盛虹控股集团聚焦新能源、新材料发展方向，依托国家先进功能纤维创新中心、大企业研究院等一 批创新平台和载体，以原创引领科技创新，攻克了诸多关键核心技术，进一步筑牢了企业竞争优势。 吴江厚植民营经济发展根基，持续优化营商环境，为科创企业发展提供最优创新生态。目前，吴江 正围绕"4+2+1"产业体系，培育壮大科技型企业，全力推进科技创新与产业创新深度融合，为建设高水 平创新型城市注入强劲动能。 据半年度数据显示，吴江全区高新技术产业产值达1797.1亿元，占规上工业总产值比重提升至 63.4%，高于全市均值约7个百分点。 近日，财富中文网发布了今年《财富》"中国科技50强"榜单。来自吴江的亨通集团和盛虹控股集团 2家企业入选，彰显了吴江科技实力的提升，体现了区域经济高质量发展的成果。 《财富》是全球知名的商业期刊，2024年首度推出"中国科技50强"榜单，通过不同维度的比较，旨 在挖掘出生在中国、正在影响世界的科技公司，它们广泛分布于通信、互联网、人工智能、新能源等多 个关键领域，以创新为动力，持续投入研发，积极拓宽应用场景，不仅在国内取得显著成绩，在全球也 占有一席之地。 亨通集团紧跟国家发展大局，聚焦电力能源发 ...

Core Viewpoint - The company is focusing on integrating AI technology into its products and solutions, particularly in the energy sector, to enhance operational efficiency and capitalize on emerging market opportunities driven by new energy policies and technological advancements [2][3][4][5][6] Company Performance - As of August 15, 2025, the company's stock price is 34.82 yuan, up 1.16% from the previous week, with a total market capitalization of 17.12 billion yuan, ranking 25th in the communication equipment sector [1] AI and Technology Integration - The company emphasizes its core competitiveness in "IoT + Chip + AI," focusing on applications such as energy digitalization, edge computing, and intelligent management of energy consumption [2] - The goal is to achieve comprehensive intelligent transformation, ensuring that every unit of electricity is optimized through AI [2] Policy Impact - Recent government policies in the energy sector are seen as crucial for promoting a new power system and green energy transition, providing a framework for market-oriented, low-carbon, and digital development [3] - The company plans to leverage these policies by enhancing its core technologies and solutions in the new energy sector, including electric vehicle charging and virtual power plants [3] AMI2.0 Development - The company is actively engaging in the development of AMI2.0, which enhances advanced metering infrastructure capabilities, focusing on edge computing, security, and customer engagement [4] - The strategic response to the global demand for clean energy and AMI2.0 development includes increased R&D investment and rapid product iteration [4] Collaboration with Huawei - The company is deepening its collaboration with Huawei's power digitalization team to provide targeted solutions for global green power supply and grid stability [5][6] - This partnership aims to address domestic and international market needs, particularly in areas like grid transparency and distribution network construction [6] Financial Returns - The company has distributed a total of 1.158 billion yuan in cash dividends since its listing and has repurchased shares worth approximately 200 million yuan, with a commitment to maintain a cash dividend payout ratio of 40% over the next five years [6]

Company Overview - Beijing Ruina Tongchuang Power Energy Technology Co., Ltd. has been established with a registered capital of 20 million yuan [1] - The legal representative of the company is Yu Dayong [1] Business Scope - The company’s business activities include manufacturing of power facility equipment, research and development of energy-efficient technologies in the power industry, sales of power electronic components, and sales of power measurement motors [1] - Additional activities encompass sales of electrical equipment, generators, cables, and services related to power generation technology and wind power technology [1] - The company is also involved in the manufacturing and sales of semiconductor discrete devices and specialized equipment for semiconductor devices [1] Ownership Structure - The company is wholly owned by Ruina Intelligent [1]

Core Insights - The Jiangxi Jiujiang Lakeside High-tech Industrial Park (Lakeside Park) has officially entered the trillion-yuan park category in 2024, achieving accounts receivable of 101.778 billion yuan, a year-on-year increase of 8.34% [1] Group 1: Industrial Development - Lakeside Park, established in 2003, has evolved from the Jinsha Bay Industrial Park and is recognized as a national fine chemical industrialization base and a provincial circular economy demonstration park [2] - The park has developed a new industrial structure characterized by lithium battery new energy as the leading industry, with fine chemicals, steel and non-ferrous metals, and digital economy as the main industries, forming a "1+3+N" industrial pattern [2] - Lakeside Park has attracted nearly 30 major projects with investments exceeding 2 billion yuan, including 15 Fortune 500 and listed companies, contributing to significant industrial growth [2] Group 2: Enterprise Support and Services - The park has established the "Huiqi Tong" platform to enhance service efficiency for enterprises, helping 14 companies secure nearly 50 million yuan in development funds in the first half of the year [3] - Lakeside Park collaborates with financial departments to facilitate loan procedures for eligible enterprises and conducts recruitment events to support employment [3] Group 3: Digital Transformation and Risk Management - Lakeside Park is implementing a digital transformation model through the "Park + Industrial Internet Platform," which includes a safety risk intelligent control platform [4] - The platform enhances safety risk management capabilities by 50% and emergency response efficiency by 50%, with 35 key enterprises already integrated into the system [4] Group 4: Green Transformation and Environmental Protection - Lakeside Park is a core engine for industrial growth in the region and is committed to ecological protection along the Yangtze River, focusing on ecological transformation, clean production, and green development [5] - The park has completed significant environmental projects, including wastewater treatment upgrades and pollution control measures, with 23 chemical enterprises achieving environmental upgrades [5][6] - In 2024, the average PM2.5 concentration in Lakeside City is reported at 26.7 micrograms per cubic meter, with an air quality good day ratio of 94.8% [6]

