编号：【2022】第 009 号 证券代码：000682 证券简称：东方电子 东方电子股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|----------------------------------------|----------------------------------------------|----------------------------------------------------------------| | | | | | | 投资者 | 特定对象调研 | □分析师会议 □媒体采访 | | | 关系活动类别 | □业绩说明会 □新闻发布会 □路演活动 | | | | | □现场参观 □其他 | | （请文字说明其他活动内容） | | 参与单位 | 山东驼铃资管、博众投资 | | 华创证券、深圳毕升私募基金、深圳乾明资管、深圳前海德毅资管、 | | 时间 | 2022 年 9 月 1 日 | 15： 00-16：00 | | | 地点 | 腾讯会议 | | | | 上市公司 接待人员姓名 | ...

证券代码：000682 证券简称：东方电子 东方电子股份有限公司投资者关系活动记录表 编号：【2022】第 011 号 | --- | --- | --- | --- | |-----------------------|------------------------------------------------|----------------|--------------------------------------------------------------| | | | | | | 投资者 | 特定对象调研 | | □分析师会议 □媒体采访 | | 关系活动类别 | □业绩说明会 □新闻发布会 □路演活动 | | | | | □现场参观 □其他 | | （请文字说明其他活动内容） | | 参与单位 | 兴全基金、博时基金、东北证券 | | | | 时间 | 2022 年 11 月 9 日 | 10： 00-11：30 | | | 地点 | 公司会议室 | | | | 上市公司 接待人员姓名 | 董事长丁振华、董事会秘书王清刚、总经理助理张驰 | | | | | | | 一、公司董事会秘书王清 ...

证券代码：000682 证券简称：东方电子 东方电子股份有限公司投资者关系活动记录表 编号：【2022】第 010 号 | --- | --- | --- | |-----------------------|-------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,314,658,955.64, representing a 16.62% increase compared to ¥1,127,316,537.34 in the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥113,947,221.39, up 28.87% from ¥88,421,356.98 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥89,782,231.10, reflecting a 25.10% increase compared to ¥71,769,193.05 in the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.0849, a 28.64% increase from ¥0.0660 in the same period last year[5] - Total revenue for the third quarter reached CNY 3,502,111,910.70, an increase of 20.8% compared to CNY 2,898,139,498.38 in the same period last year[27] - The company reported a net profit attributable to shareholders of CNY 1,441,609,838.45, compared to CNY 1,241,252,735.77 in the previous year, reflecting a growth of 16.2%[27] - The net profit for the current period is 301,363,028.91, an increase from 253,883,194.06 in the previous period, representing a growth of approximately 18.7%[31] - The total profit for the current period is 336,655,062.16, compared to 280,751,532.31 in the previous period, showing an increase of about 19.9%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,914,279,539.54, marking a 10.64% increase from the previous year's end[5] - Total assets increased to CNY 8,914,279,539.54 from CNY 8,056,696,372.77, reflecting a growth of 10.6%[27] - Total liabilities reached CNY 4,482,836,392.70, up from CNY 3,850,121,985.06, indicating an increase of 16.4%[27] - The company's equity totaled CNY 4,431,443,146.84, compared to CNY 4,206,574,387.71, showing a growth of 5.3%[27] Cash Flow - The company's cash flow from operating activities showed an improvement, with a net cash outflow of ¥287,449,803.07, a 31.16% reduction in outflow compared to the previous year[4] - Net cash flow from operating activities increased by CNY 130,092,407.87, an increase of 31.16% year-on-year, primarily due to increased sales collections[15] - Operating cash inflow totaled CNY 3,979,650,382.51, an increase from CNY 3,082,011,917.41 in the previous period[38] - Operating cash outflow amounted to CNY 4,267,100,185.58, up from CNY 3,499,554,128.35 year-over-year[38] - Net cash flow from operating activities improved to CNY -287,449,803.07, compared to CNY -417,542,210.94 in the prior period[38] - Cash flow from investing activities showed a net outflow of CNY -312,323,110.22, worsening from CNY -122,622,601.36 previously[38] - Cash inflow from financing activities increased significantly to CNY 309,913,986.10, compared to CNY 77,360,000.00 in the last period[38] - Net cash flow from financing activities turned positive at CNY 55,941,649.51, improving from CNY -36,787,486.21[38] Investments and Expenses - Research and development expenses increased to 296,356,297.58 from 238,597,336.04, reflecting a rise of about 24.2%[31] - The company has invested CNY 20 million in a partnership focused on the semiconductor industry through its wholly-owned subsidiary, Yantai Dongfang Weiston Electric Co., Ltd.