Core Points - The board of directors of Guodian NARI Technology Co., Ltd. held its seventh meeting of the ninth session on August 15, 2025, and made several important resolutions [1][2][3] Group 1: Fund Management and Financial Reports - The board approved the special report on the use and storage of raised funds for the first half of 2025 with unanimous consent [1] - The board approved the use of part of the idle raised funds for cash management and temporary replenishment of working capital, also with unanimous consent [2] - The board approved the profit distribution plan for the first half of 2025, again with unanimous consent [2][5] Group 2: Risk Assessment and Credit Facilities - The board reviewed and approved the risk assessment report for financial business conducted with China Electric Power Finance Co., Ltd., with specific directors abstaining from voting [3][4] - The company is authorized to apply for a comprehensive credit limit not exceeding RMB 31 billion from various banks, with specific allocations detailed for each bank [4] Group 3: Operational and Management Reports - The board approved the half-year report and summary for 2025, confirming the accuracy and completeness of the financial report [5] - The board approved the half-year evaluation report of the "Quality Improvement and Efficiency Enhancement" action plan for 2025 [5] - The board approved the revision of the "Company Authorization Management Measures" [5]

Fundraising Overview - The company raised a total of RMB 6,103,279,992.42 through a non-public offering of 381,693,558 shares at a price of RMB 15.99 per share, with a net amount of RMB 6,020,040,632.51 after deducting issuance costs [1] - As of June 30, 2025, the cumulative use of raised funds amounted to RMB 4,808,765,200, with RMB 4,512,690 allocated in the 2025 fiscal year [1] - The remaining balance of unused funds is RMB 1,550,849,557.38, which includes interest income of RMB 352,225,400 [1] Fund Management - The company has established a fundraising management method in compliance with relevant laws and regulations to ensure proper management and usage of the funds [1] - The company signed tripartite supervision agreements with banks and independent financial advisors to manage the funds securely [1] Fund Usage - The company has not used idle funds to temporarily supplement working capital during the reporting period [2] - The company has approved the use of up to RMB 1,431,000,000 of temporarily idle funds for cash management, with a rolling usage within a 12-month period [2] - As of June 30, 2025, the company maintained a balance of RMB 1,431,000,000 in structured deposits [2] Investment Projects - The company has not reported any early investments or replacements for fundraising projects during the reporting period [2] - There are no instances of using excess funds for ongoing or new projects, including asset acquisitions [5] Financial Products - The company has engaged in cash management through structured deposits, which are considered low-risk and provide liquidity [5] - The total income from financial products that have matured is RMB 20,858,500, with no overdue or restricted funds reported [5]

Core Viewpoint - The company has actively responded to the Shanghai Stock Exchange's initiative for quality improvement and return enhancement, implementing a comprehensive action plan for 2025 that focuses on operational efficiency and investor returns [1] Group 1: Operational Quality Improvement - The company signed new contracts worth 35.432 billion yuan, a year-on-year increase of 23.46%, and achieved a basic earnings per share of 0.37 yuan [1] - Main business revenue in the power grid sector reached 13.070 billion yuan, up 15.56% year-on-year, while revenue from non-power grid sectors was 11.141 billion yuan, increasing by 24.72% [1] - Major projects have been successfully commissioned, including the Ningxia-Hunan ultra-high voltage project and various renewable energy projects [1] Group 2: Mechanism Reform and Internal Growth - The company has established cross-functional teams and research groups to enhance technological capabilities and market expansion in the energy sector [2] - A comprehensive evaluation mechanism for research activities has been implemented to identify valuable projects and improve research output [2] - The company has improved its organizational structure, moving from an administrative to a value-driven model, resulting in a rise in its ranking as a "model for scientific reform" [2] Group 3: Efficiency and Management - The company has made significant progress in talent acquisition, adding 1 national-level and 19 provincial-level talents, enhancing its workforce structure [3] - Non-production expenses have been strictly controlled, leading to a 0.6 percentage point improvement in the ratio of sales, management, and financial expenses to revenue [3] - The company has strengthened safety and risk management, with no significant safety incidents reported in the first half of the year [4] Group 4: Technological and Industrial Innovation - The company has engaged in significant technological projects, including offshore wind power and carbon accounting, and has achieved breakthroughs in various advanced technologies [4][5] - New products and platforms have been developed, enhancing the company's market presence in both power grid and non-power grid sectors [5] Group 5: Corporate Governance - The company has optimized its governance mechanisms, holding multiple board meetings and successfully completing the board and supervisory committee restructuring [6] - An ESG management system has been established, with the company receiving a "five-star" rating for its ESG report [7] Group 6: Investor Returns - The company plans to distribute a cash dividend of 0.57 yuan per share for the 2024 fiscal year, totaling 4.562 billion yuan, with a dividend payout ratio of approximately 39.79% for the mid-2025 dividend plan [8] - A share repurchase plan has been initiated, with a target of repurchasing between 500 million and 1 billion yuan worth of shares [8] Group 7: Investor Communication - The company has enhanced its information disclosure practices, ensuring compliance and improving the readability of reports [9] - A multi-channel communication network has been established to engage with investors, conducting 46 investor interactions in the first half of the year [9]

