<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/">
  <channel>
    <title>变压器 on 黑洞研报</title>
    <link>https://dark-hole.com/tags/%E5%8F%98%E5%8E%8B%E5%99%A8/</link>
    <description>Recent content in 变压器 on 黑洞研报</description>
    <image>
      <title>黑洞研报</title>
      <url>https://dark-hole.com/images/papermod-cover.png</url>
      <link>https://dark-hole.com/images/papermod-cover.png</link>
    </image>
    <generator>Hugo -- 0.154.5</generator>
    <language>zh-cn</language>
    <lastBuildDate>Tue, 10 Mar 2026 10:00:00 +0000</lastBuildDate>
    <atom:link href="https://dark-hole.com/tags/%E5%8F%98%E5%8E%8B%E5%99%A8/index.xml" rel="self" type="application/rss+xml" />
    <item>
      <title>【东北电新】正泰电器-最便宜的AI电力设备，产品扩张估值重构-03.09</title>
      <link>https://dark-hole.com/posts/20260310_00002/</link>
      <pubDate>Tue, 10 Mar 2026 10:00:00 +0000</pubDate>
      <guid>https://dark-hole.com/posts/20260310_00002/</guid>
      <description>正泰电器2026年利润预计57亿元，仅14倍PE，AI电力设备收入高增长，新产品SST/HVDC/变压器布局，目标市值1400亿元。</description>
    </item>
    <item>
      <title>【国金电新】三星医疗：变压器出海低估标的，持续大涨</title>
      <link>https://dark-hole.com/posts/20260309_00007/</link>
      <pubDate>Mon, 09 Mar 2026 10:00:00 +0000</pubDate>
      <guid>https://dark-hole.com/posts/20260309_00007/</guid>
      <description>三星医疗长期被误读为电表公司，变压器出海实现0-1突破，在欧洲高端市场中标9.5亿订单，价值重估在即。预计26年归母净利润24亿元，目标市值600亿元。</description>
    </item>
    <item>
      <title>【天风电新】AIDC电力：安靠智电再推荐-0305</title>
      <link>https://dark-hole.com/posts/20260306_00001/</link>
      <pubDate>Fri, 06 Mar 2026 14:30:00 +0000</pubDate>
      <guid>https://dark-hole.com/posts/20260306_00001/</guid>
      <description>安靠智电变压器出海北美，对接AIDC运营商和电力公司，26年海外订单有望达7亿元&#43;，27年产值15-20亿元，目标市值170亿元。</description>
    </item>
    <item>
      <title>【HCDX】电力大周期：美国“虹吸”全球产能，中国企业迎出海黄金期</title>
      <link>https://dark-hole.com/posts/20260305_00007/</link>
      <pubDate>Thu, 05 Mar 2026 00:00:00 +0000</pubDate>
      <guid>https://dark-hole.com/posts/20260305_00007/</guid>
      <description>美国变压器需求爆发，海外产能见顶，中国企业迎来2-3年出海黄金窗口期，建议关注思源电气、金盘科技等。</description>
    </item>
  </channel>
</rss>
