据悉，在当前资本市场深化改革的背景下，深交所持续优化发行上市审核机制，积极支持符合国家战 略、具备核心竞争力的优质企业登陆资本市场。在深交所"严监快审"原则之下，南网数字的高效过会， 得益于其深厚的业务根基与清晰的战略定位。 深交所曾公开表示，通过完善的审核机制实现优质企业与资本市场的高效对接，以及对"三创四新"企业 的精准支持，为行业龙头企业利用资本平台发展注入动能。 作为南方电网孵化的专业数字化企业，南网数字的业务涵盖电网数字化、企业数字化及数字基础设施三 大板块，在数字电网和能源智能化领域拥有核心技术。其显著的行业地位与成长潜力，符合创业板"三 创四新"的定位，是其在当前趋严的监管环境下仍能获得监管认可与市场青睐的关键。 业内人士指出，南网数字创业板IPO成功过会，一方面体现了优质企业在应对"严监快审"新态势下的强 大适应能力，另一方面也彰显了深交所响应资本市场深化改革要求，精准支持符合国家战略的龙头企 业，实现优质资源与资本市场高效对接的监管实效。(文穗) 作为能源数字化领域的代表性企业，南网数字技术实力与业务成长性为其IPO顺利过会提供了有力支 撑。目前，公司在数字电网、能源智能化等关键领域已具备核 ...

南网数字的快速过会也离不开深交所对"三创四新"企业的精准支持。在当前资本市场深化改革的背景 下，深交所持续优化发行上市审核机制，积极支持符合国家战略、具备核心竞争力的优质企业登陆资本 市场，通过完善的审核机制实现优质企业与资本市场的高效对接，助力企业利用资本平台获得发展动 能。 业内人士指出，南网数字IPO极具标杆意义。它一方面体现了优质企业在应对"严监快审"新态势下的强 大适应能力；另一方面，彰显了深交所响应资本市场深化改革要求，精准支持符合国家战略的龙头企 业，实现优质资源与资本市场高效对接的监管实效。此次IPO不仅将助力南网数字强化研发、拓展布 局，也对推动能源产业数字化升级、服务国家"双碳"目标具有积极影响。 作为南方电网孵化的专业数字化企业，南网数字业务涵盖电网数字化、企业数字化及数字基础设施三大 板块，在数字电网和能源智能化领域拥有核心技术。其显著的行业地位与成长潜力，符合创业板"三创 四新"的定位，是其在当前趋严的监管环境下仍能获得监管认可与市场青睐的关键。 据悉，在监管趋严、上市标准提高的市场环境下，南网数字主动提高规范标准，扎实做好申报准备。面 临回复时间紧、业财法核查要求高等多重压力，公司 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 时娜）深交所官网披露，南方电网数字电网研究院股份有限公司（下称"南网数字"）IPO申请已在近日召开的深交所上市委会议 中获审议通过。 南网数字IPO申请于2025年6月27日获受理，9月26日成功过会，从受理到过会仅用时91天。其高效过会，得益于其深厚的业务根基与清晰的战略定位，也离 不开深交所对"三创四新"企业的精准支持。 根据招股书，作为南方电网孵化的专业数字化企业，南网数字业务涵盖电网数字化、企业数字化及数字基础设施三大板块，在数字电网和能源智能化领域拥 有核心技术。有行业分析人士认为，南网数字显著的行业地位与成长潜力，符合创业板"三创四新"的定位，是其在当前趋严的监管环境下仍能获得监管认可 与市场青睐的关键。 在当前资本市场深化改革的背景下，深交所持续优化发行上市审核机制，积极支持符合国家战略、具备核心竞争力的优质企业登陆资本市场。深交所通过完 善的审核机制实现优质企业与资本市场的高效对接，为行业龙头利用资本平台发展注入动能。 据了解，在监管趋严、上市标准提高的市场环境下，南网数字的快速过会，与其主动提高规范标准，扎实做好申报准备有关。面临回复时 ...

Group 1: JAKA Robotics - JAKA Robotics will debut the JAKA EVO industrial embodied intelligence platform at the 2025 China International Industrial Fair, which has been nominated for the fair's awards [3][5] - The JAKA EVO platform addresses multiple industry pain points and enhances efficiency across the entire process from task development to actual operation, marking a shift from "catching up" to "leading" in the industrial embodied intelligence sector [5][6] - The platform has been applied in key industries such as automotive and 3C, improving precision in automotive parts assembly and enabling autonomous recognition and efficient operation in dynamic environments for 3C product quality inspection and logistics sorting [5][6] Group 2: CGN Digital Technology - CGN Digital Technology will showcase its core products and solutions at the "Smart Energy Exhibition" during the fair, including China's first self-developed nuclear-grade digital control platform, the "Hemu System" [8][9] - The "Hemu System" acts as the "brain" and "nerve center" of nuclear power plants, controlling hundreds of systems and thousands of devices, ensuring the safe and stable operation of nuclear reactors [9][10] - CGN Digital Technology is also presenting other products such as the non-nuclear digital control platform SH_N and the "Hemu Changfeng" wind turbine controller, which is the only product in China to achieve dual applications for offshore and onshore high-power units [10]

