| 证券代码：600406 | 证券简称：国电南瑞 公告编号：临2023-013 | | --- | --- | | 债券代码：163577 | 债券简称：20 南瑞 01 | 国电南瑞科技股份有限公司 关于召开 2022 年度暨 2023 年第一季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： 2023 年 05 月 05 日(星期五) 下午 14:00-15:30 网 络 直 播 地 址 ： 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：现场交流、视频直播和网络文字互动 投资者可于 2023 年 04 月 25 日(星期二) 至 05 月 04 日(星期四)16:00 前登 录上海证券交易所上证路演中心网站首页点击"提问预征集"栏目，或通过公告 中的联系电话、传真和电子邮箱联系公司，提出所关注的问题。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 ...

Financial Performance - The company reported a half-year revenue of 400 million CNY, reflecting a year-on-year increase of 5%[8]. - The net profit for the first half of 2022 was 50 million CNY, representing a growth of 10% compared to the same period last year[8]. - The company's operating revenue for the first half of 2022 was ¥16,322,522,234.38, representing a 10.26% increase compared to ¥14,803,960,398.63 in the same period last year[13]. - The net profit attributable to shareholders for the first half of 2022 was ¥2,110,386,857.08, up 14.46% from ¥1,843,741,793.33 year-on-year[13]. - The net cash flow from operating activities was ¥574,356,490.49, a significant recovery from a negative cash flow of -¥1,604,400,159.15 in the previous year[13]. - The company reported a basic earnings per share of ¥0.32 for the first half of 2022, an increase of 13.71% compared to ¥0.28 in the same period last year[14]. - The company achieved operating revenue of 16.323 billion yuan, a year-on-year increase of 10.26%[36]. - The net profit attributable to shareholders reached 2.11 billion yuan, reflecting a year-on-year growth of 14.46%[36]. - The company reported a total profit of ¥2,692,298,585.41 for the first half of 2022, compared to ¥2,306,251,734.85 in the previous year, reflecting a growth of 16.7%[125]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2025[8]. - The company is focusing on the development of new energy systems and has increased investment in major technological breakthroughs to support the construction of a new power system[18]. - The company is actively transforming its business model to include engineering general contracting, operation and maintenance services, and equipment leasing to cultivate new profit growth points[28]. - The company plans to enhance market expansion efforts, focusing on customer value creation and increasing market scale in the second half of the year[41]. - The company is actively involved in 3 key provincial-level projects related to blockchain technology for the unified electricity market[36]. Research and Development - The company has allocated 100 million CNY for research and development in innovative technologies for the upcoming fiscal year[8]. - Research and development expenses rose by 11.17% to approximately ¥965.57 million, compared to ¥868.53 million in the previous year[43]. - The company has established laboratories focusing on information security, wireless communication, and quantum communication, playing a crucial role in the digital transformation of the energy sector[25]. - The company has achieved significant research breakthroughs and holds numerous core technologies and intellectual property rights in the field of power system automation[19]. - The company is committed to protecting its intellectual property rights through various legal measures and proactive patent management[65]. Financial Stability and Investments - The company maintains a strong cash position with 200 million CNY in liquid assets, ensuring financial stability for future investments[8]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance its technology offerings[8]. - The company reported a significant reduction in trading financial assets, totaling ¥601,897,780.82, down 55.06% year-on-year, mainly due to a decrease in structured deposits held[48]. - The company’s total liabilities decreased to ¥16,793,072,851.51 from ¥18,751,669,263.17, a reduction of approximately 10.4%[123]. - The company’s total bond balance is 1 billion RMB with an interest rate of 2.58%[113]. Operational Efficiency - The management highlighted a 30% increase in user data analytics capabilities, enhancing customer engagement and service delivery[8]. - The company is committed to improving operational management