TGOOD(SZ:300001) Zhong Guo Zheng Quan Bao·2025-07-31 21:02Core Insights - The article highlights the entrepreneurial journey of Yu Dexiang, the chairman of Teruid, who has led the company to become a leader in the power equipment industry through innovation and a focus on creating market needs rather than merely responding to them [1][3] Company Development - In 2004, Yu Dexiang founded Teruid after leaving a 13-year career at the State Grid Corporation, focusing on the box-type substation sector [1][2] - Teruid gained recognition by successfully completing the Qinghai-Tibet Railway project, producing 105 high-reliability box-type substations in under three months, which established the company as a key player in the railway construction boom [2][3] - The company went public in 2009, becoming the first listed company on the Growth Enterprise Market with stock code 300001 [2] Innovation and Product Development - Teruid has developed several industry-first products, including the first 10kV high-speed railway remote control box transformer and the first 220kV prefabricated offshore booster substation, filling gaps in the domestic market and advancing the power equipment industry [3][4] - The company achieved a revenue of 10.485 billion yuan in 2024, a year-on-year increase of 22.47%, with a net profit of 709 million yuan, up 91.42% [4] Expansion into Electric Vehicle Charging - In 2014, Teruid launched a second venture, Teruide, focusing on building a charging network for electric vehicles, which Yu Dexiang believes is essential for the future of electric mobility [4][5] - Teruide has developed a comprehensive charging network technology system, integrating charging networks, microgrids, and energy storage to support large-scale electric vehicle development [4][6] - By 2024, Teruide achieved profitability with a net profit of 290 million yuan, and it operates over 709,000 public charging terminals, capturing a 24% market share [7] International Expansion - Teruid has successfully expanded its operations to 56 countries, with a significant increase in overseas contracts, achieving 800 million yuan in overseas business in 2024, a 131.87% year-on-year growth [8] - The company completed a major project in Saudi Arabia, delivering 15 sets of 132kV mobile substations in under six months, showcasing its competitive edge in international markets [8]