证券代码：300444 证券简称：双杰电气 公告编号：2023-018 北京双杰电气股份有限公司 关于举行2022年年度报告网上业绩说明会的公告 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。 北京双杰电气股份有限公司（以下简称"公司"）《2022年年度报告》将于 2023年4月27日披露，为了让广大投资者能进一步了解公司2022年年度报告和 经营情况，公司将于2023年5月18日（星期四）15:00—17:00在"约调研"小程 序举行2022年年度报告业绩网上说明会，本次说明会将采用网络远程方式举行， 投资者可登陆"约调研"小程序参与本次说明会。为广泛听取投资者的意见和建 议，提前向投资者征集问题，提问通道自本公告发出之日起开放。 参与方式一：在微信中搜索"约调研"小程序； 参与方式二：微信扫一扫以下二维码： 投资者依据提示，授权登入"约调研" 小程序，即可参与交流。 出席本次业绩说明会的人员有：公司董事长赵志宏先生，董事会秘书栾元杰 先生，财务总监赵敏女士，独立董事贾宏海先生，东北证券股份有限公司保荐代 表人牟悦佳女士。 欢迎广大投资者积极参与。 特此公告 ...

Group 1: Company Overview - Beijing Shuangjie Electric Co., Ltd. has evolved from a small enterprise focused on agency and assembly of electrical equipment to an innovative company with independent R&D capabilities [2][3] - The company has developed over 70 products across seven major series, including 12kV SF6 gas-insulated ring main units and solid insulated ring main units [3][4] - The solid insulated ring main unit was recognized as a "National Key New Product" by the Ministry of Science and Technology and included in the first batch of key promoted new technologies by the State Grid Corporation in 2011 [3] Group 2: Market Position and Sales - In 2015, the usage of solid insulated ring main units in new and renovation projects was not less than 25% of the total new capacity according to the first batch of key promoted technologies [3][4] - The company generates 70%-80% of its annual revenue from State Grid and Southern Grid, while also expanding into non-grid sectors such as oil, petrochemicals, military, and railways [4] - The company is actively participating in international power exhibitions to enhance its overseas market presence, particularly for solid insulated ring main units [4] Group 3: Industry Challenges and Future Outlook - The domestic market for ring main units is characterized by a large number of manufacturers, leading to intense competition and quality concerns [4] - As the State Grid and Southern Grid increase their quality requirements, some companies may be eliminated, leading to a potential increase in industry concentration [4]

Group 1: Company Overview - Beijing Shuangjie Electric Co., Ltd. focuses on the research, production, and sales of distribution and control equipment, developing products such as SF6 gas-insulated ring main units and solid insulated ring main units [2][3] - The company has evolved from a small enterprise to an innovative company with independent R&D capabilities, offering over 70 products across seven major series [3] Group 2: Product Development and Recognition - The company has independently developed 12kV SF6 gas-insulated ring main units and solid insulated ring main units, with the latter recognized as a "National Key New Product" by the Ministry of Science and Technology [3] - In 2011, the solid insulated ring main unit was included in the "First Batch of Key Promotion Technology Catalog" by the State Grid Corporation [3] Group 3: Market Trends and Advantages - Solid insulated ring main units eliminate the risks associated with gas leakage from SF6 gas boxes, making them suitable for maintenance-free operation in harsh environments [4] - The market for solid insulated ring main units is expected to grow significantly, with a requirement that by 2015, at least 25% of new and renovated projects must use solid insulated ring main units [4]

证券代码：300444 证券简称：双杰电气 编号： 北京双杰电气股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|--------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □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） | | 参与单位名称及 | | 国泰君安：张舒；中信建投：魏玉波；星石投资：张希晨； | | 人员姓名 | | 瑞翰资本：李平；国联安基金：刘统；民族证券：黄鹏；拾 | | | 添富：侯俊珑。 | 贝投资：秦雪峰；平安证券：皮秀；衍航投资：匡恒；泰月 | | 时间 | 2015 年 12 月 23 | 日 | | | | | | 地点 | 公司总部会议室 | | | 上市公司接待人 员姓名 | | 董事会秘书李涛 ...

