2月12日，优优绿能涨5.04%，成交额1.54亿元。两融数据显示，当日优优绿能获融资买入额1732.35万 元，融资偿还1360.96万元，融资净买入371.39万元。截至2月12日，优优绿能融资融券余额合计1.05亿 元。 资料显示，深圳市优优绿能股份有限公司位于广东省深圳市光明区玉塘街道田寮社区同观路华力特工业 园第1栋301，成立日期2015年8月20日，上市日期2025年6月5日，公司主营业务涉及公司是专业从事新 能源汽车直流充电设备核心部件研发、生产和销售的国家高新技术企业。主营业务收入构成为：充电模 块96.15%，其他3.85%。 融资方面，优优绿能当日融资买入1732.35万元。当前融资余额1.05亿元，占流通市值的5.93%。 融券方面，优优绿能2月12日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 机构持仓方面，截止2025年9月30日，优优绿能十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股32.70万股，为新进股东。财通资管先进制造混合发起式A（021985）位居第五大流通股 东，持股11.52 ...

2月6日，优优绿能跌1.16%，成交额5074.64万元。两融数据显示，当日优优绿能获融资买入额238.25万 元，融资偿还467.17万元，融资净买入-228.92万元。截至2月6日，优优绿能融资融券余额合计1.04亿 元。 截至9月30日，优优绿能股东户数1.14万，较上期减少16.19%；人均流通股718股，较上期增加19.31%。 2025年1月-9月，优优绿能实现营业收入10.08亿元，同比减少5.09%；归母净利润1.24亿元，同比减少 36.18%。 融资方面，优优绿能当日融资买入238.25万元。当前融资余额1.04亿元，占流通市值的6.26%。 融券方面，优优绿能2月6日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 资料显示，深圳市优优绿能股份有限公司位于广东省深圳市光明区玉塘街道田寮社区同观路华力特工业 园第1栋301，成立日期2015年8月20日，上市日期2025年6月5日，公司主营业务涉及公司是专业从事新 能源汽车直流充电设备核心部件研发、生产和销售的国家高新技术企业。主营业务收入构成为：充电模 块96.15% ...

制造业是国家经济命脉所系，是立国之本、强国之基。"十四五"以来，我国持续推进制造强国战略，聚 焦产业基础能力和产业链现代化水平提升，不断强化以创新为引领、以质量为核心的发展导向。广东作 为中国经济第一大省，正加快推动制造业向高端化、智能化、绿色化迈进。 （来源：六安新闻网） 转自：六安新闻网 科华依托三大研发中心与六大智造基地资源，实现从充电模块、整桩到智能云平台全系自研自产，通过 前瞻产品设计、车规智造标准、多维严苛测试与全链溯源体系，从源头保障产品可靠基因。凭借对高质 量的长期坚守，科华还先后荣获"年度充换电基础设施行业质量金奖"、"重卡超充设备质量领先奖"等多 项行业殊荣，充分彰显以质为基的工匠底色。 应用落地全球 科华坚持以"高可靠"理念为核心，依托强大的技术底蕴与精准的市场洞察，近年来陆续推出充电模块、 全液冷超充、兆瓦超充等产品及智慧交通能源解决方案，精准响应行业高效可靠充电的深层诉求。并凭 借产品质量与卓越性能，携手全球1000+伙伴，实现城市、乡镇、高速、矿山、港口等多元场景的规模 化应用，不间断护航绿色出行。 此次获评广东省制造业单项冠军企业，是对科华长期专注大功率充电领域、坚持技术创新与高 ...

