Group 1 - The core viewpoint of the news is the performance of the CSI Intelligent Manufacturing Theme Index, which has seen a decline in recent months, indicating potential challenges in the intelligent manufacturing sector [1] - The CSI Intelligent Manufacturing Theme Index has decreased by 1.38% in the past month, 15.83% in the past three months, and 1.82% year-to-date [1] - The index is composed of companies that provide key technological equipment and core supporting software for intelligent manufacturing, as well as those applying intelligent manufacturing in production [1] Group 2 - The top ten weighted companies in the CSI Intelligent Manufacturing Theme Index include: Northern Huachuang (5.53%), Huichuan Technology (5.39%), Cambrian (5.2%), SMIC (4.9%), BOE A (4.57%), Hikvision (4.21%), Zhongke Shuguang (3.67%), Guodian Nari (3.6%), Zhaoyi Innovation (3.04%), and Industrial Fulian (2.98%) [1] - The market share of the CSI Intelligent Manufacturing Theme Index holdings is 54.47% from the Shenzhen Stock Exchange and 45.53% from the Shanghai Stock Exchange [1] - The industry composition of the index holdings shows that information technology accounts for 71.34%, industrial sector for 24.36%, and communication services for 4.30% [1] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [2] - Public funds tracking intelligent manufacturing include: Huabao CSI Intelligent Manufacturing Theme ETF Connect A, Huabao CSI Intelligent Manufacturing Theme ETF Connect C, and Huabao Intelligent Manufacturing ETF [2]

证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-032 国电南瑞科技股份有限公司 （一）股东大会召开的时间：2025 年 05 月 27 日 （二）股东大会召开的地点：江苏省南京市江宁区诚信大道 19 号南瑞大厦 A2-310 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： 权股份总数的比例（%） 注：截至本次股东大会股权登记日，公司总股本为 8,032,088,259 股，其中公司回购专 用证券账户股份数量 30,736,547 股，该等回购股份不享有表决权，故公司有效表决权股份 数量为 8,001,351,712 股。 （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。 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 一、会议召开和出席情况 审议结果：通过 表决情况： | 股东类 | | 同意 | | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- ...

证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-032 国电南瑞科技股份有限公司 本次会议是否有否决议案：无 （一）股东大会召开的时间：2025 年 05 月 27 日 （二）股东大会召开的地点：江苏省南京市江宁区诚信大道 19 号南瑞大厦 A2-310 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 | 1,871 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 6,382,739,699 | | 3、出席会议的股东所持有表决权股份数占公司有表决 | 79.7708 | | 权股份总数的比例（%） | | 注：截至本次股东大会股权登记日，公司总股本为 8,032,088,259 股，其中公司回购专 用证券账户股份数量 30,736,547 股，该等回购股份不享有表决权，故公司有效表决权股份 数量为 8,001,351,712 股。 （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。 一、会议召开和出席情况 2024年年度股东大会决议公告 本公司董事会及全体董事保 ...

东方华银关于国电南瑞 2024 年年度股东大会的法律意见书 上海东方华银律师事务所 致：国电南瑞科技股份有限公司 上海东方华银律师事务所（以下简称"本所"）接受国电南瑞科技股份有限 公司（以下简称"贵司"或"公司"）委托，就贵司召开 2024 年年度股东大会 的有关事宜，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他规范 性文件以及《国电南瑞科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的本次股东大会的相关资 料，包括但不限于公司召开 2024 年年度股东大会的通知、公司 2024 年年度股东 大会的议程、议案及决议等文件资料，同时听取了公司董事会秘书就有关事实的 陈述和说明。公司已向本所作出保证和承诺，保证公司向本所提供的资料和文件 均为真实、准确、完整，无重大遗漏。 本所律师仅就本法律意见书出具日以前所发生的事实以及本所律师对有关 法律法规的理解发表法律意见。 本法律意见书仅供公司为本次股东大会之目的使用，不得用于其他任何目 的。本所同意本法律意 ...

记者从国家电网了解到，世界海拔最高的特高压直流工程，金沙江上游至湖北正负800千伏特高压直流 输电工程今天完成全部放线施工，实现全线贯通。今天(27日)下午2时左右，在四川省甘孜藏族自治州 雅江县境内，70米高的输电铁塔上，2根输电导线在红色走板的牵引下，向着所在塔位匀速前进，这也 是整个金沙江上游至湖北特高压工程全线展放的最后2根输电导线。随着导线顺利通过铁塔下方的滑 车，输电导线展放工作全部完成，标志着工程实现全线贯通。(央视新闻) ...

