证券日报网讯1月26日，威胜信息在互动平台回答投资者提问时表示，公司多年来立足"三芯多模"战 略，在碳化硅器件和相关电力电子模块方面有多年的技术投入，目前在高功率电源模块和固态开关方面 有技术和产品储备。 ...

证券时报记者 张一帆 2025年年末，威胜信息国家卓越级智能工厂正式揭牌，这是我国"十四五"时期智能工厂梯度培育行动的生动缩 影。 "放在以前，新工厂落成后的头一两个月，我和团队几乎要全身心扑在机器调试、流程矫正、布局调整上，根本无 暇抽身。但这座卓越级工厂投产至今，从未出现过需要重新调整的情况。"威胜信息有关负责人向证券时报记者坦 言。 工业和信息化部副部长张云明上周在新闻发布会上介绍，目前全国已累计建成3.5万余家基础级、8200余家先进 级、500余家卓越级智能工厂，制造业数智化转型扎实推进。 "当前工厂的数据采集与应用比例仍有提升空间，后续我们将借助人工智能技术深化数据分析，助力产品设计持续 优化。"威胜信息有关负责人表示，"人形机器人的快速发展也让我们看到了新可能，未来若能引入产线实现人机 协同，将更好地满足客户个性化定制需求。" "我们将深入实施智能制造工程，持续开展智能工厂梯度培育，进一步拓展规模，树立更多标杆。"工信部新闻发 言人谢存表示。从卓越到领航，如威胜信息一样的智能工厂升级之路，既是制造业数字化转型的缩影，更是我国 智能制造向全球领先水平迈进的生动实践，这场进化之旅才刚刚开启。 "先进 ...

Investment Rating - The report maintains an "Overweight" rating for the communication industry, expecting the industry index to outperform the market index by more than 10% in the next six months [2][44]. Core Insights - The communication industry index has shown a cumulative increase of 1.61% over the past two weeks (January 9 to January 22), outperforming the CSI 300 index by 1.91 percentage points, ranking 21st among 31 first-level industries [4][11]. - In January, the communication sector has risen by 2.48%, again surpassing the CSI 300 index by 0.45 percentage points [4][11]. - The report highlights a critical period of annual performance forecasts for listed companies, which serves as a key window to validate the growth potential and market conditions of various sectors [4][39]. Industry Performance Review - The communication sector's six sub-sectors have varied performance over the past two weeks, with the highest increase in the SW Communication Application Value-Added Services (+11.59%) and the lowest in SW Communication Terminals and Accessories (-1.64%) [4][15]. - The report notes that the communication industry is entering a phase of technological iteration and policy benefits, with new growth drivers expected from AI, quantum communication, and low-altitude economy [4][39]. Industry News and Company Announcements - IDC predicts that by 2030, AI agents will become a significant part of the global workforce, with a projected increase from approximately 28.6 million active agents in 2025 to 2.216 billion [16]. - China Mobile has established a special office for computing power strategy, marking a new phase in its systematic approach to computing power deployment [17][19]. - The Ministry of Industry and Information Technology reports that AI has penetrated over 70% of business scenarios in leading smart factories [20]. - Tianfu Communication expects a net profit increase of 40%-60% for 2025, driven by the growth in AI and data center construction [23]. - Changxin Bochuang anticipates a net profit increase of 344%-413% for 2025, fueled by demand in cloud computing and AI [24]. Industry Data Updates - As of November 2025, the mobile phone user base reached approximately 1.828 billion, a year-on-year increase of 2.20% [27]. - The internet broadband access user base was about 697 million, reflecting a year-on-year increase of 4.28% [29]. - The length of optical cable lines reached approximately 74.44 million kilometers, with a year-on-year growth of 3.63% [30]. - By November 2025, the total number of 5G base stations reached 4.83 million, with a net increase of 579,000 from the previous year [36]. Investment Recommendations - The report suggests focusing on companies that align with the themes of "technology commercialization, policy catalysis, and earnings certainty," highlighting potential opportunities in the sector [4][39]. - Recommended stocks include China Mobile (600941.SH), China Telecom (601728.SH), ZTE Corporation (000063.SZ), Changfei Optical Fiber (601869.SH), and Weisheng Information (688100.SH) [40][42].

