Core Viewpoint - The company Huihan Co., Ltd. has successfully launched its digital energy management system, which is now in mass production for battery swapping and ultra-fast charging systems, indicating a strong integration into the supply chain of leading energy enterprises [1] Group 1: Product Development - The digital energy management system has been implemented in battery swapping and ultra-fast charging systems, showcasing the company's technological advancements [1] - The technology is also penetrating various applications including logistics vehicles, construction machinery, energy storage devices, and electric ships [1] Group 2: Market Expansion - The company is deepening its involvement in the supply chain of major energy enterprises, which may enhance its market position and growth potential [1] - The technology developed by the company can be applied to the photovoltaic and wind power sectors, indicating potential for diversification and expansion into renewable energy markets [1]

Financial Data and Key Metrics Changes - The company reported third quarter revenue of $38 million, up 31% year over year, with ARR growing 17% year over year to $60 million [3][18] - Achieved positive adjusted EBITDA for the second consecutive quarter and generated positive operating cash flow [3][13] - GAAP gross margins were 35% and non-GAAP gross margins were 47%, reflecting an increasing mix of higher margin software and services [19] Business Line Data and Key Metrics Changes - PowerTrack software revenue grew 11% year over year, while Edge Hardware revenue increased 18% year over year [18] - Managed services revenue decreased year over year due to one-time overperformance in the previous year [18][12] - Recurring base revenue for managed services grew 14% year over year and 4% sequentially [12] Market Data and Key Metrics Changes - The company launched PowerTrack EMS, which is expected to expand the total addressable market by targeting utility-scale and international hybrid projects [6][8] - Bookings were $30 million, down slightly from the previous quarter, primarily due to timing of bookings from battery hardware resales [22] Company Strategy and Development Direction - The company is focused on driving software and services revenue growth, revamping software development, and reducing cost structure [5][12] - International expansion is a key component of the corporate strategy, with efforts to penetrate European markets and leverage existing teams in Berlin and Japan [16][17] - The strategic transformation has unified the corporate identity under the STEM brand and streamlined the product portfolio [4] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the business and the ability to meet guidance expectations despite macro headwinds [16] - The company is well-positioned to benefit from projected international load growth and is optimistic about the demand for its products [16][17] - Management noted that customer engagement levels remain strong despite industry uncertainties [36] Other Important Information - The company has refined its full-year 2025 guidance, tightening ranges and raising the low end for software, edge hardware, and services revenue [15][23] - Operating cash flow turned positive at $11 million, a $21 million improvement compared to the same quarter last year [21] Q&A Session Summary Question: Guidance update and outlook - Management clarified that they are still tracking towards the midpoint or high end of all ranges, with the main difference being the de-emphasized hardware resale business [28][29] Question: Gross margin expectations - Management indicated that Q4 may see slight compression in gross margins due to a mix shift with higher sales of battery hardware, but expects to continue improving margins in the long term [30][31] Question: Demand for PowerTrack EMS - Management expressed enthusiasm about PowerTrack EMS and its potential to open new markets, particularly in small utility-scale sites [32] Question: Customer demand and industry outlook - Management reported maintaining momentum in customer engagement and noted that conversations with customers remain unchanged despite industry challenges [36] Question: Path to profitability - Management acknowledged the importance of demonstrating a path to operating income and net income positivity, with more guidance expected in future calls [38][40] Question: Opportunities in hyperscaler data centers - Management is monitoring the data center market for potential shifts towards renewable energy solutions and is open to exploring opportunities in that space [48] Question: Operating expenses outlook - Management indicated that the current cash operating expense trend is a good indication of future performance, with ongoing efforts to manage costs effectively [49][50]

