证券代码：600550 证券简称：保变电气 公告编号：临 2025-047 本次交易构成关联交易，但不构成《上市公司重大资产重组管 理办法》规定的重大资产重组。 本次关联交易已经公司 2025 年第四次独立董事专门会议、第 八届董事会第三十九次会议审议通过，关联董事回避表决。 本次交易需提交公司 2025 年第三次临时股东大会审议。 保定天威保变电气股份有限公司 关于接受控股股东以委托贷款方式 拨付国有资本经营预算资金暨关联交易公告 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 保定天威保变电气股份有限公司（以下简称"公司"或"本公 司"）拟接受控股股东中国电气装备集团有限公司（以下简称"中国 电气装备"）以委托贷款方式向公司拨付国有资本经营预算资金人民 币 3,690 万元，贷款利率 2.3%，贷款期限 3 年。 一、 关联交易的概述 公司通过控股股东中国电气装备集团有限公司（以下简称"中国 电气装备"）申请获批了 2025 年国有资本经营预算资金人民币 3,690 万元。根据《中央企业国有资本经营预算支出 ...

证券代码：600550 证券简称：保变电气 公告编号：临 2025-045 保定天威保变电气股份有限公司 第八届监事会第十八次会议决议公告 2.公司 2025 年第三季度报告的内容与格式符合中国证监会和上海证 1 券交易所的各项规定，所包含的信息能从各个方面真实地反映出公司 2025 年第三季度的经营管理和财务状况等事项。 本公司监事会及全体监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、监事会会议召开情况 保定天威保变电气股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日以电子邮件方式发出召开公司第八届监事会第十八次会议的通 知，于 2025 年 10 月 24 日以通讯表决方式召开了第八届监事会第十八次 会议。公司 3 名监事全部出席了本次会议，本次会议召开符合有关法律、 行政法规、部门规章、规范性文件和公司章程的规定。 二、监事会会议审议情况 与会监事经过认真审议，通过了以下议案： （一）《关于<公司 2025 年第三季度报告>的议案》（该项议案同意 票 3 票，反对票 0 票，弃权票 0 票） 公司监事会根据《证 ...

Core Viewpoint - The transformer industry is experiencing a significant surge in demand due to global energy transitions and the increasing need for electric vehicles and AI data centers, leading to a supply crisis and substantial export growth from China [5][10][25]. Export Growth - In the first eight months of 2025, China's transformer exports reached 29.711 billion yuan, marking a year-on-year increase of 51.42%. August alone saw exports of 4.718 billion yuan, up 57.90% year-on-year [7][8]. - Exports to Asia, Africa, Europe, and North America grew by 65.39%, 28.03%, 138.03%, and decreased by 4.35% respectively, indicating strong demand from most regions [7]. Market Demand - The global transformer market is projected to reach $103 billion by 2031, with a compound annual growth rate (CAGR) of 6.1% from 2021 to 2031 [15][16]. - The demand for transformers is driven by the growth of renewable energy sources, which require 1.5 to 3 times more transformers compared to traditional power generation systems [10]. Supply Crisis - The average delivery time for transformers has increased to 115-130 weeks, with large transformers taking 120-210 weeks, significantly longer than previous timelines [26]. - Since 2020, transformer prices have risen by over 60%, with some categories increasing by more than 80% due to supply-demand imbalances [27]. Opportunities for China - China is the largest transformer manufacturing base, accounting for over 60% of global production in 2023, and has a complete and self-sufficient supply chain [37][40]. - Chinese companies like TBEA, Xidian, and Baobian Electric are consistently ranked among the top ten global transformer manufacturers [38]. - The recent global supply shortages present a valuable opportunity for Chinese manufacturers to expand their market share internationally [43].

Core Viewpoint - The company announced the resignation of its Vice President, Liu Haiming, due to work-related changes [2] Company Summary - Liu Haiming submitted a written resignation report to the company's board of directors [2] - The resignation is attributed to work changes, indicating potential shifts in the company's management structure [2]

证券代码：600550 证券简称：保变电气 公告编号：临 2025-043 保定天威保变电气股份有限公司 关于公司高级管理人员离任的公告 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。 保定天威保变电气股份有限公司（以下简称"公司"）董事会于 近日收到公司副总经理刘海明先生递交的书面辞职报告。因工作变动， 刘海明先生申请辞去公司副总经理职务，具体情况如下。 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在上 市公司及其控 股子公司任职 具体职务 （如适用） 是否存在 未履行完 毕的公开 承诺 刘海明 副总经理 2025 年 10 月 20 日 不适用 工作变动 否 不适用 否 一、提前离任的基本情况 根据《中华人民共和国公司法》和《公司章程》等相关规定，刘 海明先生的辞职报告自送达董事会之日起生效。 刘海明先生所负责的工作已完成交接，其离任不会影响公司正常 的生产经营。截至本公告披露日，刘海明先生持有公司股票 600 股， 不存在未履行完毕的公开承诺，其离任后将严格遵守《上市公司董事 和高级管理人员所持本公司 ...

