Core Viewpoint - Qingdao Teread Electric Co., Ltd. is applying for a listing on the Hong Kong Stock Exchange, positioning itself as a leading manufacturer in the high-voltage prefabricated substation market and the largest electric vehicle charging equipment manufacturer and operator in China [1] Group 1: Company Overview - Teread is recognized as the world's largest manufacturer of high-voltage prefabricated substations and the largest provider of prefabricated substations in terms of sales revenue for 2023 and 2024 [1] - The company's business encompasses the research, development, manufacturing, sales, and operation of high-voltage and medium-voltage prefabricated substations, transformers, switchgear, and electric vehicle charging equipment [1] Group 2: Market Position - According to data from ZhiShi Consulting, Teread is the largest provider of prefabricated substations globally, highlighting its significant market share in this sector [1]

Core Viewpoint - Qingdao Teread Electric Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to leverage its position as a leading manufacturer in the high-voltage prefabricated substation market and the largest electric vehicle charging equipment manufacturer in China [1] Group 1: Company Overview - Teread is recognized as the world's largest manufacturer of high-voltage prefabricated substations and the largest electric vehicle charging equipment manufacturer and charging network operator in China [1] - The company's business encompasses the research, development, manufacturing, sales, and operation of high-voltage and medium-voltage prefabricated substations, transformers, switchgear, and electric vehicle charging equipment [1] Group 2: Market Position - According to data from Zhi Zhi Consulting, Teread is projected to be the largest provider of prefabricated substations globally based on sales revenue for 2023 and 2024, as well as the largest provider of high-voltage prefabricated substations [1]

Core Viewpoint - Qingdao Teread Electric Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to leverage its position as a leading manufacturer in the high-voltage prefabricated substation market and the largest electric vehicle charging equipment manufacturer in China [1] Group 1: Company Overview - Teread is recognized as the world's largest manufacturer of high-voltage prefabricated substations and the largest electric vehicle charging equipment manufacturer and charging network operator in China [1] - The company's business encompasses the research, development, manufacturing, sales, and operation of high-voltage and medium-voltage prefabricated substations, transformers, switchgear, and electric vehicle charging equipment [1] Group 2: Market Position - According to data from Zhi Zhi Consulting, Teread is the largest provider of prefabricated substations globally based on sales revenue for 2023 and 2024, specifically in the high-voltage prefabricated substation segment [1]

Group 1 - Qingdao Teruid Electric Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Qingdao TGOOD Electric Co., Ltd. 青島特銳德電氣股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監 會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件， 即代表 閣下知悉、接納並向青島特銳德電氣股份有限公司（「本公司」）、其聯席保薦人、聯席 整體協調人、顧問、或包銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據與香港公司註冊處處長 登記的本公司招股章程作出投資決定；招股章程的文本將於發售期內向公眾人士提供。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的。投資者不應根 據本文件中的資料作出任何投資決定； (b) 在聯交 ...

Group 1 - The core viewpoint of the article is that the company, Teruid (300001), is committed to maintaining an open and flexible approach in exploring diverse capital operation methods to achieve optimal resource allocation and maximize corporate value [1] Group 2 - The company responded to investor inquiries on an interactive platform, indicating its proactive stance in capital operations [1] - The emphasis is on the importance of resource optimization and value maximization for the company [1]

Core Viewpoint - The company emphasizes the growing development space for data centers as core infrastructure of the digital economy, driven by advancements in artificial intelligence and big data technologies [1] Group 1: Industry Trends - The rapid development of technologies such as artificial intelligence and big data is creating significant opportunities for data centers [1] - Data centers are facing increased demands for reliability and energy efficiency in their power supply systems [1] Group 2: Company Strategy - The company is focused on the technological evolution and market dynamics in the data center sector [1] - With over 20 years of experience in high-voltage power systems and more than 10 years in power electronics, the company is strategically positioning itself for future developments [1] - The company has developed integrated solutions for 110kV/220kV high-voltage access and SST, achieving technical indicators that match the industry's top levels [1]

Core Viewpoint - The company emphasizes the importance of transformers as a core component of substations, which are integrated solutions for reliable power supply, energy efficiency, and rapid deployment in high-demand applications like data centers [1] Group 1: Domestic Business - The company provides high-voltage prefabricated substation solutions and power solutions to leading domestic internet and computing enterprises, including Alibaba, China Mobile, China Telecom, and China Unicom [1] - The company is focused on deepening its service in the data center and AI computing infrastructure sectors [1] Group 2: International Business - The company's substation products have been promoted in approximately 60 countries and regions worldwide, serving local power grids, energy, and industrial customers [1] - The company has successfully won major projects, including a contract with the Saudi national grid [1] Group 3: Competitive Advantages - The company leverages its strengths in technology, manufacturing, integration, and delivery to continuously expand its high-quality customer base both domestically and internationally [1] - The company is committed to supporting digital new infrastructure and global energy transition [1]

Core Viewpoint - The company emphasizes the importance of transformers as a core component of substations, which provide comprehensive power solutions for high-demand applications like data centers [1] Group 1: Company Operations - The company provides high-voltage prefabricated substation and power solutions to leading domestic internet and computing enterprises such as Alibaba, China Mobile, China Telecom, and China Unicom [1] - The company's products, including substations, have been promoted to approximately 60 countries and regions globally, serving local power grids, energy, and industrial customers [1] - The company has successfully won major projects, including a contract with the Saudi national grid, showcasing its capability in international markets [1] Group 2: Industry Context - The company is focused on supporting digital infrastructure and global energy transition through its technological, manufacturing, integration, and delivery advantages [1]

Core Viewpoint - The company, Teruid (300001.SZ), emphasizes its deep service capabilities in data centers and AI computing infrastructure, providing comprehensive power solutions rather than just individual transformers [1] Group 1: Company Services - Transformers are identified as a core component of substations, which integrate various equipment to deliver complete power solutions [1] - The company has provided high-voltage prefabricated substation solutions to leading domestic internet and computing firms such as Alibaba, China Mobile, China Telecom, and China Unicom [1] - The company is expanding its international business, having promoted its substation products to approximately 60 countries and regions globally [1] Group 2: Project Achievements - The company has successfully won major projects, including a contract with the Saudi national grid [1] - The company leverages its advantages in technology, manufacturing, integration, and delivery to continuously expand its high-quality customer base domestically and internationally [1] Group 3: Industry Context - The company supports the digital new infrastructure and global energy transition through its services [1]