Core Insights - The article discusses the development and investment opportunities in the commercial energy storage sector in China, highlighting the decline in equipment prices and the increasing number of projects set to launch in 2024. Group 1: Investment Opportunities - Equipment prices for leading brand energy storage systems are projected to decrease from approximately 1.5 RMB/Wh in mid-2023 to 0.6-0.7 RMB/Wh by early 2025, which is expected to enhance investor enthusiasm [4] - In 2024, a total of 1,370 commercial energy storage projects are anticipated to be operational, with a significant focus on factory energy storage solutions [4] - The Jiangsu, Zhejiang, and Guangdong provinces are expected to show strong growth in enterprise penetration rates for commercial energy storage projects in 2024 [4] Group 2: Market Dynamics - The Chinese energy storage industry is demonstrating resilience and robust growth in 2024, transitioning from price competition to value competition amid a complex market environment [4] - The article emphasizes the importance of multi-faceted profit models to mitigate operational risks in the energy storage sector [4] Group 3: Training and Development - The training program includes both online theoretical and offline practical components, covering topics such as the current status and future prospects of commercial energy storage development [8] - Key areas of focus in the training include market development strategies, project implementation, and operational management for commercial energy storage projects [9]

Group 1: Company Performance and Projects - The company held a half-year performance briefing on August 29, 2025, discussing key projects and financial results with investors [1] - The 378MW fish-solar complementary project generated revenue of 63.06 million yuan and a net profit of 17.23 million yuan in the first half of 2025, achieving an annualized capital return rate exceeding 10% [1] - The company is advancing multiple projects in the renewable energy sector, including a 150MW solar project that was completed and connected to the grid in August 2025, and a 100MW/200MWh energy storage project that began operations on June 24, 2025 [2] Group 2: Logistics and Smart Manufacturing - The logistics subsidiary, Yueda Changjiu Logistics, achieved revenue of 128 million yuan in the first half of 2025, focusing on automotive logistics and increasing its market share [3] - The smart manufacturing segment includes Yueda Intelligent Agricultural Equipment, Yueda Textile, and Yueda Special Vehicles, with the latter achieving a revenue of 167 million yuan, a year-on-year increase of 45.22% [4] Group 3: Industry Trends and Policy Impact - The transition to grid parity in the solar industry is expected to create new challenges and opportunities, with the company positioned to benefit from its strong resource advantages and project operation capabilities [6] - The company has established a solid foundation for green electricity trading, with over 2 million kilowatt-hours traded in 2024 and the successful operation of multiple microgrid projects [7] Group 4: Recent Acquisitions - The company acquired Yueda Energy Service, which focuses on electricity sales and energy management, signing contracts with 32 new users in the first half of 2025, with a total agency electricity scale of 2.55 billion kilowatt-hours [8]