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13.24万元。连续4 天上涨期间浮盈赚取15.47万元。 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7.27%，同类排名 6324/8167；近一年收益19.86%，同类排名5085/8010；成立以来亏损52.87%。 国融融银A（006009）基金经理为周德生、贾雨璇。 9月30日，昱能科技涨5.54%，截至发稿，报59.80元/股，成交8336.35万元，换手率0.92%，总市值93.45 亿元。昱能科技股价已经连续4天上涨，区间累计涨幅6.93%。 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54.95%，工商业储能系统29.14%，智控关断器 8.94%，其它3.89%， ...

9月15日，昱能科技涨5.09%，截至发稿，报58.44元/股，成交1.26亿元，换手率1.40%，总市值91.33亿 元。 贾雨璇累计任职时间3年317天，现任基金资产总规模5.39亿元，任职期间最佳基金回报5.34%， 任职期 间最差基金回报-53.35%。 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，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11.93万元。 国融融银A（006009）成立日期2018年6月7日，最新规模777.89万。今年以来亏损0.43%，同类排名 8140/8246；近一年收益21.3%，同类排名5995/8054；成立以来亏损56.25%。 国融融银A（006009）基金经理为周德生、贾雨璇。 截至发稿，周德生累计任职时间5年190天，现任基金资产总规模12.26亿元，任职期间最 ...

Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Insights - In the first half of 2025, the company achieved a revenue of 651 million yuan, a year-on-year decrease of 27.54%. The net profit attributable to the parent company was 79 million yuan, down 9.88% year-on-year. In Q2 2025, the revenue was 461 million yuan, a year-on-year decline of 2.27%, but a quarter-on-quarter increase of 141.36%. The net profit for Q2 was 50 million yuan, showing a year-on-year growth of 4.96% and a quarter-on-quarter increase of 74.02% [2][4]. Financial Performance - The company's micro-inverter and energy communication products generated a revenue of 360 million yuan in H1 2025, down 42% year-on-year, primarily due to subdued demand in Europe. The commercial storage revenue was 190 million yuan, up 6% year-on-year, mainly contributed by Q2. The revenue from circuit breakers was 60 million yuan, down 24% year-on-year, affected by demand in the U.S. The household storage revenue was 20 million yuan, up 34% year-on-year [11]. - The overall gross margin decreased to 20.6% in Q2, a decline of 23 percentage points quarter-on-quarter, due to the increased proportion of low-margin commercial storage business [11]. - The company's expense ratio in Q2 was only 5.5%, a decrease of 17 percentage points quarter-on-quarter, marking the first drop below 10% since Q4 2022, attributed to revenue growth and increased foreign exchange gains [11]. - As of the end of Q2, the company had cash and cash equivalents of 1.38 billion yuan and trading financial assets of 530 million yuan, indicating a strong cash position for business expansion [11]. Business Outlook - The company has established a product layout centered around micro-inverters, including micro-storage, household storage, and commercial storage. Recent demand for micro-inverters has been stable, with good gross margins, and there is significant potential for market penetration growth in the long term [11]. - The commercial storage business is steadily developing after last year's surge, with active expansion into overseas markets, including sales in Germany and Slovakia, which is expected to enhance profitability and contribute to performance growth [11].

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].

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 1.771 billion yuan in 2024, representing a year-on-year growth of 25%. However, the net profit attributable to shareholders was 140 million yuan, a decrease of 36% year-on-year. In Q4 2024, revenue dropped to 238 million yuan, down 47% year-on-year and 63% quarter-on-quarter, with a net profit of -9 million yuan, reflecting a 124% year-on-year decline [2][4]. - For Q1 2025, the company achieved a revenue of 191 million yuan, a decline of 55% year-on-year, with a net profit of 29 million yuan, down 28% year-on-year [2][4]. Summary by Sections Financial Performance - In 2024, the company sold 960,000 units of micro-inverters and energy communication products, a decrease of 2% year-on-year. The gross margin for these products was 38.4%, maintaining a good level. The inventory at the end of 2024 was 1.09 million units, a reduction of 21% compared to the previous year [10]. - The company's industrial storage business generated a revenue of 540 million yuan in 2024, with a gross margin of 13.3%, showing significant growth. The revenue from smart control circuit breakers was 190 million yuan, up 15% year-on-year, with a gross margin of 45.8%, an increase of 9.1 percentage points [10]. - For Q1 2025, the company expects a decline in micro-inverter sales year-on-year, but a relatively stable performance quarter-on-quarter, primarily due to subdued grid connection demand in the European market. The gross margin for micro-inverters is expected to improve [10]. Market Outlook - The demand for micro-inverters is expected to stabilize, with a potential increase in shipments in Q2 2025, supported by recent power outages in Southern Europe that may boost demand. The industrial storage business is anticipated to develop steadily after last year's explosive growth, with efforts to expand into overseas markets likely to enhance profitability [10]. - The company is projected to achieve a profit of over 300 million yuan in 2025 [10].