证券代码：300444 证券简称：双杰电气 编号： 北京双杰电气股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------|--------------------------------------------------------------| | | | | | 投资者关系活 | ■ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □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） | | 参与单位名称 | | 远见者投资：周成娟；富邦基金：王晓江；银河证券：于化鹏；华创 | | 及人员姓名 | | 证券：黄斌、李蒙；新沃基金：刘屾；中航证券：曾文传；信达证 | | | | 券：葛韶峰；西南证券：谭菁；东北证券：龚斯闻；华夏人寿：谢达 | | | | 成；交银施罗德：杨芝廷；清和泉资本：邢重阳；国联证券：虞栋； | | | | 中银国际证券：王秋明；国海证券：李恩国；金鹰基金：冼鸿鹏、蒋 ...

证券代码：300444 证券简称：双杰电气 北京双杰电气股份有限公司投资者关系活动记录表 编号： | --- | --- | --- | |--------------|----------------------------------------|--------------------------------------------------------------| | | | | | | | | | 投资者关系活 | ■ 特定对象调研(电话会议 | ) □ 分析师会议 | | 动类别 | □ 媒体采访 □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） | | | 参与单位名称 | | 中泰证券：李可伦、沈成；原点资产：杨晓强；中信证券：卢华权； | | 及人员姓名 | | 华夏人寿：谢达成；东吴证券：汪林森；华泰证券：何昕、卢森升。 | | 时间 | 2016 年 11 月 8 日 | | | 地点 | 公司总部会议室 | | | 上市公司接待 | | | | 人员姓名 | 董事会秘书李涛，证券事务代表孙雪冬 ...

股票代码：300444 股票简称：双杰电气 北京双杰电气股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------------------------------|-----------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | □特定对象调研 | □分析师会议 | | 动类别 | □媒体采访 √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） | | 参与单位名称 及人员姓名 | 参与公司 2021 | 年年度报告网上业绩说明会的投资者 | | 时间 | 2022 年 05 月 20 | 日（星期五）下午 15:00-17:00 | | | 地点 "约调研"小程序 | | | 上市公司接待 | | 董事长 ...

