Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The "Three-Year Doubling" action plan for charging facilities has been implemented, which is expected to lead to a new round of investment in charging piles, benefiting all segments of the industry chain [8] - By the end of 2027, the plan aims to establish 28 million charging facilities nationwide, providing over 300 million kilowatts of public charging capacity to meet the charging needs of more than 80 million electric vehicles [5] - The report highlights significant growth in charging infrastructure, with a total of 17.348 million charging guns in China as of August 2025, representing a year-on-year increase of 53.5% [7] Summary by Sections Charging Infrastructure Development - The action plan sets specific growth targets for urban, highway, and rural charging networks, including the addition of 1.6 million DC charging guns in cities by 2027 [6] - The plan also includes the construction and renovation of 40,000 high-power charging guns at highway service areas and the establishment of 14,000 DC charging guns in rural areas [6] Market Opportunities - The report recommends specific companies for investment based on the action plan, including: - Charging piles: Recommended companies are Teruid and Green Energy Huichong; benefiting companies include Shenghong Co. and Zhida Technology - Charging modules: Recommended company is Tonghe Technology; benefiting companies include Youyou Green Energy and Yingkerui - Charging guns and cables: Benefiting companies include Yonggui Electric and Xinhongye - Charging operation and aggregation: Recommended company is Teruid; benefiting company is Langxin Group [8]

Group 1 - The National Development and Reform Commission has issued a plan to double the service capacity of electric vehicle charging facilities by 2027, aiming to establish 28 million charging facilities nationwide and provide over 300 million kilowatts of public charging capacity to meet the needs of over 80 million electric vehicles [1] - The plan emphasizes the construction of a public charging network primarily focused on fast charging, supplemented by slow charging and high-power charging, with a target of adding 1.6 million DC charging guns in urban areas by 2027, including 100,000 high-power charging guns [1] - Current fast charging stations typically operate at 60/120 kW, with advancements towards 240 kW, 360 kW, and 480 kW. However, the promotion of ultra-fast charging stations is slow due to high costs, limited grid capacity, and inconsistent construction standards [1] Group 2 - The manufacturing sector faces higher technical requirements due to the push for high-power charging, which will accelerate industry optimization. The end of domestic price wars, international expansion, and the iteration of high-power products are expected to benefit leading companies in the charging pile and module segments [2] - The increase in high-power charging facilities will enhance operational efficiency for charging operators, improving profitability. Future charging operation platforms are anticipated to explore profitable models such as demand response and virtual power plants [2] - The charging pile doubling initiative is projected to attract nearly 200 billion yuan in investment, benefiting various segments of the charging pile industry, including leading brands like Teruid, Green Energy Huichong, and Shenghong Shares, as well as concentrated charging module companies like Tonghe Technology and Yingkerui [2]

Market Overview - The other power equipment sector experienced a decline of 2.64% on the previous trading day, with Shanghai Electric leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Yingkerui (300713) with a closing price of 19.86, up 5.19% on a trading volume of 180,000 shares and a turnover of 361 million yuan [1] - Jinshi Technology (002951) closed at 15.31, up 3.80% with a trading volume of 100,400 shares and a turnover of 152 million yuan [1] - Major decliners included: - Shanghai Electric (601727) which closed at 10.14, down 5.85% with a trading volume of 8.29 million shares and a turnover of 8.7 billion yuan [2] - Kehua Education (002335) closed at 62.63, down 5.71% with a trading volume of 349,100 shares and a turnover of 2.27 billion yuan [2] Capital Flow - The other power equipment sector saw a net outflow of 1.26 billion yuan from institutional investors, while retail investors had a net inflow of 894 million yuan [2] - Specific stock capital flows indicated: - Dongfang Electric (600875) had a net inflow of 1.04 billion yuan from institutional investors [3] - Yingkerui (300713) recorded a net inflow of 863.39 million yuan from retail investors [3]

证券代码：600212 证券简称：绿能慧充 公告编号：2025-052 绿能慧充数字能源技术股份有限公司 关于股份回购进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/12/5 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 6,000万元~12,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | 累计已回购股数 | 871.94万股 | | 累计已回购股数占总股本比例 | 1.24% | | 累计已回购金额 | 7,119.32万元 | | 实际回购价格区间 | 6.75元/股~8.96元/股 | 一、回购股份的基本情况 公司于2024年12月3日召开公司十一届二十一次（临时）董事会会议，审议通 过了《关于以集中竞价交易方式回购股份方案的议案》。同意公司使用自有资金及 自筹资金通过集中竞价方式回购公司 ...

格隆汇10月10日丨绿能慧充(600212.SH)公布，截至2025年9月月底，公司已累计回购股份871.94万股， 占公司总股本的比例为1.24%，购买的最高价为8.96元/股、最低价为6.75元/股，已支付的总金额为 7119.32万元（不含交易佣金等交易费用）。 ...

Core Viewpoint - The company, Green Energy Smart Charging Technology Co., Ltd., has announced a share buyback plan aimed at utilizing its own and raised funds to enhance employee incentives and stock ownership plans [1] Summary by Sections Buyback Plan - The board of directors approved a share buyback plan on December 3, 2024, with a budget of 60 million to 120 million yuan, intending to repurchase shares at a price not exceeding 12 yuan per share [1] - The buyback period is set for a maximum of 12 months [1] Buyback Progress - As of September 30, 2025, the company has repurchased a total of 8.7194 million shares, which accounts for 1.24% of the total share capital [1] - The total amount spent on the buyback is 71.1932 million yuan, with the actual repurchase price ranging from 6.75 to 8.96 yuan per share [1] Future Plans - No shares were repurchased in September, but the company plans to repurchase shares as per regulations and will disclose information in a timely manner [1]

Group 1 - The domestic highway charging volume for new energy vehicles exceeded 61.85 million kilowatt-hours during the first seven days of the holiday, setting a historical record [1] - In Putian, Fujian, the number of visitors to Meizhou Island reached 150,000 during the holiday, with surrounding charging stations averaging 7,400 kilowatt-hours of charging per day, a 30% year-on-year increase, and 4.6 times the usual amount [1] - The number of searches for charging stations on national highways increased by over 12.5% on the day of the Mid-Autumn Festival, with a more than 25% increase from October 1 to 7 compared to the previous year [1] Group 2 - The charging pile market is shifting from a focus on speed and scale to a new phase of high-quality development, as indicated by recent industry policies [1] - The trend towards high power in charging stations necessitates upgrades in core components and equipment, with a shift from traditional IGBT to silicon carbide power devices to meet higher voltage and current requirements [1] - The charging pile industry is expected to accelerate the promotion of high-power supercharging facilities driven by policy direction [1] Group 3 - The domestic charging operation market is experiencing high prosperity due to the rapid increase in new energy vehicle ownership and battery capacity, with recommendations for leading companies such as Teruid (300001) and Wanma Co., Ltd. (002276) [2] - The stable increase in new charging piles supports the recommendation of leading charging module companies like Tonghe Technology (300491), with additional attention on Green Energy Huichong (600212), Shenghong Co., Ltd. (300693), and Colin Electric (603050) [2] - The acceleration of new public charging stations in the U.S. suggests a focus on overseas expansion for leading companies like Daotong Technology and Juhua Technology (300360) [2]

Group 1 - The core viewpoint of the news is the performance and business structure of Green Energy Hui Charge, which saw a stock price increase of 5.7% to 8.90 CNY per share, with a total market capitalization of 6.268 billion CNY [1] - Green Energy Hui Charge was established on December 14, 1992, and listed on August 17, 1999. The company is primarily engaged in railway dedicated line transportation and new energy charging and storage businesses [1] - The revenue composition of Green Energy Hui Charge includes: 79.44% from charging pile sales, 8.12% from engineering construction, 6.16% from energy storage, 2.05% from railway transportation, 1.72% from drone business, 1.28% from other (supplementary), 0.85% from charging business, and 0.38% from other businesses [1] Group 2 - Citic Securities Investment Fund has a significant holding in Green Energy Hui Charge, with the Citic Securities Smart Life A Fund (010282) holding 325,700 shares, accounting for 4.65% of the fund's net value, ranking as the tenth largest holding [2] - The Citic Securities Smart Life A Fund was established on November 4, 2020, with a latest scale of 36.0491 million CNY. The fund has experienced a loss of 6.3% this year, ranking 8151 out of 8173 in its category [2] - The fund manager of Citic Securities Smart Life A is Zhou Ziguang, who has been in the position for 8 years and 124 days, with the fund's total asset scale at 1.034 billion CNY [3]

公 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600212 证券简称：绿能慧充 公告编号：2025-051 绿能慧充数字能源技术股份有限公司 关于为全资子公司提供担保的进展 1、2025年9月16日，绿能慧充数字能源技术股份有限公司（以下简称"公司"）与渤海银行股份有限公司 西安分行签署了《最高额保证协议》，为绿能慧充数字技术有限公司（以下简称"西安子公司"）在该行 办理的综合授信业务提供3,000万元的连带责任担保。 ●担保对象及基本情况 2、2025年9月16日，公司与宁夏银行股份有限公司西安分行签署了《最高额保证合同》，为西安子公司 在该行办理的流动资金借款合同业务提供6,000 万元的连带责任担保。 （二）内部决策程序 根据公司第十一届第二十六次董事会会议及2024年年度股东大会审议通过《关于西安子公司2025年度申 请融资授信额度及对子公司提供担保的议案》，公司为西安子公司（含其全资子公司）不超过120,000 万元授信额度内贷款提 ...

证券日报网讯9月24日晚间，绿能慧充（600212）发布公告称，公司及子公司不存在违规对外担保、逾 期担保的情形。 ...