Company Overview - TBEA Co., Ltd. is located in Changji City, Xinjiang Uygur Autonomous Region, established on February 26, 1993, and listed on June 18, 1997. The company primarily engages in power transmission and transformation, renewable energy, and energy-related businesses [1][2]. Financial Performance - As of March 31, 2025, TBEA reported operating revenue of 23.383 billion yuan, a year-on-year decrease of 0.77%, and a net profit attributable to shareholders of 1.6 billion yuan, down 19.74% year-on-year [2]. - The company has cumulatively distributed 15.118 billion yuan in dividends since its A-share listing, with 6.591 billion yuan distributed over the past three years [3]. Stock Performance - On August 27, TBEA's stock price fell by 2.06%, trading at 14.24 yuan per share, with a total market capitalization of 71.952 billion yuan. The stock has increased by 14.01% year-to-date, with a 5-day increase of 5.72%, a 20-day increase of 2.89%, and a 60-day increase of 24.37% [1]. - The stock experienced a net outflow of 225 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Structure - As of March 31, 2025, TBEA had 334,000 shareholders, a decrease of 0.44% from the previous period, with an average of 15,127 circulating shares per shareholder, an increase of 0.45% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Huatai-PB CSI 300 ETF, with both reducing their holdings compared to the previous period [3]. Business Segments - TBEA's main business revenue composition includes: electrical equipment products (22.87%), coal products (19.70%), renewable energy products and engineering (18.95%), wire and cable products (16.05%), aluminum electronic materials and aluminum alloy products (5.73%), power generation (5.73%), transmission and transformation engineering (5.04%), and others [1]. Industry Classification - TBEA is classified under the power equipment sector, specifically in the transmission and transformation equipment category, with involvement in concepts such as polysilicon, western development, ultra-supercritical power generation, DC transmission, and transformers [2].

Company Overview - Guodian NARI Technology Co., Ltd. is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province, and was established on February 28, 2001, with its listing date on October 16, 2003 [1] - The company specializes in power grid automation, industrial control (including rail transit), power generation and new energy, and energy conservation and environmental protection [1] - The main business revenue composition includes: smart grid 49.58%, digital energy integration 21.54%, low-carbon energy 21.22%, industrial interconnection 4.99%, integration and others 2.50%, and other businesses 0.16% [1] Financial Performance - As of March 31, 2025, Guodian NARI achieved operating revenue of 8.895 billion yuan, a year-on-year increase of 15.54%, and a net profit attributable to shareholders of 680 million yuan, a year-on-year increase of 14.19% [2] - The company has cumulatively distributed cash dividends of 23.134 billion yuan since its A-share listing, with 11.5 billion yuan distributed in the last three years [3] Stock Market Activity - On August 25, Guodian NARI's stock price increased by 2.01%, reaching 22.30 yuan per share, with a trading volume of 1.598 billion yuan and a turnover rate of 0.90%, resulting in a total market capitalization of 179.116 billion yuan [1] - Year-to-date, the stock price has decreased by 10.03%, with a 2.34% increase over the last five trading days, a 0.72% increase over the last 20 days, and a 2.50% increase over the last 60 days [1] - As of March 31, 2025, the number of shareholders increased to 110,100, a rise of 41.36%, while the average circulating shares per person decreased by 29.15% to 72,656 shares [2] Institutional Holdings - As of March 31, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 1.117 billion shares, a decrease of 47.293 million shares from the previous period [3] - Other notable institutional shareholders include Huaxia SSE 50 ETF, Huatai-PB CSI 300 ETF, and E Fund CSI 300 ETF, all of which have seen a decrease in their holdings [3]