Core Viewpoint - The company, YN Technology, focuses on the photovoltaic power generation sector, particularly in the research, production, and sales of component-level power electronic devices for distributed photovoltaic systems, benefiting from the depreciation of the RMB and its status as a "specialized, refined, distinctive, and innovative" enterprise [2][3]. Company Overview - YN Technology was established on March 24, 2010, and went public on June 8, 2022. Its main business involves the research, production, and sales of component-level power electronic devices for distributed photovoltaic systems [7]. - The company's revenue composition includes: micro-inverters and energy communication products (55.56%), commercial and industrial energy storage systems and services (30.63%), intelligent control disconnectors (10.46%), household energy storage products (1.84%), and others (2.5%) [7]. - As of June 30, 2025, YN Technology reported a revenue of 651 million yuan, a year-on-year decrease of 27.54%, and a net profit attributable to shareholders of 79.14 million yuan, a year-on-year decrease of 9.88% [7]. Market Performance - On September 3, YN Technology's stock rose by 3.38%, with a trading volume of 301 million yuan and a turnover rate of 3.81%, bringing the total market capitalization to 7.933 billion yuan [1]. - The company has a significant overseas revenue share of 66.03%, benefiting from the depreciation of the RMB [3]. Investment Highlights - YN Technology has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises that excel in niche markets and innovation [2]. - The company has completed its product layout in energy storage, with its single-phase household energy storage series products entering mass production and being sold in Europe and the United States [2]. Technical Analysis - The average trading cost of YN Technology's stock is 45.77 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The current stock price is near a resistance level of 52.06 yuan, indicating potential for a price correction if this level is not surpassed [6].

Company Overview - YN Technology Co., Ltd. is located in Jiaxing, Zhejiang Province, established on March 24, 2010, and listed on June 8, 2022. The company specializes in the research, production, and sales of component-level power electronic devices in distributed photovoltaic power generation systems [1] - The main business revenue composition includes: micro-inverters and energy communication products (55.56%), commercial and industrial energy storage systems and services (30.63%), smart control circuit breakers (10.46%), household energy storage products (1.84%), and other (supplementary) (0.98%) [1] Stock Performance - On September 3, YN Technology's stock rose by 5.05%, reaching a price of 51.58 CNY per share, with a trading volume of 232 million CNY and a turnover rate of 2.95%. The total market capitalization is 8.061 billion CNY [1] Fund Holdings - According to data, one fund under the Fortune Fund has a significant holding in YN Technology. The Fortune SSE Index ETF Link A/B (100053) held 400 shares in the second quarter, unchanged from the previous period, accounting for 0.0002% of the circulating shares, ranking as the third-largest holding [2] - The fund has achieved a year-to-date return of 17.03%, ranking 2684 out of 4222 in its category, and a one-year return of 37.26%, ranking 2572 out of 3783 [2] Fund Manager Information - The fund managers for Fortune SSE Index ETF Link A/B (100053) are Wang Baohe and Fang Min. Wang Baohe has a cumulative tenure of 14 years and 189 days, with a total fund asset size of 9.06 billion CNY and a best fund return of 126% during his tenure [3] - Fang Min has a cumulative tenure of 10 years and 292 days, managing a total fund asset size of 25.209 billion CNY, with a best fund return of 161.79% during his tenure [3]

从基金十大重仓股角度 数据显示，国融基金旗下1只基金重仓昱能科技。国融融银A（006009）二季度减持2372股，持有股数 4.22万股，占基金净值比例为2.1%，位居第九大重仓股。根据测算，今日浮盈赚取约10.46万元。 9月3日，昱能科技涨5.05%，截至发稿，报51.58元/股，成交2.32亿元，换手率2.95%，总市值80.61亿 元。 资料显示，昱能科技股份有限公司位于浙江省嘉兴市南湖区凌公塘路3535号，成立日期2010年3月24 日，上市日期2022年6月8日，公司主营业务涉及分布式光伏发电系统中组件级电力电子设备的研发、生 产及销售。主营业务收入构成为：微逆及能量通信产品55.56%，工商业储能系统及服务30.63%，智控 关断器10.46%，户用储能产品1.84%，其他(补充)0.98%，其他0.52%。 国融融银A（006009）成立日期2018年6月7日，最新规模777.89万。今年以来收益1.76%，同类排名 7568/8180；近一年收益28.48%，同类排名4791/7967；成立以来亏损55.28%。 国融融银A（006009）基金经理为周德生、贾雨璇。 责任编辑：小浪快报 贾雨 ...