[Financial Summary and Shareholder Information](index=2&type=section&id=%E8%B4%A2%E5%8A%A1%E6%91%98%E8%A6%81%E4%B8%8E%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Key Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company experienced **87.30% revenue growth** in the first three quarters of 2022, yet net profit attributable to shareholders significantly declined, resulting in an **81.64 million Yuan loss** due to increased costs and investment losses [Core Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company reported **1.461 billion Yuan** in operating revenue, an **87.30% increase**, but net profit attributable to the parent company significantly declined to **-81.64 million Yuan**, while total assets grew **17.36%** Core Financial Indicators Summary | Indicator | Year-to-Date (RMB) | YTD Change vs. Prior Year | | :--- | :--- | :--- | | Operating Revenue | 1,461,498,381.13 | 87.30% | | Net Profit Attributable to Shareholders | -81,637,111.67 | -2,618.98% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -47,982,976.43 | -443.68% | | Net Cash Flow from Operating Activities | -145,439,714.88 | 51.03% | | Basic Earnings Per Share | -0.1126 | -2,495.74% | | Weighted Average Return on Net Assets | -6.24% | -6.48% | | **Indicator** | **As of Report End (RMB)** | **Change vs. Prior Year-End** | | Total Assets | 3,983,990,106.92 | 17.36% | | Shareholders' Equity Attributable to Listed Company | 1,296,805,351.95 | -4.17% | [Non-recurring Gains and Losses](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses amounted to **-33.65 million Yuan** year-to-date, mainly from investment losses related to Donggao Membrane equity and debt disposal, debt assumption, and government subsidies Non-recurring Gains and Losses Details | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 16,355.08 | | Government Grants Included in Current Profit/Loss | 6,115,972.23 | | Gains/Losses from Debt Restructuring | 460,676.00 | | Gains/Losses from Changes in Fair Value of Trading Financial Assets/Liabilities | -13,334,298.11 | | Other Non-operating Income and Expenses | -2,298,163.56 | | Other Items Meeting the Definition of Non-recurring Gains/Losses | -6,858,075.60 | | Losses from Assumption of Donggao Membrane Creditor's Rights and Debts | -21,586,511.86 | | **Total** | **-33,654,135.24** | [Financial Indicator Variation Analysis](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant financial indicator changes stem from business expansion and specific events, with **87.30% revenue growth** but faster cost increases, alongside rising financial, administrative, and R&D expenses, and adverse impacts from Donggao Membrane asset disposal - Operating revenue for the first three quarters of 2022 increased by **87.30%** year-over-year, primarily driven by increased revenue from power transmission and integrated energy businesses[8](index=8&type=chunk) - Financial expenses surged by **262.58%** year-over-year, mainly due to increased interest expenses from litigation judgments involving subsidiary Tianjin Donggao Membrane and higher overall company borrowings[8](index=8&type=chunk) - Investment income sharply decreased by **1118.53%** year-over-year, and non-operating expenses surged by **2773.51%** year-over-year, both primarily resulting from investment losses incurred from the disposal of Donggao Membrane equity and debt in the current period[9](index=9&type=chunk) [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the report end, the company had **38,805 common shareholders**, with controlling shareholder Zhao Zhihong and concerted parties holding **19.69%** of shares, and some top shareholders' holdings are pledged [Shareholder Ownership Details](index=3&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the report end, total shareholders numbered **38,805**, with controlling shareholder Zhao Zhihong and his brothers, as concerted parties, holding **11.71%** of shares, and multiple top ten shareholders' shares are pledged - The total number of common shareholders at the end of the reporting period was **38,805**[11](index=11&type=chunk) - Controlling shareholder Zhao Zhihong, along with his brothers Zhao Zhixing and Zhao Zhihao, are concerted