szclou(SZ:002121)2023-07-30 13:52Group 1: Financial Status and Management - The company's asset-liability ratio was approximately 92% at the end of 2022. After the non-public issuance of shares, the ratio is expected to decrease due to an increase in net assets and a reduction in borrowing costs [2] - The company aims to maintain its self-sustaining capability primarily through operational improvements, including cost reduction and enhanced operational efficiency [2] - The company plans to focus on its core business areas of smart grids and energy storage, divesting non-operational and inefficient assets to reduce liabilities [2] Group 2: Energy Storage Industry Insights - Both China and the United States are major incremental markets for new energy storage, with the U.S. being a mature market for large-scale storage [3] - The domestic energy storage industry is influenced by policies, with large-scale electrochemical storage dominating the market. Commercial energy storage is in its early stages, but economic viability is improving due to widening price differences [3] - The company's energy storage business primarily targets the generation side and commercial markets, with a focus on overseas markets, particularly in the Americas [3] Group 3: Strategic Collaborations and Future Plans - The company is exploring localization strategies for overseas markets, such as localized production in Egypt for its meter business [3] - In the context of the "dual carbon" initiative, the energy storage market presents significant long-term opportunities. The company has over ten years of experience in the energy storage sector [3] - Future capital operations will be aligned with the company's strategic and business development needs, with timely disclosures for any major matters [3]