证券代码：688248 证券简称：南网科技 公告编号：2026-008 南方电网电力科技股份有限公司 关于续聘公司 2026 年度财务报告审计机构的公告 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个别及连带责任。 重要内容提示： 拟续聘的会计师事务所名称：立信会计师事务所（特殊普通合伙）（以 下简称"立信"） 公司审计与风险委员会、董事会对本次拟续聘会计师事务所事项无异议。 本事项尚需提交股东会审议。 （一）机构信息 1.基本信息 立信由我国会计泰斗潘序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的特殊普通合伙制会计师事务所，注册地址为上海市， 首席合伙人为朱建弟先生。立信是国际会计网络 BDO 的成员所，长期从事证券 服务业务，新证券法实施前具有证券、期货业务许可证，具有 H 股审计资格， 并已向美国公众公司会计监督委员会（PCAOB）注册登记。 截至 2025 年末，立信拥有合伙人 300 名、注册会计师 2,523 名、从业人员 总数 9,933 名，签署过证券服务业务审计报告的注册会计 ...

一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。审计委员会对董事会建立和实施内部控制进行监督。经理层负责 组织领导企业内部控制的日常运行。公司董事会及董事、高级管理人员保证本报告内容不存在任何虚假 记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制评价结果推测未来内部控制的有效性具有一定的风险。 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是 √否 公司代码：688248 公司简称：南网科技 南方电网电力科技股份有限公司 2025年度内部控制评价报告 南方电网电力科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制 ...

关于南方电网电力科技股份有限公司 2025 年涉及财务公司关联交易的专项说明 关于南方电网电力科技股份有限公司 2025 年度 涉及财务公司关联交易的专项说明 信会师报字[2026]第 ZM10465 号 南方电网电力科技股份有限公司全体股东： 我们审计了南方电网电力科技股份有限公司(以下简称"南网科 技公司")2025 年度的财务报表，包括 2025 年 12 月 31 日的合并及母 公司资产负债表、2025 年度合并及母公司利润表、合并及母公司现 金流量表、合并及母公司所有者权益变动表和相关财务报表附注，并 于 2025 年 3 月 27 日出具了报告号为信会师报字[2026]第 ZM10497 号的无保留意见审计报告。 南网科技公司管理层根据中国证券监督管理委员会《关于规范上 市公司与企业集团财务公司业务往来的通知》（证监发〔2022〕48 号）和《上海证券交易所上市公司自律监管指引第 5 号——交易与关 联交易》的相关规定编制了后附的南网科技公司 2025 年度涉及财务 公司关联交易汇总表（以下简称"财务公司关联交易汇总表"）。 编制财务公司关联交易汇总表并确保其真实、准确、完整是南网 科技公司管理层 ...

南方电网电力科技股份有限公司 董事会审计与风险委员会 2025 年度履职情况报告 根据《上市公司治理准则》《上海证券交易所科创板股票上市规则》和《南 方电网电力科技股份有限公司章程》《南方电网电力科技股份有限公司审计与风 险委员会工作规则》等相关规定，南方电网电力科技股份有限公司（以下简称"公 司"）董事会审计与风险委员会全体委员本着勤勉尽责的原则，恪尽职守，认真 履行董事会赋予的职责。现将 2025 年度履职情况报告如下： 一、审计与风险委员会基本情况 公司第二届董事会审计与风险委员会由独立董事谭燕、独立董事刘颖及董事 原蔚鹏 3 名成员组成，独立董事谭燕为会计专业人士并担任主任委员（召集人）。 3 名董事均具备相关的专业知识和从业经验，能够胜任审计与风险委员会的工 作。 （三）第二届董事会审计与风险委员会第十二次会议 2025 年 5 月 27 日召开第二届董事会审计与风险委员会第十二次会议，会议 审议通过了《关于修订〈公司审计与风险委员会工作规则〉的议案》《关于制定 〈公司尽职免责管理规定（试行）〉的议案》。 1 （四）第二届董事会审计与风险委员会第十三次会议 2025 年 8 月 27 日召开第二届董 ...

