Core Viewpoint - The signing of a Memorandum of Understanding (MOU) between PT PLN Persero and XIHARI signifies a deepening collaboration in areas such as testing, personnel training, and standard formulation, enhancing XIHARI's brand strength and international influence in the Southeast Asian power testing market [1] Group 1 - PT PLN Persero's General Manager Tri and his team visited XIHARI to attend the MOU signing ceremony [1] - The renewed MOU aims to strengthen mutual trust and solidify XIHARI's position in the Southeast Asian power testing market [1] - The collaboration is expected to enhance the capabilities in testing, training, and standard-setting [1]

Market Overview - On September 29, the professional services sector rose by 0.42% compared to the previous trading day, with Zhonggang Tianyuan leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Zhonggang Tianyuan (002057) closed at 10.85, with a gain of 3.14% and a trading volume of 237,800 shares, amounting to a transaction value of 256 million yuan [1] - Lihua Kechuang (002243) closed at 9.60, up 2.45%, with a trading volume of 543,600 shares and a transaction value of 521 million yuan [1] - Other notable performers include: - Jianyan Institute (603183) at 4.39, up 1.86% [1] - Guangdong Jianke (301632) at 29.36, up 1.66% [1] - Lansheng Co., Ltd. (600826) at 10.35, up 1.47% [1] Fund Flow Analysis - The professional services sector saw a net inflow of 11.43 million yuan from institutional investors, while retail investors experienced a net outflow of 20.59 million yuan [2] - Key stocks with significant fund flows include: - Lihua Kechuang with a net inflow of 38.91 million yuan from institutional investors [3] - Zhonggang Tianyuan with a net inflow of 29.77 million yuan from institutional investors [3] - Guangdong Jianke with a net inflow of 11.26 million yuan from institutional investors [3]

机构持仓方面，截止2025年6月30日，西高院十大流通股东中，中国中金财富证券有限公司位居第六大 流通股东，持股128.43万股，为新进股东。 责任编辑：小浪快报 资料显示，西安高压电器研究院股份有限公司位于陕西省西安市莲湖区西二环北段18号，成立日期2001 年10月17日，上市日期2023年6月19日，公司主营业务涉及公司主营业务为提供电气领域检验检测服务 与其他技术服务,其中检验检测服务包括交、直流高压和超高压开关、±500千伏以上直流输电设备、800 千伏以上交流长距离输电设备等智能电网领域的关键输配电设备,其他技术服务包括计量服务、认证服 务、技术研究与技术咨询。其中,检测服务为公司的核心业务,经过多年的积累,公司在电气设备检测服务 领域具备领先的技术和经验优势。主营业务收入构成为：检测服务94.70%，技术研究与技术咨询、计 量及认证服务3.51%，其他(补充)1.79%。 截至6月30日，西高院股东户数1.22万，较上期增加1.18%；人均流通股12834股，较上期增加0.87%。 2025年1月-6月，西高院实现营业收入4.20亿元，同比增长33.71%；归母净利润1.33亿元，同比增长 33 ...

证券代码：688334 证券简称：西高院 公告编号：2025-043 西安高压电器研究院股份有限公司2025年半年度权益分派实 施公告 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： ? 是否涉及差异化分红送转：否 ? 每股分配比例 每股现金红利0.231元 本次利润分配以方案实施前的公司总股本316,579,466股为基数，每股派发现 金红利0.231元（含税），共计派发现金红利73,129,856.65元。 三、 相关日期 股权登记日 除权（息）日 现金红利发放日 四、 分配实施办法 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股 权登记日上海证券交易所收市后登记在册并在上海证券交易所各会员办理了指定 交易的股东派发。已办理指定交易的投资者可于红利发放日在其指定的证券营业 部领取现金红利，未办理指定交易的股东红利暂由中国结算上海分公司保管，待 办理指定交易后再进行派发。 公司全部有限售条件流通股股东中国西电电气股份有限公司、中国电气装备 集团投资有限公司、平高集团有限公司、西安智测壹号 ...

