日丰股份受益电网投资政策，新能源业务拓展与业绩波动并存

Industry Policy and Environment - The State Grid Corporation announced a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan period (2026-2030), representing a 40% increase compared to the previous plan, aimed at promoting the construction of a new power system. This policy is expected to benefit companies in the power grid equipment industry, including RIFENG Co., Ltd. [2] Business Progress - RIFENG Co., Ltd. continues to expand in the renewable energy sector, including products such as renewable energy cables and charging guns. The company's fundraising project, "New Energy and Special Equipment Cable Component Project," is expected to be completed by 2025, with capacity release likely to support order growth. Additionally, the company's overseas business has shown strong performance, with foreign revenue reaching 404 million yuan in the first half of 2025, a year-on-year increase of 37.71%, focusing on ASEAN, EU, and Belt and Road markets. [3] Stock Performance - On February 9, 2026, RIFENG Co., Ltd.'s stock price increased by 2.07%, closing at 12.85 yuan per share, with a trading volume of 52.4019 million yuan and a net inflow of 152,600 yuan from main funds. Year-to-date, the stock price has risen by 11.93%, although it has decreased by 1.15% over the past 60 days, indicating short-term volatility. [4] Financial Performance - According to the Q3 2025 report, RIFENG Co., Ltd. reported an operating income of 3.518 billion yuan, a year-on-year increase of 14.92%, and a net profit attributable to shareholders of 139 million yuan, up 10.40% year-on-year. However, the net profit for the third quarter decreased by 29.45% year-on-year, indicating a need to monitor future performance improvements. [5]