10月10日，昊创瑞通延续昨日涨势继续走高，截至收盘，公司股价报57.80元/股，涨幅9.18%，总市值 约64亿元。公司9月26日在深交所创业板成功上市，证券代码为301668，本次公开发行股票2790万股， 发行价21.00元/股。 昊创瑞通成立于2007年，专注智能配电设备及配电网数字化解决方案，核心产品包括智能环网柜、智能 柱上开关和箱式变电站，广泛应用于国家电网等新型电力系统建设。公司是国家级专精特新"小巨人"企 业、国家级绿色工厂、高新技术企业，并参与国家标准制定。 从财务数据来看，昊创瑞通2022年至2024年营业收入分别为5.60亿元、6.72亿元和8.67亿元，净利润分 别为6876.07万元、8740.74万元和1.11亿元，增长稳健。 随着我国智能电网和新型电力系统构建不断深入，配电设备智能化成为重要发展趋势，昊创瑞通的发展 前景将更加广阔。昊创瑞通融合电子、通信、网络、控制及传感技术，对传统配电设备进行创新优化， 采用智能化、一体化等设计，赋予产品测量数字化、控制网络化、状态可视化、功能一体化和信息互动 化特征，实现智能化升级。 昊创瑞通表示，将坚持"做精配网主业、适度外延发展"的发展 ...

在阅读文章前，辛苦您点下"关注"，方便讨论和分享。作者定会不负众望，按时按量创作出 更优质的内容。 文|昕昕 前言 太阳能发电这十年，简直就是能源界的《三十而已》，从人人嫌弃的"高价货"一路打怪升级，现在已经 成了全球最便宜的电力来源。 这剧情反转，连编剧都不敢这么写！ 价格跳水跳成跳水冠军 先说个数据震撼一下大家：在阳光最灿烂的地方，太阳能发电成本已经低到每单位电力只要0.02英镑。 这是什么概念？比煤炭便宜，比天然气便宜，甚至比风能还便宜！萨里大学的研究人员表示，这价格已 经"卷"到连传统能源都怀疑人生了。 更离谱的是，过去十年太阳能成本狂降80%以上，这降价速度，双十一的商家看了都要流泪——人家那 是玩套路，太阳能这是真香啊！ 就连在北纬50度、常年阴天的英国，太阳能都能成为最经济的选择，英国人民估计都惊了：我们这儿太 阳都是限量版的，居然也能靠太阳能便宜发电？ 2024年全球太阳能装机容量突破1.5太瓦，比2020年直接翻倍。 太阳能能这么便宜，靠的可不是玄学，人家是实打实的技术流，制造工艺改进、材料科学突破、产业链 优化……说白了就是从原料到成品的每个环节都在"内卷"，卷到最后消费者爽歪歪。 更绝的 ...

英国萨里大学的一项最新研究表明，太阳能发电成本已创下历史新低：在光照充足的国家，每度电的成 本最低仅需0.02英镑，比煤炭、天然气乃至风能都更为经济。相关研究成果发表于新一期《能源与环境 材料》杂志。 研究团队表示，太阳能光伏技术正成为全球向清洁能源转型的核心动力。即便在英国这样地处北纬50度 的国家，太阳能也已成为大规模发电中最经济的选择。数据显示，2024年全球新增太阳能装机容量突破 1.5太瓦，较2020年翻了一番，足以满足数亿家庭的用电需求，成为构建韧性低碳能源体系的基石。 2010年以来，锂离子电池价格大幅下降89%，使得"太阳能+储能"系统的成本竞争力堪比天然气发电。 这种将光伏板与蓄电池相结合的混合系统，如今已成为多地的标准配置，既能储存富余电能，又能按需 释放，使太阳能转变为稳定可控的电源，有效助力电网平衡。 如何将日益增长的太阳能电力接入现有电网，已成为现阶段最大难题。随着可再生能源占比提升，智能 电网、人工智能预测和区域电网互联，将成为维持电力系统稳定的关键。与此同时，储能技术与智能电 网的深度融合，正让太阳能逐步实现可靠、经济、清洁的规模化供电。而钙钛矿太阳能电池等材料创 新，更有望在不 ...

海兴电力所属申万行业为：电力设备-电网设备-电工仪器仪表。所属概念板块包括：DeepSeek概念、一 带一路、养老金概念、中盘、智能电网等。 截至6月30日，海兴电力股东户数2.67万，较上期增加23.98%；人均流通股18183股，较上期减少 19.34%。2025年1月-6月，海兴电力实现营业收入19.24亿元，同比减少14.67%；归母净利润3.96亿元， 同比减少25.74%。 分红方面，海兴电力A股上市后累计派现23.03亿元。近三年，累计派现12.13亿元。 机构持仓方面，截止2025年6月30日，海兴电力十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1042.55万股，相比上期减少381.02万股。南方中证500ETF（510500）位居第十大流通股 东，持股285.89万股，为新进股东。 责任编辑：小浪快报 10月10日，海兴电力盘中上涨2.16%，截至10:58，报29.28元/股，成交1.08亿元，换手率0.78%，总市值 142.38亿元。 资金流向方面，主力资金净流入383.94万元，特大单买入169.06万元，占比1.56%，卖出115.42万元，占 比1.06%；大 ...

