Group 1: Company Overview - Shenzhen Guangju Energy Co., Ltd. is the only listed company platform under the state-owned assets in Nanshan District, Shenzhen, with a controlling shareholder holding 55.54% of the shares [2] - The main business includes wholesale and retail of refined oil, chemical trade, and property leasing, with refined oil being a stable source of revenue and profit in recent years [2] Group 2: Acquisition of Aerospace Ouhua - The company completed the acquisition of Aerospace Ouhua in Q1 2025, aiming to provide financial support and enhance synergy with its main business [3] - The acquisition aligns with the company's strategic goals and is expected to improve profitability and expand business scale [3] Group 3: Business Operations and Strategy - The refined oil business covers procurement, storage, logistics, wholesale, and retail, with competitive advantages in infrastructure and supplier relationships [4] - The company plans to upgrade gas stations and develop smart refueling stations, contributing to steady growth in the refined oil sector [5] - The company has a cash-rich position, ensuring stable cash flow despite the acquisition [4] Group 4: Future Plans and Adjustments - Guangju Yilian will cease chemical and electronic product trading by mid-2024 to focus on new energy projects [7] - The company aims to enhance management and risk prevention while pursuing high-quality development and expanding its main business [7] - Future investments will focus on new energy technology and computing power industries, ensuring a solid foundation for the integration of new and old business models [7] Group 5: Market Impact and Risk Management - The U.S. tariff policies do not directly impact the company's domestic refined oil business, as it does not involve imports or exports [5] - The company actively monitors international oil price fluctuations to mitigate risks associated with procurement [5] - Investment returns are influenced by the performance of associated companies and market volatility, and are not classified as sustainable income [7]