7月15日，同力日升(605286)与中国移动通信集团甘肃有限公司(简称"甘肃移动")签署战略合作协议，双 方将发挥各自在通信、能源领域的核心优势，在通信与数据中心建设、5G+智慧能源应用、企业数字化 转型、绿色能源供应、智慧运维、新能源项目开发及技术交流等多个维度展开深度合作，共同推动产业 升级与绿色发展。 根据同力日升与甘肃移动签订的协议，双方将重点聚焦绿色能源协同、通信与数据中心合作、5G+智慧 能源创新、新能源项目联合开发等领域。在绿色能源协同方面，同力日升将发挥其在清洁能源领域的技 术与产能优势，为甘肃移动全国数据中心网络(尤其是甘肃节点)量身定制绿色能源解决方案，通过绿电 直供、绿证交易、碳资产管理等手段，提升甘肃移动信息基础设施的清洁能源消纳比例，有效降低碳排 放强度。在通信与数据中心合作方面，甘肃移动将依托其信息系统运营能力和数据中心建设经验，为同 力日升提供通信信息系统保障、业务运维服务，以及数据中心建设、算力服务和私有化云平台部署支 持，满足其绿电资产信息化系统及远程机房的安全稳定运行需求。在5G+智慧能源创新方面，双方将共 同探索5G专网整体解决方案、5G+智慧工地、5G+智慧风电与光伏 ...

Core Viewpoint - Jin Jing New Energy's latest financial report indicates significant progress in its transformation towards the green energy sector, showcasing a remarkable increase in revenue and a substantial reduction in losses [1][3][14]. Financial Performance - For the fiscal year 2025, Jin Jing New Energy reported revenue of approximately HKD 870 million, a year-on-year increase of 92.3%, while the loss attributable to shareholders was HKD 15.74 million, a significant reduction of 80% compared to the previous year's loss of HKD 78.86 million [1][4]. - The adjusted EBITDA for the fiscal year 2025 was HKD 44.76 million, a substantial improvement from a loss of HKD 40.06 million in 2024, indicating a turnaround in profitability [5][6]. Business Transformation - The company has successfully transitioned from traditional construction to focusing on green infrastructure, particularly in the recycling and utilization of power batteries, since its listing in 2018 [3][14]. - The revenue from reverse supply chain management and environmental services surged by 204.21% to HKD 696.19 million in 2025, accounting for nearly 80% of total revenue, highlighting the effectiveness of the company's strategic shift [4][3]. Market Trends - The global market for retired lithium batteries is expected to peak soon, driven by supportive policies from major countries, including China's new regulations on battery recycling [7][8]. - The anticipated retirement of approximately 300 GWh of batteries in China by 2030, along with similar trends in Europe and North America, presents a significant growth opportunity for Jin Jing New Energy [8][9]. Catalysts for Future Growth - The company is set to launch Hong Kong's first battery processing facility, which is expected to meet the battery processing needs outlined in Hong Kong's 2035 plan, with operations commencing in 2026 [9][10]. - Existing contracts with major clients, including leading electric vehicle manufacturers, are expected to contribute significantly to future revenue growth, with estimated disposal values exceeding HKD 30 billion [11][10]. - The establishment of a global lithium battery recycling network platform, in collaboration with other industry leaders, is anticipated to enhance the company's operational capabilities and market presence [12][13]. Market Recognition - The capital market has recognized the company's successful transformation, reflected in its stock price increase since 2022 and its inclusion in the MSCI index, indicating growing institutional interest [14].