Core Insights - Southern Power Grid has completed a deep organizational restructuring to establish a modern governance system suitable for the new power system, setting a benchmark for industry transformation [1][3] - The group's total assets have reached 1.3491 trillion yuan, with 266,000 employees and a structure comprising 21 functional departments, 27 secondary subsidiaries, and 3 major listed platforms [1] Key Adjustments - The disciplinary inspection and supervision group has been upgraded to a central supervisory body, breaking the supervision dilemma through national oversight [3] - Brand management functions have been integrated into the corporate structure department to enhance brand recognition for emerging businesses [3] - The power distribution department has been expanded to include energy storage, elevating energy storage to a core business position [3] - The power dispatch center has been upgraded to the "China Southern Power Dispatch Control Center," enhancing cross-regional dispatch and renewable energy absorption capabilities [3] - The classification management has been replaced with unified headquarters control to address resource fragmentation issues [3] Transformation Outcomes - Southern Power Grid's energy storage segment reported a net profit increase of 32.93% year-on-year in the first half of the year [3] - Among 10 ongoing pumped storage projects, the Nanning and Meizhou Phase II projects are set to commence operations by the end of the year, with new energy storage capacity reaching 654,200 kWh [3] - The Yunnan Baochi energy storage station has surpassed 100 million kWh in charge and discharge volume, setting multiple world technology records [3] - The release of the Digital Hong Internet of Things Operating System 3.0 connects over 500 ecological partners, reducing hardware costs by 40% [3] - This transformation signifies a shift for state-owned power enterprises from "generation, transmission, and distribution" to becoming "energy storage service providers, digital solution providers, and energy ecosystem builders," guiding industry development [3]