此外，泊知港会定期更新并监控费率数据，以最大化覆盖范围，同时支持车企展示费率信息或推荐费率 选项。这项技术能在车机屏幕上突出显示当前最省钱的充电费率，或协助车主通过特定的服务商享受会 员奖励、充电卡等专属权益。通过获取充电站的可用费率信息，零跑汽车得以为越来越多的海外车主提 供优质的智能网联汽车体验。 经观汽车 10月9日，车载出行和车内支付服务提供商泊知港今日宣布，将为零跑汽车提供高质量的充电服务，这 标志着该服务将随着零跑B10海外车型上市服务全球车主。从2025年末起，零跑海外车主将能享受由泊 知港提供的包括充电动静态数据、充电费率、充电速度、连接器类型等深度信息服务。 泊知港中国区总经理徐悦女士表示："零跑汽车正快速发展，在竞争激烈的'出海'旅程中，我们很高兴 能为零跑提供助力。泊知港将以此次合作为起点，充分发挥自身在全球的数据与服务优势，解决用户补 能焦虑，提升出行幸福感，助力中国车企在全球智能出行生态中持续创新。" 免责声明：本文观点仅代表作者本人，供参考、交流，不构成任何建议。 ...

Core Points - Southern Power Grid has mobilized over 50,000 personnel to ensure reliable electricity supply during the Mid-Autumn Festival and National Day holidays across Guangdong, Guangxi, Yunnan, Guizhou, and Hainan provinces [1] - The company swiftly restored power to all affected users following the impact of typhoons "Haikashan" and "Boloy" before the National Day [1] - Digital technology is being utilized to enhance monitoring of newly repaired equipment to eliminate potential hazards and ensure safe operation [1] Group 1 - Southern Power Grid has conducted a comprehensive inspection and risk assessment of over 15,000 charging stations and equipment ahead of the holiday peak travel season [2] - Special inspections were carried out at 1,184 key charging stations located in highways, scenic areas, and urban commercial districts to improve equipment safety and stability [2] - The company has identified 186 key power supply guarantee locations in Hainan, increasing focus on 149 important substations and 233 key transmission lines [1]

Core Viewpoint - The company has demonstrated significant performance growth, attributed to various strategic initiatives and market adaptations, particularly in traditional and new energy sectors [3]. Performance Growth Analysis - The company reported its highest profit in nearly a decade for 2024, with strong performance continuing into the first half of 2025. This growth is driven by several factors: - Optimization of traditional business through precise oil procurement and improved market share in gasoline and diesel, with increases of 0.46 and 0.93 percentage points respectively in the first half of 2025 [3]. - Transition to new energy and digital upgrades, including the operation of two LNG refueling stations and advancements in smart microgrid technology [3]. - Risk management strategies that led to zero risk incidents in 2024 and continued strict controls in 2025 [3]. - Integration of customer resources and innovative business models, including the establishment of a strategic customer department and the "Taishan +" strategy [3]. - Reforms and incentive mechanisms focusing on performance and efficiency in the workforce [3]. Business Planning and Development Trends - The company is focusing on non-oil business development aligned with Sinopec's "Easy Joy" brand, enhancing service models and exploring new profit growth points in automotive services and cultural tourism [4]. - The impact of rising penetration of new energy vehicles on traditional business is acknowledged, with a strategic shift towards becoming a comprehensive energy service provider [4]. - The company is responding to supply-side contraction in the petrochemical industry by leveraging its supply chain and brand advantages to stabilize traditional business, which will support its transition to new energy and non-oil sectors [4]. - Plans for high-quality development include consolidating traditional operations while accelerating the expansion of LNG refueling networks and charging stations [4]. - The company is addressing market disruptions caused by low-priced non-compliant oil through enhanced service and product quality [4]. - The implementation of the "Regulations on the Management of Refined Oil Circulation" is expected to standardize market operations, aligning with the company's compliance goals [4]. - Progress in clean energy transition includes the establishment of integrated charging and photovoltaic service systems, with 423 charging guns operational as of June 30, 2025 [4]. Share Buyback Progress - As of August 31, 2025, the company has not yet implemented its share buyback plan, with updates disclosed on September 3, 2025 [5].

