Group 1 - The company expects a net loss of between 190 million to 227 million yuan for the first half of 2025, with a non-recurring net loss between 190 million to 232 million yuan [1] - The company's power business has been significantly impacted by being blacklisted by the State Grid Corporation of China for two years and facing a 15-month market ban from the Southern Power Grid [1] - The company's revenue is highly dependent on policies and investment plans set by the State Grid and Southern Power Grid, leading to a substantial decline in order volume [1] Group 2 - In the first quarter of 2025, the company reported revenue of 227 million yuan, a year-on-year decrease of 51.5%, and a net loss of 139 million yuan, further widening the loss compared to the previous year [2] - The company acknowledges that the recovery of bidding qualifications from the Southern Power Grid will have a lagging effect on order support, and the risk of declining revenue will not ease in the short term [2] - The company has faced multiple investor lawsuits, with a total compensation amounting to 32,800 yuan as of the announcement date, excluding litigation fees [2]

Core Viewpoint - The legal opinion letter from Shanghai Dongfang Huayin Law Firm confirms that the differentiated dividend distribution plan proposed by Guodian Nari Technology Co., Ltd. complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [1][6]. Group 1: Reasons for Differentiated Dividend - On October 19, 2023, the company approved a plan to repurchase A-shares using self-owned funds between RMB 5 billion and RMB 10 billion, with a maximum repurchase price of RMB 34.05 per share, to be completed within 12 months [3][4]. - As of May 31, 2025, the company had repurchased 7,882,583 shares, accounting for 0.098% of the total share capital [3][4]. - The shares held in the repurchase account do not participate in profit distribution, leading to a difference in the total share capital for the dividend distribution [4]. Group 2: Differentiated Dividend Plan - The company plans to distribute a cash dividend of RMB 0.435 per share (tax included) to all shareholders, excluding the shares held in the repurchase account [4][5]. - The actual participating share capital for the dividend distribution is calculated to be 8,001,351,712 shares after excluding the repurchased shares [5][6]. Group 3: Calculation Basis for Differentiated Dividend - The closing price of the company's stock on June 5, 2025, was RMB 22.11 per share, with the total share capital before the dividend distribution being 8,032,088,259 shares [5][6]. - The impact of the repurchased shares on the ex-dividend reference price is minimal, calculated to be less than 1% [6]. Group 4: Conclusion - The legal opinion concludes that the differentiated dividend distribution plan is in accordance with the Company Law, Securities Law, and other relevant regulations, ensuring the protection of the interests of the company and its shareholders [6].