Core Viewpoint - The company has a strong order backlog of approximately 2.2 billion yuan as of September 30, 2025, with a significant portion coming from photovoltaic power products, indicating a stable operational outlook despite challenges in revenue recognition [1] Summary by Categories Order Backlog - As of September 30, 2025, the company has an order backlog of around 2.2 billion yuan, with photovoltaic power products still accounting for a large share [1] Revenue Recognition - The revenue recognition progress for the photovoltaic business has been delayed, but the existing order backlog is expected to support future performance [1] New Orders - In the first three quarters of 2025, the company received approximately 40 million yuan in new orders from the photovoltaic sector, representing a significant decline compared to previous periods [1] - The overall new order scale is currently experiencing a year-on-year decline due to the drop in photovoltaic orders [1] Strategic Response - In response to the decline in photovoltaic orders, the company is actively pursuing orders in other industries to mitigate the impact and ensure overall operational stability [1]

Core Viewpoint - The company reported a significant decline in new orders for its photovoltaic business, impacting overall order growth, but maintains a strong backlog to support future performance [2]. Group 1: Order Status - As of September 30, 2025, the company has a backlog of approximately 2.2 billion yuan, with a substantial portion attributed to photovoltaic power products [2]. - The new orders for the photovoltaic sector in the first three quarters of 2025 amounted to about 40 million yuan, representing a significant decline compared to previous periods [2]. Group 2: Business Strategy - In response to the decline in photovoltaic orders, the company is actively pursuing order expansion in other industries to mitigate the impact and ensure overall operational stability [2].