财新观察｜更多运用市场力量 加快科技创新 成果转化 2025年5月25日，上海，位于南京东路步行街上的华为全球旗舰店。图：IC photo 近日，国务院以"深化科技成果转化机制改革，推动科技创新和产业创新融合发展"为 主题，进行第十四次专题学习。李强总理在主持学习时强调，科技成果转化需要良好环境作 支撑，要坚持有效市场和有为政府相结合，完善支持政策和市场服务，形成高效协同、富有 活力的成果转化体系。他指出，要加大资金支持，进一步拓宽思路，更多运用市场力量，吸 引社会资本加大投入，鼓励金融机构创新金融产品和服务方式，发展多层次资本市场，提供 多元化融资渠道。科技创新成果转化离不开市场力量，离不开一个健康发展、充满生机活力 的资本市场。 科技成果转化并非新课题。早在1996年，全国人大常委会就通过了《促进科技成果转 化法》。对于如何促进科技成果转化，各级政府、各高校和广大企业一直在探索。目前，中 国的学术论文发表数量和国际专利申请数量，均位居世界第一。截至2023年底，全国科研 院校的有效发明专利数达到102.3万件。科技部科技评估中心2024年9月发布的报告显示， 高校院所以转让、许可、作价投资和技术开发、咨询 ...

Investment Rating - The report assigns an AHP score of 1.82 for Xintong Electronics, placing it in the 24.5% percentile of the non-Science and Technology Innovation Board AHP model, indicating a mid-to-lower tier position [7][8]. Core Insights - Xintong Electronics is recognized as a leading player in the niche of intelligent operation and maintenance for power communication, leveraging technological advantages and vast data to enhance product capabilities [9][10]. - The company is expected to benefit from increased demand driven by downstream industry upgrades, with projected annual production value growth of 46 million yuan from its fundraising projects [13][14]. - Compared to peer companies, Xintong Electronics has shown stable revenue and profit growth, with its gross margin positioned at a mid-level among comparable firms, while its R&D investment remains relatively low [16][20]. Summary by Sections AHP Score and Expected Allocation Ratio - Xintong Electronics is set to be listed on the main board, with an AHP score of 1.82, indicating a mid-to-lower tier position in the market [7][8]. Company Highlights and Features - Xintong Electronics specializes in industrial IoT intelligent terminals and system solutions for the power and communication sectors, with key products including intelligent inspection systems for transmission lines and substations [9][10]. - The company has established long-term partnerships with major clients such as State Grid and China Mobile, achieving a market share of approximately 27% to 31% in the intelligent inspection field and 40% to 50% in the communication operation and maintenance terminal sector [9][10]. Financial Comparison with Peers - From 2022 to 2024, Xintong Electronics reported revenues of 782 million yuan, 931 million yuan, and 1.005 billion yuan, respectively, with net profits of 117 million yuan, 124 million yuan, and 143 million yuan, showing stable growth [16][20]. - The company's gross margins were 37.21%, 32.99%, and 33.03% during the same period, indicating a mid-level position among peers, with a noted decline in 2023 primarily due to a decrease in the revenue share from mobile intelligent terminals [20][21]. Fundraising Projects and Development Vision - The company plans to raise funds for projects including the development of a three-dimensional inspection and big data analysis platform, which is expected to generate an additional annual output value of 46 million yuan upon reaching full production [25][26]. - The fundraising will also support the establishment of maintenance bases and service networks across the country, enhancing operational capabilities [25][26].

当前，我国多地已出现持续性高温天气。夏季高温天气将带动用电负荷快速增长，电网逐步进入迎峰度夏关键期。预计今夏国家电网 经营区用电最大负荷将首次突破12亿千瓦，较去年进一步攀升。 国家电网公司深入践行以人民为中心的发展思想，全力保安全、保供应、保民生，从健全完善工作机制、强化电网安全管控、做好电 源稳发增供、强化电网资源配置、做好供电优质服务、提升应急处置能力等六个方面制定电力保供24项重点措施，全力以赴确保电网安全 运行和电力可靠供应，保障经济社会高质量发展。 强筋壮骨 建好度夏重点工程 国家电网压紧压实保供责任，加快推进度夏重点工程建设，做好电源稳发增供，持续提升电网供电能力。今年迎峰度夏前，国家电网 将按期投产140项度夏重点工程，切实发挥保供作用。 智慧调度 优化电网资源配置 国家电网公司强化全网资源统筹，科学安排电网运行方式，积极探索人工智能应用，充分发挥市场机制作用，打好负荷管理"组合 拳"，全力确保电网运行安全可靠。 国网河北电力员工对10千伏冯方线开展带电作业，保障度夏期间电网安全稳定运行 P t a large t i e 在经济大省江苏，用电量需求持续增长。今年1-5月，江苏全社会用电量33 ...

