具体到产品面：报告期内，公司新能源发电功率预测产品贡献营收20,510.97万元，较上年同期增长 55.14%；新能源并网智能控制产品、电网新能源管理系统业务分别收入5,102.29万元、836.32万元。 创新产品(包含电力交易、储能能量管理系统、虚拟电厂及微电网能源管理系统)的业务收入1,616.44万 元，较上年同期增长1.53%；此外，公司全资子公司日新鸿晟运营的新能源资产规模持续增长，相关资 产运营收入为3,263.38万元，较上年同期增长665.96%。 研发投入方面，国能日新高度重视技术研发投入，致力通过技术创新维持和提升公司的地位和竞争优 势。2025年上半年，公司研发投入合计5,256.93万元，同比增长11.51%。截至2025年6月30日，公司共 取得发明专利108项，软件著作权131项。 近日，国能日新（301162）(301162.SZ)发布2025年上半年业绩报告。数据显示，2025年1-6月，公司实 现营业收入32,068.84万元，同比增长43.15%；实现归属于上市公司股东的净利润4,597.32万元，较上年 同期增长32.48%；归属于上市公司股东的扣非净利润4,348.4 ...

[Table_Title] 证券研究报告 / 公司点评报告 分布式功率预测市场高景气度助力公司 2025H1 业绩实现高增 业务进展、盈利预测与估值不及预期。 | [Table_Finance] 财务摘要（百万元） | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 456 | 550 | 702 | 891 | 1,130 | | (+/-)% | 26.89% | 20.50% | 27.60% | 26.97% | 26.90% | | 归属母公司净利润 | 84 | 94 | 120 | 154 | 196 | | (+/-)% | 25.59% | 11.09% | 28.75% | 28.11% | 27.25% | | 每股收益（元） | 0.85 | 0.94 | 0.91 | 1.16 | 1.48 | | 市盈率 | 61.04 | 48.40 | 58.98 | 46.03 | 36.18 | | 市净率 | 4.80 | 3.94 | 4.41 | 4.12 | ...

中证报中证网讯(王珞)8月22日，国能日新（301162）发布2025年半年度报告。上半年，公司实现营业 收入3.21亿元，同比增长43.15%；归母净利润4597.32万元，同比增长32.48%。 新能源发电功率预测方面，受益于新能源整体装机规模快速增长及分布式"四可"管理要求带来的新增市 场机会等因素影响，报告期内，公司功率预测服务规模快速提升，净新增电站用户数量达1116家，较 2024年底服务规模增速达26%，服务电站净增数量远超往年历史同期水平。截至2025年半年度，公司功 率预测服务的新能源电站数量增至5461家。报告显示，上半年，公司新能源发电功率预测产品收入2.05 亿元，同比增长55.14%。 公司不断优化高精度气象智能预测平台、核心算法及自研的"旷冥"新能源大模型，持续提升公司气象、 算法等核心底层能力。2025年5月，公司完成"旷冥"新能源大模型2.0版本的迭代升级，通过对模型技 术、稳定性和整体性能方面的优化，全面提升全网新能源预测综合准确率。根据公司内部数据测算，在 部分区域的风电/光伏功率预测精准率上精度提升达到1%-1.5%。 新能源并网智能控制方面，在新能源集中式电站领域，公司 ...

此外，国能日新还积极拥抱人工智能技术引领的跨专业垂直领域技术变革，汇聚气象大模型、短临时空 融合预测等垂类人工智能丰硕发展成果，基于公司多年来新能源结合人工智能的技术研发积淀，研发公 司自主可控、行业领先的气象大模型等自主垂类技术和产品，快速、高效生成公司独有、精准、丰富的 新能源气象要素预测，进而拓展升华公司现有新能源功率预测技术优势。 同日，国能日新还发布了2025年半年度利润分配预案，拟向全体股东每10股派发现金红利2.30元（含 税），共计派发现金红利30，494，256.52元（含税），不送红股，不以资本公积转增股本。 值得一提的是，新能源发电功率预测产品毛利率同比下滑11.91%，国能日新称，这主要系报告期内公 司获得的新建电站客户数量较多，对功率预测设备的需求量较上年同期有明显增长，功率预测设备收入 占比有所提升进而影响了该业务的综合毛利率。此外，公司新能源功率预测业务在积极进行市场拓展的 同时，依旧保持优异的客户续费率，功率预测服务费规模持续良好增长态势。 本报讯 （记者贺王娟）8月22日晚间，国能日新科技股份有限公司（以下简称"国能日新"）披露半年 报，2025年上半年，公司实现营业收入3. ...

