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。 证券代码：600192 证券简称：长城电工 公告编号：2025-46 兰州长城电工股份有限公司 2025年第一次临时股东会决议公告 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议采用现场投票与网络投票相结合的方式召开及表决。会议由董事会 召集，由董事长刘万祥先生主持。会议的召集和召开程序符合《公司法》及《公 司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 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 1 日 (二)股东大会召开的地点：公司 13 楼会议室 (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 | 1,172 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 180,600,275 | | 3、出席会议的股东所持有表决权股份数占公司有表决权 ...

甘肃陇达律师事务所 关于兰州长城电工股份有限公司 2025 年第一次临时股东大会的法律意见 甘陇股字（2025）第 2 号 致：兰州长城电工股份有限公司 兰州长城电工股份有限公司（以下简称"公司"）2025 年第一次临时股东大会 （以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会议 于 2025 年 9 月 1 日（星期一）下午 15:00 在甘肃省兰州市七里河区瓜州路 4800 号 甘肃国投大厦 13 楼会议室召开。甘肃陇达律师事务所（以下简称"本所"）接受 公司聘任，指派本所律师参加本次股东大会现场会议，并根据《中华人民共和国公 司法》、《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督 管理委员会《上市公司股东会规则》（以下简称"《股东会规则》"）以及《兰州 长城电工股份有限公司章程》（以下简称"《公司章程》"）等有关规定，就本次 股东大会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议表决程 序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《兰州长城电工股份有限公司第八届董事 会第二十二次会议决议公告》、《兰州长城电工股份有限公司第八届监 ...

Investment Rating - The report maintains an "Overweight" rating for the electric equipment and new energy industry [2] Core Viewpoints - The report suggests focusing on the new energy storage segment, highlighting the need for system-friendly new energy power plants to address the instability of renewable energy output [2][39] - The report emphasizes the importance of enhancing the predictive accuracy of wind and solar power generation to improve grid integration [39] - It recommends paying attention to leading inverter companies that benefit from the development of new energy storage technologies [39] Market Review - As of August 28, 2025, the electric equipment industry has increased by 6.08% over the past two weeks, underperforming the CSI 300 index by 0.88 percentage points, ranking 9th among 31 industries [11] - The electric equipment industry has risen by 11.88% this month, outperforming the CSI 300 index by 2.35 percentage points, ranking 7th [11] - Year-to-date, the electric equipment sector has increased by 15.01%, outperforming the CSI 300 index by 1.56 percentage points, ranking 16th [11] Valuation and Industry Data - As of August 28, 2025, the PE (TTM) for the electric equipment sector is 28.32 times, with sub-sectors showing varied valuations: - Electric motor II: 57.18 times - Other power equipment II: 54.33 times - Photovoltaic equipment: 21.08 times - Wind power equipment: 35.53 times - Battery: 27.20 times - Grid equipment: 26.13 times [22][25] Industry News - The report discusses the Chinese government's initiatives to promote green and low-carbon urban development, emphasizing energy efficiency and the adoption of advanced technologies [35] - It highlights the National Energy Administration's focus on enhancing the adaptability of the power system to renewable energy, including the construction of a new power system and the promotion of energy storage solutions [36] Company Announcements - The report includes recent financial performance announcements from various companies, such as: - GreenMe achieved a revenue of 17.56 billion yuan in the first half of 2025, a year-on-year increase of 1.28% [41] - XianDai Intelligent reported a revenue of 6.61 billion yuan, up 14.92% year-on-year [41] - Euro Continental's revenue reached 2.12 billion yuan, reflecting a growth of 32.59% [41]

