国家电网“小伙伴”，来了！

Group 1: Key Points on Jiyuan Group - Jiyuan Group is the largest global supplier of HMB raw materials, focusing on the research and development of dietary nutritional supplements [3][4] - The company has a total issuance of 50.01 million shares, with an online issuance of 12 million shares at an issuance price of 10.88 CNY per share and a P/E ratio of 25.51 [4] - In recent years, over 90% of Jiyuan Group's revenue has come from overseas markets, with projected revenues of 1.02 billion to 1.12 billion CNY for the first half of 2025, representing a year-on-year growth of 8.56% to 19.20% [5][13] Group 2: Financial Performance of Jiyuan Group - The company's revenue for 2022, 2023, and 2024 was 947 million, 892 million, and 1 billion CNY respectively, with net profits of 142 million, 160 million, and 174 million CNY [10] - The total assets are projected to reach 1.186 billion CNY in 2024, with a debt-to-asset ratio of 20.23% [11] - The company has maintained a consistent R&D investment ratio of around 4.96% of its revenue [11] Group 3: Key Points on Shanda Electric - Shanda Electric's issuance code is 301609, with an issuance price of 14.66 CNY per share and a P/E ratio of 19.57 [16] - The company primarily serves the State Grid and Southern Power Grid, with approximately 80% of its revenue derived from electric grid enterprises, 70% of which comes from the State Grid [18] - Shanda Electric's revenue for 2022, 2023, and 2024 was 478 million, 549 million, and 658 million CNY respectively, with net profits of 76.99 million, 103 million, and 127 million CNY [20] Group 4: Financial Performance of Shanda Electric - The total assets of Shanda Electric are expected to reach 1.127 billion CNY in 2024, with a debt-to-asset ratio of 45.37% [21] - The company anticipates a revenue of 280 million to 300 million CNY for the first half of 2025, reflecting a year-on-year growth of 13.55% to 21.66% [22]