Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [5][11]. Core Insights - The company reported a revenue of 320 million RMB for the first half of 2025, representing a year-on-year increase of 43.2%, with a net profit of 50 million RMB, up 32.5% year-on-year [2]. - The power forecasting business is experiencing rapid growth, with a revenue of 210 million RMB in H1 2025, a 55.1% increase year-on-year, and a market share that remains leading in the industry [3]. - The company is expanding its innovative product lines, with a revenue of 16.16 million RMB in H2 2025, reflecting a 1.5% year-on-year growth, indicating the emergence of a second growth curve [4]. Summary by Sections Performance Review - In H1 2025, the company achieved a revenue of 320 million RMB, with a gross margin of 61.4%, down 5.9 percentage points year-on-year [2]. Operational Analysis - The power forecasting business added 1,116 new service stations, bringing the total to 5,461, with a revenue of 210 million RMB and a gross margin of 61.6% [3]. - The grid control segment generated 51.02 million RMB, a decrease of 4.6% year-on-year, while the renewable energy management segment saw a revenue drop of 35.9% to 8.36 million RMB [3]. Innovation and Growth - The company is focusing on innovative products, with developments in power trading, energy storage, virtual power plants, and microgrids, indicating a diversification of its revenue streams [4]. Profit Forecast and Valuation - The projected net profits for 2025-2027 are 130 million RMB, 160 million RMB, and 210 million RMB respectively, with corresponding P/E ratios of 56, 44, and 34 [5].