内容概要：随着中国电力行业的快速发展，玻璃绝缘子市场呈现出快速发展的态势。一方面，国内电力 基础设施建设的持续推进，为玻璃绝缘子市场提供了广阔的应用空间；另一方面，智能电网、新能源等 领域的快速发展，也为玻璃绝缘子市场带来了新的增长点。此外，随着技术的不断创新，玻璃绝缘子的 性能不断提升，其优异的绝缘性能和耐候性使其在电力输配领域的应用更加广泛，进一步推动了市场规 模的扩大。据统计，2024年中国玻璃绝缘子行业市场规模达到26.41亿元，与2023年相比增长2.56%。未 来，在国家政策的推动下，电力行业建设速度加快，特别是特高压的建设，对玻璃绝缘子的需求越来越 大。 关键词：玻璃绝缘子、绝缘子、投资额、市场规模、产量 一、玻璃绝缘子行业相关概述 绝缘子，作为电力系统中不可或缺的组成部分，主要起到电气绝缘和机械支撑的双重作用。它通常安装 在电力系统的不同点位，如导体之间或导体与接地构件之间，以确保电力传输的稳定性和安全性。绝缘 子的主要材料包括固体绝缘材料，如陶瓷、玻璃和复合材料等。 相关上市企业：金利华电（300069）、山东玻纤（605006）、南玻A（000012）、福耀玻璃 （600660）、北玻股份 ...

公司深度报告 | 大连电瓷 日期：2025 年 07 月 02 日 大连电瓷（002606.SZ）：百年砥砺前行，助 力能源互联新征程 ——公司深度报告 报告副标题 ⚫ 核心观点 瓷绝缘子行业龙头，海外订单表现优异。公司始创于 1915 年，2011 年在深交 所正式上市。公司绝缘子产品矩阵完善，满足多国家行业标准。2024 年公司实 现营业收入 14.96 亿元，实现归母净利润 2.11 亿元，同比+303.3%，利润显著 改善。公司 2024 年新签海外订单约 7 亿元，海外地区收入同比+133.82%。 绝缘子是电力输送重要部件，不同材料应用场景各异。绝缘子是安装在不同电 位的导体或导体与接地构件之间，能够耐受电压和机械应力作用的器件。瓷绝 缘子凭借其化学性能稳定、抗老化性能强、机械和电气性能稳定，广泛应用。 当前多因素促进国内特高压建设加速：1）国内累计用电量、电网投资额持续提 升；2）电力资源供需不匹配，风光大基地外送在即。瓷绝缘子采购金额占比过 半，2025 年 1-2 批材料+设备共计 18.59 亿元，瓷绝缘子/复合绝缘子/玻璃绝缘 子占比分别约 60%/16%/23%。 公司瓷绝缘子龙头稳固 ...

相关上市企业：大连电瓷（002606）、创元科技（000551）、金利华电（300069）、中国巨石 （600176）、中材科技（002080）、长海股份（300196）、国际复材（301526）、山东玻纤 （605006）、宏和科技（603256）、正威新材（000834）等。 内容概要：近年来，随着中国城镇化进程的加快以及电力基础设施升级的需求增加，对高效、可靠的绝 缘子产品需求不断上升。特别是高压输电线路和智能电网建设的加速推进，为悬式绝缘子市场提供了广 阔的增长空间。同时，技术的不断进步，使得悬式绝缘子产品能够适应更为严苛的环境条件，进一步拓 宽了产品的应用场景。此外，随着"一带一路"的深入实施，中国的电力设备和技术开始走向全国。这一 过程中，中国悬式绝缘子凭借其性价比优势，在国际市场上获得了更多份额，推动了市场规模的增长。 数据显示，2020-2022年中国悬式绝缘子行业市场规模持续上涨，到了2023年悬式绝缘子行业市场规模 同比下降25.85%，这主要受国内有效需求不足、市场竞争加剧影响。但2024年，得益于2023年特高压 主网投资的增长，中国悬式绝缘子行业市场规模有所恢复，达到41.34亿元， ...

证券代码：300069 证券简称：金利华电 金利华电气股份有限公司投资者关系活动记录表 | 投资者关系活动 | □特定对象调研□分析师会议 | | --- | --- | | 类别 | □媒体采访√业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 20 日 (周二) 下午 14:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事会秘书马晟 | | 员姓名 | 2、财务总监魏枫 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、公司玻璃绝缘子产品在市场上的占有率如何，较往年是 | | | 否有所变化，以及公司是通过哪些方式提升产品市占率的。 | | | 尊敬的投资者您好！关于公司玻璃绝缘子产品的市场表现， | | | 根据国家 ...

