Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board of directors and senior management declare the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility; no cash dividends, bonus shares, or capital reserve conversions are planned for this reporting period - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility[5](index=5&type=chunk) - Company head Xu Wenjin, chief accountant Li Zhengxin, and head of accounting department Li Jingyi declare to guarantee the truthfulness, accuracy, and completeness of the financial report[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section outlines the report's structure, covering company profile, financial indicators, management discussion, corporate governance, significant matters, share changes, bond information, financial reports, and other data [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including regulatory bodies, exchanges, shareholders, and company/subsidiary abbreviations, for clear understanding - In the report, 'Company', 'this Company', and 'Jiangsu Guoxin' all refer to Jiangsu Guoxin Co., Ltd[11](index=11&type=chunk) - 'Guoxin Group' refers to Jiangsu Guoxin Group Co., Ltd., the company's controlling shareholder[11](index=11&type=chunk) - 'Jiangsu Trust' refers to Jiangsu International Trust Co., Ltd., the core subsidiary of the company's financial segment[11](index=11&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Jiangsu Guoxin Co., Ltd., stock code **002608**, is listed on the **Shenzhen Stock Exchange**, with **Xu Wenjin** as its legal representative - Company stock abbreviation: **Jiangsu Guoxin**, stock code: **002608**[14](index=14&type=chunk) - Company stock exchange: **Shenzhen Stock Exchange**[14](index=14&type=chunk) - Company legal representative: **Xu Wenjin**[14](index=14&type=chunk) [Contact Person and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact information for Board Secretary Gu Zhonglin and Securities Affairs Representative Sun Baoli, including address, phone, fax, and email, for investor communication - Board Secretary: **Gu Zhonglin**, contact phone: **025-84679116**, **025-84679126**[15](index=15&type=chunk) - Securities Affairs Representative: **Sun Baoli**, contact address: **No. 88 Changjiang Road, Xuanwu District, Nanjing**[15](index=15&type=chunk) [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, the company's contact information, disclosure, and filing locations, and other relevant data remained unchanged, as detailed in the 2024 annual report - Company registered address, office address, website, and email remained unchanged during the reporting period[16](index=16&type=chunk) - Information disclosure and filing locations remained unchanged during the reporting period[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, total operating revenue decreased by **11.75%** year-on-year, but net profit attributable to shareholders increased by **3.96%**, and non-recurring net profit grew by **9.13%**, with operating cash flow surging by **104.51%** H1 2025 Key Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 15,688,173,077.97 | 17,776,383,810.27 | -11.75% | | Net Profit Attributable to Shareholders of Listed Company | 2,029,831,323.72 | 1,952,440,167.30 | 3.96% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 1,945,552,078.98 | 1,782,780,322.04 | 9.13% | | Net Cash Flow from Operating Activities | 3,286,288,627.05 | 1,606,918,452.96 | 104.51% | | Basic Earnings Per Share (CNY/share) | 0.5373 | 0.5168 | 3.97% | | Diluted Earnings Per Share (CNY/share) | 0.5373 | 0.5168 | 3.97% | | Weighted Average Return on Net Assets | 6.07% | 6.51% | -0.44% | | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End (%)** | | | Total Assets | 99,215,656,754.16 | 95,921,275,317.16 | 3.43% | | Net Assets Attributable to Shareholders of Listed Company | 34,061,569,032.64 | 32,466,598,577.93 | 4.91% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[20](index=20&type=chunk) - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[21](index=21&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for this period amounted to **CNY 84.28 million**, primarily from government grants, fair value changes in financial assets, and other non-operating income/expenses H1 2025 Non-Recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -246,569.68 | | Government grants recognized in current profit or loss | 62,295,790.04 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, excluding effective hedge accounting related to normal business operations, and gains or losses from disposal of financial assets and liabilities | 73,091,584.44 | | Other non-operating income and expenses apart from the above | 8,481,899.19 | | Less: Income tax impact | 36,838,539.04 | | Impact on minority interests (after tax) | 22,504,920.21 | | **Total** | **84,279,244.74** | - The company had no other profit or loss items meeting the definition of non-recurring gains and losses[24](index=24&type=chunk) - The company did not classify any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 for Information Disclosure by Companies Issuing Securities - Non-Recurring Gains and Losses' as recurring gains and losses[24](index=24&type=chunk) Management Discussion and Analysis [Company's Main Business Activities During the Reporting Period](index=9

Core Viewpoint - The legal opinion letter from Dentons (Nanjing) Law Firm confirms the legality of the procedures and qualifications related to Jiangsu Guoxin Co., Ltd.'s 2025 Second Extraordinary General Meeting of Shareholders [1][2][10] Group 1: Meeting Procedures - The meeting was proposed and convened by the Board of Directors, with the notice and agenda published on August 7, 2025 [4] - The meeting utilized a combination of on-site and online voting, with specific time slots for online voting on August 22, 2025 [4][6] - The procedures for convening and holding the meeting complied with relevant laws, regulations, and the company's articles of association [4][10] Group 2: Attendance and Voting - A total of 162 shareholders and representatives attended the meeting, representing 3,247,191,134 shares, which is 85.9482% of the total voting shares [5][6] - The meeting's attendees included 4 on-site shareholders representing 3,236,863,120 shares (85.6748% of total shares) and 158 online voters representing 10,328,014 shares (0.2734% of total shares) [6] - The qualifications of the attendees and their representatives were verified as legitimate and in accordance with legal requirements [5][10] Group 3: Proposals and Voting Results - The meeting reviewed three proposals as outlined in the notice, and the actual matters discussed were consistent with the notice [7] - Voting was conducted through a registered method for on-site attendees and online voting, with results announced immediately after [7][10] - The proposals received a majority approval, with 3,244,333,037 shares voting in favor, representing a significant majority of the valid voting shares [8][10]