Core Viewpoint - YN Technology's stock performance and financial metrics indicate a mixed outlook, with a notable decrease in revenue and net profit, while financing activities show low levels of net buying and high levels of short selling [1][2][3]. Group 1: Stock Performance - On August 28, YN Technology's stock rose by 1.95%, with a trading volume of 162 million yuan [1]. - The financing buy-in amount for YN Technology on the same day was 18.56 million yuan, while the financing repayment was 22.53 million yuan, resulting in a net financing outflow of 3.97 million yuan [1]. - As of August 28, the total financing and securities balance for YN Technology was 216 million yuan [1]. Group 2: Financing and Short Selling - The current financing balance for YN Technology is 215 million yuan, accounting for 2.81% of its market capitalization, which is below the 10th percentile level over the past year, indicating a low position [1]. - On August 28, YN Technology repaid 200 shares in short selling, with no shares sold, resulting in a short selling amount of 0.00 yuan; the short selling balance was 540,200 yuan, which is above the 60th percentile level over the past year, indicating a high position [1]. Group 3: Financial Performance - For the period from January to March 2025, YN Technology reported revenue of 191 million yuan, a year-on-year decrease of 55.39%, and a net profit attributable to shareholders of 28.88 million yuan, down 27.68% year-on-year [2]. - Since its A-share listing, YN Technology has distributed a total of 349 million yuan in dividends [3]. Group 4: Shareholder Information - As of March 31, 2025, YN Technology had 11,600 shareholders, a decrease of 1.72% from the previous period, with an average of 6,960 circulating shares per shareholder, an increase of 1.75% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 716,800 shares, a decrease of 51,200 shares from the previous period [3].

Core Viewpoint - The company, YN Technology, focuses on the photovoltaic power generation sector, particularly in the development, production, and sales of component-level power electronic devices for distributed photovoltaic systems, benefiting from the depreciation of the RMB and its status as a "specialized, refined, distinctive, and innovative" enterprise [2][3]. Company Overview - YN Technology is located in Jiaxing, Zhejiang Province, and was established on March 24, 2010, with its stock listed on June 8, 2022 [7]. - The company's main business includes the research, production, and sales of component-level power electronic devices for distributed photovoltaic systems, with a revenue composition of 55.56% from micro-inverters and energy communication products, 30.63% from commercial energy storage systems and services, 10.46% from intelligent control disconnectors, 1.84% from household energy storage products, and 0.98% from other sources [7]. Financial Performance - For the first quarter of 2025, YN Technology reported a revenue of 191 million yuan, a year-on-year decrease of 55.39%, and a net profit attributable to shareholders of 28.88 million yuan, down 27.68% year-on-year [7]. - The company has distributed a total of 349 million yuan in dividends since its A-share listing [8]. Market Position and Trends - As of the 2024 annual report, overseas revenue accounted for 66.03% of total revenue, benefiting from the depreciation of the RMB [3]. - The company has completed its product layout in energy storage, including portable mobile storage, household storage, and commercial energy storage systems, with its single-phase household energy storage series products entering mass production and being sold in Europe and the United States [2][3]. Shareholder and Institutional Holdings - As of March 31, 2025, the number of shareholders for YN Technology was 11,600, a decrease of 1.72% from the previous period, with an average of 6,960 circulating shares per person, an increase of 1.75% [7]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Bosera SSE STAR 50 ETF, with both reducing their holdings compared to the previous period [8].