Group 1: Market Outlook and Growth - The company anticipates a robust market for centralized power forecasting, with a projected addition of approximately 200 GW of new wind and solar installations in 2025, maintaining a favorable operational environment for the industry [2][8] - In the first four months of 2025, solar power installations reached 104.93 GW, a year-on-year increase of 74.6%, while April alone saw a record addition of 45.22 GW, up 214.7% from the previous year [2][8] - Wind power installations totaled 19.96 GW in the same period, reflecting an 18.53% year-on-year growth [2] Group 2: Distributed Power Forecasting Policies and Market Demand - The growth of distributed solar power has significantly impacted grid dynamics, leading to the implementation of the "Four Available" management requirements by the National Energy Administration [4] - Since January 2025, the company has seen a rapid increase in clients for its power forecasting services in the distributed solar sector, driven by new regulatory requirements [4] Group 3: Competitive Landscape in Distributed Power Forecasting - The distributed power forecasting market is characterized by a large number of small-scale projects with lower unit prices, contrasting with the centralized market [5] - Major comprehensive group companies show limited interest in the distributed power forecasting market, leaving opportunities for smaller firms to expand their market share [5] Group 4: Integration of AI Technology in Power Trading - The company integrates AI technology into energy management, utilizing its proprietary "Kongming" AI meteorological forecasting model for precise predictions [6][7] - The AI-driven power trading decision support platform enhances trading strategies by analyzing power forecasts, market prices, and user preferences, facilitating a shift from broad management to refined operations [6][7] Group 5: Business Progress in 2025 - The company reports that its business developments in the first half of 2025 align with operational expectations, supported by a favorable market environment for the renewable energy sector [8] - Financial data will be disclosed in subsequent reports as per regulatory requirements [8] Group 6: A-Share Issuance Progress - The company has received approval from the China Securities Regulatory Commission for its A-share issuance to specific investors, and is actively advancing this process [9]

Group 1: Company Performance and Growth - As of the end of 2024, the company serves 4,345 renewable energy stations, a net increase of 755 stations compared to the same period in 2023, indicating a growth trend in service scale [2] - The renewal rate for existing customers in the power forecasting business remains above 95% as of the end of 2024, reflecting strong customer retention [2] - The company's sales expenses increased by approximately 23% year-on-year in 2024, driven by market expansion strategies and increased operational workload [7] Group 2: Market Trends and Policy Impact - The distributed photovoltaic market is experiencing rapid growth due to new policies, with the National Energy Administration's recent guidelines emphasizing the need for power forecasting capabilities in new distributed energy stations [3] - The company anticipates a significant increase in the number of distributed photovoltaic clients starting in 2025, driven by the implementation of the "Four Available" management requirements [3] - Regulatory changes in provinces like East China, Shanxi, and Jiangsu are pushing for upgrades in existing distributed energy stations to meet new power forecasting and grid control standards [4] Group 3: Competitive Landscape - The distributed power forecasting market is characterized by a large number of small-scale projects with lower unit prices, making it less attractive for large integrated companies [5] - The current market participants in distributed power forecasting are primarily small to medium-sized firms, indicating an opportunity for the company to capture a larger market share [5] Group 4: Technological Advancements - The company has upgraded its proprietary "Kuangming" renewable energy model, enhancing stability and performance while improving forecasting accuracy and efficiency [7] - The integration of advanced model technologies aims to strengthen the company's capabilities in regional forecasting, big data decision-making, and extreme weather prediction [7] - Future efforts will focus on further integrating large model technology with various business lines to enhance product competitiveness and cost-effectiveness [7]

Group 1: Market Trends and Policies - Distributed photovoltaic (PV) capacity is expected to grow significantly, with the National Energy Administration's guidelines emphasizing the "four capabilities" management requirements for distributed energy sources [2][3] - As of Q1 2025, the company has seen a rapid increase in the number of distributed PV clients due to the new power forecasting requirements [2] - The total installed capacity of wind and solar power in China reached 74.33 million kW in Q1 2025, marking a year-on-year growth of over 20% [5] Group 2: Competitive Landscape - The distributed power forecasting market is characterized by a large number of small-scale projects, with lower project prices compared to centralized clients [4] - Major comprehensive group companies show low participation interest in the distributed power forecasting market, leaving it primarily to small and medium-sized forecasting firms [4] Group 3: Future Market Expectations - The company anticipates that the total installed capacity of wind and solar power will reach approximately 200 million kW in 2025, indicating a stable expansion of the new energy market [5] - The company plans to enhance its service quality and product pricing to improve its market share in the centralized forecasting market [5] Group 4: Electricity Trading Market Outlook - The new regulations aim to promote market-oriented pricing for renewable energy, which will increase the demand for power forecasting and trading products [6][7] - The company expects the electricity trading market to become increasingly reliant on big data and artificial intelligence for efficient management and improved trading outcomes [7] - Future characteristics of the electricity trading market include a rising proportion of market-based transactions and a growing importance of renewable energy generation [7] Group 5: Corporate Actions - The company has received approval from the China Securities Regulatory Commission for the issuance of A-shares to specific investors in 2024 and will proceed with the issuance process [7]