证券代码：000682 证券简称：东方电子 东方电子股份有限公司投资者关系活动记录表 1 友好型新能源电站、智能微电网、虚拟电厂、新能源并网 等开展研发创新和产业推广，实现在调度及云化、输变电 自动化、智能配用电、综合能源及虚拟电厂、新能源及储 能产业方向的持续突破。公司产品不断创新，市场持续突 破，公司及子公司合计中标额超 54 亿元，实现持续增长， 为高质量发展奠定了基础。 编号：【2025】第 004 号 | 投资者 | 特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 关系活动类别 | 业绩说明会 □新闻发布会 □路演活动 ☑ | | | □现场参观 □其他 （请文字说明其他活动内容） | | 参与单位 | 鹏华基金、龙航资管、易方达基金、中国人保资管、光大保德信基 | | | 金、同泰基金、西部证券、华泰证券、中泰证券、泉果基金、国泰 | | | 海通、国信证券、中金公司、中信建投、天风证券、长江证券、东 | | | 方财富、兴业证券、英大证券 | | 时间 | 2025 年 8 月 25 日 15：00-16：00 | | 地点 | "进门财经"电话会议 | | 上市公 ...

#中国7月用电量过万亿度创世界纪录#的话题近日登上微博热搜。据国家能源局发布的数据，今年7月，全社会用电量达1.02万亿千瓦时，这是我国月度全社 会用电量规模首次突破万亿千瓦时大关。业内人士表示，7月全社会用电量实现新突破，一方面，表明产业结构转型升级取得较大成效；另一方面，也体现 出中国能源电力供应的保障能力能够支撑经济社会发展的需要。高技术及装备制造业、互联网、充换电三大高用电赛道打造中国经济"脱碳不减量"的新范 式，数据中心、芯片厂、整车厂正在替代钢铁、水泥成为新的"用电锚"，而其背后是资本开支从地产链转向硬科技链，为绿电溢价和虚拟电厂创造商业空 间。 发电侧同样创下新高。今年7月，国家能源集团完成发电量1237亿千瓦时，同比增长8.4%，刷新单月发电量历史纪录。其中，日发电量连续16天超40亿千瓦 时，7月28日发电量达42.7亿千瓦时，创今年以来单日发电量新高和"迎峰度夏"历史新高。 新质生产力推动用电增长 来自国家能源局的数据显示，在今年7月全社会用电量中，第一产业用电量170亿千瓦时，同比增长20.2%；第二产业用电量5936亿千瓦时，同比增长4.7%； 第三产业用电量2081亿千瓦时，同比增长 ...

业绩简评 8 月 22 日，公司披露 2025 年半年报，1H25 实现营业收入 3.2 亿元，同比+43.2%，归母净利润 0.5 亿元，同比+32.5%，实现毛 利率 61.4%，同比-5.9pct；Q2 实现营业收入 1.8 亿元，同比+45.7%， 归母净利润 0.3 亿元，同比+31.3%，实现毛利率 65.7%，同比 -3.2pct，Q2 业绩符合预期。 经营分析 发电功率预测业务快速增长，领先优势稳固。受新能源装机景气 度&分布式"四可"管理要求，截至 25H1，公司功率预测业务服务 电站数量净新 1116 家，净增数量远超历史水平，用户数量达到 5461 家，细分行业市占率保持领先。公司自研"旷冥"新能源大 模型持续迭代，综合功率预测精度保持行业领先，25H1 公司功率 预测业务实现营收 2.1 亿元，同比+55.1%，毛利率 61.6%，同比 -11.9pct，主要系公司新建电站客户数量较多，低毛利功率预测 设备占比提升影响。 并网控制、新能源管理业务日臻优化产品功能、短期营收承压。 1）并网控制：传统控制类产品的参数及性能优化升级，分布式并 网融合终端产品的销售区域已逐步拓展至十余个省份， ...

公司方面，据华西证券表示 配网/虚拟电厂：东方电子； 据央视财经8月21日报道，国家能源局今天对外发布了7月全社会用电量，达1.02万亿千瓦时，同比增长 8.6%。比十年前翻了一番，相当于东盟国家全年的用电量。突破万亿千瓦时大关，属全球首次。 报道指出，河南、陕西、山东等省居民生活用电量同比增长超过30%。从7月数据来看，新能源占比显 著提升，风电、太阳能、生物质发电量快速增加，占比接近总量的四分之一，体现出我国能源绿色转型 的步伐正在加快。 点评：华西证券指出，2023年国家电网电网投资额超5200亿元，2024年超6000亿元，2025年预计超6500 亿元，投资力度持续加大。加大电网投资包括建设特高压、提升区域电网互联互通能力、部署智能电网 技术等是促进新能源消纳、提升电力系统灵活性和韧性，将为新型电力系统建设提供重要支撑。 华泰证券指出，在新能源大规模并网和新型电力系统加速建设的背景之下，国家通过多项政策对电网调 度能力的优化提出了明确要求。 如2024年12月发布的《电力系统调节能力优化专项行动实施方案（2025-2027年）》要求电力调度机构 通过智能化改造实现各类调节资源分级精细化管理。 在分布 ...

