Group 1 - The core viewpoint of the news is that Shangneng Electric's stock has experienced fluctuations, with a recent decline of 2.02% and a total market value of 20.088 billion yuan [1] - As of January 15, the stock price of Shangneng Electric is 39.83 yuan per share, with a trading volume of 710 million yuan and a turnover rate of 4.58% [1] - The company has seen a year-to-date stock price increase of 16.39%, with a 32.86% increase over the past 60 days [1] Group 2 - Shangneng Electric reported a revenue of 3.565 billion yuan for the period from January to September 2025, representing a year-on-year growth of 16.15% [2] - The net profit attributable to shareholders for the same period was 311 million yuan, showing a year-on-year increase of 2.99% [2] - The company has distributed a total of 130 million yuan in dividends since its A-share listing, with 102 million yuan distributed in the last three years [3] Group 3 - As of September 30, 2025, the number of shareholders for Shangneng Electric increased by 62.40% to 75,800 [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 5.4105 million shares to 8.6206 million shares [3] - The company’s main business revenue composition includes 72.20% from photovoltaic inverters and 25.64% from energy storage bidirectional converters and system integration products [1]

1月13日，上能电气盘中下跌2.05%，截至10:14，报38.15元/股，成交4.45亿元，换手率2.99%，总市值 192.41亿元。 资金流向方面，主力资金净流出4387.41万元，特大单买入2469.73万元，占比5.55%，卖出3190.64万 元，占比7.17%；大单买入7204.70万元，占比16.19%，卖出1.09亿元，占比24.42%。 上能电气今年以来股价涨11.48%，近5个交易日跌1.98%，近20日涨4.95%，近60日涨30.74%。 资料显示，上能电气股份有限公司位于江苏省无锡市惠山区和惠路6号，成立日期2012年3月30日，上市 日期2020年4月10日，公司主营业务涉及电力电子设备的研发、生产、销售。主营业务收入构成为：光 伏逆变器72.20%，储能双向变流器及系统集成产品25.64%，电能质量治理产品1.19%，备件及技术服务 0.85%，其他0.12%。 上能电气所属申万行业为：电力设备-光伏设备-逆变器。所属概念板块包括：BIPV概念、智能电网、储 能、太阳能、逆变器等。 截至9月30日，上能电气股东户数7.58万，较上期增加62.40%；人均流通股5054股，较上期 ...

Core Viewpoint - The stock of Shangneng Electric has shown significant growth, with a year-to-date increase of 18.29%, indicating strong market performance and investor interest [1]. Group 1: Stock Performance - As of January 9, Shangneng Electric's stock price rose by 2.02% to 40.48 CNY per share, with a trading volume of 3.45 billion CNY and a turnover rate of 2.24%, resulting in a total market capitalization of 20.416 billion CNY [1]. - The stock has experienced an 18.29% increase in price this year, with a 26.26% rise over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Shangneng Electric reported a revenue of 3.565 billion CNY, reflecting a year-on-year growth of 16.15%, and a net profit attributable to shareholders of 311 million CNY, which is a 2.99% increase compared to the previous year [2]. - The company has distributed a total of 130 million CNY in dividends since its A-share listing, with 102 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Shangneng Electric increased to 75,800, a rise of 62.40% from the previous period, while the average number of circulating shares per person decreased by 14.03% to 5,054 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 8.6206 million shares, an increase of 5.4105 million shares from the previous period [3].

Core Viewpoint - The stock of SangNeng Electric has shown a positive trend with a year-to-date increase of 17.74%, reflecting strong market interest and trading activity [1]. Group 1: Stock Performance - As of December 23, SangNeng Electric's stock price reached 36.90 CNY per share, with a trading volume of 5.78 billion CNY and a turnover rate of 4.16%, resulting in a total market capitalization of 186.06 billion CNY [1]. - The stock has experienced a 5.25% increase over the last five trading days, a 3.55% decrease over the last 20 days, and a 16.55% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading volume) three times this year, with the most recent appearance on November 13, where it recorded a net buy of 354 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, SangNeng Electric reported a revenue of 3.565 billion CNY, marking a year-on-year growth of 16.15%, and a net profit attributable to shareholders of 311 million CNY, which is a 2.99% increase year-on-year [2]. - The company has distributed a total of 130 million CNY in dividends since its A-share listing, with 102 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for SangNeng Electric reached 75,800, an increase of 62.40% compared to the previous period, while the average number of circulating shares per shareholder decreased by 14.03% to 5,054 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 8.6206 million shares, an increase of 5.4105 million shares from the previous period [3].

