每经AI快讯，2月5日，特高压指数下跌2%，成分股多数走低。其中，亨通光电、中天科技、长高电 新、金盘科技均跌超4%，天合光能跌3%。 每经AI快讯，2月5日，特高压指数下跌2%，成分股多数走低。其中，亨通光电、中天科技、长高电 新、金盘科技均跌超4%，天合光能跌3%。 ...

中国银河证券指出，未来电网投资有望提速，而海外供给端供不应求，欧美电力变压器和高压电缆的交 付周期几乎翻了一番，高压直流系统的等待时间将延长至2030年代，中企电力设备出海迎来黄金发展 期，2026年电力设备出海有望持续量价齐升。 2月4日，A股三大指数涨跌不一，沪指小幅上涨，创业板指跌幅居前，电网设备板块开盘冲高后回落， 截至发稿，全市场唯一跟踪中证电网设备主题指数的电网设备ETF（159326）跌幅0.61%，成交额已达 5.58亿元，成分股中，杭电股份、宏盛华源涨停，通达股份、汇金通、积成电子、金盘科技、长高电新 等股跟涨。 消息面上，据海关总署发布，2025年1-11月重点电力设备出口715亿美元，同比+20%，其中变压器、绕 组电线、绝缘子、开关设备分别同比+35%、24%、45%、29%，贡献更高增速。 诚通证券认为，发达经济体电网设备老旧，超过20年使用年限设备占比高，更新换代需求迫切。国内电 网设备公司将受益于电网投资增速中枢上移，同时海外出口业务有望保持稳定增长。 电网设备ETF（159326）是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上看， 指数成分股的行业分布以输变 ...

深 度 研 究 超配（维持） 电力设备及新能源行业之电网设备专题报告 铁塔凌云起，智电写春秋 2026 年 1 月 28 日 投资要点： SAC 执业证书编号： S0340522050001 电话：0769-22119416 邮箱：liuxingwen@dgzq.com.cn 行业指数走势 资料来源：东莞证券研究所，iFinD 券 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 电力设备及新能源行业 分析师：刘兴文 电网设备行业迈入新发展阶段。电网建设是电力行业发展的重要基 础，电网建设包括变电站和电力线路建设，当前我国智能电网、西 电东送、城乡电网改造等重要项目都需要大量的电网设备，并提出 了新的要求，高效、节能、环保的电网设备将成为未来市场的主流， 电源电网的转型升级为我国的电网设备制造业创造了巨大的发展机 遇。近年来，大数据、人工智能、物联网等技术的快速迭代，加速 了电网数字化转型的进程，智能开关设备、智能电表、数据采集终 端等智能电力设备产品在新型电力系统各个环节中得到广泛应用。 行 业 研 相关报告 ...

