文化融合：双向赋能突破技术壁垒 "我们的目标是将博路兹打造成拉美最好的配电公司。"秘鲁博路兹公司总经理瓦尔特·休托表示。为实 现这一目标，公司不仅在管理机制上进行了大胆创新，还在技术层面进行了深度适配。"最初我们担心 中国标准'水土不服'，但事实证明这是场双向赋能。"杨启洪说。 中秘技术标准的差异是落地过程中的首要挑战，博路兹技术团队采取"逐条比对、本地适配"策略，在设 备更新、保护配置等环节制定差异化方案。"我们参照南方电网典型设计，修改低压配电箱设计，在利 马老城区试点应用，以解决原有低压配电箱维护困难、故障率偏高的问题。"杨启洪介绍，同时，将无 人机巡检纳入设备状态监测体系，已对变电站设备巡检和线路故障后故障点查找拍摄超3600张照片，与 常规检查相比，发现异常情况增加1.6倍，大大缩短了登杆检查时间，填补了当地在高空设备检测手段 的空白。 近日，秘鲁国家能源监管机构（Osinergmin）发布最新数据显示，博路兹公司（Pluz Energía Perú S.A.A.）在全口径系统平均停电时间（SAIDI）和平均停电次数（SAIFI）两项核心指标均位列全国首 位，成为秘鲁供电最可靠的配电企业。这一成绩的 ...

"通过三维建模，我们能提前发现并处理隐患，有效缩短故障抢修时间。"5月18日，在山西临汾大宁县大冯村，一架无人 机在电力运维人员王建新、尹玉龙的操控下，稳稳地悬停至指定杆塔上方，对设备线夹、绝缘子、引线等重要部位进行仔细巡 检测温，不到5分钟就完成了1基杆塔的巡检任务。 王建新介绍，无人机自主巡检通过前期激光点云建模数据，精准定位杆塔各部件，巡视人员通过导入预设航迹，实现360 度无死角巡视。地面操纵人员根据无人机实时回传图像，可第一时间分析隐患缺陷。 入春以来，临汾地区天气持续干旱少雨，土壤墒情不足，旱情的发展迅速，对小麦、蔬菜、果树等农业生产带来严俊挑 战。国网临汾供电公司畅通涉农用电服务通道，优先保障农业用电需求。积极运用无人机巡检、配网可视化系统等数智技术， 助力农业生产。在该公司供电服务指挥中心的监控大屏上，工作人员通过配网可视化系统实时监测配网变压器运行状态，并依 托该系统优化服务流程，推出"智能派单"，在配变发生故障后自动下发主动抢修工单，第一时间将故障工单派发至台区网格经 理手中。在农业灌溉用电高峰期，该公司每周对辖区内所有农灌配变开展"健康体检"，重点筛查三相负荷不平衡、重载过载、 电压异常 ...

Core Viewpoint - The company reported steady growth in Q1 2025, with revenue of 790 million yuan, a year-on-year increase of 27.9% but a quarter-on-quarter decrease of 19.8% [1] Financial Performance - Q1 2025 net profit attributable to shareholders was 140 million yuan, up 38.5% year-on-year and down 26.3% quarter-on-quarter [1] - The net profit after deducting non-recurring items was 120 million yuan, reflecting a year-on-year increase of 42.1% and a quarter-on-quarter decrease of 24.0% [1] - The comprehensive gross margin for Q1 2025 was 58.3%, a decrease of 0.5 percentage points year-on-year [2] - Total expense ratio was 24.4%, down 2.5 percentage points year-on-year, with management expense ratio at 6.6% (down 1.3 percentage points) and sales expense ratio at 19.9% (up 1.4 percentage points) [2] Business Strategy and Development - The company is actively expanding its industry applications and international markets, focusing on global strategies and rapid development in geospatial information, robotics, and autonomous driving [2] - R&D investment in Q1 2025 was 130 million yuan, a year-on-year increase of 22.1%, accounting for 16.6% of revenue [2] - The company has implemented an employee stock incentive plan, with 802 individuals meeting the conditions for the first vesting period, amounting to approximately 589.88 million shares, or 1.07% of total share capital [2] Partnerships and Market Position - The company has strengthened partnerships with multiple automotive manufacturers, achieving over 500,000 units shipped and projecting to reach 1 million units in the next two years [3][4] - The company emphasizes sustainable development, with a customer satisfaction score of 74.9% in 2024, an increase of 3.7% from 2023 [4] - The company is leveraging technology for green transformation, contributing to smart transportation and precision agriculture [4] Investment Outlook - The trend towards ubiquitous high-precision satellite navigation services is expected to benefit the company as an industry leader, with projected net profits of 760 million, 1 billion, and 1.29 billion yuan for 2025-2027, corresponding to growth rates of 30.4%, 30.8%, and 29.4% [4] - The company is assigned a target price of 55.39 yuan based on a 40 times PE ratio for 2025, maintaining a "strong buy" rating [4]