一、董事会会议召开情况 上海广电电气（集团）股份有限公司（以下简称"公司"）第六届董事会第 十四次会议（以下简称"本次董事会"）于 2025 年 4 月 29 日以通讯表决方式召 开。会议应出席董事 7 名，实际出席董事 7 名。公司监事、高级管理人员列席了 会议。本次董事会由董事长赵淑文女士召集并主持。会议召集、召开程序符合《中 华人民共和国公司法》等规范性法律文件及《上海广电电气（集团）股份有限公 司章程》的规定。 二、董事会会议审议情况 会议审议了如下事项，并以记名投票表决方式通过了相关议案： 1、审议通过《2025 年第一季度报告》 证券代码：601616 证券简称：广电电气 公告编号：2025-010 上海广电电气（集团）股份有限公司 第六届董事会第十四次会议决议公告 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个别及连带责任。 本议案已经公司第六届董事会审计委员会审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）上披露的 《上海广电电气 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥169,156,032.55, a decrease of 6.40% compared to ¥180,722,461.13 in the same period last year[4] - Net profit attributable to shareholders was ¥422,813.75, down 96.70% from ¥12,810,608.13 year-on-year[4] - Basic and diluted earnings per share were both ¥0.0005, reflecting a decline of 96.67% from ¥0.0150 in the same period last year[4] - Net profit for Q1 2025 was ¥1.47 million, a significant decline of 91.5% from ¥17.27 million in Q1 2024[20] - The company’s tax expenses for Q1 2025 were ¥166.10 million, a decrease of 91.3% from ¥1.91 million in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 53.26% to ¥20,709,886.72, compared to ¥13,512,621.36 in the previous year[4] - The company reported a net cash flow from operating activities of ¥20.71 million in Q1 2025, compared to ¥13.51 million in Q1 2024, an increase of 53.3%[22] - Cash flow from investing activities showed a net inflow of ¥39.98 million in Q1 2025, a recovery from a net outflow of ¥59.92 million in Q1 2024[23] - The company achieved cash and cash equivalents of ¥1.15 billion at the end of Q1 2025, up from ¥1.08 billion at the end of Q1 2024, an increase of 6.1%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,087,030,698.03, a decrease of 0.66% from ¥3,107,691,963.31 at the end of the previous year[5] - The company's current assets totaled RMB 1,780,435,627.16, compared to RMB 1,785,876,633.41 at the end of 2024, indicating a decrease of approximately 0.8%[14] - The company's total liabilities decreased to RMB 419,306,549.74 from RMB 442,416,959.07, representing a reduction of approximately 5.2%[16] - The company's inventory increased to RMB 134,431,109.14 from RMB 118,461,036.11, showing an increase of about 13.5%[14] - Accounts receivable decreased to RMB 393,593,743.78 from RMB 440,043,722.59, a decline of approximately 10.5%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,884[10] - The equity attributable to shareholders increased slightly by 0.02% to ¥2,459,344,083.53 from ¥2,458,921,269.78 at the end of the previous year[5] - The total equity attributable to shareholders rose slightly to RMB 2,459,344,083.53 from RMB 2,458,921,269.78, indicating a marginal increase[16] - The company has not reported any significant changes in shareholder structure or financing activities during the reporting period[12] Operating Costs and Expenses - Total operating costs increased to ¥172.48 million in Q1 2025, up from ¥171.06 million in Q1 2024, representing a rise of 0.8%[19] - Sales expenses decreased to ¥10.30 million in Q1 2025 from ¥12.99 million in Q1 2024, a reduction of 20.7%[19] - Research and development expenses remained relatively stable at ¥10.20 million in Q1 2025, compared to ¥10.31 million in Q1 2024, a slight decrease of 1.1%[19] Non-Recurring Items - Non-recurring gains and losses totaled ¥656,093.72, with government subsidies contributing ¥708,915.88[6][7] - The significant decline in net profit was primarily due to a decrease in sales revenue and gross margin[8] Other Information - The company reported an increase in cash management activities, with structured deposit income of ¥762,554.80 recognized as part of daily operations[8] - There are no new product launches or technological developments mentioned in the current report[12]

