Core Viewpoint - Linyang Energy has secured a significant order from Southern Power Grid for the first batch of metering equipment for 2025, with an estimated total bid amount of approximately 244 million yuan, contributing to a total of 866 million yuan in orders since the beginning of 2025 [1][2][3] Group 1: Order and Revenue Growth - The recent order marks Linyang Energy's fourth large order since the beginning of 2025, with previous orders totaling approximately 622 million yuan [3] - The company has reported a substantial increase in overseas revenue, achieving 693 million yuan in the first half of 2025, a year-on-year growth of 61.73%, accounting for over 27% of total revenue [1][3] Group 2: Business Segments and Performance - Linyang Energy operates in three main business segments: smart power distribution, renewable energy generation, and energy storage, and is recognized as one of the largest smart meter exporters in China, with products distributed in over 50 countries [1][4] - Despite a decline in overall revenue in the first half of 2025, the company has maintained a strong performance in its overseas business, with a reported revenue of 1.126 billion yuan in 2024, reflecting a year-on-year increase of 34.22% [4][5] Group 3: Research and Development Investment - The company has invested over 1 billion yuan in research and development over the past five and a half years, with a total of 10.14 billion yuan spent from 2020 to mid-2025 [6] - Linyang Energy has been actively increasing its patent portfolio, with 31 new patents granted in the first half of 2025, including 10 invention patents, bringing the total to 352 authorized patents [6]
林洋能源发力拓市场年内揽单8.66亿 加速全球化布局境外营收增速超六成