6 80.41-1.46 每日复盘 证券研究报告 2025 年 04 月 18 日 [Table_Title] 2025 年 4 月 18 日沪指收跌止步 8 连阳，两市成交额继续 缩量 报告要点： 2025 年 4 月 18 日沪指收跌止步 8 连阳，两市成交额继续缩量。上证指 数下跌 0.11%，深证成指上涨 0.23%，创业板指上涨 0.27%。市场成交额 9145.18 亿元，较上一交易日减少 848.18 亿元。全市场 2420 只个股上涨， 2776 只个股下跌。 风格上看，各指数涨跌幅排序为：金融>成长>0>周期>稳定>消费；大盘 价值>中盘价值>小盘价值>小盘成长>中盘成长>大盘成长；中证全指表现优 于基金重仓。 分行业看，30 个中信一级行业涨跌互现；表现相对靠前的是：通信 （1.70%），房地产（1.36%），综合金融（0.97%）；表现相对靠后的是：消费 者服务（-2.39%），纺织服装（-1.62%），农林牧渔（-1.53%）。概念板块方 面，多数概念板块上涨，昨日连板、6G、3D 玻璃等大幅上涨；抗菌面料、粮 食、预制菜等大幅走低。 资金筹码方面，主力资金 4 月 18 日净流出 1 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][6]. Core Viewpoints - The company achieved rapid growth in its performance, with a 20.50% year-on-year increase in revenue to 549.76 million yuan and an 11.09% increase in net profit attributable to shareholders, reaching 93.59 million yuan in 2024 [1][4]. - The company is a leading player in the renewable energy data development and application services sector, maintaining the largest service scale in power forecasting, with a total of 4,345 renewable energy plants served by the end of 2024 [2][3]. - The introduction of the "Four Available" requirements for distributed power stations by the National Energy Administration is expected to expand the market space for the company's power forecasting and control services [3]. Financial Performance Summary - In 2024, the company reported a revenue of 549.76 million yuan, a 20.50% increase from the previous year, and a net profit of 93.59 million yuan, reflecting an 11.09% growth [1][7]. - The forecast for revenue from 2025 to 2027 is projected to be 679.47 million yuan, 820.82 million yuan, and 976.33 million yuan, respectively, with net profits expected to reach 121.69 million yuan, 156.10 million yuan, and 192.15 million yuan [4][7]. - The company's earnings per share (EPS) are projected to grow from 1.21 yuan in 2025 to 1.92 yuan in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 52.36 to 33.16 over the same period [4][7].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][6]. Core Views - The company achieved rapid growth in its performance, with a 20.50% year-on-year increase in revenue to CNY 549.76 million and an 11.09% increase in net profit attributable to shareholders, reaching CNY 93.59 million in 2024 [1][4]. - The company is a leading player in the renewable energy data development and application services sector, maintaining the largest market share in power prediction services, with a total of 4,345 serviced power plants by the end of 2024 [2][3]. - The introduction of the "Four Available" requirements for distributed power stations by the National Energy Administration is expected to expand the company's market opportunities in power prediction and control services [3]. Financial Performance - The company's revenue for 2024 was CNY 549.76 million, with a year-on-year growth of 20.50%, while the net profit attributable to shareholders was CNY 93.59 million, reflecting an 11.09% increase [1][7]. - Forecasted revenues for 2025-2027 are CNY 679.47 million, CNY 820.82 million, and CNY 976.33 million, respectively, with net profits projected at CNY 121.69 million, CNY 156.10 million, and CNY 192.15 million [4][7]. - The company's earnings per share (EPS) are expected to grow from CNY 1.21 in 2025 to CNY 1.92 in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 52.36 to 33.16 [4][7]. Market Position and Growth Potential - The company has consistently increased its service scale in the renewable energy sector, with a net addition of 755 power plants in 2024, showcasing its competitive advantage in the industry [2][3]. - The implementation of new national standards for distributed photovoltaic power stations is anticipated to further enhance the company's service offerings and market reach [3].

