Core Insights - Shanghai Mechanical and Electrical Co., Ltd. reported a total operating revenue of 14.709 billion yuan for Q3 2025, ranking 4th among disclosed peers, which represents a decrease of 976 million yuan or 6.22% year-on-year [1] - The company's net profit attributable to shareholders was 705 million yuan, ranking 7th among peers, down by 23.517 million yuan or 3.23% compared to the same period last year [1] - Operating cash flow was 1.293 billion yuan, ranking 4th among peers, reflecting a decrease of 132 million yuan or 9.28% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 51.72%, ranking 133rd among peers, with a decrease of 0.38 percentage points from the previous quarter and a decrease of 4.61 percentage points year-on-year [3] - The latest gross profit margin is 15.01%, ranking 174th among peers, down by 0.39 percentage points from the previous quarter and down by 0.75 percentage points year-on-year [3] - The latest return on equity (ROE) is 5.04%, ranking 69th among peers, with a decrease of 0.34 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.69 yuan, ranking 28th among peers, down by 0.02 yuan or 2.82% year-on-year [3] - The latest total asset turnover ratio is 0.42 times, ranking 41st among peers, remaining flat year-on-year but down by 0.38 [3] - The latest inventory turnover ratio is 2.35 times, ranking 41st among peers, with an increase of 0.56 times year-on-year, marking a 31.45% increase over the past three years [3] Shareholder Structure - The number of shareholders is 82,600, with the top ten shareholders holding 544 million shares, accounting for 53.22% of the total share capital [3] - The largest shareholder is Shanghai Electric Group Co., Ltd. with 43% of shares [3]

Core Viewpoint - Shanghai Mechanical and Electrical Co., Ltd. is a leading manufacturer in the electromechanical integration equipment sector, with a diverse product line including elevators and printing packaging machinery, and has a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Shanghai Mechanical and Electrical achieved a revenue of 14.709 billion yuan, ranking first in the industry among 15 companies, significantly higher than the industry average of 2.323 billion yuan and the median of 848 million yuan [2] - The company's net profit for the same period was 1.016 billion yuan, also ranking first in the industry, compared to the second-ranked company, Guangri Co., which reported a net profit of 416 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Shanghai Mechanical and Electrical was 51.72%, higher than the industry average of 39.63%, but down from 56.33% in the same period last year [3] - The gross profit margin for the same period was 15.01%, lower than the industry average of 24.29%, and slightly decreased from 15.76% in the previous year [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 14.04% to 45,500, while the average number of circulating A-shares held per shareholder increased by 16.33% to 17,700 [5] - The top ten circulating shareholders included Hong Kong Central Clearing Limited, which held 19.032 million shares, a decrease of 1.6101 million shares from the previous period [5] Group 4: Future Outlook - The company is projected to achieve revenues of 20.661 billion yuan, 20.773 billion yuan, and 21.105 billion yuan for 2025 to 2027, with corresponding net profits of 0.925 billion yuan, 0.933 billion yuan, and 0.958 billion yuan, reflecting slight year-on-year changes [5] - Business highlights include the launch of a humanoid robot joint module in partnership with Dechang and a focus on expanding the after-market business for elevators, which is expected to be a new growth point [5]

关于召开2025年第三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。 证券代码：600835 、900925 证券简称：上海机电、机电 B 股 公告编号：2025-039 重要内容提示： 上海机电股份有限公司 一、 召开会议的基本情况 至2025 年 11 月 21 日 1、各议案已披露的时间和披露媒体 上述议案已经公司 2025 年 10 月 30 日召开的第十一届董事会第十六次会议 审议通过。会议决议公告于 2025 年 10 月 31 日刊登在本公司指定披露媒体《中 国 证 券 报 》《 上 海 证 券 报 》《 证 券 时 报 》 及 上 海 证 券 交 易 所 网 站 http://www.sse.com.cn。 2、对中小投资者单独计票的议案：全部 3、特别决议议案：第 1.01 项、第 1.02 项、第 1.03 项、第 1.04 项、第 1.05 项、第 1.06 项、第 1.07 项、第 1.08 项、第 1.09 项 4、涉及关联股东回避表决的议案：第 2.01、2.02、2.03 项议 ...

