Recently, GoodWe disclosed its first quarter report for 2024. The company achieved revenue of 1.126 billion yuan in the first quarter of 2024, a year-on-year decrease of 34.5%; The net profit loss attributable to the parent company was 29 million yuan, turning from profit to loss.
GoodWe was listed on the STAR Market in September 2020, and a recent private placement of 2.5 billion yuan expired because it did not raise funds within the validity period of the approval.
Xinphi data shows that with the increase in previous performance and the rise in stock price, the company's directors, supervisors and senior executives have accurately reduced their holdings at the high level of the stock price. Taking July 2022 as an example, the total number of shares reduced by the company's directors reached 331,100 shares. In July 2023, after GoodWe's share price declined significantly, the company's directors, supervisors and senior executives increased their holdings, totaling about 215,300 shares.
In the first quarter, revenue and profit both declined
GoodWe is a high-tech enterprise integrating independent research and development, production, sales and service based on the conversion of new energy power supply equipment, energy storage conversion and energy management.
GoodWe is one of the 50 constituent stocks of the CSI PV Industry Index.
In 2023, GoodWe will achieve revenue of 7.353 billion yuan, a year-on-year increase of 56.1%; The net profit attributable to the parent company was 852 million yuan, a year-on-year increase of 31.24%.
In the first quarter of 2024, GoodWe achieved revenue of 1.126 billion yuan, a year-on-year decrease of 34.5%; The net profit loss attributable to the parent company was 29 million yuan, turning from profit to loss. The company said that the decline in net profit attributable to the parent company was mainly due to the change in the company's sales structure, and the proportion of export revenue with relatively high gross profit margin decreased significantly; In addition, due to the limited scale of revenue, the company's scale efficiency is insufficient, and the rate of each period has increased significantly compared with the same period last year.
The initial offering raised 834 million yuan, and the fixed increase of 2.5 billion yuan expired
GoodWe was listed on the Science and Technology Innovation Board in September 2020, raising 834 million yuan in its initial offering. The raised funds are mainly used for GoodWe Power Technology (Guangde) Co., Ltd.'s smart photovoltaic inverter and other energy management system product production projects (Phase II), Suzhou High-tech Zone listed enterprise headquarters park plot Jiangsu GoodWe Power Technology Co., Ltd.'s new smart energy R&D building project, global marketing and service system infrastructure projects, and replenishment of working capital.
ACCORDING TO THE DATA, GOODWE DISCLOSED THE FIXED INCREASE PLAN IN 2022, PLANNING TO RAISE ABOUT 2.5 BILLION YUAN FOR THE CONSTRUCTION PROJECT OF THE ANNUAL OUTPUT OF 20GW GRID-CONNECTED INVERTER AND 2.7GWH ENERGY STORAGE BATTERY PRODUCTION BASE, THE ANNUAL OUTPUT OF 20GW GRID-CONNECTED, ENERGY STORAGE INVERTER AND 1.8GWH ENERGY STORAGE BATTERY PRODUCTION BASE CONSTRUCTION PROJECT AND SUPPLEMENTARY WORKING CAPITAL, WHICH WAS APPROVED IN FEBRUARY 2023. After the approval of the private placement, GoodWe did not implement the private placement within the validity period of the approval, and the approval of the private placement will expire in January 2024.
In the past year, the stock price has fallen sharply, and the directors and supervisors have bought high and low
GoodWe was listed at a price of 37.93 yuan per share, and the stock price closed at 135 yuan per share on the first day of listing. Benefiting from the steady growth of performance, the company's stock price volatility increased after listing, reaching a high point in July 2021.
The analysis found that the company's directors, supervisors and senior executives had accurately reduced their holdings at a relatively high stock price. Taking July 2022 as an example, GoodWe's share price was at a relatively high level, and the company's directors Lu Jinjun and Fang Gang concentrated on reducing their holdings during this period, with a total of 331,100 shares and a total reduction of more than 122 million yuan.
Since 2023, the stock price of photovoltaic industry stocks has declined, and the growth rate of GoodWe's performance has also declined, and the company's stock price has been declining since March. In July 2023, the company's directors, supervisors and senior executives increased their holdings at a relatively low stock price, totaling about 215,300 shares.
(Article Serial Number: 1788512210847404032)
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