证券代码：600875 证券简称：东方电气 公告编号：2024-060 东方电气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。 如有董事对临时公告内容的真实性、准确性和完整性无法保证或存在异议 的，公司应当在公告中作特别提示。 重要内容提示： 《2025-2027 采购及生产服务框架协议》《2025-2027 销售及生产服务框 架协议》《2025-2027 综合配套服务框架协议》《2025-2027 财务服务框架协议》 《2025-2027 物业及设备租赁承租人框架协议》《2025-2027 物业及设备租赁出 租人框架协议》《2025-2027 融资租赁框架协议》相关议案尚需提交本公司股东 大会审议，关联股东将回避表决。 本次审议的持续关联交易均为本公司维持日常生产经营所必须，符合公 平原则及一般商业条款或不优于适用于独立第三方的条款，交易条件及定价合理、 公允，符合本公司和全体股东利益，不会对本公司的财务及经营状况产生不利影 响，也不会影响本公司的独立性，不会对关联人形成依赖。 一、日常关联交易 ...

Financial Performance - Operating revenue for Q3 2024 was CNY 14,096,935,685.58, a decrease of 3.28% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 933,278,428.22, an increase of 2.6% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 834,545,141.09, a decrease of 4.07% compared to the same period last year[2]. - The net profit for the third quarter of 2024 was approximately CNY 2.77 billion, a decrease from CNY 3.04 billion in the same period last year, representing a decline of about 9%[17]. - The company reported a total comprehensive income of CNY 2.84 billion for the third quarter, slightly down from CNY 2.93 billion year-over-year[18]. - Basic earnings per share for the third quarter were CNY 0.84, compared to CNY 0.93 in the same quarter of the previous year, reflecting a decrease of about 9.7%[18]. - The total operating profit for Q3 2024 was approximately CNY 1.15 billion, a decrease from CNY 1.18 billion in Q3 2023, reflecting a decline of about 3.1%[26]. - The net profit for Q3 2024 was CNY 1.14 billion, compared to CNY 1.18 billion in the same period last year, indicating a decrease of approximately 3.7%[26]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,978,748,185.58, with no applicable comparison[2]. - The cash flow from operating activities generated a net inflow of CNY 6.04 billion, a significant recovery compared to a net outflow of CNY 3.06 billion in the same period last year[20]. - The net cash flow from operating activities for Q3 2024 was negative at CNY -1.21 billion, an improvement from CNY -2.78 billion in Q3 2023[28]. - The company's cash and cash equivalents amounted to RMB 14.99 billion, a decrease from RMB 17.13 billion at the end of 2023[11]. - The company's cash and cash equivalents at the end of the third quarter were CNY 10.82 billion, down from CNY 14.35 billion at the end of 2023, indicating a decrease of about 24.5%[21]. - The company's cash and cash equivalents decreased to CNY 3.43 billion from CNY 3.21 billion, a decline of 6.8%[13]. - Cash inflows from operating activities totaled CNY 5.33 billion in the first nine months of 2024, up from CNY 4.93 billion in the same period of 2023, representing an increase of about 8.1%[28]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 138,723,736,913.90, an increase of 14.55% from the end of the previous year[3]. - Total assets amounted to CNY 138.72 billion, an increase of 14.5% from CNY 121.11 billion year-over-year[15]. - Total liabilities reached CNY 96.19 billion, up from CNY 79.89 billion, indicating a growth of 20.3%[14]. - The total liabilities of the company as of September 30, 2024, were CNY 17.19 billion, up from CNY 15.54 billion at the end of 2023, reflecting an increase of about 10.6%[23]. - The company's long-term equity investments rose to CNY 23.16 billion as of September 30, 2024, compared to CNY 23.00 billion at the end of 2023, reflecting a growth of about 0.7%[21]. - The total assets impairment loss was CNY 311.84 million, compared to CNY 274.79 million in the previous year, indicating an increase of about 13%[17]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached CNY 47.85 billion, an increase of 6.1% compared to CNY 44.77 billion in the same period of 2023[16]. - Operating costs for the same period were CNY 45.00 billion, up from CNY 41.39 billion, reflecting a growth of 8.0%[16]. - The company reported a net profit margin of approximately 5.8% for the first three quarters of 2024[16]. - Research and development expenses increased to CNY 1.99 billion, compared to CNY 1.71 billion in the previous year, marking a rise of 17.0%[16]. - Research and development expenses for the first three quarters of 2024 were CNY 131.04 million, compared to CNY 119.50 million in the same period of 2023, showing an increase of approximately 9.6%[25]. Shareholder Information - The largest shareholder, China Dongfang Electric Group Co., Ltd., holds 1,738,670,126 shares, representing 55.77% of the total shares[9]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 337,820,369 shares, representing 10.84% of the total shares[9]. - The company has not identified any related party relationships or concerted actions among the top ten shareholders[9]. - The company reported a total of 1.10 billion shares with unrestricted circulation held by the largest shareholder[9]. Orders and Production - The company produced a total of 40.44 million kilowatts of power generation equipment in the first three quarters of 2024, including 2.50 million kilowatts of hydropower units, 32.43 million kilowatts of steam turbines, and 5.52 million kilowatts of wind turbines[10]. - The company received new effective orders totaling RMB 81.25 billion in the first three quarters of 2024, with clean and efficient energy equipment accounting for 40.33%, renewable energy equipment for 27.05%, engineering and trade for 10.99%, modern manufacturing services for 8.54%, and emerging growth industries for 13.10%[10]. Investment Activities - The net cash flow from investment activities decreased by 257.29% due to increased outflows from financial company investments[7]. - The cash inflow from investment activities was CNY 15.86 billion, down from CNY 23.90 billion in the previous year, showing a decline of approximately 34%[20]. - The cash outflow for investment activities increased to CNY 25.39 billion from CNY 17.84 billion, representing a rise of about 42%[20]. - The cash outflow from investing activities was CNY 816.26 million in Q3 2024, compared to CNY 401.90 million in the same period last year, indicating an increase of approximately 103.5%[28]. - The company received CNY 1.48 billion in investment income during the first nine months of 2024, compared to CNY 1.01 billion in the same period of 2023, marking an increase of approximately 46.6%[28].

