（文章来源：证券日报） 证券日报网讯 1月14日，保变电气发布公告称，公司于近日收到董事长刘淑娟女士的书面辞职报告。因 工作变动，刘淑娟女士申请辞去公司董事长、董事和董事会专门委员会相关职务，辞职后不再担任公司 任何职务。 ...

人民财讯1月14日电，保变电气（600550）1月14日公告，因工作变动，刘淑娟申请辞去公司董事长、董 事和董事会专门委员会相关职务，辞职后不再担任公司任何职务。 ...

（记者 张明双） 每经头条（nbdtoutiao）——海利生物增值9倍并购的企业，估值8个月"腰斩"，其第一大客户竟是尚未 成立的公司，离奇的事还不少…… 每经AI快讯，保变电气1月14日晚间发布公告称，因工作变动，刘淑娟女士申请辞去公司董事长、董事 和董事会专门委员会相关职务，辞职后不再担任公司任何职务。 ...

保定天威保变电气股份有限公司 二〇二六年第一次临时股东会会议材料 二〇二六年一月 保变电气 二〇二六年第一次临时股东会会议材料目录 目 录 | 1.保变电气二〇二六年第一次临时股东会会议须知 2 | | --- | | 2.保变电气二〇二六年第一次临时股东会授权委托书 4 | | 3.保变电气二〇二六年第一次临时股东会会议议程 5 | | 4.保变电气二〇二六年第一次临时股东会会议议案 6 | | （1）关于补选许涛先生为公司董事的议案 6 | 1 保变电气 二〇二六年第一次临时股东会会议须知 4、股东及股东代表参加股东会，依法享有发言权、表决权等各项权 利，并认真履行法定义务，不得侵犯其他股东合法权益，不得扰乱会议的 正常秩序。 5、股东会对提案进行表决前，推举两名股东代表参加计票和监票。 审议事项与股东有关联关系的，相关股东及代理人不得参加计票、监票。 股东会对提案进行表决时，由律师、股东代表共同负责计票、监票。 6、股东会召开过程中，股东及股东代表临时要求发言或就有关问题 提出质询的，应当先向会议秘书处报名，经会议主持人许可，方能发言或 提出问题。 7、每位股东及股东代表发言一般不超过两次，时间最好不超 ...

二、离任对公司的影响 根据《公司法》《公司章程》及相关规定，刘淑娟女士的离任不 会导致公司董事会低于法定最低人数，不会影响董事会的正常运作和 公司日常生产经营。刘淑娟女士已按照相关法律法规做好工作交接， 其辞职报告自送达公司之日起生效。公司已按法定程序开展董事补选 等相关工作。 证券代码：600550 证券简称：保变电气 公告编号：临 2026-001 保定天威保变电气股份有限公司 关于董事长离任的公告 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。 一、提前离任的基本情况 保定天威保变电气股份有限公司（以下简称"公司"）于近日收 到董事长刘淑娟女士的书面辞职报告。因工作变动，刘淑娟女士申请 辞去公司董事长、董事和董事会专门委员会相关职务，辞职后不再担 任公司任何职务。 | 姓名 | 离任职务 | 离任时间 | | 原定任 | | 是否继续在上 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期到期 ...

证券代码：600550 证券简称：保变电气 公告编号：临 2026-003 保定天威保变电气股份有限公司 关于召开2026年第一次临时股东会的通知 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： 股东会召开日期：2026年1月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络 投票系统 一、 召开会议的基本情况 (一) 股东会类型和届次 2026年第一次临时股东会 (二) 股东会召集人：董事会 1 13:00-15:00；通过互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的 投票程序 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网 络投票相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2026 年 1 月 30 日 9 点 30 分 召开地点：公司会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 1 月 ...

（一）《关于补选许涛先生为公司董事的议案》（该议案同意票 8 票，反对票 0 票，弃权票 0 票） 根据控股股东中国电气装备集团有限公司推荐，经董事会提名委员 会审核，补选许涛先生（简历详见附件）为公司董事，任期自股东会通 过之日至董事会换届，连选可以连任。 证券代码：600550 证券简称：保变电气 公告编号：临 2026-002 保定天威保变电气股份有限公司 第八届董事会第四十二次会议决议公告 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。 一、董事会会议召开情况 保定天威保变电气股份有限公司（以下简称"公司"）于 2026 年 1 月 12 日以邮件或送达方式发出了关于召开公司第八届董事会第四 十二次会议的通知，于 2026 年 1 月 14 日以通讯表决方式召开了第八 届董事会第四十二次会议，公司现任 8 名董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、董事会会议审议情况 经与会董事认真审议和表决，通过了以下议案： 保定天威保变电气股份有限公司董事会 20 ...

格隆汇1月14日丨保变电气(600550.SH)公布，保定天威保变电气股份有限公司于近日收到董事长刘淑娟 女士的书面辞职报告。因工作变动，刘淑娟女士申请辞去公司董事长、董事和董事会专门委员会相关职 务，辞职后不再担任公司任何职务。 ...

