Zhiguang Electric: On March 20, it was surveyed by institutions, with multiple organizations including China Securities Capital and Jinyang Investment participating.

Securities Star News: On April 1, 2026, Zhiguang Electrical (002169) released an announcement stating that the company accepted an institutional research visit on March 20, 2026. China Merchants Capital, Jinyang Investment, Haoda Investment, Zhongsheng Chenjia, Dunhui Capital, Decheng Capital, Bida Capital, Ze’en Investment, and Junyuan Technology participated.

The specific details are as follows:

Q: What is the status of the company’s energy storage orders?

A: At present, the company has sufficient energy storage orders, and is speeding up production and delivery.

2. How is the commissioning and operation of the company’s independent energy storage power plants?

Pingshan Phase I entered commercial operation in mid-March; Qingyuan Phases II and III, and Pingshan Phase II are accelerating the progress of relevant procedures, aiming to enter commercial operation as soon as possible.

3. What progress has been made in the company’s acquisition of minority equity interests in an energy storage company?

This work is being advanced normally. Please pay attention to the progress announcements regularly released by the company in accordance with relevant regulations.

4. What key factors mainly affect the收益 of independent energy storage power plants?

The收益 of an independent energy storage power plant is influenced by many factors. The main factors include industry policies, project siting, equipment performance, operating level, and O&M level, etc.

5. Will the company manage and operate third-party independent energy storage power plants on a custodial basis?

The independent energy storage power plants invested in by the company use Zhiguang Energy Storage’s cascaded high-voltage energy storage system. In terms of performance indicators, they are excellent, and the company has accumulated engineering experience with outstanding projects in power plant construction, operation, and maintenance, etc. The company will attempt to carry out operations and maintenance business for independent energy storage power plants, and is confident in doing well in this area of business.

6. How is the company’s overseas business expansion going?

The company’s overseas products have obtained certifications for the European Union region. At the beginning of the year, it signed orders for several hundred industrial and commercial energy storage cabinets such as in Greece and Malaysia. Currently, the company’s overseas business share can still be considered relatively small. In the next step, the company will further increase the intensity of overseas business expansion and steadily promote the development of overseas business by expanding the scope of cooperation through service and delivery capabilities, among other methods.

Zhiguang Electrical (002169)主营业务: Mainly engaged in the research, development, production, and sales of digital energy technology and products, as well as comprehensive energy technology research and services. Specifically including: energy storage PCS/BMS/EMS and energy storage system integration, high-voltage frequency conversion equipment, high-voltage reactive power compensation equipment, distribution network neutral-point grounding devices, high-voltage high-power power electronic flexible equipment such as new energy grid-connection testing vehicles, power cable products, comprehensive energy service solutions such as microgrids and distributed energy, and integrated solutions of solar storage and charging, etc.

Zhiguang Electrical’s 2025 third-quarter report shows that in the first three quarters, the company’s主营 revenue was 2.51B yuan, up 32.03% year over year; net profit attributable to shareholders was -51.2658 million yuan, up 63.67% year over year; non-recurring profit and loss adjusted net profit was -53.3133 million yuan, up 56.75% year over year. Among them, in the third quarter of 2025, the company’s single-quarter主营 revenue was 864 million yuan, up 32.63% year over year; single-quarter net profit attributable to shareholders was 3.88M yuan, up 107.63% year over year; single-quarter non-recurring profit and loss adjusted net profit was 1.79M yuan, up 102.86% year over year. The asset-liability ratio was 70.26%, investment income was -1.7003 million yuan, financial expenses were 93.2243 million yuan, and the gross margin was 17.99%.

The margin trading and securities lending data shows that over the past 3 months, the stock had a net financing inflow of 81.2536 million yuan, and the financing balance increased; it had a net securities lending inflow of 0.1618 million yuan, and the securities lending balance increased.

The above content has been compiled by Securities Star from publicly available information and generated by an AI algorithm (Network Information Record No. 310104345710301240019). It does not constitute investment advice.