Core Viewpoint - China Electric Research (688128.SH) reported a revenue of 2.329 billion yuan for the first half of 2025, reflecting a year-on-year growth of 12.88% [1] - The net profit attributable to shareholders reached 258 million yuan, marking a year-on-year increase of 31.28% [1] - The net profit excluding non-recurring gains and losses was 247 million yuan, showing a year-on-year growth of 36.51% [1] - Basic earnings per share stood at 0.64 yuan [1] Financial Performance - Revenue: 2.329 billion yuan, up 12.88% year-on-year [1] - Net Profit: 258 million yuan, up 31.28% year-on-year [1] - Net Profit (excluding non-recurring items): 247 million yuan, up 36.51% year-on-year [1] - Basic Earnings per Share: 0.64 yuan [1]

中信建投证券股份有限公司 关于中国电器科学研究院股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"）为中 国电器科学研究院股份有限公司（以下简称"公司"、"中国电研"）首次公开发行 股票并在科创板上市的保荐机构及持续督导机构，根据《上海证券交易所科创板 股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范 运作》等法规的有关规定，对中国电研使用部分暂时闲置募集资金进行现金管理 事项进行了审慎核查，核查情况与意见如下： 一、募集资金基本情况 经上海证券交易所科创板股票上市委员会 2019 年 9 月 30 日审核同意，并经 中国证券监督管理委员会 2019 年 10 月 16 日《关于同意中国电器科学研究院股 份有限公司首次公开发行股票注册的批复》（证监许可[2019]1922 号）核准，同 意公司公开发行人民币普通股 5,000 万股，发行价格为 18.79 元/股，募集资金总 额 93,950 万元人民币，扣除发行费用（不含增值税）8,149.87 万元人民币，募集 资金净额为 85,800.13 万元人民币， ...

目前营业执照载明的经营范围：对成员单位办理财务和融资顾问、信用鉴证 及相关的咨询、代理业务；协助成员单位实现交易款项的收付；经批准的保险代 理业务；对成员单位提供担保；办理成员单位之间的委托贷款及委托投资；对成 员单位办理票据承兑与贴现；办理成员单位之间的内部转账结算及相应的结算、 清算方案设计；吸收成员单位的存款；对成员单位办理贷款及融资租赁；从事同 业拆借；经批准发行财务公司债券；承销成员单位的企业债券；对金融机构的股 权投资；有价证券投资；成员单位产品的消费信贷、买方信贷及融资租赁。（市 场主体依法自主选择经营项目，开展经营活动；依法须经批准的项目，经相关部 门批准后依批准的内容开展经营活动；不得从事国家和本市产业政策禁止和限制 类项目的经营活动。） 二、国机财务内部控制基本情况 （一）控制环境 国机财务有限责任公司风险持续评估报告 中国电器科学研究院股份有限公司（以下简称"公司"）根据《关于规范上 市公司与企业集团财务公司业务往来的通知》《上海证券交易所上市公司自律监 管指引第 5 号——交易与关联交易》等要求，审阅了国机财务有限责任公司（以 下简称"国机财务"）的《营业执照》与《金融许可证》等资料及 ...

证券代码：688128 证券简称：中国电研 公告编号：2025-028 中国电器科学研究院股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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、准确性和完整性依法承担法律责任。 中国电器科学研究院股份有限公司（以下简称"公司"或"中国电研"）于 2025 年 8 月 21 日召开了第二届董事会第十五次会议、第二届监事会第九次会议， 审议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司 在保证不影响公司募集资金投资计划正常进行的前提下，使用最高不超过人民币 1.6 亿元（包含本数）的闲置募集资金进行现金管理，用于购买安全性高、流通 性好、收益更高的现金管理产品，同意具体现金管理方案由公司财务部门提出， 授权财务总监审批。授权期限自董事会审议通过之日起 12 个月内有效。保荐机 构中信建投证券股份有限公司对上述事项出具了明确的核查意见。 一、募集资金基本情况 经上海证券交易所科创板股票上市委员会 2019 年 9 月 30 日审核同意，并经 中国证券监督管理委员会 2019 年 10 月 ...

