四川明星电力股份有限公司 第十一届监事会第十八次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 证券代码：600101 证券简称：明星电力 公告编号：2025-025 根据《证券法》和《上海证券交易所股票上市规则》的有关要求， 公司监事会对董事会编制的 2025 年半年度报告进行了审核，并发表如下 审核意见： 1.公司 2025 年半年度报告的编制和审议程序符合法律、行政法规和 中国证监会的各项规定； 2.公司 2025 年半年度报告的内容和格式符合中国证监会和上海证券 交易所的各项规定，报告的内容能够真实、准确、完整地反映公司的实 际情况； 一、监事会会议召开情况 四川明星电力股份有限公司（简称"公司"）第十一届监事会第十八 次会议于 2025 年 8 月 27 日在公司会议室以现场结合视频的方式召开， 会议通知和会议资料已于 2025 年 8 月 15 日以电子邮件的方式向监事和 相关高级管理人员发出。会议由监事会主席向道泉先生主持，应出席监 事 4 名，实际出席监事 4 名，相关高级管理人 ...

证券代码：600101 证券简称：明星电力 公告编号：2025-022 四川明星电力股份有限公司 第十二届董事会第二十四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 一、董事会会议召开情况 四川明星电力股份有限公司（简称"公司"）第十二届董事会第 二十四次会议于 2025 年 8 月 27 日在公司会议室以现场结合视频的方 式召开，会议通知和会议资料已于 2025 年 8 月 15 日以电子邮件的方 式向董事、监事和高级管理人员发出。会议由董事长陈峰先生主持， 应出席董事 9 名，实际出席董事 9 名，公司监事和高级管理人员列席 了会议。会议的召开符合《公司法》等法律法规及公司《章程》的有 关规定。 二、董事会会议审议情况 （一）审议通过了《2025 年半年度报告全文及摘要》 1 / 3 本议案在提交公司董事会审议之前，已经公司董事会审计委员会 审议并获全票同意。 详见上海证券交易所网站（https://www.sse.com.cn）。 （二）审议通过了《关于对中国电力财务有限公司的风险持续 ...

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 1,523,842,607.93, representing a 13.73% increase compared to CNY 1,339,905,797.64 in the same period last year[24]. - The total profit for the first half of 2025 was CNY 90,717,409.68, a decrease of 10.26% from CNY 101,086,562.73 in the previous year[24]. - The net profit attributable to shareholders was CNY 73,723,934.94, down 13.08% from CNY 84,813,886.83 year-on-year[24]. - Basic earnings per share for the first half of 2025 were CNY 0.1346, a decrease of 13.05% from CNY 0.1548 in the same period last year[25]. - The weighted average return on equity decreased by 0.53 percentage points to 2.43% compared to 2.96% in the previous year[25]. - The company reported a total of CNY 126,429,801.00 in capital reserves transferred to capital stock[158]. - The total comprehensive income for the first half of 2025 was CNY 50,583,937.82, down from CNY 69,317,938.14 in the first half of 2024, reflecting a decrease of 27.0%[143]. Cash Flow and Assets - The net cash flow from operating activities decreased by 59.73% to CNY 70,043,267.07, primarily due to increased electricity purchase costs[25]. - The total assets at the end of the reporting period were CNY 4,163,383,125.13, reflecting a 1.40% increase from CNY 4,105,767,592.67 at the end of the previous year[24]. - The company's current assets totaled RMB 1,066,762,332.30, compared to RMB 1,081,295,773.14 at the end of 2024, indicating a decrease of approximately 1.5%[129]. - Cash and cash equivalents were reported at RMB 843,670,349.57, down from RMB 886,555,695.50, reflecting a decline of about 4.8%[129]. - The total liabilities were RMB 842,574,243.66, up from RMB 790,665,638.10, indicating an increase of approximately 6.6%[131]. - The company's asset-liability ratio stands at 27.97%, with a labor productivity of 236,800 CNY per employee[79]. Revenue and Sales - The electricity sales volume reached 2.45776 billion kWh, representing a year-on-year increase of 14.51%[38]. - The company achieved a total electricity generation of 158.92 million kWh, a year-on-year decrease of 16.16%[38]. - The total revenue from sales of goods and services was CNY 1,471,706,760.15, an increase from CNY 1,305,899,523.50 in the first half of 2024[148]. - The company reported a revenue of 23,963.51 million RMB from Sichuan Huaren Wantong Gas Co., Ltd., contributing significantly to the overall performance[71]. Investments and Expenses - Research and development expenses rose by 73.64% to CNY 6.01 million, driven by increased investment in new technologies by the company's wholly-owned subsidiary[58]. - The company invested CNY 55.4395 million in infrastructure upgrades, completing 70% of the low-voltage network renovation project across 37 villages by June 30, 2025[91]. - The company reported a decrease in investment income to CNY 5,548,390.37 in the first half of 2025, down from CNY 8,958,518.72 in the previous year[137]. Market Position and Strategy - The company maintained a 100% market share in the electricity supply sector and nearly 90% in the water supply sector within its jurisdiction[36]. - The company has implemented a digital development plan to enhance operational efficiency and customer service[44]. - The company is focusing on enhancing its market competitiveness through various measures aimed at improving quality and efficiency[74]. - The company has signed contracts for market-oriented electricity sales, with continuous growth in signed sales volume[44]. Governance and Compliance - The company maintained a stable governance structure and risk management system to ensure compliance and operational efficiency[51]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position as of June 30, 2025[175][178]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[176]. Shareholder Information - The cash dividend per share for the 2024 fiscal year is set at 0.12 CNY, with a cash dividend payout ratio increasing from 21.18% to 31.41% over the past three years[82]. - The company has continuously paid dividends for 16 years, totaling 388 million CNY in cumulative dividends[82]. - The largest shareholder, State Grid Sichuan Electric Power Company, holds 20.07% of the total shares, amounting to 109,968,464 shares[119].

