南网科技公司以浙江海盐某园区为示范，推出慧享园区储能协同运营方案，构建源网荷储一体化智能微 网体系。方案集成风光储充自治微电网等技术，建设7.15MW风力发电、5.03MWp光伏发电、 5MW/10MWh储能示范站等设施，应用日前-日内实时滚动模型调度，以经济绿色、高效消 ...[查看原文] ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688248 证券简称：南网科技公告编号：2025-035 ● 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为336,300,000股。 本次股票上市流通总数为336,300,000股。 ● 本次股票上市流通日期为2025年12月23日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于2021年11月9日出具的《关于同意南方电网电力科技股份有限公司首次 公开发行股票注册的批复》（证监许可〔2021〕3567号），同意南方电网电力科技股份有限公司（以下 简称"公司"）首次公开发行股票的注册申请。公司首次向社会公众公开发行人民币普通股（A股）股票 84,700,000股，并于2021年12月22日在上海证券交易所科创板上市，发行完成后总股本为564,700,000 股，其中有限售条件流通股491,870,031股，无限售条件流通股72,829,969股。 本次上市流通的限售股为公司首次公开发行剩余限售股，涉及公司控股股东广东电网有限责任公司（以 下简称"广东电网"）及南方电网产业发展集团有限责任公司（以下简称"南网产发"）2名 ...

首次公开发行限售股上市流通公告 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。 证券代码：688248 证券简称：南网科技 公告编号：2025-035 南方电网电力科技股份有限公司 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 336,300,000股。 本次股票上市流通总数为336,300,000股。 本次申请上市流通的限售股属于首次公开发行限售股。根据公司《首次公开 发行股票并在科创板上市招股说明书》，公司控股股东广东电网及其一致行动人 南网产发关于其持有的限售股上市流通作出的有关承诺情况如下：自公司股票上 市之日起 36 个月内，不转让或者委托他人持有或管理其直接或间接持有的首次公 开发行前公司的股份，也不提议由公司收购该部分股份。公司股票上市后 6 个月 内，如公司股票连续 20 个交易日的收盘价均低于发行价，或者公司股票上市后 6 个月期末收盘价低于发行价，则其于首次公开发行前所持有公司股份的锁定期限 自动延长至少 6 个月。上述发行价是指首次公开发行股票的发行价格，如因派发 现 ...

中信建投证券股份有限公司 关于南方电网电力科技股份有限公司 本次上市流通的限售股为公司首次公开发行剩余限售股，涉及公司控股股东 广东电网有限责任公司（以下简称"广东电网"）及南方电网产业发展集团有限 责任公司（以下简称"南网产发"）2 名股东，锁定期为自公司股票上市之日起 48 个月内。本次限售股股东对应的股份数量为 336,300,000 股，占公司股本总数 的 59.55%，本次解除限售并申请上市流通股份数量合计 336,300,000 股，现锁定 期即将届满，将于 2025 年 12 月 23 日起上市流通。 二、本次上市流通的限售股形成后至今公司股本数量变化情况 自公司首次公开发行股票限售股形成至今，公司未发生因利润分配、公积金 转增导致股本数量变化的情况。 三、本次上市流通的限售股的有关承诺 本次申请上市流通的限售股属于首次公开发行限售股。根据公司《首次公开 发行股票并在科创板上市招股说明书》，公司控股股东广东电网及其一致行动人 南网产发关于其持有的限售股上市流通作出的有关承诺情况如下：自公司股票上 市之日起 36 个月内，不转让或者委托他人持有或管理其直接或间接持有的首次 公开发行前公司的股份，也 ...

每经AI快讯，南网科技（SH 688248，收盘价：43.65元）12月15日晚间发布公告称，公司限售股份约 3.36亿股将于2025年12月23日解禁并上市流通，占公司总股本比例为59.55%。 2025年1至6月份，南网科技的营业收入构成为：技术服务占比57.44%，智能设备占比42.51%，其他业 务占比0.05%。 （记者 曾健辉） 截至发稿，南网科技市值为246亿元。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 ...

南财智讯12月15日电，南网科技公告，本次上市流通的限售股为公司首次公开发行剩余限售股，总数为 336300000股，占公司总股本的59.55%。该部分股份锁定期为自公司股票上市之日起48个月，将于2025 年12月23日起上市流通。本次解除限售的股东包括广东电网有限责任公司和南方电网产业发展集团有限 责任公司，分别解除限售243178530股和93121470股，解除后无剩余限售股。上述股东已严格履行相关 承诺，保荐机构中信建投证券对公司本次限售股上市流通事项无异议。 ...

Investment Rating - The report maintains an "Overweight" rating for the computer sector [4]. Core Insights - Recent developments in the AI industry show significant progress in both specialization and terminalization, exemplified by OpenAI's breakthrough with the GPT-5.2 model and Zhipu AI's promotion of mobile AI [2][4]. - The U.S. has conditionally approved the export of Nvidia's H200 chips to China, but this comes with stringent restrictions that may impact supply chain stability [4]. - The commercial aerospace sector is witnessing efficient deployment, highlighted by the successful high-frequency launches of the Long March 12 rocket and the establishment of the "Space Computing Joint Laboratory" [4]. Summary by Sections AI Technology Developments - AI technology has made notable advancements in specialization and terminalization, with OpenAI's GPT-5.2 achieving human expert-level performance in key benchmarks and Zhipu AI's Open-AutoGLM enabling mobile AI capabilities [2][4]. U.S.-China Technology Relations - The U.S. has conditionally relaxed export controls on AI chips to China, allowing Nvidia to sell its H200 chips, but with dual constraints including generational technology locks and a 25% sales commission to the U.S. Treasury [4]. Commercial Aerospace Progress - The Long March 12 rocket successfully launched 16 low-orbit satellites within 32 days, demonstrating high-efficiency deployment capabilities, while the "Space Computing Joint Laboratory" aims to enhance domestic autonomous capabilities [4]. Recommended Stocks - The report recommends stocks such as Hand Information, Sunlink Technology, Kingsoft Office, Hehe Information, Hikvision, Newland, Daotong Technology, and Haiguang Information, with a focus on their projected earnings and market performance [5].

