证券之星消息，9月16日电网设备板块较上一交易日上涨0.32%，洛凯股份领涨。当日上证指数报收于 3861.87，上涨0.04%。深证成指报收于13063.97，上涨0.45%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603050 | 科林电气 | 17.10 | -3.06% | 18.84万 | 3.25亿 | | 920111 | 聚星科技 | 29.63 | -2.40% | 2.49万 | 7386.78万 | | 301082 | 久盛电气 | 18.57 | -2.26% | 9.92万 | 1.84亿 | | 834062 | 科润智控 | 11.95 | -1.89% | 6.24万 | 7466.64万 | | 600379 | 宝光股份 | 11.81 | -1.75% | 4.27万 | 5033.17万 | | 300001 | 特锐德 | 24.47 | -1.69% | 30.89万 | 7.57亿 | | 002882 | 金 ...

9月16日，四方股份盘中下跌2.01%，截至10:39，报17.07元/股，成交1.18亿元，换手率0.84%，总市值 142.24亿元。 资金流向方面，主力资金净流出1630.07万元，特大单买入500.15万元，占比4.24%，卖出1615.17万元， 占比13.68%；大单买入2204.95万元，占比18.67%，卖出2720.00万元，占比23.03%。 四方股份所属申万行业为：电力设备-电网设备-电网自动化设备。所属概念板块包括：军民融合、铁路 基建、核电、航天军工、特高压等。 截至6月30日，四方股份股东户数3.96万，较上期减少5.28%；人均流通股20686股，较上期增加5.57%。 2025年1月-6月，四方股份实现营业收入40.20亿元，同比增长15.62%；归母净利润4.76亿元，同比增长 12.41%。 分红方面，四方股份A股上市后累计派现40.00亿元。近三年，累计派现15.99亿元。 机构持仓方面，截止2025年6月30日，四方股份十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股1790.22万股，相比上期减少547.55万股。广发多因子混合（002943）位居第六大 ...

证券研究报告 公用事业 行业定期报告 山东机制电价竞价及绿电就近消纳解读 关注绿 色甲醇和能源 RWA 机遇 ——大能源行业 2025 年第 37 周周报（20250913） hyzqdatemark 2025 年 09 月 15 日 投资评级： 看好（维持） 证券分析师 查浩 SAC：S1350524060004 zhahao@huayuanstock.com 刘晓宁 SAC：S1350523120003 liuxiaoning@huayuanstock.com 邹佩轩 SAC：S1350524070004 zoupeixuan01@huayuanstock.com 戴映炘 SAC：S1350524080002 daiyingxin@huayuanstock.com 邓思平 SAC：S1350524070003 dengsiping@huayuanstock.com 联系人 投资要点： 电力：全国首个（山东）新能源机制电价竞价结果出炉 关注风向标意义 9 月 11 日，国网山东省电力公司向社会公示山东 2025 年新能源机制电价竞价结果。 1）机制电量看，风电机制电量 59.67 亿千瓦时，光伏仅 12.4 ...

2025年1-7月，电气机械和器材制造业企业数（以下数据涉及的企业，均为规模以上工业企业，从2011 年起，规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元） 为37073个，和上年同期相比，增加了1559个，同比增长4.39%，占工业总企业的比重为7.12%。。 2016-2025年1-7月电气机械和器材制造业企业数统计图 上市公司：许继电气（000400），东方电子（000682），金智科技（002090），科陆电子（002121）， 智光电气（002169），积成电子（002339），新联电子（002546），三晖电气（002857），四方股份 （601126），科林电气（603050），海兴电力（603556），智洋创新（688191），宏力达（688330）， 煜邦电力（688597） 相关报告：智研咨询发布的《2025-2031年中国电气机械行业市场竞争态势及前景战略研判报告》 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 ...

Core Viewpoint - The release of the "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" by three government departments is a significant positive development for the industry, aiming to ensure steady growth and quality improvement in the power equipment sector [1][7]. Summary by Sections Overall Requirements - The plan emphasizes the need to adhere to the new development philosophy, promote high-quality development, and support the green and low-carbon transition in the energy sector [8]. Main Goals - The primary objectives for 2025-2026 include maintaining an average revenue growth rate of around 6% for traditional power equipment, ensuring stable revenue growth for new energy equipment, and achieving a 10% average revenue growth rate for leading enterprises [5][9]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the supply level of power equipment through technological breakthroughs and innovation in key components [10]. - **Expanding Domestic Effective Demand**: Leverage major energy projects to stabilize demand for power equipment and promote the development of wind and solar energy projects [10]. - **International Market Expansion**: Strengthen cooperation with emerging market countries in the wind, solar, and energy storage sectors, encouraging enterprises to explore overseas markets [11]. - **Accelerating Equipment Promotion and Application**: Implement policies to support the promotion of innovative products in the power equipment sector [12]. - **Optimizing Industry Development Environment**: Foster a competitive environment and establish industry standards to enhance quality and service [12]. - **Strengthening Standard Support**: Improve the standard system in the power equipment sector to drive quality enhancement and equipment updates [13]. - **Promoting Green and Intelligent Transformation**: Integrate new information technologies with power equipment to enhance efficiency and sustainability [13]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters in the power equipment sector to stabilize industry growth [14]. Guarantee Measures - **Strengthening Organizational Support**: Encourage collaboration between departments and local governments to stabilize growth in the power equipment industry [15]. - **Enhancing Monitoring and Analysis**: Establish mechanisms for monitoring industry data and addressing growth challenges [15]. - **Reinforcing Financial and Tax Support**: Implement tax incentives and financial services to support the high-quality development of the power equipment sector [16].