证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-035 上海机电股份有限公司第十一届董事会 第十六次会议决议公告 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。 本公司第十一届董事会第十六次会议的会议通知以书面形式在 2025 年 10 月 23 日送达董事，会议于 2025 年 10 月 30 日在上海东怡大酒店会议室召开，公 司董事应到 8 人，实到 8 人，董事长庄华先生主持会议，符合有关法律、法规、 规章和公司章程的规定。有关人员列席了会议。会议审议并通过如下决议： 一、公司 2025 年第三季度报告； 本议案已经公司董事会审计委员会审议通过。 本议案表决结果：参与表决的董事 8 名，同意 8 票；反对 0 票；弃权 0 票。 二、关于以集中竞价交易方式回购公司 B 股股份方案的议案； 基于对公司未来发展的信心，为维护广大投资者利益，公司结合自身财务状 况和经营状况，拟以自有资金回购公司境内上市外资股（B 股）予以注销并相应 减少公司注册资本（以下简称"本次回购" ...

证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-036 上海机电股份有限公司 关于以集中竞价交易方式回购股份的方案 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： ● 回购股份数量：回购不低于 10,227,393 股（含）境内上市外资股（B 股）， 且不超过 20,454,786 股（含）境内上市外资股（B 股），具体回购股份数量以 回购方案实施完毕或回购期限届满时实际回购股份数量为准。 ● 回购股份资金来源：公司自有资金 ● 回购股份用途：用于注销并减少公司注册资本 ● 相关风险提示：1、回购事项存在回购实施期间内因公司股票价格持续波 动超出回购价格上限、回购股份所需资金未能及时到位、对公司股票交易价格产 生重大影响的重大事项发生等原因终止本次回购方案等情况，导致本次回购方案 无法实施或只能部分实施的风险。2、本次回购事项存在监管部门对于上市公司 回购股份的规定与要求发生变化，导致本次回购方案不符合新的监管规定与要 求，从而无法实施或需要调整的风险。 ...

关于召开 2025 年第三季度业绩说明会的公告 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。 证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-040 上海机电股份有限公司 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开时间：2025 年 11 月 12 日（星期三）09:00-10:00 会议召开地点：上海证券交易所上证路演中心 （一） 会议召开时间：2025 年 11 月 12 日（星期三）09:00-10:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 05 日（星期三）至 11 月 11 日（星期二）16:00 前 登录 上证路演 中心网 站首页 点击"提问 预征集 "栏目 或通过公 司邮 箱 shjddm@chinasec.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 ...

证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-038 本次交易简要内容 1、上海机电股份有限公司（以下简称：本公司、公司）与上海电气集团财 务有限责任公司（以下简称：集团财务公司）签署《金融服务协议》。协议及相 关交易上限尚须获得本公司股东会的批准，股东会在审议本公司与集团财务公司 相关日常关联交易议案时，本公司关联股东上海电气集团股份有限公司（以下简 称：电气股份）须回避表决。 2、根据《上海证券交易所股票上市规则》（以下简称：上市规则）及《上海 证券交易所上市公司自律监管指引第 5 号—交易与关联交易》（以下简称：自律 监管指引第 5 号），本公司相关关联董事在董事会审议上述关联交易时回避表决。 3、董事会认为上述日常关联交易协议乃于本公司日常及一般业务过程中订 立，其条款公平合理并按一般商业条款订立，进行相关关联交易符合本公司和全 体股东的利益，公司不会由于相关日常关联交易对关联人形成较大的依赖。 | 每日最高存款余额 | 900,000 万元 | | --- | --- | | 每日最高贷款余额 | 100,000 万元 | | 协议有效期 | ...

证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-037 1、本公司与电气控股签署《销售框架协议》，相关关联董事庄华先生、丁宇 清先生在审议上述事项时回避表决。 上海机电股份有限公司日常关联交易公告 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： 1、上海机电股份有限公司（以下简称：本公司、公司）与上海电气控股集 团有限公司（以下简称：电气控股）签署《销售框架协议》；本公司控股子公司 上海三菱电梯有限公司（以下简称：上海三菱电梯，本公司持有 52%股权）与三 菱电机上海机电电梯有限公司（以下简称：三菱上海机电电梯，本公司持有 40% 股权）签署《采购框架协议》。 上述日常关联交易的协议及相关交易上限尚须获得本公司股东会的批准，股 东会在审议本公司与电气控股、上海三菱电梯与三菱上海机电电梯相关日常关联 交易议案时，本公司关联股东上海电气集团股份有限公司（以下简称：电气股份） 须回避表决。 2、根据《上海证券交易所股票上市规则》（以下简称：上市规则）及《上海 证 ...

