长江证券承销保荐有限公司 关于国能日新科技股份有限公司 2025 年半年度跟踪报告 | 保荐机构名称：长江证券承销保荐有限公司 | 被保荐公司简称：国能日新（301162） | | --- | --- | | 保荐代表人姓名：陈超 | 联系方式：021-65779433 | | 保荐代表人姓名：伍俊杰 | 联系方式：021-65779433 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限 | | | 于防止关联方占用公司资源的制度、募集资金管理 | 是 | | 制度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 6 次 | | （2）公司募集资金项目进展是否与信息披露文件一 | 是 | | 致 | ...

Core Viewpoint - Guoneng Rixin's stock price increased by 3.94% on August 29, with a trading volume of 209 million yuan, indicating positive market sentiment towards the company [1] Financing Summary - On August 29, Guoneng Rixin had a financing buy-in amount of 22.52 million yuan and a financing repayment of 18.25 million yuan, resulting in a net financing buy of 4.27 million yuan [1] - As of August 29, the total financing and securities lending balance for Guoneng Rixin was 72.86 million yuan, which accounts for 1.06% of its circulating market value, indicating a high level compared to the past year [1] Company Overview - Guoneng Rixin Technology Co., Ltd. was established on February 2, 2008, and went public on April 29, 2022. The company specializes in providing renewable energy power forecasting products and related services [2] - The main business revenue composition includes 89.82% from energy information technology and 10.18% from comprehensive energy services [2] - For the first half of 2025, Guoneng Rixin achieved an operating income of 321 million yuan, a year-on-year increase of 43.15%, and a net profit attributable to shareholders of 45.97 million yuan, up 32.48% year-on-year [2] Dividend Information - Since its A-share listing, Guoneng Rixin has distributed a total of 193 million yuan in dividends, with 161 million yuan distributed over the past three years [3] 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][3] - Notably, Nord Value Advantage Mixed Fund is now the fifth-largest circulating shareholder, holding 2.39 million shares, while Huaxia New Economy One-Year Holding Mixed Fund has exited the top ten circulating shareholders [3]

Core Viewpoint - The release of the 3.0 version of the "Kuangming" model by Guoneng Rixin represents a significant advancement in the digital intelligence upgrade of the renewable energy industry, establishing new benchmarks through comprehensive technological innovations [1][2]. Group 1: Technological Innovations - The "Kuangming" 3.0 version features a full-dimensional technological innovation from observation perception, structural modeling to high-precision decoding, enhancing its capabilities in long-term trend analysis and extreme weather response [1]. - The model is built on a unique data pool sourced from 45 years of high-quality ERA5 reanalysis data, eight mainstream NWP model initial fields, over 20 types of global satellite, sounding, and aircraft observation data, along with real measurement data from nearly 6,000 renewable energy stations [2]. - The model provides precise power forecasting and reliable market decision support for renewable energy companies by accurately reflecting renewable energy scenarios and outputting key meteorological factors for wind and solar energy [2]. Group 2: Team and Infrastructure - The development of the "Kuangming" model is supported by a multidisciplinary team of over 100 AI algorithm, meteorology, and data engineering experts, along with dozens of PhD specialists, ensuring a deep integration of research and engineering [1]. - High-performance computing (HPC) and GPU clusters form the computational backbone of the model, enabling efficient processing of vast meteorological and renewable energy data [1]. Group 3: Future Directions - Guoneng Rixin plans to continue deepening the iteration of the "Kuangming" model and actively extend its technical application scenarios, aiming to unlock the practical value of big data in renewable energy [2]. - The company emphasizes its commitment to contributing to global climate change responses and achieving energy security and development through the ongoing evolution of its technologies [2].

