4月16日，南方电网控股上市公司2024年度集体业绩说明会在全景路演成功举办。 就抽水蓄能业务营收占比下滑及板块未来布局有关提问，南网储能方面表示：国家发展改革委533号文核定的抽蓄价格自2023年6月1日起执行，2023年影响6 至12月，2024年影响全年，因此抽水蓄能板块营业收入同比下降。公司将稳步推进9个在建抽水蓄能项目工程建设，2025年全面投产南宁、梅蓄二期项目。 公司将多年来积累的技术优势、管理优势转化为先发优势、竞争优势，结合电网规划选取优质站点，锻造核心竞争力，在抽蓄市场化转型中把握发展主动 权，实现更高质量的发展。 为贯彻落实国务院新"国九条"和国务院国资委加强央企控股上市公司市值管理、提高上市工作质量工作部署，充分总结往年公司举办集体业绩说明会的成果 和经验，借鉴融合市场优秀案例做法，进一步创新活动内容和形式，搭建投资者与上市公司深度交流互动平台,全方位展示南方电网公司与所属三家上市公 司（南网储能、南网科技、南网能源）在行业、科研、技术、产品等方面的综合实力及发展规划，让投资者看清电力行业、上市公司的未来业绩空间和价值 回报预期，增进上市公司市场认同和价值实现，在资本市场树立良好"南网 ...

证券代码：600995 证券简称：南网储能 编号：2025-22 南方电网储能股份有限公司 关于控股股东全资子公司增持公司股份计划的公告 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： 1 南方电网储能股份有限公司（以下简称"公司"）控股股东中国 南方电网有限责任公司（以下简称"南方电网公司"）基于对公 司价值的认可及储能业务未来持续稳定发展的信心，同时为提振 投资者信心，维护资本市场稳定和投资者利益，拟自本公告披露 之日起 6 个月内，通过其全资子公司南方电网资本控股有限公司 （以下简称"南网资本"），以上海证券交易所允许的方式（包 括但不限于集中竞价交易、大宗交易等）增持公司 A 股股份，增 持金额不低于人民币 2 亿元、不超过人民币 4 亿元，资金来源为 南网资本自有资金。 本次增持不会导致公司股份分布不具备上市条件，亦不会导致公 司控股股东及实际控制人发生变化。 风险提示：本次增持计划可能存在因资本市场情况发生变化或目 前尚无法预判的其他因素导致增持计划的实施无法达到预期的 风险。 1.本次增持股份的目 ...

南方电网储能股份有限公司 关于参加中国南方电网有限责任公司控股上市公司2024年度集体业绩 说明会的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600995 证券简称：南网储能 编号：2025-21 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： ●会议召开时间：2025年4月16日（星期三）15:00-16:30 ●会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/）、全景网"投资者 关系互动平台"（http://ir.p5w.net） ●会议召开方式：视频与网络文字互动相结合 ●投资者可于2025年4月9日（星期三）至4月15日（星期二）16:00前登录上证路演中心网站首页点击"提 问预征集"栏目、扫描下方全景网问题预征集专题页面二维码或者通过公司邮箱nwcn@es.csg.cn进行提 问。公司将在说明会上对投资者普遍关注的问题进行回答。 南方电网储能股份有限公司（以下简称"公司"）已于2025年3月29日披露2024年年度报告。 ...

证券代码：600995 证券简称：南网储能 编号：2025-21 南方电网储能股份有限公司 关于参加中国南方电网有限责任公司控股上市公司 2024 年度集体业绩说明会的公告 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： 南方电网储能股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日披露 2024 年年度报告。为便于广大投资者更全面、更深入 1 会议召开时间：2025 年 4 月 16 日（星期三）15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）、全景网"投资者关系互 动平台"（http://ir.p5w.net） 会议召开方式：视频与网络文字互动相结合 投资者可于 2025 年 4 月 9 日（星期三）至 4 月 15 日（星期 二）16:00 前登录上证路演中心网站首页点击"提问预征集" 栏目、扫描下方全景网问题预征集专题页面二维码或者通过 公司邮箱 nwcn@es.csg.cn 进行提问。公司将在说明会 ...

