证券代码：300682 证券简称：朗新集团 朗新科技集团股份有限公司 投资者关系活动记录表 | 投资者关系 | 特定对象调研 电话会议 | | --- | --- | | 活动类别 | | | 参与单位名 | 鹏华基金、诺德基金、朱雀基金、中金公司、中信建投、华泰 | | 称及人员姓 | 证券、天风证券、民生证券、长江证券、开源证券、国金证 | | | 券、华西证券等多家券商及投资机构人员参加了本次沟通交流 | | 名 | 会，参会人员共计 90 余人。 | | 时间 | 年 月 日 2025 8 21 20:30~21:30 | | 地点 | 电话会议 | | 上市公司接 | 董事会秘书王慎勇 | | 待人员姓名 | 投资者关系总监王彬彬 | | | 证券事务代表王利 | | | 会议主要交流内容： | | | 董秘王慎勇先生首先对公司 2025 年半年度业绩情况及业务 进展向投资者做了总体介绍： | | | 朗新科技集团聚焦能源数智化、能源互联网双轮发展战 | | 投资者关系 | 略，致力于成为一家 AI 驱动、Web3.0 赋能的领先的能源科技 | | 活动主要内 | 企业，通过构建链接海量电力负荷用户 ...

Core Points - The CSI Yingda Energy Internet Equal-Weight Index (CS Yingda EI) has shown significant growth, with a 10.47% increase over the past month, 9.57% over the past three months, and a 10.26% increase year-to-date [1] - The index comprises up to 80 securities selected from various sectors related to energy internet, including distributed photovoltaics, wind power, energy storage, and more, using an equal-weighting method to reflect the overall performance of listed companies in this sector [1] - The index's top ten holdings include companies such as GCL-Poly Energy (3.36%), Power Source (3.32%), and Guoxuan High-Tech (3.28%), indicating a diverse representation within the energy sector [1] - The index is primarily composed of industrial (71.70%) and communication services (14.19%) sectors, with public utilities (8.62%) and information technology (2.88%) also represented [2] Index Composition - The CSI Yingda Energy Internet Equal-Weight Index is adjusted quarterly, with sample adjustments occurring in March, June, September, and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (55.70%) and the Shanghai Stock Exchange (44.30%) [1]

Group 1 - Company announced a capital operation involving a debt-to-equity conversion of 277 million yuan to optimize the asset-liability structure of its subsidiary Zhongji Peixian [1][2] - The completion of the energy internet project in Susong, funded by the 2016 non-public offering, has been officially concluded, meeting the expected standards [2][3] - The total amount of raised funds by the company, including the net amount from the 2016 non-public offering and the remaining balance from the IPO, is approximately 959 million yuan, with about 161 million yuan remaining [3] Group 2 - The company is currently involved in a deposit dispute with Shanghai Pudong Development Bank, amounting to 295 million yuan, of which 125 million yuan is raised funds [3] - The dispute has entered the enforcement stage, affecting the company's ability to replenish its liquidity with the remaining raised funds [3]

Core Viewpoint - The company plans to conclude the fundraising project "Energy Internet Smart Application Susong Demonstration Project" after it has reached the expected usable status and met the completion standards [1][6][7]. Fundraising Basic Situation - The company raised a total of approximately RMB 936.14 million through a non-public offering of 35,991,649 shares at a price of RMB 26.01 per share in 2016 [1]. - The net amount of funds raised after deducting underwriting fees was approximately RMB 914.62 million [1]. Fundraising Management and Usage - The company established a fundraising management system to ensure the proper use of raised funds, including signing tripartite supervision agreements with banks [2][4]. - The company has made several changes to the special accounts for managing the raised funds to enhance efficiency [3][4]. Project Completion Situation - The "Energy Internet Smart Application Susong Demonstration Project" has been fully funded, with a total investment of RMB 7.6 million, exceeding the planned investment of RMB 7.52 million [6][8]. - The project has achieved its intended objectives and is ready for completion [6][7]. Impact of Project Completion - The conclusion of the fundraising project is expected to improve the company's capital utilization efficiency and operational capacity, benefiting long-term development without harming shareholder interests [7][10]. Remaining Fund Usage Issues - The company is currently involved in a legal dispute regarding RMB 295 million in deposits, including RMB 125 million of raised funds, which may affect the immediate availability of remaining funds [9]. - The company is actively monitoring the situation and will disclose updates as necessary [9]. Decision-Making Procedures - The decision to conclude the fundraising project was approved in meetings held on July 7, 2025, and is pending shareholder approval [10]. - The supervisory board and the sponsor institution have expressed that the decision aligns with regulatory requirements and the company's operational needs [10].

