经济观察报记者 郑晨烨 2025年6月18日，广州视源电子科技股份有限公司（002841.SZ，下称"视源股份（002841）"）发布公告 称，公司已于6月17日向香港联交所递交了发行H股股票并在联交所主板挂牌上市的申请，并与同日在 香港联交所网站刊登了本次发行的申请材料。 视源股份的2024年财务数据显示，该公司当年营业收入达到创纪录的224.01亿元，同比增长11.05%，但 归属于上市公司股东的净利润为9.71亿元，同比大幅缩水29.13%；在盈利能力方面，其毛利率亦从2022 年的26.2%滑落至2024年的20.9%。 一个更为严峻的现实是，视源股份为未来付出的代价已远超其当下的盈利能力。根据其2024年年度报 告，公司全年的研发开支高达15.40亿元，而同期的归母净利润仅为9.71亿元。 即便如此，视源股份似乎并未有压缩投入的打算。在2025年4月24日的投资者交流活动中，视源股份管 理层就表示："2025年，公司将加大端侧大模型、多模态感知算法等关键技术以及智能硬件终端和行业 应用软件领域的研发投入，保障技术创新与产品迭代升级。" 在这样的背景下，视源股份此时赴港IPO的目的也变得清晰：在自身盈 ...

金十数据6月5日讯，国新办举行新闻发布会，介绍"深化提升'获得电力'服务水平全面打造现代化用电 营商环境"有关情况。国家电网有限公司总经理庞骁刚在会上介绍，将加大电网建设改造力度，加强配 电网主动运维，大力推广不停电作业，探索建立可靠性管理奖惩机制，不断提升供电可靠性。同时，针 对电子信息、高端装备制造、量子计算等各种新兴产业、未来产业对电能质量的要求，加强异常监测分 析，主动优化电网运行方式，指导企业合理配置UPS，就是不间断电源等客户侧措施，全力满足好企业 生产经营需求。 （中国网） 国家电网：将加大电网建设改造力度 加强配电网主动运维 ...

Group 1: Charging and Battery Swap Market - The domestic charging market is expected to grow as the number of new energy vehicles increases and charging infrastructure improves, with a focus on high-quality development [2] - The penetration rate of fast charging is anticipated to rise, supported by government policies encouraging the construction of charging stations [2][3] - The battery swap market is experiencing rapid growth, bolstered by national policies promoting battery swap models [3][4] Group 2: Energy Storage Industry - The energy storage market is transitioning towards low-carbon energy systems, with new energy storage being a key support for carbon neutrality goals [3][4] - The ongoing electricity market reform is creating a favorable environment for new energy storage development, enhancing market opportunities [4] Group 3: Competitive Actions in Energy Storage - The company is enhancing product efficiency and reliability to address industry challenges and maintain competitiveness [4] - Continuous technological innovation and customized solutions are being pursued to increase product value in the energy storage sector [4][5] Group 4: Applications of Power Quality Products - The company's power quality products are applicable across over thirty industries, including high-end equipment manufacturing, transportation, and public facilities [5][6] - The company is expanding its market presence through product development and channel expansion, achieving leading market share in various segments [5][6] Group 5: Advantages in AIDC and Data Center Preparation - The company’s products, such as active filters and uninterruptible power supplies, are well-suited for data centers and intelligent computing centers [5][6] - With the growth of AI and data center demands, the company is preparing for increased capital expenditures in this sector [5][6][7] Group 6: Future Directions and Safety Considerations - The company is committed to enhancing safety in data center solutions, recognizing the industry's stringent safety requirements [7] - Future preparations will focus on exploring and developing solutions tailored for data centers, aiming to become a comprehensive power solution provider [7]