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平高电气(600312):业绩持续高增,高压板块贡献显著
Changjiang Securities· 2025-05-06 23:30
丨证券研究报告丨 公司研究丨点评报告丨平高电气(600312.SH) [Table_Title] 业绩持续高增,高压板块贡献显著 %% %% 报告要点 [Table_Summary] 公司发布 2024 年年报和 2025 年一季报。公司 2024 年全年营业收入 124.0 亿元,同比+12.0%; 归母净利润 10.2 亿元,同比+25.4%;扣非净利润 9.9 亿元,同比+23.0%。单季度看,公司 2024Q4 营业收入 45.2 亿元,同比+24.4%,环比+58.8%;归母净利润 1.7 亿元,同比-36.9%, 环比-48.6%;扣非净利润 1.4 亿元,同比-44.4%,环比-54.3%。公司 2025 一季度营业收入 25.1 亿元,同比+22.8%;归母净利润 3.6 亿元,同比+55.9%;扣非净利润 3.6 亿元,同比+56.2%。 分析师及联系人 [Table_Author] 邬博华 曹海花 司鸿历 袁澎 SAC:S0490514040001 SAC:S0490522030001 SAC:S0490520080002 SAC:S0490524010001 SFC:BQK482 SFC ...
长高电新(002452) - 002452长高电新投资者关系管理信息20250506
2025-05-06 12:08
Group 1: Financial Performance - In Q1 2025, the company achieved a total revenue of 33,908.49 million CNY, with total operating costs of 31,071.54 million CNY, resulting in an operating profit of 4,012.08 million CNY and a net profit attributable to shareholders of 3,344.91 million CNY [3] - The proposed cash dividend for the 2024 fiscal year is 0.8 CNY per 10 shares, totaling 49,626,566.80 CNY, pending approval at the annual shareholders' meeting [6] Group 2: Strategic Focus and R&D - The company will focus on R&D in the field of power transmission and transformation equipment, with key projects including the development of 1000kV GIS and 35kV transformers [4] - Future R&D efforts will also include expanding the product line to cover various voltage levels and applications, emphasizing ultra-high voltage, green technology, and smart solutions [4] Group 3: Market Strategy and Customer Base - The company aims to diversify its customer base to mitigate risks associated with high concentration, currently serving major clients like State Grid and Southern Power Grid [2] - Plans to strengthen market presence in provincial and municipal power grid markets while expanding into external markets are in place [2] Group 4: Production and Expansion Plans - The company has three major production expansion projects scheduled, including a 1000kV GIS facility expected to start construction in June 2025 and be operational by the following year [8] - The company plans to optimize its business structure by consolidating underperforming subsidiaries and focusing on core competencies [5] Group 5: Market Position and Value Management - The company is committed to enhancing its market value through solid operational performance and effective investor relations management [8] - The company has received approval for a convertible bond issuance, with due diligence currently underway [8]