Longshine Technology Group Co., Ltd.

Longshine Technology Group Co., Ltd. is a prominent technology company listed on the ChiNext board of the Shenzhen Stock Exchange since 2017. It specializes in the power and energy industry, focusing on energy digitalization and the energy internet. The company integrates artificial intelligence technology to provide innovative and environmentally friendly electricity services through digital solutions and platform-based transactions, aiming to transform into a high-tech energy enterprise. Longshine's main business lines include energy digitalization and energy internet services. In energy digitalization, the company offers comprehensive software solutions to major clients in the electricity sector, such as the State Grid Corporation of China and China Southern Power Grid, supporting the development of new power systems. In the energy internet domain, Longshine operates various platforms, including utility payment services and aggregated charging solutions, enhancing market-based electricity transactions. The company has established a significant presence in the power market, holding retail licenses in 25 provinces and utilizing AI technologies to optimize electricity trading and demand response services.

1. Energy Digitalization: Providing Software Solutions to Energy Clients. The Company has been serving the power and energy industry for over 27 years, providing software solutions in electricity usage sector to clients such as SGCC and CSPG. It is deeply involved in the digital and intelligent transformation of power grids and the development of new power systems. It has continuously cultivated its expertise in electricity digitalization services for the two major grid operators while expanding its presence nationwide. Starting from core marketing service systems, the company has developed a diversified portfolio of key product lines, including marketing, data acquisition, load control, charging platforms, data middle platforms, and AI applications, supporting innovative implementations across multiple provinces. In terms of technological innovation, the company adopts a comprehensive “Cloud + AI” architecture, leveraging its leading AI capabilities to support the development of new power systems. 2. Energy Internet: Providing Electricity Transaction Services Through Energy Service Scenarios The Company has been delivering innovative services in energy internet for over 10 years, developing and operating a variety of energy service platforms and scenarios, including utility payment platforms, aggregated charging service platform, and virtual power plants. As market-based electricity trasaction becomes the norm, the Company leverages its established energy service scenarios to connect a wide range of user loads and distributed energy resources. By utilizing AI technologies, it enables market-based electricity transactions, offering users more convenient, cost-effective, and environmentally friendly electricity services. Energy Service Scenarios: 1) Utility Payment: In collaboration with platforms such as Alipay, the company provides users with a seamless, closed-loop online service for utility inquiries, bill payments, statements, and invoices across electricity, water, gas, and heating. 2) Aggregated Charging Service: The Company has established the Xindiantu charging service brand, integrating upstream and downstream industry resources and connecting various public charging stations to offer high-quality, convenient public charging services for NEV owners. 3) Virtual Power Plant: Leveraging energy IoT technologies, the company has built a distributed PV cloud platform that offers operational services such as monitoring and settlement for distributed solar power stations. This enhances efficiency and reduces costs while aggregating PV generation resources for participation in the electricity market. Also, the company has developed intelligent microgrids for integrated solar-storage-charging scenarios, such as EV charging stations and industrial parks. These microgrids operate based on AI-driven strategies, enabling intelligent internal power supply-demand matching and coordinated participation in external electricity markets. Power Market Transactions: The Company has obtained power retail licenses in 25 provinces. Leveraging its energy service scenarios, the Company aggregates load resources and distributed energy from small and medium-sized C&I users, EV charging stations, and industrial parks. Based on this foundation, it continuously enhances its AI forecasting models and develops AI-powered electricity trading agents to carry out large-scale and market-based power retailing, green electricity trading, and demand response services across a broad spectrum.