Market Overview - The FTSE China A50 Index showed a mixed performance with the banking sector seeing gains while the semiconductor and automotive sectors experienced declines [1] Banking Sector - Major banks such as China Pacific Insurance, Ping An Insurance, and China Life Insurance reported market capitalizations of 363.08 billion, 323.34 billion, and 971.52 billion respectively, with trading volumes of 246 million, 819 million, and 326 million [3] Semiconductor Sector - North China Innovation and Cambricon Technologies had market capitalizations of 229.69 billion and 262.17 billion respectively, with trading volumes of 1.706 billion and 674 million, showing declines of 1.58 (-0.37%) and 22.99 (-3.53%) [3] Automotive Sector - Great Wall Motors and BYD reported market capitalizations of 193.36 billion and 289.24 billion respectively, with trading volumes of 6.002 billion and 1.8 billion, both showing declines of 11.95 (-3.14%) and 0.20 (-0.88%) [3] Oil and Gas Sector - China Shipping and Sinopec had market capitalizations of 688.88 billion and 252.95 billion respectively, with trading volumes of 1.145 billion and 187 million, showing no significant change [3] Coal Sector - China Shenhua and Shaanxi Coal and Chemical Industry reported market capitalizations of 200.01 billion and 787.59 billion respectively, with trading volumes of 417 million and 260 million, with slight changes in stock prices [3] Power Sector - Yangtze Power and China Nuclear Power had market capitalizations of 199.30 billion and 743.83 billion respectively, with trading volumes of 1.022 billion and 601 million, showing minor fluctuations [4] Food and Beverage Sector - China Citic Securities and Haitai Flavoring reported market capitalizations of 377.18 billion and 246.00 billion respectively, with trading volumes of 198 million and 610 million, both showing slight declines [4] Consumer Electronics Sector - Industrial Fulian and Luxshare Precision reported market capitalizations of 367.39 billion and 221.56 billion respectively, with trading volumes of 1.782 billion and 1.135 billion, both showing declines [4] Logistics Sector - Mindray Medical and Wanhua Chemical reported market capitalizations of 172.47 billion and 226.01 billion respectively, with trading volumes of 340 million and 340 million, both showing slight declines [4] Construction Sector - China State Construction and Zijin Mining reported market capitalizations of 478.93 billion and 233.05 billion respectively, with trading volumes of 1.613 billion and 493 million, showing minor fluctuations [4][5]

Core Viewpoint - Guodian NARI Technology Co., Ltd. has achieved record highs in operating revenue, net profit, and total assets in 2024, demonstrating strong profitability and a positive development trend [1][3]. Group 1: Financial Performance - In 2024, Guodian NARI achieved operating revenue of 57.417 billion yuan, a year-on-year increase of 11.15% [1]. - The net profit attributable to shareholders reached 7.610 billion yuan, reflecting a year-on-year growth of 6.06% [1]. - By the end of 2024, the net assets attributable to shareholders were 49.224 billion yuan, and total assets were 92.705 billion yuan, representing increases of 4.31% and 7.52% respectively [1]. Group 2: Business Segments - The company focuses on four major industrial clusters: smart grid, digital energy integration, low-carbon energy, and industrial interconnection, with grid business as the core [1][2]. - The digital energy integration segment generated revenue of 12.36 billion yuan in 2024, up 11% year-on-year, with a gross margin of 22.4% [2]. - Emerging businesses saw rapid growth, with related revenue increasing by 36.24% year-on-year [2]. Group 3: International Expansion - Guodian NARI's international business achieved revenue of 3.279 billion yuan in 2024, a significant year-on-year increase of 135% [2]. - The company is focusing on expanding its business in Southeast Asia, the Middle East, Central Asia, and Latin America, while also exploring opportunities in Europe related to grid infrastructure upgrades and renewable energy projects [2]. Group 4: Industry Insights - Experts highlight the importance of digital energy integration for energy and power companies, noting that Guodian NARI's practices can enhance the intelligence of power systems and improve operational efficiency [3]. - The integration of digital technology with energy business is seen as a way to open new growth points and enhance market competitiveness for energy companies [3].

