Investment Overview - The company plans to invest in the construction of a 240MW/480MWh energy storage power station project in Lingwu, Ningxia, with a total investment of approximately RMB 372.98 million [1][2] - The funding sources for the project include local government special bonds, self-owned funds, and financing from financial institutions [1] Project Details - The energy storage station will consist of 48 units, each with a capacity of 5MW/10MWh, including energy storage battery cabins and inverters [2] - The project site is located within the 1GW photovoltaic area in Lingwu City, Ningxia [2] - The internal rate of return after tax is projected at 3.36%, with a capital return rate of 5.00%, and a payback period of 17.64 years [2] Purpose and Impact - The project aims to enhance the company's renewable energy generation capacity and overall profitability, aligning with regional policies promoting renewable energy development [3] - It is part of the company's strategy to build a modern energy industry system that is "clean, low-carbon, safe, and efficient" [3] Project Risks - The project is subject to uncertainties related to land acquisition, environmental impact assessments, and grid connection design, which may affect the construction timeline [4] - Market and policy changes, as well as funding challenges, could lead to fluctuations in expected revenue and project costs [4]

Investment Overview - The company has approved the investment in the Yanchi Gaosha Wo 320MW/640MWh energy storage project to enhance its renewable energy generation capacity and overall profitability [1][2] - The total investment for the project is approximately RMB 492.33 million, funded through local government special bonds, self-funding, and financing from financial institutions [1] Project Details - The energy storage station will consist of 64 units of 5MW/10MWh storage units, including storage battery cabins and inverters [2] - The project is located in Gaosha Wo Town, Yanchi County, Wuzhong City, Ningxia Hui Autonomous Region [2] - The financial internal rate of return after tax is 3.41%, with a capital internal rate of return of 5.16%, and a payback period of 17.59 years [2] Purpose and Impact - The project aligns with the regional policy to develop renewable energy and aims to build a modern energy industry system that is "clean, low-carbon, safe, and efficient" [2] - It is expected to significantly increase the company's renewable energy installed capacity, thereby enhancing its revenue and overall profitability [2] Project Approval and Next Steps - The investment does not constitute a related party transaction or a major asset restructuring as per regulations [2] - The project requires approval from the company's shareholders before proceeding [2]

Investment Overview - The company plans to invest in the construction of the Zhongwei Yingshuqiao 80MW/160MWh energy storage project to enhance its renewable energy generation capacity and overall profitability [1][2] - The total investment for the project is approximately RMB 145.23 million, funded by local government special bonds, self-owned funds, and bank loans [1][2] Project Details - The energy storage station will consist of 8 sets of 5MW/5MWh and 8 sets of 5MW/15MWh storage units, including battery cabins and inverters [2] - The project site is located in Yingshuqiao Town, Shapotou District, Zhongwei City, Ningxia [2] - The financial internal rate of return after tax is 2.54%, with a capital internal rate of return of 2.52%, and the investment payback period is estimated at 18.66 years [2] Purpose and Impact - The project aligns with the regional government's initiative to develop renewable energy and aims to build a "clean, low-carbon, safe, and efficient" modern energy industry system [2] - It is expected to significantly increase the company's renewable energy capacity, revenue scale, and overall profitability [2]

Core Viewpoint - The announcement details the signing of a management entrustment agreement between Baota Industrial Co., Ltd. and its controlling shareholder Ningxia Guoyou Capital Operation Group Co., Ltd., which involves the management of several renewable energy projects to avoid competition issues [1][13]. Summary by Sections 1. Overview of Related Transactions - The management entrustment agreement allows Ningxia Guoyou to entrust its renewable energy projects to Baota Industrial and its wholly-owned subsidiary Ningxia Electric Power Investment New Energy Co., Ltd. The annual management fee for the entrusted projects is set at 1 million yuan [1][12]. 2. Basic Information of Related Parties - Ningxia Guoyou Capital Operation Group Co., Ltd. is a state-owned enterprise with a registered capital of 3 billion yuan, primarily engaged in investment and related businesses [2]. - Ningxia Electric Power Investment Group Co., Ltd. has a registered capital of approximately 2.24 billion yuan and focuses on investment in the power sector [3]. - Ningxia Electric Power Investment Co., Ltd. is a wholly-owned subsidiary of Ningxia Electric Power Investment Group, established in 2015, with total assets of approximately 255.4 million yuan as of the end of 2024 [4]. 3. Basic Information of Entrusted Projects - The entrusted projects include: - 51% equity of Ningguo Energy (Yanchi County) Co., Ltd., which owns a solar project with a capacity of 850,000 kW [6]. - 51% equity of Ningguo Energy (Zhongning) Co., Ltd., which owns a wind-solar hybrid project with a capacity of 1 million kW [7]. - 100% equity of Ningxia Electric Power Salt Lake New Energy Co., Ltd., which owns a 750 MW wind-solar hybrid project [9]. - 100% equity of Ningxia Electric Power Yongli (Zhongwei) New Energy Co., Ltd., which owns a 3 million kW solar base project [10]. 4. Pricing Policy and Basis for Related Transactions - The pricing for the management entrustment is based on fair and reasonable principles, with the management fee set at 1 million yuan per year for each entrusted project [12][13]. 5. Main Content of the Entrustment Agreement - The agreement outlines the rights and responsibilities of both parties, including management rights, supervision rights, and the ability to appoint directors and senior management for the entrusted companies [11][12]. 6. Purpose and Impact of the Related Transactions - The transaction aims to resolve competition issues between Ningxia Guoyou and the company, aligning with the interests of the company and all shareholders, without adversely affecting the company's financial status or operational results [13][14].

