Core Viewpoint - The company, Shuangjie Electric, reported significant growth in its financial performance for the first half of 2025, driven by the rapid expansion of its new energy business and stable growth in its power distribution and transmission sector [1] Financial Performance - In the first half of 2025, Shuangjie Electric achieved operating revenue of 2.376 billion yuan, representing a year-on-year increase of 41.95% - The net profit attributable to shareholders reached 104 million yuan, marking a year-on-year growth of 20.11% [1] Major Contracts and Projects - Recently, Shuangjie Electric secured large contracts in both the new energy and power distribution sectors - In July 2025, the company won a bid worth over 270 million yuan in the Southern Power Grid's first batch of framework bidding projects for distribution network equipment, ranking among the top in the industry - In March 2025, the company and its wholly-owned subsidiary won multiple contracts for the "Ning Electric into Hunan" DC supporting photovoltaic project, totaling 1.64 billion yuan, showcasing its expertise in photovoltaic power station construction [2] New Energy Sector Growth - In the first half of 2025, the intelligent electrical business generated revenue of 943 million yuan, a year-on-year increase of approximately 10.7% - The new energy intelligent equipment and construction development business achieved revenue of 1.402 billion yuan, a year-on-year growth of approximately 77.2% - For the first time, revenue from the new energy sector surpassed that of the power distribution sector, indicating that new energy has become a major driver for the company's future development [2] Strategic Initiatives - To implement the "dual carbon" strategy, Shuangjie Electric is strategically laying out an integrated project for "source-grid-load-storage," which includes a new load of 552,000 tons for high-carbon ferrochrome alloy and plans for 400,000 kW of wind power capacity and 60,000 kW/240,000 kWh of energy storage - This project aims to optimize energy structure, improve energy utilization efficiency, and reduce electricity costs on the load side, achieving both economic and social benefits [3] International Expansion - Shuangjie Electric is expanding its overseas market presence, with plans to invest in a 100 MW photovoltaic power generation project in Kyrgyzstan - The project is located in a load center with significant market potential, and the national grid of Kyrgyzstan has committed to supporting the project and ensuring that all generated power is connected to the grid - This investment is expected to enhance the company's new energy business scale and regional reach, deepen communication and cooperation with overseas clients, and improve international competitiveness and service capabilities [3]

Core Insights - The company, Shuangjie Electric (300444.SZ), reported a total operating revenue of 2.376 billion yuan for the first half of 2025, marking a year-on-year increase of 41.95% and achieving four consecutive years of growth [1] - The net profit attributable to shareholders reached 104 million yuan, reflecting a year-on-year increase of 20.11% and three consecutive years of growth [1] - The company experienced a net cash outflow from operating activities of 130 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 78.89% [3] - The gross profit margin is reported at 17.32%, an increase of 0.37 percentage points from the previous quarter [3] - The return on equity (ROE) is 5.91%, ranking 18th among disclosed peers, with a year-on-year increase of 0.65 percentage points [3] - The diluted earnings per share (EPS) is 0.13 yuan, up by 0.02 yuan from the same period last year, achieving three consecutive years of growth [3] - The total asset turnover ratio is 0.31 times, and the inventory turnover ratio is 1.03 times [3] Shareholder Structure - The number of shareholders is 44,500, with the top ten shareholders holding 336 million shares, accounting for 42.13% of the total share capital [3] - The largest shareholder, Zhao Zhihong, holds 19.82% of the shares [3] - Other significant shareholders include Zhejiang Junhong Asset Management Co., Ltd. and Zhao Zhixing, each holding 4.75% and 3.62% respectively [3]

Group 1 - The core point of the article is that Beijing Shuangjie Electric Co., Ltd. announced an investment in a 400,000 kW integrated energy project in Wengniuteqi, with a total investment of approximately 2.8 billion yuan [1] - The project includes an investment of about 1.8 billion yuan for the renewable energy component and 1 billion yuan for the high-carbon ferrochrome alloy load project [1] - The project aims to optimize energy structure, improve energy utilization efficiency, and reduce electricity costs, aligning with the company's long-term development strategy [2] Group 2 - The project will add a load of 552,000 tons for the high-carbon ferrochrome alloy project, with an annual electricity consumption of 2.0244 billion kWh and a load scale of 312,873 kW [1] - The project will include a wind power installed capacity of 400,000 kW and a storage capacity of 60,000 kW/240,000 kWh [1] - The company will monitor market changes and manage risks associated with the project, which has a large investment scale and potential uncertainties [2]

