证券代码：000958 证券简称：电投产融 公告编号：2025-054 国家电投集团产融控股股份有限公司 关于参加 2025 年河北辖区上市公司投资者 网上集体接待日暨 2025 年半年报集体业绩 说明会的公告 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。 为进一步加强与投资者的互动交流，国家电投集团产融 控股股份有限公司（简称公司）将参加由河北省上市公司协 会联合深圳市全景网络有限公司举办的"2025 年河北辖区上 市公司投资者网上集体接待日暨 2025 年半年报集体业绩说 明会"，现将相关事项公告如下。 - 2 - - 1 - 特此公告。 国家电投集团产融控股股份有限公司 董 事 会 2025 年 9 月 10 日 本次活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站(http://www.rs.p5w.net)，或关注微信公众 号"全景财经"，或下载全景路演 APP，参与本次互动交流， 活动时间为 2025 年 9 月 15 日(周一)15:00-17:00。届时将在 线就公司治理、发展战略、经营状况和可持续发展等问题， 与投资者进行沟通交 ...

Group 1 - The company is currently advancing a major asset restructuring, divesting its existing financial business and acquiring high-quality nuclear power assets primarily engaged in the construction, operation, and management of nuclear power plants [1] - The listed company will become the integration platform for nuclear power operation assets of the State Power Investment Corporation [1] - The company has not yet ventured into the field of controllable nuclear fusion technology [1]

证券代码：000958 证券简称：电投产融 国家电投集团产融控股股份有限公司 2025 年半年度业绩说明会 投资者活动记录表 编号：2025-002 投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □电话会议 □其他： （请文字说明其他活动内容） 参与单位 名称及 人员姓名 电投产融2025年半年度业绩说明会采用网络远程方式进 行，面向全体投资者 时间 2025 年 8 月 29 日 15:00-17:00 地点 深圳证券交易所"互动易平台"http://irm.cninfo.com.c n"云访谈"栏目 公司接待 主持人：电投产融 | 人员姓名 | 董事长：冯俊杰 | | --- | --- | | | 副总经理、总会计师：孙艳军 | | | 董事会秘书：孙锐 | | | 董事：王浩 | | | 独立董事：何平林 | | | 独立董事：胡三高 | | | 独立董事：韩杰 | | | 1.核能供暖的"暖和一号"是否已经投产运营了？ | | | 答：尊敬的投资者，您好！"暖核一号"核能供热一期工 | | | 程供热能力 3.15 万千瓦，于 2 ...

Core Viewpoint - The company is currently advancing a significant asset restructuring, transitioning from existing financial operations to integrating high-quality nuclear power assets, positioning itself as a platform for the integration of nuclear power operations under the State Power Investment Corporation [1][2][3]. Group 1: Asset Restructuring - The company is in the process of a major asset restructuring, which involves divesting its current financial business and acquiring nuclear power assets [1]. - The restructuring is progressing in an orderly manner and requires approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2][3]. Group 2: Financial Performance and Impact - Current fluctuations in financial performance are not expected to hinder the substantive progress of the restructuring [2]. - The company emphasizes compliance with legal and regulatory requirements throughout the restructuring process [3]. Group 3: Shareholder Returns - The company has completed its profit distribution for the 2024 fiscal year and will consider various factors when formulating future profit distribution plans [4]. - The profit distribution policy aims to maintain continuity and stability, adhering to regulatory guidelines [4]. Group 4: Trading Information - On August 25, the company experienced a net outflow of main funds amounting to 89.06 million yuan, which accounted for 13.64% of the total transaction volume [5]. - Retail investors showed a net inflow of 58.84 million yuan, representing 9.01% of the total transaction volume [5].

Group 1 - The company is currently advancing a major asset restructuring, divesting its existing financial business and acquiring high-quality nuclear power assets primarily engaged in the construction, operation, and management of nuclear power plants [2] - The listed company will become the integration platform for the nuclear power operation assets of the State Power Investment Corporation [2] - The company is enhancing and supplementing the response document to the "Review Inquiry Letter" in accordance with the opinions of the Shenzhen Stock Exchange [2] Group 2 - The major asset restructuring is progressing in an orderly manner and will require approval from the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission, along with other necessary legal approvals [2] - The company is committed to advancing the restructuring in compliance with laws and regulations and will fulfill its information disclosure obligations as required [2] - Stakeholders are advised to pay attention to the company's subsequent announcements regarding the restructuring [2]

