充电桩双向变换模块（ Bidirectional Power Converter for EV Charger ）是电动汽车充电系统中的核心电力电子单元，能够实现电 能的双向流动——既支持从电网向车辆的充电（ Grid-to-Vehicle, G2V ），也可将车辆储能电池的能量回馈至电网或家用负载（ Vehicle-to-Grid, V2G / Vehicle-to-Home, V2H ）。这一技术有效提高了电能利用效率，支持分布式储能与智能电网互动，被视为 未来能源互联的关键节点。 充电桩双向变换模块全球市场总体规模 据 QYResearch 调研团队最新报告"全球充电桩双向变换模块市场报告 2025-2031 "显示，预计 2031 年全球充电桩双向变换模块 市场规模将达到 0.9 亿美元，未来几年年复合增长率 CAGR 为 22.5% 。 充电桩双向变换模块 ，全球市场总体规模 全球 充电桩双向变换模块 市场前 8 强生产商排名及市场占有率 （基于 2 0 24 年调研数据；目前最新数据以本公司最新调研数 据为准） 根据 QYResearch 头部企业研究中心调研，全球范围内充电桩双向变换模块生产商主 ...

Summary of 佛燃能源 Conference Call Company Overview - 佛燃能源 is a natural gas supply company with a significant focus on energy management services, including distributed energy solutions and renewable energy initiatives. [2][4] Key Financial Metrics - From 2018 to 2024, the company's revenue compound annual growth rate (CAGR) is projected to be 35.54%, while profit CAGR is expected to be 15.36%. [2][8] - In 2023, the net profit attributable to shareholders increased significantly by 29%, driven by investment income and performance compensation from the Nansha storage business. [2][8] - Forecasted net profits for 2025, 2026, and 2027 are expected to be 872 million, 922 million, and 976 million yuan respectively, with year-on-year growth rates of 2.2%, 5.7%, and 5.9%. [5][16] Business Segments - Natural gas supply accounts for 77.5% of gross profit, while supply chain and extended services contribute 22.5%. The technology research and equipment manufacturing segment has a low contribution to gross profit. [2][7] - The city gas business maintains a stable gross margin of around 10%, while the supply chain business has seen its gross margin decline to below 3%. [2][7] - The company has secured 13 regional pipeline gas operating rights, achieving regional monopolies. [10] User Demographics and Market Dynamics - The user base consists of 80% industrial and commercial users, 15% power plants, and 5% residential users, indicating a strong cyclical nature tied to macroeconomic conditions. [10][11] - The natural gas consumption in 佛山市 is expected to grow at a CAGR of 8.9% from 2025 to 2035, with gas-electric consumption projected to grow at 8.5%. [11] Investment Highlights - The company has a high dividend safety margin, with an average dividend payout ratio of 70% over the past five years. The expected dividend yield for 2025 is 4.1%. [3][9] - The company is exploring new business avenues, such as solid oxide fuel cells (SOFC) and hydrogen equipment manufacturing, indicating a strategy for growth beyond its core operations. [3][14] Strategic Partnerships and Resource Management - 佛燃能源 has stakes in two LNG receiving stations in Guangdong and collaborates with major suppliers like PetroChina and CNOOC to expand international resource channels. [13] - By 2028, the company anticipates that its overseas long-term contract volume will reach 1.09 million tons, covering 30%-40% of its demand. [13] Future Outlook - The company is expected to maintain a balanced approach between safety margins, dividend characteristics, and growth potential, with a buy rating suggested for investors. [16][17]