证券日报网1月30日讯，安靠智电（300617）在接受调研者提问时表示，公司在2025年半年度报告中已 披露募投项目进展，智慧模块化变电站募投部分厂房主体已完工，变压器产线安装、调试工作已完成， 已进入试生产阶段。公司目前生产的变压器以油浸式、气体变压器为主，固态变压器是公司积极关注的 重要方向。 ...

证券日报网1月30日讯 ，安靠智电在接受调研者提问时表示，公司电缆连接件产品已通过直接或间接方 式在美国、墨西哥、印度尼西亚、厄瓜多尔、苏丹、尼日利亚等国家形成销售，在越南、印度、菲律 宾、新加坡等国家还为客户提供一些电缆系统服务；GIL和智慧模块化变电站领域，公司依托央企和海 外代理商，正在持续拓展北美、南美、欧洲、中东及东南亚等市场。 （文章来源：证券日报） ...

安靠智电公告，预计2025年度归属于上市公司股东的净利润为7000万元至8000万元，同比下降56.37% 至61.82%；扣除非经常性损益后的净利润为3200万元至4200万元，同比下降72.57%至79.10%。业绩下 降主要由于市场环境变化、行业竞争加剧等因素导致智慧模块化变电站和智能电力系统服务业务规模、 订单数量及毛利率下滑，同时计提大额坏账准备及研发投入增加。 ...

南财智讯1月29日电，安靠智电发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 7000万元—8000万元，同比预减56.37%—61.82%；预计2025年全年归属于上市公司股东的扣除非经常 性损益的净利润为3200万元—4200万元，同比预减72.57%—79.10%。报告期内，公司预计实现盈利， 但归属于上市公司股东的净利润较上年同期有所下降，主要原因为：1、受市场环境变化、行业竞争加 剧、收入确认进度等因素影响，公司智慧模块化变电站和智能电力系统服务的业务规模、订单数量、毛 利率水平均出现一定程度下滑。同时，公司实施的相关工程应收款项计提了大额坏账准备，进一步挤压 了公司的利润空间；2、为进一步满足业务未来拓展需求，公司在报告期内开展核心技术、产品研发攻 关产生的相关费用增长较多。基于上述原因，造成公司业绩较去年同期有所下滑。 ...

Core Viewpoint - Anke Intelligent Electric (300617) is leveraging large-scale power models and intelligent systems for product development to enhance efficiency [1] Group 1: Product Development - The company has adopted large-scale power models and intelligent systems to improve product research and development [1] - The smart modular substation features factory prefabrication and modular design, allowing for block-style installation [1] Group 2: Product Features - The smart modular substation is characterized by safety and reliability, reduced land use, short construction periods, flexible layouts, simple operation and maintenance, full insulation, and environmental cleanliness [1] - The goal of the smart modular substation is to address various pain points faced by customers in the construction and operation of substations [1]

Core Viewpoint - The company, Ankao Zhidian, has confirmed business interactions with several key players in the electrical industry, indicating a robust order volume and production capacity. Group 1: Business Interactions - The company has business dealings with Siyuan Electric, China West Electric, Pinggao Electric, and XJ Electric [1] Group 2: Order Volume and Production Capacity - The company currently has a full order book for cable connectors, GIL, and smart modular substations, with tight delivery schedules and sufficient production capacity [1]

Core Points - The company has provided updates on its transformer production line and business development on the investor interaction platform [2] - The company has completed the main construction of the smart modular substation and has finished the installation and debugging of the transformer production line, entering the trial production phase [2] - The company has received small batch experimental orders for its transformers, which are primarily oil-immersed and gas-insulated transformers, while solid-state transformers are an important area of focus for the company [2]

Group 1 - The core viewpoint of the news highlights the stock performance and financial metrics of Ankao Zhidian, indicating a recent increase in stock price and trading activity [1] - As of November 4, Ankao Zhidian's stock price rose by 2.01% to 35.06 CNY per share, with a market capitalization of 5.868 billion CNY [1] - The company has seen a year-to-date stock price increase of 22.69%, with a recent 5-day increase of 2.82% and a 20-day decrease of 4.55% [1] Group 2 - Ankao Zhidian, established on May 20, 2004, specializes in the research, production, and sales of high and ultra-high voltage cable connectors, as well as providing overall solutions for underground intelligent power transmission systems [2] - The company's revenue composition includes GIL products and system services (21.33%), smart modular substations (16.04%), and various other electrical products [2] - As of September 30, the number of shareholders increased by 20.10% to 20,100, while the average circulating shares per person decreased by 16.74% to 7,004 shares [2] Group 3 - Ankao Zhidian has distributed a total of 362 million CNY in dividends since its A-share listing, with 68.8943 million CNY distributed over the past three years [3]

