2. 股东大会召开日期：2024 年 9 月 27 日 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024 年第一次临时股东大会 证券代码：601179 证券简称：中国西电 公告编号：2024-036 中国西电电气股份有限公司 关于 2024 年第一次临时股东大会增加临时 提案的公告 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。 3. 股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 601179 | 中国西电 | 2024/9/24 | 二、 增加临时提案的情况说明 1. 提案人：中国电气装备集团有限公司 2. 提案程序说明 中国西电电气股份有限公司（以下简称公司）已于 2024 年 9 月 5 日公告了股东大会召开通知，单独持有 51.87%股份 的股东中国电气装备集团有限公司，在 2024 年 9 月 12 日提 出临时提案并书面提交股东大会召集人。股东大会召集人按 照《上市公司股东大会规则》有关规定，现予以公告。 3 ...

证券代码：601179 证券简称：中国西电 公告编号：2024-034 赵启先生在担任公司董事长期间，恪尽职守、勤勉尽责，公 司及董事会对赵启先生在任职期间对公司发展所做出的贡献和努 力，表示衷心的感谢。 特此公告。 中国西电电气股份有限公司董事会 2024 年 9 月 14 日 中国西电电气股份有限公司 关于董事长辞职的公告 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。 中国西电电气股份有限公司（以下简称公司）董事会于近日收 到公司董事长赵启先生递交的书面辞职报告，赵启先生因工作变动， 申请辞去公司第四届董事会董事长、董事，以及战略规划及执行委 员会主席、委员，提名委员会委员职务，辞职后不再担任公司其他 任何职务。 根据《公司法》《公司章程》等有关规定，赵启先生的辞职 不会导致公司董事会人数低于法定人数，不影响公司董事会的正 常运作，赵启先生的辞职报告自送达公司董事会之日起生效。截 至本公告披露日，赵启先生未持有公司股份。公司将依据有关规 定尽快完成董事补选及新任董事长选举等相关工作。 ...

证券代码：601179 证券简称：中国西电 公告编号：2024-035 中国西电电气股份有限公司 第四届董事会第二十八次会议决议公告 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。 中国西电电气股份有限公司（以下简称公司）第四届董 事会第二十八次会议（以下简称本次会议）经全体董事和监 事同意，豁免会议通知期限。本次会议于2024年9月12日以邮 件、短信和电话方式发出会议通知，于2024年9月13日以通讯 表决方式召开。本次会议应出席董事7人，实到董事7人。本 次会议的召集、召开程序符合《公司法》等有关法律、行政 法规、其他规范性文件及《公司章程》的相关规定。 本次会议经过有效表决，形成以下决议： 审议通过了关于提名公司第四届董事会非独立董事候选 人的议案 表决结果：同意7票、反对0票、弃权0票，审议通过。 永志先生担任公司战略规划及执行委员会委员、提名委员会 委员，委任朱琦琦先生担任战略规划及执行委员会委员。以 上任期均至本届董事会届满时止。 特此公告。 中国西电电气股份有限公司董事会 2024年9月14日 该议案已经公司第 ...

证券代码：601179 证券简称：中国西电 中国西电电气股份有限公司 投资者关系活动记录表 | --- | --- | |-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

(一) 股东大会类型和届次 2024 年第一次临时股东大会 关于召开 2024 年第一次临时股东大会的通知 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。 重要内容提示： 一、 召开会议的基本情况 证券代码：601179 证券简称：中国西电 公告编号：2024-032 中国西电电气股份有限公司 至 2024 年 9 月 27 日 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投 票和网络投票相结合的方式 (四) 现场会议召开的日期、时间和地点 采用上海证券交易所网络投票系统，通过交易系统投票平 台的投票时间为股东大会召开当日的交易时间段，即 9:15- 9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票 时间为股东大会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资 者的投票程序 召开的日期时间：2024 年 9 月 27 日 9 点 30 分 召开地点：西安市唐兴路 7 号 (五) 网络投票的系统、起止日期和投票时间 ...

证券代码：601179 证券简称：中国西电 公告编号：2024-033 中国西电电气股份有限公司 产品中标公告 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、西电济南变压器股份有限公司、 成都西电中特电气有限责任公司、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、上海西电高压开关有限公司、 广州西电高压电气制造有限公司、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、无锡恒驰中兴开关有限公 司、江苏南瑞恒驰电气装备有限公司为项目中标人之一，中标变 压器、电抗器、组合电器、断路器、隔离开关、电容器、互感器、 避雷器等产品，总中标金额为 12.97 亿元。公司 2023 年度营业收 入为 208.48 亿元。 第 1 页（共 2 页） 二、对公司的影响 相关项目签约后，其合同的履行将对公司未来经营发展产生 积极的影响。项目的中标不影响公司业务的独立性。 三、风险提示 目前公司尚未与国家电网有限公司相关机构签署正式商务合 同，合同条款尚存在不确定性，上述中标项目交货时间需根据实 际合同要求确定，对公司当期业绩的影响存在不确定性，具体内 容以最终签署的合 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company reported a revenue of 10.342 billion yuan for H1 2024, representing a year-on-year increase of 7.42%. The net profit attributable to shareholders was 0.452 billion yuan, up 5.23% year-on-year. In Q2 2024, revenue reached 5.631 billion yuan, showing a year-on-year growth of 17.95% and a quarter-on-quarter increase of 19.51%. The net profit for Q2 was 0.249 billion yuan, up 3.63% year-on-year and 22.55% quarter-on-quarter, indicating that performance met expectations [2][6] - The company's product profitability continues to improve, and internal management is being optimized. The company is increasing its market expansion efforts, resulting in a significant increase in orders. The optimization of personnel structure is also underway, with an increase in the number of internal retirements, suggesting promising future growth [6][7] Financial Performance - For H1 2024, the main equipment revenue showed growth, with transformers, switches, capacitors, insulators, and lightning arresters generating revenues of 4.468 billion, 4.081 billion, 0.433 billion, respectively, with year-on-year increases of 21.64%, 25.07%, and 25.87%. The overall gross margin was 18.93%, up 2.42 percentage points year-on-year [6][7] - The company maintains a leading position in the ultra-high voltage market, with a cumulative bid amount of 1.203 billion yuan in the State Grid's four batches of bidding in August 2024, ranking first and accounting for 9.92% of the total amount [6][7] - The company has made breakthroughs in international business, winning bids for projects in Turkey, Italy, Sweden, Ireland, Jordan, Ghana, and Zimbabwe, among others [6][7] Revenue and Profit Forecast - The company is expected to achieve revenues of 22.821 billion, 25.873 billion, and 29.287 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 9.47%, 13.37%, and 13.19%. The net profit attributable to shareholders is projected to be 1.170 billion, 1.406 billion, and 1.845 billion yuan for the same years, with growth rates of 32.17%, 20.17%, and 31.22% respectively. The EPS is expected to be 0.23, 0.27, and 0.36 yuan per share, with a three-year CAGR of 27.82% [6][7]

