证券代码：301162 证券简称：国能日新 公告编号：2026-005 国能日新科技股份有限公司 关于使用自有资金、银行承兑汇票等方式支付募投项目部分 由于公司向特定对象发行股票募集资金扣除发行费用后的实际募集资金净 额少于《2024 年度向特定对象发行 A 股股票募集说明书》中披露的拟投入募集 资金金额，公司按照募投项目的实际情况，对募投项目募集资金投资额进行了调 整。公司于 2025 年 7 月 16 日召开第三届董事会第十五次会议和第三届监事会第 十五次会议，分别审议通过了《关于调整募集资金投资项目拟投入募集资金金额 的 议 案 》 。 具 体 内 容 详 见 公 司 于 2025 年 7 月 17 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于调整募集资金投资项目拟投入募集资金金额 的公告》（公告编号：2025-077）。调整后的各募投项目使用募集资金投资金额 分配如下： 单位：万元 | 序号 | 募集资金投资项目 | 投资总额 | 调整前募集资 金拟投资金额 | 调整后募集资 金拟投资金额 | | --- | --- | --- | --- | --- | | 1 | ...

证券代码：301162 证券简称：国能日新 公告编号：2026-004 国能日新科技股份有限公司 关于对外投资的公告 本公司及董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、交易概述 基于公司未来战略发展布局，进一步发挥国能日新科技股份有限公司（以下 简称"公司"或"国能日新"）在新能源信息化服务、资产综合运营等方面的技 术及综合服务优势，公司拟通过受让老股及现金增资的方式增加对参股公司萨纳 斯智维（青岛）电力有限公司（以下简称"萨纳斯智维"、"投资标的"）的投 资，本次投资金额共计 1,762.50 万元，资金来源均为公司自有资金。本次交易完 成后，公司持有萨纳斯智维的股权将由 20%增加至 31%。此外，根据《投资协 议》约定，萨纳斯智维创始人耿文强将其持有萨纳斯智维股权对应的表决权委托 公司代为行使。同时，公司与耿文强签署《一致行动协议》，以实现公司对萨纳 斯智维的控制。本次对外投资事项完成后，萨纳斯智维将成为公司控股子公司， 纳入公司合并报表范围。 公司于 2026 年 2 月 2 日召开第三届董事会第二十二次会议，审议通过了《关 于对外投资的议案》。根据 ...

证券代码：301162 证券简称：国能日新 公告编号：2026-003 国能日新科技股份有限公司 第三届董事会第二十二次会议决议公告 本公司及董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、董事会会议召开情况 国能日新科技股份有限公司（以下简称"公司"）第三届董事会第二十二次 会议通知于 2026 年 1 月 29 日以书面方式送达全体董事。本次会议于 2026 年 2 月 2 日在公司会议室召开。本次会议应出席董事 8 人，实际出席董事 8 人。本次 会议由董事长雍正先生召集并主持，公司高级管理人员列席本次会议。本次董事 会会议的召集、召开和表决程序符合《公司法》、《公司章程》的有关规定，会 议合法有效。 二、董事会会议审议情况 1、审议通过《关于对外投资的议案》 基于未来战略发展布局，进一步发挥公司在新能源信息化服务、资产综合运 营等方面的技术及综合服务优势，公司拟通过受让老股及现金增资的方式增加对 参股公司萨纳斯智维（青岛）电力有限公司（以下简称"萨纳斯智维"）的投资， 本次投资金额共计 1,762.50 万元，资金来源均为公司自有资金。本次交易完成后， 公 ...

Investment Rating - The industry investment rating is "Overweight" [4][7] Core Insights - The report highlights the establishment of an independent capacity pricing mechanism for energy storage and a reliable capacity compensation mechanism, which further improves the market-oriented pricing system [6] - The notification from the National Development and Reform Commission and the National Energy Administration clarifies the capacity pricing mechanism for independent energy storage, providing clearer operational income guarantees and revenue expectations for independent storage [6] - The report emphasizes the importance of the reliable capacity concept and its corresponding compensation mechanism, which compensates units that can provide stable power during peak demand periods, marking a significant improvement in the capacity pricing system [6] Summary by Sections Industry Overview - The industry comprises 358 listed companies with a total market value of 51,526.63 billion and a circulating market value of 45,711.37 billion [2] Key Company Status - The report recommends specific companies such as Guoneng Rixin and suggests continuous attention to companies like Langxin Technology and Dongfang Electronics [6] Financial Projections - Guoneng Rixin is projected to have an EPS of 0.85 in 2023, increasing to 1.38 by 2027, with a PE ratio decreasing from 77.38 in 2023 to 36.49 in 2027 [4] - Dongfang Electronics is expected to have an EPS of 0.40 in 2023, rising to 0.76 by 2026, with a PE ratio decreasing from 32.60 in 2023 to 15.02 in 2027 [4]

