Meeting Overview - The shareholders' meeting of Shanghai Zhenhua Heavy Industries Co., Ltd. was held on May 28, 2025, at the company's conference room in Shanghai [1]. - The meeting was presided over by the chairman, Mr. Rui Kai, and utilized a combination of on-site and online voting methods, complying with the Company Law and the company's articles of association [1]. Attendance and Voting Results - A total of 1,082 A-share shareholders and 79 B-share shareholders attended the meeting [1]. - A-share shareholders held a total of 1,604,871,718 shares, representing 30.4624% of the total shares, while B-share shareholders held 998,271,750 shares, representing 18.9485% of the total shares [1]. - The voting results showed overwhelming support for the proposals, with A-shares voting 99.7856% in favor, and B-shares voting 99.9787% in favor [1][2]. Proposal Outcomes - All proposals presented at the meeting were approved, with voting percentages consistently above 99% for both A and B shares [2][3]. - Specific voting results included: - A-shares: 1,601,431,342 votes in favor (99.7856%), 1,443,760 against (0.0900%), and 1,996,616 abstentions (0.1244%) [1]. - B-shares: 998,058,934 votes in favor (99.9787%), 211,316 against (0.0212%), and 1,500 abstentions (0.0001%) [1]. Financial and Operational Reports - The meeting included the review of the 2024 annual financial report and the distribution of profits, which were also approved by the shareholders [6][7]. - The company plans to continue its operational strategies and financial management as outlined in the reports presented during the meeting [6].

上述回购方案及股东大会决议的具体内容详见公司分别于 2025 年 4 月 28 日、2025 年 5 月 29 日在上海证券交易所网站（www.sse.com.cn）披露的《振华 重工关于以集中竞价交易方式回购公司部分 A 股股票方案的公告》（公告编号： 临 2025-018）、《振华重工 2024 年年度股东大会决议公告》（公告编号：临 2025-022）。 证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-023 上海振华重工（集团）股份有限公司 关于回购股份注销减少注册资本通知债权人的公告 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。 一、通知债权人的原由 上海振华重工（集团）股份有限公司（以下简称"公司"）为加强市值管理 工作，分别于 2025 年 4 月 27 日、2025 年 5 月 28 日召开第九届董事会第十一次 会议、2024 年年度股东大会，审议通过了《关于审议<回购公司部分 A 股股票> 的议案》，同意公司自股东大会审议通过本次回购股份方案之日起 12 个月 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-022 上海振华重工（集团）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： 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 5 月 28 日 (二)股东大会召开的地点：上海市东方路 3261 号公司 223 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 | 1,161 | | --- | --- | | 其中：A 股股东人数 | 1,082 | | 境内上市外资股股东人数（B 股） | 79 | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,603,143,468 | | 其中：A 股股东持有股份总数 | 1,604,871,718 | | 境内上市外资股股东持有股份总数(B 股) | 998,271,750 | | 3、出席会议的股东所持有表决 ...

国浩律师（上海）事务所 法律意见书 关于上海振华重工（集团）股份有限公司 2024 年年度股东大会的法律意见书 致：上海振华重工（集团）股份有限公司 上海振华重工（集团）股份有限公司（以下简称"公司"）2024 年年度股东大 会（以下简称"本次股东大会"）定于 2025 年 5 月 28 日下午 14：00 在上海市东 方路 3261 号公司 223 会议室召开，国浩律师（上海）事务所（以下简称"本所"） 接受公司的委托，指派本所律师出席会议，并依据《中华人民共和国证券法》、 《中华人民共和国公司法》和《上海振华重工（集团）股份有限公司章程》（以 下简称《公司章程》）出具本法律意见书。 本所律师已经按照有关法律、法规的规定对本次股东大会召集、召开程序是 否合法及是否符合《公司章程》、股东大会召集人资格的合法有效性、出席会议 人员资格的合法有效性和股东大会表决程序、表决结果等发表法律意见。法律意 见书中不存在虚假、严重误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师是根据对事实的了解和对法律的理解发表法律意见。 本法律意见书依据国家有关法律、法规的规定而出具。 本所律师同意将本法律意见书作为公司本次 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-024 上海振华重工（集团）股份有限公司 第九届董事会第十二次会议决议公告 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。 上海振华重工（集团）股份有限公司（以下简称"公司"）第九届董事会第 十二次会议于 2025 年 5 月 28 日以现场和通讯相结合的方式召开。应到董事 10 人，实到 10 人。会议的召开及程序符合《公司法》、《公司章程》等相关规定， 与会董事一致审议通过如下议案： 一、《关于审议<投资设立全资子公司>的议案》 公司第九届董事会提名委员会第六次会议同意相关内容。 三、《关于审议<注册发行超短期融资券>的议案》 为丰富公司融资渠道，公司拟于 2025 年在银行间债券市场注册 20 亿元超 短期融资券（简称"超短融"），并择机进行发行。 本次超短融注册规模为 20 亿元人民币；2025 年计划发行不超过 5 亿元人民 币；发行期限不超过 270 天（含）；募集资金扣除发行费用后全部用于偿还公司 债务及补充流动资金。 ...

