On December 11, Gelonghui reported that Changjiang Securities' Research Reports indicated that following the announcement on December 6 regarding the proposed acquisition of Yili Technology to address the issue of industry competition, on the evening of December 9, State Grid Information & Telecommunication (600131.SH) issued a series of announcements. These covered clarifications on the acquisition method of Yili Technology, specific measures to fulfill commitments related to industry competition, and the extension of the commitment period for related transactions, further specifying the measures and timelines to address the competition issue. The company is a core enterprise in the digitalization of electrical networks, with its controlling shareholder being Xinchang Group. Its Business comprehensively covers all aspects of electrical digitalization, enterprise digitalization, and cloud network infrastructure. The State Grid's digitalization bidding amount from 2020 to 2023 has a compound annual growth rate of over 20%, and in 2024, it proposed a "strong digitalized power grid," further clarifying future trends in digitalization. It is expected that under the company's advantages in communication technology and top-down entry, there will be sustained expansion of Business volume. Furthermore, the ongoing positive advancement in addressing industry competition is expected to bring significant business growth. The dual progress of internal and external factors is likely to aid the company's volume leap. Under a cautious principle, the impact of acquisitions and such matters is not currently considered. The company is expected to achieve net income attributable to shareholders of 0.905, 1.039, and 1.18 billion yuan from 2024 to 2026, corresponding to price-earnings ratios of 28.5x, 24.8x, and 21.9x, maintaining a "Buy" rating.