Yuneng Technology Lists on Shanghai Stock Exchange’s Sci-Tech Innovation Board

PVTIME – On June 8, Yuneng Technology Co., Ltd. (688348.SH)(APsystems), a company engaged on production and commercialization of AC modules, commercial and residential solar system solutions, solar kits and micro-inverters for both on grid and off grid applications, today is officially listed on the Shanghai Stock Exchange’s Sci-Tech innovation board.

A total of 20 million shares were issued by the company at 163 yuan per share.

Today the price opened at 301.00 yuan and topped 311.00 yuan and finally closed at 290.10 yuan with a total market value of 23.21 billion yuan.

The company expects to achieve sales revenue of CNY 490 million to 530 million in the first half of 2022, a year on year increase of 81% to 96%, and the net profit is expected to be approximately CNY 115 million to 125 million, a year on year increase of 216% to 243%.