Core Viewpoint - TBEA Co., Ltd. has experienced a stock price decline of 2.01% on September 4, 2023, with a current price of 14.14 CNY per share and a total market capitalization of 71.446 billion CNY [1] Group 1: Financial Performance - For the first half of 2025, TBEA achieved operating revenue of 48.401 billion CNY, representing a year-on-year growth of 1.17% [2] - The net profit attributable to shareholders for the same period was 3.184 billion CNY, showing a year-on-year increase of 4.93% [2] - Cumulative cash dividends since the A-share listing amount to 15.118 billion CNY, with 6.591 billion CNY distributed over the past three years [3] Group 2: Stock Market Activity - As of September 4, 2023, TBEA's stock has increased by 13.21% year-to-date, with a slight decline of 0.49% over the last five trading days [1] - The stock has seen a 5.37% increase over the past 20 days and a 23.39% increase over the past 60 days [1] - The number of shareholders as of June 30, 2025, is 319,300, a decrease of 4.42% from the previous period [2] Group 3: Shareholder Composition - The largest shareholder, Hong Kong Central Clearing Limited, holds 222 million shares, an increase of 66.6393 million shares compared to the previous period [3] - Huatai-PB CSI 300 ETF ranks as the fourth largest shareholder with 89.9133 million shares, having increased by 7.2503 million shares [3] Group 4: Business Overview - TBEA's main business segments include electrical equipment products (27.64%), coal products (18.27%), and electrical wire and cable products (16.22%) [1] - The company is involved in various sectors such as power transmission and transformation, new energy, and energy business [1]

Core Viewpoint - The registered capital of TBEA International Engineering Co., Ltd. has increased from 800 million RMB to 1.5 billion RMB, marking an increase of 87.5% [1] Company Information - TBEA International Engineering Co., Ltd. was established in February 2012 and is wholly owned by TBEA [1] - The legal representative of the company is Hu Nan [1] - The company's business scope includes construction, civil engineering, installation services, engineering technology and planning management, municipal public facilities management, handling and transportation agency services, and machinery equipment leasing [1] Changes in Company Structure - There have been changes in some key personnel within the company [1]

Group 1 - The core point of the article is that TBEA International Engineering Co., Ltd. has increased its registered capital from 800 million RMB to 1.5 billion RMB, representing an increase of 87.5% [1] - The company underwent changes in key personnel alongside the capital increase [1] - TBEA International Engineering Co., Ltd. was established in February 2012 and is wholly owned by TBEA [1] Group 2 - The business scope of the company includes construction, civil engineering, installation services, engineering technology and planning management, municipal public facility management, handling and transportation agency services, and machinery equipment leasing [1]

Group 1: ETF Performance - The New Energy ETF has a turnover rate of 7.38% with a transaction volume of 76.73 million yuan [3] - Over the past week, the average daily transaction volume of the New Energy ETF was 108 million yuan [3] - The New Energy ETF's net asset value increased by 15.55% over the past six months [3] Group 2: Historical Returns - Since its inception, the New Energy ETF achieved a highest monthly return of 25.07% and a longest consecutive monthly gain of 4 months with a total increase of 31.31% [3] - The average return during the months of increase is 8.03% [3] - Over the past three months, the New Energy ETF outperformed its benchmark with an annualized return of 8.15% [3] Group 3: Industry Insights - The photovoltaic industry chain has seen significant price recovery driven by the "anti-involution" policy [5] - Huaxi Securities suggests that the polysilicon industry may consolidate excess capacity through mergers and acquisitions [5] - The "anti-involution" policy is a potential main theme, with varying effects across different industries, particularly strong in the photovoltaic sector [5] Group 4: Financial Performance - Huachuang Securities reported a 9.7% year-on-year decline in core revenue for the photovoltaic sector in the first half of 2025, but a recovery in operating rates and revenue was noted in the second quarter [6] - The sector experienced losses in the first half, but the loss margin decreased in the second quarter, with a potential turnaround after adjusting for impairment losses [6] - The main pressure on the sector comes from the pricing within the supply chain, with negative gross margins reported for silicon wafers in the second quarter [6] Group 5: Major Stocks - The top ten weighted stocks in the CSI New Energy Index include Ningde Times, Sunshine Power, Longi Green Energy, and others, accounting for a total of 42.78% of the index [6]

