点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件： 2025年1-2月 电力设备出口数据发布。 变压器：1-2月出口亚洲、欧洲、北美和南美同比增速较快 2025年1-2月，总出口金额83亿元，同比+48.0%；2月出口35亿元，同比+47.8%，环比-26.0%。1-2月大中 小三种类型变压器出口金额分别为32、33、18亿元，同比增速分别为+74.3%、+62.1%、+2.9%。 2025年1-2月，大中型变压器（电力电网级）出口金额合计66亿元，同比+67.9%；2月出口28亿元，同比 +63.5%，环比-24.8%。其中，1-2月出口亚洲、非洲、欧洲、北美洲、南美洲、大洋洲的金额分别为 28.7 、 5.4 、 15.9 、 6.9 、 7.1 、 1.5 亿 元 ...

青岛汇金通电力设备股份有限公司 根据中国证监会《上市公司治理准则》 《上海证券交易所股票上市规则》 《上 海证券交易所上市公司自律监管指引第 1 号--规范运作》等法律法规，以及《青 岛汇金通电力设备股份有限公司章程》和《青岛汇金通电力设备股份有限公司董 事会审计委员会实施细则》的有关规定，青岛汇金通电力设备股份有限公司（以 下简称"公司"）董事会审计委员会在 2024 年度勤勉尽责，认真履职，现将履 职情况报告如下： 一、公司董事会审计委员会基本情况 公司第四届董事会审计委员会由独立董事张海霞、独立董事黄镔、董事李京 霖组成，其中会计专业人士张海霞担任主任委员。 汇金通: 汇金通2024年度董事会审计委员会履职情 况报告 公司代码：603577 公司简称：汇金通 五届董事会，同日召开的第五届董事会第一次会议，选举独立董事张海霞、独立 董事雷志卫、董事李京霖为公司第五届董事会审计委员会委员，其中会计专业人 士张海霞为主任委员。 公司现任审计委员会成员简历如下： 张海霞，1973年出生，中国国籍，博士研究生学历，博士学位，注册会计师， 拥有希腊永久居留权。曾任上海立信会计学院副教授，摩恩电气股份有限公司财 务经 ...

Financial Data and Key Indicators Changes - The macroeconomic environment remains weak, with demand continuing to show signs of fatigue and supply also weakening, as indicated by various operational metrics [6][7][39] - CPI has risen for the first time in three months, suggesting potential inflationary pressures, while PPI remains flat, indicating ongoing economic challenges [9][17] Business Line Data and Key Indicators Changes - The automotive sector shows signs of recovery, with July retail sales down only 0.3% year-on-year compared to a 7.4% decline in June, indicating a potential turnaround [6] - The construction sector is expected to benefit from increased government spending and infrastructure projects, with a focus on accelerating the issuance of special bonds [39][40] Market Data and Key Indicators Changes - The real estate market is experiencing a downturn, with significant declines in new and second-hand home sales across major cities [6] - The coal sector is facing mixed signals, with domestic production and demand dynamics influencing price stability [32] Company Strategy and Development Direction and Industry Competition - Companies in the construction sector are advised to focus on stable cash flows and dividend potential, with recommendations for firms like China State Construction and China Railway Construction [40] - The automotive industry is witnessing a shift towards smart and globalized strategies, with leading companies like BYD and Changan expected to capitalize on these trends [20][30] Management's Comments on Operating Environment and Future Outlook - Management expresses concerns over external economic pressures and the need for effective policy measures to stimulate growth, particularly in the context of ongoing geopolitical tensions [7][9] - The outlook for the construction sector is cautiously optimistic, with expectations for improved performance in the second half of the year driven by government initiatives [39][40] Other Important Information - The central bank's monetary policy is expected to remain flexible and supportive, with potential adjustments to interest rates and liquidity measures to bolster economic recovery [15][17] - The agricultural sector is seeing positive developments due to supportive policies for biotechnology and seed industry consolidation, which may enhance growth prospects [34][35] Q&A Session Summary Question: What are the expectations for the automotive sector in the second half of 2024? - The automotive sector is expected to benefit from the effects of the vehicle replacement policy and increasing demand for smart vehicles, with leading companies positioned to capture market share [20][30] Question: How is the construction sector expected to perform in the coming months? - The construction sector is anticipated to see a boost from government spending and infrastructure projects, with a focus on accelerating the issuance of special bonds to support growth [39][40]