证券分析师 张晋源 A0230525040001 zhangjy@swsresearch.com | 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3510 | 0.48 | 3.69 | 1.4 | | 深证综指 | 2107 | 0.26 | 4.82 | 1.08 | | 风格指数 | 昨日表现 | 1 个月表现 | 6 个月表现 | | --- | --- | --- | --- | | | （％） | （％） | （％） | | 大盘指数 | 0.45 | 3.62 | 7.28 | | 中盘指数 | 0.38 | 4.39 | 8.11 | | 小盘指数 | 0.32 | 3.5 | 14.46 | | 行业涨幅 | 昨日涨 | 1 个月涨 | 6 个月涨 | | --- | --- | --- | --- | | 焦炭Ⅱ | 5.97 | 11.85 | 10.99 | | 小金属Ⅱ | 3.47 | 4.96 | 19.91 | | 房地产服务 | 3. ...

2024年中国电力设备出海白皮书 ——新周期开启，出海正当时 2024 China Power Equipment Overseas Industry 2024中国電力設備海外産業 精简版 www.leadleo.com 研究区域范围：全球及中国地区 研究周期：2023年-2024年 概览标签：电力设备、变压器、高压开关、电线电缆、智能电表 报告主要作者：文上 2024/12 1 www.leadleo.com 400-072-5588 ©2022 LeadLeo 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均 系头豹研究院独有的高度机密性文件（在报告中另行标明出处者除外 ）。 ，任何人不得以任何方式擅自复制 、再造、传播、出版、引用、改编、汇编本报告内容，若有违反上述 约定的行为发生，头豹研究院保留采取法律措施，追究相关人员责任 的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹 "的商号、商标，头豹研究院无任何前述名称之外的其他分支机构， 也未授权或聘用其他任何第三方代表头豹研究院开展商业活动。 报告说明 在能源转型以及发达经济体老旧电网设备更新等因素推动下，欧洲、 亚洲、美洲 ...

Company Overview - Samsung Medical's closing price on July 8 was 23.12 yuan, up 4.05%, with a rolling PE ratio of 13.68, marking a new low in 21 days and a total market capitalization of 32.622 billion yuan [1] - The company ranks 37th in the electric grid equipment industry, which has an average PE ratio of 37.41 and a median of 39.14 [1] Financial Performance - For the first quarter of 2025, Samsung Medical reported revenue of 3.631 billion yuan, a year-on-year increase of 20.03%, and a net profit of 489 million yuan, up 34.33% year-on-year, with a gross profit margin of 28.90% [2] - The company has 101 institutional holders, including 99 funds, with a total holding of 614.071 million shares valued at 18.158 billion yuan [1] Product and Services - Samsung Medical's main business segments include smart power distribution and medical services, with key products such as smart meters, high-end gateway meters, smart terminals, power boxes, communication modules, and various integrated solutions [1] - The company has received multiple accolades, including being recognized as a national-level intellectual property demonstration enterprise and a provincial key enterprise research institute [1]

◎记者 孙小程 "科创板不仅是融资平台，更是创新'加速器'，它推动中控技术实现了技术自主化从点至面、研发投入 从量到质、创新资源从国内到全球的跨越，让中国高端装备的'硬科技'成色闪耀于重大工业场景。"谈 及上市以来的收获，中控技术副总裁、首席财务官、董秘房永生如是概括。 高端装备制造业是强国之基，为加快发展新质生产力、建设现代化产业体系提供重要支撑。近年来，科 创板着力打造先进制造业集群，超百家高端装备制造业企业齐聚板块，涵盖工业母机、工业机器人、激 光加工、工业自动化控制系统等先进工艺装备，下游覆盖轨交、汽车、电力、航空、物流等国计民生重 点领域，构建起协同创新、产业集聚的发展格局。 房永生回顾道："自2020年成功登陆科创板以来，公司始终将'硬科技'作为立身之本和发展引擎。上市 不仅是对我们过往技术积累的认可，更极大地赋能了公司核心技术的深化与突破，公司'硬科技'成色在 多个维度得到了显著增强。" 再看电力设备行业。我国已形成完善的电力装备产业链，科创板电力设备企业近年来延续稳健增长态 势，有力保障能源安全，推动工业绿色化发展。 其中，智能电网设备链主企业南网科技坚持以科技创新为引领，2024年推动全国唯 ...