Summary of Conference Call for Anke Intelligent Electric Company Overview - **Company**: Anke Intelligent Electric - **Industry**: Electric Power Equipment Key Financial Metrics - **Revenue**: - Q3 2025 revenue was 1.29 billion, down 29.64% year-on-year [2][3] - Total revenue for the first three quarters was 4.57 billion, a decrease of 31.66% year-on-year [2][3] - **Net Profit**: - Q3 2025 net profit was 778 million, down 73.32% year-on-year [3] - Total net profit for the first three quarters was approximately 700 million, a decline of about 40% [2][3] - **Cash Flow**: - Net cash flow from operating activities was over 270 million, an increase of 135.46% year-on-year [2][3] Revenue Breakdown by Product - **Cable Accessories**: Revenue of 2 billion, down 16% year-on-year [2][6] - **GIL Products and System Services**: Revenue of 1.1 billion, down nearly 40% [2][6] - **Smart Modular Substations**: Revenue of over 500 million, down more than 40% [2][6] - **Intelligent Power System Services**: Revenue of over 300 million, down more than 50% [2][6] - **Transformer Business**: New revenue of over 200 million in the first three quarters [6] Key Challenges - **Government Debt Resolution**: Local government debt resolution has significantly impacted business, causing project delays [5] - **Business Restructuring**: The company has reduced orders from local governments and industrial vehicles to improve cash flow and reduce risks [5] - **Rising Costs**: Increased operational expenses, particularly in R&D, which grew by 30.8% to over 50 million [2][5] Future Outlook - **Order Backlog**: Sufficient backlog with projects like Shaoxing and Gongshu expected to be delivered by year-end [2][7] - **Market Opportunities**: Sales in the Russian market reached nearly 20 million, with potential growth from reconstruction opportunities [2][7] - **New Projects**: Multiple large projects won, totaling over 300 million, expected to improve future performance [2][7] Market Strategy - **Pricing Strategy**: - Higher pricing in emerging overseas markets due to lack of similar products [11] - Adjusted pricing in domestic markets to meet customer demands [11] - **Geographic Expansion**: Focus on North Africa, North America, South America, and the Middle East for transformer and JS products [19] R&D and Product Development - **800 kV DC Machine**: Currently in early development stages, with prototypes expected by the second half of 2026 [14][15] - **Environmental Projects**: The Huai'an environmental gas project is delayed until 2026 due to increased environmental requirements [22] Market Trends - **Cable Accessories Market**: Expected to maintain around 5 billion with limited growth potential in the coming years [16] - **Overseas Sales**: Approximately 20-30 million in annual sales through OEM partnerships, with interest from Central Asian countries [18] Q4 Outlook - **Revenue Expectations**: Q4 2025 revenue expected to be flat compared to 2024, but profit may decline [23] - **Project Deliveries**: Key projects like Shaoxing GL and Qinghai Huawei data center expected to confirm revenue in Q4 [23]

Core Viewpoint - Anke Intelligent Electric experienced a 5.03% decline in stock price, reaching 38.92 CNY per share, with a trading volume of 1.72 billion CNY and a turnover rate of 3.10%, resulting in a total market capitalization of 6.514 billion CNY [1] Group 1: Company Overview - Jiangsu Anke Intelligent Electric Co., Ltd. was established on May 20, 2004, and went public on February 28, 2017 [1] - The company specializes in the research, development, production, and sales of high and ultra-high voltage cable connectors, as well as providing overall solutions for underground intelligent power transmission systems [1] - The revenue composition of the company's main business includes: GIL products and system services (21.33%), smart modular substations (16.04%), 110(66)kV products (14.39%), other cable connector products (12.62%), power surveying and design (9.94%), intelligent power system services (8.53%), 220kV products (7.26%), 330kV-500kV products (5.63%), others (2.83%), medium and low voltage products (1.34%), and smart sponge power storage and charging cabinets (0.10%) [1] Group 2: Fund Holdings - According to data, one fund under Penghua Fund has a significant holding in Anke Intelligent Electric [2] - Penghua Leading One-Year Holding Mixed A Fund (011574) held 80,000 shares in the second quarter, unchanged from the previous period, accounting for 4.42% of the fund's net value, ranking as the sixth largest holding [2] - The estimated floating loss for today is approximately 164,800 CNY [2] Group 3: Fund Manager Information - The fund manager of Penghua Leading One-Year Holding Mixed A Fund is Liu Yujiang [3] - As of the report, Liu Yujiang has served for 4 years and 212 days, with the total asset size of the fund being 54.2208 million CNY [3] - The best fund return during Liu's tenure is 32.49%, while the worst return is -27.87% [3]