证券代码：688248 证券简称：南网科技 公告编号：2025-033 南方电网电力科技股份有限公司 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 17 日 （二） 股东会召开的地点：广州市越秀区东风东路水均岗粤电大厦 920 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 95 | | --- | --- | | 普通股股东人数 | 95 | | 2、出席会议的股东所持有的表决权数量 | 458,886,941 | | 普通股股东所持有表决权数量 | 458,886,941 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 81.2620 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 81.2620 | （四 ...

Summary of Nanwang Technology Conference Call Company Overview - **Company**: Nanwang Technology - **Industry**: Energy and Power Technology Key Financial Performance - **Revenue Growth**: - Total revenue for the first three quarters reached 20.99 billion, with a slight year-on-year increase of 2.52% in net profit to 2.87 billion [2][3] - Q3 revenue was 6.94 billion, a 25% increase year-on-year [3] - Q3 net profit was 1.12 billion, up 17.82% year-on-year [3] - **Profit Margins**: - Gross profit margin for the power-side testing business was 50.66% [7] - Gross profit margin for the grid-side testing business was 41.23% [7] - Smart monitoring devices had a gross margin of approximately 33% [8] Business Segment Performance - **Testing and Commissioning Services**: - This segment became the largest business unit, contributing 31.44% to total revenue with rapid growth [2][5] - **Smart Monitoring and Equipment**: - Smart monitoring revenue grew over 72%, while smart distribution equipment revenue increased by 3.69% [4][8] - **Energy Storage System Services**: - Revenue decreased by over 30% to 3.97 billion due to project fulfillment cycles, but expected to return to normal growth [6][5] - **Robotics and Drones**: - Revenue fell by over 10% to 1.02 billion, with significant projects won, including a 25 million contract for drone services [9] Project Highlights - **Key Projects**: - Successful execution of major projects in both power-side and grid-side testing, including the Luzhou gas turbine power station and various projects in Vietnam [7] - Awarded the China Electric Power Science Progress Award for the Shaoguan Zengjiang independent energy storage project [6] Strategic Developments - **Formation of Southern Technology Industry Group**: - This group will become the direct controlling shareholder of Nanwang Technology, aimed at enhancing resource allocation and innovation capabilities [10][11] - Focus on developing a new energy production model and modern industrial system [10] Conclusion - **Outlook**: The company is positioned for continued growth with a strong focus on innovation and strategic project execution, despite some challenges in specific segments like energy storage and robotics. The formation of the Southern Technology Industry Group is expected to bolster its competitive edge and operational efficiency [10][11]

Core Viewpoint - The General Aviation ETF managed by E Fund (159255) opened with a decline of 0.50%, priced at 1.003 yuan, indicating a negative market sentiment towards the sector [1] Group 1: ETF Performance - The General Aviation ETF (159255) has a performance benchmark based on the National General Aviation Industry Index return [1] - Since its establishment on July 25, 2025, the ETF has yielded a return of 0.67%, while its return over the past month has been -5.01% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include Wan Feng Ao Wei, which opened down 0.66%, Hongdu Aviation down 0.24%, and Aerospace Rainbow down 0.14% [1] - Other notable declines include Zhongzhi Shares down 0.19%, Zhuhai Guanyu down 0.85%, Huali Chuantong down 1.08%, Yingliu Shares down 0.94%, Nanjing Power Technology down 0.83%, Ruichuang Weina down 0.55%, and China Satellite down 0.90% [1]

Group 1 - The establishment of Nanfang Power Industry Finance Group is a strategic move to promote high-quality development in industrial finance [1] - The group aims to integrate industrial financial services with the energy industry chain, focusing on professional layout, intensive operation, market-oriented operation, and industrial development [1] - Nanfang Power Industry Finance Group will create a financial service platform tailored to the energy industry, enhancing the financial ecosystem and building a high-quality professional financial team [1][2] Group 2 - The establishment of the group is significant as the "14th Five-Year Plan" is nearing completion and the "15th Five-Year Plan" is about to begin [2] - Nanfang Power has emphasized the importance of financial services in its development plans, aiming to support the supply chain with substantial financial backing, including 800 billion yuan in green finance and 1,500 billion yuan in supply chain finance during the "14th Five-Year Plan" [2] - The company has a robust structure with 21 functional departments, 27 subsidiaries, and a total asset value of 13,491 billion yuan, maintaining a strong operational performance and ranking 84th in the Global 500 [2]