Core Viewpoint - The apple futures sector experienced a decline of 0.41% on August 28, with Changcheng Electric leading the drop, while the Shanghai Composite Index rose by 1.14% and the Shenzhen Component Index increased by 2.25% [1] Group 1: Market Performance - The closing price for the apple futures sector stocks showed mixed results, with notable declines in Changcheng Electric by 5.09% and Honghui Fruits and Vegetables by 3.63% [1] - The trading volume for the apple futures sector was significant, with An Deli recording a volume of 16,700 and a transaction value of 83.63 million yuan [1] Group 2: Capital Flow - The apple futures sector saw a net outflow of 124 million yuan from main funds, while retail investors contributed a net inflow of 128 million yuan [1] - Detailed capital flow data indicated that ST Langyuan had a main fund net outflow of 7.92 million yuan, while retail investors contributed a net inflow of 4.97 million yuan [2]

Meeting Overview - The first temporary shareholders' meeting of Lanzhou Changcheng Electric Co., Ltd. is scheduled for September 1, 2025, at 15:00, combining on-site and online voting methods [1][2] - The meeting will be chaired by Chairman Liu Wanxiang, and the agenda includes the introduction of attendees, election of scrutineers, and the review of several proposals [1][2] Proposals - Proposal to add Zhang Jianjun as a non-independent director candidate for the eighth board of directors, with no current shareholding in the company and no disqualifying relationships [3][4] - Proposal to abolish the supervisory board and amend the company's articles of association to enhance corporate governance and efficiency, integrating supervisory responsibilities into the audit committee [5][6] Amendments to Articles of Association - Key amendments include the removal of the supervisory board, adjustments to the roles of the audit committee, and updates to the governance structure to align with recent regulations [5][6] - The revised articles emphasize the political core role of the company's party committee and the importance of maintaining the rights of shareholders and creditors [6][7] Voting Procedures - Shareholders can vote based on their represented shares, with each share granting one vote, and the meeting will not adopt a cumulative voting system [2][3] - Voting will be conducted through a named voting method, and results will be reported to the Shanghai Stock Exchange [2][3] Attendance and Participation - All registered shareholders have the right to attend and vote, either in person or online, during specified trading hours on the meeting day [1][2] - Shareholders are encouraged to review all proposals carefully and exercise their voting rights responsibly [3][4]

Core Viewpoint - The apple futures sector experienced a slight increase of 0.67% on August 26, with Xinyangfeng leading the gains, while the Shanghai Composite Index fell by 0.39% and the Shenzhen Component Index rose by 0.26% [1] Group 1: Market Performance - The closing price for Xinyangfeng was 15.28, with a rise of 1.87% and a trading volume of 259,800 shares, amounting to a transaction value of 396 million yuan [1] - ST Langyuan closed at 5.93, up 1.19%, with a trading volume of 68,700 shares and a transaction value of 40.63 million yuan [1] - Changcheng Electric closed at 11.22, increasing by 0.63%, with a trading volume of 214,100 shares and a transaction value of 240 million yuan [1] - Guotou Zhonglu closed at 23.63, up 0.60%, with a trading volume of 123,100 shares and a transaction value of 288 million yuan [1] - Andeli closed at 51.57, with a slight increase of 0.10%, trading 21,500 shares for a value of 112 million yuan [1] - Honghui Fruit and Vegetable closed at 9.16, down 1.82%, with a trading volume of 226,000 shares and a transaction value of 208 million yuan [1] Group 2: Fund Flow Analysis - The apple futures sector saw a net outflow of 101 million yuan from main funds, while retail funds experienced a net inflow of 70.34 million yuan [1] - ST Langyuan had a main fund net outflow of 1.296 million yuan, with retail funds net inflow of 705,500 yuan [2] - Guotou Zhonglu experienced a main fund net outflow of 4.0656 million yuan, while retail funds saw a net inflow of 6.7819 million yuan [2] - Changcheng Electric had a main fund net outflow of 8.4861 million yuan, with retail funds net inflow of 10.3552 million yuan [2] - Andeli faced a main fund net outflow of 8.8520 million yuan, while retail funds had a net inflow of 13.4562 million yuan [2] - Xinyangfeng reported a main fund net outflow of 26.9647 million yuan, with retail funds net inflow of 486,800 yuan [2] - Honghui Fruit and Vegetable had a significant main fund net outflow of 51.3715 million yuan, while retail funds saw a net inflow of 39.5257 million yuan [2]

