TGOOD(SZ:300001) Zhong Guo Zheng Quan Bao·2025-07-31 21:26Core Viewpoint - The entrepreneurial journey of Yu Dexiang, chairman of Teruid (300001), emphasizes innovation and leadership in the energy sector, aiming to establish the company as a leader in both China and globally [1][2]. Group 1: Company Background and Achievements - In 2004, Yu Dexiang founded Teruid after leaving a 13-year career at the State Grid Corporation, focusing on the box-type substation market [2]. - Teruid gained recognition by successfully completing the Qinghai-Tibet Railway project, delivering 105 box-type substations in under three months, showcasing its innovative capabilities [2][3]. - The company became the first listed company on the Growth Enterprise Market in 2009, with stock code 300001, capitalizing on its early market entry [3]. - Teruid has developed several industry-first products, including the first 10kV high-speed rail remote control box transformer and the first 220kV prefabricated offshore booster substation, contributing to the advancement of China's power equipment sector [3][4]. Group 2: Financial Performance - In 2024, Teruid's "smart manufacturing + integrated services" business achieved a revenue of 10.485 billion yuan, a year-on-year increase of 22.47%, with a net profit of 709 million yuan, up 91.42% [4]. Group 3: Expansion into Electric Vehicle Charging - In 2014, Teruid launched a second venture, Terlai Electric, focusing on building a charging network for electric vehicles, which took ten years to develop [6]. - Terlai Electric aims to create a comprehensive charging network to support the growing demand for electric vehicles, emphasizing the importance of a structured charging system over merely installing charging stations [6][7]. - By 2024, Terlai Electric reported a net profit of 290 million yuan, with a nationwide charging service network that includes over 709,000 public charging terminals [8]. Group 4: International Expansion - Teruid has successfully expanded its operations to 56 countries, achieving an overseas business contract value of 800 million yuan in 2024, a 131.87% increase year-on-year [9]. - The company completed a significant project in Saudi Arabia, delivering 15 sets of 132kV mobile substations in under six months, demonstrating its operational efficiency and technical prowess [10][11].