SOJO(300444)2025-01-13 10:58Company Overview - Beijing Shuangjie Electric Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2015 under stock code 300444.SZ [2] - The company has over 2,000 employees and six production bases located in Beijing, Hefei, Inner Mongolia, Xinjiang, Wuxi, and Hubei [2] - In the first three quarters of 2024, the company achieved operating revenue of ¥2,563,843,911.84, a year-on-year increase of 0.54%, and a net profit of ¥116,253,194.83, a year-on-year increase of 11.35% [2][3] New Energy Business Development - The company entered the new energy sector in 2015, focusing on photovoltaic projects and expanding into charging and energy storage products by 2018 [4] - As of 2023, the new energy business is in a rapid growth phase, with significant achievements in technology innovation and market expansion [4] - The company’s new energy business primarily focuses on downstream activities, including investment in photovoltaic power plants and EPC engineering [5] Power Distribution Business Trends - The power distribution industry is increasingly emphasizing green technology and energy efficiency, with a focus on remote monitoring and predictive maintenance [6] - The company has developed its own distribution equipment, including ring main units and switchgear, to meet the demands of new power distribution systems [6] - The power distribution business is expected to maintain stable growth [6] Export Business - The company exports distribution products such as ring main units and switchgear to over 20 countries, including Sweden, Turkey, and South Africa [8] - The products have passed rigorous testing, ensuring compliance with international quality and safety standards [8] Transformer Product Market - The company’s transformer products are produced by its subsidiary, Wuxi Power Transformer Co., Ltd., which has established a strong reputation in the market [9] - Due to high market demand, the subsidiary has been operating at full capacity and is currently expanding production capacity to meet demand [9] Cost Reduction and Efficiency Improvement - The company has implemented significant cost reduction and efficiency improvement measures through digitalization and lean management [10] - Upgrades to various operational and management information systems have enhanced supply chain management and operational capabilities [10] Future Business Development - The company aims to leverage its industrial chain layout to enhance resource sharing and market expansion, focusing on the new energy sector [11] - Future strategies include maintaining stable growth in power distribution while expanding into the "wind, solar, storage, charging, and swapping" new energy industry chain [11]