证券代码：600131 证券简称：国网信通 公告编号：2025-049 号 国网信息通信股份有限公司 关于参加四川辖区 2025 年投资者网上集体接待日 及半年度报告业绩说明会活动的公告 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。 重要内容提示： 四川辖区投资者集体接待日及半年度报告业绩说明会活动召 开时间：2025 年 9 月 12 日(星期五)下午 14:00-17:00。 会议召开地点： "全景路演"（https://rs.p5w.net）。 会议召开方式： "全景路演"网络互动。 征集问题方式：投资者可于 2025 年 9 月 5 日(星期五)至 9 月 11 日(星期四)通过公告中的联系电话、电子邮箱进行提问，公司 将在 2025 年半年度业绩说明会上对投资者普遍关注的问题进行回 答。 国网信息通信股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日披露了《公司 2025 年半年度报告及摘要》，为便于广大投 资者更全面深入地了解公司 2025 年半年度经营成果和财务状况，公 司计划于 2025 ...

Group 1: Company Highlights - Mindray Medical launched the world's first clinically implemented critical care AI model and established an animal healthcare subsidiary [1] - Jieshun Technology's cloud-managed SaaS service increased to 16,600 lanes, with software and cloud service revenue reaching 125 million yuan, a year-on-year growth of 26.11% [1] - State Grid Information Technology reported a revenue of 3.525 billion yuan, a decrease of 4.55% year-on-year, while its virtual power plant business is being applied in multiple cities [2] - Inke Recycling focuses on high-value applications of recycled plastics, with significant growth in non-European markets and a projected dividend of 1.00 yuan per 10 shares [3] - ZaiJing Pharmaceutical achieved a revenue of 376 million yuan, a 56% increase, driven by sales growth of its drugs [4] - Tianzhihang reported a revenue of approximately 125 million yuan, a year-on-year increase of 114.89%, with significant growth in orthopedic surgical robot sales [5] - Aibo Medical's revenue reached 787 million yuan, a 14.72% increase, with a gross margin of 65.25% [6] - Mankalon's strategy focuses on expanding its presence in core urban areas and enhancing profitability of franchise stores [7] - Oulu Tong's revenue reached 2.12 billion yuan, a 32.59% increase, with data center power business revenue growing by 94.30% [8] - Sun Paper's special paper project is operational, with plans for further production capacity expansion [9] - Taili Technology is enhancing its market penetration and focusing on customized material solutions for various industries [10] Group 2: Financial Performance - Jieshun Technology's parking asset operation revenue grew by 49.86%, with new orders totaling 677 million yuan [1] - State Grid Information Technology's net profit decreased by 11.01% due to increased corporate income tax [2] - Inke Recycling's non-U.S. market revenue grew by 31.15% year-on-year [3] - ZaiJing Pharmaceutical's new drug approvals are expected to boost future sales [4] - Tianzhihang's orthopedic robot surgeries exceeded 22,000 cases, indicating strong market demand [5] - Aibo Medical's second-quarter revenue was 430 million yuan, a 14.44% increase year-on-year [6] - Oulu Tong's R&D expenses increased by 28.26%, reflecting investment in innovation [8] - Sun Paper's projects are expected to enhance its competitive position in the market [9]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the current market environment [4]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 3.525 billion, a year-on-year decrease of 4.55% (adjusted); net profit attributable to shareholders was 266 million, down 11.01% (adjusted) [4]. - For Q2 2025, the company recorded revenue of 2.413 billion, a year-on-year decline of 9.77% (adjusted); net profit attributable to shareholders was 240 million, down 16.42% (adjusted) [4]. Group 2: Subsidiary Performance - Major subsidiaries of the company, including Zhongdian Puhua, Jiyuan Software, Zhongdian Feihua, Zhongdian Qimingxing, and Yili Technology, generated revenues of 800 million, 730 million, 998 million, 236 million, and 811 million respectively, accounting for 22.71%, 20.71%, 28.31%, 6.68%, and 23.00% of total revenue [5]. - The net profit margins for these subsidiaries were 8.17%, 0.70%, 6.15%, 1.89%, and 7.42%, with the total revenue contribution from profitable subsidiaries reaching 74.02% [5]. - The overall gross margin of the company improved, with figures of 20.02%, 20.27%, and 22.13% for the first half of 2024, second half of 2024, and first half of 2025 respectively [5]. Group 3: Market Position and Competitive Advantage - The company secured over 90% of the market share in the national grid communication equipment procurement, indicating a strong competitive position [6]. - In the second batch of procurement for 2025, the company and its subsidiary Yili Technology won contracts totaling 803 million, representing 93.25% of the total [6]. - In the third batch of procurement, the company and its subsidiaries won contracts totaling 966 million, achieving a market share of 90.70% [6]. Group 4: R&D and Strategic Development - The company focused on industrial development and increased R&D investment, with approximately 482 million allocated to R&D in the first half of 2025 [8]. - The company received 61 patent authorizations, published 65 scientific papers, and won 3 technology awards, reflecting its recognized innovation capabilities [8]. - The company completed key application upgrades, including Marketing 2.0, PMS 3.0, and a smart shared financial platform [8].

