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 last year[17]. - Net profit attributable to shareholders was RMB 2.00 billion, reflecting a growth of 12.85% from RMB 1.77 billion year-on-year[17]. - Basic earnings per share for the first half of 2023 were RMB 0.64, up 12.28% from RMB 0.57 in the same period last year[18]. - The company reported a significant increase of 26.50% in net profit after deducting non-recurring gains, reaching RMB 1.82 billion compared to RMB 1.44 billion in the previous year[17]. - The company's operating revenue for the current period is CNY 29.35 billion, representing a year-on-year increase of 7.40% compared to CNY 27.32 billion in the same period last year[30]. - The company reported a total of 36.14 tons of COD emissions, which is well below the standard limit of 500 mg/L, indicating compliance with environmental regulations[60]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -2.21 billion, compared to a positive RMB 2.40 billion in the previous year, indicating a significant change in cash flow dynamics[17]. - The total assets of the company increased by 9.72% to RMB 126.47 billion from RMB 115.27 billion at the end of the previous year[17]. - The company's cash and cash equivalents at the end of the period amounted to CNY 18.42 billion, an increase of 22.48% from CNY 15.04 billion at the end of the previous year[34]. - The total cash inflow from operating activities for the first half of 2023 was approximately RMB 24.94 billion, compared to RMB 24.40 billion in the same period last year, reflecting a slight increase of 2.2%[136]. - The net cash flow from investment activities was RMB 4.59 billion, a recovery from a negative RMB -8.44 billion in the same period last year[136]. Research and Development - Research and development expenses rose by 13.27% to CNY 1.07 billion, reflecting increased investment in R&D[31]. - The company launched the first commercial unit of the domestically developed F-class 50 MW heavy-duty gas turbine[27]. - The company established the Yangtze River Delta Innovation Research Institute to enhance innovation capabilities[27]. Market and Orders - The company secured new effective orders amounting to CNY 48.857 billion, a year-on-year increase of 33.29%[27]. - Clean and efficient energy equipment accounted for 42.96% of new orders, while renewable energy equipment made up 23.65%[27]. - The installed power generation capacity in China reached 2.71 billion kW, with a year-on-year growth of 10.8%[25]. Environmental Compliance - The company has implemented pollution prevention measures, ensuring effective operation of pollution control facilities to manage emissions from various sources[62]. - The company has established a carbon peak action plan, targeting a reduction of approximately 4,000 tons of carbon emissions annually from its comprehensive energy demonstration project[70]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, reflecting its commitment to compliance[66]. Shareholder and Management Changes - The company held its first temporary shareholders' meeting on February 24, 2023, where it approved the repurchase and cancellation of certain restricted stocks and elected Song Zhiyuan as a member of the tenth board of directors[55]. - The company experienced changes in its board and management, including the election of new members and the resignation of several executives[56]. - The company has not disclosed any new employee stock ownership plans or other incentive measures[59]. Financial Position and Equity - Total liabilities increased to ¥86.68 billion from ¥76.64 billion, a growth of approximately 13.3% year-over-year[121]. - Total equity reached ¥39.80 billion, compared to ¥38.62 billion, marking an increase of about 3.1%[121]. - The total equity attributable to the parent company at the end of the reporting period is approximately CNY 39.8 billion, a decrease from the previous period's CNY 38.6 billion[141]. Risk Management - The company faces risks related to international operations, including geopolitical factors and market price competition, particularly in the wind power sector[50]. - The company plans to enhance its international market coordination and improve overseas marketing capabilities to address internationalization risks[50]. - The company is focused on risk prevention and compliance management to ensure no major risks occur[29]. Community Engagement and Social Responsibility - The company invested a total of 16.65 million yuan in direct assistance and introduced 3.2 million yuan in aid funds in targeted poverty alleviation areas[71]. - A total of 1.41 million yuan was allocated for consumption assistance, and 433 training sessions were organized, resulting in 123 job placements[72]. - The company is actively promoting the "Hydrogen" project in Huhuo, which includes a comprehensive energy station and hydrogen vehicle operations[72].

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 ...

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 发行保荐书 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 声 明 中信证券股份有限公司（以下简称"中信证券"、"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 东方电气 2023 年度向特定对象发行 A 股股票（以下简称"本次证券发行"、"本 次向特定对象发行"或"本次发行"）的保荐机构，为本次发行出具发行保荐书。 中信证券及指定的保荐代表人根据《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》《证券发行上市保荐业务管理办 法》等有关法律、法规和中国证券监督管理委员会的有关规定，诚实守信，勤勉 尽责，严格按照依法制订的业务规则、行业执业规范和道德准则出具发行保荐书， 并保证所出具文件的真实性、准确性和完整性。 （本发行保荐书中所有简称和释义，如无特别说明，均与《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》一致） 3-1-1 | 声 | 明 1 | | - ...

