证券代码：600517 证券简称：国网英大 公告编号：临 2023-021 号 国网英大股份有限公司 第八届董事会第八次会议决议公告 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、董事会会议召开情况 国网英大股份有限公司（以下简称"公司"）第八届董事会第八次会议于 2023 年 8 月 19 日以书面方式发出会议通知，会议于 2023 年 8 月 29 日在北京市东城 区建国门内大街乙 18 号英大国际大厦 1211 会议室以现场结合通讯表决方式召 开。会议应出席董事 10 名，实际出席董事 10 名（其中以通讯表决方式出席会议 的董事 4 名），会议由公司董事长杨东伟先生主持，公司监事列席会议。本次董 事会会议的召开符合《公司法》《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事审议，通过了以下议案： （一）《关于公司 2023 年半年度报告及摘要的议案》 表决结果：10 票同意，0 票反对，0 票弃权 具体内容详见公司于 2023 年 8 月 30 日 在 上 海 证 券 交 易 所 网 站 （http:/ ...

国网英大股份有限公司 合规管理办法 第一章 总则 第一条 为深入贯彻习近平法治思想，落实全面依法治国战略部署及法治央 企建设要求，全面加强国网英大股份有限公司（以下简称"公司"）合规管理， 健全公司合规管理体系，切实防控风险，保障公司持续规范发展，根据《中华人 民共和国公司法》《中华人民共和国证券法》等法律法规及《国网英大股份有限 公司章程》（以下简称"公司章程"）和规章制度，结合公司实际情况，制定本办 法。 第二条 本办法所称合规，是指公司经营管理行为和员工履职行为符合有关 法律法规、监管规定、行业准则和公司章程、规章制度以及国际条约、规则等要 求。 本办法所称合规风险，是指公司及其员工在经营管理过程中因违规行为引发 法律责任、造成经济或声誉损失以及其他负面影响的可能性。 （三）坚持权责清晰。按照"管业务必须管合规"要求，明确业务及职能部 门、合规管理部门和监督部门职责，严格落实员工合规责任，对违规行为严肃问 责。 本办法所称违规事件，是指在公司经营管理或员工履职过程中因违规行为引 发法律责任、造成经济或声誉损失以及其他负面影响的事件。 本办法所称合规管理，是指以倡导合规经营价值观为导向，以有效防控合规 风 ...

证券代码：600517 证券简称：国网英大 公告编号：临 2023-022 号 1.本次半年度报告的编制和审议程序符合法律、法规、《公司章程》和公司 各项管理制度的规定； 一、监事会会议召开情况 国网英大股份有限公司（以下简称"公司"）第八届监事会第五次会议于 2023 年 8 月 19 日以书面方式发出会议通知，会议于 2023 年 8 月 29 日在北京市东城 区建国门内大街乙 18 号英大国际大厦 1211 会议室以现场结合通讯表决方式召 开。会议应出席监事 5 名，实际出席监事 5 名（其中以通讯表决方式出席会议的 监事 2 名），会议由公司监事会主席孙红旗先生主持。本次监事会会议的召开符 合《公司法》《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事审议，通过了以下议案： （一）《关于公司 2023 年半年度报告及摘要的议案》 表决结果：5 票同意，0 票反对，0 票弃权 具体内容详见公司于 2023 年 8 月 30 日 在 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn）上网披露的《国网英大 2023 年半年度报告摘要》《国 网英大 2023 年半年度 ...

证券代码：600517 证券简称：国网英大 公告编号：临 2023-020 号 2023 年 8 月 24 日 国网英大股份有限公司 关于董事辞职的公告 1 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。 张贱明先生在担任公司董事期间勤勉尽责，为公司的规范运作和健康发展发 挥了重要作用，公司及董事会对张贱明先生表示衷心感谢！ 特此公告 国网英大股份有限公司董事会 国网英大股份有限公司（以下简称"公司"）董事会收到董事张贱明先生的 辞职报告。因工作变动原因，张贱明先生申请辞去公司第八届董事会董事、战略 与 ESG 委员会委员职务。截至本公告披露日，张贱明先生持有 80,000 股公司股 份。 根据《公司法》和《公司章程》的有关规定，张贱明先生的辞职报告自送达 董事会之日起生效。张贱明先生辞职不会导致董事会低于法定最低人数，不会影 响董事会正常运行，不会对公司日常经营产生不利影响，公司将按照法定程序尽 快补选董事。 ...

