Group 1 - The company, Jiuzhou Group (300040.SZ), has stated that it can provide power infrastructure for data centers and telecommunications operators [1]

格隆汇1月16日丨九洲集团(300040.SZ)在投资者互动平台表示，公司主要产品可为机场建设提供供电基 础设施和环境控制系统。 ...

证券日报网讯1月7日，九洲集团（300040）在互动平台回答投资者提问时表示，公司的网络能源产品有 些就是为数据中心场景服务的，主要用于数据中心基础设施建设，目前还没有在上述客户中应用。 ...

每经AI快讯，有投资者在投资者互动平台提问：贵公司和四川九洲有关系吗？ 九洲集团（300040.SZ）12月29日在投资者互动平台表示，公司与四川九洲没有关系。 （文章来源：每日经济新闻） ...

证券日报网12月19日讯九洲集团在12月17日至18日回答调研者提问时表示，公司目前在建和已拿到指标 容量超1GW，正在开发阶段的项目容量约2GW-3GW。这些在手项目指标和储备项目足够在未来3至5年 为公司新能源发电业务板块提供持续的增长，本年一季度末公司与华电合作的巴彦二期100MW风电项 目已经完成并网发电；9月底公司受让定边50MW风电项目股权。除此之外公司还有众多在建/储备项目 正处于有序进行建设和推进阶段。 （文章来源：证券日报） ...

证券日报网12月19日讯九洲集团在12月17日至18日回答调研者提问时表示，目前公司智能配电网设备订 单分布电网订单占比约1/3，电网外占比约2/3。公司智能配电网业务毛利约20%，净利率约3%，随着公 司订单量的增长和产能利用率的提高，规模效应的显现将使公司盈利水平得到改善。 （文章来源：证券日报） ...

Core Viewpoint - The company has significantly increased its supply to data centers and computing centers over the past two years, focusing on high-energy-density scenarios and new product demands [1] Group 1: Product Development - The company’s smart distribution network equipment is widely used in various high-energy-density scenarios [1] - The company has completed the design and development of modular UPS power supply systems and high-voltage direct current power supply systems specifically for data centers [1] - The company expects to complete relevant inspection and testing next month to obtain type test reports for these new systems [1] Group 2: Market Focus - The company maintains close attention and investment in research and development for power consumption scenarios represented by computing demand and new productive forces [1] - Current supply mainly consists of switchgear and DC power supplies [1]

证券日报网12月19日讯九洲集团在12月17日至18日回答调研者提问时表示，公司本年度累计收到国补回 款超过2亿元，回款速度明显加快，公司也在本期冲回了部分前期计提的应收账款。目前公司仍有约10 亿元国补应收款，含补贴电价的风光项目均已通过合规检查并进入"双目录"（合规清单和国补目录）。 （文章来源：证券日报） ...

南财智讯12月19日电，九洲集团在投资者关系活动中表示，公司积极探索"分散式风电+清洁能源供 暖"新型业务模式，已在黑龙江获得5个乡镇供暖项目资产，2个项目处于建设阶段，计划年内完成并 网。公司储备分散式风电指标超300MW，项目内部收益率预计可达10%以上。该模式契合国家"千乡万 村驭风行动"政策，具备良好的经济、社会与环境效益。未来将在东北及三北地区复制推广，进一步拓 展综合智慧能源业务增长空间。 ...

Group 1: Company Strategy and Product Development - The company has initiated a "Manufacturing Reboot" strategy since 2024, focusing on the R&D of various smart distribution network devices, including modular UPS systems and high-voltage direct current power systems [2] - The company is developing solid-state transformer (SST) products and has a strong technical background, having exported high-voltage frequency converter technology in 2012 [2] - The company has seen a significant increase in supply to data centers and computing centers, with a focus on modular power supply systems and high-voltage direct current power systems [3] Group 2: Financial Performance - As of Q3 2025, the company reported total revenue of CNY 947 million, a year-on-year decrease of 2.75%, while the net profit attributable to shareholders decreased by 41.09% [3] - The company achieved a net cash flow from operations exceeding CNY 1 billion, a year-on-year increase of 320% due to faster collection of renewable energy subsidies [3] - The company’s smart distribution network business has a gross margin of approximately 20% and a net profit margin of about 3% [5] Group 3: Market and Sales Strategy - The company aims for a 20% growth in its manufacturing sector orders compared to the previous year, with a focus on large clients and international sales teams [4] - The company has set a revenue growth target of 10% for its renewable energy generation business, supported by ongoing project developments [12] - The company has received over CNY 200 million in national subsidy payments this year, with approximately CNY 1 billion in outstanding subsidy receivables [4] Group 4: New Business Models and Projects - The company is developing a new business model combining distributed wind power and clean energy heating, with a projected internal rate of return exceeding 10% [8] - The company has secured over 300 MW of distributed wind power indicators and is working on five heating project assets [6] - The company has a project pipeline of over 1 GW in construction and an additional 2-3 GW in development for its renewable energy generation business [11] Group 5: International Expansion - The company has successfully bid for key energy projects in Central Asia and Cambodia, and is actively exploring opportunities in Belt and Road countries and ASEAN nations [14] - The company is optimistic about its overseas power generation business and is assessing multiple investment opportunities in wind and solar projects in Southeast Asia and Central Asia [15]