[20] - The company's financial expenses improved, with a net financial cost of -25,488,612.06 compared to -28,491,443.12, reflecting a decrease in costs[31] - The investment income increased to 11,519,237.90 from 9,789,051.45, which is an increase of approximately 17.7%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,597, with the largest shareholder, Dongfang Electronics Group Co., Ltd., holding 27.58% of shares[16] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Ningxia Huang Triangle Investment Center, holding 13.86%[16] Other Financial Metrics - The company reported a significant increase in fair value gains, which rose by ¥17,949,620.85, an increase of 1368.44% year-on-year[12] - Short-term borrowings increased by ¥155,692,505.39, reflecting a growth of 116.62%, mainly due to increased bank loans by subsidiaries[11] - Asset impairment losses decreased by CNY 2,377,830.89, a reduction of 53.66% compared to the same period last year, mainly due to a decrease in bad debt provisions for contract assets[15] - The company's other comprehensive income after tax was -466,915.30, a decline from 232,032.74 in the previous period[34] - The tax expenses for the current period were 35,292,033.25, compared to 26,868,338.25 in the previous period, representing an increase of about 31.5%[31] - The company received tax refunds of CNY 67,068,202.78, compared to CNY 53,252,759.94 previously[38] - The company paid CNY 216,235,423.88 in taxes, an increase from CNY 188,021,237.97 year-over-year[38] - Cash outflow for employee compensation rose to CNY 832,669,807.70 from CNY 690,483,597.99 in the previous period[38] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,187,452,955.06, representing a 23.53% increase compared to CNY 1,757,173,965.21 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 166,853,501.71, up 24.27% from CNY 132,053,304.34 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 145,865,834.50, reflecting a 30.99% increase from CNY 111,359,034.46 in the same period last year[25]. - The basic earnings per share were CNY 0.1245, an increase of 24.38% compared to CNY 0.0985 in the previous year[25]. - The total assets at the end of the reporting period were CNY 8,555,876,069.86, which is a 6.20% increase from CNY 8,056,696,372.77 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 3,894,758,733.61, up 2.27% from CNY 3,808,242,750.37 at the end of the previous year[25]. - The company reported a net cash flow from operating activities of CNY -428,524,889.15, a decrease of 5.39% compared to CNY -401,038,185.58 in the same period last year[25]. - The weighted average return on equity was 4.29%, an increase of 0.5 percentage points compared to 3.73% in the previous year[25]. - Operating profit reached 199.16 million yuan, reflecting a year-on-year growth of 21.98%[55]. - The company achieved operating revenue of 2,187.45 million yuan, a year-on-year increase of 23.53%[55]. Investment and R&D - The company’s R&D investment amounted to ¥174,684,513.11, which is an increase of 18.80% from ¥147,037,225.83 in the previous year[67]. - The company aims to enhance its product line in the power sector by increasing R&D investment in digital software and expanding into other industrial fields and smart cities[41]. - The company is developing high-value, mass-produced products for the new power system, integrating with distribution networks and energy storage solutions to create replicable case studies[42]. - The company is advancing its energy storage business by optimizing storage PCS and developing a battery management system (BMS) to accelerate market applications[45]. - The company is focusing on digital transformation, leveraging technologies such as big data, cloud computing, IoT, and AI to enhance operational efficiency[55]. - The company has committed to digital transformation and energy efficiency, focusing on the development of clean energy and smart technologies[108]. - The company plans to enhance its product development by closely aligning with market demands and applying new technologies to mitigate research and development risks[99]. Market and Business Development - The company has established a strong market presence in over 30 provinces in China and expanded its international business across Asia, Europe, and Africa[54]. - The company is actively involved in the development of new energy solutions, including distributed photovoltaic systems and smart energy management technologies[59]. - The company signed contracts worth over ¥100 million in the power marketing product line, continuing to invest in the Australian CCS project and promoting the State Grid Marketing 2.0 construction[66]. - The revenue from the information technology-related industry was ¥2,004,855,752.69, accounting for 91.65% of total revenue, with a year-on-year growth of 23.34%[71]. - The company is exploring potential acquisitions to enhance its market position and diversify its product offerings[200]. - Strategic partnerships with key industry players are expected to drive growth and innovation in the upcoming quarters[200]. Risk Management and Compliance - The company faced various