证券代码：600517 证券简称：国网英大 公告编号：临 2023-013 号 国网英大股份有限公司 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法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 19 日(星期五) 上午 10:00-11:30 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：上证路演中心视频直播和网络互动 投资者可于 2023 年 5 月 12 日(星期五) 至 5 月 18 日(星期四)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 600517@sgcc.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 国网英大股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布公 司 2022 年年度报告和 2023 年第一季度报告，为便于广大投资者更全 ...

Financial Performance - The total revenue for 2022 reached 10.861 billion CNY, an increase of 14.51% year-on-year[6]. - The net profit attributable to shareholders was 1.069 billion CNY, a decrease of 12.65% compared to the previous year[6]. - Yingda Trust achieved a revenue of 2.607 billion CNY, up 15.79% year-on-year, with a net profit of 1.404 billion CNY, an increase of 13.90%[6]. - Yingda Securities reported a revenue of 1.891 billion CNY and a net profit of 54.04 million CNY[6]. - Yingda Carbon Assets generated a revenue of 48.40 million CNY, a significant increase of 87.78%, with a net profit of 8.34 million CNY, up 283.29%[6]. - ZhiXin Electric's revenue was 6.315 billion CNY, growing by 12.52%, with a net profit of 68.04 million CNY, an increase of 50.48%[6]. - The company plans to distribute a cash dividend of 0.57 CNY per 10 shares, totaling approximately 325.95 million CNY, which accounts for 30.5% of the net profit attributable to shareholders[10]. - Total revenue for 2022 reached ¥10,861,214,271.72, an increase of 14.51% compared to ¥9,485,273,791.55 in 2021[24]. - Operating income was ¥7,080,914,506.64, reflecting a growth of 23.95% from ¥5,712,643,878.14 in the previous year[24]. - The net cash flow from operating activities increased by 68.97% to ¥1,286,659,899.03, compared to ¥761,481,737.72 in 2021[24]. - The net assets attributable to shareholders increased by 2.74% to ¥18,840,581,032.93 from ¥18,338,602,209.76 in the previous year[24]. - Basic earnings per share for 2022 were ¥0.187, down 12.62% from ¥0.214 in 2021[25]. - The weighted average return on net assets decreased to 5.75%, down from 6.88% in 2021, a reduction of 1.13 percentage points[25]. - The company reported a 15.67% decline in interest income, totaling ¥808,909,067.96 compared to ¥959,218,715.62 in 2021[24]. - Commission and fee income increased by 5.62% to ¥2,971,390,697.12 from ¥2,813,411,197.79 in the previous year[24]. Innovation and Development - The company is committed to innovation, with 7 new patent applications and 2 patents granted in the field of vanadium flow battery technology[6]. - The company completed 121 patent applications in 2022, with 90 of them being invention patents[31]. - The company is actively exploring innovative carbon service models and has launched a comprehensive "carbon management" service platform[63]. - The company is investing in R&D for new products, including high-voltage capacitors and vanadium battery structures, to meet the demands of renewable energy applications[92]. - The company has established a sound incentive mechanism linked to employee performance, skills, and tenure, enhancing employee motivation and corporate cohesion[133]. Green Finance and Sustainability - The company is focusing on green finance and has developed 6 green financial services and 8 green financial products to support low-carbon transitions[7]. - The company issued green bonds and provided carbon management services, facilitating over RMB 6.5 billion in low-cost financing for enterprises[31]. - The company has developed and promoted green products, including energy-efficient transformers, which were recognized in the national energy-saving technology equipment directory[151]. - The company has committed to a paperless office initiative and promotes green commuting among employees[151]. - The company invested CNY 3.2336 million in environmental protection during the reporting period[146]. - The company achieved a reduction of 1,076 