智通财经见习记者｜蒋习 2026年伊始，电力圈迎来一轮密集的高层人事变动。 1月20日，许继电气(000400.SZ)发布公告称，其董事长李俊涛因工作调动，近日申请辞去公司董事长、董事及董事会专门委员会相关职务。其原定任期至公 司第九届董事会届满之日止。辞职后，李俊涛将不再担任公司任何职务。 与此同时，该公司董事会同意提名季侃为公司第九届董事会非独立董事候选人，任期至本届董事会届满。 据许继电气微信公众号消息，1月11日，季侃以党委书记的身份调研其营销服务中心。 季侃调研许继电气营销服务中心 图片来源：许继电气微信公众号 许涛出席保变电气2026年度营销工作会议 图片来源：保变电气微信公众号 据许继电气2024年财报，许涛的总经理任期自2023年5月9日开始。至此次辞职，其任期不足三年。 保变电气董事长亦同步离任。该公司1月14日公告称，董事长刘淑娟因工作变动，辞去公司董事长、董事及董事会专门委员会相关职务，辞职后将不再担任 该公司任何职务。 制图：蒋习 许继电气与保变电气，同属中国电气装备集团有限公司(下称中国电气装备)旗下上市公司。 数日前，许继电气还发生了一场重要人事调整。 1月14日，许继电气公告，董 ...

Core Insights - XJ Electric, a leading company in the power equipment sector, has won a significant contract worth 1.518 billion yuan from the State Grid Corporation of China for high-voltage direct current transmission products [1][2] - The company has shown strong market expansion, with contract liabilities reaching 2.176 billion yuan by the end of Q3 2025, reflecting a year-on-year growth of 15.27% [1][2] - XJ Electric has invested heavily in R&D, totaling 3.604 billion yuan over the past five years, resulting in the development of six core technologies [1][5][7] Financial Performance - For the first three quarters of 2025, XJ Electric reported a net profit attributable to shareholders of 900 million yuan, a year-on-year increase of 0.75%, marking six consecutive years of profit growth [1][2] - The company's revenue for the same period was 9.454 billion yuan, a slight decline of 1.38% year-on-year, while the net profit excluding non-recurring items reached 877 million yuan, up 1.48% [2][3] - From 2018 to 2024, XJ Electric's revenue surged from 8.217 billion yuan to 17.09 billion yuan, an increase of 107.98%, and net profit rose from 200 million yuan to 1.117 billion yuan, a growth of 458.5% [3][4] Business Operations - XJ Electric focuses on five core business areas: ultra-high voltage, smart grid, renewable energy, electric vehicle charging, and industrial intelligence, along with emerging sectors like advanced energy storage and hydrogen energy [5][6] - The company has a diverse product range, including smart distribution systems, direct current transmission systems, smart meters, and electric vehicle charging equipment, which are widely used across various segments of the power system [5][6] - As of Q3 2025, XJ Electric's total assets reached 26.3 billion yuan, an increase of 11.55% year-on-year, achieving a historical high [6]

Core Insights - XJ Electric has won a bid for the State Grid Corporation of China's 2025 sixth batch procurement, specifically for ultra-high voltage projects, with a total contract value of 1.518 billion yuan [2] Group 1: Bid Details - The total amount for the bid won by XJ Electric is 151,837.71 million yuan [2] - The products included in the bid are converter valves, direct current control protection systems, and measuring devices [2] - The breakdown of the bid amounts includes: converter valves at 117,407 million yuan, direct current control protection systems at 21,368.66 million yuan, and measuring devices at 13,062.05 million yuan [2]

Core Viewpoint - XJ Electric Co., Ltd. has won a bid for the State Grid Corporation of China's 2025 64th batch procurement, specifically for products related to direct current transmission [1] Group 1: Bid Details - The total amount of the bid won by XJ Electric is 1,518.3771 million yuan [1] - The products included in the bid are converter valves, direct current control protection systems, and measuring devices [1] - The breakdown of the bid amounts includes 1,174.07 million yuan for converter valves, 213.6866 million yuan for direct current control protection systems, and 130.6205 million yuan for measuring devices [1]

Group 1 - China XD Electric announced on November 28 that it won bids for the 64th batch of procurement by State Grid Corporation for ultra-high voltage projects, with a total bid amount of approximately 2.98 billion yuan [1] - Eight subsidiaries of China XD Electric are among the winning bidders, including Xi'an XD Transformer Co., Ltd. and Changzhou XD Transformer Co., Ltd., for various products such as converter transformers and circuit breakers [1] - The revenue composition for China XD Electric in 2024 is projected to be 97.97% from the power transmission and transformation equipment manufacturing industry, with other businesses contributing 2.03% [1] Group 2 - As of the report, the market capitalization of China XD Electric is 42.7 billion yuan [1]

Core Viewpoint - XJ Electric has won a bid for the State Grid Corporation of China's 2025 sixth batch procurement, specifically for ultra-high voltage project equipment, amounting to 1.518 billion yuan [1] Group 1 - The total amount of the bid won by XJ Electric is 1.518 billion yuan [1] - The products included in the bid are converter valves, direct current control protection systems, and measuring devices [1]

Group 1 - The company, XJ Electric (000400.SZ), has won a bid for the State Grid Corporation of China's 2025 64th batch procurement project, specifically for ultra-high voltage projects [1] - The total amount of the bid for the related direct current transmission products is 1.518 billion yuan [1] - The products included in the bid are converter valves, direct current control protection systems, and measuring devices [1]