Professional O&M and Value-Added Develop Diagram

Strengths

• High regional density leads to extremely low site inspection costs
• High stickiness with village collectives and Rural Revitalization Bureaus

Weaknesses

• O&M scale is limited by physical radius, resulting in slow expansion
• High exposure to compensation risks due to weather or equipment damage
• Long accounts receivable cycles in impoverished areas

Opportunities

• The first peak period for decommissioning and recycling PV modules is approaching
• New methodologies for inclusive carbon and CCER make it easier for small-scale power plants to participate in trading

Threats

• Falling PV module prices reduce the incentive for asset owners to invest in O&M
• Competition from large state-owned new energy O&M companies expanding into county markets
• Worsening natural conditions (blizzards/hail) increasing insurance or compensation gaps