Core Insights - Jiangsu Huike New Energy Power Engineering Co., Ltd. is a strong EPC contractor and new energy developer established in 1989, located in Suzhou, Jiangsu Province [1][4] Company Overview - The company holds a secondary qualification for general contracting in power projects, a secondary qualification for building electromechanical installation, and a tertiary qualification for installation and testing [1][4] - The new energy development department is primarily focused on distributed development, with manufacturing and engineering bases located in the southeast development zone of Changshu, Suzhou [3][8] - The company occupies 85 acres with a building area of 35,000 square meters dedicated to producing photovoltaic systems, energy storage, charging station booster stations, prefabricated cabins, grid connection cabinets, and traditional power high and low voltage cabinets and transformers [3][8] Workforce and Capabilities - The engineering department employs over 100 staff, including 8 project managers with secondary qualifications or higher and 8 specialized commissioning personnel [4][9] - The workforce is largely certified in high-voltage electrical work and climbing, focusing on both traditional power engineering and new energy projects [4][9] - The company emphasizes intelligent manufacturing and engineering construction, ensuring that all engineering work is not subcontracted, covering installation, civil engineering, pile foundation, electromechanical work, and testing [4][9] Performance in New Energy Sector - Current new energy achievements are primarily in distributed and commercial energy storage, including projects such as a 16 MW photovoltaic project in Suzhou Xiangcheng, a 35 kV high-voltage grid connection project in Shandong, and a total of 40 MW ground power station high-voltage debugging subcontracting project at Prologis Logistics Park [6][11] - The company is also involved in the high-voltage grid connection project for the SIG energy storage project in Suzhou [6][11]

Core Viewpoint - The company reported a narrowing of losses in key profit indicators for the first half of 2025, alongside significant improvements in cash flow from operating activities, indicating a positive trend in its operational performance [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 50.41 million yuan, with a net loss of 11.84 million yuan, representing a reduction in loss margin by 32.65% [1]. - The non-recurring net profit was -11.82 million yuan, with a loss margin reduction of 36.24% [1]. - The oil and gas extraction sector remained the main revenue driver, generating 25.20 million yuan, accounting for 49.99% of total revenue, with a year-on-year growth of 8.95% [1]. Business Segments - The company has established three core business segments: oilfield technology services, new energy power engineering services, and new materials research, production, and sales [1]. - The new energy power engineering business generated 17.49 million yuan, representing 34.69% of total revenue, with potential for significant growth due to industry policy support and accelerated project implementation [1]. Strategic Initiatives - The company plans to enhance business expansion by strengthening collaborations with major players like PetroChina and Sinopec in oilfield environmental governance to secure long-term contracts [2]. - In the new energy power engineering sector, the company aims to leverage differentiated competitive advantages through customized solutions and brand development [2]. - The new materials segment will focus on building a supply chain risk warning system and optimizing research and development processes [2]. Future Outlook - The company intends to maintain focus on its core businesses, particularly pushing forward new energy power engineering projects to create new revenue and profit growth points [2]. - There is an emphasis on accelerating the recovery of the new materials business while exploring emerging markets and focusing on new productivity avenues to discover a second growth curve [2]. - Market analysts suggest that despite short-term performance pressures, the collaborative efforts across business segments and strategic initiatives are expected to gradually unlock long-term growth potential [2].