风险提示：股市有风险，投资需谨慎。 截至2025年8月6日收盘，杭州柯林股价报38.96元，较前一交易日下跌1.32%。当日成交量为30044手， 成交金额达1.18亿元。 杭州柯林主营业务为电网数字化智能感知产品、储能系统及钙钛矿光伏组件的研发生产。公司8月4日接 待了多家机构调研，在调研中透露其业务布局主要围绕新型电力系统展开，涉及电网智能化改造和新能 源发展领域。 8月6日数据显示，杭州柯林当日主力资金净流出2208.93万元，近五日累计净流出3539.42万元。 ...

Core Viewpoint - The company, Hangzhou Colin Electric Co., Ltd., reported a decline in revenue from its main business segments, specifically in the digital intelligent sensing products for the power grid and related technical services, with a total revenue of 541.37 million yuan in 2024, reflecting a year-on-year decrease of 11.38% and 14.37% respectively [2][11][12]. Group 1: Business Performance - The revenue from digital intelligent sensing products was 112.76 million yuan in 2024, down from 127.23 million yuan in 2023, a decrease of 11.38% [2][11]. - The revenue from power-related technical services was 40.79 million yuan in 2024, down from 47.64 million yuan in 2023, a decrease of 14.37% [2][11]. - The revenue generated in Zhejiang province was 71.49 million yuan, showing a significant decline of 42.72% year-on-year [2]. Group 2: Sales Channels and Customer Base - The company primarily acquires business through inquiry, bidding, and competitive negotiation, with inquiry accounting for 76.28% of sales in the digital intelligent sensing products segment [4][7]. - The major customers for digital intelligent sensing products are concentrated in the state grid and southern grid subsidiaries, with significant sales through e-commerce procurement [7][12]. - The company’s major clients include Beijing Zhongdian Puhua Information Technology Co., Ltd., which significantly contributes to the revenue from power-related technical services [9][12]. Group 3: Inventory and Order Coverage - The company employs a production model combining "sales-driven production" and "safety stock," maintaining appropriate inventory levels based on customer contracts and actual shipments [12][14]. - As of the end of 2024, the company had a substantial inventory balance, with a year-end order coverage rate of 52.45% for digital intelligent sensing products and 55.75% for power-related technical services [13][14]. - The long inventory aging is primarily due to the need to meet diverse customer demands, with a significant portion of inventory being digital intelligent sensing products [12][14]. Group 4: R&D and Future Outlook - The company invested 22.68 million yuan in R&D for digital intelligent sensing products and power-related technical services in 2024, resulting in the acquisition of 5 invention patents and 7 utility model patents [12][19]. - The company is actively expanding into the energy storage sector, with a reported revenue of 38.04 million yuan from energy storage systems in 2024, marking a significant increase of 1,598.95% year-on-year [16][19]. - The company aims to leverage opportunities in the energy transition and carbon neutrality initiatives, enhancing its product offerings in the energy storage market [18][19].

公司代码：688611 公司简称：杭州柯林 杭州柯林电气股份有限公司 6、公司上市时未盈利且尚未实现盈利 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到www.sse.com.cn网站仔细阅读年度报告全文。 □是 √否 2、重大风险提示 3、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 4、公司全体董事出席董事会会议。 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险，敬请查阅本报告"第三节 管理层讨 论与分析"中的"四、风险因素"。 5、天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 7、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司2024年度利润分配预案为：经公司第四届董事会第四次会议审议通过，公司2024年度拟以实施权益 分派股权登记日登记的总股本为基数，拟向全体股东每10股派发现金红利2.00元（含税），以公司现有 总股本10,956.40万股，预计拟派发现金红利2 ...