tons in carbon dioxide equivalent emissions through various carbon reduction measures[150]. - The company was recognized as the second in the "Central Enterprise ESG Social Value Pioneer 50 Index" by the State-owned Assets Supervision and Administration Commission[148]. Governance and Compliance - The company aims to enhance its governance and has achieved an A-level rating for information disclosure for two consecutive years[7]. - The company has established a comprehensive internal governance structure, including an audit and compliance management committee, nomination committee, and strategic committee[100]. - The company adheres to corporate governance standards, ensuring compliance with relevant laws and regulations during shareholder meetings[98]. - The company has implemented measures to ensure compliance with legal and regulatory requirements, enhancing its governance framework[104]. - The company received an "A" grade for its information disclosure work from the Shanghai Stock Exchange for the 2021 to 2022 period, having disclosed 4 regular reports and 33 temporary announcements[103]. Market and Strategic Focus - The company is focused on enhancing asset management capabilities and developing innovative financial products to support the real economy[36]. - The company plans to continue expanding its market presence in clean energy and integrated energy services, aligning with industry trends towards low-carbon development[63]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[114]. - The company is exploring opportunities for market expansion and strategic partnerships to enhance its competitive position[116]. - The company aims to achieve total operating revenue of RMB 10.8 billion and total profit of RMB 2.6 billion in 2023, with capital expenditures projected at RMB 410 million[91]. Risk Management - The company emphasizes a comprehensive risk control system to prevent major risks and enhance risk management capabilities[90]. - Credit risk management is being strengthened through improved risk preference systems and digital risk control mechanisms[94]. - The company is actively monitoring market risks, including interest rate and commodity price fluctuations, to maintain acceptable risk levels[95]. - The company’s risk management measures were effective, with no major risk events reported throughout the year[31]. Employee and Management Structure - The company has a total of 3,082 employees, with 29 in the parent company and 3,053 in major subsidiaries[132]. - The company employed 648 R&D personnel, accounting for 21.03% of total staff[75]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 10.3033 million yuan[121]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while the remuneration for senior management is decided by the board of directors[121]. - The company has a diverse management team with members holding positions in various financial and energy-related organizations[119]. Subsidiaries and Joint Ventures - The company’s subsidiary, Yinda Insurance Asset Management Co., generated CNY 27.59 million in revenue from service sales[181]. - The company’s joint venture with Nanjing General Electric Smart Monitoring and Diagnosis Co. reported sales revenue of CNY 2.74 million[181]. - The company’s total sales from various subsidiaries included CNY 425.23 million from leasing services, indicating a diverse revenue stream[181]. Shareholder and Equity Structure - The controlling shareholder, Yingda Group, holds 65.53% of the company's shares, ensuring the company operates independently in business, assets, personnel, and finance[102]. - The top ten shareholders held a total of 3,747,456,382 shares, representing 65.53% of the total shares[197]. - The largest shareholder, State Grid Yingda International Holdings Group Co., Ltd., holds 3,747,456,382 shares, with no pledged or frozen shares[197]. - The company has no significant changes in shareholder structure or asset and liability structure during the reporting period[195].

