Core Viewpoint - Aike Co., Ltd. (300889) has seen a significant stock price increase, surpassing 19 CNY per share, driven by favorable industry news and company developments [1][3]. Company Overview - Aike Co., Ltd. was established in 2009, focusing on outdoor smart lighting and cloud control systems [3]. - The company has undergone business restructuring since 2021 through capital operations and technological innovation, including a strategic acquisition of Foshan Yongchuang Xiangyi Electronics, a leading company in new energy battery safety materials [3][4]. - In April 2025, Aike completed the acquisition of 64.87% of Wuxi Shuguang, entering the core component field of new energy vehicles [3][4]. Industry Developments - As of July 2023, China's charging infrastructure has reached 16.696 million units, ten times the number at the end of the 13th Five-Year Plan, making it a global leader [3]. - The National Energy Administration is promoting the use of green vehicles and green electricity, providing services for new energy vehicle owners through green certificates and green electricity trading [3]. Financial Performance - Aike's main business revenue is diversified: LED optoelectronic products account for 60.05%, new energy electronic auxiliary materials for 17.49%, photovoltaic and wind power products for 10.49%, control systems for 7.53%, and charging pile products for 1.94% [4]. Market Outlook - The global sales of new energy vehicles (NEVs) are projected to reach 4.868 million units in Q2 2025, a 30% year-on-year increase [4]. - Including hybrid electric vehicles (HEVs), total electric vehicle (EV) sales in Q2 are expected to reach 6.456 million units, representing 29% of total global automobile sales [4]. - The new energy vehicle sector is anticipated to experience technological integration, market restructuring, and an energy revolution, with Chinese brands expected to increase their global market share from 25% in 2023 to over 40% [5].

Core Viewpoint - The company has established three main business segments: "Smart Energy Use, Smart New Energy, and Smart City" [1] Business Segments Summary - In the smart new energy sector, the company focuses on energy storage products, photovoltaic power stations, carbon management software platforms for parks (enterprises), and charging pile products [1] - Energy storage products include liquid-cooled outdoor cabinets (which feature liquid cooling systems for battery heat dissipation) and air-cooled outdoor cabinets, aimed at peak shaving, cost savings, multi-energy complementarity, and reducing carbon emissions [1]

Group 1 - The company has established three main business segments: "Smart Energy Use, Smart New Energy, and Smart City" [1] - In the smart new energy sector, the company focuses on energy storage products, photovoltaic power stations, carbon management software platforms for parks (enterprises), and charging pile products [1] - Energy storage products include liquid-cooled outdoor cabinets (which utilize liquid cooling systems for battery heat dissipation) and air-cooled outdoor cabinets, aimed at peak shaving, cost savings, multi-energy complementarity, and reducing carbon emissions [1]

Group 1 - The company has developed three main business segments: "Smart Energy Use, Smart New Energy, and Smart City" [2] - In the Smart New Energy sector, the company focuses on energy storage products, photovoltaic power stations, carbon management software platforms for parks (enterprises), and charging pile products [2] - The energy storage products include outdoor cabinets with liquid cooling systems, which help dissipate heat from energy storage batteries, and outdoor cabinets with air cooling [2] Group 2 - The liquid cooling energy storage systems are designed to achieve peak shaving and valley filling, reduce electricity costs, and support multiple value benefits such as carbon emission reduction [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 ...