本所依据本法律意见书出具日之前已经发生或存在的事实及中国（为出具本 法律意见书之目的，本法律意见书中的"中国"仅指中国大陆地区，不包括香港特 别行政区和澳门特别行政区及台湾地区）现行法律、法规及规范性文件发表法律 意见。 本所同意将本法律意见书作为公司本次股东大会公告的法定文件，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，本所律师仅对本次股东大会的召集和召开程序、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》《股东大会规则》以及《公司章程》的规定发表意见，并不对本次股东大 会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股东大会有关的文件、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。 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海电气集团股份有限公司 2024 年第三次临时股东大会的法律意见书 致：上海电气集团股份有限公司 国浩律师（上海） ...

证券代码：601727 证券简称：上海电气 公告编号：临 2024-061 上海电气集团股份有限公司 2024 年第三次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 576 | | --- | --- | | 其中：A 股股东人数 | 575 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 9,119,576,810 | | 其中：A 股股东持有股份总数 | 8,752,889,060 | | 境外上市外资股股东持有股份总数（H 股） | 366,687,750 | | 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 | 58.5346 | | 份总数的比例（%） | | (一) 股东大会召开的时间：2024 年 9 月 18 日 (二) 股东大会召开的地点：中国上海市钦江路 212 号 A 楼 2 楼报告厅 (三) 出席会议的 ...

致：香港交易及結算所有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年8月31日 狀態: 新提交 公司名稱: 上海電氣集團股份有限公司 呈交日期: 2024年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02727 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,00 ...

Investment Rating - Maintains a "Buy" rating for both A and H shares, with projected net profits of 7/16/30 billion yuan for 2024-2026 [2] - Current A/H share prices correspond to a 2025 PE ratio of 35/13 times [2] Core Views - Revenue for H1 2024 was 498.69 billion yuan, a decrease of 6.05% YoY, while net profit attributable to shareholders increased by 1.93% YoY to 6.02 billion yuan [2] - Q2 2024 revenue was 292.82 billion yuan, down 7.89% YoY, but net profit surged 154.90% YoY to 5.70 billion yuan [2] - Energy equipment sector saw a 3.98% YoY revenue decline to 246.54 billion yuan, but gross margin improved by 1.9 percentage points to 20.1% due to better performance in coal-fired power equipment [2] - Nuclear power sector performed well, with 14 nuclear island main equipment orders and 12 nuclear island main equipment deliveries [2] - Industrial equipment sector revenue decreased by 3.31% YoY to 189.59 billion yuan, with a slight increase in gross margin to 17.4% [2] - Integrated services sector revenue dropped 22.44% YoY to 79.61 billion yuan, but gross margin increased by 4.0 percentage points to 16.6% due to higher-margin projects [2] - New orders in H1 2024 increased by 2.01% YoY to 836.6 billion yuan, with significant growth in wind power orders (95.13% YoY to 60.1 billion yuan) [2] - Breakthroughs in energy storage, hydrogen, and photovoltaic sectors are expected to contribute to future performance growth [2] Sector Performance - Energy equipment sector: Revenue declined by 3.98% YoY to 246.54 billion yuan, but gross margin improved to 20.1% [2] - Industrial equipment sector: Revenue decreased by 3.31% YoY to 189.59 billion yuan, with a gross margin of 17.4% [2] - Integrated services sector: Revenue dropped 22.44% YoY to 79.61 billion yuan, with a gross margin increase to 16.6% [2] New Orders - Total new orders in H1 2024 were 836.6 billion yuan, up 2.01% YoY [2] - Energy equipment new orders decreased by 2.04% YoY to 484.5 billion yuan, but wind power orders surged 95.13% YoY to 60.1 billion yuan [2] - Industrial equipment new orders increased by 5.37% YoY to 225.8 billion yuan [2] - Integrated services new orders grew by 13.58% YoY to 126.3 billion yuan [2] Future Growth Opportunities - Energy storage: The company is actively developing compressed air and vanadium redox flow energy storage technologies, with projects like the 300 MW compressed air energy storage demonstration project in Hubei [2] - Hydrogen energy: The company has secured multiple orders in the hydrogen sector, including a 5 MW photovoltaic hydrogen production station project in France [2] - Photovoltaic: The company has completed grid-connected photovoltaic projects in the UK and initiated a 300.3 kWp distributed photovoltaic project in Shanghai [2] Financial Projections - Projected net profit for 2024-2026 is 7/16/30 billion yuan [2] - Revenue growth is expected to be 2.49%, 3.18%, and 3.93% for 2024-2026, respectively [3] - Net profit growth is projected at 135.17%, 142.29%, and 86.00% for 2024-2026, respectively [3]