Core Viewpoint - The company, a leading third-party provider of onboard high-voltage power supply systems, is experiencing rapid growth driven by increased sales from major clients like Xiaomi and NIO, as well as expansion into overseas markets [1][2]. Group 1: Financial Performance - The company was established in 2011 and achieved a market share of 8% in the domestic OBC industry by the first half of 2025, ranking fourth in the sector [1]. - Revenue for the years 2022, 2023, and 2024 was reported at 1.65 billion, 1.83 billion, and 1.93 billion yuan respectively, reflecting year-on-year growth of 71%, 11%, and 5% [1]. - For 2025, the company forecasts revenue exceeding 4 billion yuan and a net profit attributable to shareholders between 210 million and 250 million yuan, representing a year-on-year increase of 122% to 164% [1]. Group 2: Market Expansion and Client Relationships - The company maintains a strong focus on R&D, which has allowed it to lead in product capabilities and establish deep partnerships with key clients such as Xiaomi, NIO, and Leap Motor [2]. - The company is actively expanding into overseas markets, with the overseas market projected to reach 42.5 billion yuan by 2030, and a CAGR of 18% from 2025 to 2030, significantly outpacing the domestic market's 6% [2]. - In the first half of 2025, the company achieved overseas revenue of 260 million yuan, accounting for over 17% of total revenue, with expectations for continued growth driven by projects with Renault and Stellantis [2]. Group 3: Technological Advancements and Future Outlook - The trend towards HVDC (High Voltage Direct Current) solutions is evident, with a projected market space exceeding 100 billion yuan, driven by increased capital expenditure in the AIDC sector [3]. - The company has developed charging modules that are highly compatible with HVDC technology and possesses significant experience with key power devices like SiC, providing a competitive edge [3]. - Profit forecasts for 2025 to 2027 indicate net profits of 230 million, 365 million, and 535 million yuan respectively, with year-on-year growth rates of 143%, 58%, and 47% [3].

证券研究报告 东吴证券晨会纪要 东吴证券晨会纪要 2026-02-02 [Table_MacroStrategy] 宏观点评 20260129：1 月 FOMC：平安夜——2026 年 1 月 FOMC 会议 点评 核心观点：1 月美联储 FOMC 会议以 10-2 投票维持利率水平不变，发布 会上 Powell 回避了所有的政治问题，其守口如瓶的行为弱化了市场对美 联储独立性的交易。由于此前市场已充分定价到 4 月累计降息概率仅 30%，因此决议与发布会上的利率指引并未显著冲击市场，而 Waller 投 票 25bps 降息的动作被市场视为鸽派信号，最终强化宽货币交易。向前 看，本月底仍需关注 Miran 理事到期后的去留和政府停摆问题，2 月上旬 需关注 1 月非农和 CPI 数据是否超预期让 3-4 月降息彻底落空、以及特 朗普是否提名美联储新主席，上述问题是未来商品涨跌的关键。 固收金工 [Table_FixedGain] 固收深度报告 20260128：分子与分母的拉锯战：债市波动中不同权益板 块的应对逻辑 [Table_Tag] 宏观策略 "股债跷跷板"并非一个稳定、普适的规律，其实质是股票与债券 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to experience an inflection point in its performance, particularly with the launch of its HVDC business [7] - The company anticipates a decline in net profit for 2025, with estimates ranging from 1.03 to 1.45 billion yuan, reflecting a year-on-year decrease of 60% to 43% [7] - The establishment of the HVDC subsidiary marks the beginning of a second growth curve for the company, with expectations for product launches in early 2026 [7] Financial Forecasts - Total revenue is projected to decline from 1,497 million yuan in 2024 to 1,114 million yuan in 2025, before recovering to 1,487 million yuan in 2026 and reaching 2,313 million yuan by 2027 [1][8] - Net profit attributable to shareholders is forecasted to decrease from 256 million yuan in 2024 to 129 million yuan in 2025, with a recovery to 233 million yuan in 2026 and 456 million yuan in 2027 [1][8] - The earnings per share (EPS) is expected to drop to 3.07 yuan in 2025, before increasing to 5.54 yuan in 2026 and 10.85 yuan in 2027 [1][8] Market Data - The closing price of the company's stock is 210.75 yuan, with a market capitalization of 8,862.70 million yuan [5] - The price-to-earnings (P/E) ratio is projected to be 68.74 for 2025, decreasing to 19.42 by 2027 [1][8]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expected to face a performance inflection point with the launch of its HVDC business, which is anticipated to drive significant growth [7] - The company’s 2025 performance is projected to see a decline in net profit, with estimates ranging from 1.03 to 1.45 billion yuan, reflecting a year-on-year decrease of 60% to 43% [7] - The establishment of a subsidiary focused on HVDC technology marks the beginning of a new growth phase for the company, with expectations for product launches in early 2026 [7] Financial Projections - Total revenue is forecasted to decline to 1,114 million yuan in 2025, a decrease of 25.59% year-on-year, before rebounding to 1,487 million yuan in 2026 and 2,313 million yuan in 2027 [1][8] - Net profit attributable to shareholders is expected to drop to 128.93 million yuan in 2025, a decline of 49.64%, but is projected to recover to 232.90 million yuan in 2026 and 456.31 million yuan in 2027, reflecting growth rates of 80.64% and 95.92% respectively [1][8] - The earnings per share (EPS) is anticipated to be 3.07 yuan in 2025, with a significant increase to 10.85 yuan by 2027 [1][8] Market Data - The closing price of the stock is reported at 210.75 yuan, with a market capitalization of 8,862.70 million yuan [5] - The company has a price-to-earnings (P/E) ratio of 68.74 for 2025, which is expected to decrease to 19.42 by 2027, indicating a potential for value appreciation as the HVDC business matures [1][8]

