Core Viewpoint - The 2024 Annual General Meeting of Southern Power Grid Electric Technology Co., Ltd. outlines the procedures and key agenda items for the meeting, including the evaluation of internal controls, investment plans, financial budgets, and profit distribution proposals for the year 2024. Meeting Procedures - The meeting will verify the identity of attendees to ensure proper participation and maintain order [1][2] - Attendees must register and arrive on time, with the meeting host announcing the number of shareholders present and their voting rights [1][3] - Shareholders have the right to speak, inquire, and vote during the meeting, with specific procedures for raising questions and making statements [2][3] Internal Control Evaluation - The company conducted an internal control evaluation for the year 2024, covering governance, organizational structure, human resources, and financial activities [6] - The evaluation concluded that there were no significant defects in internal controls, and the company maintained effective internal controls in all major aspects [8] Financial Performance - For the year 2024, the company reported total assets of 4.71 billion yuan, a year-on-year increase of 1.99%, and total liabilities of 1.69 billion yuan, a decrease of 6.26% [12][16] - The net profit attributable to shareholders was 365 million yuan, reflecting a year-on-year growth of 29.79% [26] - The company’s revenue for 2024 was 3.01 billion yuan, an increase of 18.77% compared to the previous year [14][17] Investment Plans - The company has outlined its investment plans for 2025, focusing on fixed asset investments in research and development, production capacity, and information technology [9] - The total expected investment for 2025 is aimed at enhancing the company's core competitiveness and operational capabilities [9][24] Profit Distribution - The proposed profit distribution plan for 2024 includes a cash dividend of 1.35 yuan per 10 shares, totaling approximately 76.23 million yuan [22][23] - This distribution represents 41.77% of the net profit attributable to shareholders for the year [22] Related Transactions - The company anticipates engaging in daily related transactions totaling 3.939 billion yuan in 2025, including procurement and financial services from related parties [24]

公司研究 证 券 研 究 报 告 南网科技（688248）2024 年报及 2025 年一季报点评 强推（维持） "技术服务+智能设备"双轮驱动，成长可期 事项： 公司发布 2024 年报及 2025 年一季报。2024 年实现营业收入 30.1 亿元，同比 +18.8%；归母净利润为 3.7 亿元，同比+29.8%；扣非净利润为 3.5 亿元，同比 +30.6%。2025Q1 实现营业收入 5.1 亿元，同比+0.9%；归母净利润为 0.6 亿元， 同比+35.7%；扣非净利润为 0.6 亿元，同比+47.1%。 评论： 风险提示：电网投资不及预期；储能业务进展不及预期；行业竞争加剧等。 [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 3,014 | 4,126 | 5,433 | 7,104 | | 同比增速(%) | 18.8% | 36.9% | 31.7% | 30.8% | | 归母净利润(百万) | 365 | 481 | ...

2025 年 4 月 28 日 公司研究 技术服务与智能设备双轮驱动，净利润同比高增 ——南网科技（688248.SH）2025 年一季报点评 要点 公司盈利预测与估值简表 | 指标 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 2,537 | 3,014 | 4,009 | 5,012 | 6,090 | | 营业收入增长率 | 41.77% | 18.77% | 33.04% | 25.01% | 21.52% | | 净利润（百万元） | 281 | 365 | 481 | 623 | 774 | | 净利润增长率 | 36.72% | 29.79% | 31.73% | 29.60% | 24.21% | | EPS（元） | 0.50 | 0.65 | 0.85 | 1.10 | 1.37 | | ROE（归属母公司)（摊薄） | 10.05% | 12.22% | 14.17% | 15.91% | 16.97% | | P/E | 59 | 46 | 35 | ...

2025 年 4 月 28 日 要点 公司研究 技术服务与智能设备双轮驱动，净利润同比高增 点评： ——南网科技（688248.SH）2025 年一季报点评 事件：公司发布 2025 年一季报：2025Q1，公司实现营业收入 5.1 亿元，同比 +0.87%，环比-43.61%；归母净利润 0.57 亿元，同比+35.66%，环比-33.31%； 扣非归母净利润 0.59 亿元，同比+47.05%，环比-15.28%。 | 指标 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 2,537 | 3,014 | 4,009 | 5,012 | 6,090 | | 营业收入增长率 | 41.77% | 18.77% | 33.04% | 25.01% | 21.52% | | 净利润（百万元） | 281 | 365 | 481 | 623 | 774 | | 净利润增长率 | 36.72% | 29.79% | 31.73% | 29.60% | 24.21% | | EPS（元 ...