证券日报网讯 1月6日，国网信通在互动平台回答投资者提问时表示，股价波动受多种因素影响，良好 的股价表现是公司和全体股东的共同愿望。公司一直专注于能源数字化智能化领域，子公司深耕行业20 余年，经营基本面稳健扎实，将始终秉持提升内在价值、稳定回报投资者的发展理念，持续推进公司高 质量发展，增强抗风险能力，不断提高回报股东能力。 （文章来源：证券日报） ...

证券日报网讯12月9日，国网信通（600131）在互动平台回答投资者提问时表示，公司专注主责主业， 规范治理，始终秉持提升内在价值、稳定回报投资者的发展理念，走好能源数字化智能化创新之路。 ...

Core Viewpoint - The successful listing of Southern Power Grid Digital Power Research Institute Co., Ltd. marks a significant step in the company's digital transformation and its integration into the capital market, aiming to become a leading player in the digital grid industry [2][5]. Company Overview - Southern Power Grid Digital Power Research Institute is the fourth listed company cultivated by Southern Power Grid, following Southern Power Grid Energy, Southern Power Grid Technology, and Southern Power Grid Energy Storage [1]. - The company aims to leverage its technological innovations and industry leadership to support the intelligent, green, and integrated transformation of the energy and power industry [2]. Market Context - The listing comes at a crucial time as China's power energy system is undergoing a green and low-carbon transition, with the "14th Five-Year Plan" emphasizing the acceleration of a new energy system and the establishment of a unified power market [2]. - The digital grid is identified as a key vehicle for achieving these goals, with expectations for the company to become a prominent player in the Greater Bay Area's digital landscape [2]. Business Strategy - Southern Power Grid Digital has developed a comprehensive product system that spans all scenarios and stages, focusing on digitalization of power grids, enterprise digitalization, and digital infrastructure [2]. - The company is expanding its services beyond the power sector into transportation, water and gas utilities, public administration, and smart city initiatives, leveraging its technological expertise and practical experience [2]. Listing Achievement - The company submitted its listing application to the Shenzhen Stock Exchange on June 26, 2025, and achieved a successful listing in just 145 days, marking it as one of the fastest companies to list on the Growth Enterprise Market in recent years [5]. - This listing is seen as a major breakthrough for Southern Power Grid in its efforts to integrate into the capital market and signifies a new phase in its comprehensive digital transformation [5].

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]