南方电网电力科技股份有限公司2025 年年度报告 公司代码：688248 公司简称：南网科技 南方电网电力科技股份有限公司 2025 年年度报告 1 / 299 南方电网电力科技股份有限公司2025 年年度报告 重要提示 一、本公司董事会及董事、高级管理人员保证年度报告内容的真实性、准确性、完整性，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司上市时未盈利且尚未实现盈利 □是 √否 三、重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本 报告第三节"管理层讨论与分析"中的"四、风险因素"部分。 四、公司全体董事出席董事会会议。 五、立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 六、公司负责人姜海龙、主管会计工作负责人叶敏娜及会计机构负责人（会计主管人员）陈雅莉 声明：保证年度报告中财务报告的真实、准确、完整。 七、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司2025年度拟以实施权益分派股权登记日登记的总股本为基数，向全体股东每10股派发现 金红利1.82元（含税），不送红股、不以资本公积金 ...

证券代码：688248 证券简称：南网科技 公告编号：2026-006 南方电网电力科技股份有限公司 关于公司 2025 年末期利润分配方案的公告 重要内容提示： 南方电网电力科技股份有限公司（以下简称"公司"）2025 年末期利润 分配方案为：每 10 股派发现金红利 1.82 元（含税），不送红股，不进行资本公 积金转增股本。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 若公司股本总额在分配预案披露后至实施权益分派的股权登记日期间， 因新股股份上市、股权激励授予行权、股份回购等事项而发生变化的，公司拟维 持每股分配比例不变，调整拟分配的利润总额，并将另行公告具体调整情况。 本次利润分配方案尚需提交公司 2025 年年度股东会审议。 本次利润分配方案不触及《上海证券交易所科创板股票上市规则（2025 年 4 月修订）》（以下简称《科创板股票上市规则》）第 12.9.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 一、利润分配方案内容 （一）利润分配方案的具体内容 经立信会计师事务所（特殊普通合伙）审计，公司 2025 年实现归母净利润 42, ...

Core Insights - The report indicates that the power equipment industry is entering a new prosperity cycle driven by domestic and international resonance, particularly in the renewable energy sector [1] Industry Perspectives Wind Power - The central government is accelerating the development of the marine economy, which is expected to speed up offshore wind construction. The goal is to achieve a cumulative installed capacity of over 100 million kilowatts by the end of the 14th Five-Year Plan [12][13] - The expansion of the EU carbon border adjustment mechanism (CBAM) is expected to increase the demand for green electricity from Eastern foreign trade enterprises, making offshore wind an important supply source [13] - The "green electricity direct connection" policy is evolving from a one-to-one to a one-to-many model, allowing offshore wind to supply multiple industrial parks directly [14] Energy Storage - Geopolitical conflicts are likely to boost household storage demand, with global energy storage orders surging. In February 2026, Chinese companies secured 30 overseas energy storage orders totaling 35.71 GWh [15][16] - The energy transition is expected to accelerate the demand for both household and large-scale energy storage, with significant growth anticipated in overseas markets [16] Lithium Battery - A recent meeting by three government departments reinforced the "anti-involution" policy, promoting the export of the automotive industry and accelerating the globalization of the supply chain [17][18] - In the first two months of 2026, China's automobile exports reached 1.352 million units, a year-on-year increase of 48.4%, with new energy vehicles accounting for over 40% of exports [18] AIDC (AI Data Center) - The GTC 2026 conference highlighted the acceleration of 800V DC deployment, marking a shift towards a new era of AI-driven computing [19][20] - The report emphasizes the importance of energy management in AI data centers, with innovations aimed at improving power efficiency and reducing peak current demand [22][23] Investment Recommendations Wind Power - The report suggests that 2026 and 2027 will be critical years for offshore wind installations and performance realization, recommending companies like Goldwind Technology and Sany Heavy Energy [25] Energy Storage - The energy transition is expected to benefit energy storage, with a focus on leading companies such as Airo Energy and GoodWe [26] Lithium Battery - Investment strategies should focus on price elasticity in the lithium battery sector, recommending companies like CATL and Defu Technology [26] AIDC - The report identifies investment opportunities in the 800V DC and AI computing collaborative sectors, recommending companies like Megmeet and Sifang Co [27]