审议通过了《关于调整 2024 年员工持股计划管理委员会委员的议案》； 贺坤先生因工作调整，不再担任本次员工持股计划管理委员会委员职务。为了更好地 保障员工持股计划的整体利益，本次持有人会议决议补选李鹏女士为公司 2024 年员工持 股计划管理委员会委员，任期与本次员工持股计划存续期一致。李鹏女士将与廖俊德先生、 彭林女士共同组成本次员工持股计划管理委员会。 证券代码：002452 证券简称：长高电新 公告编号：2026-03 长高电新科技股份公司 2024 年员工持股计划第二次持有人会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假记载、 误导性陈述或者重大遗漏承担责任。 长高电新科技股份公司（以下称"公司"）2024 年员工持股计划（以下简称"员工 持股计划"）第二次持有人会议于 2026 年 1 月 26 日以通讯表决的方式召开。本次会议由 员工持股计划管理委员会召集，由管理委员会主任彭林女士主持，会议应出席持有人 99 人，实际出席 95 人，代表员工持股计划份额 28,186,791 份，占员工持股计划总份额的 97.88%。本次会议的召集、召开和表决程序符合员工持股 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment sector [6] Core Insights - The report highlights new opportunities in the photovoltaic industry driven by space solar power initiatives and rising prices of battery components [1][17] - It emphasizes the importance of supply-side reforms and technological advancements in creating long-term growth opportunities within the industry [1][19] - The report identifies key companies to watch in various segments, including supply chain price increases, new technology growth, and perovskite solar cell developments [1][19][21] Summary by Sections Photovoltaics - The price of multi-crystalline silicon n-type raw materials remains stable, with an average transaction price of 59,200 RMB per ton [17] - N-type battery cell prices have increased to 0.42 RMB per watt, with a price range of 0.40-0.43 RMB per watt [17] - The report notes that rising silver prices have led to increased component costs, with distributed component prices now ranging from 0.70 to 0.80 RMB per watt [17] - SpaceX and Tesla plan to achieve a combined solar manufacturing capacity of 200GW annually in the U.S. within three years, with 40GW dedicated to space solar power [1][18] - Key companies to focus on include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar for supply-side reform opportunities [1][19] Wind Power & Grid - The Netherlands will launch a 1GW offshore wind project tender in September 2026, with a subsidy budget of approximately 32.45 billion RMB [19][20] - Turkey plans to initiate its first offshore wind tender by the end of 2026, aiming for 5GW of installed capacity by 2035 [19][20] - Southern Power Grid has set a fixed asset investment of 180 billion RMB for 2026, focusing on new power system construction and strategic emerging industries [20] - Companies to watch include Goldwind, Yunda, Mingyang Smart Energy, and Sany Heavy Energy in the wind turbine sector [20] Hydrogen Energy - A ceremony for the operation of 300 hydrogen fuel heavy trucks was recently held, showcasing advancements in hydrogen energy technology [3][21] - The trucks are equipped with a 130kW fuel cell system and can achieve a range of over 600 kilometers [3][21] - Key companies in this sector include Shuangliang Energy, Huadian Heavy Industry, and Shenghui Technology [3][21] Energy Storage - The report forecasts that new energy storage installations in China will reach 58.6GW/175.3GWh in 2025, a year-on-year increase of 38%/60% [4][22] - The average bid price for 2-hour energy storage systems is projected to be 0.55 RMB/Wh in 2025, down 16.9% from 2024 [4][22] - Companies to focus on include Sungrow Power, Canadian Solar, and Kehua Data for large-scale energy storage opportunities [4][22] New Energy Vehicles - CATL launched the "Tianxing II" series solutions for light commercial vehicles, including the industry's first intelligent battery management application [5][27] - The solutions cater to various scenarios, including high-frequency urban distribution and extreme temperature conditions [5][27] - Key companies in the battery sector include CATL, Penghui Energy, and Guoxuan High-Tech [5][29]

Investment Rating - The report maintains a strong buy rating for several key companies in the power equipment sector, including Guodian Nanrui, Siyuan Electric, and TBEA, while recommending an increase in holdings for others like Sifang Co. and China XD Electric [2][3]. Core Insights - The State Grid's planned investment of 4 trillion yuan during the 14th Five-Year Plan period represents a 40% increase compared to the previous plan, with an expected compound annual growth rate (CAGR) of 7% [1][9]. - The focus of this investment will be on green transformation, ultra-high voltage, distribution networks, energy storage, and digitalization, which is expected to significantly support the performance of related companies [1][9]. - The report highlights the increasing pressure on power consumption and the need for a new power system, emphasizing ultra-high voltage and energy storage as critical solutions to address this challenge [1][13][21]. Industry Overview - The total number of listed companies in the power equipment sector is 308, with a total market capitalization of 7,728.9 billion yuan [3]. - The absolute performance of the power equipment and new energy sector has shown significant growth, with a 63.1% increase over 12 months [5]. Key Company Analysis - Guodian Nanrui is recognized as a leader in secondary equipment with strong technology barriers and stable operations, expected to see significant growth in high-voltage and system stability businesses [26]. - Siyuan Electric has established a comprehensive product system and service network in overseas markets, with a notable increase in overseas revenue [26]. - China XD Electric benefits from increased capital expenditure in domestic main networks and ultra-high voltage projects, with a growing presence in international markets [27]. - TBEA is experiencing rapid growth in orders, particularly in the Middle East and Europe, and is expected to benefit from ongoing power construction projects [28]. - Other notable companies include XJ Electric, Pinggao Electric, and Igor, each with unique strengths and growth prospects in the evolving power equipment landscape [29][30][31].