Group 1 - The stock price of Changcheng Electric fell by 2.04% on August 22, trading at 11.07 CNY per share with a total market capitalization of 4.89 billion CNY [1] - Year-to-date, the stock price has increased by 91.85%, with a recent decline of 2.04% over the last five trading days, an increase of 18.40% over the last 20 days, and a 27.83% increase over the last 60 days [1] - The company has appeared on the trading leaderboard 11 times this year, with the most recent appearance on August 4, where it recorded a net buy of 104 million CNY [1] Group 2 - Changcheng Electric, established on December 10, 1998, is located in Lanzhou, Gansu Province, and was listed on December 24, 1998 [2] - The company's main business includes the research, production, and sales of high, medium, and low voltage switchgear, electrical components, bus ducts, and automation devices, as well as hydropower operation and management [2] - The revenue composition of the company is as follows: manufacturing 86.75%, engineering projects 6.79%, logistics trade 3.38%, and others 3.08% [2] Group 3 - As of June 30, the number of shareholders of Changcheng Electric increased by 174.41% to 82,600, while the average circulating shares per person decreased by 63.56% to 5,351 shares [2] - For the first half of 2025, the company reported a revenue of 694 million CNY, a year-on-year decrease of 6.31%, and a net profit attributable to shareholders of -112 million CNY, a year-on-year decrease of 38.51% [2] Group 4 - Since its A-share listing, Changcheng Electric has distributed a total of 95.49 million CNY in dividends, with no dividends paid in the last three years [3]

Group 1 - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares (including tax) for the first half of 2025, with a total distribution amounting to approximately RMB 61.93 million based on the total share capital of 206,435,681 shares as of June 30, 2025 [1][43][45] - The board of directors and the supervisory board have confirmed the authenticity, accuracy, and completeness of the half-year report, ensuring no false records or significant omissions exist [5][33] - The company will hold its first extraordinary general meeting of 2025 on September 8, 2025, to review the proposed profit distribution plan and other matters [52][53] Group 2 - The company has decided to cancel the supervisory board, with its functions being transferred to the audit committee of the board of directors, in accordance with the new Company Law effective from July 1, 2024 [62][63] - The board of directors will increase its membership from 7 to 9, maintaining 3 independent directors while increasing non-independent directors from 4 to 6, including one employee representative [65] - The company will change its registered address to a new location in Huzhou, reflecting its operational needs [66] Group 3 - The company has appointed Shen Hongming as the new general manager, following the resignation of the previous general manager, Gu Zhengwei, who will continue to serve as the chairman of the board [49][50][51] - The board has approved various governance system revisions to enhance operational compliance and decision-making effectiveness [19][20][62]

Group 1 - The stock price of Changcheng Electric reported at 11.60 yuan as of August 20, 2025, with an increase of 1.75% compared to the previous trading day [1] - The trading volume on that day was 479,750 hands, with a transaction amount of 560 million yuan [1] - The company is primarily engaged in the manufacturing of electrical machinery and equipment, belonging to the power grid equipment sector [1] Group 2 - Changcheng Electric is registered in Gansu Province and is associated with the concept of central state-owned enterprise reform [1] - The company announced a semi-annual performance briefing scheduled for August 27, 2025, from 11:00 to 12:00 [1] - On August 20, the net inflow of main funds was 34.41 million yuan, while the cumulative net outflow over the past five trading days was 318.87 million yuan [1]

Core Viewpoint - The company, Changcheng Electric (600192), announced that it will hold a semi-annual performance briefing on August 27, 2025, from 11:00 to 12:00 [1] Company Summary - Changcheng Electric plans to conduct a performance explanation meeting for the first half of 2025 [1]