Core Insights - The company, Saijing Technology, is positioned at the forefront of China's energy revolution, focusing on domestic innovation in the power electronics sector and aiming to break international monopolies [1][4] - The company has reported significant growth in revenue, with a 35.5% year-on-year increase to 890 million yuan in the first half of 2025, driven by strong performance in flexible transmission and renewable energy sectors [2] - Saijing Technology has achieved key technological breakthroughs, particularly in dry direct current support capacitors and SiC products, enhancing its competitive edge in the domestic market [3][4] Financial Performance - In the first half of 2025, Saijing Technology achieved revenue of 890 million yuan, a 35.5% increase compared to the previous year [2] - The revenue from the power transmission and distribution sector was 467 million yuan, up 30% year-on-year, with flexible transmission contributing significantly [2] - The industrial and other business segments generated 356 million yuan, reflecting a 57% increase, with renewable energy and storage business growing by 108% [2] Technological Advancements - Saijing Technology is the only domestic company with independent technology for the anode saturation reactor used in ultra-high voltage direct current transmission [2] - The company has made significant progress in the development of dry direct current support capacitors, achieving a 62.5% market share in the domestic market for the 800kV flexible transmission project [3] - The company has also launched advanced SiC MOSFET products and modules, enhancing its position in the semiconductor field [3] Strategic Positioning - Saijing Technology's business aligns closely with China's dual carbon strategy, providing essential components for photovoltaic inverters, energy storage systems, and ultra-high voltage transmission [4] - The company is positioned as a key player in the energy transition, with a focus on domestic production and technological independence [4] - Despite facing international competition and challenges in yield and cost control, Saijing Technology's technological barriers and supply chain advantages make it a critical force in the energy transformation landscape [4]