Group 1 - The core viewpoint of the news is that Huiyuan Communication's stock has been experiencing a decline, with a total drop of 7.07% over the past five days, closing at 11.97 yuan per share on September 4 [1] - The company, Sichuan Huiyuan Optical Communication Co., Ltd., was established on March 4, 1994, and listed on December 20, 1995. Its main business includes power optical cables, online monitoring, blown fiber cables, plastic optical fibers, and related products [1] - The revenue composition of the company is as follows: optical cables and fiber products account for 48.96%, online monitoring products 44.12%, communication engineering and system integration 3.51%, and others 3.40% [1] Group 2 - From the perspective of the top ten circulating shareholders, CITIC Prudential Fund has a fund that entered the top ten shareholders of Huiyuan Communication, holding 1.0402 million shares, which is 0.54% of the circulating shares [2] - The fund, CITIC Prudential Multi-Strategy Mixed (LOF) A, has a current scale of 1.245 billion yuan and has achieved a return of 34.49% this year, ranking 1664 out of 8180 in its category [2] - The fund managers, Jiang Feng and Wang Ying, have had varying performance, with Jiang achieving a best return of 107.9% and Wang a best return of 49.16% during their respective tenures [2]

Financial Performance - In 2024, the company achieved a revenue of 75.45 billion CNY, with a net profit of 6.47 billion CNY, reflecting a year-on-year growth of 37.69% [1] - The core business segments showed strong growth, with the automation business generating 8.56 billion CNY, a 37.5% increase year-on-year [1] - In Q1 2025, the company reported a revenue of 14.05 billion CNY, up 10.04% year-on-year, and a net profit of 1.2 billion CNY, increasing by 19.22% [2] Business Segments - The intelligent distribution and utilization business generated 43.24 billion CNY, marking a 17.06% growth [2] - The comprehensive energy and virtual power plant business achieved a revenue of 2.19 billion CNY, up 12.43% [2] - The overseas business generated 4.13 billion CNY, reflecting a 10.62% increase [2] Strategic Initiatives - The company is focusing on the automation business, particularly in areas like centralized control stations and intelligent monitoring, which have driven significant growth [2] - The company is actively expanding its virtual power plant capabilities, leveraging over 40 years of expertise in the energy sector [5] - The overseas market strategy includes products primarily in distribution networks, with successful entries into markets like Saudi Arabia and Uzbekistan [4] Future Outlook - The company plans to enhance its microgrid business, with ongoing projects in Yantai Airport and Maldives [6] - The demand for electric meters is expected to remain stable in 2025, with growth anticipated in high-end measurement segments [7] - The company is preparing for significant bidding opportunities in 2025, particularly in distribution network equipment [7] Dividend Policy - The company has approved a profit distribution plan for 2024, balancing investor returns with future growth needs [8] - A mid-term dividend plan for 2025 is under consideration, aiming for stable and sustainable shareholder value [8]