XJEC(SZ:000400)2022-12-08 01:18Group 1: Financial Performance - The revenue and profit growth of XJ Electric in Q3 2015 declined year-on-year due to domestic macroeconomic pressures and changes in investment rhythms in the power grid sector [1] - The revenue for the first three quarters of 2015 decreased compared to the same period last year, with a notable drop in gross profit margins for some products [1][2] - The decline in Q3 was less severe compared to Q2, indicating a potential stabilization trend [2] Group 2: High Voltage Direct Current (HVDC) Projects - The HVDC projects are entering a new phase of rapid development, with the State Grid Corporation planning to complete the "Four AC and Four DC" HVDC projects by 2017 [2] - Two HVDC projects, "Jiuquan-Hunan ±800kV" and "Shanxi-Jiangsu Nanjing ±800kV," have been awarded to the company, with expected revenue recognition starting in the second half of 2016 [2] Group 3: Distribution Network Investments - The national "13th Five-Year Plan" aims for a total investment of 2 trillion in distribution networks, which presents significant opportunities for XJ Electric's distribution automation business [3] - The company has successfully undertaken several major distribution network projects, showcasing its technological advantages and strong engineering performance [3] Group 4: Electric Vehicle Charging Infrastructure - XJ Electric has established over 60 electric vehicle charging and swapping stations across multiple provinces, leveraging its expertise in power electronics [4] - The company is positioned to expand its market share in the electric vehicle charging infrastructure sector due to supportive national policies [4] Group 5: International Business Development - The "Belt and Road" initiative provides opportunities for XJ Electric to expand its international business, particularly in secondary equipment and complete solutions [5] - Recent projects, such as the Pakistan transmission project and the Brazil ±800kV HVDC project, have opened significant avenues for international growth [5] Group 6: Investor Relations and Confidence - XJ Electric aims to enhance investor confidence through consistent operational performance and transparent communication [6] - The company plans to engage with investors through various channels, including research receptions and shareholder meetings, to maintain open dialogue [6] - In times of irrational stock price fluctuations, major stakeholders will actively increase their holdings to bolster market confidence [6]