JGGF(SZ:300510)2023-09-14 12:17Group 1: Company Overview and Strategic Focus - Jilin Jin Guan Electric Co., Ltd. (stock code: 300510) is focusing on energy storage and overseas market expansion, including signed projects like the 80MW wind-storage project in Guizhou and the "Lifeline" project in Russia [2][3] - The company aims to leverage its technological strengths in energy storage, marking a milestone with its successful bid for the energy storage project at the supercomputing center of Xucheng Group [2][3] Group 2: Business Performance and Growth - In Q1 2023, the company reported significant growth in its charging and swapping business, driven by its subsidiary Nanjing Enerui, which specializes in electric vehicle charging solutions [3][4] - A recent contract worth CNY 540 million (approximately USD 82 million) was signed with Songyuan Weir for the supply of 12,000 units of 160kW integrated DC charging equipment, with a contract duration of 3 years [3][4] Group 3: Investor Relations and Communication - The company has seen an increase in institutional investors and shareholding ratios, attributed to proactive communication and engagement with the secondary market [3][4] - Future plans include enhancing communication with institutional and retail investors to better convey the company's value [3][4] Group 4: Financial Outlook and Challenges - The energy storage business is currently facing challenges due to raw material price fluctuations, leading to a slowdown in project construction; however, performance is expected to improve as orders are gradually fulfilled [4] - The company has not distributed dividends in recent years due to significant unamortized losses from goodwill impairment, but anticipates future dividends as its new energy business matures [4] Group 5: Product Development and Market Trends - The company is focusing on high-power charging solutions, with a significant proportion of its sales in DC fast charging products; a new 600kW liquid-cooled ultra-fast charging product was launched in H1 2023 [4]