Core Viewpoint - The company actively supports national major strategic projects and has established a full lifecycle service system in the ultra-high voltage sector, participating deeply in several key national power projects [1] Group 1: Company Initiatives - The company has developed a three-dimensional line design software that has been successfully applied in key national projects such as the Baihetan-Jiangsu ±800 kV ultra-high voltage direct current project and the Zhangbei flexible direct current ultra-high voltage project [1] - The smart construction products have served over a hundred smart construction projects across various voltage levels, including ultra-high voltage and ultra-high voltage projects [1] - The smart operation and maintenance platform, along with the "drone + AI" automatic inspection system, effectively assists clients in improving the efficiency of power line inspections [1] Group 2: Future Focus - The company will continue to deepen its technological research and development in the ultra-high voltage field, focusing on the needs of new energy grid connection and smart grid upgrades [1] - The company aims to continuously enhance its full lifecycle service capabilities to contribute more to the construction of the new power system in the country [1]

Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2026 was $238 million, reflecting a 5% increase year-over-year and a 23% sequential increase from Q1 2026 [4][17] - Gross margins improved to 18.6% compared to 13.7% in Q2 2025, with record net income of $35.3 million or $2.50 per diluted share [5][19] - EBITDA for Q2 2026 was $36.3 million, representing an EBITDA margin of 15.2%, up from 10.9% in the same quarter last year [5][19] Business Line Data and Key Metrics Changes - Power industry services segment revenues increased 13% to $197 million, accounting for 83% of total revenues [7] - Industrial construction services segment revenues decreased to $36 million from $50 million year-over-year but saw a 23% sequential growth from Q1 2026 [7][8] - Telecommunications infrastructure services contributed 2% of total revenues, with a record backlog achieved [9] Market Data and Key Metrics Changes - The backlog reached a record $2 billion, with significant contributions from new projects in the power industry and industrial services [5][12] - The company noted increasing demand for energy infrastructure due to the electrification of various sectors and aging natural gas infrastructure [10][11] Company Strategy and Development Direction - The company is focused on capitalizing on the growing demand for power generation facilities, particularly natural gas and renewable energy projects [10][24] - A disciplined capital allocation strategy is in place, emphasizing investments in workforce, dividends, and potential M&A opportunities [22][23] - The company aims to maintain its leadership role in energy infrastructure construction while driving organic growth [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market demand for energy infrastructure and the company's ability to execute projects on time and within budget [26][27] - The company anticipates continued growth in backlog and project opportunities, particularly in the power sector [24][26] Other Important Information - The company has $572 million in cash and investments, with net liquidity of $344 million and no debt as of July 31, 2025 [6][22] - A quarterly dividend of $0.375 was paid, reflecting a 50% increase in the annual dividend run rate over two years [23] Q&A Session Summary Question: What is left to complete at the Trumbull project and the timeline? - Management indicated that the project is on track for completion in the first half of next year following recent milestones [32] Question: Are there any one-time gains affecting the gross margin? - Management noted that while execution has been strong, they do not provide specific guidance on gross margins due to the nature of the business [33] Question: What types of projects are being considered for the backlog? - Management confirmed a variety of project sizes are being pursued, with expectations to exceed $2 billion in backlog by the end of the fiscal year [36] Question: Is there an acceleration in the pipeline due to demand? - Management stated that while there is a strong demand environment, the pipeline remains consistent with previous trends [41] Question: What is the outlook for the industrial business segment? - Management reported a record backlog of $189 million and expects improved performance in the second half of the year [43]

Summary of Primoris Services (PRIM) Conference Call Company Overview - **Company**: Primoris Services Corporation (PRIM) - **Date of Conference**: June 24, 2025 - **Speakers**: David King (Interim CEO and Chairman), Ken Doshen (CFO) Key Points Industry Context - **Renewable Energy Sector**: Primoris is actively involved in the renewable energy sector, particularly in battery energy storage and project management for renewable projects [3][4][11] - **Power Delivery**: The company also operates in the power delivery sector, which includes transmission, distribution, and power generation [28][30] Financial Performance and Expectations - **Backlog**: Primoris is tracking a backlog of $20 billion to $30 billion in projects from now until 2028, indicating strong future demand [5][6] - **Bookings**: The company expects bookings in the first half of 2025 to be lighter but has seen better-than-expected performance in Q1 2025, beating expectations by $300 million [16][18] - **Battery Storage**: The battery storage segment is less than 5% of the overall business, valued at over $2 billion, and is not expected to significantly impact overall performance [26][24] Project Management and Client Relationships - **Project Resequencing**: Primoris is adapting to project resequencing due to customer requests for clarity on pricing, particularly in battery energy storage [4][7][8] - **Client Engagement**: The company emphasizes strong relationships with clients, allowing for flexibility in project management and scheduling [14][15] Growth Strategy - **Natural Gas Power Generation**: The demand for natural gas generation projects has quadrupled, with a backlog at its highest in 10-15 years, indicating a shift back to gas generation due to increased power consumption [44][46] - **Power Delivery Expansion**: Primoris aims to grow its power delivery business, focusing on larger projects while maintaining a disciplined approach to risk management [35][36] Mergers and Acquisitions - **Acquisition Strategy**: The company is looking for quality acquisition opportunities, particularly in Power Delivery and Communications, with a focus on organic growth [60][62] Leadership Transition - **CEO Search**: The search for a new CEO is ongoing, with a focus on finding a candidate with the right strategic vision for the company [56][58] Market Dynamics - **Tariffs Impact**: There has been no immediate impact from tariffs on bookings or projects, as existing projects had pre-purchased materials [22][23] - **Labor Market**: The company is focusing on training and developing labor resources to meet growing demand in the industry [39][40] Additional Insights - **Operational Efficiency**: Primoris has developed methods to execute projects efficiently, which has helped in building long-term relationships with clients [12][13] - **Market Position**: The company is positioned well to capitalize on the growing demand for power delivery and renewable energy projects, with a focus on maintaining a balanced project portfolio [30][31]

石家庄科林电气股份有限公司 2024 年年度报告摘要 公司代码：603050 公司简称：科林电气 石家庄科林电气股份有限公司 2024 年年度报告摘要 石家庄科林电气股份有限公司 2024 年年度报告摘要 第一节 重要提示 1、 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到 www.sse.com.cn 网站仔细阅读年度报告全文。 2、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 3、 公司全体董事出席董事会会议。 4、 大信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 经大信会计师事务所（特殊普通合伙）审计，公司 2024 年度实现归属于上市公司股东的净利 润 177,840,384.26 元，母公司实现净利润 149,166.83 元，截至 2024 年 12 月 31 日,公司（合并） 未分配利润为 935,978,659.34 元，母公司累计可供股东 ...