2024 年 5 月 7 日 特变电工股份有限公司 特变电工股份有限公司 2023 年年度股东大会会议资料 新疆·昌吉 特变电工股份有限公司 目 录 | 1、 | 公司 | 2023 | 年度董事会工作报告 2 | | --- | --- | --- | --- | | 2、 | 公司 | 2023 | 年度监事会工作报告 10 | | 3、 | 公司 | 2023 | 年度财务决算报告 16 | | 4、 | 公司 | 2023 | 年度利润分配方案 22 | | 5、 | | 公司独立董事 | 2023 年度述职报告 25 | | 6、 | 公司 | 2023 | 年年度报告及年度报告摘要 53 | | 7、 | 公司 | 2024 | 年度续聘会计师事务所的议案 54 | | 8、 | | | 公司股东未来分红回报规划（2024 年-2026 年） 56 | | 9、 | | | 修改《特变电工股份有限公司公司章程》的议案 60 | | | 10、公司董事长 | | 2024 年度薪酬的议案 61 | 特变电工股份有限公司 特变电工股份有限公司 2023 年年度股东大会议程 一、现场会议召开时间：202 ...

根据《上海证券交易所上市公司自律监管指南第 2 号—业务办理》（第八号 —股权激励计划股票期权自主行权）、《特变电工股份有限公司 2022 年股票期权 激励计划》及中国证券登记结算有限责任公司上海分公司关于股票期权自主行权 的相关规定，结合公司 2024 年第一季度报告的披露计划，现对处于自主行权期 的股票期权进行限制，具体如下： 一、公司 2022 年股权激励计划首次授予股票期权已于 2023 年 12 月 8 日进 入第一个行权期，行权期间为 2023 年 12 月 8 日至 2024 年 11 月 23 日（根据相 关规定限制行权期间除外）。 二、本次限制行权期为 2024 年 4 月 20 日至 2024 年 4 月 29 日，在此期间全 部激励对象将限制行权。 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 2024-026 特变电工股份有限公司关于 2022 年股票期权激励计 划限制行权期间的提示性公告 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。 三、公司将按照有关规定及时办理限 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Views - The company reported a revenue of 98.206 billion yuan in 2023, a year-on-year increase of 2.29%, but the net profit attributable to shareholders decreased by 32.62% to 10.703 billion yuan [3]. - The sales volume of polysilicon increased by 90.16% to 202,900 tons, but the price dropped significantly, leading to pressure on profitability [3]. - The company aims for a revenue target of 100 billion yuan in 2024, with a focus on controlling costs and expanding renewable energy capacity [3]. Summary by Sections Financial Performance - In Q4 2023, the company achieved a revenue of 24.55 billion yuan, a decrease of 21.70% year-on-year, and a net profit of 1.326 billion yuan, down 72.52% year-on-year [3]. - The polysilicon price fell from 176,200 yuan per ton at the beginning of 2023 to 58,300 yuan per ton by the end of the year, a decline of 66.91% [3]. - The company's revenue from the new energy sector decreased by 18.39% to 28.052 billion yuan, with a gross margin drop of 25.87 percentage points to 31.95% [3]. Business Segments - The coal segment's sales volume exceeded 74 million tons, leading to a revenue increase of 4.47% to 18.230 billion yuan [3]. - The power transmission and transformation business saw significant growth, with revenues from transformers, cables, and complete engineering projects increasing by 32.39%, 32.56%, and 17.69%, respectively [3]. - The company signed contracts worth 40.45 billion yuan in the domestic market for power transmission and transformation, a year-on-year increase of 30.06% [3]. Future Outlook - The company plans to achieve a polysilicon production target of 280,000 to 300,000 tons in 2024 and aims to expand its renewable energy capacity to 4 to 5 GW by the end of 2024 [3]. - The projected net profit for 2024 is estimated at 8.012 billion yuan, reflecting a decrease of 25.14% compared to 2023 [4].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 18.63 CNY, based on a 10x PE for 2024 [5][8]. Core Insights - The company reported a revenue of 98.12 billion CNY in 2023, a year-on-year increase of 1.79%, but the net profit attributable to shareholders decreased by 32.75% to 10.70 billion CNY [2][5]. - The silicon material segment faced pressure due to a significant drop in prices, while the power transmission and transformation segment maintained high demand and growth [3][4]. Financial Performance Summary - In Q4 2023, the company achieved a revenue of 24.23 billion CNY, down 6.74% year-on-year but up 1.74% quarter-on-quarter, with a net profit of 1.31 billion CNY, reflecting a 72.95% decline year-on-year [2]. - The silicon material sales volume increased by 90.16% to 202,900 tons, but prices fell sharply from 176,200 CNY/ton to 58,300 CNY/ton over the year [3]. - The coal segment's revenue grew by 4.47% to 18.23 billion CNY, with a gross margin of 46.41% [3]. Segment Performance - The power transmission and transformation segment saw revenues of 18.49 billion CNY, 13.55 billion CNY, and 4.92 billion CNY for transformers, cables, and complete engineering projects, respectively, with year-on-year growth rates of 32.39%, 32.56%, and 17.69% [4]. - The company secured domestic contracts worth 40.45 billion CNY and has approximately 5.3 billion USD in ongoing international contracts, indicating a robust order backlog [4]. Earnings Forecast and Valuation - Projected revenues for 2024, 2025, and 2026 are 109.90 billion CNY, 124.51 billion CNY, and 135.46 billion CNY, with year-on-year growth rates of 12.01%, 13.29%, and 8.80% respectively [5]. - The forecasted net profit for the same years is 9.41 billion CNY, 11.00 billion CNY, and 12.59 billion CNY, with growth rates of -12.07%, 16.92%, and 14.37% respectively [5].

