创新是企业高质量发展的源泉。近年来，许继电气推动创新驱动发展和知识产权战略实施，先后获得授 权专利3000余项，完成国际标准制定与修订40多项、国家及行业标准制定与修订200多项，其中直流电 网控保、磁控开关、新一代配电主站等一大批成果达到国际领先或先进水平，换流阀等产品跻身行业单 项冠军行列，为"中国制造"写下浓墨重彩的一笔。（记者 王平 通讯员 陈雨菲 杨昊天） 责任编辑： 王靖 这套"电力大脑"藏着不少"黑科技"：许继100%自主可控嵌入式操作系统，从代码层筑牢安全防线；低 功耗抗干扰设计，极端工作情况下性能稳定；利用既有数据网组网，不铺新光纤也能高效传输；智能运 维全程自动化，故障处理更省心。 沪渝蓉高铁是国家"八纵八横"高铁网沿江通道的重要组成部分，其中武宜段全长313公里，设计时速350 公里。此次技术突破不仅为这项超级工程的开通运营保驾护航，更标志着我国高铁智能牵引供电技术跃 居世界前列。 8月19日，记者从许继电气股份有限公司获悉，由该公司研发的TA21/I智能广域保护测控系统近日在沪 渝蓉高铁武宜段试验成功，为高铁电力系统运营加上"秒级自愈"的"保护罩"。 据介绍，此次试验在模拟多种供电方式 ...

融券方面，当日融券卖出0.31万股，净卖出0.29万股。 8月22日，沪深两融数据显示，海兴电力获融资买入额0.11亿元，居两市第1471位，当日融资偿还额0.14 亿元，净卖出320.66万元。 最近三个交易日，20日-22日，海兴电力分别获融资买入0.10亿元、0.12亿元、0.11亿元。 ...

Group 1 - The stock price of Guodian Nanzi experienced fluctuations on August 22, closing at 10.55 yuan, a decrease of 0.47% compared to the previous trading day [1] - During the trading session, there was a rapid rebound, with the stock price reaching 10.59 yuan at 1:27 PM, showing an increase of over 2% within 5 minutes, with a transaction volume of 4.41 billion yuan [1] - Guodian Nanzi's main business includes the research, production, and sales of power automation equipment and renewable energy equipment, which are widely used in power grid construction, power generation, and rail transit sectors [1] Group 2 - On August 22, Guodian Nanzi experienced a net outflow of 66.14 million yuan in main funds, accounting for 0.62% of its circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds reached 119.15 million yuan, representing 1.12% of its circulating market value [1]

格隆汇8月22日丨东方电子(000682.SZ)公布2025年半年度报告，上半年公司实现营业收入31.62亿元，同 比增长12.18%；归属于上市公司股东的净利润3.02亿元，同比增长19.65%；归属于上市公司股东的扣除 非经常性损益的净利润2.95亿元，同比增长24.88%；基本每股收益0.2255元；拟向全体股东每10股派发 现金红利0.37元(含税)。 ...

Summary of Haixing Electric's Conference Call Company Overview - **Company**: Haixing Electric - **Date**: August 19, 2025 Key Points Financial Performance - Revenue decreased by 14.67% year-on-year to 1.923 billion yuan, while net profit fell by 25.74% to 395 million yuan [2][3][18] - Domestic market revenue declined by approximately 20%, primarily due to slow contract fulfillment [2][11] - Overseas market revenue decreased by about 10%, affected by project delays in Bangladesh and Africa, although Europe and Latin America saw growth [2][11][16] Business Development - **Smart Distribution**: - Focus on global layout and localized operations, with a central research institute established to accelerate product development [2][4] - Employee count increased from 2,600 to 3,100, with an additional 200 hires by June 2025 [4][21] - **New Energy**: - Significant growth in the first half of 2025, driven by increased demand for overseas commercial photovoltaic projects and microgrid solutions [2][8] - Collaboration with domestic EV manufacturers to expand charging station business [2][8][32] Market Trends - The bidding model reform in the distribution network sector is favorable for Haixing Electric, with successful bids totaling 149 million yuan for integrated products [2][12] - New business developments include establishing smart water meter production lines in Brazil and South Africa, with overseas contracts exceeding 100 million yuan [2][6] Strategic Initiatives - Establishment of an 800 million yuan industrial fund with CICC to invest in new energy, energy algorithms, IoT technologies, and smart manufacturing [4][17] - Transitioning from traditional manufacturing to a system solution provider, focusing on green electricity and clean water sectors [4][25][26] Future Outlook - Anticipated gradual revenue increase in the second half of 2025 from new energy business, despite current pressures from slow order fulfillment [9][15] - Continued focus on expanding overseas markets, particularly in regions like Indonesia, which has significant renewable energy plans [10][15] Challenges and Risks - The company faces intensified competition both domestically and internationally, necessitating proactive investments and structural optimization [3][11] - Delays in project deliveries in key markets like Bangladesh and Africa could impact revenue recovery [11][14][35] Operational Insights - The company’s inventory management is healthy, with a focus on production based on confirmed orders [19][20] - Increased operational costs due to hiring more sales and R&D personnel, which may take time to translate into revenue growth [21][22] Competitive Advantages - Haixing Electric's competitive edge lies in its differentiated strategy, extensive global presence, and strong system solution capabilities [24][26] - The company aims to leverage emerging technologies and market trends, such as Web 3.0, to enhance its service offerings and operational efficiency [27][28] Conclusion - Haixing Electric is navigating a challenging market environment with strategic investments and a focus on innovation, positioning itself for future growth in both domestic and international markets [15][25]