如何将日益增长的太阳能电力接入现有电网，已成为现阶段最大难题。随着可再生能源占比提升，智能 电网、人工智能预测和区域电网互联，将成为维持电力系统稳定的关键。与此同时，储能技术与智能电 网的深度融合，正让太阳能逐步实现可靠、经济、清洁的规模化供电。而钙钛矿太阳能电池等材料创 新，更有望在不新增用地的情况下，将发电效率提升50%。 研究团队强调，太阳能领域若想实现可持续发展，离不开长期政策支持。清晰的政策导向能有效激发投 资与创新。加速全球能源体系绿色转型，不仅需要持续投入，更需要国际社会精诚合作。 （文章来源：科技日报） 英国萨里大学的一项最新研究表明，太阳能发电成本已创下历史新低：在光照充足的国家，每度电的成 本最低仅需0.02英镑，比煤炭、天然气乃至风能都更为经济。相关研究成果发表于新一期《能源与环境 材料》杂志。 研究团队表示，太阳能光伏技术正成为全球向清洁能源转型的核心动力。即便在英国这样地处北纬50度 的国家，太阳能也已成为大规模发电中最经济的选择。数据显示，2024年全球新增太阳能装机容量突破 1.5太瓦，较2020年翻了一番，足以满足数亿家庭的用电需求，成为构建韧性低碳能源体系的基石。 2010年 ...

中秋国庆假期期间，全国各地文旅市场精彩不断，消费活力持续攀升。针对节日用电的 需求特点，国家电网公司统筹资源、精心运维，依托数字化、智能化手段全面提升应急响应 效率，安排应急抢修队伍1.3万支、抢修车辆2.5万辆，调配部署移动电源车3334辆、发电机 1.3万台，全天候保障电力可靠供应，确保人民欢度佳节。 智慧赋能，守护民俗盛景 为确保节日期间景区电力供应稳定，国家电网公司运用红外测温、超声波检测等技术， 为变压器、开关柜等核心设备进行"健康体检"，启用"空天地"立体巡检模式，对各地景区内 的供电设备和线路开展特巡特护，守护景区假期的灯火通明。 在安徽黄山风景区，国网安徽电力依托电力大数据，对景区配电变压器进行全量标记， 实时掌握配网设备运行状况，加强对线路和台区异常情况的监测预警。当地电力部门提前改 造投运了位于景区核心区域的35千伏白鹅岭变电站，区域电网供电能力提升1.5倍。升级后 的变电站采用智能巡视、数字化感温、智慧消防等新技术，并接入新一代变电站集控系统， 进一步提升供电可靠性。"节日期间，我们通过远程监控与现场特巡相结合的方式，确保变 电站安全稳定运行，守护黄山灯火。"国网黄山供电公司变电运检中心 ...

Company Overview - Hezhong Electric, established on April 20, 2007, and listed on July 28, 2017, is located in Nanshan District, Shenzhen, Guangdong Province. The company focuses on the field of electric energy conversion, providing efficient, reliable, and high-quality solutions for power generation, consumption, and transmission [1][2]. Financial Performance - For the first half of 2025, Hezhong Electric achieved operating revenue of 1.884 billion yuan, representing a year-on-year growth of 36.39%. The net profit attributable to shareholders was 243 million yuan, reflecting a year-on-year increase of 56.79% [2]. - Since its A-share listing, Hezhong Electric has distributed a total of 299 million yuan in dividends, with 170 million yuan distributed over the past three years [3]. Stock Performance - As of September 30, Hezhong Electric's stock price increased by 81.75% year-to-date, with a 5.62% rise over the last five trading days, 8.35% over the last 20 days, and 11.54% over the last 60 days. The stock was trading at 36.06 yuan per share, with a market capitalization of 16.392 billion yuan [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on August 12, where it recorded a net buy of -274 million yuan [1]. Shareholder Structure - As of June 30, 2025, Hezhong Electric had 26,900 shareholders, a decrease of 8.91% from the previous period. The average number of circulating shares per shareholder increased by 10.23% to 16,895 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, holding 13.4852 million shares, an increase of 7.4263 million shares from the previous period. New shareholders include Southern CSI 1000 ETF, holding 4.1895 million shares [3]. Market Position - Hezhong Electric operates within the power equipment sector, specifically in wind power equipment and components. The company is part of various concept sectors, including mid-cap, semiconductors, margin trading, smart grid, and heavily held by funds [2].

