Financial Performance - The company achieved total operating revenue of RMB 60.677 billion in 2023, an increase of 9.60% compared to RMB 55.364 billion in 2022[4]. - The net profit attributable to shareholders was RMB 3.550 billion in 2023, reflecting a growth of 24.23% from RMB 2.858 billion in 2022[4]. - Basic earnings per share increased to RMB 1.14 in 2023, up from RMB 0.92 in 2022[4]. - Total revenue for 2023 reached CNY 60.68 billion, an increase of 9.4% compared to CNY 55.36 billion in 2022[17]. - Net profit for 2023 was CNY 3.64 billion, up 20.9% from CNY 3.01 billion in 2022[19]. - Total assets reached RMB 121.108 billion at the end of 2023, an increase from RMB 115.344 billion in 2022[8]. - The total equity attributable to shareholders reached CNY 37.24 billion in 2023, an increase of 6.4% from CNY 34.99 billion in 2022[14]. - The average return on equity increased to 9.82%, up by 1.39 percentage points compared to the previous year[55]. Orders and Revenue Growth - New orders amounted to approximately RMB 86.532 billion in 2023, representing a 31.95% increase from RMB 65.579 billion in 2022[4]. - Total revenue for the current year is CNY 60,676,613,395.82, compared to CNY 55,363,782,450.06 in the previous year, indicating a year-over-year increase of about 9.5%[40]. - Revenue from clean and efficient energy equipment increased by RMB 5.905 billion, a growth of 40.21% year-on-year[76]. - The company recorded new orders of RMB 86.532 billion, a year-on-year increase of 31.95%, with clean and efficient energy equipment accounting for 39.44%[56]. Assets and Liabilities - Current assets totaled RMB 75.689 billion as of December 31, 2023, compared to RMB 67.424 billion at the end of 2022[7]. - Total liabilities increased to RMB 79.888 billion in 2023, compared to RMB 76.709 billion in 2022[12]. - The company's asset-liability ratio decreased to 65.96%, down 0.54 percentage points from the previous year[100]. - The net accounts receivable as of December 31, 2023, is CNY 10,714,105,864.95, up from CNY 10,095,931,789.15 in the previous year, reflecting an increase of approximately 6.1%[27]. Research and Development - Research and development expenses increased to CNY 2.75 billion in 2023, up from CNY 2.28 billion in 2022, indicating a growth of 20.8%[17]. - R&D expenses grew by 20.85% year-on-year, reflecting increased investment in research and development[71]. - R&D investment intensity is maintained at over 5.5%, with a focus on high-end, intelligent, and green development of equipment manufacturing[118]. Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 4.75 per 10 shares for the 2023 fiscal year, subject to shareholder approval[4]. - The company plans to distribute a cash dividend of RMB 4.75 per 10 shares, totaling RMB 1.480 billion before tax for the fiscal year 2023[54]. Operational Efficiency and Cost Management - The company implemented a comprehensive cost management approach, enhancing operational efficiency[62]. - Operating expenses were reported at 10.99 billion, with a focus on optimizing cost structures to improve overall profitability[51]. - The company will implement strict cost control measures to improve profitability amidst competitive pricing pressures[133]. Market Expansion and Strategic Initiatives - The company is focusing on strategic acquisitions to bolster its market position, with an estimated investment of 12.67 billion planned for the upcoming fiscal year[50]. - The company aims to enhance its market expansion efforts both domestically and internationally, focusing on maintaining a stable order volume and solidifying its position in traditional industries while advancing into new sectors[116]. - The company plans to strengthen energy technology innovation and enhance the reliability of new energy sources[107]. Talent Development and Corporate Governance - The company has strengthened its talent pool by recruiting 125 high-level talents and training 145 experts[65]. - The company established a comprehensive compensation management system focusing on "strategic leadership, performance linkage, and efficiency adjustment" to optimize salary management and ensure differentiated compensation based on functional nature and contribution levels[145]. - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations during the reporting period[151].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 2023年第三季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條和第 13.10B條及香港法例第571章證券及期貨條例第XIVA部 刊 發。 下文載列截至2023年9月30日止九個月（「報告期」）東方電氣股份有限公司（「公 司」或「東方電氣」）及 其 附 屬 公 司 的2023年 第 三 季 度 報 告。該 報 告 所 載 的 財 務 報 告 乃 根 據 中 國 企 業 會 計 準 則 編 製，且 未 經 審 計。 本 公 告 以 中 英 文 兩 種 語 言 編 製。如 中 英 文 版 本 有 任 何 歧 義，概 以 中 文 版 本 為 準。 承董事會命 東方電氣股份有限公司 馮 勇 聯席公司秘書 中 國‧四川省‧成都 2023年10月30日 – 1 – 於 本 公 告 刊 發 日 期，公 司 董 事 如 下： 董 ...

