证券代码：600268 股票简称：国电南自 公告编号：临2025-051 国电南京自动化股份有限公司 第九届监事会第四次会议决议公告 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"国电南自"、"公司"） 第九届监事会第四次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 10 月 17 日以电子邮件方式发出。 （三）本次会议于 2025 年 10 月 28 日上午 11:00 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。 - 1 - 易所的各项规定，其中所披露的信息真实地反映了公司 2025 年第三季度的财务 状 ...

国电南京自动化股份有限公司 监事会关于限制性股票激励计划预留授予第二个解除限售 期可解锁激励对象名单的核查意见 2、公司不存在法律、法规和规范性文件规定的不得实施股权激励的情形; 公司未发生本次激励计划规定的不得解除限售的情形,经董事会确认公司层面的 业绩考核指标已达成。 3、本次激励计划预留授予第二个解除限售期符合解锁条件的激励对象绩效 考核结果合规、真实,不存在虚假、故意隐瞒等相关情况,符合《公司法》《证 券法》等法律、法规和规范性文件以及《公司章程》规定的任职资格,符合《管 理办法》等法律、法规和规范性文件规定的激励对象条件,符合公司《限制性股 票激励计划》规定的激励对象范围,其作为公司本次激励计划激励对象的主体资 格合法、有效。 国电南京自动化股份有限公司(以下简称"公司")监事会依据《中华人民 共和国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下简称 "《证券法》")、《上市公司股权激励管理办法》(以下简称"《管理办法》")等相 关法律、法规及规范性文件和《国电南京自动化股份有限公司章程》(以下简称 "《公司章程》")的有关规定,对公司限制性股票激励计划(以下简称"本次激 励计划 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 2,026,383,392.07, a decrease of 4.40% compared to the same period last year[4] - The total profit for the quarter was CNY 131,590,740.73, an increase of 8.12% year-on-year[4] - The net profit attributable to shareholders was CNY 51,758,510.88, reflecting a slight increase of 0.74% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 50,516,884.06, up by 2.24% year-on-year[4] - The basic earnings per share for the quarter was CNY 0.05, a decrease from CNY 0.31 in the same period last year[5] - The diluted earnings per share also stood at CNY 0.05, compared to CNY 0.06 in the previous year[5] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2025 expected to show a positive trend compared to the previous year[19] - Net profit for the period reached ¥416,590,462.55, compared to ¥285,819,477.69 in the previous year, marking an increase of about 46%[21] - Basic and diluted earnings per share improved to ¥0.21, up from ¥0.10, representing a 110% increase[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,494,540,032.32, an increase of 4.95% from the end of the previous year[5] - The equity attributable to shareholders was CNY 3,432,217,111.24, reflecting a growth of 2.68% year-on-year[5] - Total liabilities as of September 30, 2025, amounted to RMB 7,105,694,064.32, compared to RMB 6,667,788,267.57 at the end of 2024, marking an increase of 6.5%[18] - Total equity increased to RMB 4,388,845,968 from RMB 4,284,242,231.92, reflecting a growth of 2.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -518,031,825.97, a decline of 260.60% compared to the previous year[5] - The net cash flow from operating activities was negative at -¥518,031,825.97, a decline from a positive cash flow of ¥322,560,355.90 in the previous year[24] - The investment activities generated a net cash outflow of -¥174,556,116.14, compared to -¥40,068,705.80 in the previous year, indicating an increase in cash outflow[25] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 6,308,016,398.11, an increase of 13.9% compared to RMB 5,538,826,132.35 in the same period of 2024[19] - Total operating costs for the first three quarters of 2025 were RMB 5,866,676,600.10, up from RMB 5,235,760,674.53 in the first three quarters of 2024[19] - The total revenue from operating activities was ¥6,106,276,050.22, compared to ¥5,907,280,834.68 in the same period last year, reflecting a slight increase of about 3.4%[24] Research and Development - Research and development expenses rose to ¥413,678,086.69, up from ¥382,284,468.68, indicating a growth of approximately 8.5%[20] Market Strategy - The company is focusing on expanding its market presence and enhancing product development to drive future growth[19] Cash and Equivalents - Cash and cash equivalents decreased to RMB 1,685,941,399.27 from RMB 2,653,300,321.19, a decline of 36.3%[16] - The cash and cash equivalents at the end of the period stood at ¥1,646,115,267.09, down from ¥1,721,866,866.89, indicating a decrease of about 4.4%[25] Financial Expenses - The company incurred a financial expense of ¥11,483,642.13, slightly down from ¥11,896,978.48, showing a decrease of approximately 3.5%[20] Non-Recurring Gains - The company reported non-recurring gains of CNY 1,241,626.82 for the quarter, with a total of CNY 11,056,862.81 year-to-date[8]

