新疆交建（002941）公告，持股5%以上的股东特变电工（600089）集团于2025年5月26日至2025年6月 10日期间通过集中竞价方式减持公司股份644.99万股，占公司总股本的1%。本次权益变动后，特变电 工集团持股比例从9.52%降至8.52%。本次变动前，特变电工集团持有新疆交建股份（603815）6143.42 万股，占公司总股本的9.52%；变动后持有股份5498.43万股，占总股本的8.52%。本次权益变动后，特 变电工集团仍为持有公司5%以上股份的股东。本次权益变动不会导致公司的控股股东、实际控制人发 生变化。 ...

合盛硅业回应谋划股权转让：从未与特变电工及其关联方就股权转让事宜进行过接触或洽谈 智通财经6月9日电，对于有媒体报道"公司正在谋划股权转让"一事，合盛硅业相关人士9日下午回应智 通财经记者称，公司经向公司控股股东、实际控制人及其一致行动人核实确认，其从未与特变电工股份 有限公司及其关联方就本公司股权转让事宜进行过任何形式的接触或洽谈。公司郑重声明：截至目前， 不存在任何应披露而未披露的相关股权转让事项，任何与此相悖的信息均属严重不实。对于任何捏造、 散布此类不实信息、误导市场及投资者的行为，公司将采取一切必要法律手段，严厉追究相关方的法律 责任。如未来发生与该事项相关的情形，公司及相关信息披露义务人将及时披露。小财注：今日，有媒 体报道称，一位接近合盛硅业的人士透露，该公司正在谋划股权转让，此前"接盘"意向方之一是特变电 工。（智通财经记者 刘科 汪斌） ...

金融界2025年5月28日消息，国家知识产权局信息显示，特变电工山东鲁能泰山电缆有限公司取得一项 名为"电缆护套压型装置"的专利，授权公告号CN222902252U，申请日期为2024年07月。 专利摘要显示，本申请涉及一种电缆护套压型装置，包括两个压型轮成型组，压型轮成型组包括支撑模 块、压型轮模块和驱动模块；压型轮模块与支撑模块连接，压型轮模块包括第一凸压型轮、第一凹压型 轮、第二凸压型轮和第二凹压型轮，用于依次对金属带材进行压型；驱动模块与压型轮模块连接，用于 调节第一凸压型轮、第一凹压型轮、第二凸压型轮和第二凹压型轮的位置关系。通过两个压型轮成型组 的协同工作，逐渐加大金属带材整体成型的弧度，使电缆护套成型效果更加精确和均匀；驱动模块的各 驱动件能够独立调节各个压型轮的位置关系，从而可以根据不同的金属带材规格和成型要求进行灵活调 整，提高了装置的适应性和通用性。 天眼查资料显示，特变电工山东鲁能泰山电缆有限公司，成立于2003年，位于泰安市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本126556万人民币。通过天眼查大数据分 析，特变电工山东鲁能泰山电缆有限公司共对外投资了7 ...

特变电工：330千伏分裂变试验成功 金十数据5月27日讯，据特变电工消息，近日，特变电工电装集团衡变公司为湘投新能源(宁夏)有限公 司研制的SFFZ-360000/330分裂变压器一次性试验成功，标志着衡变公司最大容量330千伏分裂变研制成 功。出于经济性和可靠性考虑，目前，大型光伏发电和储能项目首选分裂变压器。 ...

