Group 1 - Zhuhai Gree Titanium Electric Co., Ltd. and Gree Titanium New Energy Co., Ltd. have applied for a patent titled "Battery Management System, Control Method and Vehicle with It," published under CN120396773A, with an application date of June 2025 [1] - The patent describes a battery management system that includes a battery pack, a subordinate control module for periodically obtaining multiple cell status parameters, a display module for showing the battery pack's charge state, and a main control module that connects to both the subordinate control and display modules to control the display based on cell status parameters [1] - Zhuhai Gree Titanium Electric Co., Ltd. was established in 2010, has a registered capital of 100 million RMB, and has participated in 8 bidding projects with 491 patent records and 19 administrative licenses [1] Group 2 - Gree Titanium New Energy Co., Ltd. was founded in 2009, has a registered capital of approximately 1.103 billion RMB, and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The company has made investments in 22 enterprises, participated in 53 bidding projects, and holds 72 trademark records along with 3,895 patent records and 36 administrative licenses [2]

Core Viewpoint - The article highlights the recent patent acquisition by multiple subsidiaries of Zhonghai Nest in the field of battery management technology, indicating a strategic move towards innovation in the renewable energy sector [1][2]. Company Summaries - Zhonghai Nest (Hebei) New Energy Technology Co., Ltd. was established in 2022 in Shijiazhuang, focusing on technology promotion and application services, with a registered capital of 50 million RMB. The company has invested in 5 enterprises and holds 35 patents [1]. - Zhonghai Nest (Zhuhai) Energy Storage Technology Co., Ltd. was founded in 2024 in Zhuhai, primarily engaged in research and experimental development, with a registered capital of 10 million RMB. The company has invested in 1 enterprise and holds 3 patents, along with 5 administrative licenses [2]. - Zhonghai Nest (Yangyuan County) New Energy Technology Co., Ltd. was established in 2023 in Zhangjiakou, focusing on the manufacturing of electrical machinery and equipment, with a registered capital of 20 million RMB. The company has participated in 4 bidding projects and holds 2 patents, along with 11 administrative licenses [2]. - Zhonghai Nest (Juli County) New Energy Technology Co., Ltd. was founded in 2023 in Xingtai, primarily engaged in technology promotion and application services, with a registered capital of 20 million RMB. The company has invested in 1 enterprise, participated in 2 bidding projects, and holds 2 patents, along with 2 administrative licenses [2].

Core Viewpoint - The company has achieved significant growth in revenue and net profit during the reporting period, driven by the recovery in downstream industries and continuous innovation in product development and manufacturing capabilities [11][12][13]. Company Overview - The company operates in three main business segments: smart controllers, new energy, and smart terminal products, focusing on chip applications and smart control technology [4][5]. - The smart controller segment includes products for electric tools, home appliances, automotive electronics, and robotics, while the new energy segment covers lithium battery packs and energy storage inverters [4][5]. Financial Performance - In 2024, the company reported a revenue of 1,622,839,167.08 yuan, representing a year-on-year increase of 21.67% [11]. - The net profit attributable to shareholders was 51,706,423.16 yuan, up 29.20% from the previous year, with a non-recurring net profit of 45,756,022.60 yuan, an increase of 28.47% [11]. Business Drivers - The growth in revenue is attributed to the recovery of the downstream consumer market, particularly in the electric tools and home appliance sectors [11][12]. - The company has increased its R&D investment, with R&D expenses totaling 92.21 million yuan, accounting for 5.68% of revenue, leading to a 11.92% increase in patent numbers [12]. - Manufacturing capabilities have improved significantly, with the establishment of a new industrial park in Vietnam, enhancing production capacity for Southeast Asian markets [12]. Operational Model - The company follows a flexible production model based on customer demand, ensuring efficient and customized production processes [8]. - Sales are conducted through direct sales channels, with a focus on both domestic and international markets [9]. Future Outlook - The company aims to continue expanding into new business areas while consolidating its traditional business advantages, setting a solid foundation for sustainable growth [13].