好的各位投资者大家早上好我是长安电器的宋力然后欢迎大家介入我们今天频道电器的年报和一级报的业绩的一个交流会然后公司的话在昨天晚上也披露了24年的年报和25年一级报的一个情况整体还是进一步保持一个非常高的这样的一个亮眼的业绩然后今天的话我们也是非常荣幸的邀请到了公司的董秘与刘总 还有公司网络的其他的领导来在线上跟大家一起做这样的一个业绩交流的一个分享接下来时间的话我们先交给公司领导这一边对整个年报和一级报的一个情况做这样的一个解读那么后面的话我们会留时间交给大家跟公司领导这边继续做这样的一个交流互动那麻烦咱们大家好我是平高天气总监刘湘益 下面由我来介绍一下2024年全年的业绩包括2025年一季度的情况2024年全年实现收入124.02亿元较同期的110.77亿元增加了13.25亿元增幅12%实现的规模经营利润是12.3亿元同比增加2.06亿元 增幅25.43%前年的整体的从板块来看今年整体的板块来说高压板块仍然是保持了一个绝对的优势高压板块的收入是77亿比上年同期 增长了25%从三年来看从2022年开始也可以说进入了我们整个的高压板块的一个快速的上升期2024年比2022年整体就增长了55%可以看到高压板块也是 ...

Core Insights - Ningde Times reported a revenue of 84.705 billion yuan for Q1 2025, a year-on-year increase of 6.18%, and a net profit of 13.96 billion yuan, up 32.85% [1] - The company has a small proportion of its business in the U.S., which has been minimally affected by recent tariff policies [1] - The emerging markets in the Middle East and Australia are experiencing rapid growth in energy storage demand, driven by renewable energy and AI data centers [1][2] Financial Performance - R&D investment reached 4.814 billion yuan in Q1 2025, a year-on-year increase of 10.92% [2] - The net cash flow from operating activities was 32.868 billion yuan, up 15.91% year-on-year [2] - As of the end of Q1, the company had a cash and cash equivalents balance of 286.3 billion yuan [2] Market Position and Strategy - Ningde Times has maintained its position as the global leader in power battery usage for eight consecutive years, with a market share of 38% in January and February 2025, and 43% in the European market, an increase of 8% year-on-year [1] - The company plans to establish 1,000 battery swap stations in 2025 and has signed a cooperation framework agreement with Sinopec to build a nationwide battery swap ecosystem [3] - Strategic partnerships have been formed with NIO to create the largest and most advanced passenger vehicle battery swap service network globally, and a joint venture with Didi to expand the battery swap market [3]

Group 1 - In the first quarter of this year, Chongqing's key projects completed an investment of 111.15 billion yuan, a year-on-year increase of 11.6%, achieving an investment progress of 23.2% of the annual plan [1] - Chongqing has 285 key manufacturing projects with an annual planned investment of 79.9 billion yuan, having completed an investment of 21.07 billion yuan, a year-on-year increase of 4.8%, with an investment progress of 26.4% [1] - The new generation electronic information manufacturing projects saw a significant investment growth, completing 3.98 billion yuan, a year-on-year increase of 34.6% [1] Group 2 - In the transportation infrastructure sector, Chongqing has 81 key projects with an annual planned investment of 100.46 billion yuan, having completed an investment of 22.37 billion yuan, achieving an investment progress of 22.3% [1] - The railway and highway projects completed investments of 8.51 billion yuan and 10.13 billion yuan respectively, with year-on-year growth of 6.5% and 6.1% [1] Group 3 - Chongqing's public infrastructure projects include 286 key projects with an annual planned investment of 151.63 billion yuan, having completed an investment of 35.86 billion yuan, achieving an investment progress of 23.7% [1] - The rail transit projects completed an investment of 8.61 billion yuan, a year-on-year increase of 6% [1] Group 4 - Chongqing has 112 energy key projects with an annual planned investment of 48.17 billion yuan, having completed an investment of 9.45 billion yuan, a year-on-year increase of 79.5% [2] - The Wulong Yinpan pumped storage power station, a significant project under the national plan, has a total investment of 7.3 billion yuan and an installed capacity of 1.2 million kilowatts, with construction having commenced [2] Group 5 - The Chongqing Development and Reform Commission aims to accelerate the preliminary work of key projects, optimize resource allocation, and enhance problem-solving to drive project investment growth, establishing a solid foundation for achieving annual economic growth targets [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a strong start to 2025, with Q1 revenue of 25.10 billion yuan, a year-on-year increase of 22.8%, and a net profit of 3.58 billion yuan, up 55.9% year-on-year [4][5] - The company achieved a total revenue of 124.02 billion yuan in 2024, representing a 12.0% year-on-year growth, and a net profit of 10.23 billion yuan, which is a 25.4% increase year-on-year [4][5] - The company has adjusted its profit forecast for 2025 down to 15.13 billion yuan from 15.69 billion yuan, while increasing the 2026 forecast to 17.79 billion yuan from 17.31 billion yuan, and introducing a new forecast for 2027 at 20.08 billion yuan [4][5] Financial Performance Summary - In 2024, the company's domestic switch manufacturing segment generated revenue of 109.40 billion yuan, a 20.7% increase year-on-year, with the high-voltage segment contributing 76.98 billion yuan, up 25.1% [5] - The company's gross margin improved to 22.4% in 2024, with a net margin of 9.0%, both showing year-on-year increases [4][5] - The company's earnings per share (EPS) for 2025 is projected at 1.12 yuan, with corresponding price-to-earnings (P/E) ratios of 15.9 for 2025, 13.5 for 2026, and 12.0 for 2027 [4][7] Industry Outlook - The investment in the national power grid is expected to exceed 650 billion yuan in 2025, continuing the trend of high investment levels in the sector [6] - The company is well-positioned to benefit from the ongoing high demand for power grid construction and the recent initiatives to enhance the quality of distribution networks [6]

