CREAT(SZ:002350) Chang Jiang Shang Bao·2025-08-06 23:56Core Viewpoint - Beijing Keri has successfully secured multiple contracts in the renewable energy sector, indicating a positive trend in its business performance and market expansion efforts [1][2][3]. Group 1: Contract Wins - On August 5, Beijing Keri announced it won a bid for a framework agreement with China Huaneng Group for the procurement of renewable energy box transformers, with a total bid amount of approximately 693 million yuan [1][2]. - Since the beginning of 2025, Beijing Keri has won seven contracts, totaling approximately 2.092 billion yuan, surpassing its total revenue for 2024 [3]. - The recent contract win is the largest for the year, reflecting the company's successful exploration in the renewable energy sector [2]. Group 2: Financial Performance - In the first half of 2025, Beijing Keri is expected to report a net profit attributable to shareholders of between 16 million and 20 million yuan, marking a turnaround from a loss of 11.84 million yuan in the same period last year [6]. - The company reported a revenue of 2.042 billion yuan in 2024, a year-on-year increase of 4.58%, and a net profit of 39.21 million yuan, indicating a recovery from previous losses [5]. - The company has experienced fluctuating performance over the past five years, with a peak revenue of 2.333 billion yuan in 2021, followed by a decline in subsequent years, leading to a loss in 2023 [5]. Group 3: Business Strategy - Beijing Keri focuses on three main business areas: research and manufacturing of distribution equipment, investment and construction in renewable energy, and smart energy management [4]. - The company is actively expanding its presence in the renewable energy market, particularly in emerging sectors such as energy storage and charging stations, which has contributed to revenue growth [7]. - The improvement in performance is attributed to an increase in orders from the renewable energy sector, optimization of marketing strategies, and cost-reduction measures in technology and procurement [7].