行 业 电力设备及新能源行业 超配（维持） 电力设备及新能源行业双周报（2025/11/14-2025/11/27） 全国电源规模最大"沙戈荒"大基地项目开工 2025 年 11 月 28 日 投资要点： 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 1 周 报 分析师：刘兴文 SAC 执业证书编号： S0340522050001 电话：0769-22119416 行情回顾：截至2025年11月27日，近两周申万电力设备行业下跌10.21%， 跑输沪深300指数6.24个百分点，在申万31个行业中排名第31名；申万 电力设备行业本月下跌4.75%，跑输沪深300指数2.05个百分点，在申万 31个行业中排名第28名；申万电力设备板块年初至今上涨38.23%，跑赢 沪深300指数23.47个百分点，在申万31个行业中排名第5名。 邮箱： liuxingwen@dgzq.com.cn 截至2025年11月27日，近两周风电设备板块下跌4.29%，光伏设备板块 下跌9.98%，电网设备板块下跌11.12%，电机板 ...

证券之星消息，11月28日电机板块较上一交易日上涨0.71%，八方股份领涨。当日上证指数报收于 3888.6，上涨0.34%。深证成指报收于12984.08，上涨0.85%。电机板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300907 | 康平科技 | 31.42 | -10.07% | 7.50万 | 2.42亿 | | 300626 | 天瑞股股 | 14.92 | -4.05% | 30.16万 | 4.53 Z | | 002196 | 方正电机 | 13.33 | -2.20% | 72.60万 | 9.64亿 | | 300660 | 江苏音利 | 46.81 | -0.76% | 7.30万 | 3.40亿 | | 603350 | 安压 | 37.12 | 0.05% | 5585.12 | 2067.80万 | | 003021 | 兆威机电 | 104.96 | 0.22% | 2.70万 | 2.82亿 | | 002249 | 大洋电机 | 11 ...

板块方面，近20个交易日涨幅前五的板块为：医药商业涨6.65%、教育涨5.1%、石油加工贸易涨 4.83%、文化传媒涨4.71%、服装家纺涨4.5%；同期，跌幅前五的板块为：证券跌6.16%、电机跌 5.85%、自动化设备跌5.33%、汽车零部件跌5.07%、医疗服务跌4.58%。 格隆汇11月28日｜A股三大指数11月份收盘集体下跌，沪指跌1.67%报3888点，终结月线6连涨；深证成 指跌2.95%报12984点；创业板指跌4.23%报3052点；深证成指、创业板指均为连续第二个月下跌。11月 份，北证50指数大跌12.32%报1387点，科创50指数跌6.24%报1327点。 个股方面，11月涨幅前五的个股为：大鹏工业涨553.33%、丹娜生物涨378.07%、南网数字涨334.45%、 北矿检测涨264.63%、恒坤新材涨228.29%；同期，跌幅前五的个股为：禾元生物跌36.06%、*ST长药跌 31.96%、汇得科技跌31.47%、德固特跌29.26%、邦基科技跌26.96%。(格隆汇) ...

公开信息显示，成立于2006年的凌臣采集主要为客户提供各种测试测量、运动控制、机器视觉、机器人 等自动化设备的零部件和系统解决方案。目前，公司拥有2.5万平方米高标准生产厂房、研发办公楼。 2022年凌臣采集曾开启IPO辅导。 康平科技提供的财务数据显示，2025年1—9月凌臣采集实现营业收入3.94亿元，略高于2024年度全年， 实现净利润3167.87万元，不过经营活动产生的现金流量净额处于负值。经收益法评估，凌臣采集的股 东全部权益评估值，比审计后合并报表归属于母公司所有者权益增值150.78%。 交易后，凌臣采集将成为康平科技的控股子公司，并纳入公司合并报表范围。康平科技认为，本次交易 是公司围绕电机主业的有序布局，公司拟通过本次收购实现在智能制造领域的拓展，通过纳入具备智能 控制技术能力的优质资产，形成新的利润增长点，提升公司盈利能力和持续经营能力，并进一步发挥协 同效应。 在下游客户方面，康平科技认为，凌臣采集与公司客户互补，通过本次投资公司有望扩大电机产品在工 业机器人领域的应用，尤其是凌臣采集现有产品线中精密丝杠、直线电机等都与公司产品相互协同，同 时公司在电机行业的优势也能拓宽标的公司产品线 ...

Market Overview - The electric motor sector experienced a decline of 0.19% compared to the previous trading day, with Fangzheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Stock Performance - Huari Co., Ltd. (300626) saw a significant increase of 15.10%, closing at 15.55 with a trading volume of 414,000 shares and a transaction value of 638 million [1] - Fangzheng Electric (002196) led the decline with a drop of 3.95%, closing at 13.63 with a trading volume of 883,900 shares and a transaction value of 1.216 billion [2] - Other notable performers included Jiangnan Yifan (301023) with a 1.01% increase, closing at 37.00, and Dayang Electric (002249) with a 1.27% increase, closing at 11.18 [1][2] Capital Flow - The electric motor sector experienced a net outflow of 159 million from institutional investors, while retail investors saw a net inflow of 73.77 million [2] - Notable net inflows from retail investors were observed in stocks like Huari Co., Ltd. and Jiangnan Yifan, while Fangzheng Electric saw significant net outflows from both institutional and retail investors [3] Individual Stock Analysis - Huari Co., Ltd. had a net inflow of 77.76 million from institutional investors, but a net outflow of 24.47 million from retail investors [3] - Fangzheng Electric experienced a net outflow of 19.44 million from institutional investors, indicating a lack of confidence among larger investors [3] - Other stocks like Jiangte Electric (002176) and Zhongdian Electric (603988) also faced declines, with net outflows from institutional investors [2][3]

