西子清洁能源装备制造股份有限公司投资者关系活 动记录表 （2026-02-26） 证券代码： 002534 证券简称：西子洁能 编号：2026-005 | 投资者关系活 | ☑特定对象调研 □ | 分析师会议 | | --- | --- | --- | | 动类别 | □媒体采访 □ | 业绩说明会 | | | □新闻发布会 □ | 路演活动 | | | ☑现场参观 | | | | □其他 | | | 参与单位名称 | 浙商证券：李思扬、李晗玥； | | | 及人员姓名 | 鑫元基金：汪壑； | | | | 准锦投资：戴德舜； | | | | 浙商资管：周文超； | | | | 兆顺基金：钱之皓； | | | | 金恩投资：林仁兴； | | | | 壁虎投资：张小东； | | | 时间 | 年 月 日 2026 02 26 | | | 地点 | 公司会议室 | | | 上市公司接待 | 董事长助理：毛一恺； | | | 人员姓名 | 董事会秘书：鲍瑾； | | | | 投资者关系管理专员：马颖妮； | | 1 | | 1、 公司基本情况及主要业务介绍？ | | --- | --- | | | 公司于 年建厂， ...

Core Insights - The conference focused on the integration of AI and the energy sector, emphasizing the mutual empowerment between energy storage and AI technologies [1][4] - Xu Xiaozhuo highlighted the critical challenges faced by Artificial Intelligence Data Centers (AIDC) regarding energy supply and demand mismatches [4][5] Energy Storage and AI Integration - The concept of "dual empowerment" was introduced, where quality energy storage solutions enhance AI development, while AI technologies improve energy storage efficiency [4][6] - AIDC faces five major electricity pain points: significant load fluctuations, high reliability requirements, exorbitant electricity costs, massive energy consumption, and pressure for carbon reduction [4][5] Long-duration Energy Storage Solutions - Long-duration energy storage (8 hours or more) is identified as a key strategy for AIDC's green transition, enabling 24/7 green electricity supply and cost reduction [5][6] - The combination of green energy sources like solar power with long-duration energy storage can effectively address the energy supply challenges faced by AIDC [5][6] Technological Advancements in Energy Storage - The company has made significant advancements in long-duration energy storage technology, including the launch of the world's first 1000Ah lithium iron phosphate battery and an 8-hour energy storage system [5][6] - The deployment of these systems has been recognized globally, with the first batch set to be exported to Europe by October 2025 [5][6] AI Applications in Energy Storage - The company has implemented AI across four key areas: manufacturing, assistance, science, and service, enhancing operational efficiency and product quality [6][7] - In manufacturing, AI technologies have been integrated into over 40 digital solutions, improving production processes and quality control [7][8] Conclusion on AI and Energy Synergy - The synergy between energy storage and AI is seen as a pathway to high-quality development in both sectors, with energy storage providing stable, green, and low-cost energy for AI, while AI drives innovation and efficiency in energy storage [8]

Group 1 - The "AI + Energy Development Conference" was successfully held in Beijing on January 30-31, marking a significant event in the integration of AI and energy sectors [26] - One of the key outcomes of the conference was the launch of the "AI + Green Energy Industry Ten Thousand Miles Activity," which aims to promote the deep integration of AI with the energy industry [26] - The first stop of this initiative is set in the Zhongguancun (Haidian) AI Digital Energy Industrial Park, indicating a critical step in practical applications of AI in energy [26]

Core Insights - The AI + Energy Development Conference held in Beijing focused on the integration of artificial intelligence with the energy sector, emphasizing the importance of this fusion for achieving high-quality development in the energy industry and supporting the construction of a strong energy nation [1][4][20] Group 1: Conference Overview - The conference gathered over 300 representatives from government, energy companies, and industry experts to discuss the deep integration of AI and the energy sector [1][3] - Various organizations co-hosted the event, including the China Energy News and the China Energy Conservation Association, highlighting a collaborative effort towards achieving carbon neutrality and energy transformation [3][4] Group 2: Strategic Importance of AI in Energy - Leaders emphasized that AI's integration into the energy sector is crucial for transitioning to a smart, green, and low-carbon energy system, which is essential for building a new energy framework [4][5] - The conference aimed to serve as a platform for innovative ideas, cross-industry collaboration, and to provide insights for policymakers and industry practitioners [4][6] Group 3: AI Market Potential - The Haidian District, as a core area for international technological innovation in Beijing, is projected to have an AI market size of 360 billion by 2025, with 1,900 AI core enterprises [5] - The district plans to focus on three main areas to promote AI + Energy development: creating AI energy clusters, accelerating AI applications in energy scenarios, and building an innovation ecosystem [5] Group 4: Expert Insights - Experts highlighted that AI is not merely a technological addition but a transformative force that can reshape the global competitive landscape in the energy sector [6][8] - The integration of AI and green energy is seen as a significant driver for economic development, with applications in smart grids, energy management, and storage optimization [6][9] Group 5: Practical Applications and Challenges - Companies like State Power Investment Corporation and HaiCheng Storage shared their experiences in applying AI to enhance production efficiency and operational safety in energy storage [13] - Challenges such as data quality, standardization, and the need for skilled personnel in AI and energy sectors were identified as critical issues that need addressing for successful integration [16][19] Group 6: Future Directions - The conference concluded with actionable initiatives, including the launch of the AI + Energy Green Industry Tour and the establishment of the AI Digital Energy Industrial Park [18][20] - The ongoing collaboration between industry, academia, and government is expected to facilitate the practical application of AI in the energy sector, contributing to China's energy goals and global green transformation [20]

