Core Viewpoint - The power grid equipment sector experienced significant fluctuations, with notable gains in several companies, indicating a bullish trend in the market [1] Company Performance - Guodian Nanzi reached its daily limit increase, reflecting strong investor interest [1] - Siyuan Electric surged over 8%, achieving a historical high during the trading session [1] - Other companies such as Huaming Equipment, Igor, Mingyang Electric, Colin Electric, and TBEA also saw upward movement, contributing to the overall positive sentiment in the sector [1]

Core Viewpoint - The report by Zhiyan Consulting highlights a significant decline in the production of electrical instruments and meters in China, with a projected decrease in output for 2025 compared to previous years [1]. Industry Summary - According to data from the National Bureau of Statistics, the production of electrical instruments and meters in China for August 2025 is expected to be 21.77 million units, representing a year-on-year decrease of 12.2% [1]. - From January to August 2025, the cumulative production of electrical instruments and meters in China is reported to be 178.886 million units, showing a cumulative decline of 8.2% [1]. - The report provides a comprehensive analysis of the supply and demand forecast for the Chinese instrument and meter market from 2025 to 2031, indicating potential challenges in the industry [1]. Company Summary - Listed companies mentioned in the report include Weisheng Information (688100), Linyang Energy (601222), Samsung Medical (601567), Haixing Electric (603556), XJ Electric (000400), Pinggao Electric (600312), Guodian Nanzi (600268), *ST Huayi (600290), Dongfang Electronics (000682), and Kelon Electronics (002121) [1].

Group 1 - The electric grid equipment sector experienced a majority of adjustments at the beginning of trading on October 17, with several companies showing significant declines [1] - Huaming Equipment, Guodian Nanzi, and Jinpan Technology saw drops exceeding 7%, indicating a notable downturn in their stock performance [1] - Other companies such as Zhongdian Xinlong, Tongda Co., and Teruid also followed the downward trend, reflecting a broader impact on the sector [1]

Core Viewpoint - The power grid equipment sector is experiencing a downward adjustment, with several companies seeing significant declines in their stock prices [1] Group 1: Company Performance - Huaming Equipment, Guodian Nanzi, and Jinpan Technology have all dropped over 7% in stock price [1] - Other companies such as Zhongdian Xilong, Tongda Co., and Teruid have also followed the downward trend [1]

Core Insights - On October 16, Guodian Nanzi's stock fell by 5.05%, trading at 12.97 CNY per share, with a transaction volume of 1.897 billion CNY and a turnover rate of 13.80%, resulting in a total market capitalization of 13.176 billion CNY [1] Company Overview - Guodian Nanzi, established on September 22, 1999, and listed on November 18, 1999, is located in Nanjing, Jiangsu Province. The company specializes in research, development, production, sales, and consulting services related to power transmission and transformation protection, control and automation systems, and various industrial control and automation equipment [1] - The main business revenue composition includes: - Power grid automation: 47.55% - System integration center business: 18.68% - Power plant automation: 14.99% - Information technology business: 9.47% - Hydropower automation: 2.02% - Power electronics: 2.01% - Information security: 1.82% - Rail transit automation: 1.68% - Intelligent primary equipment: 1.29% - Other: 0.37% and 0.12% [1] Shareholder Insights - Among the top ten circulating shareholders of Guodian Nanzi, one fund from GF Fund Management, the GF Multi-Factor Mixed Fund (002943), entered the top ten in the second quarter, holding 3.5439 million shares, which accounts for 0.35% of the circulating shares. The estimated floating loss today is approximately 2.4453 million CNY [2] - The GF Multi-Factor Mixed Fund was established on December 30, 2016, with a latest scale of 12.69 billion CNY. Year-to-date returns are 32.93%, ranking 2538 out of 8161 in its category; the one-year return is 38.32%, ranking 2152 out of 8021; and since inception, the return is 433.76% [2]

