Important Notes, Table of Contents, and Definitions [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board, Supervisory Board, and senior management guarantee report accuracy, noting market, receivables, and policy risks, and no interim dividend plan - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[4](index=4&type=chunk) - The company faces risks including market competition, accounts receivable, declining gross profit margins, and changes in new energy policies[4](index=4&type=chunk) - The company plans no cash dividends, bonus shares, or capital reserve conversions for the semi-annual period[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This report's table of contents covers important notes, company profile, management discussion, corporate governance, significant matters, share changes, bond information, and financial reports - The report's main sections include important notes, company profile, management discussion and analysis, corporate governance, significant matters, share changes and shareholder information, bond-related information, and financial reports[7](index=7&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines key terms used in the report, including company names, reporting period, actual controllers, and major subsidiaries - The reporting period refers to January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - The actual controllers and controlling shareholders are Chen Tianxu, Chen Manhong (CHEN MANHONG), and Wu Hao[13](index=13&type=chunk) - Major wholly-owned and controlled subsidiaries, including Fujian Zhongneng, Wuchang Electric Control, and Zhongneng Xiangrui, are listed[13](index=13&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) CEEPOWER Co, Ltd (stock code: 300062) is listed on the Shenzhen Stock Exchange, with Chen Tianxu as its legal representative - The company's stock abbreviation is "CEEPOWER", stock code "300062", listed on the Shenzhen Stock Exchange[15](index=15&type=chunk) - The company's legal representative is Chen Tianxu[15](index=15&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) The company's Board Secretary is Yu Chunjiang, and the Securities Affairs Representative is Chen Yu, both located at No. 20 Jinzhou North Road, Jinshan Industrial Park, Cangshan District, Fuzhou, with telephone 0591-83856936 - The Board Secretary is Yu Chunjiang, and the Securities Affairs Representative is Chen Yu[16](index=16&type=chunk) - Contact address: No. 20 Jinzhou North Road, Jinshan Industrial Park, Cangshan District, Fuzhou, telephone: 0591-83856936[16](index=16&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, there were no changes in the company's contact information, information disclosure, or registration, as detailed in the 2024 annual report - The company's registered address, office address, website, and email address remained unchanged during the reporting period[17](index=17&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period[18](index=18&type=chunk) - The company's registration status remained unchanged during the reporting period[19](index=19&type=chunk) [Key Accounting Data and Financial Indicators](index=7&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 the first half of 2025, the company's operating revenue decreased by 28.74% to **585.85 million RMB**, and net profit attributable to shareholders significantly dropped by 149.46% to **-12.79 million RMB** 2025 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Period/End (RMB) | Prior Period/Year-End (RMB) | Current Period vs. Prior Period/Year-End Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 585,851,308.71 | 822,149,636.31 | -28.74% | | Net Profit Attributable to Shareholders of Listed Company | -12,790,697.84 | 25,863,010.14 | -149.46% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -10,757,695.03 | 20,499,447.34 | -152.48% | | Net Cash Flow from Operating Activities | -196,334,373.82 | -149,898,338.68 | -30.98% | | Basic Earnings Per Share (RMB/share) | -0.02 | 0.05 | -140.00% | | Diluted Earnings Per Share (RMB/share) | -0.02 | 0.05 | -140.00% | | Weighted Average Return on Net Assets | -1.04% | 1.93% | -2.97% | | Total Assets | 2,905,542,801.53 | 2,902,570,600.56 | 0.10% | | Net Assets Attributable to Shareholders of Listed Company | 1,227,914,703.66 | 1,240,656,037.78 | -1.03% | [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, the company reported no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets between international accounting standards and Chinese accounting standards during the reporting period[21](index=21&type=chunk) - The company reported no differences in net profit and net assets between overseas accounting standards and Chinese accounting standards during the reporting period[22](index=22&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) During the reporting period, the company's total non-recurring gains and losses amounted to **-2.03 million RMB**, primarily due to non-current asset disposal losses and government grants 2025 Semi-Annual Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Non-current asset disposal gains and losses | -3,145,672.68 | Primarily losses from equity transfer of subsidiaries and disposal of old equipment in the current period | | Government grants included in current profit and loss (excluding those closely related to normal business operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on company profit and loss) | 1,079,540.01 | | | Other non-operating income and expenses apart from the above | -10,077.12 | | | Less: Income tax impact | -35,090.91 | | | Impact on minority interests (after tax) | -8,116.07 | | | Total | -2,033,002.81 | | Management Discussion and Analysis [Principal Businesses Engaged by the Company During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the first half of 2025, indicating financial challenges ahead [1] Financial Performance - The company's operating revenue for the first half of 2025 was 586 million yuan, representing a year-on-year decrease of 28.74% [1] - The net loss attributable to shareholders was 12.79 million yuan, compared to a net profit of 25.86 million yuan in the same period last year [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [1]