Group 1 - The establishment of Nanfang Power Industry Finance Group is a strategic move to promote high-quality development in industrial finance [1] - The group aims to integrate industrial financial services with the energy industry chain, focusing on professional layout, intensive operation, market-oriented operation, and industrial development [1] - Nanfang Power Industry Finance Group will create a financial service platform tailored to the energy industry, enhancing financial risk prevention and supporting the transformation of Nanfang Power Company [1] Group 2 - The establishment of the group is significant as the "14th Five-Year Plan" approaches its end and the "15th Five-Year Plan" begins [2] - Nanfang Power Company has emphasized the importance of industrial finance, with plans to conduct 80 billion yuan in green finance and 150 billion yuan in supply chain finance during the "14th Five-Year Plan" [2] - The company aims to build a world-class enterprise, optimize layout for strategic transformation, and enhance value creation capabilities, all supported by financial services [2] Group 3 - The main goal of state-owned enterprise reform is to build globally competitive industrial clusters that efficiently allocate resources [3] - State-owned enterprises are enhancing capital operation and value management capabilities, utilizing advanced management concepts and financial methods to strengthen their operations [3] - The positive cycle of "technology-finance-industry" is expected to play a greater strategic role as reforms deepen [3]

Core Insights - The report highlights the performance of the domestic financial market, with the Shanghai Composite Index closing at 4002.76, down 0.39% [4] - The retail sales of new energy passenger vehicles reached 1.282 million units in October, marking a year-on-year increase of 7.3% and a cumulative retail of 10.151 million units from January to October, reflecting a growth of 21.9% [6] - The report discusses the increasing market scale in the express delivery industry, indicating a seasonal growth trend [8] Industry Updates - Multiple departments have jointly issued documents to promote the open interconnection of enterprise logistics data, with related stocks including SuperMap Software (300036) and Hezhong Shizhuang (002383) [8] - Two departments have issued documents to strengthen the technological innovation support for new energy consumption, with related stocks including Southern Power Grid Technology (688248) and Oriental Electronics (000682) [8] - The express delivery industry is showing signs of seasonal characteristics, with accelerated market growth and related stocks including YTO Express (600233) and Shentong Express (002468) [8] Company Focus - Maiwei Biotech (688062) has received approval from the National Medical Products Administration for a Phase II clinical trial application for its MW3811 injection for pathological scars, with trials expected to start by the end of 2025 [10] - Zhongbei Communication (603220) has signed a comprehensive service framework agreement with Xiamen Hongxin Electronic Technology Group to collaborate on computing resource services [10] - Chaoying Electronics (603175) plans to expand its AI computing high-end printed circuit board production project in Thailand [10] Market Review and Outlook - On November 11, the total trading volume in the two markets was 1.9936 trillion yuan, with 2631 stocks rising and 2380 stocks falling, indicating a net outflow of 76.83 billion yuan [12] - The report notes that the market is experiencing a weak recovery with a focus on speculative trading, while trends in battery and photovoltaic sectors show relative resilience [13] - The report suggests that if the market experiences a pullback, investors may consider low-risk opportunities in resilient sectors for trial trading [13]

