The State Grid Corporation of China operates in 26 provinces (autonomous regions and municipalities directly under the Central Government) in China, providing power to 88% of the country's land area and serving a population of over 1.1 billion. Over the past two decades or so, State Grid Corporation of China has consistently maintained the world's longest safety record for super-large power grids, completing 40 ultra-high voltage transmission projects. It has become the world's power grid with the strongest transmission capacity and the larget scale of new energy grid connection. The company's patent ownership has consistently ranked first among central enterprises.
Since its establishment, our company has been deeply cooperating with State Grid Corporation of China. We have always adhered to the original intention of "professional collaboration and serving the energy industry", and have carried out close collaboration in multiple key areas such as smart grid construction, operation and maintenance of power equipment, and technical support for new energy grid connection.
Relying on their respective technological advantages and resource endowments, both sides have jointly participated in major projects such as the construction of the substation cluster in Bole City, Xinjiang, and the upgrading and transformation of the smart grid along the East China coast. They have cumulatively provided core equipment and technical support for over 120,000 kilometers of transmission lines, contributing to the improvement of cross-regional power distribution efficiency and the safety and resilience of the power grid. In the field of new energy, the integrated grid-connected solution of wind, solar and storage developed through cooperation has been applied in multiple new energy bases in Northwest China, effectively promoting the efficient consumption of clean energy.
This in-depth cooperation not only consolifies the collaborative foundation of both sides in the energy industry chain, but also fulfills the responsibility of serving the national energy strategy with concrete actions. Looking ahead, we will continue to join hands with State Grid Corporation of China to expand the boundaries of cooperation in areas such as the digital transformation of power grids, the integration of new energy storage technologies, and the revitalization of rural power grids, and jointly contribute to the construction of a safe, stable, green and efficient new power system.