Core Points - The CSI Yingda Energy Internet Equal-Weight Index (CS Yingda EI) has shown significant growth, with a 10.47% increase over the past month, 9.57% over the past three months, and a 10.26% increase year-to-date [1] - The index comprises up to 80 securities selected from various sectors related to energy internet, including distributed photovoltaics, wind power, energy storage, and more, using an equal-weighting method to reflect the overall performance of listed companies in this sector [1] - The index's top ten holdings include companies such as GCL-Poly Energy (3.36%), Power Source (3.32%), and Guoxuan High-Tech (3.28%), indicating a diverse representation within the energy sector [1] - The index is primarily composed of industrial (71.70%) and communication services (14.19%) sectors, with public utilities (8.62%) and information technology (2.88%) also represented [2] Index Composition - The CSI Yingda Energy Internet Equal-Weight Index is adjusted quarterly, with sample adjustments occurring in March, June, September, and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (55.70%) and the Shanghai Stock Exchange (44.30%) [1]

Group 1 - The 2025 Energy Industry Ecological Forum was held in Changping District, focusing on accelerating the construction of a new energy system in line with the "14th Five-Year Plan" [1] - The forum featured discussions on China's energy industry's green and low-carbon transformation, aiming to gather industry wisdom to promote energy reform and innovation [1] - Key reports such as the "2025 Energy Industry Ecological Report" and the "Gas Station Prosperity Index" were released, showcasing the latest data and a paradigm shift in energy terminal services [1] Group 2 - Changping District has become a hub for advanced energy industry elements, hosting branches of major oil companies and power generation groups, as well as numerous high-tech private enterprises [2] - The district has established over 60 national and municipal key laboratories and engineering technology centers, making it one of the richest areas for energy innovation elements in the country [2] - The energy industry revenue in the district is projected to exceed 250 billion yuan in 2024, indicating significant growth in the energy sector [2]

Summary of Langxin Group Conference Call Company Overview - **Company**: Langxin Group - **Date**: June 26, 2026 Key Industry Insights - **Electricity Trading Market**: The market is expected to present a trillion-level opportunity due to the marketization of electricity trading. Langxin Group holds electricity sales licenses in 28 provinces and cities, aiming to complete over 100 billion kWh of platform transactions in the next three years, with financial trading becoming a major growth point [2][5][14]. Core Business Developments - **Stable Growth in Mature Businesses**: The company is focusing on stable growth in mature businesses like payment services while nurturing growth in aggregation charging services, expecting to enter a profitable phase [2][3]. - **Charging Business Strategy**: The company is optimizing charging scenarios, primarily serving private car owners while controlling the scale of ride-hailing vehicle charging to achieve cost-revenue balance [2][6][11]. Financial Projections and Goals - **Revenue Growth**: The energy internet segment is projected to reach 1.8 billion yuan in revenue by 2024, with plans to continue innovative financial services and blockchain collaborations to enhance value [2][8]. - **Future Targets**: Langxin Group aims to achieve a charging target of 17 billion kWh and acquire 48 million users by 2027, leveraging partnerships with platforms like Alipay and Ele.me for user expansion [4][12]. Strategic Partnerships - **Collaboration with Alibaba**: The partnership utilizes RWA technology to link agricultural internet platforms, generating synergistic value through new energy asset operations and financial services [2][7][15]. - **RWA Project**: The company completed the first domestic RWA project based on charging piles, utilizing blockchain technology to present credible data and attract investors [4][15]. Market Dynamics - **Electricity Trading Environment**: The trading market is becoming more favorable due to policy changes and price dynamics, with significant price differences encouraging participation from small and medium-sized enterprises [13][14]. - **User Base Expansion**: The company has identified over 15 million hidden small and medium-sized commercial users through data analysis, which can be converted into customers via platform trading capabilities [14]. Additional Insights - **Innovative Financial Services**: The company plans to invest in value innovation, exploring new business directions such as insurance and battery services related to charging [12]. - **Operational Adjustments**: From 2024, the company shifted its focus to better serve private car owners, leading to significant cost control and reduced losses [11]. This summary encapsulates the key points from the Langxin Group conference call, highlighting the company's strategic direction, market opportunities, and financial goals.

