Will Hemai’s share price break?

Maybe it will.

Hangzhou Hemai Power Electronics Technology Co., Ltd. (hereinafter referred to as "Hemai") ??was established in 2012. After reorganization in 2016, Hemai will own Hangzhou Hangkai Electric Technology Co., Ltd., Zhejiang Hangkai Photovoltaic Technology Co., Ltd., Zhejiang Jiangshan Jianghui Electric Co., Ltd. and more than 10 wholly-owned subsidiaries. It is a high-tech enterprise with power electronics technology as its core and integrating R&D, production, sales and service. It currently has more than 400 employees.

With the mission of building the world's most reliable photovoltaic power generation guardian, Hemai provides overall intelligent solutions and supporting equipment for large-scale ground photovoltaic power stations and distributed photovoltaic power stations. Projects are spread across the country, and core products are exported to the United States. , Germany, France, Australia and more than 30 countries. Hemai relies on the strong technical support of Zhejiang University to build an industry-leading corporate R&D team, and its micro-inverter technology with independent intellectual property rights leads the world. In response to the national call, Hemai focuses on rural photovoltaic poverty alleviation projects and combines environmental protection with public welfare. The smart home solar power generation brand it created - Hangkai Photovoltaic, is safer, more efficient and more stable than traditional power generation systems. advantages, and implement green and low-carbon development effectively.

Hemai faces the world, serves the world, pays attention to the personalized needs of the market, and provides customers with "three-hearted services" that are considerate, secure and worry-free. From solution design to customer training, from on-site service to regular return visits, Hemai provides a complete set of solutions to help customers achieve the optimal design of photovoltaic power stations and maximize power generation benefits.

On February 20, Hemai Shares (688032.SH) was listed on the Science and Technology Innovation Board, with an issue price of 557.8 yuan per share, setting a new high for A-shares. On that day, the share price of Hemai Co., Ltd. soared above 824 yuan per share, and the total market value once exceeded 30 billion yuan.

In the global photovoltaic market dominated by string and centralized inverters, Hemai's main micro-inverters are praised by some institutions as a "small but beautiful" golden track. As for whether the valuation is reasonable and other matters, Hemai Co., Ltd. did not respond to the reporter of China Business News. On December 24, a person from the company’s secretary-general office said, “Since the company has just gone public and is approaching the end of the year, the work is relatively busy and we are temporarily unable to meet the interview requirements.”

Nowadays, photovoltaic inverters are a hot topic. With performance support, it is easy to be sought after by the capital market. The microinverter market is a segmented market, and its current application volume is relatively limited. It is mainly distributed in developed markets with high electricity prices and component-level shutdown safety standards. As of December 24, Hemai's share price fell to 682.7 yuan per share, an increase of -8.39%, with a total market value of 27.3 billion yuan.