Group 1: Investor Relations Activity Overview - The investor relations activity was conducted on July 9, 2025, at the company's meeting room in Huzhou, Zhejiang Province, with 12 participants from various securities firms and individual investors [3] - The company was represented by key personnel including the Chairwoman, General Manager, and Financial Officer [3] Group 2: Company Performance and Projects - The fundraising projects have been fully completed, with an expected capacity increase of 70,000 tons, addressing the company's capacity bottleneck [4] - The launch of the 20,000-ton ultra-high voltage project positions the company among the few capable of mass production of high and ultra-high voltage cable materials, enhancing its technical level and industry status [4] - Sales of 110kV high voltage products have commenced, with ongoing efforts to test and produce 220kV products [4] Group 3: Market Environment and Strategy - The downstream market demand was initially sluggish due to the Spring Festival but began to improve from March onwards [5] - Upstream material prices have stabilized after a rapid decline since December, although fluctuations remain due to international circumstances [5] - The company plans to closely monitor market dynamics and adjust strategies to maximize operational efficiency [5] Group 4: Future Business Development - In the short term, the company will focus on the economic benefits of the "special cable environmentally friendly polymer material industrialization expansion project," as well as expanding its flame-retardant materials business and overseas markets [6] - The long-term strategy involves concentrating on niche markets within the stable and broad application market of the wire and cable industry, continuously enriching the product series and strengthening brand advantages [6]

21世纪经济报道记者舒晓婷 北京报道 当前，中国全力推进碳中和目标，已成为全球能源转型的关键力量。同时，随着经济增长及电气化进程 加速，电力需求持续攀升。在此背景下，中国市场展现出前所未有的活力与潜力，为日立能源这样的技 术型企业提供了战略性的增长机遇。 "当前，许多共建'一带一路'国家的经济正处于快速发展阶段，对能源、基础设施等需求旺盛。中国企 业凭借技术和资金优势，能够为共建'一带一路'国家提供绿色能源解决方案，满足其对清洁能源的需 求，同时也迎来自身业务的飞速发展。"日立能源中国区高级副总裁、市场及营销负责人杨刚近日接受 21世纪经济报道记者专访时表示。 6月10日至12日，以"更好互联互通，更多合作共赢"为主题的第16届国际基础设施投资与建设高峰论坛 暨展览将在澳门举办。在以"融合共生，共筑可持续未来"为主题的分论坛上，杨刚将聚焦日立能源助力 全球合作伙伴开拓海外业务、共推能源转型进行主旨发言。他对21世纪经济报道记者称，"我们在海外 的业务发展紧密跟随中国企业在海外国家和地区的项目布局和规划，业务足迹主要分布在中东、非洲和 东南亚等。这些地区对电力需求的持续增长，以及对可再生能源的快速开发与利用，正 ...

Group 1: Financial Performance - In 2024, the company achieved revenue of 1.76 billion CNY, a year-on-year increase of 17.86% [3] - The net profit attributable to the parent company for 2024 was 252 million CNY, up 45.66% year-on-year [3] - In Q1 2025, the company reported revenue of 339 million CNY, a growth of 33.57% compared to the same period last year [3] Group 2: R&D and Product Development - The company invested 94 million CNY in R&D in 2024, accounting for 5.34% of total revenue, marking the highest investment in history [3] - New products, including 363kV and 800kV combination electrical devices, received full type test reports by the end of the reporting period [3] - In 2025, the company plans to focus on the R&D of 1000kV combination electrical products [3] Group 3: Operational Strategy - The company aims to fully initiate three major production base construction projects in 2025 [3] - The strategy includes focusing on core business and gradually exiting loss-making segments [3] - The company plans to enhance production capacity and efficiency at its three production bases [3] Group 4: Subsidiary Performance - Subsidiary Longgao Electric achieved revenue of 880 million CNY in 2024, with a net profit of 158 million CNY, reflecting a year-on-year revenue growth of 21.46% [3] - Longgao Switch reported revenue of 460 million CNY, with a net profit of 110 million CNY, marking a 30.37% increase in revenue [3] - The engineering and design segment generated over 90 million CNY in revenue, while Huawang Electric Power reported a loss of over 25 million CNY [3][4] Group 5: Market and Competitive Landscape - The company secured approximately 50 million CNY in high-voltage orders in 2024, contributing significantly to profits [4] - The competitive landscape in the power distribution market is expected to benefit from centralized procurement strategies by the State Grid [5] - Despite price reductions in bids, the overall tender volume growth may offset the impact on profits [5]