Core Viewpoint - The company, Huashu Technology (301157.SZ), focuses on providing safer, greener, and smarter infrastructure solutions and services for AI computing power and renewable energy, establishing itself as a key player in the digital infrastructure sector through vertical integration in the battery safety management field [1] Group 1: Company Overview - Huashu Technology has been deeply involved in the battery BMS (Battery Management System) sector for twenty years, covering both energy storage and backup battery BMS, and has gained significant recognition from clients due to its extensive industry experience and project accumulation [1] - The company is the first listed BMS enterprise in China and holds a leading market share in the domestic market [1] Group 2: Business Applications and Clients - The company's products are utilized by well-known domestic and international enterprises, including Alibaba, Tencent, Baidu, ByteDance, China Mobile, China Unicom, China Telecom, State Grid, Bank of China, Industrial and Commercial Bank of China, Hangzhou Metro, Singapore Metro, Sinopec, and PetroChina [1] Group 3: Revenue and Future Plans - As of June 30, 2025, the revenue from the battery BMS business is expected to account for over 90% of the company's total operating income [1] - The company is actively expanding its overseas business, having established a wholly-owned subsidiary, Huzhou Huashu Digital Energy Technology Co., Ltd., in November 2025 to develop related businesses in overseas home energy storage and commercial distributed energy storage systems [1] - The company is also in the research and development phase for products compatible with HVDC (High Voltage Direct Current) and SST (Solid State Transformer) systems [1]
华塑科技(301157.SZ)：公司对HVDC和SST系统的适配产品已在研发布局中