Financial Performance - Total operating revenue for Q1 2025 reached ¥16.55 billion, a 9.93% increase compared to ¥15.05 billion in the same period last year[5] - Net profit attributable to shareholders was ¥1.15 billion, reflecting a 27.39% increase from ¥905.75 million year-on-year[5] - Basic earnings per share increased to ¥0.37, up 27.59% from ¥0.29 in the previous year[6] - Operating profit for Q1 2025 was ¥1.41 billion, up 24.92% from ¥1.13 billion in Q1 2024[24] - Net profit for Q1 2025 was ¥1.23 billion, representing a 24.66% increase compared to ¥985.39 million in Q1 2024[24] - The company reported a total comprehensive income of ¥1.23 billion for Q1 2025, compared to ¥970 million in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥148.83 billion, a 4.80% increase from ¥142.01 billion at the end of the previous year[6] - Total liabilities as of March 31, 2025, were RMB 93.026 billion, up from RMB 88.913 billion at the end of 2024, representing an increase of approximately 4.5%[18] - The total assets of the company reached RMB 148.829 billion as of March 31, 2025, compared to RMB 142.009 billion at the end of 2024, marking an increase of approximately 4.93%[18] - Total liabilities rose to ¥104.39 billion as of March 31, 2025, compared to ¥98.87 billion at the end of 2024, marking a 5.15% increase[19] Cash Flow - The net cash flow from operating activities was negative at -¥3.29 billion, a significant decrease from ¥1.24 billion in the same period last year, representing a change of -365.42%[5][10] - Cash flow from operating activities showed a net outflow of ¥3.29 billion in Q1 2025, contrasting with a net inflow of ¥1.24 billion in Q1 2024[26] - Cash flow from operating activities in Q1 2025 was negative at CNY -627,983,283.40, but improved from a larger negative cash flow of CNY -1,883,839,011.08 in Q1 2024[34] - The company generated CNY 1,800,379,153.86 in cash inflows from operating activities in Q1 2025, a significant increase from CNY 786,576,511.52 in Q1 2024[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,003, with the largest shareholder holding 55.79% of the shares[11] Research and Development - Research and development expenses increased to ¥706 million in Q1 2025, up 15.23% from ¥613 million in Q1 2024[21] - The company's R&D expenses in Q1 2025 were CNY 21,363,074.88, down from CNY 30,044,940.38 in Q1 2024, indicating a 29% reduction[31] Production and Orders - In Q1 2025, the company produced 17.9094 million kilowatts of power generation equipment, including 695,000 kilowatts from hydropower units, 1,390.3 million kilowatts from steam turbine units, and 331.14 million kilowatts from wind power units[14] - The company secured new effective orders worth RMB 35.881 billion in Q1 2025, with clean and efficient energy equipment accounting for 44.56%, renewable energy equipment for 26.84%, engineering and international supply chain industry for 10.43%, modern manufacturing services for 8.44%, and emerging growth industries for 9.73%[14] Equity - The company's total equity increased to ¥44.44 billion as of March 31, 2025, up from ¥43.14 billion at the end of 2024, reflecting a 3.02% growth[19] - The company’s total equity as of March 31, 2025, was CNY 25,237,448,234.91, slightly up from CNY 25,193,964,482.17 at the end of 2024[31] Borrowings - Long-term borrowings increased by 61.11% to ¥13.62 billion, primarily due to new loans obtained from external banks[9] - The company's long-term borrowings increased to RMB 3.492 billion as of March 31, 2025, compared to RMB 2.167 billion at the end of 2024, showing a significant rise of about 61.00%[18] Inventory and Accounts Receivable - The company's inventory stood at RMB 24.562 billion as of March 31, 2025, up from RMB 21.685 billion at the end of 2024, reflecting a growth of about 13.00%[17] - The company’s accounts receivable increased to RMB 13.617 billion as of March 31, 2025, compared to RMB 12.545 billion at the end of 2024, representing a growth of about 8.53%[17]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 2,922,100,908.48 for 2024, a decrease of 17.70% compared to RMB 3,550,393,576.32 in 2023[6]. - Total operating revenue for 2024 was RMB 69,695,135,723.47, representing a year-on-year increase of 14.86% from RMB 60,676,613,395.82 in 2023[21]. - The basic earnings per share for 2024 was RMB 0.94, down 17.54% from RMB 1.14 in 2023[22]. - The total profit for the year was 3.884 billion