Summary of the Conference Call for State Grid Information Communication Co., Ltd. Company Overview - **Company**: State Grid Information Communication Co., Ltd. - **Industry**: Digital Infrastructure and Communication Services Key Financial Metrics - **Q3 Revenue**: 21.63 billion CNY, a year-on-year increase of 29.24% [2][9] - **Year-to-Date Revenue**: 56.87 billion CNY, a year-on-year increase of 5.98% [2][9] - **Net Profit**: 0.85 billion CNY for Q3, with a year-to-date net profit of 3.51 billion CNY [3][9] - **Total Assets**: 139.98 billion CNY, a year-on-year decrease of 15.91% [2][10] - **Profit Margin**: Net profit decreased by 8.62% due to delayed tax refunds and increased taxes from restructuring [2][9] Business Performance - **Cash Flow**: Net cash flow from operating activities was 13.47 billion CNY, an increase of 13.66 billion CNY year-on-year, primarily due to the acquisition of Yili Technology [2][11] - **Investment Activities**: Net cash flow from investment activities was negative 1.46 billion CNY, mainly due to cash dividends [2][12] - **Contract Status**: New contracts signed amounted to 75-80 billion CNY, with over 50 billion CNY in unrecognized revenue contracts [2][15] Digital Infrastructure Developments - **Digital Infrastructure Enhancements**: Improved capabilities in ultra-high voltage communication engineering and green low-carbon data center construction [4] - **Integration of Technologies**: Development of integrated communication networks and focus on artificial intelligence and quantum computing [4][21] Innovations and Technology - **Cloud Platform Development**: Completed planning and deployment for cloud platforms to support marketing and smart IoT systems [5] - **Financial Digital Services**: Strengthened financial digital services and expanded digital education and training [6] Energy Innovation - **Carbon Emission Monitoring**: Enhanced carbon emission monitoring services and supported the establishment of a green electricity certificate trading platform [8] - **Hydropower Digitalization**: Progress in digitalizing hydropower operations [8] Future Outlook and Strategies - **Profit Margin Improvement**: Plans to enhance profit margins through resource integration, management optimization, and increasing the proportion of high-margin products [17] - **Investment in Digitalization**: Anticipated steady growth in digital investment during the 15th Five-Year Plan period, with a focus on artificial intelligence and quantum technologies [18][21] - **Collaboration with Research Institutions**: Continued partnerships with leading research firms and universities to develop new technologies and applications [27][28] Additional Insights - **Challenges in Profitability**: The integration of Yili Technology has impacted overall profitability due to its lower margin hardware products [16] - **Market Positioning**: The company aims to leverage its experience in information technology to capture new market opportunities, particularly in collaboration with the Yajiang Group [26][28]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][7][10] Financial Data - The financial statements for the third quarter of 2025 are unaudited, covering the period from January to September 2025 [3][6] - The company has not identified any non-recurring gains or losses during the reporting period [3][5] Shareholder Information - The total number of ordinary shareholders and the status of major shareholders have not changed significantly during the reporting period [4] Board Meeting - The company's board of directors held the 19th meeting of the 9th board on October 29, 2025, where the third-quarter report was unanimously approved [7][9] - The meeting complied with relevant regulations and all 11 directors participated in the voting [7][9]

Group 1 - The company, State Grid Information Communication (SH 600131), held its 19th board meeting of the 9th session on October 29, 2025, via telecommunication to review the proposal for amending the "Working Rules of the Audit Committee of the Board of Directors" [1] - For the first half of 2025, the company's revenue composition was 99.88% from information communication and 0.12% from other businesses [1] - As of the report date, the market capitalization of State Grid Information Communication was 22.2 billion yuan [1]

Core Insights - State Grid Information Communication (600131.SH) reported a total operating revenue of 5.687 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 5.98% [1] - The net profit attributable to shareholders of the parent company was 351 million yuan, showing a year-on-year decline of 8.62% [1] - The basic earnings per share stood at 0.29 yuan [1]