证券代码：002608 证券简称：江苏国信 公告编号：2025-039 江苏国信股份有限公司 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： 一、会议召开情况 （1）现场会议时间：2025年8月22日（星期五）下午14:30召开。 现场会议召开地点：南京市玄武区长江路88号国信大厦会议厅。 （2）网络投票时间：2025年8月22日。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8月22日的交易时间， 即9:15-9:25，9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投 票的具体时间为2025年8月22日09:15至15:00期间的任意时间。 法规和《公司章程》的规定。 二、会议出席情况 本次股东大会以现场书面表决与网络投票相结合的方式审议通 过了以下议案。表决情况如下： 表决结果：赞成票 3,244,333,037 股，占出席会议有表决权股份 的 99.9120%；反对票 2,668,987 股，占出席会议有表决权股份的 其中，中小投资者的表决情况为：赞成票 177,171,466 股，占出 席会 议 ...

证券代码：002608 证券简称：江苏国信 公告编号：2025-039 江苏国信股份有限公司 2025 年第二次临时股东大会决议公告 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. 本次股东大会无增加、变更、否决议案的情况。 2. 本次股东大会以现场书面表决与网络投票相结合的方式召开。 一、会议召开情况 1. 会议召开时间： （1）现场会议时间：2025年8月22日（星期五）下午14:30召开。 现场会议召开地点：南京市玄武区长江路88号国信大厦会议厅。 （2）网络投票时间：2025年8月22日。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8月22日的交易时间， 即9:15-9:25，9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投 票的具体时间为2025年8月22日09:15至15:00期间的任意时间。 2. 会议召集人：公司董事会 4. 会议主持人：董事长徐文进先生 5. 本次股东大会的召集、召开与表决程序符合《公司法》等法律、 法规和《公司章程》的规定。 二、会议出席情况 出席本次股东大会 ...

dentons.cn 北 京 大 成 （ 南 京 ） 律 师 事 务 所 关 于 江 苏 国 信 股 份 有 限 公 司 2025 年 第 二 次 临 时 股 东 大 会 的 法 律 意 见 书 南京市鼓楼区集慧路 18 号联创大厦 A 座 7-11 层（210036） 18 Jihui Road, 7-11/F of Building A, Lianchuang Mansion, Gulou District,Nanjing,China,210036 Tel: +86-25-8375 5101 Fax: +86-25-8375 5005 dentons.cn 北京大成（南京）律师事务所 关于江苏国信股份有限公司 2025 年第二次临时股东大会的法律意见书 致：江苏国信股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司 法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股东会规则》（以 下简称"《股东会规则》"）等法律、法规和其他有关规范性文件的要求，北京大成（南 京）律师事务所（以下简称"本所"）接受江苏国信股份有限公司（以下简称"公司"）的 委托，指派 ...