11月28日，上能电气涨5.05%，截至发稿，报38.24元/股，成交8.91亿元，换手率6.20%，总市值192.81 亿元。 截至发稿，程彧累计任职时间9年21天，现任基金资产总规模2.58亿元，任职期间最佳基金回报 71.49%， 任职期间最差基金回报9.1%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，安联基金旗下1只基金重仓上能电气。安联中国精选混合A（021981）三季度持有股数21.98 万股，占基金净值比例为3.12%，位居第九大重仓股。根据测算，今日浮盈赚取约40.44万元。 安联中国精选混合A（021981）成立日期2024年9月3日，最新规模1.86亿。今年以来收益45.18%，同类 排名981/8127；近一年收益35.89%，同类排名1597/8059；成立以来收益71.6%。 安联中国精选混合A（021981）基金经理为程彧。 资料显示，上能电气股份有限公司位于江苏省无锡市惠山区和惠路6号，成立日期2012年 ...

Core Viewpoint - Shangneng Electric experienced a 5.2% increase in stock price, reaching 46.96 CNY per share, with a trading volume of 1.987 billion CNY and a turnover rate of 11.33%, resulting in a total market capitalization of 23.678 billion CNY [1] Company Overview - Shangneng Electric Co., Ltd. is located at 6 Heyu Road, Huishan District, Wuxi City, Jiangsu Province, established on March 30, 2012, and listed on April 10, 2020 [1] - The company's main business involves the research, production, and sales of power electronic devices, with revenue composition as follows: photovoltaic inverters 72.20%, energy storage bidirectional converters and system integration products 25.64%, power quality governance products 1.19%, spare parts and technical services 0.85%, and others 0.12% [1] Shareholder Information - Among the top ten circulating shareholders of Shangneng Electric, a fund under Huatai-PB Fund holds a significant position. The photovoltaic ETF (515790) increased its holdings by 924,900 shares in the third quarter, totaling 3.4197 million shares, which represents 0.89% of the circulating shares. The estimated floating profit today is approximately 7.9336 million CNY [2] - The photovoltaic ETF (515790) was established on December 7, 2020, with a current scale of 13.976 billion CNY. Year-to-date returns are 39.19%, ranking 1204 out of 4216 in its category; the one-year return is 16.16%, ranking 2631 out of 3955; and since inception, the return is 5.52% [2] Fund Manager Performance - The fund managers of the photovoltaic ETF (515790) are Li Qian and Li Mu Yang. As of the report, Li Qian has a cumulative tenure of 6 years and 12 days, managing a total fund size of 44.052 billion CNY, with the best fund return during her tenure being 88.03% and the worst being -18.35% [3] - Li Mu Yang has a cumulative tenure of 4 years and 314 days, managing a total fund size of 29.856 billion CNY, with the best fund return during his tenure being 146.61% and the worst being -37.05% [3]

Group 1 - The core viewpoint of the news is that Shangneng Electric has seen a significant increase in its stock price, rising by 5.12% to reach 35.14 CNY per share, with a trading volume of 1.47 billion CNY and a turnover rate of 11.38%, resulting in a total market capitalization of 17.72 billion CNY [1] - Shangneng Electric, established on March 30, 2012, and listed on April 10, 2020, specializes in the research, production, and sales of power electronic devices, with its main business revenue composition being 72.20% from photovoltaic inverters, 25.64% from energy storage bidirectional converters and system integration products, 1.19% from power quality governance products, 0.85% from spare parts and technical services, and 0.12% from other sources [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Xinda Australia has a significant holding in Shangneng Electric, with the Xin'ao New Materials Selected Mixed A Fund (019468) holding 18,200 shares, accounting for 4.63% of the fund's net value, ranking as the eighth largest heavy stock [2] - The Xin'ao New Materials Selected Mixed A Fund (019468) was established on November 29, 2023, with a latest scale of 10.05 million CNY, and has achieved a year-to-date return of 30.8%, ranking 2,664 out of 8,150 in its category, and a one-year return of 32.1%, ranking 2,183 out of 8,043 [2]

