一、董事会会议召开情况 证券代码：301162 证券简称：国能日新 公告编号：2025-111 国能日新科技股份有限公司 第三届董事会第十七次会议决议公告 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。 该议案已经第三届董事会审计委员会第九次会议、第三届董事会独立董事专 门会议 2025 年第七次会议审议通过。 具体内容详见公司于 2025 年 10 月 28 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于 2025 年前三季度计提资产减值准备的公告》。 表决结果：同意 8 票；反对 0 票；弃权 0 票；该项议案获审议通过。 国能日新科技股份有限公司（以下简称"公司"）第三届董事会第十七次会 议通知于 2025 年 10 月 23 日以书面方式送达全体董事和监事。本次会议于 2025 年 10 月 27 日在公司会议室召开。本次会议应出席董事 8 人，实际出席董事 8 人。本次会议由董事长雍正先生召集并主持，公司监事、高级管理人员列席本次 会议。本次董事会会议的召集、召开和表决程序符合《公司法》、《公司章程》 的有关规定，会议合法有效。 ...

Revenue and Profit - Revenue for Q3 2025 reached ¥178,934,849.98, an increase of 27.12% year-over-year, and total revenue for the year-to-date is ¥499,623,261.57, up 36.97%[5] - Net profit attributable to shareholders for Q3 2025 was ¥29,459,201.23, a 59.13% increase compared to the same period last year, with year-to-date net profit at ¥75,432,366.11, up 41.75%[5] - The net profit after deducting non-recurring gains and losses for Q3 2025 was ¥25,868,043.86, reflecting a 72.14% increase year-over-year, while year-to-date figures reached ¥69,352,611.13, up 59.97%[5] - Revenue for the first nine months of 2025 reached ¥499,623,261.57, a year-on-year increase of 36.97% primarily due to increased sales of power forecasting products[11] - The company reported total operating revenue of ¥499,623,261.57 for the current period, an increase of 37% compared to ¥364,781,559.92 in the previous period[25] - The total profit before tax was 88,472,044.18, an increase from 62,138,878.78, representing a growth of approximately 42.3%[26] - The company recognized investment income of 8,866,289.14 from associates and joint ventures, up from 4,807,587.33, reflecting an increase of about 84.8%[26] Assets and Equity - The company's total assets as of September 30, 2025, amounted to ¥2,372,433,693.14, representing a 32.27% increase from the end of the previous year[5] - Shareholders' equity attributable to the parent company increased to ¥1,529,182,275.83, a rise of 32.13% compared to the end of the previous year[5] - The company's total assets increased to ¥2,372,433,693.14 from ¥1,793,657,818.57, showing a growth of approximately 32%[22] - The company's equity attributable to shareholders increased to ¥1,529,182,275.83 from ¥1,157,309,345.83, marking a growth of approximately 32%[23] Cash Flow - Cash flow from operating activities for the year-to-date is ¥48,243,402.89, showing a significant increase of 213.95%[5] - Net cash flow from operating activities improved significantly to ¥48,243,402.89, a 213.95% increase compared to a net outflow of ¥42,335,903.83 in the same period last year[14] - The net cash flow from operating activities improved to 48,243,402.89, a significant recovery from a negative cash flow of -42,335,903.83 in the previous period[28] - The net cash flow from investing activities was -588,524,976.95, worsening from -196,502,919.51 in the previous period, indicating increased investment outflows[29] - The net cash flow from financing activities improved to 301,684,500.35, compared to -7,190,783.11 in the previous period, showing a positive turnaround[29] Costs and Expenses - Operating costs rose to ¥194,718,967.51, reflecting a 63.16% increase attributed to higher costs associated with power forecasting products[11] - Total operating costs amounted to ¥418,715,263.46, up from ¥312,962,848.48, reflecting a significant increase in operational expenses[25] - The company reported a significant increase in financial expenses, totaling ¥8,906,484.60, a 417.02% rise due to reduced bank interest income and increased interest expenses from financial leasing and bank loans[11] - Research and development expenses were ¥68,072,612.97, compared to ¥64,766,469.39 in the previous period, indicating a continued investment in innovation[25] Investments - The company reported a 215.96% increase in trading financial assets, totaling ¥443,772,611.70, primarily due to increased investments in structured deposits and low-risk financial products[9] - Long-term equity investments rose by 144.77% to ¥228,957,448.84, attributed to increased external equity investments[9] - The company completed a private placement of 12,362,068 shares, raising a total of ¥377,661,177.40, which will enhance its capital base[18] - The company acquired a 25% stake in Tibet Dongrun Digital Energy Co., Ltd. through investments totaling ¥10,503.33 million, indicating strategic expansion efforts[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,073, with the largest shareholder holding 33.55% of the shares[15] Other Financial Metrics - The weighted average return on net assets for Q3 2025 was 2.08%, an increase of 0.42% year-over-year, while the year-to-date figure is 5.99%, up 1.13%[5] - The company recorded a 268.72% increase in non-operating income, amounting to ¥161,240.18, primarily from increased compensation for breach of contract[12] - The fair value change income decreased by 58.00% to ¥2,587,273.43, mainly due to reduced fair value changes related to bank wealth management products during the reporting period[11] - Basic and diluted earnings per share both increased to 0.61, compared to 0.44 in the previous period, marking a rise of 38.6%[27] - The total cash and cash equivalents decreased to ¥265,298,565.46 from ¥501,858,731.88, reflecting a reduction in liquidity[21] - The company's total non-current assets increased to ¥977,297,922.06 from ¥603,921,618.72, indicating a focus on long-term investments[22]

