On April 17, Yangguang Electric fell by 0.84%, with a transaction volume of 989 million yuan and a turnover rate of 1.11%. The company’s total market capitalization is 115.623 billion yuan. In the last three days, there has been a net outflow of 278 million yuan from major investors.
Market Analysis
Yangguang Electric is a high-tech enterprise focused on the research, development, production, sales, and service of new energy power equipment, including solar energy, wind energy, energy storage, and electric vehicles.
- On September 20, 2022, it was announced that the company established a long-term strategic partnership with Ningde Times, which is expected to facilitate rapid growth in its energy storage business.
- In the first half of 2022, the company shipped 220,000 units of its new energy vehicle drive systems, marking a year-on-year increase of 144%.
- On June 16, 2022, it was confirmed that the company offers direct current fast charging equipment for operators, as well as alternating current charging piles and low-power DC charging pile products for end consumers.
Disclaimer: The analytical content is sourced from the internet and does not constitute investment advice. Investors should make independent judgments based on different market conditions.
Financial Overview
Today, the main investor’s net inflow was -30.04 million yuan, accounting for 0.03% of the total. The company ranks 66 out of 67 in its industry, having seen a reduction in major investor holdings for three consecutive days. The overall industry reported a net outflow of 274 million yuan during the same period.
Recent Net Inflows
- Today: -30.04 million yuan
- Last 3 days: -278 million yuan
- Last 5 days: -330 million yuan
- Last 10 days: -1.785 billion yuan
- Last 20 days: -1.917 billion yuan
The main investor holdings indicate a lack of control over the stock, with a highly dispersed distribution of shares. The main transaction volume stands at 330 million yuan, representing 5.34% of the total transaction volume.
Technical Analysis
The average trading cost for the stock is 71.48 yuan. Recently, the focus on the stock has decreased. The current stock price is approaching a support level of 55.70 yuan. Investors should be cautious, as a drop below this support level may trigger a downward trend.
Company Profile
Yangguang Electric Co., Ltd. is located at 1699 Xiyou Road, High-tech Zone, Hefei City, Anhui Province. It was established on July 11, 2007, and went public on November 2, 2011. The company’s main business includes the research, development, production, sales, and service of power equipment for solar energy, wind energy, energy storage, and electric vehicles.
The revenue composition of the main business is as follows:
- 42.21% from photovoltaic inverters and other power electronic conversion devices
- 28.87% from new energy investment and development
- 25.20% from energy storage systems
- 2.19% from other sources
- 1.54% from photovoltaic power station generation
Yangguang Electric belongs to the Shenwan industry category of power equipment, specifically focusing on photovoltaic equipment and inverters. It is also part of various concept sectors, including value growth, cloud computing, Alibaba concepts, share buybacks, and the power IoT.
As of September 30, the number of shareholders in Yangguang Electric is 109,600, a decrease of 2.98% from the previous period. The average number of circulating shares per person is 14,501, an increase of 3.07%.
From January to September 2024, Yangguang Electric achieved a revenue of 49.946 billion yuan, reflecting a year-on-year growth of 7.61%. The net profit attributable to shareholders reached 7.600 billion yuan, an increase of 5.21%.
In terms of dividends, Yangguang Electric has distributed a total of 2.690 billion yuan since its A-share listing, with 1.907 billion yuan distributed over the past three years.
Institutional Holdings
As of September 30, 2024, the largest circulating shareholder among the top ten is Hong Kong Central Clearing Limited, holding 187 million shares, a decrease of 23.773 million shares compared to the previous period. The E Fund ChiNext ETF (159915) is the fourth largest shareholder, with 39.3784 million shares, an increase of 10.3767 million shares. The Huatai-PB CSI 300 ETF (510300) is the fifth largest, holding 28.2022 million shares, an increase of 10.8698 million shares. The E Fund CSI 300 ETF (510310) is the sixth largest, holding 18.5374 million shares as a new investor. The Huaan ChiNext 50 ETF (159949) ranks ninth, holding 12.4432 million shares, an increase of 714,900 shares. The Photovoltaic ETF (515790) is the tenth largest, with 12.26 million shares, a decrease of 1.3255 million shares. Tianhong CSI Photovoltaic A (011102) has exited the list of the top ten circulating shareholders.
Risk Warning: The market carries risks, and investors should exercise caution.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/sunshine-power-sees-0-84-decline-with-989-million-yuan-in-transactions-amid-recent-capital-outflow/
