证券代码：300444 证券简称：双杰电气 公告编号：2025-058 北京双杰电气股份有限公司 关于公司股东股份减持计划到期暨减持股份进展的公告 公司股东浙江君弘资产管理有限公司-君弘钱江七十七期私募证券投资 基金保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 北京双杰电气股份有限公司（以下简称"公司"）于2025年5月9日在巨潮资 讯网（www.cninfo.com.cn，下同）披露了《关于公司股东股份减持计划预披露 的公告》（公告编号：2025-038）， 公司原持股5%以上股东浙江君弘资产管理 有限公司-君弘钱江七十七期私募证券投资基金（以下简称"浙江君弘"）因其自 身资金需求计划在减持计划预披露公告之日起十五个交易日后的三个月内，以集 中竞价或大宗交易方式减持公司股份不超过7,986,250股，减持比例不超过公司 总股本的1%。 浙江君弘于2025年6月5日通过深圳证券交易所集中竞价交易的方式减持公 司股票68,800股，公司于2025年6月6日在巨潮资讯网披露了《关于持股5%以上 股东权益变动 ...

双杰电气 202509004 摘要 双杰电气提供风光储、充换电数字化一站式解决方案，业务覆盖源网荷 储四大环节，拥有六大生产基地，产能达百亿，形成输配电与新能源智 能装备的产业协同布局。 公司在电源侧已设计安装超过 400 座电站，总容量超 5GW，并成功转 型为大型风光电站开发商，首个 300MW 集中式风电项目已竣工，同时 中标宁夏 1GW 光伏项目，并计划在吉尔吉斯斯坦投资海外光伏项目。 电网侧，公司提供 40.5kV 及以下全产业链智能电器用电解决方案，是 国南网中标前列企业，固体绝缘环网柜引领行业发展，并拓展比亚迪、 中国移动等工商业客户。 负荷侧，公司提供充换电一站式解决方案，与地方城投、交投、国电投、 浙江金投合作，研发底盘式换电站、新能源机车换电站等技术，并重点 拓展重卡充电领域。 2025 年上半年公司收入 23.8 亿元，同比增长 42%，净利润 1.04 亿元， 同比增长 20%。新能源收入占比 60%，首次超过输配电收入，智能设 备收入占比 40%。 Q&A 请介绍一下双杰电气的整体业务情况和最新发展动态。 双杰电气是一家创业板上市公司，也是国家高新企业，成立于 2002 年，深耕 电 ...

格隆汇9月4日丨双杰电气(300444.SZ)近日在线上电话会议表示，公司新能源业务在手及储备订单充 足，未来发展态势良好。公司致力于为客户提供一站式综合能源解决方案，新能源电站的投资建设能够 有力带动公司相关新能源智能装备的销售。基于对新能源行业政策走向及市场交易动态的研判，公司已 进行了广泛的战略布局，并提前开展电力交易业务，进一步提升新能源电力交易效率，增强整体盈利能 力和抗风险水平。 ...

公司亮点与业绩回顾 9月4日，北京双杰电气股份有限公司（股票代码：300444.SZ）通过线上电话会议的形式，接受了博时 基金管理有限公司、财通证券股份有限公司等40家机构投资者的调研。公司董事会秘书史玉、投资者关 系部总经理刘丝雨参与接待。 此次投资者关系活动类别为线上电话会议，时间为2025年09月04日（星期四）15：00 - 16：00，地点为 线上电话会议。 互动问答环节要点降本增效：公司借助数智化与精细化管理，降低采购和生产成本。通过综合能源管理 平台实现风、光、储等数据线上化管理，减少运维人力；完成供应等环节信息化打通，提升运营效率。 新能源业务预期：新能源业务在手及储备订单充足，发展态势良好。公司提供一站式综合能源解决方 案，新能源电站建设带动智能装备销售。基于行业政策和市场动态，提前布局电力交易业务，提升盈利 能力与抗风险能力。变压器产能：变压器产线产能利用率较高，已根据战略需求规划并实施产能提升方 案。数据中心订单：公司正积极拓展数据中心相关新订单，若有新规划将及时披露。分红规划：公司重 视投资者回报，结合自身实际，依据《公司法》等法规修订，董事会审议通过使用公积金弥补亏损议案 并提交股东 ...

