江苏省新能源开发股份有限公司2025 年半年度报告 江苏省新能源开发股份有限公司 2025 年半年度报告 1 / 158 江苏省新能源开发股份有限公司2025 年半年度报告 公司代码：603693 公司简称：江苏新能 四、 公司负责人陈华、主管会计工作负责人张颖及会计机构负责人（会计主管人员）尹力夫声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公 ...

Group 1 - The company reported a revenue of 1.054 billion yuan for the first half of 2025, representing a year-on-year growth of 0.48% [1] - The gross profit margin was 52.17%, which is a decrease of 1.50 percentage points compared to the previous year [1] - The net profit attributable to shareholders of the listed company was 282 million yuan, showing a year-on-year decline of 3.62% [1]

Group 1 - Jiangsu power grid reached a record high electricity load of 155 million kilowatts, a year-on-year increase of 5.99% compared to last year's peak [1] - The increase in electricity load is driven by high temperatures, air conditioning demand, and the steady improvement of Jiangsu's economy, including data centers and electric vehicle charging needs [1] - Jiangsu's coal power output reached a maximum of 78.71 million kilowatts this summer, a year-on-year increase of 7.14%, contributing 45% during peak hours [1] Group 2 - Jiangsu New Energy (603693) has an installed capacity of 110 million kilowatts, playing a crucial role in power supply this summer [2] - Wind and solar power in Jiangsu reached a cumulative maximum output of 55.47 million kilowatts, accounting for 40% of the total generation output [2] - The implementation of the first "AC to DC" transmission project in Jiangsu has significantly enhanced the interconnection capabilities of the power grid along the Yangtze River [2]

Group 1 - Jiangsu New Energy's stock price on July 30 was 13.60 yuan, a decrease of 0.06 yuan or 0.44% from the previous trading day [1] - The trading volume on that day was 60,754 hands, with a transaction amount of 83 million yuan, and a fluctuation of 1.68% [1] - The company experienced a net outflow of main funds amounting to 4.4571 million yuan, representing 0.04% of its circulating market value [1] Group 2 - Jiangsu New Energy is a state-owned enterprise in Jiangsu Province, primarily engaged in the investment, development, and operation management of renewable energy projects, including wind, solar, and biomass energy [1] - The company's business scope includes investment and construction of renewable energy generation projects, electricity production and sales, and research and development of renewable energy technologies [1] - As of the latest data, the company's current price-to-earnings ratio is 18.52 times, and the price-to-book ratio is 1.80 times [1]

Core Viewpoint - The legal opinion issued by Jiangsu Tianzhe Law Firm confirms the legality and validity of the procedures, qualifications, and results of the temporary shareholders' meeting of Jiangsu New Energy Development Co., Ltd. held on July 25, 2025 [1][6]. Group 1: Meeting Procedures - The temporary shareholders' meeting was convened following the approval of the board of directors on July 9, 2025, and the notice was published in accordance with relevant regulations [2][3]. - The meeting utilized a combination of on-site and online voting, with the online voting system being operational during specified trading hours on the day of the meeting [3][4]. Group 2: Qualifications - The meeting was convened by the board of directors, and the qualifications of the conveners were found to be in compliance with the company's articles of association [4]. - A total of 622 shareholders participated, holding 688,483,276 shares, which accounted for 77.2296% of the total voting shares [3][4]. Group 3: Agenda and Voting Results - The meeting reviewed 12 agenda items, all of which were within the scope of the shareholders' meeting authority and consistent with the notice [5][6]. - The voting procedures were conducted in accordance with the company's articles of association, and the results indicated that the majority of the proposals received sufficient votes to pass [5][6].

Core Viewpoint - The document outlines the management system for the resignation of directors and senior management at Jiangsu New Energy Development Co., Ltd, aiming to ensure stability in corporate governance and protect the rights of the company and its shareholders [1][2]. Group 1: General Provisions - The system is established based on relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, and is applicable to all directors and senior management [2]. - The system governs the resignation procedures, term expirations, and dismissals of directors and senior management [2]. Group 2: Resignation Circumstances and Procedures - Directors and senior management can resign before their term expires, and the company will terminate their positions if they are unable to serve due to legal or regulatory reasons [3][4]. - A written resignation report must be submitted, with the resignation effective upon receipt for directors and upon acknowledgment for senior management [5]. - The company is required to disclose the resignation within two trading days [5]. Group 3: Responsibilities and Obligations of Resigning Directors and Senior Management - Resigning individuals must complete work handover within five working days, ensuring that important documents and company property are transferred [9]. - The company may initiate a departure audit if necessary, and the obligations of loyalty and confidentiality continue for one year post-resignation [10][11]. - Any unfulfilled public commitments must still be honored after resignation [12]. Group 4: Shareholding Management of Resigning Directors and Senior Management - Directors and senior management must declare their shareholdings and cannot transfer more than 25% of their shares during their term [15]. - Shares cannot be transferred within one year of the company's stock listing and for six months post-resignation [15][16]. Group 5: Miscellaneous Provisions - Any matters not covered by this system or conflicting with national laws will be executed according to those laws [17]. - The system becomes effective upon approval by the board of directors [18].

