智能电表产业链全景梳理：下游市场繁多 中国智能电表产业的上游主要为芯片与PCB、继电器与结构件、其他元器件等生产商;中游包括智能电 表生产等环节;下游则主要是个人家庭、充电桩、分布式能源等领域。 转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院智能电表研究小组发布的《中国智能电表行业发展前景与投资战 略规划分析报告》 行业主要上市公司：新天科技(300259)、科陆电子(002121)、林洋能源(601222)、迦南智能(300880)、万 胜智能(300882)、西力科技(688616)、煜邦电力(688597)等 本文核心数据：企业产能;企业产量 表产业链区域热力地图：广东省分布最集中 智能电 从企查猫以"智能电表"为关键词进行精确搜索，得到智能电表企业区域分布。从企业地区分布上来看， 目前中国智能电表企业主要分布在广东省。截至2025年12月，广东共有相关智能电表企业数500余家。 从智能电表行业上中下游产业链参与企业来看，上游企业包括力合微、复旦微电等硬件设计制造企业; 智能电表中游的企业则由科陆电子、新天科技、林洋能源等企业构成。 注：企查猫数据截止到2025年12月9日。 从代表性企业分布 ...

Group 1 - The global smart meter market is projected to reach nearly $26 billion by 2024, driven by urbanization and smart city initiatives [1] - The residential segment dominates the global smart meter market, accounting for 86% of the total market share, while the commercial segment follows with approximately 10% [3] - The Asia-Pacific smart meter market is expected to reach $15 billion by 2024, reflecting a year-on-year growth of about 9.5% [5] Group 2 - The single-phase smart meter segment is the most significant in the Asia-Pacific region, representing 90% of the market share [6] - The Asia-Pacific region holds the largest share in the global smart meter market, with significant growth potential in underpenetrated markets in Africa and Latin America [9] - The global smart meter market is anticipated to reach $43.6 billion by 2030, indicating substantial growth opportunities [9]

Group 1: Target Price Increases - The companies with the highest target price increases from January 12 to January 18 are Baili Tianheng, Hunan YN, and Huali Technology, with target price increases of 319.47%, 85.81%, and 58.27% respectively, belonging to the chemical pharmaceuticals, battery, and entertainment products industries [1][2]. Group 2: Broker Recommendations - A total of 191 listed companies received broker recommendations during the same period, with Dongpeng Beverage receiving 9 recommendations, and Pudong Development Bank receiving 8 recommendations [3][4]. - The top recommended companies include Dongpeng Beverage, Pudong Development Bank, and Guizhou Moutai, with respective recommendations from 9, 8, and 7 brokers [3][4]. Group 3: Rating Adjustments - Four companies had their ratings upgraded, including Jiayuan Technology from "Hold" to "Buy" by Tianfeng Securities, and Dike Co. from "Hold" to "Strong Buy" by CMB [5]. - One company, Shaanxi Energy, had its rating downgraded from "Buy" to "Hold" by Guotou Securities [6]. Group 4: First Coverage - During the same period, 60 instances of first coverage were reported, with companies like Chuanjin Nuo and Dongyangguang receiving "Hold" ratings from Guotai Junan Securities [7]. - Other companies receiving first coverage include Qiaoyin Co. with a "Buy" rating from Guosheng Securities, and Yubang Power with a "Buy" rating from Zheshang Securities [7].