Financial Performance - Operating revenue for the quarter reached RMB 2,105,185,150.22, a year-on-year increase of 4.83%[4] - Net profit attributable to shareholders of the listed company was RMB 454,256,769.02, a significant year-on-year increase of 187.11%[4] - Total operating revenue for Q1 2023 was 2,105,185,150.22 RMB, up from 2,008,270,897.94 RMB in Q1 2022[16] - Revenue from main business operations in Q1 2023 was 1,101,822,965.40 RMB, slightly up from 1,080,751,408.66 RMB in Q1 2022[16] - Operating profit surged to RMB 809.12 million in Q1 2023, compared to RMB 270.41 million in Q1 2022[17] - Net profit attributable to parent company shareholders rose to RMB 454.26 million in Q1 2023, up from RMB 158.22 million in Q1 2022[17] - Basic earnings per share increased to RMB 0.079 in Q1 2023 from RMB 0.028 in Q1 2022[18] - Total comprehensive income for Q1 2023 was RMB 671.33 million, a significant increase from RMB 155.79 million in Q1 2022[18] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 45,615,207,125.75, an increase of 2.50% compared to the end of the previous year[5] - Total assets increased to 45,615,207,125.75 RMB as of March 31, 2023, compared to 44,501,544,724.80 RMB at the end of 2022[13] - Total liabilities increased to 22,889,722,862.74 RMB as of March 31, 2023, compared to 22,447,390,629.44 RMB at the end of 2022[14] - Monetary funds decreased to 6,243,263,776.06 RMB as of March 31, 2023, from 7,889,952,926.12 RMB at the end of 2022[13] - Trading financial assets increased to 12,985,911,265.73 RMB as of March 31, 2023, from 11,837,035,611.23 RMB at the end of 2022[13] - Accounts receivable slightly increased to 3,438,870,892.63 RMB as of March 31, 2023, from 3,430,804,883.42 RMB at the end of 2022[13] - Inventory increased to 1,446,807,828.71 RMB as of March 31, 2023, from 1,137,847,030.83 RMB at the end of 2022[13] - Short-term borrowings decreased to 2,068,012,724.46 RMB as of March 31, 2023, from 2,716,663,931.09 RMB at the end of 2022[14] - Equity attributable to owners of the parent company increased to 19,356,173,100.28 RMB as of March 31, 2023, from 18,840,581,032.93 RMB at the end of 2022[15] Income and Expenses - Fee and commission income increased by 10.40% year-on-year to RMB 813,777,297.96[4] - Fee and commission income increased to RMB 813.78 million in Q1 2023, up from RMB 737.10 million in Q1 2022[17] - Interest income for Q1 2023 was RMB 189.58 million, slightly down from RMB 190.42 million in Q1 2022[17] - Management expenses surged by 354.03% due to adjustments in financial reporting formats[7] - The company's financial expenses decreased by 75.85% due to increased bank deposit interest income and reduced loan scale[8] - The company's credit impairment losses increased by 430.33% due to higher bad debt provisions[8] Cash Flow - Net cash flow from operating activities was -393.91 million yuan, a decrease of 163.28 million yuan compared to the same period last year[20] - Net cash flow from investing activities was -19.86 million yuan, a decrease of 142.45 million yuan compared to the same period last year[20] - Net cash flow from financing activities was -650.10 million yuan, a decrease of 494.23 million yuan compared to the same period last year[21] - Total cash inflow from operating activities was 5.22 billion yuan, an increase of 2.72 billion yuan compared to the same period last year[20] - Total cash outflow from operating activities was 5.61 billion yuan, an increase of 2.89 billion yuan compared to the same period last year[20] - Cash received from repurchase business increased by 1.73 billion yuan, a significant increase of 1.22 billion yuan compared to the same period last year[20] - Cash received from issuing bonds was 250 million yuan, a decrease of 102.26 million yuan compared to the same period last year[20] - Cash paid for repayment of debts was 915 million yuan, an increase of 348.15 million yuan compared to the same period last year[21] - Cash paid for taxes and fees was 685.51 million yuan, an increase of 138.01 million yuan compared to the same period last year[20] - Net increase in cash and cash equivalents was -1.06 billion yuan, a decrease of 799.81 million yuan compared to the same period last year[21] - Cash received from sales of goods and services grew to RMB 1.33 billion in Q1 2023, up from RMB 1.12 billion in Q1 2022[19] - Cash received from interest and commission fees increased to RMB 1.07 billion in Q1 2023, compared to RMB 1.01 billion in Q1 2022[19] Shareholder Information - The top shareholder, State Grid Yingda International Holdings Group Co., Ltd., holds 65.53% of the company's shares[9] Return on Equity - The company's weighted average return on equity (ROE) was 2.38%, an increase of 1.52 percentage points year-on-year[4] Contract Liabilities - The company's contract liabilities increased by 126.19% due to higher advance payments for goods[7]

Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) This report is the unaudited Q3 2022 report of State Grid Yingda Co., Ltd., with the Board, Supervisory Board, and management affirming its truthfulness and completeness - The financial statements for this quarter are unaudited[3](index=3&type=chunk) - The company's Board of Directors, Supervisory Board, and management assume legal responsibility for the truthfulness, accuracy, and completeness of the report content[3](index=3&type=chunk) I. Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) (I) Key Accounting Data and Financial Indicators](index=1&type=section&id=(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant growth in total operating revenue and operating revenue in Q3 2022 and YTD, but net profit attributable to shareholders and basic earnings per share decreased year-on-year, while total assets and owners' equity attributable to shareholders increased compared to the end of the previous year Key Financial Indicators for Q3 2022 and YTD | Indicator | Current Period (Q3 2022) | YoY Change (%) | Year-to-Date (YTD 2022) | YoY Change (%) | | :------------------------------------------------------------------------------------------------------- | :----------------- | :----------- | :----------------- | :----------- | | Total Operating Revenue | 2,812,849,802.11 | 39.41 | 7,219,432,963.53 | 27.95 | | Operating Revenue | 1,876,525,992.07 | 77.96 | 4,387,629,886.08 | 52.40 | | Interest Income | 191,387,856.80 | -17.70 | 591,845,283.79 | -10.35 | | Fee and Commission Income | 744,935,953.24 | 1.94 | 2,239,957,793.66 | 6.49 | | Net Profit Attributable to Shareholders of Listed Company | 202,224,386.98 | -39.86 | 822,994,893.33 | -16.13 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 202,004,286.15 | -39.15 | 810,547,575.26 | -16.39 | | Net Cash Flow from Operating Activities | 不适用 | 不适用 | 586,959,925.23 | -33.47 | | Basic Earnings Per Share (Yuan/share) | 0.035 | -40.68 | 0.144 | -16.28 | | Diluted Earnings Per Share (Yuan/share) | 0.035 | -40.68 | 0.144 | -16.28 | | Weighted Average Return on Net Assets (%) | 1.08 | 减少0.85个百分点 | 4.39 | 减少1.15个百分点 | Balance Sheet Indicators as of Q3 2022 | Indicator | As of Current Period End (2022.09.30) (Yuan) | As of Prior Year End (2021.12.31) (Yuan) | Change (%) | | :----------------------------------- | :-------------------- | :-------------------- | :--------------- | | Total Assets | 45,495,243,163.90 | 44,908,856,477.14 | 1.31 | | Owners' Equity Attributable to Shareholders of Listed Company | 18,769,087,394.95 | 18,338,602,209.76 | 2.35 | (II) Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=(%E4%BA%8C)%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) The company's non-recurring gains and losses totaled **220,100.83 Yuan** for the current period and **12,447,318.07 Yuan** year-to-date, primarily including government subsidies, non-current asset disposal gains/losses, and other non-operating income/expenses Non-recurring Gains and Losses Items and Amounts | Item | Current Period Amount (Yuan) | Year-to-Date Amount (Yuan) | | :------------------------------------------------------------------------------------------------------- | :---------------- | :---------------------- | | Gains/Losses on Disposal of Non-current Assets | 9,062.21 | -1,281,021.51 | | Government Subsidies Included in Current P&L (Excluding those closely related to normal operations, compliant with national policies, and continuously enjoyed at fixed/quantitative standards) | 1,342,881.10 | 17,287,000.81 | | Other Non-operating Income and Expenses Apart from the Above | -1,347,020.46 | 877,955.80 | | Less: Income Tax Impact | -181,969.10 | 4,352,461.20 | | Minority Interests Impact (After Tax) | -33,208.88 | 84,155.83 | | Total | 220,100.83 | 12,447,318.07 | (III) Changes and Reasons for Key Accounting Data and Financial Indicators](index=2&type=section&id=(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) The company's operating revenue increased by **52.40%** year-on-year for the year-to-date period, mainly due to increased power equipment and securities basis businesses, while net cash flow from operating activities decreased by **33.47%** year-on-year, primarily due to lower securities brokerage volume - Operating revenue increased by **52.40%** year-on-year, primarily due to increased power equipment business and securities basis business in the current period[7](index=7&type=chunk) - Net cash flow from operating activities decreased by **33.47%** year-on-year, mainly due to lower securities brokerage volume in the current period[7](index=7&type=chunk) II. Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=3&type=section&id=(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had **78,682** common shareholders, with State Grid Yingda International Holdings Group Co., Ltd. being the largest shareholder with **65.53%** of shares, all of which are restricted shares, and multiple state-owned corporate shareholders with related party relationships among the top ten - The total number of common shareholders at the end of the reporting period was **78,682**[9](index=9&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding (%) | Number of Restricted Shares Held | | :----------------------------------- | :-------------------- | :-------------------- | :--------------- | :--------------------- | | State Grid Yingda International Holdings Group Co., Ltd. | State-owned Legal Person | 3,747,456,382 | 65.53 | 3,747,456,382 | | State Grid Electric Power Research Institute Co., Ltd. | State-owned Legal Person | 428,138,981 | 7.49 | 0 | | Shanghai Zhixin (Group) Co., Ltd. | Domestic Non-state-owned Legal Person | 207,857,842 | 3.63 | 0 | - State Grid Corporation of China has related party relationships through equity control over State Grid Yingda International Holdings Group Co., Ltd., State Grid Electric Power Research Institute Co., Ltd., and State Grid Xinyuan Holdings Co., Ltd[9](index=9&type=chunk) III. Other Reminders](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) The company has no other significant operating information requiring investor attention during the reporting period - The company's operating situation during the reporting period has no other important information requiring investor attention[10](index=10&type=chunk) IV. Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) (I) Type of Audit Opinion](index=5&type=section&id=(%E4%B8%80)%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[11](index=11&type=chunk) (II) Financial Statements](index=5&type=section&id=(%E4%BA%8C)%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated balance sheet as of Q3 2022, and consolidated income statement and cash flow statement for the year-to-date period, detailing its financial position, operating results, and cash flows Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, the company's total assets increased by **1.31%** from the end of the previous year, with significant increases in trading financial assets and non-current assets due within one year, and decreases in accounts receivable, funds lent, and financial assets purchased under resale agreements, while current liabilities saw a substantial increase in financial assets sold under repurchase agreements and a significant decrease in funds borrowed Consolidated Balance Sheet Key Item Changes (2022.09.30 vs 2021.12.31) | Item | September 30, 2022 (Yuan) | December 31, 2021 (Yuan) | Change Amount (Yuan) | Change (%) | | :----------------------------------- | :-------------------- | :-------------------- | :------------ | :----------- | | Cash and Bank Balances | 7,289,409,838.52 | 7,347,489,517.64 | -58,079,679.12 | -0.79 | | Trading Financial Assets | 13,262,091,205.91 | 11,670,883,306.41 | 1,591,207,899.50 | 13.63 | | Accounts Receivable | 3,934,807,507.90 | 4,325,711,226.72 | -390,903,718.82 | -9.04 | | Inventories | 1,695,016,470.06 | 1,044,402,766.10 | 650,613,703.96 | 62.30 | | Non-current Assets Due Within One Year | 2,111,345,905.74 | 573,327,160.38 | 1,538,018,745.36 | 268.26 | | Other Debt Investments | 7,776,206,633.14 | 9,070,644,875.01 | -1,294,438,241.87 | -14.27 | | Short-term Borrowings | 2,448,062,455.22 | 2,693,681,322.37 | -245,618,867.15 | -9.12 | | Funds Borrowed | 501,840,277.78 | 1,502,312,750.03 | -1,000,472,472.25 | -66.60 | | Financial Assets Sold Under Repurchase Agreements | 7,068,902,476.22 | 5,178,815,591.15 | 1,890,086,885.07 | 36.49 | | Client Funds for Securities Trading | 6,477,113,624.83 | 7,229,243,059.50 | -752,129,434.67 | -10.40 | | Total Liabilities | 