NARI-TECH(SH:600406) Zheng Quan Zhi Xing·2025-08-27 10:06Core Viewpoint - The company has actively responded to the Shanghai Stock Exchange's initiative for quality improvement and return enhancement, implementing a comprehensive action plan for 2025 that focuses on operational efficiency and investor returns [1] Group 1: Operational Quality Improvement - The company signed new contracts worth 35.432 billion yuan, a year-on-year increase of 23.46%, and achieved a basic earnings per share of 0.37 yuan [1] - Main business revenue in the power grid sector reached 13.070 billion yuan, up 15.56% year-on-year, while revenue from non-power grid sectors was 11.141 billion yuan, increasing by 24.72% [1] - Major projects have been successfully commissioned, including the Ningxia-Hunan ultra-high voltage project and various renewable energy projects [1] Group 2: Mechanism Reform and Internal Growth - The company has established cross-functional teams and research groups to enhance technological capabilities and market expansion in the energy sector [2] - A comprehensive evaluation mechanism for research activities has been implemented to identify valuable projects and improve research output [2] - The company has improved its organizational structure, moving from an administrative to a value-driven model, resulting in a rise in its ranking as a "model for scientific reform" [2] Group 3: Efficiency and Management - The company has made significant progress in talent acquisition, adding 1 national-level and 19 provincial-level talents, enhancing its workforce structure [3] - Non-production expenses have been strictly controlled, leading to a 0.6 percentage point improvement in the ratio of sales, management, and financial expenses to revenue [3] - The company has strengthened safety and risk management, with no significant safety incidents reported in the first half of the year [4] Group 4: Technological and Industrial Innovation - The company has engaged in significant technological projects, including offshore wind power and carbon accounting, and has achieved breakthroughs in various advanced technologies [4][5] - New products and platforms have been developed, enhancing the company's market presence in both power grid and non-power grid sectors [5] Group 5: Corporate Governance - The company has optimized its governance mechanisms, holding multiple board meetings and successfully completing the board and supervisory committee restructuring [6] - An ESG management system has been established, with the company receiving a "five-star" rating for its ESG report [7] Group 6: Investor Returns - The company plans to distribute a cash dividend of 0.57 yuan per share for the 2024 fiscal year, totaling 4.562 billion yuan, with a dividend payout ratio of approximately 39.79% for the mid-2025 dividend plan [8] - A share repurchase plan has been initiated, with a target of repurchasing between 500 million and 1 billion yuan worth of shares [8] Group 7: Investor Communication - The company has enhanced its information disclosure practices, ensuring compliance and improving the readability of reports [9] - A multi-channel communication network has been established to engage with investors, conducting 46 investor interactions in the first half of the year [9]