parties, collectively holding **19.69%** of the company's shares[12](index=12&type=chunk) - Among the top ten shareholders, Zhao Zhihong, Yuan Xueen, Zhao Zhixing, Zhao Zhihao, Xu Zhuan, and Xinjiang Xinjialong Investment Holding Co., Ltd. have pledged some or all of their shares[11](index=11&type=chunk)[12](index=12&type=chunk) [Other Significant Matters and Financial Statements](index=5&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E4%B8%8E%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company pursued a private placement to controlling shareholder Zhao Zhihong for capital and control stability, and signed a strategic cooperation agreement with Inner Mongolia Energy Group for new energy development - The company plans to privately issue up to **81,521,739 shares** to controlling shareholder and de facto controller Zhao Zhihong, aiming to enhance capital strength and stabilize control, demonstrating the controlling shareholder's confidence in the company's development[14](index=14&type=chunk) - The company signed a strategic cooperation framework agreement with Inner Mongolia Energy Group to collaborate comprehensively in new energy fields such as intelligent operation and maintenance, power equipment, and energy storage equipment, aligning with "carbon peak and carbon neutrality" strategies for a strong alliance[15](index=15&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of September 30, 2022, total assets were **3.984 billion Yuan**, total liabilities **2.657 billion Yuan**, and the asset-liability ratio **66.68%**, with net cash flow from operating activities at **-145 million Yuan**, indicating cash flow pressure [Consolidated Balance Sheet](index=5&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, total assets reached **3.984 billion Yuan** (**+17.36%**), total liabilities **2.657 billion Yuan** (**+21.51%**), and shareholders' equity attributable to the listed company was **1.297 billion Yuan** (**-4.17%**) Consolidated Balance Sheet Summary | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Total Assets | 3,983,990,106.92 | 3,394,800,789.32 | | Total Liabilities | 2,656,558,785.22 | 2,186,274,522.13 | | Total Equity Attributable to Parent Company Shareholders | 1,296,805,351.95 | 1,353,263,786.33 | | Total Shareholders' Equity | 1,327,431,321.70 | 1,208,526,267.19 | [Consolidated Income Statement](index=8&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2022, total operating revenue reached **1.461 billion Yuan** (**+87.30%**), but total operating costs were **1.519 billion Yuan** (**+84.43%**), leading to a net loss of **-81.64 million Yuan** attributable to parent company shareholders Consolidated Income Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,461,498,381.13 | 780,290,745.21 | | II. Total Operating Costs | 1,519,241,212.07 | 823,776,850.53 | | III. Operating Profit | -60,651,425.87 | -4,489,870.13 | | IV. Total Profit | -84,075,425.29 | -4,816,466.90 | | V. Net Profit | -92,327,702.72 | -7,226,311.43 | | Net Profit Attributable to Parent Company Shareholders | -81,637,111.67 | 3,240,884.80 | | Basic Earnings Per Share | -0.1126 | 0.0047 | [Consolidated Cash Flow Statement](index=10&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E8%A1%A8) In the first three quarters of 2022, net cash flow from operating activities was **-145 million Yuan** (improved from **-297 million Yuan**), with net cash outflow from investing activities at **111 million Yuan**, and net cash inflow from financing activities at **228 million Yuan**, ending with **253 million Yuan** in cash and equivalents Consolidated Cash Flow Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -145,439,714.88 | -296,969,610.07 | | Net Cash Flow from Investing Activities | -110,830,218.50 | -365,037,272.39 | | Net Cash Flow from Financing Activities | 227,967,686.72 | 642,223,920.60 | | Net Increase in Cash and Cash Equivalents | -28,244,140.73 | -19,840,079.07 | | Cash and Cash Equivalents at Period End | 253,138,687.17 | 189,735,961.59 | [Audit Information](index=12&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2022 third-quarter report was unaudited - The company's third-quarter report was unaudited[27](index=27&type=chunk)