东方电气股份有限公司独立董事 关于董事会十一届四次会议相关事项的独立意见 根据《中华人民共和国公司法》（以下简称《公司法》）、《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》等有关法律、法规和规范性文件以 及《东方电气股份有限公司章程》（以下简称公司《章程》）的规定，我们作为东 方电气股份有限公司（以下简称公司）的独立董事，基于独立判断的立场，认真 审阅并核查了公司董事会十一届四次会议议案及相关文件，发表独立意见如下： 一、关于聘任王军为公司高级副总裁的议案 持续关联交易系基于公司日常及一般业务所需，依据公平、合理的市场价格和条 件进行；相关关联交易协议条款公平、合理，相关交易的年度金额上限合理；上 述持续关联交易不会对公司的财务和经营状况产生不利影响，也不会影响公司的 独立性，公司不会对关联人产生依赖，相关关联交易不会损害公司或中小股东的 利益。 独立董事： 黄峰、曾道荣、陈宇 2024 年 10 月 30 日 2 经审核王军先生的教育背景、职业经历和专业素养等综合情况，我们认为王 军先生具备担任公司高级管理人员的资质和能力；未发现有《公司法》规定不得 担任公司高级管理人员的情况，以及被中国证监 ...

会社律师事务所 KING&WODD 80 图 在会副中心 |座1RQ3-6官 Suite 1603-6, Tower 1, Chengdu IFS No.1 Section 3 Hong Xing Lu Sichuan Province 610021 Chenadu P. R. China +86 28 8620 3818 36 28 8620 3819 为出具本法律意见书,本所依据《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则(试行)》等有关规定,收集了相关证据 材料,查阅了按规定需要查阅的文件以及本所认为必须查阅的其他文件,包括但 不限于东方电气提供的有关政府部门的批准文件、有关记录、资料、证明。在公 司保证提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本材 1 w.kwm.com 北京金社(成都)律师事务所 关于东方电气股份有限公司 2019 年 A 股限制性股票激励计划 预留授予第三期解除限售及回购注销部分限制性股票的 法律意见书 致:东方电气股份有限公司 北京金杜(成都)律师事务所(以下简称本所)受东方电气股份有限公司(以 下简称东方电气、公司或上市公司）委 ...

证券代码：600875 股票简称：东方电气 编号：2024-057 东方电气股份有限公司 关于回购注销部分限制性股票的公告 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： 1 限制性股票回购数量：17,334 股 预留授予限制性股票回购价格：5.32 元/股 认公司<2019 年 A 股限制性股票激励计划项下激励对象涉及的关连人士名单>的议案》。 公司独立董事就本激励计划是否有利于公司的持续发展以及是否存在损害公司及全体 股东利益的情形发表独立意见。同日，公司召开九届十二次监事会，审议通过了《关 于公司<2019 年 A 股限制性股票激励计划（草案修订稿）>及其摘要的议案》。 3、2019 年 9 月 27 日至 2019 年 10 月 8 日，公司将本次拟授予的激励对象姓名和 职务通过公司内部 OA 系统进行了公示。公示期间，公司员工向公司监事会询问了激励 对象确定规则、流程等情况，监事会和有关部门进行了认真反馈。截至 2019 年 10 月 9 日，公司监事会未收到任何员工对本次拟激励对象提出的任何异 ...

