Core Viewpoint - Public institutions play a crucial role in energy conservation and carbon reduction, acting as both advocates and practitioners in the transition to a green and low-carbon economy [1] Group 1: Energy Consumption and Reduction Achievements - Jiangsu province has nearly 30,000 public institutions, including government agencies, schools, and hospitals, with a significant reduction in energy consumption [2] - In 2024, total energy consumption in public institutions is projected to be 2.2413 million tons of standard coal, total water usage at 396 million cubic meters, and total carbon emissions at 9.7082 million tons, all below national targets [2] - Per capita comprehensive energy consumption, energy consumption per unit area, per capita water usage, and carbon emissions per unit area have decreased by 29.10%, 20.12%, 38.41%, and 20.02% respectively compared to the end of the 13th Five-Year Plan [2] - The number of public institutions exceeding energy consumption quotas has dropped from 5,447 in 2021 to 955, a reduction of approximately 82.5% [2] Group 2: Regulatory Framework and Future Directions - The newly revised "Regulations on Strict Economy and Opposition to Waste in Party and Government Agencies" sets higher requirements for energy conservation in public institutions [3] - The Jiangsu Provincial Government plans to enhance regulations and innovate systems to ensure compliance with the new regulations [3] Group 3: Contract Energy Management - Contract energy management is being utilized to introduce social capital for energy-saving technology renovations in public institutions [4] - Jiangsu is one of the earliest provinces to explore contract energy management, with 842 projects and a total investment of 1.657 billion yuan, achieving an annual energy saving of 77,500 tons of standard coal [5][6] Group 4: Carbon Neutrality Initiatives - Jiangsu is the first province to fully implement carbon benefit activities in public institutions, starting a pilot in September 2024 [7] - The province has developed a comprehensive management system for carbon benefits, with nearly 150,000 registered users and a total carbon reduction of 93 tons [7] - The carbon benefit mechanism encourages public participation and aims to integrate into various sectors of economic and social development [8]

Group 1: Financial Performance and Debt Management - Guangxi is one of the 12 key provinces for debt reduction, with significant government support for accounts receivable recovery [2] - In 2024, the company signed contracts worth approximately CNY 2,194.51 million for energy management, a year-on-year increase of 166% [5] - The company achieved a total contract amount of CNY 2,559 million for renewable energy design projects in 2024, representing a 145% increase compared to the previous year [5] Group 2: Urban Renewal and Construction Repair - The company's urban renewal business focuses on historical district renovations, providing technical consulting services for urban renewal and building modifications [3] - The collaboration with Keshun Waterproof Technology Co., Ltd. aims to enhance capabilities in building repair, covering areas such as structural reinforcement and mechanical renovation [3][4] - Urban renewal and building repair services currently account for a small proportion of the company's total revenue [3] Group 3: Strategic Partnerships and Business Expansion - The partnership with Keshun involves resource sharing, technical collaboration, and market expansion, enhancing competitiveness in the building repair sector [4] - The company has established a comprehensive business chain for energy management, including project evaluation, design planning, and implementation [6] - The company acquired Guangxi Hualan Hydropower Engineering Design Co., Ltd. in 2023 to expand into water conservancy-related construction and consulting services [6] Group 4: Future Outlook and Cash Flow Management - The company anticipates further improvement in cash flow in 2025, building on significant enhancements in 2024 [6] - Measures will be taken to strengthen accounts receivable recovery and reduce bad debt risks [6] - The company plans to pursue mergers and acquisitions in alignment with its strategic goals [6]

Core Insights - Jiangning Development Zone is making progress in building a "low-carbon park" as part of the national carbon peak pilot program with the launch of the city's first public institution all-scenario microgrid project [1][2] Group 1: Microgrid Project - The first public institution all-scenario microgrid project is located at the Jiangning Development Zone Management Committee, featuring a fully integrated solar and storage charging station [1] - The charging station allows electric vehicle owners to charge their vehicles quickly, achieving a range of 300 kilometers in just 5 minutes using a 600 kW fully liquid-cooled supercharging pile [1] - The station includes 4 V2G (Vehicle-to-Grid) charging piles for practical operation mode verification, enabling vehicle owners to not only charge but also "sell electricity" [1] Group 2: Renewable Energy Integration - The office building incorporates rooftop photovoltaics, flexible photovoltaics in corridors, and power-generating glass, with a total coverage area of approximately 3,810 square meters and a total installed capacity of 714 kW [1] - The renewable energy projects are expected to generate 875,200 kWh of green electricity annually, saving about 267.12 tons of standard coal and reducing carbon emissions by approximately 667.8 tons each year [1] Group 3: Energy Management and Efficiency - The energy resources are integrated into the Jiangning Development Zone's virtual power plant, which monitors and analyzes real-time data from various energy sources, including solar, storage, and charging [2] - The intelligent microgrid construction aims to create a comprehensive low-carbon development system through technology leadership, scenario demonstration, and refined management [2] - The management committee is promoting energy efficiency through building energy-saving systems, including dynamic management of elevators and optimized office lighting [1][2]