Core Viewpoint - China Anshun Energy Group Limited (Hong Kong Stock: 02399.H.K) has completed the acquisition of a utility-scale electrochemical energy storage project in Ningxia, China, which is now operational and supports multiple revenue models, contributing to regional grid stability and laying the foundation for future scalable operations [1] Group 1 - The newly acquired energy storage project provides peak shaving, frequency regulation, and ancillary services, enhancing the operational capabilities of the regional power grid [1] - The importance of new energy storage is increasing in the context of global energy structure adjustments and the ongoing green low-carbon transition, as it enhances power system flexibility and ensures grid security [1] - During the 14th Five-Year Plan period, new energy storage is transitioning from a "supporting facility" to a "fundamental and strategic asset" in the resilience construction of power systems [1] Group 2 - China Anshun Energy is accelerating its global layout and cooperation in power and energy storage assets while advancing domestic project operations [2] - The company is preparing and evaluating investment cooperation for energy storage projects in regions including China, Norway, Dubai, and Southeast Asia, aiming to share long-term returns from high-quality overseas power assets while effectively controlling risks [2] - The management emphasizes prioritizing energy transition trends by selecting energy storage and power infrastructure assets with clear cash flow mechanisms and replicable operations, thereby enhancing project selection, operational management, and risk control capabilities [2]