Core Viewpoint - Ningbo Energy announced the establishment of a wholly-owned subsidiary, Wangjiang Comprehensive Energy, to develop a compressed air centralized gas supply project, aiming to support the company's industrial transformation and upgrade goals [2]. Group 1: Investment and Subsidiary Formation - Ningbo Energy's wholly-owned subsidiary, Wangjiang Thermal Power, has invested cash to establish Wangjiang Comprehensive Energy with a registered capital of 15 million yuan [2]. - The investment decision falls within the management's approval authority and does not require board or shareholder review [2]. - The investment does not involve related transactions and does not constitute a major asset reorganization as defined by regulations [2]. Group 2: Revenue Composition - For the year 2024, Ningbo Energy's revenue composition is as follows: 64.23% from the power industry, 28.3% from commodity trading, and 7.47% from other businesses [2].

Core Viewpoint - Ningbo Energy (600982.SH) aims to expand its comprehensive energy projects to support its industrial transformation and upgrading goals by establishing a wholly-owned subsidiary, Wangjiang Comprehensive Energy, to develop a compressed air centralized gas supply project [1] Group 1 - Ningbo Energy's wholly-owned subsidiary, Wangjiang Thermal Power, has invested cash to establish Wangjiang Comprehensive Energy with a registered capital of 15 million yuan [1]