特变电工股份有限公司 证券代码：600089 证券简称：特变电工 公告编号：临 2025-037 特变电工股份有限公司 2025 年 5 月 17 日 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，特变电工股份有限公司 (以下简称"公 司")将参加由新疆上市公司协会根据新疆证监局工作部署，联合深圳市全景网 络有限公司举办的"2025 年新疆辖区上市公司投资者网上集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 (http://rs.p5w.net)，或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2025 年 5 月 23 日(周五)15:00-17:30。届时公 司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 特变电工股份有限公司董事会 关于参加新疆 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the company [6][31]. Core Views - The company is experiencing steady progress in its power transmission and transformation, as well as energy businesses, while the profitability of its polysilicon segment is under pressure [1][4]. - The company’s revenue for 2024 is projected to be 978.7 billion yuan, remaining flat year-on-year, with a significant decline in net profit due to substantial losses in the polysilicon business [1][9]. - The report anticipates a gradual reduction in losses from the polysilicon business and a steady increase in coal production, leading to an adjusted profit forecast of 62.0 billion yuan for 2025, with further increases expected in 2026 and 2027 [4][31]. Summary by Sections Financial Performance - In Q1 2025, the company reported a revenue of 23.38 billion yuan, down 1% year-on-year, and a net profit of 1.6 billion yuan, down 20% year-on-year [1][9]. - The overall gross margin for 2024 was 18.1%, a decrease of 9.2 percentage points year-on-year, while the net margin was 3.7%, down 10.7 percentage points year-on-year [1][9]. Business Segments - The revenue from the power transmission and transformation segment reached 429.9 billion yuan in 2024, an increase of 16% year-on-year, while the polysilicon segment saw a revenue decline of 34% to 185.3 billion yuan [2][20]. - The company’s polysilicon production in 2024 was 198,800 tons, a 4% increase year-on-year, but the average selling price dropped to 39,000 yuan per ton, down 5.7 thousand yuan per ton year-on-year [3][21]. Market Outlook - The report highlights the ongoing expansion in the overseas market for power transmission products, with a significant increase in export contracts, which reached 1.2 billion USD in 2024, up over 70% year-on-year [2][20]. - The coal production for 2024 exceeded 74 million tons, with over 25% of sales coming from outside the region, indicating a strong market presence [24][27]. Profit Forecast - The company is expected to achieve revenues of 90.99 billion yuan in 2025, a decrease of 7% year-on-year, with net profits projected to rise to 62.0 billion yuan, reflecting a year-on-year increase of 49.8% [5][30]. - The report provides a detailed forecast for 2026 and 2027, estimating net profits of 78.0 billion yuan and 94.1 billion yuan, respectively, indicating continued growth [4][31].

Investment Rating - The report maintains an "Outperform the Market" rating for the company [6][31]. Core Views - The company is expected to see steady growth in coal production, gradual reduction in losses from the polysilicon business, and sustained investment in the power grid, leading to an adjusted profit forecast of 6.2 billion yuan for 2025, with new profit forecasts for 2026 and 2027 at 7.8 billion and 9.4 billion yuan respectively, representing year-on-year growth of 49.8%, 25.9%, and 20.6% [4][31]. Summary by Sections Financial Performance - In Q1 2025, the company reported revenue of 23.38 billion yuan, a year-on-year decrease of 1%, and a net profit of 1.6 billion yuan, down 20% year-on-year. The overall gross margin was 20.6%, a decrease of 2.8 percentage points year-on-year, while the net margin was 7.1%, down 3.0 percentage points year-on-year [1][9]. - For the full year 2024, the company achieved revenue of 97.87 billion yuan, flat year-on-year, and a net profit of 4.13 billion yuan, down 61% year-on-year, primarily due to significant losses in the polysilicon business [9][30]. Business Segments - The company’s revenue from various segments in 2024 included: - Power transmission and transformation products: 42.99 billion yuan (+16% year-on-year) - New energy products and engineering: 18.53 billion yuan (-34% year-on-year) - Coal: 19.26 billion yuan (+6% year-on-year) - Power generation: 5.6 billion yuan (+31% year-on-year) - New materials: 5.61 billion yuan (+8% year-on-year) [2][20]. - The polysilicon business faced significant pressure, with prices dropping below production costs, leading to a production volume of 198,800 tons (+4% year-on-year) and a sales volume of 199,200 tons (-2% year-on-year) in 2024 [3][21]. Market Outlook - The company is expected to achieve a revenue of 105 billion yuan in 2025, a year-on-year increase of 7%, with a gross margin projected to improve to 20% [27][31]. - The coal production is anticipated to steadily increase, reaching 120 million tons by 2026, significantly boosting revenue from the coal business [28][31].