Financial Performance - Total operating revenue for the first half of 2023 reached RMB 29.92 billion, an increase of 7.19% compared to RMB 27.91 billion in the same period of 2022[8] - Net profit attributable to shareholders was RMB 2.00 billion, reflecting a year-on-year growth of 12.85% from RMB 1.77 billion[8] - The net profit after deducting non-recurring gains and losses increased by 26.50%, amounting to RMB 1.82 billion compared to RMB 1.44 billion in the previous year[8] - Basic earnings per share for the first half of 2023 were RMB 0.64, a 12.28% increase from RMB 0.57 in the same period last year[10] - The weighted average return on equity increased to 5.66%, up 0.28 percentage points from 5.38% in the previous year[10] - The company reported a net cash flow from operating activities of RMB (2.21) billion, compared to RMB 2.40 billion in the same period last year, indicating a significant change[8] - The total operating revenue for the reporting period was RMB 29.915 billion, an increase of 7.19% compared to the same period last year[35] - Net profit attributable to shareholders was RMB 2.002 billion, representing a year-on-year growth of 12.85%[35] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1.819 billion, up 26.50% year-on-year[35] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 126.47 billion, a 9.72% increase from RMB 115.27 billion at the end of 2022[9] - The company's net assets attributable to shareholders rose to RMB 35.83 billion, up 2.41% from RMB 34.98 billion at the end of 2022[9] - The asset-liability ratio at the end of the period was 68.53%, an increase of 2.04 percentage points from the beginning of the year, indicating a controllable risk in the asset structure[60] - The company’s cash and cash equivalents increased by 22.48% compared to the end of the previous year, amounting to RMB 18,419,338,817.50[53] - The accounts receivable rose by 33.18% year-on-year, reflecting growth in sales revenue[55] Revenue Breakdown - The company realized a new effective order of RMB 48.857 billion, representing a year-on-year increase of 33.29%[26] - Clean and efficient energy equipment accounted for 42.96% of the new orders, while renewable energy equipment made up 23.65%[26] - Revenue from renewable energy equipment decreased by 14.99% year-on-year, primarily due to intense competition in the wind power sector, which saw an 18.86% decline in revenue[47] - Revenue from clean and efficient energy equipment increased by 16.86% year-on-year, driven by a recovery in the coal power market, with coal power revenue rising by 18.52%[48] - Engineering and trade revenue surged by 36.31% year-on-year, mainly due to increased trade income, with a gross margin improvement of 6.58 percentage points[48] - The modern manufacturing service sector's revenue grew by 3.51% year-on-year, attributed to increased power station service income, with a gross margin increase of 5.40 percentage points[51] Research and Development - Research and development expenses increased by 13.27% to RMB 1.071 billion, reflecting a commitment to enhancing R&D investment[38] - The company established the Yangtze River Delta Innovation Research Institute to enhance innovation capabilities[28] - The company launched the world's first offshore wind power desalination seawater direct electrolysis hydrogen production technology[28] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The company is focusing on enhancing its cost management and operational efficiency to improve overall value creation capabilities[35] - The establishment of a collaborative mechanism among overseas business platforms is underway, promoting resource sharing and coordinated development[35] - The company aims to accelerate the development of strategic emerging industries and continue to promote industrial structure adjustments in the second half of 2023[87] Shareholder Information - The company distributed a cash dividend of RMB 3.35 per 10 shares, totaling RMB 1,044,708,822.00 (pre-tax) for the fiscal year 2022[107] - The company proposed no interim dividend for the six months ending June 30, 2023, consistent with the previous year[108] - A total of 885.2565 million A-shares were released from restrictions on January 9, 2023, following the completion of the second lock-up period of the 2019 A-share restricted stock incentive plan[119] - The company repurchased and canceled 274,000 A-shares from 13 incentive recipients who no longer met the incentive criteria[114] - The total number of shares at the end of the reporting period was 3,118,533,797, with a decrease of 274,000 shares during the period[168] Risk Management - The company faces risks related to international operations due to geopolitical factors and aims to enhance its overseas marketing capabilities[78] - The company is addressing price risks in the wind power sector by improving cost control and adapting to low-price competition[80] - The company is focusing on strengthening accounts receivable management to mitigate risks associated with project financing difficulties[83] Corporate Governance - The board of directors has adopted a standard code of conduct for securities trading by directors and supervisors, confirming compliance during the reporting period[116] - The audit and risk committee has reviewed and approved the interim results for the six months ending June 30, 2023, and agreed on the accounting treatment methods adopted by the company[117] - The company has not engaged in any significant acquisitions or disposals of subsidiaries or joint ventures during the reporting period[114]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 中 期 業 績 公 告 業績摘要 2023年 上 半 年，本 集 團 實 現 營 業 總 收 入 為 人 民 幣299.15億 元，較 上 年 同期增長7.19%； 2023年上半年，本集團實現歸屬母公司股東淨利潤為人民幣 20.02億元， 較上年同期增長12.85%； ...

