On July 24, Guangzhou Zhiguang Electric Co., Ltd. released its investor relations activity record.
1. What is the current status of the company's energy storage orders? Has the cancellation of the mandatory storage allocation policy had a significant impact?
Zhiguang's energy storage equipment and system integration business has maintained rapid growth since 2025. To date, the company has successfully signed large-scale energy storage power station projects in provinces including Gansu, Guangdong, Inner Mongolia, Xinjiang, Hebei, Zhejiang, Qinghai, and Liaoning. The company’s order growth logic has shifted from “policy-driven” to “value-driven.” Based on actual contract performance, the cancellation of the mandatory storage allocation policy has had a minimal impact.
2. What is the progress of the independently invested energy storage power stations?
In 2024, the company’s independently invested energy storage power station project (200MW/400MWh) in Baimiao, Qingcheng District, Qingyuan City has been put into operation. For the year 2024, it generated operating revenue of RMB 92.44 million and net profit of RMB 53.94 million.
Phase II (200MWh) and Phase III (416MWh) of the Qingyuan project, as well as the Meizhou Pingyuan project (400MWh), have all commenced construction. Construction is progressing smoothly, and the projects are expected to be gradually commissioned within the year.
3. What is the main source of revenue for the Qingyuan energy storage power station?
The main source of revenue for the Qingyuan independent energy storage station currently comes from frequency regulation services.
Source：https://mp.weixin.qq.com/s/toFop0W6jhPmrMFSDJIwdw