（转自《经济日报》） 本次演练由国家能源局主办，广东省人民政府、四川省人民政府、南方电网、国家电网承办，国家 发展改革委、交通运输部、应急管理部相关司局，华北、华东、华中、南方、川渝藏5个国家级电 力应急基地及应急管理部自然灾害工程救援基地、云南电网公司地震应急基地等单位共同参与，参 演人员达500余人，投入各类应急装备百余套。这是近年来国家能源局组织的规模最大、科目最全 面的电力应急救援综合演练。 近年来，我国自然灾害呈现"突破常规、超越认知、远超设防"的新特点。为提高电力行业防灾减灾 救灾和重大突发事件处置保障能力，加强国家级电力应急力量建设，6月12日，国家能源局在广东 和四川两地举办"光明守护-2025"电力应急救援综合演练，演练取得圆满成功。 此次全国性电力应急救援综合演练，立足自然灾害背景、按照实际程序、依托实装实演组织实施， 达到了"以演促建、以演促训、以演促备"目的，提升了应对复杂灾害的综合电力应急救援处置水 平，为构建"大安全大应急"框架提供了电力领域的有益借鉴。（王轶辰） 演练以极端自然灾害条件下多场景应急救援为背景，针对性设置台风洪涝与地震灾害两大场景，全 面展示和检验了国家级电力应急力 ...

Core Viewpoint - The company, Haocreat Ruitong, is addressing market concerns regarding customer concentration, R&D expenses, period expenses, and product quality in response to the latest IPO inquiry. Group 1: Customer Concentration - Haocreat Ruitong's main clients are State Grid and Southern Power Grid, with revenue from these clients accounting for nearly 90% during the reporting period, indicating high customer concentration [1] - The company acknowledges the potential impact of procurement fluctuations from these major clients but believes that demand for its products will continue to grow, maintaining a stable customer base [1] - The company plans to actively explore new customer resources and strengthen its efforts in sectors beyond the power grid [1] Group 2: Product Quality - The company has experienced occasional product quality issues due to supplier defects and operational errors, but has implemented corrective measures such as product exchanges and internal training [2] - Following the resolution of quality issues, the company has maintained good relationships with clients and has resumed normal order fulfillment [2] - The company notes that being penalized for quality issues is common in the industry and does not significantly impact its overall operations [2] Group 3: Financial Metrics - Haocreat Ruitong's sales, management, and R&D expense ratios are lower than the industry average, attributed to higher revenue growth and differences in organizational structure and market focus [2] - The company anticipates that its expenses will grow in line with its expanding operations and market development efforts post-IPO [2] Group 4: Regulatory Compliance - The company faced penalties due to a subsidiary's unauthorized land use for construction, but the violation was deemed minor and did not result in significant harm to investors or public interests [3] - The subsidiary has paid fines and completed required rectifications, indicating compliance with regulatory standards [3] Group 5: Future Outlook - In the context of carbon neutrality goals, the company aims to leverage national strategies in smart grids and new power systems, positioning itself as a leader in the smart distribution equipment sector [4] - The company plans to enhance its R&D, production capabilities, and sales channels while fostering innovation to improve its competitive edge and market position [4] - The goal is to become a leading enterprise in China's smart distribution field, focusing on green development and technological advancements [4]

不过，由于关系到交通、能源领域内多个部门、多类环节，电网公司、充电企业、汽车用户等主体可能 存在差异化诉求。因此，要深入推动车网互动成为新型能源体系的关键支撑，让各方主体的核心诉求相 对均衡，这一规模化应用在基础设施更新与管理机制优化等方面还存在一些技术上的堵点、政策上的难 点，理应多措并举、协同推进。 一方面，提升技术成熟度。采用AI+边缘计算的技术融合方式，以车辆出行数据为基础，在后台系统建 立智能大脑，优化算力配置、强化算法供给，提升电网调度精准性。将边缘计算和分布式能源管理相结 合，实现车、桩、网的动态协同。 另一方面，优化协调机制。明确各方责任边界，形成职责清晰的联合体。制定车网互动技术标准体系时 需有全链条开发思维，确保应用通信协议、功率调节、信息安全防护等标准的规范性、前瞻性与兼容 性。借鉴山东等地先行先试的虚拟电厂聚合模式，众多车主参与充电运营商的整体性聚合，获得按照市 场规则结算的电费分成。深化"产学研"，鼓励高校开设车联网、智能电网等交叉学科课程，并与企业成 立产业联盟、实训基地或联合实验室，共同培养复合型技术人才。运营商要对充放电价格予以明示，将 电网需求响应时段清晰呈现，在充分尊重用户 ...

