Core Viewpoint - Samsung Medical (601567.SH) announced that its wholly-owned subsidiary, Ningbo Aokex Intelligent Technology Co., Ltd., has been recommended as a candidate for the bid in the Southern Power Grid Company's 2025 distribution network equipment second batch framework bidding project, with an expected bid amount of approximately 321 million yuan [1] Group 1 - The company is the recommended candidate for multiple products in the bidding project, including 10kV oil-immersed transformers (excluding amorphous alloy types), 10kV amorphous alloy oil-immersed distribution transformers, 10kV SCB dry-type transformers, 10kV pre-assembled substations, 10kV SF6 fully insulated circuit breaker cabinets (safety controllable), and 10kV outdoor switch boxes with SF6 fully insulated circuit breakers (safety controllable) [1] - The estimated bid amount of approximately 321 million yuan is based on the company's pre-bid quantity and pricing calculations [1]

证券代码：601567 证券简称：三星医疗 公告编号：临 2026-005 关于子公司经营合同预中标的提示性公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 宁波三星医疗电气股份有限公司（以下简称"公司"）下属全资子公司宁波奥克 斯智能科技股份有限公司（以下简称"奥克斯智能科技"）于近日在南方电网公司2025 年配网设备第二批框架招标项目中被推荐为中标候选人，预计中标金额约为32,051.62 万元，现将预中标情况公告如下： 一、预中标项目的主要内容 宁波三星医疗电气股份有限公司 中国南方电网有限责任公司近日在中国南方电网供应链统一服务平台公告了"南 方电网公 司2025年配网设 备第二批框架招 标项目中标公 示"（招标编 号： CG2700022002189734），公司为此项目中标候选人。 二、预中标项目对公司业绩的影响 本次公司合计中标金额约为32,051.62万元，交货时间需根据实际合同要求确定。 上述项目中标后，其合同的履行将对公司的经营工作和经营业绩产生积极的影响，但 不影响经营的独立性。 三、预中标项目风险提示 根 ...

Core Viewpoint - Samsung Medical (601567.SH) announced that its wholly-owned subsidiary, Ningbo Aokex Intelligent Technology Co., Ltd., has been recommended as a candidate for the bidding project of the Southern Power Grid Company's 2025 distribution network equipment, with an expected bid amount of approximately 321 million yuan [1] Group 1 - The company is a candidate for the bidding project involving various electrical equipment, including 10kV oil-immersed transformers, 10kV amorphous alloy oil-immersed distribution transformers, and 10kV SCB dry-type transformers [1] - The expected bid amount of approximately 321 million yuan is based on the company's pre-bid quantity and pricing calculations [1] - The project includes several automated complete sets of equipment, such as 10kV outdoor switchgear SF6 fully insulated circuit breaker automation complete sets [1]

三星医疗公告，下属全资子公司宁波奥克斯智能科技股份有限公司于近日在南方电网公司2025年配网设 备第二批框架招标项目中被推荐为中标候选人，预计中标金额约为3.21亿元。 ...

证券日报网讯2月9日，三星医疗（601567）在互动平台回答投资者提问时表示，智能配电产品方面，公 司实现35kV及以下配电主营产品全覆盖，并推出变压器、环网柜、环保气体柜、智能配电终端、一二 次融合成套设备、高低压开关成套设备、智能化预装式变电站等。海外配电方面，公司重点聚焦欧洲、 中东、拉美等优势市场的电网客户持续突破。根据公司已披露的信息，已中标希腊、墨西哥、巴西、匈 牙利等地的变压器订单。 ...

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、准确性和完整性承担法律责任。 证券代码：601567 证券简称：三星医疗 公告编号：临2026-004 宁波三星医疗电气股份有限公司 关于为子公司提供担保的进展公告 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | Ningbo | Sanxing Electric 下简称"三星瑞典"） | (Sweden) AB（以 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 8.34 | 万欧元（约 68.35 | 万人民币） | | 担保对象 | 实际为其提供的担保余额 | 2,402.53 | 万元（含本次担保） | | | | 是否在前期预计额度内 | 是 | □否 □不适用：_________ | | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 975, ...

三星医疗公告称，因全资子公司三星瑞典投标业务需要，公司近日向中国银行申请开立8.34万欧元（约 68.35万元）保函，担保期限至2030年2月28日。截至公告日，公司对其实际担保余额达2402.53万元。公 司累计对外担保总额97.54亿元，占2024年度净资产的80.73%，无逾期担保情况。该担保事项已履行必 要审批程序，风险总体可控。 ...

