June 16, 2026 Recently, Beijing Zhongdian Fengye Technology Development Co., Ltd. (Zhongdian Fengye) successfully completed the overall delivery of an 80MW alkaline electrolysis system. This core hydrogen production equipment will be officially deployed in the Jilin Liaoyuan wind-solar-storage-hydrogen-ammonia-methanol integrated project under China Tianying Group, laying a solid equipment foundation for the operation of this provincial-level key green hydrogen demonstration project. The hydrogen production equipment delivered this time features the industry-innovative "four-to-one" modular architecture , adopting an optimized layout that combines four 5MW electrolyzers with a single set of auxiliary Balance of Plant (BoP) systems. The complete set of equipment includes core supporting facilities such as rectifier transformers, main electrolyzers, gas purification units, and chiller units, significantly enhancing equipment integration and operational efficiency. It is understood that this modular technical solution underwent rigorous and thorough refinement, having completed full-process verification including market survey and validation, specialized technology R&D, prototype performance verification, and on-site operating condition adaptation tests. The technology is mature and highly stable, fully meeting the large-scale hydrogen production demands of major green hydrogen projects. It is reported that the wind-solar-storage-hydrogen-ammonia-methanol integrated project located in Liaoyuan, Jilin, is the largest green hydrogen benchmark demonstration project in the local area. The project innovatively revitalizes abandoned mine pit resources, taking ecological restoration as its foundation and integrating diverse green industry sectors such as wind power, PV power generation, energy storage, green hydrogen production, and methanol synthesis to build a closed-loop green energy industry chain. The successful delivery of this 80MW alkaline electrolyzer system marks a new breakthrough for Zhongdian Fengye in the fields of large-scale alkaline electrolyzer system integration and scaled green hydrogen equipment manufacturing , fully demonstrating the company’s technological advantages in the core green hydrogen equipment sector and providing strong support for the large-scale, commercial development of the green hydrogen industry in north-east China.

Semi-Annual Review and Outlook: Rigid Demand Steadily Released, High-end High-Induction Grain-Oriented Steel Expected to Maintain Stable and Improving Trend

The National Energy Administration recently held a national monthly dispatching meeting on renewable energy power development and construction, disclosing that as of the end of April, the cumulative grid-connected capacity of wind and solar power reached 1.911 billion kW (including 1.25 billion kW of PV and 661 million kW of wind power), and wind and solar power generation accounted for 24.1% of total societal electricity consumption. The meeting outlined seven key tasks, including increasing the grid connection and accommodation of new energy, promoting the implementation of direct green electricity supply policies, and accelerating the construction of large-scale wind and solar power bases.

According to data from the National Bureau of Statistics (NBS), in May, raw coal production at industrial enterprises above the designated size (hereafter, large industrial enterprises) remained at a relatively high level, crude oil production grew steadily, natural gas production edged down, and power generation growth picked up. 1. Raw Coal, Crude Oil, and Natural Gas Production and Related Conditions Raw coal production remained at a relatively high level. In May, large industrial enterprises produced 400 million mt of raw coal, down 1.7% YoY, with a daily average production of 12.81 million mt. From January to May, raw coal production at large industrial enterprises reached 1.98 billion mt, down 0.3% YoY. Crude oil production grew steadily. In May, large industrial enterprises produced 18.57 million mt of crude oil, up 0.5% YoY, with growth slowing by 0.7 percentage points from April; daily average production was 599,000 mt. From January to May, crude oil production at large industrial enterprises totaled 91.31 million mt, up 1.1% YoY. The decline in crude oil processing widened. In May, large industrial enterprises processed 53.72 million mt of crude oil, down 9.1% YoY, with the decline expanding by 3.3 percentage points from April; daily average processing volume was 1.733 million mt. From January to May, crude oil processed at large industrial enterprises reached 292.8 million mt, down 2.2% YoY. Natural gas production edged down. In May, large industrial enterprises produced 21.7 billion m³ of natural gas, down 2.2% YoY, compared to a 1.9% increase in April; daily average production was 700 million m³. From January to May, natural gas production at large industrial enterprises amounted to 111.7 billion m³, up 1.7% YoY. 2. Power Generation Power generation growth at large industrial enterprises accelerated. In May, power generation at large industrial enterprises reached 784.3 billion kWh, up 4.2% YoY, with growth accelerating by 1.6 percentage points from April; daily average generation was 25.3 billion kWh. From January to May, power generation at large industrial enterprises totaled 3,912.9 billion kWh, up 3.6% YoY. By type, in May, growth in thermal power at large industrial enterprises slowed, while growth in hydropower and solar power accelerated, and nuclear and wind power shifted from decline to growth. Specifically, thermal power at large industrial enterprises grew 2.1% YoY, with growth slowing by 1.0 percentage point from April; hydropower increased by 13.0%, with growth accelerating by 0.8 percentage points; nuclear power grew 5.0%, compared to an 8.7% decline in April; wind power edged up 0.5%, reversing a 5.0% drop in April; and solar power rose 12.1%, with growth accelerating by 5.0 percentage points.

