Core Viewpoint - Company has established a global strategic partnership with the Hemingway Family Foundation's Yingzhi Hemingway Growth Income Fund to accelerate its global expansion in the renewable energy sector [1][2] Group 1: Partnership Details - The partnership aims to create a long-term, stable, and mutually beneficial relationship, leveraging both parties' strengths and international resources [1][2] - Yingzhi Hemingway Growth Income Fund, managed by the Hemingway Family Foundation, has an asset management scale of $1 billion and plans to acquire or hold up to 20% equity in the company [3] Group 2: Strategic Goals - The partnership includes multiple clear objectives, such as expanding market orders and investments in Africa, the Middle East, and Eastern Europe [4] - Financial support will be provided through relationships with family offices, sovereign funds, and institutional investors to assist in technology iteration and business model updates [4] - The company will utilize its technological advantages in photovoltaic manufacturing, zero-carbon park solutions, and hydrogen energy to assist the Hemingway Family in expanding and investing in these areas [4] - Brand building efforts will be enhanced through the influence and reputation of both parties in their respective fields and regions [4] Group 3: Future Outlook - The company anticipates accelerated overseas market expansion with comprehensive support from Hemingway Capital, aiming to seize global market transformation opportunities and develop a "domestic + overseas" dual circulation system [4] - The ultimate goal is to become a leader in the global zero-carbon industry [4]

Core Viewpoint - The Chinese new energy industry is undergoing an unprecedented wave of globalization, with companies like Zhonghuan New Energy accelerating their global expansion to seize opportunities in the green transition and address domestic market competition [1][3]. Group 1: Strategic Partnership - Zhonghuan New Energy has formed a global strategic partnership with the Hemingway Family Foundation's Yingzhi Hemingway Growth Income Fund to enhance its global expansion efforts [1][3]. - The Yingzhi Hemingway Growth Income Fund plans to acquire up to 20% equity in Zhonghuan New Energy, indicating a long-term investment commitment [3][4]. - This partnership aims to leverage both parties' strengths and international resources to ensure mutual benefits and accelerate Zhonghuan's globalization [1][3]. Group 2: Global Expansion Goals - The partnership will focus on promoting Zhonghuan's global expansion, particularly in Africa, the Middle East, and Eastern Europe, with priority given to countries like Romania, Bulgaria, Serbia, and Poland [4][5]. - Financial collaboration will support Zhonghuan's technological advancements and business model iterations, helping the company capture a larger market share [4][5]. - The partnership will also enhance both parties' reputations and brand influence in their respective fields and regions [5]. Group 3: Financial Performance - In 2024, Zhonghuan New Energy reported a revenue increase of 49.8%, reaching HKD 6.032 billion, and continued this growth trend in the first half of 2025 with a 59.92% year-on-year increase [6]. - The company achieved profitability in 2023, recording a net profit of HKD 76.437 million, validating its business model and growth potential in the new energy sector [6]. - The partnership with the Yingzhi Hemingway Growth Income Fund is expected to bolster market confidence in Zhonghuan's future growth and mark a new phase in its globalization strategy [6][8]. Group 4: Future Outlook - With comprehensive support from the Hemingway Capital, Zhonghuan New Energy is positioned to accelerate its overseas market expansion and build a dual-circulation development system [8]. - The ongoing high growth in performance is anticipated to enhance the company's intrinsic value, potentially providing sustainable long-term returns for investors [8].