Core Viewpoint - The leadership transition at Yingda Securities marks a significant change within the company, with Ma Xiaoyan taking over as chairman from Duan Guangming, who served for three years. This change comes amid a backdrop of fluctuating financial performance and strategic growth initiatives within the company [1][2]. Company Leadership Change - Ma Xiaoyan has officially been appointed as the chairman of Yingda Securities, succeeding Duan Guangming, who resigned after a three-year tenure. The change was formalized on September 19, 2023, with Ma Xiaoyan also becoming the legal representative of the company [1][2]. - Both Ma Xiaoyan and Duan Guangming are seasoned professionals from the State Grid system, with Ma having extensive experience in financial management and corporate governance [3]. Financial Performance - For the first half of 2025, Yingda Securities reported total operating revenue of 389 million yuan, a decrease of 3.72% year-on-year, while net profit increased by 36.81% to 107 million yuan. The company's total assets and net assets stood at 20.188 billion yuan and 6.831 billion yuan, respectively [1][4][6]. - The company has seen significant growth in its brokerage business, which contributed 45.24% of total revenue, with brokerage income reaching 176 million yuan, up 21.33% year-on-year [6][5]. Business Development and Strategy - Yingda Securities has established a comprehensive business structure encompassing nine major sectors, including investment banking, asset management, and securities investment, with 31 branches nationwide [4]. - The company is actively involved in underwriting local government bonds and providing financial advisory services to various enterprises, enhancing its role in supporting the State Grid's industrial development [6]. Asset Management and Investment Performance - The asset management segment has shown promising results, with entrusted client assets reaching 3.084 billion yuan, and the company launched its first multi-factor strategy mixed asset management plan [7]. - The company has effectively navigated market conditions, achieving a notable investment return rate that exceeds the overall bond index by 357 basis points [7]. Challenges and Market Conditions - Despite the growth in certain areas, the company faced challenges in its futures business, with fee income declining by 36.27% due to reduced trading fees and other market pressures [8].

Core Viewpoint - The recent leadership change at Yingda Securities, with Ma Xiaoyan appointed as the new chairman, is expected to influence the company's business strategy and performance, particularly in enhancing its core competitiveness in the energy sector [1][3][4]. Company Overview - Yingda Securities, established in 1996 and headquartered in Shenzhen, is a comprehensive securities company under the State Grid Corporation of China, with a registered capital of 4.336 billion yuan [5]. - The company underwent a significant restructuring in 2006 and is fully owned by State Grid Corporation through its listed entity, Guo Wang Yingda [5]. Leadership Change - Ma Xiaoyan, the new chairman, has a background in the State Grid system, having held various senior positions, including roles in financial asset management and as a non-independent director candidate [1][3]. - The previous chairman, Duan Guangming, served for three years and also came from the State Grid system, indicating a trend of leadership continuity from the parent company [4]. Financial Performance - In 2024, Yingda Securities reported total revenue of 860 million yuan, a decrease of 25.64% year-on-year, primarily due to a decline in interest income from debt investments and a pause in futures basis trading [5]. - The net profit for 2024 was 176 million yuan, an increase of 64.43%, driven by improved investment returns from proprietary trading [5]. - For the first half of 2025, the company achieved total revenue of 389 million yuan, down 3.72% year-on-year, while net profit rose by 36.81% to 107 million yuan, with brokerage business revenue increasing by 21.33% [5]. Strategic Focus for 2025 - Yingda Securities aims to enhance its core functions and competitiveness, focusing on several key areas: 1. Developing a specialized investment banking service to support the State Grid's operations and new energy system construction [6]. 2. Strengthening asset management services and exploring optimal collaboration paths with public funds [6]. 3. Improving brokerage services through enhanced marketing strategies and governance [6]. 4. Stabilizing proprietary trading while expanding profitability [6]. 5. Ensuring compliance and enhancing risk management systems [6].

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。 证券代码：600517 证券简称：国网英大 公告编号：临2025-030号 重要内容提示： 国网英大股份有限公司 2025年半年度权益分派实施公告 A股每股现金红利0.042元 本次利润分配方案经公司2025年5月16日的2024年年度股东会批准，在2025年中期相应期间持续盈利、 累计未分配利润为正、现金流可以满足公司正常经营和长远发展、且满足现金分红条件的情况下，由董 事会组织实施2025年中期利润分配。公司于2025年8月27日召开第九届董事会第二次会议审议通过2025 年中期利润分配方案。 二、分配方案 1.发放年度：2025年半年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 3.分配方案： ● 每股分配比例 一、通过分配方案的股东会届次和日期 本次利润分配以方案实施前的公司总股本5,718,435,744股为基数，每股派发现金红利0.042元（含税）， ...

