Core Viewpoint - The adoption of electric container trucks is rapidly increasing in domestic ports, driven by their environmental benefits and operational efficiency, with SANY Marine Engineering Co., Ltd. being a key supplier in this transition [1][2]. Group 1: Company Developments - SANY Marine Engineering has delivered 92 electric container trucks to Zhejiang Port Group, which now accounts for over 50% of their total container truck fleet [1]. - The electric container trucks provided by SANY have advantages over traditional fuel trucks, including a range of over 120 kilometers per charge and a maximum towing capacity of 70 tons [1]. - The operational data indicates that electric container trucks consume 12% less energy compared to other brands, potentially reducing carbon emissions by approximately 3,818 tons annually for each truck [1]. Group 2: Industry Trends - Multiple domestic ports, including Shanghai, Ningbo-Zhoushan, and Shenzhen, are increasingly adopting electric container trucks, supported by charging infrastructure and intelligent dispatch systems [2]. - The trend towards electric container trucks is becoming mainstream in large domestic ports, with expectations that by 2025, the electrification rate will exceed 30% in coastal ports and 20% in inland ports [2]. - The electric container truck market is projected to grow at an annual rate of 25% from 2025 to 2030, driven by policy support and global green infrastructure demands [3].

Group 1: Financial Performance and Future Plans - The company plans to distribute dividends for the 2024 fiscal year, pending approval at the annual shareholders' meeting [1] - The company aims for a year-on-year increase of over 100% in revenue from new energy sources by 2025 [4] - The company reported an increase of 8,126 employees compared to the end of 2023, with growth in various business sectors including engines and new energy [4] Group 2: New Energy Strategy - The company is actively promoting its new energy strategy, with a focus on enhancing its market presence in the new energy sector [4] - A new energy industrial park is being developed in Yantai, covering approximately 1,700 acres, which will produce 50GWh of power batteries and energy storage systems [2] - The first battery product from the new energy industrial park was launched on March 28, 2025, marking the start of production [2] Group 3: Market Challenges and Responses - The company faces challenges in the electric heavy truck market, where profits are significantly shared with partners like BYD and China National Heavy Duty Truck Group [2] - The company is leveraging its understanding of commercial vehicles and construction machinery to develop new energy products that meet market demands [2] - A cost-saving efficiency plan is expected to yield sustainable savings of approximately €140 million to €160 million annually by the 2026 fiscal year [3]