Core Insights - The company reported a revenue of 5,687,361,724.77 yuan for the first three quarters of 2025, representing a year-on-year growth of 5.98% [1] - The net profit attributable to shareholders of the listed company was 351,132,683.10 yuan, showing a year-on-year decline of 8.62% [1] Financial Performance - Revenue for the first three quarters of 2025: 5,687,361,724.77 yuan, up 5.98% year-on-year [1] - Net profit for the same period: 351,132,683.10 yuan, down 8.62% year-on-year [1]

证券代码：600131 证券简称：国网信通 公告编号：2025-052号 特此公告。 - 1 - 国网信息通信股份有限公司 第九届董事会第十九次会议决议公告 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 10 月 24 日向各位董事发出了召开第九届 董事会第十九次会议的通知和会议资料，公司第九届董事会第十九次 会议于 2025 年 10 月 29 日以通讯方式召开，会议应表决董事 11 名， 实际表决董事 11 名，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《公司2025年第 三季度报告的议案》。 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 年第三季度报告》。 二、11票同意，0票反对，0票弃权，审议通过了《关于修订<公 司董事会审计委员会工作细则>的议案》。 三、11票同意，0票反 ...

国网信息通信股份有限公司 董事会审计委员会工作细则 （2025 年修订） 第一章 总 则 第一条 为强化董事会决策，做到事前审计、专业审计，确保董 事会对经营层的有效监督，完善国网信息通信股份有限公司（以下简 称"公司"）治理结构，根据《中华人民共和国公司法》《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》《企 业内部控制基本规范》《上海证券交易所股票上市规则》以及《国网 信息通信股份有限公司章程》《国网信息通信股份有限公司董事会议 事规则》及其他相关规范性文件的规定，制定本细则。 第二条 审计委员会是董事会下设的专门委员会，对董事会负责， 向董事会报告工作。 第三条 审计委员会成员须保证足够的时间和精力履行委员会的 工作职责，勤勉尽责，切实有效地监督公司的外部审计，指导公司内 部审计工作，促进公司建立有效的内部控制并提供真实、准确、完整 的财务报告。 第四条 公司须为审计委员会提供必要的工作条件，配备专门人 员或机构承担审计委员会的工作联络、会议组织、材料准备和档案管 理等日常工作。审计委员会履行职责时，公司管理层及相关部门须给 予配合。 第二章 委员会组成 第五条 审计委员会成员由董事 ...

