Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board of directors and senior management declare the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility; no cash dividends, bonus shares, or capital reserve conversions are planned for this reporting period - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility[5](index=5&type=chunk) - Company head Xu Wenjin, chief accountant Li Zhengxin, and head of accounting department Li Jingyi declare to guarantee the truthfulness, accuracy, and completeness of the financial report[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section outlines the report's structure, covering company profile, financial indicators, management discussion, corporate governance, significant matters, share changes, bond information, financial reports, and other data [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including regulatory bodies, exchanges, shareholders, and company/subsidiary abbreviations, for clear understanding - In the report, 'Company', 'this Company', and 'Jiangsu Guoxin' all refer to Jiangsu Guoxin Co., Ltd[11](index=11&type=chunk) - 'Guoxin Group' refers to Jiangsu Guoxin Group Co., Ltd., the company's controlling shareholder[11](index=11&type=chunk) - 'Jiangsu Trust' refers to Jiangsu International Trust Co., Ltd., the core subsidiary of the company's financial segment[11](index=11&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Jiangsu Guoxin Co., Ltd., stock code **002608**, is listed on the **Shenzhen Stock Exchange**, with **Xu Wenjin** as its legal representative - Company stock abbreviation: **Jiangsu Guoxin**, stock code: **002608**[14](index=14&type=chunk) - Company stock exchange: **Shenzhen Stock Exchange**[14](index=14&type=chunk) - Company legal representative: **Xu Wenjin**[14](index=14&type=chunk) [Contact Person and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact information for Board Secretary Gu Zhonglin and Securities Affairs Representative Sun Baoli, including address, phone, fax, and email, for investor communication - Board Secretary: **Gu Zhonglin**, contact phone: **025-84679116**, **025-84679126**[15](index=15&type=chunk) - Securities Affairs Representative: **Sun Baoli**, contact address: **No. 88 Changjiang Road, Xuanwu District, Nanjing**[15](index=15&type=chunk) [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, the company's contact information, disclosure, and filing locations, and other relevant data remained unchanged, as detailed in the 2024 annual report - Company registered address, office address, website, and email remained unchanged during the reporting period[16](index=16&type=chunk) - Information disclosure and filing locations remained unchanged during the reporting period[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, total operating revenue decreased by **11.75%** year-on-year, but net profit attributable to shareholders increased by **3.96%**, and non-recurring net profit grew by **9.13%**, with operating cash flow surging by **104.51%** H1 2025 Key Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 15,688,173,077.97 | 17,776,383,810.27 | -11.75% | | Net Profit Attributable to Shareholders of Listed Company | 2,029,831,323.72 | 1,952,440,167.30 | 3.96% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 1,945,552,078.98 | 1,782,780,322.04 | 9.13% | | Net Cash Flow from Operating Activities | 3,286,288,627.05 | 1,606,918,452.96 | 104.51% | | Basic Earnings Per Share (CNY/share) | 0.5373 | 0.5168 | 3.97% | | Diluted Earnings Per Share (CNY/share) | 0.5373 | 0.5168 | 3.97% | | Weighted Average Return on Net Assets | 6.07% | 6.51% | -0.44% | | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End (%)** | | | Total Assets | 99,215,656,754.16 | 95,921,275,317.16 | 3.43% | | Net Assets Attributable to Shareholders of Listed Company | 34,061,569,032.64 | 32,466,598,577.93 | 4.91% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[20](index=20&type=chunk) - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[21](index=21&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for this period amounted to **CNY 84.28 million**, primarily from government grants, fair value changes in financial assets, and other non-operating income/expenses H1 2025 Non-Recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -246,569.68 | | Government grants recognized in current profit or loss | 62,295,790.04 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, excluding effective hedge accounting related to normal business operations, and gains or losses from disposal of financial assets and liabilities | 73,091,584.44 | | Other non-operating income and expenses apart from the above | 8,481,899.19 | | Less: Income tax impact | 36,838,539.04 | | Impact on minority interests (after tax) | 22,504,920.21 | | **Total** | **84,279,244.74** | - The company had no other profit or loss items meeting the definition of non-recurring gains and losses[24](index=24&type=chunk) - The company did not classify any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 for Information Disclosure by Companies Issuing Securities - Non-Recurring Gains and Losses' as recurring gains and losses[24](index=24&type=chunk) Management Discussion and Analysis [Company's Main Business Activities During the Reporting Period](index=9

