证券代码：688517 证券简称：金冠电气 公告编号：2026-004 金冠电气股份有限公司 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载金冠电气股份有限公司（以下简称"公司"）2025年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司2025年年度报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币元 ■ 注：1.本报告期初数同法定披露的上年年末数。 2025年度，公司实现营业总收入73,048.41万元，较上年同期增长11.04%；实现归属于母公司所有者的 净利润8,121.80万元，较上年同期减少10.87%；实现归属于母公司所有者的扣除非经常性损益的净利润 7,291.12万元，较上年同期减少11.41%。 2025年末，公司总资产135,299.89万元，较报告期初增长5.61%；归属于母公司的所有者权益81,975.96 万元，较报告期初增长0.60%。 2.影响经营业绩的主要因素 报告期内，公司避雷器、电阻片、充电桩产 ...

金冠电气(688517.SH)披露2025年度业绩快报，2025年度公司实现营业总收入7.3亿元，同比增长11.04%; 归属于母公司所有者的净利润8121.8万元，同比下降10.87%。 报告期内，公司避雷器、电阻片、充电桩产品业务销售订单持续增长，推动公司整体营业收入较上年同 期实现增长。受市场竞争及成本因素影响，配网产品、充电桩产品毛利率均出现不同程度下降，对公司 整体盈利水平造成一定影响。 ...

金冠电气(688517.SH)披露2025年度业绩快报，2025年度公司实现营业总收入7.3亿元，同比增长11.04%; 归属于母公司所有者的净利润8121.8万元，同比下降10.87%。 报告期内，公司避雷器、电阻片、充电桩产品业务销售订单持续增长，推动公司整体营业收入较上年同 期实现增长。受市场竞争及成本因素影响，配网产品、充电桩产品毛利率均出现不同程度下降，对公司 整体盈利水平造成一定影响。 ...

报告期内，公司避雷器、电阻片、充电桩产品业务销售订单持续增长，推动公司整体营业收入较上年同 期实现增长。受市场竞争及成本因素影响，配网产品、充电桩产品毛利率均出现不同程度下降，对公司 整体盈利水平造成一定影响。 格隆汇2月26日丨金冠电气(688517.SH)公布2025年度业绩快报，2025年度，公司实现营业总收入7.3亿 元，较上年同期增长11.04%；实现归属于母公司所有者的净利润8,121.80万元，较上年同期减少 10.87%；实现归属于母公司所有者的扣除非经常性损益的净利润7,291.12万元，较上年同期减少 11.41%。 ...

金冠电气公告称，2025年度公司实现营业总收入7.30亿元，同比增长11.04%；归属于母公司所有者的净 利润8121.80万元，同比减少10.87%；扣非净利润7291.12万元，同比减少11.41%。2025年末，公司总资 产13.53亿元，较期初增长5.61%；归母所有者权益8.20亿元，较期初增长0.60%。业绩变动因避雷器等 业务订单增长推动营收提升，但配网及充电桩产品毛利率下降影响盈利。该数据为初步核算，未经审 计。 ...

Core Viewpoint - China Electrical Equipment Group Co., Ltd. is a key state-owned enterprise responsible for domestic power equipment replacement and energy transition, formed through the restructuring of several companies in 2021 [1] Group 1: Company Overview - China Electrical Equipment Group is headquartered in Shanghai and includes seven listed companies, covering the entire industrial chain in the power transmission and distribution equipment sector [1] - The group plays a significant role in national strategic tasks such as the localization of power equipment and the transition to clean and low-carbon energy [1] Group 2: Key Companies - China XD Electric (stock code: 601179) specializes in R&D and manufacturing of high, ultra-high, and extra-high voltage transmission and distribution equipment, being the only domestic company capable of producing complete sets of transmission and transformation equipment [3] - XJ Electric (stock code: 000400) is a leader in extra-high voltage converter valves and DC control protection systems, with a market share exceeding 40% for converter valves and 30-40% for control protection systems [5] - Pinggao Group (stock code: 600312) is a leading enterprise in the extra-high voltage AC switch sector, focusing on the R&D and manufacturing of gas-insulated switchgear (GIS) across voltage levels from 500kV to 1100kV [7] - Baoguang Co., Ltd. (stock code: 600379) is a leading manufacturer of vacuum circuit breakers and has a global market share of 23.5%-32.7% in vacuum interrupters, exporting to over 40 countries [9] - Xihua Institute (stock code: 688334) is the only national third-party testing and certification institution in the high-voltage electrical field, providing unique advantages in technical authority and standard-setting [11] - Baobian Electric (stock code: 600550) specializes in high-voltage, large-capacity transformers, with a strong market presence in the ultra-high voltage and nuclear power sectors [13] - Hongsheng Huayuan (stock code: 601096) focuses on the R&D, production, and sales of transmission line towers, covering all voltage levels including extra-high voltage [14] Group 3: Industry Position and Potential - The seven listed companies under China Electrical Equipment Group are industry leaders, with China XD Electric having the highest market capitalization and revenue [16] - XJ Electric is recognized for its strong supporting capabilities in the power equipment sector, while Pinggao Group is a key player in the high-voltage switch industry [16] - Baobian Electric is one of the largest specialized manufacturers of transmission and transformation equipment in China, indicating a robust industrial cluster with significant growth potential in the context of power grid construction cycles [16]

