Yuneng Technology Co., Ltd. Class A

Yuneng Technology Co., Ltd. Class A

SSSE:688348
27.74
CNY
-0.17
(-0.61%)
-1.90EPS
5.44BMarket Cap
Oct 31Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2
2.45
4.16
5.67
9.76
9.09
11.38
7.69
6.47
Basic EPS, GAAP
0.11
0.14
0.65
0.88
2.63
1.41
0.9
-0.87
-1.82
Free Cash Flow per Basic Share
0.08
0.37
0.21
0.41
-2.64
-6
3.21
-1.41
- -
Dividend per Share
0.03
0.02
0.02
0.02
0.01
1.26
0.82
0.44
0.05
Book Value per Share
0.1
0.49
1.63
2.48
23.72
23.45
23.06
21.83
20.89
Tangible Book Value per Share
0.09
0.48
1.63
2.42
23.68
23.16
22.66
21.31
20.37
Basic Weighted Avg Shares
118
157
118
117
137
156
156
154
155
Sales/Revenue/Turnover
236
385
489
665
1,338
1,420
1,771
1,188
1,005
Operating Margin (%)
6.59
8.68
100
20.65
26.3
12.16
15.39
-4.37
-11.25
Depreciation Expense
4
4
1
4
7
14
19
27
- -
Net Income, GAAP
13
22
77
103
361
220
140
-134
-283
Effective Tax Rate (%)
2.28
19.32
16.03
11.42
14.79
3.76
16.11
- -
- -
Profit Margin (%)
5.36
5.61
15.69
15.48
26.94
15.51
7.91
-11.31
-28.15
Working Capital
4
58
196
305
3,495
3,189
2,918
2,497
2,202
LT Debt
1
- -
- -
- -
3
4
5
65
59
Total Equity
12
57
192
292
3,727
3,703
3,649
3,413
3,260
Return on Invested Capital (%)
- -
23.69
43.24
35.16
17.2
5.26
3.63
- -
- -
Return on Capital (%)
- -
27.25
47.69
36.78
17.61
6.05
3.54
- -
- -
Return on Common Equity (%)
- -
61.99
61.57
42.53
17.98
5.96
3.85
-3.83
-8.2

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
313
517
581
LT Borrowings
53
53
50
LT Finance Leases
12
12
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
156
156
156
Market Capitalization
7,875
9,064
5,435

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,229
3,262
3,143
Cash, Cash Equivalents & STI
1,749
1,794
1,737
Accounts Receivable, Net
374
326
302
Inventories
880
917
845
Total Current Liabilities
732
941
941
Payables & Accruals
- -
- -
- -
ST Debt
313
517
581
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
244.04%
-6.49%
Free Cash Flow
- -
-180.19%
-143.44%
Net Income, GAAP
- -
2.6%
-195.94%
Sales/Revenue/Turnover
- -
27%
-32.94%
Total Cash Common Dividend
- -
2,017.06%
-46.19%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
428
471
634
238
1,771
2025
191
461
- -
244
1,188
2026
148
152
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.31
0.4
-0.06
0.9
2025
0.18
0.33
- -
-1.3
-0.87
2026
-0.39
-0.46
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.23
0.37
0.01
0.82
2025
0.01
0.01
- -
0.01
0.44
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Zhi Min Ling
Full Time Employees
539
Sector
Electronic technology
Industry
Semiconductors
Address
Jiaxing China
IPO Date
Jun 8, 2022
Business
Yuneng Technology Co., Ltd. Class A is a China-based renewable energy technology enterprise primarily engaged in the research, design, manufacturing, and global distribution of module-level power electronics (MLPE) and distributed energy storage systems for the solar photovoltaic (PV) industry. Founded in 2010 and headquartered in Jiaxing, Zhejiang Province, China, the company operates internationally under the brand name APsystems, maintaining subsidiaries, technical centers, and regional offices across North America, Latin America, Europe, Australia, and the Asia-Pacific region to serve residential, commercial, and industrial markets in over 160 countries. The company offers a comprehensive product and service portfolio comprising single-phase and three-phase microinverters, including the DS3 dual-module series for residential rooftops, the QT2 native three-phase quad-module series for commercial and industrial installations, and the EZ1 plug-and-play series tailored for balcony and decentralized solar configurations; energy storage systems marketed under the APstorage brand, featuring low-voltage and high-voltage battery inverters, the ELS series power conversion systems, AC-coupled home storage units, and scalable lithium-iron-phosphate battery modules; module-level safety and compliance devices under the APsmart brand, which include rapid shutdown devices (RSD) and safety transmitter controllers compliant with international photovoltaic safety standards; system communication hardware, encompassing Energy Communication Units (ECU) for real-time gateway data acquisition; and proprietary digital platforms, including the Energy Monitoring and Analysis (EMA) web portal and mobile applications, which deliver remote performance diagnostics, asset monitoring, and operations management. In recent strategic and operational developments, Yuneng Technology has advanced its business model from microinverter manufacturing to comprehensive solar-plus-storage integration. The company has introduced multiple hybrid and AC-coupled energy storage product lines, including the LSH-6 hybrid storage inverter, the Lake 6 AC-coupled energy storage system for decentralized residential deployment, and the high-capacity ELS 11.4k power control system supporting multi-unit parallel expansion and generator connectivity. Furthermore, the company has incorporated proprietary artificial intelligence algorithms into its smart energy management platforms to automate dynamic battery dispatching against fluctuating electricity tariffs and meteorological patterns, achieved UL 9540A safety compliance certification for its APstorage commercial systems, and continued to expand its international distribution agreements and supply chain partnerships across European, American, and Asia-Pacific renewable energy markets.