Group 1: Debt Management and Project Impact - The debt management efforts by the Guangxi government have positively influenced the recovery of accounts receivable, with no direct impact on new project implementations [2] - The design and payment cycles for new projects have significantly shortened compared to before the debt management initiatives [2] Group 2: Traditional Business Advantages - Key traditional business advantages include industrial parks, urban renewal projects, and comprehensive land remediation, which are expected to thrive in the next 2-3 years [3] - Specific projects mentioned include the Pinglu Canal project and the development of artificial intelligence-related industries in Guangxi [3] Group 3: New Business Developments - In the first half of 2025, the company completed all investments in distributed photovoltaic projects, signing new EPC contracts worth CNY 15.854 million [3] - The company has established a nationwide business layout, with energy management contracts totaling approximately CNY 20.7 million by mid-2025 [3] Group 4: Financial Health and Future Plans - As of June 30, 2025, the company reported good cash flow, although the total accounts receivable remained unchanged [3] - The company plans to pursue mergers and acquisitions in alignment with its strategic goals, with disclosures to be made as per regulations if applicable [3] Group 5: Investor Relations Activity - The investor relations activity on October 22, 2025, involved thorough communication with investors, adhering to disclosure regulations without discussing any undisclosed significant information [2]

Core Viewpoint - The establishment of Xiangxi Garage Energy Management Co., Ltd. indicates a growing focus on energy management and related services in the region, with a diverse range of business activities planned [1] Company Overview - Xiangxi Garage Energy Management Co., Ltd. has been registered with a capital of 1 million RMB [1] - The legal representative of the company is Huang Jian [1] Business Scope - The company is authorized to engage in hazardous road cargo transportation, subject to relevant approvals [1] - General business activities include: - Contract energy management - Sales of coatings (excluding hazardous chemicals) - Urban greening management - Urban and rural appearance management - Sales of specialized chemical products (excluding hazardous chemicals) - Sales of environmental protection equipment - Sales of ecological materials - Sales of painting equipment - Sales of sealing materials - Spraying processing - Non-metallic minerals and products sales - Ore dressing and mineral washing processing - Research and development of new materials technology - Packaging services - Sales of new catalytic materials and additives - Solid waste management - Energy-saving management services - Research and development of emerging energy technologies - IoT application services, technology research and development, and equipment sales - Sales and manufacturing of lighting fixtures and electrical equipment - Municipal facility management - Repair of electrical equipment - Manufacturing and sales of mechanical and electrical equipment - Research and development of electronic materials - Leasing of mechanical equipment - Internet sales (excluding licensed goods) - Solar power technology services - Research and development of efficient energy-saving technologies in the power industry - Sales of new energy prime mover equipment [1]

Group 1 - The core point of the article is the establishment of Jiangsu Telai Electric Aggregated Energy Management Co., Ltd. with a registered capital of 20 million yuan [1] - The company's business scope includes internet data services, data processing and storage support services, IoT application services, and IoT device sales [1] - The company is wholly owned by Telai Electric New Energy Co., Ltd., which is a subsidiary of Teruid (300001) [1]

Core Viewpoint - China Environmental Technology (00646.HK) reported a slight decrease in revenue and a significant increase in loss attributable to shareholders for the six months ending June 30, 2025, indicating financial challenges faced by the company [1]. Financial Performance - The company recorded revenue of approximately HKD 18,984,000, representing a year-on-year decrease of 0.6% [1]. - Loss attributable to shareholders increased to approximately HKD 27,457,000, compared to HKD 6,470,000 for the same period ending June 30, 2024 [1]. Contributing Factors - The increase in loss is primarily attributed to: 1. Exchange losses due to the appreciation of the Renminbi against the Hong Kong dollar, affecting Renminbi-denominated payables and debts [1]. 2. Decrease in gross profit from the wastewater treatment segment [1]. 3. Increased management expenses resulting from the establishment of a new energy management segment [1]. Upcoming Events - The company plans to hold a board meeting on August 29 to approve the interim results [1].

