Core Viewpoint - The company, Green Energy Smart Charging Co., Ltd., emphasizes the authenticity, accuracy, and completeness of its quarterly report, with all board members and senior management assuming legal responsibility for the report's content [2][3]. Financial Data Summary - The third-quarter financial statements have not been audited [3]. - The report period refers to the three-month period from the beginning to the end of the quarter [3]. - The company has a dedicated repurchase account holding 22,269,400 shares, representing 3.16% of total shares, but this is not included in the top ten shareholders list [6]. Shareholder Information - There are no changes in the top ten shareholders or the status of shares lent out for margin trading compared to the previous period [5][7]. Other Important Information - The financial statements, including the consolidated balance sheet, profit statement, and cash flow statement, are prepared by the company and are unaudited [8].

Group 1 - The core viewpoint of the article highlights the significant growth in revenue and profitability for the company in the third quarter of 2025 compared to the previous year [1] - The company achieved a total operating revenue of 1.045 billion yuan, representing a year-on-year increase of 70.68% [1] - The net profit attributable to shareholders of the parent company reached 13.3765 million yuan, a turnaround from a loss of 3.2535 million yuan in the same period last year [1] - The basic earnings per share stood at 0.019 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥464,780,979.44, representing a year-on-year increase of 109.29%[5] - The total profit for the year-to-date period was ¥9,651,404.73, with a year-on-year increase of 70.68%[5] - The net profit attributable to shareholders for the third quarter was ¥12,714,771.74, with a year-to-date net profit of ¥13,376,479.46[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,045,067,338.54, a significant increase of 70.6% compared to ¥612,291,523.87 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥9,449,507.53, recovering from a loss of ¥6,026,155.29 in the first three quarters of 2024[20] - Net profit for the first three quarters of 2025 was ¥11,446,782.58, compared to a net loss of ¥4,176,184.42 in the same period of 2024[20] - The company reported a basic and diluted earnings per share of ¥0.0190 for the first three quarters of 2025, compared to a loss per share of ¥0.0047 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,172,351,805.42, reflecting a 38.74% increase compared to the previous year[6] - As of September 30, 2025, total assets reached CNY 2,172,351,805.42, an increase from CNY 1,565,762,881.00 on December 31, 2024, reflecting a growth of approximately 38.8%[15] - Current assets totaled CNY 1,874,008,734.64, up from CNY 1,258,104,480.46, indicating a growth of about 49% year-over-year[15] - The total liabilities increased to CNY 1,200,000,000, reflecting a significant rise in financial obligations[16] - Total liabilities increased to ¥1,609,546,149.99 in 2025 from ¥1,031,626,021.85 in 2024, indicating a growth of 55.7%[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥174,606,658.47, indicating cash outflows[5] - Cash flow from operating activities for the first three quarters of 2025 was negative at -¥174,606,658.47, worsening from -¥69,679,466.17 in the first three quarters of 2024[22] - The company’s cash inflow from operating activities totaled ¥813,527,280.72 in the first three quarters of 2025, compared to ¥564,119,164.93 in 2024, showing a growth of 44.1%[22] - The net cash flow from investing activities was -$15,162,669.25, a decrease from -$42,958,962.04 in the previous period[23] - Cash inflow from financing activities totaled $209,298,741.13, significantly up from $10,200,000.00 in the prior period[23] - The net cash flow from financing activities was $134,130,725.41, compared to a negative $91,166,648.01 previously[23] - The company experienced a net decrease in cash and cash equivalents of -$55,526,874.86, compared to -$203,693,447.80 previously[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,396[12] - The largest shareholder, Shenzhen Jinghong Yicheng Industrial Development Co., Ltd., holds 9.98% of the shares, with 32,275,000 shares pledged[12] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥49,367,840.46, up from ¥38,078,597.33 in the same period of 2024, indicating a focus on innovation[19] Operating Costs - The company reported a total operating cost of ¥1,010,461,430.67 for the first three quarters of 2025, compared to ¥614,020,610.62 in 2024, representing an increase of 64.4%[19] Other Financial Metrics - The company reported non-recurring gains of ¥567,780.32 for the current period, with total non-recurring gains for the year-to-date period at ¥1,107,371.54[8] - The company will not apply new accounting standards starting from 2025[24]

Market Overview - The other power equipment sector experienced a decline of 2.4% on the trading day, with Zhongheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock movements included: - Xinfuneng (300593) rose by 11.97% to a closing price of 27.23, with a trading volume of 642,500 shares and a turnover of 1.727 billion yuan [1] - Zhongheng Electric (002364) fell by 8.05% to a closing price of 25.60, with a trading volume of 621,900 shares and a turnover of 1.633 billion yuan [2] - Other significant declines included Maigemit (002851) down 5.48% and Yingjie Electric (300820) down 4.53% [2] Capital Flow - The other power equipment sector saw a net outflow of 2.227 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.740 billion yuan [2][3] - The capital flow for specific stocks indicated: - Zhongheng Electric had a net outflow of 14.05 million yuan from institutional investors [3] - ST Huaxi (002630) experienced a net inflow of 12.12 million yuan from retail investors despite a net outflow from institutional investors [3]