Group 1 - The company held its sixth board meeting on August 25, 2025, where the proposal for the 2025 semi-annual report was approved [1] - The 2025 semi-annual report and its summary will be disclosed on August 26, 2025, on the designated website for information disclosure [1] - The announcement emphasizes the commitment to providing accurate and complete information to investors [1]

Meeting Information - The third extraordinary general meeting of shareholders for 2025 will be held on September 12, 2025, from 9:15 AM to 3:00 PM, with specific time slots for voting [1][2] - The meeting will be conducted in a combination of on-site and online voting methods [1][2] Legal Compliance - The meeting has been approved by the company's sixth board of directors and complies with the requirements of the Company Law of the People's Republic of China and the company's articles of association [1] Attendance and Voting - All shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the equity registration date are entitled to attend the meeting [2] - Shareholders can appoint a proxy to attend and vote on their behalf, and the proxy does not need to be a shareholder of the company [2] Agenda Items - The meeting will discuss several proposals, including amendments to accounting policies, investment projects, and guarantees for subsidiaries [2][8] - Proposals require a two-thirds majority approval from attending shareholders to pass [2] Registration Process - Shareholders must present identification and authorization documents to register for the meeting [3][4] - Registration will take place on September 10, 2025, during specified hours [4] Online Voting - The company will provide an online voting platform for shareholders to cast their votes during the meeting [5][11] - Detailed procedures for online voting will be made available to shareholders [5][11]

北京双杰电气股份有限公司 关于规范与关联方资金往来的管理制度 第一章 总则 第一条 为了进一步加强和规范北京双杰电气股份有限公司（以下简称"公司"） 资金管理，规范公司与关联方之间的资金往来，保护公司、股东和其他利益相关人 的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简 称"《证券法》"）《上市公司监管指引第8号——上市公司资金往来、对外担保的 监管要求》及《北京双杰电气股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，结合公司实际，制定本制度。 第二条 本制度适用于公司与关联方之间的资金往来。纳入公司合并报表范围 的子公司适用本制度。 第三条 本制度所称资金占用包括：经营性资金占用和非经营性资金占用两种情 况。 经营性资金占用，是指公司关联方通过采购、销售等生产经营环节的关联交易 所产生的资金占用。 非经营性资金占用，是指公司代关联方偿还债务而支付资金，有偿或无偿、直 接或间接拆借给关联方资金，为关联方承担担保责任而形成的债权，为关联方垫付 工资、保险，以及其他在没有商品和劳务提供情况下给关联方使用的资金。 第四条 公司董事会秘书应当按照法律法规、规范性文件、公司上市的证 ...

Core Viewpoint - The document outlines the accounting policies, estimates, and error correction approval and disclosure system of Beijing Shuangjie Electric Co., Ltd, aiming to enhance the relevance, reliability, and completeness of financial reporting and information disclosure [2][11]. Chapter Summaries Chapter 1: General Principles - The purpose of the system is to standardize the application of accounting policies and estimates, improve management of changes, and ensure timely and complete information disclosure [2]. Chapter 2: Scope of Changes - Accounting policy changes refer to alterations in principles, bases, and methods used for accounting recognition, measurement, and reporting [3]. - Consistency in accounting policies is required for similar transactions, with changes allowed only under specific conditions such as legal requirements or improved reliability of information [3][4]. Chapter 3: Handling Changes and Errors - Changes in accounting estimates are based on the latest available information and affect the book value of assets or liabilities [4]. - Major accounting errors, defined as those affecting the reliability of financial statements, must be adjusted in the retained earnings of the earliest period [5][6]. Chapter 4: Approval and Disclosure of Policy Changes - Changes in accounting policies require sufficient evidence of their reasonableness and must be approved by the board of directors, with disclosure obligations to the Shenzhen Stock Exchange [7][8]. Chapter 5: Approval and Disclosure of Estimate Changes - Significant changes in accounting estimates must be reported similarly to policy changes, with specific thresholds for board approval and disclosure [9][10]. Chapter 6: Approval and Disclosure of Major Errors - Major accounting errors must be reported and disclosed following board approval, with specific criteria for when a special audit report is required [10]. Chapter 7: Supplementary Provisions - The system is subject to interpretation by the board of directors and is effective upon approval by the shareholders' meeting [11].