Core Viewpoint - The company has established a system to prevent the controlling shareholder, actual controller, and other related parties from occupying company funds, aiming to protect the legitimate rights and interests of all shareholders and creditors [1][2]. Group 1: Prevention of Fund Occupation - The system prohibits the controlling shareholder, actual controller, and related parties from occupying company funds through various means, including but not limited to salary advances, loans, and unauthorized financial transactions [1][2]. - The company must ensure that any transactions with the controlling shareholder and related parties comply with relevant regulations and internal decision-making processes [2][3]. Group 2: Responsibilities and Monitoring - The financial director is responsible for monitoring financial processes, checking the status of company funds, and reporting any irregularities to the board of directors [3][4]. - In cases of asset occupation or damage to the company's interests, the board must take protective measures, including legal actions and asset recovery [3][4]. Group 3: Asset Settlement Regulations - If non-cash assets are used to settle occupied funds, they must belong to the same business system and enhance the company's independence [4]. - Independent directors must provide opinions on related party debt settlement plans, and such plans require shareholder approval with related party shareholders abstaining from voting [4][5]. Group 4: Compliance and Enforcement - The company will impose penalties on responsible individuals for violations of this system that result in investor losses, and severe consequences will be pursued for significant damages to state assets [5].

Core Viewpoint - The company has established a system for accountability regarding significant errors in annual report disclosures to enhance the quality and transparency of financial reporting [1][2]. Group 1: General Principles - The system aims to improve the company's operational standards and ensure the authenticity, accuracy, completeness, and timeliness of information disclosures [1]. - Relevant personnel must strictly adhere to accounting standards and internal control systems to ensure financial reports accurately reflect the company's financial status [2]. Group 2: Accountability for Errors - Directors, senior management, and other personnel involved in annual report disclosures are held accountable for significant errors resulting from negligence or failure to perform their duties [2][3]. - Significant errors in annual report disclosures include major accounting mistakes, substantial omissions, and discrepancies between performance forecasts and actual results [2]. Group 3: Principles of Responsibility Accountability - The accountability process follows principles of objectivity, fairness, and proportionality between power and responsibility [3][4]. - The company will investigate and address significant errors, ensuring that responsible parties are held accountable based on the severity of the error and its impact [5][6]. Group 4: Consequences and Mitigation - The company may impose severe penalties for serious errors caused by intentional misconduct or obstruction of investigations [8]. - Conversely, leniency may be granted if the responsible party acted to mitigate damages or if the error was due to unforeseen circumstances [8]. Group 5: Reporting and Performance Evaluation - The results of accountability measures will be incorporated into the annual performance evaluations of relevant departments and personnel [14]. - The system also applies to semi-annual report disclosures, ensuring consistent accountability across all reporting periods [15].

Core Viewpoint - The document outlines the management system for related party transactions between Jiangsu New Energy Development Co., Ltd. and Jiangsu Guoxin Group Financial Co., Ltd., emphasizing compliance with relevant laws and regulations while ensuring the safety and independence of the company's financial assets [1][2]. Group 1: Regulatory Framework - The company must adhere to the Company Law of the People's Republic of China and other relevant regulations when engaging in financial transactions with Guoxin Financial Company [1]. - The company is prohibited from conducting financial transactions with any group financial company not approved by the National Financial Supervision Administration [2]. Group 2: Transaction Guidelines - Financial transactions such as deposits and loans must follow a voluntary principle and require a systematic risk prevention mechanism to safeguard the company's funds [2][5]. - A financial service agreement must be signed for any financial transactions, detailing the terms, transaction types, expected limits, pricing, and risk control measures [3]. Group 3: Disclosure and Reporting - The company is required to disclose expected business conditions annually, including maximum deposit limits, loan amounts, and total credit limits [3][4]. - Continuous disclosure of related party transactions involving Guoxin Financial Company must be included in regular reports, with a risk assessment report submitted alongside annual reports [5][6]. Group 4: Risk Management - The company must develop a risk disposal plan to address potential risks affecting the safety of deposited funds, with clear responsibilities assigned [4]. - An annual special report from the auditing firm regarding related party transactions must be submitted, detailing the amounts and balances of deposits and loans [6].

Group 1 - The company is established as a joint-stock limited company in accordance with the Company Law and has been approved for its initial public offering of 118 million shares [2][3] - The registered capital of the company is RMB 891,475,880 [2] - The company is located at Room 2213, 88 Changjiang Road, Nanjing, with a postal code of 210005 [2] Group 2 - The company's business purpose is to respond to the national green development concept, driven by technological innovation, and to accelerate the development of new energy [4] - The company engages in the development of various forms of new energy, including wind, solar, biomass, geothermal, marine energy, and natural gas hydrates [4] Group 3 - The company issues shares in the form of stocks, with each share having a par value of RMB 1 [5] - The total number of shares issued by the company is 891,475,880, all of which are ordinary shares [5] Group 4 - The company has established a shareholder registry based on the certificates provided by the securities registration and settlement institution, which serves as sufficient evidence of shareholding [9] - Shareholders have rights to dividends and other forms of profit distribution according to their shareholding [10] Group 5 - The company’s shareholders are required to comply with laws, regulations, and the company’s articles of association [14] - Shareholders who abuse their rights causing losses to the company or other shareholders are liable for compensation [14] Group 6 - The company’s board of directors is responsible for convening shareholder meetings and ensuring compliance with legal and regulatory requirements [22][23] - The company allows for electronic communication methods for shareholders to participate in meetings [22]