证券日报网讯12月29日，林洋能源（601222）在互动平台回答投资者提问时表示，公司密切关注"低空 经济"与"氢能"两大国家战略交汇产生的历史性机遇。在战略层面，公司下属公司清耀新能源聚焦分布 式制氢装备、小容量制氢测试装备与工业耦合场景应用和制氢工艺撬块的研发，加速商业化落地，在氢 能技术验证与多元应用取得显著突破。同时，公司不断拓展低空产品，建设符合eVTOL运营的智慧停 机坪，短期内用定期体验飞行活动来验证低空交通和低空文旅航线；同时挖掘低空产业链中优质科创企 业和项目进行合作，开发具有更加丰富应用场景的示范类低空产业项目；通过"低空+"探索带动林洋储 能产品及新能源项目的推进方案，争取为林洋智维提供低空+新能源运维的创新示范机会。 ...

（记者 张明双） 2024年1至12月份，林洋能源的营业收入构成为：光伏行业占比43.03%，电工仪表行业占比41.97%，储 能和节能行业占比13.63%，其他业务占比1.26%，其他行业占比0.1%。 每经AI快讯，林洋能源（SH 601222，收盘价：5.56元）12月26日晚间发布公告称，公司第六届第四次 董事会会议于2025年12月26日在江苏省启东市林洋路666号公司会议室，以现场结合通讯表决方式召 开。会议审议了《关于控股子公司实施股权激励暨关联交易的议案》等文件。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 截至发稿，林洋能源市值为115亿元。 ...

证券代码：601222 证券简称：林洋能源 公告编号：临 2025-67 关于控股子公司实施股权激励暨关联交易的公告 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 为健全长效激励机制，满足江苏林洋能源股份有限公司（以下简称"公司"） 新业务发展战略及经营管理需要，激发经营团队的开拓性、能动性，发挥核 心人物和高管团队的作用，提升核心团队凝聚力和核心竞争力，有效地将股 东利益、公司利益和员工利益结合在一起，公司全资子公司江苏林洋智维技 术有限公司（以下简称"林洋智维"）拟通过增资扩股以实施股权激励（以 下简称"本次增资"）。本次增资认购对象为南京宸阳投资合伙企业（有限 合伙）（以下简称"宸阳投资"）、南京展阳投资合伙企业（有限合伙）（以 下简称"展阳投资"）、南京育阳投资合伙企业（有限合伙）（以下简称"育 阳投资"）和陆永华先生。宸阳投资和展阳投资为公司部分高级管理人员、 林洋智维董事、高级管理人员及核心员工成立的持股平台，育阳投资为公司 部分董事和高级管理人员成立的持股平台。 宸阳投资、展阳投资、育阳投资 ...

证券代码：601222 证券简称：林洋能源 公告编号：临 2025-66 宸阳投资、展阳投资、育阳投资和陆永华先生拟分别增资 1,594.16 万元、 637.67 万元、1,062.78 万元和 1,062.78 万元，共计增资 4,357.38 万元，增加林洋 智维注册资本 1,289.31 万元，剩余部分计入资本公积，增资价格为 4.2511 元/注 册资本。 本次增资完成后，林洋智维注册资本由 5,000 万元增加至 6,289.31 万元，公 1 司持股比例将由 100%变更为 79.5%，林洋智维由公司全资子公司变为控股子公 司，不会导致公司合并报表范围发生变更。公司放弃本次增资的优先认购权。 具 体 内 容 详 见 公 司 于 2025 年 12 月 27 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）发布的公告（临 2025-67）。 江苏林洋能源股份有限公司 第六届董事会第四次会议决议公告 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。 江苏林洋能源股份有限公司于2025年12月 ...

Overview - The report maintains a "stronger than market" rating for the renewable energy sector, highlighting that the demand for offshore wind power in China and Europe is increasing, leading to a rise in foundation demand and profit recovery for wind turbines. The "anti-involution" policy is expected to continue driving the photovoltaic sector, particularly with the expansion of perovskite technology. Overall, while short-term installation demand for renewable energy globally may be weak, there are structural opportunities in the market [1]. Key Points Supporting the Rating - The "anti-involution" trend is stabilizing wind turbine prices, enhancing profitability for manufacturers. China's offshore wind projects are becoming economically viable, contributing significantly to installed capacity. The demand for offshore wind in Europe and emerging markets is also on the rise [3]. - In the photovoltaic sector, the "anti-involution" policy remains the main theme, with a focus on the potential for capacity exits in battery and module production, as well as the industrialization potential of perovskite technology. Investment should prioritize growth-oriented new technology directions and the main industry chain benefiting from the "anti-involution" trend [3]. Investment Recommendations - For wind power, the report suggests prioritizing investments in the turbine segment, which is expected to recover profitability, and in the foundation segment that is progressing quickly in Europe. The offshore wind market is projected to grow significantly, with a focus on deep-sea projects [3]. - In the photovoltaic sector, the report emphasizes the importance of monitoring the "anti-involution" policy's impact on the industry, particularly regarding the exit of inefficient capacity and the enhancement of efficiency in battery and module production [3]. Long-term Outlook for Renewable Energy Demand - The report indicates that China's renewable energy demand is expected to remain robust in the long term, with an average annual installation capacity of over 400GW projected from 2025 to 2035. This is driven by the country's energy security needs and the ongoing transition to a low-carbon economy [13][16]. - The "136 Document" is noted for guiding the development of renewable energy projects towards market-oriented pricing, which is expected to stabilize project returns and promote high-quality development in the sector [31]. Photovoltaic Sector Insights - The report anticipates a moderate decline in photovoltaic installations in 2026 due to a phase of pre-installation in 2025, with projected installations of 290GW in 2025 and 180GW in 2026, reflecting a year-on-year decrease of 38% [33]. - The report highlights that the European photovoltaic market is facing growth challenges, with a forecasted installation of 64.2GW in 2025, indicating a slight decline. The U.S. market is also expected to experience pressure on growth due to policy adjustments [34][37]. Perovskite Technology Potential - Perovskite technology is identified as a key area for enhancing competitiveness in the photovoltaic manufacturing sector, with expectations for significant breakthroughs in industrialization by leading manufacturers in 2026 [33][44].

