Yingweiteng stock price offset 12.5 yuan/share, refreshing the high point in recent years, compared with the price of less than 8 yuan/share in early 2023, the rise is obvious.

Inwitten said that the net profit in the first quarter achieved a significant growth over the same period last year, mainly due to the company to seize market opportunities, actively expand marketing channels, continue to optimize internal management, the company’s revenue in all sectors have achieved steady growth; Due to the positive impact of scale effect and material prices, gross profit margin also increased from the same period last year.

On the evening of the 12th, Inwitten also disclosed the 2022 performance express.

After preliminary accounting, the company achieved a total revenue of 4.097 billion yuan in 2022, an increase of 36.16%; Operating profit reached 254 million yuan, an increase of 53.43%; Net profit of 275 million yuan, an increase of 50.81%; Non-net profit reached 255 million yuan, an increase of 90.62%.

With the help of performance growth, as of the end of 2022, the owner’s equity attributable to shareholders of listed companies reached 2.284 billion yuan, an increase of 19.23% over the end of the previous year. In addition, the company’s total assets reached 4.887 billion yuan, an increase of 40.72% over the end of the previous year, mainly due to the expansion of the company’s business scale, notes receivable, accounts receivable, receivables financing, inventory, fixed assets caused by a large increase.

Inwitten said that the year-on-year growth in performance in 2022 was mainly due to the company seizing market opportunities and increasing investment during the reporting period, and the revenue of industrial automation, network energy, photovoltaic energy storage, and new energy vehicles sectors all achieved corresponding growth.

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At present, Inwitten Industrial Automation business has set up industrial automation division; The new energy vehicle business is operated by Shenzhen Yingwiteng Electric Vehicle Drive Technology Co., LTD. (hereinafter referred to as the “Electric Vehicle Company”); The photovoltaic business is operated by Shenzhen Yingweiteng Photovoltaic Technology Co., LTD. The data center business is operated in Shenzhen Yingwei Teng Network Energy Technology Co., LTD and Shenzhen Yingwei Teng Power Co., LTD.

The company recently announced that last year’s photovoltaic business was mainly domestic, and in the first two months of this year, domestic and overseas accounted for half of each, and the main sales model was the combination of project sales and OEM sales. In the future, with the continuous promotion of overseas localization business, export sales are expected to continue to increase.

Performance growth Inwitten, seeking layout in the new energy vehicle sector.

On April 8, the company announced that He and Tai (002402) and a number of investors planned to increase the capital of the holding subsidiary electric vehicle company by 315 million yuan in cash, and subscribed to the registered capital of 58.5502 million yuan of electric vehicle company. Among them, Yingweiteng intends to invest 100 million yuan with its own funds and subscribe to the registered capital of 18.5874 million yuan of the electric car company. After the completion of the transaction, the registered capital of the electric car company increased from 265 million yuan to 324 million yuan, and the shareholding ratio of Yingwiteng changed to 46.17%.

However, what has attracted much market attention is that in this transaction, the market assessed value of all the equity of the shareholders of the electric vehicle company on the base date of evaluation December 31, 2022 is 1.424 billion yuan, and the assessed value is 1.427 billion yuan higher than the net assets of the book, and the value-added rate is as high as 50986.55%.

On April 11, the Shenzhen Stock Exchange had just issued a letter of concern to Inwitten, asking it to explain the reasonableness of the substantial appreciation of the assessed value compared with the balance of book net assets; The price-earnings ratio and price-to-book ratio corresponding to the listed company’s share price increase this time are in line with industry practices.