industry and market risks, which are detailed in the report[5]. - The company has established a risk management system to ensure compliance with relevant laws and regulations, enhancing operational transparency and protecting shareholder interests[115]. - The company has implemented a management model focused on "precise innovation and continuous improvement" to enhance its competitive edge[48]. - The company has maintained stable growth in operating performance and created employment opportunities, supporting local economic development[122]. - The company has not reported any significant changes in shareholding structure or major shareholder situations during the reporting period[168]. Environmental and Social Responsibility - The company maintains a strong commitment to environmental protection and has not faced any administrative penalties related to environmental issues during the reporting period[108]. - The company emphasizes employee rights and safety, implementing various programs to enhance employee well-being and workplace safety[118]. - The company has implemented digital technology to assist local governments in pandemic prevention and control[122]. Subsidiaries and Related Transactions - The company’s major subsidiaries contributed significantly to net profit, with Beijing Oriental Jinghai Electronic Technology Co., Ltd. reporting a net profit of ¥3,422,813.55[96]. - The company has no significant litigation or arbitration matters during the reporting period[132]. - The company has not reported any joint external investment transactions during the reporting period[142]. - The total amount of guarantees approved for subsidiaries during the reporting period was 521.42 million[155]. - The actual guarantee amount that occurred during the reporting period was also 521.42 million, which represents 0.13% of the company's net assets[155]. Financial Position and Assets - The company reported a net increase in cash and cash equivalents of -¥626,139,219.15, a decrease of 15.98% compared to -¥539,881,363.71 in the previous year[67]. - Cash and cash equivalents decreased by 8.55 percentage points to 18.32%, amounting to ¥1,567,254,672.75 from ¥2,165,134,975.77[83]. - Inventory increased by 6.55 percentage points to 35.31%, totaling ¥3,020,899,670.37 compared to ¥2,316,705,494.95[83]. - Total assets increased to ¥8,555,876,069.86, up from ¥8,056,696,372.77, representing a growth of approximately 6.2%[189]. - Total liabilities increased to ¥4,260,321,351.56, compared to ¥3,850,121,985.06, which is an increase of around 10.7%[195]. - The company's cash and cash equivalents decreased to ¥443,660,122.66 from ¥576,155,357.59, a decline of approximately 23.0%[198].

东方电子股份有限公司 2022 年第一季度报告全文 1 证券代码：000682 证券简称：东方电子 公告编号：2022-11 东方电子股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 同一控制下企业合并 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------|-------------- ...

Financial Performance - The company's operating revenue for 2021 was ¥4,485,560,201.59, representing a 19.38% increase compared to ¥3,718,643,539.41 in 2020[25] - The net profit attributable to shareholders for 2021 was ¥347,780,352.43, an increase of 23.12% from ¥278,143,020.05 in the previous year[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥264,732,651.34, reflecting a 14.49% increase from ¥230,406,686.06 in 2020[25] - Basic earnings per share for 2021 were ¥0.2594, up 23.11% from ¥0.2075 in the previous year[25] - The weighted average return on equity increased to 9.48%, up 1.12 percentage points from 8.29% in 2020[25] - The company's operating income for Q4 2021 was ¥1,588,103,827.14, contributing to a total annual operating income growth[31] - Net profit attributable to shareholders for Q4 2021 was ¥125,091,223.50, showing a positive trend in profitability[31] - The total amount of non-recurring gains and losses for 2021 was ¥83,047,701.09, compared to ¥51,255,373.41 in 2020, highlighting improved financial performance[34] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2021, representing a 20% growth year-over-year[60] - The company has set a future revenue guidance of 1.8 billion RMB for 2022, indicating a projected growth of 20%[60] Cash Flow and Assets - The net cash flow from operating activities decreased by 37.16% to ¥202,073,083.31 from ¥320,071,482.93 in 2020[25] - The total cash inflow from operating activities in 2021 was ¥4,918,737,749.78, representing a year-on-year increase of 13.32% compared to ¥4,340,560,197.87 in 2020[119] - The net cash flow from operating activities decreased by 37.16% to ¥202,073,083.31 in 2021, down from ¥321,577,435.67 in 2020, primarily due to increased cash