Response to Inquiry on Unit Price Data of Baobian Electric Transformers Exported to Europe

Based on my search and analysis, no exact public data can be found regarding

According to public information, Baobian Electric is mainly engaged in the R&D and manufacturing of 110kV-1000kV transformers [0], and its overseas business has the following characteristics:

• Overseas Revenue Proportion
  : In 2023, overseas revenue accounted for approximately 2.70% of total revenue [1]
• Main Export Regions
  : The export market is relatively balanced, covering regions such as France, India, and Indonesia, with a small proportion in the North American market [1]
• Overseas Capacity Layout
  : The company has an overseas production base in India [1]

From industry data, China’s transformer exports show a trend of both volume and price growth:

• Total Export Value of Chinese Transformers in 2023
  : USD 5.294 billion, a year-on-year increase of 19.90% [2]
• Proportion of Exports to Europe
  : In 2023, transformers exported from China to Europe accounted for approximately 22% of total Chinese transformer exports (7% in 2021) [2]
• Change in Average Export Unit Price
  : The average export unit prices in 2022, 2023, and the first half of 2024 were 9.2 yuan/unit, 13.6 yuan/unit, and 14.5 yuan/unit respectively [3]

1. Not Disclosed in Detail in Public Annual Reports
   - Enterprises usually only disclose the overall overview of overseas revenue or regional revenue, and do not break it down to the unit price data of individual products exported to specific regions
2. Commercially Sensitive Information
   - The export unit price and year-on-year change of specific products are trade secrets of the enterprise
3. Enterprise-Level Segmented Data Not Disclosed in Customs Statistics
   - Official statistical data only provides industry-wide export data

If you need more specific data on Baobian Electric’s exports to Europe, you may consider the following channels:

1. Raise a Question on the Shenzhen Stock Exchange Interactive Platform
   - Inquire directly with the company’s management
2. Attend the Company’s General Meeting of Shareholders
   - Learn about the company’s business details on-site
3. Consult Professional Industry Research Institutions
   - Some institutions may have more detailed industry research data
4. Review the Company’s Targeted Disclosure Reports
   - Pay attention to whether securities firms have released in-depth research reports

[0] Jinling API - Baobian Electric Company Profile Data

[1] Soochow Securities Research Report - Global Demand Resonance for Power Equipment, Domestic Enterprises Accelerate Going Global

[2] Southwest Securities Research Report - Sustained Strong Overseas Demand, Domestic Enterprises Accelerate Going Global

[3] China Galaxy Securities Research Report - Series on Chinese Enterprises Going Global: Surge in Global Power Grid Investment