2026 年 02 月 01 日 行业研究●证券研究报告 电力设备及新能源 行业快报 容量电价机制升级，新型储能迎发展良机 事件点评 投资评级 领先大市(维持) 首选股票 评级 一年行业表现 | 资料来源：聚源 | | | | | --- | --- | --- | --- | | 升幅% | 1M | 3M | 12M | | 相对收益 | 1.68 | -0.55 | 25.5 | | 绝对收益 | 3.33 | 0.86 | 48.8 | 分析师 贺朝晖 SAC 执业证书编号：S0910525030003 hezhaohui@huajinsc.cn 分析师 周涛 SAC 执业证书编号：S0910523050001 zhoutao@huajinsc.cn 相关报告 电力设备及新能源：AIDC 供电三重挑战下， SST 率军突围-华金证券-电新-行业深度报告 2026.1.19 电力设备及新能源：商业航天崛起，关注轻量 化高效太空光伏技术-华金证券-电新-行业快报 2026.1.7 涪陵电力：电网运营+配电网节能业务双轮驱动 -华金证券-电新-涪陵电力-公司快报 2026.1.3 隆华科技：25Q3 业绩稳 ...

[Table_Page] 跟踪分析|电力设备 证券研究报告 [Table_Title] 电改系列 | 电改系列:容量电价星火燎原， | 2025-09-14 | | --- | --- | | 新型储能加快发展 | | | 电改系列:新能源全电量入市， | 2025-02-10 | | 电力市场化迎来重要变革 | | 识别风险，发现价值 请务必阅读末页的免责声明 1 / 4 全国性容量电价机制出台，调节性电源迎发展东风 [Table_Summary] 核心观点： | [Table_Grade] 行业评级 | 买入 | | --- | --- | | 前次评级 | 买入 | | 报告日期 | 2026-01-31 | [Table_PicQuote] 相对市场表现 [分析师： Table_Author]陈昕 SAC 执证号：S0260522080008 SFC CE No. BWV823 010-59136699 gfchenxin@gf.com.cn 分析师： 陈子坤 SAC 执证号：S0260513080001 010-59136690 chenzikun@gf.com.cn 请注意，陈子坤并非香港证券及期 ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company, targeting a price of 25.59 CNY [5][10]. Core Insights - The company is implementing an AI-driven strategy, leveraging a comprehensive technology layout of "cloud-network-edge-terminal-core" and a domestic solution of "computing power + platform + algorithm + application" to lead the digital transformation in the power sector [2]. - The company is positioned as a key player in the digital grid construction, with expected revenues of 6.619 billion CNY, 7.556 billion CNY, and 8.857 billion CNY for 2025, 2026, and 2027 respectively, alongside EPS of 0.19 CNY, 0.22 CNY, and 0.27 CNY for the same years [10][19]. - The company aims to enhance its core competitiveness in the vertical field of electricity through the integration of AI and digital solutions, focusing on digital grid, enterprise digitalization, and digital infrastructure [10][12]. Financial Summary - Total revenue is projected to decline by 25.5% in 2023, followed by a significant recovery with growth rates of 43.8% in 2024, 8.7% in 2025, 14.2% in 2026, and 17.2% in 2027 [4]. - Net profit attributable to the parent company is expected to decrease by 42.2% in 2023, then increase by 51.1% in 2024, followed by growth rates of 4.0%, 19.3%, and 20.8% in the subsequent years [4]. - The company’s net asset return rate is forecasted to improve from 5.1% in 2023 to 6.7% in 2027 [4]. Revenue Breakdown - The digital grid segment is expected to generate revenues of 2.389 billion CNY in 2024, with a growth rate of 42%, and is projected to reach 3.883 billion CNY by 2027 [15]. - The enterprise digitalization segment is anticipated to see revenues of 2.035 billion CNY in 2024, growing at a rate of 7% [13]. - The digital infrastructure segment is forecasted to achieve revenues of 1.540 billion CNY in 2024, with a growth rate of 114% [14]. Valuation Analysis - The report employs both PE and PS valuation methods, concluding a reasonable valuation of 813.61 billion CNY based on a PE of 115 for 2026 [19][25]. - The company is compared with peers, with an average PE of 99 for similar companies in 2026, indicating a premium valuation due to its unique capabilities in the digital power sector [19][20]. - The PS valuation method suggests a reasonable valuation of 816.06 billion CNY, based on a PS of 10.80 for 2026 [23].