and cost control to promote high-quality development[41]. - The company increased its accounts receivable turnover rate and inventory turnover rate by 0.02 times and 0.11 times, respectively[40]. - Operating costs increased to approximately ¥11.86 billion, up 10.28% from ¥10.75 billion in the same period last year[42]. Corporate Governance and Compliance - The company has committed to minimizing related party transactions post-transaction completion, except for those necessary for the operation of the domestic power grid[78]. - The company will ensure complete separation in personnel, assets, business, organization, and finance from its controlling entities to protect shareholder interests[80]. - The company has a long-term commitment to comply with regulations regarding related party transactions[82]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[84]. Subsidiary Performance - The net profit of Nanjing Nari Smart Electric Co., Ltd. reached CNY 464,658,600.14, contributing significantly to the overall profit of the company[58]. - Nanjing Nari Information Communication Technology Co., Ltd. reported a net profit of CNY 304,252,742.14, indicating strong performance in power production management and related services[59]. - The total assets of Nanjing Nari Electric Protection Co., Ltd. amounted to CNY 9,746,253,370.02, showcasing its substantial market presence[58]. - The company’s subsidiary, Nanjing Nari Water Conservancy and Hydropower Technology Co., Ltd., reported a net profit of CNY 53,563,358.72, contributing to the overall financial health[59]. Shareholder Information - The largest shareholder, NARI Group, holds 3,446,303,505 shares, representing 51.48% of total shares[102]. - The total number of shares held by the top ten shareholders is 4,052,000,000, accounting for a significant portion of the company's equity[103]. - The company has a total of 13,324,927 restricted shares from the 2018 incentive plan, which will become tradable after 48 months from the grant date[106]. - The company’s total outstanding shares before the changes were 5,545,436,888 shares, with 99.39% being unrestricted shares[97]. Environmental and Social Responsibility - The company invested 1.3451 million yuan in environmental protection measures during the first half of 2022[72]. - The company provided 1 million yuan in support for poverty alleviation efforts in Jiangsu Province in 2022[76]. - The company is actively promoting rural electrification projects in Shandong and Anhui to improve energy efficiency and economic benefits for farmers[77]. Risk Management - Risks identified include potential regulatory changes that could impact operations, with a focus on compliance strategies to mitigate these risks[3]. - The company is expanding its overseas business while implementing risk management strategies to mitigate international operational risks[66].

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,754,792,012.74, representing a year-on-year increase of 16.95%[2] - The net profit attributable to shareholders for Q1 2022 was ¥379,084,849.02, showing an impressive growth of 88.37% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥359,290,152.70, which is an increase of 107.80% year-on-year[2] - The basic earnings per share for Q1 2022 was ¥0.07, reflecting an increase of 87.98% compared to the previous year[3] - The diluted earnings per share for Q1 2022 was also ¥0.07, with an increase of 88.10% year-on-year[3] - The weighted average return on equity for Q1 2022 was 0.93%, an increase of 0.34 percentage points compared to the previous year[3] - Operating profit for Q1 2022 was ¥485,195,296.20, up 91.3% from ¥253,442,845.49 in Q1 2021[18] - Total comprehensive income for Q1 2022 was ¥390,447,019.66, compared to ¥218,614,034.54 in Q1 2021, reflecting a significant increase[19] - Basic and diluted earnings per share for Q1 2022 were both ¥0.07, up from ¥0.04 in Q1 2021[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥69,951,516,336.03, a decrease of 3.82% from the end of the previous year[3] - As of March 31, 2022, the company's total assets amounted to ¥69,951,516,336.03, a decrease from ¥72,732,951,414.38 at the end of 2021, reflecting a decline of approximately 3.9%[12][15] - The