Group 1 - The 2025 National Energy Internet Conference was successfully held in Hangzhou, focusing on the deep collaboration between artificial intelligence and energy technology, aiming to explore pathways for zero-carbon transformation and develop a "Chinese plan" for the digital energy era [1][4] - The conference was co-hosted by Tsinghua University and the State Grid Corporation of China, with various institutions collaborating to discuss energy internet innovations and policies [1][2] - The National Energy Administration emphasized the importance of energy internet as a key driver for smart upgrades and industrial transformation, highlighting future initiatives in new energy storage and hydrogen energy development [1][2] Group 2 - The State Grid Corporation of China is committed to advancing energy transition and technological innovation, focusing on the digital upgrade of the power grid and collaboration in energy internet development [2] - The Southern Power Grid Company introduced a digital grid model and released the industry's first digital grid standard framework, aiming to deepen AI integration with energy systems [2][3] - The 2025 National Energy Internet Development Annual Report highlighted significant growth in the energy internet sector, including the introduction of 145 new standards and a 50% increase in the number of energy internet enterprises [3] Group 3 - The conference featured discussions on various topics such as energy digitalization, carbon neutrality in electricity, and the application of artificial intelligence in energy systems [3][4] - The event aimed to provide new perspectives and strategies for building a sustainable energy future, emphasizing the integration of core technologies and ecosystem development [4]

Summary of Langxin Group Conference Call Company Overview - **Company**: Langxin Group - **Industry**: Energy and Electric Power Key Points and Arguments Business Growth and Strategy - Langxin Group's mature businesses, such as grid digitalization and utility payment platforms, are experiencing stable growth, benefiting from the construction of new power systems and electricity market reforms [2][3] - The aggregation charging business is entering a high-quality development phase, with expectations to reach 48 million platform users and 17 billion kWh of charging volume by 2027, and profitability anticipated next year [2][4] - The company is actively positioning itself in electricity market transactions, aiming for an annual transaction volume exceeding 100 billion kWh by 2027, with platform-based trading becoming a primary growth engine [2][5] Energy Internet Platform - Langxin Group's energy internet platform connects a vast number of users and power assets, accumulating over 500 million meter data users, providing a foundation for electricity trading [2][6] - The company focuses on private car charging needs and utilizes financial empowerment to support the expansion of public charging networks, enhancing urban network share [2][7] Market Opportunities and Challenges - The entry of new energy into the market and price fluctuations will impact small and micro enterprises, with the company’s platform offering electricity sales services at more favorable prices [2][10] - The company has three core advantages in platform-based electronic trading: scene advantage, data advantage, and AI model capability, enhancing trading competitiveness [2][11] Future Projections - By 2027, the company expects to achieve a charging volume of 17 billion kWh and 48 million platform users, with current platform users at 22 million and 1.9 million charging piles connected [2][4] - The company aims to increase its annual electricity trading volume from 6 billion kWh in 2025 to 100 billion kWh by 2027, with a growth rate of approximately 3 to 4 times per year [12][21] Digitalization and Innovation - Langxin Group has established a solid digital foundation through partnerships, accumulating data from over 3000 charging pile operators and 190,000 charging piles [15] - The company is exploring blockchain technology for asset tokenization, enhancing transparency and security in transactions [13][14] Collaboration and Ecosystem Development - The collaboration with Ant Group focuses on enhancing the energy internet strategy, targeting private car charging markets and creating shared value through ecosystem synergies [27] - The company is also working with BYD on fast charging projects and expanding financial services for charging pile expansion needs [29] Risk Management and Financial Services - The company employs risk management strategies by leveraging the dispersed nature of small and micro enterprises, reducing risks associated with large clients [28] - Innovative financial services are being developed to support the growth of new energy assets, with a focus on expanding market opportunities [29] Conclusion - Langxin Group is strategically positioned to capitalize on the growing electricity market and the transition to new energy systems, with a robust plan for growth, digitalization, and innovation in the energy sector [18][26]

