Core Viewpoint - The company expects a significant decline in net profit for the year 2025, projecting a range of 8.5 to 11.5 million yuan, which represents a year-on-year decrease of 69.23% to 77.25% [1] Group 1 - The main raw materials, copper and silver, have seen continuous price increases, which have adversely affected the company's gross profit margin due to a lag in product price adjustments [1] - The company plans to make impairment provisions for related assets based on a principle of prudence, which will negatively impact the overall net profit for the reporting period [1]

贵州泰永长征技术股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：002927 证券简称：泰永长征 公告编号：2026-004 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上情形。 单位：万元 | 项 目 | 本报告期 | | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 850～1,150 | | 3,736.84 | | | 比上年同期下降 | 69.23%～77.25% | | | 扣除非经常性损益后的净利润 | 200～250 | | 2,215.45 | | | 比上年同期下降 | 88.72%～90.97% | | | 基本每股收益（元/股） | 0.0381～0.0515 | | 0.1674 | 二、与会计师事务所沟通情况 公司本次业绩预告的相关财务数据未经会计师事务所审计。公司已就业绩预告有关事 项与提供年度审计服务的会计 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - As of January 30, 2026, the installed capacity of new energy storage in China reached 136 million kilowatts, marking an 84% increase compared to the end of 2024 and over 40 times growth compared to the end of the 13th Five-Year Plan [2][40] - The report highlights significant growth in the photovoltaic and wind power sectors, with new installations expected to reach 315.1 GW and 119.3 GW respectively in 2025, representing year-on-year increases of 13.7% and 50.4% [42] - The report emphasizes the increasing flexibility of new energy storage systems, which play a crucial role in enhancing the stability and safety of the power system [42] Market Review - The power equipment sector experienced a decline of 0.47% over the past two weeks, underperforming the CSI 300 index by 0.53 percentage points, ranking 19th among 31 sectors [11] - In January 2026, the power equipment sector saw a monthly increase of 4.56%, outperforming the CSI 300 index by 1.88 percentage points [11] - The wind power equipment sector rose by 1.77%, while the photovoltaic equipment sector increased by 4.24% during the same period [18] Valuation and Industry Data - As of January 29, 2026, the price-to-earnings (PE) ratio for the power equipment sector was 34.76 times, with sub-sectors such as electric motors and other power equipment showing PE ratios of 59.88 and 59.64 respectively [24] - The report provides detailed valuation metrics for various sub-sectors, indicating significant variations in their market performance [25] Company Announcements - The report notes that several companies, including Gree and Enjie, are expected to turn profitable in 2025, with projected net profits ranging from 34 million to 164 million yuan [41][44] - The report highlights the importance of technological advancements and market strategies for companies in the power equipment sector to maintain competitive advantages [43]

Group 1 - The core viewpoint of the article is that Taiyong Changzheng (002927) has provided information about its solid-state circuit breaker demonstration projects in response to investor inquiries [1] - The demonstration projects include a construction project for a certain middle school in Ordos, a ship DC distribution system project at a certain university in Wuhan, and a certain 800V DC system experimental station project [1] - These demonstration projects collectively account for a small proportion of the company's revenue [1]

证券日报网讯 1月28日，泰永长征在互动平台回答投资者提问时表示，公司变压器产品暂未实现直接出 口，公司正在准备并积极把握海外市场机会。目前变压器订单整体处于合理水平，特殊产品按照订单生 产，常规型号产品有备货。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 1月28日，泰永长征在互动平台回答投资者提问时表示，公司持续密切关注5G-A的应用 需求和6G相关技术进展，围绕6G基站、智算中心等6G下游场景的配电需求，开展高可靠、智能化配电 产品的技术研发和储备。 ...

证券代码：002927 证券简称：泰永长征 公告编号：2026-003 贵州泰永长征技术股份有限公司 关于为子公司向银行申请授信提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为支持贵州泰永长征技术股份有限公司（以下简称"公司"）子公司业务发 展，第四届董事会第四次会议、第四届监事会第四次会议、2024 年度股东大会审 议通过了《关于预计 2025 年度担保额度的议案》，同意公司向全资子公司深圳市 泰永电气科技有限公司（以下简称"深圳泰永"）提供新增不超过人民币 40,000 万元的担保额度、向全资子公司重庆源通电器设备制造有限责任公司提供新增不 超过人民币 3,000 万元的担保额度，有效期限自 2024 年度股东大会审议通过之日 起 12 个月内，具体担保形式后续将与有关机构进一步协商确定，以正式签署的协 议或合同为准。具体内容详见公司于 2025 年 4 月 25 日披露在巨潮资讯网 （www.cninfo.com.cn）上的《关于预计 2025 年度担保额度的公告》（公告编号： 2025-022）等相关公告。 一、担保情况概述 公司 ...

格隆汇1月28日丨泰永长征(002927.SZ)在投资者互动平台表示，公司变压器产品暂未实现直接出口，公 司正在准备并积极把握海外市场机会。目前变压器订单整体处于合理水平，特殊产品按照订单生产，常 规型号产品有备货。 ...

格隆汇1月28日丨泰永长征(002927.SZ)在投资者互动平台表示，公司曾为蓝箭航天供应少量ATSE设备。 ...

证券日报网讯 1月26日，泰永长征在互动平台回答投资者提问时表示，公司的AI应用技术聚焦电力智能 化场景：TYT FUTURE平台融合AI算法，实现负荷预测、故障预警与能效优化；固态断路器集成AI故 障预测功能，为AI服务器配电等场景提供智能保障，赋能设备全生命周期数字化运维等。 （编辑 楚丽君） ...