格隆汇11月26日｜大洋电机(002249.SZ)今日涨停，换手率9%，成交额17.5亿元。龙虎榜数据显示，深股通净卖出4340万元；游资"中山东路"位列买一席 位，净买入8059万元；"量化打板"位列买三、买五席位，净买入9425万元；"城管希"位列买四席位，净买入3837万元。上榜席位全天买入3.29亿元，卖出 2.09亿元，合计净买入1.2亿元。(格隆汇) | 序号 | | 交易营业部名称 | 买入金额(万) | 占总成交比例 | | --- | --- | --- | --- | --- | | | 深股通专用 | 770次 44.81% 2 | 6189.10 | 3.54% | | 2 | 机构专用 | 1611次 40.78% | 1928.19 | 1.10% | | 3 | 机构专用 | 1611次 40.78% | 1634.55 | 0.93% | | 4 | 机构专用 | 1611次 40.78% | 1820.92 | 1.04% | | 5 | 粤开证券股份有限公司辽宁分公司 | 次 好家 | 1.84 | 0.00% | | | (买入前5名与卖出前5名)总合计: | | 329 ...

Core Viewpoint - Dayang Electric experienced a trading halt with a daily turnover rate of 9.00%, a transaction amount of 1.75 billion, and a fluctuation of 10.51% [2] Trading Activity - The stock was listed on the Dragon and Tiger list due to a daily price deviation of 9.66%, with institutional net selling of 31.08 million and net selling from the Shenzhen Stock Connect of 43.40 million [2] - The top five trading departments accounted for a total transaction of 538 million, with a buying amount of 329 million and a selling amount of 209 million, resulting in a net buying of 12 million [2] - Among the trading departments, three institutional special seats were present, with a total buying amount of 53.84 million and a selling amount of 84.91 million, leading to a net selling of 31.08 million [2] Fund Flow - The stock saw a net inflow of 473 million from main funds today, with a significant single net inflow of 448 million and a large single net inflow of 2.55 million [3] - Over the past five days, the main fund net inflow totaled 270 million [3] - As of November 25, the margin trading balance was 1.29 billion, with a financing balance of 1.28 billion and a securities lending balance of 2.65 million [3] - In the last five days, the financing balance decreased by 88.14 million, a decline of 6.43%, while the securities lending balance increased by 233,700, an increase of 9.69% [3]

证券之星消息，11月26日电机板块较上一交易日上涨1.06%，大洋电机领涨。当日上证指数报收于 3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。电机板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002249 | 大洋电机 | 11.04 | 9.96% | 164.65万 | | 17.50亿 | | 002196 | 方正电机 | 14.19 | 6.37% | 142.58万 | | 19.78亿 | | 300907 | 康平科技 | 34.38 | 3.90% | 5.67万 | | 1.96 (Z | | 603988 | 中电电机 | 24.88 | 3.19% | 5.50万 | | 1.35亿 | | 920100 | 三协电机 | 60.96 | 1.18% | 1.43万 | | 8690.54万 | | 300660 | 江苏雷利 | 47.66 | 1.12% | 8.09万 | | 3.86亿 | ...

当日，由中国电子科技集团公司第二十一研究所主办的第二十九届中国(国际)小电机技术研讨会暨展览 会在上海新国际博览中心开幕。 11月25日，中国电子科技集团公司第二十一研究所研制的半人马机器人在展会现场进行演示。 ...

Core Insights - The electric motor sector experienced a rise of 0.51% on the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Electric Motor Sector Performance - Kangping Technology (300907) closed at 33.09, with a gain of 5.92% and a trading volume of 55,000 shares, amounting to a transaction value of 181 million yuan [1] - Bafang Technology (603489) closed at 31.53, up 4.09%, with a trading volume of 63,700 shares and a transaction value of 203 million yuan [1] - Other notable performers include: - Fangzheng Electric (002196): closed at 13.34, up 3.49%, with a transaction value of 934 million yuan [1] - Jiangte Electric (002176): closed at 10.32, up 2.79%, with a transaction value of 1.28 billion yuan [1] - Dayang Electric (002249): closed at 10.04, up 2.24%, with a transaction value of 802 million yuan [1] Fund Flow Analysis - The electric motor sector saw a net outflow of 177 million yuan from institutional investors, while retail investors contributed a net inflow of 56.86 million yuan [2] - Notable fund flows include: - Dayang Electric (002249): net inflow of 19.15 million yuan from institutional investors [3] - Jiangsu Fuli (300660): net inflow of 13.05 million yuan from institutional investors [3] - Kai Zhong Precision (002823): net inflow of 7.48 million yuan from institutional investors [3]