Core Viewpoint - The company plans to establish a joint venture with Dongfang Xinneng (Beijing) Enterprise Management Center (Limited Partnership) to create Dongfang Xinneng (Beijing) Energy Storage Industry Development Co., Ltd. with a registered capital of RMB 400 million [1] Group 1 - The registered capital of the joint venture is RMB 400 million [1] - Dongfang Xinneng will contribute RMB 240 million, accounting for 60% of the registered capital [1] - The company will contribute RMB 160 million, accounting for 40% of the registered capital [1]

Core Viewpoint - The company Guoneng Rixin (301162) announced a joint investment with Dongfang Xinneng (Beijing) Enterprise Management Center to establish a new company focused on energy storage, with a registered capital of 400 million yuan [1] Group 1: Investment Details - The joint venture will have a registered capital of 400 million yuan, with Dongfang Xinneng contributing 240 million yuan, representing 60% of the total capital [1] - Guoneng Rixin will contribute 160 million yuan, accounting for 40% of the registered capital [1] - This investment does not constitute a related party transaction or a major asset restructuring [1]

证券代码：301162 证券简称：国能日新 公告编号：2025-116 国能日新科技股份有限公司 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。 三、备查文件 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、董事会会议召开情况 国能日新科技股份有限公司（以下简称"公司"）第三届董事会第十八次会 议通知于 2025 年 10 月 31 日以书面方式送达全体董事和监事。本次会议于 2025 年 11 月 5 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。 二、董事会会议审议情况 1、审议通过《关于对外投资设立合资公司的议案》 基于公司发展战略规划及资产运营业务领域的布局，拟与东方新能（北京） 企业管理中心（有限合伙）签订《投资合作协议》，双方拟共同出资设立东方新 能（北京）储能产业发展有限公司（暂定名，最终以工商登记核准为准，以下简 称"合资公司 ...

证券代码：301162 证券简称：国能日新 公告编号：2025-118 国能日新科技股份有限公司 关于对外投资设立合资公司的公告 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。 一、对外投资概述 国能日新科技股份有限公司（以下简称"公司"）基于公司发展战略规划及 资产运营业务领域的布局，拟与东方新能（北京）企业管理中心（有限合伙）（以 下简称"东方新能"）签订《投资合作协议》，双方拟共同出资设立东方新能（北 京）储能产业发展有限公司（暂定名，最终以工商登记核准为准，以下简称"合 资公司"），合资公司注册资本为人民币 40,000 万元。其中，东方新能认缴出 资额为 24,000 万元，占合资公司注册资本的 60%；公司以自有资金认缴出资额 为 16,000 万元，占合资公司注册资本的 40%。 公司于 2025 年 11 月 5 日召开第三届董事会第十八次会议和第三届监事会第 十八次会议，分别审议通过了《关于对外投资设立合资公司的议案》。根据《深 圳证券交易所创业板股票上市规则》《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》等相关法 ...

证券代码：301162 证券简称：国能日新 公告编号：2025-117 国能日新科技股份有限公司 第三届监事会第十八次会议决议公告 一、监事会会议召开情况 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。 国能日新科技股份有限公司（以下简称"公司"）第三届监事会第十八次会 议通知于 2025 年 10 月 31 日以书面方式送达全体监事。本次会议于 2025 年 11 月 5 日在公司会议室召开。本次会议应出席监事 3 人，实际出席监事 3 人。本次 会议由监事会主席刘可可先生召集并主持。本次监事会会议的召集、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。 二、监事会会议审议情况 1、审议通过《关于对外投资设立合资公司的议案》 特此公告。 国能日新科技股份有限公司 监事会 2025 年 11 月 5 日 具体内容详见公司于 2025 年 11 月 5 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于对外投资设立合资公司的公告》。 表决结果：同意 3 票；反对 0 票；弃权 0 票；该项议案获审议通过。 三、备查文件 第三 ...

