Core Viewpoint - Shanghai Electric (601727)(02727) saw a stock increase of over 7%, currently trading at 3.89 HKD with a transaction volume of 234 million HKD, driven by developments in the nuclear fusion sector [1] Group 1: Company Developments - The China Fusion Company, with a registered capital of 15 billion RMB, made its debut at the 25th China International Industry Fair, showcasing its technology and business layout [1] - The company plans to establish a fusion experimental device in Shanghai to validate its high-temperature superconducting magnets, named "China Circulation No. 4 (HL-4)" [1] - Shanghai Electric has successfully delivered the world's first cold test dewar for the ITER project and will deliver key components for major national scientific infrastructure projects, including CRAFT and the compact fusion experimental device BEST [1] Group 2: Industry Insights - According to a report from Everbright Securities, there is a focus on Shanghai Electric's advancements in emerging industries such as robotics and nuclear fusion [1] - In the gas turbine sector, Shanghai Electric's 500MW hydrogen-cooled generator has passed technical evaluation by experts, supporting the development of large-capacity clean gas power generation in China [1]

Core Viewpoint - Shanghai Electric (02727) has seen a stock price increase of over 7%, currently trading at 3.89 HKD with a transaction volume of 234 million HKD, driven by developments in the nuclear fusion sector and emerging industries [1] Group 1: Company Developments - The China Fusion Company, established with a registered capital of 15 billion RMB and only two months old, made its debut at the 25th China International Industry Fair in Shanghai, showcasing its technological roadmap and business layout [1] - The company plans to build a fusion experimental device in Shanghai to validate its high-temperature superconducting magnets, tentatively named "China Circulation No. 4 (HL-4)" [1] - Shanghai Electric has successfully delivered the world's first cold test dewar for the ITER project and will continue to deliver core components for major national scientific infrastructure projects, including the CRAFT project and the compact fusion experimental device BEST [1] Group 2: Industry Insights - According to a report from Everbright Securities, there is a focus on Shanghai Electric's breakthroughs in emerging industries such as robotics and nuclear fusion [1] - In the gas turbine sector, Shanghai Electric's 500MW hydrogen-cooled generator has successfully passed technical evaluation by experts from the Shanghai Electric Engineering Society, providing key equipment support for the development of large-capacity clean gas power generation in China [1]

Core Viewpoint - Shanghai Electric has shown a significant increase in stock price and financial performance, indicating potential growth opportunities in the energy and equipment sectors [1][2]. Financial Performance - As of June 30, 2025, Shanghai Electric achieved a revenue of 543.03 billion yuan, representing a year-on-year growth of 8.89% [2]. - The net profit attributable to shareholders reached 8.21 billion yuan, marking a substantial increase of 36.40% compared to the previous period [2]. Stock Market Activity - On September 25, Shanghai Electric's stock price rose by 2.03%, reaching 9.05 yuan per share, with a trading volume of 11.47 billion yuan and a turnover rate of 1.01% [1]. - The company's market capitalization stands at 140.638 billion yuan [1]. - Year-to-date, the stock price has increased by 11.59%, with a 5-day increase of 11.18% and a 60-day increase of 23.30% [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 704,400, a reduction of 6.70% [2][3]. - The top ten circulating shareholders include significant entities such as China Securities Finance Corporation and Hong Kong Central Clearing Limited, with notable changes in their holdings [3]. Dividend History - Since its A-share listing, Shanghai Electric has distributed a total of 99.73 billion yuan in dividends, although there have been no dividends paid in the last three years [3]. Business Overview - Shanghai Electric, established on March 1, 2004, and listed on December 5, 2008, operates in sectors including renewable energy, environmental equipment, and industrial services [1]. - The company's revenue composition includes 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1].