Core Viewpoint - China Environmental Technology (00646) reported a decrease in revenue and an increase in losses for the six months ending June 30, 2025, indicating financial challenges faced by the company [1] Financial Performance - The company achieved revenue of HKD 18.984 million, a year-on-year decrease of 0.6% [1] - Loss attributable to shareholders amounted to HKD 25.909 million, representing a year-on-year increase of 300.45% [1] - The loss per share was HKD 0.0756 [1] Contributing Factors - The increase in losses was primarily due to the appreciation of the Renminbi against the Hong Kong dollar, leading to increased exchange losses on Renminbi-denominated payables and debts [1] - The gross profit from the wastewater treatment segment declined [1] - The establishment of a new energy management segment resulted in increased management expenses [1]

本公告乃由知行集團控股國際有限公司根據上市規則第13.09條及證券及期貨條例 （香港法例第571章）第XIVA部下的內幕消息條文（定義見上市規則）而作出。 本公司欣然宣佈，本集團已完成氣候顧問對（其中包括）EMC業務的審核，知行綠建 隨後成功獲得PIN編號。待項目審查完成獲Verra信納後，本集團全球範圍內依據批 准協議開展的EMC業務所產生的碳信用將獲得認證並歸屬本集團。 1 本集團客戶每通過採用EMC業務實現一噸經核證的潛在二氧化碳減排量，知行綠建 即獲得1個單位碳信用。碳信用可在認可的交易平台進行交易以換取現金。 根據多個司法權區的法定要求，企業須購買碳信用以抵銷其二氧化碳或其他溫室氣 體排放。若未履行該義務，則須依據適用法律法規繳納相應款項（通常稱為「碳稅」）。 根據本集團獲得的可用資料（尚待進一步研究），新加坡政府將於二零二六年起按每 噸45新元徵收碳稅，而目前每單位碳信用在歐洲的交易價格約為73歐元。因此，本集 團將獲得的碳信用屬於EMC業務產生的附加資產，且無需承擔任何額外生產成本。 本集團目前預計自相關EMC業務部署之日起的初始十年期間可獲得EMC業務產生 的相關碳信用，期滿後可再續期十年。根 ...

Core Viewpoint - The company is actively engaged in energy management projects, with specific contracts in various cities, indicating a strategic focus on expanding its energy management business in the transportation sector [1] Group 1: Current Projects - The company has implemented energy transformation projects, including the "Guangzhou Line 3 and 5 Environmental Control System Pilot Application Contract Energy Management Project" and the "Shenzhen Line 4 Phase 1 Station Air Conditioning System Energy Management Project," with varying revenue scales [1] - The company is pursuing contract energy management projects in cities such as Ningbo, Wuxi, Nanchang, and Suzhou, showcasing its expansion efforts in the energy management sector [1] Group 2: Future Plans - In 2025, the company plans to establish a joint venture, Fujian Kehui Energy Co., Ltd., with Fuzhou Rail Transit Design Institute Co., Ltd., to focus on contract energy management business in Fujian and surrounding areas [1]

Group 1 - China Nuclear Industry Zhongyuan Construction Co., Ltd. and Beijing Jianglai Energy Management Co., Ltd. signed a strategic cooperation agreement focusing on comprehensive energy projects in the Beijing-Tianjin-Hebei and Northwest regions, aiming for regional green transformation and low-carbon development [1][3] - China Nuclear Industry Zhongyuan Construction is recognized for its strong technical capabilities and management skills in nuclear power and large-scale projects, actively expanding its presence in the renewable energy sector [3] - Jianglai Energy specializes in load-side energy aggregation management, providing comprehensive energy solutions throughout the entire lifecycle, emphasizing technological innovation to support energy transition and reduce costs for enterprises [4] Group 2 - The collaboration aims to leverage both companies' strengths in engineering construction and digital energy management technology to develop green factories, supply chains, and zero-carbon demonstration projects [3] - By the end of 2025, the partners plan to complete feasibility studies and project preparations for their first large-scale independent energy storage project, laying a solid foundation for future large-scale development [3] - Jianglai Energy has established partnerships with several leading enterprises to promote technological and model innovation, contributing to China's green low-carbon transition and modern energy system [4]