Core Viewpoint - The company Jinzhitech (002090) confirmed that its electrical automation quick-cut devices are used in some nuclear power plants, but these applications do not involve controllable nuclear fusion [1] Group 1 - The company has engaged in the development of electrical automation quick-cut devices [1] - The application of these devices is specifically noted in certain nuclear power plants [1] - There is a clear distinction made that the technology does not pertain to controllable nuclear fusion [1]

Market Overview - A-shares experienced a rally in the afternoon, with the ChiNext Index and the STAR Market Index both rising over 1% [1] - The Shanghai Composite Index closed up 0.23% at 3384.1 points, while the Shenzhen Component Index rose 0.58% to 10203.5 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13.172 billion yuan, an increase of nearly 1.4 billion yuan compared to the previous day [1] Sector Performance - The food and beverage sector saw a pullback, with Yanjinpuzi dropping over 8% [1] - Pharmaceutical stocks also weakened, with Jinkai Biotechnology down nearly 10% and Sinovac Biotech falling over 8% [1] - The CPO concept stocks surged, with Shengyi Electronics and Haide Control hitting the daily limit [3][4] - The computing power concept stocks were strong, with Huijin Co. and Qingyun Technology also reaching the daily limit [1][3] - The virtual power plant concept gained traction, with Hengshi Technology and Ankao Zhidian both hitting the daily limit [7][8] - The sports concept remained active, with Jinling Sports achieving a three-day limit increase and Gongchuang Lawn hitting the limit for four consecutive days [9][10] CPO Concept - The CPO concept saw significant gains, with Shengyi Electronics closing at a 20% limit increase [3][4] - Other notable performers included Shijia Photon and Haide Control, both reaching their daily limits [3][4] Virtual Power Plant Concept - The virtual power plant concept also experienced a strong performance, with Hengshi Technology closing at a 20% limit increase [7][8] - Other companies in this sector, such as Ankao Zhidian and Jinzhi Technology, also saw substantial gains [7][8] Sports Sector - The sports sector showed continued strength, with Jinling Sports achieving a 20% limit increase and a cumulative increase of approximately 94% over four days [9][10] - The Jiangsu Province City Football League attracted significant attendance, boosting local tourism and consumption [11] Policy Developments - The National Energy Administration has initiated pilot projects focusing on new power system construction, including virtual power plants and intelligent microgrids [8][9] - The National Development and Reform Commission and the Energy Administration have introduced policies to promote green electricity connections, enhancing the traceability of renewable energy consumption [9]

Market Overview - The market experienced narrow fluctuations in the morning, with the three major indices showing slight increases. The Shanghai Composite Index rose by 0.08%, the Shenzhen Component increased by 0.16%, and the ChiNext Index gained 0.32% [1] Sector Performance - The virtual power plant concept stocks strengthened, with companies like Hengshi Technology, Jinzhi Technology, and Jicheng Electronics hitting the daily limit. Football concept stocks continued their strong performance, with Jinling Sports, Gongchuang Lawn, and Shuhua Sports also reaching the daily limit. Computing hardware stocks saw a resurgence, with Tianjin Pulin and Guanghe Technology hitting the daily limit, while Shenghong Technology surged over 9% to reach a new high [1] - Conversely, the consumer sector experienced a collective adjustment, with Mankalon dropping over 10% [1] Stock Movement - A total of 2029 stocks rose, with 54 hitting the daily limit, while 2876 stocks declined, with 6 hitting the daily limit. There were 16 stocks that experienced a "炸板" (a term indicating a stock hitting the limit and then falling back), resulting in a 31% limit-up rate [1]

Group 1 - The A-share virtual power plant sector showed significant activity at the beginning of trading, with New Alliance Electronics, China Electric Power Xinlong, and Jinzhih Technology all hitting the daily limit up [1] - Hengshi Technology experienced a substantial increase of 15%, while Wansheng Intelligent and Kanan Intelligent also saw gains [1]

Group 1 - The core viewpoint of the article highlights the active emergence of the virtual power plant concept, with Jinzhitech experiencing a limit-up in stock price [1] - The National Energy Administration has announced the initiation of pilot projects for the construction of new power systems, emphasizing the need for the establishment or renovation of various types of virtual power plants [1] - The virtual power plants will aggregate distributed energy sources, controllable loads, and energy storage, optimizing control to enhance flexible adjustment capabilities [1] Group 2 - Several companies, including Zhongdian Xinlong, Pino Technology, and Hengshi Technology, have seen significant stock price increases, with some rising over 10% [1] - The market response indicates a growing interest in companies involved in the virtual power plant sector, as evidenced by the stock performance of related firms [1] - The notification from the National Energy Administration suggests a strategic shift towards integrating decentralized resources in the energy sector [1]

