Core Viewpoint - Ningxia Guoyun New Energy Co., Ltd. has successfully completed a major asset restructuring, transitioning from traditional manufacturing to the renewable energy sector, becoming the only listed platform for renewable energy generation in the Ningxia Hui Autonomous Region [1][2]. Group 1: Major Asset Restructuring - The asset restructuring plan was approved by the regional state-owned assets supervision and administration commission and was passed by the company's shareholders on July 11, 2025 [2]. - The transaction involved the disposal of the original bearing manufacturing business and the acquisition of 100% equity in Ningxia Electric Power New Energy Co., Ltd., which focuses on wind, solar, and energy storage projects [2]. Group 2: Significant Improvement in Operating Performance - For the first three quarters of 2025, the company reported revenue of 504 million yuan, a year-on-year increase of 7.74%, and a net profit attributable to shareholders of 118 million yuan, up over 500% [3]. - Operating cash flow increased by 105.47% year-on-year, driven by the expansion of the renewable energy generation segment and the disposal of old assets in the bearing sector, contributing 109 million yuan to profits [3]. - Total assets reached 9.536 billion yuan, a 67.19% increase from the previous year, primarily due to the consolidation of new energy assets [3]. Group 3: Strategic Positioning and Future Outlook - Post-restructuring, the company aims to leverage Ningxia's abundant solar and wind resources to accelerate the integration of wind and solar projects [4]. - The company plans to promote energy collaboration and "green electricity direct supply" models, expanding the application of renewable energy in digital infrastructure [4]. - The restructuring marks a significant milestone, positioning the company as a key player in the renewable energy sector and a model for green energy development in China [4].

截至本公告披露日，公司已收到上述全部分红款。上述 利润分配将增加公司 2025 年度母公司报表净利润，但不增 加公司 2025 年度合并报表净利润。因此，该分红事项不会 影响公司 2025 年度整体经营业绩。敬请广大投资者注意投 资风险。 证券代码：000595 证券简称：*ST 宝实 公告编号：2025-120 宁夏国运新能源股份有限公司 关于收到全资子公司分红款的公告 本公司及董事会全体成员保证信息披露的内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 宁夏国运新能源股份有限公司（以下简称"公司"）近日 收到全资子公司宁夏电投新能源有限公司（以下简称"电投 新能源"）现金分红款，具体情况如下： 经电投新能源股东审议决定，同意电投新能源按照截至 2024 年 末 经 审 计 可 供 分 配 利 润 的 70% ， 对 应 金 额 43,084,668.85 元，以现金方式对股东进行分配。 1 特此公告。 宁夏国运新能源股份有限公司 董事会 2025 年 10 月 29 日 ...

Core Viewpoint - The company has undergone a significant asset restructuring involving the exchange of assets with Ningxia Electric Power Investment Group, which includes the acquisition of 100% equity in Ningxia Electric Power New Energy Co., Ltd. [5][6] Financial Data - The company reported a net profit of 46,300,950.87 yuan from the merged entity during the reporting period, compared to 30,066,217.03 yuan in the previous period [7]. - The financial report for the third quarter has not been audited [7]. Asset Restructuring - The company approved a major asset swap on June 6, 2025, involving the exchange of all assets and liabilities except for certain retained assets with Ningxia Electric Power Investment Group [5]. - The restructuring was approved by the Ningxia Hui Autonomous Region State-owned Assets Supervision and Administration Commission on July 4, 2025, and subsequently ratified by the company's shareholders on July 11, 2025 [5][6]. Accounting Adjustments - Due to the asset restructuring, the company will retrospectively adjust its financial data for the current and previous periods in accordance with relevant accounting standards [6].