Core Viewpoint - Xizi Clean Energy (002534.SZ) has signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology Co., Ltd. to advance the development of Artificial Intelligence Data Centers (AIDC) through collaboration in computing power and energy construction, marking a new era of "Energy + Computing Power" [1][2] Group 1: Strategic Cooperation - The cooperation focuses on achieving synergistic innovation between "Energy + Computing Power" to enhance industrial competitiveness [1] - Both companies will leverage their strengths to promote the integrated construction of green intelligent computing centers and energy storage facilities [1] - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1] Group 2: Green Computing Power Center Services - The partnership will also develop green computing power center services aimed at cloud service providers, with Qingwei Intelligent providing the computing foundation and Xizi Clean Energy contributing advanced energy storage technology [2] - This collaboration aims to help cloud providers optimize Power Usage Effectiveness (PUE) metrics and achieve sustainability goals, tapping into high-growth markets [2] - Xizi Clean Energy's molten salt energy storage technology is particularly suitable for AIDC scenarios, enabling peak shaving and valley filling of electricity, stabilizing power supply for computing centers [2] Group 3: Future Outlook - The strategic partnership is a significant step for the company in the "AI + Energy" intersection, with plans to establish a special task force and regular communication mechanisms to translate the agreement into concrete projects [2] - The collaboration aims to explore innovative models for energy storage in computing centers, contributing to the green and sustainable development of China's artificial intelligence industry [2]

Core Viewpoint - Xizi Clean Energy (002534.SZ) has signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology Co., focusing on the construction of Artificial Intelligence Data Centers (AIDC) and promoting comprehensive collaboration in computing power and energy [1][2]. Group 1: Strategic Cooperation - The cooperation aims to achieve synergistic innovation between "energy and computing power," transforming technological complementarity into tangible industrial competitiveness [1]. - Both companies will leverage their strengths to collaboratively advance projects, including the integrated construction of green intelligent computing centers and energy storage facilities [1]. Group 2: Technological Contributions - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1][2]. - The molten salt energy storage technology demonstrates unique adaptability in AIDC scenarios, enabling peak shaving and valley filling of electricity, stabilizing power supply for computing centers [2]. Group 3: Future Outlook - The strategic partnership marks a significant step for the company in the "AI + Energy" intersection, with plans to establish a special task force and regular communication mechanisms to translate the agreement into concrete projects [2]. - The collaboration aims to explore innovative models for energy storage in computing centers, contributing to the green and sustainable development of China's artificial intelligence industry [2].

Core Viewpoint - The strategic partnership between Xizi Clean Energy and Beijing Qingwei Intelligent Technology aims to innovate in the "energy + computing power" sector, focusing on the construction of Artificial Intelligence Data Centers (AIDC) and enhancing industry competitiveness through technological synergies [1] Group 1: Strategic Cooperation - On January 16, the company signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology [1] - The collaboration will focus on the integrated construction of green intelligent computing centers and energy storage facilities [1] - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1] Group 2: Market Opportunities - The partnership aims to offer green computing center services to cloud vendors, optimizing Power Usage Effectiveness (PUE) and sustainability goals [1] - The molten salt energy storage technology demonstrates unique adaptability in AIDC scenarios, stabilizing power supply and reducing costs [1] - The collaboration is a significant step for the company in the "AI + energy" intersection, exploring innovative models for energy storage in computing centers [1] Group 3: Future Outlook - Both companies will establish a special task force and a regular communication mechanism to translate the agreement into concrete projects [1] - The partnership is expected to inject strong and intelligent "zero-carbon" momentum into the sustainable development of China's artificial intelligence industry [1]

Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, and listed on the Shenzhen Stock Exchange in 2011 [4] - Main business includes waste heat boilers, clean energy equipment, solutions, and spare parts/services [4] - Key clients are from high energy-consuming industries such as power, steel, and cement [4] Order and Financial Performance - In 2025, the company achieved new orders totaling CNY 5.998 billion, with breakdowns as follows: - Waste heat boilers: CNY 1.967 billion - Clean energy equipment: CNY 0.632 billion - Solutions: CNY 2.688 billion - Spare parts and services: CNY 0.711 billion [5] - As of December 31, 2025, the company had an order backlog of CNY 5.916 billion [5] - The gross margin for waste heat boilers was 29.68% as of mid-2025 [7] - The company reported a net profit of CNY 220 million to CNY 280 million for 2025, a significant increase of 53.3% to 95.11% year-on-year [9] Market Position and Competitive Advantages - Holds over 50% market share in the domestic waste heat boiler sector, recognized as a leader [6] - Key projects include those for the Beijing Olympics and major energy stations [6] - Established a strong presence in international markets, particularly in Southeast Asia and South America, with significant projects in Pakistan and Nigeria [6][10] Nuclear Power Sector - Over 20 years of experience in the nuclear power sector, with licenses for civil nuclear manufacturing [8] - Focus on key equipment for nuclear islands and partnerships with major players like China General Nuclear Power Group [8] - Aims to expand into third and fourth generation nuclear power projects [8] Strategic Collaborations - Signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology Co., Ltd. to develop AI data centers and energy solutions [10][11] - The collaboration aims to integrate energy and computing capabilities, enhancing sustainability and efficiency [11] Future Outlook - Plans to enhance order quality and optimize order structure to drive high-quality business growth [5] - Focus on expanding global market presence and increasing competitiveness of "Xizi Manufacturing" in international markets [6]

Core Viewpoint - The integration of energy transition and digital intelligence is crucial for building a strong energy nation and promoting high-quality development in the energy industry, especially in the context of the "14th Five-Year Plan" [1] Group 1: Event Overview - The AI + Energy Development Conference was held in Beijing on January 30-31, focusing on the deep integration of AI and the energy industry [1] - The conference gathered over 300 representatives from government departments, energy companies, innovative enterprises in the industry chain, and academic experts to discuss development consensus and practical paths [1] Group 2: Organizers and Collaborators - The event was co-hosted by several organizations, including China Energy News, China Energy Conservation Association, and others, highlighting a collaborative effort in the energy sector [1] - Various supporting organizations participated, such as the China Energy Conservation Association's Energy Saving and Carbon Reduction Technology Promotion Committee and others, indicating a broad coalition for energy transformation [1] Group 3: Initiatives Launched - The conference initiated several activities, including the AI + Energy Green Industry Tour and the unveiling of the Zhongguancun (Haidian) AI Digital Energy Industrial Park [1] - The establishment of the National Zero Carbon Park Creation Expert Guidance Committee by the Zhongguancun Guolian Green Industry Service Innovation Alliance was also announced, aiming to gather collective efforts for achieving carbon neutrality [1]

Core Insights - The AI + Energy Development Conference was successfully held in Beijing, marking the launch of the Zhongguancun (Haidian) AI Digital Energy Industrial Park, which aims to drive regional industrial upgrades and energy transition towards carbon neutrality [1][2] Group 1: Event Overview - The conference gathered over 300 participants, including government leaders, academicians, and representatives from leading energy companies, focusing on collaborative platforms for global intelligence and practical cooperation [1] - Key discussions revolved around technologies such as efficient computing power and clean electricity synergy, as well as intelligent control of complex energy systems [1] Group 2: Industrial Park Details - The Zhongguancun (Haidian) AI Digital Energy Industrial Park covers approximately 45,000 square meters with a total construction area of about 240,000 square meters, featuring six research office buildings and one supporting building [2] - The project began construction in August 2022 and is expected to complete its construction by January 2025, with trial operations starting in May 2025 [2] Group 3: Strategic Importance - Haidian District is positioned as a core area for Beijing's international technology innovation center, leveraging its dense AI innovation resources and strong energy industry foundation [3] - The park aims to integrate AI and digital energy, utilizing cutting-edge technologies like AI, big data, and IoT to create a modern industrial ecosystem [3] Group 4: Future Plans and Goals - The park has already attracted nearly 30 AI and digital energy technology companies within eight months, with over 50% being specialized and high-tech enterprises [4] - Future plans include establishing public technology platforms for AI chip testing and algorithm development, supporting technological innovation and development for resident companies [4] - The park aims to become a hub for innovation, industry aggregation, and result transformation in the AI and energy sectors, contributing to Beijing's goal of becoming an international technology innovation center and achieving national energy strength and carbon neutrality [4]