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。 2025 年 11 月 28 日，国家电网有限公司电子商务平台 （http://ecp.sgcc.com.cn）发布了"国家电网有限公司 2025 年 第六十四批采购（特高压项目第四次设备招标采购）中标公告"。 中国西电电气股份有限公司（以下简称公司）下属 8 家子公司为 相关中标人，现将有关情况公告如下： 一、中标情况 根据上述中标公告，公司下属西安西电变压器有限责任公司、 常州西电变压器有限责任公司、西安西电开关电气有限公司、西 安西电高压开关有限责任公司、西安西电电力系统有限公司、西 安西电高压套管有限公司、西安西电电力电容器有限责任公司、 西安西电避雷器有限责任公司为项目中标人之一，中标换流变压 器、交流变压器、组合电器、电阻器、交直流断路器、隔离开关 和接地开关、换流阀、直流穿墙套管、电容器、测量装置、避雷 器等产品，总中标金额为 29.7967 亿元。公司 2024 年度营业收入 为 221.7478 亿元。 证券代码：601179 证券简称：中国西电 公告编号：20 ...

中国西电（601179）(601179.SH)发布公告，2025年11月28日，国家电网有限公司电子商务平台发布 了"国家电网有限公司2025年第六十四批采购(特高压项目第四次设备招标采购)中标公告"。公司下属8 家子公司为相关中标人，总中标金额为29.7967亿元。 ...

Core Viewpoint - China Xidian (601179) announced on November 28 that its subsidiaries won bids for the State Grid Corporation of China's 2025 sixth batch procurement, specifically for ultra-high voltage projects, with a total bid amount of 2.98 billion yuan [1] Group 1 - The State Grid Corporation of China released the bid announcement for the fourth equipment procurement of ultra-high voltage projects on November 28 [1] - Eight subsidiaries of China Xidian were identified as successful bidders for various products including converter transformers, AC transformers, and combined electrical appliances [1] - The total amount of the bids won by the company is 2.98 billion yuan [1]

Core Points - China Xidian (601179.SH) announced that eight of its subsidiaries won bids for the State Grid Corporation of China's 2025 sixth batch procurement, which includes high-voltage project equipment [2] - The total bid amount for the project is 2.97967 billion yuan, covering products such as converter transformers and AC transformers [2] - The execution of this project is expected to have a positive impact on the company's future operations, although formal contracts have not yet been signed, leading to uncertainties regarding contract terms and current performance impact [2]

Core Viewpoint - China Xidian (601179.SH) announced that it has won multiple bids in the State Grid Corporation of China's 64th procurement batch for ultra-high voltage projects, with a total bid amount of 2.97967 billion yuan [1] Group 1: Procurement Details - The State Grid Corporation's e-commerce platform published the bid announcement on November 28, 2025 [1] - Eight subsidiaries of the company were identified as successful bidders for various products including converter transformers, AC transformers, and other electrical equipment [1] - The total bid amount for the awarded contracts is 2.97967 billion yuan [1]

Group 1 - The AI industry's rapid development is significantly increasing power demand, creating important opportunities for traditional power and new energy sectors [1] - The power consumption of a single AI GPU server is several times or even tens of times that of traditional servers, with large data centers requiring power loads comparable to small to medium-sized cities [1] - The power equipment industry is currently positioned at a "dual windfall," benefiting from increased domestic grid investment and the explosion of AI computing power [1] Group 2 - TBEA Co., Ltd. is a leading supplier of UHV core equipment in China, with a strong market share and full order books, focusing on R&D and product customization to enhance its market position in high-end segments [2] - Solid-state transformers, which are advanced intelligent power conversion devices, are becoming essential for AI infrastructure due to their high energy conversion efficiency and reduced power chain losses [2] - China XD Electric Co., Ltd. is a leading power equipment enterprise in China, with capabilities to develop 800VDC solid-state transformers, and plans to track market demand closely to seize opportunities [2]

资金流向方面，主力资金净流出1320.01万元，特大单买入582.83万元，占比2.70%，卖出2315.93万元， 占比10.75%；大单买入4483.66万元，占比20.80%，卖出4070.56万元，占比18.89%。 中国西电今年以来股价涨10.07%，近5个交易日跌8.13%，近20日涨1.23%，近60日涨22.71%。 今年以来中国西电已经1次登上龙虎榜，最近一次登上龙虎榜为11月7日。 资料显示，中国西电电气股份有限公司位于陕西省西安市高新区唐兴路7号A座，成立日期2008年4月30 日，上市日期2010年1月28日，公司主营业务涉及输配电及控制设备研发、设计、制造、销售、检测、 相关设备成套、技术研究、服务与工程承包等业务。主营业务收入构成为：变压器43.67%，开关 37.56%，公司总部及贸易业务8.26%，电力工程及电子3.53%，研发及检测3.28%，电容器2.58%，绝缘 子及避雷器0.97%，二次设备0.14%。 11月26日，中国西电盘中下跌2.02%，截至09:48，报8.25元/股，成交2.16亿元，换手率0.51%，总市值 422.89亿元。 截至9月30日，中国西电股东 ...