格隆汇9月4日丨双杰电气(300444.SZ)近日在线上电话会议表示，公司新能源业务在手及储备订单充 足，未来发展态势良好。公司致力于为客户提供一站式综合能源解决方案，新能源电站的投资建设能够 有力带动公司相关新能源智能装备的销售。基于对新能源行业政策走向及市场交易动态的研判，公司已 进行了广泛的战略布局，并提前开展电力交易业务，进一步提升新能源电力交易效率，增强整体盈利能 力和抗风险水平。 ...

格隆汇9月4日丨双杰电气(300444.SZ)近日在线上电话会议表示，公司变压器产线的产能利用率维持在 较高水平，为把握未来市场机遇，已根据公司战略发展需求，规划并实施了相应的产能提升方案。 ...

答：凭借数智化手段和精细化管理，公司的采购和生产成本均有降低。对外， 公司依托综合能源管理平台，实现了风、光、储、充、换电站数据的线上化管理， 支持安全监控、智能预警和收益预测等功能，显著减少了运维人力投入，降低了 运营成本。对内，公司完成了供应、采购、履约、质量等环节的端到端信息化打 通，实现了数字化运营管理，整体提升了生产运营效率。 股票代码：300444 股票简称：双杰电气 北京双杰电气股份有限公司投资者关系活动记录表 编号： | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | 其他 （线上电话会议） | | 参与单位名称 | 博时基金管理有限公司、财通证券股份有限公司、国泰君安创新投资有限公司、 | | | 光大保德信基金管理有限公司、国投创益产业基金管理有限公司、NasTyx Cap、 | | | 海南锐鸿私募基金管理有限公司、鸿运私募基金管理（海南）有限公司、君义振 | | | 华（北京）管理咨询有限公司、上海天猊投资管理有限公司、上海匀升投资管理 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Double J Electric (300444) for the first half of 2025, showing significant growth in revenue and net profit compared to the previous year [1] - The total operating revenue for the first half of 2025 reached 2.376 billion yuan, an increase of 41.95% year-on-year, while the net profit attributable to shareholders was 104 million yuan, up 20.11% [1] - In Q2 2025, the company reported an operating revenue of 1.778 billion yuan, reflecting a substantial year-on-year increase of 164.69%, with net profit soaring by 1664.48% to 103 million yuan [1] Group 2 - The gross profit margin for the first half of 2025 was 17.32%, a decrease of 15.3% year-on-year, while the net profit margin was 4.55%, down 14.91% [1] - Total expenses (selling, administrative, and financial) amounted to 240 million yuan, accounting for 10.1% of revenue, which is a decrease of 6.98% year-on-year [1] - The company's accounts receivable increased significantly, with a year-on-year growth of 42.84%, reaching 2.046 billion yuan [1] Group 3 - The company's return on invested capital (ROIC) was 4.09% last year, indicating weak capital returns, with a historical median ROIC of 10.04% since its listing [3] - The business model relies heavily on research and marketing, necessitating a thorough examination of the underlying drivers of these factors [3] - Concerns have been raised regarding the company's cash flow and debt situation, with a cash flow to current liabilities ratio of only 31.31% and a negative average operating cash flow over the past three years [3]

