国网信通公告，全资子公司中电普华、继远软件、中电飞华、亿力科技在国家电网有限公司2025年第六 十批采购（输变电项目第四次变电设备（含电缆）招标采购）中中标，中标金额合计为6.05亿元。目 前，已收到中标通知书，但合同尚未签订，对业绩的具体影响金额尚不确定。此次中标将对公司未来经 营业绩产生积极影响，但具体金额仍待合同签订后确定。 ...

Investment Rating - The investment rating for the company is "Buy" and it is maintained [7]. Core Views - The company reported a revenue of 3.52 billion yuan for the first half of 2025, a decrease of 4.6% year-on-year, with a net profit attributable to shareholders of 270 million yuan, down 11.0% year-on-year [2][5]. - The second quarter of 2025 saw a revenue of 2.41 billion yuan, a decline of 9.8% year-on-year, and a net profit of 240 million yuan, down 16.4% year-on-year [2][5]. - The company is experiencing a significant acceleration in its frontier technology innovation business, with a revenue increase of 340.6% year-on-year in this segment [10]. Summary by Sections Financial Performance - In the first half of 2025, the digital infrastructure segment generated a revenue of 1.749 billion yuan, up 25.0% year-on-year, while the frontier technology innovation business brought in 704 million yuan, up 340.6% year-on-year [10]. - The gross margin for the first half of 2025 was 22.12%, a slight decrease of 0.10 percentage points year-on-year [10]. - The company reported a significant increase in cash flow from operations, reaching 1.211 billion yuan in the first half of 2025, indicating improved collection efficiency [10]. Orders and Inventory - As of the end of Q2 2025, the company had a backlog of orders amounting to 4.67 billion yuan, representing a year-on-year growth of approximately 27% [10]. - The inventory at the end of Q2 2025 was 935 million yuan, showing a substantial increase of 95.4% year-on-year [10]. Future Outlook - The company expects that the net profit attributable to shareholders for 2025, excluding its subsidiary Yili Technology, could reach approximately 864 million yuan, corresponding to a price-to-earnings ratio of about 24 times [10].

Group 1 - The company, State Grid Information Communication, announced that it will hold the 17th meeting of the 9th Board of Directors on August 7, 2025, to review the proposal regarding the equity transfer of Yili Technology's subsidiaries, Yili Electric Power and Yilong Information [2] - Recently, Yili Electric Power Technology Co., Ltd. and Yilong Information Technology Co., Ltd. have completed the industrial and commercial change registration procedures for this equity transfer and obtained a new business license from the Fuzhou Market Supervision Administration [2]

证券代码：600131 证券简称：国网信通 公告编号：2025-050号 国网信息通信股份有限公司 关于亿力科技所持有的亿力电力、亿榕信息股权划转 进展暨完成工商变更登记的公告 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。 一、本次股权划转概述 国网信息通信股份有限公司（以下简称"公司"）于 2025 年 8 月 7 日召开第九届董事会第十七次会议，审议通过《关于亿力科技所 属亿力电力、亿榕信息股权划转的议案》。具体内容详见公司分别于 2025 年 8 月 8 日在上海证券交易所网站（www.sse.com.cn）及指定 媒体披露的《国网信息通信股份有限公司关于亿力科技所持有的亿力 电力、亿榕信息股权划转的公告》（公告编号：2025-045） 二、本次股权划转进展情况 近日，福建亿力电力科技有限责任公司（以下简称"亿力电 力"）、福建亿榕信息技术有限公司（以下简称"亿榕信息"）已完 成本次股权划转的工商变更登记手续，取得福州市市场监督管理局换 发的《营业执照》。营业执照具体信息如下： 1.亿力电力 企业名称：福建亿力电力科 ...

Company Overview - State Grid Information Communication Co., Ltd. is located in Chengdu, Sichuan Province, and was established on January 5, 1997, with its listing date on April 2, 1998 [1] - The company specializes in new information communication, with its main business revenue composition as follows: Digital Infrastructure (49.62%), Advanced Technology Innovation (19.96%), Power Digital Applications (16.02%), Enterprise Digital Applications (11.30%), Energy Innovation Services (2.97%), and Others (0.12%) [1] Financial Performance - As of June 30, 2025, the company achieved a revenue of 3.525 billion yuan, representing a year-on-year growth of 31.43%, and a net profit attributable to shareholders of 266 million yuan, with a year-on-year increase of 14.41% [2] - Cumulative cash dividends since the A-share listing amount to 1.585 billion yuan, with 695 million yuan distributed over the past three years [3] Stock Market Activity - On September 11, the company's stock price increased by 2.11%, reaching 17.87 yuan per share, with a trading volume of 76.1273 million yuan and a turnover rate of 0.36%, resulting in a total market capitalization of 21.439 billion yuan [1] - Year-to-date, the stock price has decreased by 4.64%, but it has increased by 4.14% over the last five trading days, 0.34% over the last 20 days, and 4.75% over the last 60 days [1] - As of June 30, 2025, the number of shareholders is 39,100, a decrease of 1.64% from the previous period, with an average of 30,588 circulating shares per person, an increase of 1.67% [2] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, the Southern CSI 500 ETF (510500) ranks as the tenth largest, holding 8.9021 million shares, an increase of 1.197 million shares compared to the previous period [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company is accelerating its intelligent transformation by integrating with Yili Technology, which is expected to enhance its operational capabilities and market position [6] - The company has a solid foundation in its core business, having secured multiple key projects, and is actively involved in the digital infrastructure sector [6] - The company is leveraging advanced technologies and AI applications to drive growth in various segments, including energy innovation services and digital applications [6] Financial Performance Summary - For the first half of 2025, the company reported revenue of 3.525 billion yuan, a year-on-year decrease of 4.55%. Excluding the impact of the acquisition of Yili Technology, revenue remained stable [6] - The net profit attributable to the parent company was 266 million yuan, down 11.01% year-on-year, primarily due to increased corporate income tax expenses [6] - The digital infrastructure business generated revenue of 1.749 billion yuan, reflecting a year-on-year growth of 25.01%, contributing 49.62% to total revenue [6] - The company achieved significant growth in its intelligent application segment, with revenue reaching 704 million yuan, a year-on-year increase of 340.63% [6] - The company forecasts net profits attributable to the parent company for 2025-2027 to be 837 million, 1.052 billion, and 1.267 billion yuan, respectively [6][8] Valuation Metrics - The company’s P/E ratio is projected to decrease from 31.2 in 2024 to 16.8 by 2027, indicating an improving valuation outlook [4] - The projected P/B ratio is expected to decline from 3.1 in 2024 to 2.5 in 2027, reflecting a strengthening financial position [4] - The net asset return rate is anticipated to stabilize around 13% by 2027, indicating consistent profitability [4]

Group 1 - The company will participate in the "Sichuan District 2025 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" on September 12, 2025, from 14:00 to 17:00 [1][2] - The event will be held online via "Panorama Roadshow" platform [2][3] - Investors can submit questions from September 5 to September 11, 2025, through the provided contact methods, and the company will address common concerns during the briefing [2][3] Group 2 - Key personnel attending the event include the Chairman, Independent Director, Board Secretary, and Chief Financial Officer of the company [2] - Contact information for the Securities Management Department is provided for investor inquiries [3]

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].