Core Viewpoint - Midea Group's subsidiary, Hakon New Energy, reported significant growth in revenue and net profit for the first three quarters of 2025, indicating a robust business performance and successful project acquisitions in the renewable energy sector [1] Financial Performance - Hakon New Energy achieved a revenue of 6.181 billion yuan, representing a year-on-year increase of 98.61% [1] - The net profit attributable to shareholders reached 73.9959 million yuan, showing a remarkable year-on-year growth of 584.40% [1] - In Q3 alone, the company recorded a revenue growth of 20.08% and a net profit increase of 24.18% compared to the same quarter last year [1] Business Developments - The company secured multiple orders in the high-voltage frequency conversion business related to nuclear power projects [1] - Hakon New Energy participated in the world's first "dual-tower single machine" solar thermal storage power station project, enhancing its product and technology recognition [1] - The company completed its first batch of green certificate applications and green electricity transactions, indicating progress in its photovoltaic EPC platform transformation [1] Product Innovations - Since June, the company has ramped up production of its first-generation overseas household energy storage products, with installations delivered in Europe and Australia during Q3 [1] - New products, including the second-generation household energy storage integrated machine and split machine series, are expected to be launched in Q4 [1]

Core Viewpoint - Beijing Hekang New Energy Technology Co., Ltd. reported significant growth in revenue and net profit for the first three quarters of 2025, indicating a robust business performance [1]. Financial Performance - The company achieved total revenue of 6.182 billion yuan, representing a year-on-year increase of 98.61% [1]. - The net profit attributable to shareholders reached 73.9959 million yuan, showing a substantial year-on-year growth of 584.4% [1]. - In Q3 alone, the company generated revenue of 1.685 billion yuan, which is a 20.08% increase compared to the same quarter last year [1]. - The net profit for Q3 was 2.8122 million yuan, reflecting a year-on-year growth of 24.18% [1]. Business Developments - Hekang New Energy secured multiple orders for its high-voltage variable frequency business from nuclear power projects [1]. - The company participated in the world's first "dual-tower single machine" solar thermal storage power station project, which has received recognition for its products and technology [1]. - Hekang New Energy's subsidiary completed its first batch of green certificate applications and green electricity transactions, indicating a shift towards a stable and reliable renewable energy supply platform [1]. - The company has begun ramping up production of its first-generation overseas household energy storage products since June, with installations in Europe occurring in Q3 [1]. - New products, including the second-generation household energy storage integrated machine and separate machine series, are expected to be launched in Q4 [1].