Recently, the full series of AEM hydrogen production products under Hydrogen-Powered Energy has entered a new phase of large-scale deployment and delivery, with six benchmark projects being advanced simultaneously. The business scenarios comprehensively cover core fields including scientific research and innovation, hydrogen production under special operating conditions, energy storage-electrolysis coupling, and industrial distributed hydrogen production. The product power spectrum is complete, extending from low-power scientific research equipment to 250kW large-scale industrial-grade equipment, comprehensively verifying the enterprise's outstanding capabilities in universal adaptability, technological innovation, scenario implementation, and personalized customization services for AEM hydrogen production products. Targeting the hydrogen energy research needs of universities and scientific research institutions, the enterprise has developed dedicated equipment for the 2.5kW AEM Electrolysis Hydrogen Production Scientific Research Platform . This standardized hydrogen production equipment is tailor-made for laboratory scenarios and can fully satisfy various scientific research experimental needs such as fundamental hydrogen energy theoretical research, core material performance testing, and electrolysis reaction mechanism exploration. The equipment adopts a lightweight integrated architecture, with a compact overall size and flexible installation and deployment. It supports dynamic power regulation across a wide range, precisely aligning with the refined and diversified operating condition standards of scientific research experiments. Meanwhile, it is equipped with a full-dimensional real-time data acquisition system, enabling traceable operating conditions and customizable experimental parameters, providing highly reliable and adaptive hardware support for industry-academia-research innovation in the hydrogen energy field. In the innovative field of energy coupling and co-production, the enterprise has implemented the 2.5kW AEM Hydrogen Production Coupled with Organic Liquid Electrolysis Project , breaking through the limitations of single functionality in traditional hydrogen production models. This project serves as a supporting facility for China Southern Power Grid's research on key technologies for organic liquid electrochemical hydrogen storage. It innovatively adopts an integrated linkage technology of AEM water electrolysis for hydrogen production and organic liquid electrolysis for hydrogen storage. While completing electrolytic hydrogen production, it achieves organic liquid electrochemical hydrogenation and dehydrogenation linkage operations through the cathode and anode reactions, constructing a new integrated hydrogen production and storage system. This technology can effectively adapt to scenarios such as power grid energy storage peak shaving and new energy consumption, solving the industry challenges of single profit models and low comprehensive returns of traditional hydrogen production projects, and providing a brand-new technical implementation path for the efficient utilization of comprehensive grid energy and the coupled co-production of hydrogen energy and chemical industries. Targeting special operating scenarios such as marine and specialized water environments, Hydrogen-Powered Energy has successfully delivered the 5kW AEM Direct Seawater Electrolysis Hydrogen Production Testing Platform , supporting a scientific research project at a national key laboratory. This equipment can achieve direct electrolysis of seawater for hydrogen production without complex pretreatment processes. Its rated hydrogen production capacity reaches 1Nm³/h, with a unit hydrogen production energy consumption as low as 4.3kwh/Nm³. The system features excellent chlorine corrosion resistance and can adapt to complex seawater conditions. The successful delivery of this equipment marks a critical breakthrough by the enterprise in the core technology of direct seawater electrolysis for hydrogen production. It can provide mature and feasible technical solutions for special scenarios such as resource recovery hydrogen production from industrial wastewater, supporting energy supply for offshore new energy, and island off-grid independent hydrogen production, demonstrating extremely high technological innovation value and scenario application scarcity. Focusing on the construction of new-type power systems and the demands for new energy consumption, the enterprise has launched the 25kW AEM Small-Scale Hydrogen Energy Storage System , primarily targeting distributed energy storage supporting applications. This system is custom-developed for distributed grid energy storage and wind power, PV and NEV sectors consumption scenarios. It possesses second-level rapid power response capabilities, can adapt to wide-range power fluctuations, and precisely matches the intermittent and fluctuating power generation characteristics of PV and wind power. The equipment adopts a highly integrated modular design, with simple operation and maintenance and strong scenario adaptability. It can quickly accomplish the efficient conversion and storage of green electricity into hydrogen energy, building a small-scale closed-loop hydrogen energy storage system. This effectively assists the grid in peak shaving and valley filling, promotes local and nearby consumption of new energy, and represents premium implementation equipment for distributed hydrogen energy storage in current new-type power systems.

