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Southern Network Technology: Report for the first quarter of 2025
Express News | Southern Grid Technology: Chairman Wu Yizhu resigned due to adjustments in work arrangements.
Express News | Guangzhou Automobile Group and others have invested in Guangdong New-Type Energy Storage.
Semiconductors rise in adversity, Innovative Drugs make significant strides overseas, and Star companies work together to cope with external shocks.
① The increase in tariffs impacts the global business order, and companies on the Star are responding to challenges with their own innovations, becoming an important force in promoting Technology self-reliance and strength; ② Industry insiders point out that changes in overseas trade policies will force China's high-end manufacturing sector to further enhance its Technology innovation level, Industry Chain resilience, and globalization capabilities, thereby maintaining strategic determination and competitive advantage amidst tariff impacts, and accumulating energy for China to gain initiative in international competition.
Southern Network Technology (688248): Rapid growth of Silk Road modules, testing and inspection is expected to be released in 25 years.
In 2024, the revenue was 3.014 billion yuan, with a year-on-year increase of +18.77%. The net income attributable to the parent company was 0.365 billion yuan, an increase of +29.79% year-on-year. The net income was lower than our previous expectation of 0.42 billion due to performance issues in energy storage projects.
Southern Network Technology: 2024 Annual Report