据证券之星公开数据整理，近期煜邦电力（688597）发布2025年中报。截至本报告期末，公司营业总收 入3.54亿元，同比上升0.35%，归母净利润2405.43万元，同比下降37.91%。按单季度数据看，第二季度 营业总收入2.17亿元，同比下降15.77%，第二季度归母净利润1867.58万元，同比下降59.96%。本报告 期煜邦电力公司应收账款体量较大，当期应收账款占最新年报归母净利润比达303.79%。 本次财报公布的各项数据指标表现一般。其中，毛利率32.14%，同比减17.8%，净利率6.11%，同比减 42.92%，销售费用、管理费用、财务费用总计6423.22万元，三费占营收比18.16%，同比增0.05%，每股 净资产2.39元，同比减26.09%，每股经营性现金流-0.07元，同比减41.01%，每股收益0.11元，同比减 35.29% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 3.53亿 | 3.54亿 | 0.35% | | 归母净利润(元) | 3874.18万 | 2405.43 ...

据证券之星公开数据整理，近期智光电气(002169)发布2025年中报。截至本报告期末，公司营业总收入 16.43亿元，同比上升31.71%，归母净利润-5515.06万元，同比上升38.88%。按单季度数据看，第二季度 营业总收入9.86亿元，同比上升36.8%，第二季度归母净利润-1811.49万元，同比上升36.87%。本报告期 智光电气短期债务压力上升，流动比率达0.95。 本次财报公布的各项数据指标表现尚佳。其中，毛利率16.58%，同比增8.22%，净利率-1.17%，同比增 83.7%，销售费用、管理费用、财务费用总计2.22亿元，三费占营收比13.51%，同比减13.8%，每股净资 产3.37元，同比减8.99%，每股经营性现金流0.24元，同比增312.11%，每股收益-0.07元，同比增38.99% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 12.48亿 | 16.43亿 | 31.71% | | 归母净利润（元） | -9023.02万 | -5515.06万 | 38.88% | | ...

证券代码：002028.SZ 证券简称：思源电气 思源电气股份有限公司投资者关系活动记录表 编号：2025-005 | 投资者关系活 | ■特定对象调研 □媒体采访 | □分析师会议 | | --- | --- | --- | | 动类别 | □业绩说明会 □路演活动 | □新闻发布会 | | | □现场参观 □其他（请文字说明其他活动内容） | | | 参与单位名称 | 阿尔派投资管理有限公司、安联集团、东亚联丰投资管理、中银保诚资产管 | | | | 理、贝莱德、国泰证券、哥伦比亚基金管理、瀚亚投资、方瀛研究、富兰克 | | | | 林邓普顿、言教资金管理公司、新加坡投资、高盛资库管理、恒生投资、景 | | | 及人员姓名 | 顺亚洲、基石投资、凯斯博投资管理、宏利投资、橡树资本管理、施罗德投 | | | | 资管理、安本资产、中金证券、源峰基金、华福电新、汇丰前海、国泰海通 | | | | 电新等 | | | 时间 | 2025 年 8 月 19 日 15:30-16:30 | | | | 2025 年 8 月 20 日 15:30-16:30 | | | 地点 | 腾讯会议/公司会议室 | | | 上 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [4] Core Views - The company's energy storage business has returned to a positive trajectory, with clear operational turning points [1] - The energy storage segment achieved revenue of 1.282 billion yuan, a year-on-year increase of 177.15%, with a gross margin of 32.95% [2] - The company is actively expanding its domestic and international markets, with traditional smart grid business showing steady progress [3] Financial Summary - Revenue projections for 2025-2027 are 5.475 billion yuan, 6.992 billion yuan, and 8.495 billion yuan, respectively, with year-on-year growth rates of 23.6%, 27.7%, and 21.5% [3] - The net profit attributable to the parent company is expected to be 51 million yuan, 150 million yuan, and 351 million yuan for 2025-2027, reflecting year-on-year growth of 110.9%, 196.3%, and 134% [3] - The latest diluted EPS is projected to be 0.03 yuan, 0.09 yuan, and 0.21 yuan for 2025-2027 [3] Market and Business Development - The company has secured significant contracts in the energy storage sector, including projects with China General Nuclear Power Group and international expansions into markets like Greece, Czech Republic, and Poland [2] - The company is also planning to establish a storage production base in Indonesia, with an initial capacity of 3 GWh expected to be operational by 2026 [2] - The smart grid segment reported a revenue of 1.254 billion yuan, a year-on-year decrease of 9.17%, but the company is focusing on overseas business development to stabilize performance [3]

亿纬锂能 20250815 摘要 易文里能形成储能、消费电池和动力电池三驾马车齐驱的业务格局，动 力和储能业务营收占比均为 40%，消费电池占比 20%。公司董事长夫 妇持股比例约为 40%，为实际控制人，核心团队具备超过 20 年的锂电 行业经验。 储能市场国内外均高速增长，国内 EPC 项目中标维持增长，美国大规模 项目同比增长 45%，备案容量同比增长 42%。欧洲户用储能需求恢复， 工商业储能增速更高。中东地区规划大规模储能项目，规模已达 14GW。 易文里能储能业务全球新增装机占比有望维持 50%以上增长，2024 年 出货量达 50.45GW，同比增长一倍，市占率提升至全球第四。公司全 球储能市占率达 21.6%，与国家电网等企业深度合作。 公司积极进行海外布局，在马来西亚建立生产基地，预计 2026 年初量 产，以支持全球交付。通过大容量单元设计降低系统成本和集成难度， 减少下游运维成本 30%左右，提高能源密度与安全性。 Q&A 易文里能在 2025 年的核心变化是什么？ 2025 年，易文里能的核心变化主要体现在以下四个方面：首先，在储能业务 方面，整体产能处于紧张状态，但出货量保持高速增长 ...

