Beijing Yupont Electric Power Technology (SH:688597)2026-02-13 02:50Summary of the Conference Call Record Company Overview - Company: Yubang Power (煜邦电力) - Event Date: February 11, 2026 Key Points Industry and Company Developments - Convertible Bond Redemption: The board of directors decided not to exercise the early redemption rights of the "Yubang Convertible Bonds" and committed not to exercise these rights for the next six months (from February 12, 2026, to August 11, 2026) [1] Core Insights and Arguments - Performance Turning Point: The company indicates that a performance turning point has been reached, with a stable upward trend in smart meters and growth potential in energy storage and low-altitude economy [1] - Smart Meters: A new round of meter replacement cycles is driving both volume and price increases, with efforts to expand internationally to create an alpha [1] - Energy Storage Business: The first phase of a 5 GWh energy storage factory has been newly put into production, with active international expansion efforts [1] - Low-altitude Economy: Transitioning from low-altitude intelligent inspection software to becoming a comprehensive service provider integrating both software and hardware [1] Important Risks - Risk of Underperformance: There is a risk that the growth in energy storage and low-altitude businesses may not meet expectations [1]