company's cash and cash equivalents decreased to ¥11,049,724,297.39 from ¥12,508,960,927.62, representing a decline of about 11.6% year-over-year[12] - Accounts receivable stood at ¥19,643,196,938.94, down from ¥20,099,060,883.41, indicating a decrease of approximately 2.3%[12] - Inventory increased significantly to ¥9,142,558,567.25 from ¥7,867,811,299.45, marking an increase of around 16.2%[12] - Total current liabilities decreased to ¥27,181,496,158.97 from ¥30,480,851,316.59, a reduction of about 10.4%[14] - The company's total equity rose to ¥41,056,482,644.18 from ¥40,542,444,870.72, reflecting an increase of approximately 1.3%[15] - The company's retained earnings reached ¥22,336,342,034.21, up from ¥21,957,257,185.19, indicating an increase of approximately 1.7%[15] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥1,385,072,391.32, indicating a significant cash outflow[2] - Cash flow from operating activities showed a net outflow of ¥1,385,072,391.32, compared to a net outflow of ¥1,163,216,437.86 in Q1 2021[20] - The net cash flow from investing activities was $295,360,069.74, a significant improvement from a net outflow of $172,546,385.31 in the previous year[21] - Total cash inflow from financing activities was $713,524,104.00, compared to $5,000,000.00 in the same quarter last year[21] - The net cash flow from financing activities showed a decrease of $364,085,450.72, improving from a larger outflow of $1,169,775,237.97 in the previous year[21] - The ending balance of cash and cash equivalents was $10,915,254,136.88, up from $9,347,139,689.44 year-over-year[22] - Cash inflow from investment activities totaled $1,341,461,884.32, slightly higher than $1,304,219,375.08 in the previous year[21] - Cash outflow for the acquisition of fixed assets was $401,101,814.58, significantly lower than $969,765,760.39 in the same quarter last year[21] - The company reported a total cash outflow from financing activities of $1,077,609,554.72, down from $1,174,775,237.97 in the previous year[21] Research and Development - Research and development expenses increased to ¥466,426,264.56, up 8.0% from ¥431,876,518.05 in Q1 2021[17] Stock Incentive Plan - The number of shares released from the 2018 stock incentive plan was 11,192,011 shares, benefiting 962 eligible participants[11] - The company repurchased and canceled 252,949 shares from 16 individuals who did not meet the criteria of the stock incentive plan[11] Other Income and Expenses - Other income for Q1 2022 amounted to ¥101,724,052.68, compared to ¥92,351,628.11 in Q1 2021[17] - The company reported a decrease in tax and additional charges to ¥29,733,287.31 from ¥30,336,854.16 in Q1 2021[17] - Total operating costs for Q1 2022 were ¥5,474,163,553.82, an increase of 12.2% from ¥4,878,570,445.83 in Q1 2021[17] - The growth in net profit is primarily attributed to the increase in the company's grid automation and industrial control, as well as power automation information communication business[7]

Financial Performance - The company's operating revenue for 2021 was approximately ¥42.41 billion, an increase of 10.15% compared to ¥38.50 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥5.64 billion, reflecting a growth of 16.30% from ¥4.85 billion in 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥5.53 billion, up 19.25% from ¥4.64 billion in 2020[24]. - The total assets at the end of 2021 reached approximately ¥72.73 billion, a 10.26% increase from ¥65.96 billion at the end of 2020[25]. - The company's net asset attributable to shareholders was approximately ¥38.00 billion, an increase of 11.28% from ¥34.15 billion at the end of 2020[24]. - Basic earnings per share for 2021 were ¥1.02, a rise of 16.14% compared to ¥0.88 in 2020[26]. - The diluted earnings per share also stood at ¥1.02, reflecting a 15.97% increase from the previous year[26]. - The weighted average return on equity for 2021 was 15.70%, an increase of 0.64 percentage points from 15.06% in 2020[26]. - The company generated approximately ¥4.67 billion in cash from operating activities, a decrease of 17.11% from ¥5.64 billion in 2020[24]. - The total share capital at the end of 2021 was approximately ¥5.55 billion, a 19.99% increase from ¥4.62 billion