Group 1 - The company announced the resignation of director Qian Yiqun due to work reasons, effective from October 28, 2025 [2] - Qian Yiqun did not hold any shares in the company at the time of resignation and had no unfulfilled commitments or obligations [2] - The resignation will not affect the legal number of board members or the normal operations of the company, and the board will proceed with the election of a new director [2] Group 2 - The board expressed gratitude for Qian Yiqun's contributions during his tenure [2]

证券日报网讯10月28日晚间，上海机电（600835）发布公告称，公司董事会于2025年10月28日收到董事 钱益群先生的书面辞呈，由于工作原因，钱益群先生辞去公司第十一届董事会董事职务。 ...

Group 1 - The core point of the article is the resignation of Mr. Qian Yiqun from the board of directors of Shanghai Mechanical and Electrical Co., Ltd. due to work reasons [1] - For the year 2024, the revenue composition of Shanghai Mechanical and Electrical is as follows: elevator business accounts for 93.79%, other industries 1.96%, printing and packaging machinery 1.7%, hydraulic and pneumatic business 1.3%, and energy engineering 1.24% [1] - As of the report date, the market capitalization of Shanghai Mechanical and Electrical is 25.9 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1]

证券代码：600835(A) 900925(B) 股票简称：上海机电 机电 B 股 编号：临 2025-034 上海机电股份有限公司 关于公司董事辞职的公告 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、董事离任的基本情况 | | | | 原定任期 | | 是否继续 在上市公 | 是否存 在未履 | | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | 到期日 | 离任原因 | 司及其控 | 行完毕 | | | | | | | 股子公司 | 的公开 | | | | | | | 任职 | 承诺 | | 钱益群 | 董事 | 2025年10月 | 2027 年 4 月 | 工作原因 | 否 | 否 | | | | 28 日 | 18 日 | | | | 二、董事离任对公司的影响 二○二五年十月二十九日 上海机电股份有限公司（以下简称"公司"）董事会于 2025 年 10 月 28 日 收到董事钱益群先生的书面辞呈，由于工作原因，钱益群先生辞去公司第十 ...

Core Viewpoint - The report highlights a decline in the production of elevators, escalators, and lifts in China, indicating a challenging market environment for the industry from 2025 onwards [1] Industry Summary - In August 2025, the production of elevators, escalators, and lifts in China was 119,000 units, representing a year-on-year decrease of 2.5% [1] - From January to August 2025, the cumulative production of these devices reached 884,000 units, showing a cumulative decline of 5.7% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, a leading industry consulting firm in China [1]

Core Viewpoint - The Chinese elevator industry is experiencing a decline in production, with significant year-on-year decreases reported for early 2025 [1][2]. Industry Summary - In April 2025, the production of elevators, escalators, and lifts in China reached 119,000 units, representing a year-on-year decrease of 8.5% [1]. - From January to April 2025, the cumulative production of these units totaled 390,000, marking a cumulative decline of 6.9% [1]. Company Summary - Listed companies in the elevator sector include 康力电梯 (Kangli Elevator), 森赫股份 (Senhe Co.), 广日股份 (Guangri Co.), 上海机电 (Shanghai Mechanical), 金螳螂 (Jin Tanglang), 快意电梯 (Kuaiji Elevator), 梅轮电梯 (Meilun Elevator), and 远大智能 (Yuanda Intelligent) [1].

Market Overview - The specialized equipment sector increased by 0.7% on October 22, with DeShi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Top Performers - DeShi Co., Ltd. (301158) closed at 29.97, up 16.80% with a trading volume of 506,700 shares and a transaction value of 1.498 billion [1] - KaiTeng Precision (920553) closed at 12.39, up 11.42% with a trading volume of 121,400 shares [1] - ZhongYa Co., Ltd. (300512) closed at 11.25, up 10.29% with a trading volume of 461,800 shares [1] - Other notable gainers include BeiFang Co. (600262), SaiXiang Technology (002337), and ZhongXin CheGong (601608), all showing significant increases [1] Underperformers - MaHe Co., Ltd. (301056) closed at 12.90, down 5.77% with a trading volume of 89,600 shares [2] - LiHeXing (301013) closed at 29.22, down 3.60% with a trading volume of 349,900 shares [2] - Other notable decliners include ZhongJian Technology (002779) and HongMing Co. (301105), both experiencing declines [2] Capital Flow - The specialized equipment sector saw a net outflow of 480 million from institutional investors, while retail investors contributed a net inflow of 199 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remain active [2] Individual Stock Capital Flow - SaiXiang Technology (002337) had a net inflow of 11.34 million from institutional investors but saw significant outflows from retail investors [3] - Other stocks like XinQi Microelectronics (688630) and HuiCheng Vacuum (301392) also experienced varied capital flows, with institutional inflows and retail outflows [3] - The data suggests a trend where institutional investors are more cautious, while retail investors are more engaged in the market [3]