On April 16, SEVB held its inaugural Technology Day, officially launching the **"Xin Na Qing" sodium-ion battery full-scenario solution**, covering two core fields—vehicle power and power grid energy storage—while simultaneously unveiling its AI + battery strategy. The event featured the release of a 388Ah large-capacity sodium-ion battery cell dedicated to energy storage, with a cycle life exceeding 20,000 cycles (70% capacity retention), a low-temperature discharge capacity retention rate exceeding 85% at -40°C, and room-temperature energy efficiency 7% higher than LFP batteries. A 54Ah high-C-rate sodium-ion battery cell supporting 12C discharge was also introduced, suitable for large power frequency regulation scenarios. In the vehicle sector, a low-temperature power sodium-ion battery cell was launched, featuring an energy density of 180Wh/kg and usable capacity exceeding 80% at -40°C.

[Magnesium Alloys Lead New Quality Productive Forces, Hydrogen Storage Goes Global + Vehicle Weight Reduction Reaches New Peaks] China’s magnesium alloy sector achieved two major breakthroughs, demonstrating the strong capabilities of indigenous innovation. On the one hand, a large-scale magnesium-based solid-state hydrogen storage device equipped with proprietary technology was successfully loaded at Shanghai Waigaoqiao Port and shipped to Malaysia, addressing longstanding pain points in traditional hydrogen storage and transportation and filling a gap in international maritime transport technology. On the other hand, the semi-solid injection-molded magnesium alloy seat frame assembly of FAW Hongqi was successfully installed, marking a key upgrade in vehicle lightweighting, with significant weight reduction achieved for each assembly. Spanning the two core fields of hydrogen storage and transportation and vehicle lightweighting, these achievements accelerated the scaled-up application of the magnesium alloy industry.

On June 11, the 24th Shanghai International Power Equipment and Generator Set Exhibition (GPOWER 2025 Shanghai Power Expo) opened in Shanghai. As a bellwether in the global power sector, the Shanghai Power Expo has always been a key platform for industry exchanges and innovation displays, witnessing numerous technological breakthroughs and industrial transformations. YUANCHENG Methanol-Hydrogen Power made another appearance at the Shanghai Power Expo, showcasing its latest methanol-hydrogen electric power solutions that cover the full range of scenarios from 20kW to 420kW. It also unveiled two star products on-site: the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station, achieving efficient power supply with green fuel and uninterrupted energy replenishment for 24 hours, attracting the attention of numerous industry experts and exhibition guests. At the exhibition site, Xing Min, Executive Vice President of the China Internal Combustion Engine Industry Association, delivered a speech on-site, highly affirming the YUANCHENG methanol-hydrogen electric system and giving high praise to YUANCHENG's methanol-hydrogen electric products: "Methanol-hydrogen electric power is a new achievement in the diversified development of power and energy. Methanol fuel, with its advantages of being clean, renewable, and low-cost, has received strong support and promotion from the state. The methanol-hydrogen electric system achieves reductions in carbon emissions and energy consumption costs, which is of great significance to national energy security and industrial development." Centering around the construction of the methanol-hydrogen ecosystem, YUANCHENG has joined hands with industry chain partners. Vice President Xing Min, along with the guests present, witnessed the strategic signing of a contract for 528 methanol-hydrogen electric systems between YUANCHENG and its strategic partners. Through collaboration and synergistic innovation, both parties will promote the application of methanol-hydrogen electric technology in more fields and jointly usher in a new era of methanol-hydrogen power. At the exhibition site, the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station made their grand debut. By replacing traditional diesel generators with methanol-hydrogen electric generator sets, they offer a green, environmentally friendly, efficient, and economical solution for the power generation industry, providing new operational solutions. The YUANCHENG Mobile Power Supply Vehicle is not restricted by site or power grid. It uses green methanol fuel for mobile power supply and can provide uninterrupted energy replenishment for 24 hours. It solves the problem of charging and energy replenishment difficulties for new energy electric vehicles during peak travel periods on holidays and in remote areas. The vehicle is equipped with a 320kW methanol-hydrogen electric generator set, adopting lean-burn technology and a high-compression-ratio, high-tumble combustion chamber structure, with lightweight and modular designs for the cylinder head cover, oil pan, crankcase ventilation, etc. It achieves efficient combustion and low-carbon operation, reducing NOx by ≥98%, PM by ≥97%, and CO by ≥93%, while also offering better economic efficiency. The power generation cost of the mobile power supply vehicle is more than 50% lower than that of diesel. The YUANCHENG Mobile Power Supply Vehicle is equipped with a charging pile featuring 4 guns. The charging pile dynamically adjusts charging parameters based on data provided by the EV's battery management system, supporting the optional AC grid-connected power supply function. The configured charging pile supports a maximum output current of 250A and a maximum output power of 320kW, capable of simultaneously charging 4 EVs. Moreover, the charging pile is built into the vehicle's compartment, allowing for flexible deployment and on-call