T&P 新疆天阳律师事务所 特变电工 2025 年第四次临时股东大会 新疆天阳律师事务所 关于特变电工股份有限公司 2025 年第四次临时股东大会 法律意见书 天阳证股字[2025]第 39 号 新疆天阳律师事务所 二〇二五年十一月 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 l T&P 新疆天阳律师事务所 特变电工 2025 年第四次临时股东大会 新疆天阳律师事务所 关于特变电工股份有限公司 2025年第四次临时股东大会 法律意见书 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,委派本所常娜娜律师、李柯迪律师出席公司 2025 年第四次临时 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。在进行核查验证过程中,公司已 ...

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 2025-074 特变电工股份有限公司 2025年第四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 (一)股东大会召开的时间：2025 年 11 月 3 日 (二)股东大会召开的地点：新疆维吾尔自治区昌吉市北京南路 189 号公司国 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（人） | 5,310 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,203,421,309 | | 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（%） | 23.9713 | (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。公司董事长张新因工 作原因不能主持本次会议，经过半数董事推举由公司董事张爱琴主持本次股东大 会 ...

证券之星消息，11月3日电网设备板块较上一交易日上涨2.52%，特变电工领涨。当日上证指数报收于 3976.52，上涨0.55%。深证成指报收于13404.06，上涨0.19%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600089 | 特变电工 | 21.54 | 10.01% | 416.42万 | | 86.62亿 | | 603312 | 西典新能 | 52.11 | 9.43% | 6.27万 | | 3.16亿 | | 301120 | 新特电气 | 19.37 | 8.76% | 58.38万 | | 11.19亿 | | 000682 | 东方电子 | 12.82 | 7.73% | 1 95.09万 | | 12.06亿 | | 688676 | 金融技 | 73.30 | 7.04% | 31.90万 | | 23.09亿 | | 920037 | 广信科技 | 100.83 | 6.29% | 2.85万 | | 2.84 ...

Market Overview and Sector Characteristics - The Shanghai and Shenzhen markets saw a total of 66 stocks hitting the daily limit up, an increase of 9 from the previous day, while 7 stocks hit the limit down, a decrease of 5 [2] - The overall performance of the indices was strong, with the Shanghai Composite Index rising by 0.55% and the Shenzhen Component Index increasing by 0.19% [1] Industry Characteristics - The sectors with the most limit-up stocks today included specialized equipment, cultural media, and engineering construction [3] - In the specialized equipment sector, 6 stocks reached the limit up, driven by policy support and increasing orders [4] - The cultural media sector had 5 stocks hitting the limit up, supported by favorable policies and enhanced recovery expectations [4] - The engineering construction sector also saw 5 stocks limit up, driven by policy support and the commencement of infrastructure projects [4] Concept Characteristics - The most prominent concepts among limit-up stocks included thorium molten salt reactors, cloud computing data centers, and Hainan Free Trade Port, with 7, 5, and 5 stocks respectively [5] - The thorium molten salt reactor concept was driven by strong expectations of technological breakthroughs and high capital attention [5] Limit-Up Stock Rankings - Among the limit-up stocks, 3 reached historical highs, including Aerospace Intelligent Equipment, Yaxiang Integration, and Baiao Chemical [6] - A total of 19 stocks reached near one-year highs, including TBEA, Pingtan Development, and Guangdong Media [7] Main Capital Inflow - The stocks with the highest net capital inflow included TBEA, Taiji Industry, Aerospace Technology, Jishi Media, and 37 Interactive Entertainment [9] - The top 5 stocks by net inflow as a percentage of market value were Antai Group, Taiji Industry, Kangsheng Shares, Meirui New Materials, and Jishi Media [8] Continuous Limit-Up Stocks - There were 56 stocks that hit the limit up for the first time today, with 9 stocks achieving a second consecutive limit up, and 1 stock achieving three consecutive limit ups [10] - The stocks with the highest consecutive limit up counts included HeFu China, Pingtan Development, and Lito Electronics [10]

Market Overview - The Shanghai Composite Index rose by 0.55% to 3976.52 points, while the Shenzhen Component Index increased by 0.19% and the ChiNext Index gained 0.29% [1][2] - The total market turnover was 2.13 trillion yuan, a decrease of 216.9 billion yuan compared to the previous trading day, with over 3500 stocks experiencing gains [1] Sector Performance - The thorium-based molten salt reactor concept saw significant gains, with the Hainan sector performing strongly due to upcoming policy benefits from the Hainan Free Trade Port [2][4] - The gaming and short drama sectors also showed strength, with several stocks reaching their daily limit up [6][7] - The photovoltaic equipment sector experienced an upward trend, driven by China's leading position in global solar energy production, with key components expected to exceed 80% of global capacity by 2024 [7][8] Notable Stocks - In the Hainan Free Trade Zone, stocks such as Intercontinental Oil and Gas, Xinlong Holdings, and Haima Automobile reached their daily limit up, reflecting positive market sentiment ahead of the full closure operation on December 18 [4][5] - In the gaming sector, stocks like Oriental Pearl and Huayi Brothers saw significant increases, with some reaching their daily limit up [6][7] - In the photovoltaic sector, companies like Canadian Solar and Longi Green Energy reported substantial gains, with Canadian Solar up by 12.19% [8] Coal Sector Activity - The coal sector became active with companies like TBEA and Antai Group hitting their daily limit up, driven by seasonal demand as heating season begins [9] - The demand for coal is expected to rise due to high consumption from steel mills and thermal power plants, while supply-side policies are tightening, leading to price stabilization [9] Precious Metals and Semiconductor Stocks - Precious metals and gold stocks experienced a pullback following tax policy changes, with companies like Hunan Gold and Zhongjin Gold seeing declines [10] - Semiconductor stocks faced downward pressure, with several companies reporting significant losses, attributed to rising costs and industry-wide price increases [11] Future Market Outlook - The market is expected to actively seek future economic signals, with a focus on technology growth sectors such as AI applications, military, and pharmaceuticals, while also considering cyclical sectors like steel and chemicals [12]