Core Viewpoint - The company announced the resignation of Vice President Liu Haiming due to job changes, effective October 20, 2025, and expressed gratitude for his contributions during his tenure [1] Company Summary - Liu Haiming submitted a written resignation report and officially left the company on October 20, 2025 [1] - He held 600 shares of the company's stock and had no outstanding public commitments [1] - The company and its board thanked Liu Haiming for his contributions during his time in office [1]

保变电气10月20日公告，公司董事会近日收到公司副总经理刘海明的书面辞职报告，因工作变动，刘海 明申请辞去公司副总经理职务，辞职报告自送达董事会之日起生效。刘海明辞职后将不再在公司及其控 股子公司任职。 ...

Core Insights - On October 15, Haier Biomedical and Hainan Huatie disclosed shareholding increases, while 23 A-share listed companies announced shareholding reductions [1][3] Group 1: Shareholding Increases - Haier Biomedical's major shareholder, Jiusiyouxuan No.1 Private Securities Investment Fund, has become a shareholder with over 5% stake [3] - Hainan Huatie's second-largest shareholder, Hu Danfeng, completed a share increase plan, accumulating 6.448 million shares [3] Group 2: Shareholding Reductions - Ugreen Technology plans to reduce its shareholding by up to 1.5% [3] - Dongxin Peace's directors, Chen Zongchao and Huang Xiaopeng, plan to reduce their shareholdings [3] - Meilixin's director, Ma Minghai, and others intend to reduce their holdings by up to 0.34% [3] - Dongsoft Zhaibo's controlling shareholder, Lanhai Ruisheng, plans to reduce its stake by up to 1.06% [3] - Demingli's second-largest shareholder, Wei Hongzhang, intends to reduce its holdings by up to 1.32% [3] - Nanling Technology's shareholders plan to collectively reduce their holdings by up to 3.26% [3] - Lio Co., Ltd. plans to reduce up to 135 million shares of its repurchased shares [3] - Huizhiwei's second-largest shareholder, the National Fund Phase II, plans to reduce its holdings by up to 1% [3] - Hahuan Huadong's shareholder, Hexie Investment, plans to reduce its holdings by up to 1% [3] - Huichuangda's shareholder, Ningbo Tongjia, plans to reduce its holdings by up to 2.9999% [3] - Jinsong New Materials' shareholder, Ningbo Liyi, plans to reduce its holdings by up to 2% of the total share capital [3] - Feirongda's controlling shareholder and actual controller plan to reduce their holdings [3] - Deyi Culture's specific shareholder, Chen Lan, plans to reduce its holdings by up to 1% [3] - Sanfeng Intelligent's Dong Chenwei and his associates plan to reduce their holdings by up to 2.85% [3] - Yilian Forging's shareholder, Gaoxin Tonghua, plans to reduce its holdings by up to 3% [3] - Huada Jiutian's fourth-largest shareholder, the National Fund, has cumulatively reduced 2.7147 million shares [3] - Riyue Co., Ltd.'s director and vice president, Zhang Jianzhong, plans to reduce up to 156,900 shares [3] - Western Gold's second-largest shareholder, Yang Niurong, plans to reduce up to 18.22 million shares [3] - Yonghui Supermarket's vice president, Luo Wenxia, plans to reduce up to 109,000 shares [3] - Baobian Electric's shareholder, the financial arm of the military industry, plans to reduce up to 0.98% [3] - Keli Sensor's Lu Zhonggeng and Huang Zhaoxia plan to reduce their holdings by up to 0.4807% and 0.0359% respectively [3] - Shuhua Sports' shareholders plan to collectively reduce their holdings by up to 3% [3] - Jintuo Co., Ltd.'s shareholders, Pan Zhu He and others, plan to reduce their holdings by up to 2.95% [3]

Core Insights - On October 15, several A-share listed companies disclosed their shareholding changes, with notable increases and decreases in holdings by major shareholders [1] Group 1: Increased Holdings - Haier Biomedical's major shareholder, Jiusiyouxuan No.1 Private Securities Investment Fund, has become a shareholder with over 5% stake [2] - Hainan Huate's second-largest shareholder, Hu Danfeng, completed a share buyback plan, accumulating 6.448 million shares [2] Group 2: Decreased Holdings - Ugreen Technology's shareholders plan to reduce their holdings by up to 1.5% [2] - Dongxin Peace's directors, Chen Zongchao and Huang Xiaopeng, are planning to sell shares [2] - Meilixin's director, Ma Minghai, and others intend to reduce their holdings by up to 0.34% [2] - Dongsoft Zhaibo's controlling shareholder, Lanhai Ruisheng, plans to reduce holdings by up to 1.06% [2] - Demingli's second-largest shareholder, Wei Hongzhang, intends to reduce holdings by up to 1.32% [2] - Nanling Technology's shareholders plan to collectively reduce holdings by up to 3.26% [2] - Liou Co. plans to reduce up to 135 million shares of repurchased stock [2] - Huizhiwei's second-largest shareholder, the National Fund II, plans to reduce holdings by up to 1% [2] - Other companies, including Hahai Transportation, Huichuangda, and others, have also announced plans for share reductions [2]

保变电气10月15日晚间公告，公司持股5%以上股东中国兵器装备集团有限公司的一致行动人兵器装备 集团财务有限责任公司计划自2025年11月20日起至2026年2月19日止，通过集中竞价方式减持公司股份 不超过1800.4万股，即不超过公司总股本的0.98%。减持股份来源为司法划转取得，减持原因为财务公 司经营范围受限。本次减持不设价格区间。 ...