国网信息通信股份有限公司 董事及高级管理人员持股管理办法 （2025 年修订） 第一条 为加强对国网信息通信股份有限公司（以下简称"公司"） 董事、高级管理人员所持本公司股份及其变动的监管，进一步明确办 理程序，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上海证券交易所股票上市规则》《上市公司董事和高级管理人员所 持本公司股份及其变动管理规则》的规定，并结合本公司实际情况， 制定本办法。 （二）本人离职后半年内； （三）公司因涉嫌证券期货违法犯罪，被中国证监会立案调查或 者被司法机关立案侦查，或者被行政处罚、判处刑罚未满六个月的； （四）本人因涉嫌与本公司有关的证券期货违法犯罪，被中国证 监会立案调查或者被司法机关立案侦查，或者被行政处罚、判处刑罚 未满六个月的； 第二条 本办法适用于公司的董事和高级管理人员所持本公司股 份及其变动的管理。公司董事和高级管理人员所持本公司股份，是指 登记在其名下和利用他人账户持有的所有本公司股份。 公司董事和高级管理人员从事融资融券交易的，其所持本公司股 份还包括记载在其信用账户内的本公司股份。 （五）本人因涉及证券期货违法，被中国证监会行政处罚，尚未 足额缴纳罚 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,162,672,571.42, a 29.24% increase compared to ¥1,064,811,360.80 in the same period last year[4] - The total profit for the period was ¥91,687,468.06, representing an 8.62% decrease from ¥72,602,898.65 year-on-year[4] - The net profit attributable to shareholders was ¥85,252,006.90, showing a slight decrease of 0.26% compared to ¥65,545,931.56 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥83,692,745.13, which is a 36.91% increase from ¥61,129,202.87 year-on-year[4] - The basic earnings per share remained at ¥0.07, unchanged from the previous year, while the diluted earnings per share also stood at ¥0.07[5] - Net profit for the first three quarters of 2025 was ¥353,900,652.79, a decrease of 10.43% from ¥395,249,383.59 in 2024[24] - Earnings per share for the first three quarters of 2025 were ¥0.29, down from ¥0.32 in the same period of 2024[24] - The company reported a total comprehensive income of ¥353,900,652.79 for the first three quarters of 2025, compared to ¥395,249,383.59 in 2024, reflecting a decrease of 10.43%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,997,994,777.56, a decrease of 15.91% from ¥12,892,559,602.14 at the end of the previous year[5] - The equity attributable to shareholders decreased by 21.48% to ¥6,240,115,171.17 from ¥7,947,459,873.33 year-on-year[5] - Total current assets as of September 30, 2025, amounted to CNY 10,925,512,918.02, a decrease from CNY 13,472,974,295.15 as of December 31, 2024, representing a decline of approximately 18.9%[16] - Total non-current assets as of September 30, 2025, were CNY 3,072,481,859.54, down from CNY 3,173,339,010.70, indicating a decrease of approximately 3.2%[17] - Total liabilities decreased to CNY 7,301,875,078.88 from CNY 8,245,333,888.94, a reduction of about 11.4%[17] - Total assets decreased to CNY 13,997,994,777.56 from CNY 16,646,313,305.85, a decline of approximately 16.0%[17] - Total liabilities decreased to ¥7,585,986,525.55 in 2025 from ¥8,487,634,312.49 in 2024, indicating a reduction of approximately 10.59%[18] - Total equity attributable to shareholders decreased to ¥6,240,115,171.17 in 2025 from ¥7,947,459,873.33 in 2024, a decline of about 21.43%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,346,919,077.74, a significant improvement from a negative cash flow of ¥115,731,233.64 in the previous year[4] - Cash flow from operating activities for the first three quarters of 2025 was ¥1,346,919,077.74, a significant improvement compared to a negative cash flow of ¥19,095,862.64 in 2024[25] - The company generated cash inflows from operating activities totaling ¥9,180,056,057.62 in 2025, compared to ¥8,026,970,188.52 in 2024, marking an increase of 14.36%[25] - Total cash outflow from investment activities amounted to $2,062,999,681.34, with a net cash flow from investment activities of -$1,921,432,747.53[26] - Cash inflow from financing activities totaled $364,595,417.00, while cash outflow from financing activities was $510,426,115.55, resulting in a net cash flow from financing activities of -$145,830,698.55[26] - The net increase in cash and cash equivalents was -$720,344,368.34, leading to an ending balance of $1,730,713,980.00[26] - The beginning balance of cash and cash equivalents was $2,451,058,348.34, indicating a significant decrease in liquidity[26] - The company reported a cash outflow of $1,853,426,211.10 for investment payments, reflecting substantial capital expenditures[26] - Cash received from borrowings was $200,000,000.00, indicating reliance on debt financing during the period[26] - Cash paid for dividends and interest amounted to $246,289,275.91, highlighting ongoing commitments to shareholders[26] Operational Changes - The company has added three new subsidiaries, including Yili Technology, which contributed to the increase in net profit attributable to shareholders[9] - The company has not reported any significant new strategies or product developments during the conference call[14] - Research and development expenses for the first three quarters of 2025 totaled ¥278,992,066.12, a decrease of 21.56% from ¥355,831,820.96 in 2024[21] Accounting Standards - The company did not apply new accounting standards or interpretations starting from 2025[27]

Core Insights - The company reported third-quarter revenue of 2.163 billion, representing a year-on-year increase of 29.24% [1] - The net profit for the third quarter was 85.252 million, showing a slight decline of 0.26% year-on-year [1] - For the first three quarters, the total revenue reached 5.687 billion, with a year-on-year growth of 5.98% [1] - The net profit for the first three quarters was 351 million, reflecting a year-on-year decrease of 8.62% [1]