Group 1 - The company approved a share repurchase plan using excess funds from its initial public offering, with a maximum repurchase price of RMB 170 per share and a total repurchase amount between RMB 100 million and RMB 200 million [1][2] - The repurchase period is set for 12 months from the date of board approval, which was on October 29, 2025 [1] - As of January 31, 2026, the company repurchased 180,000 shares, representing 0.15% of the total share capital, with a total transaction amount of RMB 17,358,244.75 [1] Group 2 - The company will adhere to relevant regulations and guidelines during the repurchase period and will disclose information in a timely manner [2]

Group 1 - The company, HeMai Co., Ltd. (688032.SH), announced a share buyback of 180,000 shares, representing 0.15% of its total share capital [1] - The buyback was conducted through the Shanghai Stock Exchange's centralized bidding system [1] - The highest price for the buyback was 98.92 yuan per share, while the lowest price was 93.63 yuan per share, with a total transaction amount of 17,358,244.75 yuan (excluding stamp duty and transaction commissions) [1]

证券代码：688032 证券简称：禾迈股份 公告编号：2026-003 杭州禾迈电力电子股份有限公司 关于股份回购进展公告 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7 号——回购股份》等相关规定，在回购股份期间，上市公司应当在每个月的前3个 交易日内公告截至上月末的回购进展情况。现将公司回购股份的进展情况公告如 下： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/10/30 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 2025 29 10 | 10 | 月 | 日~2026 | 年 | 月 | 28 | 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | ...

证券之星消息，根据企查查数据显示禾迈股份（688032）公布了一项国际专利申请，专利名为"光伏发 电的控制方法、主控设备及光伏系统"，专利申请号为PCT/CN2025/105754，国际公布日为2026年1月29 日。 今年以来禾迈股份已公布的国际专利申请3个，较去年同期增加了200%。结合公司2025年中报财务数 据，2025上半年公司在研发方面投入了1.66亿元，同比增36.61%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 专利详情如下： 图片来源：世界知识产权组织（WIPO） ...

Core Viewpoint - HeMai Co., Ltd. (688032.SH) is currently experiencing a decline in stock price, closing at 103.19 yuan with a drop of 2.98%, indicating a state of share price below its initial public offering (IPO) price [1] Group 1: IPO and Financial Overview - HeMai Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 20, 2021, with an IPO price of 557.80 yuan per share and a total issuance of 10 million shares [1] - The total funds raised from the IPO amounted to 5.578 billion yuan, with a net amount of 5.406 billion yuan after deducting issuance costs, which exceeded the original plan by 4.848 billion yuan [1] - The funds raised are intended for projects including the construction of an intelligent manufacturing base, industrialization of energy storage inverters, upgrading of intelligent electrical equipment, and supplementing working capital [1] Group 2: Dividend Announcements - On May 30, 2022, HeMai Co., Ltd. announced a dividend plan of 30 yuan (pre-tax) per 10 shares, along with a bonus issue of 4 shares, with the ex-dividend date set for June 7, 2022 [2] - On June 6, 2023, the company announced a dividend plan of 53 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 13, 2023 [2] - A future dividend plan was announced for June 13, 2024, proposing a payout of 36 yuan (pre-tax) per 10 shares, along with a bonus issue of 4.9 shares, with the ex-dividend date set for June 19, 2024 [2]

Core Viewpoint - HeMai Co., Ltd. (688032.SH) is currently experiencing a decline in stock price, closing at 107.74 yuan with a drop of 4.59%, indicating a state of breaking [1] Group 1: Company Overview - HeMai Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 20, 2021, with an initial offering price of 557.80 yuan per share and a total issuance of 10 million shares [1] - The total funds raised from the initial public offering (IPO) amounted to 5.578 billion yuan, with a net amount of 5.406 billion yuan after deducting issuance costs, which exceeded the original plan by 4.848 billion yuan [1] - The funds raised are intended for projects including the construction of the HeMai Intelligent Manufacturing Base, the industrialization of energy storage inverters, the upgrade of intelligent complete electrical equipment, and to supplement working capital [1] Group 2: Dividend Announcements - On May 30, 2022, HeMai Co., Ltd. announced a dividend plan of 30 yuan (pre-tax) per 10 shares, along with a bonus issue of 4 shares, with the ex-dividend date set for June 7, 2022 [2] - On June 6, 2023, the company announced a dividend plan of 53 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 13, 2023 [2] - For June 13, 2024, HeMai Co., Ltd. announced a dividend plan of 36 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 19, 2024 [2]

Group 1 - Dongwu Securities issued a report on January 27, giving Hema Technology (688032.SH) a "Buy" rating due to its continuous layout in the energy storage business and the expectation of growth recovery in 2026 [1] - The report highlights that the prices of micro-inverters and micro-storage are expected to bottom out, with further iterations of new products anticipated [1] - It is noted that during the transformation period, expenses are relatively high, with a slight increase expected in 2026 [1] Group 2 - The international gold price has surpassed $5,000, marking a 280% increase over the past seven years, with experts suggesting that the key factors for future trends will depend on the US dollar, international monetary system, interest rate cuts, and technological revolutions [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to enter a harvest period with a stabilization in micro-inverter competition, leading to steady growth [1] - The company anticipates a significant recovery in its energy storage business in 2026, with projected revenues of over 10 billion yuan from large-scale storage systems and a gross margin of around 15% [8] - The company is undergoing a transformation phase, with high expenses expected in 2025, but a slight increase in costs is anticipated for 2026 as the framework for various teams has been established [8] Financial Projections - Total revenue is projected to decline slightly from 1,993 million yuan in 2024 to 1,959 million yuan in 2025, before increasing to 4,018 million yuan in 2026 and 5,345 million yuan in 2027 [1][9] - The net profit attributable to the parent company is expected to be -149 million yuan in 2025, with a recovery to 313 million yuan in 2026 and 511 million yuan in 2027 [1][9] - The earnings per share (EPS) is forecasted to be -1.20 yuan in 2025, recovering to 2.52 yuan in 2026 and 4.12 yuan in 2027 [1][9] Market Data - The closing price of the company's stock is 111.50 yuan, with a market capitalization of 13,834.20 million yuan [5] - The price-to-earnings (P/E) ratio is currently 43.23, expected to drop to -99.98 in 2025 before stabilizing at 29.09 in 2027 [1][9] Business Segments - The company expects to generate over 3 billion yuan in revenue from large-scale storage systems and PCS in 2025, with a significant portion coming from overseas markets [8] - The micro-inverter segment is projected to see revenues of over 8 billion yuan in 2025, despite a 30% decline in prices due to increased competition [8]

格隆汇1月27日丨禾迈股份(688032.SH)近日接受特定对象调研时表示，储能业务保持一个快速增长，具 体的收入情况请关注我们后续披露的年度报告。公司从单一交流侧走向储能系统，渠道转向项目制，研 发-销售-体系方面都做出了一些改变为业务的快速发展提供支撑。目前公司也积累了一定的项目经验和 商业机会，预计未来几年储能系统的营业收入将有较大的提升。 ...

Group 1 - The core viewpoint of the article is that HeMai Co., Ltd. (688032.SH) anticipates significant growth in research and development and sales expenses in 2025 compared to 2024, indicating a stable growth trajectory without drastic fluctuations in the coming years [1] Group 2 - The company expects to maintain a moderate growth trend over the next few years, avoiding any severe volatility in its financial performance [1]