基于京联充专注智慧社区的定位，其市场优势需围绕社区场景的特殊需求展开。以下是针对性的核心优 势分析： 一、精准切入社区痛点，解决用户刚需 1、"回家即充"的便利性，覆盖居民夜间停车场景(22:00-次日8:00)，契合私家车6～8小时闲置时段，无 需专门寻找充电站。消除用户"里程焦虑"：每日补电保障通勤需求，尤其适合续航500km以下的主流电 动车(如比亚迪（002594）、五菱等)。 2、突破社区电力瓶颈，功率(7kW-22kW)对电网冲击小，能适配老小区电容有限的电路。通过智能负载 均衡技术，动态分配电力(如夜间优先充电)，避免跳闸。 二、低成本扩张与高粘性用户 轻资产部署，与物业合作分成，租金进驻(物业获充电服务费分成+管理费)复用现有车位，无需新建场 地。用户留存率高，绑定"家庭充电场景"，用户月均充电频次超20次(快充站用户平均＜4次)社区天然 流量，复购率＞80%。极低获客成本，地推直达车主：通过物业群、社区海报精准触达，成本＜10元/ 人(行业平均50-100元)。 2、防御性壁垒：排他性合作：与头部物业公司签订协议，锁定小区资源； 3、切换成本高：用户养成习惯后，竞品需付出3倍以上补贴才能争夺 ...

Core Viewpoint - The recent issuance of the "Notice on Promoting the Scientific Planning and Construction of High-Power Charging Facilities" sets a quantitative target for the construction of over 100,000 charging piles with a single-gun power of 250 kW or above by the end of 2027, emphasizing the upgrade of highway charging facilities and encouraging long-term leases for charging stations [1][2]. Group 1: Policy and Infrastructure Development - The "632 Document" is the first national policy to specify a target for high-power charging facilities, aiming for over 100,000 units by 2027, with a focus on upgrading facilities in high-usage scenarios like highways during peak travel periods [2]. - The document aims to integrate resources and set a unified expansion goal, proposing pathways for implementation that involve various stakeholders, including investors, power grids, land leasing, and charging equipment companies [2]. - The current charging infrastructure is primarily composed of slow private charging piles, with a noted insufficient penetration of fast charging stations as electric vehicle adoption accelerates [1][3]. Group 2: Market Trends and Demand - As of May 2025, the total number of charging piles in China reached 14.4 million, with a year-on-year growth of 45.1%, while public charging piles grew at a rate of 55.8% [3]. - High-power charging piles (≥240 kW) account for only 6.7% of the public charging market, indicating a low penetration of fast charging options [3]. - The demand for ultra-fast charging is increasing, driven by the introduction of high-voltage platforms and vehicles compatible with ultra-fast charging [4][5]. Group 3: Company Initiatives and Competitive Landscape - Automakers are actively building their own charging networks, with companies like Li Auto constructing 3,246 charging piles in June alone, while others like Tesla and NIO have established between 10,000 to 15,000 fast charging piles [5]. - Major players are competing in the high-power charging space, with BYD developing 1 MW ultra-fast charging stations capable of providing 400 km of range in just 5 minutes [5]. - The introduction of Tesla's V4 supercharging station, with a maximum charging power of 500 kW, highlights the competitive push towards faster charging solutions [5]. Group 4: Technical and Economic Considerations - Current high-power charging products predominantly use liquid cooling modules, which offer better stability and heat resistance compared to air-cooled modules, although they come with higher costs [6]. - The initial investment costs for ultra-fast charging stations are high, and the profitability remains a challenge due to rising land rental costs and expensive electrical equipment [8][9]. - The charging service fees are decreasing, making it increasingly difficult for public fast charging stations to achieve profitability, especially in prime locations [8][9].

2025.07.10 游资、私募都在用，投研神器，又稳又准。 解锁【第一财经——研报金选】 【 金 选 导 读 】 1、 四部门定调！2 0 2 7年大功率充电设施将超1 0万台，当前渗透率仅8 . 5% ，机构点名 看好这两家公司。 2、AI算力激增带火这一细分！复合增速45%，这些企业卡位千亿赛道（附标的池）。 1、充电桩｜ 四部门定调！2 0 2 7年大功率充电设施将超1 0万台，当前渗透率仅8 . 5% ，机 构点名看好这两家公司 * * * *认为大功率充电设施的加速渗透将为产业链带来业绩增量：制造端，大功率化对桩和 模块环节提出更高技术要求（包括功率密度、充放电效率、散热安全等），加速行业格局 优化，同时考虑国内价格战接近尾声+出海+大功率产品迭代，桩和模块龙头或将享受量利 齐升，推荐. . . . . . 点此解锁 相关受益标的 研报观点： ①在AI浪潮中，铜互连因其低成本和低功耗优势在短距离连接中份额提升. . . . . . 研报观点： ①四部门联合发布通知，明确未来大功率充电设施发展目标. . . . . . ②通知给予多方面的指引，为大功率充电设施发展铺平道路. . . . . . ③快 ...