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, but its overall profitability improved due to strong performance from key subsidiaries and increased gross margin [1][3]. Financial Performance - In the first half of 2025, the company achieved revenue of 3.525 billion yuan, a year-on-year decrease of 4.55% (adjusted), and a net profit of 266 million yuan, down 11.01% (adjusted) [1]. - For Q2 2025, revenue was 2.413 billion yuan, a year-on-year decline of 9.77% (adjusted), with a net profit of 240 million yuan, down 16.42% (adjusted) [1]. - The overall gross margin improved, with figures of 20.02%, 20.27%, and 22.13% for the first half of 2024, second half of 2024, and first half of 2025, respectively [1]. Subsidiary Performance - Key subsidiaries contributed significantly to revenue, with the following figures: Zhongdian Puhua (800 million yuan, 22.71%), Jiyuan Software (730 million yuan, 20.71%), Zhongdian Feihua (998 million yuan, 28.31%), Zhongdian Qimingxing (236 million yuan, 6.68%), and Yili Technology (811 million yuan, 23.00%) [1]. - The net profit margins for these subsidiaries were 8.17%, 0.70%, 6.15%, 1.89%, and 7.42%, respectively, leading to a total revenue contribution of 74.02% from high-profitability subsidiaries [1]. Market Position and Contracts - The company secured over 90% of the market share in the National Grid communication equipment procurement, with significant contracts awarded in May and July 2025 totaling 803 million yuan [2]. - In the second batch of procurement, Jiyuan Software and Zhongdian Feihua won contracts worth 477 million yuan (55.41%), while Yili Technology won 326 million yuan (37.84%) [2]. - In the third batch, the total contracts awarded to the same subsidiaries amounted to 966 million yuan, representing 90.70% of the procurement [2]. R&D and Strategic Focus - The company increased its R&D investment to approximately 482 million yuan in the first half of 2025, resulting in 61 patent authorizations and 65 published scientific papers [3]. - The company is focusing on strategic development and collaboration to enhance its production capabilities and technological innovation [3]. Profit Forecast and Valuation - The profit forecast for 2025-2027 has been revised down to 844 million yuan, 1.025 billion yuan, and 1.253 billion yuan, respectively, with corresponding EPS of 0.70, 0.85, and 1.04 yuan [3]. - The company is expected to maintain a stable performance due to its position as a key subsidiary of the National Grid and the resolution of industry competition issues [3].

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company reported a revenue of 3.525 billion yuan for the first half of 2025, a year-on-year decrease of 4.55%, with a net profit attributable to shareholders of 266 million yuan, down 11.01% year-on-year [1]. - The company has a strong revenue contribution from its subsidiaries, with nearly 70% of revenue coming from high-profitability subsidiaries, leading to an overall improvement in gross margin [2]. - The company has secured over 90% of the market share in communication equipment procurement for the State Grid, indicating a resolution of competitive issues within the industry [3]. - The company has increased its R&D investment to approximately 482 million yuan in the first half of 2025, enhancing its technological innovation capabilities [3]. Summary by Sections Financial Performance - In Q2 2025, the company achieved a revenue of 2.413 billion yuan, a decrease of 9.77% year-on-year, with a net profit of 240 million yuan, down 16.42% year-on-year [1]. - The overall gross margin improved to 22.13% in the first half of 2025, up from 20.02% in the first half of 2024 [2]. Market Position - The company and its subsidiary, Yili Technology, won contracts totaling 803 million yuan in the State Grid's procurement processes, achieving a combined market share of 93.25% [3]. - The company is positioned as a key subsidiary of the State Grid, benefiting from the rapid deployment of digital power solutions [4]. Profit Forecast and Valuation - The net profit forecasts for 2025, 2026, and 2027 have been adjusted to 844 million yuan, 1.025 billion yuan, and 1.253 billion yuan respectively, with corresponding EPS of 0.70 yuan, 0.85 yuan, and 1.04 yuan [4][8]. - The company is expected to maintain a PE ratio of 26, 21, and 18 for the years 2025, 2026, and 2027 respectively [4][10].

