凭借扎实的技术积累与严苛的产品品质，科华数能的服务网络已遍布欧洲、澳洲、非洲、北美、拉美及亚太等全球 100 多个国家和地 区， 在全球市场树立起"中国智造"的卓越品牌形象 。科华数能深知：独行快，众行远；单点突破易，生态共赢难。在国内，科华数能 与华能、中核、国家电网等能源央企深度协同，成功交付全球最大构网型储能项目、全球首套原位固态化半固态电池电网侧储能示范工 程、国内首个百兆瓦级液冷储能标杆项目等一系列重磅工程，彰显了产业链协同创新的巨大价值；在海外，科华数能坚持"本地化合 作、本地化价值"原则，携手当地伙伴落地保加利亚最大光储一体化项目、巴西最大储能电站等标杆案例，输出产品与技术的同时，更 构建起共建共享、可持续发展的能源新范式。 面向未来，陈成辉代表科华数能发出倡议： 愿与全球同仁共推技术标准国际化，打破壁垒，促进互认互通；共建高效韧性供应链，提 升资源协同与抗风险能力；共创灵活包容的合作模式，尊重多元市场模式，实现优势互补、互利共赢 。他强调，唯有通过开放协作、 标准引领与技术深耕，才能真正提升全球能源转型的质量、效率与可持续性。 作为储能行业的领军企业，科华数能将持续以创新为帆、以合作为桨，与全 ...

长江证券研报指出，科华数据2025前三季度归母净利润3.44亿元，同比增加44.71%；Q3归母净利润1.01 亿元，同比增加711.41%，环比下降42.17%。三季度来看，预计公司新能源和数据中心产品业务同比均 实现了较好增速。收入方面，2025年以来，新能源海外收入大幅增加，欧美市场出货实现翻倍以上同比 增速。展望来看，全球数据中心基建需求快速扩容，公司加快推进液冷、HVDC、SST等新产品落地， 并积极推进海外客户产品白名单认证，有望充分受益互联网、通信等行业需求扩容；公司IDC业务滚动 发展，携手国产芯片厂商，基于自建异构算力平台及算力池，预计IDC收入保持增长；新能源业务盈利 有望持续改善，一是全球需求高增，公司持续开拓欧美市场，后续马来西亚产能启用，东南亚及中东出 货也有望形成增量，二是储能产品价格下探空间有限，减值损失有望大幅收窄；智慧电能业务预计保持 稳健。预计公司2025、2026年净利润分别为5、8亿元，维持"买入"评级。 ...

[Table_Summary] 公司 2025 前三季度营业收入 57.06 亿元，同比增加 5.79%；归母净利润 3.44 亿元，同比增加 44.71%；扣非净利润 3.00 亿元，同比增加 36.85%。单季度看，公司 2025Q3 营业收入 19.73 亿元，同比增加 18.65%，环比下降 21.59%；归母净利润 1.01 亿元，同比增加 711.41%，环 比下降 42.17%；扣非净利润 0.77 亿元，同比增加 423.44%，环比下降 52.86%。 丨证券研究报告丨 [Table_scodeMsg1] 联合研究丨公司点评丨科华数据（002335.SZ） [Table_Title] 科华数据 2025Q3 业绩点评：新能源海外收 入高增，加大研发布局 AIDC 出海 报告要点 分析师及联系人 [Table_Author] 邬博华 于海宁 曹海花 司鸿历 SAC：S0490514040001 SAC：S0490517110002 SAC：S0490522030001 SAC：S0490520080002 SFC：BQK482 SFC：BUX641 SFC：BVD284 请阅读最后评级说明和重 ...