Group 1 - Toyota Motor Corporation and Sheneng Co., Ltd. have officially signed a strategic cooperation agreement [1] - The collaboration aims to explore the cascading utilization of Toyota's nickel-hydrogen batteries in energy storage scenarios [1] - The focus will be on developing the application value of these batteries in the field of power frequency regulation [1]

Group 1 - The fourth China-Africa Economic and Trade Expo was held in Changsha, showcasing over a thousand selected African products and aiming to deepen cooperation between China and Africa [1][2] - The expo featured a new African fashion industry pavilion, highlighting the interest of African designers in entering the Chinese market, with South African designer Tola Cindy expressing hopes for greater recognition of African design in China [2] - The expo's theme was "China-Africa Cooperation in Action, Dreaming of Modernization," with over 30 trade activities focusing on various sectors including industry chain cooperation, green minerals, infrastructure, and cultural trade [4] Group 2 - A significant focus of the expo was on integrated projects that create quality employment opportunities, with several projects signed, including agricultural modernization in Tanzania and a textile project in Hunan [4] - Energy cooperation was a key highlight, with multiple solar power projects signed, including a 50MW photovoltaic project in Zambia, addressing the long-standing energy shortages in Africa [7] - A total of 176 projects were signed during the expo, amounting to $11.39 billion, representing a 45.8% increase in project numbers and a 10.6% increase in project value compared to the previous expo [7]

Summary of Yongfu Co., Ltd. Conference Call Company Overview - Yongfu Co., Ltd. operates under a "one body, two wings" business model, focusing on integrated energy solutions, including new energy, power grids, wind power, photovoltaics, and energy storage services throughout their lifecycle [2][3][4] Core Business Segments - The integrated energy solutions segment has faced challenges due to a downturn in offshore wind investments and the pandemic, but is expected to recover with increasing orders from the second half of 2024 [2][3][6] - The distributed photovoltaic products segment has shown rapid revenue growth, with revenues of 0.8 billion RMB in 2022, 5.2 billion RMB in 2023, and projected 6.9 billion RMB in 2024 [2][3][5] - The digital energy segment is also expected to see significant growth, with projected revenues of 0.8 billion RMB in 2024, up from 0.5 billion RMB in 2023 [2][3] Financial Performance - The company has signed orders exceeding 30 billion RMB, with a strong outlook for new orders in 2025 [4][12] - The goal for the next three years is to achieve revenue exceeding 100 billion RMB [4][13] Market Dynamics - The company is actively expanding into overseas markets, particularly in Southeast Asia and the Belt and Road regions, aiming to increase the share of overseas business [4][11] - The offshore wind market is expected to be a significant growth driver starting in 2025, with ongoing projects in Korea and other regions [9][11] Business Structure and Trends - The EPC (Engineering, Procurement, and Construction) segment's share has decreased, while the higher-margin surveying and design segment has increased, indicating a shift towards higher value-added services [2][6][8] - The breakdown of revenue sources includes approximately 20% from power transmission and transformation, over 30% from wind and photovoltaic, and about 10% from energy storage [8][10] Competitive Advantages - Yongfu Co., Ltd. has a competitive edge in zero-carbon power systems, offering comprehensive services across various energy solutions and maintaining a strong position in offshore wind and new energy technology development [14][15] Strategic Focus - The company emphasizes strategic planning and execution in the fields of new energy, energy storage, digital energy, and market-oriented trading [16] - Yongfu aims to transition from a traditional solution provider to a comprehensive energy company, enhancing its market presence and service capabilities [17][18] Conclusion - Yongfu Co., Ltd. is positioned for growth through its innovative business model, strategic market expansion, and focus on high-margin services, making it a potentially valuable long-term investment opportunity in the energy sector [18]

