证券代码：920062 证券简称：科润智控 公告编号：2026-010 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 为有效降低大宗商品市场风险，对冲主要原材料价格波动对公司生产经营的影 响，科润智能控制股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日召开第四 届董事会第十七次会议，审议通过了《关于开展商品期货套期保值业务的议案》，同 意公司继续使用自有资金开展商品期货套期保值业务。现将相关可行性分析说明如 下： 一、 开展商品期货套期保值业务的目的 公司主营业务为电力设备的研发、制造与销售，铜和热卷板是公司主要原材料， 为了规避铜和热卷板的价格波动造成的产品成本波动，借助期货市场的价格发现、 风险对冲功能，保证产品成本的相对稳定，进而维护公司正常生产经营成本的稳定 性。 公司开展商品期货套期保值业务主要目的是对生产经营成本进行风险控制，不 进行以逐利为目的的任何投机交易。 二、 商品期货套期保值业务主要涉及品种 公司开展商品套期保值业务的期货期权品种仅限于与公司生产经营有直接关系 的 ...

证券代码：920062 证券简称：科润智控 公告编号：2026-005 1.会议召开时间：2026 年 2 月 6 日 2.会议召开地点：公司会议室 科润智能控制股份有限公司 第四届董事会第十七次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 3.会议召开方式：现场结合通讯 4.发出董事会会议通知的时间和方式：2026 年 2 月 3 日以通讯和书面方式发 出 5.会议主持人：董事长王荣先生 6.会议列席人员：其他高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、表决程序等方面符合《中华人民共和国公司法》和 《公司章程》的有关规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事刘杰、冯震远、潘自强因工作以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于修订<商品期货套期保值业务管理制度><外汇套期保值业 务管理制度>的议案》 1.议案内容： 根据《公司法》《中华人民共和国证券法》《上市公 ...

Group 1 - The report highlights the recent issuance of a notification by the National Development and Reform Commission and the National Energy Administration to improve the capacity pricing mechanism for power generation, which aims to adapt to the needs of the new power system and market structure [6][9]. - As of the end of 2025, China's cumulative installed capacity of new energy storage is expected to reach 213.3 GW, representing a year-on-year growth of 54%. The market share of lithium-ion batteries in new energy storage is projected to increase significantly from 8.2% at the end of the 13th Five-Year Plan to 65.8% by the end of the 14th Five-Year Plan [12][19]. - The report identifies 13 core companies in the energy storage industry chain listed on the Beijing Stock Exchange, including Changhong Energy, Haixi Communication, and others, which are involved in various aspects of energy storage technology and products [28][29]. Group 2 - The median price-to-earnings (P/E) ratio for the new energy industry on the Beijing Stock Exchange has decreased from 37.1X to 35.9X, with the median market capitalization dropping from 27.2 billion to 24.2 billion [31][32]. - The report notes that the median P/E ratio for electronic equipment companies on the Beijing Stock Exchange has declined from 65.8X to 61.1X, indicating a shift in market valuation trends [31][32]. - The report indicates that the median P/E ratio for mechanical equipment companies has decreased from 44.6X to 42.3X, reflecting changes in investor sentiment and market conditions [31][32].

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 证券代码：920062 证券简称：科润智控 公告编号：2026-004 一、本期业绩预告情况 (一)业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 科润智能控制股份有限公司 2025 年年度业绩预告公告 二、本期业绩重大变化的主要原因 报告期内，公司预计归属于上市公司股东的净利润同比下降 58.00%～ 65.00%，主要原因如下： 1.电力设备行业竞争加剧，产品毛利率承压，进而引致利润下滑。一方面， 铜材等核心原材料价格高位震荡上行，成本端面临刚性增长压力；另一方面，公 司主要通过招投标、竞争性谈判等方式获取订单，产品售价变动较原材料价格波 动存在一定滞后性，进一步压缩利润空间。 2.公司积极推进市场拓展与产品创新，加大新产品研发投入与市场推广力 度， ...