at the end of 2020[25]. Dividend Distribution - The proposed cash dividend is ¥4.1 per 10 shares (including tax), resulting in a total cash dividend distribution of ¥2,287,332,205.99, which represents a cash dividend payout ratio of 40.54%[6]. - Cumulative cash dividends since the company's listing reached 9.346 billion yuan, with an average annual dividend rate of 36.68%[40]. - The company distributed cash dividends of 1,941,027,390.54 yuan, accounting for 40.01% of the net profit attributable to shareholders for the year 2020[183]. - The company plans to issue 2 additional shares for every 10 shares held as part of its profit distribution plan, increasing the total shares to 5,545,792,545[183]. Research and Development - Research and development investment totaled RMB 3.089 billion, accounting for 7.28% of revenue, which is an increase of 0.73 percentage points year-on-year[35]. - The number of R&D personnel was 3,249, accounting for 34.02% of the total workforce[86]. - The company is committed to technological innovation, with many of its core technologies achieving international leading levels and contributing to national-level technology projects[65]. - The company is focusing on new energy systems, emphasizing safety and stability control, electrification of end consumption, and digital transformation[48]. - The company is committed to investing in new technologies to drive future growth and innovation[146]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[150]. - The company plans to enter two new international markets in the upcoming year[151]. - The company is actively pursuing mergers and acquisitions to enhance its market position and operational capabilities[146]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[146]. - The company aims to improve operational efficiency by 10% through digital transformation initiatives[150]. Risk Management - The company faces risks including industry policy risk, talent risk, product technology innovation risk, intellectual property protection risk, and overseas operation risk[9]. - The company recognizes the risks associated with industry policies, particularly those affecting the electricity sector, which could impact market demand and investment structures[120]. - The company emphasizes the importance of quality management and risk monitoring to improve operational efficiency and effectiveness[119]. - The company faces overseas operational risks due to international political situations and has implemented measures to ensure safe and stable international business development[127]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal regulations and corporate governance standards[134]. - The supervisory board is composed of 6 members, including 2 employee representatives, fulfilling its duties in accordance with the company's articles of association and relevant laws[135]. - The company has established a transparent performance evaluation system for senior management, linking their compensation to the company's operational performance[136]. - The company emphasizes the protection of stakeholders' rights, balancing the interests of shareholders, creditors, employees, customers, suppliers, and society[137]. - The company adheres to strict information disclosure obligations, completing 4 periodic reports and 69 temporary announcements during the reporting period, receiving an A-level rating for disclosure quality[140]. Environmental and Social Responsibility - The company invested 13.5876 million yuan in environmental protection in 2021[195]. - The company has obtained certifications for environmental management systems and energy management systems, maintaining the validity of these certifications through annual third-party audits[195]. - The company actively promotes the "carbon peak and carbon neutrality" goals, enhancing technological innovation and applying carbon management systems in local power grids[198]. - The company donated 1 million yuan to support poverty alleviation efforts in Suhe Village, ensuring no return to poverty for 148 low-income households[200]. - The company conducted energy efficiency report interpretation services for farmers in Shouguang, Shandong, as part of its rural revitalization efforts[200].