Core Viewpoint - *ST Baoshi (000595.SZ) reported a year-on-year increase in revenue and net profit for the third quarter of 2025, indicating positive financial performance and growth potential [1] Financial Performance - The company's operating revenue reached 168 million yuan, representing a year-on-year increase of 3.91% [1] - The net profit attributable to shareholders was 5.2356 million yuan, showing a significant year-on-year increase of 114.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.1727 million yuan, reflecting a year-on-year increase of 117.97% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥168,496,950.08, representing a 3.91% increase compared to ¥162,163,314.20 in the same period last year[4] - Net profit attributable to shareholders was ¥5,235,618.60, a significant turnaround from a loss of ¥36,357,517.40, marking a 114.40% increase year-over-year[4] - The net cash flow from operating activities for the year-to-date period was ¥363,960,798.66, an increase of 105.47% compared to a loss of ¥28,730,163.44 in the previous year[4] - Basic earnings per share improved to ¥0.005 from a loss of ¥0.03, reflecting a 114.40% increase[4] - The company reported a significant increase in net profit attributable to shareholders for the year-to-date period, reaching ¥117,832,862.13, up 501.36% from a loss of ¥29,358,482.15[4] - The company reported a net profit increase, with income tax expenses rising by 52.93% to approximately ¥10.13 million, reflecting higher profits from the renewable energy segment[9] - Net profit for the current period reached ¥123,201,445.33, a significant recovery from a net loss of ¥26,946,400.01 in the previous period[20] - Operating profit improved to ¥133,390,212.44 compared to an operating loss of ¥22,719,737.08 last year[20] - The company reported a total comprehensive income of ¥123,201,445.33, recovering from a loss of ¥26,946,400.01[20] - Basic and diluted earnings per share were both ¥0.10, a recovery from a loss of ¥0.03 per share in the previous period[20] Asset and Liability Management - Total assets at the end of the reporting period were ¥9,536,236,170.66, a 67.19% increase from ¥5,703,877,175.07 at the end of the previous year[4] - The company reported a significant increase in total assets, with fixed assets rising by 128.89% to approximately ¥6.48 billion due to new projects in the renewable energy sector[8] - Total assets increased to ¥9,536,236,170.66 from ¥5,703,877,175.07, reflecting a growth of approximately 67.5%[16] - Total liabilities rose to ¥8,392,021,884.54 from ¥4,267,119,935.42, an increase of about 96.5%[16] - The company's total equity decreased to ¥1,144,214,286.12 from ¥1,436,757,239.65, a decline of approximately 20.3%[16] Cash Flow and Financing - Cash flow from operating activities increased to ¥363,960,798.66, up from ¥177,132,390.79 in the previous period[22] - The company raised ¥284,500,000.00 from minority shareholders during the current period, compared to ¥80,000,000.00 in the previous period[22] - Total cash inflow from financing activities was ¥4,359,219,188.62, significantly higher than ¥737,237,364.00 in the prior year[22] - The company incurred interest expenses of ¥82,734,315.38, an increase from ¥74,325,258.79 in the previous period[20] Operational Efficiency - The company has undergone a significant restructuring, which was approved by the local government and shareholders, aimed at enhancing operational efficiency and market position[7] - The company has no sales expenses in the renewable energy segment, which contributed to overall cost efficiency[9] - Total operating costs decreased to ¥485,127,335.16 from ¥494,030,457.71, showing a reduction of about 1.8%[18] - Operating costs specifically for goods sold were ¥330,514,156.81, down from ¥360,089,465.68, indicating a decrease of approximately 8.2%[18] Receivables and Payables - Accounts receivable decreased by 98.57% to approximately ¥584 million, attributed to cash settlements in the renewable energy business[8] - Accounts receivable decreased to ¥525,766,633.72 from ¥726,873,943.52, a reduction of about 27.6%[14] - The company experienced a 266.44% increase in accounts payable, reaching approximately ¥1.18 billion, primarily due to payable engineering costs from new projects in the renewable energy sector[8] Research and Development - Research and development expenses for the period were ¥2,862,518.14, down from ¥4,437,707.55, indicating a decrease of about 35.5%[18] Non-Recurring Items - Non-recurring gains and losses for the reporting period amounted to ¥62,936.68, contributing to the overall financial performance[5] - The company’s capital reserve decreased by 50.93% to approximately ¥704 million due to retrospective adjustments related to the renewable energy segment[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,877, with the largest shareholder holding 34.99% of the shares[11]