Financial Performance - The net profit for the year 2023 reached CNY 5,133,197,127.34, with a proposed cash dividend of CNY 2.0 per 10 shares, totaling approximately CNY 1,146,769,203.05, which accounts for 10.71% of the net profit attributable to shareholders [2]. - The company plans to allocate 10% of the net profit to statutory reserves, amounting to CNY 513,319,712.73, with the remaining profit available for distribution to shareholders being CNY 6,662,682,908.77 [2]. - The company's operating revenue for 2023 was CNY 9,812,348.37 million, representing a 1.79% increase compared to 2022 [15]. - The net profit attributable to shareholders for 2023 was CNY 1,070,271.07 million, a decrease of 32.75% from the previous year [15]. - The net cash flow from operating activities increased by 18.41% to CNY 2,581,207.63 million in 2023 [15]. - The total assets of the company reached CNY 19,189,831.62 million, reflecting a 12.21% growth year-on-year [15]. - The basic earnings per share for 2023 was CNY 2.3888, down 42.11% from 2022 [16]. - The weighted average return on equity decreased by 14.79 percentage points to 18.41% in 2023 [16]. - The total comprehensive income decreased by 39.91% compared to the previous year, reflecting the overall decline in profitability [58]. Shareholder Returns - The total number of shares after buybacks is 5,020,166,186, with a total share capital of 5,052,710,023 shares before buybacks [184]. - The company will not distribute stock dividends or increase capital reserves in 2023, maintaining a focus on cash dividends [184]. - The cash dividend plan is subject to approval at the 2023 annual general meeting of shareholders [184]. - The cash dividends proposed for 2023 will include an additional amount of ¥142,735,965.85 from share buybacks, bringing the total expected cash distribution to ¥1,146,769,203.05 [187]. - The company emphasizes a stable return to shareholders, adhering to a consistent and sustainable dividend policy based on current profitability and funding needs [185]. Risk Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees [3]. - There are no significant risks reported that could affect the company's future performance [3]. - The company has strengthened its risk control and compliance systems, conducting compliance training for nearly 10,000 personnel throughout the year [33]. - The company faces macroeconomic and industry risks that could impact profitability, and it will strengthen its analysis of relevant policies to mitigate these risks [133]. - Increased market competition, both domestically and internationally, poses a risk, prompting the company to enhance its market competitiveness through cost reduction and quality improvement [135]. Operational Highlights - The company achieved a domestic market contract signing of 40.45 billion RMB in the power transmission and transformation industry in 2023 [25]. - The company produced 191,300 tons of polysilicon and sold 202,900 tons in 2023, with a confirmed revenue from wind and solar projects of approximately 2.19 GW [25]. - The company’s total sales of coal exceeded 74 million tons in 2023, with stable operation of thermal power units generating a total of 17.472 billion kWh [25]. - The company’s digital transformation projects, including digital factories and smart power plants, have been progressively implemented, enhancing operational efficiency [30]. - The company’s energy business includes coal mining and sales, as well as electricity and heat production and supply [45]. Research and Development - The company added 388 authorized patents in 2023, including 111 invention patents, bringing the total to 2,427 effective authorized patents [47]. - The total R&D investment for the period was 481,372.97 million RMB, accounting for 4.91% of operating revenue [73]. - The company is committed to innovation, with a national-level enterprise technology center and various research platforms [46]. - The company has established a complete R&D, procurement, production, sales, and after-sales service system across its main business sectors [45]. Environmental and Compliance - The company invested approximately 104,607.27 million CNY in environmental protection during the reporting period [196]. - The company has implemented pollution prevention facilities that comply with national and local environmental regulations [200]. - The company’s subsidiaries have completed ultra-low emission environmental acceptance and evaluations, meeting relevant environmental standards [197]. - The company continues to focus on pollution control in its coal mining, power generation, and polysilicon production processes [200]. Future Outlook - The company plans to achieve a revenue of 100 billion yuan in 2024, with operating costs controlled within 80 billion yuan [124]. - The company provided a positive outlook for 2024, projecting a revenue growth of 12% to 15% based on current market trends and demand [161]. - The company aims to enhance its market competitiveness by integrating manufacturing and service capabilities, focusing on high-quality order acquisition and system integration [125]. - The company will actively expand both domestic and international markets, leveraging its design and manufacturing strengths to provide integrated solutions [126].

