Core Viewpoint - The company, Zhongtong Guomai Communication Co., Ltd., is currently involved in a significant lawsuit regarding a construction contract dispute, with the case now in the second instance of appeal [2][4]. Group 1: Lawsuit Overview - The company received a summons from the Jilin Province Tongyu County People's Court regarding a construction contract dispute with Zhongsheng Hongcheng (Group) Co., Ltd. [3] - The company has appealed against the first-instance judgment made by the Tongyu County People's Court, which ruled against it in the amount of 27,348,024.83 yuan plus interest [2][4]. - The second-instance case has been accepted by the Baicheng Intermediate People's Court, with the first hearing scheduled for August 21, 2025 [4][11]. Group 2: Legal Parties Involved - The appellant (original defendant) is Zhongtong Guomai Communication Co., Ltd., represented by its legal representative, Li Xuegang [5]. - The appellee (original plaintiff) is Zhongsheng Hongcheng (Group) Co., Ltd., represented by its legal representative, Gong Shufeng [6]. - The original defendant also includes China United Network Communications Co., Ltd. Jilin Province Branch [7][8]. Group 3: Appeal Details - The company requests the annulment of the first-instance judgment and seeks a retrial of the case [9]. - The appeal is based on several grounds, including procedural violations and errors in the original court's factual determinations [10]. - The company emphasizes that the original judgment improperly assigned financial responsibilities and failed to consider certain agreements related to cost-sharing [10]. Group 4: Financial Impact - As of the date of the announcement, the lawsuit has not yet been heard, and the final outcome remains uncertain regarding its impact on the company's current and future profits [12].

证券代码：603559 证券简称：*ST 通脉 公告编号：2025-057 中通国脉通信股份有限公司 关于重大诉讼进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容及风险提示： ●案件所处的诉讼阶段：一审已判决 ●上市公司所处的当事人地位：被告 ●涉案金额：被告中通国脉通信股份有限公司（以下简称"中通国脉"或"公 司"）于本判决生效之日立即给付原告中晟宏程(集团)有限公司（以下简称"中 晟公司"）(原名:内蒙古华野通信系统有限责任公司)工程款 27,348,024.83 元 及利息。 一、本次重大诉讼的基本情况 ●是否会对上市公司损益产生负面影响：本次判决为一审判决，后续进展和 执行情况尚存在不确定性，目前对公司利润的影响尚存在不确定性。 初 2066 案号传票。公司因建设工程施工合同纠纷被中晟公司起诉。具体内容详 见公司于 2023 年 7 月 29 日披露的《中通国脉通信股份有限公司关于累计涉及诉 讼事项的公告》（公告编号：2023-064）。 省通榆县人民法院提请诉讼。具体内容详见公司于 2025 年 ...

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Summary of Zhongbei Communication Conference Call Company Overview - **Company**: Zhongbei Communication - **Industry**: Telecommunications and New Energy Key Points Financial Performance - In Q1 2025, Zhongbei Communication reported revenue of **549 million** yuan, a year-on-year decline of **24.67%**. Net profit was **18 million** yuan, with a significant drop in net profit excluding non-recurring items by approximately **60%** [2][3] - For the full year 2024, the company achieved revenue of **2.984 billion** yuan, a growth of **4.28%** year-on-year, with net profit of **145 million** yuan, slightly up from the previous year. The largest revenue segment was 5G infrastructure, generating **1.968 billion** yuan but down **12.13%** due to reduced operator investments [3] Business Segments - **Intelligent Computing (智算业务)**: This segment saw explosive growth, with revenue reaching **135 million** yuan, up **972.79%** year-on-year. The company has invested **3 billion** yuan to establish a nationwide intelligent computing cluster, delivering over **15,000P** of operational computing power [2][5] - **New Energy**: The company is focusing on power batteries and energy storage, collaborating with BYD to build a power battery factory in Hefei, targeting commercial vehicle heavy-duty batteries and energy storage systems. The expected scale for the new energy business is **1 billion** yuan for the year [2][8][9] Strategic Investments - The company plans to invest **1.9 billion** yuan in a private placement, with **1.1 billion** yuan allocated for cluster construction to support large model training and small client inference needs [2][7] - The company has a competitive edge in electricity costs in regions like Wudang, which will help optimize financial costs and support its computing power rental business [2][7] Market Trends and Challenges - The domestic 5G infrastructure market is expected to continue declining, with a drop of over **10%** last year and further declines anticipated in 2025. The company is focusing on overseas markets such as the Philippines, Saudi Arabia, and South Africa to offset domestic shortfalls, although growth is limited by funding constraints [11][12] - The company is also facing challenges in the high-end SIM card market due to industry restrictions, but it maintains sufficient inventory and has established compliant procurement channels [20] Collaborations and Partnerships - Zhongbei Communication is collaborating with Jinkai New Energy, which handles heavy asset ownership and financing, while Zhongbei provides supply chain and operational services. This partnership reduces financial costs and enhances the development of computing power leasing [4][13][15] - The company is also working with academic teams, including that of Academician Cai Hengli, to develop applications in artificial intelligence, with projects expected to launch within one to two quarters [4][22][23] Future Outlook - The company is optimistic about the growth of its new energy business, with a strong order pipeline from traditional and new clients in the heavy-duty vehicle sector. The Hefei factory is expected to contribute significantly to revenue in Q2 2025 [8][9] - The focus for future development will remain on intelligent computing, 5G infrastructure, and new energy, which are seen as critical growth areas [26] Additional Notes - The company holds **40%** of Dahu Industrial, with the remaining shares held by Academician Cai and his team [24][25] - The company is actively addressing misconceptions about its private placement and is progressing well with competitive projects [16][17] This summary encapsulates the key insights from the conference call, highlighting the company's financial performance, strategic initiatives, market challenges, and future outlook.

