Core Viewpoint - BOE Technology Group's subsidiary, BOE Energy Technology Co., Ltd., has been listed on the National Equities Exchange and Quotations (NEEQ) as of April 8, 2023, which aligns with the group's strategic development plan and aims to enhance its competitiveness in the energy IoT sector [1][2]. Group 1: Company Overview - BOE Energy was established in August 2009 with a registered capital of 1.24 billion RMB and is one of the early entrants in the renewable energy application sector in China [1]. - BOE Technology Group holds a 68.4% stake in BOE Energy, which focuses on comprehensive energy services, energy utilization, and zero-carbon services [1]. Group 2: Financial Performance - In 2022, BOE Energy reported a revenue of 642 million RMB and a net profit of 107 million RMB [1]. - The company's revenue increased to 754 million RMB and net profit to 142 million RMB in 2023 [1]. - For the first half of 2024, BOE Energy achieved a revenue of 491 million RMB and a net profit of 68 million RMB [1]. Group 3: Strategic Implications - The listing of BOE Energy is expected to optimize asset allocation and maximize value for the BOE Technology Group [1]. - The subsidiary's listing will not affect the group's control over it, nor will it impact the financial status or operational results of the parent company [2].