service. The multiple noise-reduction design (such as impedance composite mufflers, vibration isolation cushions, optimized air ducts, and sandwich cabin structures) effectively ensures a quiet charging environment. To meet the power supply needs of specific scenarios such as oilfields, Yuanchun's energy replenishment stations adopt a distributed multi-unit methanol-hydrogen electric system for grid connection, providing stable output and lower TCO costs. The operating cost is 1.14 yuan/kWh. Based on an annual operating time of 6000 hours, methanol-hydrogen electric charging piles can save 2.894 million yuan in annual fuel costs compared to diesel charging piles, allowing for the recuperation of the cost of an additional energy replenishment station within just one year of operation. Remote methanol-hydrogen electric power boasts several outstanding advantages: in terms of technological innovation, it applies technologies such as high compression ratios, high-energy ignition, high-tumble combustion chambers, optimized intake and exhaust systems, and turbocharged intercooling to achieve efficient combustion and robust power; in terms of economy, it precisely optimizes combustion through technologies like closed-loop control of the theoretical air-fuel ratio, offering a cost-effective and low-cost usage experience. It has a wide range of application scenarios, not only fitting various types of commercial vehicles but also successfully applied to construction machinery such as excavators, loaders, and cranes, as well as mining trucks, ships, and generator sets, providing high-value solutions for the full-scenario application of new energy. Especially in the shipping sector, remote methanol-hydrogen electric shipping solutions cover ship types ranging from 1000 to 15000 mt. Compared to pure electric solutions, they offer longer driving ranges and lower initial investments, enabling clean electric drive in offshore, river, and lake environments while enjoying policy subsidies, making them the preferred power source for green shipping. Taking an 80-meter, 2000-mt inland river cargo ship as an example, equipped with 2×280kW methanol-hydrogen electric systems + 290kWh batteries + 300kW dual motors, fuel costs are reduced by nearly 50% compared to diesel. Compared to pure electric ships, the increased cost of the power system can be recouped within 5 years. At this year's Shanghai Power Expo, multiple partners showcased their flagship products equipped with remote methanol-hydrogen electric systems, becoming the undeniable focus of attention. The "circle of friends" within the remote methanol-hydrogen electric ecosystem is continuously expanding. In the future, Yuanchun will continue to drive technological innovation and industrial collaboration, deepen full-scenario layouts, contribute core strength to the global power technology revolution and green low-carbon development, and accelerate the comprehensive arrival of the methanol-hydrogen era.

Against the backdrop of intensifying global competition in high-end manufacturing and domestic industrial structure upgrading, the titanium industry, as a vital component of the new materials sector, is ushering in a new wave of development opportunities. From titanium ore mining and beneficiation to high-end titanium product manufacturing, and from low-level, disorderly exploitation to green and innovative advancements, Yunnan Province is accelerating the layout of its titanium industry chain, leveraging its abundant titanium resources, clean energy advantages, and geographical strengths. With the vision of a "Green Titanium Valley," it has emerged as a new force in China's titanium industrial landscape. Clustered Enterprise Development An Increasingly Refined Industry Chain At the LB Group's Yunnan base in Qingfeng Town, Lufeng City, Chuxiong Yi Autonomous Prefecture (hereinafter referred to as "Chuxiong Prefecture"), the 3,500-acre facility is meticulously arranged. In the packaging workshop of LB Lufeng Titanium Co., Ltd., chlorination-process titanium dioxide is fully automated and isolated during bagging, with rows of conveyor belts neatly stacking the packaged titanium dioxide. Daily, 380 mt of titanium dioxide is shipped from here. Over the past four years, driven by technological upgrades and innovation, the operational stability of the company's chlorination-process titanium dioxide production line has significantly improved, with both production and output value steadily increasing for four consecutive years. Production rose from 40,000 mt in 2020 to 121,000 mt in 2024, while output value grew from 1 billion yuan in 2020 to 2.44 billion yuan in 2024. Titanium is hailed as the "third metal" following iron and aluminum, rapidly rising in prominence, and is also celebrated as the space metal, ocean metal, bio-metal, and future metal. The global titanium industry has only an 80-year history, and due to the complexity of titanium metallurgy, only a few countries—such as the US, Russia, Japan, and China—have established comprehensive titanium industrial research and application systems. Yunnan Province boasts unique titanium resources with exceptionally favorable mining conditions. By 2020, 66 titanium ore deposits had been discovered in the province, with proven reserves of 55.61 million mt, ranking third nationally. These resources are primarily distributed in central, southern, and western Yunnan. Among them, the central Yunnan mining area, located at the intersection of southern Yunnan, western Yunnan, and the Panzhihua mining area in Sichuan, serves as the central hub of titanium resource distribution in south-west China. This region is densely surrounded by titanium industries, having developed and formed the Fumin titanium salt industrial base, represented by sulfate-process titanium dioxide; the Lufeng titanium industrial