上海机电股份有限公司 关于对上海电气集团财务有限责任公司的风险评估报告 根据上海证券交易所信息披露要求，结合上海电气集团财务有限责任公司 （以下简称"财务公司"） 提供的《金融许可证》、《营业执照》等有关证件资 料，上海机电股份有限公司（以下简称"公司"） 审阅了财务公司 2024 年度的 财务报告，对财务公司的经营资质、业务和风险状况进行了评估。现将有关情况 报告如下： 一、财务公司基本情况 公司名称：上海电气集团财务有限责任公司 法定代表人：冯淳林 注册资本：人民币 30 亿元 注册地址：中国（上海）自由贸易试验区富特北路 211 号 302-382 室 （二）控制活动 1、结算及资金管理 业务范围：（一）吸收成员单位存款；（二）办理成员单位贷款；（三）办 理成员单位票据贴现；（四）办理成员单位资金结算与收付；（五）提供成员单 位委托贷款、债券承销、非融资性保函、财务顾问、信用鉴证及咨询代理业务； （六）从事同业拆借；（七）办理成员单位票据承兑；（八）办理成员单位产品 买方信贷；（九）从事固定收益类有价证券投资；（十）从事套期保值类衍生产 品交易；（十一）国家金融监督管理总局批准的其他业务。 财务公司成立 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥5,270,987,270.19, a decrease of 5.89% compared to the same period last year[4]. - Total profit for the quarter was ¥371,159,309.30, reflecting an increase of 9.36% year-over-year[4]. - Net profit attributable to shareholders was ¥214,199,706.27, up by 5.71% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 14,708,751,237.99, a decrease of 6.2% compared to CNY 15,685,019,093.44 in the same period of 2024[18]. - Operating income for the first three quarters of 2025 was CNY 12,500,828,194.50, compared to CNY 13,213,574,747.63 in 2024, indicating a decline of 5.4%[18]. - The net profit for the first three quarters of 2025 is CNY 1,016,444,742.15, a decrease from CNY 1,081,160,856.94 in the same period of 2024, representing a decline of approximately 6.0%[20]. - Operating profit for the first three quarters of 2025 is CNY 1,062,356,136.26, down from CNY 1,136,822,397.94 in 2024, indicating a decrease of about 6.5%[20]. - Total comprehensive income for the first three quarters of 2025 is CNY 1,016,444,742.15, down from CNY 1,081,160,856.94 in 2024, a decrease of about 6.0%[20]. - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.69, compared to CNY 0.71 in 2024, representing a decrease of approximately 2.8%[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥34,643,602,820.96, a decrease of 1.48% from the end of the previous year[5]. - The company's total assets as of September 30, 2025, were CNY 34,643,602,820.96, slightly down from CNY 35,165,713,158.84 at the end of 2024[16]. - Total liabilities as of September 30, 2025, were CNY 17,918,972,932.86, compared to CNY 18,823,268,180.96 at the end of 2024, showing a decrease of 4.8%[15]. - The company's total equity as of September 30, 2025, was CNY 16,724,629,888.10, up from CNY 16,342,444,977.88 at the end of 2024, reflecting an increase of 2.3%[16]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥1,293,484,748.71, down by 9.28% compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2025 is CNY 1,293,484,748.71, compared to CNY 1,425,852,304.90 in 2024, reflecting a decline of approximately 9.3%[22]. - The net cash flow from investing activities for the first three quarters of 2025 is -CNY 345,442,033.96, an improvement from -CNY 899,412,731.12 in 2024[22]. - The net cash flow from financing activities for the first three quarters of 2025 is -CNY 428,112,435.71, compared to -CNY 536,770,421.03 in 2024, indicating a reduction in cash outflow[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,639[10]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 43.02% of the shares[11]. Inventory and Expenses - The company reported a decrease in inventory by 24.98%, attributed to reduced stock levels at subsidiaries[8]. - Research and development expenses for the first three quarters of 2025 were CNY 519,443,609.74, a decrease from CNY 574,271,647.08 in 2024, representing a reduction of 9.5%[18].