Core Viewpoint - The news highlights the recent trading activity and financial performance of Southern Power Grid Technology Co., Ltd., indicating a mixed outlook with significant financing activity and slight revenue decline [1][2]. Financing Activity - On November 11, Southern Power Grid Technology experienced a financing buy-in of 24.57 million yuan, with a net buy of 2.86 million yuan after repayments [1]. - The total financing balance reached 334 million yuan, accounting for 3.03% of the circulating market value, which is above the 80th percentile of the past year [1]. - The company also reported a securities lending activity with 800 shares repaid and 37,200 shares sold, totaling 1.81 million yuan in sales [1]. Company Overview - Southern Power Grid Technology, established on February 22, 1988, and listed on December 22, 2021, is based in Guangzhou, Guangdong Province [2]. - The company specializes in clean energy technology and new-generation information technology, providing comprehensive solutions that include "technical services + smart devices" [2]. - The revenue composition includes testing and commissioning services (31.99%), energy storage system services (23.42%), smart distribution and power supply equipment (21.51%), and other segments [2]. Financial Performance - For the first nine months of 2025, the company reported a revenue of 2.099 billion yuan, a slight decrease of 0.51% year-on-year, while the net profit attributable to shareholders increased by 2.52% to 287 million yuan [2]. - Cumulatively, the company has distributed 370 million yuan in dividends since its A-share listing, with 322 million yuan in the last three years [3]. Shareholder Composition - As of September 30, 2025, the number of shareholders decreased by 13.69% to 9,626, while the average circulating shares per person increased by 15.86% to 23,727 shares [2]. - Notable institutional shareholders include the E Fund National Robot Industry ETF and the Huaxia CSI Robot ETF, with significant holdings and changes in positions [3].

Group 1 - The National Development and Reform Commission and the National Energy Administration released guidelines to promote the consumption and regulation of renewable energy, emphasizing the need for technological innovation in renewable energy consumption [1] - The guidelines highlight the integration of advanced technologies such as artificial intelligence, big data, and cloud computing as core supports for renewable energy consumption innovation [1] - The measures aim to enhance the electricity system's capacity for renewable energy consumption, regulatory resilience, and operational efficiency, laying a technical and institutional foundation for achieving carbon neutrality goals and building a new power system [1] Group 2 - Nanfang Technology focuses on digitalization of the power grid, flexible operation and maintenance, and diversified interaction between sources and loads, leveraging the "Silk Road InOS" operating system to form an industrial cluster for smart electricity and smart distribution [2] - Dongfang Electronics is comprehensively laying out distributed photovoltaic equipment, smart microgrids, integrated source-load-storage systems, centralized power generation, and energy management systems, positioning itself as a key technology supplier in the integrated source-load-storage and AI smart grid sectors [2]

Core Insights - On November 6, Nanfang Electric Power Technology Co., Ltd. (南网科技) experienced a stock price increase of 0.20% with a trading volume of 220 million yuan [1] - The company reported a financing buy-in amount of 13.77 million yuan and a financing repayment of 16.04 million yuan, resulting in a net financing outflow of 2.27 million yuan on the same day [1] - As of November 6, the total margin balance for Nanfang Electric Power was 336 million yuan, indicating a high level of financing activity [1] Financial Performance - For the period from January to September 2025, Nanfang Electric Power achieved a revenue of 2.099 billion yuan, reflecting a year-on-year decrease of 0.51% [2] - The company's net profit attributable to shareholders was 287 million yuan, showing a year-on-year increase of 2.52% [2] Business Composition - The main business revenue composition includes: - Testing and commissioning services: 31.99% - Energy storage system technology services: 23.42% - Intelligent distribution and power supply equipment: 21.51% - Intelligent monitoring equipment: 11.11% - Robotics and drones: 7.23% - Others: 4.69% [2] Shareholder Structure - As of September 30, 2025, the number of shareholders for Nanfang Electric Power was 9,626, a decrease of 13.69% from the previous period [3] - The average circulating shares per person increased by 15.86% to 23,727 shares [2][3] - Notable institutional shareholders include: - E Fund National Robot Industry ETF (新进股东) holding 5.6186 million shares - Huaxia CSI Robot ETF increasing its holdings by 872,000 shares to 4.6648 million shares [3]

Group 1 - The company will hold a performance briefing on November 14, 2025, from 15:30 to 16:30 to discuss its Q3 2025 results and financial status [2][3] - The briefing will be conducted via video and text interaction, allowing investors to engage and ask questions within the scope of information disclosure [2][3] - Key company representatives attending the meeting include Chairman Jiang Hailong, Chief Accountant Ye Minna, and Secretary Zhao Ziyi [3] Group 2 - Investors can participate in the performance briefing through various platforms, including an app, a mini-program, and a PC website [4][5] - A dedicated phone line will be available for both domestic and international participants to join the meeting [6] - After the briefing, investors can access the main content and outcomes of the meeting through the designated financial platform [6][7]