2026 first-quarter report is under pressure, Hiconics Eco-energy Technology (300048.SZ) is gearing up for a new round of growth.

Recently, Hiconics Eco-energy Technology (300048.SZ) disclosed its operating data for the first quarter of 2026, with a revenue of 1.679 billion yuan during that period. After achieving a turnaround and significant revenue growth in 2024, and sustained high growth in 2025, the company's first-quarter performance showed a temporary decline. According to industry analysts, the adjustment of the "331 photovoltaic component export tax refund policy" has led to a situation in the industry where component prices have risen and there is a temporary shortage of supply, directly leading to a narrowing of the profit margin in the photovoltaic business, delays in project completion and grid connection progress below expectations, impacting the business of Hiconics Eco-energy Technology and causing overall revenue in the first quarter to fall short of expectations. However, as component prices gradually return to a reasonable range, the short-term impact of the policy is expected to be alleviated in the second quarter, and the operating performance of Hiconics Eco-energy Technology is expected to recover. In addition, with emerging markets such as the Middle East becoming new growth points for Hiconics Eco-energy Technology's overseas business, customer development and orders are expected to be completed gradually. With the support of high-reliability technology capabilities for nuclear-grade inverters, Hiconics high-voltage inverters are expected to open up incremental space in multiple scenarios, bringing batch orders and growth opportunities. "Overall, the company's main business fundamentals remain solid, and there has been no fundamental change in the core business logic," the above-mentioned person said. According to the company's announcement, in the field of green energy solutions, Hiconics Eco-energy Technology is accelerating the sale of integrated energy construction, based on the resource advantages accumulated by the distributed photovoltaic business, rapidly expanding virtual power plants and electricity trading business, officially launching and operating the virtual power plant aggregation platform, and successfully connecting to the Anhui Province power trading center, achieving aggregated control and market-based trading of some distributed energy storage stations, pushing the company into the substantive operation stage of the "sale of integration." Relying on Midea Group Co., Ltd's ecological empowerment, Hiconics Eco-energy Technology has built a complete global market layout in the household energy storage field, deeply cultivating the two main markets of Europe and Australia, and simultaneously expanding its business map to Asia, the Middle East, Africa, and other regions. With the support of high electricity prices and subsidies in Europe, household energy storage demand is rapidly increasing, and Hiconics Eco-energy Technology's household energy storage orders are expected to continue to improve. In the domestic market, Hiconics Eco-energy Technology has launched the Meishu family green electricity solution, forming a synergistic development pattern in the domestic and overseas markets, driving stable growth in company orders. In the field of high-voltage inverters, with the rapid development of the nuclear power industry and the increasingly clear trend of equipment localization, the demand for special high-voltage inverters continues to expand. The company relies on its technical accumulation in high-end equipment for nuclear power and its first-mover advantage in localization to accurately enter the market window and drive rapid breakthroughs in orders. At the same time, the traditional industry's high-voltage inverter business is operating steadily, and its overall performance in various business lines is expected to show a stable and positive development trend. 2026 is an important year for Hiconics Eco-energy Technology's strategic transformation and business value realization. The three main business segments are progressing concurrently, the strategic layout is accelerating and landing, and the future performance is worth looking forward to.