Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Viewpoints - The company reported a significant improvement in profitability on a quarter-on-quarter basis, with a focus on optimizing expense ratios [5]. - In the first half of 2025, the company achieved revenue of 2.481 billion yuan, a year-on-year decrease of 28.35%, and a net profit attributable to the parent company of 324 million yuan, down 45.88% year-on-year [2][5]. - The second quarter of 2025 saw revenue of 1.358 billion yuan, a year-on-year decrease of 28.89% and a quarter-on-quarter decrease of 20.81%, while the net profit was 200 million yuan, down 47.37% year-on-year but up 62.09% quarter-on-quarter [2][5]. Summary by Relevant Sections Smart Meter Segment - In the first half of 2025, the company won bids totaling approximately 165 million yuan in the State Grid's electric meter procurement and 35 million yuan in the Mengxi power grid [5]. - The company has expanded its overseas sales revenue by nearly 50% year-on-year, leveraging partnerships with global leaders and local strategies [5]. New Energy Segment - The company is actively developing various renewable energy projects, with over 1,225 MW under construction and over 495 MW started in 2025 [5]. - As of the end of the first half of 2025, the company held over 1.3 GW of renewable energy projects and provided operation and maintenance services for over 20 GW of capacity [5]. Energy Storage Segment - By the end of the first half of 2025, the company delivered and connected over 5 GWh of energy storage systems, with a project reserve scale of 10 GWh [5]. Financial Data - The company recorded an asset impairment loss of 26 million yuan in the first half of 2025, primarily due to inventory depreciation [5]. - The expense ratio for Q2 2025 was 15.09%, a decrease of 3.69 percentage points quarter-on-quarter, with all expense ratios showing a decline [5]. - The company improved its manufacturing cost by 8% in the first half of 2025 through lean production practices [5].

Core Viewpoint - Linyang Energy's stock performance shows a slight increase, but financing activities indicate a net outflow, suggesting cautious investor sentiment [1][2]. Financing Summary - On September 9, Linyang Energy had a financing buy-in amount of 19.44 million yuan and a financing repayment of 27.98 million yuan, resulting in a net financing outflow of 8.54 million yuan [1]. - The total financing and securities balance for Linyang Energy reached 563 million yuan, with the financing balance accounting for 4.29% of the circulating market value, which is below the 10% percentile level over the past year, indicating a low financing level [1]. - The company had a securities lending repayment of 7,200 shares and a securities lending sell-out of 6,100 shares, with a sell-out amount of 38,700 yuan calculated at the closing price [1]. Business Performance Summary - As of June 30, Linyang Energy reported a total of 78,900 shareholders, an increase of 3.16% from the previous period, while the average circulating shares per person decreased by 3.07% to 26,108 shares [2]. - For the first half of 2025, Linyang Energy achieved an operating income of 2.481 billion yuan, a year-on-year decrease of 28.35%, and a net profit attributable to shareholders of 324 million yuan, down 45.88% year-on-year [2]. Dividend and Shareholding Summary - Since its A-share listing, Linyang Energy has distributed a total of 3.319 billion yuan in dividends, with 1.529 billion yuan distributed over the past three years [3]. - As of June 30, 2025, among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 20.08 million shares, a decrease of 10.996 million shares from the previous period [3]. - The Guangfu ETF and other ETFs showed varying changes in shareholding, with some increasing and others decreasing their holdings [3].

Group 1 - Matrix Co., Ltd. announced that its wholly-owned subsidiary, Anke Technology, introduced a strategic investor, Shenzhen Jifu New Industry Venture Capital Fund, which invested 5 million yuan for a 10% stake [1] - Heng Rui Medicine received approval from the National Medical Products Administration for its Eicosapentaenoic Acid Ethyl Ester Soft Capsule, aimed at reducing triglyceride levels in patients with severe hypertriglyceridemia [1] - Mo Gao Co., Ltd. announced the resignation of its Vice President Jin Baoshan due to job transfer [1] Group 2 - Yao Wang Technology decided to terminate two fundraising projects and will permanently supplement the remaining funds into working capital [2] - Minhe Livestock reported sales of 25.53 million chicklings in August, generating revenue of 86.41 million yuan, with year-on-year growth of 27.60% [2] - Sichuan Jinding announced the resignation of its Director and General Manager Xiong Jifeng due to personal reasons [3] Group 3 - Taiji Group received approval for clinical trials of its Semaglutide Injection, aimed at blood sugar control in type 2 diabetes patients [5] - Jieput announced plans to increase capital in its affiliate, Suidong Intelligent Technology, with an investment of 5 million yuan for a 5% stake [7] - GeLing Deep Vision's controlling shareholders committed not to reduce their shareholdings for six months starting from September 17, 2025 [8] Group 4 - Huafeng Superfiber reported the resignation of its Vice President Liu Cong due to personal reasons [9] - Xiaoming Co., Ltd. reported sales revenue of 79.90 million yuan from chicken products in August, with year-on-year growth of 11.73% [11] - Lion Head Co., Ltd. announced that its application for issuing shares and cash to acquire assets has been accepted by the Shanghai Stock Exchange [12] Group 5 - Jinlong Automobile reported a bus sales volume of 4,074 units in August, a year-on-year increase of 23.6% [43] - Metro Design signed a contract for the Ho Chi Minh City urban rail transit project in Vietnam, with a total amount of 1.754 trillion VND [45] - North New Road and Bridge announced winning a mining construction project worth 504 million yuan [28]

