State Power Rixin Technology (301162)2024-12-19 10:38Group 1: Investor Relations Activities - The company is progressing with the issuance of A-shares to specific investors, having received feedback from the Shenzhen Stock Exchange on December 11, 2024 [2] - As of the end of 2023, the company serves 3,590 renewable energy power stations, with a renewal rate of over 95% as of Q3 2024 [2] Group 2: Distributed Photovoltaic Forecasting - The distributed photovoltaic sector is experiencing annual growth, with the National Energy Administration emphasizing the need for "observable, measurable, adjustable, and controllable" management requirements [3] - By the end of Q3 2024, the company has signed contracts with some distributed photovoltaic forecasting clients, although these orders represent a small percentage of the overall forecasting business [3] Group 3: Power Market Development - The construction of electricity spot markets is steadily advancing, with pilot projects expanding to 14 provinces, and markets in Shanxi, Guangdong, and Gansu now operational [5] - The company anticipates that market-based trading volumes will gradually increase, with renewable energy playing a more significant role in the market [5] Group 4: AI Model Impact - The company has made progress in developing a specialized meteorological prediction model, which has been officially released and shows significant improvements in forecasting accuracy for wind and solar power [7] - The application of this model across various business lines is expected to enhance product competitiveness and cost-effectiveness [7]