Group 1: Company Performance and Strategies - The company has achieved continuous high growth, with 2024 profits reaching a ten-year high and strong performance in the first half of 2025 [2][3] - Market strategy optimization and improved procurement efficiency led to a market share increase of 0.46% for gasoline and 0.93% for diesel in 2024 [3] - The company has implemented a dual-service action plan and enhanced its service brand, "Hi-Run Service 1.0," to solidify market position in 2025 [3] Group 2: New Energy Transition and Digital Upgrades - In 2024, the company launched two LNG refueling stations and initiated smart microgrid energy storage projects, significantly improving operational efficiency [3] - The company accelerated its multi-energy complementary layout in 2025, establishing charging stations and collaborating on heavy-duty truck charging station construction, resulting in substantial revenue growth from new energy businesses [3] Group 3: Risk Management and Customer Integration - The company achieved zero risk incidents in 2024 through rigorous safety management and continues to strengthen environmental compliance and financial internal controls in 2025 [3] - A strategic customer department was established to enhance customer relationship management and develop a comprehensive service ecosystem combining energy, services, and social interaction [3][4] Group 4: Non-Oil Revenue and Future Outlook - The company is focusing on non-oil business planning, including hydrogen energy and photovoltaic projects, to diversify revenue streams and enhance service offerings [4][5] - The company is transitioning from traditional oil distribution to a comprehensive energy service provider, actively expanding LNG and charging station networks [5][6] Group 5: Regulatory Impact and Market Position - The implementation of the "Regulations on the Management of Oil Product Circulation" is expected to further standardize the market and enhance the company's competitive edge [6][7] - The company is committed to compliance and quality-first principles, leveraging regulatory opportunities to optimize market conditions and expand market share [6][7] Group 6: Clean Energy Initiatives - As of June 30, 2025, the company has built 423 charging guns with a total charging volume of 11.32 million kWh, alongside smart microgrid projects [7] - The company is exploring hydrogen energy business opportunities, contingent on market maturity and resource advantages [7]

Group 1 - The company confirmed that its charging service fee income is subject to stamp duty according to the Stamp Tax Law [2] - An investor inquired about the tax implications of the charging service contracts, specifically regarding whether they are considered taxable documents [2] - The company's response indicates a clear stance on the tax treatment of its charging service revenue [2]

Group 1 - The core viewpoint is that over half of the global new energy vehicles are operating in China, reflecting a deep-rooted green and low-carbon travel concept and energy consumption pattern [1] - Since the 14th Five-Year Plan, advanced manufacturing represented by electric vehicles and digital industries such as artificial intelligence and big data have significantly driven the rapid growth of electricity demand in China [1] - In 2024, electricity consumption for new energy vehicle manufacturing is expected to increase by 34.3% year-on-year, while electricity consumption for internet and related services is projected to grow by 20.5% year-on-year [1] Group 2 - As of the end of July, the number of charging infrastructure in China reached 16.696 million, which is ten times that of the end of the 13th Five-Year Plan, making it the world's largest scale [1] - The government is actively encouraging the use of green electricity through green certificate trading and other methods, providing green electricity services for new energy vehicle owners [1] - The rapid development of emerging industries like artificial intelligence relies on reliable and green electricity supply, with plans to promote the deep integration of green electricity and computing power [2]

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Nanjing Public Development Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and net profit, alongside ongoing developments in energy, real estate, and transportation sectors [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 reached approximately 2.87 billion yuan, representing a 16.07% increase compared to the same period last year [2][13]. - The net profit attributable to shareholders was approximately 31.28 million yuan, a substantial increase of 276.94% year-on-year [2][13]. - The net cash flow from operating activities surged by 420.16% to approximately 1.43 billion yuan [2][13]. - Basic earnings per share improved to 0.0543 yuan, compared to a loss of 0.0306 yuan in the previous year [2][13]. Business Segments Energy Sector - The company is focused on enhancing urban gas safety and expanding its gas business, with ongoing projects aimed at upgrading aging gas pipelines and improving supply resilience [3][4]. - The company has implemented advanced technologies such as cloud computing and IoT to promote intelligent management of energy production and consumption [4][11]. Real Estate Sector - The real estate market is undergoing a transformation, with policies aimed at stabilizing prices and improving quality. The company is actively participating in land auctions to increase its quality land reserves [5][6]. - The company reported a significant increase in revenue from real estate development, which accounted for 28.14% of total revenue, up from 9.68% in the previous year [15]. Transportation Sector - The taxi industry is experiencing changes due to technological advancements and the rise of new business models. The company is focusing on integrating traditional taxi services with internet-based operations [6][7]. - The fleet includes 1,927 taxis, with 95.07% being electric vehicles, reflecting the company's commitment to green transportation [7][12]. Strategic Initiatives - The company aims to enhance its market position by focusing on digitalization, green initiatives, and expanding its service offerings in the energy sector [4][11]. - The company is also exploring new business models in the energy market, including charging networks and battery swapping services for electric vehicles [4][11].