Investment Rating - The report maintains a rating of "Accumulate" for the company, with a target price of 7.18 CNY per share [1]. Core Views - The company's H1 2024 performance met expectations, with operating revenue of 10.284 billion CNY, a year-on-year increase of 8.24%, and a net profit attributable to shareholders of 0.452 billion CNY, up 5.23% year-on-year [1]. - The company leads in the bidding share for power transmission and transformation equipment, with significant growth in major product revenues [1]. - The report highlights the ongoing investment in the power grid, which is expected to exceed 600 billion CNY in 2024, marking a year-on-year increase of over 10% [1]. - The company is actively expanding into emerging sectors such as new energy, integrated energy, and hydrogen energy, which are anticipated to become new growth points [2]. Financial Performance - For H1 2024, the company achieved total revenue of 5.631 billion CNY in Q2, representing a year-on-year increase of 17.95% and a quarter-on-quarter increase of 19.51% [1]. - The company’s net profit for Q2 2024 was 0.249 billion CNY, reflecting a year-on-year increase of 3.63% and a quarter-on-quarter increase of 22.55% [1]. - The report forecasts net profits for 2024, 2025, and 2026 to be 1.163 billion CNY, 1.464 billion CNY, and 1.904 billion CNY respectively, with corresponding EPS of 0.23, 0.29, and 0.37 CNY [2]. Market Position and Strategy - The company maintains a leading position in the high-voltage equipment market, with a strong market share in both domestic and international markets [1]. - The report notes the successful bidding for key international projects, including the Akkuyu Nuclear Power Plant in Turkey and various projects in countries along the Belt and Road Initiative [1][2]. - The company is increasing its R&D investment, with R&D expenses reaching 370 million CNY in H1 2024, a year-on-year increase of 28.66% [1].

| --- | --- | --- | --- | --- | |-------|---------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 司深 度 | | | | | | | | | | | | | | | | | | | | | | [Table_StockNameRptType] 中国西电（ 601179） 业绩符合预期，海内外需求共振 主要观点： 公司点评 正 泰电器 （6018 77） 公司 研究/公司 点评 ⚫[Table_Summary] 业绩 公司公布 2024H1 业绩，实现营收 102.84 亿元，YoY+8.24%；实现归母 净利润 4.52 亿元，YoY+5.23%；实现扣非归母净利润 4.71 亿元， YoY+22.87%。其中 2024Q2 实现营收 56.02 亿元，YoY+19.03%；实现归 母净 ...

Investment Rating - The report maintains an "Accumulate" rating for China Xidian (601179) [1][6][8] Core Views - China Xidian's revenue for H1 2024 reached 10.3 billion yuan, a year-on-year increase of 7%, with net profit attributable to shareholders at 450 million yuan, up 5% year-on-year [3][4] - The company is expected to benefit from the high demand for ultra-high voltage (UHV) construction, with the domestic UHV sector entering a new approval peak due to the construction and operation of large wind and solar bases [5][6] - The company has strong technical capabilities in UHV technology and a solid customer base, positioning it well for future growth [5][6] Financial Performance Summary - In H1 2024, the switchgear business generated revenue of 4.08 billion yuan, up 25% year-on-year, while the transformer business achieved revenue of 4.47 billion yuan, a 22% increase year-on-year [4] - The sales gross margin for H1 2024 was 18.9%, an increase of 2.4 percentage points year-on-year, and the net profit margin was 5.5%, up 0.3 percentage points year-on-year [3][4] - For Q2 2024, revenue was 5.63 billion yuan, a quarter-on-quarter increase of 20% and an 18% year-on-year increase [3][4] Earnings Forecast - The company is projected to achieve revenues of 23.2 billion yuan, 26.6 billion yuan, and 29.8 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 10%, 14%, and 12% [6][8] - Net profit attributable to shareholders is expected to be 1.28 billion yuan, 1.82 billion yuan, and 2.31 billion yuan for the same years, with growth rates of 44%, 43%, and 27% [6][8] - The report anticipates an EPS of 0.25 yuan, 0.36 yuan, and 0.45 yuan for 2024, 2025, and 2026, respectively [6][8]