SOJO(SZ:300444)2025-04-24 12:04Group 1: Financial Performance and Projections - The company expects to continue leveraging "dual carbon" opportunities to enhance customer value and achieve profit and cash flow targets, ensuring healthy growth [1] - In Q1 2025, the smart grid business maintained scale and profit levels similar to the previous year, while the renewable energy business did not meet revenue recognition standards due to contract timing [4] - In 2024, the company achieved a revenue of CNY 3.473 billion, a year-on-year increase of 10.6%, and a net profit attributable to shareholders of CNY 81 million, showing a slight decline due to fair value adjustments of equity holdings [7] Group 2: Digital Transformation and Technological Advancements - Since 2019, the company has implemented digital transformation across four areas, integrating AI and digital twin technologies into production and management [2] - The company has utilized AI for power generation forecasting and monitoring, achieving predictive maintenance through IoT technology [2] - The company plans to enhance product competitiveness and profitability through ongoing research and development in core and emerging technologies [6] Group 3: Market Expansion and International Presence - The company has expanded its products to over 20 countries, with a 44% year-on-year increase in overseas market revenue, reaching CNY 108.55 million in 2024 [3] - New markets in Denmark and Mongolia were opened in 2024, with a focus on enhancing product competitiveness and adapting strategies to international policy dynamics [3] Group 4: Charging Infrastructure Development - By the end of 2024, the company achieved full coverage of charging systems in 18 highway service areas in Beijing, establishing a robust charging network [3] - Collaborations with major automotive manufacturers and energy companies have been established to support future charging network development [3] Group 5: Inventory and Accounts Receivable Management - The increase in inventory is attributed to wind power project investments, while accounts receivable rose due to long contract execution cycles [5] - The company has implemented a pre-warning and collection mechanism for accounts receivable, ensuring low risk of bad debt losses [5] Group 6: Product Innovation and Market Position - The company’s product range includes low and medium voltage equipment, with significant sales growth exceeding 20% in key product lines in 2024 [6] - The company aims to strengthen its market position by focusing on technological innovation and expanding its product application scenarios [6]