证券研究报告 6 80.41-1.46 分行业看，30 个中信一级行业涨跌互现；表现相对靠前的是：房地产 （2.42%），建材（1.12%），轻工制造（1.04%）；表现相对靠后的是：综合金 融（-1.75%），汽车（-0.92%），有色金属（-0.47%）。概念板块方面，多数 概念板块上涨，昨日连板_含一字、昨日连板、昨日涨停_含一字等大幅上 涨；纳米银、数字阅读、电子后视镜等板块走低。 资金筹码方面，主力资金 4 月 17 日净流出 57.75 亿元。其中超大单净流 入 18.54 亿元，大单净流出 76.28 亿元，中单资金净流出 87.44 亿元，小单 持续净流入 155.23 亿元。 每日复盘 2025 年 04 月 17 日 [Table_Title] 2025 年 4 月 17 日市场低开回升，成交额跌破万亿 报告要点： 2025 年 4 月 17 日市场低开回升，成交额跌破万亿。上证指数上涨 0.13%，深证成指下跌 0.16%，创业板指上涨 0.09%。市场成交额 9993.36 亿 元，较上一交易日减少 1123.79 亿元。全市场 3164 只个股上涨，2062 只个 股下跌。 风格上看 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [5][7]. Core Insights - The company has secured a significant order worth 238 million RMB from LAZ Parking, the largest commercial parking operator in North America, to supply 50,000 commercial AC charging piles [2][3]. - The North American market for parking lot charging piles is projected to have a demand for nearly 1.8 million units, corresponding to a market size of up to 60 billion RMB, indicating substantial growth potential [3]. - The company is proactively addressing potential trade risks by increasing safety stock in the U.S. and planning to establish a factory in Mexico to mitigate tariff impacts [4]. Financial Projections - The company is expected to achieve revenues of 47.51 billion RMB, 56.44 billion RMB, and 65.84 billion RMB for the years 2025, 2026, and 2027, respectively [5][9]. - The projected net profit attributable to the parent company is forecasted to be 7.69 billion RMB, 9.26 billion RMB, and 10.91 billion RMB for the same years [5][9]. - Earnings per share (EPS) are estimated to be 1.70 RMB, 2.05 RMB, and 2.42 RMB for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 20.09, 16.68, and 14.16 [5][9].

证券研究报告 2025 年 04 月 16 日 6 80.41-1.46 每日复盘 [Table_Title] 2025 年 4 月 16 日市场全天探底回升，银行股持续走强 报告要点： 2025 年 4 月 16 日市场全天探底回升，银行股持续走强。上证指数上涨 0.26%，深证成指下跌 0.85%，创业板指下跌 1.21%。市场成交额 11117.15 亿 元，较上一交易日增加 346.76 亿元。全市场 1020 只个股上涨，4379 只个股 下跌。 资金筹码方面，主力资金 4 月 16 日净流出 442.60 亿元。其中超大单净 流出 206.63 亿元，大单净流出 235.96 亿元，中单资金净流入 25.56 亿元， 小单持续净流入 400.73 亿元。 风格上看，各指数涨跌幅排序为：稳定>金融>0>消费>周期>成长；大盘 价值>大盘成长>中盘价值>小盘价值>中盘成长>小盘成长；基金重仓表现优 于中证全指。 4 月 16 日，上证 50、沪深 300、中证 500 以及中证 1000 等 ETF 成交额 较上一交易日增加。华夏上证 50ETF、华泰柏瑞沪深 300ETF、嘉实沪深 300ETF、易 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][6]. Core Insights - The company achieved steady revenue growth in 2024, with total revenue reaching 783.43 million yuan, a year-on-year increase of 16.54%. The net profit attributable to shareholders was 268.57 million yuan, up 22.39% year-on-year [1]. - The company has a high dividend payout ratio, proposing a cash dividend of 0.75 yuan per share, totaling 89.438 million yuan, which represents a dividend payout ratio of 99.47% [1]. - The company has successfully implemented a large customer strategy, resulting in the acquisition of over 1,200 new clients in 2024, with a net promoter score of 76.9%, significantly above the industry average [2]. - The company is leveraging digital technology for comprehensive upgrades, including the development of AI-based educational tools [2]. Financial Performance Summary - In 2024, the company reported a revenue of 783.43 million yuan, with a year-on-year growth of 16.54% [5]. - The net profit attributable to shareholders for 2024 was 268.57 million yuan, reflecting a year-on-year increase of 22.39% [5]. - The company expects to achieve net profits of 310 million yuan, 356 million yuan, and 402 million yuan for the years 2025, 2026, and 2027, respectively [3]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 2.60 yuan, 2.99 yuan, and 3.37 yuan, respectively [3].

