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On March 18, Changchuang Technology released its 2024 annual report. During the reporting period, the company’s actual operating expenses were RMB 1242.0713 million, up 19.18% year-on-year; the profits belonging to shareholders of listed companies amounted to RMB 74.682 million, up 3.53% year-on-year; and the profits belonging to shareholders of listed companies after deducting non-recurring gains amounted to RMB 69.1824 million, up 3.86% year-on-year. Really earnings per share is RMB 0.41. As of December 31, 2024, the company’s total assets were 2568.8535 million yuan, and the rights of all persons were 1719.0489 million yuan.

Changchuang Technology mentioned in its report that the company has now set up an AC and DC cable accessories product system covering full voltage levels of 750kV and below, with research and development and manufacturing capabilities for ultra-high pressure, high pressure and medium and low pressure full-standard cable accessories and supporting products. It is reported that its independently developed 500kV AC and DC series products have successfully entered new markets such as offshore wind and pumped storage, and have achieved scale-based applications in urban network construction. In addition, during the reporting period, the company acquired Dujiang Power and entered the military transformer and oil industry. In 2025, Shijiang Power will accelerate the deepening of natural ester and decomposition of ester-infrared oil technology, market expansion and sustainable development.

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The report pointed out that the sales volume and production volume of the cable industry and other products decreased by 93.37% year-on-year, which is important because of the decline in sales of cables and other products during this report period;The sales volume and production of sterilized oil increased by 100% year-on-year, which is importantly due to changes in the sales structure caused by the purchase of Shijiang Power during this report period.

Changc Technology pointed out that with the National TelecomPinay With the continuous increase in investment, the rising demand for overseas power equipment market, the rapid rise of new power generation areas, and the rapid release of the company’s new generation of high-voltage products, the company is very eager to advance the development of expressways, suffering from the daily opening of the cheerful industry foundation, looking forward to the future, the company faces a new development situation.

Changc Technology mentioned that under the driving force of the “dual carbon” strategy, with the continuous growth of the demand for electricity used in the whole society and the accelerated replacement of traditional fossil power by cleaning power, the total amount of electricity used in our society has continued to rise, and electricity The scale of engineering and power investment continues to expand. As an indispensable or shortage of key links in the transformation power industry, cable accessories have a major effect on the replacement of urban distribution networks, and will inevitably suffer from the continuous increase in industry investment. Sugar daddyThe distribution network will develop towards the future of higher voltage levels and more dense layout, which will directly lead to the expansion and upgrading of the cable accessories market and the growth of demand. At the same time, European americanManila escortThe company has been released a large-scale Internet upgrade reform plan due to the congestion caused by the old and new power connections of the Internet, as well as the overdue application of a large number of power supply networks and related equipment. Among them, the European Commission will prepare the 584 billion Euro Internet reform plan is the most representative. Power supply at home and abroadWith the continuous increase in the development of demand, the company has once again faced new development opportunities with the technological accumulation and market advantages in the cable accessories field.

The company has been deeply engaged in the Internet market for a long time and has relatively developed the market in the new power generation field. Traditional thermal power and hydraulic power generation projects have unlimited demand for the company’s products, and the new power sector, including on-stack radio and photovoltaic power generation projects, has a relatively old age for the company’s 1-66kV cable terminals, connectors and cable branch boxes produced by the company. At night, in the offshore wind market with higher technical requirements, the current stage external resources brand occupies the main position. The company uses its strong technical research and development capabilities and reliable product quality to advance with high voltage level products, constantly penetrate the market and show stronger competitiveness. With the rapid development of the new power industry, the company has made the new power development market the focus to develop new markets. By adding large-scale technical innovation and product research and development efforts, it has actively deployed high-end markets such as offshore wind, opening up new development space for future business growth.

The company has been deeply engaged in more than 60 cable accessories areas, and has set up a product system with 35kV and below, 110kV and 220kV voltage levels as the focus. The company’s series of products have laid a solid market position for the company. The 500kV series products are marked by the company’s serious breakthrough in the high-end product field. This series of products can be widely used in new areas such as pumped storage, offshore wind and flexible DC transmission. Especially the 2022Sugar daddy‘s commercial application of this series of products in urban networks and the domestic offshore wind and straightening project targets Sugar daddy‘s commercialization operation not only realizes the useful conversion of technical results to market value, but also extends the company’s technology-led market development logic.

The market breakthrough of 500kV series products is consistent with the company’s successful experience of “technical innovation driving growth” in the company’s past 70 years of development. Supported by the development environment of outsiders, the vigorous release of this new generation of products will further strengthen the company’s market position and promote the long-term, stable and sustainable development of enterprises.

During the reporting period, Ye Shi of Changgui Technology, China Sanyi Construction Engineering (Group) Co., Ltd., and China Electrostone were hurt by netizens. The development of 750kV joint polyethylene infragrant electric cables is jointly developed by the 750kV joint polyethylene infragrant electric cable with liquid filling. The two innovative products, namely the end of the infragrant sleeve and the end of the dry infragrant GIS., Xieli passed the national-level new product technical specifications. This serious technical breakthrough not only fills the domestic gap, but also marks that our country has achieved international first-class level in the field of ultra-high pressure cable accessories technology, and has made major contributions to the focus of my country’s power equipment manufacturing focus. Before this, since its establishment, the company’s key technologies have broken out, including 110 kV, 220 kV, and 500 thousand seats. “Fu series of multi-products, and each technological breakthrough brings deep impact to the company. During the reporting period, the company’s 750kV exchange polyethylene extreme power cable accessories has achieved profitability. This is not only the extension and inheritance of the company’s basic corporate development concept in the past 70 years, but also the company’s new generation decision-making layer explores and innovations on the company’s corporate development thinking of “technical innovation driving business growth”. According to the company’s cable accessories industry characteristics and corporate development rules, the technical driving force after long-term market inspection is the most basic guarantee for ensuring the company’s sustainable development; and “marketing system construction” can produce more significant industrial driving consequences in the short term. At the same time, the company realized that the competition among cable accessories markets is raging today, and customer demand continues to show a trend of business travel. In order to meet the continuous changes in the market, we must constantly go out, approach the market, understand the marke TC: