报告期内，与上年同期相比，公司主营业务收入减少，归属于母公司所有者的净利润亦减少。公司业绩 预亏的主要原因如下：（一）报告期内公司营业收入下降约15,000万元。因国际经济形势复杂多变，公 司国际业务中断，以及裁员对生产经营的冲击，进而公司上半年在手订单交付情况未达预期；公司从下 半年开始陆续恢复产品交付，收入较上半年有所上升，但全年收入仍较去年有所下降；（二）报告期内 公司积极调整业务结构，优化人员配置，致使管理费用中的辞退福利增加约1,100万元。 格隆汇1月28日丨动力源(600405.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司所 有者的净利润为-29,000万元到-27,000万元，与上年度相比将继续亏损。公司业绩预计2025年度实现归 属于母公司所有者的扣除非经常性损益后的净利润为-29,500万元到-27,500万元。 ...

格隆汇1月28日｜动力源公告，预计2025年年度实现归属于母公司所有者的净利润为亏损2.9亿元到2.7亿 元。公司业绩预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润为亏损2.95亿元到 2.75亿元。报告期内，与上年同期相比，公司主营业务收入减少，归属于母公司所有者的净利润亦减 少。 ...

证券日报网讯1月23日，动力源在互动平台回答投资者提问时表示，截至2025年9月30日，公司股东人数 为64530户。 ...

Core Viewpoint - The Jinan Municipal Bureau of Landscaping and Forestry is committed to ecological protection and high-quality development in the Yellow River Basin, focusing on enhancing urban greenery and improving citizens' quality of life through various projects and initiatives [2][3]. Group 1: Ecological Restoration and Urban Development - Ecological restoration is recognized as a crucial support for promoting high-quality urban development, with a focus on creating a modern, resilient, and beautiful city [3]. - Jinan has 872 mountains, with 98 located within the city limits, leading to a unique "one city, one mountain" landscape. The city has implemented 92 open mountain parks and 342 kilometers of greenways, benefiting both ecological protection and public welfare [3]. - The "One City, One Mountain" ecological restoration project has been recognized as a typical case of urban renewal by the Ministry of Housing and Urban-Rural Development, making it a model for ecological restoration in the province [3]. Group 2: Wetland and Biodiversity Conservation - Baiyun Lake has been designated as a national important wetland, being the first in Jinan and the only one in the province in this batch. It covers an area of 1,354.36 hectares and is a rare spring-fed wetland in northern China [5]. - The ecological restoration efforts at Baiyun Lake have led to an increase in plant species to 223 and bird species to 145, showcasing a successful model of harmonious coexistence between humans and nature [5]. Group 3: Public Health and Fitness Initiatives - The city is enhancing public parks with a focus on fitness, having constructed 11,000 meters of smart fitness trails in major parks, integrating technology to improve user experience [6]. - The initiative aims to transform parks into multifunctional spaces for fitness, entertainment, and social interaction, promoting a healthier lifestyle among citizens [6]. Group 4: Community Green Spaces - Jinan is actively creating "community parks" and "people's gardens" to enhance urban green space accessibility, achieving the goal of having green areas within 300 meters and parks within 500 meters of residents [9][10]. - In 2025, the city exceeded its target by adding 210 new green spaces, including 32 new parks and 114 shared green areas, contributing to a balanced and high-quality urban park system [9]. Group 5: Future Development Plans - The Jinan Municipal Bureau of Landscaping and Forestry plans to deepen the "People's Garden, Community Park" brand and accelerate the construction of a comprehensive green landscape that connects mountains and rivers, enhancing urban beauty and residents' happiness [10].

Group 1 - The Shanghai Composite Index is at 4108.66 points, slightly down by 0.42%, with a total trading volume of 23623.15 billion yuan [1] - A total of 43 A-shares have surpassed their annual line today, with notable stocks showing significant deviation rates including Guangming Real Estate at 8.90%, Shenyu Co. at 6.99%, and Keheng Co. at 6.61% [1] - The stocks that have just crossed the annual line with smaller deviation rates include Ruipu Biotech, Yingtai Biotech, and Shanghai Phoenix [1] Group 2 - The top three stocks with the highest deviation rates from the annual line are: - Guangming Real Estate: 10.09% increase, trading at 3.82 yuan, with a deviation rate of 8.90% [1] - Shenyu Co.: 11.58% increase, trading at 43.08 yuan, with a deviation rate of 6.99% [1] - Keheng Co.: 11.72% increase, trading at 14.11 yuan, with a deviation rate of 6.61% [1] - Other notable stocks with significant increases include: - Shanghai Ailuo: 5.92% increase, trading at 9.31 yuan, with a deviation rate of 5.53% [1] - Lingpai Technology: 11.44% increase, trading at 31.47 yuan, with a deviation rate of 3.93% [1]

