Core Viewpoint - The company held an earnings briefing on September 15, focusing on its business layout and financial status, highlighting its strengths in low-carbon smart heating solutions and semiconductor business development [1] Group 1: Smart Heating Business - The company positions itself as a provider of "one-stop low-carbon smart heating solutions," utilizing technologies such as AI Agent and digital twin, and has obtained 24 AI technology invention patents [2] - The RUNA - STORM AI smart heating system integrates multiple advanced technologies, achieving a leading level in smart heating management platforms in China [2] - The company aims to support national carbon reduction strategies through a diversified smart heating platform centered around cloud technology, offering comprehensive lifecycle solutions [2] Group 2: Semiconductor Business - The company is making steady progress in its third-generation semiconductor SiC business, with optimized processes ensuring stable crystal growth and production capabilities [3] - The carbon silicon powder has met standards and is in mass production, with ongoing upgrades to the dual-temperature zone crystal growth furnace [3] Group 3: Contract Energy Management - Contract Energy Management (EMC) is a key operational model for the company, providing heating energy-saving services and sharing profits with heating enterprises [4] - The company indicated that specific financial details regarding EMC's current order amounts and confirmation cycles will be available in future reports [4] Group 4: Financial Status and Improvement Plans - In the first half of the year, the company reported a revenue increase of 27.2% year-on-year and a net profit growth of 59.63%, although it still faced losses after deducting non-recurring items and negative operating cash flow [5] - The company attributed these results to seasonal impacts in the heating industry, with project implementation and payments concentrated in the fourth quarter [5] Group 5: Smart Hardware and Business Expansion - The company plans to increase R&D investment in smart hardware products, such as magnetic levitation heat pump units and intelligent IoT balancing valves, while enhancing product performance through AI technology [6] - Currently, there are no plans to expand into other industrial sectors or new energy-saving and environmental protection business areas [6] Group 6: Specialized and New Technology in Smart Cities - As a "specialized and innovative small giant" enterprise recognized by the Ministry of Industry and Information Technology, the company aims to strengthen its competitive position through continuous technological innovation [7] - The company is focusing on industrial internet technology to enhance its smart city construction efforts, developing a complete product system covering core aspects of heating systems [7] Group 7: Data and AI Technology Applications - The company currently uses accumulated heating data solely to provide energy-saving and carbon reduction services to heating companies, with no plans for market commercialization [8] - In AI smart heating, the company has established a multi-dimensional AI technology application system to improve heating efficiency and energy-saving effects, with no current plans to extend AI technology to other energy management fields [8]

Financial Performance - The company's revenue increased by 27.20% compared to the same period last year [1] - Net profit attributable to shareholders grew by 59.63% year-on-year [1] - The performance improvement is primarily due to the recognition of revenue from long-term energy management contracts signed last year [1] Business Model - The energy management service is a government-supported model that allows heating companies to upgrade their systems without upfront costs, minimizing risk while achieving energy savings [2] - The company utilizes a profit-sharing model for energy savings, which has shown good economic and energy-saving benefits during the reporting period [2] AI and Technology Integration - The AI algorithms can reduce heat consumption and carbon emissions by 10% to 30%, and electricity consumption by 30% to 50%, depending on various factors [3] - Key factors affecting these reductions include customer management practices, hardware performance, data accuracy, and the aging of existing equipment [3] AI Product Offerings - The company offers a comprehensive smart heating management platform that automates data collection and provides predictive algorithms for load forecasting and energy management [4] - The RUNA AI system integrates advanced natural language processing to enhance decision-making and customer service [4] - The STORM AI algorithm suite includes over 50 AI models tailored for the heating industry, focusing on load prediction and optimization [4] Digital Twin and Smart Hardware - The RUNA digital twin platform enables real-time monitoring and management of heating networks, enhancing operational efficiency [5] - Smart hardware products, such as high-efficiency magnetic levitation heat pump units, are designed for various heating scenarios and incorporate AI technology for optimized energy management [6] AI Capabilities - AI capabilities are integrated throughout the heating system's operational management, including precise load forecasting and intelligent scheduling to reduce energy consumption [6] - The system also features predictive maintenance capabilities to ensure stable operation and reduce maintenance costs [6] Strategic Focus - The company is currently focused on its core business and does not have plans for acquisitions at this time [6]

