据证券时报·数据宝统计，A股布局储能业务的上市公司超过百家，2024年上半年境外业务收入超1亿元 的56家公司中，有41家今年上半年境外业务收入实现同比增长，占比超70%。 其中9家公司同比增长超50%，永臻股份、科陆电子、上能电气今年上半年境外业务收入同比翻倍，永 臻股份增幅最高，达到275.95%。 转自：证券时报 人民财讯12月17日电，我国储能企业紧抓全球市场爆发式增长的机遇，加速拓展国际市场，出海步伐显 著加快。 根据CNESA DataLink全球储能数据库统计，2025年1—6月中国储能企业新增海外订单规模163GWh，同 比增长246%。业务覆盖全球50余个国家和地区，涉及出海企业超50家。 MACD金叉信号形成，这些股涨势不错！ | 代码 | | ジモト未生意外 | 同比增长 | 申万行业 | | --- | --- | --- | --- | --- | | | | 业务收入 | (%) | | | | | (亿元) | | | | 603381 | 永臻股份 | 9.06 | 275.95 | 电力设备 | | 002121 | 科陆电子 | 12.81 | 126.84 | 电力设备 ...

来源：新浪证券-红岸工作室 12月11日，联域股份跌2.22%，成交额3431.68万元，换手率3.30%，总市值31.33亿元。 异动分析 充电桩+物联网+储能+人民币贬值受益+一带一路 区间今日近3日近5日近10日近20日主力净流入-300.23万-422.18万-470.22万-285.58万-2373.62万 1、2025年5月20日互动易，公司通过全资子公司深圳海搏积极布局新赛道,自主研发充电桩和储能业 务，目前已形成多项研发技术专利，公司充电桩和储能业务已出货并形成收入。 2、2024年1月17日投资者关系活动记录表：在智能照明领域，公司积极推进适应植物自控光谱、无线组 网实现照明的智能控制电路等新技术的研发，推动产品智能化、物联化水平提升。公司自研LED灯具标 准化接口技术，并取得美国发明专利，可一站式集成雷达微波、红外、光控、蓝牙等智能感应器，以嵌 入式软件作为控制核心，实现无线组网、远程及自动化控制。 3、根据2025年5月20日投资者关系记录表：公司通过全资子公司深圳海搏积极布局新赛道,自主研发充 电桩和储能业务，目前已形成多项研发技术专利，公司充电桩和储能业务已出货并形成收入。 4、根据 ...

Group 1 - The company is currently in the development stage of its energy storage business [2] - The company is focusing on product innovation and channel capability building for a wide and diverse range of household and small to medium-sized commercial scenarios [2]

Core Viewpoint - Minglida (301268.SZ) has shifted its strategic focus away from charging gun products and is currently concentrating on liquid cooling solutions for servers, laser light sources, and PC gaming sectors [1] Business Overview - The liquid cooling business has entered mass production, primarily serving the server, laser light source, and PC gaming markets [1] - Due to strategic adjustments, the charging gun product line is no longer being pursued [1] - The company has disclosed that its business specifics can be found in regular reports and announcements on the Giant Tide Information Network [1] Growth Drivers - Future business growth will be supported by both domestic and overseas production bases, which will be flexibly adjusted according to customer service demands [1] - Current production base construction and configuration are sufficient to meet short-term business growth needs [1] Energy Storage Business - The energy storage business has experienced significant year-on-year growth due to rapidly increasing overseas demand [1] - Demand for energy storage remains strong, with expectations of continued high-speed growth in the second half of this year and into next year [1]

Summary of Invek's Conference Call Company Overview - Invek's revenue primarily comes from two main product lines: temperature control energy-saving products (approximately 50%) and energy storage business (approximately 40%), with 90% of the latter being energy storage-related income [2][3] - The electronic cooling business (including liquid cooling plates and air cooling components) is expected to become a new growth point for the company [2] Financial Performance - The latest interim report shows that data center revenue grew by over 50%, while energy storage business revenue reached 800 million yuan, a year-on-year increase of approximately 35% [2][4] - Despite a significant apparent decline in gross margin due to accounting standard adjustments, the actual impact on profit was negligible. After excluding these adjustments, the overall gross margin decreased by 2.3 percentage points [5] - Liquid cooling revenue reached 200 million yuan, with a year-on-year growth of over 200%, primarily driven by the expansion of electronic cooling [5] Strategic Advantages - Invek's strategic advantages include a management team focused on profitability, a stable workforce, and a combination of Huawei's innovative spirit and Emerson's quality operational advantages. The company avoids price wars and emphasizes quality and operations [6] - The management team has a strong R&D background, which enhances the company's capabilities in technological innovation and strategic planning [9] Future Development Focus - The future focus for Invek will be on the development of the electronic cooling business, which includes liquid cooling plates and cooling modules for base stations and mining machines. This segment is expected to become a significant third growth curve [7][8] - Inventory and contract liabilities increased at the end of Q2 compared to Q1, providing revenue assurance for Q3 [7] Innovation and R&D - Invek employs a platform-based R&D model that enhances overall efficiency and optimizes product design. This model integrates various development steps to achieve high collaboration and efficiency [10] - The company has demonstrated strong innovation capabilities, particularly in the data center sector, where it has maintained positive growth despite industry pressures [11][12] Liquid Cooling Technology - Invek offers a comprehensive solution in the liquid cooling field, covering both the data center side and server-side cooling, allowing the company to capture 100% of the value chain [13] - The company has established strong partnerships in both domestic and international markets, positioning itself as a leading player in the liquid cooling sector [14] Conclusion - Invek is recognized as a high-quality growth company in the liquid cooling market, with a strong foundation in both domestic and international markets, and a comprehensive capability to provide complete solutions [14]