证券代码：600875 证券简称：东方电气 公告编号：2023-051 东方电气股份有限公司 关于召开 2023 年半年度网上业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 8 月 25 日至 8 月 30 日 16:00 前通过公司邮箱 dsb@dongfang.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 东方电气股份有限公司（简称公司）将于 2023 年 8 月 31 日披露公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年上半年经营成 果、财务状况，公司计划于 2023 年 8 月 31 日上午 10:00-11:00 举行 2023 年半 年度网上业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动方式召开，公司将针对 2023 年上半年经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召 ...

上市保荐书 保荐机构（主承销商） 中信证券股份有限公司 关于 东方电气股份有限公司 2023 年度向特定对象发行 A 股股票 之 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二三年八月 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐人"或"保荐机构"） 接受东方电气股份有限公司（以下简称"东方电气"、"发行人"或"公司"）的 委托，担任其 2023 年度向特定对象发行 A 股股票的保荐人。 中信证券及保荐代表人根据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司证券发行注册管理办法》等有关法律、行政法规和中国证券监 督管理委员会及上海证券交易所的规定，诚实守信，勤勉尽责，严格按照依法制 订的业务规则和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、 完整。 （本上市保荐书中如无特别说明，相关用语与《东方电气股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》中的含义相同） 3-2-1 | 声 明 1 | | --- | | 目 录 2 | | 一、发行人概况 3 | | 二、发行人本次发行情况 9 | | 三、项目保荐代表人、协办人及项目组 ...

A 股证券简称：东方电气 证券代码：600875 H 股证券简称：东方电气 证券代码：1072 东方电气股份有限公司 Dongfang Electric Corporation Limited （注册地址：成都市高新西区西芯大道 18 号） 2023 年度向特定对象发行 A 股股票 募集说明书 （注册稿） 保荐机构（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二三年八月 东方电气股份有限公司 募集说明书（注册稿） 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假记 载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、准确、完整。 上海证券交易所、中国证监会对本次发行所作的任何决定或意见，均不表明 其对申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何 与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引 ...

金杜律师事务所 KING&WCOD MALLESONS 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编:100020 18th Floor, East Tower, World Financial Center 1 Dongsanhuan Zhonglu Chaoyang District Beijing, 100020 P.R. China T +86 10 5878 5588 F +86 10 5878 5566/5599 www.kwm.com 北京市金杜律师事务所 关于东方电气股份有限公司 向特定对象发行 A 股股票 的 法律意见书 二〇二三年四月 4-1-1 致:东方电气股份有限公司 北京市金杜律师事务所(以下简称本所)接受东方电气股份有限公司(以下简称发 行人)委托,担任发行人本次在中国境内向包括控股股东中国东方电气集团有限公司(以 下简称东方电气集团>在内的不超过 35 名特定对象发行不超过 272,878,203 股 A 股股 票(以下简称本次发行)的专项法律顾问。 本所根据《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》)、《上市 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 第 一 季 度 報 告 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第13.09條 和 第 13.10B條及香港法例第571章證券及期貨條例第XIVA部刊發。 下文載列截至2023年3月31日止三個月（「報告期」）東方電氣股份有限公司（「公 司」或「東 方 電 氣」）及 其 附 屬 公 司 的2023年 第 一 季 度 報 告。該 報 告 所 載 的 財務報告乃根據中國企業會計準則編製，且未經審計。 ...