证券代码：600875 证券简称：东方电气 公告编号：2024-054 东方电气股份有限公司 关于召开 2024 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个别及连带责任。 重要内容提示： 投资者可于 2024 年 10 月 23 日至 10 月 30 日 16:00 前通过公司邮箱 dsb@dongfang.com 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。 东方电气股份有限公司（简称公司）将于 2024 年 10 月 31 日披露公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三季度经 营成果、财务状况，公司计划于 2024 年 10 月 31 日上午 10:30-11:30 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络文字互动方式召开，公司将针对 2024 年第三季度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行回答。 二、 ...

Financial Performance - Total operating revenue for the first half of 2024 reached RMB 33.46 billion, an increase of 11.84% compared to RMB 29.92 billion in the same period of 2023[10] - Net profit attributable to shareholders decreased by 15.52% to RMB 1.69 billion from RMB 2.00 billion year-on-year[10] - Basic earnings per share fell to RMB 0.54, down 15.63% from RMB 0.64 in the previous year[14] - The net cash flow from operating activities improved significantly to RMB 4.06 billion, compared to a negative cash flow of RMB 2.21 billion in the same period last year[10] - The company's total assets increased by 8.64% to RMB 131.57 billion from RMB 121.11 billion at the end of 2023[11] - The net assets attributable to shareholders rose by 0.49% to RMB 37.43 billion from RMB 37.24 billion at the end of 2023[11] - The weighted average return on net assets decreased by 1.22 percentage points to 4.44% from 5.66% year-on-year[14] - Investment income decreased by 122.31%, mainly due to investment losses of RMB 181 million from Chuaneng Power[50] - The company reported a decrease of 27.27% in long-term equity investments, with a balance of RMB 1.89 billion, attributed to the disposal of a 20% stake in Sichuan Energy Investment Wind Power Development Co., Ltd.[86] Revenue Growth - In the first half of 2024, the company achieved new effective orders amounting to RMB 56.073 billion, representing a year-on-year growth of 14.77%[32] - The company reported a total installed power generation capacity of approximately 3.07 billion kilowatts as of June 30, 2024, reflecting a year-on-year increase of 14.1%[27] - The company’s new orders in the clean and efficient energy equipment sector accounted for 45.19% of total new effective orders[32] - The clean and efficient energy equipment segment saw revenue growth of 41.03% year-on-year, contributing significantly to overall revenue growth[48] - Revenue from renewable energy equipment increased by 18.59% year-on-year, driven by growth in wind turbine deliveries, while gross margin decreased by 3.65 percentage points due to intensified competition[54] - Revenue from modern manufacturing services increased by 46.06% year-on-year, primarily due to growth in power station services, although gross margin declined[54] - Revenue from engineering and trade decreased by 41.99% year-on-year, mainly due to a reduction in trade business, with gross margin down by 8.61 percentage points[56] Operational Efficiency - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[6] - Future guidance indicates a focus on improving profitability and managing costs effectively in the upcoming quarters[6] - Research and development expenses increased by 25.88% to RMB 1.348 billion, reflecting the company's commitment to innovation[49] - The company has implemented comprehensive reforms and internal pilot programs to enhance operational efficiency and innovation[40] Cash Flow and Assets - Operating cash flow net amount increased by RMB 6.277 billion, primarily due to improved collections and an increase in advance payments[51] - Other income surged by 357.85% to RMB 403 million, largely due to VAT incentives for advanced manufacturing[49] - The net cash flow from financing activities increased by 301.67% to RMB 952 million, attributed to increased borrowings[52] - Cash and cash equivalents at the end of the period were RMB 21,704,359,466.77, representing 16.50% of total assets, an increase of 26.71% compared to the end of the previous year[58] - Accounts receivable increased by 19.27% to RMB 12,778,573,769.83, driven by sales growth[61] - Inventory decreased by 7.81% to RMB 16,720,650,821.64, reflecting project execution and cost recognition[67] - Contract assets increased by 23.28% to RMB 15.31 billion as of June 30, 2024, compared to RMB 12.42 billion at the end of 2023, driven by expanded sales scale[70] - Contract liabilities rose by 10.34% to RMB 35.50 billion, up from RMB 32.17 billion, mainly due to the growth of newly effective contracts and increased advance payments[72] Shareholder and Governance - The company declared a final dividend of RMB 4.75 per 10 shares, totaling a cash distribution of RMB 1,480,812,242.08[127] - The company did not propose any interim dividend for the six months ending June 30, 2024, consistent with the previous year[128] - A total of 1,034,340 A-shares were repurchased and canceled from 76 incentive recipients during the reporting period[134] - The board of directors has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations[136] - The audit and risk committee reviewed and approved the interim results for the six months ending June 30, 2024[138] Risks and Challenges - The company faces international operational risks due to geopolitical tensions and energy market transformations, necessitating enhanced market research and international marketing strategies[99] - The company has identified business transformation risks related to emerging industries and aims to strengthen its research and development capabilities to avoid missing market opportunities[101] - Price risks from rising raw material costs and competitive pressures are being managed through strict bidding and cost control measures[103] - The company is implementing foreign exchange risk management strategies, including forward exchange contracts, to mitigate the impact of currency fluctuations on financial results[105] Employee and Incentive Plans - As of June 30, 2024, the total number of employees was 18,104, with total employee compensation amounting to RMB 1,363.91 million[130] - The company has focused on enhancing training programs for various talent categories, including technology and international management[132] - The 2019 A-share restricted stock incentive plan allowed for the release of 7,877,563 A-shares for 673 eligible recipients on January 16, 2024[140] - The total number of restricted shares granted under the 2019 A-share incentive plan is 27,988,699 shares, with a purchase price of RMB 5.93 per share[160] Corporate Developments - The company has signed multiple framework agreements with the Eastern Electric Group for procurement and production services, effective from January 1, 2022, to December 31, 2024[173] - The company is currently undergoing bankruptcy liquidation processes for two subsidiaries, with the latest court ruling concluding the bankruptcy process on June 4, 2024[171] - The company has established a long-term service agreement with Mitsubishi Heavy Industries for a guarantee amount of CNY 24.5 million[182]