Investment Rating - The report maintains an "Outperform" rating for the industry [7] Core Insights - The report highlights a significant increase in electricity consumption due to high temperatures, with total electricity usage reaching 10,226 billion kWh in July, a year-on-year growth of 8.6% [3][80] - The "Ningdian into Hunan" project, China's first approved ultra-high voltage transmission line primarily for renewable energy, has commenced operation, enhancing electricity supply capabilities in Hunan [4][63] Summary by Sections Market Review - From August 18 to August 22, the environmental sector rose by 2.15%, the electricity sector by 1.51%, while the gas sector fell by 1.13%, against a 4.18% increase in the CSI 300 index [13][14] Industry Dynamics - In July, the electricity generation from major industries was 9,267 billion kWh, with a year-on-year increase of 3.1%. The growth rates for various energy sources were as follows: thermal power increased by 4.3%, wind power by 5.5%, solar power by 28.7%, while hydropower saw a decline of 9.8% [34][41] - The report notes that July's rainfall was 6.2% below the historical average, impacting water resource availability and consequently hydropower generation [35][40] Investment Recommendations - The report recommends investing in the thermal power sector, specifically suggesting Jiangsu Guoxin, while cautiously recommending Sheneng Co. and Zhejiang Energy. It also advises attention to Funiu Co. and Huadian International [5] - For the nuclear power sector, it cautiously recommends China National Nuclear Power and China General Nuclear Power. In the green energy sector, it suggests focusing on Three Gorges Energy and Jiangsu New Energy [5]

Core Viewpoint - The legal opinion letter from Dentons (Nanjing) Law Firm confirms the legality of the procedures and qualifications related to Jiangsu Guoxin Co., Ltd.'s 2025 Second Extraordinary General Meeting of Shareholders [1][2][10] Group 1: Meeting Procedures - The meeting was proposed and convened by the Board of Directors, with the notice and agenda published on August 7, 2025 [4] - The meeting utilized a combination of on-site and online voting, with specific time slots for online voting on August 22, 2025 [4][6] - The procedures for convening and holding the meeting complied with relevant laws, regulations, and the company's articles of association [4][10] Group 2: Attendance and Voting - A total of 162 shareholders and representatives attended the meeting, representing 3,247,191,134 shares, which is 85.9482% of the total voting shares [5][6] - The meeting's attendees included 4 on-site shareholders representing 3,236,863,120 shares (85.6748% of total shares) and 158 online voters representing 10,328,014 shares (0.2734% of total shares) [6] - The qualifications of the attendees and their representatives were verified as legitimate and in accordance with legal requirements [5][10] Group 3: Proposals and Voting Results - The meeting reviewed three proposals as outlined in the notice, and the actual matters discussed were consistent with the notice [7] - Voting was conducted through a registered method for on-site attendees and online voting, with results announced immediately after [7][10] - The proposals received a majority approval, with 3,244,333,037 shares voting in favor, representing a significant majority of the valid voting shares [8][10]

证券代码：002608 证券简称：江苏国信 公告编号：2025-039 江苏国信股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 一、会议召开情况 （1）现场会议时间：2025年8月22日（星期五）下午14:30召开。 现场会议召开地点：南京市玄武区长江路88号国信大厦会议厅。 （2）网络投票时间：2025年8月22日。其中，通过深圳证券交易 所交易系统进行网络投票的具体时间为2025年8月22日的交易时间， 即9:15-9:25，9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投 票的具体时间为2025年8月22日09:15至15:00期间的任意时间。 法规和《公司章程》的规定。 二、会议出席情况 本次股东大会以现场书面表决与网络投票相结合的方式审议通 过了以下议案。表决情况如下： 表决结果：赞成票 3,244,333,037 股，占出席会议有表决权股份 的 99.9120%；反对票 2,668,987 股，占出席会议有表决权股份的 其中，中小投资者的表决情况为：赞成票 177,171,466 股，占出 席会 议 ...

证券代码：002608 证券简称：江苏国信 公告编号：2025-039 江苏国信股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1. 本次股东大会无增加、变更、否决议案的情况。 2. 本次股东大会以现场书面表决与网络投票相结合的方式召开。 一、会议召开情况 1. 会议召开时间： （1）现场会议时间：2025年8月22日（星期五）下午14:30召开。 现场会议召开地点：南京市玄武区长江路88号国信大厦会议厅。 （2）网络投票时间：2025年8月22日。其中，通过深圳证券交易 所交易系统进行网络投票的具体时间为2025年8月22日的交易时间， 即9:15-9:25，9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投 票的具体时间为2025年8月22日09:15至15:00期间的任意时间。 2. 会议召集人：公司董事会 4. 会议主持人：董事长徐文进先生 5. 本次股东大会的召集、召开与表决程序符合《公司法》等法律、 法规和《公司章程》的规定。 二、会议出席情况 出席本次股东大会 ...

dentons.cn 北 京 大 成 （ 南 京 ） 律 师 事 务 所 关 于 江 苏 国 信 股 份 有 限 公 司 2025 年 第 二 次 临 时 股 东 大 会 的 法 律 意 见 书 南京市鼓楼区集慧路 18 号联创大厦 A 座 7-11 层（210036） 18 Jihui Road, 7-11/F of Building A, Lianchuang Mansion, Gulou District,Nanjing,China,210036 Tel: +86-25-8375 5101 Fax: +86-25-8375 5005 dentons.cn 北京大成（南京）律师事务所 关于江苏国信股份有限公司 2025 年第二次临时股东大会的法律意见书 致：江苏国信股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司 法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股东会规则》（以 下简称"《股东会规则》"）等法律、法规和其他有关规范性文件的要求，北京大成（南 京）律师事务所（以下简称"本所"）接受江苏国信股份有限公司（以下简称"公司"）的 委托，指派 ...