Investment Rating - The report maintains a rating of "Buy" for the company [3] Core Views - The company is actively expanding its energy business, with continuous growth in power transmission and transformation equipment [7][18] - The impact of silicon material business is gradually weakening, while multiple business segments show positive developments [26] Summary by Relevant Sections Financial Performance - In 2024, the company achieved revenues of 97.87 billion yuan, with a net profit attributable to shareholders of 4.14 billion yuan, reflecting a year-on-year decline of 0.35% and 61.37% respectively [11][40] - The first quarter of 2025 showed revenues of 23.38 billion yuan, with a net profit of 1.60 billion yuan, indicating a year-on-year decline of 0.77% and 19.74% respectively [11] - The overall gross margin decreased by 9.4 percentage points to 18.2% in 2024, with a slight increase in expense ratio [7][11] Energy Business Expansion - The coal business is operating steadily, with a total approved production capacity of 74 million tons, achieving full production and sales in 2024, generating revenues of 19.26 billion yuan, a year-on-year increase of 5.7% [18] - The company's power generation capacity reached 8.78 GW by the end of Q1 2024, with significant contributions from thermal and renewable energy projects [18] Power Transmission and Transformation Equipment - The revenue from transformers and electrical equipment reached 22.36 billion yuan in 2024, a year-on-year increase of 20.98%, while cable revenue was 15.69 billion yuan, up 15.81% [24] - The domestic market for the power transmission industry signed contracts worth 49.1 billion yuan, reflecting a year-on-year growth of 21.4% [24] Silicon Material Business - The company produced 198,800 tons of high-purity polysilicon in 2024, with sales of 199,200 tons, but faced significant losses due to price declines [26] - The company has adjusted its production lines to operate at lower levels, expecting the impact of the silicon material business to gradually diminish [26] Future Outlook - The company is projected to achieve a net profit attributable to shareholders of 5.6 billion yuan in 2025, maintaining the "Buy" rating based on its long-term energy advantages [7][8]

T&P 新疆天阳律师事务所 特变电工 2024 年年度股东大会 新疆天阳律师事务所 法律意见书 天阳证股字[2025]第 15 号 新疆天阳律师事务所 二〇二五年五月 地址:新疆乌鲁木齐市水磨沟区红光山路 888 号绿城广场写字楼 2A 座 7 层 T&P 新疆天阳律师事务所 特变电工 2024 年年度股东大会 关于特变电工股份有限公司 2024 年年度股东大会 新疆天阳律师事务所 关于特变电工股份有限公司 2024 年年度股东大会 法律意见书 天阳证股字[2025]第 15号 致:特变电工股份有限公司 新疆天阳律师事务所(下称"本所")接受特变电工股份有限公司(下 称"公司")的委托,委派本所李大明律师、常娜娜律师出席公司 2024 年 年度股东大会,根据《中华人民共和国公司法》(下称"《公司法》")、 《中华人民共和国证券法》(下称"《证券法》")、《上市公司股东会规 则》和《特变电工股份有限公司章程》(下称"《公司章程》"),按照律 师行业公认的业务标准、道德规范和勤勉尽责精神,对有关的文件和事实进 行核查与验证,并出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的文件材料进行了核查 验证。在 ...

特变电工股份有限公司 2024年年度股东大会决议公告 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： 特变电工股份有限公司 证券代码：600089 证券简称：特变电工 公告编号：临 2025-036 本次会议是否有否决议案：无 一、会议召开和出席情况 3、董事会秘书焦海华女士出席会议；公司部分高级管理人员列席会议。 二、议案审议情况 (一)股东大会召开的时间：2025 年 5 月 12 日 (二)股东大会召开的地点：新疆维吾尔族自治区昌吉市北京南路 189 号国际 会议中心 (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 | 4,332 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,102,551,977 | | 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份总数的比例 | 21.9621 | | （%） | | (四)股东大会主持及表决方式 本次会议采取现场投票和网络投票相结合的方式召开，公司董事长 ...