每经记者 王佳飞 每经编辑 文多 丨2025年4月7日—2025年4月13日丨 NO.1 豫能控股2024年营业收入约121.55亿元 4月11日，豫能控股（SZ001896）公布了2024年年度报告。2024年，公司营业收入约121.55亿元，同比 增加1.43%，归母净利润为亏损约1.21亿元，较2023年同期的亏损约5.54亿元有所降低。去年公司经营 活动产生的现金流量净额为约23.69亿元，同比增加214.51%。豫能控股是河南省集火力发电、新能源、 抽水蓄能、煤炭贸易物流、综合能源服务于一体的综合能源上市公司。 点评：思维列控2024年营收、净利润同比增幅均超28%，扣非净利润同比增长35%，铁路安全领域需求 拉动效应显著，但需关注行业订单周期波动，避免增收不增利。 NO.4 许继电气2024年归母净利润同比增长11.09% 4月10日，许继电气（SZ000400）公布了2024年年度报告。2024年，公司实现营业收入170.89亿元，同 比增长0.17%，实现归母净利润11.17亿元，同比增长11.09%。去年公司研发投入8.80亿元，同比增长 10.84%，经营活动产生的现金流量净额12.99亿 ...

Group 1 - The core activity "Shareholders Come" aims to enhance institutional investors' understanding and trust in listed companies, thereby boosting investor confidence and promoting effective communication between companies and investors [1][3] - Beijing Yubang Electric Technology Co., Ltd. has over 20 years of experience in the smart grid sector, focusing on the research, production, and sales of smart electricity products, including smart meters and energy storage products [1][2] - In 2024, Yubang Electric achieved a revenue of 940 million yuan, a year-on-year increase of 67.35%, and a net profit of 111 million yuan, reflecting a significant growth of 195.77% [2] Group 2 - The company emphasizes a combination of production and research, with a 2024 R&D investment of 80.1465 million yuan, accounting for 8.52% of revenue, and has obtained 69 new intellectual property rights [2] - During the event, Yubang Electric's executives shared insights on the company's technological innovations and market positioning, as well as its role in supporting the construction of a new power system in China [3][4] - Guotai Junan Securities, as a co-organizer, provided macroeconomic analysis and insights into the opportunities presented by the clean electricity demand and the evolving competitive landscape in the power industry [4]

