禾迈股份(688032) - 禾迈股份投资者关系活动记录表

Financial Performance - The company's revenue for 2023 was approximately CNY 2.026 billion, representing a year-on-year increase of 31.86% [3] - Net profit attributable to shareholders was about CNY 512 million, a decrease of 3.89% year-on-year [3] - Net profit after deducting share payment expenses was approximately CNY 619 million, showing a year-on-year growth of 14.05% [3] - Sales of micro-inverters and monitoring devices reached 1.3188 million units and 237,500 units, respectively [3] - Revenue from energy storage systems was approximately CNY 313 million, with a significant year-on-year growth of 354.01% [3] - For Q1 2024, the operating revenue was about CNY 331 million, a decrease of 42.91% year-on-year [3] - Net profit for Q1 2024 was approximately CNY 67.3 million, down 61.83% year-on-year [3] Research and Development - R&D expenses for 2023 were approximately CNY 248 million, reflecting a year-on-year increase of 154.36% [3] - The increase in R&D expenses was primarily due to the growth in the number of R&D personnel and the allocation of share payment expenses [3] - The company emphasizes that R&D innovation is a core driver of its development and plans to maintain continuous investment in R&D [3] Market and Product Insights - The company has established a layout in the energy storage business since 2022, focusing primarily on the domestic market [3] - There is a positive outlook for the micro-inverter market due to emerging regulations and increasing user safety demands [4] - The company believes that micro-inverters will continue to have good market potential in distributed applications [4] - The gross margin for micro-inverter products is expected to remain stable without significant fluctuations [4] - The company has accumulated certain channels for household energy storage inverters, which will facilitate faster market entry [4] - The sales price of micro-inverters has not seen significant adjustments in the past two years [4]