格隆汇11月25日丨中国西电(601179.SH)在投资者互动平台表示，公司没有为纳微半导体提供关键磁性 器件，目前也没有和维谛技术开展项目合作。 （原标题：中国西电(601179.SH)：公司没有为纳微半导体提供关键磁性器件，目前也没有和维谛技术 开展项目合作。） ...

Core Points - The Shanghai Investment Products Index (000102) closed at 7120.52 points, up 0.92%, with a trading volume of 58.14 billion yuan and a turnover rate of 1.12% [1] - Among the index constituents, 33 stocks rose, led by Zhongjin Gold with a 4.15% increase, while 14 stocks fell, with Samsung Medical leading the decline at 1.88% [1] Index Constituents Summary - The top ten constituents of the Shanghai Investment Products Index include: - Yinghui Mining (6.27% weight, 28.51 yuan, 1.82% increase, market cap 757.73 billion yuan) in the non-ferrous metals sector - China Shipbuilding (5.26% weight, 34.93 yuan, 1.58% decrease, market cap 262.87 billion yuan) in the defense industry - Northern Rare Earth (5.01% weight, 45.05 yuan, 0.47% increase, market cap 162.86 billion yuan) in the non-ferrous metals sector - Jiangqi Green Energy (4.99% weight, 18.98 yuan, 1.17% increase, market cap 143.83 billion yuan) in the power equipment sector - Longzhi Aluminum Industry (4.67% weight, 15.97 yuan, 4.04% increase, market cap 341.67 billion yuan) in the non-ferrous metals sector - Sany Heavy Industry (4.48% weight, 20.44 yuan, 0.34% decrease, market cap 186.13 billion yuan) in the machinery sector - China Shenhua (3.91% weight, 41.20 yuan, no change, market cap 818.58 billion yuan) in the coal sector - TBEA (3.86% weight, 22.07 yuan, 2.56% increase, market cap 111.52 billion yuan) in the power equipment sector - Guodian NARI (3.79% weight, 22.19 yuan, 0.18% increase, market cap 178.23 billion yuan) in the power equipment sector - Huayou Cobalt (3.73% weight, 60.51 yuan, 3.97% increase, market cap 114.73 billion yuan) in the non-ferrous metals sector [1] Capital Flow Analysis - The net inflow of main funds into the index constituents totaled 1.055 billion yuan, while speculative funds saw a net outflow of 631 million yuan, and retail investors experienced a net outflow of 424 million yuan [1] - Specific stocks with significant capital flow include: - Huayou Cobalt with a net inflow of 300 million yuan, but speculative and retail outflows of 46.34 million yuan and 25.4 million yuan respectively - China Aluminum with a net inflow of 208 million yuan, but speculative and retail outflows of 70.64 million yuan and 13.7 million yuan respectively - TBEA with a net inflow of 179 million yuan, but speculative and retail outflows of 62.93 million yuan and 11.6 million yuan respectively [2]

Core Viewpoint - The recent share reduction announcement by China XD Electric (601179.SH) has caused significant market reactions, with the fifth largest shareholder, GE SMALLWORLD (SINGAPORE) PTE LTD, planning to reduce its stake by up to 154 million shares, potentially cashing out around 1.36 billion yuan [2][3]. Group 1: Shareholder Actions - GE SMALLWORLD plans to reduce its holdings, which represent 3% of China XD Electric's total shares, through centralized bidding and block trading between December 12, 2025, and March 11, 2026 [3][4]. - This is the third time GE SMALLWORLD has reduced its stake in the past year, indicating an accelerated exit strategy [5]. - The previous reductions occurred in 2024 and February 2025, with the first reducing 154 million shares for 1.22 billion yuan and the second reducing 102 million shares for 648 million yuan [5]. Group 2: Market Reactions - Following the announcement, China XD Electric's stock price dropped to 7.96 yuan, marking a weekly decline of 14.6% [3][6]. - The broader electric grid equipment sector also experienced a significant downturn, with the sector index falling 10% and many leading companies seeing stock price drops exceeding 10% [3][6]. Group 3: Industry Context - The timing of the share reduction comes after a substantial increase in stock prices, with the electric grid equipment index reaching a ten-year high earlier in November [3][7]. - Analysts suggest that the reduction signals a potential peak in valuation for both China XD Electric and the electric grid equipment sector, prompting a reassessment of the sector's valuation after a period of rapid growth [3][7]. - Despite the short-term volatility, the long-term growth prospects for the electric grid equipment industry remain strong, driven by the transition to a new power system and increased investments from state-owned enterprises [8][9].