EVE(SZ:300014) Ge Long Hui·2025-12-04 00:32Core Viewpoint - China Gas (0384.HK) has signed a strategic cooperation agreement with Yiwei Lithium Energy, aiming to establish a comprehensive partnership that has garnered significant attention from the capital market and investors [1][3]. Group 1: Strategic Cooperation - The partnership between China Gas, a leader in comprehensive energy services, and Yiwei Lithium Energy, a leader in battery technology, is expected to create complementary advantages at the corporate level and serve as a model for the synergy of "technology + scenario" in the new energy industry [3][4]. - China Gas will provide comprehensive energy support, including biomass gas, steam, and new energy electricity, to Yiwei Lithium Energy's production bases in Yunnan, Hubei, and Malaysia, facilitating Yiwei's green and low-carbon transformation [4][5]. Group 2: Market Opportunities - The storage industry is experiencing a significant shift, with the National Development and Reform Commission's action plan projecting a cumulative installed capacity of 180 million kilowatts by 2027, a 140% increase from 2024 [6]. - The internal rate of return (IRR) for storage projects has improved, indicating a transition from being a "cost item" to a "must-have" with independent economic value [6]. Group 3: Competitive Advantage - China Gas is focusing on commercial users' energy storage needs, enhancing its technical advantages and project implementation capabilities, particularly in high-energy-consuming industries like electronics and chemicals [7][8]. - The company has successfully implemented benchmark projects, such as a 20MW/45MWh storage project for Jiangyin Haida Rubber and Plastic, showcasing its comprehensive technical strength and operational stability [7][8]. Group 4: Long-term Value Creation - China Gas is building a new energy service ecosystem centered around commercial users, which not only helps reduce costs but also aligns with national "dual carbon" goals, enhancing customer loyalty and operational advantages [9][10]. - The company has accumulated 617.7MWh of operational energy storage projects and a signed capacity of 1.2GWh, indicating significant untapped potential in this business [10]. Group 5: Future Prospects - China Gas is collaborating with major companies like BASF and Guoxuan High-Tech to focus on energy storage system development and green energy solutions, reinforcing its position in the new energy industry [11]. - The company's strategic shift from a gas supplier to a comprehensive energy service provider is expected to open up vast growth opportunities in energy services, driven by policy, market, and technological advancements [11].