Meeting Overview - The second extraordinary general meeting of shareholders was held on October 15, 2025, at the company's headquarters in Nanjing, Jiangsu Province [2][3] - The meeting was presided over by the chairman of the board, Mr. Jing Hailin [3][17] - All current directors and supervisors attended the meeting, with some participating via video [4][10] Resolutions Passed - The following resolutions were approved during the meeting: - The resignation and appointment of directors [5] - The resignation and appointment of the chairman of the supervisory board [5] - The meeting confirmed that there were no dissenting votes on the resolutions [2][5] Legal Compliance - The meeting was conducted in accordance with the Company Law and the company's articles of association, ensuring all procedures were legally valid [9][15] - The legal opinions were provided by Beijing Dacheng (Nanjing) Law Firm, confirming the legality of the meeting's procedures and resolutions [6] Board and Supervisory Committee Updates - The third extraordinary supervisory board meeting was also held on October 15, 2025, where Ms. Cao Min was elected as the chairman of the ninth supervisory board [12] - The third extraordinary board meeting took place on the same day, where the adjustment of the ninth board's specialized committees was approved [18]

一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 10 月 15 日 (二)股东大会召开的地点：江苏省南京市鼓楼区新模范马路 38 号，国电南京自 动化股份有限公司电力数智产业园 1 号楼 1101 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 629 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 604,969,636 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 59.5518 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 证券代码：600268 证券简称：国电南自 公告编号：2025-047 国电南京自动化股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 本次股东大会的召开符合《公司法》和《公司章程》的有关规定。会议由公 ...

北京大成(南京)律师事务所 关于国电南京自动化股份有限公司 2025年 第二次临时股东大会 之 法律意见书 大成 DENTONS 大成 is Dentons' Preferred Law Firm in China. 南京市鼓楼区集慧路 18 号联创科技大厦 A 座 7-11 楼,210036 18 Jihui Road, 7/F-11/F of Building A, Lianchuang Mansion, Gulou District, Nanjing, China, 210036 Tel: +86-025-8375 5110 Fax: +86-025-8375 5111 www.dentons.cn 北京大成(南京)律师事务所 关于国电南京自动化股份有限公司 2025 年 第二次临时股东大会的法律意见书 致:国电南京自动化股份有限公司 根据《中华人民共和国证券法》(以下简称"《证券法》")和《上市公司 股东会规则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性 文件的要求,北京大成(南京)律师事务所(以下简称"本所")接受国电南京 自动化股份有限公司(以下简称"公司")的委托,指派律师参加公 ...

（四）本次会议应出席的监事 3 名，实际出席会议的监事 3 名。其中，参加现 场会议的监事 1 名，因公务原因，监事会主席曹敏女士、监事白延辉先生以视频接 入方式出席会议。 （五）本次会议由监事会主席曹敏女士主持，公司董事会秘书列席了会议。 证券代码：600268 证券简称：国电南自 公告编号：临 2025-049 国电南京自动化股份有限公司 2025 年第三次临时监事会会议决议公告 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。 一、 监事会会议召开情况 （一）国电南京自动化股份有限公司（以下简称"公司"）2025 年第三次临时 监事会会议的召开及程序符合《公司法》《公司章程》及有关法律、法规的要求，会 议合法有效。 （二）本次会议通知于 2025 年 9 月 29 日以电子邮件方式发出。 （三）本次会议于 2025 年 10 月 15 日下午 16:10 以现场结合视频方式召开，现 场会议在江苏省南京市鼓楼区新模范马路 38 号，国电南京自动化股份有限公司电力 数智产业园 1 号楼 1101 会议室召开。 监事会 2025 ...

证券代码：600268 股票简称：国电南自 公告编号：临 2025-048 国电南京自动化股份有限公司 2025 年第三次临时董事会会议决议公告 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。 一、董事会会议召开情况 （一）国电南京自动化股份有限公司（以下简称"公司"）2025 年第三次临 时董事会会议的召开及程序符合《公司法》《公司章程》及有关法律、法规的要 求，会议合法有效。 （二）本次会议通知于 2025 年 9 月 29 日以电子邮件方式发出。 （三）本次会议于 2025 年 10 月 15 日下午 16:00 以现场结合视频方式召开， 现场会议在江苏省南京市鼓楼区新模范马路 38 号，国电南京自动化股份有限公 司电力数智产业园 1 号楼 1101 会议室召开。 （四）本次会议应出席的董事 9 名，实际出席会议的董事 9 名，其中，参加 现场会议的董事 7 名，职工代表董事王茹女士、独立董事谢磊先生以视频接入方 式参会。 （五）本次会议由公司董事长经海林先生主持，公司监事及高级管理人员列 席了会议。 经与会董事讨论，以 ...