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a focus on sectors with high growth potential and policy support, indicating a positive outlook for certain segments [3]. Core Insights - The market is driven by dual factors of policy direction and earnings certainty, particularly in sectors like ultra-high voltage and power grid equipment, which are benefiting from a significant investment plan by the State Grid [3]. - The commercial aerospace sector is showing signs of stability due to technological breakthroughs, which are attracting investment into specialized companies [3]. - Short-term focus should be on the implementation pace of State Grid investments and the progress of commercial aerospace technology, as these will directly impact the valuation elasticity of high-end manufacturing sectors [3]. - Long-term potential exists for the North Exchange as a platform for specialized and innovative enterprises, with a focus on balancing growth and valuation [3]. Summary by Sections Market Review - On January 19, the North Exchange A-share trading volume reached 240.3 billion yuan, a decrease of 64.0 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1548.63, up 0.02% [8][13]. - Among 288 companies listed, 118 saw an increase in stock price, while 163 experienced a decline [15]. Key News - The National Bureau of Statistics reported a GDP growth of 5% for 2025, with the total GDP reaching 1,401,879 billion yuan [2]. - Concerns are rising over potential supply shortages of high-speed SSD controller chips due to increased demand driven by AI applications [18]. Company Announcements - Tai Kai Ying announced the lifting of restrictions on 15,275,901 shares, representing 6.91% of its total share capital, effective January 22, 2026 [19]. - Hua Wei Design also announced the lifting of restrictions on 287,850 shares, representing 0.2792% of its total share capital, effective January 22, 2026 [23].

Core Insights - As of January 19, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 9.112 billion yuan, an increase of 131 million yuan from the previous trading day [1] - The stocks with the highest margin financing balances include Jinbo Biological, Better Energy, and Shuguang Digital Innovation, with balances of 406 million yuan, 337 million yuan, and 295 million yuan respectively [1] - A total of 149 stocks had net margin purchases on January 19, with 45 stocks having net purchases exceeding 1 million yuan, led by Kaide Quartz with a net purchase of 55.3185 million yuan [1][2] Industry Analysis - The industries with the highest concentration of stocks that received net margin purchases over 1 million yuan include machinery equipment, electric power equipment, and automotive, with 11, 9, and 5 stocks respectively [2] - On January 19, stocks with net margin purchases over 1 million yuan had an average increase of 1.34%, with notable gainers including Yinen Electric, Can Energy, and Tietuo Machinery, which rose by 29.96%, 17.72%, and 13.10% respectively [2] - The average turnover rate for stocks with net margin purchases over 1 million yuan was 4.85%, with the highest turnover rates seen in Yinen Electric, Can Energy, and Tietuo Machinery at 36.06%, 32.93%, and 24.34% respectively [2] Stock Performance - The stocks with the largest increases in margin financing balances on January 19 included Kaide Quartz, Kairun Intelligent Control, and Hengtong Light, with increases of 55.3185 million yuan, 31.7536 million yuan, and 23.2118 million yuan respectively [2][3] - Stocks with significant net margin sales included Meideng Technology, Minshida, and Tongli Co., with net sales of 12.9811 million yuan, 7.1840 million yuan, and 6.5207 million yuan respectively [1] - The performance of stocks with increased margin financing balances varied, with some experiencing declines, such as Hengtong Light, which fell by 6.48% [2][3]