Performance Forecast - The company expects a net profit attributable to shareholders of 166 million to 198 million yuan for the current reporting period, representing a significant increase of 502.09% to 579.60% compared to a loss of 41.2841 million yuan in the same period last year [1] - The expected profit after deducting non-recurring gains and losses is projected to be between 71 million and 87 million yuan, compared to 60.662 million yuan in the previous year, indicating a growth of 17.04% to 43.42% [1] - The basic earnings per share are anticipated to be between 0.1990 yuan and 0.2374 yuan, compared to a loss of 0.0495 yuan per share in the previous year [1] Reasons for Performance Change - The substantial increase in net profit is primarily attributed to non-recurring gains, with an impact amounting to 95 million to 111 million yuan, compared to a loss of 101.9461 million yuan in the previous year. This increase is mainly due to higher investment income from financial products and gains from changes in the fair value of trading financial assets [1][2]

Core Viewpoint - The company has approved the list of incentive recipients for the 2024 restricted stock incentive plan, confirming compliance with relevant regulations and internal procedures [1][2][3] Group 1: Public Disclosure and Verification - The company publicly disclosed the list of proposed incentive recipients on June 21, 2025, on the Shanghai Stock Exchange website, allowing a 10-day period for employee feedback [1] - No objections were raised by employees during the public comment period [2] Group 2: Supervisory Board Review - The supervisory board verified the qualifications of the proposed incentive recipients, ensuring they meet the legal and regulatory requirements as well as the company's internal guidelines [2][3] - The proposed recipients include key technical personnel and others deemed necessary for motivation, excluding independent directors and supervisors [2][3]

Core Viewpoint - The company has announced an adjustment to the grant price of the restricted stock incentive plan for 2024, reducing it from 6.00 yuan per share to 5.85 yuan per share due to dividend distributions [4][5]. Group 1: Decision Process and Disclosure - The board of directors and the supervisory board have approved the adjustment of the grant price for the restricted stock incentive plan during their respective meetings [1][3]. - The company has complied with the necessary decision-making procedures and disclosed relevant information as per regulations [1][2]. Group 2: Reasons for Adjustment and Results - The adjustment was necessitated by the implementation of cash dividends of 0.05 yuan and 0.10 yuan per share, leading to a virtual dividend distribution of approximately 0.04939 yuan and 0.09879 yuan per share [4]. - The adjusted grant price formula is P = P0 - V, where P0 is the original grant price and V is the dividend amount [4]. Group 3: Impact of Adjustment - The adjustment of the grant price is in accordance with relevant laws and regulations and will not materially affect the company's financial status or operational results [4]. - The supervisory board has confirmed that the adjustment does not harm the interests of the company or its shareholders [4]. Group 4: Legal Opinion - The legal opinion confirms that the adjustment has received the necessary approvals and complies with the company's incentive plan and relevant regulations [5].

Meeting Overview - The first temporary meeting of the fourth Supervisory Board of Shandong Kehui Power Automation Co., Ltd. was held on June 20, 2025, with all three supervisors present [1][2]. Resolutions Passed - The Supervisory Board approved the adjustment of the grant price for the 2024 restricted stock incentive plan from 6.00 yuan per share to 5.85 yuan per share, stating that the adjustment complies with relevant laws and regulations [1][2]. - The board verified the list of candidates for the 2024 restricted stock incentive plan, confirming that all candidates meet the qualifications as per the Company Law and other regulations [2][3]. - The board agreed to grant 190,000 shares of restricted stock to the incentive objects, stating that the conditions for granting have been met [3]. - The board approved the cancellation of part of the reserved restricted stock under the 2024 incentive plan, affirming that this action does not harm shareholder interests [4]. - The board agreed to postpone certain fundraising projects, indicating that this decision is based on the actual implementation of the projects and does not change the intended use of the raised funds [4].

Core Viewpoint - The company, Shandong Kehui Power Automation Co., Ltd., has announced a share repurchase plan aimed at implementing employee stock ownership plans and/or equity incentives, with a total repurchase amount expected to be between RMB 9 million and RMB 16 million [1][2]. Summary by Sections Share Repurchase Basic Information - The share repurchase plan was proposed by the chairman and disclosed on April 30, 2025, with an implementation period from April 29, 2025, to April 28, 2026 [1]. - The repurchase will utilize self-owned funds or special loans through the Shanghai Stock Exchange, with a maximum repurchase price set at RMB 17.00 per share [1]. - The total amount for the repurchase is expected to be no less than RMB 9 million and no more than RMB 16 million [1]. Progress of Share Repurchase - As of the announcement, the company has repurchased a total of 199,300 shares, accounting for 0.1904% of the total share capital of 104,670,000 shares [2]. - The total amount spent on the repurchase so far is RMB 2,670,891.80, with the highest transaction price being RMB 13.46 per share and the lowest at RMB 13.30 per share [2]. Other Matters - The company will adhere to relevant regulations during the repurchase period and will make decisions based on market conditions, ensuring timely disclosure of progress to investors [3].