Core Viewpoint - The company has completed the investment project "Energy Internet Smart Application Demonstration Project in Susong" and is now proceeding to conclude the fundraising project [1][8][14] Fundraising Overview - The company raised a total of RMB 936,142,790.49 through a private placement of 35,991,649 shares at a price of RMB 26.01 per share, with a net amount of RMB 914,618,047.89 after deducting underwriting fees [1][2] - The funds were managed in accordance with relevant laws and regulations, with a dedicated management system established to ensure proper usage [2][5] Fund Management and Usage - The company has established special accounts for the management of the raised funds, ensuring that the funds are used exclusively for their intended purposes [2][5] - The total investment amount for the "Energy Internet Smart Application Demonstration Project in Susong" was RMB 7,600.72 million, with a completion rate of 101% [8][11] Project Conclusion Reasons - The project has reached its intended operational status and met the criteria for conclusion, reflecting effective management and execution of the fundraising project [8][14] Impact of Project Conclusion - The conclusion of the project is seen as a rational decision that enhances the company's operational capacity without harming shareholder interests, contributing positively to the company's long-term development [8][14] Remaining Fund Usage Issues - The company has a remaining balance of RMB 161,522,730.81 in unused funds, which includes RMB 155 million in cash management and RMB 6,522,730.81 in special accounts [9][12] - There are ongoing legal issues regarding a portion of the funds that have been frozen due to a dispute with a bank, which the company is actively addressing [12][13] Future Fund Usage Plans - Once the legal issues are resolved, the company plans to use the remaining funds to supplement its working capital for operations related to its main business [13][14]

Group 1: EMS Development and Market Position - EMS3.0 integrates AI and renewable energy, enhancing the capabilities of EMS2.0, which focuses on centralized monitoring and management of microgrids [1] - EMS3.0 aims to optimize the operation of distributed energy resources and reduce electricity costs, adapting to new power system requirements [1] - The transition from traditional clients to new industry clients, particularly in parks and renewable energy sectors, indicates a significant improvement in the company's industry focus [1] Group 2: Financial Performance and Shareholder Returns - The company plans to maintain stable dividends to enhance shareholder returns and market recognition [1] - Continuous improvement in operational management is expected to drive core competitiveness and company value [1] Group 3: Future Growth Drivers - The rise of energy internet and carbon neutrality trends are driving industry demand and technological diversification [2] - The company is focusing on expanding its business in energy storage and photovoltaic sectors, providing intelligent microgrid solutions [2] - Emphasis on product transformation and upgrading through internet tools and cloud platforms to meet market demands [2]

Core Insights - The national power generation capacity reached 3.61 billion kilowatts by the end of May, with a year-on-year growth of 18.8%, and solar power capacity increased by 56.9% [1] - The power equipment sector has shown strong performance in the secondary market, driven by policy support, industrial upgrades, and proactive adjustments by companies [1] - The new energy system construction is creating new growth opportunities in emerging fields such as energy storage and virtual power plants [2] Investment and Mergers - Several A-share power equipment companies are actively pursuing mergers and acquisitions across various sectors, including power generation equipment and photovoltaic technology [2] - Inner Mongolia Power Investment announced plans to acquire 100% of the shares of a coal power company, indicating ongoing consolidation in the industry [2] - State Power Investment Corporation is also engaging in significant acquisitions to enhance its market competitiveness [3] Technological Advancements - Companies are increasingly focusing on cutting-edge technologies to capture market share, such as virtual power plant platforms that integrate distributed energy resources [5] - The industry is expected to shift from capacity expansion to deep integration centered on technological collaboration over the next 3 to 5 years [4] - There is a growing emphasis on energy storage and virtual power plants, which require advancements in long-duration storage technology and precise load forecasting [6][7] Structural Challenges - The industry faces structural contradictions, including the mismatch between renewable energy growth and grid absorption capacity, as well as fluctuations in market prices versus user electricity price tolerance [6] - Companies are encouraged to develop flexible adjustment devices and optimize user electricity strategies to address these challenges [6] Strategic Recommendations - Companies should adopt a dual-driven model of "technological innovation + global layout" to enhance core competitiveness and mitigate trade barriers [7] - Continuous innovation and strategic positioning are essential for companies to seize opportunities in the evolving industry landscape [7]