证券代码：600875 股票简称：东方电气 编号：2024-053 东方电气股份有限公司 董事会十一届三次会议决议公告 特此公告。 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。 一、董事会会议召开情况 东方电气股份有限公司（以下简称公司）董事会十一届三次会议通知于 2024 年 9 月 3 日发出，会议以书面方式召开，并于 2024 年 9 月 13 日形成有效决议。 应参加本次董事会的董事 7 人，实际参加董事 7 人。本次董事会会议按照有关法 律、行政法规及公司章程的规定召开，会议及通过的决议合法有效。 二、董事会会议审议情况 本次董事会会议形成如下决议： 审议通过关于聘任公司副总裁的议案。 经董事会提名委员会提名，董事会同意聘任但军先生为公司副总裁。 但军先生简历如下： 但军先生，1968 年 1 月出生，大学学历，工商管理硕士，高级工程师。历 任东方锅炉（集团）股份有限公司核容分公司综合部部长；东方电气（广州）重 型机器有限公司（以下简称东方重机）市场营销部营销室主任、部长助理、采购 部副部长、部长、项目管理部 ...

东方电气股份有限公司独立董事 关于聘任公司副总裁的独立意见 经审核但军先生的教育背景、职业经历和专业素养等综合情况，我们认为但 军先生具备担任公司高级管理人员的资质和能力；未发现有《公司法》规定不得 担任公司高级管理人员的情况，以及被中国证监会认定为市场禁入者并且尚未解 除的情况，任职资格合法合规。其聘任程序遵循了公平、公正、公开的原则，符 合国家法律法规和《公司章程》的相关规定，不存在损害公司及其他股东利益的 情况。同意聘任但军先生为公司副总裁。 独立董事： 黄峰、曾道荣、陈宇 2024 年 9 月 13 日 根据《中华人民共和国公司法》（以下简称《公司法》）、《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》《东方电气股份有限公司章 程》（以下简称《公司章程》）等有关法律法规及规范性文件规定，我们作为东 方电气股份有限公司(以下简称公司）的独立董事，对公司提交董事会十一届三 次会议审议的《关于聘任公司副总裁的议案》，基于独立判断立场，发表如下意 见： ...

2023 年度向特定对象发行 A 股股票 募集说明书 （注册稿） 保荐机构（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二四年九月 A 股证券简称：东方电气 证券代码：600875 Dongfang Electric Corporation Limited H 股证券简称：东方电气 证券代码：1072 东方电气股份有限公司 （注册地址：成都市高新西区西芯大道 18 号） 东方电气股份有限公司 募集说明书（注册稿） 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假记 载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、准确、完整。 上海证券交易所、中国证监会对本次发行所作的任何决定或意见，均不表明 其对申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何 与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引 ...