国电南瑞科技股份有限公司 授权管理办法 第三条 国电南瑞授权管理以公司章程为基础，遵循"依法合规、权责对等、 合理授权、强化监管"的原则，构建以公司治理授权和公司管理授权为核心的公 司授权管理体系，规范授权行权方式及流程，建立授权事项合法合规性审查审核 机制、授权事项执行报告机制、授权事项实施评估机制、授权管理全过程监督机 制。 第四条 本办法适用于国电南瑞本部、分支机构及下属各级全资控股单位 （以下简称"各级单位"）。 第二章 授权主体 （2025 年修订） 第一章 总 则 第一条 为规范国电南瑞科技股份有限公司（以下简称"国电南瑞"）授权 管理，根据《中华人民共和国公司法》等法律法规及《国电南瑞科技股份有限公 司章程》，制定本办法。 第二条 本办法所称授权是指国电南瑞及公司法定代表人、董事会、董事长、 总经理等主体依据法律法规、公司章程等规定，将职权授予其他主体代为行使的 行为。 第六条 公司管理授权是指特定治理主体将法律法规、公司章程、规章制度 中规定的主体责任以及承接的公司治理授权事项，授予非特定治理主体行使的授 权行为。具体包括： （一）董事会对董事会专门工作机构的授权； 第五条 公司治理授权是指授 ...

Core Viewpoint - The company reported a significant increase in revenue and net profit for the first half of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's revenue for the first half of 2025 reached 24.243 billion yuan, representing a year-on-year growth of 19.54% [1] - The net profit for the same period was 2.952 billion yuan, showing an increase of 8.82% compared to the previous year [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.147 yuan per share (including tax) based on the total share capital after deducting the shares held in the company's repurchase account [1]

Complaint Situation - In July 2025, the 12398 Energy Regulatory Hotline received a total of 3,185 complaints, with 3,034 related to the electricity sector and 151 to the renewable energy sector [3] - The main complaints were directed at State Grid Corporation (2,326 complaints), Southern Power Grid Company (629 complaints), Inner Mongolia Power Group (49 complaints), and other power enterprises (175 complaints) [3] - The primary complaint categories included power outage repairs, electricity application processes, and power quality issues [3] Complaint Handling Situation - Energy companies resolved 2,949 complaints in July, achieving a 100% timely resolution rate within 10 working days [4] - The satisfaction rate for follow-up calls after complaint resolution was 90.18% [4] Complaint Hotspot Issues - In regions like Shaanxi and Sichuan, residents reported inadequate reliability management by power companies, leading to low voltage and frequent outages [8] - In Guangxi and Shanxi, complaints were made regarding untimely power outage repairs and non-standard practices for power disconnection due to unpaid bills [8] - In Jiangxi and Jiangsu, issues were raised about non-standard procedures in handling electricity application, transfer, and cancellation processes, leading to delays for users [8] Appeal Situation - In July 2025, the hotline received 278 appeals, resulting in a complaint appeal rate of 9.18% [9] - The majority of appeals were against State Grid Corporation (223 appeals) and Southern Power Grid Company (40 appeals) [9] Appeal Handling Situation - The National Energy Administration's agencies handled 173 appeals and resolved 219 appeals, focusing on issues related to electricity applications, meter measurement, and renewable energy grid connection [10] Appeal Hotspot Issues - In regions like Hebei and Anhui, residents reported inconsistent standards in reviewing user application materials and delays in meter installation [11] - In Inner Mongolia and Shaanxi, complaints were made about untimely maintenance of metering devices and inaccurate meter readings [12] - In Shandong and Jiangsu, issues were raised regarding unreasonable grid connection plans and non-standard acceptance checks [12] Reporting Situation - The hotline received 122 reports in July 2025, with the majority concerning electrical facility licensing (67 reports) and renewable energy grid connection (13 reports) [13] - The provinces with the highest number of reports included Shaanxi (11 reports), Guangdong (10 reports), Jiangsu (9 reports), Shandong (9 reports), and Henan (7 reports) [13] Reporting Handling Situation - The National Energy Administration's agencies accepted 99 reports and resolved 123 issues, addressing verified violations through regulatory discussions, orders for rectification, and administrative penalties [16] Reporting Hotspot Issues - In regions like Sichuan and Guangdong, residents reported that some electrical facility companies misused electricians' certificates and provided false information during licensing processes [17] - In Jiangsu, complaints were made about power companies not addressing violations of excessive electricity usage as per the supply business rules [17] - In Shanxi, issues were raised regarding a power construction unit violating regulations by subcontracting already contracted line projects [17] Work Requirements - Energy companies are required to enhance power supply quality, standardize power outage management, and strengthen emergency repairs, especially during peak summer periods [18] - Companies must improve electricity application management and adhere to the "three zero" policy, ensuring timely processing of cancellation and new application requests [18] - There is a need to elevate service levels, promote smart meters and tiered pricing policies, and maintain metering devices to enhance user experience [18] - Companies should strengthen renewable energy grid connection management, develop reasonable connection plans, and clarify connection standards and capacities to users [18]