Group 1 - The U.S. government's decision to impose a 100% tariff on Chinese cranes has faced strong opposition from the American Association of Port Authorities, highlighting a new dimension in the U.S.-China economic rivalry [1] - Over 80% of the cranes used in U.S. ports come from China, specifically from ZPMC, with Japanese and European companies' annual production capacity being less than one-fifth of China's [1] - The procurement cost for cranes at the Port of Houston is projected to rise from $100 million to $300 million due to the new tariffs, which could lead to significant challenges for U.S. ports [1] Group 2 - China's ZPMC has seen a 35% year-on-year increase in overseas orders, indicating the ongoing vitality of the Belt and Road Initiative [3] - The U.S. tariff policy has revealed limitations in American strategy, as it fails to revive domestic manufacturing or prevent the spread of Chinese technology standards [4] - The American Port Authorities Association predicts that U.S. ports will incur an additional $6.7 billion in costs over the next decade due to the tariffs, which will ultimately be passed on to U.S. businesses and consumers [6] Group 3 - China's dominance in the port machinery sector is attributed to decades of development, resulting in a complete industrial chain from R&D to service [4] - The integration of global supply chains has not progressed as the U.S. anticipated, with Southeast Asian countries still relying heavily on Chinese suppliers for high-end equipment [6] - The trend of talent flow is shifting, with more Chinese scholars returning home due to U.S. visa restrictions, which is strengthening China's innovation capabilities [9] Group 4 - Infrastructure construction has become a new battleground in U.S.-China competition, with Chinese companies undertaking overseas port and railway projects that often include the export of technology standards [7] - The Regional Comprehensive Economic Partnership (RCEP) has further reduced trade barriers within Asia, with China maintaining its position as the largest trading partner of ASEAN countries [9] - The essence of the U.S.-China rivalry is a competition of development models, with the U.S. attempting to maintain its advantage through sanctions and blockades, while China expands its space through open cooperation [9]

Core Viewpoint - Shanghai Zhenhua Heavy Industries Co., Ltd. has approved a proposal for the repurchase of part of its A-shares, which will be submitted for review at the 2024 annual general meeting of shareholders [1][2]. Group 1 - The company held its 11th meeting of the 9th Board of Directors on April 27, 2025, where the repurchase proposal was approved [1]. - The details of the repurchase plan will be disclosed on the Shanghai Stock Exchange on April 28 and May 7, 2025 [1]. - The equity registration dates for the 2024 annual general meeting are set for May 19, 2025, for A-shares and May 22, 2025, for B-shares [2]. Group 2 - The announcement includes the names and shareholding quantities of the top ten shareholders and the top ten unrestricted shareholders as of the registration date [2]. - All shares held by the top ten shareholders are unrestricted circulating shares [2]. Group 3 - The announcement was officially made by the Board of Directors of Shanghai Zhenhua Heavy Industries Co., Ltd. on May 24, 2025 [4].

Group 1 - The core revenue composition of Zhenhua Heavy Industries for the year 2024 is as follows: port machinery accounts for 59.77%, offshore heavy equipment 24.07%, steel structures 9.7%, ship transportation 3.85%, and the Nanjing Ninggao BT project 1.2% [1] Group 2 - Zhenhua Heavy Industries announced that its 11th meeting of the 9th Board of Directors will be held on April 27, 2025, to review a proposal that will be submitted to the 2024 annual shareholders' meeting for approval [3] - The top ten unrestricted shareholders as of May 19, 2025, include China Communications Group (Hong Kong) Holdings Limited with approximately 917 million shares (17.40%), China Communications Construction Company Limited with approximately 856 million shares (16.24%), and China Communications Construction Group Limited with approximately 663 million shares (12.59%) [3] - The total shares held by the top ten circulating shareholders amount to approximately 2.582 billion shares, representing about 49.00% of the total [3]

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-021 上海振华重工（集团）股份有限公司 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 上海振华重工（集团）股份有限公司（以下简称"公司"或"振华重工"） 于 2025 年 4 月 27 日召开第九届董事会第十一次会议，审议通过了《关于审议< 回购公司部分 A 股股票>的议案》，该议案尚需提交公司 2024 年年度股东大会审 议。具体内容详见公司于 2025 年 4 月 28 日、2025 年 5 月 7 日在上海证券交易 所网址（www.sse.com.cn）披露的《振华重工关于以集中竞价交易方式回购公司 部分 A 股股票方案的公告》（公告编号：临 2025-018）、《振华重工关于召开 2024 年年度股东大会的通知》（公告编号：临 2025-020）。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将公司 ...

Core Viewpoint - The company emphasizes high-quality development and strategic alignment with national policies, focusing on innovation, risk management, and operational efficiency to enhance its market position and contribute to economic growth [1][2][3]. Group 1: Strategic Development - The company actively integrates into national strategies such as manufacturing and maritime power, contributing to initiatives like the Belt and Road [2]. - A modern industrial system is being constructed with a focus on three core businesses: port machinery, marine engineering, and steel structures [2][3]. - The company has established a strategic planning framework to enhance its operational management and adapt to changing market conditions [3]. Group 2: Reform and Innovation - The company is advancing comprehensive reforms and has been recognized as a benchmark in the "Double Hundred" initiative, ranking 6th nationally [3]. - A focus on product development and customer service enhancement is evident, with the establishment of a new product committee [4]. - Significant investments in technology and innovation are being made, including the establishment of a green low-carbon research institute [4][5]. Group 3: Financial Performance - The company reported a revenue of approximately RMB 34.456 billion, a year-on-year increase of 4.62%, and a net profit of about RMB 534 million, up 2.60% [6]. - The company has improved its profitability metrics, with a profit margin increase of 19.39% year-on-year [6]. Group 4: Governance and Risk Management - The board of directors has strengthened its governance structure, ensuring a diverse and professional composition to enhance decision-making efficiency [7][8]. - A comprehensive risk management framework has been implemented, focusing on safety and quality management [5][6]. - The company has established a robust internal control system, ensuring compliance with legal and regulatory requirements [25][26]. Group 5: Market Position and Future Outlook - The company is positioned to capitalize on emerging opportunities in the port machinery and marine engineering sectors, driven by global energy shifts and infrastructure needs [18]. - The strategic focus for 2025 includes enhancing governance, risk management, and operational efficiency to achieve high-quality growth [19][20].