Core Insights - The application of high-voltage direct current (HVDC) distribution technology is expected to significantly reduce energy consumption and improve power density in data centers, positioning HVDC as the future direction for AIDC power supply [1][3] - The global SST market is projected to exceed 100 billion by 2030, with SST expected to become the mainstream solution for AIDC external power supplies by 2029-2030 [1][3] Group 1: Domestic Market Insights - Domestic data center external DC power applications have advanced earlier, with two main technology routes: 240/336V modular HVDC power and Panama power, the latter showing high integration and efficiency up to 97.5% [2] - The domestic HVDC market is expected to exceed 80 billion by 2030, with a compound annual growth rate (CAGR) of approximately 122% from 2025 to 2030 [2] Group 2: International Market Dynamics - The core driver for overseas AIDC high-voltage direct current is the requirement for 800V DC power supply for the next-generation NV Rubin GPU, with significant penetration expected by 2027 [3] - The overseas HVDC market is projected to exceed 140 billion by 2030, with a CAGR of about 170% from 2025 to 2030 [3] Group 3: Technological Advancements - SST technology eliminates the need for frequency transformers, leading to significant improvements in size and efficiency, with domestic progress outpacing global developments [3][4] - International Tier 1 companies are actively seeking partnerships with domestic firms to develop HVDC power and SST solutions, indicating strong growth potential in the North American market [4] Group 4: Investment Recommendations - Key recommendations for comprehensive external power suppliers (SST + HVDC) include companies like Sungrow Power Supply and Jinpan Technology, while specific HVDC power recommendations include Zhongheng Electric and Keda Technology [5] - SST-focused recommendations include companies like Sifang Co. and China West Electric, with attention to core component manufacturers [5]

Key Points - ST立方's stock will be subject to delisting risk warning and will be suspended [1] - Tongde Chemical has been listed as a dishonest executor [1] - Shengke Nano's subsidiary plans to invest approximately 500 million yuan in the "Qingdao Testing and Analysis Capability Improvement Project" [1] - Pinggao Electric has won a bid for a 773 million yuan project from the State Grid [1] - Bright Dairy intends to acquire 40% of Xiaoxiniu for about 500 million yuan [1] - Jianbang Co. plans to repurchase shares worth 15 million to 30 million yuan [1] - China Jushi's controlling shareholder plans to increase its stake by 550 million to 1.1 billion yuan [1] - Xinyuan Intelligent Manufacturing plans to raise no more than 140 million yuan through a private placement [1] - Tianfeng Securities is under investigation by the CSRC for suspected information disclosure violations [1][2]

证券日报网讯11月28日晚间，科华数据（002335）发布公告称，选举陈成辉先生为董事长。 ...

证券日报网讯11月28日晚间，科华数据（002335）发布公告称，选举林清民先生为公司第十届董事会职 工代表董事。 ...

科华数据夯实自身优势，通过五大能力的系统整合，积极融合多年来在电源行业、数据中心行业的场景 服务经验，与用户一同接受时代的检验，形成了从算力基础设施产品到垂直行业应用场景的"全生命周 期完整服务链条"，助力各行业的智能化转型升级。 论坛期间，科华数据全球首款200kW高密UPS模块产品正式亮相，并获泰尔认证中心颁发的全球首份 1.2MW UPS（200kW模块）认证证书。这一产品不仅体现了科华数据在数据中心供电架构技术上的领 先突破，还构建了面向AI算力场景的高可靠供电解决方案，为AI算力集群的持续演进奠定了坚实基 础。 随后，科华数据中心产品总监吴庆彬在《与AI共进|算力基础设施革新与供电创新技术突破》主题分享 中系统阐述了AI时代下算力基础设施面临的五大核心挑战，分享了公司在供电技术方面的创新突破， 深入解读了此次亮相的全新产品。他表示，当前国内外AI芯片发展存在差异化，国外高端芯片的技术 演进及国产AI芯片的加速崛起，正塑造着全球智算中心基础设施的技术路径，供电架构正处于"双轨 制"共同发展阶段。 基于此，此次亮相产品以三大特点引领供电系统进入"兆瓦级"时代：首先，该系列产品直面传统供电密 度低、占地大 ...

据悉，本次交易是为了聚焦主业，减少非主业事项对上市公司经营的影响。 科华数据（002335）(002335.SZ)公告，公司董事会同意将持有的全资子公司漳州科华技术有限责任公 司(简称"漳州科华")100%股权及相关无形资产以2610.87万元出售给公司控股股东厦门科华伟业股份有 限公司(简称"科华伟业")。交易完成后，公司不再持有漳州科华的股权，漳州科华不再纳入公司合并报 表范围。 ...

Group 1 - The company Keda Data (SZ 002335) announced the convening of its first temporary board meeting of the tenth session on November 28, 2025, in Xiamen, Fujian Province, to discuss the election of members for various specialized committees [1] - For the first half of 2025, Keda Data's revenue composition was as follows: 49.62% from the renewable energy sector, 37.44% from the data center sector, 11.77% from the smart electric power sector, and 1.17% from other businesses [1] - As of the report date, Keda Data's market capitalization was 27.4 billion yuan [1]