SOJO(SZ:300444) Xin Lang Cai Jing·2025-11-05 12:10Core Viewpoint - Beijing Shuangjie Electric Co., Ltd. (stock code: 300444.SZ) is focusing on the integration of source, network, load, and storage in its strategic development, with significant growth potential in both its power distribution and new energy sectors [1][3]. Company Overview and Performance - Established in 2002 and listed on the Shenzhen Stock Exchange in 2015, the company has developed two main business segments: power distribution and new energy [1]. - For the first three quarters of 2025, the company achieved operating revenue of 3.309 billion yuan, a year-on-year increase of 29.08%, and a net profit attributable to shareholders of 125 million yuan, up 7.59% [2]. Strategic Focus and Project Development - The company is advancing a 400,000 kW wind power project along with supporting energy storage, aiming for stable clean power supply and collaborative operation across source, network, load, and storage [3]. - A multi-channel financing plan has been established to support project progress, including setting up funds, attracting strategic investors, and utilizing traditional bank financing [3]. - The company plans to expand its focus on green electricity supply from wind and solar, self-built grid facilities, and further development in high-energy industries like hydrogen and data centers [3]. Market Opportunities and Growth Potential - The company anticipates significant opportunities during the 14th Five-Year Plan period, driven by policies promoting electrification and the growth of smart grids [3]. - The demand for electricity is expected to rise, particularly in the AI sector, which will require enhanced power supply [3]. - The company has successfully obtained UL certification for its transformer products, facilitating entry into the North American market, and is actively pursuing overseas expansion in regions like Central Asia [3]. Future Strategic Direction - The company aims to implement a "dual-wheel drive" strategy, maintaining stable operations in its smart electrical business while rapidly expanding its new energy sector [3]. - The synergy between power distribution and new energy sectors is expected to drive long-term growth [3].