Group 1 - The core viewpoint of the article highlights the growth potential of China's nuclear power generation industry, with a projected production of 394 billion kilowatt-hours by June 2025, representing a year-on-year increase of 10.3% [1] - In the first half of 2025, China's cumulative nuclear power generation is expected to reach 2362.8 billion kilowatt-hours, reflecting a cumulative growth of 11.3% [1] - The article lists several publicly listed companies in the nuclear energy sector, including China General Nuclear Power (003816), China National Nuclear Power (601985), and others, indicating a diverse investment landscape [1] Group 2 - Zhiyan Consulting is identified as a leading industry consulting firm in China, specializing in in-depth industry research reports and providing comprehensive consulting services to support investment decisions [3] - The firm has over a decade of experience in the industry research field, emphasizing its expertise and market insight [3]

Core Viewpoint - Jiangsu Guoxin's stock price closed at 7.50 yuan on August 11, 2025, reflecting a decline of 1.06% from the previous trading day [1] Company Overview - Jiangsu Guoxin primarily engages in the electricity sector, with business operations including power generation and heating [1] - The company is a significant energy enterprise within Jiangsu Province [1] Market Performance - On August 11, 2025, the trading volume for Jiangsu Guoxin was 22.24 million shares, with a total transaction value of 166.7 million yuan [1] - The net inflow of main funds on that day was 12.62 million yuan, with a cumulative net inflow of 2.87 million yuan over the past five trading days [1] Financial Metrics - The current price-to-earnings (P/E) ratio for Jiangsu Guoxin is 8.20 times, while the price-to-book (P/B) ratio stands at 0.87 times [1]

Investment Rating - The report assigns an "Overweight" rating to the non-bank financial industry, indicating a positive outlook for the sector relative to the broader market over the next six months [1][35]. Core Insights - The non-bank financial index increased by 0.6% last week, outperforming the CSI 300 index by 0.6 percentage points, with both brokerage and insurance indices showing synchronized upward trends [3][8]. - The report highlights a significant increase in new A-share accounts, with a year-on-year growth of 70.5% in July, reflecting improved market activity and investor sentiment [4]. - The report emphasizes the ongoing policy support for the commercial health insurance sector, which is expected to drive high-quality development and innovation within the industry [4]. Summary by Sections Market Review - The Shanghai Composite Index rose by 2.1%, while the Shenzhen Component Index and CSI 300 both increased by 1.2% last week [8]. - The non-bank financial index saw a 0.6% increase, with the brokerage index up by 0.8% and the insurance index up by 0.3% [8]. Market Data Tracking - The average daily trading volume for stock funds was 20,578 billion yuan, a decrease of 7.1% from the previous week [17]. - The margin trading balance reached 2.01 trillion yuan, reflecting a 1.5% increase week-on-week [17]. Industry News - The Shanghai Financial Regulatory Bureau and other departments issued measures to promote the high-quality development of commercial health insurance, focusing on expanding coverage and encouraging innovation [33]. - The Securities Industry Association released a draft standard for the stability of information systems in the securities industry, aimed at enhancing the sector's resilience against technical risks [33].

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, indicating a significant role in capital operations [1][3]. Salary Overview - The average salary for company secretaries in the public utility and power sector is approximately 750,600 yuan, with the highest salary being 1.8562 million yuan and the lowest at 162,900 yuan [1]. - The overall salary distribution shows that the majority, 49 individuals, earn between 500,000 to 1 million yuan, accounting for 59% of the total [1]. Salary Changes - The average salary in 2024 increased by 31,700 yuan compared to 2023, representing a growth rate of 12% [3]. - Notably, the salary of Fu Ying from Jin Fang Energy decreased by 514,000 yuan, a decline of 41%, marking the largest drop in both amount and percentage [3]. Age Distribution - The average age of company secretaries is approximately 47.9 years, with the largest age group being 50-59 years, comprising 39 individuals, or about 47% [3]. - The oldest secretary is 62 years old, while the youngest is 33 years old, with respective salaries of 728,000 yuan and 293,300 yuan [3]. Educational Background - The educational distribution shows that 46 secretaries hold a master's degree, 32 have a bachelor's degree, 3 have an associate degree, and 1 has a secondary vocational degree, with average salaries of 782,300 yuan, 729,100 yuan, 670,300 yuan, and 249,900 yuan respectively [5]. - Zhao Xirui from Jingyuntong has the lowest salary among master's degree holders at 324,400 yuan [5]. Career Background - Secretaries with previous sell-side experience, such as Yang Ning from Jiazhe New Energy, Song Yufei from Shangaohuan Energy, and Fan Xiaobo from Jinkai New Energy, have achieved higher salary levels, earning 1.6059 million yuan, 1.0349 million yuan, and 813,300 yuan respectively [7][8]. Compliance Issues - A total of 7 secretaries received warnings or public notifications for compliance issues in 2024-2025 [8]. - Hu Suping from Meiyan Jixiang received 4 warnings for failing to disclose related party transactions and prematurely recognizing revenue, leading to significant financial misstatements [9][10].