业绩简评 7 月11 日，公司发布2025 半年度业绩快报，1H25 实现营收84.5 亿元，同比+37.8%，归母净利润12.9 亿 元，同比+45.7%；Q2实现营收52.7 亿元，同比+50.2%，归母净利润8.5 亿元，同比+61.5%，大超预 期。 经营分析 主网建设超预期，变压器出口维持高景气，网外新能源装机高增。 公司前三批合计中标39.2 亿元，同比+80%，主要系750kV GIS 中标份额大幅提升。 2）海外：2025 年1-5 月我国电力变压器出口20 亿美元，同比+45%，维持高速增长。公司在英国、意大 利、沙特、科威特等多个国家市场实现了多款产品的突破，并通过了多个国家的资质认证，有望持续受 益于海外电力设备需求外溢，海外订单加速兑现。 1）国内：2025 年1-5 月电网工程完成投资2040 亿元，同比+20%。 国网输变电设备第3 批中标结中标金额211.9 亿元，同比+38%，创单批次中标金额新高，前3 批累计中 标540.6 亿元，同比+25%，我们预计主要由于西北电网建设超预期带动设备招标快速增长。 公司发展战略明确、业务规划清晰，在国内电网投资加速、海外电力设备需求持续景 ...

Summary of Key Points Core Viewpoint - Beijing Keri Group Co., Ltd. has approved guarantees for its wholly-owned subsidiary, Gu'an Keri New Energy Technology Co., Ltd., for a distributed photovoltaic power generation project loan and for Hunan Changda Transmission and Transformation Construction Co., Ltd. for a project performance guarantee [1][2][6]. Guarantee Overview - The company will provide a joint liability guarantee for Gu'an Keri's loan for the cloud valley (Gu'an) technology company's distributed photovoltaic power generation project, with a guarantee amount not exceeding RMB 13.6 million, valid for 9 years from the board's approval date [1][2]. - A performance guarantee of up to RMB 780,000 will be provided for Hunan Changda's project, with a guarantee period of 6 months after the completion of the main debt obligations [2][4]. Financial Details - The total assets of Gu'an Keri as of June 30, 2025, are RMB 9,369.51 million, with total liabilities of RMB 6,301.83 million, resulting in net assets of RMB 3,019.43 million [3][4]. - Hunan Changda's total assets as of March 31, 2025, are RMB 9,078.79 million, with total liabilities of RMB 7,663.14 million, resulting in net assets of RMB 2,887.39 million [4][5]. Board's Opinion - The board believes that the guarantees are necessary to support the operational development of Gu'an Keri and that the financial risks are manageable, ensuring that the interests of the listed company and all shareholders are not compromised [6][8]. - The board has authorized the chairman or designated personnel to handle the guarantee matters and sign relevant contracts with financial institutions [6][8]. Compliance and Oversight - The guarantees comply with the Company Law and relevant regulations, and there are no overdue guarantee issues as of the resolution date, with the total external guarantees amounting to RMB 58.96 million, which is 3.49% of the latest audited net assets [7][8].

思源电气（002028）公告，2025年上半年营业收入84.97亿元，同比增长37.80%。归属于上市公司股东 的净利润12.93亿元，同比增长45.71%。 ...

Group 1 - The company expects to achieve a net profit attributable to shareholders of approximately 75 million yuan for the first half of 2025, representing an increase of about 229.15% compared to the same period last year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 71 million yuan, reflecting a year-on-year increase of approximately 293.96% [1][2] - The significant increase in profit is attributed to the company's intensified market development efforts, resulting in an increase in project orders and substantial growth in operating revenue [2] Group 2 - The net profit attributable to shareholders for the first half of 2024 was 22.7857 million yuan, and the net profit after deducting non-recurring gains and losses was 18.0222 million yuan [2] - The earnings per share for the previous period was 0.012 yuan [2] - The performance forecast has not been audited by registered accountants [2]

Meeting Organization - The first extraordinary general meeting of shareholders for Shenneng Power will be held on July 21, 2025, at 14:30, with a combination of on-site and online voting methods [2][3] - The meeting will take place at the administrative center on Haiwei Road, Nantong City, Jiangsu Province [2][3] Meeting Procedures - Shareholders must present complete documentation to attend the meeting, and any disruptions to the meeting order will not be tolerated [1][2] - Each shareholder's speech or question should be concise, with a speaking time limit of three minutes [2][3] - Voting will occur after discussions, and results will be announced post-meeting [2][3] Agenda Items - The first agenda item involves the revision of the company's articles of association to enhance governance and operational standards [5][6] - Key revisions include changes to the company's registered capital and the removal of the supervisory board, transferring its powers to the audit committee of the board of directors [5][6][7] Legal Framework - The revisions are in accordance with the Company Law of the People's Republic of China, the Securities Law, and other relevant regulations [5][6] - The updated articles will serve as a binding document for the company, shareholders, and management, outlining rights and obligations [8][9] Shareholder Rights - Shareholders are entitled to dividends, voting rights, and the ability to propose questions or suggestions during meetings [16][17] - Shareholders holding more than 3% of shares for over 180 days can request access to the company's accounting records [17][18] Voting and Decision-Making - The company will ensure that all resolutions passed during the meeting comply with legal and regulatory requirements [18][19] - Any resolutions that violate laws or regulations can be challenged in court by shareholders [18][19]

保变电气（600550）公告，预计2025年半年度实现归属于母公司所有者的净利润为7500万元左右，同比 增加229.15%左右。预计2025年半年度归属于母公司所有者的扣除非经常性损益后的净利润为7100万元 左右，同比增加293.96%左右。 ...