Core Viewpoint - The release of the 3.0 version of the "Kuangming" model by Guoneng Rixin represents a significant advancement in the digital transformation of the renewable energy sector, enhancing its capabilities in data analysis and operational efficiency [1] Group 1: Technological Innovations - The new version achieves comprehensive technological innovation from observation and perception to structural modeling and high-precision decoding [1] - It establishes a new industry benchmark through three core advantages: extensive real-world data foundation, a multidisciplinary team, and high-performance computing capabilities [1] Group 2: Data and Team Composition - The model is supported by real measurement data from nearly 6,000 renewable energy stations across China, providing a solid data foundation for model iteration [1] - A cross-disciplinary team of over a hundred AI algorithm, meteorology, and data engineering experts, along with dozens of PhD specialists, contributes to the model's development [1] Group 3: Performance and Applications - The 3.0 version significantly enhances the ability to analyze long-term trends in renewable energy and respond to extreme weather events [1] - It facilitates the intelligent application of energy across multiple scenarios, maximizing the efficiency, economic value, and environmental benefits of clean energy [1]

Group 1 - The core viewpoint of the report is that Guoneng Rixin (301162.SZ) is rated as a "buy" by Huayuan Securities due to its revenue growth despite a decline in gross margin [1] - The company reported its mid-year results for 2025, showing continued revenue growth but a decrease in gross margin, primarily related to product delivery structure [1] - The number of new customers acquired by the company continues to increase, indicating positive market reception [1] Group 2 - Revenue from new energy grid control products has slightly declined due to industry factors, reflecting challenges in the sector [1] - The entry of new energy products into the market is imminent, and innovative products are expected to seize opportunities [1] - Potential risks include slower-than-expected growth in wind and solar installations, intensified industry competition, and delays in power system reforms [1]

Core Viewpoint - The release of the "Kuangming" 3.0 model by Guoneng Rixin marks a significant advancement in AI-driven weather forecasting for the renewable energy sector, enhancing the digital transformation of the industry. Group 1: Technological Advancements - "Kuangming" 3.0 achieves comprehensive technological innovation from observation perception, structural modeling to high-precision decoding, establishing a new industry benchmark with three core advantages [1] - The model leverages nearly 6,000 real-time data points from renewable energy stations across China, providing a solid data foundation for model iteration and enhancing its predictive capabilities [1][2] - The model is designed to output key meteorological factors such as wind speed and solar irradiance, with errors significantly lower than ECMWF-HRES, ensuring seamless integration from weather forecasting to renewable energy generation predictions [2] Group 2: Computational Efficiency - "Kuangming" 3.0 features a high-performance computing architecture that supports eight types of parallel computing frameworks, ensuring efficient execution of various predictive tasks across different application scenarios [3] - The architecture includes PB-level data storage and intelligent scheduling platforms, enabling rapid response capabilities that help renewable energy companies optimize market performance during price fluctuations [3] Group 3: Practical Applications and Benefits - The system upgrade of "Kuangming" 3.0 has led to improved accuracy in electricity trading, load management, and renewable energy dispatch, significantly enhancing emergency response speeds during extreme weather events [4] - In real-world applications, the model has demonstrated its effectiveness by increasing revenue for renewable energy operations, such as a 100MW wind farm generating an additional 50,000 yuan in a month, representing a 16.69% increase in earnings [4][5] - The model's ability to accurately predict load fluctuations during extreme weather has resulted in substantial savings and increased revenue for various energy trading scenarios [4][5] Group 4: Strategic Importance - The launch of "Kuangming" 3.0 aligns with national strategies to integrate AI into key industries, providing essential support for the stable output of clean energy and ensuring grid security [6] - The company plans to continue enhancing the "Kuangming" model, extending its technological applications and unlocking the practical value of big data in the renewable energy sector [6]

Core Viewpoint - The stock of Guoneng Rixin has shown significant growth in 2023, with a year-to-date increase of 49.98% and a recent surge in trading activity, indicating strong investor interest and confidence in the company's performance [1][2]. Company Overview - Guoneng Rixin Technology Co., Ltd. is based in Haidian District, Beijing, and was established on February 2, 2008. The company went public on April 29, 2022. Its main business involves providing renewable energy power forecasting products and related services to entities in the renewable energy market, including power generation groups and grid companies [1]. - The company's revenue composition is primarily from energy information technology (89.82%) and comprehensive energy services (10.18%) [1]. Financial Performance - For the first half of 2025, Guoneng Rixin reported a revenue of 321 million yuan, representing a year-on-year growth of 43.15%. The net profit attributable to shareholders was approximately 45.97 million yuan, reflecting a growth of 32.48% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 193 million yuan in dividends, with 161 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Guoneng Rixin was 6,586, a decrease of 2.80% from the previous period. The average number of tradable shares per shareholder increased by 41.06% to 12,940 shares [2]. - Notably, Nord Value Advantage Mixed Fund is now among the top ten circulating shareholders, holding 2.39 million shares, while Huaxia New Economy One-Year Holding Mixed A has exited the top ten list [3]. Market Activity - On August 29, 2023, Guoneng Rixin's stock price rose by 2.10%, reaching 56.28 yuan per share, with a trading volume of 116 million yuan and a turnover rate of 2.45%. The total market capitalization stood at 7.462 billion yuan [1]. - The stock has experienced a 5.00% increase over the last five trading days, a 10.81% increase over the last 20 days, and a 17.62% increase over the last 60 days [1]. Industry Classification - Guoneng Rixin is classified under the Shenwan industry category of computer software development, specifically in vertical application software. The company is associated with concepts such as virtual power plants, renewable energy, photovoltaic glass, smart grids, and solar energy [1].

