Core Viewpoint - The article highlights Jiangsu Shennma Electric Power Co., Ltd.'s innovative approach to addressing critical pain points in the power insulation industry, emphasizing the importance of new materials and technologies in reducing operational costs and enhancing safety in power grids [5][6][7]. Group 1: Industry Pain Points - The power grid is a crucial infrastructure that faces significant challenges due to environmental factors and mechanical stress, with traditional insulation products accounting for only 2% to 3% of initial construction costs but consuming 60% to 70% of annual maintenance costs [5][6]. - Global losses due to traditional insulation issues exceed 100 billion yuan annually, indicating a substantial market opportunity for innovative solutions [5]. Group 2: Company Innovations - Shennma Electric Power has developed nine categories of innovative products, including rubber sealing components and composite insulation products, which have filled domestic and international technological gaps [5][7]. - The company has achieved a 70% market share in domestic sealing components and has become a key player in setting industry standards [7]. Group 3: Business Performance - In 2024, Shennma Electric Power reported a revenue of 1.345 billion yuan, a year-on-year increase of 40.22%, with net profit reaching 311 million yuan, up 96.17% [12]. - The company anticipates a compound annual growth rate of 30% over the next decade, driven by increasing demand for high-reliability and high-performance electrical products [13]. Group 4: Talent and R&D Investment - The company employs over 2,000 staff, with more than 20% holding bachelor's degrees or higher, and commits at least 4% of its revenue to R&D annually [14]. - Shennma Electric Power emphasizes talent acquisition and retention, implementing incentive mechanisms linked to performance to align employee goals with company objectives [14].