Financial Data and Key Metrics Changes - Fourth quarter revenue was $3.4 billion, adjusted EBITDA was $271 million, a 20% year-over-year increase, and adjusted EPS was $1.44, more than double last year's fourth quarter [6][7]. - For the full year 2024, revenue was $12.3 billion, adjusted EBITDA was $1.06 billion, also an almost 20% year-over-year increase, and full year adjusted EPS was $3.95 [7][24]. - Cash flow from operations for 2024 was $1.1 billion, with net debt reduced by over $700 million for the year [7][25]. Business Line Data and Key Metrics Changes - Communications segment revenue increased by 28% year-over-year in the fourth quarter, with EBITDA up 67% [11]. - Power Delivery segment revenue grew by about 16% year-over-year in the fourth quarter, with expectations for double-digit growth in 2025 [13]. - Clean Energy and Infrastructure segment revenue was up 18% year-over-year in the fourth quarter, with EBITDA more than doubling [15][29]. - Pipeline segment revenue was down year-over-year and sequentially, with guidance for 2025 revenue at approximately $1.8 billion [14][30]. Market Data and Key Metrics Changes - The backlog at year-end totaled $14.3 billion, an increase of over $400 million sequentially and almost $2 billion year-over-year, representing a record level for the company [25][26]. - The company expects non-pipeline revenues to increase by 14% and non-pipeline EBITDA to grow over 25% in 2025, supported by strong customer demand [8][9]. Company Strategy and Development Direction - The company is focused on cultivating the best talent in the industry and preparing the workforce for future demands [10]. - There is a strong emphasis on modernizing and rebuilding America's infrastructure, with a diversified business model that allows for integrated solutions at scale [19][20]. - The company aims to improve margins significantly while maintaining strong revenue growth, which is expected to lead to substantial value creation for stakeholders [21][20]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the unprecedented level of demand across all segments, indicating that this is not a short-term bubble but a fundamental need for infrastructure support [10]. - The company anticipates continued backlog growth in all segments during 2025, despite potential lumpiness in project awards [56]. - Management highlighted optimism regarding the pipeline business, expecting revenues in 2026 and beyond to exceed 2024 levels [40][116]. Other Important Information - The company has successfully advanced acquisition integration efforts and strengthened its balance sheet through debt reduction [22]. - The company is committed to maximizing return on investment while supporting organic growth, with share repurchases remaining opportunistic [35]. Q&A Session Summary Question: Pipeline business revenue expectations for 2026 - Management confirmed that they expect pipeline revenues in 2026 to exceed 2024 levels due to increased optimism and project activity [40]. Question: M&A strategy given strong cash flow - The focus will be on organic growth first, with potential tuck-in acquisitions considered to meet goals more quickly [42]. Question: Clean Energy segment margins - Margins were driven by execution, with expectations for continued improvement in 2025 [44][46]. Question: Backlog growth in all segments - Management expects backlog growth in every segment during 2025, despite historical lumpiness in project awards [56]. Question: Growth profile in Communications - The growth is primarily driven by new contracts and existing customer demand, with limited reliance on new funding sources [57][60]. Question: Capacity for large transmission projects - The company is prepared to take on additional large projects and is optimistic about securing more contracts in 2025 [94]. Question: Pipeline margins and revenue guidance - The guidance reflects a decline in revenue due to fixed costs, but management remains confident in margin capabilities [96][97].

以下文章来源于杭州钱塘企业出海服务基地 ，作者钱塘出海 杭州钱塘企业出海服务基地 . 钱塘大江东，出海进行中 新区管委会副主任、区政府党组成员李俊介绍了钱塘新区的战略定位与区位优势。她表示，作为钱塘新区重要组成部分， 中企国际服务中心以"汇聚全球服 务商，助力企业全球化"为目标，打造"1+2+N"双向投资一站式出海服务平台 ，通过建设支持企业"走出去""引进来"的一体化服务平台，搭建"政务服务+商 务服务"两大功能的线上线下服务体系，汇聚"专业服务+产业服务"构成的多家服务机构，全链条一站式赋能企业全球化发展。 把握出海新挑战 与海外共创新未来 从全球格局来看，逆全球化保护主义、多边规则体系变化、AI等高科技竞争白热化，也在持续对世界各国带来新的挑战。 企业在制定出海战略之前，首先要做到知己知彼，把握国际整体局势与主要风险点。 商务部研究院原院长 霍建国 商务部研究院原院长霍建国 基于过去长期从事经贸管理及政策研究工作，以及在国际关系互动中的外贸谈判和多边合作经验，在研讨会上谈到，不论是基 于国际关系的"被动出海"，还是企业出于自身需要"主动出海"，出海已经成为中国企业发展的"必答题"。 霍建国表示，当下企业 ...