Financial Performance - Total revenue for Q1 2025 reached RMB 155.68 million, an increase of 17.52% year-on-year[2] - Net profit attributable to shareholders was RMB 37.40 million, up 31.10% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 37.63 million, reflecting a 29.55% increase year-on-year[4] - Basic earnings per share increased to RMB 0.12, representing a growth of 33.33% year-on-year[4] Assets and Equity - Total assets at the end of the reporting period amounted to RMB 530.48 billion, a 5.12% increase from the beginning of the year[4] - Shareholders' equity attributable to the company was RMB 217.33 billion, up 1.82% from the start of the year[4] - The company reported a total of 319.60 million shares outstanding, with net assets per share rising to RMB 6.80, a 1.80% increase[3] Operational Insights - The increase in net profit was primarily driven by increased water inflow at peak-shaving hydropower plants, leading to a rise in power generation[4] - Weighted average return on equity improved to 1.74%, an increase of 0.38 percentage points[2] Cautionary Note - Investors are advised to note that the financial data presented is preliminary and may differ from the final report[5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a revenue of 6.174 billion yuan in 2024, representing a year-on-year growth of 9.67%, and a net profit attributable to shareholders of 1.126 billion yuan, up 11.14% year-on-year [7] - The report highlights the stability of the pumped storage business and significant improvements in peak-shaving hydropower, with the latter's revenue increasing by 55.5% year-on-year [7] - The company is entering a production phase for pumped storage projects, with a total installed capacity of 10.28 million kilowatts expected by the end of 2024 [7] - The new energy storage segment saw a remarkable revenue increase of 198.9% year-on-year, driven by the commissioning of the Foshan Baotang storage station [7] Financial Performance Summary - In 2024, the company reported total revenue of 61.74 billion yuan, with a net profit of 11.26 billion yuan, and a weighted average ROE of 5.31% [7] - The revenue from pumped storage was 4.147 billion yuan, down 6.4% year-on-year, while peak-shaving hydropower revenue reached 1.634 billion yuan, up 55.5% year-on-year [7] - The company’s cash flow from operating activities was 3.855 billion yuan, an increase of 8.39% year-on-year, with a cash dividend of 338 million yuan, representing a 30% payout ratio [7] - The projected net profit for 2025 is 1.235 billion yuan, with a corresponding P/E ratio of 25.21 [1][8]

南方电网储能股份有限公司 2024 年年度股东大会 2025 年 4 月 18 日 证券简称：南网储能 证券代码：600995 南方电网储能股份有限公司 南方电网储能股份有限公司 南方电网储能股份有限公司 2024 年年度股东大 会 2025 年 4 月 18 日 南方电网储能股份有限公司 2024 年年度股东大会 2025 年 4 月 18 日 南方电网储能股份有限公司 时间 内容 主持人 一、主持人宣布会议开始、介绍会议出席情况 二、审议会议议案 月 18 日 董事长 利润分配方案的议案 三、听取公司 2024 年度独立董事述职报告 四、公司股东及股东代表发言，公司董事及高管回答相关 问题 五、推举股东大会监票人、记票人 南方电网储能股份有限公司 2024 年年度股东大会 2025 年 4 月 18 日 六、现场参会股东及股东代表对股东大会议案进行表决 七、统计现场、网络投票的有效表决票数，宣布表决结果 八、宣读公司股东大会决议 九、律师现场见证公司股东大会程序及议案表决结果，并 宣读本次股东大会的法律意见书 十、参会股东及股东代表、董事、监事和董事会秘书等有 关人员签署确认会议决议、会议记录等会议文件 ...

Group 1 - The company achieved a revenue of 30.9 billion yuan in 2024, a year-on-year decrease of 21.9%, but net profit increased by 622% to 0.7 billion yuan, driven by revenue structure optimization and cost reductions from AI-enabled efficiency improvements [4][5] - The payment business showed marginal improvement with a revenue decline of 22.9% to 26.9 billion yuan, attributed to a 19% drop in total GPV and a slight decrease in payment rates [5][6] - The company’s overseas payment business expanded significantly, with transaction volume exceeding 1.1 billion yuan, a nearly fivefold increase year-on-year [5] Group 2 - The company reported a revenue of 31.48 billion yuan in 2024, a decrease of 17.2%, with a net profit of 2.34 billion yuan, down 68.98% [11][12] - The domestic acquiring business processed a total of 1.47 trillion yuan, maintaining stable monthly transaction volumes, while overseas market revenue reached 9.01 billion yuan, with a 63.61% increase in high-end market revenue [13][14] - The company’s AI digital employee product has been commercialized, with applications in digital marketing and e-commerce [15] Group 3 - China Aluminum reported a revenue of 237.07 billion yuan in 2024, an increase of 5.2%, and a net profit of 12.4 billion yuan, up 85.4% [16][17] - The increase in profits was primarily due to rising aluminum and alumina prices, with alumina revenue reaching 74 billion yuan, a 38.3% increase [18] - The company plans to distribute a cash dividend of 0.135 yuan per share, with a total dividend amount of 3.72 billion yuan, reflecting a payout ratio of 30.2% [20] Group 4 - Three Squirrels reported a revenue of 10.622 billion yuan in 2024, a year-on-year increase of 49.3%, with a net profit of 408 million yuan, up 85.51% [22][23] - The company’s online revenue reached 7.407 billion yuan, with significant growth in various channels, particularly Douyin [23][24] - The company is planning to issue H shares to enhance its brand and global supply chain capabilities [25][26] Group 5 - Kailai Ying reported total revenue of 5.805 billion yuan in 2024, a decrease of 25.82%, with a net profit of 949 million yuan, down 58.17% [27][28] - The small molecule business showed stable growth, with revenue of 4.571 billion yuan, reflecting an 8.85% increase when excluding large orders [28][29] - The emerging business segment achieved revenue of 1.226 billion yuan, a growth of 2.25% [29] Group 6 - Zhejiang Shuju reported a revenue of 3.097 billion yuan in 2024, a slight increase of 0.61%, with a net profit of 512 million yuan, down 22.84% [30][31] - The online gaming business generated 1.34 billion yuan in revenue, with a gross margin of 91.04% [33] - The company plans to distribute a cash dividend of 1.60 yuan per 10 shares, totaling 203 million yuan [32] Group 7 - Zhongke Xingtou focuses on the space-earth big data industry, with a projected revenue of 40.78 billion yuan in 2025, increasing to 63.98 billion yuan by 2027 [38][41] - The company has established a comprehensive digital earth solution, integrating data collection, processing, and application [39][40] - The company aims to expand its business into low-altitude economy and commercial aerospace sectors [40] Group 8 - Yinghe Technology reported a revenue of 8.524 billion yuan in 2024, a decrease of 12.58%, with a net profit of 503 million yuan, down 9.14% [43][44] - The lithium battery equipment segment faced challenges, while the electronic cigarette segment showed strong performance with a revenue of 3.191 billion yuan [44][45] - The company expects growth in the lithium battery equipment market due to domestic production recovery and expansion into overseas markets [45][46] Group 9 - Meiya Optoelectronics achieved a revenue of 2.311 billion yuan in 2024, a decrease of 4.7%, with a net profit of 649 million yuan, down 12.8% [48] - The color sorting machine business grew by 9.9%, while the medical equipment segment faced a decline of 33.4% [49] - The company anticipates a recovery in the medical equipment sector due to ongoing economic development and demographic trends [49]