2026 China Central International Power Transformer Export Expo 2026 China Central International Power Transformer Export Expo Concurrently held: The 8th China (Zhengzhou) International New-type Power and Smart Energy Industry Exhibition August 15-17, 2026, Central China International Convention and Exhibition Center (Airport Area) Annual Central China Power and Electrical Industry Development Conference Estimated exhibition data: 18 countries and regions 600+ exhibiting brands 300+ media coverage 20 forum events 40,000 m² exhibition area 50,000 visitors Co-organizers: Henan Electrical Equipment Industry Association Beijing Aibo International Exhibition Co., Ltd. Executing Unit: Beijing Aibo International Exhibition Co., Ltd. Title Sponsor: Henan Senyuan Electric Co., Ltd. Official Website: http://byq.aiboexpo.com ※ Exhibition Overview: Currently, 'carbon neutrality' has become a global consensus. Achieving carbon peak and carbon neutrality is a solemn commitment China has made to the world and a broad and profound economic and social transformation. Realizing clean and zero-carbon energy is a crucial guarantee for carbon neutrality. The development and maturation of the new-type power industry are of great significance for accelerating the construction of a new power system dominated by new energy. In recent years, supported by a series of national policies, global renewable energy industries such as PV, wind power, hydropower, new-type energy storage, charging facilities, and hydrogen energy have achieved rapid development. With new breakthroughs in next-generation technologies and equipment, the future new energy market holds limitless prospects. At the 2024 Bosch Connected World conference, the world's richest man Elon Musk predicted that the rapid development of AI and EVs would lead to a severe shortage of transformers. Today, this prediction has become a reality. Amid this global 'transformer shortage', the latest data from China's General Administration of Customs shows: in 2025, China's transformer export value reached 64.6 billion yuan, a YoY surge of 36%, with the average unit price exceeding 205,000 yuan, a rise of 33%. Even more astonishing—orders for high-end ultra-high voltage and data center-dedicated transformers have been scheduled into 2027, with some stretching into 2028! The global transformer shortage is the inevitable result of multiple contemporary factors overlapping. From an infrastructure perspective, the power systems in Europe and the US are undergoing a 'major overhaul'. A Goldman Sachs report from September 2025 pointed out that most of Europe's grid infrastructure has been in operation for 40-50 years, and in the US, 31% of transmission equipment and 46% of distribution facilities are past their service life. To this end, the EU plans to invest €1.2 trillion over the next decade to upgrade its power grid, and the US also announced $1.1 trillion over five years for the power sector. As core equipment for power grid upgrades, transformers have naturally become a focal point of demand. Amid the global transition toward green and low-carbon development, the construction of green energy power plants such as PV and wind power has further lifted transformer demand. The international energy industry analysis firm “Allied Market” forecast that the global transformer market size will reach $103 billion in 2031, Henan is located in central China and has long been known as the “heartland of Kyushu and the thoroughfare of ten provinces,” serving as an important transportation hub in China that connects east and west and links north and south. Developing a hub economy is a key pillar for integrating into the new development paradigm. “In recent years, our province has leveraged its transportation and location advantages to continuously strengthen the hub economy. Seizing the opportunity presented by the development of a unified national market, we have built a comprehensive ‘rice + well + people’ transportation corridor and initially formed a broad multimodal transport landscape integrating and connecting airports, inland ports, highway ports, high-speed rail ports, and ports of entry. It has become a logistics corridor hub that connects at home and abroad and radiates across the east, central, and west. Trading globally, the hub advantage is gradually being transformed into a competitive edge for development. Leveraging Henan’s status as a major province in China in terms of population, agriculture, industry, and energy consumption, its transportation and geographic advantages are