Core Viewpoint - Suwen Electric Power (300982.SZ) is collaborating with professional investment institutions to establish a fund aimed at accelerating its long-term development and enhancing investment opportunities while ensuring stable operations in its main business [1] Group 1: Investment Partnership - The company’s wholly-owned subsidiary, Sibell Electric Power Investment Co., Ltd. (referred to as "Sibell"), has signed a partnership agreement with several entities to jointly invest in the establishment of Changzhou Lirun Venture Capital Partnership (Limited Partnership) [1] - The total subscribed capital of the partnership is 68.5 million yuan, with Sibell contributing 5 million yuan, representing 7.2993% of the total subscribed capital [1] Group 2: Strategic Alignment - The collaboration with professional investment institutions aligns with the company's development strategy and investment direction, facilitating the implementation of its growth strategy [1] - By leveraging the advantages of the fund manager's professional team, project resources, and platform, the company aims to identify projects with good development prospects [1] Group 3: Risk Management and Returns - The partnership is expected to help the company share potential investment returns while effectively reducing investment risks [1] - This initiative is designed to create reasonable investment returns for the company and its shareholders [1]

Group 1 - Far East Holdings announced that its subsidiary won a contract order worth 3.075 billion yuan, including contracts for green building cables and smart manufacturing cables [1] - Yifan Pharmaceutical received a drug registration certificate for Vitamin K1 injection, which is used to treat vitamin K deficiency-related bleeding [2] - Guangdong Electric Power A's Maoming Bohua Power Plant's Unit 4 has successfully commenced commercial operation, with a total investment of 7.484 billion yuan and an expected annual power generation of 8.6 billion kWh [4] Group 2 - Longfly Fiber reported that the global fiber optic cable industry market environment is normal, with product price fluctuations needing comprehensive assessment [25] - Shanghai Yizhong's net profit for 2025 increased by 819.42%, with total revenue of 317 million yuan, a growth of 82.72% [22] - Guizhou Power's subsidiary received a government subsidy of 200 million yuan [8] Group 3 - Zhongxing Communications plans to invest 117 million yuan in the Jianxing Zhanlu Fund, which focuses on new information technology and advanced manufacturing [10] - Suwen Electric Power's subsidiary established a joint investment fund with a total commitment of 68.5 million yuan, with Suwen contributing 5 million yuan [26] - ST Kaiyuan announced that its stock may face delisting risk due to expected negative net assets for 2025 [27]

证券代码：300982 证券简称：苏文电能 公告编号：2026-004 苏文电能科技股份有限公司 关于全资子公司与专业投资机构 共同投资设立产业基金的公告 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。 为促进苏文电能科技股份有限公司（以下简称"公司"）长远发展，充分借 助专业投资机构的专业资源在投资领域的广泛布局及资源整合能力，公司全资子 公司思贝尔电力投资有限公司（以下简称"思贝尔"）作为有限合伙人与常州力 中投资管理有限公司（以下简称"力中投资"）、联检（江苏）科技股份有限公 司、无锡市宝森投资管理有限公司、江苏协和电子股份有限公司、黄文波、梁元 旦、周元琴、许常娥、蒋亚军及杨亚东签署《常州力韧创业投资合伙企业（有限 合伙）合伙协议》（以下简称"合伙协议"），共同投资成立常州力韧创业投资 合伙企业（有限合伙）（以下简称"基金"或"合伙企业）。根据《合伙协议》， 合伙企业认缴出资总额为人民币 6,850 万元（币种下同），其中思贝尔以自有资 金认缴出资 500 万元，占合伙企业认缴出资总额的 7.2993%。 根据《中华人民共和国公司法》《深圳证券交易所创 ...

苏文电能2月2日公告，公司全资子公司思贝尔电力投资有限公司作为有限合伙人，与常州力中投资管理 有限公司等共同投资成立常州力韧创业投资合伙企业（有限合伙），认缴出资总额为6850万元，思贝尔 认缴出资500万元，占合伙企业认缴出资总额的7.2993%。合伙企业主要投资方向：智慧检测服务及高 端装备、机器人及人工智能、智慧能源等。 ...

Core Viewpoint - Suwen Electric Power (300982.SZ) is expected to report a net loss of 19 million to 27 million yuan for the fiscal year 2025, a significant decline from a profit of 52.95 million yuan in the same period last year [1] Company Performance - The net profit attributable to shareholders is projected to be a loss of 19 million to 27 million yuan, compared to a profit of 52.95 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is expected to be a loss of 22 million to 30 million yuan, down from a profit of 21.54 million yuan in the same period last year [1] Industry Context - The industry is experiencing intense competition and a decline in market demand, which has adversely affected the company's electric engineering services and equipment sales [1] - The company's business scale has decreased compared to the same period last year due to these market conditions [1] Asset Impairment - During the reporting period, some fixed assets and other non-current assets showed signs of impairment, contributing to the reduction in the company's profits [1]

Core Viewpoint - The company, Suwen Electric Power, anticipates a significant decline in net profit for the year 2025, projecting a loss between 27 million to 19 million yuan, and a loss of 30 million to 22 million yuan when excluding non-recurring gains and losses [1] Group 1: Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between -27 million yuan and -19 million yuan [1] - The anticipated net profit after excluding non-recurring items is expected to range from -30 million yuan to -22 million yuan [1] Group 2: Market Conditions - The company faces intense industry competition and a decline in market demand, which have adversely affected its business operations [1] - Both the electric engineering services and electric equipment sales have experienced varying degrees of impact, leading to a reduction in the company's business scale compared to the same period last year [1] Group 3: Asset Impairment - During the reporting period, some fixed assets and other non-current assets showed signs of impairment, contributing to a decrease in the company's profits [1]