日前，国家发展改革委办公厅、国家能源局综合司、工业和信息化部办公厅、交通运输部办公厅对外发 布《关于促进大功率充电设施科学规划建设的通知》(以下简称《通知》)，其中提出，到2027年底，力 争全国范围内大功率充电设施超过10万台，服务品质和技术应用实现迭代升级。 事实上，随着新能源汽车产业的快速发展，充电基础设施建设受到广泛关注。近年来，我国充电桩建设 加速推进。据中国充电联盟统计，截至2025年3月底，全国充电基础设施累计保有量达1374.9万台，同 比增长47.6%。其中，公共充电桩保有量为390.0万台，包含178.5万台直流充电桩与211.4万台交流充电 桩；随车配建充电桩保有量为984.9万台。 充电桩主要分为直流充电桩和交流充电桩两大类。大功率充电，通常指直流快充，功率一般超过 60kW，适用于车辆密集场所、充电站及高速服务区等。而交流桩则被称为慢充，功率不高于7kW，以 低成本、易安装等特点，广泛应用于居民社区和停车场。 "我国当前的充电桩市场呈现以慢充为主、快充渗透不足的格局。"国际智能运载科技协会秘书长张翔对 《证券日报》记者表示，"为进一步解决用户的续航焦虑，大力发展快充甚至超充是充电桩产 ...

Group 1: Macro Insights - The recent tariff increase by the US affects 14 countries, including Japan, South Korea, and ASEAN nations, with a significant adjustment in tariffs on Vietnam to 20% and 40% on transshipment trade [2] - The overall US tariff level is expected to remain between 15-20%, while tariffs on China are likely to stay between 30-40%, with a stronger focus on specific categories [2] Group 2: Market Trends - The market is currently in a volatile phase, with structural highlights present but facing resistance; trading funds remain active, while foreign passive allocation shows significant inflows [3] - The net outflow of broad-based ETFs reached a new high since March, indicating potential market instability [3] Group 3: Fixed Income and Asset Correlation - Changes in global order have altered asset pricing logic, leading to a unique positive correlation between US stocks, the dollar, and bonds, resulting in increased volatility [4] - The domestic stock-bond negative correlation provides a favorable environment for diversified asset allocation [4] Group 4: Machinery Industry - Excavator sales in June reached 18,800 units, a year-on-year increase of 13.3%, with exports growing by 19% [5] - The growth in second-hand excavator exports is expected to stimulate domestic replacement demand, benefiting leading companies in the sector [5] Group 5: Agriculture Sector - The "anti-involution" policy in the pig farming industry is expected to release inventory and positively impact pig prices in the autumn and winter seasons [7] - Major pig farming companies are adjusting their production strategies, which may enhance overall profitability in the long term [7] Group 6: Chemical and Oil Industry - The capital expenditure growth rate in the chemical and oil sector is declining, indicating a potential turning point in industry prosperity [9] - The demand recovery in downstream chemical products is anticipated alongside a reduction in capital expenditure, which may lead to a recovery in the second half of 2025 [9] Group 7: Telecommunications Industry - The global telecommunications industry is experiencing steady growth, driven by demand in emerging markets and increasing ARPU in North America [10] - The integration of AI technologies is expected to bring transformative opportunities to the telecommunications sector [10] Group 8: Electric Power and New Energy - The recent policy from the National Development and Reform Commission aims to promote the construction of high-power charging facilities, which is expected to enhance the profitability of equipment manufacturers [11] - The goal is to have over 100,000 high-power charging facilities nationwide by the end of 2027, indicating strong policy support for the sector [11] Group 9: Company Performance - Shengquan Group expects a net profit of 491-513 million yuan for the first half of 2025, reflecting a year-on-year increase of 48%-55% [12] - Industrial Fulian anticipates a net profit of 11.958-12.158 billion yuan for the first half of 2025, marking a growth of 36.84%-39.12% [14]

证券代码：300376 证券简称：ST 易事特 2025 年 7 月 8 日 易事特集团股份有限公司 投资者关系活动记录表 编号：2025-002 投资者关系活 动类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 及人员姓名 浙商证券 童非、夏伟耀 时间 2025 年 7 月 8 日 地点 广东省东莞市松山湖高新技术产业开发区总部五路1号公司会议室 上市公司接待 人员姓名 董事会秘书 董志刚 证券事务代表 温凯、石雅芳 证券事务主管 王 皓 投资者关系活 动主要内容介 绍 公司董事会秘书董志刚先生、证券事务代表温凯先生、石雅芳 女士、证券事务主管王皓先生通过线上会议的形式向调研嘉宾介绍 了公司的基本情况、最新业务进展及未来发展方向，并与投资者就 公司相关情况展开了详细沟通与交流。 一、投资者交流情况主要内容如下： 1、公司在混合所有制改革引入国有资产之后的变化有哪些？ 答：2020 年，公司第一大股东扬州东方集团向广东省属国资广 东恒健投资控股有限公司旗下广东恒锐股权投资合伙企业（有限合 伙）转让持有的 18%股份并放弃其剩余股份表决权， ...