base, characterized by chlorination-process titanium dioxide, sponge titanium, and titanium processing; and the Wuding titanium industrial base, known for its production of high-titanium slag and other titanium-rich materials. In 2021, the green titanium industrial cluster jointly developed by Lufeng City and Wuding County received provincial recognition and support as a cultivation-type advanced manufacturing cluster. Recently, it was also included in the development scope of the central Yunnan rare and precious metals new materials industrial cluster, earning national-level recognition as an advanced manufacturing cluster. Benefiting from its superior transportation, geographical location, and solid industrial foundation, the titanium industry in Chuxiong Prefecture has flourished. Currently, Chuxiong Prefecture has gathered over 30 titanium industry enterprises, forming a complete industry chain from titanium ore mining and beneficiation to the production of high-titanium slag, chloride-process titanium dioxide, titanium sponge, and titanium materials. It has become the only region in China and even globally with a complete titanium industry chain. In Lufeng City, the titanium industry has clustered, forming a collective development trend. In May 2019, Yunnan Metallurgical Xinli Titanium Industry Co., Ltd., which was on the verge of bankruptcy, was acquired by Lomon Billions Group. After restructuring, it received support from LB Group Co., Ltd. in various aspects such as talent cultivation, technological transformation, and technological innovation. "In 2023, the company's 200,000 mt chloride-process titanium dioxide project was completed and put into operation, and it has now become a leading enterprise in the titanium dioxide industry in Yunnan Province," Liu Hongxing, Chairman of LB Lufeng Titanium Industry Co., Ltd., told the author. Yunnan Guotai Metal Co., Ltd., also a subsidiary of LB Group, is mainly engaged in the production, R&D, and sales of titanium sponge. It has initially established a full-process industry chain of "titanium ore - titanium concentrate - high-titanium slag - titanium tetrachloride - electrolytic magnesium - titanium sponge," with an existing annual production capacity of 80,000 mt of high-titanium slag and 50,000 mt of titanium sponge, ranking first in the world in terms of titanium sponge production capacity. In 2024, the company's 30,000 mt/year rotor-grade titanium sponge production project reached full production, with an annual production capacity of 50,000 mt. Yunnan Titanium Industry Co., Ltd., located in Tuguan Town, Lufeng City, mainly produces titanium and titanium alloy casting ingots, titanium coils, titanium rod wires, and titanium wide and thick plates. In 2024, the company's production and sales volumes were both around 3,000 mt. Liu Kun, Deputy General Manager of the company, stated that with the continuous and rapid development of the titanium industry chain's process technology, the production and sales volumes of titanium products produced by the enterprise have steadily increased, and their application fields are rapidly expanding. The excellent metallic properties of titanium provide indispensable support for key fields such as aerospace, marine vessels, metallurgical and chemical engineering, medical devices, sports and leisure, and civilian products. The company focuses on the R&D of new titanium and titanium alloy products and the extended processing of titanium materials, actively applying its unique advantages to more fields. As of 2023, there were over 150 enterprises in Yunnan Province's titanium industry, with nearly 50 key producers. The total industrial output value of the titanium industry amounted to 11 billion yuan, of which 8.86 billion yuan was in Chuxiong Prefecture and 2.14 billion yuan was in Kunming. Enhancement of Innovation Capabilities Continuous Growth in Development Potential The preciousness of titanium mainly lies in its complex smelting process and high processing costs. Yunnan Province's titanium industry started relatively early, but due to limitations in talent, technology, capital, and institutional mechanisms, its development was relatively slow, and it remained in a state of low-level and disorderly development for a long time before the "13th Five-Year Plan" period. Seizing the opportunity presented by the green energy advantages under the "dual carbon" goals and the emergence of new growth points in titanium material applications, the Yunnan Provincial Party Committee and Provincial Government have attached great importance to the cultivation of the new materials industry, taking multiple measures to promote the transformation and upgrading of the titanium industry. A group of leading enterprises are driving the rebirth of the "Titanium Valley" in central Yunnan, aiming to expand, strengthen, and optimize the titanium industry. Under the leadership of LB Group, LB Lufeng Titanium Industry Co., Ltd. has carried out a series of technological transformations and innovations: innovating the feeding system to address issues of feeding stability and precise measurement; optimizing the refined control of the cyclone system to solve the long-standing problem of cyclone blockages that affected the continuous and stable operation of the system within the industry; and improving the process control parameters of the oxidation reaction to stabilize the quality of titanium dioxide base materials. Alongside the technological transformations for production resumption, the company has delved deep into the coupled mode of two chlorination processes, addressing not only the environmental protection issues related to wastewater treatment in titanium dioxide production but also significantly reducing the alkali consumption for treating the off-gas from the chlorination of titanium sponge in molten