德宏股份2025年中报财务分析 经营概况 德宏股份发布的2025年中报显示，公司营业总收入为4.14亿元，同比增长29.05%。然而，归母净利润为 994.46万元，同比下降36.31%。扣除非经常性损益后的净利润为677.62万元，同比大幅上升229.89%。 这表明公司在主营业务上的盈利能力有所增强，但非经常性损益对净利润的影响较大。 单季度表现 从单季度数据来看，第二季度营业总收入为2.26亿元，同比增长47.98%；归母净利润为522.62万元，同 比下降38.44%；扣非净利润为387.91万元，同比上升191.38%。尽管单季度营收增长显著，但净利润仍 受到一定压力。 关键财务指标 应收账款与现金流 报告期末，德宏股份的应收账款为2.83亿元，占最新年报归母净利润的比例高达613.92%，显示出较大 的应收账款体量。同时，经营活动产生的现金流量净额为负，每股经营性现金流为-0.24元，同比下降 223.78%，表明公司在现金流管理方面存在一定的挑战。 近期德宏股份（603701）发布2025年中报，证券之星财报模型分析如下： 资产与负债 行业背景与业务发展 德宏股份主要从事车用交流发电机和电子真空 ...

Group 1 - The company signed a sales contract worth 204 million yuan for a 200MW/400MWh energy storage system with Guangdong Pengxin Energy Technology Co., Ltd [1] - The contract is expected to positively impact the company's financial status and operating performance for the current and future years [1] - The company anticipates a net loss of 45 million to 60 million yuan for the first half of the year, representing a reduction in losses of 33.50% to 50.13% compared to the same period last year [1] Group 2 - In 2024, the company reported a revenue of 2.596 billion yuan, a decrease of 5.05% year-on-year, and a net loss of 326 million yuan, a decrease of 108.05% year-on-year [2] - The energy storage business generated a revenue of 1.063 billion yuan, showing a year-on-year growth of nearly 15% [2] - The company achieved an energy storage system shipment volume of 3.6 GWh and an order volume of 4.1 GWh, with a year-on-year increase of over 200% [2]

Group 1 - The core point of the news is that Zhiguang Electric (002169) has signed a sales contract worth 204 million yuan for a 200MW/400MWh energy storage system with Guangdong Pengxin Energy Storage Co., which is expected to positively impact the company's financial performance in the current and future years [2] - The company anticipates a net loss of 45 million to 60 million yuan for the first half of the year, which represents a reduction in losses of 33.50% to 50.13% compared to the same period last year [2] - The company’s earnings per share is expected to be a loss of 0.0580 yuan to 0.0774 yuan [2] Group 2 - In the previous year, Zhiguang Electric's energy storage business experienced growth despite market challenges, with energy storage revenue reaching 1.063 billion yuan, a year-on-year increase of nearly 15% [3] - The company shipped 3.6 GWh of energy storage systems and received orders totaling 4.1 GWh, representing a year-on-year growth of over 200% [3] - The large-scale energy storage systems introduced by the company have a maximum power of 25MW and an efficiency greater than 90%, being widely used by major clients such as State Grid and China Southern Power Grid [3]

Core Viewpoint - Company focuses on the research, production, and sales of medium and high-power LED lighting products while actively expanding into new areas such as charging stations and energy storage through its wholly-owned subsidiary, Shenzhen Haibo [1] Group 1 - Company does not engage in the chip sector [1] - Company will continue to adhere to independent innovation in its production and operations [1] - Company closely monitors the development trends of cutting-edge technologies in the industry [1] Group 2 - Company plans to conduct forward-looking research and development based on market and customer needs [1] - Company aims to combine its research and development capabilities with market demands for future growth [1]

Core Viewpoint - The article highlights recent advancements in the energy storage sector, focusing on significant projects undertaken by companies like Envision Energy, Jinko ESS, and Yilanco, showcasing their international expansion and technological innovations in energy storage solutions [1][6][12]. Group 1: Envision Energy - Envision Energy has secured two energy storage projects in the UK, each with a capacity of 50MW/100MWh, in collaboration with Field, a clean energy company [2][4]. - The Holmston project has already commenced construction, while the Drum Farm project is expected to start in early autumn, with both projects scheduled for completion by the end of 2026 [3]. - Envision Energy has reported a cumulative order scale exceeding 2GWh across 13 projects, indicating a robust growth trajectory in various energy storage sectors [4][5]. Group 2: Jinko ESS - Jinko ESS has won two grid-level energy storage projects in Italy, each with a capacity of 5MWh, set to be delivered in October 2025 and March 2026 [6][10]. - This marks Jinko ESS's entry into the large-scale energy storage market in Italy, providing frequency regulation and renewable energy integration services for the national grid [7]. - The company has disclosed a total order capacity exceeding 6GWh for 2025, reflecting its expanding footprint in the energy storage sector [9]. Group 3: Yilanco - Yilanco has recently shipped nearly 400 PCS units to overseas markets, catering to industrial storage integrators [12]. - The new products integrate an energy management system and multiple energy access distribution switches within a single cabinet, enabling automatic switching between grid power and generators [14]. - These products are designed for multi-energy complementary scenarios, suitable for microgrids, energy storage systems, data centers, and industrial loads [15].