随着全国统一电力市场"1+6"基础规则体系的初步建成，电力市场的"制度骨架"愈发清晰，为各类市场主体提供了统一 的"度量衡"与行动指南。 在这一背景下，虚拟电厂作为聚合分布式能源、激活用户侧灵活性的关键载体，迎来了从"试点探索"向"规模化发展"跨 越的重要契机。在统一电力市场中，虚拟电厂扮演怎样的角色？依托"1+6"基础规则体系，虚拟电厂如何在资源整合、 市场参与、商业模式创新等方面实现突破，构建"源网荷储"高效协同的能源生态？围绕这些问题，中能传媒记者专访了 天合光能数字能源中心负责人廖宇。 全国统一电力市场"1+6"基础规则体系的初步建成，对虚拟电厂的发展环境带来了哪些根本性转变？ 廖宇： 全国统一电力市场"1+6"基础规则体系的初步建成，为虚拟电厂的发展营造了规范化、市场化的全新环境，其根 本性转变主要体现在为行业确立了统一的"度量衡"，使虚拟电厂的运营与交易有了明确的规则遵循。 与体系建成前相比，虚拟电厂在多方面将发生显著变化： 一是明确主体地位。 《电力市场运行基本规则》明确了虚拟电厂的市场经营主体地位，"1+6"规则体系将其纳入计量结 算体系，为虚拟电厂提供了清晰的准入路径和公平的市场地位，为未来 ...

Industry Information - In July, China's power battery installation volume reached 55.9 GWh, a year-on-year increase of 34.3%, with lithium iron phosphate accounting for 80.4% of the total [9][10] - The China Association of Automobile Manufacturers reported that in July, 1.262 million new energy vehicles were sold, marking a year-on-year growth of 27.4% [9][10] - Cumulative production of power and other batteries from January to July reached 831.1 GWh, with a year-on-year increase of 57.5% [9] - Cumulative installation volume of power batteries from January to July was 355.4 GWh, a year-on-year increase of 45.1% [9] - The cumulative sales of new energy vehicles from January to July reached 8.23 million units, with a year-on-year increase of 39.2% [10] Policy Information - A new national standard for the transportation of power lithium batteries will be implemented starting February 1, 2026, focusing on safety and efficiency in transport [21] - The Qinghai Provincial Energy Bureau is soliciting opinions on the management measures for electric vehicle charging and swapping infrastructure [21] - The Shenzhen Development and Reform Commission is seeking feedback on local standards for supercharging stations and their integration with the urban power grid [21] - The Jilin Provincial Energy Bureau has issued guidelines for subsidies related to the construction and operation of battery swapping stations [21] - The Guangzhou Municipal Industry and Information Technology Bureau has released a plan for the high-quality development of virtual power plants, aiming for a capacity of 5 million kW by the end of 2027 [20] Company Information - CATL has launched a battery repair service to address the high costs associated with battery replacement, offering repair prices significantly lower than full battery replacement costs [13] - A new battery recycling company has been established with an investment of 650 million yuan, focusing on the recycling and reuse of used power batteries [15] - The project for CATL's extreme film project has commenced in Xining, Qinghai, marking a significant step in their strategic cooperation with the city [17] - The Sea Owl flying car global headquarters project has started construction, with a total investment of approximately 1 billion yuan [17] - The first resident vehicle-grid interaction pilot project has been launched in Guangzhou, allowing electric vehicles to supply power back to the grid [17][18]

Core Insights - Shanghai's virtual power plant successfully implemented a demand response initiative, achieving a maximum response load of 1.1627 million kilowatts, surpassing last year's 704,300 kilowatts, marking a significant milestone in its operational capabilities [1] - The virtual power plant integrates various controllable power resources, acting as a "city power regulation pool" to alleviate electricity shortages during peak demand [2] - The initiative has expanded to include residential communities, with successful load reductions achieved through automated adjustments in community facilities [4] Group 1: Virtual Power Plant Development - The virtual power plant in Shanghai has transitioned from "technical validation" to "normal application," showcasing practical capabilities in load regulation and response speed [1] - As of August, the virtual power plant management center has connected with 49 operators, with a total declared adjustable capacity of 2.0324 million kilowatts, an increase of 81.17% compared to the end of 2024 [2] - The rapid adjustment capability of the virtual power plant has been upgraded, achieving a second-level response capacity of 546,800 kilowatts for building air conditioning and charging stations [2] Group 2: Innovative Applications - Shanghai has initiated large-scale vehicle-to-grid (V2G) applications, allowing electric vehicles to discharge power back to the grid, contributing 2,600 kilowatts during the demand response [3] - The industrial park has actively participated in the initiative, achieving cost reduction and energy savings through load adjustments, with air conditioning systems accounting for 50% of the total load [3] - The community virtual power plant response was successfully tested, with a community center reducing 80 kilowatts of load by automatically adjusting air conditioning and lighting [4] Group 3: Future Potential - Data centers are identified as a significant potential contributor to the virtual power plant, with their electricity consumption projected to reach 5 billion kilowatt-hours by 2024, nearing 3% of the city's total electricity usage [5] - Participation in the virtual power plant can yield financial subsidies, with estimates suggesting that data centers could save 1% on electricity costs annually by participating in load balancing [5] - A recent test demonstrated the feasibility of transferring computing tasks across regions to optimize power consumption, marking a potential advancement in virtual power plant technology [6]

