Group 1 - The company YN Technology (688348.SH) forecasts a net loss for the year 2025, estimating a net profit attributable to shareholders of between -140 million yuan and -115 million yuan compared to the previous year [1] - For the year 2024, YN Technology reported a net profit attributable to shareholders of 140.04 million yuan and a net profit excluding non-recurring gains and losses of 121.24 million yuan [1] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 8, 2022, with an issue price of 163.00 yuan per share and a total of 20 million shares issued [1] Group 2 - YN Technology raised a total of 3.26 billion yuan from its initial public offering, with a net amount of 3.037 billion yuan, exceeding the original plan by 2.481 billion yuan [2] - The company planned to use the raised funds for research and development center construction, global marketing network development, and to supplement working capital [2] - The total issuance costs for the IPO amounted to 223.01 million yuan, including underwriting and sponsorship fees of 189 million yuan [2] Group 3 - In 2023, YN Technology announced a dividend distribution plan, distributing a cash dividend of 2.2 yuan per share and a capital reserve increase of 0.4 shares for every share held, totaling 176 million yuan in cash dividends and 32 million shares in capital increase [2] - The total share capital after the distribution will be 112 million shares, with the record date for the dividend set for June 20, 2023, and the ex-dividend date on June 21, 2023 [2] - A subsequent dividend plan was announced for 2024, proposing a distribution of 10 yuan for every 10 shares and a capital increase of 4 shares for every 10 shares held, with the record date on July 2, 2024, and the ex-dividend date on July 3, 2024 [3]

Group 1 - Zairun New Energy focuses on the research and development of perovskite battery core materials and equipment, with a strong emphasis on high-purity and high-stability products suitable for large-scale production [1] - The company has completed multiple pilot tests and its product performance has been validated by third-party authorities [1] - Zairun's high-radiation-resistant perovskite precursor materials enhance battery stability in extreme space environments, positioning the company to become a core supplier in the space photovoltaic supply chain [1] Group 2 - Aotwei is a leading domestic photovoltaic equipment enterprise, with early layouts in perovskite production line equipment and technology covering key processes such as laser etching and thin film deposition [2] - The company's self-developed laser repair equipment significantly improves battery yield and is at the forefront of industry standards [2] - Aotwei's equipment optimizes battery manufacturing processes to meet the stringent requirements of space photovoltaic applications, potentially making it a core supplier in this sector [2] Group 3 - Haiyou New Materials is a core supplier of photovoltaic packaging materials, focusing on the development of POE films and back sheets for perovskite batteries [3] - The company has developed radiation-resistant packaging films that ensure long-term stable operation of perovskite batteries in space environments [3] - As the space photovoltaic market scales, Haiyou is positioned to become a key supplier of packaging materials for perovskite batteries [3] Group 4 - Gaoce Co., Ltd. is a leading domestic company in photovoltaic cutting equipment and silicon wafer processing, actively developing ultra-thin silicon cutting technology for perovskite batteries [4] - The company's ultra-thin silicon wafers, with thicknesses as low as 50μm, meet the lightweight requirements of perovskite batteries [4] - Gaoce's technology supports the stringent demands of space photovoltaic applications, positioning it to become a core supplier of silicon wafers for perovskite batteries [4]

证券日报网讯1月30日，昱能科技发布公告称，公司预计2025年度实现归属于母公司所有者的净利润 为-14，000万元至-11，500万元，上年同期归属于母公司所有者的净利润为14，004.42万元。 ...

Core Viewpoint - YN Technology (688348.SH) is expected to report a net loss attributable to shareholders of the parent company for the fiscal year 2025, with an estimated loss ranging from 115 million to 140 million yuan compared to the previous year [1] Financial Performance - The company anticipates a significant decline in net profit, projecting a loss of 115 million to 140 million yuan for 2025 [1]

Group 1 - The company, YN Energy Technology (688348.SH), announced that it expects to report a net loss attributable to shareholders of the parent company for the fiscal year 2025, with an estimated loss ranging from 115 million to 140 million yuan compared to the previous year [1]

Core Viewpoint - YN Technology (688348.SH) is expected to report a net loss attributable to shareholders of the parent company for the fiscal year 2025, with estimates ranging from -140 million to -115 million yuan, indicating a significant decline compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between -160 million and -135 million yuan for 2025 [1] Market Conditions - The European photovoltaic market has been adversely affected by fluctuations in energy prices and the reduction of support policies for residential photovoltaic installations, leading to a significant year-on-year decline in installed capacity [1] - As a result, the sales revenue and gross profit of the company's micro-inverters have also decreased [1] R&D and Innovation - The company continues to drive its growth through research and development, enhancing its integrated solar-storage product matrix and upgrading its solutions [1] - There has been a rapid increase in R&D expenses due to the strengthening of talent reserves and increased investment in research [1] Global Expansion - The company is steadily advancing its localization channel construction in overseas markets and improving its global business layout [1] - Increased efforts have been made to expand into emerging markets in Asia, Africa, and Latin America, resulting in a year-on-year increase in sales expenses [1]

