On March 20, 2026, the Ministry of Industry and Information Technology, together with the National Development and Reform Commission, the State-owned Assets Supervision and Administration Commission of the State Council, and the National Energy Administration, officially released the 'Implementation Plan for the High-Quality Development of Energy-Saving Equipment (2026-2028)' (hereinafter referred to as the 'Implementation Plan'). At the press conference of the Ministry of Industry and Information Technology, Wang Peng, Director of the Department of Energy Conservation and Comprehensive Utilization

[Policy Express] On March 20, 2026, the Ministry of Industry and Information Technology, together with the National Development and Reform Commission, the State-owned Assets Supervision and Administration Commission of the State Council, and the National Energy Administration, officially released the 'Implementation Plan for the High-Quality Development of Energy-Saving Equipment (2026-2028)' (hereinafter referred to as the 'Implementation Plan'). At a press conference held by the Ministry of Industry and Information Technology, Wang Peng, Director of the Department of Energy Conservation and Comprehensive Utilization, and Luo Junjie, Vice President of the China Machinery Industry Federation, introduced the key points of the policy in detail. As the core component of energy saving in motor systems, the efficient collaboration between frequency converters and motors has been highlighted many times, marking the industry entering a new stage of 'system energy saving'.

Recently, bad news in the market has followed one after another, and a wave of price increases has hit the entire industry. All kinds of material suppliers have issued price adjustment notices on WeChat Moments. Material price increases have generally exceeded 10%. Boosted by the continued high performance of core raw materials such as copper and aluminum, price increases are a foregone conclusion. The only variable is the size of the increase. According to industry predictions, most materials will see an overall increase of at least 10% starting from April. This will undoubtedly be a fatal blow to the already struggling small and medium-sized enterprises - there is no bargaining power downstream, and there is nowhere to pass on the pressure of price increases from the upstream. This sudden industry shock is a typical 'black swan' event.

Lensail recently received the 'High-tech Enterprise Certificate' (Certificate No.: GR202344207365) jointly issued by Shenzhen Science and Technology Innovation Commission, Shenzhen Finance Bureau, and State Taxation Bureau Shenzhen Taxation Bureau. The certificate was issued at: December 12, 2023, valid for three years. This certification fully proves Lensail’s innovation strength and development potential. It also represents the full recognition of Lensail’s R&D level, R&D strength and remarkable achievements by relevant national departments. The company will continue to increase investment in R&D, cultivate talent teams, accelerate the pace of technological innovation, enhance market competitiveness, actively promote the process of independent innovation and independent research and development, and contribute to the high-quality development of industrial automation and new energy automobile industries!

MarketsandMarkets, the world's second largest market research institution, recently released a report stating that the global smart grid market is expected to reach US$23.8 billion in 2018, and this number will reach US$61.3 billion in 2023, with a compound annual growth rate (CAGR) of 20.9% during the forecast period (2018-2023). The report believes that the main factors promoting the growth of global smart grids include: support from government policies and statutory mandates, improvements in smart grid reliability, and modernization of aging grid infrastructure. MarketsandMarkets classifies the smart grid market and forecasts the prospects for subdivided areas. In terms of software technology, the smart grid market is segmented into metering infrastructure, smart grid distribution management, smart grid management, grid asset management, substation automation, smart grid security, billing and customer information systems; in terms of hardware