Looking back on the first half of the year, Far East Smarter Energy Co., Ltd. (abbreviation: Far East Shares, stock code: 600869) has always adhered to the general keynote of "seeking progress while maintaining stability, and making rapid progress while maintaining stability", and the operation and development of the smart cable network industry has reached new heights. Looking forward to the second half of the year, with the gradual implementation of the policy of stabilizing growth, the marginal recovery of consumption and investment demand will form an important support for the overall recovery of China's economy. The rapid landing of power grid investment, the high prosperity of the new energy industry, and the expected recovery of the real estate market will lay a good foundation for the healthy and sustainable development of the company's smart cable network industry. As the impact of the sixth wave of the epidemic on economic activities gradually subsided, the policy of stabilizing growth began to be gradually implemented. With the strategic depth of new infrastructure and traditional infrastructure, the compatibility of state capital and social capital, and the simultaneous advancement of urban planning and rural revitalization, the marginal recovery of consumption and investment demand will further boost corporate profitability and market confidence, and support China's economy. Full recovery.

Electric power investment is one of the important ways to stabilize growth. From January to June 2022, the national power investment will grow steadily. Data show that from January to June, the major power generation enterprises in the country completed investment of 215.8 billion yuan in power projects, a year-on-year increase of 14.0%. Among them, solar power generation was 63.1 billion yuan, a year-on-year increase of 283.6%. The investment in power grid projects was 190.5 billion yuan, a year-on-year increase of 9.9%. As of the end of June, the national installed capacity of power generation was about 2.44 billion kilowatts, a year-on-year increase of 8.1%. Among them, the installed capacity of wind power was about 340 million kilowatts, an increase of 17.2% year-on-year, and the installed capacity of solar power generation was about 340 million kilowatts, an increase of 25.8% year-on-year. Prospects for the second half of the year In the first half of this year, Far East Co., Ltd. has always adhered to the general keynote of "seeking progress while maintaining stability and making rapid progress while maintaining stability", and its business development has reached new heights. From January to June, Far East Co., Ltd. received a total of 10.997 billion yuan of contract orders from its subsidiaries that won bids/signed contracts of more than 10 million yuan, a year-on-year increase of 40.20%. Among them, from January to June, the smart cable network sector won bids/signed contracts with orders of more than 10 million yuan worth 9.967 billion yuan, a year-on-year increase of 47.57%.

As a listed company of all types of wires and cables, the smart cable network industry of Far East Co., Ltd. will rely on its leading advantages in green building, smart manufacturing, smart grid, clean energy, smart transportation, digital communications and other industries, actively respond to national policies, and continue to play a role in smart Advantages in the cable network field, contribute to the construction of a new smart grid system; continue to strengthen technologies and products in wind power, photovoltaic, nuclear power, hydropower and other market segments, maintain the leading position in the market segment, and help the country achieve "carbon peaking and carbon neutrality" ; Continue to expand its leading advantages in intelligent transportation, intelligent manufacturing, green building, etc.; comprehensively promote precise research and development, intelligent manufacturing, and digital and intelligent operation of the entire value chain; accelerate the Far East Yibin Intelligent Industrial Park project, high-end offshore and submarine cable industry base projects, optical The construction of the rod optical fiber and cable project, the completion of the intelligent cable expansion project, and the rapid release of production capacity; the continuous deepening of strategic cooperation with the world's top 500 and China's top 500; Give full play to the accumulated industrial advantages, seize industry opportunities, and strive to achieve leapfrog on the track of high-quality development.