证券代码：600517 证券简称：国网英大 公告编号：临2025-021号 每股分配比例 A 股每股现金红利0.051元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/26 | － | 2025/6/27 | 2025/6/27 | 国网英大股份有限公司 2024年度末期权益分派实施公告 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法律责任。 重要内容提示： 差异化分红送转： 否 | | | | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/26 | － | 2025/6/27 | 2025/6/27 | 四、 分配实施办法 1. 实施办法 1 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东会审议通过。 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Guo Wang Ying Da, noting its current stock price, market capitalization, and earnings metrics [1][2] - As of June 18, the stock price of Guo Wang Ying Da closed at 5.0 yuan, with a decline of 1.19%, resulting in a rolling price-to-earnings (PE) ratio of 16.22 times and a total market value of 28.592 billion yuan [1] - The company ranks 8th in the diversified financial industry, which has an average PE ratio of 64.02 times and a median of 28.42 times [1][2] Group 2 - The latest quarterly report for Q1 2025 shows that Guo Wang Ying Da achieved an operating revenue of 2.218 billion yuan, representing a year-on-year increase of 8.65%, and a net profit of 604 million yuan, reflecting a year-on-year growth of 45.22% [1] - The sales gross margin for the company stands at 13.45% [1] - As of May 9, 2025, the number of shareholders for Guo Wang Ying Da is 62,663, a decrease of 367 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1]

证券代码：600517 证券简称：国网英大 公告编号：临 2025-020 号 国网英大股份有限公司 关于国有股份无偿划转完成的公告 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法律责任。 一、本次无偿划转的基本情况 国网电力科学研究院有限公司（以下简称"国网电科院"）与南瑞集团有限 公司（以下简称"南瑞集团"）于 2025 年 4 月 10 日签署了《国网电力科学研究 院有限公司与南瑞集团有限公司之间的股份无偿划转协议书》（以下简称《无偿 划转协议》），国网电科院拟将其持有的国网英大股份有限公司（以下简称"公 司"）无限售条件流通股股份 428,138,981 股（占公司总股本 7.49%）无偿划转 至南瑞集团。本次无偿划转完成后，南瑞集团将直接持有公司 428,138,981 股（占 公司总股本 7.49%），国网电科院将不再持有公司股份。 公司于 2025 年 4 月 12 日披露了《国网英大股份有限公司关于国有股份无偿 划转的提示性公告》（公告编号：临 2025-003）。 二、本次无偿划转的进展情况 2025 年 6 月 1 ...