Core Viewpoint - The article discusses the rapid growth of energy storage driven by the "computing power and electricity synergy" (算电协同) trend, highlighting its significance in global technology and industry competition, particularly in the context of data centers and third-generation semiconductors [2][4]. Group 1: Market Dynamics - The Chinese government has included "computing power and electricity synergy" in its work report, mandating that new intelligent computing centers (AIDC) have a storage capacity ratio of 15%-20% and a green electricity consumption ratio of at least 80% by 2026, with an expected market size of 180 billion yuan [4]. - The global energy storage installation is projected to grow by 60% by 2026, driven by the computing power and electricity synergy, with significant advancements in energy storage projects around data centers in the United States [4]. Group 2: Corporate Strategies - Google has announced a 2.7GW energy plan for its data centers, including 1.6GW of solar energy and 400MW of 4-hour storage, as part of its "self-sufficient energy" model [9]. - Siemens is expanding its AIDC ecosystem by integrating Fluence's battery storage solutions, which will help manage power loads and provide backup power for data centers [10]. - LG Group has launched the "One LG" AIDC strategy, focusing on energy solutions and establishing a lithium iron phosphate battery factory in the U.S. to meet growing AI demand [11][13]. - South Network Technology is developing new storage systems for data centers, aiming to provide stable power support and collaborate with national innovation centers to create advanced power supply architectures [14]. Group 3: Industry Competition - The competition among major tech companies like Google, Siemens, LG, and South Network Technology indicates a shift in the role of energy storage from merely backup power to a critical support for the implementation of computing power and electricity synergy [16]. - The article raises questions about how energy storage will evolve alongside power electronic devices in AIDC and who will define the next generation of energy infrastructure [16].

Group 1 - The core viewpoint of the report is that the power equipment industry is transitioning from "high growth" to "accelerated growth," indicating strong sustainability and certainty in its performance [2][12][27] - The report highlights that the current investment strategy should focus on "marginal changes in growth," emphasizing both G (growth) and Δg (change in growth rate) [2][12][26] - The power equipment sector is expected to experience a high prosperity cycle comparable to the coal industry in 2022, driven by a reversal in performance anticipated in 2025 [3][14] Group 2 - Energy security is projected to bring further valuation premiums to the power equipment sector, as the geopolitical landscape emphasizes the need for energy independence [4][5] - The report outlines three macro trends driving demand for power equipment: reshaping of supply-side dynamics, enhancement of energy system resilience, and the reconfiguration of national strategic reserves [4][5] - The power equipment industry is positioned to benefit from the transition towards domestic energy sources, particularly in wind, solar, and nuclear energy [4][5] Group 3 - Investment recommendations suggest prioritizing segments within the power equipment industry that align with both energy security and growth metrics [5][9] - Key focus areas include battery storage, grid equipment, synergistic computing and electricity solutions, and domestic energy sources [5][9] - The battery storage sector is identified as a core component of national strategic reserves, transitioning from commercial exploration to a strategic material [5][9]

Core Insights - The report emphasizes that the energy crisis and advancements in AI are accelerating the development of the renewable energy industry, presenting significant investment opportunities [1]. Wind Power - The UK has eliminated import tariffs on 33 wind power components, which will reduce manufacturing costs and enhance investment efficiency in the supply chain. This includes key components such as cables and turbine blades [11][12]. - The UK is expected to see a peak in grid connection over the next five years, supported by a record 8.4GW of offshore wind investment [11]. Energy Storage - Government subsidies and the energy crisis are driving rapid growth in household energy storage demand, particularly in Europe and Australia. For instance, Hungary has introduced a subsidy policy covering up to 80% of household storage system costs [13]. - The domestic market is also expected to see significant growth, with projected energy storage demand reaching 154GWh, 254GWh, and 337GWh in 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 40.2%, 65.2%, and 32.5% [14]. Lithium Batteries - Despite high lithium prices, the demand for energy storage remains resilient, with a projected total lithium battery demand of 2423GWh in 2026, a 27% increase from 2025 [17]. - The report notes that the domestic market for energy storage batteries saw a year-on-year increase of 108.9% in early 2026, indicating strong growth potential [16]. Power Equipment - The concept of "computing and electricity collaboration" has been included in the government work report for the first time, marking it as a national strategic deployment. This collaboration aims to address spatial and temporal mismatches in energy supply and demand [18][21]. - The report suggests that investment opportunities will arise in planning, construction, trading, and scheduling within the power equipment sector, particularly for companies involved in supporting computing power and renewable energy integration [26]. Investment Recommendations - For wind power, the report recommends focusing on companies with high overseas customer ratios and those actively promoting offshore wind deployment, such as Goldwind Technology and Sany Heavy Energy [23]. - In energy storage, leading companies like Dewei Co., Airo Energy, and Goodwe are highlighted as key players to watch [24]. - The lithium battery sector is advised to focus on companies with pricing elasticity, including CATL and EVE Energy [25]. - In the power equipment sector, companies like Southern Power Grid Technology and Fuling Electric are recommended for their roles in supporting the new energy infrastructure [26].