salt, saving over 10 million yuan annually and achieving a "1+1>2" complementary advantage between the two processes. At the LB Yunnan base, a centralized digital control system has integrated the scattered control systems from various workshops into a control building, enabling "interlocked" remote control and setting reasonable parameter values and operating procedures, allowing employees to easily control production. According to a relevant official from the Yunnan Provincial Department of Industry and Information Technology, as of 2023, there are over 20 innovative enterprises in the central Yunnan titanium industry, including 7 technology-based small and medium-sized enterprises, 5 high-tech enterprises, 2 provincial-level and above specialized and sophisticated "little giant" enterprises, and 1 national-level technological innovation demonstration enterprise. The number of effective invention patents per 100 million yuan of main business income for industrial enterprises above designated size has reached 1.27, 65% higher than the national average. Industry insiders have stated that Yunnan's titanium industry fully leverages its advantageous conditions, including resource advantages, complete industry chain advantages, industry-university-research collaboration advantages, and geographical advantages. Through rational layout and emphasis on key areas, it has formed a titanium industry cluster with upstream-downstream integration and industry-university-research collaboration, accelerating the R&D, production, and application promotion of titanium materials in fields such as aerospace, marine vessels, metallurgical and chemical engineering, military equipment, and civilian products, aiming to achieve rapid and comprehensive development of Yunnan's titanium industry. To address the shortage of high-end technical talents, in 2024, the Lufeng Municipal Government, in collaboration with Kunming University of Science and Technology, will jointly establish a Modern Industry College for Green Titanium and a Titanium Industry Research Institute, providing strong technical support for talent cultivation, industry-education integration, integration of science and education, industry-university-research collaborative innovation, and industrial technology breakthroughs in the regional titanium industry. According to relevant personnel from the Chuxiong Prefecture Bureau of Industry and Information Technology, in 2025, Chuxiong Prefecture will promote the "green electricity + advanced manufacturing" model across the entire industrial chain, fostering advantageous industrial clusters such as green titanium. Focusing on the entire chain of "resources - smelting - intensive and deep processing," it will accelerate the construction of seven projects aimed at complementing, extending, and strengthening the titanium industry chain, including the boiling chlorination raw material project, the Zhongzhou Carbon Materials project, and the Dongkai Vanadium-Scandium Resources Comprehensive Utilisation project. Additionally, centering on the intensive and deep processing of 80,000 mt of titanium sponge by LB Group and Guotai Metal Company, it will expedite the cooperation between Yunnan Titanium Industry Co., Ltd. and Yunnan Precious Metals Group to develop high-end titanium alloys and composite materials, thereby expanding enterprise products into fields such as aerospace, military industry, medical treatment, electricity, chemicals, and water treatment.

Recently, China Petroleum Baoshi Pipe Industry Co., Ltd. (hereinafter referred to as "Baoshi Pipe Industry") successfully trial-produced its first titanium alloy coiled tubing through independent R&D, filling the product gap in this field for China National Petroleum Corporation (CNPC). This marks a significant technological breakthrough for Baoshi Pipe Industry in the high-end energy tubing sector, providing core equipment for the development of oil and gas resources in harsh environments such as deep sea, ultra-deep wells, and highly corrosive conditions. It is reported that the density of titanium alloy coiled tubing is only 57% of that of steel, featuring high strength, lightweight, high corrosion resistance, and high fatigue resistance. Compared with carbon steel coiled tubing of the same steel grade, it can significantly increase the depth of the tubing string, meeting various operational needs in fields such as drilling and completion, oil and gas production, and oil and gas gathering and transportation during oil and gas extraction. To overcome the technical challenges in manufacturing titanium alloy coiled tubing, Baoshi Pipe Industry formed a project team, developed a detailed implementation plan, and, through repeated tests and multiple rounds of trial production, optimized the selection of titanium alloy raw materials, identified suitable welding materials, and upgraded key equipment for full-process gas protection, forming, and welding. "We have broken through key technologies such as springback control in cold bending of titanium alloy, high-precision, high-energy-density, and efficient continuous laser welding, and online gas-protected annealing treatment. We have successfully trial-produced the company's first reel of titanium alloy coiled tubing, which fully meets performance requirements," said Zhao Kun, the chief expert of Baoshi Pipe Industry. He introduced that this trial production not only significantly improved the production efficiency of titanium alloy coiled tubing but also avoided issues such as reduced corrosion resistance caused by oxygen and hydrogen absorption in the weld seam during the welding process of titanium alloy, providing new solutions for the development of oil and gas resources in China's onshore deep wells exceeding 10,000 meters, harsh corrosive operating environments, and offshore fields.