Group 1 - The company reported a significant increase in total revenue and profit for 2024, with total revenue reaching 1.037 billion and a year-on-year growth of 37.01%. The net profit attributable to shareholders was 74.72 million, reflecting a year-on-year increase of 411.28% [2] - The fourth quarter showed a total revenue of 301 million, a year-on-year growth of 50.87%, and a net profit of 26.77 million, which is a year-on-year increase of 1887.93% [2] Group 2 - Despite the growth in revenue and profit, the gross margin decreased from 27.82% in 2023 to 27.82% in 2024, showing a year-on-year decline of 9.26%. However, the net profit margin increased from 9.05% in 2023 to 9.05% in 2024, reflecting a year-on-year growth of 81.65% [3] - The ratio of operating expenses (selling, administrative, and financial expenses) to revenue decreased from 18.78% in 2023 to 13.97% in 2024, indicating effective cost control [3] Group 3 - The company has a high level of accounts receivable, with accounts receivable amounting to 440 million, which is 588.87% of the net profit attributable to shareholders. This represents a year-on-year increase of 26.72% [4] - The net cash flow from operating activities decreased by 2.24% year-on-year, indicating some pressure in accounts receivable management and cash flow turnover [4] Group 4 - The main business revenue primarily comes from complete sets of equipment and power electronic products, generating 743 million, which accounts for 71.67% of total revenue, with a gross margin of 24.98%. Component products generated 264 million, accounting for 25.48% of total revenue, with a gross margin of 35.26% [5] - Revenue from foreign markets reached 361 million, accounting for 34.86% of total revenue, with a gross margin of 31.67% [5] Group 5 - As of the end of 2024, the company had cash and cash equivalents of 843 million, a decrease of 27.83% from 1.168 billion in 2023. Interest-bearing debt was reduced from 30.38 million in 2023 to no record in 2024, indicating that the company has repaid all short-term borrowings [6] Group 6 - Overall, the company achieved significant revenue and profit growth in 2024, particularly in net profit attributable to shareholders and non-recurring net profit. However, the high proportion of accounts receivable and the decrease in cash flow suggest that the company needs to strengthen accounts receivable management and cash flow turnover for future stability [7]

Group 1: Company Performance - China Life reported a net profit of 106.935 billion yuan for 2024, representing a year-on-year increase of 108.9% [3] - China Life's operating revenue for 2024 reached 528.567 billion yuan, up 30.5% compared to the previous year [3] - Aluminum Corporation of China announced a net profit of 12.4 billion yuan for 2024, reflecting an 85.38% year-on-year growth [4] - Broadcom Electric's net profit surged by 411.28% in 2024, with a proposed dividend of 0.70 yuan per 10 shares [10] - China Pacific Insurance's net profit for 2024 increased by 64.9%, with a proposed dividend of 10.8 yuan per 10 shares [10] Group 2: Corporate Actions - Naxin Micro announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance competitiveness and diversify financing channels [7] - Xunji Technology is planning to acquire 100% equity of Shenzhen Jiazhihong Electronics, leading to a significant asset restructuring [5] - Nasda announced the sale of its 100% stake in Lexmark International for an estimated price between 75 million and 150 million USD, significantly lower than the historical investment of 1.385 billion USD [8] - General Shares announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [9] Group 3: Market Impact - The inclusion of Southwest Design, a subsidiary of Electric Science and Technology, on the U.S. Department of Commerce's Entity List may affect its operations, although the company claims no substantial impact on business [6] - The stock of General Shares will be suspended due to potential changes in control, which may affect investor sentiment [9]