Core Points - The document outlines the management system for related party transactions of Beijing Shuangjie Electric Co., Ltd, aiming to ensure the legality, fairness, and reasonableness of such transactions to protect the rights of shareholders and the company [1][2]. Group 1: General Principles - The internal control of related party transactions should adhere to principles of honesty, equality, voluntariness, fairness, and openness, ensuring no harm to the interests of the company and other shareholders [1]. - Related parties include related legal entities, natural persons, and potential related parties, with specific criteria defined for each category [2][3]. Group 2: Related Party Transactions - Related party transactions refer to the transfer of resources or obligations between the company and its related parties, including asset purchases, external investments, financial assistance, guarantees, leasing, management contracts, donations, and debt restructuring [3][4]. - The company must avoid conflicts of interest during board meetings when discussing related party transactions, requiring related directors to abstain from voting [4][5]. Group 3: Decision-Making Procedures - Related party transactions must follow principles of honesty, fairness, and public disclosure, ensuring that the rights of non-related shareholders are not compromised [8][14]. - The approval authority for related party transactions is tiered based on transaction amounts, with specific thresholds set for board and shareholder meeting approvals [8][9]. Group 4: Information Disclosure - Transactions exceeding certain monetary thresholds must be disclosed promptly after board approval, with detailed information about the transaction, including the nature of the relationship, pricing policies, and the impact on the company [16][17]. - The company is required to disclose the cumulative amount of transactions with related parties within a specified period, ensuring transparency in its dealings [17][18].

General Principles - The purpose of the management measures is to strengthen the control over the subsidiaries of Beijing Shuangjie Electric Co., Ltd., ensuring that their operations align with the company's overall strategic direction and effectively manage operational risks [1][2] - Subsidiaries are defined as those where the company holds more than 50% of the registered capital directly or indirectly, or can control the board of directors through agreements [1][2] Corporate Governance and Institutional Functions - The company has the authority to provide services, coordinate, supervise, and assess subsidiaries, ensuring they establish and improve management systems as needed [2][3] - Subsidiaries must establish a shareholders' meeting, board of directors, and supervisory board in accordance with relevant laws and regulations to ensure legal operation and scientific decision-making [2][3] Operational Management - Subsidiaries are required to comply with national laws and regulations, and develop their operational management goals in line with the company's development plans [5][6] - The general manager of each subsidiary must prepare an annual work report and the next year's operational plan for board approval, which includes key economic indicators and financial analysis [5][6] Financial, Capital, and Guarantee Management - Subsidiaries must adhere to the company's unified financial management policies and submit financial reports in accordance with the company's requirements [8][9] - Any loans undertaken by subsidiaries must undergo feasibility studies and be approved by the board of directors [9][10] Investment Management - Subsidiaries can propose investment suggestions based on market conditions and must ensure that investment projects are legally compliant and risk-controlled [10][11] - The decision-making process for significant investments requires feasibility studies, discussions in management meetings, and board approval [10][11] Information Disclosure - Subsidiaries must report significant business and financial matters to the company's board secretary in a timely manner, adhering to confidentiality obligations until public disclosure [12][13] - Major transactions must be carefully assessed to determine if they constitute related party transactions, which must then be reported accordingly [12][13] Audit Supervision - Subsidiaries are required to cooperate with both internal and external audits, providing all necessary documentation [14][15] - The audit department is responsible for evaluating compliance with laws and regulations, as well as the effectiveness of internal controls [14][15] Administrative Affairs Management - Subsidiaries must obtain approval from the company's administrative department before using the company's name or trademarks [16][17] - A strict document management system must be established to safeguard important corporate documents and records [16][17] Assessment and Reward System - Subsidiaries must create an incentive mechanism that aligns with their operational performance and the overall interests of the company [17] - The company will conduct performance assessments of subsidiary leadership based on agreed-upon indicators and may provide additional rewards for outstanding contributions [17]

北京双杰电气股份有限公司 2025 年半年度报告摘要 证券代码：300444 证券简称：双杰电气 公告编号：2025-047 北京双杰电气股份有限公司 2025 年半年度报告摘要 北京双杰电气股份有限公司 2025 年半年度报告摘 要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监 会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 ?不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 ?不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 ?不适用 二、公司基本情况 股票简称 双杰电气 股票代码 300444 股票上市交易所 深圳证券交易所 联系人和联系方式 董事会秘书 证券事务代表 姓名 史玉 卢文钰 电话 010-62979948-8888 010-62979948-8888 北京市海淀区东北旺西路 8 号院 40 号 北京市海淀区东北旺西路 8 号院 40 号 办公地址 楼（A 区 1 号楼） 楼 ...