Core Viewpoint - The report outlines the ongoing supervision and compliance of Beijing Yubang Electric Power Technology Co., Ltd. by the sponsor, Industrial Securities Co., Ltd., highlighting the company's financial performance, operational risks, and compliance with regulatory requirements [1][2][3]. Group 1: Ongoing Supervision - The sponsor has established and effectively implemented a continuous supervision system for Yubang Electric Power, including a corresponding work plan [1][4]. - A continuous supervision agreement has been signed, clarifying the rights and obligations of both parties during the supervision period [2]. - The sponsor conducts regular communication and monitoring of Yubang Electric Power's operational status [2][3]. Group 2: Financial Performance - For the first half of 2025, the company's total revenue was 353.78 million yuan, a slight increase of 0.35% compared to the same period in 2024 [12]. - The net profit attributable to shareholders decreased to 24.05 million yuan, down 37.91% year-on-year [13]. - The net profit after deducting non-recurring gains and losses was 16.15 million yuan, a decrease of 55.41% compared to the previous year [13]. Group 3: Operational Risks - The company faces core competitiveness risks due to the increasing importance of power IoT and digital grid construction, necessitating significant R&D investment [8][11]. - The main customers are state-owned enterprises like the State Grid and Southern Power Grid, leading to intense competition in the bidding process [8][10]. - Financial risks are highlighted by accounts receivable amounting to 338.19 million yuan, which poses potential cash flow issues if major clients face financial difficulties [9][10]. Group 4: R&D and Technological Capability - The company is recognized as a national high-tech enterprise and has a strong R&D team with 366 technical personnel, accounting for 27.69% of total employees [15][16]. - R&D investment for the reporting period was 31.08 million yuan, representing 8.78% of total revenue, indicating a slight decrease from the previous year [21][22]. - The company holds 395 intellectual property rights, including 161 patents, showcasing its technological strength [16][21]. Group 5: Compliance and Governance - The company has established a robust internal control system to ensure compliance with laws and regulations, including financial management and information disclosure [4][5]. - There have been no reported violations of commitments or regulatory breaches during the supervision period [3][5]. - The company has a comprehensive quality management system in place to maintain product quality and compliance with industry standards [19][20]. Group 6: Fundraising and Investment Projects - The company raised 410.81 million yuan through convertible bonds, with a net amount of 403.65 million yuan after expenses [22][23]. - As of June 30, 2025, the company had utilized 109.79 million yuan of the raised funds, with a remaining balance of 303.89 million yuan [22][23]. - The company has decided to terminate certain sub-projects under the fundraising plan due to slow progress and will continue to manage the remaining funds according to regulations [25][26].

Core Viewpoint - Beijing Keri Group has officially joined the Zhongguancun Energy Storage Industry Technology Alliance, enhancing its position in the energy storage sector and contributing to the development of new energy technologies [2]. Company Introduction - Founded in 1988, Beijing Keri Group originated from the China Electric Power Research Institute and has developed into a comprehensive company with three main business areas: research and manufacturing of distribution equipment, investment and construction in new energy, and smart energy management [4]. - The company is recognized as a national green demonstration factory, a high-tech enterprise, and a benchmark enterprise for intelligent manufacturing in Beijing, among other accolades [4]. - With over 30 years of focus on the distribution field, Beijing Keri has been a key player in advancing power technology and actively participating in the development of new energy [4]. - The company has a strong project management team and technical workforce, having participated in national key research projects and industry standard formulation, earning numerous honors including the National Science and Technology Progress Award [4]. Product Applications - Beijing Keri's products have been successfully utilized in significant events such as the Beijing Olympics, the Beijing International Horticultural Exhibition, and the G20 Summit, serving various industries including power grids, new energy, data centers, and aerospace [5]. Product Overview - The energy storage converter and booster integrated machine is a crucial component of electrochemical energy storage systems, facilitating energy exchange between batteries and the grid, and supporting various charging and discharging modes [7][8]. - The centralized energy storage PCS series utilizes advanced three-level power electronics technology, playing a vital role in enhancing the economic, environmental, and operational efficiency of smart grids [10]. - The new energy transformer produced by Beijing Keri is designed for photovoltaic and wind power systems, featuring high insulation strength, low noise, and high operational efficiency [14]. Technical Features - The energy storage systems are characterized by high integration, incorporating various components such as storage converters, transformers, and safety systems, ensuring reliable operation [9]. - The new energy transformer supports automatic control of charging and discharging, with a maximum efficiency exceeding 99%, and can handle dynamic loads such as electric vehicles [14][15].

Core Viewpoint - The article discusses the public tender announcement for the procurement of energy storage equipment for the 110MW/220MWh grid-side energy storage project in Zhoushan City High-tech Zone, highlighting the project's specifications and requirements for potential bidders [1][2]. Summary by Sections Project Overview - The project involves the procurement of a grid-side energy storage system with specifications of 110MW/220MWh, including energy storage battery cabins, power conversion systems, energy management systems, and associated cabling and accessories [2][4]. Tender Details - The tender is managed by Hangzhou Energy Group Engineering Technology Co., Ltd., with a project budget of 142 million yuan and a maximum bid limit of 116.6 million yuan [7]. - The tender announcement was published on June 30, 2025, and the online registration period for bidders is from the announcement date until July 21, 2025 [3][8]. Bidder Qualifications - Bidders must be registered enterprises in mainland China with independent legal status and must not have any disqualifying records in the past three years [5]. - Joint bids are not accepted, and bidders must provide complete and valid documentation [5]. Registration and Submission Process - Bidders must register on the Hangzhou City Investment Procurement Platform and complete the necessary certifications before the deadline [6][8]. - The submission of bid documents must be done in person by the specified deadline, with no acceptance of mailed submissions [10]. Contact Information - The contact details for the tendering authority and the consulting agency are provided for further inquiries [12][13].

Group 1 - The core viewpoint of the article highlights Beijing Keri's significant growth in revenue and profitability in Q1 2025, driven by the increase in income from the energy storage and renewable energy sectors [1] - The company reported a revenue of 434 million yuan, representing a year-on-year increase of 60.22%, and a net profit of 10.56 million yuan, marking a turnaround from losses [1] - Beijing Keri's products, including energy storage converters and complete sets of high and low voltage equipment, are widely used in renewable energy generation and storage [1] Group 2 - For its 2025 business plan, the company aims to capitalize on increased investments in the power grid market by enhancing technical capabilities, reducing costs, and building a sales team [2] - The company plans to focus on developing its renewable energy business through innovation and collaboration, utilizing various operational models such as self-development, investment construction, EPC contracting, and system integration [2] - Beijing Keri will also continue to advance its market capitalization management efforts in the capital market [2]