Core Viewpoint - The stock of Guodian Nanzi has experienced fluctuations, with a recent decline of 2.04% and a significant increase of 89.82% year-to-date, indicating volatility in investor sentiment and market performance [1]. Group 1: Stock Performance - As of October 28, Guodian Nanzi's stock price is 12.49 CNY per share, with a market capitalization of 12.688 billion CNY [1]. - Year-to-date, the stock has increased by 89.82%, with a recent 5-day decline of 2.27%, a 20-day increase of 28.37%, and a 60-day increase of 29.16% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the latest instance on July 23, where it recorded a net buy of -73.5087 million CNY [1]. Group 2: Financial Performance - For the first half of 2025, Guodian Nanzi reported a revenue of 4.282 billion CNY, representing a year-on-year growth of 25.23%, and a net profit attributable to shareholders of 159 million CNY, reflecting a significant increase of 197.03% [3]. Group 3: Company Overview - Guodian Nanzi, established on September 22, 1999, specializes in power automation systems, including transmission and distribution protection, control systems, and industrial automation equipment [2]. - The company's revenue composition includes 47.55% from grid automation, 18.68% from system integration, and 14.99% from power plant automation, among other segments [2]. - The company is classified under the electric equipment industry, specifically in grid automation equipment [2]. Group 4: Shareholder Information - As of June 30, 2025, Guodian Nanzi has 36,200 shareholders, with an average of 27,908 circulating shares per person [3]. - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 71.0498 million shares, an increase of 3.1585 million shares from the previous period [4].

Core Insights - On October 27, Guodian Nanzi's stock rose by 5.37%, reaching 12.94 CNY per share, with a trading volume of 785 million CNY and a turnover rate of 6.20%, resulting in a total market capitalization of 13.145 billion CNY [1] Company Overview - Guodian Nanjing Automation Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on September 22, 1999, with its listing date on November 18, 1999 [1] - The company primarily engages in research, development, production, sales, and consulting services related to power transmission and transformation protection, control and automation systems, power plant protection control and automation systems, dispatching and distribution automation systems, rail transit automation systems, and other industrial control and automation equipment [1] - The revenue composition of the company includes: - 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 (supplement): 0.37% - Other: 0.12% [1] Fund Holdings - According to data, one fund under Penghua Fund holds a significant position in Guodian Nanzi. The Penghua Guozheng 2000 Index Enhanced A (017892) held 156,900 shares in the second quarter, unchanged from the previous period, accounting for 1.01% of the fund's net value, making it the third-largest holding [2] - The fund has a current scale of 64.2343 million CNY and has achieved a return of 46.12% year-to-date, ranking 834 out of 4219 in its category; over the past year, it has returned 59.45%, ranking 278 out of 3877; since inception, it has returned 53.25% [2]

Core Insights - On October 22, Guodian Nanzi's stock price fell by 5.16%, closing at 12.12 CNY per share, with a trading volume of 714 million CNY and a turnover rate of 5.75%, resulting in a total market capitalization of 12.312 billion CNY [1] Company Overview - Guodian Nanjing Automation Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on September 22, 1999, with its listing date on November 18, 1999 [1] - The company primarily engages 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 revenue composition of the company's main business includes: - Grid Automation: 47.55% - System Integration Center: 18.68% - Power Plant Automation: 14.99% - Information Technology: 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] Fund Holdings - According to data, one fund under Rongtong holds a significant position in Guodian Nanzi. The Rongtong CSI A500 Index Enhanced A (022820) fund held 197,600 shares in the second quarter, accounting for 1.37% of the fund's net value, making it the ninth-largest holding [2] - The estimated floating loss for the fund today is approximately 130,400 CNY [2] Fund Manager Performance - The fund manager for Rongtong CSI A500 Index Enhanced A (022820) is He Tianxiang, who has a tenure of 11 years and 1 day, managing a total asset size of 7.662 billion CNY, with the best fund return during his tenure being 121.62% and the worst being -80.34% [3] - Co-manager Xiong Junjie has a tenure of 2 years and 7 days, managing assets of 999.7 million CNY, with the best return of 31.47% and the worst return of 0.78% during his tenure [3]