Core Viewpoint - Shanghai Mechanical and Electrical Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in revenue and net profit for the first half of 2025 [1][2]. Financial Performance - As of June 30, 2025, Shanghai Mechanical reported a revenue of 9.438 billion yuan, a year-on-year decrease of 6.41% [2]. - The net profit attributable to shareholders for the same period was 491 million yuan, down 6.67% year-on-year [2]. - The company has cumulatively distributed dividends of 6.754 billion yuan since its A-share listing, with 1.524 billion yuan distributed over the last three years [3]. Stock Market Activity - On October 21, 2023, the stock price increased by 2.07%, reaching 25.15 yuan per share, with a trading volume of 114 million yuan and a turnover rate of 0.57% [1]. - Year-to-date, the stock price has risen by 43.71%, although it has seen a decline of 0.87% over the last five trading days and 8.94% over the last 20 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) three times this year, with the most recent appearance on July 28 [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 6.09% to 65,300 [2]. - The average circulating shares per person remained at 0 shares, indicating no change [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest, holding 20.6421 million shares, a decrease of 1.7446 million shares from the previous period [3].

Core Viewpoint - Shanghai Mechanical and Electrical Co., Ltd. has experienced a significant decline in stock price, dropping 3.43% on October 14, with a cumulative decline of 7.85% over four consecutive days [1][2]. Group 1: Company Overview - Shanghai Mechanical and Electrical Co., Ltd. was established on February 24, 1994, and is located at 1286 Minsheng Road, Pudong New District, Shanghai [1]. - The company specializes in the manufacturing of electromechanical integrated equipment, including elevators, printing and packaging machinery, and hydraulic and pneumatic products [1]. - The revenue composition of the company is as follows: 68.97% from products, 30.83% from services, and 0.20% from rental income [1]. Group 2: Shareholder Information - Yongying Fund's advanced manufacturing mixed fund (018124) entered the top ten circulating shareholders of Shanghai Mechanical and Electrical, holding 7.5022 million shares, which is 0.73% of the circulating shares [2]. - The fund has incurred a floating loss of approximately 6.752 million yuan today and a total floating loss of 16.2048 million yuan during the four-day decline [2]. - The fund was established on May 4, 2023, with a current scale of 2.976 billion yuan and has achieved a year-to-date return of 85.56%, ranking 111 out of 8162 in its category [2].

Core Points - The company held a joint meeting of the employee representative assembly on October 10, 2025, to elect Mr. Han Huiming as the employee director of the 11th board of directors [1] - Mr. Han Huiming was previously a non-employee director and his election maintains the board composition, ensuring that the number of employee representatives does not exceed half of the total board members, in compliance with relevant laws and regulations [1][2] Summary by Sections - **Election Announcement** - The company announced the election of Mr. Han Huiming as the employee director, effective from the date of election [1] - The term of Mr. Han will last until the end of the 11th board's term [1] - **Board Composition** - The election of Mr. Han ensures that the number of employee directors and senior management does not exceed half of the total board members, adhering to legal and regulatory requirements [1] - **Mr. Han Huiming's Background** - Mr. Han was born in 1974 and holds a Master's degree in Business Administration [2] - He has held various positions in Shanghai Mitsubishi Elevator Co., Ltd., including assistant to the secretary department and general manager of the management center [2] - Currently, he serves as the employee director of Shanghai Mechanical and Electrical Co., Ltd. and is also the deputy secretary and discipline inspection secretary of the Shanghai Mitsubishi Elevator Co., Ltd. [2]