《关于公司向不特定对象发行可转换公司债券申请获得中国证券监督管理委员会同意注册批复的 公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 最新公告列表 截至2026年1月19日收盘，长高电新（002452）报收于10.22元，较前一交易日上涨7.58%，最新总市值 为63.4亿元。该股当日开盘9.63元，最高10.3元，最低9.59元，成交额达9.13亿元，换手率为17.6%。 公司近日发布公告称，已于2026年1月16日收到中国证券监督管理委员会《关于同意长高电新科技股份 公司向不特定对象发行可转换公司债券注册的批复》（证监许可〔2026〕74号），同意公司向不特定对 象发行可转换公司债券的注册申请。批复自同意注册之日起12个月内有效。公司需严格按照报送深圳证 券交易所的申报文件和发行方案实施发行，并在发生重大事项时及时报告。董事会将根据批复要求及法 律法规，在规定期限内办理相关事宜并履行信息披露义务。 ...

Market Overview - As of January 19, the Shanghai Composite Index rose by 0.29% to close at 4114.0001 points, while the Shenzhen Component Index increased by 0.09% to close at 14294.053 points [1] Top Gainers in Hunan Stocks - Changlan Technology opened at 20.800 and closed at 22.990, achieving a daily increase of 7.83%, with a highest price of 23.350 and a lowest price of 20.580, trading volume reached 310,056 lots [2] - Changgao Electric New opened at 9.630 and closed at 10.220, marking a daily rise of 7.58%, with a highest price of 10.300 and a lowest price of 9.590, trading volume was 907,740 lots [2] - Jinbei Electric opened at 13.550 and closed at 14.340, reflecting a daily increase of 5.75%, with a highest price of 14.340 and a lowest price of 13.550, trading volume was 530,320 lots [2] - Boyun New Materials opened at 11.580 and closed at 12.380, showing a daily rise of 5.72%, with a highest price of 12.640 and a lowest price of 11.510, trading volume reached 683,175 lots [2] - *ST Biological opened at 8.360 and closed at 8.930, achieving a daily increase of 5.06%, with a highest price of 8.930 and a lowest price of 8.360, trading volume was 39,799 lots [2] Top Losers in Hunan Stocks - Hengli Retreat opened at 0.160 and closed at 0.150, experiencing a daily drop of 11.76%, with a highest price of 0.170 and a lowest price of 0.150, trading volume was 611,606 lots [3] - Kaimete Gas opened at 23.120 and closed at 22.590, reflecting a daily decline of 2.67%, with a highest price of 23.290 and a lowest price of 22.500, trading volume reached 566,571 lots [3] - ST Jiajia opened at 6.700 and closed at 6.540, marking a daily decrease of 2.39%, with a highest price of 6.760 and a lowest price of 6.540, trading volume was 52,505 lots [3] - Tuowei Information opened at 33.940 and closed at 33.770, showing a daily drop of 1.29%, with a highest price of 34.400 and a lowest price of 33.630, trading volume reached 53,496 lots [3] - Aoshikang opened at 41.650 and closed at 41.130, experiencing a daily decline of 1.25%, with a highest price of 41.650 and a lowest price of 40.850, trading volume was 32,232 lots [3]

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

Core Viewpoint - The China Securities Regulatory Commission has approved the registration of Changgao Electric New Technology Co., Ltd. to issue convertible bonds to unspecified investors, valid for 12 months from the date of approval [1] Group 1 - The approval was granted on January 16, 2026 [1] - The company can issue convertible bonds to unspecified investors [1] - The registration approval is valid for 12 months from the date of issuance [1]