Sinexcel Electric(SZ:300693)2025-04-09 09:46Group 1: V2G Technology and Market Opportunities - The company is actively participating in V2G pilot projects in cities like Shanghai and Shenzhen, focusing on breakthroughs in bidirectional charging and vehicle-to-grid communication [1][2] - V2G commercialization is still in the industry validation stage, with the company committed to monitoring policy directions and market demands [2] Group 2: Energy Storage Business - The company is addressing price competition in the energy storage sector by enhancing product value through modular design and multi-branch storage converters [1][2] - New business models in commercial energy storage and integrated solar-storage-charging solutions are being developed to adapt to market changes [2] Group 3: International Expansion and Partnerships - The company has made progress in its collaboration with BP in the UK and is working on the certification and promotion of its 1.44MW supercharging pile in the European market [1][3] - The company has established a partnership with a Malaysian factory for local production to mitigate potential tariff impacts, with production readiness expected by May 2025 [3][7] Group 4: Financial Performance - In 2024, the company achieved total revenue of approximately CNY 3.036 billion, a year-on-year increase of 14.53%, and a net profit of approximately CNY 429 million, up 6.49% [8][9] - The company aims to maintain a sustainable high dividend policy while balancing R&D investments and new business impacts [3][8] Group 5: Industry Outlook and Growth Points - The demand for energy quality solutions is expanding, driven by the growth of high-end manufacturing and data centers [12][13] - The charging infrastructure market in China is transitioning to a focus on high-quality development, with significant growth potential in both domestic and international markets [12][13]