Summary of the Conference Call for 双杰电器 Company Overview - **Company**: 双杰电器 (Shuangjie Electric) - **Industry**: New Energy and Smart Electrical Equipment Key Points and Arguments 1. **Revenue Breakdown**: In the first half of 2025, new energy revenue accounted for 60% of total revenue, surpassing the transmission and distribution segment for the first time. New energy business revenue reached 1.42 billion yuan, a year-on-year increase of 74% [2][3][5] 2. **Overall Financial Performance**: Total revenue for the first half of 2025 was 2.38 billion yuan, a 42% increase year-on-year, with net profit at 104 million yuan, up 20% [3][4] 3. **EPC Contracts**: The company confirmed 70%-75% of orders for the Ningxiang supporting project, with a total scale of approximately 1.65 billion yuan, of which 1.5 billion yuan is for EPC contracts [2][13] 4. **Growth in Smart Electrical Equipment**: Revenue from smart electrical equipment was 943 million yuan, a year-on-year increase of 11%, benefiting from changes in national procurement policies [2][5][11] 5. **Progress in Four Key Areas**: The company made advancements in the four key areas of source, network, load, and storage, providing comprehensive solutions in solar and wind energy [6][8][33] 6. **Contract Growth**: New contract value reached 2.2 billion yuan in the first half of 2025, a 44% increase year-on-year, with a backlog of orders between 3 to 4 billion yuan [4][20] 7. **International Expansion**: Plans to invest in the first overseas photovoltaic project in Kyrgyzstan to further expand international market presence [2][9][24] 8. **Cost Management**: Gross margin for smart electrical equipment improved by 4 percentage points due to economies of scale, reduced raw material costs, and internal cost-cutting measures [4][14] 9. **Future Outlook**: The company aims to significantly enhance its new energy business over the next 1-3 years, particularly in integrated source, network, load, and storage solutions [4][31][34] Additional Important Information 1. **Digital Transformation**: The company has implemented digital transformation strategies to reduce production and procurement costs, utilizing AI for forecasting and design [7] 2. **Employee Incentives**: Increased management expenses due to employee incentive plans and the need for more personnel to support new production capacity [27][28] 3. **Market Position**: The company has established a competitive advantage in the European market with solid insulation ring network cabinets and environmentally friendly gas cabinets [23] 4. **Future Revenue Projections**: The company anticipates significant growth in overseas revenue, particularly in the new energy sector, although specific forecasts remain uncertain due to project timelines [25][26] This summary encapsulates the key insights and developments discussed during the conference call, highlighting the company's strategic direction and performance metrics.

Company Overview - Beijing Shuangjie Electric Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2015 under the stock code 300444.SZ. The company has over 2,000 employees and six production bases across China [2][4]. - The company focuses on the power industry, maintaining strong R&D capabilities and advanced smart manufacturing levels. It has developed a comprehensive product matrix covering both power distribution and new energy intelligent equipment [2][4]. Financial Performance - In the first half of 2025, the company achieved a revenue of ¥2,375,894,832.52, representing a year-on-year growth of 41.95%. The net profit attributable to shareholders was ¥103,516,272.94, with a growth of 20.11% [2][4]. Revenue Growth Drivers - The significant revenue growth in the first half of 2025 was driven by two main factors: 1. The smart electrical equipment business experienced notable growth due to customer adjustments in procurement policies [3]. 2. The new energy business saw an increase in revenue from new orders and sufficient backlog, surpassing the revenue from smart electrical equipment for the first time [3]. Gross Margin Improvement - The improvement in gross margin for smart electrical equipment was attributed to three key factors: 1. Scale effects from increased production leading to lower fixed costs per unit [5]. 2. Reduced procurement costs due to enhanced bargaining power with suppliers [5]. 3. Internal management optimization through improved product design and production processes [5]. International Market Development - The company is actively expanding its international market presence, with products sold in over 20 countries and regions. The overseas business is progressing well, with stable market orders and new customers in the power sector [6]. - In the new energy sector, the company is advancing planned photovoltaic projects abroad [6]. Investment Return Strategy - The company emphasizes investor returns and is developing a dividend strategy to reward shareholders while ensuring long-term stable growth and strengthening core business competitiveness [7][8].