Core Viewpoint - The financial performance of the company has shown a decline in net profit and revenue, indicating potential challenges in its operations and profitability [1][2]. Financial Performance Summary - The company's total revenue for the reporting period was 2.665 billion yuan, a decrease of 3.76% year-on-year [1]. - The net profit attributable to shareholders was 459 million yuan, reflecting a year-on-year decline of 13.41% [1]. - The gross margin was reported at 33.76%, an increase of 4.11% year-on-year, while the net margin decreased by 15.11% to 25.36% [1]. - Total expenses (selling, administrative, and financial) amounted to 446 million yuan, accounting for 16.73% of revenue, which is an increase of 6.39% year-on-year [1]. - Earnings per share were 0.09 yuan, down 13.41% year-on-year, and operating cash flow per share was also down by 53.69% to 0.09 yuan [1]. Changes in Financial Items - Cash and cash equivalents increased by 30.13% due to the recovery of investments [2]. - Accounts receivable rose by 12.55% due to an increase in new energy subsidies [2]. - Construction in progress decreased by 67.4% as the "Yuelong Phase II 50 MW Wind Power Project" was completed [2]. Borrowing and Cash Flow - Short-term borrowings increased by 24.01% to enhance liquidity [3]. - Contract liabilities decreased by 72.29% as pre-collected heating fees reduced after the heating season [4]. - Net cash flow from operating activities decreased by 53.69% due to a net increase in trading financial assets, leading to cash outflows [4]. - Net cash flow from investing activities increased by 55.31% due to a decrease in new financial asset investments compared to the previous year [4]. - Net cash flow from financing activities surged by 342.9% due to increased external borrowings influenced by infrastructure project payment cycles [5]. Business Evaluation - The company's return on invested capital (ROIC) was 4.3%, indicating weak capital returns, with a net profit margin of 29.23% suggesting high value-added products or services [5]. - Historical data shows a median ROIC of 4.69% over the past decade, with five years of losses since its listing [5]. - The company has a healthy cash asset position, but the accounts receivable to profit ratio has reached 443.13%, warranting attention [5].

Core Insights - The overall activity level of the A-share merger and acquisition market in China has slightly decreased, characterized by high frequency, diverse participants, and broad sectors [1] - A total of 80 merger and acquisition events were disclosed during the period, with a total transaction amount of 601.88 billion RMB, showing a significant increase in both the number and value of major M&A events compared to the previous period [2] - The real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts sectors are particularly active in M&A activities [2][3] - Private enterprises and local state-owned enterprises are actively engaging in horizontal integration and strategic cooperation, indicating diverse motivations for mergers and acquisitions [1][2] - The M&A market is expected to further release integration and value reconstruction potential, supported by regulatory policy optimization, economic recovery, policy encouragement, and capital market reforms [1] M&A Market Overview - The number of major M&A events in the A-share market increased by 60% compared to the previous period, with a total disclosed transaction amount of 601.88 billion RMB, representing a 187.97% increase [2] - Key sectors for M&A activities include real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts [2] - The market is entering a new phase characterized by "efficiency improvement + structural optimization," driven by policy and proactive corporate adjustments [2] Listed Companies' M&A Plans - A total of 44 listed companies announced or planned M&A activities, with an average stock price fluctuation of 7.53% over two weeks [2] - 22 companies made significant progress after announcing M&A plans, with an average stock price fluctuation of 3.76% [2] - The number of major restructuring events increased by 60% compared to the previous period, with research enthusiasm rising by 11.54% [2] Companies with Significant Progress - Companies such as Yunnan Cheng Investment and AnYuan Coal Industry have made notable advancements in their M&A plans, with various strategic objectives including asset adjustments and diversification [10][11] - The progress of these companies reflects a broader trend of active restructuring and strategic realignment within the A-share market [10][11] Market Sentiment and Performance - The restructuring index showed a fluctuation of 5.10% over the two-week period, indicating a positive sentiment in the M&A market [12] - The average price-to-earnings (PE) ratios and market values of companies involved in M&A activities vary significantly, reflecting diverse market conditions and investor sentiments [7][8]