文 ｜ 李想 荣浩翔 朱翀佚 2 0 2 5年1~2月全社会用电同比增长1 . 3%，增速平淡主要原因为冬季气温偏暖以及去年闰年导致的 高基数效应，二产、三产及居民用电增速均环比下降；高耗能地区及沿海地区用电增速环比均小幅 下滑；供给端，火电及核电投资显著加速，电网端则延续2 0 2 4年以来的强劲增长态势，投资金额 同比增速达3 3 . 5%；装机增长、需求平缓使得1~2月火电利用小时数同比下降9 . 4%，风电光伏消纳 率持续小幅下滑。 ▍ 需求：暖冬&闰年高基数效应下，1 ~ 2月用电增速为1 . 3%。 根据中电联数据（下同），2 0 2 5年1~2月，全社会用电1 5 , 5 6 4亿kWh，同比增长1 . 3%，增速较 2 0 2 4年1 2月下滑1 . 9个百分点，用电增速平淡或主要与冬季气温较历史同期偏高、以及去年闰年 导致的高基数效应有关。1~2月，一产、二产、三产及居民用电对整体用电增量贡献度为 7 . 7%/ 4 0 . 4%/ 5 0 . 7%/ 1 . 6%。1~2月，二产用电增速环比下降，高耗能行业用电需求放缓；分区域 看，高耗能地区用电增速回落至2 . 4%，沿海地区增速持续下滑 ...

-广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：中国石化 注：添加好友请备注 公司名称、姓名、职务，入群需发送1张您的纸质名片~ 在换电配套车型方面， 宁德时代子公司时代电服科技有限公司已基于巧克力换电解决方案，与多家主流车 企合作，推出了长安欧尚520，埃安S，一汽红旗EQM5等车型。宁德时代旗下时代骐骥新能源科技（深 圳）有限公司基于骐骥换电解决方案，与重汽、解放、福田、DeepWay等主流卡车制造商合作，共推出 30多款底盘换电车型。 此次合作将推动换电生态圈体系化构建迈入新阶段，为服务于广大民众的换电站"新基建"加速。中国石化 拥有遍布全国的加能站网络资源与能源服务能力，目前已建成综合加能站3万座、易捷便利店2.8万家、超 充快充站超万座，全渠道用户超3亿，日均服务客户2000万人次。 宁德时代是全球最大的动力电池供应商，拥有领先的电池技术与换电系统研发实力。双方强强联手，将联 合推动能源与电力标准化建设，积极打造"光储充换检"智慧能源微电网，拓展能源聚合运营合作，携手打 造全国性综合能源基础设施，为全球能源转型贡献中国实践范例。 进固态 ...

科汇股份688681 时间: 2025年4月2日星期三 45.98分综合得分 偏弱 趋势方向 主力成本分析 12.81 元 当日主力成本 12.56 5日主力成本 13.02 元 20日主力成本 12.23 元 元 60日主力成本 0 次 技术面分析 12.80 短期压力位 12.27 短期支撑位 周期内涨跌停 过去一年内该股 涨停 0次 跌停 关联行业/概念板块 13.68 中期压力位 12.27 中期支撑位 股价突破短期压力位，短线有望走强； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 暂无特殊形态 资金流数据 2025年04月02日的资金流向数据方面 | 主力资金净流入5.21万元 | | --- | | 占总成交额0% | | 超大单净流入0.00元 | | 大单净流入5.21万元 | | 散户资金净流出30.73万 | 电网设备 0.21%、工业互联 0.78%、储能 0.23%、智能电网 0.27%等 财务数据 最近的财报数据显示，该股于2025年04月02日 | 每股收益0.15元 | 营业利润0.15亿元 | | --- | --- | | 市盈率--- | 销售毛利率49.616% ...

上市企业：申能股份(600642)、浙富控股(002266)、黔源电力(002039)、华能国际（600011）、大唐新能 源（01798.HK） 相关企业：华能集团有限公司、国大唐集团有限公司、中国华电集团有限公司、中国长江三峡集团有限 公司、国家电力投资集团有限公司、中国能建集团、中国电力建设集团有限公司、大唐科研总院中南院 关键词：抽水蓄能发电市场规模、抽水蓄能发电市场竞争格局、抽水蓄能发电行业发展前景 一、抽水蓄能发电行业定义及技术分类 内容概要：抽水蓄能发电产业是一种利用水能进行能量储存和释放的电力储能技术产业。抽水蓄能是当 前技术最成熟、全生命周期碳减排效益最显著、经济性最优且最具大规模开发条件的电力系统绿色低碳 清洁灵活调节电源。随着新能源并网需求的不断增加，抽水蓄能电站的市场价值将进一步凸显。在国家 政策的推动下，抽水蓄能电站的建设进度也在不断加快。多地已启动或即将启动抽水蓄能电站的建设项 目，这些项目的建成将进一步提升电力系统的调节能力。近年来，我国抽水蓄能电站累计装机容量快速 增长，2024年我国抽水蓄能电站累计装机容量58.47GW，新增装机容量7.07GW，发电量608.9亿千瓦 时； ...