证券代码：002090 证券简称：金智科技 公告编号：2025-022 江苏金智科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、股东大会审议通过利润分配情况 1、2025 年 5 月 7 日，公司 2024 年度股东大会审议通过了 2024 年度利润分配 方案：以截止 2024 年 12 月 31 日公司总股本 400,577,071 股为基数，向全体股东每 10 股现金分红 0.40 元（含税），预计现金分红总额共计 16,023,082.84 元（含税）， 剩余未分配利润滚存至下一年度。若在本利润分配方案实施前可参与分配的总股数 发生变化的，将按照现金分红总额不变的原则，相应调整分配比例。本年度不进行 资本公积转增股本，也不送红股。 2、自利润分配方案披露至实施期间，公司股本总额未发生变化。 3、本次实施的分配方案与股东大会审议通过的分配方案一致。 4、本次实施分配方案距离股东大会审议通过的时间未超过两个月。 二、本次实施的权益分派方案 本公司2024年年度权益分派方案为：以公司现有总股本400,577, ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - In Q1 2025, national grid engineering investment reached 95.6 billion yuan, a year-on-year increase of 24.8% [42] - The report highlights the rapid growth trend in grid investment and suggests focusing on leading companies benefiting from increased domestic infrastructure investment [3][67] Market Review - As of May 8, 2025, the Shenwan power equipment industry rose by 4.41% over the past two weeks, outperforming the CSI 300 index by 2.60 percentage points, ranking 7th among 31 industries [10] - The wind power equipment sector increased by 4.57%, the photovoltaic equipment sector by 5.69%, and the battery sector by 4.06% during the same period [11][12] Valuation and Industry Data - As of May 8, 2025, the price-to-earnings (P/E) ratio for the power equipment sector is 24.50 times, with sub-sectors showing varied P/E ratios: motors at 51.04, photovoltaic equipment at 17.54, and wind power equipment at 30.52 [25][21] - The report indicates that the photovoltaic equipment sector has seen a year-to-date decline of 13.31%, while the motor sector has increased by 22.44% [15] Company Announcements - The report notes that leading companies such as Zhongchao Holdings, Huamin Co., and Zhenjiang Co. have shown significant stock price increases of 38.95%, 29.66%, and 28.37% respectively over the past two weeks [17] - Conversely, companies like Huaxi Energy, Mubang High-tech, and Hezhong Technology have experienced declines of 28.74%, 28.38%, and 26.91% respectively [18]

