Core Insights - Xinjiang's coal, solar, and wind energy reserves rank among the highest in the country, enabling the "Xinjiang Power Transmission" initiative, which complements electricity usage patterns between Xinjiang and the eastern-central regions [1][2] - The scale of "Xinjiang Power Transmission" has expanded significantly since the 18th National Congress, establishing a robust power grid structure that supports both internal supply and external transmission [1][3] Group 1: Power Transmission Infrastructure - The ±1100 kV ultra-high voltage transmission line from Xinjiang to Anhui spans over 3000 kilometers, ensuring stable and safe operation through advanced drone inspections [2][3] - Xinjiang has developed five major power transmission corridors, including routes to Gansu, Henan, Anhui, and Chongqing, facilitating efficient energy distribution [3][4] - By the end of 2024, Xinjiang plans to have 32 750 kV substations and 98 transmission lines, totaling 12,300 kilometers, making it the province with the most extensive 750 kV network in China [3][5] Group 2: Renewable Energy Integration - The integration of wind and solar energy into the grid is challenging due to their variability, but Xinjiang has developed a new generation of power forecasting systems that utilize AI for accurate predictions [4][5] - A comprehensive automatic control system has been established to optimize the collaboration of various energy sources, ensuring maximum utilization of renewable energy [5][6] - Currently, one-third of the electricity transmitted from Xinjiang is green energy, with over 270 billion kilowatt-hours of green electricity delivered, equivalent to planting 11.18 billion trees [5][6] Group 3: Future Developments - Xinjiang plans to initiate 41 new and ongoing ultra-high voltage projects by 2025, marking a 50% increase from 2024, indicating a significant expansion in infrastructure development [6]

新疆的煤炭、太阳能、风能储量均居全国前列，更难得的是，新疆与中东部地区在用电时间上形成互补，这独特的优势让"疆电外送"成为可能。 党的十八大以来，"疆电外送"规模不断扩大，如今的新疆电力已织就"内供七环网、外送五通道"的电网格局。这条"电力丝路"，不仅点亮了中东部千万家庭 的灯火，更为全国能源的结构转型注入新疆动力。 疆电外送：跨越千里的"电力丝路" 电力工人操控的无人机正在为新疆准东送安徽皖南±1100千伏特高压输电线路进行"空中体检"，确保这条跨越3000多公里的电力高速路稳定安全运行。 新疆送变电公司东疆运检分公司副班长郭靖：相比以前我们拿着望远镜走路巡视，无人机巡检的优点是不受山区等环境的影响限制，巡视效率也比人工巡视 快很多，同时它搭载的红外热成像仪和激光雷达等新设备，可以实现全方位、无死角的巡视作业。 为何在电力巡检工作人员眼中，保障输电大通道的稳定运行容不得半点差池？因为每时每刻他们都在保障一场独特的"迁徙"——电力大转场。 新疆与中东部省份存在两三个小时的时差，而这顺理成章形成了天然的发电错峰优势。 清晨8时，北京的街头已车水马龙，迎来一天中的用电早高峰。就在这时，新疆的天空却刚泛起鱼肚白，新 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company achieved a revenue of 321 million yuan in H1 2025, representing a year-on-year increase of 43.15%, and a net profit attributable to shareholders of 46 million yuan, up 32.48% year-on-year [1] - The growth in revenue and profit is primarily driven by the rapid increase in demand for distributed power forecasting, particularly in the renewable energy sector [1][2] - The company has successfully controlled costs, leading to a net profit growth that outpaces revenue growth [1] Revenue and Profit Analysis - In H1 2025, the company's revenue from renewable energy power forecasting products increased by 55.14% year-on-year, driven by management requirements related to distributed power forecasting [2] - The number of new power station users reached 1,116, a 26% increase compared to the end of 2024, with a total of 5,461 power stations served by the company as of H1 2025 [2] Business Innovation - The company is advancing its innovative business segments, including power trading and virtual power plants, expanding its user base across several provinces [3] - The subsidiary has achieved significant growth in operating revenue from renewable energy assets, which reached 32.63 million yuan, a year-on-year increase of 665.96% [3] Financial Forecast - The company is projected to achieve net profits of 120 million yuan, 154 million yuan, and 196 million yuan for the years 2025, 2026, and 2027, respectively [3]