2022 年半年度报告 2022 年 8 月 北京双杰电气股份有限公司 2022 年半年度报告全文 北京双杰电气股份有限公司 1 北京双杰电气股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人赵志宏、主管会计工作负责人栾元杰及会计机构负责人(会计主管人员)栾 元杰声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 详见本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 | 2 | | --- | --- | | 第二节 公司简介和主要财务指标 | 6 | | 第三节 管理层讨论与分析 | 9 | | 第四节 公司治理 | 27 | | 第五节 环境和社会责任 | 28 | | 第六节 重要事项 | 30 | | 第七节 股份变动及股东情况 | 38 | | 第八节 优先股 ...

Financial Performance - The company achieved operating revenue of 1,171.28 million yuan, a year-on-year decrease of 4.88%[5] - The net profit attributable to ordinary shareholders was -113.32 million yuan, a year-on-year decrease of 451.74%[5] - The company's operating revenue for 2021 was ¥1,171,281,252.07, a decrease of 4.88% compared to ¥1,231,348,377.96 in 2020[40] - The net profit attributable to shareholders was -¥113,324,311.59, representing a decline of 451.74% from a profit of ¥32,218,396.29 in 2020[40] - The net cash flow from operating activities was -¥272,484,102.13, a decrease of 272.81% compared to ¥157,680,529.06 in 2020[40] - The total assets at the end of 2021 increased by 28.18% to ¥3,394,800,789.32 from ¥2,648,561,863.57 at the end of 2020[40] - The net assets attributable to shareholders rose by 58.08% to ¥1,353,263,786.33 from ¥856,083,777.20 at the end of 2020[40] - The company reported a basic earnings per share of -¥0.1614, a decrease of 393.45% from ¥0.055 in 2020[40] - The weighted average return on equity was -8.71%, down 12.51% from 3.80% in 2020[40] - The net cash flow from operating activities decreased by CNY 430.16 million, a decline of 272.81% compared to the previous year[76] Challenges and Risks - The company faced challenges due to the impact of the COVID-19 pandemic on the supply chain and production operations[6] - The company has implemented measures to mitigate the impact of the COVID-19 pandemic, although it continues to affect global production and economic operations[23] - The company faces risks related to external investments, including potential underperformance of invested enterprises and goodwill impairment if market or technological conditions change significantly[22] - The photovoltaic power station projects involve significant investment and long payback periods, which may pressure the company's cash flow and profitability[23] Business Expansion and Strategy - The company plans to expand its renewable energy business and has increased its workforce by nearly 100 employees, leading to higher salary and expense costs[6] - The company is in the process of acquiring Tianjin Donggao Film Technology Co., Ltd. through a share swap agreement with Hebei Jinli[11] - The company has actively expanded into the renewable energy sector by establishing subsidiaries such as Shuangjie Hefei and Anhui Zhiyuan, aiming to capitalize on the current electricity market reforms[22] - The company is expanding its photovoltaic business through integrated EPC services, leveraging project experience and brand reputation to increase market share[53] - The company aims to expand its market presence in renewable energy projects, focusing on the development and sales of distribution equipment for wind and solar power[61] Research and Development - The company has achieved multiple technological breakthroughs in insulation, sealing, and automation technologies, holding numerous patents and proprietary technologies[57] - The company has developed solid-insulated ring network cabinets, recognized as a key new product by the state and listed in various promotion catalogs, featuring high-strength solid insulation materials and modular production capabilities[63] - The company has established a mature R&D team with over 15 years of experience in photovoltaic business, contributing to the design and construction of solar power plants with a cumulative capacity exceeding 1,200 MW[59] - The company’s R&D expenditure amounted to ¥93,147,190.93 in 2021, representing 7.95% of total revenue, an increase from 5.94% in 2020[94] - The number of R&D personnel increased by 48.44% to 380 in 2021, with a higher proportion of personnel holding bachelor's degrees at 59.74%[94] Corporate Governance - The company has a board of directors consisting of 9 members, including 3 independent directors, in compliance with legal and regulatory requirements[133] - The company has established a complete and independent financial management system, allowing for autonomous financial decision-making and tax compliance[139] - The company maintains independence in operations, assets, and personnel from its controlling shareholders, ensuring no conflicts of interest[136][138] - The company has a transparent and standardized process for the appointment and evaluation of its management team[135] - The company has established independent operational processes, including procurement and sales systems, fully separating its business from that of its controlling shareholders[141] Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 7.26 million yuan[156] - The company has established a competitive compensation system to attract high-end talent, including basic salary, performance pay, and bonuses[168] - The employee stock ownership plan includes 10,607,834 shares held by employees, representing 0.84% of the total shares of the listed company[173] - The company has a training program aimed at developing talent according to strategic needs, with various training methods employed[169] - The total number of employees at the end of the reporting period is 1,534, with 446 in the parent company and 1,088 in major subsidiaries[167] Environmental and Social Responsibility - The company emphasizes compliance with environmental laws and has not faced any administrative penalties related to environmental issues during the reporting period[183] - The company has implemented comprehensive environmental management across raw materials, processes, packaging, and sales, ensuring compliance with pollution standards through advanced equipment like SF6 gas recovery systems and smoke purification systems[187] - The company is responding to the "dual carbon" goals by focusing on the development of smart distribution networks and integrating distributed energy resources[121] - The company is actively developing low-carbon and environmentally friendly equipment, leveraging opportunities from national policies on green energy and new infrastructure[124] Financial Management and Investments - The company completed a private placement of shares, issuing 139,534,883 shares at a price of 4.30 yuan per share, raising a net amount of approximately 586 million yuan[66] - The company has not made any significant equity investments during the reporting period[107] - The company has committed to timely disclosure of any failure to fulfill its commitments, along with measures to protect investor rights[194] - The company has a stable management team, with clear responsibilities and no reported violations of duties since its establishment[135] - The company has strengthened its tax management and compliance, reducing tax risks and enhancing tax awareness among employees[186]