四川明星电力股份有限公司 2024 年度董事会审计委员会履职情况报告 黄英武，女，1980 年 2 月生，中共党员，西南财经大学经济学 专业大学本科学历。历任遂宁天穗农业开发有限公司董事、副总经理、 1 / 8 工会主席，遂宁市瑞隆农业担保公司执行董事、总经理，遂宁市瑞隆 企业管理有限公司董事长、总经理。现任遂宁市天泰实业有限责任公 司监事会主席。2022 年 7 月 5 日至今，任公司董事、战略与 ESG 委 员会委员、审计委员会委员。 二、审计委员会会议召开情况 2024 年，审计委员会共计召开了 10 次会议，全体委员亲自出席 会议。召开会议的具体情况如下： 根据中国证监会《上市公司治理准则》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》、公司《章程》《董事会专门 委员会议事规则》的有关规定，报告期内，四川明星电力股份有限公 司（简称"公司"）董事会审计委员会成员本着勤勉尽责的原则，积极 认真履行监督及评估外部审计机构工作、指导内部审计工作、加强内 部控制和财务报告审计监督等方面的职责。现就 2024 年度履职情况 向董事会作如下报告： 一、审计委员会基本情况 审计委员会主任由具备会计专 ...

公司代码：600101 公司简称：明星电力 四川明星电力股份有限公司 2024 年度内部控制评价报告 四川明星电力股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（简称"企业内部控 制规范体系"），结合四川明星电力股份有限公司（简称"公司"）内部控制制度和评价办法，在内部控 制日常监督和专项监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制 有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外 ...

四川明星电力股份有限公司（简称"公司"）聘请信永中和会计师 事务所（特殊普通合伙）（简称"信永中和"）作为公司 2024 年年度审 计机构。根据财政部、国资委、证监会颁布的《国有企业、上市公司 选聘会计师事务所管理办法》的相关规定，公司对信永中和在 2024 年度审计过程中的履职情况进行了评估。具体情况如下： 一、资质条件 （一）审计机构及人员情况 信永中和会计师事务所（特殊普通合伙）成立于 2012 年 3 月， 注册地址为北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层。截 至 2024 年 12 月 31 日，信永中和合伙人（股东）259 人，注册会计 师 1,780 人，签署过证券服务业务审计报告的注册会计师超过 700 人。 （二）投资者保护能力 四川明星电力股份有限公司 关于会计师事务所 2024 年度履职情况评估报告 信永中和已按照有关法律法规要求投保职业保险，职业保险累计 赔偿限额和职业风险基金之和超过 2 亿元，职业风险基金计提或职业 保险购买符合相关规定。除乐视网证券虚假陈述责任纠纷一案之外， 信永中和近三年无因执业行为在相关民事诉讼中承担民事责任的情 况。 （三）诚信记录 截至 ...

四川明星电力股份有限公司董事会审计委员会 对会计师事务所 2024 年度履行监督职责情况报告 信永中和会计师事务所（特殊普通合伙）（简称"信永中和"）成 立于 2012 年 3 月，注册地址为北京市东城区朝阳门北大街 8 号富华 大厦 A 座 8 层。截至 2024 年 12 月 31 日，信永中和合伙人（股东） 259 人，注册会计师 1,780 人，签署过证券服务业务审计报告的注册 会计师超过 700 人。 二、会计师事务所履职情况 信永中和根据《中国注册会计师审计准则》和相关执业规范，按 照公司审计工作安排，开展了公司范围内会计报表、合并会计报表、 相关的会计报表附注及内部控制有效性的审计工作。 经审计，信永中和认为公司严格遵循会计准则进行核算，客观反 映经营活动成果和现金流量，关联交易符合《公司法》《证券法》《企 业会计准则》等法律法规。公司内部控制符合《企业内部控制基本规 范》。 根据《公司法》《证券法》《上市公司治理准则》《国有企业、 上市公司选聘会计师事务所管理办法》和公司《章程》等规定和要求， 四川明星电力股份有限公司（简称"公司"）董事会审计委员会秉承独 立、专业、勤勉尽责的原则，扎实开展各 ...