Core Viewpoint - The company's Q1 performance met expectations with revenue and net profit showing significant year-on-year growth, indicating a positive trend in business operations and financial health [1][2]. Financial Performance - Q1 revenue reached 3.416 billion yuan, a year-on-year increase of 15.1% - Net profit attributable to shareholders was 212 million yuan, up 10.9% year-on-year - Non-recurring net profit attributable to shareholders was 208 million yuan, reflecting a 16.3% year-on-year growth - Gross margin slightly decreased to 19.8%, down 1.0 percentage points year-on-year, primarily due to annual pressure [1] Cost and Cash Flow - Operating expense ratio improved to 10.7%, down 1.6 percentage points year-on-year, with reductions in sales, management, and R&D expense ratios - Financial expense ratio decreased by 0.8 percentage points due to increased exchange gains - Net cash flow from operating activities improved to -135 million yuan, compared to -638 million yuan in the same period last year, driven by increased cash receipts from sales [1] Business Segments - Passenger vehicle revenue grew approximately 10% year-on-year, with the new energy segment increasing by about 21% - Commercial vehicle and digital energy business revenues rose by approximately 12% and 50% respectively - The energy storage business is expected to grow rapidly due to rising customer demand, while the diesel generator thermal management business is entering a capacity ramp-up phase [2] International Expansion - Q1 overseas sales revenue was approximately 880 million yuan, accounting for 25.85% of total revenue - North American profitability continues to improve, and the European Setrab company has turned profitable - The company plans to accelerate overseas development, including the construction of a third factory in Mexico and expansion in Poland and Malaysia [2] Future Outlook - EPS forecasts for 2025-2027 are projected at 1.26, 1.63, and 2.02 yuan respectively - The average PE ratio for comparable companies in 2025 is estimated at 24 times, with a target price set at 30.24 yuan, maintaining a buy rating [3]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [1][20]. Core Views - The company's performance in 2024 met expectations, with revenue reaching 3.036 billion yuan, a year-on-year increase of 14.53%, and a net profit of 429 million yuan, up 6.49% year-on-year. The fourth quarter showed significant growth, with revenue of 941 million yuan, a year-on-year increase of 2.49% and a quarter-on-quarter increase of 41.66% [1][3]. - The report highlights strong performance in the charging pile and power quality sectors, while the energy storage business slightly underperformed expectations. The company is optimistic about its development in the AIDC (Automatic Identification and Data Capture) field [1][7]. Financial Summary - **2024 Financial Performance**: Total revenue of 3.036 billion yuan, net profit of 429 million yuan, and a net profit margin of 14.0% [1][3]. - **Future Projections**: Expected revenue growth rates of 14.5% in 2025, 17.5% in 2026, and 16.4% in 2027. Projected net profits are 551 million yuan in 2025, 668 million yuan in 2026, and 797 million yuan in 2027 [3][8]. - **Valuation Metrics**: The report sets a target price of 44 yuan for 2025, with a current price of 29.18 yuan, implying a price-to-earnings ratio of 25x for 2025 [3][7]. Business Segment Performance - **Power Quality Equipment**: Revenue of 603 million yuan, a year-on-year increase of 13.11%, with a gross margin of 54.23% [7]. - **Energy Storage Equipment**: Revenue of 857 million yuan, a year-on-year decrease of 5.80%, with a gross margin of 29.64% [7]. - **Charging Pile Business**: Revenue of 1.216 billion yuan, a year-on-year increase of 43.04%, maintaining a high gross margin of 38.15% [7]. - **Battery Testing Equipment**: Revenue of 296 million yuan, a slight year-on-year decrease of 0.93%, with a gross margin of 39.35% [7]. Strategic Outlook - The company is expected to benefit from overseas expansion in the charging pile market, with established contacts in Europe and Asia. This is anticipated to enhance both revenue and gross margins [7]. - The AIDC sector is projected to drive demand for power quality products, with the company holding a significant market share in this area [7].