Core Viewpoint - Jiangsu Guoxin's stock price closed at 7.50 yuan on August 11, 2025, reflecting a decline of 1.06% from the previous trading day [1] Company Overview - Jiangsu Guoxin primarily engages in the electricity sector, with business operations including power generation and heating [1] - The company is a significant energy enterprise within Jiangsu Province [1] Market Performance - On August 11, 2025, the trading volume for Jiangsu Guoxin was 22.24 million shares, with a total transaction value of 166.7 million yuan [1] - The net inflow of main funds on that day was 12.62 million yuan, with a cumulative net inflow of 2.87 million yuan over the past five trading days [1] Financial Metrics - The current price-to-earnings (P/E) ratio for Jiangsu Guoxin is 8.20 times, while the price-to-book (P/B) ratio stands at 0.87 times [1]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Over 21% of the secretaries earned more than 1 million yuan annually, indicating a significant compensation level within the industry [1] Salary Distribution - The average salary for secretaries in the public utility and power sector is approximately 750,600 yuan, with the highest salary being 1.8562 million yuan and the lowest at 162,900 yuan [1] - The majority of secretaries (59%) earn between 500,000 and 1 million yuan, totaling 49 individuals [1] Salary Changes - The average salary in 2024 increased by 31,700 yuan compared to 2023, reflecting a 12% rise [3] - Notably, the salary of Fu Ying from Jin Fang Energy decreased by 514,000 yuan, marking a 41% decline, the largest drop in both absolute and percentage terms [3] Age Structure - The average age of secretaries is approximately 47.9 years, with the largest age group being 50-59 years, comprising about 47% of the total [3] - The oldest secretary is 62 years old, while the youngest is 33 years old [3] Educational Background - The distribution of secretaries by education level shows that 46 hold master's degrees, 32 have bachelor's degrees, 3 have associate degrees, and 1 has a secondary vocational education [5] - Average salaries by education level are 782,300 yuan for master's, 729,100 yuan for bachelor's, 670,300 yuan for associate, and 249,900 yuan for secondary vocational [5] Career Background - Secretaries with previous sell-side experience, such as Yang Ning from Jiazhe New Energy, have achieved higher salary levels, with their salaries being 1.6059 million yuan, 1.0349 million yuan, and 813,300 yuan respectively [7][8] Compliance Issues - A total of 7 secretaries received warnings or public notifications for compliance issues in 2024-2025 [8] - Specific cases include Hu Suping from Meiyan Jixiang, who received 4 warnings for failing to disclose related party transactions and misreporting financial data [9][10]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, indicating a significant role in capital operations [1][3] - The average salary increased by 31,700 yuan compared to 2023, reflecting a 12% growth [3] Salary Distribution - The average salary for secretaries in the public utility-electricity sector is approximately 750,600 yuan, with the highest salary being 1.8562 million yuan and the lowest at 162,900 yuan [1] - The majority of secretaries (59%) earn between 500,000 to 1 million yuan, totaling 49 individuals [1] Age and Experience - The average age of secretaries is 47.9 years, with the largest age group being 50-59 years, comprising 39 individuals (about 47%) [3] - The oldest secretary is 62 years old, while the youngest is 33 years old [3] Educational Background - The distribution of secretaries by education level shows 46 with master's degrees, 32 with bachelor's degrees, 3 with associate degrees, and 1 with a secondary vocational degree, with average salaries of 782,300 yuan, 729,100 yuan, 670,300 yuan, and 249,900 yuan respectively [5] Professional Background - Secretaries with previous sell-side experience, such as those from Haitong Securities and Industrial Securities, have achieved higher salary levels, with salaries of 1.6059 million yuan, 1.0349 million yuan, and 813,300 yuan respectively [7][8] Compliance Issues - A total of 7 secretaries received warnings or public notifications for compliance issues in 2024-2025 [8] - Specific cases include Hu Suping from Meiyan Jixiang, who received 4 warnings for failing to disclose related party transactions and misreporting financial data [9][10]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - The average salary increased by 31,700 yuan compared to 2023, reflecting a growth rate of 12% [3] Salary Distribution - In the public utility and power sector, the average salary for company secretaries was approximately 750,600 yuan, with the highest salary being 1.8562 million yuan and the lowest at 162,900 yuan [1] - The majority of secretaries (59%) earned between 500,000 and 1 million yuan, totaling 49 individuals [1] Age and Experience - The average age of company secretaries is approximately 47.9 years, with the largest age group being 50-59 years, accounting for about 47% [3] - The oldest secretary is 62 years old, while the youngest is 33 years old [3] Educational Background - The educational distribution shows that 46 secretaries hold a master's degree, 32 have a bachelor's degree, 3 have an associate degree, and 1 has a secondary vocational degree, with corresponding average salaries of 782,300 yuan, 729,100 yuan, 670,300 yuan, and 249,900 yuan respectively [5] Professional Background - Secretaries with previous sell-side experience, such as Yang Ning from Jiazhe New Energy, received higher salaries, with Yang earning 1.6059 million yuan [7][8] - A total of 7 secretaries received warnings or public notifications for violations in 2024-2025 [8] Violation Cases - Hu Suping from Meiyan Jixiang received 4 warnings for violations, with a salary of 544,700 yuan, due to undisclosed related party transactions and premature revenue recognition [9][10] - Yuyongfang from Disen Co. received 3 warnings for incorrect disclosures related to enforcement actions, with a salary of 412,800 yuan [10]

Group 1: Overview of CFO Compensation - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan in 2024 [1] - The average salary for CFOs in the public utility-electricity sector is approximately 743,800 yuan [1] - The highest-paid CFO is Liu Xiaojun from JinkoSolar, with a salary of 1.90 million yuan, while the lowest is from *ST Lingda at 202,900 yuan [1] Group 2: Age and Education Distribution - The average age of CFOs is approximately 49.58 years, with the majority (39%) aged between 40-49 [1] - The educational background shows a positive correlation with salary: PhD (1.11 million yuan), Master's (860,200 yuan), Bachelor's (683,000 yuan), and Associate's (532,700 yuan) [1] Group 3: Performance and Compensation Relationship - There are instances of salary not aligning with company performance, indicating a disconnect between compensation and profitability [1] - Specific cases include Liu Xilin from Jiawei New Energy, whose salary is not mentioned but is noted for performance issues [1] Group 4: Regulatory Violations - Five CFOs received warnings or public notifications for violations in 2024-2025 [1] - Liu Dongmei from Meiyan Jixiang received four warnings, with a salary of 639,500 yuan, due to improper disclosure and revenue recognition issues [2] - Other CFOs, such as Xia Xueling from Ningbo Energy and Gu Zhonglin from Jiangsu Guoxin, also faced regulatory scrutiny for various violations [2]