中国电财成立于 1993 年 12 月，是由国家金融监督管理总局（原 中国银行保险监督管理委员会）监管的非银行金融机构，注册资本金 280 亿元，国家电网有限公司（简称"国家电网"）持股 51%，国网英 大国际控股集团有限公司（简称"国网英大集团"）持股 49%。中国电 财本部位于北京，拥有 26 家区域及省级分支机构。 四川明星电力股份有限公司 关于对中国电力财务有限公司的风险持续评估报告 按照《上海证券交易所上市公司自律监管指引第 5 号——交易与 关联交易》的要求，四川明星电力股份有限公司（简称"公司"）通过 查验中国电力财务有限公司（简称"中国电财"）《金融许可证》《营 业执照》等证件资料，并审阅包括资产负债表、利润表、现金流量表 等在内的中国电财的定期财务报告，对中国电财的经营资质、业务和 风险状况进行了评估，风险评估情况如下： 一、中国电力财务有限公司基本情况 （一）中国电财基本情况 公司名称：中国电力财务有限公司 企业类型：有限责任公司（国有控股） 法定代表人：谭永香 注册资本：280 亿元人民币 注册地址：北京市东城区建国门内大街乙 18 号院 1 号楼 金融许可证机构编码：L0006H111 ...

证券代码：600101 证券简称：明星电力 公告编号：2025-023 四川明星电力股份有限公司 关于修订公司《章程》《股东会议事规则》《董事会 议事规则》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 开发区中环大道 579 号，公司注册住所地址拟同步变更。 基于上述情况，公司拟对《章程》《股东大会议事规则》《董事 会议事规则》部分条款进行修订。同时，《股东大会议事规则》更名 为《股东会议事规则》。修订条款具体如下： 二、《章程》修订条款 | 修订后条款 | | 原条款 | | --- | --- | --- | | 第一条 | 为规范四川明星电力股份有限 | 第一条 为规范四川明星电力股份有限 | | 公司（以下简称"公司"）的组织和行为，坚 | | 公司（以下简称"公司"）的组织和行为，坚 | | 持和加强党的全面领导，维护公司、股东、 | | 持和加强党的全面领导，维护公司、股东和 | | 职工和债权人的合法权益，根据《中华人民 | | 债权人的合法权益，根据《中华人民共和国 | | 共和国公司法》（以下简称 ...