为深入贯彻党的二十大和中央金融工作会议精神，落实《国务院关于 进一步提高上市公司质量的意见》及《国务院关于加强监管防范风险推动 资本市场高质量发展的若干意见》的要求，积极响应上海证券交易所《关 于开展沪市公司"提质增效重回报"专项行动的倡议》，持续推动四川明星 电力股份有限公司（简称"公司"）高质量发展和投资价值提升，实现公司 业务的提质增效和回报股东的目标，公司于 2024 年 8 月 29 日发布了《2024 年度"提质增效重回报"》行动方案。公司结合行动方案科学统筹、多措并 举，积极开展和落实相关工作，现将 2024 年"提质增效重回报"行动方案的 实施进展及评估情况报告如下： 一、聚焦主责主业，提升公司经营质效 公司深化提质增效专项行动，以新发展理念引领改革，聚焦生产提质、 服务提速、绿色发展，把精益化管理贯穿公司生产经营全过程。 坚持规划引领，打造坚强电网。公司建成投运 110 千伏流通坝输变电 工程、220 千伏同盟站 110 千伏配套出线工程、35 千伏分水站输变电工程 等工程，新建 10 千伏线路 23 回 51.98 公里，改造完成 63 个村农网升级改 造，推进同盟至白马 110 千伏线路 ...

Financial Performance - The company reported a basic earnings per share of 0.3821 yuan for 2024, an increase of 16.74% compared to 0.3273 yuan in 2023 [1] - The net profit for 2024 was 2.09 billion yuan, reflecting a growth of 16.76% from 1.79 billion yuan in 2023 [1] - Operating revenue reached 28.42 billion yuan, marking a 6.6% increase from 26.66 billion yuan in the previous year [1] - The return on equity improved to 7.21% in 2024, up from 6.55% in 2023, indicating a 10.08% increase [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 18,437.88 million shares, accounting for 33.65% of the circulating shares, a decrease of 1,030.35 million shares from the previous period [2] - State Grid Sichuan Electric Power Company remains the largest shareholder with 10,996.85 million shares, representing 20.07% of total share capital [2] - New entrants among the top shareholders include Wang Lizhan, Zheng Hongda, Song Luxia, and CITIGROUP GLOBAL MARKETS LIMITED, each holding a small percentage of shares [2] Dividend Distribution - No specific information regarding the dividend distribution plan was provided in the documents [3]

Core Viewpoint - The utility sector experienced significant capital outflows, with six stocks, including Ming Star Power, seeing net outflows exceeding 50 million yuan [1][4]. Industry Summary - The utility sector declined by 0.43% today, with a total net outflow of 667 million yuan from main capital [4][6]. - Among the 132 stocks in the utility sector, 47 rose while 79 fell, with one stock hitting the daily limit down [4]. - The stocks with the highest net inflows included Guang'an Aizhong (49.86 million yuan), Qianyuan Power (41.03 million yuan), and China General Nuclear Power (35.74 million yuan) [4][5]. - The stocks with the highest net outflows were Ming Star Power (-178.32 million yuan), Jiangsu New Energy (-101.27 million yuan), and Guangdong Power A (-82.25 million yuan) [6][7]. Capital Flow Summary - The main capital inflow leaders in the utility sector included: - Guang'an Aizhong: -1.47% change, 12.68% turnover rate, 49.86 million yuan inflow [5]. - Qianyuan Power: 5.13% change, 6.41% turnover rate, 41.03 million yuan inflow [5]. - China General Nuclear Power: 0.54% change, 0.59% turnover rate, 35.74 million yuan inflow [5]. - The main capital outflow leaders included: - Ming Star Power: -6.03% change, 26.15% turnover rate, -178.32 million yuan outflow [6]. - Jiangsu New Energy: -0.60% change, 7.32% turnover rate, -101.27 million yuan outflow [6]. - Guangdong Power A: -2.49% change, 1.92% turnover rate, -82.25 million yuan outflow [6].