[Table_Title] 策略研究报告 证券研究报告 2025 年 04 月 16 日 融金聚力兴智造，九曲水阳竞奔流 ——"深耕安徽"系列专题报告之宣城篇 报告要点： 宣城市立足长三角区位优势，积极落实""2+3+4"产业链专班""七个一"工作 机制，聚焦汽车零部件和新能源两大主导产业，培育壮大""千亿产业"集群， 推动经济高质量发展，同时也带动了资本市场的繁荣。本报告重点关注宣城 两大主导产业，对相关产业在全国乃至世界的总体布局、技术趋势、市场趋势 进行分析，为企业家解读安徽省产业政策规划、为投资人挖掘产业投资机遇、 为政府机构梳理产业链上下游关键节点。 差异化布局，深度融入长三角新能源汽车产业链，打造全链体系 宣城汽车零部件产业作为城市主导产业，近年来实现跨越式发展，2024 年全 市汽车零部件产值高达 850 亿元，同比增长 20%，增速超宣城市地区生产总 值 14%以上，成为拉动区域经济增长的核心引擎之一。宣城市汽车零部件产 业通过差异化布局，深度融入长三角新能源汽车产业链，产业布局已覆盖从上 游模具、原材料加工到中游传动件、密封件、车身结构件，再到下游""三电" 系统" 电池、电机、电控）及智能 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][6]. Core Insights - The company achieved steady revenue growth in 2024, with total revenue reaching 783.43 million yuan, a year-on-year increase of 16.54%. The net profit attributable to shareholders was 268.57 million yuan, up 22.39% year-on-year [1]. - The company has a high dividend payout ratio, proposing a cash dividend of 0.75 yuan per share, totaling 89.44 million yuan, which represents a dividend payout ratio of 99.47% [1]. - The company has successfully implemented a large customer strategy, resulting in the acquisition of over 1,200 new clients in 2024, with a net promoter score of 76.9%, significantly above the industry average [2]. - The company is leveraging digital technology for comprehensive upgrades, including the development of AI-based educational tools [2]. Financial Performance Summary - In 2024, the company reported operating income of 783.43 million yuan, with a year-on-year growth of 16.54% [5]. - The net profit attributable to shareholders for 2024 was 268.57 million yuan, reflecting a year-on-year increase of 22.39% [5]. - The company forecasts net profits of 310 million yuan, 356 million yuan, and 402 million yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 2.60 yuan, 2.99 yuan, and 3.37 yuan [3][5]. - The projected P/E ratios for 2025, 2026, and 2027 are 15x, 13x, and 12x, respectively [3].

[Table_Title] 每日复盘 证券研究报告 2025 年 04 月 15 日 2025 年 4 月 15 日 A 股市场窄幅震荡，成交额不足 1.1 万 亿 报告要点： 2025 年 4 月 15 日 A 股市场窄幅震荡，成交额不足 1.1 万亿。上证指数 上涨 0.15%，深证成指下跌 0.27%，创业板指下跌 0.13%。市场成交额 10770.39 亿元，较上一交易日减少 2002.41 亿元。全市场 2444 只个股上涨， 2856 只个股下跌。 风格上看，各指数涨跌幅排序为：金融>消费>稳定>0>周期>成长；大盘 价值>中盘价值>小盘价值>大盘成长>小盘成长>中盘成长；中证全指表现优 于基金重仓。 分行业看，30 个中信一级行业涨跌互现；表现相对靠前的是：银行 （1.53%），家电（1.38%），纺织服装（1.17%）；表现相对靠后的是：国防军 工（-1.84%），消费者服务（-1.55%），钢铁（-0.98%）。概念板块方面，多 数概念板块下跌，昨日连板、ST 股、麒麟电池等板块上涨；环氧丙烷、 MLOps、3D 摄像头等大幅走低。 资金筹码方面，主力资金 4 月 15 日净流出 253. ...