Group 1 - The core viewpoint of the announcement is that Guoneng Rixin reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - For the third quarter, the company's revenue reached 179 million yuan, representing a year-on-year increase of 27.12% [1] - The net profit for the third quarter was 29.4592 million yuan, showing a year-on-year growth of 59.13% [1] - For the first three quarters, the total revenue amounted to 500 million yuan, which is a year-on-year increase of 36.97% [1] - The net profit for the first three quarters was 75.4324 million yuan, reflecting a year-on-year growth of 41.75% [1]

Investment Rating - The report maintains a "Buy" rating for multiple companies in the energy and power equipment sector, including Ningde Times, Pinggao Electric, Guoneng Rixin, Sany Renewable Energy, and others [4][7][8]. Core Insights - The report emphasizes the importance of a comprehensive green transition in China's economy, driven by goals of carbon peak and carbon neutrality, with a focus on developing a new energy system [1][2]. - The dual control of carbon emissions is expected to expand the demand for green electricity, with policies promoting both carbon market management and mandatory green electricity consumption [2][3]. - The energy sector's green and low-carbon transformation is identified as a critical area for achieving overall green transition goals, with a significant portion of new electricity demand expected to be met by clean energy sources by the end of the 14th Five-Year Plan [3]. Summary by Sections Section 1: Industry Overview - The report highlights the acceleration of green transformation in the economy, with key measures including the establishment of a dual control system for carbon emissions and the promotion of green energy transition [1][2]. Section 2: Company Recommendations - **Ningde Times (300750 CH)**: Target price raised to 566.18 CNY, with a strong outlook on electric vehicle and energy storage markets [9][10]. - **Pinggao Electric (600312 CH)**: Target price set at 22.80 CNY, benefiting from strong domestic bidding for power transmission and transformation equipment [11]. - **Guoneng Rixin (301162 CH)**: Target price of 73.54 CNY, with significant growth in service stations and customer retention [12]. - **Sany Renewable Energy (688349 CH)**: Target price increased to 38.01 CNY, with expectations of improved profitability in wind turbine sales [14]. - **Siyuan Electric (002028 CH)**: Target price raised to 147.90 CNY, driven by strong growth in overseas orders and data center demand [14]. - **Sungrow Power Supply (300274 CH)**: Target price set at 195.40 CNY, with a focus on energy storage and international expansion [14]. - **Oriental Electronics (000682 CH)**: Target price of 13.86 CNY, with steady growth in core business and new energy projects [14]. - **China Western Power (601179 CH)**: Target price set at 8.25 CNY, with a stable growth outlook in power transmission equipment [14]. - **Guodian NARI Technology (600406 CH)**: Target price of 26.00 CNY, benefiting from new power system construction [14].

Core Viewpoint - Guoneng Rixin's stock price decreased by 1.65% on October 13, with a trading volume of 106 million yuan, indicating a potential decline in investor confidence [1] Financing Summary - On October 13, Guoneng Rixin had a financing buy amount of 6.2385 million yuan and a financing repayment of 8.3128 million yuan, resulting in a net financing buy of -2.0743 million yuan [1] - As of October 13, the total financing and securities lending balance for Guoneng Rixin was 83.1869 million yuan, which accounts for 1.21% of its market capitalization [1] - The current financing balance exceeds the 70th percentile level over the past year, indicating a relatively high level of financing [1] Securities Lending Summary - On October 13, Guoneng Rixin had no shares repaid or sold in securities lending, resulting in a sell amount of 0 yuan [1] - The securities lending balance was also 0 yuan, which is above the 80th percentile level over the past year, indicating a high level of inactivity in this area [1] Company Overview - Guoneng Rixin Technology Co., Ltd. was established on February 2, 2008, and listed on April 29, 2022 [2] - The company specializes in providing power prediction products for the renewable energy market, with its main revenue sources being 69.49% from power prediction products, 17.29% from smart control systems, and 11.30% from other products and services [2] - As of June 30, 2025, the company reported a revenue of 321 million yuan, a year-on-year increase of 43.15%, and a net profit of 45.9732 million yuan, up 32.48% year-on-year [2] Shareholder Information - As of June 30, 2025, Guoneng Rixin had 6,586 shareholders, a decrease of 2.80% from the previous period, with an average of 12,940 circulating shares per shareholder, an increase of 41.06% [2] - The company has distributed a total of 193 million yuan in dividends since its A-share listing, with 161 million yuan distributed in the last three years [3] - Notably, Nord Value Advantage Mixed Fund is now the fifth-largest circulating shareholder, holding 2.3915 million shares, while Huaxia New Economy Mixed Fund has exited the top ten circulating shareholders [3]