Core Viewpoint - The report highlights the financial performance and operational developments of the State Power Investment Corporation Industry-Finance Holdings Co., Ltd. for the first half of 2025, indicating a decline in revenue and net profit compared to the same period in 2024, while emphasizing the company's focus on energy and financial services integration for sustainable growth [1][2]. Company Overview and Financial Indicators - The company reported total revenue of approximately 2.67 billion yuan, a decrease of 3.76% from the previous year [2]. - Net profit attributable to shareholders was approximately 458.88 million yuan, down 13.41% year-on-year [2]. - The company plans not to distribute cash dividends or issue bonus shares in the medium term [1]. Business Operations - The company operates through its wholly-owned subsidiaries, focusing on energy and financial services, with a total installed capacity of 2.335 million kilowatts as of June 30, 2025 [3]. - The energy segment includes thermal power and renewable energy, with thermal power capacity at 660,000 kilowatts and renewable energy capacity at 1.675 million kilowatts [3]. - The financial segment includes trust services, insurance brokerage, and futures trading, with significant growth in energy-related financial services [3][4]. Financial Performance Analysis - Revenue from the power sector increased by 5.40% to approximately 1.55 billion yuan, while revenue from the heating sector decreased by 1.25% [5]. - The trust business reported a revenue increase of 2.20%, contributing approximately 376.19 million yuan [5]. - The company experienced a significant decline in insurance brokerage revenue, down 60.96% to approximately 61.10 million yuan [4]. Asset and Liability Status - Total assets reached approximately 49.46 billion yuan, an increase of 3.41% from the previous year [2]. - The company reported a net asset value of approximately 20.11 billion yuan, reflecting a 0.58% increase [2]. - Cash and cash equivalents increased to approximately 3.27 billion yuan, representing 6.61% of total assets [7]. Investment and Development Strategy - The company is committed to enhancing its energy and financial service integration, focusing on sustainable development and the transition to green energy [3][6]. - The company aims to expand its installed capacity and improve operational efficiency through strategic investments in renewable energy projects [3][6]. - The financial services sector is expected to support the energy transition by providing tailored financial solutions to energy clients [3][6].

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1][6]. Financial Performance - Total operating revenue for the reporting period was approximately 2.67 billion yuan, a decrease of 3.76% compared to the same period last year [1]. - Net profit attributable to shareholders was approximately 458.88 million yuan, down 13.41% from the previous year [1]. - The net cash flow from operating activities was approximately 460.34 million yuan, reflecting a significant decline of 53.69% year-on-year [1]. - Basic and diluted earnings per share were both 0.0852 yuan, a decrease of 13.41% compared to the previous year [1]. - The weighted average return on equity was 2.29%, down 0.44 percentage points from the previous year [1]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 49.46 billion yuan, an increase of 3.41% from the end of the previous year [1]. - Net assets attributable to shareholders were approximately 20.11 billion yuan, reflecting a slight increase of 0.58% [1]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 142,976 [3]. - The largest shareholder, State Power Investment Corporation, held 49.76% of the shares [3]. - Other significant shareholders included Southern Power Grid Capital Holdings and Yunnan Energy Investment, holding 11.93% and 8.88% respectively [3]. Important Events - The company disclosed a major asset swap and issuance of shares to purchase assets and raise supporting funds on October 19, 2024 [6]. - The proposed transaction involves swapping 100% equity of Guodian Investment Nuclear Power Co., Ltd. held by State Nuclear Power Technology Corporation and China Life Insurance Company for the company's 100% equity in Capital Holdings [6]. - The company has applied for an extension to submit revised responses to the Shenzhen Stock Exchange regarding the asset swap and fundraising application [7].

证券代码：000958 证券简称：电投产融 公告编号：2025-051 国家电投集团产融控股股份有限公司 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、董事会会议召开情况 国家电投集团产融控股股份有限公司（简称公司）于 十六次会议通知，于 8 月 20 日在北京市以现场+视频方式 召开会议。会议应出席董事 7 人，实际出席 7 人，董事长 冯俊杰女士主持会议。董事会秘书出席会议，监事、有关 高级管理人员及中层管理人员列席会议。本次会议符合法 律法规和《公司章程》有关规定。 二、董事会会议审议情况 关联董事冯俊杰女士、王浩先生回避表决。经与会5位 非关联董事审议，本议案同意5票、反对0票、弃权0票，审 议通过本议案。 本议案已在会前提交独立董事专门会议审议通过。 详情见同日刊载于巨潮资讯网（www.cninfo.com.cn)的 —1— 《关于财务公司 2025 年半年度风险评估的报告》。 经审议，本议案同意7票、反对0票、弃权0票，审议通 过本议案。 本议案已在会前提交审计与风险管理委员会讨论研究， 所提建议均被董事会采纳。 详情见同日刊载于巨潮资讯网（ ...