SIEYUAN(SZ:002028)2026-01-19 07:34Group 1: Cost and Production Capacity - The fluctuation of raw material prices, particularly copper, impacts product costs, but the overall effect is currently manageable. The company employs copper futures hedging to mitigate price volatility [2][3] - The new transformer workshop and equipment are in the process of installation, debugging, and trial production, and are expected to meet customer delivery requirements [3][4] - The company will regularly review production capacity based on expected order volumes and delivery needs [4] Group 2: Market Demand and Pricing - The sales price of products is primarily determined by market conditions [5] - The State Grid Corporation of China has announced a fixed asset investment plan for the 14th Five-Year Plan period, which is expected to reach a historical high, indicating strong demand in the renewable energy market [6] Group 3: International Expansion - The joint venture with Al Sharhan Energy in Saudi Arabia is a response to local customer needs and is a carefully evaluated decision. The company maintains a cautious yet open attitude towards overseas factory investments [7] Group 4: Goodwill Assessment - The company has engaged a qualified assessment agency to evaluate goodwill, ensuring that the results are not influenced by third parties, with disclosures to be made in the annual report [8]