Group 1 - The 2025 National Energy Internet Conference was successfully held in Hangzhou, focusing on the deep collaboration between artificial intelligence and energy technology, aiming to explore pathways for zero-carbon transformation and develop a "Chinese plan" for the digital energy era [1][4] - The conference was co-hosted by Tsinghua University and the State Grid Corporation of China, with various institutions collaborating to discuss energy internet innovations and policies [1][2] - The National Energy Administration emphasized the importance of energy internet as a key driver for smart upgrades and industrial transformation, highlighting future initiatives in new energy storage and hydrogen energy development [1][2] Group 2 - The State Grid Corporation of China is committed to advancing energy transition and technological innovation, focusing on the digital upgrade of the power grid and collaboration in energy internet development [2] - The Southern Power Grid Company introduced a digital grid model and released the industry's first digital grid standard framework, aiming to deepen AI integration with energy systems [2][3] - The 2025 National Energy Internet Development Annual Report highlighted significant growth in the energy internet sector, including the introduction of 145 new standards and a 50% increase in the number of energy internet enterprises [3] Group 3 - The conference featured discussions on various topics such as energy digitalization, carbon neutrality in electricity, and the application of artificial intelligence in energy systems [3][4] - The event aimed to provide new perspectives and strategies for building a sustainable energy future, emphasizing the integration of core technologies and ecosystem development [4]

Core Viewpoint - The "14th Five-Year Plan" for energy is crucial for achieving carbon peak goals and accelerating the construction of a new energy system, emphasizing the need for a comprehensive approach to energy planning and development [1] Group 1: Trends in Energy Development - Trend 1: The transition to green and low-carbon energy is advancing, with clean energy taking a leading role. The investment in non-fossil energy during the "14th Five-Year Plan" accounted for one-third of global investments, and during the "15th Five-Year Plan," installed capacity for wind and solar energy is expected to exceed 1.2 billion kilowatts [2] - Trend 2: Hydrogen and energy storage are becoming critical supports. The development of green hydrogen production technology is progressing rapidly, and the cost of renewable energy electrolysis for hydrogen production is decreasing [3] - Trend 3: The construction of a new power system is essential to address the challenges of renewable energy consumption. The new power system will enhance the flexibility and stability of the energy supply, focusing on improving grid infrastructure and integrating various energy sources [4] - Trend 4: The energy internet is taking shape, with continuous improvements in digitalization and intelligence. The integration of advanced information and communication technologies with energy systems will optimize energy production, transmission, and consumption [5][6] Group 2: Energy Security and Global Competition - The "15th Five-Year Plan" will see a blend of energy security and global competition, with a focus on self-sufficiency and resilience in energy supply. Domestic shale gas production is expected to exceed 50 billion cubic meters, and strategic mineral reserves will be extended to a six-month guarantee period [7] - Internationally, the shift towards carbon neutrality is reshaping global energy rules, moving from project-based cooperation to competition across the entire industry chain. This includes leading the establishment of international standards for green hydrogen and energy storage [7]

Group 1 - The core message is that Xuchang Intelligent has won a bid from the State Grid Corporation of China, with a total bid amount of 61.327 million yuan, enhancing the company's order situation significantly [1] - The successful bid is expected to positively impact the company's operational performance, market expansion, and brand effect [1] - Xuchang Intelligent has a strong technological foundation in the automation protection field and has been actively promoting the integration of software and hardware in the energy internet sector [1] Group 2 - The company has invested in multiple provincial R&D platforms and collaborates with various universities and research institutions to drive technological innovation and product upgrades [1] - Xuchang Intelligent is also expanding its overseas market presence by establishing subsidiaries abroad, leveraging Singapore's geographical advantages to enhance international competitiveness [1] - The company plans to continue its innovation-driven development strategy, increasing R&D investment in the new energy sector and improving product quality and service levels [2]