Group 1 - The company will hold a shareholder meeting on June 11, 2025, to discuss various proposals including the acquisition of a subsidiary and financial service agreements [2][3] - The board of directors emphasizes compliance with relevant laws and regulations, ensuring the protection of shareholder rights [4][5] - The company aims to enhance its governance and operational efficiency while maintaining transparency in its decision-making processes [6][7] Group 2 - In 2024, the company achieved a revenue of 7.315 billion yuan, with a net profit of 682 million yuan, reflecting a decrease in revenue by 4.67% compared to the previous year [30][34] - The company has received multiple awards for its contributions to the software and information service industry, highlighting its commitment to innovation and social responsibility [4][11] - The company plans to strengthen its digital transformation and energy innovation services, aligning with national policies and industry trends [11][12] Group 3 - The company has established a comprehensive internal control system to mitigate risks and ensure compliance with legal requirements [12][13] - The board of directors has set a goal to enhance its strategic planning and governance structure, focusing on high-quality development and digitalization [14][15] - The company is committed to maintaining a stable dividend policy, distributing 0.20705 yuan per share, which accounts for 30.04% of its net profit for 2023 [10][34]

Core Viewpoint - State Grid Corporation's subsidiary, State Grid Information Communication Co., Ltd. (国网信通), is acquiring 100% equity of Yili Technology for approximately 1.853 billion yuan, aiming to enhance its business scale and operational performance through resource integration [1][3]. Group 1: Acquisition Details - The acquisition involves a cash payment of approximately 1.853 billion yuan for Yili Technology, which is fully owned by State Grid Information Communication Industry Group Co., Ltd. (信产集团) [1][3]. - Yili Technology specializes in big data, smart office, and digital archives, aligning well with the core business of State Grid Information Communication [1][3]. - The acquisition includes Yili Technology's stakes in Fujian Yirong Information Technology Co., Ltd. (59.3%) and Fujian Yili Electric Technology Co., Ltd. (100%) [3]. Group 2: Financial Performance and Projections - Yili Technology is expected to achieve a total net profit of no less than 393 million yuan from 2025 to 2027, contributing positively to State Grid Information Communication's financial performance [2][5]. - The acquisition price reflects a significant premium, with an assessed value of Yili Technology at 1.853 billion yuan compared to a book value of 862 million yuan, resulting in a premium of 992 million yuan (115.09% increase) [4]. - In 2024, Yili Technology reported revenues of 3.191 billion yuan and a net profit of 134 million yuan, while the first quarter of 2024 showed revenues of 316 million yuan with a net loss of approximately 20.62 million yuan [4]. Group 3: Company Background and Strategic Goals - State Grid Information Communication was established following a major asset restructuring in 2019, transitioning from a hydropower company to a new information communication business [6][7]. - The company aims to become a leading energy digitalization and intelligence innovation enterprise, enhancing its core competitiveness and expanding its business scale through this acquisition [3][7]. - The company has shown stable revenue growth from 2019 to 2023, with total revenues of 77.65 billion yuan in 2019 and 76.73 billion yuan in 2023, alongside a consistent increase in net profits [7].