Core Insights - The company achieved significant growth in the first half of 2025, with operating revenue reaching 4.497 billion yuan, a year-on-year increase of 163.06%, and a net profit attributable to shareholders of 71.1837 million yuan, up 732.83% [1] - As a key platform for Midea Group's strategic layout in green energy, the company focuses on three core business segments: green energy solutions, household energy storage, and photovoltaic grid-connected inverters [1][3] - The company is actively expanding its market presence in green energy solutions, leveraging Midea Group's advantages in the energy sector to develop a virtual power plant aggregation platform [1] Green Energy Solutions - The company has made progress in its household photovoltaic EPC business, commercial photovoltaic EPC business, and Midea Green Electricity Solutions, achieving varying degrees of market expansion [1] - The company is working on integrating distributed photovoltaic generation, energy storage, and charging piles to enhance energy data monitoring and unified control [1] Household Energy Storage - The company has established localized marketing and after-sales service teams in Europe, Australia, and other emerging markets, leading to a steady improvement in household energy storage orders [2] - Production of household energy storage products is ramping up at the Beijing production base, with new products expected to launch in Q4 of this year [2] High Voltage Frequency Converters - The company is transitioning from equipment supply to a comprehensive energy-saving solution that includes "equipment + system + service," addressing the energy-saving upgrade needs in the industrial sector [2] - A joint development agreement was signed with the National Nuclear Power Investment Group to develop an intelligent high-voltage frequency converter speed control system [2] Research and Development - The company has a solid technical foundation and quality customer resources, supported by Midea Group's commitment to its business development and brand utilization [3] - Continuous investment in R&D and manufacturing is aimed at achieving self-reliance in key elements affecting product service and value chain efficiency [3] - The company has established two R&D bases and collaborates with Midea Group's research institutes and third-party organizations to drive technological innovation [3]