Sunshine Power shares rose by 1.11%, with a transaction volume of 1.021 billion yuan on April 21. The turnover rate stood at 1.14%, and the total market capitalization reached 117.53 billion yuan. What opportunities might lie ahead?
Market Analysis: Sunshine Power is linked to the photovoltaic sector, along with concepts such as Ningde Times, new energy vehicles, and charging stations.
- Sunshine Power Co., Ltd. specializes in the research, development, production, sales, and services of new energy power equipment, including solar, wind, energy storage, and electric vehicle technologies.
- On September 20, 2022, the company announced a long-term strategic partnership with Ningde Times, indicating that its energy storage business will continue to grow rapidly.
- In the first half of 2022, the company shipped 220,000 units of its new energy vehicle drive systems, marking a 144% increase year-over-year.
- On June 16, 2022, it was disclosed that the company provided DC fast charging equipment for operators and AC charging stations and low-power DC charging products for end consumers.
Funds Analysis: Today, there was a net inflow of 6.4223 million yuan, accounting for 0.01% of the total, ranking 7th in the industry out of 67. Currently, there is no trend of continuous buying or selling by major investors, indicating a lack of clear direction. The industry saw a net outflow of 52.4237 million yuan, with three consecutive days of reduced positions by major funds.
Major Shareholding: The major shareholders do not control the stock, leading to a very dispersed share distribution. The transaction amount from major investors is 348 million yuan, representing 7.57% of the total transaction volume.
Technical Analysis: The average transaction cost for the stock is 71.11 yuan. Recently, there has been some accumulation of shares, but the strength of this accumulation is not strong. The stock price is currently near the support level of 55.70 yuan. Investors should monitor this support level closely, as a drop below it may trigger a downward trend.
Company Overview: Sunshine Power Co., Ltd. is located at 1699 Xiyou Road, High-tech Zone, Hefei, Anhui Province. It was established on July 11, 2007, and went public on November 2, 2011. The company focuses on R&D, production, sales, and services related to solar, wind, energy storage, and electric vehicle power equipment. Its revenue composition includes: 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, and 1.54% from photovoltaic power generation.
The company is classified under the Shenwan Industry category of power equipment – photovoltaic devices – inverters. Related concept sectors include digital economy, cloud computing, Ningde Times, electric vehicles, and power IoT.
As of September 30, the number of Sunshine Power shareholders stood at 109,600, a decrease of 2.98% from the previous period, with an average circulating share of 14,501, an increase of 3.07% from the last period. From January to September 2024, Sunshine Power achieved a revenue of 49.946 billion yuan, a year-on-year growth of 7.61%, while the net profit attributable to shareholders was 7.6 billion yuan, showing a year-on-year increase of 5.21%.
Dividend Information: Since going public, Sunshine Power has distributed a total of 2.690 billion yuan in dividends, with 1.907 billion yuan paid out in the last three years.
Institutional Holdings: As of September 30, 2024, the largest circulating shareholder among the top ten is the Hong Kong Central Clearing Limited, with 187 million shares, a decrease of 23.7731 million shares from the previous period. The E fund ChiNext ETF (159915) ranks as the fourth largest circulating shareholder, holding 39.3784 million shares, an increase of 10.3767 million shares from the last period. The Huatai-PB CSI 300 ETF (510300) is the fifth largest shareholder, holding 28.2022 million shares, an increase of 10.8698 million shares from the previous period. The E fund CSI 300 ETF (510310) ranks sixth, holding 18.5374 million shares, a new entry among shareholders. The Huaxin ChiNext 50 ETF (159949) is the ninth largest circulating shareholder, holding 12.4432 million shares, with an increase of 714,900 shares from the last period. The Photovoltaic ETF (515790) ranks tenth, holding 12.26 million shares, a decrease of 1.3255 million shares from the previous period. The Tianhong CSI Photovoltaic A (011102) has exited the top ten list of circulating shareholders.
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