工业智变：从"大制造"到"大城市"的生态协同 9月23日，第二十五届中国国际工业博览会（简称"工博会"）在沪开幕。在这场被誉为"全球工业风向标"的盛会上，上海电气首次系统展示了从能源系统重 构到工业智能协同的"新质生产力"完整路径——一场围绕"极智、极绿、极精"的工业进化实验，正在这里真实上演。 这不仅是技术成果的展示，更是一次对"工业如何进化"的深度解码——在上海电气搭建的"七巧板"生态拼图中，能源、工业、驱动、基础件、医疗、环保、 冷暖七大板块彼此咬合，共同拼出一幅未来工业图景。 能源进化：从"煤燃核"基石到"氢氨醇"延伸的系统重构 在全球能源转型浪潮中，系统集成能力正成为决胜关键。上海电气以"源网荷储控"一体化思维，构建出一条清晰的技术演进路径：以"煤燃核"为稳定基石， 以"风光储"为绿色主力，以"输配电"为智能链接，并以"氢氨醇"为战略延伸，"仪控表"为支撑，形成覆盖全链条的新型电力系统解决方案。 这一系统思维，在核电展区体现得尤为硬核。作为国内目前唯一具备高温气冷堆核岛主设备成套供货能力的企业，上海电气带来的"全家桶"式核电装备， 从"国和一号"主泵到"华龙一号"冷却剂泵，再到四代高温气冷堆压力容器 ...

Core Insights - The 2025 China International Industrial Expo, themed "Industrial New Quality, Intelligent Manufacturing Without Boundaries," was held in Shanghai, showcasing the evolution of China's industrial sector from "Made in China" to "Intelligent Manufacturing" [1] - Shanghai Electric presented its latest technological achievements and solutions in new power systems and integrated high-end equipment, emphasizing its commitment to high-end, intelligent, and green manufacturing [1][3] Energy Sector Developments - Shanghai Electric has strategically positioned itself in the energy sector, focusing on a comprehensive new power system integrated equipment solution, which includes coal, nuclear, wind, solar, and hydrogen technologies [3] - The company showcased its capabilities in high-temperature gas-cooled reactor equipment, highlighting its unique position as the only domestic manufacturer capable of supplying complete sets of nuclear island equipment [3] Green Energy Initiatives - Shanghai Electric is advancing its green energy initiatives with a full-chain solution from green hydrogen production to methanol synthesis, exemplified by its integrated demonstration project for green methanol [4] - The project is notable for being the first in China to achieve large-scale commercial operation and has received EU ISCC certification, marking its entry into international markets [4] Industrial Manufacturing Innovations - The company is focusing on the integration of various industrial sectors, providing solutions from industrial plant design to automation equipment and environmental protection [5] - Shanghai Electric displayed a range of intelligent robots and key components, showcasing its comprehensive capabilities in robot manufacturing and application [5] Advanced Machinery and Technology - Shanghai Electric's industrial mother machine sector is represented by high-precision grinding centers capable of nanometer-level precision, suitable for critical aerospace and robotics applications [6] - The company hosted a significant industry event to promote collaboration and innovation within the industrial sector [6] Historical Significance and Legacy - The "Centennial Transmission" exhibition highlighted Shanghai Electric's historical contributions to China's industrial development, showcasing significant artifacts that represent milestones in the nation's manufacturing history [7] - The exhibition aimed to unlock the historical charm and evolution of Shanghai Electric, emphasizing its role in the modernization of China's industrial landscape [7] Future Outlook - Shanghai Electric plans to continue its dual evolution in energy and industry, focusing on upgrading core technologies to drive high-quality development and support China's new industrialization efforts [10]

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银年会： 2025势银氢燃年会（1月6-8日，宁波） 点此报名 添加文末微信，加 绿色燃料 群 9月22日， 上港能源与上海电气洮南绿源燃料有限公司在上海签署《绿色甲醇采购供应合同》 ；9 月18日，上港能源与达飞集团在上海签署 《绿色甲醇加注服务合同》。三方合作迎来新的里程 碑，为国际航运能源转型和低碳发展注入强劲的绿色动能。 上述两项合同的正式签署，标志着三方携手构筑绿色甲醇全产业链的战略合作迈入实施阶段，是落 实今年3月20日三方共同签署的绿色甲醇长期供应合作框架协议的重大举措，三方首期合作将持续 至2030年。 根据协议，上海电气依托自主建设的吉林洮南绿色甲醇项目，提供稳定的绿色甲醇产能。上港能源 依托上港集团在港口服务和绿色能源加注领域的专业优势，在上海港为达飞集团安全高效地加注交 付绿色甲醇燃料。 值得关注的是，上海电气在吉林洮南的绿色甲醇项目已于7月15日正式投产，全球首期风电制绿氢 耦合生物质气化合成绿色甲醇顺利产出。根据此次上港能源与上海电气签署的《绿色甲醇采购供应 合同》， 该项目首期产能将全部供应上海港 ...

