Core Viewpoint - The company has a strong technical foundation and extensive project experience in the energy storage sector, having fully developed and produced core control units for energy storage systems such as PCS, BMS, EMS, DC/DC, and O&MS [1] Group 1: Company Overview - The company has achieved comprehensive self-research and production capabilities for core control units in energy storage systems [1] - The company offers complete station solution services in the energy storage field [1] Group 2: Project Development - The initial planned production capacity of the energy storage production base in Indonesia is 3 GWh, with future adjustments based on business development and market expansion needs [1] - The project is currently under construction and is scheduled to commence production in 2026 [1]

Group 1: Revenue Structure - The company's main business segments are smart grid and energy storage, contributing 48.74% and 49.83% to total revenue respectively in the first half of 2025 [1] - Domestic and international market revenues account for 50.22% and 49.78% of total revenue respectively, with growth driven primarily by overseas energy storage orders [1] Group 2: Competitive Advantages - The company has nearly 30 years of experience in the power industry, with comprehensive self-research capabilities in core energy storage system components [2] - It offers a full lifecycle service for energy storage systems, covering everything from product selection to after-sales service [2] Group 3: Market Expansion - The company is focusing on both domestic and international markets, targeting strategic clients such as state-owned enterprises in China and establishing localized teams in the Americas and Europe [3] - It aims to penetrate the Asia-Pacific and Middle East markets through regional marketing teams and partnerships [3] Group 4: Future Product Development - The company is committed to the iterative application of new technologies and innovative product development, closely monitoring industry trends and market demands [4] Group 5: Production Capacity - The initial planned capacity for the energy storage production base in Indonesia is 3 GWh, with adjustments based on business development needs, and it is expected to commence production in 2026 [5] Group 6: Performance Goals - The performance target for 2025 is a revenue increase of no less than 43% compared to 2023, with a net profit target of at least 0.2 billion [7] - The company is poised to benefit from the acceleration of investment in the power sector and the promotion of green electricity trading, which expands the market for energy storage [7]

Core Insights - The energy storage system bidding scale in October reached 3.2GW/12.6GWh, showing a year-on-year increase of 56.6% in power and 116.8% in energy, but a month-on-month decrease of 39.6% in power and 37.9% in energy [2][4] - The EPC (including PC) bidding scale was 6.0GW/15.1GWh, with a year-on-year increase of 58.4% in power and 43.5% in energy, but a month-on-month decrease of 32.3% in power and 35.5% in energy [2][4] - The decline in bidding scale is attributed to the seasonal adjustment in the bidding market as project construction progresses towards the end of the year [4] Bidding Scale - The energy storage system bidding scale in October continued its downward trend, with a significant year-on-year increase but a month-on-month decline [3] - The total number of bidding segments tracked was 157, which is a decrease of 4.8% year-on-year and 31.4% month-on-month [2] Regional Distribution - Ningxia led the national EPC bidding scale in October with 3.46GWh, primarily due to multiple projects in the Zhongwei area [7] - Xinjiang ranked among the top three in national EPC bidding scale for six consecutive months, with a focus on grid-structured projects [8] - Henan's EPC bidding scale reached 1.8GWh, with over 50% from user-side projects [8] Bidding Prices - The average bidding price for 2-hour energy storage systems was 576.7 yuan/kWh, showing a slight year-on-year decrease of 0.3% and a month-on-month decrease of 2.3% [12] - The average bidding price for 4-hour energy storage systems increased by 45.9% month-on-month, primarily due to several grid-structured projects [12] - The average bidding price for EPC projects was 1061.9 yuan/kWh for 2-hour systems, reflecting a year-on-year increase of 13.3% but a month-on-month decrease of 2.5% [15]

Core Viewpoint - The article discusses the public bidding announcement for a 300MW/600MWh electrochemical energy storage project in Guancounty, highlighting the procurement details and requirements for potential bidders [2][3]. Procurement Scope - The procurement includes the purchase of equipment for the AC system of the 300MW/600MWh energy storage project, covering PCS, EMS, cables, and other related devices [3]. Bidder Qualification Requirements - Bidders must be legally registered independent entities in China with the ability to assume civil liability [3]. - Bidders should not have been ordered to cease operations, under property management, or declared bankrupt in the last three years [3]. - Bidders must not be listed as serious violators by the industrial and commercial administration [3]. - Bidders should have no significant legal violations in contract performance as per the Chinese judiciary [3]. - Bidders must not be listed as untrustworthy by the national enforcement information public network [3]. - Bidders need to demonstrate good financial health with audited financial statements for the past three years [3]. - Bidders must not be blacklisted by China Energy Construction Corporation or the procurement company [3]. - Bidders should have supplied at least 500MWh of energy storage equipment in the last three years, including at least one project of 100MW or more [3]. - Bidders must possess independent R&D and production capabilities for AC side equipment, including relevant intellectual property certifications [3]. - Joint bids and subcontracting are not accepted for this procurement [3]. Procurement Document Acquisition - Procurement documents can be downloaded from the China Energy Construction electronic procurement platform from October 24, 2025, to October 30, 2025 [3]. Bid Submission - The deadline for bid submission is set for October 30, 2025, at 13:00 [3]. - Bids must be submitted online through the China Energy Construction electronic procurement platform [3]. Opening Time and Location - The bid opening will occur online on October 30, 2025, at 13:00 via the electronic procurement platform [3]. Other Announcement Content - The procurement announcement is published on the China Procurement and Bidding Public Service Platform and the electronic procurement platform [3].

