中国青年报客户端讯（中青报·中青网记者 林洁）11月18日，继南网能源、南网科技、南网储能后，南 方电网培育的第4家上市企业——南方电网数字电网研究院股份有限公司（以下简称"南网数字"）在深 圳证券交易所挂牌上市。 南方电网公司董事长、党组书记孟振平表示，南方电网公司将深入贯彻落实数字中国、能源强国战略部 署，进一步做强做优做大数字电网产业生态，更好服务支撑能源电力产业智能化、绿色化、融合化转型 升级，加快塑造能源电力生产力新质态。接下来，公司将全力支持南网数字高质量发展，将其打造成为 数字电网领域的龙头上市公司，以优秀业绩回报广大投资者和社会各界。 当前，我国电力能源系统正处于绿色低碳转型的关键阶段。"十五五"规划建议明确提出"加快建设新型 能源体系、建成统一电力市场"，数字电网正是实现这一目标的关键载体。广州市委常委、常务副市长 陈杰说，期待上市后的南网数研院，在能源数字化智能化大潮中，成为大湾区最耀眼的"数字明星"。 仪 式现场。受访者供图 2025年，南网数字整装待发进军资本市场，于6月26日向深交所提交上市申报，11月18日正式发行上 市，仅历时145天，成为创业板近年来最快实现上市的企业。这是南方 ...

Core Viewpoint - The China Securities Regulatory Commission has approved the IPO registration of Southern Power Grid Digital Grid Research Institute Co., Ltd. (referred to as "Southern Digital"), marking a rapid IPO review process of 110 days from acceptance to registration [1] Industry Overview - The digital energy market in China is projected to reach a scale of 315 billion yuan in 2024, with a year-on-year growth of approximately 14.55%, and is expected to increase to 370 billion yuan in 2025, reflecting a growth rate of 17.46% [1] - The compound annual growth rate from 2020 to 2025 is estimated at 10.86%, driven by the dual goals of carbon neutrality and the digital China strategy [1] Company Profile - Southern Digital focuses on autonomous and controllable technology, having developed the "Fuxi" power-specific main control chip and the world's first micro intelligent current sensor [2] - The company has established partnerships with numerous state-owned enterprises and industry leaders, ensuring a stable customer base for future revenue growth [2] Financial Performance - According to the prospectus, Southern Digital achieved revenues of 5.686 billion yuan, 4.234 billion yuan, and 6.090 billion yuan from 2022 to 2024, with net profits of 653 million yuan, 377 million yuan, and 574 million yuan respectively, demonstrating strong profitability resilience [2] IPO Fundraising - Southern Digital aims to raise approximately 2.554 billion yuan through the IPO, with funds allocated to six key projects focused on advanced products and cutting-edge technology development [3] - The projects include the construction of a smart digital twin platform, a new generation of intelligent IoT perception and collaborative control systems, and a digital management system for enterprises [3] Competitive Advantages - Industry analysts believe that Southern Digital is well-positioned to benefit from policy incentives, technological barriers, and shareholder collaboration, potentially becoming a core player in the construction of new power systems [3]

Core Insights - The company, Xi'an Mobi Antenna Technology Engineering Co., Ltd., has successfully secured a million-level smart renewable energy management project order from government and enterprise clients [1] - By October 2025, the cumulative bidding amount in the smart renewable energy management project field has exceeded ten million, indicating significant progress in the company's renewable energy business sector [1] - Multiple new projects are currently in deep negotiation stages, with clear customer cooperation intentions, laying a solid foundation for future scale expansion in the smart renewable energy management market [1] Business Strategy - In recent years, the company has been deepening its industrial upgrade strategy, actively laying out emerging business areas such as "communication + energy-saving/renewable energy" and "smart applications" [1] - The company has successfully launched a series of new products in smart renewable energy management and smart city applications, enhancing market competitiveness through diversified product structures and customer pipeline expansion [1] - Research is being conducted in cutting-edge technology fields such as intelligent super-material terahertz antennas, microwave radar sensing modules, low-altitude phased array antennas, and dielectric filters [1] Market Positioning - These initiatives align with national policies promoting the digitalization and intelligent development of energy, effectively mitigating the impact of cyclical fluctuations in the industry on single business lines through optimized business combinations [1] - As the integration of 5G+ technology with vertical industries enters a "deep water zone," the company's multi-scenario solutions are expected to open up new profit growth spaces [1]

Core Insights - The company reported a revenue of 1.314 billion yuan for the first half of 2025, representing a year-on-year decline of 18.51% [2] - The net profit attributable to shareholders was -43.49 million yuan [2] - The company's main business segments include wireless communication modules, communication infrastructure, and communication engineering services [2] Business Segment Performance - Wireless communication module business accounted for 65.95% of total revenue, while communication infrastructure and engineering services contributed 13.65% and 18.41% respectively [2] - The decline in revenue across all business segments is attributed to intensified market competition [2] Product and Service Offerings - The company’s wireless communication module business involves the design, research and development, and sales of module products, providing solutions for global IoT terminal devices [2] - The communication equipment products include optical distribution frame products, wireless stations, data centers, and energy storage products, with a focus on expanding the energy storage product line in response to national policies [3] - The communication engineering services cover various fields such as communication networks, information networks, and power services, with a strong client base including telecom operators and government enterprises [3]

Group 1 - The company will hold a shareholder meeting on June 11, 2025, to discuss various proposals including the acquisition of a subsidiary and financial service agreements [2][3] - The board of directors emphasizes compliance with relevant laws and regulations, ensuring the protection of shareholder rights [4][5] - The company aims to enhance its governance and operational efficiency while maintaining transparency in its decision-making processes [6][7] Group 2 - In 2024, the company achieved a revenue of 7.315 billion yuan, with a net profit of 682 million yuan, reflecting a decrease in revenue by 4.67% compared to the previous year [30][34] - The company has received multiple awards for its contributions to the software and information service industry, highlighting its commitment to innovation and social responsibility [4][11] - The company plans to strengthen its digital transformation and energy innovation services, aligning with national policies and industry trends [11][12] Group 3 - The company has established a comprehensive internal control system to mitigate risks and ensure compliance with legal requirements [12][13] - The board of directors has set a goal to enhance its strategic planning and governance structure, focusing on high-quality development and digitalization [14][15] - The company is committed to maintaining a stable dividend policy, distributing 0.20705 yuan per share, which accounts for 30.04% of its net profit for 2023 [10][34]