Zheng Quan Zhi Xing·2025-08-27 15:10Core Viewpoint - The company plans to adjust the expected annual limits for daily related transactions with China General Nuclear Power Group for the years 2025 to 2027, increasing the limits significantly to meet operational needs and project demands [1][2][21]. Summary by Sections Daily Related Transactions Overview - The company and its subsidiaries will engage in daily related transactions with China General Nuclear Power Group, with a total expected limit of RMB 56.55 billion for 2025, 2026, and 2027 [1][2]. - The expected limits for comprehensive services, technical support, and maintenance services will be increased to RMB 81.45 billion for 2025, RMB 83.35 billion for 2026, and RMB 89.35 billion for 2027 [2][21]. Adjusted Expected Limits - The adjusted expected limits for comprehensive services and technical support are as follows: - 2025: Increased from RMB 56.55 billion to RMB 81.45 billion - 2026: Increased from RMB 56.55 billion to RMB 83.35 billion - 2027: Increased from RMB 56.55 billion to RMB 89.35 billion [2][21]. Reasons for Adjustment - The increase in expected limits is due to: - Anticipated growth in demand for comprehensive services such as catering, property management, and transportation due to ongoing nuclear power projects [2][21]. - Increased technical service needs related to DCS supply, nuclear island design, and environmental services [2][21]. - Additional requirements for renewable energy project equipment inspection and testing services [2][21]. Financial Data of Related Parties - As of December 31, 2024, China General Nuclear Power Group reported total assets of RMB 10,715.72 billion and net assets of RMB 3,296.65 billion [5]. - The company has maintained a strong financial performance, with a total revenue of RMB 1,537.80 billion and a net profit of RMB 242.35 billion for the fiscal year 2024 [5]. Necessity and Fairness of Related Transactions - The related transactions are deemed necessary for the company's operational needs and are conducted under fair pricing principles based on market conditions and historical transaction volumes [21][23]. - Independent directors have approved the adjustments, confirming that the transactions do not harm the interests of the company or its shareholders [23].