Core Insights - On August 14, State Grid Shanghai Electric Power Company successfully implemented a demand response initiative for virtual power plants, achieving a maximum response load of 1.1627 million kilowatts, setting a new record for Shanghai's virtual power plant operations [1][3][6] Group 1: Virtual Power Plant Operations - The maximum response load during the initiative reached 1.1627 million kilowatts around 16:00, marking a significant achievement in the operational capacity of virtual power plants in Shanghai [1][3] - The initiative involved 47 virtual power plant operators, aggregating diverse resources such as data centers, building air conditioning, and charging stations to support the stability of the Shanghai power grid during peak demand [1][3][5] Group 2: Technological Advancements - Virtual power plants are evolving from "technical validation" to "regular application," with the Shanghai Virtual Power Plant Management Center connecting 49 operators and reporting a total adjustable capacity of 2.0324 million kilowatts, an increase of 81.17% compared to the end of 2024 [5] - The initiative included the first large-scale application of vehicle-to-grid (V2G) technology, allowing electric vehicles to discharge back to the grid, contributing 0.26 million kilowatts to the overall response [4][5] Group 3: Economic and Environmental Impact - Participating companies, such as Shanghai Xinzhuang Industrial Zone Economic and Technological Development Co., effectively reduced costs and achieved energy-saving goals by adjusting their electricity load, particularly through optimizing air conditioning settings [4] - The initiative not only provided immediate economic benefits to participating companies but also contributed to broader goals of energy efficiency and carbon reduction [4] Group 4: Future Developments - A summit titled "2025 Second Virtual Power Plant (Shanghai) Forum" is scheduled for August 21-22, focusing on the current status, technological breakthroughs, market mechanisms, and practical paths for virtual power plants, aiming to create a global innovation community [7]

Group 1 - The stock price of Jingyi Co., Ltd. is reported at 11.30 yuan as of August 11, 2025, with a decrease of 0.10 yuan, representing a decline of 0.88% from the previous trading day [1] - The trading volume on the same day was 166,900 hands, with a total transaction amount of 188 million yuan [1] - Jingyi Co., Ltd. is primarily engaged in the processing and trading of non-ferrous metals, and is also involved in emerging fields such as virtual power plants [1] Group 2 - The company held its second extraordinary general meeting of shareholders in 2025 on August 11, where it approved the proposal to supplement the non-independent directors of the eighth board of directors [1] - On August 11, there was a net outflow of main funds amounting to 12.56 million yuan, with a cumulative net outflow of 70.29 million yuan over the past five trading days [1]

Core Insights - The emergence of virtual power plants represents a multi-trillion yuan market, transforming energy management by integrating distributed resources into a cohesive system [1][2] - Virtual power plants act as intelligent managers of the power system, coordinating various devices to ensure grid stability and economic efficiency during peak demand [2][3] - The Chinese government is actively promoting the development of virtual power plants, aiming for a national regulation capacity of over 20 million kilowatts by 2027 [2][3] Industry Development - Virtual power plants are gaining traction across various regions, with local governments recognizing the urgent need for energy transition and optimization of power systems [3][4] - Major energy companies are integrating distributed energy resources to establish operational platforms for virtual power plants, while technology firms focus on implementing these projects [4][5] - The current landscape shows a collaborative model among generation, operation, and grid sectors, indicating a shift towards a more intelligent and flexible energy system [4][5] Market Dynamics - The transition from subsidy-driven to market-driven models is evident, with virtual power plants increasingly responding to market signals and optimizing resource management [6][7] - Companies like HeKang New Energy and Xiexin Energy are leveraging virtual power plant platforms to enhance their operational efficiency and market participation [6][7] - The Southern Power Grid has reported significant capacity and adjustment capabilities, indicating the growing impact of virtual power plants on the energy market [6][7] Challenges and Solutions - Standardization issues in resource aggregation pose significant challenges for virtual power plants, as diverse devices from different manufacturers create compatibility problems [7][8] - The establishment of a fair and transparent revenue-sharing mechanism is crucial for ensuring all participants benefit from the virtual power plant model [8][9] - Experts suggest utilizing blockchain technology and precise measurement tools to create an intelligent accounting platform that aligns resource contributions with revenue distribution [8][9] Future Outlook - Industry stakeholders express optimism about the future of virtual power plants, anticipating improved solutions to current challenges as the market matures [9]