[Table_Title] 来水好转拉动业绩增长， 2025 年或进入机组投产期 ——南网储能（600995）2024 年年报点评 最近一年走势 | 相对沪深 300 | 表现 | | 2025/03/31 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 南网储能 | -2.1% | -5.6% | 1.9% | | 沪深 300 | -0.1% | -1.2% | 9.9% | | 市场数据 | | | 2025/03/31 | | 市场数据 | 2025/03/31 | | --- | --- | | 当前价格（元） | 9.55 | | 周价格区间（元） 52 | 8.63-12.16 | | 总市值（百万） | 30,521.86 | | 流通市值（百万） | 10,591.92 | | 总股本（万股） | 319,600.58 | | 流通股本（万股） | 110,910.16 | | 日均成交额（百万） | 87.33 | | 近一月换手（%） | 0.78 | 2025 年 04 月 01 日 公司研究 评级：买入(维持) 相关报告 《南 ...

Summary of the Conference Call for Nanfang Energy Storage Company Overview - **Company**: Nanfang Energy Storage - **Year**: 2024 - **Industry**: Energy Storage and Hydropower Key Financial Metrics - **Revenue**: 6.174 billion CNY, up 9.67% year-on-year [3] - **Net Profit**: 1.126 billion CNY, up 11.14% year-on-year [3] - **Operating Cash Flow**: 3.855 billion CNY, up 8.39% year-on-year [3] - **Earnings Per Share**: 0.35 CNY, up 9.38% year-on-year [3] - **Total Assets**: 50.467 billion CNY, up 13.44% year-on-year [3] - **Net Assets**: 21.345 billion CNY, up 2.44% year-on-year [3] - **Debt-to-Asset Ratio**: 50.57% [3] Project Development and Capacity - **Hydropower Stations Under Construction**: 9 stations with a total capacity of 10.8 million kW [5] - **Upcoming Projects**: - Nanning and Meixu Phase II expected to be operational by the end of 2025, adding 2.4 million kW [5] - Zhaoqing Langjiang and Huizhou Zhongdong expected to be operational by the end of 2026, adding another 2.4 million kW [5] - Additional projects expected to come online between 2027 and 2029, subject to construction complexities [5] Business Focus and Strategy - **Focus on Energy Storage Orders**: High initial capital expenditure but stable returns [6] - **Capacity Pricing Policy**: Implemented from June 1, 2023, expected to enhance revenue in 2024 [7] - **Market Entry**: Meixu Phase II entered the spot market in October 2024, leading to increased revenue but not yet a long-term trend [8] Financial Outlook and Capital Expenditure - **2025 Capital Expenditure**: Approximately 9.9 billion CNY, expected to maintain this level in subsequent years [16] - **Projected Operating Cash Flow for 2025**: 3.3 billion CNY [16] - **Debt Financing**: Plans to utilize various financing methods including loans and preferred stock [16] Risk Management and Financial Health - **Debt Management**: Group requires debt-to-asset ratio not to exceed 65% [18] - **Research and Development Investment**: Increased to 56.99 million CNY, up 118% year-on-year, indicating a focus on technological innovation [4] Market Dynamics and Regulatory Environment - **Future Capacity Pricing**: Expected to remain stable in 2025 if no new adjustments to national pricing policies [10] - **Investment Climate**: Uncertainty in new energy market due to policy changes affecting large-scale investments [12] - **Internal Rate of Return (IRR) Requirement**: New projects must achieve an IRR of over 5% [13] Conclusion Nanfang Energy Storage is positioned for steady growth with a focus on expanding its hydropower capacity and enhancing its financial stability through strategic capital expenditures and effective debt management. The company is navigating a complex regulatory environment while aiming to leverage its technological advancements and market opportunities in the energy storage sector.