abc 2025 年 06 月 26 日 Global Research 首次覆盖 三星医疗 寻找价值；首次覆盖，给予买入评级 增长轨迹清晰，但估值处于底部 估值: 首次覆盖，给予买入评级，目标价为30.00元 我们基于SOTP得出12个月目标价为30.00元；其中，电力设备业务基 于11.5x 1年期动态PE估值，医疗服务业务基于18x估值（皆与同业平均水平 相似）。目标价隐含12.4x 2026E PE， 对照2024-27E EPS CAGR为23%。 | 股票 | | | --- | --- | | 中国 | | | 电子元件与设备 | | | 12个月评级 | 买入 | | | 之前 : 没有评级 | | 12个月目标价 | Rmb30.00 | | | 之前 : | | 股价 (2025年6月25日) | Rmb22.15 | | RIC: 601567.SS BBG: 601567 CH | | | 交易数据和主要指标 | | | 52周股价波动范围 | Rmb35.45-21.21 | | 市值 | Rmb31.2b/US$4.35b | | 已发行股本 | 1,409m (ORDA) | | ...

人民网"行进中国"浙江调研采访团 下午三点，阳光透过玻璃窗洒进办公室。刚从缅甸归来的徐能顾不上洗去风尘，又打开了电脑，此刻， 孟加拉子公司的同事们正通过视频连线等待着他。 徐能是杭州海兴电力科技股份有限公司南亚地区部总经理，主要负责地区经营，包括智能配用电、分布 式能源和微电网产品及方案的海外销售。17年来，他走过了东南亚、南亚、中东的多个国家和地区，带 领团队用中国技术编织出了一张张智能绿色用电网。 能正在进行项目对接。最多时，他一天要打200多个电话。人民网记者 王丽玮摄 光伏发电是一种可再生能源技术。我国"十四五"可再生能源发展规划提出，要巩固提升可再生能源产业 核心竞争力，推动可再生能源优质产业走出去。 在缅甸仰光举办的一个新能源展会上，当地通讯运营商某公司对海兴LIVOLTEK展台上的中国新能源解 决方案表现出浓厚兴趣。 "缅甸电网每天只能供电2到4个小时，柴油发电成本高达2元/度。"徐能回忆道，"当我们介绍光伏发电 成本仅需0.3元/度，3年就能收回投资时，对方当场就拍板了，一定要上新能源光伏发电。" 徐 在杭州生产基地，记者看到为缅甸"量身定制"的逆变器正在加紧生产。"逆变器是组成光伏电网的关键 ...