Core Viewpoint - The Gas Insulated Switchgear (GIS) market is experiencing steady growth, driven by urbanization, industrial demand, renewable energy integration, and modernization of distribution networks, with a projected global market size of approximately $6.782 billion in 2024 and a compound annual growth rate (CAGR) of about 9.88% until 2031 [3][7]. Market Size - The global GIS market is expected to reach approximately $13.274 billion by 2031, with a CAGR of 9.88% from 2025 to 2031. The demand for compact and reliable power systems in urban areas is a significant driver of this growth [7]. Competitive Landscape - Major GIS manufacturers are concentrated in Europe and China, with leading companies including Hitachi Energy, Siemens, and others. The top five companies are projected to hold about 44.72% of the market share by revenue in 2024 [8]. Regional Market - China and Europe are the largest consumers of GIS, accounting for approximately 75% of the revenue market share in 2024 [11]. Product Types - GIS products are categorized by voltage ratings, with 110kV and 220kV products holding significant market shares, together accounting for about 56% of revenue in 2024 [12]. Downstream Market - GIS is widely used in urban power grids, renewable energy generation, hydropower, thermal power, and other applications, with urban power grids representing a market share of 18.05% by revenue in 2024 [13]. Favorable Industry Development Factors - Increased government investment in power infrastructure and support for smart grids and green energy initiatives provide long-term policy and capital backing for the GIS market [14]. Challenges in Industry Development - High initial investment costs compared to traditional air-insulated switchgear (AIS) may limit the widespread adoption of GIS, particularly in medium and low voltage applications. Additionally, the environmental regulations regarding SF₆ gas emissions pose challenges for manufacturers [16]. Barriers to Entry - The GIS industry has significant technical barriers due to the need for high precision in design and engineering capabilities. New entrants without substantial technical expertise may struggle to ensure product reliability and safety [17]. Industry Policies - Various policies, such as the "14th Five-Year Plan for Modern Energy System" and "Made in China 2025," emphasize the development of high-voltage transmission projects and the adoption of domestically produced GIS equipment [20][22].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Views - The company is a leading provider of intelligent distribution equipment in the domestic renewable energy sector, with a strong position in offshore wind power and a strategy for global expansion [4][5]. - Revenue projections for 2025-2027 are estimated at 80.43 billion, 101.96 billion, and 126.19 billion yuan, respectively, with net profits of 8.19 billion, 10.29 billion, and 12.78 billion yuan [4]. - The company's current price-to-earnings (PE) ratios for 2025, 2026, and 2027 are 18.7, 14.9, and 12.0, respectively, indicating a favorable valuation compared to peers [4]. Summary by Sections Company Overview - The company has been a key player in the distribution and control equipment sector since its establishment in 1993, achieving significant milestones in renewable energy equipment development [15]. - It has a concentrated ownership structure, with the actual controller holding 43.47% of shares, and a management team with extensive industry experience [20][22]. Financial Performance - The company has shown consistent revenue and profit growth, with a compound annual growth rate (CAGR) of 40.3% from 2020 to 2024 [27]. - In 2024, the company achieved a revenue of 6.44 billion yuan, with a year-on-year growth of 29.6% [8]. - The gross margin for 2024 was 22.3%, and the net margin was 10.3%, reflecting effective cost control [32][35]. Industry Insights - The renewable energy sector is experiencing stable growth, with increasing demand for wind and solar power, particularly in offshore wind, which has significant growth potential [50][51]. - The market for transformers in the wind and solar sectors is projected to reach 30.6 billion yuan by 2027, driven by the expansion of renewable energy installations [64].

Core Viewpoint - Shandong Shanda Electric Power Technology Co., Ltd. has experienced a decline in stock price and significant capital outflow, while also showing growth in revenue and net profit year-on-year [1][2]. Group 1: Stock Performance - On September 30, Shanda Electric's stock price fell by 2.01%, reaching 51.16 CNY per share, with a trading volume of 119 million CNY and a turnover rate of 6.68%, resulting in a total market capitalization of 8.333 billion CNY [1]. - The stock has decreased by 23.47% year-to-date, with a slight decline of 1.33% over the last five trading days, but has increased by 3.86% over the last 20 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 23, where it recorded a net purchase of 93.9325 million CNY [1]. Group 2: Company Overview - Shanda Electric, established on April 12, 2001, is located in Jinan, Shandong Province, and focuses on the research and industrialization of intelligent products related to power systems [2]. - The company operates in two main business segments: intelligent monitoring of power grids and renewable energy, with leading products including fault recording monitoring devices and transmission line fault monitoring devices [2]. - The revenue composition is as follows: fault recording monitoring devices account for 63.61%, transmission line fault monitoring devices for 35.17%, and other products for 1.22% [2]. Group 3: Financial Performance - For the first half of 2025, Shanda Electric reported a revenue of 281 million CNY, representing a year-on-year growth of 13.91%, and a net profit attributable to shareholders of 49.3324 million CNY, which is a 20.57% increase compared to the previous year [2].