Core Viewpoint - The company, Guoneng Rixin, reported a steady growth in its 2024 annual performance, with significant increases in revenue and net profit, indicating a strong market position in the renewable energy sector [1][3]. Financial Performance - In 2024, the company achieved total revenue of 550 million yuan, a year-on-year increase of 20.50% [1]. - The net profit attributable to shareholders was 93.59 million yuan, up 11.09% year-on-year [1]. - The net profit after deducting non-recurring items was 82.43 million yuan, reflecting a growth of 15.67% [1]. Product Line Performance - Revenue from renewable energy power forecasting products reached 309 million yuan, a growth of 15.55% [1]. - Revenue from intelligent control products for renewable grid connection was 124 million yuan, increasing by 28.01% [1]. - Revenue from the renewable energy management system was 52.49 million yuan, up 17.75% [1]. - Innovative product revenue was 30.81 million yuan, reflecting a growth of 23.93% [1]. - Revenue from intelligent operation systems for renewable power stations was 5.15 million yuan, increasing by 15.41% [1]. Regional Expansion - The company has successfully expanded its products and services into overseas markets, achieving significant milestones in various microgrid projects across countries like Iraq, Chad, Ethiopia, and Yemen [2]. - Overseas market revenue reached 8.90 million yuan, a remarkable increase of 162.38% [2]. Market Trends and Policy Impact - The introduction of the "Four Capabilities" management requirements for distributed photovoltaic power generation is expected to drive market demand for the company's forecasting and control services [2]. - The ongoing reforms in the electricity market in China are anticipated to enhance the demand for the company's electricity trading-related products [3]. - The company is exploring the integration of AI technologies in electricity trading, aiming to provide enhanced services and improve profitability for renewable energy clients [3]. Investment Outlook - Guoneng Rixin is positioned as a leader in the renewable energy power forecasting sector, with a strong demand for high-precision forecasting and control products [4]. - Revenue projections for 2025, 2026, and 2027 are estimated at 738 million yuan, 905 million yuan, and 1.217 billion yuan, respectively, with net profits expected to reach 136 million yuan, 183 million yuan, and 259 million yuan [4]. - The company maintains a "Buy-A" investment rating, with a target price of 68.00 yuan, reflecting a 50x PE ratio for 2025 [4].

Investment Rating - The investment rating for the company is upgraded to "Buy" [5] Core Views - The company's performance meets expectations, with distributed power forecasting and the electricity trading market opening up significant growth opportunities [5][7] - The company achieved a revenue of 550 million RMB in 2024, representing a year-on-year growth of 20.5%, and a net profit of 94 million RMB, with a year-on-year increase of 11.1% [7] - The revenue from power forecasting products steadily increased, with a gross margin of 69.3%, and the number of customers reached 4,345 by the end of 2024 [7] - The company’s revenue from grid connection control systems grew by 28% year-on-year, driven by record new installations of wind and solar power in 2024 [7] - Innovative businesses such as electricity trading and virtual power plants are being actively developed, with a revenue growth of 24% year-on-year [7] Financial Summary - The company forecasts revenues of 784 million RMB in 2025, with a year-on-year growth rate of 42.54% [6] - The projected net profit for 2025 is 143 million RMB, reflecting a year-on-year growth of 52.91% [6] - The earnings per share (EPS) is expected to be 1.43 RMB in 2025, with a price-to-earnings (P/E) ratio of 41.51 [6][8] - The return on equity (ROE) is projected to increase to 11.07% in 2025 [6][8]