Group 1 - The core viewpoint of the news is that Youyou Green Energy's stock has increased by 5.6%, reaching 215.16 CNY per share, with a trading volume of 158 million CNY and a turnover rate of 9.08%, resulting in a total market capitalization of 9.048 billion CNY [1] - Youyou Green Energy, established on August 20, 2015, is located in the Guangming District of Shenzhen, Guangdong Province, and specializes in the research, production, and sales of core components for DC charging equipment for new energy vehicles, with 96.15% of its revenue coming from charging modules [1] Group 2 - According to data from the top ten circulating shareholders of Youyou Green Energy, a fund under GF Fund, the GF New Energy Selected Stock A (015904), has entered the top ten shareholders, holding 74,600 shares, which accounts for 0.91% of the circulating shares, with an estimated floating profit of approximately 851,200 CNY [2] - The GF New Energy Selected Stock A (015904) was established on November 29, 2022, with a current scale of 609 million CNY, and has achieved a year-to-date return of 7.59%, ranking 2137 out of 5557 in its category, and a one-year return of 50.83%, ranking 1368 out of 4285 [2] Group 3 - The fund managers of GF New Energy Selected Stock A (015904) are Zheng Chengran and Mao Kun, with Zheng having a cumulative tenure of 5 years and 257 days and a total fund asset size of 14.168 billion CNY, achieving a best return of 82.68% and a worst return of -48.12% during his tenure [3] - Mao has a cumulative tenure of 2 years and 254 days, managing a fund asset size of 1.408 billion CNY, with a best return of 53.09% and a worst return of 50.67% during his tenure [3]

格隆汇1月29日丨优优绿能(301590.SZ)公布，预计2025年归属于上市公司股东的净利润10,300万 元-14,500万元，比上年同期下降43.37%—59.77%，扣除非经常性损益后的净利润8,850万元-13,000万 元，比上年同期下降46.89%—63.84%。 受国内行业竞争加剧以及海外区域政策调整的影响较大。内销方面，2025 年充电模块销量较上年同期 实现增长，但主要产品的售价在报告期内逐步下降，导致部分产品毛利率较上年同期下降幅度较大；海 外市场因欧美经济环境及区域政策调整导致需求减少，公司外销同比下降幅度较大。 ...

其三，报告期内，优优绿能持续引入关键研发人员，加大研发投入，研发费用较上年同期有所增长。 其二，报告期内，优优绿能内销业务占比提升，叠加国内行业竞争加剧，客户回款周期有所延长，2025 年度计提的信用减值损失较上年同期增长较大。对此，公司将加强信用管控和加大催收力度，目前正在 通过多种途径进行应收账款管理，力争将应收账款余额和账期控制在合理水平。 其四，优优绿能非经常性损益对公司净利润的影响金额约为1400万元至1500万元，主要系现金管理取得 的投资收益以及获得的政府补助影响所致。 北京商报讯（记者 马换换 李佳雪）1月29日晚间，优优绿能（301590）披露2025年业绩预告显示，公司 预计全年实现归属净利润1.03亿—1.45亿元，同比下降43.37%—59.77%。 对于业绩变动的原因，优优绿能给出了四点解释，其一，受国内行业竞争加剧以及海外区域政策调整的 影响较大。内销方面，2025年充电模块销量较上年同期实现增长，但主要产品的售价在报告期内逐步下 降，导致部分产品毛利率较上年同期下降幅度较大；海外市场因欧美经济环境及区域政策调整导致需求 减少，公司外销同比下降幅度较大。 ...