RMB, a year-on-year decrease of 3.04%[29]. - The company reported a net profit of RMB 1,980,447,209.57 after deducting non-recurring gains and losses, down 23.11% from RMB 2,575,811,881.93 in 2023[21]. - The company plans to distribute a cash dividend of RMB 4.03 per 10 shares, totaling RMB 1,366,315,211.38, which is 46.76% of the net profit attributable to shareholders for 2024[6]. Assets and Liabilities - The company's total assets increased by 17.26% to RMB 142,009,284,851.87 at the end of 2024, up from RMB 121,108,373,341.62 in 2023[21]. - The company’s total liabilities for its major subsidiaries include RMB 503.42 million for Dongfang Electric Group Finance Co., Ltd. and RMB 283.68 million for Dongfang Turbine Co., Ltd.[76]. - Long-term receivables decreased by 89.14% to 21,879,107, compared to 201,486,860 last period[61]. - Long-term equity investments increased by 63.99% to 2,924,014, compared to 1,783,081 last period[62]. - Cash and cash equivalents at the end of the period were CNY 26,855,949,069.93, a 56.78% increase from the previous year[60]. Cash Flow - The net cash flow from operating activities for 2024 was RMB 10,059,491,408.32, a significant recovery from a negative cash flow of RMB -3,495,876,222.59 in 2023[21]. - The company recorded a net cash flow from operating activities of 4.016 billion RMB in Q4[24]. - The cash received from sales of goods and services increased by 22.10% to CNY 73,358,515,737.67 compared to the previous year[58]. Research and Development - R&D investment reached CNY 3.816 billion, accounting for 5.56% of revenue, with 507 new effective patents added during the reporting period[38]. - Research and development expenditure intensity was maintained at over 5%[29]. - The company achieved significant technological advancements, including the successful operation of the world's largest 26 MW offshore wind turbine and the development of a 500 MW impulse hydropower turbine model[30]. Market Position and Orders - The company had a backlog of orders amounting to 152.606 billion RMB, the highest level in history[29]. - New effective orders for 2024 amounted to 101.142 billion RMB, representing a year-on-year growth of 16.88%[29]. - The company’s market share in the offshore wind power sector exceeded 10%, with its subsidiary ranking 6th in new installed capacity among turbine manufacturers[29]. - The company achieved a market share of 41.6% in pumped storage and 45% in conventional hydropower, positioning itself among industry leaders[29]. Compliance and Governance - The company did not report any significant risks or non-compliance issues during the reporting period[9]. - The company has implemented a robust risk management framework, enhancing compliance and legal risk control across its operations[32]. - The company has established a comprehensive governance structure, including rules for shareholder meetings and board operations, ensuring transparency and accountability[92]. Environmental and Social Responsibility - The company has invested CNY 2,590.37 million in social responsibility projects, including CNY 2,490 million for rural revitalization in various counties[176]. - The company has implemented pollution prevention measures, focusing on energy consumption and pollutant discharge control from the source[167]. - The company has established a total of 28 green workshops and 8 provincial-level green factories, with 4 enterprises recognized as national-level green factories[173]. Strategic Initiatives - The company is focusing on digital transformation and smart manufacturing, with two factories recognized as exemplary smart factories by the Ministry of Industry and Information Technology[30]. - The company is committed to advancing its "11256" development strategy, which emphasizes the transformation of traditional industries and the rapid development of strategic emerging industries[81]. - The company plans to enhance its international market research and risk analysis, focusing on clean energy technology innovations to improve its global brand influence[89]. Human Resources - The total number of employees in the company and its main subsidiaries is 18,033, with 8,886 being technical personnel[120]. - The company is focusing on talent development through various training programs to enhance management and professional skills[122][123]. - The number of R&D personnel was 4,272, constituting 23.7% of the total workforce[57].