Market Performance - The grid equipment sector increased by 2.14% on the previous trading day, with Zhiguang Electric leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Highlights - Zhiguang Electric (002169) closed at 8.12, with a rise of 10.03% and a trading volume of 567,100 shares, amounting to a transaction value of 439 million yuan [1] - Guodian Nanzi (600268) closed at 12.78, up 9.98%, with a trading volume of 812,900 shares, totaling 1.004 billion yuan [1] - Mingyang Electric (301291) closed at 51.10, increasing by 7.76%, with a trading volume of 150,000 shares, amounting to 744 million yuan [1] - Siyuan Electric (002028) closed at 122.85, up 7.32%, with a trading volume of 169,500 shares, totaling 2.058 billion yuan [1] Capital Flow - The grid equipment sector saw a net inflow of 389 million yuan from institutional investors, while retail investors contributed a net inflow of 483 million yuan [2] - The sector experienced a net outflow of 871 million yuan from speculative funds [2] Individual Stock Capital Flow - TBEA (600089) had a net inflow of 48.6 million yuan from institutional investors, while it faced a net outflow of 291 million yuan from speculative funds [3] - Zhiguang Electric (002169) recorded a net inflow of 80.61 million yuan from institutional investors, with a net outflow of 34.29 million yuan from speculative funds [3] - Mingyang Electric (301291) had a net inflow of 63.72 million yuan from institutional investors, but faced a net outflow of 80.21 million yuan from speculative funds [3]

Group 1 - A-shares experienced a strong rebound on October 21, with the only electric grid equipment ETF (159326) rising by 2% and achieving a trading volume of 60.92 million yuan, indicating increased market attention on the sector [1] - Key stocks in the electric grid equipment sector, such as Guodian Nanzi and Zhiguang Electric, hit the daily limit, while Siyuan Electric surged over 7%, reflecting positive market sentiment [1] - The National Development and Reform Commission released a three-year action plan on October 15, aiming to double the service capacity of electric vehicle charging facilities by 2025, which includes upgrading the distribution network [1] Group 2 - The plan emphasizes integrating charging facility demands into distribution network planning, focusing on urban core areas, highway service areas, transportation hubs, and old residential communities [1] - Recently, the State Grid initiated a bidding process for ultra-high voltage projects, including the Mengxi-Beijing-Tianjin-Hebei and Tibet-Guangdong projects, with dynamic investments of 17.178 billion yuan and 53.168 billion yuan respectively [1] - According to Everbright Securities, by 2025, a unified national electricity market is expected to be established, with significant developments in cross-province transmission channels, digitalization, carbon markets, and electricity market construction [2] Group 3 - The electric grid equipment ETF (159326) tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation, and distribution equipment [2] - The ultra-high voltage segment holds a significant weight of 63% in the ETF, the highest in the market, with top holdings including industry leaders like Guodian Nanzi, Tebian Electric, and Siyuan Electric [2]

Group 1 - The A-share market saw a collective rise in the three major indices, with significant increases in sectors such as energy equipment, electrical grid, and power generation equipment as of October 21 [1] - The only electrical grid equipment ETF (159326) rose by 2.14%, with a trading volume of 34.37 million yuan, and key stocks like China Electric Power and Siyuan Electric hitting the daily limit [1] - The National Development and Reform Commission issued a plan to enhance electric vehicle charging infrastructure, emphasizing the upgrade of distribution networks to accommodate charging facilities [1] Group 2 - The electrical grid equipment ETF (159326) tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors like transmission and transformation equipment, grid automation, and distribution equipment [2] - The ETF has a high weight of 63% in ultra-high voltage components, the highest in the market, and includes leading companies such as Guodian NARI, TBEA, and Siyuan Electric among its top ten holdings [2]

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]