此次单车运行带电作业的成功完成，不仅检验了公司带电作业队伍的技术水平，也为今后在复杂地形、 狭窄区域开展带电作业积累了宝贵经验。下一步，该公司将继续加大带电作业技术研发和应用力度，拓 展作业范围、提升作业效率，以更可靠的供电服务助力地方经济社会发展。（马睿） 此次作业的任务是对10千伏拉博线一处带负荷断耐张引流线工作。与传统带电作业需多车协同配合不 同，本次作业仅通过一辆集成了绝缘臂、操作平台及全套作业工具的多功能带电作业车完成。作业前， 公司组织技术骨干反复研讨方案，对作业流程、风险点及应急措施进行全面推演，确保各环节万无一 失。 8月19日，国网阿合奇县供电公司在10千伏拉博线1017线路成功完成首次单车复杂类带电作业，这也是 克州公司首次单台带电作业车开展的复杂类带电作业，标志着克州公司在配网不停电作业领域实现了新 突破，为提升电网供电可靠性、减少停电时间提供了有力支撑。 "以前处理这类故障，要么需要停电检修,影响用户用电，要么得调配多辆作业车协同，准备时间长、成 本高,现在单车就能搞定，原来十人进行的作业现在仅需五人就能高效完成,效率提高太多了！"参与作业 的带电作业班班长别克图尔·开麦力介绍道。 作 ...

Core Viewpoint - Wuhan Lide Electric Technology Co., Ltd. (referred to as Lide Technology) has submitted a prospectus for an IPO on the Beijing Stock Exchange, with Open Source Securities Co., Ltd. as the sponsor [1] Company Overview - Lide Technology is based in Hongshan District, Wuhan, Hubei Province, and is controlled by Wang Songfeng, who holds 28.56% of the shares directly and controls 64% of the voting rights through indirect holdings [1] - The company specializes in non-power outage operation vehicles, specialized equipment, tools, professional services, and system solutions for power distribution networks [1] Financial Performance - Revenue for Lide Technology during the reporting period was approximately 420 million yuan, 346 million yuan, and 397 million yuan for the years 2022, 2023, and 2024 respectively [5] - Net profit for the same years was approximately 67.27 million yuan, 56.15 million yuan, and 65.69 million yuan [5] - The comprehensive gross margin for these years was 37.26%, 43.54%, and 41.52% respectively [5] Revenue Composition - The revenue share from non-power outage operation vehicles is projected to decrease from 49.35% in 2022 to 22.55% in 2024, while the shares from non-power outage specialized equipment, tools, and technical services are expected to increase [1][2] - Specific revenue figures for 2024 include: - Non-power outage operation vehicles: 89.37 million yuan (22.55%) - Non-power outage specialized equipment: 57.60 million yuan (14.54%) - Non-power outage tools: 82.29 million yuan (20.77%) - Non-power outage technical services: 88.50 million yuan (22.33%) [2] Industry Context - The power distribution network is crucial for delivering electricity from high-voltage systems to end users, ensuring stable power supply [3] - In 2023, China's grid investment reached 527.7 billion yuan, a year-on-year increase of 5.4%, with a continuous rise in non-power outage operations driven by market expansion [3] Future Prospects - Lide Technology plans to raise approximately 237 million yuan through the IPO to invest in the second phase of its non-power outage operation production base, R&D center construction, and non-power outage operation technical services [8] - The company faces risks related to its reliance on the power industry and grid companies, with significant revenue contributions from State Grid and Southern Grid [7]

Core Viewpoint - The development of the non-power outage operation in China's distribution network is accelerating, driven by stable electricity supply and increasing demand for reliable power supply as the economy grows [1][11]. Group 1: Industry Overview - The non-power outage operation in the distribution network refers to conducting maintenance or construction work while minimizing or avoiding power outages for users, thereby enhancing power supply reliability and increasing supply capacity [2][8]. - The market size for non-power outage operations in China's distribution network is projected to reach 131.19 billion yuan in 2024, with an expected growth to 137.89 billion yuan in 2025 [11][13]. Group 2: Market Dynamics - The industry is experiencing a shift from "power outage operations" to "non-power outage operations," with the number of non-power outage operations increasing from 904,200 times in 2016 to an estimated 1,624,400 times in 2024, reflecting a compound annual growth rate of 7.60% [13]. - The average charge for non-power outage operations is expected to rise slightly from 8,076 yuan per operation in 2024 to 8,120 yuan in 2025 [13]. Group 3: Competitive Landscape - The competitive structure of the non-power outage operation industry in China is characterized by significant differences in technology and service quality among companies, with state-owned enterprises dominating the market due to their resource integration capabilities and brand influence [18][19]. - Major companies in the industry include Wuli De Electric Science, Hailun Zhe, Xuhui Electric, and Beijing Kerui, each offering specialized products and services for non-power outage operations [19]. Group 4: Development Trends - The increasing demand for stable electricity supply necessitates the implementation of non-power outage operations, which can enhance economic efficiency for power companies and reduce economic losses caused by outages [21]. - The technology for non-power outage operations is crucial for ensuring continuous power supply and minimizing the negative impacts of outages on the economy, indicating a broad development space for the market [21].