Group 1 - The core viewpoint of the article highlights that Nengchain has made its debut in the "Top 500 Private Enterprises in China" list, showcasing its leading position in the energy digitalization sector [1][2] - Nengchain's inclusion in the list is seen as a significant milestone in its development journey, reflecting national recognition of its business model and growth potential in the energy digitalization field [1] - The "Top 500 Private Enterprises in China" list, initiated by the All-China Federation of Industry and Commerce, serves as a key indicator of the development level of China's private economy, with rigorous data and fair evaluation [1] Group 2 - The entry threshold for the 500 strong private enterprises has increased to 27.023 billion yuan, with a total revenue of 4.305 trillion yuan, demonstrating the resilience and innovative vitality of China's private economy [2] - The rise in the proportion of digital service providers and AI service providers in this year's list reflects the new trend of deep integration of digital and intelligent economies across various industries in China [2] - Nengchain's inclusion fills a gap for internet companies in the energy sector within the top rankings, indicating a growing recognition of the importance of digitalization in the energy industry [2]

Group 1: Company Insights - Nord Fund recently conducted research on five listed companies, including Taicheng Light, Shengyi Electronics, G-bits, Desay SV, and Longxin Group [1] - Taicheng Light's main business is passive optical devices, with over 90% revenue share and a gross margin of around 30%. The company is expanding MT connector capacity and has established a close supply relationship with its largest customer [1] - Shengyi Electronics reported a 91% increase in revenue and a 452% increase in net profit for the first half of 2025, driven by optimizing product structure and increasing high-value product share [2] - G-bits is focusing on user-driven innovation in game development, with successful titles like "Zhang Jian Chuan Shuo" and "Dao You Lai Wa Bao" showing promising early performance [3] - Desay SV achieved a revenue of 14.644 billion yuan, a 25.25% year-on-year increase, with a net profit of 1.223 billion yuan, up 45.82%. The company is expanding its overseas operations and focusing on smart driving and cockpit businesses [4] - Longxin Group's energy digitalization business generated approximately 470 million yuan in revenue, with a 10% year-on-year growth in energy internet business. The company is actively developing its charging platform and virtual power plant projects [5] Group 2: Market Trends - The telecommunications sector is seeing growth in high-speed switching markets, with Shengyi Electronics advancing in 800G and 224G product development [2] - The gaming industry is experiencing diverse demands, with G-bits adapting its strategies to focus on user needs and optimizing its product offerings [3] - The smart driving and cockpit sectors are expanding, with Desay SV leading in market share for domestic auxiliary driving domain controllers [4] - The energy sector is witnessing accelerated investment in new power systems, with Longxin Group's initiatives in distributed photovoltaic and energy trading showing significant growth [5]

Core Insights - The company Yuanmu Capital's Green Core Intelligent Technology Co., Ltd. announced the internal testing of its online brand "Green Core" set to begin on July 20, 2025, using a limited user invitation system to gather feedback and optimize platform features [1] - The "Green Core" platform aims to leverage its dual compliance qualifications and partnership with AIA Insurance to establish a foothold in the AI energy service sector amid the accelerating global energy digital transformation [1] - The AI energy management system will utilize big data and AI algorithms for intelligent analysis of energy projects, providing scientific references for investment decisions, while the online transaction process has been optimized for ease of use [1] - The platform has obtained ICP and EDI certifications, ensuring compliance across all business scenarios, and incorporates blockchain technology for transparent fund management [1] Industry Implications - The internal testing presents a unique opportunity for investors to engage in energy digitalization investments, allowing participants to experience cutting-edge energy investment services and contribute feedback for platform development [2] - As the "Green Core" platform continues to improve and expand in the market, its potential in the energy digital investment sector is expected to gradually unfold, potentially ushering in a new era of investment [2]