Financial Performance - The company achieved total operating revenue of 55.353 billion yuan in 2022, representing a year-on-year growth of 15.76%[4] - The total profit for the year was 3.325 billion yuan, an increase of 24.67% compared to the previous year[4] - The net profit attributable to the parent company was 2.855 billion yuan, with a proposed cash dividend of 3.35 yuan per 10 shares, totaling 1.045 billion yuan[2] - Total operating revenue for 2022 reached RMB 55.35 billion, a 15.76% increase from RMB 47.82 billion in 2021[15] - Net profit attributable to shareholders for 2022 was RMB 2.85 billion, representing a 24.71% increase from RMB 2.29 billion in 2021[15] - The net profit after deducting non-recurring gains and losses was RMB 2.38 billion, up 35.09% from RMB 1.76 billion in 2021[15] - Basic earnings per share for 2022 increased to RMB 0.92, a 26.03% rise compared to RMB 0.73 in 2021[17] - Cash flow from operating activities for 2022 was RMB 8.41 billion, a significant recovery from a negative cash flow of RMB 4.42 billion in 2021[15] - The company’s total assets as of the end of 2022 were RMB 115.27 billion, an 11.79% increase from RMB 103.10 billion in 2021[15] - The net assets attributable to shareholders increased by 7.64% to RMB 34.98 billion from RMB 32.50 billion in 2021[15] Technological Innovation - The company completed the first domestically developed F-class 50MW heavy-duty gas turbine, showcasing significant technological innovation[4] - The company has implemented a three-year action plan for technological innovation and established a comprehensive medium- and long-term technological innovation planning system[4] - The company has developed a comprehensive high-end energy equipment manufacturing and service system, capable of producing 1 million kilowatt-level hydropower units and 1.35 million kilowatt-level ultra-supercritical thermal power units[34] - The company completed the construction of 6 digital workshops and achieved a maturity level of 3 for intelligent manufacturing at Dongfang Turbine and Dongfang Electric[27] - The company is actively engaged in digital transformation, enhancing management digitization and product intelligence, with new digital service products developed[27] - The company holds a total of 3,336 valid patents, including 1,282 invention patents, reflecting its strong technological innovation capabilities[35] Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[18] - New orders amounted to RMB 65.579 billion, a year-on-year increase of 16.29%, with clean and efficient energy equipment accounting for 33.07%[25] - The company secured orders for a 308 MW solar photovoltaic project in Azerbaijan and a 500 MW project in Uzbekistan, achieving breakthroughs in overseas markets[25] - The company is focusing on market expansion by strengthening marketing systems and increasing international market development efforts[91] - The company aims to enhance contract performance capabilities by improving core production capacity and implementing effective capacity enhancement plans[90] Environmental Responsibility - The company reported a total pollutant discharge of 85.47 tons for COD, which is below the standard limit of 500 mg/L[194] - The ammonia nitrogen discharge was recorded at 19.58 tons, also compliant with the regulatory standards[194] - The company has implemented pollution prevention measures, focusing on energy consumption and pollutant discharge reviews for fixed asset investment projects[195] - Environmental monitoring plans have been established, with third-party professional organizations conducting environmental risk assessments[198] - The company has not faced any administrative penalties due to environmental issues during the reporting period[198] - The company has a comprehensive emergency response plan for environmental incidents, ensuring readiness for sudden environmental events[197] - The company adheres to national environmental laws and holds the necessary pollutant discharge permits[196] - The company has established online monitoring equipment for environmental assessments, ensuring compliance with monitoring requirements[198] - The company has successfully maintained pollutant emissions below the set standards across various categories, including noise and sulfur dioxide[194] - The company achieved a nearly 70% share of "green electricity" by utilizing hydropower resources in Sichuan Province through direct electricity purchases[199] Corporate Governance - The company emphasizes its commitment to corporate governance, adhering to all applicable provisions of the Corporate Governance Code as per the Hong Kong Listing Rules[128] - The board of directors consists of 8 members, including 3 independent non-executive directors, and held 14 meetings during the reporting period[122] - The company has established five specialized committees within the board to enhance governance, including the Nomination Committee and the Audit and Risk Management Committee[128] - The company has arranged appropriate liability insurance for its directors to cover potential compensation liabilities[101] - The company aims to enhance transparency and shareholder returns through strict corporate governance practices[128] - The company has established a cash dividend policy, stipulating that if the net profit attributable to shareholders is positive, at least 30% of the average distributable profit over the last three years must be distributed in cash[179] Risk Management - The company is establishing a robust risk management mechanism to identify, assess, and respond to major operational risks[94] - The company actively identifies and mitigates risks through regular assessments and targeted inspections, promoting compliance and governance[176] - The company is addressing accounts receivable risks by maintaining communication with clients and exploring various cooperation methods[96] - The company is implementing cost control measures to mitigate pricing risks in a competitive market environment[97] Social Responsibility - The group made charitable donations amounting to approximately RMB 21.64 million during the year ending December 31, 2022[107] - The company maintained stable and good relationships with customers and suppliers, emphasizing talent development and corporate responsibility[102] Future Outlook - The company aims to achieve a power generation equipment output of 47.72 million kilowatts in 2023, indicating a focus on increasing production capacity[86] - The expected growth in national electricity consumption for 2023 is approximately 6%, with a total installed power generation capacity projected to reach around 2.5 million kilowatts[83] - The company plans to enhance its operational efficiency by reducing the cost-to-revenue ratio and improving net asset return rates[87] - The company is committed to advancing its green and digital transformation strategies to ensure high-quality development in 2023[85]