23,492,947,572.48 | 23,525,679,387.98 | -32,731,815.50 | -0.14 | | Total Owners' Equity | 22,002,295,591.42 | 21,383,177,089.16 | 619,118,502.26 | 2.90 | Consolidated Income Statement](index=7&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) As of September 30, 2022, the company's total operating revenue increased by **27.95%** and operating revenue by **52.40%** year-on-year for the year-to-date period, however, net profit attributable to parent company shareholders decreased by **16.13%** to **0.144 Yuan/share** in basic earnings per share, impacted by investment income, fair value changes, and credit impairment losses Consolidated Income Statement Key Item Changes (YTD 2022 vs YTD 2021) | Item | Q1-Q3 2022 (Yuan) | Q1-Q3 2021 (Yuan) | Change Amount (Yuan) | Change (%) | | :------------------------------------------------------------------------------------------------------- | :-------------------- | :-------------------- | :------------ | :----------- | | Total Operating Revenue | 7,219,432,963.53 | 5,642,526,017.90 | 1,576,906,945.63 | 27.95 | | Operating Revenue | 4,387,629,886.08 | 2,878,996,019.76 | 1,508,633,866.32 | 52.40 | | Interest Income | 591,845,283.79 | 660,176,589.79 | -68,331,306.00 | -10.35 | | Fee and Commission Income | 2,239,957,793.66 | 2,103,353,408.35 | 136,604,385.31 | 6.49 | | Total Operating Costs | 5,353,375,429.68 | 3,967,780,149.36 | 1,385,595,280.32 | 34.92 | | Investment Income (Losses Indicated by "-") | 124,222,468.82 | 427,279,030.64 | -303,056,561.82 | -70.93 | | Gains/Losses from Changes in Fair Value (Losses Indicated by "-") | -551,055,704.19 | -443,080,475.07 | -107,975,229.12 | 24.37 | | Credit Impairment Losses (Losses Indicated by "-") | 1,814,391.80 | -25,432,724.13 | 27,247,115.93 | -107.13 | | Operating Profit | 1,462,188,242.72 | 1,649,668,274.02 | -187,480,031.30 | -11.36 | | Net Profit | 1,106,232,492.63 | 1,266,993,741.38 | -160,761,248.75 | -12.69 | | Net Profit Attributable to Parent Company Shareholders | 822,994,893.33 | 981,243,837.13 | -158,248,943.80 | -16.13 | | Basic Earnings Per Share (Yuan/share) | 0.144 | 0.172 | -0.028 | -16.28 | Consolidated Cash Flow Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) As of September 30, 2022, net cash flow from operating activities decreased by **33.47%** year-on-year, mainly due to lower securities brokerage volume, while net cash outflow from financing activities replaced last year's net inflow, leading to a negative net increase in cash and cash equivalents Consolidated Cash Flow Statement Key Item Changes (YTD 2022 vs YTD 2021) | Item | Q1-Q3 2022 (Yuan) | Q1-Q3 2021 (Yuan) | Change Amount (Yuan) | Change (%) | | :----------------------------------- | :-------------------- | :-------------------- | :------------ | :----------- | | Net Cash Flow from Operating Activities | 586,959,925.23 | 882,228,602.57 | -295,268,677.34 | -33.47 | | Net Cash Flow from Investing Activities | -43,158,199.43 | -161,003,067.58 | 117,844,868.15 | -73.10 | | Net Cash Flow from Financing Activities | -865,576,744.97 | 834,125,089.73 | -1,699,701,834.70 | -203.77 | | Net Increase in Cash and Cash Equivalents | -311,297,423.50 | 1,554,523,747.40 | -1,865,821,170.90 | -120.02 | | Cash and Cash Equivalents at Period End | 8,141,065,862.45 | 8,026,338,984.50 | 114,726,877.95 | 1.43 | - The decrease in net cash flow from operating activities was mainly due to lower securities brokerage volume[7](index=7&type=chunk) - Net cash flow from financing activities shifted from a net inflow in the same period last year to a net outflow, primarily due to a significant decrease in cash received from borrowings and bond issuance, while cash paid for debt repayment remained high[22](index=22&type=chunk)

Financial Performance - Total operating revenue for the first half of 2022 reached ¥4,406,583,161.42, an increase of 21.57% compared to ¥3,624,784,194.29 in the same period last year[17]. - Operating income was ¥2,511,103,894.01, reflecting a growth of 37.63% from ¥1,824,551,674.46 year-on-year[17]. - Net profit attributable to shareholders of the listed company was ¥620,770,506.35, a decrease of 3.76% from ¥644,990,871.78 in the previous year[17]. - Net profit after deducting non-recurring gains and losses was ¥608,543,289.11, down 4.54% from ¥637,466,600.93 year-on-year[17]. - Basic earnings per share for the reporting period (January to June) was CNY 0.109, a decrease of 3.54% compared to the same period last year[18]. - Diluted earnings per share for the