Hoymiles Power Electronics Inc.: Slower sales growth leads to a double decrease in Q1 revenue and net profit, with stock prices plummeting significantly due to multiple factors | Direct hit on performance meeting

Power Electronics Inc. 521Hoymiles Power Electronics Inc.40 Hoymiles Power Electronics Inc.Power Electronics Inc. stated that it plans to issue no more than 10 million shares, raising a total of no more than 55792.39 million yuan, equivalent to 55.79 yuan per share. However, among the quotes provided by various institutions, most of them are above 400 yuan per share, with some even offering a high price of 798 yuan per share, except for a few that offered below one hundred yuan.On December 20, 2021, Hoymiles Power Electronics Inc. was listed with an issue price as high as 557.8 yuan per share, which is 10 times the originally planned price and has become the A-share company with the highest issue price. The issue price-earnings ratio is as high as 225.94 times, and is referred to by investors as the "most expensive new stock". After going public, accompanied by the prosperity of the photovoltaic industry, Hoymiles Power Electronics Inc. not only experienced a sharp rise, but also reached the mark of over 1000 yuan per share. On September 7, 2022, the stock price of Hoymiles Power Electronics Inc. once reached a historical high of 1338.88 yuan per share, ranking second only to the stock king Kweichow Moutai (600519.SH). However, Hoymiles Power Electronics Inc. gradually fell from its peak. As of May 21, Hoymiles Power Electronics Inc. reported a stock price of 240.62 yuan per share, with a total market value shrinking to 20 billion yuan. Based on the post-adjusted statistics, the latest stock price of Hoymiles Power Electronics Inc. has dropped by nearly 70% from the highest point. During the performance briefing, Yang Bo responded that stock price fluctuations are influenced by multiple factors such as macro policies and market conditions, and the company's operations are currently normal. Yang Bo also mentioned that the company disclosed the "2024 'Quality Improvement, Efficiency Enhancement, and Return' Action Plan" on April 29, 2024, and the company's management and all employees will make every effort to carry out various businesses and enhance the company's core competitiveness to create value for shareholders. (This article was first published on Securities Star, Author | Liu Fengru) This article is reproduced from "Securities Star", written by Liu Fengru.