Group 1 - Dashi Intelligent signed a smart hospital project contract worth 58.12 million yuan with the First Affiliated Hospital of Bengbu Medical College and Bengbu Urban Construction Investment Development Co., Ltd. [1] - The project aims to create a comprehensive tumor specialty hospital integrating medical care, research, teaching, preventive health care, and rehabilitation, which is expected to positively impact the company's future performance [1] Group 2 - Huahong Company reported a net profit of 22.76 million yuan for Q1 2025, a year-on-year decrease of 89.73%, despite a revenue increase of 18.66% to 3.913 billion yuan [2] - The company specializes in the development and application of embedded/non-volatile memory, power devices, and other semiconductor technologies [2] Group 3 - Jindi Group announced a signed area of 214,000 square meters in April, a year-on-year decrease of 55.14%, with a signed amount of 2.78 billion yuan, down 55.45% [3] - The company focuses on real estate development and sales, commercial real estate, and property management [3] Group 4 - Jinlong Automobile reported a bus production of 4,361 units in April, a year-on-year decrease of 5.79%, with sales of 3,611 units, down 3.91% [4][5] - The company is engaged in the production and sales of bus products [5] Group 5 - Sanyou Medical established a joint venture with CGBio Co., Ltd. with a registered capital of 60 million yuan, focusing on innovative cell biological materials and regenerative medicine [6][7] - The company specializes in the research, production, and sales of orthopedic implant consumables [7] Group 6 - Jinzhi Technology won a bid for projects related to the State Grid with a total amount of 90.73 million yuan, accounting for 5.12% of the company's projected revenue for 2024 [9][10] - The company focuses on smart energy and smart city businesses [10] Group 7 - Pinggao Electric won multiple procurement projects from the State Grid, totaling approximately 1.751 billion yuan, which is 14.12% of the company's projected revenue for 2024 [10] - The company specializes in high-voltage switchgear and power engineering contracting [10] Group 8 - Luantang Pharmaceutical received approval for the raw material drug Celecoxib, which is a selective COX-2 inhibitor with fewer gastrointestinal side effects compared to traditional NSAIDs [11][12] - The company is involved in the research, production, and sales of pharmaceutical products [12] Group 9 - Dongjie Intelligent obtained seven patent certificates related to AGV and conveyor system technologies [13][14] - The company specializes in the research, design, manufacturing, installation, and debugging of intelligent logistics systems [14] Group 10 - XJH Holdings received a government subsidy of 8.69 million yuan, which accounts for 38.67% of the company's projected net profit for 2024 [15][16] - The company focuses on the recycling and dismantling of waste electrical products [16] Group 11 - Huaihua Pharmaceutical's subsidiary received approval for the clinical trial of HZ-J001 ointment for treating non-segmental vitiligo [17][19] - The company is engaged in the research, production, and sales of pharmaceutical products [19] Group 12 - ST Aonong reported a pig sales volume of 132,800 heads in April, a year-on-year decrease of 14.42%, while the stock of pigs increased by 15.06% [22][23] - The company is involved in feed, pig farming, food, and trade [23] Group 13 - Beibu Gulf Port reported a cargo throughput of 31.75 million tons in April, a year-on-year increase of 20.32% [24][25] - The company specializes in port loading, storage, and related services [25] Group 14 - Dongfang Iron Tower won a bid for State Grid projects totaling approximately 100 million yuan, which is 2.39% of the company's projected revenue for 2024 [26] - The company focuses on steel structures and related businesses [26] Group 15 - Huanxu Electronics reported a consolidated revenue of 4.641 billion yuan in April, a year-on-year increase of 0.72% [27] - The company provides design, manufacturing, and related services for brand customers [27] Group 16 - Jincheng Co. announced that part of its bank accounts has been frozen, involving approximately 32.97 million yuan due to contract disputes [28][29] - The company specializes in high-end intelligent equipment for photovoltaic and smart port sectors [29] Group 17 - NAIKE Equipment announced the departure of core technical personnel Wang Xiangguo [30][31] - The company focuses on semiconductor packaging equipment and related products [31] Group 18 - Jiaojian Co. won a construction project in Hefei with a bid amount of approximately 704 million yuan, covering residential buildings and related infrastructure [32][33] - The company specializes in infrastructure construction and related services [33] Group 19 - Hongyuan Green Energy plans to transfer a 27.07% stake in Inner Mongolia Xinyuan Silicon Material Technology Co., Ltd. for 1.245 billion yuan [34][35] - The company focuses on the research, production, and sales of aviation electromechanical products [35] Group 20 - Poly Development reported a signed amount of 24.622 billion yuan in April, a year-on-year decrease of 25.44% [46][48] - The company specializes in real estate development and sales [48]

证券代码：002090 证券简称：金智科技 公告编号：2025-021 江苏金智科技股份有限公司 关于中标国家电网相关项目的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、中标项目概况 近期，江苏金智科技股份有限公司（以下简称"公司"）成功中标国家电网有限 公司及其下属子公司输变电、配网相关项目，累计中标金额 9,073.46 万元。具体情 况如下： | 序号 | 交易对手方 | 项目名称 | 招标编号 | 中标内容 继电保护和变 | 合同金额 （万元） | | --- | --- | --- | --- | --- | --- | | 1 | 国家电网 | 2025 年第二十三批采 购（输变电项目第二 次变电设备（含电缆） 招标采购） | 0711-25OTL02611009 | 电站计算机监 控系统 包 20、 包 30 | 6,214.91 | | | 有限公司 | 2025 年第二十四批采 | | 继电保护和变 | | | | | 购（输变电项目第二 | | 电站计算机监 | | | | | 次变电设备单一来源 | 0711-25OTL02811 ...

Core Viewpoint - The company, Jinzhikeji (002090), has successfully won bids for projects related to power transmission and distribution from the State Grid and its subsidiaries, totaling 90.7346 million yuan, which represents 5.12% of the company's projected revenue for 2024 [1] Group 1 - The company secured contracts for relay protection and substation computer monitoring systems from the State Grid Corporation [1] - The projects also include distribution equipment and DTU remote terminal units for State Grid Jiangsu Electric Power Company and State Grid Tianjin Electric Power Company [1] - This successful bidding demonstrates the company's brand influence and core competitiveness in the power transmission and distribution sector [1] Group 2 - The contract amount reinforces the company's market position as a mainstream supplier to the State Grid Corporation [1] - The projects are expected to further solidify the company's standing in the industry [1]