证券代码：301291 证券简称：明阳电气 公告编号：2025-040 广东明阳电气股份有限公司 第二届监事会第十三次会议决议公告 本公司及监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。 一、监事会会议召开情况 广东明阳电气股份有限公司（以下简称"公司"）第二届监事会第十三次会 议于 2025 年 8 月 26 日在公司会议室召开。本次会议通知已于 2025 年 8 月 16 日送达各位监事。会议应出席监事 3 人，实际出席监事 3 人。本次会议由监事会 主席沈军先生主持，董事会秘书列席。 本次会议的召集、召开和表决程序符合国家有关法律、行政法规、部门规章、 规范性文件及《公司章程》的规定，会议形成的决议合法有效。 二、监事会会议审议情况 经与会监事审议表决，审议通过了以下议案： （一）审议通过《关于<2025 年半年度报告>及摘要的议案》 公司监事会认为：公司编制的《2025 年半年度报告》及摘要符合《深圳证 券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》及《公司章程》等有关规定，全面、客观、真实 地反映了公 ...

（文章来源：每日经济新闻） 每经AI快讯，8月27日，明阳电气(301291.SZ)发布2025年半年度报告，公司实现营业收入34.75亿元，同 比增长40.51%；归属于上市公司股东的净利润为3.06亿元，同比增长24.38%。 ...

格隆汇8月27日｜明阳电气公告，2025年上半年营业收入34.75亿元，同比增长40.51%。净利润3.06亿 元，同比增长24.38%。公司拟向全体股东每10股派发现金红利0.70元（含税）。 ...

格隆汇8月27日丨明阳电气(301291.SZ)公布2025年半年度报告，上半年公司实现营业收入34.75亿元，同 比增长40.51%；归属于上市公司股东的净利润3.06亿元，同比增长24.38%；归属于上市公司股东的扣除 非经常性损益的净利润3.01亿元，同比增长23.35%；基本每股收益0.98元；拟向全体股东每10股派发现 金红利0.70元(含税)。 ...

Group 1 - The company announced a revenue of 3.475 billion yuan for the first half of 2025, representing a year-on-year increase of 40.51% [1] - The net profit for the same period was 306 million yuan, showing a year-on-year growth of 24.38% [1] - The company plans to distribute a cash dividend of 0.70 yuan (including tax) for every 10 shares to all shareholders [1]

第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人张传卫、主管会计工作负责人刘文娣及会计机构负责人(会计主管人员)刘 文娣声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 广东明阳电气股份有限公司 2025 年半年度报告 广东明阳电气股份有限公司 2025 年半年度报告 2025-037 2025 年 8 月 1 广东明阳电气股份有限公司 2025 年半年度报告 本年度报告涉及未来计划等前瞻性陈述属于计划性事项，均不构成公司对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与 承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应对措施"部 分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相关内容。 公司经本次董事会审议通过的利润分配预案为：以股本 312,200,000 股为基数，向全 体股东每 10 股派发现金红利 0.70 元（ ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [3] Core Insights - The report highlights the increasing potential demand for AIDC and energy storage in emerging markets, driven by the photovoltaic industry's anti-involution catalysts [7][15] - The overall market sentiment is optimistic, with the CJ Electric New Index rising by 5.57% this week, indicating a strong performance across all sub-sectors [7][31] Summary by Sections 1. Photovoltaics - The photovoltaic sector is experiencing a stable price environment, with the Ministry of Industry and Information Technology planning a meeting to discuss component procurement results [18][21] - The report emphasizes the importance of the anti-involution strategy in the photovoltaic industry, with expectations for price stability and potential recovery in demand due to new pricing mechanisms in regions like Shandong and Gansu [27][35] - Recommended stocks include Tongwei Co., GCL-Poly Energy, LONGi Green Energy, and Aiko Solar, focusing on those benefiting from the anti-involution strategy [15][35] 2. Energy Storage - The energy storage sector is witnessing unexpected demand growth, particularly in emerging markets, with Indonesia announcing a 320GWh distributed battery storage plan [40][41] - The report notes that major players like Sungrow Power and CATL are strengthening their market positions, with significant projects enhancing their competitive edge [44][48] - Recommended stocks in this sector include Sungrow Power, DeYe, and Airo Energy, focusing on those with strong growth potential in both domestic and international markets [15][49] 3. Lithium Batteries - The lithium battery sector remains stable, with a focus on solid-state battery advancements and the ongoing demand for electric vehicles [15][35] - Key players such as CATL and other second-tier companies are expected to benefit from the stable market conditions and potential price rebounds in lithium carbonate [15][35] 4. Wind Power - The wind power sector is seeing accelerated offshore wind project approvals, with companies like Mingyang Smart Energy and Haili Wind Power expected to benefit from this trend [15][35] - The report highlights the importance of supply chain recovery and profitability restoration in the wind turbine segment [15][35] 5. Power Equipment - The power equipment sector is experiencing growth driven by high-voltage projects and increasing overseas demand [15][35] - Recommended stocks include Mingyang Electric and Sifang Co., focusing on those involved in high-voltage and data center projects [15][35] 6. New Directions - The report discusses the rising demand for humanoid robots and AIDC technologies, with significant growth expected in AI applications and related sectors [15][35] - Companies like Sanhua Intelligent Control and Zhejiang Rongtai are highlighted as key players in this emerging market [15][35]

