Core Insights - Beijing Hekang New Energy Technology Co., Ltd. (Hekang New Energy) reported impressive performance for the first half of 2025, with revenue reaching 4.497 billion yuan, a year-on-year increase of 163.06%, and a net profit of 71.18 million yuan, up 732.83% [1] - The company, a subsidiary of Midea Group, focuses on green energy solutions, household energy storage, photovoltaic grid-connected inverters, and high-voltage variable frequency drives [1] - Hekang New Energy's revenue in the renewable energy sector continues to grow rapidly, with significant advancements in its high-voltage variable frequency drive business within the nuclear power industry [1] Business Developments - In the first half of 2025, Hekang New Energy's self-developed high-voltage variable frequency drive successfully passed inspection by China National Nuclear Corporation and was delivered for the cooling water pump project of the Xudabao Nuclear Power Units 3 and 4, marking the first application of domestically produced high-voltage variable frequency drives in commercial nuclear power [1] - On August 19, 2025, Hekang New Energy signed a joint development agreement with the National Power Investment Corporation's core research platform to develop an intelligent high-voltage variable frequency drive speed control system for nuclear power, which will be applied to the "Guohe No. 1" nuclear power route [1] - This collaboration follows Hekang's previous support for the nuclear fusion project at the Southwest Institute of Physics, representing another significant milestone for the company [1] Industry Position - The high-voltage variable frequency drive technology in the nuclear power industry has substantial innovation potential, and Hekang plans to invest significant resources to break through technological boundaries and challenge foreign brand monopolies, thereby consolidating its existing advantages in the nuclear power sector [2]

Core Viewpoint - The strategic cooperation agreement between Tongli Risheng and Gansu Mobile aims to leverage their strengths in communication and energy sectors to promote industrial upgrading and green development [1][2]. Group 1: Areas of Cooperation - The partnership will focus on green energy collaboration, communication and data center cooperation, 5G+ smart energy innovation, and joint development of new energy projects [2]. - Tongli Risheng will provide customized green energy solutions for Gansu Mobile's national data center network, enhancing the clean energy consumption ratio and reducing carbon emissions [2]. - Gansu Mobile will support Tongli Risheng with communication system operations, data center construction, and private cloud platform deployment to ensure the stable operation of green energy assets [2]. Group 2: Technological and Operational Collaboration - Both companies will collaborate on smart operation guarantees, enterprise digital transformation, and technical exchange [3]. - They will build an intelligent operation guarantee system covering the entire power transmission and transformation industry chain [3]. - The partnership will also focus on cloud computing, big data, IoT, and AI to create an industry-level digital foundation [3]. Group 3: Infrastructure and Capacity Development - Gansu Mobile, as a key player in the "East Data West Computing" project, plans to develop a 140-acre intelligent computing room capable of supporting at least 160,000 card clusters [3]. - This cooperation marks a significant step for Tongli Risheng in expanding its new energy business into data centers and communication base stations [3]. - The collaboration aims to provide greener and lower-cost electricity solutions for data centers and communication base stations, supporting national new power system construction and green low-carbon transition strategies [3]. Group 4: AI Collaboration - Tongli Risheng is also advancing its AI collaboration through its joint venture with Alibaba, Xinfengwei, which is entering the AI industry [4]. - Xinfengwei plans to integrate resources from DingTalk and Alibaba Cloud to establish an "AI Innovation Empowerment Center" [4]. - The company has formed strategic partnerships with multiple listed companies to explore new paths for intelligent transformation [4].