Core Insights - The article highlights the significant role of precision diagnostics and intelligent operation and maintenance of power metering equipment in the context of China's "dual carbon" strategy and energy digital transformation [1][5] - The company, Hangzhou Zhicheng Electronics Technology Co., Ltd., has developed a hybrid reasoning model-based fault diagnosis platform for power metering equipment, achieving rapid growth in a niche market [1][2] Technological Breakthroughs - The company has innovatively integrated mechanism models with artificial intelligence to create a collaborative algorithm framework, addressing the inefficiencies of traditional diagnostic methods [2] - The platform offers three core functionalities: comprehensive analysis, precise fault localization, and tiered recommendations, significantly improving operational efficiency [2] - The application of this platform has led to a 35% reduction in equipment failure rates and a 28% decrease in line loss management costs for power grid companies, saving over 100 million yuan annually [2] Market Expansion - As of 2024, the company's diagnostic platform has covered 13 provinces, serving over 200 million users, which accounts for 34.33% of the national smart meter user base [3] - The company has established a strong presence in key markets like Zhejiang, where it serves millions of users, and is rapidly increasing its market penetration in energy-rich regions such as Sichuan and Gansu [3] Industry Empowerment - The company is evolving from a single product supplier to a full lifecycle solution provider, integrating its platform with major systems like the State Grid's "Online Grid" and Southern Grid's "Metering Automation System 3.0" [4] - The platform has facilitated over 20 innovative applications, including digital twin maps for low-voltage distribution networks, which have been successfully implemented and promoted across the network [4] Future Outlook - The company is accelerating its development in cutting-edge areas such as edge computing and digital twins, supported by resources and technology from China National Nuclear Corporation [5] - A new lightweight diagnostic terminal is set to be launched in 2024, enhancing localized AI reasoning capabilities, while a collaboration with Tsinghua University aims to improve fault diagnosis automation [5] - The company's rising market share reflects its technological strength and commitment to supporting China's "dual carbon" goals and the intelligent upgrade of the power grid [5]

Core Viewpoint - The company is expected to face performance pressure in 2024 due to the divestiture of non-core businesses, but is projected to experience long-term growth driven by dual development in energy digitalization and energy internet, along with strengthened ecological cooperation and AI-enabled new applications [1] Investment Highlights - The investment recommendation is maintained at "Buy" with a target price raised to 17.76 yuan (+2.39). The expected EPS for 2025-2027 is 0.44 (-0.20), 0.56 (-0.19), and 0.67 yuan respectively. The average PE for comparable companies in 2025 is 29.09X. Given the company's focus on dual development strategy and accelerated performance growth through AI-enabled platform electricity trading, a 40 times PE is assigned for 2025, corresponding to the target price of 17.76 yuan, maintaining the "Buy" rating [2] - In 2024, the company is expected to face performance pressure with total revenue of 4.479 billion yuan, a year-on-year decrease of 5.24%. The net profit attributable to shareholders is projected to be -250 million yuan, compared to 604 million yuan in the same period of 2023, primarily due to the divestiture and restructuring losses of non-core businesses, leading to goodwill and inventory impairments and one-time financial impacts. In Q1 2025, the company achieved revenue of 667 million yuan, a slight decrease of 0.12% year-on-year, but turned a profit with a net profit of 3 million yuan, an increase of 22 million yuan year-on-year, with a gross margin of 48.39%, up 3.18 percentage points [2][3] Strategic Focus - The company continues to focus on dual development in energy digitalization and energy internet, collaborating with Ant Group to build a strong ecosystem. With over 27 years in the electric energy sector, the company is seizing new opportunities from electricity market reform and the construction of new power systems. Since 2013, the company has partnered with Ant Group to develop life payment service scenarios, and by the end of 2024, Ant Group will be the company's second-largest shareholder. Additionally, the company is closely cooperating with Ant Group in digital payment and technology, expanding services in countries like Indonesia and the Philippines [3] - The company is fully embracing the AI era, shifting from customer-driven to AI-driven business. Significant investments are being made in AI research and applications, with the establishment of an AI research institute in 2023 focusing on three main areas: electricity market trading prediction, energy intelligent applications, and energy-specific large models. The company is enhancing its "AI + Energy" strategy, increasing research and practice in AI platform construction, time series prediction models, and AI intelligent applications, thereby improving resource adjustment capabilities and supply-demand matching. Successful AI electricity spot trading has been implemented in provinces like Guangdong and Shandong, and the "New Electric Rabbit" AI charging assistant has been launched to provide intelligent charging services for electric vehicle users [4]

Core Viewpoint - The company plans to establish a new subsidiary, Guangdong White Energy Technology Co., Ltd., with a registered capital of 10 million RMB, aimed at exploring innovative applications of artificial intelligence in vertical industry scenarios [1] Group 1: Company Development - The new subsidiary will focus on the implementation and commercial closure of Energy as a Service (EaaS) in vertical industries, gradually building the company's core competitiveness in the entire energy digitalization field [1] - The investment will be funded by the company's own resources and will not involve physical assets, intangible assets, or equity contributions, nor will it involve the use of raised funds [1] Group 2: Financial Impact - This external investment is expected to benefit the company's business development and will have a positive impact on its future financial status and operating results [1]