Core Viewpoint - Ningxia Silver Star Energy Co., Ltd. held an online performance briefing on September 12, 2023, discussing the company's development and future plans in the renewable energy sector, particularly focusing on the application of artificial intelligence and the progress of various projects [2]. Group 1: Artificial Intelligence and Project Development - The company aims to build a smart management platform for renewable energy, leveraging the "large replaces small" project at Helan Mountain Wind Farm, with six centralized renewable energy stations already connected [2]. - The company is gradually promoting the use of drone inspections and fully automated monitoring technologies across its stations [2]. Group 2: Resource and Subsidy Management - The wind and solar resource conditions in the company's operational areas have improved compared to the same period last year [2]. - The company reports a positive trend in renewable subsidy settlement progress, and the "Ning Electric into Hunan" project enhances the grid's capacity to absorb energy, stabilizing the company's renewable energy output [2]. - The company is closely monitoring the market prices of green certificates to optimize revenue through timely trading [2]. Group 3: Financial Management and Project Costs - The unit cost of renewable wind power projects is in line with industry standards, and the company is actively developing distributed photovoltaic and green electricity direct connection projects to support the Aluminum Corporation of China [2]. - The company is focused on ensuring timely recovery of funds related to renewable subsidies, which are affected by the Ministry of Finance's disbursement schedule [2]. - The company has received approval for 18 distributed photovoltaic projects (capacity of 210.33 MW) for 2024, with 14 projects already connected to the grid [2].

Group 1: Company Operations and Strategy - The company aims to build a smart management platform for renewable energy, with a target of integrating 10 renewable energy stations and achieving a total capacity of 456,000 kW [1][2] - The company is actively promoting the use of drone inspections and fully automated monitoring technologies across its stations [2] - The company has received approval for 18 distributed photovoltaic projects with a total capacity of 210.33 MW, of which 14 projects have already been connected to the grid [6][7] Group 2: Financial Performance and Subsidies - As of mid-2025, the company's accounts receivable increased from 923.8 million yuan in 2021 to 2.945 billion yuan, a rise of 2.02 billion yuan over three and a half years [5] - The company reported that the renewable energy subsidy settlement progress is improving, with a total of 2.9 billion yuan in green electricity subsidies received in the first half of the year [2][5] - The company is closely monitoring the progress of government renewable energy subsidy payments to ensure timely recovery of funds [5][6] Group 3: Market and Resource Conditions - The wind and solar resource conditions in the Ningxia region have improved compared to the same period last year [2] - The "Ning Electric into Hunan" project is expected to enhance the overall consumption capacity of the Ningxia power grid, benefiting the company's renewable energy output [2][5] Group 4: Corporate Communication and Investor Relations - The company has established a market value management plan and adheres strictly to information disclosure regulations [2][5] - The company emphasizes its commitment to transparency and timely communication with shareholders regarding significant operational updates [5][6]