Core Insights - The company reported a revenue of 3.525 billion and a net profit of 266 million for the first half of 2025, indicating significant progress in its digital transformation efforts within the energy sector [1] - The integration of Yili Technology into the company enhances its capabilities in energy digitalization, supporting its goal to become a leading innovative enterprise in this field [7] Group 1: Business Performance - The company achieved notable operational results in its energy digitalization business, with significant advancements in various digital projects [2] - The digital infrastructure projects, including the 100G high-efficiency data transmission platform and the power satellite IoT solutions, have been successfully implemented, improving communication support for the energy sector [2] - The company completed key projects such as the Hami-Chongqing ±800 kV HVDC communication system and the Ningxia-Hunan 800 kV fiber optic communication project, solidifying its market position [2] Group 2: Digital Application Advancements - The company successfully transitioned to a unified permission management system for pilot units, enhancing security and autonomy in enterprise management [3] - The launch of the new generation enterprise portal and smart marketing management systems has improved operational efficiency and expanded the company's digital application footprint [3] - The company has effectively implemented AI-driven marketing solutions across multiple provincial power companies, significantly enhancing the efficiency and quality of electricity marketing services [3] Group 3: Technological Innovation - The company invested approximately 482 million in R&D during the first half of the year, resulting in 61 patent grants and 65 published research papers, showcasing its commitment to innovation [5] - Focus areas for innovation include artificial intelligence and "5G + quantum" technologies, with successful applications in energy scenarios [5] - The deployment of advanced platforms and tools, such as the intelligent generation technology for power supply solutions, has been rolled out in various regions [5][6] Group 4: Energy Innovation Services - The company is actively developing digital products to support carbon neutrality goals and enhance electricity trading capabilities [6] - Projects related to virtual power plants and load management systems have been initiated, contributing to energy supply security for significant events [6] - The launch of the national carbon emission monitoring and analysis service platform highlights the company's commitment to supporting environmental sustainability [6]

Core Insights - The company reported a revenue of 3.525 billion yuan for the first half of 2025, representing a year-on-year decline of 4.55% [1] - The net profit attributable to shareholders was 266 million yuan, down 11.01% year-on-year [1] - The net profit excluding non-recurring items was 206 million yuan, reflecting a decrease of 11.22% compared to the previous year [1] - The basic earnings per share stood at 0.22 yuan [1]

Core Viewpoint - State Grid Information Communication Co., Ltd. (国网信通) reported a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 3.525 billion yuan, representing a year-on-year decrease of 4.55% [1] - The net profit attributable to shareholders of the listed company was 266 million yuan, down 11.01% year-on-year [1]

证券代码：600131 证券简称：国网信通 公告编号：2025-046号 关联董事王奔、倪平波、崔传建、杨德胜按规定回避此议案表决。 本议案提交董事会审议前，已经公司董事会审计委员会及独立董 - 1 - 国网信息通信股份有限公司 第九届董事会第十八次会议决议公告 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。 公司董事会于 2025 年 8 月 15 日向各位董事发出了召开第九届董 事会第十八次会议的通知和会议资料，公司第九届董事会第十八次会 议于 2025 年 8 月 26 日以现场及视频会议方式召开，会议应表决董事 11 名，实际表决董事 11 名。会议由董事长王奔先生主持，会议的召 开符合《公司法》《公司章程》和《公司董事会议事规则》的有关规 定，审议了如下议案： 一、11票同意，0票反对，0票弃权，审议通过了《审议公司2025 年半年度报告及摘要的议案》。 本议案提交董事会审议前，已经公司董事会审计委员会全票审议 通过。 具体内容详见公司在上海证券交易所网站 www.sse.com.cn 及指 定媒体披露的《2025 ...

证券代码：600131 证券简称：国网信通 公告编号：2025-047号 国网信息通信股份有限公司 关于回购注销 2021 年限制性股票激励计划 部分已获授但尚未解锁的限制性股票 并调整回购价格的公告 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。 国网信息通信股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开第九届董事会第十八次会议，审议通过了《关于回购注销 2021 年限制性股票激励计划部分已获授但尚未解锁的限制性股票并 调整回购价格的议案》，同意公司回购注销已授予未解锁的 2021 年限 制性股票激励计划（以下简称"本次股权激励计划"）限制性股票 1,369,375 股，现将具体情况公告如下： 1 证券代码：600131 证券简称：国网信通 公告编号：2025-047号 核查意见。 2.2022 年 4 月 8 日，公司本次股权激励计划获得国务院国有资 产监督管理委员会批复。 3.2022 年 4 月 20 日，公司召开第八届董事会第十九次会议、第 八届监事会第十四次会议，审议通过《关于修订公司 2 ...