Core Insights - The company, Changgao Electric, has been a pioneer in the ultra-high voltage (UHV) industry in China for nearly 20 years, evolving from AC to DC transmission technologies and achieving significant advancements in product development and engineering installation [1][2][3] Group 1: Technological Advancements - Changgao Electric's UHV technology has developed in sync with China's UHV engineering applications, leading to innovations such as the world's first 8000A UHV DC isolating switch and the world's first ±1100kV UHV DC isolating switch [1][2] - The company has transitioned from traditional product development methods to digital simulation technologies, significantly enhancing R&D speed and reducing costs [2][3] Group 2: Market Position and Strategy - The company is positioned to capitalize on the increasing investments in the energy sector, particularly in the construction of clean energy bases in Northwest and Southwest China, with plans for numerous UHV projects in the coming years [2][3] - Changgao Electric is accelerating the application of Gas Insulated Switchgear (GIS) in the UHV field, which offers advantages such as reduced footprint and enhanced reliability [3] Group 3: Financial Performance - The latest financial report indicates that Changgao Electric achieved a revenue of 1.76 billion yuan and a net profit of 252 million yuan in 2024, marking a threefold increase compared to ten years ago [3]