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00:00:00","BUSINESS_REVIEW":"2026年上半年,全球户用储能市场延续增长态势,但市场竞争格局呈现分化特征。从市场需求端看,欧洲地区整体受能源价格波动及居民电价政策调整影响,户用储能装机需求保持一定韧性,乌克兰市场则受地缘政治影响对户储系统存在刚性需求；亚非拉地区受电力供应稳定性不足、可再生能源渗透率提升及储能系统成本下降等因素驱动,新兴市场逐步成为户用储能需求的重要增长区域。从供给端看,行业参与者数量持续增加,产品同质化竞争加剧,价格竞争较为激烈,品牌渠道能力和系统集成能力逐步成为竞争分化的关键因素。2026年上半年,公司实现营业收入1,064,109.67万元,较上年同期增长92.23%。归属于母公司股东的净利润271,749.95万元,较上年同期增长78.53%。扣除非经常损益后的归属于公司普通股股东的净利润为256,951.82万元,较上年同期增长75.81%。截至2026年6月30日,公司总资产为2,493,169.53万元,较上年同期增长25.24%；归属于上市公司股东所有者权益为1,148,576.31万元,较上年同期增长11.39%。（一）新能源业务公司依托逆变器产品的技术积累和渠道资源,向储能电池包及系统集成方向延伸,力求通过产品组合和协同销售提升综合竞争力。2026年上半年,逆变器产品实现营业收入513,231.43万元,占公司主营业务收入48.36%,较上年同期增长94.09%。储能电池包产品实现营业收入489,431.92万元,占公司主营业务收入46.12%,较上年同期增长244.12%。公司逆变器产品在户用光伏及储能安装商群体中积累的客户资源和渠道网络,为储能电池包产品的导入提供了销售基础；已采购公司逆变器的存量客户,在配置或升级储能系统时,对公司储能电池包的接受度和选配率相对较高。在系统集成方面,公司逆变器与储能电池包在通信协议、能量管理策略和安全保护机制方面完成系统适配,能够为终端用户提供即插即用的系统解决方案,降低安装调试成本,提升系统运行稳定性。公司将继续以逆变器与储能电池包的协同销售作为户用储能业务的重要增长路径,通过产品系统化设计和渠道一体化运营持续推动配套销售比例提升。2026年上半年公司总计销售115.30万台逆变器,其中户用储能逆变器57.03万台,工商储6.05万台。研发端聚焦第六代一体机量产及第七代小型化储备,同时推进250kW大功率PCS及固态变压器（SST）项目,实现低压升降压及便携式储能量产,并补齐工商业液冷电池产品线,重点优化SOC均衡算法,以改善售后体验。供应链生产端上半年受PCB及芯片紧缺影响,通过国产替代和提前备货保障了交付。生产制造坚持自主设计兼容线体,换产时间从行业标准的45天缩短至7-10天。同时,将落地大物流自动化项目,以提升发货效率。（二）除湿机为主的环境电器系列2026年上半年,除湿机产品实现营业收入35,455.72万元,占公司主营业务收入3.34%,较上年同期下降13.00%。由于产品同质化竞争加剧,海外客户下单滞后,除湿机整体销售较上年有所下滑,但是公司除湿机产品仍保持线上单品冠军的好成绩。产品端集中推出S1、P40、V60Max三款家用除湿机新品,其中P40双变频智能除湿机作为上半年重磅新品,主打大空间强效除湿与节能静音体验；V60Max作为经典款V58的升级机型,针对除湿效率、节能轻音与智能交互优化升级；三款产品精准覆盖小户型刚需、大空间强效除湿等多元场景,完善全价位段产品矩阵,为市场增长注入核心动力。渠道端在巩固主流电商阵地优势的同时,重点开拓跨境电商与微信视频号两大新赛道,跨境业务稳步布局海外市场,视频号打通私域流量转化链路,构建全域销售体系,释放全新增长势能。品牌端先后落地3月淘宝闪购首家线上线下联动营销活动,携全系列产品重磅亮相AWE家电博览会,既实现流量与销量双向转化,也充分展现技术实力与品牌形象,夯实行业影响力。"}]}