Investment Rating - The industry rating for electrical equipment is maintained as "Overweight" [8] Core Insights - The new standard for electric meters has led to a price rebound, with expected price increases of over 20% in the upcoming bidding rounds, indicating a recovery in profitability for the industry [2][5] - The introduction of the new standard and the demand for supplementary bidding in 2026 are expected to result in high overall demand for electric meters, benefiting leading companies with technological advantages [4][5] Summary by Sections Price Trends - The bidding prices for electric meters in the third batch of 2025 saw significant increases, with A, B, C, D, and high-end smart meters rising by 55%, 46%, 37%, 111%, and 53% respectively compared to the second batch [2] - The new bidding process has set clear price limits for various types of electric meters, with expected price increases of over 20% compared to the previous batch [2][3] Demand Outlook - The total bidding volume for electric meters in 2025 was 66.47 million units, with a low actual bidding volume of 49.52 million units, indicating strong replenishment demand for 2026 [4] - The historical trend shows that new standards typically lead to increased demand in subsequent bidding rounds, suggesting a potential for rapid growth in 2026 [4] Company Recommendations - Companies recommended for investment include Samsung Medical, Oriental Electronics, and Juhua Technology, which are expected to gain higher market shares due to their technological advantages in the early stages of the new standard implementation [5][11]

Group 1 - The core viewpoint of the report indicates that the power industry is expected to undergo high-quality development due to accelerated marketization and ongoing reforms in the electricity system in China, particularly in the context of the "dual carbon" strategy [2] - The report highlights that the investment in the power grid is anticipated to increase, with significant growth in transformer exports to the U.S. and other countries in the first nine months of 2025 [4] - The report emphasizes the importance of gas turbines as a primary solution for addressing electricity shortages in the U.S., with Chinese companies expected to expand their presence in international markets [4] Group 2 - The report notes that the construction of ultra-high voltage (UHV) power lines is likely to accelerate due to the rising demand for green electricity, despite a slowdown in construction during the latter part of the 14th Five-Year Plan [3] - The investment in distribution networks is expected to become a key focus during the 15th Five-Year Plan, as the reliability of power supply is challenged by the rapid growth in peak electricity load [3] - The profitability of wind power equipment is projected to continue improving, with domestic companies accelerating their international expansion, supported by high bidding volumes and rising prices [5]

Group 1 - The power industry is expected to achieve high-quality development as it enters a year of comprehensive marketization, driven by the "dual carbon" strategy and accelerated reforms in the electricity system [3][7][8] - The electricity market reform is set to fully unfold in the 15th Five-Year Plan, with significant policies introduced in the final year of the 14th Five-Year Plan that will have far-reaching impacts [3][11][12] - The core idea of the electricity reform is to reflect the different values of power sources (energy value, capacity value, adjustment value, and clean value) in market pricing, which has been historically dominated by energy value due to the predominance of coal power [8][10] Group 2 - The reform is expected to accelerate the construction of ultra-high voltage (UHV) and distribution networks, with UHV construction likely to speed up again as green electricity demand rises [3][16][24] - The investment in distribution networks has been low, with a continuous decline in the investment ratio, but this is expected to change as the demand for reliable power supply increases [28][34][41] - The introduction of capacity pricing for UHV and distribution networks is anticipated to stabilize project returns and promote the development of related projects [26][41] Group 3 - The surge in AI investments is projected to significantly increase electricity demand in the U.S., with OpenAI planning to deploy over 250GW of computing power by 2033, which could lead to a substantial electricity shortfall [45][49] - The U.S. electricity demand has been stagnant, but projections indicate that by 2030, peak load could approach 1000GW, driven largely by data centers [49][51] - The anticipated increase in electricity demand from AI investments presents a significant opportunity for companies involved in power generation and distribution [45][49] Group 4 - The profitability of wind turbine manufacturers is expected to improve, with domestic companies accelerating their international expansion as domestic bidding volumes remain high and prices trend upward [3][4] - Companies such as Goldwind Technology, Yunda Co., Mingyang Smart Energy, and Sany Heavy Industry are recommended for investment due to their competitive advantages in cost and market position [3][4]