Core Viewpoint - The report highlights the AH premium rates of various companies, indicating significant discrepancies between their A-shares and H-shares, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] AH Premium Rate Rankings - The top three companies with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Andeli Juice (02218): 227.40% - Hongye Futures (03678): 225.67% [1] - The bottom three companies with the lowest AH premium rates are: - Ningde Times (03750): -12.07% - Heng Rui Medicine (01276): -3.97% - Zijin Mining (02899): 4.14% [1] Deviation Value Rankings - The top three companies with the highest deviation values are: - Northeast Electric (00042): 74.37% - Changfei Optical Fiber (06869): 24.77% - Zhaoyan New Drug (06127): 22.94% [1] - The bottom three companies with the lowest deviation values are: - Longpan Technology (02465): -25.07% - Qin Port Shares (03369): -19.33% - COSCO Shipping Energy (01138): -15.04% [1] Detailed AH Stock Premium and Deviation Data - The report provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating significant variations in market perception and valuation between A-shares and H-shares [1][2]

（股份代號: 02727） 於二零二五年九月二十二日舉行之股東特別會議投票表決結果 上海電氣集團股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈已於二零二五年九 月二十二日正式召開股東特別會議（「股東特別會議」），股東特別會議上提呈的決議案獲本 公司股東以投票表決方式正式通過。 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之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） * 概無股東須根據上市規則就股東特別會議提呈的任何決議案放棄投票。概無有權出席股東特別會 議的股東須根據上市規則第 13.40 條於會上就任何決議案放棄投贊成票。概無任何股東於通函中 表明有意就股東特別會議提呈的任何決議案投反對票或放棄投票。 有關決議案的全文請參閱通函。股東特別會議提呈的決議案表決結果如下： 茲提述本公司日期為二零二五年九月一日的通函（「通函」），其中載有供本 ...

国浩律师（上海）事务所 法律意见书 本所同意将本法律意见书作为公司本次会议公告的法定文件，随公司其他公 告一并提交上海证券交易所审查并予公告。 在本法律意见书中，本所律师仅对本次会议的召集和召开程序、出席会议人 员的资格、召集人的资格、会议表决程序及表决结果是否符合《公司法》、《证券 法》、《股东会规则》以及《公司章程》的规定发表意见，并不对本次会议所审议 的提案内容以及这些提案所表述的事实或者数据的真实性、准确性和完整性发表 意见。本所律师假定公司提供的与本次会议有关的文件、资料（包括但不限于有 关人员的身份证明、股票账户卡、授权委托书、营业执照等）是真实、完整的， 该等文件、资料上的签字和/或印章均为真实的，并据此出具法律意见。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司 本次会议的相关法律问题发表如下意见： 国浩律师（上海）事务所 关于上海电气集团股份有限公司 2025 年第二次临时股东会的法律意见书 致：上海电气集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受上海电气集团股份有限 公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第二次临时股 ...

证券代码：601727 证券简称：上海电气 公告编号：临 2025-054 上海电气集团股份有限公司 2025年第二次临时股东会决议公告 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法律责任。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 22 日 (二)股东会召开的地点：中国上海市浦东大道 2748 号上海电气培训基地报告厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 12,039 | | --- | --- | | 其中：A 股股东人数 | 12,037 | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 7,997,877,467 | | 其中：A 股股东持有股份总数 | 7,678,200,362 | | 境外上市外资股股东持有股份总数（H 股） | 319,677,105 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 51.466 ...