Core Viewpoint - The photovoltaic sector is experiencing a significant rally, with major companies like TBEA and Sungrow seeing substantial stock price increases, indicating a positive market sentiment towards the industry [1][2]. Group 1: Market Performance - TBEA's stock reached the daily limit, while DeYuan shares rose over 7% and Sungrow increased by over 4% [1]. - Multiple photovoltaic-related ETFs saw gains exceeding 3%, reflecting strong investor interest in the sector [1]. Group 2: Industry Outlook - Analysts suggest that the photovoltaic industry is currently undervalued compared to historical levels, presenting potential investment opportunities [2]. - Future policies are expected to focus on product pricing measures, mergers and acquisitions among companies, increased industry entry barriers, and enhanced product quality standards, which could optimize the competitive landscape and industry ecosystem [2].

Core Insights - The Zhongzheng Photovoltaic Industry Index (931151) has seen a strong increase of 2.70% as of November 3, 2025, with significant gains in constituent stocks such as Tebian Electric (600089) and Hongyuan Green Energy (603185), both rising by 10.01% [1] - The Photovoltaic ETF Fund (516180) has also risen by 2.94%, with a recent price of 0.84 yuan, and has accumulated a 6.54% increase over the past week [1] - The index reflects the overall performance of listed companies involved in the photovoltaic industry chain, selecting up to 50 representative stocks [1] Company Performance - The top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index as of October 31, 2025, account for 60.74% of the index, with significant players including Sunshine Power (300274) and Longi Green Energy (601012) [2] - The performance of key stocks includes: - Sunshine Power (300274): up 3.26%, weight 17.58% - Longi Green Energy (601012): up 2.61%, weight 8.38% - Tebian Electric (600089): up 10.01%, weight 7.31% - TCL Technology (000100): up 0.46%, weight 7.29% - Tongwei Co. (600438): up 1.21%, weight 4.91% - Zhengtai Electric (601877): down 0.59%, weight 2.68% - Jingcheng Machinery (300316): up 0.82%, weight 2.43% - Deyang Co. (605117): up 6.40%, weight 2.42% - TCL Zhonghuan (002129): up 2.43%, weight 2.38% - Jiejia Weichuang (300724): down 0.30%, weight 2.26% [4]

Core Viewpoint - Recently, TBEA Co., Ltd. has increased its registered capital from 2.46 billion to 2.966 billion yuan [2] Group 1 - TBEA Co., Ltd. has undergone a business change as reported by Tianyancha App [2] - The registered capital increase amounts to 1.42 billion yuan, reflecting a significant investment in the company's growth [2]

Core Viewpoint - The latest holdings of the "national team" in A-share listed companies have been revealed, with significant investments in major financial institutions and other sectors, indicating a strategic focus on stability and growth in the market [1][2]. Group 1: National Team Holdings - A total of 233 A-share listed companies have the "national team" (China Securities Finance Corporation and Central Huijin) among their top ten shareholders [1]. - There are 30 stocks with a holding value exceeding 10 billion yuan, including major banks like China Construction Bank, Agricultural Bank of China, and Bank of China, with holdings valued at 1.3288 trillion yuan, 1.1429 trillion yuan, and 1.1138 trillion yuan respectively [1][2]. - The top holdings also include companies from various sectors such as insurance, food and beverage, and energy, showcasing a diversified investment strategy [1][2]. Group 2: New Additions and Performance - Farah Electronics has been newly added to the "national team" holdings, with a market value of 158 million yuan [3]. - For the third quarter, Farah Electronics reported a revenue of 3.944 billion yuan, a year-on-year increase of 14.69%, and a net profit of 888 million yuan, also up by 14.58% [3]. - The company’s capacitor products are utilized in ultra-high voltage transmission applications, indicating a focus on high-demand technology sectors [3].

Core Insights - The latest holdings of the "national team" in A-share listed companies have been revealed, with 233 companies having the "national team" as one of their top ten shareholders [1][2] - In the third quarter, the "national team" held over 10 billion yuan in market value in 30 stocks, including major banks and insurance companies [1] Group 1: Major Holdings - The top three holdings by market value are: - China Construction Bank: 13,288.15 billion yuan - Agricultural Bank of China: 11,429.52 billion yuan - Bank of China: 11,138.27 billion yuan [1] - Other significant holdings include: - Industrial and Commercial Bank of China: 9,914.42 billion yuan - New China Life Insurance: 751.22 billion yuan - Ping An Insurance: 734.02 billion yuan [1][2] Group 2: New Additions - Farah Electronics is a new addition to the "national team" holdings, with a market value of 1.58 billion yuan [2] - The company reported a revenue of 3.944 billion yuan for the first three quarters, a year-on-year increase of 14.69%, and a net profit of 888 million yuan, also up 14.58% [2] - In the third quarter alone, Farah Electronics achieved a revenue of 1.445 billion yuan, reflecting a year-on-year growth of 9.31% [2]