driving global power grid upgrades, with transformers playing a crucial role in building a new-type power system. To rapidly and accurately connect sellers and buyers and help enterprises expand broader markets in and outside China, the “2026 China · Central and Western China International Power Transformer Export Expo,” jointly organized by the Henan Electrical Industry Association and Beijing Aibo International Exhibition Co., Ltd., is scheduled to be held on August 15-17, 2026 at Zhongyuan International Convention and Exhibition Center, Zhengzhou Airport Economy Zone, concurrently with the “8th China (Zhengzhou) International New-Type Power and Smart Energy Industry Exhibition.” This exhibition is expected to cover 40,000㎡, attracting more than 600 brand exhibitors from around the world to make a concentrated appearance in central China, with over 50,000 visits expected from professional visitors and buyers. We sincerely invite transformer producers, manufacturers, and related supporting suppliers from in and outside China to gather in central China and share this grand industry event! As one of China’s 12 highest-level international comprehensive transportation hubs and one of the country’s six airport-type national logistics hubs, Zhengzhou is a comprehensive hub city integrating highways, railways, aviation, power, and communications. It enjoys uniquely advantageous geographic conditions. With Zhengzhou as the center, a two-hour aviation circle covers 92% of China’s population, 94% of its total economic output, and 98% of its foreign trade share. Against the backdrop of the current dual-circulation development model and domestic demand boost, Zhengzhou’s market radiation advantage nationwide will become even more prominent. Henan has a solid industrial foundation and a complete industrial supporting system, highly aligned with the development needs of the new energy industry. It can better promote deep integrated development across the upstream and downstream industry chain of new energy enterprises, achieve resource sharing and complementary advantages, and jointly drive coordinated development of the industry. Zhengzhou Airport Economy Zone Comprehensive Experimental Zone, known as the “Central China Special Zone,” is currently the only national-level aviation economy development pilot zone approved by the State Council. The Airport Economy Zone closely focuses on five major strategic positioning goals: the “Air Silk Road” pilot zone, the “National Airport Economy Experimental Zone,” the “core growth pole of the Central Plains Economic Zone and the Zhengzhou Metropolitan Area,” a “modernized, internationalized, world-class logistics hub,” and the “Central China Special Zone”; and deepens the development of five major centers: an international advanced manufacturing center, international trade center, international transportation and logistics center, international creative fashion center, and international innovation talent center. The Airport Economy Zone has become a growth pole of great strategic value for Zhengzhou’s development and a high ground for opening up across the province. ※Key Invitations Target Audience: Power, petroleum, chemicals, metallurgy, steel, cement, coal, textiles, transportation, electronics, communications, environmental protection, transport, machinery, turnkey equipment suppliers, traders, etc. Real estate developers, construction contractors, decoration and renovation companies, architects, designers, engineers, importers and exporters, wholesalers, distributors, manufacturers, retailers, buildings, property management institutions, and industry end-users (such as hospitals, schools, government agencies, hotels, shopping malls, etc.). Relevant government departments, power companies, power grid companies, power supply departments, planning departments, municipal engineering entities, design and research institutions, competent authorities, associations, societies, media organizations, etc. ※ Media Spotlight and Synchronized Promotion : Helping exhibitors deeply explore clients, find professional buyers, promote brands, and close deals has always been the mission and responsibility of the organizers of the Central China Transformer Expo! We will join forces with Xinhua Net, People’s Daily Online, Economic Net, Sina, ifeng.com, CNR.cn, Guangming Online, CCTV.com, China News Service, Dayu Net, Dahe Net, Yingxiang Net, Zhongyuan Net, Jinbao Net, Sunan Net, Dahe Daily, Sohu, iQIYI, Baidu, Toutiao, Henan TV, Dazhong.com, Haibao News, Douyin, Kuaishou, Xiaohongshu, Zhihu, Huaxia