特 变 电 工 股 份 有 限 公 司 2023 年度 内部控制审计报告 索引 页码 内部控制审计报告 1-2 内部控制审计报告 XYZH/2024URAA3B0009 特变电工股份有限公司 特变电工股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师审计准则的相关要求，我们审计了 特变电工股份有限公司 2023 年 12 月 31 日财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》 、《企业内部控制评价指 引》的规定，建立健全和有效实施内部控制，并评价其有效性是特变电工股份有限公司董 事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 审计报告（续） XYZH/2024URAA3B0009 特变电工股份有限公司 四、财务报告内部控制审计意见 我们认为，特变电工股份有限公司于 2023 年 12 月 31 日按照《企业内部控制基本规 范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 信永 ...

特变电工股份有限公司 TBEA 特变电工股份有限公司 董事会审计委员会 2023 年度履职情况的报告 根据《上市公司治理准则》《上海证券交易所股票上市规则》《上海证券交易 所上市公司自律监管指引第1号 -- 规范运作》和《公司章程》《特变电工股份 有限公司董事会审计委员会实施细则》等有关规定,审计委员会充分发挥监督审 查作用,恪尽职守的履行了相关职责,现将 2023年度董事会审计委员会履职情 况报告如下: 清楚 一、审计委员会基本情况 公司第十届董事会审计委员会现由孙卫红、夏清、陈盈如、郭俊香、张宏中 五位董事组成(原委员王涛先生因工作原因于 2023年 4 月 7 日辞去委员职务, 2023年 7 月 18 日,公司董事会补选张宏中先生为审计委员会委员)。其中孙卫 红女士为会计专业人士,担任审计委员会主任委员。审计委员会委员资格和构成 均符合有关法律法规的规定。 二、审计委员会会议召开情况 2023 年度公司共计召开董事会审计委员会会议 7 次,全体委员均出席了全 部会议,共计审议议案 19 项,所有议案均未出现反对、弃权情况。会议召开情 | 况如 | | --- | | F . . | | 序号 | 会议 ...

特变电工股份有限公司章程 特变电工股份有限公司章程 （2024 年） 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称《证券法》）和其他有关规定，制订本章程。 第二条 公司系依照《股份有限公司规范意见》和其他有关规定成立的股份 有限公司（以下简称"公司"）。公司成立后，按照有关规定，对照《公司法》进 行了规范，并依法履行了重新登记手续。 公司经新疆维吾尔自治区体制改革委员会以"新体改(1993)095 号"文批准， 以定向募集方式设立；在新疆维吾尔自治区工商行政管理局注册登记，取得营业 执照，营业执照号 6500001000795。 第三条 公司于一九九七年五月二十八日经中国证券监督管理委员会（以下 简称中国证监会）批准，首次向境内社会公众发行人民币普通股三千万股，于一 九九七年六月十八日在上海证券交易所上市。 第四条 公司注册名称：特变电工股份有限公司 英文全称：TBEA Co.,Ltd. 第五条 公司住所：新疆维吾尔自治区昌吉市北京南路189号 邮编：831100 第六条 公司注册资本 ...

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 2024-022 特变电工股份有限公司 2024 年度续聘会计师事务所的公告 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。 重要内容提示： 拟续聘的会计师事务所名称：信永中和会计师事务所（特殊普通合伙） （以下简称信永中和） 一、拟聘任会计师事务所的基本情况 （一）信永中和机构信息 1、基本信息 信永中和已按照有关法律法规要求投保职业保险，职业保险累计赔偿限额和 职业风险基金之和超过 2 亿元，职业风险基金计提或职业保险购买符合相关规 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙企业 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙人：谭小青 注册资本：6,000 万元 截至 2023 年 12 月 31 日，信永中和合伙人（股东）245 人，注册会计师 1,656 人。签署过证券服务业务审计报告的注册会计师人数超过 660 人。 信永中和 2022 年度业 ...

特变电工股份有限公司 TBEA 特变电工股份有限公司独立董事 2023年度述职报告 (夏清) 作为特变电工股份有限公司(以下简称"公司")第十届董事会的独立董事, 本人严格按照《公司法》《上市公司独立董事管理办法》《上海证券交易所股票上 市规则》等相关规定和要求,积极参加相关会议,对公司的生产经营和业务发展 提出了合理的建议,对董事会审议的重大事项发表了独立客观的意见;积极发挥 独立董事的独立作用,围绕维护公司整体利益、维护全体股东尤其是中小股东的 合法权益勤勉开展工作。现将 2023年度履职情况报告如下: 一、独立董事基本情况 本人作为公司独立董事,已经向公司提交了《关于 2023年度独立性的自查 报告》。本人具备独立董事任职资格,未在公司担任除独立董事以外的其他职务, 不存在受公司控股股东、实际控制人及其他与公司存在利害关系的单位或个人影 响的情形,亦不存在影响独立客观判断的其他情形,符合法律法规规定的独立性 要求。 二、独立董事年度履职概况 (一) 出席董事会、股东大会情况 2023 年度,公司共计召开 27 次董事会和 6 次股东大会。本人参加了公司召 开的全部董事会会议,出席 1 次股东大会。董事会 ...