Group 1 - The core viewpoint of the article highlights that Zhongyeda Electric Co., Ltd. reported a revenue of 5.458 billion yuan for the first half of 2025, representing a year-on-year growth of 4.79%, with a net profit attributable to shareholders of 130 million yuan [1] - The company is a professional distributor of industrial electrical products, focusing on distributing industrial electrical components from contracted suppliers and manufacturing integrated systems and complete products [1] - The demand in the industrial electrical market has shown a recovery growth driven by accelerated investment in the power grid, new energy, and new infrastructure sectors [1] Group 2 - Zhongyeda has established a comprehensive sales network with 53 subsidiaries and over 120 offices across major cities in China, providing stable, timely, and efficient products and services to customers [1] - The company has effectively shortened the supply cycle of products nationwide through seven logistics centers and 50 logistics distribution transfer warehouses, enabling timely delivery and warehouse management services [1] - To enhance its industrial electrical product distribution business, Zhongyeda has built a national industrial technology service network, integrating pre-sales technical support, industry solutions, personnel training, and after-sales technical services [2] Group 3 - The company's technical service platform, zydCARE, coordinates service demands and resources, gradually responding to the needs of industrial electrical brand manufacturers, large complete manufacturers, and end-users [2] - By leveraging digital applications, Zhongyeda integrates its distribution network, logistics network, and technical service network, creating a comprehensive industrial electrical distribution service platform that enhances its core competitiveness [2]

Core Viewpoint - The company achieved a revenue of 5.458 billion yuan in the first half of 2025, representing a year-on-year growth of 4.79%, with a net profit of 130 million yuan, driven by accelerated investment in the power grid and demand in new energy and new infrastructure sectors [1] Group 1: Business Overview - The main business of the company is the distribution of industrial electrical products, covering low and medium voltage power distribution products and industrial automation products [1] - The company has established a stable customer base nationwide and maintains a leading position in a competitive market through a comprehensive operational strategy that includes industry, product, and regional coverage [1] Group 2: Competitive Advantages - The company's core competitiveness is summarized as a "3+1" network consisting of distribution network, logistics network, technical service network, and the integration of the internet [1] - The distribution network includes 53 subsidiaries and over 120 offices across major cities in China, providing stable and timely services to customers [2] - The logistics network features seven logistics centers and 50 distribution hubs, effectively shortening supply cycles and enhancing delivery and warehousing services [2] - The technical service network is built around a national industrial technical service network, offering pre-sales support, industry solutions, training, and after-sales services [2] - The integration of digital applications enhances the synergy between the distribution, logistics, and technical service networks, promoting differentiated development and strengthening core competitiveness [2] Group 3: Team Structure - The "3+1" team structure focuses on core customers such as complete manufacturers, OEMs, system integrators, and end-users, optimizing customer structure based on market conditions [3] - The small customer team targets small clients through a combination of online and offline strategies to cover fragmented markets and develop secondary market channels [3] - The technical service team provides value-added services by offering industry application solutions to emerging industry clients based on industrial electrical product services [3]

Core Insights - The company achieved a revenue of 11.067 billion yuan and a net profit of 169 million yuan in 2024, with a significant increase in operating cash flow by 129.08% to 707 million yuan, indicating strong cash flow and a healthy financial structure [1] - The profit distribution plan for 2024 includes a cash dividend of 3 yuan per 10 shares, totaling 163 million yuan, which represents 96.49% of the net profit for the year [1] Company Overview - The company is the largest industrial electrical distribution service provider in China, offering a wide range of products and services to meet diverse customer needs across various regions and industries [2] - It distributes products from nearly 200 brands and over 1 million models, providing a one-stop procurement solution for industrial electrical products [2] - The company has established a national industrial technology service network and an integrated manufacturing center to deliver customized solutions through technical services, system integration, and complete manufacturing [2] Competitive Advantages - The company's core competitive advantage is encapsulated in its "3+1" network model, which includes distribution, logistics, and technical service networks, along with internet integration [2] - The distribution network consists of 53 subsidiaries and over 120 offices across major cities in China, with plans for further expansion into lower-tier cities and new product lines [2] - The logistics network features seven major logistics centers and 50 distribution hubs, aimed at reducing supply cycles nationwide [3] Technological Integration - The technical service network is designed to enhance the distribution business through an information system and service management framework, with a national service network led by a central technical hub [3] - The company is leveraging digital applications to integrate its distribution, logistics, and technical service networks, creating a comprehensive online and offline industrial electrical distribution service platform [3] International Expansion - The company is accelerating its international business development, with plans to explore markets in Vietnam, Thailand, Indonesia, Malaysia, and Japan by conducting macro-environment scans and industry surveys [3]