证券日报网讯威胜信息10月20日在互动平台回答投资者提问时表示，公司持续关注包括海外数据中心在 内的新兴市场机遇，相关业务布局将基于公司战略规划及市场需求推进。 ...

Core Insights - The company has a total of 3.956 billion yuan in hand orders as of June 30, 2025, indicating a strong order backlog [1] - The completion and revenue recognition cycle for these orders varies based on project type, implementation scale, and customer demand [1]

证券日报网讯威胜信息10月20日在互动平台回答投资者提问时表示，威胜信息与威胜控股为独立上市公 司，各自独立承接海外订单。双方是否存在供货合作，需基于市场化原则协商确定。 ...

Core Viewpoint - The report by Zhiyan Consulting highlights a significant decline in the production of electrical instruments and meters in China, with a projected decrease in output for 2025 compared to previous years [1]. Industry Summary - According to data from the National Bureau of Statistics, the production of electrical instruments and meters in China for August 2025 is expected to be 21.77 million units, representing a year-on-year decrease of 12.2% [1]. - From January to August 2025, the cumulative production of electrical instruments and meters in China is reported to be 178.886 million units, showing a cumulative decline of 8.2% [1]. - The report provides a comprehensive analysis of the supply and demand forecast for the Chinese instrument and meter market from 2025 to 2031, indicating potential challenges in the industry [1]. Company Summary - Listed companies mentioned in the report include Weisheng Information (688100), Linyang Energy (601222), Samsung Medical (601567), Haixing Electric (603556), XJ Electric (000400), Pinggao Electric (600312), Guodian Nanzi (600268), *ST Huayi (600290), Dongfang Electronics (000682), and Kelon Electronics (002121) [1].

Investment Rating - The report maintains an "Overweight" rating for the telecommunications industry, expecting the industry index to outperform the market index by over 10% in the next six months [2][40]. Core Insights - The global telecommunications equipment market has shown signs of recovery in the first half of 2025 after two years of investment decline, with significant growth in mobile core networks, optical transmission, and service provider routers and switches [3][15]. - Huawei has maintained its position as the leading telecommunications equipment supplier, capturing 31% of the market share and continuing to expand its market advantage [3][36]. - The telecommunications industry is currently in a phase of technological iteration and policy benefits, with new growth drivers emerging from AI, quantum communication, and low-altitude economy sectors [3][36]. - The report suggests focusing on companies that align with the themes of "technology commercialization + policy catalysis + earnings certainty" [3][36]. Summary by Sections 1. Industry Market Review - The Shenyuan telecommunications sector index fell by 2.70% over the past two weeks (9/26-10/9), underperforming the CSI 300 index by 5.22 percentage points, ranking 29th among 31 sectors [11][12]. - Year-to-date, the telecommunications sector has risen by 63.39%, outperforming the CSI 300 index by 43.70 percentage points [11][12]. 2. Industry News - Dell'Oro Group reported a 4% year-on-year increase in global telecommunications equipment revenue in the first half of 2025, driven by various factors including a lower year-on-year base and stable inventory levels [15]. - LightCounting indicated that AI is taking a dominant role in the market [16]. - The 2025 World Intelligent Connected Vehicle Conference will be held in Beijing, focusing on AI and telecommunications applications in the automotive industry [20]. - The number of AI companies in China has exceeded 5,300, with the industry scale surpassing 900 billion yuan, growing by 24% year-on-year [21]. - The Ministry of Industry and Information Technology has granted China Mobile a license for satellite mobile communication services, enhancing communication capabilities in various scenarios [22]. 3. Company Announcements - Guanghe Communication has approved the global issuance and listing of H shares [23]. - Tianyi Co. signed a procurement framework agreement with China Telecom for dual-band broadband integrated terminals [24]. - Hainengda announced a share transfer agreement involving 5% of its equity [25]. 4. Industry Data Updates 4.1 Telecommunications User Scale Data - As of August 2025, the mobile phone user base reached approximately 1.819 billion, a year-on-year increase of 2.67% [26]. - The internet broadband access user base reached about 689 million, up 4.97% year-on-year [26]. 4.2 Optical Fiber and Cable Data - The length of optical cable lines reached approximately 73.77 million kilometers in Q2 2025, a year-on-year increase of 9.91% [28]. - The optical cable production in August 2025 was 20.44 million core kilometers, a decrease of 10.70% year-on-year [29]. 4.3 5G Development Status - By August 2025, the total number of 5G base stations reached 4.646 million, with a net increase of 395,000 from the end of the previous year [33]. 5. Investment Recommendations - The report recommends focusing on companies such as China Mobile, China Telecom, FiberHome, Yangtze Optical Fibre, and Weisheng Information, which are well-positioned to benefit from the current market dynamics [36].