Core Viewpoint - The strategic restructuring of ShuiFa Power aims to enhance the company's core competitiveness and align with national energy transition and industrial upgrading trends [4][5]. Group 1: Strategic Objectives - The meeting focused on the strategic integration and upgrading of ShuiFa Power's subsidiaries to strengthen its main responsibilities in power transmission and transformation [2][4]. - The restructuring is intended to consolidate dispersed resources and create a collaborative development framework, leading to a clear and complementary product system [4]. Group 2: Key Action Areas - The company will focus on six key areas to drive growth: 1. Market-driven growth by securing high-tech and high-value orders [5]. 2. Efficiency improvements through meticulous cost management and process optimization [5]. 3. Quality enhancement by embedding a "zero-defect" philosophy in all processes [5]. 4. Resource efficiency to ensure timely delivery of orders [5]. 5. Building a cohesive team environment with strong leadership [5]. 6. Maintaining discipline and safety to foster a clean and fair development atmosphere [5]. Group 3: Leadership and Commitment - The leadership emphasized the importance of aligning thoughts and actions with the group's strategic deployment to seize opportunities and tackle challenges [5]. - ShuiFa High-Tech, as the direct management platform, is committed to transforming integrated advantages into developmental strengths [5].

湖南大学电气与信息工程学院副院长、博士生导师黎富海对《证券日报》记者表示："'宁电入湘'打破 西部地区新能源发电产业的瓶颈，改变了'发得出、送不走、用不上'的局面，为后续新疆维吾尔自治 区、青海、甘肃等'沙戈荒'发电项目树立了标杆。从上游来看，新能源发电设备生产企业会加速生产， 助力西北新能源发电项目建设。从中游来看，输变电设备生产企业会紧紧跟随国家电网招投标脚步，助 力中西部电力通道建设。从下游来看，中部地区用电企业有望平稳迎峰度夏。企业借助绿电消费实现节 能减排，还可为工业碳配额交易创造空间。" 在"宁电入湘"的发电端上，突破瓶颈帮助企业显著减少"弃风弃光"，提升发电小时数和营收稳定性，大 大鼓舞了新能源发电设备生产企业的生产脚步。湖南能源集团有限公司携手三一重能股份有限公司在宁 夏回族自治区吴忠市红寺堡区推进300万千瓦风光基地项目，不仅带动光伏设备、风电设备需求，还带 动变压器、换流设备、储能系统、电池及集成商采购订单。湖南和宁夏回族自治区共建的新能源装备制 造产业园更吸引到多家上市公司的产业项目落地，形成本地化供应链，降低物流成本。 特变电工工作人员向《证券日报》记者表示："'宁电入湘'工程线路复杂 ...

安靠智电（300617）公告，公司控股子公司江苏安靠智能电站科技有限公司作为联合体牵头方与青海华 锐数据技术有限公司签署了青海海东绿算产业园110kV变电站EPC总承包合同，合同总价为3350万元， 约占公司2024年度经审计的营业收入的3.09%。合同预计竣工日期为2025年9月30日，总工期为80天。 合同如能顺利实施，将对公司本年度或未来的经营业绩产生积极影响。 ...

证券代码：002028 证券简称：思源电气 公告编号：2025-028 思源电气股份有限公司 关于公司 2023 年股票期权激励计划 第二个行权期行权条件成就的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。无董事不能保证公告内容真实、准确、完整。 思源电气股份有限公司（下称"公司"）2023年股票期权激励计划第二个行权期行权条 件已经满足，经公司第八届董事会第二十一次会议审议通过，公司本次激励计划涉及的446名 激励对象在第二个行权期可行权的股票期权数量为4,168,000份，现将相关事项公告如下： 一、已履行的相关程序 二、关于本次激励计划第二个行权期行权条件成就的说明 年股票期权激励计划（草案）>及其摘要的决议》、《关于公司<2023 年股票期权激励计划实 施考核管理办法>的决议》、《关于提请股东大会授权董事会办理股权激励相关事宜的决议》， 公司第七届监事会第二十次会议审议通过上述议案并发表同意的意见，公司独立董事发表了 独立意见。北京大成（上海）律师事务所出具了法律意见书。 权激励计划激励对象名单的公示》，对本次拟授予激励对象进行了公示。2023 ...