Core Viewpoint - The report evaluates the financial operations and risk management of China Electric Power Finance Co., Ltd. (China Electric Finance), highlighting its compliance with regulations and effective internal controls [1][5]. Group 1: Company Overview - China Electric Finance is a non-bank financial institution approved by the People's Bank of China, with a registered capital of 28 billion yuan, controlled by State Grid Corporation of China [1]. - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring clear responsibilities in risk management [1]. Group 2: Risk Management - China Electric Finance identifies and assesses risks based on the likelihood of occurrence and impact, focusing on liquidity, credit, operational, market, and cybersecurity risks [2]. - The company has established a comprehensive risk control system, including asset-liability management, credit risk assessment, and emergency liquidity management [2][4]. Group 3: Financial Performance - As of June 30, 2025, China Electric Finance reported total assets of 269.48 billion yuan and net assets of 50.54 billion yuan, with a revenue of 2.57 billion yuan and a net profit of 1.43 billion yuan for the first half of 2025 [5]. - The company adheres to legal and regulatory requirements, ensuring compliance with financial management standards [5]. Group 4: Loan and Deposit Situation - As of June 30, 2025, the company had a deposit balance of 1.973 billion yuan with China Electric Finance, accounting for 30.66% of its total deposits [6]. - The company has no outstanding loans with China Electric Finance but has a loan balance of 641 million yuan with other banks [6]. Group 5: Risk Assessment Opinion - The company concludes that China Electric Finance possesses valid financial licenses and has established a robust internal control system, effectively managing risks and complying with regulatory requirements [6].

Core Viewpoint - The report highlights the financial performance and strategic initiatives of NARI Technology Co., Ltd. for the first half of 2025, showcasing significant revenue growth and a focus on innovation in the energy and industrial control sectors [1][3]. Financial Performance - The company's consolidated net profit attributable to shareholders for the first half of 2025 was approximately RMB 2.95 billion, with an undistributed profit of about RMB 31.51 billion as of June 30, 2025 [1]. - Total revenue for the first half of 2025 reached approximately RMB 24.24 billion, representing a year-on-year increase of 19.54% [3]. - The total profit for the period was approximately RMB 3.55 billion, an increase of 8.08% compared to the previous year [3]. - The basic earnings per share increased by 9.26% to RMB 0.37 [4]. Business Overview - NARI Technology is a leading enterprise in the energy and industrial control sectors, focusing on intelligent energy solutions and automation technologies [5][6]. - The company provides a wide range of products and solutions across various industries, including energy, municipal utilities, and environmental protection, serving over 100 countries [5][6]. Strategic Initiatives - The company is committed to advancing its technological capabilities, focusing on areas such as smart grids, digital transformation, and low-carbon energy solutions [5][10]. - NARI Technology aims to enhance its core competitiveness by integrating cutting-edge technologies like artificial intelligence, edge computing, and digital twins into its operations [5][8]. - The company has established a comprehensive industrial layout, emphasizing the development of four major industry clusters: smart grid, energy internet, industrial internet, and low-carbon energy [5][10]. Market Expansion - In the first half of 2025, NARI Technology signed contracts worth approximately RMB 35.43 billion, marking a year-on-year increase of 23.46% [19]. - The company has successfully expanded its international business, with significant growth in markets such as Saudi Arabia and South America, and has secured contracts for major projects [19].

