Core Viewpoint - Recently, Weile Pump (Lianshui) Co., Ltd. was established with a registered capital of 1 million RMB, indicating a new player in the pump and valve manufacturing industry [1] Company Overview - The legal representative of Weile Pump (Lianshui) Co., Ltd. is Yan Qiyuan [1] - The company has a registered capital of 1 million RMB [1] Business Scope - The company’s business scope includes the manufacturing and sales of ordinary valves and cocks, excluding special equipment manufacturing [1] - Additional activities include research and development of valves and cocks, sales of environmental protection equipment, construction materials, fire-fighting equipment, security equipment, pumps, vacuum equipment, and various control devices [1] - The company is also involved in the sales and manufacturing of metal products, new catalytic materials, and specialized chemical products, excluding hazardous chemicals [1] - Other services include retail of protective equipment for medical personnel, manufacturing and repair of specialized equipment, and research and development of machinery and instruments [1]

Group 1 - Chengdu Weiba Electronic Technology Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Li Xiaohui [1] - The business scope includes technology services, development, consulting, and various sales of electronic products, machinery, and hardware [1] Group 2 - The company is authorized to conduct business activities independently based on its business license, except for projects that require approval [1]

Core Viewpoint - The establishment of Taizhou Times Electric Service Technology Co., Ltd. indicates a strategic move by Ningde Times to expand its presence in the electric vehicle and related infrastructure market, with a registered capital of 5 million RMB [1]. Company Information - Taizhou Times Electric Service Technology Co., Ltd. was founded on September 19, 2025, with a legal representative named Feng Li [3]. - The company is wholly owned by Times Electric Service Technology Co., Ltd., which is a subsidiary of Ningde Times [1][4]. - The registered capital of the company is 5 million RMB [1][3]. - The business scope includes sales of new energy vehicles, operation of electric vehicle charging infrastructure, sales of battery swap facilities, and sales of electric vehicle accessories [1][3]. Business Operations - The company is involved in various activities such as technology services, technical development, technical consulting, and sales of electric vehicle-related products [3]. - It also provides services related to the installation of general mechanical equipment, maintenance of motor vehicles, and retail of computer hardware and software [1][3].

Core Insights - Changzhou Huineng Zhidian Electric Technology Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The company is involved in various sectors including electrical installation services, technology services, and manufacturing of electrical equipment [1] Company Overview - The legal representative of the company is Qiu Fenlin [1] - The company’s business scope includes licensed projects that require approval from relevant authorities before operation [1] - General projects include technology development, consulting, and promotion, as well as smart control system integration [1] Industry Activities - The company engages in the manufacturing and sales of power distribution and control equipment, IoT devices, and various electrical products [1] - It also provides services related to information system integration and environmental monitoring instruments [1] - The company is involved in the import and export of goods and offers agency services for imports and exports [1]

Group 1 - Yancheng Heshun Electric Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Shan Jianling [1] - The company's business scope includes research and development of motors and control systems, manufacturing of distribution switch control equipment, and sales of smart power distribution and control equipment [1] Group 2 - The company also engages in the sale of electrical equipment, electrical accessories, wires, and cables [1] - It provides industrial automation control system devices, industrial internet data services, and information system operation and maintenance services [1] - Additional services include sales of instruments and meters, as well as repair of electrical equipment [1]

Core Insights - Guangdong Shengshi Jingru Energy-saving Technology Co., Ltd. has been established with a registered capital of 50 million RMB [1] Company Overview - The company operates in various sectors including intelligent basic manufacturing equipment manufacturing, sales of intelligent power distribution and control equipment, and smart control system integration [1] - It also engages in the manufacturing and sales of IoT devices, internet data services, and industrial internet data services [1] - Additional activities include technical services, development, consulting, and technology transfer, as well as import and export of goods [1] Manufacturing and Sales - The company is involved in the manufacturing and sales of plastic products, specialized equipment for plastic processing, and general machinery [1] - It also provides machinery equipment leasing, research and development, and sales of metal structures and general components [1]

Group 1 - The company’s wholly-owned subsidiary, Yantai Dongfang Wisdom Electric Co., Ltd. (Wisdom), plans to bid for a disaster recovery center construction project in Nepal, requiring the company to provide a performance guarantee for Wisdom [1] - The guarantee will take effect upon Wisdom winning the bid and signing the project contract, remaining valid until all obligations under the contract are fulfilled; if Wisdom does not win, the guarantee will automatically become invalid [1] - The guarantee amount is not disclosed as it does not meet the threshold for shareholder meeting approval, and detailed information will be disclosed in future project progress announcements if Wisdom wins the bid [1] Group 2 - Wisdom's financial data as of March 31, 2025, shows total assets of 553,977.73 million yuan, total liabilities of 282,319.27 million yuan, and net assets of 271,658.45 million yuan [2] - The asset-liability ratio decreased from 51.7% to 51.0%, indicating a stable financial position [2] - Wisdom's operating income for the period was 50,314.22 million yuan, with a net profit of 5,541.09 million yuan, reflecting a solid performance [2] Group 3 - The company does not need to sign a guarantee agreement, as the board has approved the performance guarantee letter to be issued according to bidding project requirements [3] - The board believes that Wisdom's stable production and good financial condition justify the performance guarantee, which aligns with the company's interests and aims to expand its overseas market [3] - As of the announcement date, the company has no overdue guarantees or violations, with a total external guarantee balance of 0 yuan and a guarantee balance for its subsidiary of 774,700 yuan, representing 0.02% of the latest audited net assets [3]