证券代码：601126 证券简称：四方股份 公告编号：2025-042 北京四方继保自动化股份有限公司 关于召开 2025 年半年度业绩说明会的公告 投资者可于 2025 年 9 月 12 日（星期五）至 9 月 18 日（星期四） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱 ir@sf-auto.com 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。 北京四方继保自动化股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在上海证券交易所（www.sse.com.cn）及指定信息披露 媒体发布《四方股份 2025 年半年度报告》。为便于广大投资者更全面 深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 19 日（星期五）10:00-11:30 举行 2025 年半年度业绩说明会， 就投资者关心的问题进行交流。 会议召开时间：2025 年 9 月 19 日（星期五）10:00-11:30 会议召开地点：上海证券交易所上证路演中心 一、说明会类型 本次投资者说明会以视频直播和网络互动结合的形式召开，公司 将针对 ...

Core Insights - The article highlights the advancements in the Fuxing high-speed train's design and technology, particularly focusing on its insulation and comfort features during the summer travel peak in China [1][2][3] Group 1: Passenger Experience - During the summer travel peak from July 1 to August 31, the national railway sent 943 million passengers, averaging over 15 million daily [1] - The Fuxing train utilizes a high-tech insulation material, aerogel composite, which has a thermal conductivity of only 0.018 watts per meter Kelvin, improving insulation effectiveness by over 15% compared to traditional materials [1] - The air conditioning system in the Fuxing train is designed for high temperatures and employs variable frequency technology to ensure energy efficiency and optimal temperature control [1] Group 2: Safety and Durability - The train wheels are made from high-strength special steel, weighing over 300 kilograms and nearly 1 meter in diameter, capable of withstanding temperatures above 50 degrees Celsius and impacts at minus 60 degrees Celsius [2] - The Fuxing train features a sealing design for its doors, which prevents rainwater from entering, ensuring passenger safety during adverse weather conditions [2] - A stability system, including anti-roll bars, hydraulic dampers, and air spring systems, helps maintain balance and stability during high winds and turns [3]

Core Viewpoint - Sifang Co., Ltd. has shown a mixed performance in financing activities and stockholder dynamics, with a notable increase in revenue and net profit year-on-year, indicating potential growth opportunities in the automation sector [1][2][3]. Financing Activities - On September 9, Sifang Co., Ltd. recorded a financing buy-in of 29.31 million yuan, with a net financing outflow of -9.59 million yuan, leading to a total financing balance of 350 million yuan [1]. - The current financing balance of 349 million yuan represents 2.46% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high financing position [1]. - In terms of securities lending, 3,700 shares were repaid, while 200 shares were sold, with a total selling amount of 3,464 yuan, and the remaining securities lending balance stood at 129.90 million yuan, exceeding the 70th percentile level over the past year [1]. Company Performance - As of June 30, Sifang Co., Ltd. had 39,600 shareholders, a decrease of 5.28% from the previous period, while the average circulating shares per person increased by 5.57% to 20,686 shares [2]. - For the first half of 2025, the company achieved a revenue of 4.02 billion yuan, reflecting a year-on-year growth of 15.62%, and a net profit attributable to shareholders of 476 million yuan, up by 12.41% year-on-year [2]. Dividend Distribution - Since its A-share listing, Sifang Co., Ltd. has distributed a total of 4 billion yuan in dividends, with 1.599 billion yuan distributed over the past three years [3]. Shareholder Composition - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 17.90 million shares, a decrease of 5.4755 million shares from the previous period [3]. - New entrants among the top ten shareholders included Zhuque Hengxin One-Year Holding and Southern CSI 1000 ETF, while several funds like E Fund New Emerging Growth Mixed and Invesco Great Wall Strategy Selected Flexible Allocation Mixed exited the list [3].

证券研究报告 | 2025年09月09日 四方股份（601126.SH） 优于大市 两网二次中标金额大幅增长，网外二次市场地位领先。网内方面，上半年公 司二次设备产品在国网集招的中标金额同比+60%，在南网框架招标的中标金 额同比+15%，配电相关产品市场份额稳固。网外方面，公司二次设备在海上 风电、风光大基地等细分市场的占有率稳居前列。 公司持续深耕数据中心领域，具备二次和直流解决方案服务能力。公司围绕 绿色用电与高算力需求，是国内少有的提供数据中心交直流配电系统一二次 关键设备、技术及全套解决方案的厂家，在西北、华北等区域形成规模化应 用，中标阿里巴巴、中国移动、新疆克拉玛依市碳和水冷等多个数据中心项 目，并紧密跟踪绿电直连以及直流配电的应用。 固态变压器产品技术成熟，已有多个重点项目交付业绩。公司拥有固态变压 器系列产品，具有高效率、高可靠性、高集成化、多端直流接入等优势，可 全面适配下一代数据中心 800V 直流供电架构需求。截至目前，公司 SST 产 品已有多项交付业绩，拓扑结构经过多次迭代优化整机效率已提升至 98.5%。 风险提示：国内电力投资不及预期；新业务拓展不及预期；行业竞争加剧。 投资建 ...

Core Viewpoint - The company has won the bid for the relay protection system equipment package for the Huaneng Yajiang Company's JX Hydropower Station [1] Company Summary - The company is actively participating in significant projects within the hydropower sector, indicating its competitive position in the industry [1]