一、计提减值准备情况概述 为客观、公允地反映公司 2024 年上半年的财务状况和经营状况， 按照《企业会计准则》的相关规定，公司对截至 2024 年 6 月 30 日的 各类资产进行了减值测试，对存在减值迹象的资产计提减值准备。公 司 2024 年上半年对信用减值损失计提金额人民币 93,031 万元，转回 金额人民币 53,622 万元；对资产减值准备计提损失金额人民币 66,088 万元，转回金额人民币 25,382 万元。综上，公司 2024 年上半年计提 减值准备对公司本期税前利润影响净额为人民币 80,115 万元。 二、计提减值准备相关说明 1、信用减值损失 证券代码：601727 证券简称：上海电气 编号：临 2024-059 上海电气集团股份有限公司 关于计提减值准备的公告 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法律责任。 2024 年 8 月 30 日，上海电气集团股份有限公司（以下简称"公 司"或"本公司"）董事会五届九十九次会议审议通过《关于公司 2024 年上半年计提减值准备的议案》，具体情况如下： 20 ...

Financial Performance - Total operating revenue for the first half of 2024 was CNY 49,868,517, a decrease of 6.05% compared to CNY 53,077,946 in the same period last year[17]. - Net profit attributable to shareholders of the listed company reached CNY 601,744, reflecting a year-on-year increase of 1.93% from CNY 590,363[17]. - Basic earnings per share for the first half of 2024 was CNY 0.039, up 2.63% from CNY 0.038 in the same period last year[18]. - The gross profit margin for the reporting period was 19.2%, an increase of 1.9 percentage points year-on-year[30]. - The company achieved a net profit of 291,661 thousand RMB from the reversal of impairment provisions for receivables[20]. - The company reported a total profit of CNY 376,676, up from CNY 82,415 in the same period last year[122]. - The total comprehensive income for the first half of 2024 was CNY 344,808, compared to CNY 20,411 in the same period of 2023[122]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 202,352, compared to negative CNY 4,329,587 in the previous year, indicating an improvement[17]. - Cash inflow from operating activities totaled 63,487,788 thousand RMB, up from 59,945,582 thousand RMB year-over-year, representing an increase of approximately 4.6%[124]. - The net cash flow from investing activities was 3,822,441 thousand RMB, a significant recovery from -666,423 thousand RMB in the previous year[124]. - The total cash and cash equivalents at the end of the period reached 42,434,885 thousand RMB, compared to 35,744,443 thousand RMB at the end of the previous year[125]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 282,295,166, a slight decrease of 0.34% from CNY 283,266,567 at the end of the previous year[17]. - Total liabilities decreased to CNY 204,669,425 thousand from CNY 206,339,927 thousand, reflecting a reduction of approximately 0.8%[116]. - The company's total equity increased to CNY 77,625,741 thousand from CNY 76,926,640 thousand, showing a growth of about 0.9%[116]. - The company's total current assets amounted to CNY 189,470,639 thousand, a slight decrease from CNY 191,826,718 thousand as of December 31, 2023[114]. Business Segments and Operations - The company operates in three main business segments: energy equipment, industrial equipment, and integrated services, focusing on providing comprehensive lifecycle services for high-end equipment[21]. - The energy equipment segment achieved total revenue of RMB 24.654 billion, a decrease of 3.98% year-on-year, primarily due to insufficient new orders in the wind power equipment business[35]. - The industrial equipment segment reported total revenue of RMB 18.959 billion, down 3.31% year-on-year, mainly impacted by the real estate sector[36]. - The integrated services segment generated total revenue of RMB 7.961 billion, a decline of 22.44% year-on-year, attributed to decreased sales in engineering projects[36]. Market and Strategic Positioning - The company is positioned to benefit from the growing trend of renewable energy, with non-fossil energy generation capacity reaching 1.71 billion kW, accounting for 55.7% of total installed capacity[22]. - Shanghai Electric focuses on the "dual carbon" strategy, actively developing new energy equipment such as "wind-solar-storage-hydrogen networks" to support low-carbon transformation in the energy sector[23]. - The company is expanding its market presence in energy, environmental protection, and automation engineering services[21]. - The company aims to support the transition to a new power system, with a target of increasing the share of non-fossil energy consumption to 20% by 2025[22]. Research and Development - The company has developed over 1000 patents in the elevator equipment sector, enhancing its R&D capabilities[27]. - Research and development expenses remained stable at CNY 2,327,462, compared to CNY 2,327,078 in the first half of 2023[120]. - The company is actively developing new technologies in energy storage, hydrogen production, and wind power, aiming for a comprehensive approach to the energy transition[31]. Environmental and Social Responsibility - Shanghai Electric's wastewater discharge in the first half of 2024 was 5.2216 million tons, with an average discharge concentration of 18 mg/L, meeting the relevant discharge standards[59]. - The company aims to integrate carbon reduction strategies into its operations, focusing on green and low-carbon production methods[65]. - The company continues to support rural infrastructure and environmental improvement projects in Yunnan Province, including sewage treatment initiatives[67]. Governance and Compliance - The company has committed to ensuring the independence of its operations in personnel, assets, finance, and business from its controlling shareholder, Electric Holdings[69]. - The company has established a structured approach to managing related party transactions, ensuring they are conducted at fair market prices[73]. - The company has not reported any violations regarding guarantees during the reporting period[74]. Shareholder and Capital Management - The total number of ordinary shareholders at the end of the reporting period was 251,508[102]. - Shanghai Electric Holding Group Co., Ltd. holds 7,442,101,913 shares, accounting for 47.77% of total shares[103]. - The company has pledged 1,710,000,000 shares as collateral for the issuance of non-public exchangeable bonds[105]. - The company has a diversified business structure, including energy equipment, industrial equipment, and integrated services, focusing on manufacturing and providing solutions in various sectors[139].