Company Overview - State Grid Yingda closed at 4.95 yuan, up 1.02%, with a rolling PE ratio of 16.06, marking a new low in 15 days, and a total market capitalization of 28.306 billion yuan [1] - The company ranks 8th in the public utility sector, which has an average PE ratio of 26.39 and a median of 27.66 [1] Shareholder Information - As of May 9, 2025, State Grid Yingda had 62,663 shareholders, a decrease of 367 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Business Operations - State Grid Yingda primarily engages in a dual business model of "finance + manufacturing," covering areas such as trust, securities, futures, factoring, carbon assets, and power equipment [1] Financial Performance - In the first quarter of 2025, the company reported revenue of 2.218 billion yuan, a year-on-year increase of 8.65%, and a net profit of 604 million yuan, reflecting a year-on-year growth of 45.22%, with a gross profit margin of 13.45% [1]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][9]. Core Insights - The company, a subsidiary of the State Grid, is driven by a dual business model of "finance + manufacturing," positioning it to benefit from accelerated investments in the power grid [1][4]. - The carbon asset management business is expected to see sustained high growth due to the establishment of a carbon market framework and increasing trading volumes [2][36]. - The electrical manufacturing segment is poised to benefit from rising investments in distribution networks, with the company being a leader in amorphous transformers [3][46]. Summary by Sections Company Overview - The company is a subsidiary of the State Grid Corporation and has diversified into financial services through significant asset restructuring completed in 2020, which included trust, securities, and futures businesses [1][14]. - In 2024, the company reported total revenue of 11.288 billion yuan, a year-on-year increase of 3.60%, and a net profit attributable to shareholders of 1.574 billion yuan, up 15.39% [1][24]. Carbon Asset Management - The carbon asset management business has shown promising growth, with revenue reaching 0.70 billion yuan in 2024, a 13.39% increase year-on-year, and net profit of 0.10 billion yuan, up 14.51% [2][40]. - The company is the only specialized carbon asset management firm within the State Grid system, focusing on carbon trading and management services [2][40]. Electrical Manufacturing - The company’s subsidiary, ZhiXin Electric, is a leader in amorphous alloy transformers, which are expected to benefit from increasing demand due to their energy efficiency advantages [3][46]. - From 2020 to 2024, ZhiXin Electric's revenue grew from 5.001 billion yuan to 7.375 billion yuan, with a compound annual growth rate (CAGR) of 10%, and net profit increased from 0.16 billion yuan to 1.49 billion yuan, with a CAGR of 75% [3][24]. Financial Forecast and Valuation - The company is projected to achieve revenues of 12.487 billion yuan, 13.908 billion yuan, and 15.578 billion yuan from 2025 to 2027, with year-on-year growth rates of 11%, 11%, and 12% respectively [4][8]. - Net profit is expected to be 1.731 billion yuan, 1.850 billion yuan, and 1.961 billion yuan for the same period, with growth rates of 10%, 7%, and 6% respectively [4][8].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][9]. Core Views - The company, a subsidiary of the State Grid, is driven by a dual business model of "finance + manufacturing," which positions it to benefit from accelerated investments in the power grid [1][4]. - The carbon asset management business is expected to continue its high growth due to the establishment of a carbon market framework and increasing trading volumes [2][38]. - The electrical manufacturing segment is poised to benefit from rising investments in distribution networks, particularly in amorphous transformers, which are more energy-efficient compared to traditional silicon steel transformers [3][46]. Summary by Sections Company Overview - The company is a subsidiary of the State Grid Corporation and has diversified into financial services through significant asset restructuring completed in 2020, which included trust, securities, and futures businesses [1][14]. - In 2024, the company reported total revenue of 11.288 billion yuan, a year-on-year increase of 3.60%, and a net profit attributable to shareholders of 1.574 billion yuan, up 15.39% [1][24]. Carbon Asset Management - The carbon asset management business has shown promising growth, with revenue reaching 0.70 billion yuan in 2024, reflecting a year-on-year increase of 13.39%, and net profit of 0.10 billion yuan, up 14.51% [2][40]. - The company is the only specialized carbon asset management firm within the State Grid system, focusing on carbon trading and management services [2][40]. Electrical Manufacturing - The company’s subsidiary, ZhiXin Electric, is a leader in the production of amorphous alloy transformers, which are expected to gain market share as distribution network investments increase [3][46]. - From 2020 to 2024, ZhiXin Electric's revenue grew from 5.001 billion yuan to 7.375 billion yuan, with a compound annual growth rate (CAGR) of 10%, and net profit increased from 0.16 billion yuan to 1.49 billion yuan, with a CAGR of 75% [3][24]. Financial Forecast and Valuation - The company is projected to achieve revenues of 12.487 billion yuan, 13.908 billion yuan, and 15.578 billion yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 11%, 11%, and 12% [4][8]. - The expected net profits for the same years are 1.731 billion yuan, 1.850 billion yuan, and 1.961 billion yuan, with growth rates of 10%, 7%, and 6% [4][8].