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company is expected to see continuous growth in the number of power forecasting customers, with opportunities arising in electricity trading [5] - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 321 million yuan (up 43.2% year-on-year) and net profit at 46 million yuan (up 32.5% year-on-year) [6] - The company has established a solid customer base, with the number of power forecasting service stations increasing to 5,461, a 26% increase from the end of 2024 [6] Financial Performance Summary - Revenue projections for 2023 to 2027 are as follows: 456 million yuan in 2023, 550 million yuan in 2024, 757 million yuan in 2025, 891 million yuan in 2026, and 1,085 million yuan in 2027, with growth rates of 26.89%, 20.50%, 37.78%, 17.69%, and 21.75% respectively [5] - The forecasted net profit for the same period is 84 million yuan in 2023, 94 million yuan in 2024, 148 million yuan in 2025, 195 million yuan in 2026, and 256 million yuan in 2027, with year-on-year growth rates of 25.59%, 11.09%, 57.98%, 32.06%, and 31.33% respectively [5] - The company's gross margin for the first half of 2025 was 61.4%, a decrease of 5.9 percentage points year-on-year, primarily due to changes in product delivery structure [6] - The company’s innovative products related to electricity trading and energy management systems are expected to gain traction as the renewable energy market opens up [6]

证券代码：301162 证券简称：国能日新 公告编号：2025-104 2、本次分配方案披露之日至实施期间，公司股本总额未发生变化。 3、本次实施的分配方案与董事会审议通过的分配方案及其调整原则是一致 的。 4、本次实施分配方案距离公司董事会审议通过的时间未超过两个月。 二、权益分派方案 公司 2025 年半年度权益分派方案为：以公司总股本 132,583,724 股为基数， 向全体股东每 10 股派 2.300000 元人民币现金（含税；扣税后，QFII、RQFII 以 及持有首发前限售股的个人和证券投资基金每 10 股派 2.070000 元；持有首发后 限售股、股权激励限售股及无限售流通股的个人股息红利税实行差别化税率征收， 公司暂不扣缴个人所得税，待个人转让股票时，根据其持股期限计算应纳税额 国能日新科技股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 国能日新科技股份有限公司（以下简称"公司"）2025 年半年度权益分派 方案已获 2025 年 5 月 7 日召开的 2024 年年度股东大会授权，经公司 ...

Group 1 - The core viewpoint of the news is that Guoneng Rixin's stock has shown significant growth this year, with a 45.45% increase, and the company is involved in providing predictive products and services for the renewable energy market [1][2] - As of June 30, 2025, Guoneng Rixin achieved a revenue of 321 million yuan, representing a year-on-year growth of 43.15%, and a net profit attributable to shareholders of 45.97 million yuan, up 32.48% year-on-year [2] - The company has a market capitalization of 7.236 billion yuan and has seen a recent decline in stock price by 2.01% [1] Group 2 - Guoneng Rixin operates in the software development sector, specifically in vertical application software, and is associated with concepts such as virtual power plants, renewable energy, photovoltaic glass, smart grids, and energy storage [2] - The company has distributed a total of 163 million yuan in dividends since its A-share listing, with 131 million yuan distributed in the last three years [3] - As of June 30, 2025, the number of shareholders decreased by 2.80% to 6,586, while the average circulating shares per person increased by 41.06% to 12,940 shares [2][3]