董事会五届九十九次会议决议公告 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。 上海电气集团股份有限公司（以下简称"公司"）于 2024 年 8 月 30 日在上海市四川中路 110 号公司会议室召开了公司董事会五届九 十九次会议。应参加本次会议的董事7 人，实际参加会议的董事 6 人， 邵君董事因公未能亲自出席本次会议，授权委托朱兆开董事出席并代 为行使投票表决权。公司监事蔡小庆、韩泉治、袁胜洲列席会议。本 次会议由吴磊董事长主持，会议符合《公司法》和《公司章程》的有 关规定。会议审议并通过以下决议： 一、关于公司会计政策变更及相关影响的议案 同意根据财政部《企业会计准则应用指南汇编 2024》，公司自 2024 年 1 月 1 日起将与主营产品有关的保证类质量保证费用计入营 业成本，并按照会计政策变更进行会计处理重述截至 2023 年 6 月 30 日止 6 个月期间对比数。 证券代码：601727 证券简称：上海电气 编号：临 2024-056 上海电气集团股份有限公司 表决结果：7 票同意，0 票反对，0 票弃权。 本 ...

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份內容而產生或 因依賴該等內容而引致的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） （股份代號：02727） 二零二四年中期業績 * 業績摘要 上海電氣集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬 公司（「本集團」或「上海電氣」）截至二零二四年六月三十日止六個月（「報告期」）的 中期業績，該業績未經審核，但已經本公司審核委員會（「審核委員會」）審閱。本公司截 至二零二四年六月三十日止六個月中期業績根據中國企業會計準則編製。 | --- | --- | |-------|---------------------------------------------------------------------| | | | | ► | 二零二四年上半年營業總收入為人民幣 498.69 億元，較上年同期下降 6.0% ...

上海电气集团股份有限公司 2024 年第三次临时股东大会 会议资料 二〇二四年九月 目 录 | 注 意 事 项 1 | | --- | | 1、关于选举董鑑华先生为公司董事的议案 2 | | 2、关于选举杜朝辉先生为公司独立董事的议案 4 | | 3、关于选举公司监事的议案 6 | 上海电气集团股份有限公司 2024 年第三次临时股东大会 注 意 事 项 为了维护全体股东的合法权益，保证大会顺利进行，根据《上市 公司股东大会规则》及本公司《股东大会议事规则》，特制定本注意 事项。 4、本次大会审议的议案均为普通决议议案，根据相关法律法规， 须出席本次大会具有表决权股东 1/2 以上投票赞成才能通过。 5、股东参加股东大会依法享有发言权、质询权、表决权等权利。 根据公司《股东大会议事规则》的规定，除非征得大会主席同意，每 位股东发言不得超过两次，第一次发言的时间不得超过五分钟，第二 次不得超过三分钟。股东要求发言时不得打断会议报告人的报告或其 他股东的发言。 6、股东参加股东大会应当认真履行其法定义务，不得侵犯其他 股东的权益，不得扰乱大会的正常秩序。 1 议案一 关于选举董鑑华先生为公司董事的议案 各位股东： ...

证券代码：601727 证券简称：上海电气 编号：临 2024-052 同意韩泉治先生因个人原因不再担任公司监事的职务。 上海电气集团股份有限公司 监事会五届六十九次会议决议公告 本公司监事会及全体监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。 上海电气集团股份有限公司（以下简称"公司"）于 2024 年 8 月 23 日以通讯方式召开了公司监事会五届六十九次会议。应参加本次 会议的监事 3 人，实际参加会议的监事 3 人。会议符合《公司法》和 公司章程的有关规定。会议审议并通过以下决议： 一、关于蔡小庆先生不再担任公司监事会主席、监事的议案 同意蔡小庆先生因个人原因不再担任公司监事会主席、监事的职 务。 公司监事会对蔡小庆先生任职期间为公司所做的贡献表示衷心 的感谢。 蔡小庆先生将继续履行其监事会主席、监事职责至公司股东大会 选举产生新任监事之日止。 表决结果：3 票同意，0 票反对，0 票弃权。 二、关于韩泉治先生不再担任公司监事的议案 同意提名郭浩环女士为公司第五届监事会监事候选人，任期自股 东大会审议通过之日起至第五届监事会履职届满之日 ...