中国电研 China Electric Institute 股票代码:688128 中国电器科学研究院股份有限公司 2025年度 "提质增效重回报"行动方案 半年度评估报告 CONTENT PART 深耕核心业务领域 强化内生发展动力 PART Page 02-07 深化创新驱动发展 ▲ 加速新质生产力突破 Page 08-09 PART 筑牢公司治理根基 提升规范运作质量 Page 10 PART 加强沟通交流 提升市场认同 Page 11 PART 增加投资者回报 提升投资者获得感 Page 12 强化"关键少数"责任 加强利益共担约束 Page 13-14 中国电器科学研究院股份有限公司 2025年度"提质增效重回报"行动方案半年度评估报告 66 为积极响应上海证券交易所关于开展科创板上市公司"提质增 效重回报"专项行动的倡议，中国电器科学研究院股份有限公司 (以 下简称"中国电研"或"公司")于2025年4月29日发布了《2025年度 "提质增效重回报"行动方案》,并积极落实,现将2025年上半年的主 要进展及工作成果汇报如下: 99 Feb Aug Sep Oct Nov 中国电器科学研究院股份有限 ...

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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2025 年 09 月 10 日(星期三)下午 15:00-16:00 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：上证路演中心网络文字互动 投资者可于 2025 年 08 月 23 日（星期六）至 09 月 03 日（星期三）16:00 前通过公司"投资者问题征集问卷"（https://www.wenjuan.com/s/v2m6FzX）或 扫描下文二维码、投资者关系邮箱（ir@cei1958.com）向公司提问，也可于 2025 年 09 月 03 日（星期三）至 09 月 09 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"栏目进行提问。公司将对投资者普遍关注的问题进行 回答。 中国电器科学研究院股份有限公司（以下简称"公司"）已于 2025 年 8 月 22 日发布公司 2025 年半年度报 ...

证券代码：688128 证券简称：中国电研 公告编号：2025-027 中国电器科学研究院股份有限公司 关于 2025 年半年度募集资金存放、管理与实际使用 情况的专项报告 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、准确性和完整性依法承担法律责任。 一、募集资金基本情况 （一）募集资金金额和资金到账时间 经上海证券交易所科创板股票上市委员会 2019 年 9 月 30 日审核同意，并经 中国证券监督管理委员会 2019 年 10 月 16 日《关于同意中国电器科学研究院股 份有限公司首次公开发行股票注册的批复》（证监许可[2019]1922 号）核准，同 意中国电器科学研究院股份有限公司（以下简称"公司"或"中国电研"）公开 发行人民币普通股 50,000,000 股，发行价格为人民币 18.79 元/股，募集资金总 额为人民币 939,500,000.00 元。本次发行的保荐人（主承销商）中信建投证券 股份有限公司（以下简称"中信建投"或"保荐机构"）已将扣减承销费人民币 66,474,056.60 元（不含增值税）后的资金总额计人民币 873,02 ...

证券代码：688128 证券简称：中国电研 公告编号：2025-029 中国电器科学研究院股份有限公司 第二届监事会第九次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、 监事会会议召开情况 中国电器科学研究院股份有限公司（以下简称"公司"）第二届监事会第九 次会议于 2025 年 8 月 21 日下午在广州市海珠区新港西路 204 号第 1 栋以现场、 视频结合的方式召开，本次会议通知及相关材料已于 2025 年 8 月 11 日以电子邮 件方式送达公司全体监事。本次会议由监事会主席周寅伦先生主持，会议应到监 事三人，实到监事三人，公司副总经理、董事会秘书王柳女士及审计部工作人员 列席了会议。本次会议的召集、召开符合《中华人民共和国公司法》和《公司章 程》的有关规定。 经全体监事审议，一致通过以下议案： （一）审议通过《关于<公司 2025 年半年度报告及摘要>的议案》 公司监事会认为：公司 2025 年半年度报告的编制和审议程序符合相关法律 法规及《公司章程》等内部规章制度的规定；公司 2025 年半 ...

