HANGZHOU ZHONGHENG(SZ:002364)2022-12-06 10:46Group 1: Company Overview and Strategy - The company has been focusing on two main sectors: power electronics and power information technology, which have shown steady growth over the years [2][3]. - The company is actively building an energy internet ecosystem, leveraging its expertise in power electronics and information technology accumulated over nearly two decades [3][4]. - The company plans to invest CNY 1 billion in the construction of an energy internet cloud platform, with allocations of CNY 680 million for the platform, CNY 60 million for a research institute, and CNY 250 million for working capital [4][5]. Group 2: Investment and Financials - The company has received approval for a non-public offering, which is now in the implementation stage [3][4]. - The total planned investment of CNY 1 billion is divided into three parts: CNY 680 million for the cloud platform, CNY 60 million for the research institute, and CNY 250 million for working capital [4][5]. - The company reported a 60% year-on-year increase in R&D expenses, focusing on power electronics, energy internet, and new energy vehicle charging facilities [9][10]. Group 3: Market Position and Products - The company is positioning itself as a leader in the energy internet sector, with confidence in its technological capabilities and market strategies [14][15]. - The company has developed a comprehensive solution for urban smart lighting, integrating its existing systems with new technologies [5][6]. - The company is actively involved in the charging pile market, with a focus on both direct current (DC) and alternating current (AC) charging solutions [12][13]. Group 4: Challenges and Future Outlook - The company acknowledges potential challenges in the energy internet sector, including technological barriers and the need for policy support [6][8]. - The company is optimistic about the future growth of the charging pile market, driven by national policies and increasing consumer demand for electric vehicles [12][13]. - The company is committed to continuous investment in R&D and expanding its production capacity to meet future market demands [12][15].