The turning point of fundamental improvement has been established, with many securities firms optimistic about the growth prospects of Shenzhen Hello Tech Energy (301327.SZ).

date
16/05/2024
avatar
GMT Eight
ch Energy Shenzhen Hello Tech Energy2140 Shenzhen Hello Tech Energy Shenzhen Hello Tech EnergyCh Energy successfully launched the first generation of fixed home energy storage products, achieving integration from photovoltaic power generation to electrochemical energy storage. This also marks further improvement of the company's product matrix. It is understood that fixed installation home storage has already been listed in the United States, and DIY home energy storage is expected to be launched this year and will be listed in Europe. It can be expected that home energy storage products will open up vast growth opportunities for the company.At the same time, the new channel expansion of Shenzhen Hello Tech Energy is also accelerating. On the basis of consolidating its position on online sales platforms such as Amazon, Shenzhen Hello Tech Energy's offline channels have also made significant progress. Data shows that by the end of 2023, the revenue generated from offline sales accounted for 25.9%, a steady increase compared to previous years. In the next 2-3 years, Shenzhen Hello Tech Energy will continue to develop offline channels as a key strategic goal, with a focus on the core markets of the United States and Japan. While pursuing an increase in the number of offline channels, they will also pay more attention to improving the product's sales conversion rate after entering the store. In terms of emerging markets, Shenzhen Hello Tech Energy is continuously investing resources to cultivate markets in China, Southeast Asia, and Latin America to explore growth opportunities. In 2023, revenue from domestic sources increased by 7.27% to 203 million yuan, accounting for 8.76% of revenue, demonstrating strong operational resilience and growth potential even in challenging market environments. As the company's business in emerging markets gradually gains momentum, it may bring considerable performance growth to Shenzhen Hello Tech Energy. With a turning point in fundamentals and ample room for growth, it is no wonder that Shenzhen Hello Tech Energy has recently attracted intensive research from institutions. On April 28th, Shenzhen Hello Tech Energy received research visits from several well-known institutions including Juming Investment. Similarly, since the end of April, many brokerage firms such as Huafu Securities, Western Securities, Great Wall Guorui Securities, CMSC, and GF SEC have released research reports, all showing optimism towards Shenzhen Hello Tech Energy. Considering these signs, it is expected that the company's performance will return to a rapid growth trajectory, and the investment value of Shenzhen Hello Tech Energy is likely to be reassessed.

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