Group 1: Business Performance - In 2024, the company achieved a revenue of 259,801.49 million yuan, representing a year-on-year growth of 8.86% [2] - The net profit attributable to shareholders was 3,160.12 million yuan, with a year-on-year increase of 2.13%, marking two consecutive years of profit growth after returning to profitability in 2023 [2][3] Group 2: Core Competitiveness - The company focuses on enhancing core competitiveness through customer-centric marketing, strengthening the marketing team, and expanding market reach [1] - R&D management has been improved by establishing a product competitiveness center to concentrate resources on core business areas [1][2] Group 3: Cost Control and Efficiency - The company aims to implement a comprehensive cost control system to achieve cost reduction and efficiency improvement [2] - Management transformation and operational refinement are ongoing to enhance profitability [3][4] Group 4: Market Expansion and Strategy - The company plans to strengthen its presence in the southern power grid market and enhance product offerings to meet market demands [6] - Efforts are being made to diversify into non-grid sectors such as renewable energy, oil and gas, and rail transportation [7][8] Group 5: Financial Management and Shareholder Value - The company emphasizes value management and shareholder returns through improved governance and investor relations [10] - As of March 31, 2025, the number of shareholders was 54,084 [8]

Core Viewpoint - The company achieved significant growth in its energy and power digitalization business, with record contract amounts and sales revenue in 2023, reflecting a strong market position and ongoing innovation efforts [1][2]. Financial Performance - The company reported a total revenue of 2.598 billion yuan in 2023, representing an 8.86% year-on-year increase [1]. - The net profit attributable to shareholders was 31.6012 million yuan, up 2.13% from the previous year [1]. - The company plans to distribute a cash dividend of 0.2 yuan per 10 shares to all shareholders [1]. Business Segments - The energy and power digitalization business generated 1.823 billion yuan in revenue, a 16.12% increase compared to the previous year [1]. - Revenue from substation automation products was 485 million yuan, up 13.22% [1]. - Revenue from power grid dispatch automation products reached 362 million yuan, a 4.65% increase [1]. - Revenue from distribution and utilization automation products was 976 million yuan, reflecting a 22.66% growth [1]. Market Expansion - The company secured a total of 617 million yuan in contracts from the State Grid's centralized procurement, marking a 19.35% increase [2]. - Successful bids included multiple projects in various provinces and significant contracts in the renewable energy sector [2]. - The company also made strides in international markets, winning a distribution network terminal project in Malaysia [2]. Innovation and R&D - The company focused on innovation-driven growth, achieving significant advancements in new technology and product development [3]. - Key developments included a new generation regional dispatch support system and advancements in electromagnetic transient simulation technology [3]. - The company’s subsidiaries also reported steady business growth, with notable revenue and profit contributions [3]. Strategic Outlook - The company aims to leverage new domestic and international opportunities, focusing on expanding its business in renewable energy, storage, and public utilities [4]. - Plans include enhancing capabilities in network security and diversifying business models to drive valuable growth across all three major segments [4].