Group 1 - The core viewpoint of the article is that Weisheng Information will disclose the number of shareholders in its regular reports to ensure fairness in information dissemination to investors [1]

Group 1 - The company focuses on the core area of energy digitalization, driving development through technological innovation [1] - The company is continuously deepening its integration in the fields of IoT, chips, and artificial intelligence [1] - The company is actively exploring emerging business opportunities [1]

Core Viewpoint - The strong stock performance of Weisheng Holdings is attributed to optimistic investment expectations from the State Grid during the 14th Five-Year Plan, with total investments expected to reach 4 trillion yuan, and the global AIDC wave leading to a revaluation of Weisheng as a scarce asset in energy management [1] Group 1: Company Performance - Weisheng Information, as the core smart energy company under Weisheng Holdings, is expected to undergo a reassessment of its mid-term value [1] - The company possesses a natural advantage in the intelligentization process of AIDC energy systems, leveraging its power IoT digital foundation [1] Group 2: Financial Projections - Projected net profits attributable to the parent company for the years 2025, 2026, and 2027 are expected to be 720 million yuan, 870 million yuan, and 1.05 billion yuan respectively [1] - The current stock price corresponds to price-to-earnings ratios of 28, 24, and 20 times for the years 2025, 2026, and 2027 [1] Group 3: Investment Rating - The investment rating for Weisheng Holdings is maintained at "Buy" [1]

Group 1 - The A-share market saw a collective surge in smart grid stocks, with companies like China Xidian, Xinlian Electronics, Dingxin Communications, and others hitting the daily limit up [1] - The State Grid announced a total fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan period (2026-2030), representing a 40% increase compared to the previous plan, with an average annual investment of 800 billion yuan [1] - Southern Power Grid is expected to invest around 1 trillion yuan during the same period, leading to a total investment of nearly 5 trillion yuan from both major grids, significantly exceeding the 2.64 trillion yuan and 2.85 trillion yuan investments during the 13th and 14th Five-Year Plans, respectively [1] Group 2 - China Xidian's stock rose by 10.03%, with a total market value of 81 billion yuan and a year-to-date increase of 73.63% [2] - Xinlian Electronics experienced a 10.01% increase, with a market capitalization of 8.34 billion yuan and a year-to-date rise of 43.06% [2] - Dingxin Communications, Hanlan Co., and other companies also saw significant stock price increases, with various percentages ranging from 5.19% to 10% [2]

Core Viewpoint - The A-share market for smart grid stocks has shown significant strength, driven by the announcement of substantial fixed asset investments by the State Grid and Southern Power Grid during the 14th Five-Year Plan period, indicating a robust growth outlook for the industry [1]. Group 1: Investment Announcements - The State Grid announced a total fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan period (2026-2030), representing a 40% increase compared to the 13th Five-Year Plan [1]. - The average annual investment scale is projected to reach 800 billion yuan [1]. - Southern Power Grid is expected to invest around 1 trillion yuan during the same period, with a total investment of approximately 5 trillion yuan for both major grids, significantly exceeding the 2.64 trillion yuan and 2.85 trillion yuan investments of the previous two plans [1]. Group 2: Stock Performance - Several smart grid stocks have reached their daily limit up, including China West Electric, New Link Electronics, Dingxin Communications, Hanlan Co., and others, with notable increases in stock prices [1]. - Specific stock performance includes: - China West Electric: +10.03% with a market cap of 81 billion yuan and a year-to-date increase of 73.63% [2]. - New Link Electronics: +10.01% with a market cap of 8.34 billion yuan and a year-to-date increase of 43.06% [2]. - Dingxin Communications: +10.00% with a market cap of 5.165 billion yuan and a year-to-date increase of 10.61% [2]. - Other notable performers include Hanlan Co. (+10.00%), Senyuan Electric (+10.00%), and Nanfang Power (+9.96%) [2].