Core Viewpoint - State Grid Corporation of China held its first collective performance briefing for its listed companies, showcasing high-quality development achievements and emphasizing innovation in the new power system construction [1] Group 1: Financial Performance - In 2024, the company achieved a record high in total assets, operating revenue, and net profit, with operating revenue reaching 57.417 billion yuan, a year-on-year increase of 11.15%, and net profit attributable to shareholders of 7.610 billion yuan, up 6.06% [1] - The company has been recognized as a benchmark for "scientific and technological reform enterprises" by the State-owned Assets Supervision and Administration Commission and has maintained an A-class rating for information disclosure from the Shanghai Stock Exchange for ten consecutive years [1] Group 2: Strategic Layout - The company has established four major industrial clusters: smart grid, digital energy integration, low-carbon energy, and industrial interconnection, with a focus on grid business as the foundation and external and overseas businesses as growth areas [2] - Core product advantages in new generation dispatching, ultra-high voltage, and digitalization of grid production have been further highlighted, enhancing market competitiveness in new energy, industrial control, and microgrid businesses [2] Group 3: Technological Innovation - The company has built a research and development system that integrates research with application, strengthening foundational research capabilities and continuously producing significant innovations such as domestically produced direct current control systems and ultra-high voltage converter valves [2] - The company has led the formulation of four international standards and seven national industry standards, enhancing its influence and voice in the industry [2] Group 4: Management and ESG Practices - The company has initiated quality improvement and efficiency enhancement actions, implemented a talent empowerment plan, and advanced lean production management, achieving strong core performance indicators compared to peers [2] - The company has established a scientific and efficient governance system and a green production system, releasing social responsibility reports for 13 consecutive years and demonstrating its commitment to corporate social responsibility [2] Group 5: Shareholder Returns and Mechanism Reform - The company has actively implemented cash dividends, with a cumulative dividend of 18.6 billion yuan since its listing, maintaining a high dividend payout ratio of 60% for 2023 and 2024 [3] - The company has initiated share buybacks to boost market confidence, with a buyback amount of 386 million yuan in 2024 and a new round of buybacks starting in April 2025 [3] - The company aims to deepen reforms to stimulate innovation and enhance governance, positioning itself as a leader in the energy internet sector through technological innovation and diversified development [3]

Core Viewpoint - The second phase of the DC system renovation project at the Itaipu Hydroelectric Power Plant in Brazil, undertaken by a Chinese company, has officially commenced, marking a significant upgrade in the plant's 40-year operational history [1][2]. Group 1: Project Overview - The renovation project is a major undertaking by China National Grid's subsidiary, China Electric Power Equipment and Technology Co., Ltd., and represents the first large-scale DC transmission renovation project undertaken by the State Grid overseas [1]. - The Itaipu Hydroelectric Power Plant is one of the largest in the world, with its DC transmission system built in the 1980s, setting multiple records in voltage levels and transmission capacity [1]. Group 2: Project Details - The renovation project began on January 9, 2024, and includes system research, design, equipment supply, installation, debugging, training, and auxiliary operation and maintenance, divided into two phases [1]. - The first phase, which involved the modification of the valve hall, was completed 40 days ahead of schedule on December 7, 2024, receiving high praise from Brazil's national electricity company [1][2]. Group 3: Technical and Operational Aspects - The second phase of the renovation will take two years, with the current bipolar 1 shutdown scheduled from May to November, covering the Iguaçu and Ibiúna converter stations [2]. - The project involves the dismantling and installation of equipment in seven valve halls, comprehensive civil and electrical construction at both stations, and upgrades to the bipolar 1 control protection system [2]. - The project is characterized by its technical complexity, large workload, tight schedule, and the need for extensive coordination among multiple participating units [2].

Core Insights - China has made significant efforts in promoting energy transition and infrastructure development, setting a global example in renewable energy integration [1][2] - The international community recognizes the need for a clean and low-carbon energy transition, with a focus on system stability and digitalization in power grids [1] - The forum highlighted China's role in renewable energy development and the importance of innovative technologies in enhancing power transmission efficiency [1][2] Group 1 - The Director-General of the International Renewable Energy Agency emphasized China's exemplary efforts in large-scale renewable energy integration [1] - The Chairman of the State Grid Corporation of China stated that addressing climate change and accelerating energy transition has become a global consensus [1] - The forum showcased significant technological achievements in new power system construction, including flexible DC equipment for offshore wind power and high-proportion renewable energy grid operation control [2] Group 2 - The International Electrotechnical Commission is committed to digitalization and electrification of equipment, promoting sustainable development through global cooperation [2] - The forum aimed to share practical results and strengthen international collaboration for green energy transition and sustainable development [2] - Representatives from 30 countries and regions participated in the forum, indicating a broad international interest in energy transition [2]