Company Overview - Beijing Shuangjie Electric Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2015 under stock code 300444.SZ. The company has over 20 years of experience in the power industry, maintaining strong R&D capabilities and advanced smart manufacturing levels [2]. - The company has over 2,000 employees and six production bases located in Beijing, Anhui, Inner Mongolia, Xinjiang, Jiangsu, and Hubei, covering both power distribution and new energy intelligent equipment [2]. Financial Performance - In the first three quarters of 2025, the company achieved a revenue of ¥3,309,345,049.19, representing a year-on-year growth of 29.08% - The net profit attributable to shareholders reached ¥125,078,549.58, with a year-on-year increase of 7.59% [2]. Business Segments Smart Electrical Products - The main products include equipment for power distribution systems, such as ring main units, pole-mounted switches, and various types of transformers. Core products contributing significantly to revenue include solid-insulated ring main units, pole-mounted switches, transformers, and box-type substations [3]. New Energy Business - The company is expanding its new energy business, focusing on wind, solar, storage, and charging solutions, providing comprehensive solutions for customers [2]. Market Position and Growth Opportunities - The company benefits from the national push for high-quality development in the power distribution network, which has led to a significant increase in orders for power grid equipment [4]. - The solid-insulated ring main unit is a key innovative product with a promising market outlook, particularly in harsh environments and overseas markets driven by environmental policies [5]. Revenue Distribution - Currently, the majority of the company's revenue comes from the domestic market, with overseas sales accounting for approximately 10% of the smart electrical business revenue. The new energy business's overseas expansion is progressing as planned [6]. Cost Management - The main raw materials affecting costs are copper and silicon steel, with copper significantly impacting transformer costs. The company is implementing risk management measures, such as price locking with suppliers, to mitigate the effects of raw material price fluctuations [7]. Future Strategies - The company is focused on organic growth through R&D and technological innovation in its core business areas, with no immediate plans for cross-industry mergers or acquisitions [8].

Core Viewpoint - The company focuses on providing customized and diversified solutions in the smart electrical field, addressing industry demands and application environments [1] Group 1: Product Development - The company has successfully applied its solid cabinets and environmentally friendly gas cabinets in offshore drilling platform projects [1] Group 2: Future Strategy - The company plans to continue promoting technological innovation and service upgrades to meet the expanding market demand [1]