Group 1: Company Performance - The company achieved a revenue of 18.8 billion yuan in the first half of the year, representing a year-on-year increase of 2.63% [1] - The company has experienced three consecutive years of losses and is focusing on improving profitability through enhanced management and market expansion [1][2] - As of September 19, the company has not triggered any delisting risk warnings according to Shenzhen Stock Exchange regulations [2] Group 2: Market Strategy and Product Development - The company is actively developing integrated solutions in the "vehicle-road-cloud" sector, leveraging its smart pole technology [1] - Management is confident in the company's future and is taking multiple actions to strengthen core competitiveness and improve operational performance [2] - The company has repurchased 16,498,650 shares, accounting for 1.15% of the total share capital, to enhance shareholder value [3] Group 3: Investor Relations and Communication - Investors are encouraged to refer to the company's periodic reports for detailed performance updates [2] - The company maintains that its cash flow is sufficient to support operations while also engaging in low-interest financial investments to enhance fund efficiency [3] - The company assures that there are no undisclosed significant issues affecting its operations [2]

Core Viewpoint - The Ministry of Industry and Information Technology, along with other regulatory bodies, has issued a plan to promote growth in the power equipment industry from 2025 to 2026, emphasizing international market expansion and cooperation in green energy sectors [1] Group 1: International Market Expansion - The plan encourages active exploration of international markets for power equipment [1] - It highlights the importance of participating in the global energy transition towards green and low-carbon solutions [1] Group 2: Cooperation and Collaboration - The initiative aims to strengthen cooperation in green infrastructure and new infrastructure sectors [1] - It emphasizes deepening collaboration with emerging market countries across the entire industry chain in wind power, photovoltaics, and energy storage [1] Group 3: Quality and Branding - The plan calls for enhancing product quality and building a strong brand image for power equipment [1] - It supports foreign contracting projects in the power sector and encourages energy development and equipment manufacturing companies to collaborate with financial institutions for overseas ventures [1] Group 4: Supply Chain Integration - The initiative promotes the integration of component manufacturing companies into overseas supply chains [1]

Core Insights - Zhejiang's total electricity consumption reached 323.27 billion kWh in the first half of the year, marking a year-on-year increase of 7.1%, outpacing the province's GDP growth, indicating robust economic momentum and sufficient power supply [1][2] - The electricity consumption across three major industries was 1.71 billion kWh, 217.01 billion kWh, and 58.18 billion kWh, with growth rates of 13.3%, 5.2%, and 11.1% respectively [1] - Industrial electricity consumption grew by 5.5%, contributing 3.7 percentage points to the overall electricity consumption growth, highlighting the industrial sector's role as a pillar of economic development [1] Industry Performance - The "415X" advanced manufacturing initiative has led to a 7.9% increase in electricity consumption within industrial clusters, surpassing the overall industrial growth rate by 2.4 percentage points [1] - The new generation information technology cluster showed strong growth, with electricity consumption reaching 9.03 billion kWh, a year-on-year increase of 13.9% [1] Economic Drivers - As a major foreign trade province, Zhejiang's foreign trade recovery is reflected in electricity consumption, with a 1.4 percentage point increase in electricity consumption by large-scale foreign trade enterprises in June compared to May [2] - The consumption of electricity in the service sector reached 19.05 billion kWh, growing by 15.4% year-on-year, driven by a thriving cultural market and consumer activities [2] Infrastructure and Investment - Data centers and charging facilities accounted for 1.2% and 1.0% of total electricity consumption, respectively, with super-large data centers experiencing a remarkable 54.1% increase in electricity usage [2] - The second quarter saw a 1.3°C rise in temperature compared to the previous year, significantly boosting electricity consumption in the tertiary sector, which grew by 20.7% in June [2] Overall Economic Outlook - The steady growth in electricity consumption in Zhejiang reflects a robust economic operation and positive structural optimization, laying a solid foundation for high-quality economic development throughout the year [3]