Business Progress - The company won a procurement project from China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd. with a bid amount of 16.3864 million yuan, involving power system integration services [2] - The company introduced the "Internet of Things" concept, reflecting its business expansion in the smart grid sector [2] Product Development Progress - The company announced that its self-developed multimodal large model product has been deeply applied in the field of intelligent inspection of power grids, enhancing inspection efficiency [3] - The company launched an AI application racing plan aimed at building an AI intelligent organization to strengthen the implementation of artificial intelligence in power systems [3] Strategic Advancement - The company established a joint venture, Zeyu Intelligent (Guangzhou) Electric Power Co., Ltd., holding a 70% stake, further expanding its presence in the regional power market [4] - The company reached a strategic cooperation agreement with Yundongchu Technology on December 25, 2025, focusing on upgrading power inspection and digital transformation [4] Industry Policy Status - The company's business continues to focus on ultra-high voltage, smart grids, virtual power plants, and energy storage, aligning with the new power system construction policies [5] - The State Grid plans to increase fixed asset investment during the "14th Five-Year Plan" period, which may present opportunities for the industry [5]

Core Viewpoint - Zeyu Intelligent (301179.SZ) has developed a multi-modal large model product that is significantly applied in the smart inspection of power grids, achieving high detection rates and low false detection rates, which has garnered high recognition in the industry [1] Group 1 - The company’s technology features breakthrough indicators such as high detection rates, low false detection rates, and strong generalization capabilities [1] - The company is continuously advancing technology iterations and upgrades in the field of smart power grid inspection [1] - A strategic cooperation with Cloud Deep Technology is set to be established by the end of 2025 to create more efficient and reliable intelligent solutions for power inspection [1]