Financial Performance - The company's operating revenue for 2020 was ¥38.50 billion, an increase of 18.75% compared to ¥32.42 billion in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥4.85 billion, reflecting an 11.71% increase from ¥4.34 billion in 2019[15]. - The net cash flow from operating activities reached ¥5.64 billion, up by 20.30% from ¥4.68 billion in the previous year[15]. - The total assets at the end of 2020 amounted to ¥65.96 billion, a 14.87% increase from ¥57.42 billion at the end of 2019[15]. - The company's net assets attributable to shareholders were ¥34.15 billion, which is an increase of 11.87% compared to ¥30.52 billion in 2019[15]. - Basic earnings per share for 2020 were ¥1.06, an increase of 11.82% from ¥0.94 in 2019[17]. - The weighted average return on equity for 2020 was 15.06%, up by 0.24 percentage points from 14.82% in 2019[17]. - The company reported a diluted earnings per share of ¥1.06 for 2020, reflecting an increase of 11.73% from ¥0.94 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥4.64 billion, an increase of 11.75% from ¥4.15 billion in 2019[15]. - The total revenue for the company in the electric power industry was ¥30,854,563,294.86, reflecting a year-on-year growth of 22.98%[54]. Dividend Distribution - The proposed cash dividend is CNY 4.2 per 10 shares (including tax), resulting in a total cash dividend of CNY 1,941,027,390.54, representing a cash dividend ratio of 40.01%[5]. - The company plans to maintain the distribution ratio and conversion ratio unchanged, adjusting the total distribution amount and conversion share capital accordingly if there are changes in total share capital before the distribution date[5]. - The company distributed a cash dividend of 2.9 RMB per 10 shares in 2019, totaling 1,340,362,837.22 RMB, which represents 30.86% of the net profit attributable to shareholders[94]. - In 2020, the cash dividend increased to 4.2 RMB per 10 shares, amounting to 1,941,027,390.54 RMB, accounting for 40.01% of the net profit attributable to shareholders[96]. Research and Development - Research and development expenses amounted to 2.51 billion RMB, accounting for 6.55% of the annual revenue[47]. - The company employed 2,973 R&D personnel, accounting for 33.76% of the total workforce[61]. - The company has established a high-quality R&D team and is focusing on attracting and training high-end talent to support business expansion and innovation[88]. - The company is committed to research and development, as indicated by the qualifications of its executives in engineering and technology[160]. - The company has allocated 200 million RMB for research and development in new technologies, aiming to improve operational efficiency[132]. Risk Management - The company has identified risks including industry policy risk, talent risk, product technology innovation risk, intellectual property protection risk, and overseas operation risk[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company is enhancing its overseas operations management to mitigate risks associated with international business expansion, including political and cultural differences[91]. - The company has a robust compliance system in place to manage risks associated with overseas operations and currency fluctuations[92]. Market Expansion and Strategy - The company is focused on expanding its business in energy automation and industrial control, leveraging technologies such as big data, cloud computing, and AI[24]. - The company aims to enhance its market position by integrating automation technologies into rail transit and industrial control sectors, with products deployed in major cities[28]. - The company is actively pursuing new business opportunities in emerging sectors such as smart water management and offshore wind power[84]. - The company plans to continue investing in R&D to support the transition to a low-carbon energy system, in line with the "carbon peak and carbon neutrality" goals[26]. - The company is targeting a sales volume of approximately 7 million new energy vehicles by 2025, which would account for about 20% of total new car sales[82]. Corporate Governance - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[3]. - The company has a dedicated investor relations management system, utilizing multiple channels for communication with investors[188]. - The company has implemented a strict insider information management system to maintain the confidentiality of sensitive information[190]. - The company has maintained a clear separation from its controlling shareholder in terms of personnel, assets, and financial operations[183]. - The company has established a performance evaluation mechanism for senior management, determining bonuses based on the completion of annual work goals and operational plans[196]. Employee Management - The company has a workforce of 8,806 employees, with 85.06% holding a bachelor's degree or higher, and 41.09% holding a master's degree or above, ensuring a strong talent pool[40]. - The company has established a corporate annuity plan and supplementary medical insurance plan to incentivize and support employees[178]. - The company employs a performance-oriented salary distribution system, linking compensation to job performance and responsibilities[178]. - The company is committed to improving employee compensation and benefits to retain talent and support sustainable development[88]. Compliance and Audit - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[4]. - The internal control audit report was issued by Xinyong Zhonghe Accounting Firm, providing a standard unqualified opinion on the company's internal control situation for the year 2020[198]. - The company has not reported any significant issues regarding the suspension or termination of its listing status[106]. - The company has not encountered any issues related to the occupation of funds or overdue receivables during the reporting period[103]. Environmental and Social Responsibility - The company has committed to social responsibility initiatives, as detailed in its 2020 social responsibility report[134]. - The company has maintained compliance with ISO14001 environmental management standards and successfully passed annual third-party audits[135]. - The company upgraded its environmental protection facilities and conducted air, wastewater, and noise testing, all meeting national standards[135]. - The company is focused on maintaining a strong governance structure with independent directors and supervisors in place[158].