证券代码：688248 证券简称：南网科技 公告编号：2025-032 南方电网电力科技股份有限公司 关于召开 2025 年三季度网上业绩说明会的公告 南方电网电力科技股份有限公司（以下简称"公司"）2025 年 10 月 31 日 披露了 2025 年第三季度报告，为便于广大投资者更全面、更深入地了解公司 2025 年前三季度经营成果及财务状况，公司将于 2025 年 11 月 14 日（星期五） 15:30-16:30 举行业绩说明会，与广大投资者进行互动交流。 一、会议主题及类型 本次业绩说明会以视频结合文字互动的方式召开，公司将针对 2025 年前三 季度的经营成果、财务指标等内容与投资者进行互动交流和沟通，并在信息披露 允许的范围内就投资者关注的问题进行回答。 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： 二、会议时间及地点 1．会议时间：2025 年 11 月 14 日（星期五）15:30-16:30 三、公司参会人员 董事长：姜海龙先生 总会计师：叶敏娜女士 董事会秘书：赵子艺先生 （如有特 ...

Core Insights - The net inflow of main funds into the power grid equipment sector reached 5.962 billion yuan, while retail investors experienced a net outflow of 3.272 billion yuan [2][3] - The power grid equipment sector saw a significant increase of 4.92% on the trading day, with major stocks like Caneng Electric leading the gains [1] Group 1: Stock Performance - Caneng Electric (code: 920299) closed at 24.90 yuan, up 29.96% with a trading volume of 181,100 shares and a transaction value of 402 million yuan [1] - Yinen Electric (code: 920046) closed at 17.95 yuan, up 20.79% with a trading volume of 207,600 shares [1] - Shuangjie Electric (code: 300444) closed at 68.60 yuan, up 20.02% with a trading volume of 2,188,800 shares and a transaction value of 2.003 billion yuan [1] Group 2: Market Trends - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] - The overall trading volume in the power grid equipment sector was robust, indicating strong investor interest [2] Group 3: Fund Flow Analysis - Main funds showed a net inflow of 5.962 billion yuan into the power grid equipment sector, while speculative funds had a net outflow of 2.689 billion yuan [2][3] - Retail investors also experienced a net outflow of 3.272 billion yuan, suggesting a shift in investment strategy among different investor types [2][3]

南方电网电力科技股份有限公司 2025 年第一次临时股东会会议资料 2025 年 11 月 2025 年第一次临时股东会会议资料目录 南方电网电力科技股份有限公司 | 南方电网电力科技股份有限公司 | 年第一次临时股东会会议须知 2025 | 1 | | --- | --- | --- | | 南方电网电力科技股份有限公司 | 2025 年第一次临时股东会会议议程 | 3 | | 南方电网电力科技股份有限公司 | 年第一次临时股东会会议议案 2025 | 5 | | 议案一：公司 2025 | 年中期利润分配方案 | 5 | | 议案二：关于聘请公司 2025 | 年度财务报告审计机构的议案 | 6 | | 议案三：关于修订《公司章程》的议案 | | 7 | 南方电网电力科技股份有限公司 2025 年第一次临时股东会会议资料 证券代码：688248 证券简称：南网科技 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证股 东会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》以及《南方电网电力科技股份有限公司章程》等相关规定， 特制定 2025 年第一次临时 ...

Investment Rating - The report maintains an "Outperform" rating for the computer sector, suggesting a focus on semiconductor supply chains benefiting from eased export controls and AI commercialization driven by technological breakthroughs [4][10]. Core Insights - The easing of US-China tech tensions provides a one-year buffer for the global high-tech supply chain, with the US pausing the "50% penetration rule" and China delaying export controls on rare earths, creating certainty for the flow of key tech components [4][10]. - NVIDIA's GTC conference showcased significant advancements, including the launch of the Vera Rubin chip with a performance increase of 3.3 times, and plans for further enhancements by 2027 [4][10]. - Domestic breakthroughs in AI computing power are highlighted by Moore Threads' successful IPO, raising RMB 8 billion for AI chip development, marking a significant step towards technological autonomy [4][10]. Summary by Sections Investment Recommendations - Key investment targets include Wuxi Unicomp Technology, Beijing Kingsoft Office Software, Hand Enterprise, Hikvision, Newland Digital Technology, Autel, Hygon, with Dawning Information Industry as a related target [4][10]. Market Developments - The report notes that international cooperation and self-sufficiency are emerging as dual tracks in global AI computing power development, with NVIDIA's agreements in South Korea significantly boosting local AI infrastructure [4][10]. Financial Projections - The report includes earnings per share (EPS) forecasts for recommended companies, with notable figures such as Wuxi Unicomp Technology projected to have an EPS of 1.30 in 2025, and Hikvision with an EPS of 1.47 in the same year [5].

Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Views - The turning point for AI software is approaching, with the computer sector showing signs of recovery in revenue and profit, particularly among leading software companies [5][6][7] - Institutional holdings in the computer sector are at historical lows, indicating significant underweighting, which suggests increasing allocation value [5][6] - The performance of major software companies such as Kingsoft Office, Dameng Data, and Foxit Software has been notably strong, indicating a positive trend in the sector [6][8] Summary by Sections Market Review - During the week of October 27 to October 31, 2025, the CSI 300 index fell by 0.43%, while the computer index rose by 1.82 [4][16] Institutional Holdings - As of September 30, 2025, the fund's holding ratio in the computer sector was 2.92%, remaining at historical lows. The total market capitalization of the computer sector accounted for 4.61% of the A-share market [5][12] Revenue and Profit Improvement - In the first three quarters of 2025, the computer sector saw a revenue increase of 3.10% year-on-year and a net profit increase of 3.93%. Cost control measures have significantly improved profit recovery [6][13] AI Model Development - The capabilities of AI models are continuously improving while costs are decreasing, leading to a flourishing application market. For instance, the cost of GPT-5 has dropped significantly compared to its predecessor [7][14] Investment Recommendations - The report recommends several companies for investment, including Kingsoft Office, Hehe Information, and others, highlighting their potential benefits from the ongoing trends in the computer sector [8][15]

Core Insights - The technology growth sector is experiencing a downturn, with the domestic AI industry-focused ETF (589520) showing a decline of 1.93% on October 31, 2025, despite a strong buying interest indicated by continuous premium pricing [1][3] - The ETF's top-performing stocks are primarily in software development, with notable gains from companies like Foxit Software (20% increase) and Hehe Information (14.14% increase), while hardware-related stocks like Stone Technology and Cambrian fell significantly [3][4] - A new five-year plan emphasizes the implementation of "AI+" initiatives, aiming for substantial progress in data-driven urban economic development by the end of 2027 [4] Stock Performance - The top ten stocks in the ETF include Foxit Software, Hehe Information, and Xianghuan Technology, all showing significant gains, while several others in the computing hardware sector faced declines [4][5] - As of October 31, 2025, all 30 constituent stocks of the ETF reported their Q3 earnings, with 20 companies profitable and 22 showing year-on-year net profit growth, led by Cambrian's impressive 321% increase [5][6] Market Outlook - Analysts predict a turning point for domestic AI applications, driven by external environmental changes and domestic policy support, suggesting a significant increase in demand for AI applications [6][7] - The ETF has outperformed other indices since its low point on April 8, 2025, with a cumulative increase of 60.36%, surpassing the broader technology indices [7][8] Policy and Industry Trends - The government is focusing on AI as a key technology for achieving self-sufficiency and security in the context of technological friction, with the ETF strategically positioned in the domestic AI supply chain [7] - The report from QuestMobile indicates that the number of active mobile AI application users in China has surpassed 729 million as of September 2025, highlighting the growing adoption of AI technologies [5]

南方电网电力科技股份有限公司 章程 2025 年 10 月 第 1 页 共 64 页 | 目录 | | --- | | 第一章 | 总则 | 4 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 6 | | 第三章 | 股份 | 7 | | 第一节 | 股份发行 | 7 | | 第二节 | 股份增减和回购 | 8 | | 第三节 | 股份转让 | 10 | | 第四章 | 股东和股东会 | 11 | | 第一节 | 股东的一般规定 | 11 | | 第二节 | 控股股东和实际控制人 | 14 | | 第三节 | 股东会的一般规定 | 15 | | 第四节 | 股东会的召集 | 18 | | 第五节 | 股东会的提案与通知 | 20 | | 第六节 | 股东会的召开 | 22 | | 第七节 | 股东会的表决和决议 | 25 | | 第五章 | 董事会 | 30 | | 第一节 | 董事 | 30 | | 第二节 | 独立董事 | 34 | | 第三节 | 董事会 | 38 | | 第四节 | 董事会专门委员会 | 45 | | 第六章 | 高级管理人员 | 47 | | 第七章 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-030 南方电网电力科技股份有限公司 关于修订《公司章程》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。 南方电网电力科技股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第二届董事会第十七次会议，审议通过了《关于修订〈公司章程〉的议案》， 该议案尚需提交公司 2025 年第一次临时股东会审议并需股东会特别决议通过， 现将有关情况公告如下： 根据业务发展需要，公司拟修订《南方电网电力科技股份有限公司章程》（以 下简称《公司章程》），增加部分经营范围。 | 序 | 修订前 | 修订后 | | --- | --- | --- | | 号 | 第十五条 公司的经营范围为：工程 | 第十五条 公司的经营范围为：工程 | | | 和技术研究和试验发展;技术服务、 | 和技术研究和试验发展；技术服务、 | | | 技术开发、技术咨询、技术交流、 | 技术开发、技术咨询、技术交流、 | | | 技术转让、技术推广;储能技术服务; | 技术转让、 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-029 原聘任的会计师事务所名称：大信会计师事务所（特殊普通合伙）（以 下简称"大信"） 南方电网电力科技股份有限公司 关于拟变更会计师事务所的公告 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。 （一）机构信息 重要内容提示： 拟聘任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"） 1.基本信息 变更会计师事务所的简要原因及前任会计师的异议情况：鉴于大信与南 方电网电力科技股份有限公司（以下简称"公司"）的审计服务合同已到期，根 据中国南方电网有限责任公司对审计工作统一管理的要求及有关建议，综合考虑 公司业务发展情况和整体审计的需要，公司拟聘任立信担任公司 2025 年度审计 机构，聘期一年。公司已就本事项与前后任会计师事务所进行充分沟通，前后任 会计师事务所均已明确表示对本次变更事项无异议。 本次拟变更会计师事务所事项已经公司审计与风险委员会、董事会审议 通过，尚需提交股东会审议。 一、拟聘任会计师事务所的基本情况 截至 2024 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-031 南方电网电力科技股份有限公司 关于召开2025年第一次临时股东会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第一次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 股东会召开日期：2025年11月17日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 ...