证券代码：688334 证券简称：西高院 公告编号：2025-043 西安高压电器研究院股份有限公司2025年半年度权益分派实 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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/9/11 | 2025/9/12 | 2025/9/12 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 8 日的2024年年度股东大会授权，经 2025 年 8 月 19 日第二届董事会第三次会议审议通过后实施。 二、 分配方案 施公告 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 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本316,579,466股为基数，每股派发现 是否涉及差异化分红送转：否 每股分配比例 每股现金红利0.2 ...

中国国际金融股份有限公司 关于西安高压电器研究院股份有限公司 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法律、法规 的规定，中国国际金融股份有限公司（以下简称"保荐机构"）作为西安高压电器研 究院股份有限公司（以下简称"西高院"或"公司"）首次公开发行股票并在科创板 上市及持续督导的保荐机构，负责西高院持续督导工作，出具本持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体的 持续督导工作制定相应的工作计划 | 保荐机构已建立健全并有效执 行了持续督导制度，并制定了 | | | | 相应的工作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作开始前，与 上市公司或相关当事人签署持续督导协议，明确双方在 | 保荐机构已与西高院签订保荐 | | | | 协议，该协议明确了双方在持 | | | 持续督导期间的权利义务，并报上海证券交易所备案 ...

格隆汇9月4日丨西高院(688334.SH)在投资者互动平台表示，公司固态电池检测能力正在积极建设中， 具体情况敬请关注公司定期报告及后续相关公告。 ...

Core Viewpoint - The company has developed a practical new type of patent for "high-pressure hollow core fiber composite insulator," which has broad applications in high voltage signal monitoring, transmission, and control, as well as online monitoring of electrical equipment in power plants, and can be integrated as a measurement and control component in main equipment [1] Group 1 - The company possesses a practical new type patent for a high-pressure hollow core fiber composite insulator [1] - The product can be widely used for monitoring and controlling high voltage signals [1] - It is applicable for online monitoring of electrical equipment in power plants [1] Group 2 - The insulator can be integrated as a measurement and control component in main equipment [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 420 million yuan for the first half of 2025, representing a year-on-year increase of 11.6%. The net profit attributable to shareholders was 130 million yuan, up 14.1% year-on-year, while the net profit excluding non-recurring items reached 120 million yuan, marking a 37.6% increase [3][4]. - In the second quarter of 2025, the company achieved a revenue of 210 million yuan, reflecting an 11.1% year-on-year growth. The net profit attributable to shareholders was 70 million yuan, up 15.9% year-on-year, and the net profit excluding non-recurring items was 65 million yuan, a 40.4% increase [3][4]. - The company is benefiting from stable growth in the high-voltage testing demand, with ongoing expansion in the new energy sector and international markets [8]. Summary by Sections Revenue Performance - The company maintains steady revenue growth, primarily driven by continuous technological innovation and upgrades in downstream products. Significant orders have been secured in the core transmission and distribution sector, including various high-voltage equipment for projects in Brazil, Saudi Arabia, and Turkey [8]. Profitability - The gross margin for the first half of 2025 reached 55.96%, an increase of 2.35 percentage points year-on-year. The gross margin for Q2 2025 was 53.73%, up 1.05 percentage points year-on-year, but down 4.52% quarter-on-quarter. The improvement in gross margin is attributed to the cost dilution effect from increased revenue scale [8]. Expense Management - The total expense ratio for the first half of 2025 was 20.44%, a decrease of 0.51 percentage points year-on-year. The sales expense ratio was 1.86%, down 0.30 percentage points year-on-year, while the management expense ratio was 10.57%, up 0.08 percentage points year-on-year [8]. Cash Flow and Contracts - As of the end of Q2 2025, the company's contract liabilities amounted to 329 million yuan, a year-on-year increase of 57.3%. The operating net cash flow for the first half of 2025 was 290 million yuan, up 13.5% year-on-year, indicating strong cash flow quality [8]. Future Outlook - The company is expected to continue benefiting from the upgrade and iteration of power equipment products, with a projected net profit attributable to shareholders of 280 million yuan for 2025, corresponding to a PE ratio of approximately 21 times [8].

融券方面，当日融券卖出0.00万股，净卖出0.00万股。 8月26日，沪深两融数据显示，西高院获融资买入额0.11亿元，居两市第1498位，当日融资偿还额0.13亿 元，净卖出245.02万元。 最近三个交易日，22日-26日，西高院分别获融资买入0.24亿元、0.23亿元、0.11亿元。 ...