Core Insights - The article highlights significant fluctuations in the market prices of silver and tin, which have impacted the stock price of Xingye Silver Tin [1] Performance - Chipone Technology expects a record high quarterly revenue of 1.284 billion yuan for Q3 [1] - Great Wall Motors reported a year-on-year sales increase of 23.29% in September [1] - Foton Motor's total vehicle sales in September grew by 6.08% year-on-year, with new energy vehicle sales increasing by 47.77% [1] - BYD experienced a year-on-year decline of 5.52% in new energy vehicle sales in September [1] - Seres saw a year-on-year sales increase of 8.33% in September [1] - BAIC Blue Valley's subsidiary reported a year-on-year sales increase of 30.15% in September [1] - Yonghe Holdings anticipates a year-on-year net profit increase of 211.59% to 225.25% for the first three quarters [1] Shareholding Changes - Huaxing Yuanchuang's shareholders plan to reduce their holdings by no more than 0.9% [1] - Ruile New Materials' shareholders intend to reduce their holdings by no more than 100,800 shares [1] Share Buybacks - Huaxin Cement plans to repurchase shares worth between 32.25 million and 64.5 million yuan [1] Contract Awards - Bomei Technology signed a contract for an offshore floating production storage and offloading vessel project, valued at approximately 190 to 240 million USD [1] - Sichuan Gold acquired exploration rights for the Kugezi-Juebei gold mine in Xinjiang [1] - Weisheng Information won projects totaling 287 million yuan, accounting for 10.45% of the company's expected revenue for 2024 [1] - Innovent Biologics' subsidiary signed a licensing agreement for the drug Orelabrutinib and two preclinical assets, with a total transaction value exceeding 2 billion USD [1] - Runjian Co. plans to bid for a land-based wind power project worth 1.753 billion yuan [1] - Xinjiang Jiaojian intends to bid for a highway construction project valued at 483 million yuan [1] Equity Changes - Delixi Holdings is planning a change in company control, leading to a stock suspension [1] - Bofei Electric plans to transfer 100% equity of its wholly-owned subsidiary Bofei New Energy [1] Other Developments - Dianguang Media holds 4.1288 million shares of Ruili Technology through Dacheng Venture Capital, representing 2.2915% of its post-issue total share capital [1] - Huaxin Cement has terminated plans for a spin-off listing of its overseas subsidiary [1] - Baili Tianheng received approval for clinical trials of BL-ARC001 for late-stage solid tumor treatment [1] - *ST Gaohong received a notice of termination of listing [1] - *ST Jianyi plans to sign an agreement to terminate the investment cooperation for the monocrystalline silicon project and deregister Jianyi Zhengyao [1]

Core Viewpoint - Weisheng Information (688100) announced significant contract wins in September, indicating strong business momentum and potential revenue growth for the company in the upcoming fiscal year [1] Group 1: Contract Wins - In September, the company secured five projects, including the first batch of framework bidding for metering equipment from China Southern Power Grid and the 53rd batch procurement from State Grid Corporation for 2025 [1] - The total contract value for these projects amounts to 287 million yuan, which represents 10.45% of the company's audited total revenue for the fiscal year 2024 [1]

风险提示：上述项目已进行中标结果公示或者中标候选人公示，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。 | | 项目一 | 项目二 | | --- | --- | --- | | 一、项目基本情况 | | | | | 中国南方电网有限责任公司 | 国家电网有限公司 2025 年第五 | | 1.项目名称 2025 | 年计量设备第一批框架招 | 十三批采购（营销项目第二次计 | | | 标项目 | 量设备招标采购）项目 | 证券代码：688100 证券简称：威胜信息 公告编号：2025-056 威胜信息技术股份有限公司 关于 2025 年 9 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： 中国南方电网有限责任公司 2025 年计量设备第一批框架招标项目中标金额 16,897.15 万元人民币；国家电网有限公司 2025 年第五十三批采购（营销项目 第 ...

以上项目中标金额为人民币 28,684.83 万元，占公司2024 年度经审计的营业总收入的 10.45%，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。 格隆汇10月8日丨威胜信息(688100.SH)公布，公司中标项目：中国南方电网有限责任公司 2025 年计量 设备第一批框架招标项目中标金额16,897.15 万元人民币；国家电网有限公司 2025 年第五十三批采购 (营销项目第二次计量设备招标采购)项目中标金额 6,795.66 万元人民币；广东电网有限责任公司 2025 年第二批低压可视化智能终端卡扣式电流互感器框架招标项目中标金额 2,286 万元人民币；国网河南省 电力公司 2025 年第一次非电网零星物资电商化竞争性谈判采购项目中标金额 1,621.50 万元人民币；南 方电网数字电网科技(广东)有限公司 2025 年配电物联开关(电操版)框架采购项目中标金额1,084.52 万元 人民币。 ...

Core Viewpoint - The establishment of the Weisheng Information Technology Center in Yanbu, Saudi Arabia, marks a significant step in the company's overseas expansion, focusing on smart electricity, water management, and smart city services in the Middle East region [1] Group 1 - The Weisheng Information Technology Center was officially inaugurated on September 29 [1] - The center is positioned as a key service provider in the fields of smart electricity, smart water management, and smart cities in Saudi Arabia and the Middle East [1] - This development is part of Weisheng Information's strategic layout in overseas markets [1]