Shangneng Electric experienced a decline of 2.02% in its stock price, with a trading volume of 1.87 billion yuan and a net outflow of 12.37 million yuan from primary capital on March 24. By 1:16 PM, the stock was priced at 30.49 yuan per share, resulting in a turnover rate of 2.34% and a total market capitalization of 10.963 billion yuan.
In terms of capital flow, the primary capital saw a net outflow of 12.37 million yuan, with large orders accounting for 3.29 million yuan in purchases (representing 1.76%) and 2.24 million yuan in sales (about 1.20%). Additionally, larger orders amounted to 29.81 million yuan in purchases (making up 15.95%) while sales reached 43.24 million yuan (about 23.13%).
Since the beginning of this year, Shangneng Electric’s stock has decreased by 30.55%. Over the last five trading days, it has fallen by 2.90%, and in the past twenty days, it has lost 11.24%. In the last sixty days, the drop has been significant at 35.33%.
Shangneng Electric Co., Ltd. is located at 6 Hehui Road, Huishan District, Wuxi City, Jiangsu Province. It was established on March 30, 2012, and went public on April 10, 2020. The company’s primary business focuses on the research, production, and sale of power electronics equipment. Its revenue breakdown is as follows: 71.83% from photovoltaic inverters, 26.34% from energy storage bidirectional converters and system integration products, 1.19% from power quality management products, 0.45% from spare parts and technical services, and 0.19% from others.
Shangneng Electric is categorized under the Shenwan Industry as part of the Power Equipment – Photovoltaic Equipment – Inverters sector. It is associated with several conceptual sectors, including margin financing and securities lending, new energy, ultra-high voltage, mid-cap, and energy storage.
As of September 30, 2024, the number of shareholders in Shangneng Electric stood at 30,400, a decrease of 21.88% from the previous period. The average number of circulating shares per person increased by 28.03% to 8,494 shares.
From January to September 2024, Shangneng Electric reported a revenue of 3.069 billion yuan, which reflects a decrease of 7.30% year-on-year. However, the net profit attributable to the parent company increased by 44.82% to 302 million yuan. In terms of dividends, Shangneng Electric has distributed a total of 87.4317 million yuan since its A-share listing, with 72.765 million yuan distributed over the past three years.
Regarding institutional holdings, as of September 30, 2024, GF Advanced Manufacturing Stock A (004997) ranked as the third-largest circulating shareholder, holding 9.8818 million shares, an increase of 6.8014 million shares from the previous period. Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder with 3.9591 million shares, marking a new entry. China Europe Alpha Mixed A (009776) is the eighth-largest circulating shareholder with 3.5484 million shares, also a new addition.