Group 1 - China Aluminum reported a net profit of 12.4 billion yuan for 2024, an increase of 85.38% year-on-year, with a proposed cash dividend of 0.135 yuan per share [1] - Lihua Technology's net profit for 2024 decreased by 25.41% to 245 million yuan, with a proposed cash dividend of 0.7 yuan per 10 shares [1][2] - Zhongjing Food achieved a net profit of 175 million yuan in 2024, up 1.81% year-on-year, proposing a cash dividend of 8 yuan per 10 shares [3][4] - Sanwei Chemical's net profit fell by 6.92% to 263 million yuan, with a proposed cash dividend of 3 yuan per 10 shares [5] - Meino Biological's project for corn protein processing has received construction approval, with an investment of approximately 391 million yuan [6][7] Group 2 - Guangdian Electric's net profit surged by 411.28% to 74.73 million yuan, proposing a cash dividend of 0.7 yuan per 10 shares [13][14] - Xin'ao Co. reported a net profit of 4.493 billion yuan for 2024, down 36.64%, with a proposed cash dividend of 10.3 yuan per 10 shares [15] - Huaren Pharmaceutical's subsidiary received approval for a raw material drug, enhancing its product line [16] - Huanxin Technology received a project confirmation from BAIC Group for two display screen products, expected to enter mass supply [17] - Haitong Development plans to purchase four bulk carriers for a total of 59.25 million USD to expand its fleet [18] Group 3 - Guochuang High-tech won a bid for an asphalt procurement project worth 128 million yuan [22][23] - Huayi Pharmaceutical's subsidiary received overseas marketing approvals for several products [24] - Haisco's innovative drug HSK41959 has received clinical trial approval [25] - Hetai Machinery's subsidiary obtained a patent for a dust-proof chain technology [28] - Le Xin Medical's fetal heart rate monitor registration renewal application has been accepted [29] Group 4 - Feilong Co. became a designated supplier for an international client's electronic oil pump project, with expected sales of approximately 160 million yuan [29] - Yunnan Copper reported a net profit of 1.265 billion yuan for 2024, down 19.9%, with a proposed cash dividend of 2.4 yuan per 10 shares [42] - China Merchants Bank's net profit increased by 1.22% to 148.39 billion yuan, proposing a cash dividend of 20 yuan per 10 shares [43] - Shuanghui Development's net profit decreased by 1.26% to 4.989 billion yuan, with a proposed cash dividend of 7.5 yuan per 10 shares [44]

Group 1 - The company, Shanghai Broadcasting Electric (Group) Co., Ltd., has conducted an internal control audit for the financial report as of December 31, 2024, in accordance with relevant auditing standards and guidelines [1][2]. - The responsibility for establishing and effectively implementing internal controls lies with the company's board of directors, as per the internal control basic norms and application guidelines [2]. - The audit opinion states that the company maintained effective internal controls over financial reporting in all material respects as of December 31, 2024 [2]. Group 2 - The audit firm acknowledges the inherent limitations of internal controls, which may not prevent or detect misstatements, and that changes in circumstances could render controls inappropriate [2]. - The audit report emphasizes the importance of evaluating the effectiveness of internal controls, which is a critical aspect of the company's governance and risk management framework [2].

