Group 1 - The company, Xigao Institute, is focusing on opportunities arising from the national "dual carbon" strategy and the construction of a new energy system, emphasizing grid investment upgrades and clean energy development [1] - The company is experiencing continuous business expansion and stable order growth, with an increase in contract liabilities due to a prepayment model [1] - In 2024, the company plans to invest CNY 84.8 million in R&D to address the demand for low-energy and low-emission technology iterations [1] - The company is pursuing high-end, intelligent, and green technology layouts, considering acquisitions of companies with specialized technical advantages to enhance competitiveness [1] - The company has implemented a market value management system to enhance investment value through various means [1] - The company completed the distribution of dividends for 2024 on June 6 [1] - The company is actively conducting research on key technologies for environmentally friendly electrical equipment to support the national "dual carbon" goals [1] - The ultra-high voltage testing market is expected to expand continuously in 2025, driven by policy support and large-scale investments, with accelerated technology iterations [1] - The company has diversified growth points, participating in cutting-edge project R&D and validation, and increasing investment in technology R&D and innovation [1] - The company is exploring quality targets, focusing on standards, testing, measurement, certification, and technical consulting [1] - For energy storage business, the company has developed a strategy centered on technological innovation and R&D investment [1] - The company has a clear technology development layout, focusing on intelligent development, sulfur hexafluoride elimination technology, online monitoring technology, and AI perception technology [1] - Some overseas clients are choosing to send products for testing at Xigao Institute, with controllable transportation costs and no plans for overseas factories [1] - Besides acquisitions, the company aims to enhance traditional testing capabilities and promote asset restructuring and capacity enhancement [1] Group 2 - Shanghai Xitai Investment Management Co., Ltd. is a newly emerging private equity fund manager in the Chinese market, established on July 9, 2014, with a registered capital of CNY 10 million [2] - The company specializes in secondary market stock investment management, providing customized product services for investors with different risk preferences [2] - The research team consists of highly qualified employees, with 80% holding graduate degrees, and core investment personnel have backgrounds in public funds with extensive experience in portfolio management [2] - The team has a proven ability to manage large-scale assets and adapt to various market environments, demonstrating resilience through market cycles [2]