2026 年 03 月 04 日 湘电股份(600416.SH) 电磁装备龙头，布局海陆空拓展成长边界 聚焦"三电"主业，成功"瘦身"盈利能力迎来修复 公司深耕电气行业 20 余年，是我国电工行业综合技术优势和产品配 套能力最强的企业之一，在我国大型国防装备、电工成套装备、风力 发电机等装备的开发应用起主导作用。2019-2020 年公司陆续退出外 贸和风电整机等业务，聚焦电机+电控+电磁（三电）主业，公司收入 自 2021 年 40 亿元增长至 2024 年 47 亿元，归母净利润自 2021 年 0.79 亿元增长至 2024 年 2.49 亿元，盈利能力实现修复。 船舶电力+电磁技术世界领先，为海上力量提供新质战斗力 公司拥有船舶综合电力系统和特种发射系统两大核心技术，主要聚焦 海军新型装备建设需求，在海军工程大学创新团队的技术引领下形成 了综合电力、电磁发射两大核心技术，并处于世界领先地位，主要为 我国未来主战舰艇提供高性能的电气动力装备。随着技术的进一步升 级，将拓展至高能装备领域，应用于海、陆、空等多领域，为我国国 防提供新质战斗力。 募投延伸发展边界，巩固"三电"领域龙头地位 公司通过 2022 ...

Core Viewpoint - Xiangdian Co., Ltd. has achieved significant breakthroughs in the electromagnetic energy and new energy sectors, showcasing China's manufacturing strength and contributing to the country's technological self-reliance [1][5]. Group 1: Technological Breakthroughs - Xiangdian Co., Ltd. has set a global record in magnetic levitation technology, accelerating a 1.1-ton test vehicle to 650 km/h in just 7 seconds, marking a transition from "catching up" to "leading" in ultra-high-speed propulsion technology [3]. - The company has developed a high-speed magnetic levitation bearing motor system, becoming one of the few domestic enterprises to master core technologies in ultra-high-speed magnetic levitation [3]. - Previous achievements include breaking foreign technology monopolies with projects like megawatt-level flywheel energy storage and permanent magnet traction systems [3]. Group 2: Green Energy Initiatives - Xiangdian Co., Ltd. has focused on addressing challenges in integrating renewable energy into the grid, successfully developing a "50Mvar distributed phase shifter" that enhances grid stability [4]. - The distributed phase shifter has been recognized as reaching advanced domestic levels, with its insulation design and rotor ventilation structure optimization being industry-leading [4]. - The company has secured contracts exceeding 100 million yuan in the renewable energy sector, including wind and solar power applications [4]. Group 3: Strategic Positioning - Xiangdian Co., Ltd. is positioned as a core enterprise in China's high-end equipment manufacturing sector, with a focus on "electromagnetic energy + motor + electric control" [2]. - The company aims to fill gaps in high-end equipment localization and establish benchmarks in global competition [4][5]. - The ongoing technological advancements and innovations reflect the company's commitment to national strategic security and the development of new productive forces in various industries [5].