广州智光电气股份有限公司投资者关系活动记录表 投资者关系活动 类别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 一、1 月 7 日 第一场 实地调研 华创证券、中信保诚共 2 人 第二场 实地调研 天风证券、华能贵诚信托、金丰创晟共 4 人 二、1 月 8 日 第一场 电话会议 华西基金共 3 人 时间 2026 年 1 月 7 日-10 日 地点 广州市黄埔区瑞和路（电话会议交流、现场调研） 上市公司接待人 员姓名 公司董事会秘书熊坦、证券事务代表邱保华 | | 国家发改委和国家能源局联合发布的《关于做好2026年电力中长期合 1. | | --- | --- | | | 同签约履约工作的通知》（简称"1502号文"），是否会影响公司独立储 | | | 能电站业务？ | | | 答：公司已经投运的清远一期以及后续将投运的清远二三期、梅州平远一 | | | 二期等电站，主要收入来源都是以调频服务为主，该文件的发布对公司独 | | | 立储能电站业务正常开展没有影响。 | | | 高压级联在效率、安全、构网能力等都具 ...

Group 1: Investor Relations Activities - The company conducted multiple investor relations activities, including site visits and conference calls, with participation from various financial institutions and analysts [1] - Notable events included a site visit on December 16 with Guangzhou Haotou Private Fund and a conference call on December 29 with Great Wall Securities [1] Group 2: Energy Storage Projects - The company is progressing with its independent energy storage projects, aiming for the following operational timelines: - Qingyuan Phase II (100MW-200MWh) and Phase III (200MW-400MWh) targeted for Q1 2026 - Meizhou Pingyuan Phase I (100MW-200MWh) expected to be operational in a specified month of 2026 [2] - The company has a robust order situation in its energy storage business, ensuring timely and quality delivery of orders [2] Group 3: Technology and Product Development - The company emphasizes its expertise in high-power power electronics technology, producing most systems in-house, including PCS, EMS, BMS, and DMS [2] - High-voltage cascade energy storage systems offer significant advantages over low-voltage systems, including: - Higher power capacity, typically over ten times that of low-voltage systems - Simplified coordination and control due to fewer parallel units in large systems - Enhanced grid support capabilities and superior response characteristics [2] - The high-voltage cascade technology allows for effective reactive power compensation, crucial for voltage stability in the grid [2] Group 4: Market and Investment Insights - The company is monitoring policies in other provinces and abroad for potential investments in independent energy storage stations, focusing on economic viability and feasibility [3] - Updates on the IPO progress of the invested Yuxin Semiconductor should be referenced from official communications from Yuxin Semiconductor and relevant regulatory bodies [3]

Core Viewpoint - The announcement from Zhiguang Electric (002169) indicates that the issuance of Document No. 136 has removed the mandatory storage requirements, leading market customers to focus more on system performance and economic indicators [1] Group 1 - Zhiguang Electric emphasizes its high-voltage cascade technology route, which offers advantages in efficiency, economic viability, safety, and network performance [1]

Core Viewpoint - The company aims to reduce losses and achieve a turning point in performance, with positive results observed in the first half of the year [2] Group 1: Company Performance and Goals - The company has set a key goal of reducing losses and turning around its performance, with some success noted in the first half of the year [2] - The company reported a main revenue of 657 million yuan, a year-on-year increase of 24.76%, and a net profit attributable to shareholders of -37.04 million yuan, a year-on-year increase of 39.81% [8] Group 2: Independent Energy Storage Projects - The first phase of the Qingyuan independent energy storage station is operational, with the second and third phases expected to be commissioned within the year [3] - The company has invested in multiple independent energy storage stations and holds a significant regional scale advantage, being the largest in the province [4] Group 3: Product Development and Production - The company produces energy storage system products, with core components like PCS, BMS, EMS, and battery packs developed in-house, while some components like cells and containers are sourced externally [5] Group 4: Revenue Sources and Market Strategy - The main revenue from the Qingyuan independent energy storage station comes from frequency regulation services, with potential plans to explore additional revenue sources in the future [6] - Following the issuance of Document No. 136, the market policies are favorable for the company, allowing for a focus on system performance and economic indicators [7] Group 5: International Expansion - The company established an international division in 2023, focusing on markets in Europe and Africa, with a representative office set up in Italy and products certified to European standards [8]

Group 1: Financial Performance - The company aims to reduce losses and achieve profitability, with initial results showing progress in the first half of the year [1] - The company’s performance will ultimately be validated by the auditor's results [1] Group 2: Project Updates - The first phase of the Qingyuan independent energy storage station is operational, with the second and third phases expected to be commissioned within the year [1] - The company has invested in multiple independent energy storage stations, making it the largest in the province by installed capacity [1] Group 3: Investment Strategy - The company will cautiously consider new investments in large independent energy storage stations due to new provincial policies limiting the number of such projects in a 220kV supply area [2] - There are no plans for additional fixed asset investments in the short term as current production capacity meets future development needs [2] Group 4: Product Development - The company produces energy storage systems, with core components like PCS, BMS, EMS, and battery packs developed in-house, while cells and containers are sourced externally [2] Group 5: Revenue Sources - The primary revenue for the Qingyuan independent energy storage station comes from frequency regulation services, with potential for exploring additional income sources in the future [2] Group 6: Market Position - The issuance of Document No. 136 has removed mandatory storage requirements, allowing the company to focus on system performance and economic indicators, enhancing its competitive edge [2] - The company has established an international division in 2023, targeting markets in Europe and Africa, with products already certified to European standards [2]