Meeting Overview - The company's board of directors confirmed that the announcement contains no false records, misleading statements, or significant omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1] - The shareholders' meeting was held on September 3, 2025, at the International Conference Center, No. 189, Beijing South Road, Changji City, Xinjiang Uygur Autonomous Region [1] - The meeting was attended by 8 out of 11 current directors, all 5 supervisors, and the board secretary, with some senior management present [2] Voting and Resolutions - The meeting utilized a combination of on-site and online voting, with the chairman unable to preside due to work commitments, leading to the election of director Huang Hanjie to chair the meeting [2] - All proposed resolutions regarding the issuance of convertible bonds to unspecified parties were approved, including the types of securities, issuance scale, face value, issuance price, bond term, interest rate, repayment terms, conversion period, and pricing adjustments [3][4][5][6] - The resolution for the use of raised funds, guarantee matters, management of raised funds, and rating matters were also approved [5][6] - The company’s future three-year shareholder return plan (2025-2027) was approved, along with the rules for bondholder meetings and the authorization for the board to handle specific matters related to the bond issuance [6][7] Legal and Compliance - The meeting's procedures, qualifications of the convenor, and voting methods complied with relevant laws and regulations, ensuring the legality and validity of the proceedings [7] - The meeting was witnessed by Xinjiang Tianyang Law Firm, with lawyers providing legal opinions on the proceedings [8]

证券日报网讯 9月3日晚间，特变电工发布公告称，公司2025年第三次临时股东大会于2025年9月3日召 开，审议通过了《公司符合向不特定对象发行可转换公司债券条件的议案》等多项议案。 （文章来源：证券日报） ...

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 2025-060 特变电工股份有限公司 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： (一)股东大会召开的时间：2025 年 9 月 3 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： (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，经过半数董事推举公司董事黄汉杰主持本次股东大会 现场会议，会议的召集召开及表决方式符合《公司法》 《证券法》 会规则》等法律、法规、规范性文件及《公司章程》的有关规定。 ? 本次会议是否有否决议案：无 一、会议召开和出席情况 《上市公司股东 (五)公司董事、监事和董事会秘书的出席情况 | （%） | | | | | | | | | | --- | --- | --- | --- | --- | --- ...

特变电工 2025年第三次临时股东大会 T&P 新疆天阳律师事务所 新疆天阳律师事务所 关于特变电工股份有限公司 2025 年第三次临时股东大会 法律意见书 天阳证股字[2025]第 30 号 新疆天阳律师事务所 二〇二五年九月 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年第三次临时股东大会 新疆天阳律师事务所 关于特变电工股份有限公司 2025年第三次临时股东大会 法律意见书 天阳证股字[2025]第 30 号 致:特变电工股份有限公司 本法律意见书仅供公司为本次股东大会之目的使用,不得用于其他任何目 的。 在此基础上,本所律师出具法律意见如下: 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 2025年第三次临时 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 ...

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 2025-060 特变电工股份有限公司 2025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 (一)股东大会召开的时间：2025 年 9 月 3 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（人） | 2,589 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,180,153,354 | | 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(%） | 23.5079 | (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，经过半数董事推举公司董事黄汉杰主持本次股东大会 现场会 ...

Core Insights - The Zhongzheng Photovoltaic Industry Index (931151) has seen a strong increase of 2.94% as of September 3, 2025, with significant gains in constituent stocks such as Sungrow Power (300274) up 15.26% and Longi Green Energy (601012) up 2.81% [1][3] - The Photovoltaic ETF Fund (516180) has risen by 2.82%, with a latest price of 0.69 yuan, and has accumulated a total increase of 4.66% over the past two weeks [1] - The index reflects the overall performance of listed companies in the photovoltaic industry chain, selecting up to 50 representative stocks [1] Index Composition - As of August 29, 2025, the top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index account for a total of 56.14% of the index [1] - The top ten stocks by weight include: - Sungrow Power (300274) with a weight of 10.51% - Longi Green Energy (601012) with a weight of 9.97% - TCL Technology (000100) with a weight of 9.42% - TBEA Co., Ltd. (600089) with a weight of 6.99% - Tongwei Co., Ltd. (600438) with a weight of 5.24% [3]