Core Viewpoint - The report from Guojin Securities indicates that the wind turbine manufacturing sector is expected to see significant improvements in gross profit margins by 2026, driven by scale effects and a decrease in expenses, despite limited price recovery in 2024 [1][5]. Group 1: Market Dynamics - Concerns about the sustainability of strong price and volume performance in the wind power industry for 2025 have led to undervaluation of turbine manufacturers' stock prices, which do not reflect the potential for profit improvement [2]. - The average bidding price for land-based wind turbines has increased by 9% year-on-year to 1552 RMB/kW from January to July 2024, yet stock prices have not adequately responded to this positive price trend [2]. Group 2: Demand Expectations - Multiple forward indicators suggest that domestic land wind demand is likely to achieve year-on-year growth in 2026, countering market fears of a downturn due to the end of the 14th Five-Year Plan [3]. - The approved wind power capacity reached 106 GW from January to July 2024, marking a 37% increase year-on-year, indicating optimistic demand for 2026 [3]. - Major state-owned enterprises have initiated a procurement plan for 10 GW of land wind turbines for 2025-2026, reflecting a 67% increase [3]. Group 3: Price Trends - The price recovery of wind turbines is attributed to a mutual commitment between manufacturers and operators, with manufacturers showing a strong willingness to maintain prices after years of price wars [4]. - The optimization of bidding mechanisms, driven by the need for high reliability and reduced operational costs, is expected to support sustained price increases for wind turbines [4]. Group 4: Profitability Outlook - The manufacturing gross profit margin for turbine manufacturers is expected to improve significantly in 2026, with a projected decrease in sales and management expense ratios by 1-2 percentage points due to scale effects [5]. - Despite a potential slowdown in domestic land wind installation growth, overseas markets and offshore wind projects are anticipated to support long-term growth for turbine manufacturers [5]. - The offshore wind installation demand is expected to rise significantly, with new projects and approvals indicating a shift towards higher annual installation rates [5].

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002879 | 长缆科技 | 1.23 6 | 22.91% | -5911.72万 | -11.02% | -6382.22万 | -11.89% | | 002706 | 良信股份 | 8003.81万 | 9.38% | 1470.20万 | 1.72% | -9474.01万 | -11.10% | | 300001 | 特倪德 | 6836.83万 | 8.00% | -5169.07万 | -6.04% | -1667.77万 | -1.95% | | 301291 | 明阳电气 | 6791.75万 | 8.45% | -6567.61万 | -8.17% | -224.15万 | -0.28% | | 002533 金杯电工 | | 6328.20万 | 10.43% | -4770.00万 | -7.86% | -1558.20万 | -2.57% ...

Market Overview - The Shanghai Composite Index closed at 3696.77 points, above the annual line, with an increase of 0.83% [1] - The total trading volume of A-shares reached 22,728.38 billion yuan [1] Stocks Breaking Annual Line - A total of 97 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Mingyang Electric: 8.12% deviation, closing price at 43.45 yuan, with a daily increase of 14.49% and turnover rate of 11.79% [1] - Baike Biological: 6.78% deviation, closing price at 25.40 yuan, with a daily increase of 8.09% and turnover rate of 2.70% [1] - ST Lianchuang: 5.16% deviation, closing price at 5.49 yuan, with a daily increase of 5.78% and turnover rate of 3.46% [1] Additional Stocks with Minor Deviations - Other stocks that have just crossed the annual line with smaller deviation rates include: - Times Electric: 3.99% deviation, closing price at 4.01 yuan, with a daily increase of 4.16% and turnover rate of 1.11% [1] - Xinda Real Estate: 3.99% deviation, closing price at 39.82 yuan, with a daily increase of 8.35% and turnover rate of 5.62% [1] - China National Materials: 3.76% deviation, closing price at 9.01 yuan, with a daily increase of 4.16% and turnover rate of 3.74% [1]