毕业即就业、入门即入职 产研教一体培养研究生 毕业生人数相比高校并不算多，但这场毕业典礼的见证者不少。12日的毕业典礼上，现场的毕业生代表们领到了山东产业技术研究院"毕 业证"——山东产业技术研究院产教融合培养证书。为他们颁证的有山东产业技术研究院党委副书记陈西武，联培高校代表山东科技大学 党委常委、副校长薛庆忠，联培企业代表山东和同信息科技股份有限公司总经理耿哲，联培导师代表国家健康医疗大数据研究院副院长 杨帆、齐鲁中科电工先进电磁驱动技术研究院研究员孙现众等，在台下见证的还有青岛科技大学、山东师范大学、济南大学、齐鲁工业 大学（山东省科学院）等研究生联培高校的相关负责人。 强大颁证阵容的背后是山东产业技术研究院作为山东省政府成立的新型研发机构，以"产研教三位一体"模式创新培养山东产业技术人 才。自2020年开展第一届产教融合研究生联合培养项目以来，山东产业技术研究院已累计招收700余名联培研究生，并顺利毕业3届研究 生共359人。 这一模式下，山东产业技术研究院搭起桥梁与平台，联培高校敞开学术殿堂的大门分享宝贵的教育资源，联培院所、企业敞开产业实践 的大门提供真实研发场景、宝贵实践平台和经验丰富的产业导师 ...

此次全国性电力应急救援综合演练， 立足自然灾害背景、按照实际程序、依托实装实演组织实施， 达到了 " 以演促建、以演促训、以演促备 " 目 的，提升了应对复杂灾害的综合电力应急救援处置水平，为构建 " 大安全大应急 " 框架提供了电力领域的有益借鉴。 近年来，我国自然灾害呈现 " 突破常规、超越认知、远超设防 " 的新特点。为提高电力行业防灾减灾救灾和重大突发事件处置保障能力，加强国家 级电力应急力量建设 ， 2025 年 6 月 12 日， 国家能源局 在广东和四川两地举办 " 光明守护 -2025" 电力应急救援综合演练，演练取得圆满成 功。 国家发展改革委、 交通运输部、应急管理部， 广东省人民政府及相关部门，国家电网、南方电网、中国安能集团 有关同志现场观摩了演练。国家 能源局各派出机构、省级电力管理部门，以及各级电力应急管理人员、应急救援队伍及相关单位线上观摩了演练。 本次演练由国家能源局主办，广东省人民政府、四川省人民政府、南方电网、国家电网承办，国家发展改革委、交通运输部、应急管理部相关司 局，华北、华东、华中、南方、川渝藏 5 个国家级电力应急基地及应急管理部自然灾害工程救援基地、云南电网公司 ...

Core Insights - The State Grid DC Technology Center has developed a high-performance impregnated paper insulation technology for ultra-high voltage converter transformer bushings, achieving international leadership and recognized as a world-first innovation [1][2] Group 1: Technology Development - The new technology replaces traditional oil-immersed paper insulation with impregnated paper, eliminating safety hazards such as abnormal gas generation and reducing the risk of porcelain bushing explosions [1][2] - The project team overcame key technical challenges related to large-size core materials, design, and processes, establishing a complete independent intellectual property technology system [2] Group 2: Performance and Application - The new impregnated paper bushings have surpassed existing insulation levels, partial discharge levels, and current-carrying capacity, with strict testing criteria [2] - As of now, 258 units of 550kV and 800kV bushings have been successfully applied in engineering, with 154 units in operation showing zero defects [2] Group 3: Industry Impact - This breakthrough addresses technical bottlenecks in DC safety operation, providing strong support for the construction of ultra-high voltage projects during the 14th Five-Year Plan [2] - The development is significant for promoting energy technology revolution and aiding in achieving carbon neutrality goals [2]

记者今天(11日)从国家电网获悉，作为我国"十四五"规划的九大清洁能源基地之一，冀北清洁能源基地 新能源总装机突破8000万千瓦，占全部装机比重超过75%，占比居全国首位。(央视新闻) ...