Group 1 - Guodian NARI (600406) is a state-owned enterprise based in Nanjing, recognized as a benchmark for scientific reform among central enterprises, with a strong research and development system and significant achievements in grid technology [1] - The company has a market share of over 75% in dispatch automation systems and over 50% in UHV converter valves, with its products addressing grid stability issues caused by renewable energy generation [1] - The demand for AI computing power and electricity is driving the construction of new power systems, and the company is expanding its overseas business, exporting products like distribution transformers to multiple countries [1] Group 2 - Suyuan Electric (002028) is a comprehensive supplier of power transmission and distribution based in Shanghai, focusing on UHV and energy storage sectors, and is the largest manufacturer of high-voltage packages and coils in China [2] - The company expects 60% of its overseas revenue in 2024 to come from transformers, with overseas orders growing over 50% and a remarkable 89% growth in the first half of 2025 [2] - The surge in demand for high-voltage transmission and distribution equipment driven by AI computing centers and new energy projects presents significant growth opportunities for the company [2] Group 3 - China XD Electric (601179) is a state-owned enterprise based in Xi'an, specializing in high and ultra-high voltage transformers and power transmission and distribution equipment, capable of producing products across a voltage range of 10kV to 1000kV [3] - The company has a significant market share in UHV projects and has seen an increase in exports to Europe, with its technology reaching international advanced levels [3] - The demand for UHV technology is increasing due to the need for long-distance power transmission, and the company is well-positioned to meet both domestic and international market needs [3] Group 4 - Baobian Electric (600550) is a core supplier of UHV DC transformers based in Baoding, with a strong position in high-end transformers and a market share of 30% in UHV products [4] - The company has unique technologies that reduce material costs and has participated in major projects, exporting to over 40 countries [4] - The urgent demand for high-reliability transformers driven by AI computing centers and new energy power stations positions the company to benefit from both domestic and international projects [4] Group 5 - Jinpan Technology (688676) is a leading global manufacturer of dry-type transformers based in Haikou, focusing on wind and solar energy applications, with 98% of its products supporting renewable energy [5] - The company has a significant order backlog of 2.85 billion yuan for 2025, reflecting a substantial year-on-year growth of 180% [5] - The increasing demand for efficient dry-type transformers from AI computing centers and the proliferation of renewable energy generation presents a strong growth opportunity for the company [5] Group 6 - Mingyang Electric (301291) is a leader in offshore wind power transformers based in Zhongshan, specializing in dry-type transformers and prefabricated substations [6] - The company has developed products that meet the extreme conditions of offshore environments and is expected to achieve significant sales in North America by 2026 [6] - The growing demand for offshore wind power and the urgent need for grid upgrades in North America provide ample order support for the company [6] Group 7 - Teruid (300001) is a pioneer in outdoor box-type power equipment based in Qingdao, recognized as a champion enterprise in manufacturing [7] - The company has a complete technology system for modular prefabricated substations and has a leading market share in the new energy sector [7] - The demand for modular products from AI computing centers and the need for grid upgrades position the company to capture significant market growth [7] Group 8 - XJ Electric (000400) is a high-tech enterprise based in Xuchang, focusing on UHV and smart grid technologies, with a comprehensive industrial chain covering all aspects of power transmission and distribution [8] - The company has participated in all domestic UHV DC transmission projects and has a strong patent portfolio [8] - The growth in AI computing and electricity demand is accelerating the construction of smart grids, providing competitive advantages for the company [8] Group 9 - Sifang Co., Ltd. (601126) is based in Beijing and has a strong advantage in smart distribution networks, providing a full range of products for self-healing control and primary and secondary integration [9] - The company has implemented its products in over 30 provinces and cities, significantly improving efficiency in power distribution [9] - The demand for reliable power supply from AI computing centers and the ongoing digital transformation of distribution networks present broad development opportunities for the company [9] Group 10 - Samsung Medical (601567) is based in Ningbo and operates in both smart power distribution and medical services, covering a wide range of products in the power equipment sector [10] - The company has established manufacturing bases in multiple locations and has a marketing presence in over 70 countries [10] - The construction of AI computing centers and new energy projects requires substantial power distribution equipment, positioning the company to benefit from global demand growth [10]

Market Overview - The Shanghai Composite Index closed at 4095.33 points, above the annual line, with a change of 0.30% [1] - The total trading volume of A-shares reached 20,819.70 million yuan [1] Stocks Breaking Annual Line - A total of 73 A-shares have surpassed the annual line today, with notable stocks including: - Zhongcheng Technology with a deviation rate of 14.13% - Weining Health at 10.41% - Yaxin Security at 8.60% [1] Top Stocks by Deviation Rate - The following stocks have the highest deviation rates from the annual line: - Zhongcheng Technology: Today's change of 19.05%, turnover rate of 24.88%, annual line at 25.68 yuan, latest price at 29.31 yuan [1] - Weining Health: Today's change of 11.05%, turnover rate of 14.00%, annual line at 9.56 yuan, latest price at 10.55 yuan [1] - Yaxin Security: Today's change of 10.44%, turnover rate of 3.58%, annual line at 20.75 yuan, latest price at 22.53 yuan [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Pailin: Change of 10.01%, turnover rate of 15.83%, annual line at 7.88 yuan, latest price at 8.46 yuan [1] - Chuangye Huikang: Change of 8.71%, turnover rate of 10.91%, annual line at 5.38 yuan, latest price at 5.74 yuan [1] - Jiuyuan Yinhai: Change of 6.61%, turnover rate of 6.73%, annual line at 18.48 yuan, latest price at 19.68 yuan [1]

