DINGHAN TECH(SZ:300011)2022-12-07 08:56Group 1: Company Overview and Product Development - The prototype of the subway braking energy storage system has been completed and is currently in the self-testing phase, with on-site testing as a key goal for the year [2] - The company has conducted surveys on the application intentions of major subway construction cities, with Beijing Subway incorporating energy storage technology into its future strategic development [2] - The company is actively seeking suitable application lines for the energy storage system to accelerate its promotion and commercialize energy management models [2] Group 2: Challenges in Product Promotion - Two main challenges exist for the promotion of the subway braking energy storage system: the need for engineering modifications to the traction network and the integration of energy storage units with domestic technology standards [2] - There is a recognition process required for the market to understand the product, which is currently in a blank state in domestic applications [2] Group 3: Benefits of Energy Storage Systems - The energy storage device can effectively save electricity and purify voltage, enhancing the lifespan of related electrical equipment [4] - Adding energy storage devices can convert energy consumption into stored energy, leading to long-term economic benefits for subway companies [4] - If the energy storage system reaches a mature and ideal state, it could potentially reduce the number of substations, significantly improving economic efficiency [4] Group 4: Market Opportunities and Strategic Considerations - The expansion of railway construction will positively impact the company's business in the long term, although there may be a lag in revenue realization due to the nature of product application [5] - The company remains focused on the rail transit sector but is open to exploring opportunities in other industries, such as railway detection technology [6] - The merger of CRRC's North and South companies aims to enhance competitiveness in the international high-speed rail market without significantly affecting the company's bargaining power [6]