Shen Nan Dian(SZ:000037) Chang Jiang Shang Bao·2026-01-08 00:05Core Viewpoint - Company is undergoing a strategic transformation driven by "overseas breakthroughs + deepening energy storage" to become a comprehensive energy service provider [1][4] Group 1: Overseas Expansion - Company announced that its wholly-owned subsidiary won a bid for a 2×450MW gas turbine combined cycle power plant operation and maintenance project in Cambodia, with a contract value of $2.08 billion and a service period of 14 years [2][3] - This project is seen as a milestone in the company's internationalization efforts, significantly expanding its business scale in the gas turbine operation and maintenance sector [3] Group 2: Energy Storage Transformation - Company has been focusing on energy storage as a core area of its strategic transformation, with plans to build a 100MW/200MWh independent energy storage station by 2026 and expand distributed photovoltaic and commercial energy storage businesses [4][5] - Despite being in a transitional phase with temporary losses, the company has shown signs of improving operational performance, with a 56.29% reduction in net losses year-on-year for the first three quarters of 2025 [5]