JZ GROUP(SZ:300040) Zheng Quan Shi Bao Wang·2025-11-07 12:56Core Viewpoint - Jiuzhou Group is focusing on the smart distribution network and network energy sectors, showcasing significant growth in revenue and net profit, while also emphasizing its commitment to research and development in new energy and smart distribution technologies [1][2][3] Group 1: Financial Performance - For the first three quarters of 2025, Jiuzhou Group achieved total revenue of 947 million yuan and a net profit attributable to shareholders of 43.12 million yuan, with a non-recurring net profit of 48.01 million yuan [1] - In Q3, the company reported a revenue of 261 million yuan, with a net profit of 302,300 yuan and a non-recurring net profit of 492,370 yuan [1] - The operating cash flow improved significantly, exceeding 300 million yuan, representing a year-on-year increase of 320% [1] Group 2: Business Development and R&D - Jiuzhou Group is closely monitoring and investing in new electricity consumption scenarios driven by computing power demand, with modular UPS power supply systems and high-voltage DC power systems developed and expected to complete testing soon [2] - The company has initiated multiple R&D projects for various types of smart distribution network equipment, with new products like micro-module data center prototypes and smart busbars expected to be unveiled soon [2] - Jiuzhou Group has a strong technical background in transformer products, having achieved technology exports as early as 2012, and is the only authorized OEM for Schneider Electric, ABB, and Rockwell Automation in Northeast China [2] Group 3: Renewable Energy Projects - Jiuzhou Group currently has over 1 GW of capacity in construction and secured projects, with an additional 2 GW to 3 GW in the development phase, ensuring sustained growth for its renewable energy segment over the next 3 to 5 years [3] - The company has successfully completed the grid connection of the 100 MW wind power project in collaboration with Huadian and has acquired equity in the 50 MW wind power project in Dingbian [3] - Jiuzhou Group is actively exploring overseas business opportunities, having successfully bid for a key energy storage project in Central Asia and is assessing investment opportunities in wind and solar power projects in ASEAN and Central Asian countries [3]