Investment Rating - The industry investment rating is "Buy" with expectations for stock performance to exceed the market by more than 10% over the next 12 months [4]. Core Insights - The report highlights a historic investment opportunity in the "computing power and electricity collaboration" driven by government initiatives and the rapid development of renewable energy sources [4]. - The report emphasizes the importance of integrating artificial intelligence with electricity supply to enhance economic and social development, as outlined in the recent government work report and the draft of the 15th Five-Year Plan [4]. - The collaboration between computing power and electricity is expected to lead to significant infrastructure investments, particularly in green electricity and data centers, which are projected to see substantial growth in electricity consumption [4]. Summary by Sections Government Initiatives - The government has prioritized the development of a new intelligent economy, promoting the commercialization of artificial intelligence and the construction of large-scale computing power infrastructure [4]. - The draft of the 15th Five-Year Plan emphasizes the need for a robust data market and efficient supply of computing power, algorithms, and data resources [4]. Renewable Energy and Data Centers - The rapid growth of renewable energy in China, with over 430 million kilowatts of new wind and solar capacity added in 2025, is expected to provide competitive electricity prices and sufficient power supply [4]. - Data centers are projected to see an annual electricity consumption growth rate of approximately 20% from 2024 to 2030, with total electricity consumption reaching about 525.8 billion kilowatt-hours by 2030, accounting for 4.8% of total national electricity consumption [4]. Investment Recommendations - The report suggests focusing on companies providing power supply services for computing power, such as Southern Power Grid Technology and Fuling Power [4]. - It also recommends companies involved in computing power construction and services, including China Communication Services and State Grid Information & Communication [4]. - Additionally, it highlights data center power equipment providers like Sifang Co., Jinpan Technology, and Zhongheng Electric as potential investment opportunities [4].

Investment Rating - The industry investment rating is "Buy" with an expectation of stock performance exceeding the market by over 10% in the next 12 months [4]. Core Insights - The report emphasizes the acceleration of comprehensive green transformation in response to domestic and international trends, particularly highlighted by recent government meetings and policies aimed at promoting green energy [3][8]. - The report identifies significant opportunities in the energy sector due to increasing energy security demands and the urgent need for green energy development, driven by recent power shortages globally [8]. - The "14th Five-Year Plan" outlines major goals for economic and social development, focusing on accelerating the growth of strategic emerging industries, including renewable energy, hydrogen energy, and nuclear fusion [8]. Summary by Sections Industry Overview - The report discusses the pressing need for energy security and the potential for green energy to fill this gap, especially in light of recent global power outages [8]. - It highlights the increasing pressure on renewable energy sources and the necessity for advancements in energy storage solutions to meet future carbon neutrality goals [8]. Market Mechanisms - The report notes a significant transformation in the pricing mechanisms of the electricity sector, with the potential for green energy values to be effectively priced, thus promoting its development [8]. - New business models and market practices are emerging, such as direct connections for green electricity, which enhance the competitiveness of renewable energy pricing [8]. Investment Recommendations - The report suggests focusing on specific companies within the energy storage, hydrogen energy, nuclear fusion, and green electricity sectors, including HaiBo SiChuang, NanWang KeJi, and others [8][9]. - It recommends monitoring companies like SiYuan Electric and TeRuiDe for their potential in the electric equipment sector [9].

报告期内，公司坚持创新驱动，深耕主营业务，积极开拓市场，经营规模稳步扩大，营收利润稳健增 长;同时，公司资产结构持续优化，盈利和积累能力不断增强，实现资产质量与股东价值同步提升。 南网科技(688248.SH)发布2025年度业绩快报，2025年公司实现营业总收入36.88亿元，较上年增长 22.40%;实现归属于母公司所有者的净利润4.21亿元，较上年增长15.42%。 ...

报告期内，公司坚持创新驱动，深耕主营业务，积极开拓市场，经营规模稳步扩大，营收利润稳健增 长;同时，公司资产结构持续优化，盈利和积累能力不断增强，实现资产质量与股东价值同步提升。 智通财经APP讯，南网科技(688248.SH)发布2025年度业绩快报，2025年公司实现营业总收入36.88亿 元，较上年增长22.40%;实现归属于母公司所有者的净利润4.21亿元，较上年增长15.42%。 ...

（文章来源：证券日报） 证券日报网讯 2月26日，南网科技发布公告称，公司2025年实现营业总收入368843.94万元，同比增长 22.40%；归属于母公司所有者的净利润42135.42万元，同比增长15.42%。 ...

证券日报网讯 2月26日，南网科技发布公告称，公司董事会于2026年2月25日收到董事薛宇伟先生因达 到法定退休年龄提交的书面辞职报告，其申请辞去公司第二届董事会董事及董事会战略与投资委员会委 员职务，辞职后不再担任公司及控股子公司任何职务。 （文章来源：证券日报） ...

格隆汇2月26日｜南网科技(688248.SH)公告称，南网科技发布2025年度业绩快报，营业总收入为36.88亿 元，同比增长22.40%；归属于母公司所有者的净利润为4.21亿元，同比增长15.42%。公司经营规模稳步 扩大，营收利润稳健增长。 ...

格隆汇2月26日丨南网科技(688248.SH)公布，公司于2026年2月25日收到公司董事薛宇伟先生的书面辞 职报告。薛宇伟先生因达到法定退休年龄，申请辞去公司第二届董事会董事和董事会战略与投资委员会 委员职务，辞职后，不在公司及其控股子公司担任任何职务。 ...

南方电网电力科技股份有限公司 证券代码：688248 证券简称：南网科技 公告编号：2026-004 南方电网电力科技股份有限公司（以下简称"公司"）于2026年2月25日收 到公司董事薛宇伟先生的书面辞职报告。薛宇伟先生因达到法定退休年龄，申请 辞去公司第二届董事会董事和董事会战略与投资委员会委员职务，辞职后，不在 公司及其控股子公司担任任何职务。 薛宇伟先生的原定任期为2023年11月23日至2026年11月22日，根据《中华人 民共和国公司法》《上海证券交易所科创板股票上市规则》《南方电网电力科技 股份有限公司章程》等规定，薛宇伟先生辞职自辞职报告送达公司时生效。 截至本公告披露日，薛宇伟先生未持有公司股份，不存在应当履行而未履行 的承诺事项，并已按照公司离职相关管理规定做好工作交接。辞职后，将持续遵 守法律法规对离任董事的相关合规要求。薛宇伟先生的辞职不会导致公司董事会 成员低于法定最低人数，不会影响公司董事会正常运作和公司正常生产经营。薛 宇伟先生在担任公司董事期间勤勉敬业，恪尽职守，公司及董事会对其在职期间 为公司发展所做出的贡献表示衷心感谢！ 关于公司董事辞职的公告 本公司董事会及全体董事保证本 ...

报告期内，公司坚持创新驱动，深耕主营业务，积极开拓市场，经营规模稳步扩大，营收利润稳健增 长；同时，公司资产结构持续优化，盈利和积累能力不断增强，实现资产质量与股东价值同步提升。 格隆汇2月26日丨南网科技(688248.SH)公布2025年度业绩快报，2025 年公司实现营业总收入36.88亿 元，较上年增长22.40%；实现营业利润4.71亿元，较上年增长14.54%；实现利润总额4.69亿元，较上年 增长14.40%；实现归属于母公司所有者的净利润4.21亿元，较上年增长15.42%；实现归属于母公司所有 者的扣除非经常性损益的净利润4.08亿元，较上年增长18.13%。 ...