证券代码：688100 证券简称：威胜信息 公告编号：2025-039 威胜信息技术股份有限公司 关于 2025 年 6 月中标合同情况的自愿性披露公告 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、准确性和完整性依法承担法律责任。 风险提示：上述项目已进行中标结果公示，尚未与招标人签订相关正式合同， 存在不确定性，因受具体交货批次和现场施工进度影响，对2025年业绩影响存在 不确定性。敬请广大投资者谨慎决策，注意防范投资风险。 一、中标项目的相关情况 | | 项目一 | | --- | --- | | 一、项目基本情况 | | | 1.项目名称 | 中国南方电网有限责任公司 2025 年数字变电站、数字 输电和智能配电系列传感终端以及北斗终端第一批框 | | | 架招标项目 | | 2.招标人 | 中国南方电网有限责任公司 | | 3.中标金额 | 2,749.72 万元人民币 | | 4.中标基本情 | 架空输电线路山火监测装置云南广西超高压贵州包 1 （1,652.61 万元人民币） | | 况 | 配电视联融合终端（球型）深圳云南海南贵州广西包 ...

Group 1 - The company has won a bid from China Southern Power Grid Co., Ltd. for the first batch of framework bidding projects related to digital substations, digital transmission, smart distribution series sensor terminals, and Beidou terminals for 2025, with a bid amount of 27.4972 million RMB [1] - The bid amount represents 1.00% of the company's audited operating revenue for the fiscal year 2024 [1] - There is uncertainty regarding the impact on the company's performance in 2025 due to factors such as specific delivery batches and on-site construction progress [1]

Investment Rating - The communication industry is rated as "Overweight," indicating that the industry index is expected to outperform the market index by more than 10% in the next six months [43]. Core Insights - The communication industry has shown a steady performance, with a cumulative revenue of 748.8 billion yuan in the first five months of 2025, reflecting a year-on-year growth of 1.4% [17][19]. - The industry is currently experiencing a period of technological iteration and policy benefits, with emerging sectors such as AI, quantum communication, and low-altitude economy expected to drive growth [3][40]. - The report emphasizes the importance of focusing on three main lines of opportunity: "technology commercialization + policy catalysis + performance certainty" for companies in the sector [3][40]. Summary by Sections 1. Industry Market Review - The communication sector index increased by 4.14% over the past two weeks (June 13-26), outperforming the CSI 300 index by 2.75 percentage points, ranking 4th among 31 primary industries [11][12]. - The sector has seen a cumulative increase of 10.01% in June, again outperforming the CSI 300 index by 7.25 percentage points [11][12]. 2. Industry News - Google launched the Imagen 4/Ultra series AI image generation model, priced from $0.04 per image [16]. - China Mobile announced a procurement of 200,000 TDD antennas, with eight companies winning the bid [20]. - Huawei's executive stated that by 2030, there will be nearly 10 billion personal AI agents globally [21]. 3. Company Announcements - Dream Network Technology plans to acquire 100% of Bicheng Digital for 1.28 billion yuan [24]. - Zhongtian Technology won multiple communication and power project bids totaling 3.617 billion yuan [26]. 4. Industry Data Updates - As of May 2025, the mobile phone user base reached approximately 1.807 billion, a year-on-year increase of 2.71% [27]. - The number of internet broadband access users reached about 682 million, up 5.05% year-on-year [28]. - The total number of 5G base stations reached 4.486 million, with a net increase of 235,000 since the end of the previous year [19][36]. 5. Weekly Perspective on the Communication Sector - The report suggests that the demand for bandwidth and latency driven by emerging businesses like AI will continue to push the development of optical networks towards greater capacity and lower latency [3][40]. - Investment opportunities are highlighted in companies such as China Telecom, FiberHome, and Weisheng Information, which are expected to benefit from ongoing infrastructure developments [40][42].