Energy Network, International New Energy Network, Polaris Electric Power Network, Power Supply Network, China Transformer Network, Transformer Market Network, Electronic Transformer Information Network, Sobi PV Energy Storage Network, PV Industry Network, Energy World, Household PV Network, EV Network, First EV Network, Charging Piles Network, NEV Industry Network, and more than 100 other media outlets to provide comprehensive coverage of the exhibition, helping enterprises promote new products and technologies, enhance brand image, and strengthen corporate influence. ※ If you are a supplier of the following products, please book a booth: 1 、Transformers: Dry-type transformers, oil-immersed transformers; PV transformers, wind power transformers, box-type substations, electric furnace transformers, mining transformers, marine transformers, movable vehicle-mounted transformers, customized transformers and solutions, etc. 2 、Transformer Design and Manufacturing: Transformer R&D and design software, virtual simulation software; fully automatic winding machines, core laser cutting equipment, robotic insulation coating systems; partial discharge detection instruments, automatic withstand-voltage test benches, AI visual defect recognition systems; overall solutions for digital factories, etc. 3 、Key Transformer Materials: Conductive materials (e.g., copper semis, aluminum semis, copper-aluminum composite materials), magnetic materials (silicon steel and amorphous alloys, ferrite materials), insulating materials (insulating paper, paperboard, insulating varnish, insulating oil, epoxy resin, electrical insulating wood, varnished cloth, varnished cloth tape), etc. 4 、Key Transformer Components: Core, windings, oil tank/oil conservator, bushings, oil level gauges, oil purifiers, conductive rod, sealing gaskets, breathers, insulating materials, tap changers, gas relays, explosion-proof pipes, temperature measuring devices, fire extinguishing devices, clamps, surge arresters, pressure release devices, other transformer accessories/consumables, etc. 5 、Green Electricity Technologies and Applications: Distributed PV/wind power energy systems; energy routers, renewable energy grid connection controllers, cloud-edge collaborative microgrid control systems, virtual power plant (VPP) access terminals; green electricity traceability platforms, full life cycle carbon footprint monitoring instruments, enterprise ESG compliance management software, etc. 6 、Smart Power Supply and Distribution Systems: High-voltage direct current (HVDC) power supply, liquid-cooled power distribution systems, flexible DC converters (medium and high voltage), solid-state transformers (SST)/high-efficiency transformers, high-voltage/medium-voltage switchgear; smart low-voltage distribution cabinets, busway systems, smart header boards, cabinet PDUs; active power filters (APF), dynamic voltage restorers (DVR); DC circuit breakers, DC fuses, smart arc detection systems, lightning surge protectors, etc. 7 、Digital Energy Efficiency Management: AI monitoring platforms for power supply and distribution, digital twin O&M systems, predictive maintenance tools, CFD simulation and energy efficiency optimization software, etc. 8 、Collaborative Innovation in Energy Storage: Lithium battery/flow/sodium-ion energy storage systems, integrated PV+ESS+hydrogen solutions, containerized integrated energy storage units, etc. 9 、Related Services: Planning consulting and design, engineering construction, completion acceptance, rating and certification, infrastructure O&M, IT services and O&M. ※Fee-Based Items: ● Booth Fees: Booth Category Standard Booth (Single Open Side) Standard Booth (Double Open Sides) Deluxe Standard Booth (Single Open Side) Deluxe Standard Booth (Double Open Sides) Special Booth Bare Space China Enterprises ¥8,800 yuan/booth ¥9,800 yuan/booth ¥11,800 yuan/booth ¥12,800 yuan/booth ¥900/㎡ Foreign-Funded Enterprises $1,980/booth $2,980/booth $3,980/booth $4,980/booth $300/㎡ 1、Standard Booth: Minimum rental 3m×3m=9㎡; equipped with: white partition panels (2.5 meters high), one table and two chairs, Chinese-English header board, two fluorescent lights, carpet, and one power socket. 2、Deluxe Standard Booth: Minimum rental 3m×3m=9㎡; equipped with: white partition panels (2.5 meters high), one table and two chairs, Chinese-English header board, two fluorescent lights, carpet, one power socket, and raised booth fascia. 