[Definitions](index=4&type=section&id=Item%20I%20Definitions) [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Key Accounting Data and Financial Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved steady performance growth with operating revenue up **12.88%** and net profit attributable to shareholders up **31.28%**, while operating cash flow significantly improved to **262 million Yuan**, primarily due to increased sales collections Key Accounting Data for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 2,329,186,348.42 | 2,063,469,454.24 | 12.88 | | Net Profit Attributable to Listed Company Shareholders (Yuan) | 258,240,054.62 | 196,709,597.18 | 31.28 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) (Yuan) | 246,583,216.40 | 180,630,769.55 | 36.51 | | Net Cash Flow from Operating Activities (Yuan) | 261,925,377.10 | -181,697,980.58 | N/A | | Basic Earnings Per Share (Yuan/share) | 0.64 | 0.49 | 30.61 | | Weighted Average Return on Net Assets (%) | 7.70 | 6.48 | Increased by 1.22 percentage points | - Net profit growth was primarily driven by increased revenue from the electrical equipment business and a year-on-year reduction in impairment losses due to increased sales collections[18](index=18&type=chunk) - Net cash flow from operating activities increased by **444 million Yuan** year-on-year, mainly due to increased sales collections[19](index=19&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Item%20III%20Management%20Discussion%20and%20Analysis) [Industry and Main Business Overview](index=9&type=section&id=I.%20Overview%20of%20Industry%20and%20Main%20Business%20During%20the%20Reporting%20Period) The company, a national-level technology innovation enterprise, operates in quality technical services, electrical equipment, complete sets of equipment, and eco-friendly coatings and resins, with all sectors experiencing favorable market conditions driven by growing demand in smart manufacturing, new energy, and green environmental protection - The company's four major business segments include: quality technical services, electrical equipment, complete sets of equipment, and eco-friendly coatings and resins[24](index=24&type=chunk) [Quality Technical Services](index=9&type=section&id=(I)%20Quality%20Technical%20Services) This high-tech service sector, driven by downstream industry expansion, saw the domestic third-party inspection and testing industry grow to **487.6 billion Yuan** in 2024, with the company holding leading advantages in technology, brand, products, and channels amidst increasing industry consolidation - According to data from the State Administration for Market Regulation, national inspection and testing institutions achieved operating revenue of **487.6 billion Yuan** in 2024, a **4.41% year-on-year increase**, with a significant trend towards industry consolidation and enhanced economies of scale[25](index=25&type=chunk) - The company's quality technical services cover smart homes, smart cars, energy equipment, and other fields, providing **'one-stop' services** throughout the product lifecycle[27](index=27&type=chunk) [Electrical Equipment and Complete Sets of Equipment](index=10&type=section&id=(II)%20Electrical%20Equipment%20and%20Complete%20Sets%20of%20Equipment) This smart manufacturing equipment sector benefits from the green low-carbon trend, with strong demand from lithium battery, renewable energy, and hydrogen industries, as evidenced by a **60.4% increase** in China's battery output in H1 2025, while the company maintains a leading position in new energy battery post-processing systems and smart home appliance factory solutions - In H1 2025, China's cumulative output of power and other batteries reached **697.3 GWh**, a **60.4% year-on-year increase**, providing strong downstream demand for the company's electrical equipment business[30](index=30&type=chunk) - The company is a leading domestic provider of new energy battery post-processing systems and smart home appliance factory solutions, with products exported to over **30 countries and regions** along the 'Belt and Road' initiative[34](index=34&type=chunk)[35](index=35&type=chunk) [Eco-friendly Coatings and Resins](index=12&type=section&id=(III)%20Eco-friendly%20Coatings%20and%20Resins) This advanced petrochemical new materials sector is driven by environmental policies accelerating the 'paint-to-powder' and 'oil-to-water' trends, leading to increased market share for eco-friendly coatings and growth in the powder coating and polyester resin markets in H1 2025, despite intensified competition, with the company being a pioneer in eco-friendly powder coatings with deep technical expertise - The company's eco-friendly