hyzqdatemark 2026 年 01 月 30 日 证券研究报告 电力设备 行业点评报告 证券分析师 查浩 SAC：S1350524060004 zhahao@huayuanstock.com 刘晓宁 SAC：S1350523120003 liuxiaoning@huayuanstock.com 戴映炘 SAC：S1350524080002 daiyingxin@huayuanstock.com 豆鹏超 doupengchao@huayuanstock.com 板块表现： 电网投资持续位居高位 储能装机高景气 投资评级： 看好（维持） ——电力设备 2025 年业绩前瞻 投资要点： 风险提示：产品毛利率水平低于预期；项目跨期交付风险；竞争格局恶化风险 资料来源：Wind，华源证券研究所。注：除已出业绩预告的公司（华明装备）外，其余公司 2025 年归母净利润预测均来自华源证券研究所 请务必仔细阅读正文之后的评级说明和重要声明 第 2页/ 共 3页 请务必仔细阅读正文之后的评级说明和重要声明 电网设备："十五五"国网投资有望再上台阶。按照 Wind 口径，2025 年前 11 个 月电网投资完成额 56 ...

Investment Rating - The report assigns a rating of "Buy" for the company [5] Core Views - The company is implementing an AI-driven strategy, leveraging a comprehensive technology layout of "cloud-network-edge-terminal-core" and a domestic solution of "computing power + platform + algorithm + application" to lead the digital transformation in the power sector [2] - The company is positioned as a key player in the digital grid construction, with expected revenues of 6.619 billion, 7.556 billion, and 8.857 billion yuan for 2025, 2026, and 2027 respectively, and EPS of 0.19, 0.22, and 0.27 yuan for the same years [10][12] - The company aims to enhance its core competitiveness in the vertical field of electricity through the integration of AI and business, focusing on digital grid, enterprise digitalization, and digital infrastructure [10] Financial Summary - Total revenue is projected to decline by 25.5% in 2023, followed by a significant increase of 43.8% in 2024, and steady growth in subsequent years [4] - Net profit attributable to the parent company is expected to decrease by 42.2% in 2023, then increase by 51.1% in 2024, with further growth in the following years [4] - The company’s net asset return rate is forecasted to improve from 5.1% in 2023 to 6.7% in 2027 [4] Revenue Breakdown - The digital grid segment is expected to see revenue growth of 42% in 2024, with a projected revenue of 2.389 billion yuan, and further growth in subsequent years [15] - The enterprise digitalization segment is anticipated to grow at a rate of 7% in 2024, with revenue reaching 2.035 billion yuan [13] - The digital infrastructure segment is projected to grow by 9% in 2024, with revenue of 1.540 billion yuan [14] Valuation Analysis - The report utilizes both PE and PS valuation methods, estimating a reasonable valuation of 81.361 billion yuan, corresponding to a target price of 25.59 yuan based on a PE of 115 for 2026 [19][25] - The average PS for comparable companies is estimated at 9.53, with the company being assigned a PS of 10.80 for 2026, leading to a valuation of 81.606 billion yuan [23][24]

内容概况：当前，中国电力系统仿真行业正处于技术突破与应用扩展的关键期，其发展由"双碳"目标下 构建新型电力系统的紧迫需求直接驱动，并呈现出技术自主、应用深化、生态协同的鲜明特征。2024 年，中国电力系统仿真行业市场规模约为3.01亿元，同比增长10.26%。 相关上市企业：国电南瑞（600406）、国网信通（600131）、国能日新（301162）、东方电子 （000682） 电力系统仿真通过数学模型与计算机技术模拟电力系统的运行状态、动态行为及规划设计过程。其核心 目标包括验证理论模型、测试控制策略、评估故障影响、优化系统设计及支撑运行培训等。该技术通过 虚拟环境替代实际系统，实现安全、高效的分析验证，广泛应用于电网规划、运行优化、新能源并网、 故障诊断及人员培训等领域。按时间尺度分类，电力系统仿真主要分为电磁暂态仿真、机电暂态仿真、 中长期动态仿真三大类。 相关企业：中芯国际集成电路制造有限公司、超聚变数字技术股份有限公司、浪潮电子信息产业股份有 限公司、北京华大九天科技股份有限公司、浙江中控技术股份有限公司、武汉达梦数据库股份有限公 司、国家电网有限公司、中国华能集团有限公司、寒武纪科技股份有限公司 ...