Core Viewpoint - LinYong Energy is at a critical juncture, with its traditional smart meter business providing stable income while its solar and energy storage segments are underperforming due to industry challenges [3][4]. Group 1: Smart Meter Business - The smart meter segment remains the core profit source for LinYong Energy, contributing 63% of gross profit with a revenue of 1.43 billion yuan and a gross margin of 34.9% in the first half of 2025 [8][12]. - The company secured contracts worth 165 million yuan from the State Grid and 35 million yuan from the Inner Mongolia Power Grid, indicating steady demand amid a replacement cycle for smart meters [9]. - International sales saw a significant increase of nearly 50% year-on-year, with products sold in over 50 countries, including Saudi Arabia, Lithuania, Poland, and Indonesia [9]. Group 2: Solar and Energy Storage Business - The solar and energy storage sectors have become major liabilities, with solar power generation revenue dropping to 400 million yuan and energy storage revenue plummeting by 72% to 210 million yuan in the first half of 2025 [14][18]. - The solar power segment's gross margin has decreased significantly, with the electricity station sales revenue declining by 91% to 80 million yuan [15][20]. - The energy storage business, once a promising growth area, now faces intense price competition, resulting in a gross margin drop to 9% from 17.6% in 2024 [18]. Group 3: Financial Performance - In the first three quarters of 2025, the company reported a revenue decline of 28.9% to 3.67 billion yuan and a net profit drop of 60.6% to 360 million yuan [21][24]. - The third quarter alone saw a staggering 88.8% drop in net profit, indicating worsening profitability [26]. - Cash flow from operating activities turned negative at -310 million yuan, reflecting significant operational challenges [28]. Group 4: New Business Ventures - The company is exploring new areas such as hydrogen energy and low-altitude economy, with initiatives like establishing QingYao New Energy for hydrogen equipment and LinYong Aviation Technology for eVTOL operations [5][30]. - However, these new ventures are still in early stages and have not yet contributed to revenue, raising concerns about the sustainability of the core business while pursuing these new opportunities [34].

Core Viewpoint - Nantong Fuyang Power Technology Co., Ltd. has been established, focusing on power facility equipment manufacturing and renewable energy technology services, indicating a strategic move towards expanding capabilities in the renewable energy sector [1] Company Summary - Nantong Fuyang Power Technology Co., Ltd. is legally represented by Fan Rong and is involved in various activities including manufacturing power facility equipment, providing power generation technology services, and offering wind and solar power technology services [1] - The company is wholly owned by Lin Yang Energy (601222), reflecting a consolidation of resources and expertise within the parent company to enhance its position in the renewable energy market [1] Industry Summary - The establishment of Nantong Fuyang Power Technology aligns with the growing emphasis on renewable energy technologies, including wind and solar power, which are critical for meeting global energy demands and sustainability goals [1] - The focus on emerging energy technology research and development positions the company to capitalize on future trends in the energy sector, potentially leading to increased market share and innovation [1]

Core Viewpoint - LinYong Energy emphasizes its commitment to research and development (R&D) as a core driving force since its listing, highlighting the establishment of a patent pool and technological reserves focused on smart meters, energy storage systems, and new energy technologies [1] R&D Investment - The company has cumulatively invested in R&D, which has significantly supported its market expansion, product manufacturing, and sales [1] - Detailed R&D data can be found in the company's annual reports [1]

Group 1 - The company emphasizes the importance of expanding its business in the core markets of State Grid and Southern Grid [1] - For the fiscal year 2025, the company has won multiple bids, with a total bid amount of approximately 350 million yuan in the State Grid marketing project for metering equipment [1] - The company also secured nearly 250 million yuan in the Southern Grid metering equipment framework bidding project [1] Group 2 - The bidding process for the power grid is characterized by multiple batches and detailed product categories, leading to fluctuations in market rankings for individual products based on different bidding items [1] - Overall, the company maintains stable market competitiveness in core product lines such as smart electric meters and continues to receive orders from grid customers [1]

证券日报网讯12月12日，林洋能源在互动平台回答投资者提问时表示，2025年前三季度公司存货增加主 要系BT项目正处于建设期。 ...