Core Viewpoint - The company, Zhongzhi Technology, is actively involved in the renewable energy sector, providing control systems and products that support offshore and onshore wind power projects, as well as energy storage systems [2] Group 1: Product Offerings - The company's controller series products are applicable for generator control systems and distribution systems in offshore and onshore wind power projects [2] - The renewable energy segment includes products such as Energy Management Systems (EMS), Battery Management Systems (BMS), Power Conversion Systems (PCS), and energy storage cabinets [2] Group 2: Industry Impact - The company's products enable multi-energy complementarity with wind, solar, oil, and gas, addressing the needs of smart microgrids and related energy storage systems [2] - The offerings contribute to the construction of a sustainable energy ecosystem [2]

Group 1 - The company, Zhongzhi Technology, confirmed that its controller series products can be applied in offshore and onshore wind power projects for generator control systems and distribution systems [2] - The company's new energy sector products, such as EMS, BMS, PCS, and energy storage cabinets, enable multi-energy complementarity with wind, solar, oil, and gas, meeting the needs of smart microgrids and related energy storage systems [2] - The company's efforts contribute to the construction of a sustainable energy ecosystem [2]

Core Viewpoint - The company, Kelu Electronics, clarified that it does not engage in the production of energy storage cells, but has successfully developed and produced core control units for energy storage systems, including PCS, BMS, EMS, DC/DC converters, and O&MS [1] Group 1 - The company confirmed its non-involvement in energy storage cell production [1] - The company has achieved self-research and self-production of key components for energy storage systems [1]

Core Viewpoint - The company, Kelu Electronics (002121.SZ), has clarified that it is not involved in the production of energy storage cells, but has successfully developed and produced core control units for energy storage systems, including PCS, BMS, EMS, DC/DC converters, and O&MS in-house [1] Group 1 - The company does not engage in the production of energy storage cells [1] - The company has achieved self-research and production of key components for energy storage systems [1] - The core control units developed include PCS, BMS, EMS, DC/DC converters, and O&MS [1]

Core Insights - The article provides an analysis of the energy storage bidding market in September, highlighting trends in bidding segments and technological diversification in energy storage solutions [2][3]. Bidding Market Overview - In September 2025, a total of 247 bidding segments were tracked, representing a year-on-year decrease of 7.8% but a month-on-month increase of 4.2%. This includes various categories such as EPC, energy storage systems, batteries, and more [4]. - The bidding segments for energy storage systems totaled 59, down 35.9% year-on-year but up 3.5% month-on-month. EPC bidding segments reached 160, showing a year-on-year increase of 3.2% and a month-on-month increase of 9.6% [5]. Bidding Scale - The EPC bidding scale reached a historical high of 12.4 GW/32.4 GWh, reflecting a year-on-year increase of 52.9%/47.3% and a month-on-month increase of 21.3%/4.3%. The energy storage system bidding scale was 2.9 GW/9.3 GWh, with a year-on-year increase of 58.4%/125.3% but a month-on-month decrease of 34.4%/43.4% [6][8]. Application Distribution - In September, the EPC bidding scale growth was primarily driven by grid-side projects, reaching 29.4 GWh (90.7% of total), with a year-on-year increase of 124.6% and a month-on-month increase of 13.1%. User-side bidding also saw significant growth, reaching 2.1 GWh, up 177.5% year-on-year and 78.9% month-on-month [10]. Technological Diversification - The bidding projects in September exhibited a notable trend towards technological diversification. Lithium-ion batteries remained dominant at 86.7%, but there was a decrease compared to previous months. Non-lithium storage technologies, such as compressed air and flow batteries, showed active participation [12][14]. Bidding Entities - The number of bidding entities for energy storage systems totaled 60, down 33.3% year-on-year but up 1.7% month-on-month. For EPC, there were 138 entities, showing a slight year-on-year decrease of 0.7% but a month-on-month increase of 12.2% [14].

Core Viewpoint - The company, Topband Co., Ltd. (002139.SZ), has indicated that its products, including BMS, PCS, EMS, and battery cells, are applicable in the energy storage sector. Additionally, the company has developed a self-researched "Zero Carbon Cloud" platform that enhances the integrated operational efficiency of energy storage systems [1]. Group 1 - The company's BMS, PCS, EMS, and battery cells can be utilized in the energy storage field [1] - The self-developed "Zero Carbon Cloud" platform improves the collaborative operational efficiency of energy storage systems [1]