证券研究报告 电力设备与新能源 根据中国充电联盟，25 年 1-5 月我国新增充电桩 158.3 万台（同比+19%）， 其中公用桩 50.4 万台（同比+56%），私用桩 158.3 万台（同比+19%）； 公用桩当中，新增直流桩 25.2 万台（同比+75%），新增交流桩 25.1 万台 （同比+39%）。截至 25 年 5 月直流桩保有量口径下，功率小于等于 120kW 的直流桩仍为主流（占比达67.8%），功率大于240kW的直流桩占比达8.5%， 仍有较大的提升空间。我们认为随着快充的逐步渗透，充电桩将逐步从交流 桩向直流桩渗透，直流桩也将从小功率向大功率迈进，我们预计大功率直流 桩及其产业链的需求增速或将显著高于行业。 充电设施大功率化利好制造端格局优化，提升运营龙头盈利能力 大功率充电桩产业链迎来政策催化 华泰研究 2025 年 7 月 08 日│中国内地 动态点评 四部门联合发布通知，明确未来大功率充电设施发展目标 7 月 7 日，国家发改委等四部门印发《关于促进大功率充电设施科学规划建 设的通知》，通知指出各省市要适时制定大功率充电设施专项规划，加强大 功率充电设施专项规划统筹，到 2027 ...

重要程度：★★★★★ 中国人民银行发布的最新数据显示，6月末黄金储备为7390万盎司，较5月末的7383万盎司增加7万盎司。 这意味着，自从去年11月以来，中国央行已经连续第八个月增持了黄金。 中航期货汪楠在研报中指出，展望下半年，在美国关税威胁、赤字扩张削弱美元资产吸引力，海外降息周 期和全球央行延续购金的背景下，黄金价格中枢上移，下半年美联储降息预期增强，黄金有望延续利率逻 辑再度冲高。 2、特朗普威胁对金砖国家加征10%新关税 中方回应 重要程度：★★★★ 7月7日，外交部发言人毛宁主持例行记者会。法新社提问，金砖国家峰会将于今天闭幕，昨天，美国总统 特朗普批评金砖国家推行反美政策，并威胁对其成员国加征10%的新关税，请问中方对此有何评论? 毛宁表示，金砖机制是新兴市场和发展中国家合作的重要平台，倡导开放包容，合作共赢，不搞阵营对 抗，不针对任何国家。关于加征关税，中方已经多次阐明了立场，贸易战、关税战没有赢家，保护主义没 有出路。 1、央行"八连增"黄金，下半年金价走势还乐观吗？机构研判后市 3、充电桩投资来了？四部门剑指"大功率" 产业链价值量有望提升 重要程度：★★★★ 7月7日，充电桩概念走强， ...

Core Insights - The A-share market saw a significant rise in charging pile concept stocks following the release of a government notice aimed at optimizing the construction of high-power charging infrastructure in China [1][2] - The notice outlines nine measures to enhance the layout and quality of charging facilities, addressing issues such as uneven development and user experience [2][4] Group 1: Industry Growth and Infrastructure Development - As of March 2025, China's charging infrastructure is projected to reach 13.749 million units, a year-on-year increase of 47.6%, with public charging facilities accounting for 3.9 million units [2] - The notice aims for over 100,000 high-power charging facilities nationwide by the end of 2027, with a focus on improving service quality and technology application [3][4] - The current public charging infrastructure includes 4.083 million public charging piles, with a 33.9% year-on-year growth [3] Group 2: Operational Management and Investment - The notice emphasizes the need for better management of high-power charging facilities, including the establishment of intelligent operation and maintenance platforms to enhance monitoring and fault handling capabilities [4][5] - It encourages long-term leasing agreements and financial support mechanisms to address challenges such as high costs and long investment recovery periods in the charging industry [4][5] Group 3: Technological Advancements and Challenges - The industry is experiencing a shift towards higher power charging technologies, with a focus on 250kW and above charging facilities, although the current utilization rates indicate room for improvement [3][6] - The integration of high-power charging facilities with the power grid is crucial, with the notice calling for research on the impact of charging loads on regional distribution systems [7] - Challenges remain in the economic viability of ultra-fast charging stations, with operators reporting low utilization rates and high equipment costs [6][7]

两大板块，突然异动！ 上述政策文件公开后，A股充电桩概念股集体异动，奥特迅在5分钟内直线拉升至涨停板，双杰电气、永贵电器、百利电气等纷纷跟 涨。 | | ■ 分时 1分钟 5分钟 15分钟 更多 > | | 竟价 叠加 重播 统计 | 画线 F10 标记 +自选 返回 | | | 奥特迅002227 | | | | | 电气设备 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 14.53 | 奥 特 迅 分时 成交量 | | | 涨跌停分析 | ® □ | 9.99% | | 14.53 1.32 9.99% | | | | -0.06% | | 14.34 | | | | | | 8.56% | 来 | | 英 | 首 | | 행 | | 14.15 | | | | | | 7.14% | 英五 | | | | | | | 13.96 | | | | | | 5.71% | 交 | | | | | | | 13.78 | | | | | | 4.28% | | | | | | | | 13 ...