Core Viewpoint - Jin Guan Electric has won bids for 35kV-220kV and 500kV line lightning arresters, totaling 28.8691 million yuan, which is approximately 3.88% of the company's projected revenue for 2024, positively impacting future performance [1] Group 1: Company Performance and Market Position - Jin Guan Electric has ranked among the top bidders for lightning arresters in the State Grid's procurement over the past three years [1] - The company has successfully secured contracts for significant high-voltage projects in 2025, with a total bid amount of 170 million yuan [1] - The company is recognized as one of the four enterprises in China with the capability to develop and manufacture ultra-high voltage lightning arresters, indicating a strong competitive and technological advantage [2] Group 2: Industry Context and Future Prospects - The ongoing construction of China's power grid is closely linked to the company's success in securing bids for lightning arresters [3] - The National Energy Administration reported a 16.1% year-on-year increase in total installed power generation capacity, reaching 3.89 billion kilowatts by the end of 2025, which bodes well for the company [4] - Jin Guan Electric plans to enhance its technological development and innovation, focusing on optimizing resistor formulations and expanding its product range to maintain its competitive edge [4] - The company is positioned to benefit from the significant investments in the new power system and smart grid construction, with a historical high in fixed asset investments projected [5]

Core Viewpoint - The company is actively enhancing its winter power supply safety measures by replacing aging lightning arresters on the 35 kV Zhaiqing line to ensure stable electricity supply during the winter season [1][3]. Group 1: Equipment Maintenance and Safety - Lightning arresters are crucial for preventing overvoltage and ensuring the stable operation of power transmission lines, directly impacting residential electricity safety [3]. - Aging and performance degradation of some lightning arresters on the 35 kV Zhaiqing line pose significant risks, especially during adverse weather conditions like rain and snow [3]. - The company has completed the installation of 274 lightning arresters across 17 lines, including the 35 kV Zhaiqing line, to eliminate safety hazards [4]. Group 2: Operational Excellence and Training - The replacement work was conducted under the principles of "self-implementation, practical training, and eliminating hidden dangers," enhancing the team's ability to independently address equipment issues [3]. - The operational team adhered to standardized procedures, ensuring safety measures were in place and that all tasks were performed meticulously to guarantee quality and safety [3]. - The company aims to continuously focus on winter power supply tasks, regularly conducting equipment inspections and practical training to strengthen emergency response capabilities [4].

证券日报网讯 1月27日，中国西电（601179）在互动平台回答投资者提问时表示，公司控股上市公司西 安高压电器研究院股份有限公司（西高院）具备隔离开关、避雷器以及部分整流变压器的实验能力。 ...

Core Viewpoint - China Xidian (601179) announced on December 30 that its subsidiaries won bids for various electrical equipment in the latest procurement by State Grid Corporation, totaling 1.447 billion yuan [1] Group 1: Procurement Announcement - On December 30, the State Grid Corporation of China released the procurement announcement for the 85th batch of 2025, which includes the sixth bidding for substation equipment [1] - A total of 14 subsidiaries of China Xidian were identified as successful bidders for the procurement [1] Group 2: Products and Financials - The products won in the bidding include transformers, combined electrical devices, isolating switches, switchgear, capacitors, current transformers, and lightning arresters [1] - The total bid amount for the awarded contracts is 1.447 billion yuan [1]