reporting period was also CNY 0.109, reflecting a 3.54% decline year-over-year[18]. - The weighted average return on equity decreased by 0.32 percentage points to 3.33% compared to the previous year[18]. - Net profit for the first half of 2022 was CNY 5.812 billion, a year-on-year decrease of 4.59%[22]. Cash Flow and Assets - The net cash flow from operating activities was ¥1,039,017,424.42, a significant improvement from a negative cash flow of ¥381,721,713.84 in the same period last year[17]. - Net assets attributable to shareholders of the listed company increased to ¥18,535,168,433.93, up 1.07% from ¥18,338,602,209.76 at the end of the previous year[17]. - Total assets reached ¥45,334,114,128.09, reflecting a 0.95% increase from ¥44,908,856,477.14 at the end of the previous year[17]. - The company's cash and cash equivalents stood at ¥7,405,331,373.28, accounting for 16.34% of total assets[46]. - The company's total current assets as of the end of the reporting period amount to 33,962,909,474.87 RMB, an increase from 32,559,272,975.15 RMB at the beginning of the period[108]. Revenue Sources - Interest income decreased by 6.36% to ¥400,457,426.99 from ¥427,636,709.74 in the previous year[17]. - Commission and fee income increased by 8.92% to ¥1,495,021,840.42 compared to ¥1,372,595,810.09 in the same period last year[17]. - The company reported a total revenue of CNY 4.92 billion from its futures business, representing a year-on-year growth of 342.67%, with net profit reaching CNY 16 million, an increase of 96.15%[29]. - The company reported a total comprehensive income of CNY 759,676,757.25, down from CNY 908,350,594.55 in the previous year, a decrease of 16.4%[116]. Industry Trends and Challenges - The trust industry faced significant transformation pressures, with total trust assets decreasing by CNY 0.22 trillion year-over-year, a decline of 1.06%[21]. - The securities industry reported a revenue decline of 11.40% year-over-year, totaling CNY 205.92 billion[21]. - The net profit for the securities industry fell by 29.50% year-over-year, amounting to CNY 81.195 billion[21]. - The company faces operational risks due to global economic challenges, including inflation and geopolitical tensions, which may impact profitability in its power equipment sector[54]. Investments and Future Plans - The company plans to invest over CNY 500 billion in the power grid in 2022, expected to drive social investment exceeding CNY 1 trillion[24]. - The company aims for over 80% of new energy-efficient transformers to be adopted by 2025, in line with national energy efficiency improvement plans[24]. - The company is focusing on transforming its business model to adapt to regulatory changes and market conditions, emphasizing standardized investment and core business services[21]. Governance and Compliance - The company has undergone a board restructuring, with the election of a new board of directors and supervisory board on May 17, 2022[62]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[65]. - The company has committed to minimizing related party transactions with the listed company and ensure that unavoidable transactions are conducted at market prices[75]. - The company has a history of timely and strict adherence to its commitments, with no noted failures in compliance[73]. Research and Development - R&D expenses increased by 49.06% to ¥75,570,344.99, reflecting higher investment in research and development[43][44]. - The company applied for 44 invention patents and received 39 new authorized invention patents during the reporting period, showcasing its commitment to technological innovation[33]. Environmental and Social Responsibility - The company has implemented various carbon management measures, including the issuance of green asset-backed commercial papers to fund 13 green energy projects[67]. - The company is actively involved in rural revitalization efforts, including the promotion of new products in various provinces to support agricultural smart energy projects[69]. Financial Instruments and Accounting Policies - The company recognizes interest income using the effective interest method, with specific treatments for impaired financial assets[149]. - The company confirms joint operation assets and liabilities based on its share, recognizing income from the sale of joint operation outputs[145]. - The company assesses credit risk of financial instruments using a "three-stage" impairment model based on expected credit losses[150].