北交所信息更新 雅达股份（430556.BJ） 具备电力监控系统集成自主开发能力，2025Q1 营收同比+24% 2025 年 05 月 21 日 投资评级：增持（维持） | 日期 | 2025/5/20 | | --- | --- | | 当前股价(元) | 11.81 | | 一年最高最低(元) | 15.11/3.70 | | 总市值(亿元) | 19.05 | | 流通市值(亿元) | 13.96 | | 总股本(亿股) | 1.61 | | 流通股本(亿股) | 1.18 | | 近 3 个月换手率(%) | 526.19 | 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2025Q1 实现营收 0.76 亿元（+24.11%），归母净利润 623.02 万元（+28.44%） 2025 年一季度公司营业收入 7586.08 万元，同比增长 24.11%；归母净利润 623.02 万元，同比增长 28.44%，扣非归母净利润 566.18 万元，同比增长 47.35%。受行 业竞争加剧影响，我们下调 2025 和 2026 年盈利预测 ...

北交所信息更新 雅达股份（430556.BJ） 具备电力监控系统集成自主开发能力，2025Q1 营收同比+24% 2025 年 05 月 21 日 投资评级：增持（维持） 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2025Q1 实现营收 0.76 亿元（+24.11%），归母净利润 623.02 万元（+28.44%） 2025 年一季度公司营业收入 7586.08 万元，同比增长 24.11%；归母净利润 623.02 万元，同比增长 28.44%，扣非归母净利润 566.18 万元，同比增长 47.35%。受行 业竞争加剧影响，我们下调 2025 和 2026 年盈利预测，新增 2027 年盈利预测， 预计公司 2024-2026 年归母净利润分别为 0.34（原 0.46）/0.38（原 0.52）/0.44 亿元，对应 EPS 分别为 0.21/0.24/0.27 元/股，对应当前股价的 PE 分别为 56.4/49.7/43.4X，我们看好国家电网和南方电网加大投资+积极向数据中心领域拓 展为公司业务增长带来机遇，维持"增持"评级。 国家电网和南 ...

Market Overview - The multi-circuit power monitoring system market in China is projected to grow significantly from 2020 to 2031, with various product types and applications contributing to this growth [2][3]. - The market is segmented into centralized and distributed systems, with a comparative analysis of their scales from 2020 to 2024 and projected growth until 2031 [2][3]. Product Type Analysis - Different product types within the multi-circuit power monitoring system market are analyzed, including centralized and distributed systems, with a focus on their market sizes and growth rates [3][4]. - The report includes a comparison of market sizes for different product types in China for the years 2020, 2024, and 2031 [8][12]. Application Segmentation - The market is also segmented by application, including industrial, commercial, energy, and others, with a detailed comparison of market sizes from 2020 to 2024 and projections until 2031 [3][4]. - The report highlights the scale and market share of multi-circuit power monitoring systems across different applications in China [8][12]. Major Companies Analysis - Key players in the Chinese multi-circuit power monitoring system market are identified, including SOCOMEC, Schneider Electric, Siemens, ADTEK, and others, along with their market positions and competitive landscape [3][4]. - The report provides insights into the revenue and gross margins of these companies in the Chinese market from 2020 to 2025 [4][5]. Industry Concentration and Competition - The concentration and competitive intensity of the multi-circuit power monitoring system industry are analyzed, with a focus on the market share of the top five companies in 2024 [3][4]. - The report categorizes companies into first, second, and third tiers based on their market shares [3][4]. Investment and M&A Activities - Recent investment and merger and acquisition activities within the multi-circuit power monitoring system market are discussed, highlighting trends and opportunities for growth [3][4]. Supply Chain Analysis - The supply chain of the multi-circuit power monitoring system industry is examined, including key raw materials, procurement models, and sales strategies [3][4][5]. - The report outlines the major downstream customers and the overall industry chain dynamics [3][4].