证券时报·数据宝统计显示，南网科技今日收盘价为44.29元，上涨2.50%，日换手率为2.05%，成交额为 2.05亿元，全天主力资金净流出130.82万元，近5日该股累计下跌0.34%，近5日资金合计净流入874.27万 元。 两融数据显示，该股最新融资余额为3.15亿元，近5日增加336.89万元，增幅为1.08%。 据天眼查APP显示，南方电网电力科技股份有限公司成立于1988年02月22日，注册资本56470万人民 币。（数据宝） 南网科技12月12日大宗交易平台出现一笔成交，成交量5.60万股，成交金额248.02万元，大宗交易成交 价为44.29元。该笔交易的买方营业部为中信证券股份有限公司深圳深南中路中信大厦证券营业部，卖 方营业部为机构专用。 12月12日南网科技大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营业部 | 卖方营 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 溢价（%） | | 业部 | | 5.60 | 248.02 | 44.29 | 0.00 | 中信证券股份有 ...

Core Insights - The report emphasizes that the computer industry is driven by model iteration, application breakthroughs, and domestic computing power leadership, with a buy rating for the sector [2][4][17]. Industry Overview - The AI infrastructure sector is transitioning from "testing and trial" to "large-scale rollout in 2026" for domestic AI chip replacements, with a narrowing gap between domestic and international leading models [8][17][26]. - The AI application sector is categorized into three types of companies: those with recognized benchmark clients but in early stages, those with long-term trends but uncertain timelines, and those leveraging AI with reachable inflection points [8][17][19]. - The EDA and R&D software sector is seeing rapid improvement in domestic product capabilities, with mergers and acquisitions expected to accelerate due to policy support [8][17][21]. - In the intelligent driving and robotics sector, the report suggests focusing on competitive chip tracks, overseas expansion, and new autonomous driving opportunities, recommending global AMR leader Geek+ [8][18][21]. - The report notes that traditional trust and innovation directions are facing funding delays, while the release of HarmonyOS PC in 2025 is seen as a catalyst for business growth and technological upgrades [8][18][21]. - The energy information sector is expected to benefit from stable capital expenditures and market reforms, although policy implementation timelines need to be monitored [8][18][21]. Key Companies - In the AI infrastructure sector, recommended companies include Cambricon, Inspur, and Unisoc, with attention to Sugon [8][19]. - For AI applications, notable companies are Jingtaikong, Rainbowsoft, and Kingdee International, with additional focus on Hancloud and Guangyun Technology [8][19][21]. - In the intelligent driving and robotics sector, key players include Geek+, Black Sesame Intelligence, and Rui Ming Technology, with recommendations to monitor Desay SV and SOTER [8][19][21]. - In the EDA and R&D software sector, companies like GigaDevice, Gexin Electronics, and BGI are highlighted, with attention to Zhongkong Technology and Haocen Software [8][19][21]. - For trust and innovation, recommended companies include Kingsoft and Softcom, with additional focus on Taiji Co. and China Software International [8][19][21]. - In the energy information sector, notable companies are Guoneng Rixin and Longxin Group, with attention to State Grid Information and South Grid Digital [8][19][22].

Core Insights - The AI industry faces significant challenges primarily related to power supply rather than chips or talent, highlighting the critical role of power management in AI servers [1] - The global AI server power market is projected to grow exponentially, from $7.4 billion in 2025 to $32.5 billion by 2027, with a compound annual growth rate (CAGR) of 110% [1] - Domestic manufacturers are increasingly entering the AI server power supply market, with current domestic replacement rates estimated at 10-20% [1] Market Trends - AI server power architecture is undergoing a transformation, with three key levels: power supply systems (UPS, HVDC, PDU), AC-DC conversion (PSU, PMC, BBU), and DC-DC conversion (PDB, VRM) [3] - The shift towards high-voltage direct current (HVDC) solutions is gaining momentum, improving system efficiency from 90-95% to 95-98% [3] - Centralized power architectures are being adopted, with PSU power increasing from 5.5kW to over 22kW, and output voltage rising from 48V to 400V [4] Technological Innovations - The use of wide bandgap semiconductor devices like SiC and GaN is becoming central to AI power design, offering higher switching frequencies and lower conduction losses compared to traditional silicon devices [4] - Companies like Jiehua and Chipone Micro are developing advanced power management solutions, including high-current multi-phase power supplies and digital power controllers [5][20] - The introduction of intelligent power stages (DrMOS) is addressing the increased power density requirements of AI servers, with products like Jiehua's 90A DrMOS achieving high efficiency and reliability [7] Company Developments - Jiehua is focusing on comprehensive analog chip solutions for AI servers, with products that have reached international advanced levels [5] - Chipone Micro has launched a series of power chips for AI servers, emphasizing efficiency and reliability in response to rising power density demands [20][22] - Jingfeng Mingyuan has entered the NVIDIA recommended supplier list and is expanding its high-performance computing power chip offerings, achieving significant revenue growth [24][26] Conclusion - The competition in AI is not only about algorithms and chips but also about efficiently and sustainably powering these computational giants, with the value of power management chips for AI servers being 3 to 5 times that of traditional servers [30] - The rise of intelligent power stages (DrMOS), multi-phase controllers, and hot-swappable eFuse as core components for AI servers is evident, with domestic manufacturers increasing their focus on these trends [31]