Core Insights - The company reported a revenue of 550 million yuan for 2024, representing a year-on-year growth of 20.50%, and a net profit attributable to shareholders of 93.59 million yuan, up 11.09% year-on-year [1] - The renewable energy sector continues to grow, with total installed capacity reaching 3.35 billion kilowatts, a 14.6% increase, and renewable energy accounting for 56% of total generation capacity [2] - The company maintains a leading position in power prediction services, with 4,345 renewable energy stations using its services, reflecting a net increase of 755 stations, or 21.03% year-on-year [3] Financial Performance - Revenue for the reporting period was 550 million yuan, with a net profit of 93.59 million yuan and a non-recurring net profit of 82.43 million yuan, showing growth rates of 20.50%, 11.09%, and 15.67% respectively [1] - Sales expenses, management expenses, and R&D expenses were 145 million yuan, 46.68 million yuan, and 85.32 million yuan, with year-on-year changes of +23.01%, +8.48%, and -2.40% respectively [1] - Financial expenses increased significantly by 80.02% due to reduced bank interest income and increased interest expenses on lease liabilities and loans [1] Industry Trends - The total installed capacity of renewable energy reached 1.889 billion kilowatts, a 25% increase, with solar power capacity growing by 45.2% and wind power capacity by 18% [2] - New grid-connected solar power capacity added in 2024 was 27.757 million kilowatts, a 28% increase, with centralized solar power contributing 15.939 million kilowatts and distributed solar power 11.818 million kilowatts [2] Product Development - The company’s power prediction product revenue was 309.47 million yuan, a 15.55% increase, with power prediction equipment revenue at 78.73 million yuan, up 22.94% [3] - The company expanded its distributed grid integration terminal product sales to multiple provinces, achieving a revenue of 123.95 million yuan, a 28.01% increase [4] - The company is focusing on innovative product lines, particularly in electricity trading, microgrids, and virtual power plants, which are expected to drive future growth [4] Future Outlook - The company anticipates continued growth in revenue and net profit from 2025 to 2027, projecting revenues of 695 million yuan, 895 million yuan, and 1.17 billion yuan, with net profits of 133 million yuan, 160 million yuan, and 179 million yuan respectively [5] - The company maintains a "buy" rating based on the positive outlook for the industry and its product performance [5]

Core Viewpoint - The company, Guoneng Rixin, has reported a significant growth in revenue and net profit for the year, driven by its focus on the renewable energy sector and the increasing demand for its power prediction and management services [5][14][34]. Financial Performance - The company achieved an operating income of 549.76 million yuan, representing a year-on-year increase of 20.50% [5]. - The net profit attributable to shareholders was 93.59 million yuan, reflecting an 11.09% increase compared to the previous year [5]. - The company's main business, power prediction services, generated revenue of 309.47 million yuan, up 15.55% year-on-year [14]. Business Overview - Guoneng Rixin specializes in software and information technology services for the renewable energy industry, focusing on power prediction and management systems [5][34]. - The company has maintained a strong growth in its customer base, with a net increase of 755 new power station users, a 21.03% year-on-year growth, bringing the total to 4,345 users [7]. Product Development - The company has launched the "Kuangming" renewable energy model, which significantly enhances the accuracy and efficiency of power prediction compared to traditional methods [8][38]. - Continuous investment in meteorological technology and algorithm development has strengthened the company's core capabilities in power prediction [8]. Market Trends - The demand for high-precision power prediction services is expected to grow due to the increasing integration of renewable energy sources into the grid and the implementation of new regulatory standards [35][36]. - The introduction of the "Four Available" management requirements for distributed photovoltaic systems is anticipated to further drive market demand for the company's services [35][36]. Strategic Initiatives - The company is actively expanding its product offerings in energy management systems, virtual power plants, and energy trading products to align with market needs and regulatory changes [23][27][32]. - Guoneng Rixin is pursuing strategic investments in upstream and downstream companies within the renewable energy sector to enhance its market position and operational capabilities [32].