payments for goods and employee compensation[124] - The total assets at the end of 2021 reached ¥8,056,696,372.77, an increase of 16.01% compared to the adjusted total assets of ¥6,944,534,462.62 at the end of 2020[28] - The company's cash and cash equivalents increased by ¥45,807,974.25 in 2021, a decrease of 10.76% from the previous year[123] - The inventory increased significantly by 3.56% to ¥2,316,705,494.95, compared to ¥1,751,236,701.53 at the beginning of the year[129] Strategic Initiatives - The company plans to enhance its product development by closely aligning with market demands and applying new technologies[6] - The company is focusing on digital transformation and the construction of an energy internet, which is expected to enhance operational efficiency and support clean energy utilization[39] - The strategic goal includes achieving carbon peak and carbon neutrality, aligning with national policies for energy transition[39] - The company is actively expanding its comprehensive energy management market, collaborating with key partners to enhance its technological competitiveness[50] - The company is developing energy storage PCS products to meet national carbon neutrality goals and enhance competitiveness in the new power system market[98] - The company aims to enhance its core competitiveness in the distribution and industrial internet sectors through these new developments[101] Research and Development - The company has developed numerous patents, including a cloud-based distributed real-time database system and various intelligent robotics technologies, enhancing its innovation capabilities[53][55] - The company has implemented a digital transformation strategy, establishing a unified data center and private cloud platform to drive data governance and visualization[49] - The company has a robust R&D team that supports product line development in emerging markets such as smart cities and energy services[51] - The number of R&D personnel increased by 3.41% from 1,554 in 2020 to 1,607 in 2021, with R&D personnel now accounting for 27.75% of the total workforce[113] - R&D investment amounted to ¥383,249,099.14 in 2021, representing an 18.37% increase from ¥323,776,062.24 in 2020[113] Market Position and Competition - The company has established a complete industrial chain layout in the power industry, covering various segments such as generation, transmission, and distribution automation, with a strong market share in core products[44] - The company has a high market share in dispatch and distribution automation products, contributing to the high-quality development of energy IoT and digitalization of power equipment[50] - The company faces risks related to market competition and technological advancements in the field of power grid automation[6] - Market competition risks are present in the grid automation sector, where the company has strong competitiveness but must navigate a challenging bidding environment[167] Governance and Management - The company has maintained a stable management structure with no significant changes in senior management roles[183] - The company’s management team includes professionals with extensive experience in various sectors, enhancing strategic decision-making capabilities[186][187] - The company continues to focus on maintaining strong governance practices through its board composition and management oversight[183] - The total pre-tax remuneration for the chairman, Ding Zhenhua, was CNY 937,000[199] - The total pre-tax remuneration for the general manager, Fang Zhengji, was CNY 940,300[199] Future Outlook - The company is focusing on developing new energy and storage industries, with plans to create a comprehensive energy management system and virtual power plants[158] - The company plans to enhance its product offerings in the energy meter sector, including the development of high-precision energy meters and smart monitoring systems[162] - In 2022, the company plans to fully promote digital transformation across various business modules, targeting high-quality development in digital grids, digital energy, and digital cities[164]

证券代码：000682 证券简称：东方电子 公告编号：2021-43 东方电子股份有限公司 关于参加山东辖区上市公司 2021 年度 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的沟通交流，增强与投资者的联系，东方电子股份有 限公司（以下简称"公司"）将参加中国证券监督管理委员会山东监管局、山东 上市公司协会联合举办并由深圳市全景网络有限公司承办的"山东辖区上市公 司 2021 年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将在深圳市全景网络有限公司提供的网上 平台采取网络远程的方式举行,投资者可以登录 "全 景·路演天下" （http://rs.p5w.net）参与本次活动，活动时间为 2021 年 11 月 16 日（星 期二）下午 14:00-16:00。 届时公司董事会秘书王清刚先生、证券事务代表张琪女士将通过网络在线方 式，与投资者就公司治理、发展战略、经营状况和可持续发展等问题进行沟通交 流。欢迎广大投资者积极参与。 特此公告。 东方电子股份有限公司 董事 ...