3、Special Booth Bare Space: Minimum rental 36㎡; provided: exhibition space and cleaning services; excluding booth construction and production costs. The bare space does not include any display racks or facilities. To ensure booth construction quality, all exhibitors are requested to use the contractor designated by the organizer to build their booths; no other contractors are allowed to enter the venue. (The organizing committee collects a special booth management fee on behalf of the venue: designated contractor ¥50 yuan/㎡, non-designated contractor ¥70 yuan/㎡). ● Conference Booklet Advertising: It will help you find clients after the exhibition! In addition to being widely distributed during the exhibition, it will also be distributed through various channels to professionals in different regions who were unable to visit the exhibition, enabling them to quickly find contact information and service details via the conference booklet. (The conference booklet is printed in full color on imported copper paper; size: 210mm×135mm). Front Cover ¥20,000 yuan Inside Front Cover/Inside Back Cover ¥7,000 yuan Frontispiece ¥6,000 yuan Black-and-White Page ¥4,000 yuan Back Cover ¥15,000 yuan Double-Page Color Spread ¥8,000 yuan Color Page ¥5,000 yuan 500-Word Company Profile ¥3,000 yuan ● Other Advertising: Advertising fees must be prepaid in full as a one-time payment; exhibitors who are unable to participate on time for any reason may also choose the following advertising promotions. Outdoor Plaza Arch ¥10,000 yuan/set (2 units) Carpet Floor Sticker Ad ¥500 yuan/unit Visitor Tickets ¥10,000 yuan/1,000 tickets Visitor Badge Lanyards ¥10,000 yuan/1,000 pcs Back-of-Visitor-Badge Ad ¥10,000 yuan/1,000 pcs Official Website Ad ¥10,000 yuan/banner/year Outdoor Road Flags ¥1,000 yuan/pair (2 units) Official Account Ad ¥10,000 yuan/unit/year Outdoor Billboard ¥10,000 yuan/unit Exhibitor Badge Lanyards ¥10,000 yuan/1,000 pcs Back-of-Exhibitor-Badge Ad ¥10,000 yuan/1,000 pcs Document Bags ¥20,000 yuan/1,000 pcs ● Product Promotion Session/Technical Seminar: A conference room accommodating 100-600 people, ¥30,000 yuan for 60 minutes per session, used for venue setup and related equipment rental (including venue, audio and projection equipment, lighting, tables and chairs, tea and other supporting facilities and services, and assistance in organizing the audience for the presenting enterprise). ※Exhibition Participation Procedures: 1. Fill out the exhibition application form and fax or scan it to the organizing unit. Booth allocation principle: “first apply, first pay, first arranged.” 2. After the contract is confirmed and stamped by both parties, the exhibiting unit shall remit the exhibition fees by telegraphic transfer to the organizing unit’s collection account within 2 working days. 3. After remitting all fees, exhibitors are requested to fax the bank remittance slip to the organizing unit. 4. After receiving the exhibition fees, the organizing unit will issue the Exhibitor Manual to exhibitors within one month before the exhibition opens to confirm participation notes. ※ Organizing Committee Secretariat: Beijing Aibo International Exhibition Co., Ltd. Contact: Zhang Lei 17729729055 Fax: +86 010-86487300 E-mail: 2662486664@qq.com Website: http://byq.aiboexpo.com Scan to Book a Booth

This week (June 5–June 11), the SMM copper wire and cable enterprise operating rate recorded 71.03%, up 2.65 percentage points WoW and down 5.28 percentage points YoY. Falling copper prices this week effectively boosted end-user purchase willingness, and enterprises saw an increase in new orders, driving the operating rate to rebound. From the end-use demand perspective, orders in the power sector performed well, offshore wind power orders remained stable, and construction sector orders also showed marginal recovery. On the inventory side, some enterprises remained optimistic about the future copper price outlook and took the opportunity to restock during the price pullback, with raw material inventories rising 3.73% WoW; finished product inventories fell 2.95% WoW, mainly because the initial copper price decline spurred end-user cargo pick-up enthusiasm. Looking ahead to next week, as copper prices continued to decline toward the end of this week, end-user wait-and-see sentiment intensified, waiting for lower prices to enter the market, and order growth lacked sustainability. However, with new orders gradually entering the production schedule, overall operations will remain stable. SMM expects that next week (June 12–June 18) the copper wire and cable operating rate will continue to increase by 0.3 percentage points WoW to 71.33%, down 1.93 percentage points YoY.