On July 11, A-share listed company Yingweiteng released A semi-annual performance forecast, the company is expected to decline significantly from January to June 2024, the net profit attributable to shareholders of listed companies is 950.00 million to 115 million, the net profit fell 57.14% to 48.11%, and the operating income is expected to be 2.114 billion yuan. Basic earnings per share are expected to be $0.12 to $0.14.

1756-RM The Company made the above forecast based on the following reasons: During the reporting period, the company achieved operating income of 2.114 billion yuan, a slight decrease from the same period last year, a decrease of 91 million yuan, mainly for the photovoltaic energy storage business operating income decreased by 114 million yuan compared with the same period last year, and the company’s other business operating income remained basically stable compared with the same period last year.

Net profit attributable to shareholders of listed companies decreased significantly compared with the same period last year, mainly due to:

1. Affected by the intensifying competition in the photovoltaic energy storage market, the sales price of the products in the market dropped significantly, and the net profit of the parent fell by about 37 million yuan;

2. In order to ensure the company’s core competitiveness, the company continued to invest in research and development and sales, and the increase in expenses during the period led to a decrease in net profit of about 50 million yuan;

3. The company’s improved inverter products exported to the Indian subsidiary, the Indian subsidiary will be classified in the frequency converter category (applicable to a relatively low tariff rate) at the time of import declaration, and the territorial customs and relevant regulatory authorities believe that it should belong to the photovoltaic series products (applicable to a relatively high tariff rate) after the inspection. Due to the deviation in the understanding of the customs codes of these imported goods, different tariff rates are applied, and the resulting differences in the valuation basis of imported goods, as well as the possible series of differences in duties and surcharges, VAT, corporate income tax, late fees, etc. Based on the principle of prudence, after the preliminary calculation of the difference, the company set aside about 24 million yuan in taxes and late fees during the reporting period. The exact amount caused by this matter is still uncertain and needs to be further communicated with the local regulatory authorities to confirm.

1756-RM The industry of the company is automation equipment.

Shenzhen Yingwei Teng Electric Co., LTD., the main business is industrial automation, network energy, new energy vehicles and photovoltaic energy storage. The main products include frequency converter, servo system, motor, controller, human-machine interface, sensor, elevator drive system, industrial Internet, electric drive, vehicle power supply, charging pile, data center system, photovoltaic and energy storage inverter system. With its excellent technical performance in the field of new energy vehicle drive control, the company once again won the 2023 China intelligent electric Vehicle core Parts 100 list.