证券代码：000595 证券简称：*ST 宝实 公告编号：2025-118 宁夏国运新能源股份有限公司 关于取消监事会、监事的公告 截至本公告披露日，张玉礼先生、任振华先生和付震先 生未持有公司股份，不存在应当履行而未履行的承诺事项。 1 公司对张玉礼先生、任振华先生和付震先生在任期间对公司 经营发展做出的贡献表示衷心的感谢！ 特此公告。 宁夏国运新能源股份有限公司 董事会 2025 年 10 月 16 日 本公司及董事会全体成员保证信息披露的内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 宁夏国运新能源股份有限公司（以下简称"公司"）于 2025年9月29日召开第十届董事会第二十五次会议、于2025 年 10 月 15 日召开 2025 年第六次临时股东会，审议通过了 《关于取消监事会并修订<公司章程>的议案》。 根据《中华人民共和国公司法》及中国证券监督管理委 员会《关于新<公司法>配套制度规则实施相关过渡期安排》 《上市公司章程指引》等相关规定，本次《公司章程》修订 后，公司不再设置监事会，《监事会议事规则》相应废止， 各项制度中涉及监事会、监事的规定不再适用，监事会职权、 职责由公司董事 ...

证券代码：000595 证券简称：*ST 宝实 公告编号：2025-117 宁夏国运新能源股份有限公司 2025 年第六次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会无增加、变更、否决提案的情况。 2.本次股东会未涉及变更前次股东会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间： （1）现场会议召开时间：2025 年 10 月 15 日（星期三） 15:00。 （2）深圳证券交易所交易系统投票时间：2025 年 10 月 15 日 9：15-9：25、9:30-11:30、13:00-15:00。 （3）互联网投票时间：2025 年 10 月 15 日 9:15-15:00 期间的任意时间。 2.现场会议召开地点： 通 过 现 场 和 网 络 投 票 的 股 东 329 人 ， 代 表 股 份 345,979,615 股，占公司有表决权股份总数的 30.3849％。 5.会议主持人：鉴于公司董事长张怀畅先生因公务安排 无法主持会议，根据《公司章程》的规定，经出席本次会议 的全体董事共 ...

国浩律师（银川）事务所 关 于 宁夏国运新能源股份有限公司 2025 年第六次临时股东会 的 法律意见书 宁夏银川市金凤区北京中路 166 号德宁国际中心 28/29 层 邮编：750004 28-29th Floor, Dening International Center, No.166 Beijing Middle Road, Jinfeng District, Yinchuan City, Ningxia 电话/Tel：+86 951 6011966 传真/Fax：+86 951 6011012 网址/Website：http://www.grandall.com.cn 2025 年 10 月 法律意见书 国浩律师（银川）事务所 关于宁夏国运新能源股份有限公司 2025 年第六次临时股东会的法律意见书 GHFLYJS[2025]520 号 致：宁夏国运新能源股份有限公司 国浩律师（银川）事务所（以下简称"本所"）是一家在宁夏具有中华人民 共和国法律执业资格的律师事务所。本所接受宁夏国运新能源股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股 ...

Group 1 - The core point of the article is that Ningxia Guoyun New Energy Co., Ltd. (stock code: 000595, stock abbreviation: *ST Baoshi) has approved an organizational restructuring to enhance corporate governance and operational efficiency during its 25th meeting of the 10th board of directors held on September 29, 2025 [1][3] - The restructuring is expected to lead to breakthroughs in corporate governance and operational efficiency for *ST Baoshi, making the company's future development dynamics a point of interest for the market [3]

宁夏国运新能源股份有限公司 关于召开 2025 年第六次临时股东会的通知 证券代码：000595 证券简称：*ST 宝实 公告编号：2025-116 本公司及董事会全体成员保证信息披露的内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、召开会议基本情况 （一）会议届次：2025 年第六次临时股东会。 （二）会议召集人：公司董事会。 （三）会议召开合法合规性：召集程序符合《公司法》等 有关法律法规、部门规章、规范性文件和《公司章程》的规定。 （四）召开时间 现场会议召开时间：2025 年 10 月 15 日（星期三）15:00。 网络投票时间：2025 年 10 月 15 日（星期三） 其中：通过深圳证券交易所交易系统进行网络投票的具体 时间为：2025 年 10 月 15 日9：15-9：25、9:30-11:30、13:00-15:00。 通过互联网投票系统进行网络投票的具体时间为：2025 年 10 月 15 日 9:15-15:00 期间的任意时间。 （五）股权登记日：2025年10月10日（星期五） （六）召开方式：本次股东会采取会议现场投票和网络投 票相结合的方式，如果同一表决权出现 ...