国电南瑞科技股份有限公司关于召开2025年半年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600406 证券简称：国电南瑞 公告编号：临2025-045 四、投资者参加方式 会议召开时间：2025年09月02日(星期二)上午11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于2025年08月26日(星期二)至09月01日(星期一)16:00前登录上证路演中心网站首页点击"提问 预征集"栏目或通过公司邮箱stock@sgepri.sgcc.com.cn进行提问。公司将在业绩说明会上对投资者普遍 关注的问题进行回答。 国电南瑞科技股份有限公司（以下简称"公司"）将于2025年8月28日发布公司2025年半年度报告，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、财务状况，公司计划于0 ...

证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-045 国电南瑞科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 09 月 02 日(星期二)上午 11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 08 月 26 日(星期二)至 09 月 01 日(星期一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 stock@sgepri.sgcc.com.cn 进行提问。公司将在业绩说明会上对投资者普遍关 注的问题进行回答。 国电南瑞科技股份有限公司（以下简称"公司"）将于 2025 年 8 月 28 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 ...

Core Viewpoint - The article highlights the issuance of AAA credit ratings to various software companies in China, emphasizing the importance of integrity and creditworthiness in the software service industry [1][2][3] Group 1: AAA Credit Rated Companies - A total of 50 companies have been awarded AAA credit ratings, which are valid until August 25, 2028 [1][2][3] - Notable companies include: - Zhengcaiyun Co., Ltd. - Beijing Shenzhou Taiyue Software Co., Ltd. - Yimeng Co., Ltd. - Shenzhen Taiji Digital Technology Co., Ltd. - Guangdong Zhuowei Network Co., Ltd. [1][2][3] Group 2: Evaluation Process - The evaluation process for obtaining the AAA credit rating involves voluntary application, recommendations from local software industry associations, document review, and expert assessments [1] - The initiative aims to promote a culture of integrity and enhance self-regulation within the software industry [1][2]

Company Overview - Guodian NARI Technology Co., Ltd. is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province, and was established on February 28, 2001, with its listing date on October 16, 2003 [1] - The company specializes in power grid automation, industrial control (including rail transit), power generation and new energy, and energy conservation and environmental protection [1] - The main business revenue composition includes: smart grid 49.58%, digital energy integration 21.54%, low-carbon energy 21.22%, industrial interconnection 4.99%, integration and others 2.50%, and other businesses 0.16% [1] Financial Performance - As of March 31, 2025, Guodian NARI achieved operating revenue of 8.895 billion yuan, a year-on-year increase of 15.54%, and a net profit attributable to shareholders of 680 million yuan, a year-on-year increase of 14.19% [2] - The company has cumulatively distributed cash dividends of 23.134 billion yuan since its A-share listing, with 11.5 billion yuan distributed in the last three years [3] Stock Market Activity - On August 25, Guodian NARI's stock price increased by 2.01%, reaching 22.30 yuan per share, with a trading volume of 1.598 billion yuan and a turnover rate of 0.90%, resulting in a total market capitalization of 179.116 billion yuan [1] - Year-to-date, the stock price has decreased by 10.03%, with a 2.34% increase over the last five trading days, a 0.72% increase over the last 20 days, and a 2.50% increase over the last 60 days [1] - As of March 31, 2025, the number of shareholders increased to 110,100, a rise of 41.36%, while the average circulating shares per person decreased by 29.15% to 72,656 shares [2] Institutional Holdings - As of March 31, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 1.117 billion shares, a decrease of 47.293 million shares from the previous period [3] - Other notable institutional shareholders include Huaxia SSE 50 ETF, Huatai-PB CSI 300 ETF, and E Fund CSI 300 ETF, all of which have seen a decrease in their holdings [3]

Core Viewpoint - The article emphasizes the strategic significance of new energy storage in supporting the construction of a new power system and achieving "dual carbon" goals, highlighting the achievements and trends in China's new energy storage development [2][8]. Group 1: Achievements in New Energy Storage Development - The State Grid Corporation has significantly enhanced new energy storage technology innovation and mechanism construction, achieving substantial growth in both scale and quality [3]. - By the end of 2024, the cumulative installed capacity of new energy storage projects in China is expected to reach 73.76 million kilowatts, representing over a 130% increase from the end of 2023 [4]. - As of June 2025, the installed capacity in the State Grid's operating area reached 76.24 million kilowatts, with an annual increase of 17.48 million kilowatts, a year-on-year growth of 100.34% [4]. Group 2: Technological Advancements - The State Grid Corporation is leading the establishment of a technology innovation hub, promoting diverse technological innovations and demonstration applications, including lithium-ion and sodium-ion batteries [6]. - Over 40 national standards for new energy storage have been released or implemented, contributing to the continuous improvement of the standard system [6]. Group 3: Market Mechanism Improvements - The State Grid Corporation has pioneered the construction of a market-oriented mechanism for new energy storage, facilitating the release of its value [7]. - In 2024, the trading volume of new energy storage in the operating area reached 7.12 billion kilowatt-hours, a year-on-year increase of 2.7 times [7]. Group 4: Future Directions for New Energy Storage - The report outlines the need for new energy storage to evolve into a core system regulation component, clarifying its functional positioning within the new energy system [9]. - There is a focus on breakthroughs in long-duration energy storage technologies, with current applications dominated by lithium-ion batteries, which accounted for 96.4% of installed capacity in 2024 [10]. - The establishment of a multi-layered unified electricity market system is essential to enhance the market mechanisms for new energy storage, ensuring reasonable returns and cost distribution [11]. Group 5: Key Initiatives for High-Quality Development - The State Grid Corporation aims to strengthen top-level design and optimize resource allocation to support the implementation of the new energy storage plan [13]. - There is a commitment to tackle core technology challenges and promote the large-scale application of innovative storage technologies [14]. - The corporation will provide technical support for the construction of a unified national electricity market, enhancing the profitability pathways for new energy storage [15].