Core Viewpoint - The company, Guoneng Rixin, is experiencing significant growth in its power prediction services for distributed photovoltaic (PV) systems, driven by increasing market demand and supportive policies in the renewable energy sector [1][2]. Group 1: Market Demand and Policy - The distributed photovoltaic capacity is growing annually, impacting the power grid's flow direction and energy quality. The National Energy Administration's guidelines emphasize the "four capabilities" management requirements for distributed renewable energy [1]. - As of the end of Q3 2025, the company has seen a notable increase in new clients for its power prediction services, contributing to rapid growth in its service station scale [2]. Group 2: Business Expansion and Renewal Rates - The market demand for power prediction services has significantly increased due to the rapid growth of new energy installations and the introduction of management requirements for distributed stations. The company aims to expand its client base further [2]. - The renewal rate for the company's power prediction service fees has consistently remained above 95%, indicating strong customer retention and growth in service fee revenue [2]. Group 3: Power Trading Strategy - The company has strategically invested in power trading-related businesses, focusing on research, product development, and marketing. This includes increasing personnel in relevant roles and establishing a dedicated marketing team for power trading products [3]. - The company utilizes its self-developed "Kuangming" new energy model to enhance trading strategies, providing reliable data for decision-making in power trading [3]. Group 4: Independent Energy Storage Station Services - The company has launched a service model for independent energy storage station management, integrating various data sources to create a power market prediction system. This service aims to help clients optimize their operations and capture peak and valley electricity prices [4]. - The service includes a full-cycle operation management for clients, along with the provision of energy management systems and control solutions, generating additional revenue from product sales [4]. Group 5: Financial Performance - For the first three quarters of 2025, the company's main business revenue reached 500 million yuan, a year-on-year increase of 36.97%. The net profit attributable to shareholders was approximately 75.43 million yuan, up 41.75% year-on-year [7]. - The company has effectively controlled its expenses, with sales, management, and R&D expense ratios decreasing compared to the previous year, while revenue growth outpaced expense growth [5][6].

Group 1: Market Trends and Policy Developments - The distributed photovoltaic (PV) capacity is expected to grow annually, impacting grid flow and power quality significantly. The National Energy Administration's policy emphasizes "observable, measurable, adjustable, and controllable" management requirements for distributed energy sources [2] - As of 2025, new policies regarding the "four capabilities" for distributed commercial power stations have been released across major provinces, with ongoing updates expected for existing stations [2] Group 2: Business Expansion and Performance Metrics - The company's power prediction service has seen a notable increase in demand due to the rapid growth of new energy installations and the release of management requirements. The service fee renewal rate has consistently remained above 95% [3] - By the end of Q3 2025, the company plans to update the number of serviced power station clients in its annual report, reflecting its proactive market engagement [3] Group 3: Strategic Initiatives in Power Trading - The company has strategically invested in power trading, enhancing its workforce with additional R&D and trading personnel, and establishing a dedicated marketing team for product promotion [4] - Utilizing its proprietary "Kuangming" new energy model 3.0, the company has integrated weather forecasting with energy generation predictions, creating a closed-loop capability for power trading processes [4] Group 4: Independent Energy Storage Operations - The company has launched an independent energy storage station management service, leveraging multi-dimensional data to optimize operational strategies and capture peak and valley electricity prices [5][6] - This service includes a full-cycle operation management fee and the sale of energy management systems and grid control products [6] Group 5: Cost Management and Future Outlook - The company reported a decrease in sales, management, and R&D expense ratios to 21.90%, 6.81%, and 13.62%, respectively, compared to the previous year [6] - Despite absolute increases in expenses, the growth rate of expenses is lower than the revenue growth of 36.97% in the first three quarters of 2025, indicating effective cost control measures [6]