coatings and resins products, including polyester resins, powder coatings, and water-based coatings, are experiencing continuous market demand growth driven by environmental trends[37](index=37&type=chunk) - The company's annual polyester resin production ranks among the **top five domestically**, with several powder coating products holding leading technical positions in the industry[38](index=38&type=chunk) [Discussion and Analysis of Operations](index=13&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) In H1 2025, the company's overall operations showed a 'stable and improving' trend, achieving **2.33 billion Yuan** in operating revenue (+12.88%) and **258 million Yuan** in net profit attributable to shareholders (+31.28%), with strategic deployments across business segments, including significant growth in electrical equipment, and continued investment in R&D totaling **182 million Yuan** (+8.70%) leading to multiple internationally advanced technological achievements Operating Performance for H1 2025 | Indicator | Amount | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | 2.33 billion Yuan | 12.88% | | Net Profit Attributable to Listed Company Shareholders | 258 million Yuan | 31.28% | | R&D Investment | 182 million Yuan | 8.70% | - The electrical equipment business performed exceptionally well, achieving substantial growth in both revenue and profit, primarily driven by the concentrated acceptance of large orders for new energy battery post-processing systems[40](index=40&type=chunk) - The complete sets of equipment business faced temporary performance pressure due to long project execution cycles, but as of the end of the reporting period, outstanding orders increased year-on-year, laying the foundation for future performance recovery[41](index=41&type=chunk) - The international standard IEC TS 63457-1:2025, led by the company, was officially released, filling a gap in international standards for household appliance recycling[43](index=43&type=chunk) [Analysis of Core Competencies](index=15&type=section&id=III.%20Analysis%20of%20Core%20Competencies%20During%20the%20Reporting%20Period) The company's core competencies stem from its established corporate culture, leading R&D capabilities, prominent technical standard innovation, unique integrated service offerings, and strong brand reputation, maintaining technological leadership across its four main business areas with continued R&D investment of **182 million Yuan** in H1, an **8.70% increase** - The company's core competencies include: - A long-standing corporate culture of 'harmony, specialization, and pragmatism' - Leading technology and R&D capabilities, with multiple national-level platforms such as national key laboratories - Outstanding technical standard innovation capabilities, having led or participated in the revision of over **1,000 international, national, and industry standards** - Comprehensive service capabilities providing 'full-chain' quality improvement solutions - Strong brand recognition and industry credibility, owning sub-brands like 'CVC Wekai' and 'Qingtian'[44](index=44&type=chunk)[45](index=45&type=chunk)[46](index=46&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) R&D Investment Overview | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total R&D Investment (Yuan) | 181,726,481.71 | 167,179,449.43 | 8.70 | | R&D Investment as % of Revenue | 7.80 | 8.10 | Decreased by 0.30 percentage points | - During the reporting period, the company added **65 new intellectual property rights**, including **19 invention patents**, and led or participated in the formulation and release of **45 international, national, industry, and group standards**[55](index=55&type=chunk) [Risk Factors](index=30&type=section&id=IV.%20Risk%20Factors) The company faces significant risks including rapid technological upgrades, intellectual property protection, quality control, production safety, accounts receivable bad debts, macroeconomic and downstream industry fluctuations, overseas operations, and raw material price volatility, necessitating continuous monitoring of cutting-edge technologies and enhanced IP and quality management - Key risk factors include: - **Technological Risks**: Rapid iteration of new technologies; misjudgment or lower-than-expected market acceptance of new products could impact competitiveness - **Operational Risks**: Potential risks in quality control, production safety, accounts receivable management, and overseas operations - **Market Risks**: Downturns in the macroeconomy, fluctuations in downstream industries (e.g., new energy vehicles), and volatility in bulk raw material prices could adversely affect the company's