Core Viewpoint - YN Technology (688348.SH) is expected to report a net loss attributable to shareholders of the parent company for the fiscal year 2025, with estimates ranging from -140 million to -115 million yuan, indicating a significant decline compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders of the parent company for 2025 is expected to be between -160 million and -135 million yuan when excluding non-recurring gains and losses [1] Market Conditions - The European photovoltaic market has been adversely affected by fluctuations in energy prices and the reduction of support policies for residential photovoltaic installations, leading to a significant year-on-year decline in installed capacity [1] - As a result, the sales revenue and gross profit of the company's micro-inverters have also decreased [1] R&D and Innovation - The company continues to drive its growth through research and development, focusing on enhancing its integrated solar-storage product matrix and upgrading its solar-storage solutions [1] - There has been a rapid increase in R&D expenses due to the strengthening of talent reserves and increased investment in research and development [1] Global Expansion - The company is steadily advancing its localization channel construction in overseas markets and improving its global business layout [1] - Increased efforts have been made to expand into emerging markets in Asia, Africa, and Latin America, resulting in a year-on-year increase in sales expenses [1]

Financial Performance - The company expects a net loss attributable to shareholders of between -140 million and -115 million yuan for the fiscal year 2025, compared to a net profit of 140.04 million yuan in the same period last year[3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is estimated to be between -160 million and -135 million yuan, down from 121.24 million yuan in the previous year[3]. - The total profit for the previous year was 172.91 million yuan, with a net profit attributable to shareholders of 140.04 million yuan[4]. Market Challenges - The decline in performance is primarily due to a significant drop in household photovoltaic installations in the European market, affecting sales and gross profit of micro-inverters[7]. R&D and Innovation - The company has increased its R&D investment, leading to a rapid growth in R&D expenses as it continues to innovate and enhance its integrated solar storage product matrix[7]. Market Expansion - The company is actively expanding its overseas market presence, particularly in emerging markets in Asia, Africa, and Latin America, resulting in increased sales expenses[7]. Earnings Forecast - The earnings forecast has not been audited by registered accountants, and the company has not identified any major uncertainties affecting the accuracy of this forecast[8]. - Investors are advised to note that the forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[9].

Core Viewpoint - The company, YN Technology, anticipates a net loss attributable to shareholders of 140 million to 115 million yuan for the fiscal year 2025, primarily due to challenges in the European photovoltaic market and increased R&D expenses [1] Group 1: Financial Performance - YN Technology expects a net loss of 140 million to 115 million yuan for 2025 [1] - The decline in performance is attributed to a significant drop in household photovoltaic installations in Europe, influenced by energy price fluctuations and the reduction of support policies [1] Group 2: Sales and Revenue - The sales and gross profit of the company's micro-inverters have decreased during the reporting period [1] - The company has intensified its efforts in emerging markets such as Asia, Africa, and Latin America, leading to an increase in sales expenses compared to the previous year [1] Group 3: Research and Development - YN Technology continues to drive innovation through R&D, enhancing its integrated solar storage product matrix and upgrading solutions [1] - The company has increased its investment in R&D, resulting in a rapid growth of R&D expenses [1]

Core Viewpoint - YN Technology is expected to report a net loss attributable to shareholders of between -140 million to -115 million yuan for the year 2025, primarily due to challenges in the European photovoltaic market and increased R&D expenses [1] Group 1: Financial Performance - The projected net profit for 2025 is expected to be between -160 million to -135 million yuan when excluding non-recurring gains and losses [1] - The company anticipates a significant decline in sales and gross profit from micro-inverters due to a substantial year-on-year decrease in household photovoltaic installations in Europe [1] Group 2: Market Conditions - The European photovoltaic market has been adversely affected by fluctuations in energy prices and the reduction of support policies for household photovoltaic systems [1] Group 3: R&D and Innovation - The company continues to drive innovation through R&D, leading to a rapid increase in R&D expenses as it enhances its integrated solar-storage product matrix and solutions [1] Group 4: Market Expansion - YN Technology is steadily advancing its localization channel construction in overseas markets, with increased efforts in emerging markets in Asia, Africa, and Latin America, resulting in a year-on-year increase in sales expenses [1]