Core Viewpoint - Green Energy Hui Charging's stock price has shown fluctuations with a year-to-date increase of 9.26%, while facing a recent decline over the past 60 days [1][2]. Financial Performance - For the first half of 2025, Green Energy Hui Charging reported revenue of 580 million yuan, representing a year-on-year growth of 48.71%. However, the net profit attributable to shareholders was 661,700 yuan, a decrease of 35.07% compared to the previous year [2]. Stock Market Activity - As of October 27, the stock price was 8.26 yuan per share, with a trading volume of approximately 70.79 million yuan and a turnover rate of 1.69%. The total market capitalization stood at 5.817 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on May 30, where it recorded a net purchase of 21.32 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders increased by 24.16% to 41,700, while the average circulating shares per person decreased by 19.46% to 12,357 shares [2]. - The top ten circulating shareholders include notable funds such as Huaxia Leading Stock and Huaxia Growth Opportunity, with increases in their holdings [3]. Business Overview - Green Energy Hui Charging, established in December 1992 and listed in August 1999, operates primarily in railway special line transportation and new energy charging and storage businesses. The revenue composition is 96.47% from Green Energy Technology, 2.00% from Zhongchuang Aviation, and 1.52% from railway operations [1]. Dividend History - Since its A-share listing, Green Energy Hui Charging has distributed a total of 113 million yuan in dividends, with no dividends paid in the last three years [3].

Group 1 - A new company named Xianyang Economic Development Qionggong New Energy Co., Ltd. has been established with a registered capital of 250 million yuan [1] - The business scope of the new company includes manufacturing and sales of power distribution and control equipment, sales of charging piles, motor vehicle charging services, and energy storage technology services [1] - The company is jointly held by Green Energy Huichong (600212) and other stakeholders [1]

Robotics - Dongfang Electric Heat has sent samples of electronic skin to leading robotics companies [1] - Hongjing Optoelectronics has initiated research and development on humanoid robots and has sent samples [1] - Baolong Technology plans to gradually invest resources to expand its business in the robotics field [1] Deep Earth Economy - Boying Special Welding's anti-corrosion and anti-wear welding technology can be applied to oil pipelines in deep earth oil and gas transportation [1] - Baotailong's coal and graphite resources are currently not classified under the "deep earth economy" category [1] Consumer Electronics - Longli Technology's LIPO technology products have achieved mass production in projects such as wristbands and mobile phones [1] Charging and Swapping - Green Energy Smart Charging has technical and business cooperation with CATL in the charging and swapping business [1] - Dazhong Transportation has not yet engaged in the charging and swapping business [1] Other Developments - Huagong Technology has seen bulk shipments of 400G/800G optical modules from overseas equipment and channel vendors [1] - Lingyi Zhi Zao has made bulk shipments of cooling modules for international clients such as AMD [1] - Farah Electronics' capacitors are used in ultra-high voltage transmission and transformation applications [1] - Huate Gas has supplied a small quantity of electronic specialty gases to Xinkai, with a minor business proportion [1] - Benchuan Intelligent's high-end PCB products have achieved small batch applications in CPO-related projects [1] - Fangda Special Steel has not yet collaborated with Huawei on "digital twin" projects related to blast furnaces [1] - Hengdian East Magnetic focuses its energy storage business on household storage, with a small portion of shipments in the European market [1] - Siwei Tuxin and Jianzhizhi Robot have collectively secured 5.85 million sets of intelligent driving solutions from 2024 to the first half of 2025 [1] - iFlytek maintains a good cooperation with Moore Threads in the field of artificial intelligence [1]

Core Viewpoint - Green Energy Hui Charge (600212) announced a technical cooperation with Ningde Times (300750) in the field of battery swapping and charging equipment, indicating a strategic partnership in expanding the charging and swapping ecosystem [1] Group 1: Company Collaboration - The company is collaborating with Times Electric Service Technology Co., Ltd. (referred to as "Times Electric Service") on battery swapping equipment and ultra-fast charging devices [1] - This partnership aims to enhance the technological capabilities and operational efficiency in the charging infrastructure sector [1]

Core Viewpoint - The company Green Energy Smart Charging has announced a technical collaboration with CATL's subsidiary, Times Electric Technology Co., Ltd., focusing on battery swapping equipment and ultra-fast charging devices, as well as expanding their charging and swapping ecosystem [1] Group 1 - The collaboration involves technical cooperation in battery swapping equipment and ultra-fast charging devices [1] - The partnership aims to enhance the charging and swapping ecosystem [1]

Core Points - The company has approved a cooperation agreement with Xianyang Economic Development Group to establish a joint venture with a registered capital of RMB 250 million [1] - The company will hold a 20% stake in the joint venture, contributing RMB 50 million, while Xianyang Economic Development Group will hold an 80% stake with a contribution of RMB 200 million [1] - The joint venture, named Xianyang Jingkai Qingtian New Energy Co., Ltd., has completed its business registration and obtained a business license [2] Group 1 - The joint venture's registered capital is RMB 250 million [2] - The company is involved in manufacturing and selling power distribution and control equipment, charging piles, and energy storage technology services [2] - The joint venture was officially established on October 20, 2025, with its registered address in Xianyang Economic and Technological Development Zone, Shaanxi Province [2]