[vivo Launches Top Talent Recruitment Plan: Covering Fields Such as Chips, AI Large Models, with Uncapped Compensation] vivo recently launched a top talent recruitment project named "Blue Star Plan," covering core fields such as chips, AI large models, and XR. According to the recruitment information, the Blue Star Plan is positioned as vivo's most core talent strategy initiative, targeting top talents from global universities. In terms of compensation, vivo offers conditions that match top academic backgrounds, top-tier work and learning resources, provides dedicated job mentors and experts, and promises uncapped compensation. However, the threshold for the Blue Star Plan is also high, as it is only open to doctoral students.

Gree Electric Appliances (000651.SZ) released its 2024 annual performance report today, revealing a decline in revenue and an approximately 11% year-on-year increase in net profit attributable to the parent company's shareholders. Considering the performance of several leading home appliance producers that have already disclosed their results, it is an indisputable fact that the growth of traditional home appliances is sluggish, and finding new sources of performance growth has become one of the most important issues facing these producers. A reporter from Cailian Press noticed that in its 2024 annual report, Gree Electric adjusted its long-standing revenue composition classification, which may reflect a psychological shift in the company's approach to diversification. According to the financial report data, Gree Electric achieved operating revenue of 189.164 billion yuan in 2024, a 7.26% decrease from 2023, and a net profit attributable to the parent company's shareholders of 32.185 billion yuan, a 10.91% increase from the previous year. During the same period, the net operating cash flow of Gree Electric decreased significantly by 47.93% compared to 2023, and the weighted average return on net assets dropped by 1.11%. In comparison with peers, Gree Electric's performance report is not unexpected. The previously disclosed performance data showed that Midea Group (000333.SZ) achieved revenue growth of 9.44% and net profit growth of 14.29% in 2024, while Haier Smart Home (600690.SH) saw increases of 4.29% and 12.92% in these two indicators, respectively, compared to the previous year. Although the three home appliance giants have extended their business reach into more fields, home appliances still remain their highest-weighted source of revenue in terms of revenue proportion. Data shows that in 2024, the average revenue growth rate of the A-share home appliance sector was only 8.16%, and the average net profit growth rate was even lower at -43.27%, marking the lowest level in the past three years. With the traditional home appliance market showing signs of fatigue, seeking new growth space through diversification has become an inevitable choice for producers. Midea Group's main products now cover fields such as smart homes (including home appliances), new energy, smart buildings, and robots. In addition to consistently promoting refrigeration and washing products, Gree Electric has also expanded its main business to include industrial equipment manufacturing and green energy. Regarding diversification, a subtle change in Gree Electric's 2024 annual report is worth noting. A reporter from Cailian Press observed that in 2021, Gree Electric began classifying its revenue composition into seven categories in its annual report: air conditioners, household appliances, industrial products, intelligent equipment, green energy, other main businesses, and other businesses, a classification that was maintained until 2023. However, in the 2024 annual report, the revenue composition was adjusted to five categories: consumer appliances, industrial products and green energy, intelligent equipment, other main businesses, and other businesses. In other words, in the 2024 annual report, Gree Electric no longer separately discloses specific data for air conditioners and household appliances (mainly including refrigeration and washing products, kitchen appliances, etc.), and the same applies to industrial products and green energy. Against the backdrop of sluggish growth in the traditional white goods market, the expansion of Gree Electric's businesses beyond air conditioners has been a topic of great concern among investors. During the previous shareholders' meeting, topics such as refrigeration and washing businesses and Gree Titanium were also mentioned more frequently. However, according to public media reports, Dong Mingzhu still holds high expectations for Gree's refrigeration and washing businesses. As for Gree Titanium, Dong Mingzhu hopes that the outside world will give it room to grow. The adjustment in the classification of revenue composition has led to less focus on the specific progress of certain segmented businesses, which may align with Dong Mingzhu's expectation of "giving room to grow." However, Gree Electric's path to diversification obviously cannot completely avoid investors' attention. A long-term investor in Gree Electric previously revealed in an interview with a reporter from Cailian Press that they do not hold high expectations for the short- to medium-term performance contributions of Gree Electric's refrigeration and washing businesses or Gree Titanium. In terms of certainty, the competitiveness of Gree Electric's air conditioning products (especially in the high-end market) and the gradually expanding overseas market may be more worthy of attention.

