东方电子：以数智之力 筑电力新基

Core Viewpoint - The "14th Five-Year Plan" period is crucial for Dongfang Electronics to anchor national strategies, deepen technological breakthroughs, and expand industrial boundaries, transitioning from a leader in power automation to a comprehensive solution provider in the "source-network-load-storage + AI" full-chain service, laying the foundation for high-quality development and value enhancement [1] Group 1: Business Focus and Strategy - Dongfang Electronics has been deeply engaged in the power equipment sector for over 40 years, focusing on three core business areas: smart grid, smart energy, and smart cities, while exploring technology and market practices in various directions such as scheduling and cloud services, power transmission and transformation automation, new distribution network solutions, comprehensive energy, and virtual power plants [1] - The company has established a complete industrial chain covering the "source-network-load-storage" model, with a product system that spans all links of smart grid "generation, transmission, transformation, distribution, and consumption" [1] Group 2: Technological Innovation and Achievements - The virtual power plant technology independently developed by Dongfang Electronics was recognized as "internationally leading" by an expert group led by an academician from the Chinese Academy of Sciences in 2024 and was selected as a "green and low-carbon advanced technology demonstration project" by the National Development and Reform Commission in April 2025 [2] - The virtual power plant business has been practically applied in various scenarios, including State Grid, Southern Grid, power generation groups, energy groups, and urban and park-level applications [2] Group 3: Future Outlook and Financial Performance - With the recent introduction of national policies supporting virtual power plants, the demand for digital virtual power plant construction is increasing, highlighting economic benefits and social impacts, which assist in achieving the goals of the new energy system and new power system construction [2] - Over the past three years, Dongfang Electronics has distributed a total cash dividend of 337 million yuan to shareholders, sharing the fruits of development [2] - Looking ahead to the next five years, the company plans to deepen its "one main and two wings" strategic layout, focusing on six industrial directions, increasing R&D investment in green low-carbon and grid AI fields, and accelerating the expansion of new green low-carbon industries and digital transformation tracks [2]