Market Overview - A-shares experienced narrow fluctuations with all three major indices closing slightly lower, with the Shanghai Composite Index down 0.04% at 3368.7 points, the ChiNext Index down 0.26% at 2139.9 points, and the Shenzhen Component Index down 0.05% at 10643.82 points [1] - Total trading volume in the two markets reached 11,543 billion yuan, a decrease of 1,039 billion yuan from the previous trading day [1] Sector Performance - The banking and electric power sectors saw significant declines, with major banks like China Merchants Bank dropping over 5% [3] - The automotive sector showed gains in the afternoon, with several stocks reaching their daily limit or increasing by over 10% [3] - The real estate sector remained strong, with stocks like Rongsheng Development and Jingji Agricultural Technology hitting their daily limit [3] - The steel sector faced declines, with companies like Xining Special Steel and Bayi Iron & Steel dropping over 3% [4] - Public utilities also performed poorly, with stocks like Xinjiang Haoyuan and Mingxing Electric Power falling over 5% [4] Investment Opportunities - There are structural gaming opportunities in certain consumer sectors, particularly in home appliances and consumer electronics, as policies to stimulate consumption are being implemented [5] - The average price-to-earnings ratios for the Shanghai Composite Index and ChiNext Index are at 14.32 times and 37.58 times, respectively, indicating a suitable environment for medium to long-term investments [6] - The market is expected to show characteristics of technology leadership, dividend defense, consumer recovery, and domestic demand-driven growth, suggesting a balanced approach to investment across financial, dividend, consumer, and technology sectors [7]

Financial Performance - Total operating revenue for the reporting period reached CNY 284,212.64 million, an increase of 6.60% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 20,896.46 million, reflecting a growth of 16.52% year-on-year[3] - Net profit excluding non-recurring gains and losses was CNY 18,667.79 million, up 23.09% year-on-year[3] - Basic earnings per share rose to CNY 0.3814, marking a 16.53% increase compared to the same period last year[3] - The weighted average return on equity increased to 7.16%, up by 0.61 percentage points from the previous year[3] Asset and Capital Management - The company's total assets at the end of the reporting period amounted to CNY 410,562.96 million, up 5.42% from the beginning of the period[7] - Share capital increased by 30% to CNY 54,786.25 million due to a capital reserve conversion approved by the shareholders' meeting[9] Electricity Generation and Sales - The company achieved a self-generated on-grid electricity volume of 54,251.52 million kWh, a 2.62% increase year-on-year[6] - The total sales volume of electricity was 495,117.24 million kWh, representing a growth of 12.52% compared to the previous year[6] Cautionary Note - The company warns that the financial data presented are preliminary and may differ from the final annual report by up to 20%[10]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][3][16] Core Views - The company has shown robust revenue growth with a significant increase in net profit for Q3 2024, driven by higher electricity sales due to prolonged high temperatures [1][8] - The company is actively enhancing its power grid infrastructure, with investments of 2.964 billion yuan during the 14th Five-Year Plan, focusing on main grid construction and rural grid upgrades [2][15] - The comprehensive energy service business is steadily expanding, contributing to incremental performance through various projects including electric vehicle charging and energy management [2][15] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 2.134 billion yuan (+6.09%) and a net profit of 224 million yuan (+21.43%), with a significant profit increase in Q3 2024 of 139 million yuan (+68.11%) [1][8] - The gross margin for the first three quarters of 2024 was 14.73%, an increase of 1.32 percentage points year-on-year, attributed to higher sales volume [11][12] Profit Forecast - The profit forecast for 2024-2026 has been revised upwards, with expected net profits of 229 million yuan, 248 million yuan, and 266 million yuan respectively, reflecting year-on-year growth rates of 27.6%, 8.3%, and 7.1% [3][15] - The earnings per share (EPS) are projected to be 0.54 yuan, 0.59 yuan, and 0.63 yuan for the respective years [3][15] Valuation Metrics - The current price-to-earnings (P/E) ratios are 19.0, 17.6, and 16.4 for 2024, 2025, and 2026 respectively [3][16] - The company’s return on equity (ROE) is expected to increase to 7.7% in 2024, up from 6.4% in 2023 [11][14]