JZ GROUP(SZ:300040)2022-12-04 10:30Group 1: Company Overview - Harbin Jiuzhou Electric Co., Ltd. focuses on renewable energy construction, smart energy system integration, and key electrical equipment manufacturing [2] - The company aims to develop and implement various renewable energy projects, including wind, solar, hydro, geothermal, marine, biomass, waste incineration power generation, and cogeneration [2] - Jiuzhou Electric's operational philosophy is to "make electricity intelligent and provide people with blue skies" [2] Group 2: Financial Performance - In 2013 and 2014, the company's total revenue and profit decreased due to the sale of high-voltage frequency converter technology for approximately 540 million RMB to Rockwell Automation in 2012, resulting in a one-time profit return [3] - The company returned to profitability in 2015 after entering the new energy power station construction sector [3] - Financial expenses were negative from 2013 to 2016 due to idle funds being used for financial management after raising over 500 million RMB during its 2010 IPO and the technology sale in 2012 [3] Group 3: Revenue Sources and Future Strategy - The main revenue sources currently include product sales and new energy power station construction [4] - Future development strategies focus on maintaining and increasing product sales, expanding new energy power station construction and operation, energy storage (including electricity and heat storage), and entering overseas new energy power station markets [4]