Investment Rating - The report maintains a "Strong Buy" rating for the company [4]. Core Views - The company is a leading provider of energy IoT solutions, showcasing strong internal growth momentum with significant revenue and profit increases projected for the coming years [7]. - The international expansion strategy has yielded notable results, with a focus on the Middle East and the establishment of an overseas factory in Indonesia, driving substantial growth in international revenue [7]. - The company is well-positioned to benefit from increased investments in the domestic power grid, with a projected total investment of over 6,500 billion yuan by the State Grid in 2025 [7]. - The development of self-researched chips creates a competitive edge, ensuring a robust order backlog that supports future growth [7]. - The company is expected to see significant profit growth from 2025 to 2027, with attractive valuation metrics [7]. Company Overview - The company specializes in providing comprehensive IoT solutions across the entire industry chain, including sensing, networking, and application layers [12]. - Key products include electric monitoring terminals, water and gas sensors, communication gateways, and IoT application solutions [12][16]. Financial Data and Valuation - Projected total revenue for 2023 is 2,225 million yuan, with a year-on-year growth of 11%, and expected to reach 6,146 million yuan by 2027 [3]. - The net profit attributable to shareholders is projected to grow from 525 million yuan in 2023 to 1,280 million yuan in 2027, reflecting a compound annual growth rate of approximately 27% [3]. - The company’s current price-to-earnings (PE) ratio is 31.3, expected to decrease to 12.8 by 2027, indicating an attractive valuation [3]. Industry Overview - The electric monitoring terminal market is experiencing rapid growth due to the acceleration of smart grid construction and the digital transformation of industries [25]. - The demand for water, gas, and heat sensing terminals is increasing, driven by the need for efficient resource management in urban public utilities [28]. - Communication modules are essential for enabling data transmission between devices, with a growing market for smart home and industrial applications [32]. Investment Logic - The company’s early market positioning and dual growth drivers from the Middle East and emerging markets are expected to create future value [7]. - Record-breaking investments in the power grid are anticipated to enhance the company’s growth prospects in the smart grid sector [7]. - The collaboration with leading enterprises and strategic partnerships in the IoT space strengthens the company’s market position [20][21].

Market Overview - The Shanghai Composite Index rose by 0.52% on June 11, with 28 out of the 31 sectors experiencing gains. The top-performing sectors were non-ferrous metals and agriculture, forestry, animal husbandry, and fishery, with increases of 2.21% and 2.02% respectively [1] - Conversely, the sectors that saw declines included pharmaceuticals and biotechnology, telecommunications, and beauty care, with decreases of 0.41%, 0.28%, and 0.10% respectively. The telecommunications sector ranked second in terms of decline [1] Capital Flow Analysis - The net inflow of capital in the two markets was 1.506 billion yuan, with 14 sectors experiencing net inflows. The non-bank financial sector led with a net inflow of 4.469 billion yuan and a rise of 1.90%, followed by the automotive sector, which saw a 1.70% increase and a net inflow of 2.750 billion yuan [1] - In contrast, 17 sectors experienced net outflows, with the pharmaceuticals and biotechnology sector leading with a net outflow of 2.629 billion yuan. The basic chemicals sector followed with a net outflow of 1.909 billion yuan, along with significant outflows in telecommunications, electric equipment, and banking sectors [1] Telecommunications Sector Performance - The telecommunications sector declined by 0.28%, with a total net outflow of 1.359 billion yuan. Out of 127 stocks in this sector, 52 rose, including one that hit the daily limit, while 66 fell [2] - Notably, the stocks with the highest net inflows included Chutianlong, with a net inflow of 255 million yuan, followed by Hengbao and Yitong Century, with inflows of 116 million yuan and 44.586 million yuan respectively [2] - The stocks with the highest net outflows included Xinyi Sheng, with a net outflow of 435.88 million yuan, China Unicom with 174.598 million yuan, and Yongding with 120.577 million yuan [3]