Core Viewpoint - The company expects a negative net profit for the fiscal year 2025, with a projected net profit attributable to shareholders ranging from -27 million to -19 million yuan, compared to a profit of 52.95 million yuan in the same period last year [1] Financial Performance - The expected net profit after deducting non-recurring gains and losses is projected to be between -30 million and -22 million yuan, down from 21.54 million yuan in the previous year [1] - The company has indicated a decline in business scale compared to the same period last year due to intense industry competition and decreased market demand [1] Asset Impairment - During the reporting period, some fixed assets and other non-current assets showed signs of impairment, which contributed to a reduction in the company's profits [1]

证券代码：300982 证券简称：苏文电能 公告编号：2026-003 苏文电能科技股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本期业绩预告的相关数据是苏文电能科技股份有限公司（以下简称"公 司"）财务部门初步测算的结果，未经会计师事务所审计。公司已就本次业绩 预告有关事项与会计师事务所进行预沟通，双方在本次业绩预告方面不存在重 大分歧。 三、业绩变动原因说明 1.报告期内，行业竞争激烈，市场需求下降，公司的电力工程服务及电力 设备销售均受到不同程度的影响，导致公司业务规模较上年同期有所下滑。 2.报告期内，公司部分固定资产及其他非流动资产出现减值迹象，该事项 导致公司利润相应减少。 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：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 | 项 | 目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and decoration sector, particularly focusing on those benefiting from the upcoming surge in power grid investments [4][10]. Core Insights - The National Grid's "14th Five-Year Plan" investment is expected to increase by 40% during the "15th Five-Year Plan," with total fixed asset investment projected to reach 4 trillion yuan, translating to an average annual investment of 800 billion yuan [9][14]. - The report anticipates a new cycle of investment in the power grid starting in 2026, driven by significant increases in renewable energy installations and the need for enhanced grid infrastructure [1][13]. - The demand for power grid services and equipment is expected to rise due to aging infrastructure in North America and Europe, creating opportunities for Chinese companies to expand their services abroad [1][13]. Summary by Sections Investment Opportunities - **China Power Construction**: A leader in energy services with comprehensive capabilities across the energy sector, expected to benefit from accelerated high-voltage construction projects [2][17]. - **China Energy Engineering**: Holds the largest market share in high-voltage design, anticipated to gain from increased demand for survey and design services during the "15th Five-Year Plan" [2][18]. - **Suwen Electric**: A unique provider of integrated EPCOS services for distribution networks, projected to benefit from a 10% increase in distribution network investment in 2024 [3][23]. - **Ankore**: A leader in microgrid energy management, expected to see significant demand growth due to the implementation of smart infrastructure and energy management systems [7][28]. - **Zeyu Intelligent**: A key player in power information system integration, likely to benefit from the digitalization of the power grid [8][30]. - **Yongfu Co.**: Recognized for its advanced smart grid technologies, expected to benefit from the focus on renewable energy and digitalization in the power sector [8][30]. Market Trends - The report highlights a clear upward trend in investment within the power grid sector, with a focus on high-voltage channels, distribution network upgrades, and digital/microgrid construction [9][33]. - The anticipated increase in investment is seen as a stabilizing force for the economy, with major infrastructure projects being a key area of focus for government spending [1][13]. Financial Projections - The report provides detailed financial projections for key companies, including earnings per share (EPS) and price-to-earnings (PE) ratios, indicating strong growth potential in the coming years [10][34].

Group 1 - The core viewpoint of the news is that Suwen Electric Power has experienced a decline in stock price and significant changes in financial performance, with a notable drop in revenue and net profit year-on-year [1][2]. - As of January 16, Suwen Electric Power's stock price decreased by 2.03% to 22.20 CNY per share, with a trading volume of 208 million CNY and a turnover rate of 4.68%, resulting in a total market capitalization of 4.595 billion CNY [1]. - The company has seen a year-to-date stock price increase of 9.96%, but a decline of 3.69% over the last five trading days, with a 20-day increase of 8.40% and a 60-day increase of 13.09% [1]. Group 2 - Suwen Electric Power's main business involves providing services related to power and renewable energy design, integration, equipment supply, and operation maintenance for various sectors, including real estate and public utilities [1]. - The revenue composition of the company is as follows: 66.95% from power engineering construction, 32.86% from power equipment supply, and 0.19% from other sources [1]. - As of September 30, the company reported a revenue of 1.019 billion CNY for the first nine months of 2025, a year-on-year decrease of 17.68%, and a net profit attributable to shareholders of 10.0575 million CNY, down 81.37% year-on-year [2]. Group 3 - Since its A-share listing, Suwen Electric Power has distributed a total of 408 million CNY in dividends, with 253 million CNY distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders increased to 15,500, a rise of 6.78%, while the average circulating shares per person decreased by 6.35% to 12,490 shares [2]. - Notably, as of the same date, one of the top ten circulating shareholders, GF Multi-Factor Mixed Fund, has exited the list [3].