Core Viewpoint - The article highlights the economic development and transformation of Xiaogang Street in Beilun District by focusing on enhancing people's livelihoods and regional development through a strategy termed "Five Battles and Five Grabs" in 2025, showcasing significant progress in various sectors including economic growth, urban renewal, and social governance [1]. Group 1: Economic Development - Xiaogang Street has adopted a dual approach of external attraction and internal revitalization to drive economic growth, successfully attracting high-quality projects such as the French Chava New Energy project and the headquarters of 360 [2]. - As of November 2025, Xiaogang Street has introduced 253 new registered enterprises, including 17 with a registered capital of over 10 million, contributing to industrial development [2]. - The street has implemented a "tenglong huan niao" strategy to optimize land use, resulting in the elimination of 16 low-efficiency enterprises and the revitalization of 253 acres of land for industrial upgrades [2]. Group 2: Service Optimization - Xiaogang Street has established a comprehensive service system for enterprises, providing full-cycle support from project signing to construction, which has enhanced investor confidence [3]. - The street has created specialized service teams for major projects, ensuring smooth progress by addressing issues related to land delivery and policy implementation [3]. - A "one enterprise, one policy" mechanism has been developed to resolve challenges faced by over 40 key enterprises, leading to an increase in wholesale sales by 10 billion [3]. Group 3: Talent and Innovation - Xiaogang Street has built a robust industrial innovation matrix, including 5 champion enterprises, 5 listed companies, and 139 national high-tech enterprises [4]. - The street has initiated a "talent demand information database" and conducted outreach activities to identify and nurture potential talent, achieving a leading entry rate for national talent projects [4]. - The street has organized various skill enhancement programs and competitions, attracting over 100 participants and fostering a comprehensive training system for industrial workers [5]. Group 4: Community and Governance - Xiaogang Street has implemented a dual-core differentiated service model to support new business formats and enhance community services for workers [5]. - Initiatives such as the "Warm New Canteen" vouchers and "Summer Cooling Drink Vouchers" have been introduced to benefit new economy workers, with over 150 individuals receiving support [5]. - The street has facilitated the movement of over 400 workers between enterprises, resulting in an average annual income increase of over 8,000 [5]. Group 5: Future Goals - The street aims to continue enhancing industrial upgrading, innovation capabilities, and service quality, focusing on the development of biomedicine and digital technology clusters to contribute to the modernization of the coastal city [6].

Economic Performance Overview - Sichuan's 21 cities have released their economic performance for the first three quarters, with Chengdu continuing to shine and the South Sichuan Economic Zone showing rapid development [1] - Chengdu's GDP reached 14,438.75 billion yuan, growing by 10.0% year-on-year, maintaining a 37% share of the provincial total [2] - Yibin and Mianyang have surpassed the 200 billion yuan mark in GDP, while Deyang is close to achieving this milestone [2] Growth Rates and Economic Zones - Nine cities outperformed the provincial GDP growth rate of 9.3%, with Yibin leading at 10.3% [2] - The South Sichuan Economic Zone, including cities like Ziyang and Yibin, showed strong growth, while the Northeast Sichuan Economic Zone lagged behind [2] Emerging Industries and New Growth Drivers - Yibin's economic growth is significantly driven by emerging industries, with new energy and smart vehicles growing by 82.2% and smart terminals by 49.9% [4] - Mianyang's strategic emerging industries and high-tech sectors also maintained rapid growth, outpacing overall industrial growth [4] - Deyang's new industries, including general aviation and advanced materials, contributed significantly to industrial growth [4] Service Sector Recovery - The service sector is gradually recovering, contributing to economic growth in several cities, with the third industry in the province growing by 9.8% [4] - In Bazhong, the third industry's contribution to economic growth reached nearly 60%, driven by tourism [4] Investment, Consumption, and Export Dynamics - Investment, consumption, and exports are the three main drivers of economic development [5] - Deyang's fixed asset investment grew by 13.8%, exceeding both national and provincial averages [5] - Chengdu led in retail sales, with significant growth in smart and energy-efficient products, and a remarkable 55.9% increase in restaurant revenue [7][8] - Chengdu's total import and export volume reached 586.13 billion yuan, accounting for 87.6% of the provincial total, with notable growth in machinery and electronics exports [8]

（记者 曾健辉） 每经头条（nbdtoutiao）——2025十大财经新闻出炉！护航、酣战、变局、狂飙分别指向哪些大事件？ 每经AI快讯，动力源12月31日晚间发布公告称，截至本公告披露日，北京动力源科技股份有限公司控 股股东何振亚先生持有公司股份数量约为6485万股，占公司总股本比例为10.58%；累计质押公司股份 约4512万股，占其持股数量比例为69.58%，占公司总股本的比例为7.36%。 ...