Core Viewpoint - The independent director Zhu Liting's report for the year 2024 highlights the company's adherence to legal and regulatory requirements, emphasizing the importance of independent oversight in protecting the rights of all shareholders, particularly minority shareholders [1][8]. Group 1: Independent Director's Basic Information - Zhu Liting has a background in law, having served as a partner and director at various law firms, currently managing a law firm in Beijing [1]. - The independent director maintains independence, with no direct or indirect shareholding in the company, ensuring objective and impartial professional judgment [1]. Group 2: Attendance at Meetings - Zhu Liting attended all 7 board meetings and 1 out of 3 shareholder meetings, actively participating in discussions and voting in favor of all proposals [2]. - The director reviewed all materials related to the meetings and requested additional information when necessary, ensuring thorough understanding of the company's operations [2]. Group 3: Committee Participation - Zhu Liting serves on several committees, including the Nomination Committee as the convener, and actively participates in discussions, providing reasonable suggestions for the company's development [2]. - The director has not missed any committee meetings without valid reasons and has contributed to discussions on various important matters [2]. Group 4: Independent Director Meetings - The company held dedicated meetings for independent directors to review significant operational, financial, and internal control matters, ensuring independent and objective decision-making [3]. Group 5: Communication with Audit Institutions - The independent director engaged in effective communication with internal audit personnel and accounting firms to maintain the objectivity and fairness of audit results [3]. Group 6: On-Site Work and Company Cooperation - Zhu Liting regularly visited the company to stay informed about major developments and maintained communication with management, ensuring the independent director's right to information was upheld [4]. Group 7: Key Focus Areas - The company timely disclosed financial reports and internal control evaluations, ensuring compliance with relevant regulations and accurately reflecting its operational status [5]. - The appointment of the auditing firm, Lixin Certified Public Accountants, was deemed appropriate and followed legal procedures, ensuring independent and objective auditing [5]. - The hiring of a new financial director and other senior management was conducted in accordance with legal requirements, ensuring qualified candidates were selected [6][7]. Group 8: Overall Evaluation and Recommendations - The independent director's report emphasizes the importance of maintaining effective communication with the board and management to ensure sound decision-making and protect shareholder rights [8].

Core Viewpoint - The company plans to distribute a cash dividend of 0.07 yuan per share for the fiscal year 2024, amounting to a total of approximately 59.76 million yuan, which represents 79.97% of the net profit attributable to shareholders [1][2]. Profit Distribution Plan - The net profit attributable to shareholders for 2024 is reported at 74,727,239.13 yuan, with available distributable profits of 89,574,319.70 yuan as of December 31, 2024 [1][2]. - The total share capital as of the end of the year is 853,675,319 shares, leading to a proposed cash dividend distribution of 59,757,272.33 yuan (including tax) [1][2]. - The cash dividend distribution will be based on the total share capital registered on the equity distribution record date, with adjustments made if there are changes in total share capital before this date [2]. Decision-Making Process - The company's board of directors unanimously approved the profit distribution plan during the 13th meeting of the 6th board on March 25, 2025 [3]. - The supervisory board also reviewed and approved the profit distribution plan, affirming that it complies with relevant laws and regulations and supports the company's long-term development [3].

本公司监事会及全体监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、监事会会议召开情况 上海广电电气（集团）股份有限公司（以下简称"公司"）第六届监事会第 十次会议（以下简称"本次监事会"）于 2025 年 3 月 25 日以现场表决方式召开， 会议应出席监事 3 名，实际出席监事 3 名。本次监事会由监事会主席王文军先生 召集并主持，会议召集、召开程序符合《中华人民共和国公司法》等规范性法律 文件及《上海广电电气（集团）股份有限公司章程》的规定。 广电电气: 第六届监事会第十次会议决议公告 证券代码：601616 证券简称：广电电气 公告编号：2025-004 上海广电电气（集团）股份有限公司 二、监事会会议审议情况 会议审议了如下事项，并以记名投票表决方式通过了相关议案： 交易所的各项规定，所包含的信息能从各方面真实地反映出公司 2024 年度的经 营管理和财务状况等事项； 本议案获得全体监事一致通过，同意 3 票，反对 0 票，弃权 0 票。 本议案获得全体监事一致通过，同意 3 票，反对 0 票，弃权 0 票。本项议案 尚需提交 ...

上海广电电气（集团）股份有限公司 审计报告及财务报表 二○二四年度 上海广电电气（集团）股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-6 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-100 | 审计报告 信会师报字[2025]第 ZA10266 号 上海广电电气（集团）股份有限公司全体股东： 我们审计了上海广电电气（集团）股份有限公司（以下简称广电 电气）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债 表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合 并及母公司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准 ...