公司代码：600875 公司简称：东方电气 东方电气股份有限公司 2024年度内部控制评价报告 东方电气股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控 ...

1 持匠心 追求卓越品质 目 录 CONTENTS | 卷首语 | 02 | | --- | --- | | 关于我们 | 04 | | 关于本报告 | 08 | | ESG 管理 | 10 | | 责任专题 | 22 | | 聚心护生态 共建绿色家园 | 30 | | 聚力同发展 共创美好社会 | 58 | | 聚智强治理 共谋永续未来 | 88 | | 未来展望 | 104 | | 附录 | 106 | 科技创新驱动 布局绿色产业 推进绿色运营 32 40 46 聚心护生态 聚力同发展 聚智强治理 共建绿色家园 共创美好社会 共谋永续未来 | 增进员工福祉 | 60 | | --- | --- | | 优化客户服务 | 70 | | 携手伙伴共赢 | 74 | | 至情奉献社会 | 80 | E S G | 优化公司治理 | 90 | | --- | --- | | 恪守商业道德 | 96 | | 筑牢安全防线 | 101 | 应对气候变化 51 卷首语 以绿色发展为驱动，积极践行"双碳"使命。我们坚持以科技创新为核心动力，加大科研投 入，聚焦关键技术攻关，多项装备制造核心技术取得重要突破。我们积极布局绿 ...

股票代码：600875 股票简称：东方电气 公告编号：2025-028 东方电气股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 二、募集资金投资项目情况 鉴于公司本次发行实际募集资金净额低于《东方电气股份有限公司 2023 年 度向特定对象发行 A 股股票募集说明书（注册稿）》中披露的拟投入募集资金金 额。为保障募集资金投资项目（以下简称募投项目）的顺利实施，提高募集资金 的使用效率，在不改变募集资金用途的前提下，公司拟对部分募投项目拟投入募 集资金金额进行调整，其中 252,651.26 万元已用于股份公司收购集团公司持有的 少数股权，并于 2025 年 4 月 18 日支付完毕。剩余 159,005.28 万元募集资金建议 按照原计划投入额度进行同比例调整，调整后募投项目投资金额不足部分由实施 主体企业通过自筹资金解决。具体调整情况如下： 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。 东方电气股份有限公司（以下简称"公司"或"东方电气"）于 2025 年 4 月 29 日召开董事会十一届九次会议，审议通过了使用 ...

股票代码：600875 股票简称：东方电气 公告编号：2025-026 | 序 | | | 项目投资总 | 调整前募集 | 调整后募 | | --- | --- | --- | --- | --- | --- | | 号 | 项目名称 | 实施主体 | 额 | 资金拟投入 | 集资金拟 | | | | | | 金额 | 投入金额 | | | 一、收购子公司股权类项目 | | | | | | | 收购中国东方电气集团有限 | | | | | | 1 | 公司（以下简称东方电气集 团）持有的东方电气集团东 | 东方电气 | 73,541.53 | 73,541.53 | 73,541.53 | | | 方电机有限公司 8.14%股权 | | | | | | | 收购东方电气集团持有的东 | | | | | | 2 | 方电气集团东方汽轮机有限 | 东方电气 | 113,340.78 | 113,340.78 | 113,340.78 | | | 公司 8.70%股权 | | | | | | | 收购东方电气集团持有的东 | | | | | | 3 | 方电气集团东方锅炉股份有 | 东方电气 | 48,646.05 ...