东方电子股份有限公司 2021 年第三季度报告 □ 是 √ 否 证券代码：000682 证券简称：东方电子 公告编号：2021-41 东方电子股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计。 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|--------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,757,173,965.21, representing a 13.05% increase compared to ¥1,554,333,115.86 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥132,053,304.34, up 16.07% from ¥113,769,388.34 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥111,359,034.46, reflecting a 27.03% increase from ¥87,660,779.47 year-on-year[23]. - The basic earnings per share for the period was ¥0.0985, an increase of 16.02% compared to ¥0.0849 in the same period last year[23]. - The total assets at the end of the reporting period were ¥6,826,516,687.49, a decrease of 1.04% from ¥6,898,451,713.97 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 3.81% to ¥3,608,021,268.10 from ¥3,475,706,293.92 at the end of the previous year[23]. - The net cash flow from operating activities was negative at -¥401,038,185.58, compared to -¥142,022,199.54 in the same period last year[23]. - The company reported non-recurring gains totaling ¥20,694,269.88 for the period[30]. - The company reported a 45.50% increase in income tax expenses, amounting to ¥16,635,603.87, due to an increase in total profit during the reporting period[65]. - The company reported an investment income of ¥8,319,112.63, contributing 5.21% to the total profit[79]. Revenue Breakdown - Revenue from the information technology sector was ¥1,611,808,589.25, accounting for 91.73% of total revenue, with a year-on-year growth of 12.36%[69]. - The gross profit margin for the information technology sector decreased by 0.09 percentage points to 31.74% despite a revenue increase of 12.36%[70]. - The revenue from the non-information technology sector increased by 21.35% to ¥145,365,375.96, with a gross profit margin of 27.21%, down 3.56 percentage points[70]. - The domestic revenue was ¥1,632,024,878.60, which is 92.88% of total revenue, reflecting a 15.05% increase year-on-year[69]. - The revenue from the network security system decreased by 27.27% to ¥27,539,360.20, with a gross profit margin of 44.26%[73]. Research and Development - The company actively responded to the national "dual carbon" goals, enhancing R&D capabilities and product innovation in the new energy sector[34]. - The company is focusing on technological research and development to adapt to changing customer demands and market conditions[96]. - The company added 26 new authorized patents during the reporting period, including 12 invention patents and 14 utility model patents[62]. - The company has expanded its EMS energy management system applications into the renewable energy and energy storage sectors, with significant R&D investments in battery storage technologies[51]. - The company's R&D investment increased to ¥147,037,225.83, reflecting a growth of 4.02% from ¥141,351,483.94 in the previous year[65]. Market and Competition - The company faces market competition risks in the power automation sector, which requires high technical and performance standards[96]. - The company has a strong market presence, covering over 30 provinces in China and expanding its international business across Asia, Europe, and Africa[59]. - The company is implementing an overseas development strategy, with products operating in multiple countries, while managing political and currency risks[97][99]. Corporate Governance and Shareholder Information - The company held its annual shareholders' meeting on May 20, 2021, with a participation rate of 42.51%[102]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[103]. - The company’s major shareholders include state-owned and domestic non-state-owned entities, with no reported related party transactions among them[169]. - The total number of shareholders holding more than 5% of shares is 99, with the largest shareholder holding 27.58%[169]. - The report indicates that the company has no plans for share buybacks or other significant share changes at this time[166]. Assets and Liabilities - Cash and cash equivalents at the end of the reporting period were ¥1,562,780,526.70, representing 22.89% of total assets, down from 30.03% the previous year[82]. - The inventory increased by 5.26% to ¥2,087,561,388.92, accounting for 30.58% of total assets[82]. - The company's total current assets as of June 30, 2021, amounted to RMB 5,549,272,896.41, a decrease from RMB 5,740,803,078.37 as of December 31, 2020, representing a decline of approximately 3.32%[188]. - Total liabilities decreased from 3,096,528,534.77 to 2,890,518,100.26, a reduction of approximately 6.7%[194]. - Current liabilities totaled 2,754,721,329.30, down from 2,965,261,019.82, reflecting a decrease of about 7.1%[194]. Related Party Transactions - The company engaged in related party transactions with Yantai Dongfang Electronic Yulin Electric Co., amounting to 31.20 million RMB, representing 2.59% of similar transaction amounts[128]. - The company also had related party transactions with Yantai Dongfang Ruichuangda Electronic Technology Co., totaling 1.15 million RMB, which accounted for 0.10% of similar transaction amounts[128]. - The company had related party transactions with Yantai Guowang Zhongdian Electric Co., amounting to 33.24 million RMB, representing 2.76% of similar transaction amounts[128]. - The company did not engage in any related party transactions involving asset or equity acquisitions or sales during the reporting period[135]. - The company reported no significant related party transactions or debts during the reporting period[138]. Future Plans and Strategies - The company is focused on digital transformation, integrating new technologies such as AI and big data to enhance operational efficiency[46]. - The company has initiated preparations for a public stock issuance and entry into the selected tier of the National Equities Exchange and Quotations system, with the counseling record confirmed on March 5, 2020[156]. - The company aims to enhance the resilience of the power system and improve the controllability and consumption capacity of renewable energy through deep integration of source-grid-load-storage[50]. - The State Grid plans to invest over 70 billion USD annually in the next five years to promote the upgrade of the power grid towards an energy internet[46].