Group 1 - The total electricity consumption in Xinjiang reached 33.109 billion kilowatt-hours in July, with tourism-related electricity consumption exceeding 1.2 billion kilowatt-hours, marking a year-on-year increase of 26.85% [1] - Urumqi Tianshan International Airport recorded over 100,000 passengers for 17 consecutive days during the summer season, with a peak of 107,700 passengers on July 18, indicating strong tourism demand in Xinjiang [1] - Kuytun City emerged as the most popular tourist destination with an electricity consumption increase of 56.41%, followed by Kizilsu with 28.51%, showcasing a multi-point development pattern in tourism across Xinjiang [1] Group 2 - The electricity consumption in the tourism-related dining and accommodation sectors reached 3.32 million kilowatt-hours, reflecting a year-on-year growth of 20.18% [2] - The electricity consumption of boutique homestays near scenic spots like Bayinbuluke Nature Reserve surged by 135.09%, indicating a shift from "check-in sightseeing" to "immersive travel" experiences [2] - The demand for charging services for self-driving tours has exploded, with electricity consumption in the charging service sector reaching 1.84 million kilowatt-hours, a year-on-year increase of 157.94% [2]

2 3 3 2Q25 Gross Profit and Gross Margin were impacted by $6.4 million in non-cash charges related to obsolete inventory adjustments and write-down of capitalized costs related to incomplete projects $8.0 $8.8 $9.8 $10.6 $11.8 $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 2Q24 3Q24 4Q24 1Q25 2Q25 $ in millions Over Last 5 Quarters 5 Repeat and Recurring Service Revenue All comparisons are Q2 -2025 year-over-year, unless otherwise noted Service Revenues consist of repeat charging service revenues, recurring network fee ...

Core Viewpoint - The Henan Transportation Investment Group is focusing on high-quality development and efficient governance through strong party leadership and strategic initiatives to enhance its operational capabilities and service to the province [1][2][3][4] Group 1: Party Leadership and Governance - The company emphasizes the political core role of the party committee, ensuring that party leadership is integrated into all aspects of work, with a mechanism for learning, research, implementation, and supervision [1] - A four-level publicity system has been established, with 72 teams conducting 679 theoretical presentations to promote ideological alignment [1] - The company has achieved top rankings in both high-quality party building and development among provincial enterprises [1] Group 2: Strategic Development Initiatives - The company is actively involved in major provincial strategies, including a significant investment of 16.53 billion yuan in inland waterway transportation in 2024, with plans to exceed 100 billion yuan in 2025 [2] - The construction of the first modernized million-level dedicated container terminal in Henan is underway, enhancing the province's logistics capabilities [2] - The company is expanding its highway network, adding 1,037 kilometers of new roads this year, bringing the total to over 10,000 kilometers [2] Group 3: Organizational and Talent Development - The company maintains a 100% coverage rate of party organizations and has implemented differentiated setups for project company party branches to address challenges in grassroots organization [3] - Over 60% of the second-tier enterprise leadership has been exchanged, and the proportion of middle-level managers under 45 has increased from 6% to 16% [3] - The company has introduced 27 leading and young talents, including PhDs, to enhance its development capabilities [3] Group 4: Reform and Innovation - The company is advancing state-owned enterprise reforms, focusing on strategic transformation and the establishment of four major platforms and seven business sectors [3] - The management structure has shifted from a linear to a networked approach, significantly improving operational efficiency [3] - Collaboration with academic teams in five key areas aims to establish national-level innovation platforms [3]