The CLNB 2025 (10th) New Energy Industry Expo, hosted by Shanghai Metals Market (SMM), will be grandly held at the Suzhou International Expo Center from April 16 to 18, 2025. Concurrent with the exhibition, there will be 1 main forum and 10 sub-forums, attended by government leaders, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries. Witness the gathering of industry leaders, delve into core technologies, listen to expert discussions, interpret market trends, and focus on key issues in Suzhou. We invite you to join us in dissecting the development of the industry. This year's expo covers 6 major exhibition areas, with over 1,300 domestic and overseas exhibitors and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, and new energy vehicles, power tools, electric drives, and the low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form and register immediately to discuss the future development of the new energy industry with industry elites. We look forward to your arrival and to opening this feast of the new energy industry with SMM. At this year's New Energy Industry Expo, Zhongyu (Tianjin) New Energy Technology Co., Ltd. will make a grand appearance, discussing industry cooperation, sharing development opportunities, and jointly painting a beautiful blueprint for the new energy industry with peers in the new energy sector. About Langsheng: Specializing in magnetic separation technology, the company is headquartered in Jinnan District, Tianjin. It is a comprehensive enterprise engaged in the R&D, production, and sales of iron removal equipment, focusing on the development and production of professional magnetic removal equipment for metal particles and magnetic impurities in the field of new energy battery materials. It is a key supported enterprise in the new energy industry in Tianjin. Established in 2018, the company has three independent production factories with a production workshop area of 9,700 m² and two R&D and management office buildings of 3,800 m². It has been awarded the national high-tech enterprise qualification, the Tianjin Eagle Enterprise, and possesses over 40 patented core technologies, software copyrights, and AAA enterprise credit certification. Since its establishment, the company has adhered to the principle of "honesty and trustworthiness," upheld the business philosophy of "quality, innovation, and service," and always aimed at "customer satisfaction," insisting on "focusing on magnetic separation technology." It is the only domestic company that benchmarks against foreign brand enterprises. To better serve customers, the company has set up offices in Yunnan and Kunming, providing rapid technical and after-sales service support for customers in Yunnan, Guizhou, and Sichuan. The company specializes in the development of electromagnetic iron removers, permanent magnet iron removers, and other equipment, meeting the needs of users for material testing and customized services. It has a complete set of independent laboratory testing equipment, providing one-stop iron removal equipment and related technical consultation and after-sales service solutions for domestic and overseas battery material factories. The product series deeply focuses on new energy battery materials (ternary cathode material, ternary cathode precursor, LFP, iron phosphate, lithium carbonate, lithium hydroxide, anode graphite, silicon carbon anode, sodium-ion battery material) and other materials' iron removal solutions, committed to becoming a well-known professional solution provider for metal particles and magnetic impurities. Contact Information: General Manager: Panhu Zhao Email: zykjtiger@126.com Product Introduction: Dry Powder Electromagnetic Iron Remover Working Principle Process: 1. Magnetic Field Generation and Material Separation - After the electromagnetic coil is energized, a high-gradient magnetic field is generated, and the magnetic medium amplifies the magnetic field strength to the working range; - When the powder material flows vertically through the material cylinder, magnetic impurities are adsorbed on the surface of the medium, and non-magnetic substances pass through smoothly. 2. Automatic Slag Discharge - Adsorption stage: The PLC controls the material valve to maintain the "iron removal mode," and the material continuously passes through the separation area; - Slag discharge stage: The magnetic field is turned off instantly (demagnetization is completed in 0.1 seconds), the vibration motor starts to remove residual magnetic substances, and the material valve switches to the "slag discharge channel" to discharge impurities. 3. Cooling and Stability Assurance - Internal circulating oil cooling system: Ensures the coil temperature rise ≤15℃, promising a service life of over 10 years. Technical Advantages: 1. High-Efficiency Separation Performance - 22-layer magnetic medium stacking design, increasing the probability of magnetic substance capture by 5-10%, and the single-machine working efficiency is 20-25% higher than that of similar equipment in the market. 