证券代码：002606 证券简称：大连电瓷 编号：2025-001 大连电瓷集团股份有限公司 投资者关系活动记录表 6.公司在绿色低碳发展方面有哪些具体的战略规划 和项目布局？ 答:尊敬的投资者您好，公司将积极应对"碳经济" 挑战，践行绿色低碳发展理念，完善"双碳" 政策体 系，加大环保投入，在国家政策指引下，为顺应市场需 求，公司对整体业务进行重塑，从传统信息化业务逐步 转型为集绿色、数字、低碳、智能为一体的业务形态， 为赋能传统工业化转型的需求为基准，依托大连电瓷江 西工厂项目，围绕绿色数字低碳智能的目标，推进公司 整体业务发展，为公司在该赛道上打下了良好的基础。 同时，公司将进一步明确在环境保护、社会责任和治理 方面的发展目标与实施路径，推进ESG体系建立，加大环 保投入，推动公司绿色工厂建设，提升员工环保意识、 培养低碳行为习惯等方式，将绿色低碳理念融入企业管 理和员工日常工作中，构建和谐的绿色企业生态。谢 谢！ 7.在市场开拓方面，除了巩固现有市场，公司是否 | 有进入新的细分市场的计划？ | | --- | | 答:尊敬的投资者您好，公司在国内市场中，主要依 | | 托国家电网、南方电网的电网线路 ...

Core Viewpoint - The development of ultra-high voltage (UHV) technology is crucial for seizing strategic opportunities in the energy transformation era, with Dalian Electric Porcelain emerging as a leader in this field due to its technological advantages and market share [1][2]. Industry Overview - The Chinese government has introduced multiple policies to promote UHV technology development, with a planned investment of nearly 3 trillion yuan during the 14th Five-Year Plan period, focusing on UHV projects [2]. - In 2023, the construction of UHV projects accelerated, with the total investment in power engineering reaching 1.78 trillion yuan, a year-on-year increase of 13.2%, marking the highest level in nearly a decade [2]. - By 2025, investments in UHV projects are expected to continue to grow, with State Grid's investment projected to exceed 650 billion yuan and Southern Grid's investment at 175 billion yuan, totaling 825 billion yuan [2]. Company Positioning - Dalian Electric Porcelain holds a nearly 50% market share in the UHV insulator sector, benefiting from over a century of technological accumulation and a strong position in high-end markets [3]. - The company has a significant presence in the production of suspension porcelain insulators, which account for approximately 80% of its revenue, and has achieved international leading standards in its products [3]. - In 2023, Dalian Electric Porcelain won 48.03% of the bids for UHV porcelain insulators from State Grid, significantly outpacing competitors [3]. Recent Developments - The company has recently entered the construction phase of the "Gansu-Zhejiang ±800 kV UHV DC Transmission Project," which is notable for being the world's first ±800 kV flexible DC project, addressing challenges related to renewable energy integration [4]. - Dalian Electric Porcelain's subsidiary has secured multiple contracts, including a project worth approximately 29.7 million yuan, which is expected to contribute about 35.38% to the company's 2023 revenue [3]. Global Expansion - Over the past 70 years, Dalian Electric Porcelain has expanded its global footprint, exporting products to over 100 countries and transitioning from product export to technology export [5]. - The company has adopted a dual strategy focusing on traditional markets and emerging regions, with significant orders from countries like Vietnam, Pakistan, and Saudi Arabia [5]. Financial Performance - In 2024, Dalian Electric Porcelain reported a record revenue of 1.496 billion yuan, a year-on-year increase of 78.21%, and a net profit of 211 million yuan, up 303.30% [6]. - The company’s first-quarter revenue for 2025 reached 224 million yuan, reflecting a 30.60% increase year-on-year, with a strong order backlog supporting future growth [6]. Risk Management - Dalian Electric Porcelain has established a robust risk management framework, with minimal exposure to U.S. tariffs due to its low business volume with the U.S. [7]. - The company is well-positioned to continue its growth trajectory as the new power system construction progresses [7].

Core Viewpoint - Dalian Electric Porcelain has achieved significant growth in revenue and profit, driven by domestic and international orders, high-value product ratios, and capacity release from its Jiangxi factory [2][3]. Group 1: Financial Performance - In 2024, the company reported total revenue of 1.496 billion yuan, a year-on-year increase of 78.21%, and a net profit attributable to shareholders of 211 million yuan, up 303.30% [2]. - For Q1 2025, the company achieved revenue of 224 million yuan, a 30.60% increase year-on-year, and a net profit of 20.2254 million yuan, growing by 86.35% [2]. Group 2: Market Expansion - Dalian Electric Porcelain has made significant strides in both domestic and international markets, securing key projects and orders worth 1.3 billion yuan in China and over 700 million yuan in international markets [3]. - The company has expanded its global influence, winning major contracts in countries such as Vietnam, Pakistan, and Saudi Arabia, while also gaining orders from the UK, Italy, Canada, Colombia, and Brazil [3]. Group 3: Capacity and Innovation - The company is enhancing its production capacity, with the Jiangxi factory achieving a monthly capacity of 4,000 tons and reaching breakeven in 2024 [5]. - Dalian Electric Porcelain has invested approximately 82.79 million yuan in R&D in 2024, a 41.05% increase, and has added 39 new intellectual property rights, including 5 invention patents [6]. Group 4: Industry Outlook - The global electricity consumption is projected to increase by nearly 1,100 terawatt-hours in 2024, with a year-on-year growth of 4.3%, creating opportunities for power equipment companies [3][5]. - The domestic high-voltage construction is accelerating, with total investments expected to reach 825 billion yuan in 2025, marking a new high in nearly a decade [5].