performance[71](index=71&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk) [Analysis of Assets and Liabilities](index=32&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) As of the reporting period end, total assets slightly increased by **0.84%** to **7.47 billion Yuan**, driven by higher prepayments and construction in progress, while non-current assets due within one year sharply decreased by **96.12%**, and short-term borrowings increased by **111.95%** due to discounted bills Major Balance Sheet Item Changes | Item Name | Current Period End Amount (Yuan) | Change from Prior Year-End (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Prepayments | 260,310,185.52 | 53.30 | Increase in ongoing projects and infrastructure investment | | Non-current Assets Due Within One Year | 7,379,863.86 | -96.12 | Decrease in short-term time deposits held | | Construction in Progress | 140,350,192.03 | 44.91 | Increase in infrastructure project investment | | Other Non-current Assets | 787,267,057.28 | 42.76 | Increase in time deposits held for over one year | | Short-term Borrowings | 75,652,392.72 | 111.95 | Increase in discounted bills not derecognized | [Corporate Governance, Environment, and Society](index=40&type=section&id=Item%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=40&type=section&id=I.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, the company experienced changes in its board, supervisory board, senior management, and core technical personnel, including the departure and election of independent directors, the resignation of the former General Manager Mr. Chen Lixin and appointment of Mr. Sun Junguang, and the retirement of two core technical personnel - Three independent directors, Liu Yihua, Liu Jianhua, and Deng Baitao, resigned due to the expiration of their six-year terms, and Pei Hailong, Wang Yan, and Chen Xiankai were elected as new independent directors[96](index=96&type=chunk) - Chen Lixin resigned as General Manager, and the Board of Directors appointed Sun Junguang as the new General Manager[97](index=97&type=chunk) [Rural Revitalization Initiatives](index=42&type=section&id=V.%20Specific%20Details%20of%20Consolidating%20Poverty%20Alleviation%20Achievements%20and%20Rural%20Revitalization) The company actively fulfills its social responsibilities by consolidating poverty alleviation achievements and supporting rural revitalization through industrial and consumption assistance, including establishing an automated hydroponic facility agriculture demonstration base in Yangxi County, Guangdong Province, and purchasing over **1.5 million Yuan** in agricultural products from designated areas - The company established Yangjiang City's first automated hydroponic facility agriculture demonstration base in Niunan Village, Yangxi County, Yangjiang City, Guangdong Province, a designated assistance area, driving rural revitalization through industrial support[104](index=104&type=chunk) - In H1 2025, the company conducted two consumption assistance initiatives, cumulatively spending over **1.5 million Yuan** to purchase specialty agricultural products from designated assistance areas[104](index=104&type=chunk) [Significant Matters](index=43&type=section&id=Item%20V%20Significant%20Matters) [Significant Litigation and Arbitration Matters](index=50&type=section&id=VII.%20Significant%20Litigation%20and%20Arbitration%20Matters) During the reporting period, the company was involved in a significant lawsuit where the second instance of the case involving subsidiary Qingtian Materials versus He Tao and Yantai Fenglin New Materials Co., Ltd. has been heard and awaits judgment, while a previously disclosed lawsuit with Zhengzhou Bik and Shenzhen Bik companies was settled, with the company receiving the full **20 million Yuan** compensation - The lawsuit involving subsidiary Qingtian Materials against He Tao and Yantai Fenglin New Materials Co., Ltd., concerning **40 million Yuan**, had its second instance hearing on July 31, 2024, and is awaiting judgment[115](index=115&type=chunk)[116](index=116&type=chunk) - The company reached a settlement in its lawsuit with Zhengzhou Bik Company, receiving the full **20 million Yuan** in compensation for losses during the reporting period[117](index=117&type=chunk) [Significant Related Party Transactions](index=51&type=section&id=X.