2. Maintenance Cost Optimization - Standardized spare parts and hoisting arm design: The medium module replacement efficiency is increased by 30%, and the annual spare parts cost is reduced by 50-70%; - Welding-free fixing process: Avoids the easy damage of traditional threaded structures and extends the medium's life. 3. Intelligent Control - Supports shift quota shutdown, multi-level operation authority management, and adapts to the lean production needs of enterprises. Slurry Electromagnetic Iron Remover Features: Special cooling system oil circuit internal circulation design ensures the heat dissipation of the electromagnetic coil, preventing local overheating damage. Under the condition of ensuring normal cooling water circulation and regular maintenance, our company promises that the service life of the electromagnetic coil can be guaranteed for over 10 years; The control system adopts a constant current design for the electromagnetic coil excitation (PLC automatic voltage regulation), which does not require manual adjustment due to the decrease in the magnetic field caused by the increase in coil temperature; The material channel can be treated with PTFE/ETFE spraying to reduce the risk of introducing magnetic impurities; The automatic slag discharge system pipeline adopts high-performance ball valves to reduce the risk of later failures; It can achieve a large flow design (300 m³/hour) and ultra-high air-core field strength design (air-core field strength 10,000 Gauss, working field strength 40,000 Gauss); The electrical control cabinet is operated by a touch screen (HMI human-machine interface), which is convenient for operation, and the dynamic display content can monitor the operating status of the equipment in real time. Detailed alarm prompt information ensures that equipment fault information is fed back to the operator in the first time. Automatic Cleaning Permanent Magnet Iron Remover (Pneumatic Scraper Type): This equipment uses PTFE and polymer two scrapers to mimic manual wiping of magnetic substances adsorbed on the surface of the magnetic rod; Compared with traditional drawer-type permanent magnet iron removers, the time for cleaning magnetic substances each time is shortened to 10-15 seconds. When the solenoid valve is energized, the cylinder pushes and pulls the drawer magnetic rod to complete the cleaning of magnetic substances; It is suitable for high-altitude installation. When manually cleaning, the solenoid valve control switch is installed on the ground, and the control switch can be operated during cleaning; If the specially designed PLC electrical control box of our company is selected, it can achieve unattended automatic demagnetization on the production line, and the demagnetization time can be set according to the process requirements. Rotating Self-Cleaning Permanent Magnet Iron Remover: Compared with drawer-type permanent magnet iron removers, the rotating iron remover is more suitable for sticky or poorly flowing materials that are prone to caking, bridging, and clogging; Since the magnetic rod is in a rotating state during the material falling process, magnetic impurities can more fully contact the magnetic rod, improving the demagnetization efficiency; This equipment is particularly suitable for high-altitude installation, where manual cleaning is difficult to reach. The solenoid valve control switch can be installed on the ground, and the control switch can be operated during cleaning; If the specially designed PLC electrical control box of our company is selected, it can achieve unattended automatic demagnetization on the production line, and the demagnetization time can be set according to the process requirements. Semi-Automatic Pipeline Iron Remover: The slurry material flows in from the bottom inlet, passes through four pipes with magnetic rods in sequence. When the material passes through the magnetic rods, magnetic substances are adsorbed onto the magnetic rods, and non-magnetic substances pass through the pipes and flow out from the outlet, entering the next process to achieve the demagnetization effect. When the adsorption capacity of the magnetic rods reaches saturation, the inlet is closed, and the outlet is also closed. Then, the discharge port at the bottom of the equipment is opened to discharge the slurry retained in the pipes into the equipped receiving bucket. When the pressure gauge on the pipe shows zero pressure, the discharge port is closed, and the manual control valve is opened to lift the magnetic system to the cleaning height. At this time, the magnetic substances adsorbed on the magnetic rods can be manually cleaned into the equipped scrap tray. After cleaning, the manual control valve is closed, the magnetic system returns to the working position, and the inlet and outlet are opened at the same time, and the equipment operates normally. Fully Automatic Cleaning Pipeline Demagnetization Cart: The slurry material flows in from the bottom inlet, passes through the pipes with magnetic rods in sequence. When the material passes through the magnetic rods, magnetic substances are adsorbed onto the magnetic rods, and non-magnetic substances pass through the pipes and flow out from the outlet, entering the next process to achieve the demagnetization effect. Efficient Demagnetization: Through the built-in powerful magnetic force, it can efficiently adsorb and remove magnetic impurities in the slurry, ensuring the purity and quality of the slurry; Flexible Mobility: The demagnetization cart has flexible mobility and can be moved and positioned on the production line as needed, adapting to different working environments and production needs. [CLNB 2025—Hot Registration in Progress] CLNB 2025 (10th) New Energy Industry Expo April 16-18, 2025 Suzhou International Expo Center Contact Us

[Baidu and CATL Sign Strategic Cooperation Agreement to Collaborate in Autonomous Driving and Intelligent Digitalization Fields] According to CATL, Beijing Baidu Netcom Science and Technology Co., Ltd. and Contemporary Amperex Technology Co., Limited recently held a strategic cooperation signing ceremony in Ningde, Fujian. The two parties will collaborate in the two core fields of autonomous driving and intelligent digitalization, jointly promoting the popularization and development of autonomous driving travel services, as well as the application and promotion of AI in industrial sectors.