第六届监事会第二十次会议决议公告 本公司及监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、监事会会议召开情况 中能电气股份有限公司（以下简称"公司"或"本公司"）第六届监事会第二十 次会议于2025年8月26日上午以通讯方式召开。会议通知已于2025年8月15日以书面、 电话等方式向全体监事送达。本次会议应出席监事3人，实际出席监事3人。会议由监 事会主席余淑英女士召集并主持，会议的召集、召开和表决程序符合《中华人民共和 国公司法》《深圳证券交易所上市公司自律监管指引第2号—创业板上市公司规范运 作》及本公司《章程》等有关规定。 二、 监事会会议审议情况 | 证券代码：300062 | 证券简称：中能电气 | 公告编号：2025-037 | | --- | --- | --- | | 债券代码：123234 | 债券简称：中能转债 | | 中能电气股份有限公司 （二）审议通过《关于公司 2025 年半年度募集资金存放与使用情况专项报告的 议案》 公司监事会检查了公司 2025 年半年度募集资金存放与实际使用的情况，经认真 审核，监事会认为：报告期内，公司严格按照《 ...

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 中能电气股份有限公司（以下简称"公司"或"本公司"）第六届董事会第 二十七次会议通知于 2025 年 8 月 15 日以书面形式、电话通知、电子邮件等方式 发出，会议于 2025 年 8 月 26 日上午以通讯表决的方式召开。本次会议应出席董 事 7 人，实际出席董事 7 人，公司监事和高级管理人员列席了本次会议。会议由 董事长陈添旭先生召集并主持，会议的召集、召开和表决程序符合《中华人民共 和国公司法》《深圳证券交易所创业板股票上市规则》及本公司《章程》等有关 规定，会议合法、有效。 | 证券代码：300062 | 证券简称：中能电气 | 公告编号：2025-036 | | --- | --- | --- | | 债券代码：123234 | 债券简称：中能转债 | | 二、董事会会议审议情况 （一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》 董事会审议了公司《2025 年半年度报告》及《2025 年半年度报告摘要》， 董事会全体成员一致认为公司 2025 年半年度报告真实 ...

Core Viewpoint - The demand for smart ring network cabinets is significantly influenced by the State Grid Corporation of China, which is a major user of distribution equipment and plays a leading role in the construction of smart grids and new power systems in China. The total tender volume for smart ring network cabinets is expected to reach 36,631 units in 2024, reflecting a year-on-year increase of 40.02% [1][10]. Market Policy - The smart ring network cabinet falls under the category of "C38 Electrical Machinery and Equipment Manufacturing" in China's national economic industry classification. The development of this industry is supported by various policies aimed at enhancing the safety and efficiency of the power system, including guidelines for rural power grid enhancement and the promotion of intelligent manufacturing [4][6]. Industry Chain - The upstream of the smart ring network cabinet industry includes suppliers of metals such as copper, aluminum, and steel, as well as insulation materials and electronic components. The downstream market primarily consists of applications in urban residential areas, secondary substations, and industrial enterprises [7]. Development Status - The primary customers for smart ring network cabinets are subsidiaries of the State Grid, which imposes strict quality and technical requirements on distribution equipment. The demand from the State Grid serves as a barometer for the market's development [9][10]. Competitive Landscape - The smart ring network cabinet market in China is characterized by a fragmented competitive landscape, with 296 companies winning tenders in 2024, totaling 14.6 billion yuan. Key players include Guodian NARI Technology Co., Ltd., Beijing Haochuang Ruitong Electric Equipment Co., Ltd., and Keda Intelligent Electric Technology Co., Ltd. [13][14]. Development Trends - Future advancements in technologies such as 5G, IoT, big data, and AI are expected to enhance the capabilities of smart ring network cabinets, enabling faster response times and more efficient data processing. The demand for high-capacity ring network cabinets is anticipated to grow due to increasing power needs and the expansion of the power grid [21].