Group 1 - The core viewpoint of the news is that Shangneng Electric has seen a significant increase in its stock price, rising by 5.12% to reach 35.14 CNY per share, with a trading volume of 1.47 billion CNY and a turnover rate of 11.38%, resulting in a total market capitalization of 17.72 billion CNY [1] - Shangneng Electric, established on March 30, 2012, and listed on April 10, 2020, specializes in the research, production, and sales of power electronic devices, with its main revenue sources being photovoltaic inverters (72.20%), energy storage bidirectional converters and system integration products (25.64%), power quality governance products (1.19%), spare parts and technical services (0.85%), and others (0.12%) [1] Group 2 - From the perspective of fund holdings, a fund under Zheshang Securities Asset Management has a significant position in Shangneng Electric, with the Zheshang Huijin Transformation Growth Fund (000935) holding 38,800 shares, accounting for 2.74% of the fund's net value, making it the ninth-largest holding [2] - The Zheshang Huijin Transformation Growth Fund (000935) was established on December 30, 2014, with a latest scale of 51.79 million CNY, achieving a year-to-date return of 38.73% and ranking 1749 out of 8150 in its category, while its one-year return is 32.84%, ranking 2089 out of 8043 [2]

Group 1 - The core viewpoint of the news is that Shangneng Electric has seen a significant increase in its stock price, rising by 5.12% to reach 35.14 CNY per share, with a trading volume of 1.47 billion CNY and a turnover rate of 11.38%, resulting in a total market capitalization of 17.718 billion CNY [1] - Shangneng Electric, established on March 30, 2012, and listed on April 10, 2020, specializes in the research, production, and sales of power electronic devices, with its main business revenue composition being 72.20% from photovoltaic inverters, 25.64% from energy storage bidirectional converters and system integration products, 1.19% from power quality governance products, 0.85% from spare parts and technical services, and 0.12% from other sources [1] Group 2 - Among the top ten circulating shareholders of Shangneng Electric, a fund under Huatai-PB Fund has increased its holdings in the photovoltaic ETF (515790) by 924,900 shares in the third quarter, bringing its total holdings to 3.4197 million shares, which accounts for 0.89% of the circulating shares, resulting in an estimated floating profit of approximately 5.8476 million CNY [2] - The photovoltaic ETF (515790) was established on December 7, 2020, with a latest scale of 13.976 billion CNY, achieving a year-to-date return of 32.15%, ranking 1471 out of 4216 in its category, and a one-year return of 13.42%, ranking 3001 out of 3901, with a return of 0.18% since inception [2]

Core Viewpoint - The company, Shangneng Electric, is a leading global supplier of photovoltaic inverters and energy storage systems, with a focus on power electronics technology and industry experience [1] Group 1: Business Performance - In Q3 2025, Shangneng Electric reported revenue of 3.565 billion yuan, ranking 5th in the industry, significantly lower than the top competitor, Sungrow Power, which had 66.402 billion yuan [2] - The revenue breakdown shows that photovoltaic inverters contributed 1.577 billion yuan (72.20%), while energy storage inverters and system integration products accounted for 560 million yuan (25.64%) [2] - The net profit for the same period was 310 million yuan, placing the company 4th in the industry, again trailing behind Sungrow Power's 11.954 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's asset-liability ratio was 73.01%, higher than the industry average of 47.62%, indicating potential debt repayment pressure [3] - The gross profit margin was reported at 24.17%, lower than the industry average of 30.29%, suggesting a need for improvement in profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 62.40% to 75,800, while the average number of shares held per shareholder decreased by 14.03% [5] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and a photovoltaic ETF, both of which increased their holdings compared to the previous period [5] Group 4: Future Outlook - Analysts predict that the company will maintain a strong position in the photovoltaic inverter market, with a global ranking of 4th in 2024 and consistent top ten performance over the past twelve years [5] - The company is expected to achieve net profits of 603 million yuan, 782 million yuan, and 968 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 26.9, 20.8, and 16.8 [5] - The domestic and international energy storage markets are showing high growth potential, supported by favorable policies and increasing overseas orders [6]