Group 1 - The A-share market's smart grid concept stocks continue to perform strongly, with Wan Sheng Intelligent approaching a 20% limit up, and Can Energy Power rising over 13% [1] - The investment in China's power grid during the 14th Five-Year Plan is expected to reach 4 trillion yuan, a 40% increase compared to the previous plan, with annual investments around 1 trillion yuan during the 15th Five-Year Plan [1] - The investment forecast for State Grid and Southern Grid in 2026 is expected to reach 700 billion yuan and 189 billion yuan, respectively, with year-on-year growth of 7.6% and 8.0% [1] Group 2 - European data centers are accelerating construction, revealing power supply and demand contradictions, which further stimulate the demand for offshore wind and power interconnection [1] - The continuous high growth in the demand for European grid renovation is beneficial for main grid transformers and switches [1] Group 3 - The stock performance of various companies in the smart grid sector shows significant increases, with Wan Sheng Intelligent up by 19.44%, Can Energy Power by 13.45%, and He Shun Electric by 12.49% [2] - The total market capitalization of Wan Sheng Intelligent is 7.876 billion yuan, while Can Energy Power stands at 2.447 billion yuan [2] - The year-to-date performance of these stocks indicates strong growth, with Wan Sheng Intelligent at 46.38% and Can Energy Power at 35.06% [2]

证券代码：920062 证券简称：科润智控 公告编号：2026-003 科润智能控制股份有限公司 涉及会计师事务所提供的资料、信息，会计师事务所保证其提供、报送或披 露的资料、信息真实、准确、完整，不得有虚假记载、误导性陈述或者重大遗漏。 科润智能控制股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开 第四届董事会第十次会议及第四届监事会第八次会议，于 2025 年 5 月 20 日召开 2024 年年度股东会，审议通过《关于续聘会计师事务所的议案》，同意聘任天 健会计师事务（特殊普通合伙）为公司 2025 年度审计机构。具体内容详见公司 于 2025 年 4 月 29 日在北京证券交易所信息披露平台（www.bse.cn）上披露的 《拟续聘 2025 年度会计师事务所公告》（公告编号：2025-047）。 近日，公司收到天健会计师事务所（特殊普通合伙）出具的《关于变更签字 注册会计师和项目质量复核人的函》，现将具体情况公告如下： 一、本次变更的基本情况 天健会计师事务所（特殊普通合伙）受聘为公司 2025 年度审计机构，原指 派梁志勇（项目合伙人）、方家元作为签字注册会计师，丁晓燕作为项 ...

（上述人员简历详见附件） 二、证券事务代表离任的基本情况 本公司叶凯嘉女士，因个人原因辞任，自 2025 年 12 月 30 日起不再担任证券事务 代表。该人员持有公司股份 0 股，占公司股本的 0%，不是失信联合惩戒对象，离任后 不再担任公司及其控股子公司其它职务，不存在未履行完毕的公开承诺。 三、合规性说明及影响 证券代码：920062 证券简称：科润智控 公告编号：2026-002 科润智能控制股份有限公司证券事务代表变动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、证券事务代表任命的基本情况 鉴于科润智能控制股份有限公司（以下简称"公司"）原证券事务代表叶凯嘉女士 于近日向公司提交了辞职申请，申请辞去公司证券事务代表职务。公司于 2025 年 12 月 30 日召开了第四届董事会第十六次会议，审议通过了《关于变更聘任公司证券事务 代表的议案》。 聘任宋雪女士为公司证券事务代表，任职期限至第四届董事会任期届满之日止，自 2025 年 12 月 30 日起生效。该人员持有公司股份 0 股， ...

证券代码：920062 证券简称：科润智控 公告编号：2026-001 科润智能控制股份有限公司 （一）会议召开情况 1.会议召开时间：2025 年 12 月 30 日 2.会议召开地点：公司会议室 3.会议召开方式：现场结合通讯 4.发出董事会会议通知的时间和方式：2025 年 12 月 25 日以通讯和书面方式 发出 第四届董事会第十六次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事刘杰、冯震远、潘自强因工作以通讯方式参与表决。 二、议案审议情况 审议通过《关于变更聘任公司证券事务代表的议案》 1.议案内容： 鉴于公司原证券事务代表叶凯嘉女士于近日向公司提交了辞职申请，申请辞 去公司证券事务代表职务，拟聘任宋雪女士为公司证券事务代表，任职期限至第 四届董事会任期届满之日止，自 2025 年 12 月 30 日起生效。 具体内容详见公司同日在北京证券交易所信息披露平台（www.bse.cn）披露 的《证券 ...