望变电气拟5.4亿布局智能超充 加速拓市场总资产近68亿

Core Viewpoint - Wangbian Electric (603191.SH) has attracted industry attention with a strong semi-annual report and a significant investment plan to build a megawatt-level intelligent supercharging network, with a total investment not exceeding 541.5 million yuan [1][2] Financial Performance - In the first half of 2025, the company achieved revenue of 1.836 billion yuan, a year-on-year increase of 28.81% [2][3] - Net profit reached 54.63 million yuan, up 57.02% year-on-year, while the net profit excluding non-recurring items surged by 197.39% to 49.22 million yuan [2][3] Investment Plan - The investment plan for the intelligent supercharging network is expected to cost up to 541.5 million yuan, funded through the company's own funds and project loans [2] - The project aims to establish nearly 100 supercharging stations in regions such as Yunnan and Chongqing to meet local market demand [2] Industry Position and Growth - The company has successfully integrated its supply chain, particularly through the acquisition of Yunnan Transformer Electric Co., which has positioned it among the top suppliers of 220kV power equipment and enabled it to produce 500kV transformers [1][4] - The integration has led to a significant increase in product line diversity and rapid growth in the power distribution and control equipment business, driving overall performance [1][5] Asset Growth - As of June 30, 2025, the company's total assets reached 6.764 billion yuan, reflecting a year-on-year growth of 5.54% [1][5]