Core Viewpoint - The demand for single-phase smart meters in China is expected to grow significantly, driven by the ongoing development of smart grids and the digital transformation of the power industry, with projections indicating a demand of 11,195,200 units in 2024, an increase of 2,820,900 units from 2023 [1][6][8]. Group 1: Industry Overview - Smart meters are essential devices for data collection in smart grids, with single-phase smart meters dominating the market, accounting for over 80% of applications [1][8]. - The market for single-phase smart meters is projected to reach a scale of 9,482,330 units in 2024, up by 2,703,340 units from 2023, with expectations to reach 10,372,130 units by 2025 [1][8]. - The industry is characterized by continuous technological advancements, leading to improved precision, communication capabilities, and overall intelligence of smart meters [22]. Group 2: Industry Development Status - The smart meter industry is a crucial component of the Advanced Metering Infrastructure (AMI) system, enhancing operational efficiency, promoting energy conservation, and improving the stability of power systems [6]. - The increasing demand for smart meters is supported by technological progress and cost reductions, which enhance their functionality and performance [6][22]. Group 3: Industry Chain - The upstream of the single-phase smart meter industry includes raw materials such as electronic components, metal terminals, and flame-retardant plastics, while the midstream involves manufacturing and system integration [10]. - The downstream applications include major power grid companies like State Grid and Southern Power Grid, as well as emerging applications in distributed photovoltaics and smart homes [10]. Group 4: Competitive Landscape - The global smart meter market is fragmented, with major overseas companies focusing on high-end markets in developed countries, while Chinese companies leverage cost advantages to capture market share in developing countries [14]. - Key players in the domestic single-phase smart meter industry include Jiangsu Linyang Energy Co., Ltd., Yantai Dongfang Weiston Electric Co., Ltd., and others, who are enhancing their competitive edge through technology development and market expansion [14][15]. Group 5: Key Companies - Jiangsu Linyang Energy Co., Ltd. reported a production of 9,449,700 smart meters in 2024, an increase of 1,759,300 units from 2023, with a revenue of 2.704 billion yuan, up by 431 million yuan [18]. - Hangzhou Haixing Electric Technology Co., Ltd. achieved a production of 15,373,700 smart products in 2024, with a revenue of 4.535 billion yuan, an increase of 534 million yuan from 2023 [20].

Core Viewpoint - The recent board and management reshuffle at Fudan Microelectronics aims to enhance the company's strategic direction and operational efficiency, with a focus on key chip technology and market competitiveness [2][3][6]. Group 1: Board Restructuring - The board restructuring was a significant decision made against the backdrop of ongoing organizational optimization and clearer strategic direction [3]. - The previous board faced dissent from some members regarding the restructuring plan, highlighting concerns over representation and leadership stability [3][4]. - The new board, led by Zhang Wei, includes members with strong academic backgrounds in semiconductor research, indicating a focus on technical expertise [5]. Group 2: Financial Performance - In 2024, the company reported revenue of 3.59 billion yuan, a year-on-year increase of 1.51%, while net profit decreased by 20.43% to 573 million yuan, attributed to intense market competition and pricing adjustments [6]. - For Q1 2025, revenue was 888 million yuan, a decline of 0.54%, with net profit down 15.55% to 136 million yuan, reflecting ongoing challenges in the market [6]. Group 3: Strategic Focus - The company aims to maintain a clear strategic direction, emphasizing continuous technological investment and a stable governance structure to enhance its competitive edge [6][7]. - Future plans include focusing on high-autonomy, high-reliability, and high-tech barrier key chip sectors, while enhancing system solution capabilities and fostering collaboration between academia and industry [7].

威胜控股主席吉为表示，公司期待在非洲市场持续获得稳定的电表采购订单的同时，亦能积极开展储能 等新项目的开拓工作。此次中标充份反映公司海外业务高速成长，在拉丁美洲、非洲及亚洲中部等新兴 市场持续取得理想发展。目前，威胜控股于墨西哥和坦桑尼亚均拥有研发中心及生产厂房，未来将继续 拓展海外重点市场，增强当地的竞争能力并辐射周边市场。 （文章来源：证券时报网） 资料显示，威胜控股是国内领先的能源计量及能效管理企业，产品与服务包括三大核心业务—电智能计 量解决方案（电AMI）、通讯及流体计量解决方案（通信及流体AMI）、智能配用电系统及解决方案 （ADO）。公司当前客户包括电网公司、水务、燃气及热力等公用事业及大型工商业客户，主导产品 在国内市场占有重要份额，并出口至亚洲、非洲及欧美等全球多个国家。 公司表示，此次签约方之一的CFE是墨西哥电力工业的主导者，由墨西哥政府建立和拥有，在墨西哥拥 有庞大的发电量和全部的输配电系统，是国家电网唯一运营商，提供发输配电一体化服务，覆盖约5000 万名用户。另一签约方的Tanesco则是坦桑尼亚境内唯一的国有电力公司，为当地约1500万用户提供服 务。公司于海外的主要新兴市场取得 ...

北京煜邦电力技术股份有限公司 相关债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【391】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客 观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未 ...