Group 1 - The company Chongqing Wangbian Electric (603191) expects a net profit attributable to shareholders of 46 million to 54 million yuan for the first half of the year, representing a year-on-year increase of 32.21% to 55.20% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 42 million and 50 million yuan, showing a significant year-on-year growth of 153.79% to 202.13% [1] - The overall performance improvement is attributed to the production of an 80,000-ton high-end magnetic new material project, which has positively impacted the gross profit margin of oriented silicon steel [1] Group 2 - Yunnan Transformer Electric Co., a subsidiary of Wangbian Electric, has seen steady revenue growth in its power distribution and control equipment business, contributing to profit increases [1] - In April 2024, Wangbian Electric successfully acquired 79.97% of Yunnan Transformer Electric, enhancing its supply capacity from 110kV to 500kV [1] Group 3 - Yunnan Transformer Electric's newly developed OSFPSZ18-250000/220 autotransformer has received certification from the KEMA laboratory, a significant achievement for entering high-end markets [2] - The KEMA certification is recognized globally and is essential for market entry in Europe and North America, indicating that the product meets international standards [2] Group 4 - The new 220kV three-phase autotransformer features innovative design elements, including a series coil voltage regulation method and a forced oil circulation cooler integrated into the transformer body [3] - The product underwent rigorous testing, including 39 test items, to meet IEC standards, showcasing its advanced technical performance [4] - The successful certification marks Yunnan Transformer Electric's entry into the global high-end power equipment supplier market, with plans for continuous innovation and integration of international standards [4]

Core Viewpoint - Wangbian Electric (603191) expects significant growth in net profit for the first half of 2023, driven by the successful launch of its high-end magnetic materials project and steady revenue growth from its subsidiary Yunbian Electric [1] Financial Performance - The company anticipates a net profit attributable to shareholders of 46 million to 54 million yuan, representing a year-on-year increase of 32.21% to 55.20% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 42 million and 50 million yuan, showing a substantial year-on-year growth of 153.79% to 202.13% [1] Business Development - The successful production of high magnetic induction oriented silicon steel grades has positively impacted the overall gross margin of the oriented silicon steel business [1] - Yunbian Electric's revenue from power distribution and control equipment has steadily increased compared to the same period last year, contributing to profit growth [1] Strategic Initiatives - In 2024, Wangbian Electric acquired equity in Yunbian Electric, strategically entering the high-end power transformer market (220kV and above), enhancing its R&D capabilities, product quality, and market competitiveness in the power distribution equipment sector [1] Product Certification - Yunbian Electric's newly developed product, the OSFPSZ18-250000/220 autotransformer, has received certification from the KEMA laboratory in the Netherlands, marking its entry into the global high-end power equipment supplier market [2] - The product features innovative design elements, including a series of technical advancements that significantly improve its performance and reduce installation complexity [2] Market Positioning - KEMA certification is recognized globally as a critical qualification for entering high-end markets in Europe, North America, and Southeast Asia, ensuring that the product meets stringent international standards [2] - The successful certification indicates that the company's product technology has reached international first-class levels, laying a solid foundation for expansion into high-end markets [2]