Group 1 - Guodian NARI (600406) is a state-owned enterprise based in Nanjing, recognized as a benchmark for scientific reform among central enterprises, with a strong research and development system and significant achievements in grid technology [1] - The company has a market share of over 75% in dispatch automation systems and over 50% in UHV converter valves, with its products addressing grid stability issues caused by renewable energy generation [1] - The demand for AI computing power and electricity is driving the construction of new power systems, and the company is expanding its overseas business, exporting products like distribution transformers to multiple countries [1] Group 2 - Suyuan Electric (002028) is a comprehensive supplier of power transmission and distribution based in Shanghai, focusing on UHV and energy storage sectors, and is the largest manufacturer of high-voltage packages and coils in China [2] - The company expects 60% of its overseas revenue in 2024 to come from transformers, with overseas orders growing over 50% and a remarkable 89% growth in the first half of 2025 [2] - The surge in demand for high-voltage transmission and distribution equipment driven by AI computing centers and new energy projects presents significant growth opportunities for the company [2] Group 3 - China XD Electric (601179) is a state-owned enterprise based in Xi'an, specializing in high and ultra-high voltage transformers and power transmission and distribution equipment, capable of producing products across a voltage range of 10kV to 1000kV [3] - The company has a significant market share in UHV projects and has seen an increase in exports to Europe, with its technology reaching international advanced levels [3] - The demand for UHV technology is increasing due to the need for long-distance power transmission, and the company is well-positioned to meet both domestic and international market needs [3] Group 4 - Baobian Electric (600550) is a core supplier of UHV DC transformers based in Baoding, with a strong position in high-end transformers and a market share of 30% in UHV products [4] - The company has unique technologies that reduce material costs and has participated in major projects, exporting to over 40 countries [4] - The urgent demand for high-reliability transformers driven by AI computing centers and new energy power stations positions the company to benefit from both domestic and international projects [4] Group 5 - Jinpan Technology (688676) is a leading global manufacturer of dry-type transformers based in Haikou, focusing on wind and solar energy applications, with 98% of its products supporting renewable energy [5] - The company has a significant order backlog of 2.85 billion yuan for 2025, reflecting a substantial year-on-year growth of 180% [5] - The increasing demand for efficient dry-type transformers from AI computing centers and the proliferation of renewable energy generation presents a strong growth opportunity for the company [5] Group 6 - Mingyang Electric (301291) is a leader in offshore wind power transformers based in Zhongshan, specializing in dry-type transformers and prefabricated substations [6] - The company has developed products that meet the extreme conditions of offshore environments and is expected to achieve significant sales in North America by 2026 [6] - The growing demand for offshore wind power and the urgent need for grid upgrades in North America provide ample order support for the company [6] Group 7 - Teruid (300001) is a pioneer in outdoor box-type power equipment based in Qingdao, recognized as a champion enterprise in manufacturing [7] - The company has a complete technology system for modular prefabricated substations and has a leading market share in the new energy sector [7] - The demand for modular products from AI computing centers and the need for grid upgrades position the company to capture significant market growth [7] Group 8 - XJ Electric (000400) is a high-tech enterprise based in Xuchang, focusing on UHV and smart grid technologies, with a comprehensive industrial chain covering all aspects of power transmission and distribution [8] - The company has participated in all domestic UHV DC transmission projects and has a strong patent portfolio [8] - The growth in AI computing and electricity demand is accelerating the construction of smart grids, providing competitive advantages for the company [8] Group 9 - Sifang Co., Ltd. (601126) is based in Beijing and has a strong advantage in smart distribution networks, providing a full range of products for self-healing control and primary and secondary integration [9] - The company has implemented its products in over 30 provinces and cities, significantly improving efficiency in power distribution [9] - The demand for reliable power supply from AI computing centers and the ongoing digital transformation of distribution networks present broad development opportunities for the company [9] Group 10 - Samsung Medical (601567) is based in Ningbo and operates in both smart power distribution and medical services, covering a wide range of products in the power equipment sector [10] - The company has established manufacturing bases in multiple locations and has a marketing presence in over 70 countries [10] - The construction of AI computing centers and new energy projects requires substantial power distribution equipment, positioning the company to benefit from global demand growth [10]

Core Viewpoint - The global transformer shortage is becoming critical due to surging electricity demand, with China emerging as the largest beneficiary of this crisis, controlling 60% of global transformer production capacity [2][3][4]. Group 1: Transformer Supply and Demand - The supply gap for electric transformers in the U.S. has increased by 116% and 41% for power transformers and distribution transformers, respectively, since 2019, indicating a significant demand surge [3]. - Europe plans to invest €584 billion to expand its power grid, but progress is hindered by transformer shortages [2]. - The average export price of Chinese transformers has risen to approximately $20,800 per unit, with export value reaching 29.711 billion yuan in the first eight months of 2025, showing a growth of 65.39% to Asia and over 138% to Europe [4]. Group 2: Reasons for Transformer Shortage - The transformer shortage is attributed to aging power infrastructure in Europe and the U.S., with 31% of transmission and 46% of distribution facilities in the U.S. being outdated [5]. - The rapid rise of new industries, particularly in AI and renewable energy, has further intensified the demand for transformers, with solar power plants requiring 1.8 times more transformers than traditional coal-fired plants [6]. Group 3: Global Market Dynamics - Major global energy companies are investing heavily to capture market share, with Siemens Energy announcing a €2 billion expansion and Hitachi planning to invest $6 billion by 2027 [7]. - China has formed a strong coalition in the transformer industry, integrating leading companies to create a "national team" capable of dominating the market [8]. Group 4: Historical Context and Development - China's transformer industry has evolved from a state of dependency on foreign technology in the 1980s to a leading global position, overcoming significant technical challenges [10][12]. - The breakthrough in high-voltage transformer technology marked a turning point for China's energy sector, enabling the country to develop a vast high-voltage transmission network [14][15]. Group 5: Current and Future Outlook - The global transformer market is projected to reach $1 trillion by 2031, reflecting the critical role of transformers in the ongoing energy transition [6]. - China's electricity generation has surpassed 1 trillion kilowatt-hours, establishing it as the world's first "electric power empire," with a significant share of global electricity consumption [16][19].