Stock Recommendations - 运机集团 (001288.SZ)预计2025年EPS为1.29，2026年EPS为2.11，当前PE(TTM)为35.57[2] - 国能日新 (301162.SZ)预计2025年EPS为0.94，2026年EPS为1.24，当前PE(TTM)为75.96[2] - 保隆科技 (603197.SH)预计2025年EPS为2.03，2026年EPS为2.58，当前PE(TTM)为33.01[2] - 中际旭创 (300308.SZ)预计2025年EPS为7.21，2026年EPS为8.90，当前PE(TTM)为65.88[2] - 上美股份 (2145.HK)预计2025年EPS为2.58，2026年EPS为3.23，当前PE(TTM)为39.44[2] Market Performance - 2025年9月国元金股组合自由流通加权收益率为12.44%，等权收益率为11.20%[10] - 同期上证指数上涨0.64%，沪深300上涨3.20%[10] - 表现最佳的ETF为汇添富中证电池主题ETF，上涨38.93%[10] Growth Indicators - 中际旭创市值达到4485.36亿元，ROE接近40%[17] - 国能日新归母净利润增速为32.48%，营业收入增速为43.15%[19] - 保隆科技近一个月涨幅为15.85%，换手率超过100%[17] Risks - 经济恢复及政策发力不及预期的风险[4] - 行业及个股自身经营风险[4]

Core Viewpoint - Recently, Guoneng Rixin Technology Co., Ltd. has been involved in a court case regarding a "service contract dispute" against Hengshui Leyang Photovoltaic Energy Co., Ltd. [1] Summary by Category Company Information - Guoneng Rixin Technology Co., Ltd. is the plaintiff in the ongoing legal case [1] - Hengshui Leyang Photovoltaic Energy Co., Ltd. is the defendant in the same case [1] Legal Context - The case is categorized as a "service contract dispute," indicating potential issues related to contractual obligations between the two companies [1]

Core Viewpoint - The company has developed an AI model named "Kuangming" to enhance the accuracy and efficiency of various predictive data related to electricity pricing, renewable energy generation, extreme weather warnings, and meteorological resource forecasting [1] Group 1: AI Technology Application - The company is utilizing its self-developed AI prediction technology in energy storage projects to improve the operational efficiency of energy storage stations [1] - The AI model integrates provincial electricity market policies and the charging and discharging characteristics of energy storage stations under different scenarios [1] Group 2: Operational Strategies - The company has developed corresponding operational strategies based on the AI model to enhance the comprehensive operational benefits of energy storage stations [1]

Core Viewpoint - Guoneng Rixin announced that as of the date of the announcement, the company and its subsidiaries have no overdue external guarantees, nor are there any external guarantees involved in litigation or losses due to guarantee judgments [2] Summary by Categories - **Company Status** - The company has confirmed that there are no overdue external guarantees [2] - There are no ongoing litigations related to external guarantees [2] - The company has not been judged to bear losses due to guarantees [2]

关于为子公司提供担保的进展公告 证券代码：301162 证券简称：国能日新 公告编号：2025-110 国能日新科技股份有限公司 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、担保情况概述 国能日新科技股份有限公司（以下简称"公司"或"国能日新"）于 2024 年 12 月 24 日召开了 2024 年第二次临时股东大会，于 2025 年 9 月 10 日召开了 2025 年第二次临时股东大会，审议通过了《关于 2025 年度为子公司提供担保额 度预计的议案》及《关于增加 2025 年度为子公司提供担保额度预计的议案》， 2025 年度公司拟为合并报表范围内部分子公司（含授权期限内新设立或纳入合 并范围的子公司）提供担保额度总计不超过 5.5 亿元（该担保额度包含公司已审 批通过且仍在有效期内的担保额度），其中公司拟为资产负债率 70%及以上的控 股子公司提供担保的额度为不超过 2 亿元，为资产负债率 70%以下的控股子公司 提供担保的额度为不超过 3.5 亿元。具体内容详见公司分别于 2024 年 12 月 7 日、 2025 年 8 月 23 日在巨 ...