Core Viewpoint - The smart grid sector is experiencing strong performance, with several companies leading the market, showcasing advancements in technology and solutions for smart grid applications. Company Summaries - **Senyuan Electric (002358.SZ)**: Latest stock price: 6.45 CNY, daily increase: 10.07%. A leading provider of intelligent power equipment solutions, offering products like smart high and low voltage switchgear and smart substation automation systems with features such as status monitoring and remote control [1]. - **Hancable Co., Ltd. (002498.SZ)**: Latest stock price: 8.46 CNY, daily increase: 10.10%. Notable for its technological advantages in high and ultra-high voltage cross-linked cables, providing online monitoring solutions for smart substations, essential for the safe and stable operation of smart grids [2]. - **Electric Power Research Institute (300215.SZ)**: Latest stock price: 8.16 CNY. A national independent third-party comprehensive electrical testing organization, covering critical areas such as ultra-high voltage transmission and transformation equipment and smart grid devices [3]. - **Jicheng Electronics (002339.SZ)**: Latest stock price: 10.36 CNY, daily increase: 20.00%. A leading provider of overall solutions for smart grids, with a product line covering all aspects of generation, transmission, transformation, distribution, usage, and dispatch, featuring automated systems for fault diagnosis and self-healing [4]. - **Guangdian Electric (601616.SH)**: Latest stock price: 10.10 CNY, daily increase: 10.10%. Focused on smart transmission and distribution equipment for 40.5KV and below, integrating smart monitoring functions to meet the automation needs of smart grid distribution networks [5]. - **Hongsheng Huayuan (601096.SH)**: Latest stock price: 4.58 CNY, daily increase: 10.59%. Develops smart energy management systems, enabling real-time cloud monitoring of substation equipment through smart gateways and utilizing AI technology to optimize energy structures [6]. - **Siyuan Electric (002028.SZ)**: Latest stock price: 185.90 CNY, daily increase: 10.02%. Manufacturer with capabilities in research and production of primary and secondary equipment for power systems, covering five major categories of smart grid business including reactive power compensation and digital substations [7]. - **Xigao Institute (688334.SH)**: Latest stock price: 25.06 CNY, daily increase: 19.50%. A leader in testing for ultra-high voltage, focusing on the construction of smart grids and providing inspection, testing, certification, and technical services for key equipment like high voltage switches and transformers [8]. - **New Wind Light (688663.SH)**: Latest stock price: 55.00 CNY, daily increase: 15.55%. Offers high voltage dynamic reactive power compensation devices (SVG) and energy storage PCS products for smart grid projects, enhancing grid stability and power quality [9]. - **Hongxiang Co., Ltd. (300427.SZ)**: Latest stock price: 15.62 CNY, daily increase: 10.78%. Engages in providing power detection and monitoring equipment to ensure grid safety, along with secondary fusion switch devices and distribution automation terminals for smart distribution networks [10]. - **Wansheng Intelligent (300882.SZ)**: Latest stock price: 24.90 CNY, daily increase: 8.07%. Focuses on the power distribution industry, specializing in smart meters and electricity information collection systems, essential components of the smart grid usage segment [11]. - **Yubang Electric (688597.SH)**: Latest stock price: 9.93 CNY, daily increase: 7.70%. A key supplier for national smart grid and power IoT, providing smart meters, collection terminals, and intelligent inspection services, covering the entire chain of "source, network, load, storage, intelligence" [11]. - **Hualing Cable (001208.SZ)**: Latest stock price: 25.44 CNY, daily increase: 7.12%. A domestic special cable manufacturer responding to national smart grid construction, maintaining good business relationships with State Grid and Southern Grid [13]. - **Baiyun Electric (603861.SH)**: Latest stock price: 14.60 CNY, daily increase: 6.96%. A comprehensive service provider for power energy, increasing investment in "secondary" intelligent technology to offer green and intelligent transmission and distribution products and system solutions [14]. - **Jiechuang Intelligent (301248.SZ)**: Latest stock price: 66.73 CNY. Smart grid is part of the company's smart city business, providing intelligent solutions for Southern Grid and China General Nuclear Power, collaborating with various local grid units [15]. - **Changgao Electric New (002452.SZ)**: Latest stock price: 9.50 CNY, daily increase: 6.15%. A major manufacturer of high voltage isolating switches, widely used in smart grid transmission and distribution, recognized as an excellent supplier for State Grid and Southern Grid [16].

Group 1 - The company, Yubang Power, announced the approval of the proposal regarding the application for the comprehensive credit limit and guarantee limit for the year 2026 during its first extraordinary shareholders' meeting [2]

北京德恒律师事务所 关于北京爆邦电力技术股份有限公司 2026 年第一次临时股东会的法律意见 北京德恒律师事务所 关于北京煜邦电力技术股份有限公司 2026 年第一次临时股东会的 法律意见 北京德恒律师事务所 DeHeng Law Offices 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于北京煜邦电力技术股份有限公司 为出具本法律意见,本所承办律师审查了公司本次股东会的有关文件和材料。 本所承办律师得到公司如下保证,即其已提供了本所承办律师认为作为出具本法 律意见所必需的材料,所提供的原始材料、副本、复印件等材料、口头证言均符 合真实、准确、完整的要求,有关副本、复印件等材料与原始材料一致。 在本法律意见中,本所承办律师仅对本次股东会的召集、召开程序、出席会 北京德恒律师事务所 2026 年第一次临时股东会的 法律意见 德恒 01G20240613-10 号 致: 北京煜邦电力技术股份有限公司 北京德恒律师事务所(以下简称"本所")受北京煜邦电力技术股份有限公 司（以下简称"公司""煜邦电 ...

