XJEC(SZ:000400)2022-12-07 09:36Group 1: Financial Performance - In Q1 2015, the company achieved a sales revenue of 820 million yuan, a decrease of 36.15% compared to the same period in 2014 [1] - The net profit for Q1 2015 was 10.559 million yuan, down 89.32% year-on-year [1][2] - The decline in revenue and profit was attributed to macroeconomic pressures, product structure, production cycles, and delivery times [2] Group 2: Business Impact and Opportunities - The ultra-high voltage (UHV) business significantly supports the company's performance, with ongoing projects like the Huai-Shang-Nanjing-Shanghai UHV AC project [2] - The company is actively participating in bidding for UHV projects as the state increases investment in this area [2] - The electricity system reform presents development opportunities for the company, leveraging its R&D capabilities and market performance [2] Group 3: Distribution Network and International Strategy - The distribution network business, primarily through Zhuhai XJ Electric, generated 1.22 billion yuan in revenue and 420 million yuan in net profit in 2014 [3] - The company is well-positioned in the distribution network sector, with a complete product range and strong market share [3] - The "Belt and Road" initiative offers opportunities for international expansion, with the company focusing on secondary equipment and international product certification [4]