Core Viewpoint - LinYuan Energy has signed a supply contract for smart meters with Landis&Gyr Pty Ltd, which is expected to contribute approximately 5.69% to the company's audited revenue for 2024 [1] Group 1: Contract Details - The contract involves the supply of single and three-phase smart meter products over a delivery period of five years [1] - The total contract value is approximately $54 million, equivalent to about 383 million RMB [1] Group 2: Company Overview - LinYuan Energy primarily operates in three sectors: smart grid, new energy, and energy storage [1] - The company is a leading provider of smart power distribution products and system solutions, including smart meters and advanced metering infrastructure (AMI) solutions [1] Group 3: Market Strategy - The company aims to expand its domestic market vertically and its international market horizontally, participating in tenders from various power companies [2] - LinYuan Energy has sold products to over 50 countries and regions, leveraging strategic partnerships and acquisitions to secure overseas orders [2] Group 4: Financial Performance - In the first half of 2025, LinYuan Energy reported a revenue of 2.481 billion RMB, a year-on-year decrease of 28.35%, and a net profit of 324 million RMB, down 45.88% [2] Group 5: Global Expansion Efforts - The company is enhancing its global presence by deepening its strategic market engagement and localizing operations [3] - LinYuan Energy has established a joint venture in the Middle East and is expanding its market share in Central and Eastern Europe, particularly in Poland [3] - The company has delivered over one million smart meters in Asia and is establishing a regional headquarters and manufacturing base in Indonesia to support its expansion in Southeast Asia [3]

Core Viewpoint - LinYong Energy has signed a supply contract for smart meters with Landis & Gyr Pty Ltd, amounting to approximately $54 million, which represents 5.69% of the company's audited revenue for the fiscal year 2024 [2] Group 1 - The total contract value is approximately $54 million [2] - The equivalent amount in Chinese Yuan is about 383.4 million Yuan [2] - The contract accounts for 5.69% of the company's audited revenue for 2024 [2]

林洋能源（601222）(601222.SH)发布公告，近日，公司与Landis&Gyr PtyLtd(简称"澳洲兰吉尔")签署了 智能电表的供货合同，由公司提供智能电表产品。根据合同报价测算，合同总金额约5400万美元，约合 3.83亿元人民币。 本次签订的合同金额占公司2024年度经审计的营业总收入的5.69%。合同的履行预计将对公司2025年及 以后年度经营工作和经营业绩产生积极的影响，但对公司业务、经营的独立性不产生影响。 ...

本次签订的合同金额占公司2024年度经审计的营业总收入的5.69%。合同的履行预计将对公司2025年及 以后年度经营工作和经营业绩产生积极的影响，但对公司业务、经营的独立性不产生影响。 智通财经APP讯，林洋能源(601222.SH)发布公告，近日，公司与Landis&Gyr PtyLtd(简称"澳洲兰吉尔") 签署了智能电表的供货合同，由公司提供智能电表产品。根据合同报价测算，合同总金额约5400万美 元，约合3.83亿元人民币。 ...

人民财讯9月8日电，林洋能源（601222）9月8日晚间公告，近日，公司与Landis&GyrPty Ltd(简称"澳洲 兰吉尔")签署了智能电表的供货合同，由公司提供智能电表产品。根据合同报价测算，合同总金额约 5400万美元，约合3.83亿元人民币，占公司2024年度经审计的营业总收入的5.69%。合同的履行预计将 对公司2025年及以后年度经营工作和经营业绩产生积极的影响。 ...

证券代码：601222 证券简称：林洋能源 公告编号：临 2025-54 江苏林洋能源股份有限公司 关于签订海外经营合同的公告 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： 一、交易概述 近日，江苏林洋能源股份有限公司（以下简称"公司"）与 Landis&Gyr Pty Ltd （以下简称"澳洲兰吉尔"）签署了智能电表的供货合同，由公司提供智能电表产 品。根据合同报价测算，合同总金额约 5,400 万美元，约合 38,340 万元人民币。 二、合同对方情况介绍 1、公司名称：Landis&Gyr Pty Ltd 2、成立日期：2000 年 2 月 3、经营范围：智能电表、气表、水表等设备，配电自动化，AMI 解决方案等 4、兰吉尔是全球领先的综合能源管理解决方案提供商，通过测量和分析能源 使用情况，为智能电网和基础设施管理提供赋能分析，帮助公用事业公司和消费 者降低能耗，澳洲兰吉尔为其全资子公司。 5、是否与公司存在关联关系：公司及子公司与兰吉尔、澳洲兰吉尔不存在关 联关系。 合同类型：销售合同 合同金额：根 ...

格隆汇9月8日丨林洋能源(601222.SH)公布，公司与Landis&GyrPtyLtd（简称"澳洲兰吉尔"）签署了智能 电表的供货合同，由公司提供智能电表产品。根据合同报价测算，合同总金额约5,400万美元，约合 38,340万元人民币。 ...