证券代码:688597 证券简称:煜邦电力 公告编号:2026-002 债券代码:118039 债券简称:煜邦转债 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2026 年 1 月 14 日 （二） 股东会召开的地点：北京市东城区和平里东街 11 号航星科技园航星 1 号楼 6 层会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 79 | | --- | --- | | 普通股股东人数 | 79 | | 2、出席会议的股东所持有的表决权数量 | 111,209,805 | | 普通股股东所持有表决权数量 | 111,209,805 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 35.72 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 35.72 | （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 北京煜邦电力技术股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任 ...

Group 1 - The core point of the news is that Yubang Power has seen a stock price increase of 5.63% to 9.00 CNY per share, with a total market capitalization of 3.025 billion CNY and a trading volume of 66.57 million CNY, marking a cumulative increase of 3.78% over three consecutive days [1] - Yubang Power, established on May 17, 1996, and listed on June 17, 2021, specializes in the research, production, and sales of smart power products, including smart electric meters and electricity information collection terminals, as well as providing smart inspection services and information technology services [1] - The revenue composition of Yubang Power includes 58.21% from smart power products, 14.55% from information technology services, 11.86% from energy storage, 10.10% from smart inspection services, 4.65% from electric energy information collection and measurement devices, 0.55% from other power products, and 0.08% from other supplementary sources [1] Group 2 - According to data from the top ten holdings of funds, Huaxia Fund has a significant position in Yubang Power, with the Huaxia Xingxia Value One-Year Holding Mixed Fund A (015504) reducing its holdings by 5,436 shares, maintaining 294,100 shares, which represents 3.53% of the fund's net value, ranking as the seventh largest holding [2] - The Huaxia Xingxia Value One-Year Holding Mixed Fund A has achieved a return of 4.18% year-to-date, ranking 2,755 out of 8,825 in its category, and a return of 65.15% over the past year, ranking 971 out of 8,084 [2] Group 3 - The fund manager of Huaxia Xingxia Value One-Year Holding Mixed Fund A is Lin Yao, who has been in position for 198 days, with a total asset scale of 69.6632 million CNY, achieving a best return of 21.55% and a worst return of 21.18% during his tenure [3] - Co-manager Zhu Yi has been in position for 4 years and 322 days, managing assets totaling 3.895 billion CNY, with a best return of 49.22% and a worst return of -1.56% during his tenure [3]

证券代码:688597 证券简称:煜邦电力 公告编号:2026-001 债券代码:118039 债券简称:煜邦转债 北京煜邦电力技术股份有限公司 可转债转股结果暨股份变动公告 公司债券募集说明书》的约定，公司向不特定对象发行可转换公司债券"煜邦转 债"自 2024 年 1 月 26 日起可转换为公司股份，转股期间为 2024 年 1 月 26 日至 2029 年 7 月 19 日。 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： 累计转股情况：北京煜邦电力技术股份有限公司（以下简称"公司"）向 不特定对象发行的可转换公司债券"煜邦转债"自 2024 年 1 月 26 日开始转股， 截至 2025 年 12 月 31 日累计共有人民币 399,000 元已转换为公司股票，累计转股 数量 39,756 股，占"煜邦转债"转股前公司已发行股份总额 247,062,172 股的 0.016091%。 未转股可转债情况：截至 2025 年 12 月 31 日，"煜邦转债"尚未转股的 可转债金额 410,407,000 ...

Group 1 - The company, Beijing Yupont Electric Technology Co., Ltd., plans to use up to RMB 200 million of idle raised funds to temporarily supplement working capital, which will be used solely for business expansion and daily operations related to its main business [2][5][6] - The usage period for these funds is set to not exceed twelve months from the date of the board's approval, with a commitment to return the funds to the special account for raised funds upon expiration [5][6] Group 2 - The company has raised a total of RMB 410.806 million through the issuance of convertible bonds, with a net amount of RMB 403.645 million after deducting issuance costs [3][4] - The raised funds are managed in a special account, ensuring compliance with regulations regarding the use of raised funds [3][4] Group 3 - The company has approved the use of idle funds for cash management, with an investment amount not exceeding RMB 255 million, focusing on high-security, liquid investment products [71][73] - The cash management strategy aims to enhance the efficiency of idle funds and increase returns for the company and its shareholders [73][74] Group 4 - The company intends to apply for a comprehensive credit limit of up to RMB 1.2 billion for 2026, which includes guarantees for its subsidiaries [28][31] - The proposed guarantees will support the financing needs of wholly-owned and controlling subsidiaries, with a total guarantee amount not exceeding RMB 700 million [32][48]