Group 1: Central State-Owned Enterprises Innovation-Driven ETF Performance - The Central State-Owned Enterprises Innovation-Driven ETF (515900) has seen a recent increase of 0.90%, marking its third consecutive rise, with the latest price at 1.57 yuan [3] - As of August 21, 2025, the ETF has achieved a net value increase of 16.62% over the past year, with a maximum single-month return of 15.05% since inception [5] - The ETF's trading volume has been significant, with a turnover rate of 0.65% and a transaction value of 22.96 million yuan on the latest trading day [3] Group 2: Index Composition and Performance Metrics - The Central State-Owned Enterprises Innovation-Driven Index (000861) includes 100 representative listed companies evaluated for innovation and profitability, with the top ten stocks accounting for 34.11% of the index [6] - The ETF has demonstrated strong recovery metrics, with a relative drawdown of 0.08% year-to-date and the fastest recovery time of 105 days among comparable funds [5] - The ETF's management fee is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [5] Group 3: Liquid Cooling Technology and Humanoid Robotics - The liquid cooling technology is expected to see a significant increase in penetration within AI data centers, rising from 14% in 2024 to 33% in 2025, driven by the release of NVIDIA's GB200 NVL72 servers [4] - The humanoid robotics industry is experiencing rapid advancements, highlighted by the success of the "Tiangong" robot at the World Humanoid Robot Games, showcasing substantial progress in perception and control technologies [4]

Core Viewpoint - The microgrid monitoring system serves as a crucial hub connecting distributed energy and smart grids, enabling integrated control of generation, grid, load, and storage, ensuring safe and stable operation of microgrids. The industry is expected to see significant growth, with the market size projected to exceed 12 billion yuan by 2025, driven by policy support and technological advancements [1][5][13]. Industry Overview - The microgrid monitoring system is an automated management system that monitors, analyzes, and dispatches distributed power sources, storage devices, loads, and power electronic equipment through real-time data collection and intelligent control [2][11]. - The system can be categorized into centralized, distributed, and hierarchical monitoring systems based on application scenarios and technical characteristics, as well as household, community, and industrial scales [3]. Policy Analysis - Since the "14th Five-Year Plan" emphasized the "dual carbon" strategy, China has accelerated the construction of a clean, low-carbon, safe, and efficient energy system, with microgrid monitoring systems playing a key role in the digital transformation of energy systems [5][6]. - A series of policies have been introduced to support the development of the microgrid monitoring system industry, enhancing its role in the new power system [5][6]. Market Development - The microgrid monitoring system market is expected to exceed 12 billion yuan by 2025, with significant potential for growth driven by increasing demand for energy management systems [13]. - The total market space for microgrid energy management systems could reach 57.1 billion yuan by 2025, with management systems and software accounting for over 90% of this market [13]. Technological Advancements - Recent advancements in microgrid monitoring systems include the integration of AI and digital twin technologies, enabling real-time control and seamless switching between grid-connected and off-grid modes [15][22]. - The system architecture typically adopts a "cloud-edge-end" layered model, achieving millisecond-level control and compatibility with 23 industrial standards [16][22]. Competitive Landscape - The industry is characterized by a tripartite structure involving grid companies, energy enterprises, and technology firms, each occupying different tiers of the market [17][19]. - Companies like Ankerui and Yongfu are leading in specialized automation solutions, while energy companies like State Grid and Haier focus on integrating renewable resources [19][20]. Future Trends - The microgrid monitoring system industry is expected to witness trends of technological intelligence, diversified application scenarios, and globalized business models [22][24]. - The integration of IoT, AI, and new storage technologies will drive the evolution towards fully intelligent systems, enhancing renewable energy consumption and operational efficiency [22][24]. - The market is anticipated to expand into new application areas such as urban emergency power supply and hydrogen energy utilization, with emerging scenarios expected to account for over 40% of the market by 2027 [24][25].