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 ...

Financial Performance - Total operating income for Q1 2023 reached ¥14,717,057,814.50, an increase of 4.32% year-on-year[4] - Net profit attributable to shareholders was ¥1,019,048,037.33, reflecting a growth of 10.04% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥954,401,082.57, a significant increase of 43.94%[4] - Basic and diluted earnings per share were both ¥0.327, an increase of 10.10%[6] - The net profit for Q1 2023 was ¥1,081,476,346.18, an increase of 10.85% compared to ¥975,346,762.75 in Q1 2022[20] - The total profit for Q1 2023 was ¥1,206,423,780.70, an increase of 10.36% from ¥1,091,024,122.87 in Q1 2022[20] - The total comprehensive income attributable to the parent company's shareholders was ¥1,018,450,112.07, up from ¥926,098,425.77 in the same period last year, representing a growth of 9.93%[21] Cash Flow - The net cash flow from operating activities was -¥2,549,740,798.22, indicating a negative cash flow situation[6] - The company's cash flow from operating activities for Q1 2023 was RMB 5.123 billion, indicating strong operational performance[15] - Cash inflow from operating activities totaled ¥9,042,633,552.84, compared to ¥8,113,772,416.65 in the previous year, marking an increase of 11.43%[22] - The net cash flow from investing activities was ¥2,476,731,084.24, a significant improvement from a net outflow of ¥250,320,383.54 in Q1 2022[23] - The net cash flow from financing activities was ¥36,464,638.93, compared to ¥219,535,223.68 in the same quarter last year, indicating a decrease[23] - Net cash flow from operating activities for Q1 2023 was negative CNY 3.50 billion, a significant decline from negative CNY 1.61 billion in Q1 2022[30] - Cash inflow from operating activities totaled CNY 1.01 billion in Q1 2023, down from CNY 2.05 billion in Q1 2022, representing a decline of approximately 50.7%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥118,497,770,496.88, up 2.80% from the end of the previous year[6] - The company's total current assets as of March 31, 2023, amounted to RMB 72.026 billion, an increase from RMB 67.410 billion at the end of 2022[15] - The company’s total liabilities as of March 31, 2023, were RMB 45.123 billion, reflecting a stable financial position[15] - Total liabilities reached ¥78,774,458,869.31, up from ¥76,640,188,940.23, which is an increase of 2.8%[17] - The total assets as of March 31, 2023, were ¥40,757,448,721.13, down from ¥43,903,319,544.14 at the end of 2022[26] - The total liabilities decreased to ¥15,146,170,164.20 from ¥18,478,179,144.82 at the end of 2022[26] Investments and Orders - The company reported a significant increase in long-term equity investment income by 44.35% compared to the previous year[11] - New orders for the company reached RMB 22.615 billion in Q1 2023, representing a year-on-year increase of 26.06%, with clean and efficient energy equipment accounting for 37.58% of the total[14] - The company’s long-term equity investments reached RMB 2.527 billion as of March 31, 2023, compared to RMB 2.398 billion at the end of 2022[15] Research and Development - Research and development expenses for Q1 2023 were ¥518,969,374.40, compared to ¥454,694,464.23 in Q1 2022, indicating a growth of 14.1%[19] - Research and development expenses increased significantly to ¥71,741,765.82, up 114.4% from ¥33,419,072.42 in Q1 2022[28] Operational Performance - The company reported a total of 6.262 million kilowatts of power generation equipment output in Q1 2023, including 1.305 million kilowatts from hydropower generators, 3.846 million kilowatts from steam turbines, and 1.112 million kilowatts from wind turbines[14] - Operating income was ¥14,432,750,706.82, up from ¥13,818,651,935.10, reflecting a growth of 4.4% year-over-year[19] - Total operating costs amounted to ¥13,446,050,707.82, an increase from ¥13,180,477,745.91, representing a rise of 2.0%[19] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥12,653,674.03 from ¥24,192,113.15, a reduction of 47.5%[19] - The company reported an operating profit of ¥174,373,305.47, down from ¥239,448,689.65 in Q1 2022[28] Inventory and Cash Management - Cash and cash equivalents stood at RMB 15.331 billion as of March 31, 2023, compared to RMB 15.039 billion at the end of 2022[15] - The company’s inventory increased to RMB 18.965 billion in Q1 2023, up from RMB 18.455 billion at the end of 2022[15] - The company's cash and cash equivalents were ¥4,792,121,853.12, down from ¥8,293,786,594.85 at the end of 2022[25] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 4.79 billion, compared to CNY 4.51 billion at the end of Q1 2022, indicating a net decrease of CNY 3.50 billion during the quarter[31] Market Strategy - The company plans to expand its market presence in renewable energy sectors, focusing on clean and efficient energy equipment[14] - The company has not reported any new product launches or significant market expansions during this quarter[28]

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]