| 专利号 | 专利名称 | 专利权人 | | --- | --- | --- | | ZL201410049330.X | 用于配电自动化终端的 测控系统及其测控模组 | 威胜信息技术股份有限公司 | 上述专利应用于配电网监测与控制技术领域，设计了配电网故障高精度实时 监控技术及应用体系，大大提高了配电网故障检测准确度，减少控制影响时间， 提高了设备集成度。 证券代码：688100 证券简称：威胜信息 公告编号：2025-038 威胜信息技术股份有限公司 关于自愿披露获得第二十五届中国专利优秀奖 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、准确性和完整性依法承担法律责任。 近日，国家知识产权局发布《国家知识产权局关于第二十五届中国专利奖授 奖的决定》，威胜信息技术股份有限公司（以下简称"公司"）的一项专利荣获 第二十五届中国专利优秀奖，具体情况如下： 公司坚持聚焦市场需求，重视研发创新，持续加大研发投入。此次获奖，是 对公司产品研发能力的高度认可，有利于发挥公司自主知识产权优势，提升公司 技术创新能力和核心竞争力。 公司获得"第二十五届中国专 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [6] Core Viewpoints - The report maintains a positive outlook on the AI industry as a key investment theme for the year, anticipating that 2025 may become a pivotal year for domestic AI infrastructure competition and application development [3][19] - The report emphasizes the importance of monitoring AI industry dynamics and investment opportunities in AI applications, as well as the potential for growth in the satellite internet sector due to recent domestic developments [3][20] Summary by Sections 1. Artificial Intelligence and Digital Economy - Key recommendations include: - Optical modules & optical devices: Focus on companies like Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology [4][22] - Switches and server PCBs: Recommended companies include Hudian Co., ZTE, and Unisplendour [4][22] - Low valuation, high dividend companies in cloud and computing IDC resources: China Mobile, China Telecom, and China Unicom [4][22] - AIDC & cooling solutions: Key recommendations include Yingweike and Runze Technology [4][22] - AIGC applications/edge computing: Focus on companies like Guohua Communication and Meige Intelligent [4][22] 2. Offshore Wind and Submarine Cables - Key recommendations for submarine cables: Hengtong Optic-Electric, Zhongtian Technology, and Oriental Cable [5][23] - Focus on recovery and concentration of leading companies in overseas markets, with recommendations including Huace Navigation and Weisheng Information [5][23] 3. Satellite Internet and Low-altitude Economy - Accelerated development of low-orbit satellites and low-altitude economy, with key recommendations including Huace Navigation and Haige Communication [6][24] - Suggested companies to watch include Chengchang Technology and Zhenlei Technology [6][24] 4. Industry Performance Review - The communication sector rose by 5.06% during the week of June 3-6, outperforming the CSI 300 index by 4.18 percentage points [25] - Notable individual stock performances included Huamai Technology and Zhongjia Bochuang, both showing significant gains [26][29]

证券代码：688100 证券简称：威胜信息 公告编号：2025-036 威胜信息技术股份有限公司 关于 2025 年 5 月中标合同情况的自愿性披露公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 中标项目：南方电网电力科技股份有限公司终端核心板定制化服务项目中标 金额5,400万元人民币；国家电网有限公司2025年第三十一批采购（营销项目第 一次计量设备招标采购）项目中标金额4,682.95万元人民币；南方电网互联网服 务有限公司2025年第二批电力设备系列科创产品服务框架项目中标金额3,250万 元人民币。 风险提示：上述项目已进行中标候选人公示，尚未与招标人签订相关正式合 同，存在不确定性，因受具体交货批次和现场施工进度影响，对2025年业绩影响 存在不确定性。敬请广大投资者谨慎决策，注意防范投资风险。 一、 中标项目的相关情况 项目一 项目二 一、项目基本情况 国家电网有限公司 2025 年 南方电网电力科技股份 第三十一批采购（营销项目 第一次计量设备招标采购） 制化服务项目 项目 南方电网电 ...

证券代码：688100 证券简称：威胜信息 公告编号：2025-037 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： | 回购方案首次披露日 | 2025/1/15 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 2025 1 15 1 | 月 | 日~2026 | 年 | 月 | 日 14 | | 预计回购金额 | 10,000万元~15,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 326.97万股 | | | | | | | 累计已回购股数占总股本比例 | 0.6650% | | | | | | | 累计已回购金额 | 11,698.01万元 | | | | | | | 实际回购价格区间 | 33. ...

证券代码：688100 证券简称：威胜信息 公告编号：2025-036 威胜信息技术股份有限公司 关于 2025 年 5 月中标合同情况的自愿性披露公告 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、准确性和完整性依法承担法律责任。 二、项目中标对公司的影响 以上项目中标金额为人民币 13,332.95 万元，占公司 2024 年度经审计的营业 总收入的 4.86%，因以上项目受具体交货批次和现场施工进度等影响，对 2025 年业绩影响存在不确定性，但合同的履行期间预计将对公司业绩产生积极的影 响。 重要内容提示： 中标项目：南方电网电力科技股份有限公司终端核心板定制化服务项目中标 金额5,400万元人民币；国家电网有限公司2025年第三十一批采购（营销项目第 一次计量设备招标采购）项目中标金额4,682.95万元人民币；南方电网互联网服 务有限公司2025年第二批电力设备系列科创产品服务框架项目中标金额3,250万 元人民币。 风险提示：上述项目已进行中标候选人公示，尚未与招标人签订相关正式合 同，存在不确定性，因受具体交货批次和现场施工进度影响，对2 ...