Core Viewpoint - The company *ST Baoshi plans to expand its renewable energy generation capacity by investing approximately 1.011 billion yuan in three energy storage projects [1] Group 1: Investment Projects - The company intends to construct the Lingwu Majiatang 240MW/480MWh energy storage project [1] - The company plans to develop the Yanchi Gaoshaowo 320MW/640MWh energy storage project [1] - The company aims to build the Zhongwei Yingshuijiao 80MW/160MWh energy storage project [1] Group 2: Financial Overview - The total investment for the aforementioned projects is estimated to be around 1.011 billion yuan [1]

Core Viewpoint - Company *ST Baoshi (000595.SZ) announced plans for significant investments in multiple energy storage projects through its subsidiaries, indicating a strategic focus on expanding its renewable energy capabilities [1] Group 1: Investment Projects - The subsidiary Ningguo Yunzhongwei New Energy Co., Ltd. plans to invest in the Ningguo Yunzhongwei New Energy Co., Ltd. Ying Shui Qiao 80MW/160MWh energy storage project with a total investment of approximately RMB 145.23 million [1] - The subsidiary Ningguo Yun New Energy (Lingwu) Co., Ltd. intends to invest in the Lingwu Majia Tan 240MW/480MWh energy storage project with a total investment of approximately RMB 372.98 million [1] - The subsidiary Ningguo Yun New Energy (Yanchi) Co., Ltd. is set to invest in the Yanchi Gao Sha Wo 320MW/640MWh energy storage project with a total investment of approximately RMB 492.33 million [1]

Core Viewpoint - The company *ST Baoshi (000595)* is planning to invest in multiple energy storage projects through its subsidiaries, indicating a strategic focus on renewable energy and energy storage solutions [1] Investment Projects - The subsidiary Ningguo Yunzhongwei New Energy Co., Ltd. is set to invest approximately RMB 145.23 million in the Ningguo Yunzhongwei New Energy Co., Ltd. Ying Shui Qiao 80MW/160MWh energy storage project [1] - The subsidiary Ningguo Yun New Energy (Lingwu) Co., Ltd. plans to invest around RMB 372.98 million in the Lingwu Majia Tan 240MW/480MWh energy storage project [1] - The subsidiary Ningguo Yun New Energy (Yanchi) Co., Ltd. intends to invest about RMB 492.33 million in the Yanchi Gao Sha Wo 320MW/640MWh energy storage project [1]

Group 1 - The company *ST Baoshi announced the resignation of Mr. Xiu Jun Cheng from his position as an employee director due to work reasons, effective upon delivery of his resignation report to the board of directors [2] - After resigning, Mr. Xiu Jun Cheng will no longer hold any position within the company [2] - For the year 2024, the revenue composition of *ST Baoshi is as follows: 77.62% from the machinery manufacturing industry and 22.38% from other industries [2]

Core Viewpoint - *ST Baoshi announced the convening of its 23rd meeting of the 10th board of directors on August 11, 2025, to review proposals including related party transactions [2] Company Summary - For the fiscal year 2024, *ST Baoshi's revenue composition is as follows: 77.62% from the machinery manufacturing sector and 22.38% from other industries [2]

一、关联交易概述 1.根据公司控股股东宁夏国有资本运营集团有限公司 （以下简称"宁国运"）在公司重大资产重组期间出具的《关 于避免同业竞争的承诺》，宁国运作为上市公司控股股东期 间，宁国运及宁国运控制的相关企业同意将其所属新能源电 站项目托管给公司及/或公司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"）。本次公司全资子公司电 投新能源与宁国运及其下属企业签署的《委托管理协议》， 各被托管标的委托管理费用为 100 万元/年。本次委托管理的 标的公司具体为宁国运持有的宁国运浩能新能源（盐池县） 1 有限公司 51%股权、宁国运持有的宁国运新能源（中宁）有 限公司 51%股权、宁夏电力投资集团有限公司（以下简称"电 投集团"）持有的宁夏电投盐池新能源有限公司 100%股权、 宁夏电投永利能源有限公司（以下简称"电投永利"）持有的 宁夏电投永利（中卫）新能源有限公司 100%股权。 证券代码：000595 证券简称：*ST 宝实 公告编号：2025-096 宝塔实业股份有限公司关于 签署《委托管理协议》暨关联交易的公告 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 ...