Core Viewpoint - The company has developed a smart heating system supported by cloud computing, big data, and artificial intelligence, addressing challenges in traditional heating methods and achieving the top comprehensive ranking among heating enterprises in Shijiazhuang for the 2024-2025 heating season [1] Group 1: Smart Control and Efficiency Improvement - The company has implemented a "smart heating system" since 2018, creating a three-tier intelligent control system covering "heat source - heat exchange station - heat user" [3] - The smart heating management platform allows for dynamic optimization of heat network resources, reducing the scheduling cycle from 2 hours to under 20 minutes [3] - Energy consumption has decreased, with a 1.1 watt/m² reduction in heat consumption compared to the previous heating season, and a continuous decline in single consumption indicators [3][4] Group 2: Safety and Risk Management - The company has integrated AI technology into heating dispatch, equipment operation, and pipeline inspection, enhancing safety management [5][7] - A smart management system monitors various risks in real-time, improving risk response speed by 80% and preventing losses of over 2 million yuan [7] - The response time for identifying and addressing hazards has been reduced from 2 hours to 10 minutes, ensuring stable heating for residents [8] Group 3: User Experience and Service Innovation - The company has deployed over 14,000 temperature collection devices for more than 300,000 households, allowing for precise control of indoor temperatures above 18°C [9] - A user digital profile system has been established to match service needs accurately, enhancing user satisfaction and reducing complaint rates [9][10] - The company has integrated multiple service channels, including smart customer service robots and mobile applications, achieving a 95% accuracy rate in responses [10]

Group 1 - The transformation of scientific and technological achievements into practical productivity is challenging, as demonstrated by Dalian KOTIAN New Materials Co., Ltd.'s ceramic aluminum seed preparation technology, which underwent over 4,000 trials before successful commercialization [1] - The company's ceramic aluminum brake disc product is lightweight and significantly improves tensile strength and wear resistance, with applications in automotive lightweighting, shipping, rail transportation, and aerospace, yielding substantial economic and social benefits [1] - In the first half of the year, the province's technical contract transaction volume reached 75.43 billion yuan, a year-on-year increase of 22.7%, surpassing the national average by 9 percentage points [1] Group 2 - A new smart heating management platform developed by Dalian Maritime University and Dalian Thermal Power New Energy Application Technology Research Institute has reduced heat loss by 550,000 GJ annually, saving 27.5 million yuan in heating costs [2] - The province has initiated the "Enterprise Technology Special Commissioner" program, deploying over 800 special commissioners to assist companies with technology, platforms, talent, finance, and achievement transformation [2] Group 3 - The province has established a technology achievement database with 4,449 high-maturity and high-conversion technology achievements from over 100 universities and research institutions, promoting them to local enterprises [3] - A comprehensive service platform for technology achievement transformation has been created, utilizing AI to match supply and demand, linking resources such as shared large instruments and enterprise technology special commissioners [3] Group 4 - The Shenyang Clean Combustion and Energy Storage Technology Pilot Base has incubated over 230 technology enterprises, contributing to the transformation of scientific achievements and the cultivation of innovative clusters [4] - The base has successfully nurtured one national-level specialized "little giant" enterprise and four enterprises with annual output exceeding 100 million yuan [4] Group 5 - The province is enhancing pilot testing base construction, evaluating performance and establishing a service network to accelerate the verification of scientific achievements [5] - The province has been actively cultivating technology service institutions and organizing over 200 professional technology transfer events to foster collaboration between enterprises and research institutions [5] Group 6 - In the first half of the year, 77 projects for the transformation of scientific achievements from universities and research institutions were supported with funding of 28.88 million yuan [6] - The continuous improvement of transformation pathways is facilitating the integration of scientific achievements into the industrial supply chain, promoting innovation across industries and markets [6]