Company Overview - The company, State Grid Yingda, closed at 4.84 yuan, with an increase of 1.04%, resulting in a rolling price-to-earnings (PE) ratio of 15.71 times and a total market capitalization of 27.677 billion yuan [1] - The company operates in a dual business model of "finance + manufacturing," covering areas such as trust, securities, futures, factoring, carbon assets, and power equipment [1] Financial Performance - For the first quarter of 2025, the company reported operating revenue of 2.218 billion yuan, representing a year-on-year increase of 8.65% [1] - The net profit for the same period was 604 million yuan, showing a significant year-on-year growth of 45.22% [1] - The sales gross margin stood at 13.45% [1] Shareholder Information - As of May 9, 2025, the number of shareholders for State Grid Yingda was 62,663, a decrease of 367 from the previous count [1] - The average market value of shares held by each shareholder was 352,800 yuan, with an average holding of 27,600 shares [1] Industry Comparison - The average PE ratio for the diversified financial industry is 69.38 times, with a median of 27.79 times, placing State Grid Yingda in 8th position within the industry [2] - The company's static PE ratio is 17.58 times, and its price-to-book ratio is 1.25 [2]

Group 1 - The company held its first meeting of the ninth board of directors on May 16, 2025, where it elected Yang Dongwei as the chairman [1] - Yang Dongwei's term as chairman will last until the current board's term expires [1] - The company also elected members for various specialized committees of the board, including the nomination committee, audit and internal control compliance management committee, strategy and ESG committee, and remuneration and assessment committee [1] Group 2 - The list of conveners and members for the specialized committees was announced, with Guo Dongmei as the convener for the nomination committee [2] - Cheng Xiaoke serves as the convener for the audit and internal control compliance management committee, and is a professional accountant [2] - Yang Dongwei is the convener for the strategy and ESG committee, while Song Jie leads the remuneration and assessment committee [2]

Core Viewpoint - The company has appointed new senior management personnel and securities representatives, ensuring compliance with relevant regulations and qualifications [1][2]. Group 1: Senior Management Appointments - Qiao Fadong has been appointed as the General Manager of the company, with a term starting from the board meeting approval date until the end of the current board's term [1]. - Che Xuemei has been appointed as the Deputy General Manager and Chief Accountant, while Li Pingwen and Ni Bin have been appointed as Deputy General Managers [1]. - Zhang Lei has been appointed as the Secretary of the Board, with all appointments approved by the board and relevant committees [1][2]. Group 2: Qualifications of Senior Management - Qiao Fadong holds a doctoral degree and has extensive experience in various leadership roles within the company and its affiliates [2][3]. - Che Xuemei, with a senior economist title, has held significant positions in auditing and financial management within the State Grid Corporation [4]. - Li Pingwen, a senior accountant, has a strong background in power supply management and has served in various capacities within the State Grid [5]. - Ni Bin, a senior engineer, has experience in information management and has held leadership roles in technology companies related to the power sector [6]. - Zhang Lei, a senior economist, has a background in human resources and investor relations management within the company [6]. Group 3: Securities Representatives Appointments - Huang Huan and Wang Yu have been appointed as securities representatives, with their terms also starting from the board meeting approval date [1][2]. - Both representatives hold relevant qualifications and have experience in compliance and investor relations [7][8].

证券代码：600517 证券简称：国网英大 公告编号：临 2025-016 号 国网英大股份有限公司 关于选举职工董事的公告 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法律责任。 根据《公司法》等法律、行政法规和相关规范性文件以及《公司章程》的规 定，国网英大股份有限公司（以下简称"公司"）工会于近日召开会员大会，选 举周维丽女士担任公司第九届董事会职工董事。周维丽女士将与公司 2024 年年 度股东会选举产生的十名董事共同组成公司第九届董事会，自换届之日起任期三 年。 周维丽，女，1968 年出生，大学学历，高级政工师。历任华北电网有限公司 廊坊供电公司纪委书记、工会主席、党委书记，国网冀北电力有限公司廊坊供电 公司党委书记、副总经理，国网冀北电力有限公司物资分公司（国网冀北招标有 限公司）总经理、党委副书记（执行董事），国网物资有限公司党委委员、纪委 书记、工会主席等职。现任本公司职工董事、党委委员、纪委书记、工会主席， 国网英大国际控股集团有限公司职工董事、党委委员、纪委书记、工会主席。 截至目前，周维丽女士未持有公司股票，是 ...