Core Insights - The company reported a revenue of 1.524 billion yuan for the first half of 2025, representing a year-on-year increase of 13.73% [1] - The net profit for the same period was 73.7239 million yuan, showing a year-on-year decline of 13.08% [1] Financial Performance - Revenue for the first half of 2025: 1.524 billion yuan, up 13.73% year-on-year [1] - Net profit for the first half of 2025: 73.7239 million yuan, down 13.08% year-on-year [1]

Core Viewpoint - Sichuan Mingyang Electric Power Co., Ltd. has successfully developed and implemented a "wireless passive temperature measurement bolt" device, which significantly enhances the efficiency of temperature monitoring in outdoor power distribution equipment, providing reliable safety for the power grid during peak summer periods [1] Group 1: Technology Development - The company has innovatively developed the "wireless passive temperature measurement bolt" to address limitations of traditional infrared detection technology, which is costly and inaccurate for monitoring insulated conductor connections [1] - The new technology integrates a passive signal transmission temperature sensor within the bolt connection, allowing real-time temperature data transmission to the company's monitoring platform [1] Group 2: Performance Improvement - The implementation of this device has resulted in a 28.5% increase in fault detection efficiency and a reduction of average fault localization time by 45 minutes compared to traditional infrared scanning methods [1] - The device has been applied to 75 pole-mounted transformers on the 10 kV Guinan Line, demonstrating its effectiveness in practical applications [1]

Core Viewpoint - Sichuan Mingxing Electric Power Co., Ltd. has successfully developed a wireless passive temperature measurement bolt device that enhances the monitoring of temperature anomalies in power distribution networks, significantly improving fault detection efficiency and response time [1] Group 1: Technology Innovation - The company has innovated the "wireless passive temperature measurement bolt" to address limitations of traditional infrared detection methods, which are costly and less effective for monitoring insulated connections [1] - This new technology integrates a passive signal transmission temperature sensor within the bolt connection, allowing real-time temperature monitoring and data transmission to the company's monitoring platform [1] Group 2: Performance Improvement - The implementation of this device has resulted in a 28.5% increase in fault detection efficiency and a reduction of average fault localization time by 45 minutes compared to traditional methods [1] - The device has been successfully applied to 75 pole-mounted transformers on the 10 kV Guinan Line, providing reliable support for the safe and stable operation of the power grid during peak summer periods [1]

Core Viewpoint - Sichuan Mingxing Electric Power Co., Ltd. has successfully developed and implemented a wireless passive temperature monitoring device, significantly improving the efficiency of fault detection in power distribution networks [1] Group 1: Technology Development - The company has innovatively developed the "wireless passive temperature monitoring bolt" to address limitations of traditional infrared detection methods, which are costly and inaccurate for certain applications [1] - The new technology integrates a passive signal transmission temperature sensor within the bolt connection, allowing real-time temperature monitoring and data transmission to the company's monitoring platform [1] Group 2: Performance Improvement - The implementation of this device has resulted in a 28.5% increase in fault detection efficiency and a reduction of average fault localization time by 45 minutes compared to traditional methods [1] - The device has been successfully applied to 75 pole-mounted transformers on the 10 kV Guinan Line, enhancing the safety and stability of the power grid during peak summer periods [1]

Core Points - The stock price of Sichuan Mingyang Power Co., Ltd. closed at 10.06 yuan, down 1.66% as of August 14, 2025 [1] - The company reported a total revenue of 777 million yuan for Q1 2025, representing a year-on-year growth of 11.38% [1] - The net profit attributable to shareholders was 72.77 million yuan, with a year-on-year increase of 4.25% [1] Financial Performance - Total revenue for Q1 2025: 777 million yuan, up 11.38% year-on-year [1] - Net profit attributable to shareholders: 72.77 million yuan, up 4.25% year-on-year [1] - Non-recurring net profit: 72.32 million yuan, up 4.38% year-on-year [1] - Current ratio: 1.441, Quick ratio: 1.414, Debt-to-asset ratio: 26.83% [1] Market Activity - The stock had a turnover rate of 3.47% with a trading volume of 190,200 lots and a transaction amount of 193 million yuan [1] - Main funds experienced a net outflow of 30.28 million yuan, accounting for 15.7% of the transaction amount [1] - Large orders saw a net outflow of 24.87 million yuan, while small orders had a net inflow of 27.69 million yuan [1] Company Overview - Sichuan Mingyang Power Co., Ltd. was established in 1988 and is primarily engaged in electricity and heat production and supply [2] - The company has invested in 20 enterprises and participated in 5,000 bidding projects [2] - It holds 2 trademark registrations and 50 patents, along with 138 administrative licenses [2]