On May 17, the National Equities Exchange and Quotations (NEEQ) officially released the Announcement on the 2024 Third Batch of Companies Elevated to the Innovation Layer (NEEQ Announcement [2024] No. 228). According to the announcement, Nanjing Oulu Electric Co., Ltd. (Stock Name: Oulu Electric, Stock Code: 871415) has been successfully elevated to the Innovation Layer. The adjustment took effect on May 20.

The Innovation Layer serves as a strategic reserve for the Beijing Stock Exchange. Oulu Electric has earned strong market recognition due to its outstanding operational performance, exceptional innovation capabilities, leading market share, and collaborative business models. Standing out among numerous companies in the Base Layer, the company has now officially been elevated to the Innovation Layer, laying a solid foundation for its advancement to a higher-level capital market platform.

Mr. Jiang Hua, Chairman of the Board, emphasized that entering the Innovation Layer represents a major step in accelerating the company’s strategy toward innovation-driven, market-oriented, and capital-enabled development. It also demonstrates the company’s proactive approach to navigating external challenges, reinforcing its ability to respond to market uncertainties with internal strengths, and reflecting its determined and enterprising spirit.

Oulu Electric, established in 2007, is recognized as a National High-Tech Enterprise, a specialized and innovative "Little Giant" enterprise designated by the Ministry of Industry and Information Technology of China, and a Jiangsu Provincial Private Technology Enterprise, as awarded by the Ministry of Industry and Information Technology (MIIT), and a Jiangsu Provincial Private Sci-Tech Enterprise. The company focuses on R&D, production, and sales of new energy power generation systems/equipment and industrial automation products. With strong emphasis on technological innovation, R&D investment, and talent development, it has been designated as a Nanjing Engineering Technology Center and a Jiangsu Provincial Engineering Research Center for Wind-Solar Hybrid Micro-Inverter Grid-Tied/Off-Grid Power Generation Systems. The company also operates postdoctoral and master's Research Station (R&D stations), maintaining a leading position in China’s specialized new energy power generation systems market.

Since its listing on the NEEQ (National Equities Exchange and Quotations) in 2017, Oulu Electric has further optimized its corporate governance, diversified financing channels, expanded operational scale, and strengthened technological innovation, achieving remarkable market performance. According to the 2023 annual report, the company's average annual growth rate in core business revenue over the past two years exceeded 31%.

Oulu Electric has always been committed to leveraging technology to drive innovation and using innovation to fuel development. Through continuous technological innovation, the company has accumulated a substantial portfolio of independent intellectual property rights and developed a comprehensive range of products that align with national policies, future trends, and market demands. Currently, the company has 12 ongoing research projects. In recent years, Oulu Electric has consistently increased its R&D investment, with rapid growth in R&D expenditure over the past three years, laying a solid foundation for the sustained delivery of high-quality R&D outcomes. As of the end of May, the company holds 19 authorized invention patents and 32 utility model patents.

Every long journey begins with a single step, and even at the pinnacle of success, there is always room to reach higher. Entering the NEEQ Innovation Layer marks a new starting point for Oulu Electric. Seizing this opportunity, the company will further strengthen its business capabilities and independent R&D prowess, persist in breakthroughs and innovation, deepen its expertise in the new energy power generation sector, and steadily enhance its capital strength to create greater value for investors.