公司代码：600406 公司简称：国电南瑞 国电南瑞科技股份有限公司 第一节 重要提示 展规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 根据2025年8月28日披露的2025年半年度报告（财务报告未经审计），公司2025年1-6月合并 报表归属于上市公司股东的净利润为人民币2,952,191,275.23元，截至2025年6月30日合并报表中期 末 未 分 配 利 润 为 人 民 币 31,509,731,344.65 元 ， 母 公 司 报 表 中 期 末 未 分 配 利 润 为 人 民 币 截至报告期末股东总数（户） 100,428 | | | | | 持有有限 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东性 | | 持股比 | 持股 | | | | 质押、标记或冻结 | | | 股东名称 | | | | 售条件的 | | | | | | 质 | | 例(%) | 数量 | | | 的股份数量 | | ...

一、2025年半年度利润分配方案 证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-049 国电南瑞科技股份有限公司 关于 2025 年半年度利润分配方案的公告 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： ? 每股分配比例：每股拟派发现金股利 0.147 元（含税）。 ? 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专 用证券账户持有的股票数量为基数，具体日期将在权益分派实施公告中明确。在 实施权益分派的股权登记日前可参与利润分配股份数量发生变动的，拟维持每股 分配比例不变，相应调整分配总额，并将在相关公告中披露。 特此公告。 国电南瑞科技股份有限公司董事会 根据2025年8月28日披露的2025年半年度报告（财务报告未经审计），国电 南瑞科技股份有限公司（以下简称"国电南瑞"、"公司"）2025年1-6月合并 报表归属于上市公司股东的净利润为人民币2,952,191,275.23元，截至2025年6 月30日合并报表中期末未分配利润为人民币31,509,731,34 ...

证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-050 经国电南瑞科技股份有限公司（以下简称"国电南瑞"、"公司"）监事会 于 2025 年 8 月 15 日以会议通知召集，公司第九届监事会第三次会议于 2025 年 席战广生先生主持。会议符合《公司法》和《公司章程》的有关规定，会议合法 有效。经会议审议，形成如下决议： 一、会议以 3 票同意，0 票反对，0 票弃权，审议通过关于 2025 年半年度募 集资金存放与使用情况专项报告的议案。 二、会议以 3 票同意，0 票反对，0 票弃权，审议通过关于使用部分闲置募 集资金进行现金管理及暂时补充流动资金的议案。 监事会根据募集资金相关规定，发表意见如下： 国电南瑞科技股份有限公司 第九届监事会第三次会议决议公告 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个别及连带责任。 五、会议以 3 票同意，0 票反对，0 票弃权，审议通过关于 2025 年半年度报 告及摘要的议案。 监事会根据半年度报告相关规定，审核意见如下： 规定的要求； 半年度的经营管理和财务状况等事项； ...

证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-047 国电南瑞科技股份有限公司 关于 2025 年半年度募集资金存放与使用情况的专项报告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准国电南瑞科技股份有限公司向南瑞集 团有限公司等发行股份购买资产并募集配套资金的批复》（证监许可[2017]2224 号）核准，国电南瑞科技股份有限公司（以下简称"国电南瑞"、"公司"）以 非公开发行股份方式向 7 名特定投资者发行了人民币普通股 381,693,558 股，发 行价格为 15.99 元/股，本次发行募集资金总额为 6,103,279,992.42 元，扣除各 项发行费用 83,239,359.91 元，实际募集资金净额为 6,020,040,632.51 元。上 述募集资金已于 2018 年 4 月 8 日全部到位。经立信会计师事务所（特殊普通合 伙）对认购资金实收情况进行了审验，并出具了《验资报告》（信会师报字[2018] 第 ZB22786 ...

国电南瑞科技股份有限公司 证券代码：600406 证券简称：国电南瑞 公告编号：临 2025-048 关于使用部分闲置募集资金进行现金管理及暂时补充流动 资金的公告 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： 现金管理基本情况 | 投资金额 | 150,000 | 万元 | | --- | --- | --- | | 投资种类 | | 安全性高、满足保本要求、流动性好、产品期限不超 | | | 过 12 | 个月的金融机构结构性存款 | | 资金来源 | 募集资金 | | 国电南瑞科技股份有限公司（以下简称"国电南瑞"、"公司"）及募投项 目实施子公司将使用额度不超过人民币 15.00 亿元（含 15.00 亿元）的暂时闲置 募集资金进行现金管理，额度的有效期为自本次董事会审议通过之日起不超过 12 个月且在该额度内可滚动使用。 暂时补充流动资金金额：公司募投项目实施子公司将使用不超过人民币 2.50 亿元（含 2.50 亿元）闲置募集资金暂时补充流动资金（即在上述结构性存 款到期收回后，使用部分资金 ...