Core Viewpoint - The 20th Central and Eastern Europe (Serbia) International Energy Exhibition, ENERGETIKA2025, will take place from October 20 to 22, 2025, in Belgrade, Serbia, serving as a significant platform for Chinese enterprises to expand into the Southeast European energy market [1]. Group 1: Exhibition Overview - ENERGETIKA has been held annually since 2005 and is recognized as one of the most professional energy exhibitions in Europe, with increasing scale each year [1]. - The exhibition covers a wide range of sectors including power generation equipment, renewable energy, energy efficiency, and international mining [1]. Group 2: Previous Exhibition Review - The last exhibition featured over 200 companies from 10 countries, including Serbia, China, Hungary, Czech Republic, and Austria, with 12 Chinese companies participating [5]. - The China-Serbia Free Trade Agreement (FTA) will eliminate tariffs on 90% of trade items, enhancing the export of Chinese products such as automobiles and solar components to Serbia [5]. Group 3: Market Opportunities - Serbia requires an additional 5,000 GWh of new power generation capacity annually over the next six years, representing a 15% increase from current production levels, necessitating at least €3 billion in investments [6]. - Chinese investments in Serbia include projects by Huawei, Zijin Mining, and Shanghai Electric, focusing on renewable energy and infrastructure [6]. Group 4: Trade Relations and Advantages - China is Serbia's second-largest trading partner, with stable diplomatic relations and a friendly local environment [8]. - The mutual visa exemption between China and Serbia facilitates business travel [8]. Group 5: Exhibition Scope - The exhibition will feature sectors such as electricity production equipment, mining and coal technologies, oil and gas production, and renewable energy sources [9]. - Serbia's strategic location in Southeast Europe enhances its significance as a trade and investment hub [9]. Group 6: Free Trade Agreement Benefits - The China-Serbia FTA aims for high-level trade liberalization, with 90% of tariff items to be eliminated, covering approximately 95% of bilateral trade [10]. - The agreement will allow for more favorable pricing for Serbian exports like generators and electric motors entering the Chinese market [10].

Meeting Information - The annual general meeting for 2024 will be held on June 6, 2025, at 14:30 [2] - The meeting will be conducted using a combination of on-site and online voting methods [2] - The physical location for the meeting is at the multifunctional conference room on the first floor of the company at 666 Linyang Road, Qidong City, Jiangsu [2][13] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [3] - Specific voting procedures for margin trading, transfer, and other related accounts must comply with relevant regulations [4] - All proposals will be subject to separate voting for small and medium investors [6] Meeting Agenda - The meeting will review proposals that have been previously approved by the board and supervisory committee [6] - Special resolutions include proposals 7 and 14.01 [6] - Related shareholders must abstain from voting on proposals 8 and 12 [6] Attendance and Registration - Shareholders registered by the close of trading on the registration date are entitled to attend the meeting [9] - Registration can be done on-site or via fax, with specific documentation required for both individual and corporate shareholders [10][11] - Registration will take place on June 5, 2025, from 9:30 to 16:30 [12] Additional Services - The company will provide a reminder service for small and medium investors to ensure they can participate in the voting process [7] - Shareholders with multiple accounts can aggregate their voting rights across all accounts [8]

Group 1: Company Strategy and Business Focus - The company focuses on the transition to low-carbon, digital, and intelligent energy solutions, emphasizing its mission to make electricity cleaner and smarter [2] - The business strategy is summarized as "one body and two wings," with the core business including planning consulting, new energy, clean energy, energy storage, and smart grid solutions [2] - The company has developed comprehensive zero-carbon power system service capabilities through continuous innovation and business expansion [2] Group 2: Rural Revitalization and Digital Initiatives - The company actively participates in rural revitalization, particularly in the "photovoltaic+" sector, offering high-quality distributed energy storage system products [3] - The "Green Beautiful Village" series products are designed to promote energy supply transformation in rural areas, providing solutions like household photovoltaic power stations and photovoltaic cultural stages [3] Group 3: Overseas Market Development - The company has established a localized resource system in overseas markets, focusing on Southeast Asia, South Asia, Africa, and the Middle East, with a comprehensive capability layout in new energy, energy storage, and digital energy [3] - Current overseas project execution and payment collection are reported to be normal and orderly [3] Group 4: Zero-Carbon Initiatives - The company possesses the capability to support the green transition of the power energy sector, integrating new energy, grid, energy storage, and smart operations [4] - It aims to provide comprehensive zero-carbon power solutions, products, and services across all stages and scenarios [4] Group 5: Market Performance and Challenges - The company's stock price is influenced by various factors, including macroeconomic conditions, policy factors, and market sentiment, despite an increase in project announcements [5] - The company emphasizes strategic leadership and aims to enhance operational quality to support market value growth [5] Group 6: Ongoing Projects - Current projects include the Xiamen energy storage demonstration platform, a 210MW offshore wind project in Wenzhou, and a 100MW wind project in Jiangxi, among others [6]