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company engaged in daily operational transactions with related parties, including deposit, loan, and credit facilities with associated financial company Sinomach Finance, with actual daily related party transactions totaling **66.56 million Yuan** in H1 2025, and end-of-period balances of **662 million Yuan** in deposits and **14 million Yuan** in loans with Sinomach Finance - From January 1 to June 30, 2025, the actual amount of daily related party transactions with associated parties was **66.56 million Yuan**[118](index=118&type=chunk) Financial Business with Sinomach Finance (Period-End Balance) | Business Type | Period-End Balance (million Yuan) | | :--- | :--- | | Deposit Business | 66,207.89 | | Loan Business | 1,400.00 | [Progress of Raised Funds Utilization](index=56&type=section&id=XII.%20Explanation%20of%20Progress%20in%20Utilization%20of%20Raised%20Funds) The company's net proceeds from its initial public offering amounted to **863 million Yuan**, with **725 million Yuan** cumulatively invested as of the reporting period end, representing an **84.07%** utilization rate, primarily directed towards R&D, public technical service platforms, Qingtian polyester resin projects, and working capital, with some projects completed or canceled and remaining funds reallocated Overall Utilization of Raised Funds | Item | Amount (million Yuan) | | :--- | :--- | | Net Raised Funds | 86,294.29 | | Total Cumulative Investment as of Reporting Period End | 72,548.35 | | Cumulative Investment Progress (%) | 84.07 | [Share Changes and Shareholder Information](index=60&type=section&id=Item%20VI%20Share%20Changes%20and%20Shareholder%20Information) [Shareholder Information](index=60&type=section&id=(II)%20Table%20of%20Shareholdings%20by%20Top%20Ten%20Shareholders%20and%20Top%20Ten%20Shareholders%20with%20No%20Selling%20Restrictions%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the reporting period end, the company had **10,232 shareholders**, with a relatively concentrated equity structure where China National Machinery Industry Corporation (Sinomach) and Guangzhou Kaitian Investment Management Center (Limited Partnership) are the top two shareholders, holding **47.33%** and **22.66%** respectively, and Sinomach Group and Sinomach Capital acting in concert - As of the end of the reporting period, the total number of ordinary shareholders was **10,232**[145](index=145&type=chunk) Shareholdings of Top Four Shareholders | Shareholder Name | Period-End Shareholding (shares) | Proportion (%) | | :--- | :--- | :--- | | China National Machinery Industry Corporation Limited | 191,430,000 | 47.33 | | Guangzhou Kaitian Investment Management Center (Limited Partnership) | 91,670,000 | 22.66 | | Sinomach Capital Holdings Co., Ltd. | 27,839,883 | 6.88 | | Chint Electrics Co., Ltd. | 21,648,608 | 5.35 | [Bond-Related Information](index=64&type=section&id=Item%20VII%20Bond-Related%20Information) [Financial Report](index=65&type=section&id=Item%20VIII%20Financial%20Report) [Financial Statements](index=65&type=section&id=II.%20Financial%20Statements) The financial statements show the company's total assets steadily grew to **7.47 billion Yuan**, with H1 2025 operating revenue reaching **2.33 billion Yuan** (+12.88%) and net profit of **259 million Yuan**, including **258 million Yuan** attributable to parent company shareholders (+31.28%), while net cash flow from operating activities significantly improved to **262 million Yuan** from **-182 million Yuan** in the prior year Consolidated Balance Sheet Key Data (2025-06-30) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 7,469,354,853.51 | | Total Liabilities | 4,162,631,804.00 | | Total Equity Attributable to Parent Company Owners | 3,280,550,564.48 | Consolidated Income Statement Key Data (Jan-Jun 2025) | Item | Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 2,329,186,348.42 | | Total Profit | 299,581,084.84 | | Net Profit | 258,817,666.62 | | Net Profit Attributable to Parent Company Shareholders | 258,240,054.62 | Consolidated Cash Flow Statement Key Data (Jan-Jun 2025) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 261,925,377.10 | | Net Cash Flow from Investing Activities | -191,410,201.57 | | Net Cash Flow from Financing Activities | -240,212,387.54 | | Cash and Cash Equivalents at Period End | 788,673,246.56 |

证券代码：688128 证券简称：中国电研 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议资料 2025 年 8 月 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议资料 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议资料 2025 年第二次临时股东大会会议资料 目 录 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议须知 .... 2 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议议程 .... 4 议案一 关于选举公司董事的议案 ...................................... 6 1 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议资料 中国电器科学研究院股份有限公司 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 股东大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股东大会规则》以及《中国电器科学研究院股份有限公司章程》等相 关规定，特制定 2025 年第二次临时股东大会 ...