Summary of Conference Call for Guoneng Rixin Company Overview - Guoneng Rixin is a leading company in the field of renewable energy power forecasting in China, actively expanding into innovative businesses such as electricity trading and virtual power plants, and developing industry-leading meteorological models and technologies [1][2]. Financial Performance - For the first three quarters of 2025, Guoneng Rixin achieved nearly 500 million CNY in revenue, a year-on-year increase of approximately 37% [2]. - The net profit attributable to shareholders was 75.43 million CNY, up nearly 42% year-on-year [2]. - In Q3 alone, revenue reached 171.9 million CNY, with a year-on-year growth of 27%, and net profit was 29.45 million CNY, reflecting a 59% increase [2]. Business Segments Traditional Business - The core business remains power forecasting, which accounts for over 60% of total revenue, followed by grid control at over 15% [11]. - The company aims to expand its service stations, targeting 500-600 new centralized stations and 900-1500 distributed stations by the end of 2025, with a total target of 1000-2100 stations [3][4]. Innovative Business - The company is actively developing innovative businesses in energy management and electricity trading, particularly in response to new market policies [5]. - A new service for independent energy storage station management and trading has been launched, addressing operational challenges in the rapidly growing storage market [6]. Market Dynamics - The demand for power forecasting is driven by the increasing installation of distributed energy sources and regulatory requirements for power management [15][16]. - By the end of 2024, it is estimated that there will be around 18,000 commercial distributed stations requiring power forecasting, with significant growth expected in the coming years [19]. Technological Advancements - Guoneng Rixin has developed a large model based on graph neural networks to enhance meteorological forecasting accuracy, improving power forecasting precision by 1-1.5% [30]. - The model is being integrated into both traditional power forecasting and innovative electricity trading services, providing clients with better decision-making support [30][32]. Cost Management and Profitability - The company has successfully controlled costs, leading to a significant increase in operating cash flow despite a decrease in overall gross margin due to a higher proportion of lower-margin equipment sales [34][35]. - The gross margin decline is attributed to the increased share of equipment sales, while service fees maintain a high gross margin of over 95% [35]. Future Outlook - The company is optimistic about achieving its annual targets and expects continued growth in both traditional and innovative business segments, particularly as market conditions evolve and regulatory frameworks mature [12][14]. - The electricity trading market is anticipated to grow significantly post-2027, driven by policy changes and increased market maturity [48]. Key Takeaways - Guoneng Rixin is well-positioned in the renewable energy sector with strong growth in revenue and profit. - The company is focusing on expanding its service offerings and leveraging technology to enhance forecasting accuracy and operational efficiency. - Future growth is expected from both traditional power forecasting and innovative energy management solutions, with a keen eye on market developments and regulatory changes.

Group 1 - The company reported a total operating revenue of 500 million yuan for the first three quarters of 2025, representing a year-on-year growth of 36.97%, and a net profit of 69 million yuan, up 59.97% year-on-year [1] - In Q3 alone, the revenue was 179 million yuan, showing a year-on-year increase of 27.12%, while the net profit reached 26 million yuan, marking a 72.14% year-on-year growth [1] - The growth in revenue and profit is primarily driven by the company's core business in power forecasting, with the "Kuangming" model updated to version 3.0, enhancing its capabilities in long-term trend prediction and extreme situation response [1] Group 2 - The release of the implementation plan for market-oriented reform of renewable energy pricing in Fujian Province marks a transition from subsidy dependence to market competition, expected to benefit the company's innovative business areas such as electricity trading, energy storage, and microgrids [2] - The company maintains a strong performance in its main business and anticipates positive prospects for its innovative business following policy changes, projecting revenues of 695 million, 895 million, and 1.17 billion yuan for 2025-2027, with corresponding net profits of 133 million, 160 million, and 195 million yuan [2] - The expected earnings per share (EPS) for the same period are projected to be 1.01 yuan, 1.21 yuan, and 1.47 yuan, with price-to-earnings (PE) ratios of 58.3, 48.5, and 39.9 respectively, maintaining a "buy" rating [2]

Core Insights - The company reported a revenue of 500 million for the first nine months of 2025, representing a year-over-year increase of 37.0%, with a net profit attributable to shareholders of 75.43 million, up 41.8% year-over-year [1] - In Q3 2025, revenue grew by 27.1% to 179 million, while net profit increased by 59.1% to 29.46 million, indicating strong performance despite a slowdown in revenue growth [1] - The company expects a rebound in revenue growth and gross margin in Q4 2025, driven by concentrated construction activities in the photovoltaic sector [1] Financial Performance - For Q3 2025, the company achieved a gross margin of 60.4%, slightly lower than the 61.4% in H1 2025, but is expected to improve as the proportion of power forecasting and electricity trading businesses increases [1] - Operating cash flow improved significantly, with cash received from sales and services increasing by 69.4% year-over-year, leading to a positive cash flow of 50.38 million [2] Cost Management - The company has effectively managed costs, with sales, management, and R&D expenses growing at rates lower than revenue growth, resulting in a decrease in the combined expense ratio from 51.3% to 42.1% [2] - Future expense growth may accelerate due to new business developments, but the overall trend of decreasing expense ratios is expected to continue [2] Market Opportunities - Continuous supportive policies from local governments are enhancing the power forecasting market for distributed photovoltaic systems, creating growth opportunities for the company [2] - The acceleration of the electricity spot market and the proliferation of virtual power plants are expected to provide a turning point for the company's electricity trading and virtual power plant businesses [2] Profit Forecast - The company has slightly adjusted its profit forecasts for 2025-2027, expecting net profits of 152 million, 252 million, and 322 million respectively, maintaining a target valuation of 62.00 yuan based on a 54x PE ratio for 2025 [3]