Western Securities recently pointed out in its research report that both the power equipment and charging network are driving forces, and qingdao tgood electric (300001.SZ) performed well beyond expectations in the third quarter. In Q3, the company achieved a net income attributable to shareholders of 0.243-0.268 billion yuan, a year-on-year growth of 90.00%-110.00%, and a quarter-on-quarter growth of 84.60%-104.04%. The company's charging network business is steadily growing, maintaining the top position in charging volume nationwide. The company continues to focus on developing the charging network business, maintaining a high level of charging station construction, and gradually improving profitability through electricity service fee increases, maintaining good development momentum in the third quarter. The company continues to focus on high-quality domestic customers and accelerate the expansion of international business, with the contract amount maintaining a good level. Maintaining a "buy" rating.