华源证券给予国能日新买入评级，功率预测客户数量持续增长电力交易有望迎来机遇

Group 1 - The core viewpoint of the report is that Guoneng Rixin (301162.SZ) is rated as a "buy" by Huayuan Securities due to its revenue growth despite a decline in gross margin [1] - The company reported its mid-year results for 2025, showing continued revenue growth but a decrease in gross margin, primarily related to product delivery structure [1] - The number of new customers acquired by the company continues to increase, indicating positive market reception [1] Group 2 - Revenue from new energy grid control products has slightly declined due to industry factors, reflecting challenges in the sector [1] - The entry of new energy products into the market is imminent, and innovative products are expected to seize opportunities [1] - Potential risks include slower-than-expected growth in wind and solar installations, intensified industry competition, and delays in power system reforms [1]