Investment Rating - The report maintains a "Buy" rating for the company [3][6]. Core Views - The company's parent, Weisheng Holdings, has shown strong stock performance, driven by optimistic expectations for China's "14th Five-Year Plan" investments in the State Grid, projected to reach CNY 4 trillion, and a global AIDC wave that is leading to a revaluation of Weisheng as a scarce asset in energy management [1]. - The transition from power IoT to AIDC energy digitalization is highlighted, emphasizing the high demands for power quality and collaborative computing in AIDC, where distribution equipment acts as the "muscle" and perception and control serve as the "brain" [1]. - The company is expected to leverage its natural advantages in the intelligentization process of AIDC energy systems, with growth boundaries likely to continue expanding [3]. Financial Summary - Revenue projections for the company are as follows: CNY 2,225 million in 2023, CNY 2,745 million in 2024, CNY 3,101 million in 2025, CNY 3,718 million in 2026, and CNY 4,582 million in 2027, with year-on-year growth rates of 11.1%, 23.3%, 13.0%, 19.9%, and 23.2% respectively [5]. - The net profit attributable to the parent company is projected to be CNY 525 million in 2023, CNY 631 million in 2024, CNY 724 million in 2025, CNY 865 million in 2026, and CNY 1,046 million in 2027, with year-on-year growth rates of 31.3%, 20.1%, 14.8%, 19.6%, and 20.8% respectively [5]. - The report indicates that the current price-to-earnings (P/E) ratios are 28, 24, and 20 for the years 2025, 2026, and 2027 respectively [3]. Business Strategy - The company is positioned to benefit from group synergies, overseas expansion, and the migration of existing capabilities into new business areas, which collectively enhance growth certainty [2]. - The company has established a significant presence in overseas markets, with 19% of revenue coming from international operations in the first three quarters of 2025, and has developed local operations in Indonesia and Saudi Arabia [9]. - The report discusses the potential for the company to expand into power supply business areas, leveraging its long-term understanding of supply architecture and control logic in low and medium voltage distribution [9].

Investment Rating - The report maintains a "Buy" rating for the company [3][6] Core Insights - The company is positioned to benefit from the optimistic investment expectations in the domestic power grid, with a projected total investment of 4 trillion yuan during the 14th Five-Year Plan. Additionally, the global AIDC trend is leading to a revaluation of the company's worth as a rare asset in energy management [1] - The transition from power IoT to AIDC energy digitalization is highlighted, emphasizing the importance of power quality and collaborative computing in AIDC. The company is expected to align its valuation with technology sectors rather than traditional power grid investment rhythms [1] - The company is expected to see continuous growth in its net profit, with projections of 7.2 billion yuan, 8.7 billion yuan, and 10.5 billion yuan for the years 2025, 2026, and 2027 respectively, corresponding to PE ratios of 28, 24, and 20 times [3] Financial Summary - Revenue projections for the company are as follows: 2,225 million yuan in 2023, 2,745 million yuan in 2024, 3,101 million yuan in 2025, 3,718 million yuan in 2026, and 4,582 million yuan in 2027, with year-on-year growth rates of 11.1%, 23.3%, 13.0%, 19.9%, and 23.2% respectively [5] - The company's net profit is projected to grow from 525 million yuan in 2023 to 1,046 million yuan in 2027, with year-on-year growth rates of 31.3%, 20.1%, 14.8%, 19.6%, and 20.8% [5] - The latest diluted EPS is expected to increase from 1.07 yuan in 2023 to 2.13 yuan in 2027 [5] Business Strategy - The company leverages its existing capabilities in smart metering, energy management, and comprehensive energy services to create synergies within the group, enhancing its value in data, perception, and underlying platform layers [9] - The company has established a significant presence in overseas markets, with 19% of its revenue coming from international operations in the first three quarters of 2025, and has set up local factories in Indonesia and Saudi Arabia [9] - The company is transitioning its digital capabilities to AIDC energy scenarios, utilizing AI for load forecasting and developing edge computing capabilities to meet the real-time and stability requirements of energy systems [9]