Group 1: Main Business Operations - Wanliyang Energy Company primarily engages in energy storage power station investment and operation, as well as electricity sales [2] - The energy storage power stations include generation-side, grid-side independent, and user-side storage facilities [2] Group 2: Energy Storage Station Layout - Generation-side energy storage stations are located in Guangdong and Gansu provinces, while user-side stations are in Zhejiang province [2] - Grid-side independent energy storage stations are situated in Guangdong and Zhejiang provinces, with ongoing expansion in Jiangsu, Guangxi, and Hainan provinces [2] Group 3: Operational Scale of Independent Energy Storage Stations - Currently operational grid-side independent energy storage stations in Zhaoqing, Guangdong (100MW/200MWh) and Yiwu, Zhejiang (100MW/200MWh) [3] - Under construction: "Wanliyang Gaoming Independent Energy Storage Station" in Foshan, Guangdong (200MW/400MWh) and "Yiwu Wanliyang Suxi Substation" in Yiwu, Zhejiang (50MW/100MWh), expected to be operational in the second half of 2025 [3] Group 4: Infrastructure Composition - Main facilities of grid-side independent energy storage stations include battery packs, inverters, transformers, fire protection systems, and basic infrastructure [3] Group 5: Business Development Plans - The company aims to expedite the commissioning of ongoing energy storage projects and enhance operational efficiency of existing projects, targeting a total capacity exceeding 3000MW/6000MWh [3] - Plans to leverage accumulated advantages and experience to expand external market operations and maintenance services for energy storage stations [3] Group 6: Business Model of Independent Energy Storage Stations - Independent energy storage stations primarily provide peak shaving, frequency regulation, backup, and black start services to the grid, with variations across provinces [3] Group 7: Operation and Maintenance Costs - Current operation and maintenance costs mainly consist of personnel salaries, office expenses, and facility maintenance costs [3]