Group 1: EMS Development and Market Position - EMS3.0 integrates AI and renewable energy, enhancing the capabilities of EMS2.0, which focuses on centralized monitoring and management of microgrids [1] - EMS3.0 aims to optimize the operation of distributed energy resources and reduce electricity costs, adapting to new power system requirements [1] - The transition from traditional clients to new industry clients, particularly in parks and renewable energy sectors, indicates a significant improvement in the company's industry focus [1] Group 2: Financial Performance and Shareholder Returns - The company plans to maintain stable dividends to enhance shareholder returns and market recognition [1] - Continuous improvement in operational management is expected to drive core competitiveness and company value [1] Group 3: Future Growth Drivers - The rise of energy internet and carbon neutrality trends are driving industry demand and technological diversification [2] - The company is focusing on expanding its business in energy storage and photovoltaic sectors, providing intelligent microgrid solutions [2] - Emphasis on product transformation and upgrading through internet tools and cloud platforms to meet market demands [2]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 打造技术型销售团队，研发下沉助力推广 随着技术复杂性更高的EMS2.0和EMS3.0产品推出，销售团队的技术水平要求显著提升。公司形成研发与 销售联动，部分研发人员下沉市场，对销售团队进行技术指导，助力产品推广。 风险提示： 电改进度不及预期风险、渠道扩展不及预期风险、市场竞争加剧风险。 发布日期： 2025-04-24 报告摘要 事件： 2024年公司实现营业收入10.63亿元，同比减少5.24%，实现归母净利润1.70亿元，同比减少15.68%，扣非 归母净利润1.51亿元，同比减少18.07%，拟向全体股东每10股派发现金红利3元（含税）。2025Q1公司实 现营业收入2.43亿元，同比增长0.58%；实现归母净利润0.52亿元， ...

Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company being analyzed. Core Insights - The company has successfully implemented various solutions in the data center sector, enhancing power supply reliability and energy efficiency through its EMS2.0 product model [19] - The rapid advancement of AI technology is significantly driving investments in data centers, with a notable increase in capital expenditures expected in 2025 [19] - The recent policy from the National Development and Reform Commission aims to promote the marketization of renewable energy pricing, which will directly benefit the development of microgrids [20] Summary by Sections 1. Basic Research Information - The research was conducted on March 6, 2025, focusing on the power grid equipment industry, specifically involving the company Anke Rui [13] 2. Detailed Research Institutions - Various institutions participated in the research, including Wan Na Fund, Guotai Junan, and Zheshang Securities, among others [14][15] 3. Research Institution Proportions - The report provides a breakdown of the participating institutions but does not specify their proportions [17] 4. Main Content Information - The company has developed comprehensive product solutions for data centers, including battery monitoring and intelligent power distribution management [19] - The new policy encourages microgrid participation in the electricity market, enhancing economic opportunities while presenting cost control challenges [20][21] - The need for advanced scheduling and energy management systems is emphasized due to the increasing complexity of renewable energy integration [21] - The report highlights the importance of energy storage systems in stabilizing power fluctuations and enhancing microgrid competitiveness [21][22]