东方电气股份有限公司 董事会关于独立董事独立性情况的专项报告 根据《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海证 券交易所上市公司自律监管指引第 1 号—规范运作》等要求，东方电气股份有限公司 （以下简称公司）董事会，就公司现任独立董事黄峰的独立性情况进行评估并出具如 下专项意见： 经核查独立董事黄峰的任职经历以及签署的相关自查文件，其未在公司担任除独 立董事以外的任何职务，也未在公司主要股东公司担任任何职务，与公司以及主要股 东之间不存在利害关系或其他可能妨碍其进行独立客观判断的关系，不存在其他影响 独立董事独立性的情况，符合《上市公司独立董事管理办法》《上海证券交易所上市 公司自律监管指引第 1 号—规范运作》等法律法规中对独立董事独立性的相关要求。 东方电气股份有限公司 董事会 2025 年 4 月 29 日 东方电气股份有限公司 经核查独立董事曾道荣的任职经历以及签署的相关自查文件，其未在公司担任除 独立董事以外的任何职务，也未在公司主要股东公司担任任何职务，与公司以及主要 股东之间不存在利害关系或其他可能妨碍其进行独立客观判断的关系，不存在其他影 响独立董事独立性的情况，符合《上 ...

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。 东方电气股份有限公司（以下简称"公司"或"东方电气"）于 2025 年 4 月 29 日召开董事会十一届九次会议，审议通过了调整募投项目拟投入募集资金 金额及使用募集资金置换预先投入募投项目自筹资金的议案，同意公司使用募集 资金置换预先投入募投项目的自筹资金。公司监事会及保荐人中信证券股份有限 公司（以下简称"保荐人"）对前述事项发表了明确的同意意见，立信会计师事 务所（特殊普通合伙）出具了《关于东方电气股份有限公司以募集资金置换预先 投入募投项目的自筹资金的鉴证报告》。现将有关情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意东方电气股份有限公司向特定对象发 行股票注册的批复》（证监许可〔2024〕1610 号）同意注册，公司向特定对象 发行人民币普通股（A 股）272,878,203 股，每股面值人民币 1.00 元，发行价格 为每股 15.11 元，募集资金总额为 4,123,189.647.33 元，本次发行费用仅包括保 荐承销费，募集资金总额扣除发 ...

证券代码：600875 证券简称：东方电气 公告编号：2025-025 东方电气股份有限公司 关于续聘会计师事务所的公告 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个别及连带责任。 重要内容提示: 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 名称:立信会计师事务所(特殊普通合伙) 成立日期:2011 年 1 月 24 日 组织形式:特殊普通合伙企业 注册地址:上海市黄浦区南京东路 61 号四楼 首席合伙人: 朱建弟 立信会计师事务所（特殊普通合伙）由我国会计泰斗潘序伦博士于 1927 年 在上海创建，1986 年复办，2010 年成为全国首家完成改制的特殊普通合伙制会 计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。立信是国际会计网 络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具有证券、期货业 务许可证，具有 H 股审计资格，并已向美国公众公司会计监督委员会（PCAOB） 注册登记。 2、人员信息 截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业人 拟续聘的会 ...

审计与审核委员会对会计师事务所 2024 年度 履行监督职责情况的报告 2024 年，东方电气股份有限公司（以下简称"公司"）董 事会审计与审核委员会根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司治理准则》《国有企业、上市公司 选聘会计师事务所管理办法》《上海证券交易所上市公司自律监 管指引第 1 号—规范运作》和公司《公司章程》《董事会审计与 审核委员会工作规则》等规定和要求，勤勉尽责，恪尽职守，认 真履职，充分发挥董事会审计与审核委员会的专业职能和监督作 用。现将董事会审计与审核委员会对会计师事务所 2024 年度履 职评估及履行监督职责的情况报告如下： 一、会计师事务所基本情况 （一）基本情况 立信会计师事务所（特殊普通合伙）由我国会计泰斗潘序伦 博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家 完成改制的特殊普通合伙制会计师事务所，注册地址为上海市， 首席合伙人为朱建弟先生。立信是国际会计网络 BDO 的成员所， 长期从事证券服务业务，新证券法实施前具有证券、期货业务许 - 1 - 可证，具有 H 股审计资格，并已向美国公众公司会计监督委员 会（PCAOB） ...