Core Viewpoint - The company has been deeply engaged in the power industry, providing comprehensive power services that include design, construction, and operation and maintenance across various sectors such as data center substations, distribution rooms, and solar storage charging systems [1] Group 1: Business Overview - The company offers full-cycle power services, covering areas such as data center substations, distribution rooms, and solar storage charging [1] - The company has developed a digital twin visualization management platform and a remote online battery capacity testing system, applicable in smart operation and maintenance and battery reliability management [1] Group 2: Current Business Status - The company's aforementioned services have already been implemented in data center projects, although the current business proportion remains small [1] - Investors are advised to be aware of investment risks associated with the company's business activities [1]

Group 1: Company Performance and Financial Overview - The company experienced rapid growth from 2015 to 2022, with revenue milestones of over 3 billion in 2020, 3.5 billion in 2021, 4 billion in 2022, 5 billion in 2023, and 6 billion in 2024, indicating a steady growth trend [1] - In 2023 and 2024, overall gross margin declined, leading to a decrease in net profit due to market demand fluctuations, intensified competition, and cost changes [1] - The company's asset-liability ratio is expected to remain at a reasonable level, with asset growth primarily driven by construction projects and liabilities increasing due to contract liabilities from unfinished projects [2] Group 2: Business Composition and Future Outlook - The proportion of power engineering construction in the business structure increased to 54.78% in 2024, while the share of power consulting and design decreased to 24.16% [2] - Future business focus will include high-voltage power design and new energy design, with stable demand for substations and distribution rooms, and increased demand for photovoltaic and energy storage facilities [2] - The company plans to develop comprehensive energy services centered around "solar-storage-charging," including energy efficiency management and carbon services, targeting various user segments [3] Group 3: Strategic Planning and Industry Trends - The 14th Five-Year Plan emphasizes achieving carbon peak targets and establishing a clean, low-carbon, safe, and efficient new energy system by the end of the plan [2] - The company aims to accelerate the development of strategic emerging industries, increase the proportion of new energy supply, and promote green and low-carbon energy consumption [2] - The company is also focusing on innovative products like the "remote online capacity measurement system for batteries" to drive new business growth across various sectors [3]

Core Viewpoint - The company aims to become a leading comprehensive energy service operator in China while expanding into other areas of the industry chain [1] Group 1: Business Development - Since its listing, the company has focused on consolidating its main business while actively extending into other sectors [1] - The company has seen rapid growth in its "solar-storage-charging" related businesses, including consulting, design, engineering construction, and operation and maintenance [1] Group 2: Product Innovation - The company has launched a self-developed remote online battery capacity testing system, which has been applied in the electric power and petrochemical industries [1] Group 3: Strategic Approach - The company maintains an open attitude towards suitable acquisition targets, with specific details to be disclosed in accordance with relevant information disclosure regulations [1]

Group 1: Business Operations - The company has over 10% of its business in power consulting design, power engineering construction, and power equipment sales [2] - The demand for new energy consulting design, particularly in photovoltaic and energy storage, has increased, while demand for distribution network consulting design has decreased [2] - The company focuses on high-voltage main network consulting design and continues to expand its new energy consulting design business [2] Group 2: Financial Performance - The gross margin for 2023 and 2024 is expected to decline due to market demand fluctuations, intensified competition, and cost changes [4] - The company aims to optimize its business structure, expand its customer base, and increase revenue scale to maintain relative stability in gross margin [4] Group 3: Accounts Receivable Management - The increase in cash collection ratio despite industry downturn is attributed to improved accounts receivable management [5] - Accounts receivable management is a key internal control aspect, with payment collection linked to business performance evaluations [5] Group 4: Market Expansion Plans - The company plans to develop new customers in regions with expected growth in power grid investment, focusing on South China and Southwest areas [6] - Future expansion includes comprehensive energy services centered around "solar-storage-charging" for various user types, including industrial parks and communities [7] Group 5: Shareholder Engagement - The company's dividend plan is conducted in accordance with legal regulations and company bylaws [8] - A recent share buyback has been completed, with shares intended for equity incentives or employee stock ownership plans [8]

Group 1: Research Basic Information - The research object is Jingwei Co., Ltd., and the reception time is May 20, 2025. The listed company's reception staff includes the chairman Ye Xiaohua, the financial controller Huang Danyu, the board secretary Xu Jianzhen, the independent director Wang Fengxiang, and the sponsor representative Li Shouwei [16] Group 2: Detailed Research Institutions - The institution-related personnel are others, and the reception objects are all investors who participated in the company's 2024 annual performance briefing online [19] Group 3: Main Content Data - To enhance market competitiveness, the company will innovate in technology and service models, consolidate its integrated power service capabilities, and strengthen cooperation with strategic partners [23] - The significant decline in net profit in 2024 was mainly due to the overall decrease in industry gross profit margin and the narrowing of profit space [24] - The company is making arrangements in the development and construction of new energy assets according to industry and its own development [25] - The company has made arrangements in energy storage technology and market [27] - The company is actively looking for overseas market opportunities and will select potential target markets for expansion [27] - The company aims to become a leading integrated energy service operator in China, and will strengthen its integrated power service capabilities and build a comprehensive energy service system [28] - The company's short-term financial situation will not be under pressure due to sufficient funds and good bank credit [29] - The company has a sound internal control process to ensure the authenticity, accuracy, and completeness of financial data [31] - The company's battery remote online capacity verification system can achieve functions such as remote real - time monitoring and fault warning, and can be widely used in multiple fields [31]

Group 1: Market Competitiveness - The company aims to enhance its market competitiveness through over 10 years of experience in the power and renewable energy sectors and over 20 years of digital expertise, focusing on technological and service model innovations [2][3] - The company plans to strengthen its integrated service capabilities in power planning, design, engineering construction, and operation and maintenance, along with developing a one-stop smart application platform [3] Group 2: Financial Performance - The significant decline in net profit for 2024 is attributed to a decrease in overall industry gross margins, leading to a narrower profit margin [3] - The company has sufficient funds and good banking credit support, ensuring that short-term financial conditions will not be under pressure despite long investment cycles in renewable energy projects [4] Group 3: Future Investments and Strategies - The company is actively investing in the development and construction of renewable energy assets, with plans for new capital expenditures based on industry and internal development conditions [3] - The company is exploring opportunities in overseas markets, evaluating potential target markets based on market demand and its own business advantages [4] Group 4: Technological Developments - The company has established a layout in energy storage technology and market, indicating a commitment to innovation in this area [3] - The online remote battery capacity testing system allows for real-time monitoring, fault warning, health assessment, and lifespan prediction, enhancing operational efficiency and safety across various sectors [4] Group 5: Internal Controls and Reporting - The company has a comprehensive internal control process in place to ensure the authenticity and accuracy of financial data during the reporting process [4] - The recent investor relations activity did not involve any undisclosed significant information [4]