Mission Statement, Vision, & Core Values (2026) of China Southern Power Grid Technology Co.,Ltd.

At the crossroads of national strategy and cutting‑edge engineering, China Southern Power Grid Technology Co., Ltd. drives a bold agenda - from pioneering the world's first ±800 kV UHVDC transmission project (winner of the Special Prize of the State Science and Technology Progress Award) to aligning its mission of "Building Clean Energy, Creating a Green Environment, and Serving Smart Cities" with measurable investments and targets: in 2023 the group reported US$118.8 billion in revenue and US$2.3 billion in net income, deployed roughly CNY 2 billion into clean energy projects aimed at cutting carbon emissions by 20% by 2025, while a workforce of over 268,000 people and a 15% rise in R&D spend in 2024 underpin innovation in flexible DC transmission, large‑capacity storage and Belt and Road interconnection projects across Vietnam, Laos and Myanmar as the company pursues its vision to "Build a World‑Class Enterprise and Create an Excellent Global Brand," already reflected in a 78th-place ranking on the 2024 Fortune Global 500 list.

China Southern Power Grid Technology Co.,Ltd (688248.SS) - Intro

• Global milestone: developer of the world's first ±800 kV UHVDC transmission project (Special Prize, State Science and Technology Progress Award).
• Scale: part of an enterprise group with a workforce exceeding 268,000 employees.
• 2023 financial footprint: reported revenue of US$118.8 billion and net income of US$2.3 billion, underscoring a major role in China's power sector.
• Internationalization: active Belt and Road participant, promoting cross-border interconnection with Vietnam, Laos, Myanmar and regional partners.

Mission

• Guarantee safe, reliable and efficient power transmission and distribution through continuous technological innovation.
• Accelerate decarbonization and energy transition by advancing UHVDC, flexible DC and storage solutions.
• Support national and regional energy security while enabling cross-border interconnections and international cooperation.

Vision

• To be a world-class grid technology leader enabling a low-carbon, interconnected energy system.
• To lead commercialization of large-capacity energy storage, grid-forming converters and digitalized operation platforms.
• To expand technological influence globally through Belt and Road projects and strategic partnerships.

Core Values

• Safety-first: embed highest safety standards across R&D, construction and operations.
• Innovation-driven: prioritize breakthrough R&D, patents and commercialization of advanced grid technologies.
• Customer & society orientation: ensure reliable supply and promote socioeconomic development in service regions.
• Collaboration & openness: foster domestic and international partnerships for technology transfer and capacity building.
• Integrity & responsibility: operate transparently with accountability to stakeholders and the environment.

Strategic Focus Areas & Capabilities

• UHVDC and high-capacity long-distance transmission: design, engineering and deployment of ±800 kV and other UHV systems.
• Flexible DC technologies: multi-terminal DC, modular converters and active power flow control.
• Large-capacity energy storage: grid-scale battery and hybrid storage solutions for peak-shaving, frequency regulation and black start.
• Smart grid & digital operations: real-time monitoring, AI-driven dispatch, predictive maintenance and cyber-secure OT systems.
• Cross-border interconnection programs: planning and execution of international transmission links under BRI frameworks.

Selected Financial & Operational Metrics (2023)

Innovation & R&D Footprint

• Patents & standards: leading contributor to national grid standards and holder of numerous patents in UHV, converter and storage technologies.
• Demonstration projects: multi-site pilots for large-capacity battery storage, AC/DC hybrid transmission corridors and multi-terminal DC networks.
• Collaboration: partnerships with domestic research institutes, universities and international vendors to co-develop scalable grid solutions.

China Southern Power Grid Technology Co.,Ltd (688248.SS) - Overview

• Mission focus: clean energy buildout, green environmental outcomes, and smart‑city services integration.
• Strategic alignment: supports China's national carbon‑neutrality timeline and urban modernization plans.
• 2023 investment highlight: approximately CNY 2 billion invested in clean energy projects.
• Near‑term emissions target: reduce carbon emissions by 20% by 2025 (company-stated target).
• Evolution: broadened mandate from grid equipment and services to include digitalization, energy storage, microgrids, and international collaboration.

• Core value: sustainability - prioritizing low‑carbon solutions across product and project lifecycles.
• Core value: innovation - investing in R&D to enable digitalized grids, AI‑enabled operations, and advanced power electronics.
• Core value: reliability - ensuring secure, resilient power systems for urban and industrial customers.
• Core value: collaboration - partnering with municipalities, research institutes, and global industry players to scale solutions.

• Allocated capital for renewable integration projects and pilot smart‑city deployments (CNY 2 billion in 2023).
• Targeted emissions reduction pathway (20% by 2025) integrated into project selection and performance metrics.
• Expansion of services to include energy management platforms for urban infrastructure and industry customers.

China Southern Power Grid Technology Co.,Ltd (688248.SS) - Mission Statement

• Operational excellence: continuous improvement in reliability, outage reduction and asset performance.
• Innovation and technology leadership: R&D in smart grid, HVDC, digital substations, energy storage and distributed energy integration.
• Sustainability: accelerating low-carbon transition through renewable integration and efficiency measures.
• Global expansion: leveraging partnerships and exportable technologies to increase international market share.
• Stakeholder value: balancing safety, shareholder return, customer service and social responsibility.

• Vision: 'Build a World-Class Enterprise and Create an Excellent Global Brand' - a commitment to global competitiveness, brand recognition and sector leadership.
• Evidence of progress: China Southern Power Grid (group) was ranked 78th on the Fortune Global 500 list in 2024, demonstrating scale and international standing.
• Strategic initiatives: cross-border projects, joint ventures, technology exports and participation in international grid standards and consortia.
• Reinforcement: sustained capital allocation toward overseas projects and collaborations that expand the company's footprint and influence.

• Safety first - uncompromising focus on personnel and system safety.
• Integrity and accountability - transparent governance and compliance with regulatory standards.
• Customer orientation - reliable service and solutions tailored to industrial, commercial and residential needs.
• Collaboration and openness - partnership-driven growth domestically and internationally.
• Continuous learning - investment in talent development and applied research.

• Brand ambition is backed by targeted investments in exportable grid technologies and overseas engineering services.
• Participation in international HVDC/UHV projects and consortiums has increased the company's technical reputation and market access.
• Ongoing R&D funding and pilot programs for digital substations, microgrids and multi-energy integration accelerate commercialization of core technologies.

China Southern Power Grid Technology Co.,Ltd (688248.SS) - Vision Statement

• Responsibility: embed safety, regulatory compliance, and social accountability across operations and project delivery.
• Innovation: accelerate technology adoption and product development to enhance grid efficiency and reliability.
• Integrity: maintain transparent governance, ethical procurement, and stakeholder trust.
• Win-Win Cooperation: foster partnerships with utilities, equipment manufacturers, research institutes, and customers.

• R&D acceleration - a 15% increase in R&D expenditure in 2024 supports accelerated deployment of digital substations, wide-area monitoring, and energy management systems.
• Operational responsibility - reinforced compliance programs and safety KPIs across construction and O&M activities.
• Partnership expansion - strategic alliances and joint projects to scale solutions and share innovation risk for mutual benefit.

• Responsibility: project KPIs now include safety incident frequency, compliance audit scores, and community impact measures reported quarterly.
• Innovation: a 15% R&D increase funded productization of digital substation modules and AI-based grid analytics, shortening time-to-market for solutions.
• Integrity: governance enhancements-independent board committees and enhanced disclosure-support investor confidence and tender qualification.
• Win-Win Cooperation: co-development agreements and consortium bids have increased repeat-partner revenue and reduced project delivery risks.