Core Viewpoint - Zhongneng Electric (300062) announced the resignation of its investment and financing director, Zheng Xiaohui, due to personal reasons, while he will continue to hold other positions within the company [1] Company Summary - Zheng Xiaohui submitted a written resignation application to the company's board of directors [1] - His original term was set to expire on December 23, 2025 [1] - The company will retain Zheng Xiaohui in other roles following his resignation from the investment and financing director position [1]

Group 1 - The core point of the article is the resignation of Mr. Zheng Xiaohui from the position of Director of Investment and Financing at Zhongneng Electric due to personal reasons, while he will continue to hold other positions within the company [2]. - The company reported that for the year 2024, its revenue composition is as follows: manufacturing accounts for 79.63%, services account for 19.68%, and other businesses account for 0.69% [2].

截至本公告披露日，郑晓辉先生未持有公司股份，不存在违反相关承诺的情 形，也不存在应履行而未履行完毕的承诺。 | 证券代码：300062 | 证券简称：中能电气 | 公告编号：2025-034 | | --- | --- | --- | | 债券代码：123234 | 债券简称：中能转债 | | 中能电气股份有限公司 关于公司高级管理人员辞职的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 中能电气股份有限公司（以下简称"公司"）董事会于近日收到公司投融资 总监郑晓辉先生的书面辞职申请。郑晓辉先生因个人原因申请辞去公司投融资总 监职务（原任期届满日为 2025 年 12 月 23 日），辞职后仍在公司担任其他职务。 根据《公司法》和《公司章程》等有关规定，郑晓辉先生的辞职申请自送达 公司董事会时生效。郑晓辉先生已按规定完成交接工作，辞去投融资总监职务不 会影响公司日常经营。 郑晓辉先生任职期间恪尽职守、勤勉尽责。公司董事会对郑晓辉先生任职期 间为公司发展做出的贡献表示衷心感谢！ 特此公告！ 中能电气股份有限公司 董 事 会 2025 年 8 月 15 日 ...

Core Insights - The report highlights the performance of the Fujian Province's power generation in 2025, indicating a total generation of 269.2 billion kWh, which represents a year-on-year increase of 1.3% [1] - The report also provides a breakdown of power generation by type, showing a decline in thermal and hydropower generation, while nuclear, wind, and solar power generation have shown growth [1] Group 1: Power Generation Overview - In the first half of 2025, Fujian Province generated 725.6 billion kWh of electricity, reflecting a year-on-year growth of 0.3% [1] - Thermal power generation accounted for 838.3 billion kWh, making up 53.3% of the total generation, but saw a decline of 1.8% year-on-year [1] - Hydropower generation was 111.8 billion kWh, representing 7.1% of the total, with a significant year-on-year decrease of 32.5% [1] Group 2: Growth in Renewable Energy - Nuclear power generation reached 495 billion kWh, constituting 31.5% of the total generation, with a notable year-on-year increase of 28.9% [1] - Wind power generation was recorded at 118.9 billion kWh, accounting for 7.6% of the total, and experienced a year-on-year growth of 5.7% [1] - Solar power generation surged to 9.73 billion kWh, making up 0.6% of the total, with an impressive year-on-year increase of 100.3% [1]

Group 1 - The company has completed the registration procedures for changes in its business scope, registered capital, and articles of association as approved in board and shareholder meetings [1][2] - The new registered capital of the company is 55,760.0663 million RMB [1] - The company operates in various sectors including manufacturing and sales of electrical equipment, power electronics components, and renewable energy technology services [1] Group 2 - The company is a joint-stock limited company established on December 2, 2002, with its registered office located in Fuzhou, China [1] - The business scope includes manufacturing and sales of distribution switch control equipment, power distribution and control equipment, and various energy-related technologies [1] - The company has obtained a new business license from the Fujian Provincial Market Supervision Administration [1]