Summary of Langxin Group Conference Call Company Overview - **Company**: Langxin Group - **Industry**: Energy Internet and New Energy Key Points and Arguments Energy Internet Platform - The Energy Internet platform has been operational for 12 years, connecting numerous new energy assets such as charging piles and photovoltaics, enhancing asset utilization efficiency and value returns for clients, with an expected annual transaction volume exceeding 100 billion kWh within three years [2][4][5] - The platform has connected over 500 million end users, including 15 million commercial users, who will have future needs to participate in electricity market transactions [2][6] Charging Business Development - The aggregation charging business has nearly 22 million users, collaborating with over 3,000 operators and more than 30 leading automotive companies, covering over 390 cities [2][7] - By 2027, the expected number of new energy vehicles in China will exceed 80 million, with annual public charging market demand reaching 110 billion kWh, targeting a market share of over 25% [2][7][8] Future Growth Strategy - Post-2025, the company will focus on the main track of electric energy, entering a new growth cycle with stable growth in existing digital grid and life payment businesses, and rapid scaling of the charging aggregation platform [3][4] - The company aims to achieve profitability in the charging ecosystem by 2026, with projected charging volumes of 7 billion kWh in 2025, 11 billion kWh in 2026, and a market share exceeding 25% by the end of 2027 [9][10] Market Dynamics and Trading - Langxin has advantages in electricity market trading through scenarios, data, and technology, with a self-developed energy model driven by AI to maximize the value of data and technology [4][10] - The company plans to achieve over 130 billion kWh in transaction volume over the next three years, with specific targets of 6 billion kWh in 2025, 31 billion kWh in 2026, and 110 billion kWh in 2027 [4][13] RWA Model and Financial Innovation - The RWA (Real World Asset) model, in collaboration with Ant Group, provides value-added opportunities through financial innovation, connecting over 500 million end users, with 80% being electricity meter users [6][14] - The choice of the new energy sector for RWA tokenization is due to its large scale and alignment with national energy development strategies, providing a solid foundation for RWA tokens [15][16] Distributed Photovoltaics - Distributed photovoltaics have seen rapid growth, with a connection volume of 25 GW by the end of 2024, expected to reach 50 GW in 2025, providing essential resources for effective electricity trading [12] Challenges and Regulatory Environment - The company faces challenges in policy and regulatory aspects during the RWA issuance process, requiring collaboration with various regulatory bodies [22][24] - The introduction of the Hong Kong stablecoin regulation is expected to stimulate market activity and provide a framework for future transactions [25] Future Directions - The Energy Internet platform is expected to continue growing, reflecting the value of the electricity market and driving further innovation and optimization [27] - The company aims to leverage its extensive experience in asset management, electricity trading, and innovative financial services to create more value for investors [32] Additional Important Insights - The electricity market is projected to reach a scale of 61 billion kWh in 2025, with a focus on converting small and micro-enterprises into electricity trading agents [29][31] - The company has accumulated over 20 years of experience in the energy sector, positioning itself to capitalize on opportunities arising from the national push for electricity marketization [32]

Group 1: Company Strategy and Focus - The company is committed to optimizing and restructuring non-core businesses, including the divestment of TV set-top boxes and digital city projects, to focus on energy digitalization and energy internet strategies [2][3] - The strategic shift aims to transition from project-driven to AI-driven operations, enhancing efficiency and sustainability in energy management and electricity trading [3] Group 2: Financial Performance - In Q1 2025, the company reported revenue of 667 million, remaining stable year-on-year, with a 10% increase when excluding non-core business impacts [3] - The gross profit margin reached 48%, indicating a significant improvement, while net profit was 3.37 million, reflecting a 118% year-on-year growth [3] Group 3: Energy Digitalization and Internet Development - The company is actively deploying AI and energy management solutions, with a focus on new power systems and marketization, expecting significant revenue and profit contributions in the second half of the year [3] - The "New Electric Path" platform has over 1.7 million charging devices and more than 20 million registered users, indicating substantial growth in user engagement and service coverage [4] Group 4: Future Growth and Market Opportunities - The company anticipates accelerated growth in electricity trading due to ongoing market reforms and the introduction of new policies aimed at enhancing renewable energy integration [4] - Plans to expand the charging network and user base, particularly targeting private car owners, are in place to capitalize on the growing demand for public charging services [5]