Core Viewpoint - Pinggao Electric (600312.SH) has announced the establishment of two wholly-owned subsidiaries to enhance operational vitality, improve operational quality, and actively expand the market [1] Group 1: Company Initiatives - The company is setting up Pinggao Electric (Henan) High Voltage Switch Co., Ltd. with a registered capital of 500 million yuan, where the company holds 100% ownership [1] - Another subsidiary, Pinggao Electric (Henan) Power Equipment Technology Co., Ltd., is being established with a registered capital of 400 million yuan, also fully owned by the company [1] - The establishment of these subsidiaries is a significant step in implementing the company's development strategy, which is expected to positively impact future growth [1] Group 2: Market Impact - The creation of these wholly-owned subsidiaries is aimed at further stimulating corporate vitality, increasing market development efforts, and enhancing the company's core competitiveness and profitability [1] - This strategic move is anticipated to contribute to the company's sustainable and stable development in the long term [1]

Core Viewpoint - Pinggao Electric (600312.SH) has announced the establishment of two wholly-owned subsidiaries to enhance operational vitality, improve operational quality, and actively expand the market [1] Group 1: Company Initiatives - The company is setting up Pinggao Electric (Henan) High Voltage Switch Co., Ltd. with a registered capital of 500 million yuan, where the company holds 100% ownership [1] - Additionally, Pinggao Electric (Henan) Power Equipment Technology Co., Ltd. is being established with a registered capital of 400 million yuan, also fully owned by the company [1] - The establishment of these subsidiaries is a significant step in implementing the company's development strategy, which is expected to positively impact future growth [1] Group 2: Strategic Implications - The creation of wholly-owned subsidiaries is aimed at further stimulating corporate vitality and enhancing market expansion efforts [1] - This initiative is anticipated to improve the company's core competitiveness and profitability, contributing to sustainable and stable development [1]