Group 1 - The core point of the announcement is that State Grid Yingda has declared a cash dividend of 0.042 yuan per share (tax included) for the first half of 2025 [2] - The record date for the dividend is set for September 24, 2025 [2] - The ex-dividend date and the date of cash dividend distribution are both scheduled for September 25, 2025 [2]

每股分配比例 证券代码：600517 证券简称：国网英大 公告编号：临2025-030号 国网英大股份有限公司 2025年半年度权益分派实施公告 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： A 股每股现金红利0.042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 | 2025/9/24 | － | 2025/9/25 | 2025/9/25 | 差异化分红送转： 否 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年年度股东会批准，在 2025 年中期相应期间持续盈利、累计未分配利润为正、现金流可以满足公司正常经营 和长远发展、且满足现金分红条件的情况下，由董事会组织实施 2025 年中期利润 分配。公司于 2025 年 8 月 27 日召开第九届董事会第二次会议审议通过 2025 年中 期利润分配方案。 二、 分配方案 1. ...

Core Viewpoint - The recent developments in China's energy sector, particularly in new energy storage, indicate a significant growth phase driven by policy support, market demand, and technological advancements [3][4]. Group 1: Market Performance - As of September 17, 2025, the China Securities National New State-Owned Enterprise Modern Energy Index rose by 0.28%, with notable increases in stocks such as China Coal Energy (up 4.10%) and China Western Power (up 2.03%) [3]. - The Central State-Owned Enterprise Modern Energy ETF (561790) increased by 0.52%, with a latest price of 1.17 yuan, and has seen a cumulative increase of 2.93% over the past month [3]. Group 2: Policy Developments - The National Development and Reform Commission and the National Energy Administration have issued the "New Energy Storage Scale Construction Special Action Plan (2025-2027)", aiming for market-oriented development and technological innovation in the energy storage sector by 2027 [3][4]. - Additional policies released in September include notifications to improve pricing mechanisms for renewable energy and guidelines for the continuous operation of electricity spot markets, emphasizing the importance of energy storage [4]. Group 3: Industry Outlook - Experts suggest that the confluence of policy incentives, surging market demand, rapid technological iterations, and strategic capacity layouts are propelling the energy storage industry into a "golden development period" characterized by simultaneous increases in volume and price [4]. - The index tracking the Central State-Owned Enterprise Modern Energy ETF includes 50 listed companies involved in green energy and fossil energy, with the top ten stocks accounting for 48.28% of the index [4].

Group 1 - The diversified financial sector is experiencing a rise, with notable gains in companies such as COFCO Capital, which reached its daily limit increase [1] - Jianyuan Trust previously hit its limit up, indicating strong market interest and performance [1] - Other companies in the sector, including Shaanxi Guotou A, Wukuang Capital, China National Petroleum Capital, State Grid Yingda, and Yuexiu Capital, also saw increases in their stock prices [1]

Core Points - The company will hold a performance briefing for the first half of 2025 on September 24, 2025, from 11:00 to 12:00 [2][5] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [3][4] - Investors can submit questions from September 17 to September 23, 2025, before 16:00, through the Roadshow Center or via the company's email [2][4] Meeting Details - The meeting will take place at the Shanghai Stock Exchange Roadshow Center [5] - Key personnel attending include Chairman Yang Dongwei, General Manager Qiao Fadong, and other board members [4] - After the meeting, investors can access the main content and details of the briefing on the Roadshow Center [6]

证券代码：600517 证券简称：国网英大 公告编号：临 2025-029 号 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：2025 年 09 月 24 日（星期三） 11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 17 日（星期三）至 09 月 23 日（星期二）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 2025 年 8 月 28 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度 经营成果、财务状况，公司计划于 2025 年 09 月 24 日（星期三）11:00-1 ...

证券代码：600517 证券简称：国网英大 公告编号：临2025-028 号 国网英大股份有限公司 2025年第一次临时股东会决议公告 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。 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 | 1、出席会议的股东和代理人人数 | 436 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 4,539,566,946 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 79.3848 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，采取现场和网络投票相结合的方式召开，由董 事长杨东伟先生主持。现场会议采取记名投票表决的方式。本次会议的召集、召 开及表决方式均符合《公司法》及《公司章程》的有关规定。 公司部分董事、高级管理人员以通讯方式参加了本次会议。 二、 议案审议情况 (一) 股东会召开的时间：2025 年 9 月 15 日 (二) 股东会 ...