Core Viewpoint - The Shanghai Cooperation Organization (SCO) member states are focusing on multi-field cooperation, with energy collaboration being a core topic at the recent summit in Tianjin [1] Company Summary - Water Power and Electricity, as a key player in China's power equipment sector, is actively involved in energy construction among SCO member countries, positioning itself as an important practitioner of regional energy cooperation [1] - The company has implemented a "technology + localization" strategy, successfully entering seven SCO member countries, including Pakistan, Uzbekistan, and Russia, with multiple key projects [1] - Notable projects include providing power equipment for the Olympic City project in Uzbekistan to ensure reliable power supply for the sports event, and participating in the construction of substations in Pakistan to alleviate local power shortages with "Chinese solutions," thereby empowering local livelihoods and economic development [1] - Looking ahead, Water Power and Electricity aims to deepen SCO cooperation with superior technology, products, and services, contributing to the region's low-carbon energy transition and ensuring that "Water Power Quality Products" continue to serve the development of SCO member countries [1]

Core Insights - The Shanghai Cooperation Organization (SCO) is enhancing cooperation in connectivity, trade, and digital technology, fostering a path of mutual benefit and common prosperity for regional development [1][2][3] Connectivity and Trade - The "China-Kyrgyzstan-Uzbekistan" international freight train service has significantly reduced logistics time from 20 days to approximately 10 days, cutting transportation costs and insurance by 30% [2] - Trade volume between China and other SCO member states is projected to reach approximately $512.4 billion in 2024, accounting for 8.3% of China's total foreign trade [3] - The SCO has seen a rise in the number of international freight trains, with over 110,000 trains operated by June this year, ensuring stable supply chains in the region [2] Investment Cooperation - China's investment stock in SCO member countries exceeds $84 billion, with a focus on traditional sectors like oil and gas, as well as emerging fields such as digital economy and green development [5] - Major investment projects include the China-Kazakhstan agricultural integration project and the Uzbekistan automotive factory by BYD, showcasing the vitality and resilience of SCO cooperation [5][6] Financial Collaboration - The SCO has strengthened financial cooperation through currency swap agreements and the establishment of the SCO Banking Union, which supports local projects and enhances regional economic development [6] Digital Economy and Technology - The SCO countries are increasingly integrating digital economy strategies into their national plans, with China proposing initiatives like the establishment of a big data cooperation center and a digital education alliance [7][8] - Numerous digital technology applications have emerged, such as automated cross-border freight systems and secure electronic signature channels, enhancing trade efficiency [8]