北京市嘉源律师事务所 关于中国电力建设股份有限公司 2024 年年度股东大会的 法律意见书 嘉源律师事务所 JIA YUAN LAW OFFICES 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 中国电建 · 2024 年年度股东大会 嘉源 · 法律意见书 ̣ 源 律师 事务 所 A YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:中国电力建设股份有限公司 北京市嘉源律师事务所 关于中国电力建设股份有限公司 2024 年年度股东大会的 在本法律意见书中,本所律师仅对本次股东大会的召集、召开程序、出席会 议人员资格、召集人资格、会议表决程序、表决结果等所涉及的有关法律问题发 表意见,不对本次股东大会审议的议案内容以及该等议案所表述的事实或数据的 真实性及准确性发表意见。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 2 中国电建 · 2024 年年度股东大会 嘉源 · 法律意见书 业务管理办法》和《律师事务所证券法律业务执业规则 ...

证券代码：601669 证券简称：中国电建 公告编号：2025-036 中国电力建设股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 1．公司在任董事8人，出席5人，独立董事孙子宇、张国厚及董事刘易因工 作原因未能出席本次会议； 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 6 月 26 日 (二) 股东大会召开的地点：北京市海淀区玲珑巷路 1 号院 1 号楼中电建 科技创新产业园 A 座 806 会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情 况： | 1、出席会议的股东和代理人人数 | 2,940 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 9,788,113,663 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的 | | | 比例（%） | 56.8212 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会 ...

Core Viewpoint - China Power Construction Corporation (CPCC) has reported significant growth in new contracts, particularly in the new energy storage sector, indicating a strong market demand and expansion in both domestic and international markets [1][5]. Summary by Categories New Contracts Overview - In the first five months of 2025, CPCC signed 65 new energy storage projects with a total contract value of 10.75 billion RMB. The total domestic contract amount reached 377.61 billion RMB, while the international contract amount was 96.40 billion RMB, reflecting a year-on-year growth of 30.51% [1][5]. Project Details - Notable new contracts exceeding 500 million RMB include: - Yumen 200MW/800MWh independent shared energy storage project with a contract value of 1.016 billion RMB [2]. - Bazhong Kefa 410MW liquid-cooled lithium iron phosphate/titanate lithium regional centralized independent mixed energy storage project with a contract value of 810 million RMB [2]. Business Type Performance - The breakdown of new contracts by business type is as follows: - Energy Power: 2408 projects, 301.25 billion RMB, up 4.44% - Hydropower: 488 projects, 65.39 billion RMB, up 60.66% - Wind Power: 531 projects, 101.80 billion RMB, up 67.33% - Solar Power: 482 projects, 85.48 billion RMB, down 32.61% - Thermal Power: 224 projects, 14.70 billion RMB, down 62.28% - New Energy Storage: 65 projects, 10.75 billion RMB [2][4]. Regional Contract Performance - The contract amounts by region are: - Domestic: 377.61 billion RMB, down 6.67% - International: 96.40 billion RMB, up 30.51% - Total: 474.01 billion RMB, down 0.93% [5]. Major Projects - Significant projects include: - Egypt 1100MW Suez Bay Wind Power Project: 5.972 billion RMB - Nicaragua Mohelka Hydropower Station: 3.271 billion RMB - Bazhong Kefa 410MW energy storage project: 810 million RMB [6][7]. Additional Insights - The report highlights a growing interest in energy storage solutions, with 48 new policies related to energy storage released in May, indicating a supportive regulatory environment for the sector [9].

Investment Rating - The report maintains an "Overweight" rating for the construction and decoration sector, specifically recommending an increase in investment in the water conservancy and specialized engineering segments [1]. Core Insights - The construction and decoration sector experienced a decline of 2.24% during the week of June 16-20, 2025, while the Shanghai Composite Index and the Wind All A Index fell by 0.45% and 1.07%, respectively, indicating an underperformance of 1.79% and 1.17% [1]. - The National Development and Reform Commission (NDRC) is promoting over 3,200 projects to private capital, with a total investment exceeding 10.14 trillion yuan, aimed at enhancing private investment participation in major national projects [2][20]. - The second China-Central Asia Summit resulted in the signing of 12 cooperation documents, which are expected to boost infrastructure demand in Central Asia and Xinjiang, China [2][23]. Summary by Sections Industry Policy and News Commentary - The NDRC is accelerating the introduction of a long-term mechanism for private enterprises to participate in major national projects, which is expected to stimulate effective investment and benefit engineering and related material demand [2][20]. - Economic data for May shows a stable growth trend, with infrastructure investment increasing by 5.6% year-on-year, although the growth rate has slowed [3][18]. - The construction PMI showed a slight recovery, indicating an acceleration in construction activities and improved project expectations [4][13]. Market Performance Review - The construction and decoration sector's performance has been under pressure, with significant declines in real estate investment and sales, reflecting ongoing challenges in the sector [3][18]. - Retail sales of construction and decoration materials showed a positive growth of 3.0% year-on-year, indicating some resilience in consumer demand [3][18]. Recommendations - The report suggests focusing on construction companies with stable performance and low valuations, such as China Communications Construction Company, China Power Construction Company, and China Railway Group, as they are expected to benefit from policy support and infrastructure investment recovery [4][14]. - For international projects, companies like China National Materials Group and Shanghai Port Group are recommended due to their potential to benefit from ongoing infrastructure cooperation under the Belt and Road Initiative [8][14].

Group 1: Core Insights - China Power Construction Corporation reported a total new contract amount of 474 billion RMB from January to May 2025, reflecting a slight decrease of 0.93% year-on-year [1][2] - The company signed 2,408 new projects in the energy and power sector, with a total contract value of 301.25 billion RMB, which is an increase of 4.44% compared to the previous year [1] - Hydropower contracts saw a significant increase of 60.66%, totaling 65.39 billion RMB, while solar power contracts decreased by 32.61%, amounting to 85.48 billion RMB [1] Group 2: Business Type Statistics - The energy and power sector includes various segments: wind power contracts increased by 67.33% to 101.80 billion RMB, while thermal power contracts decreased by 62.28% to 14.70 billion RMB [1] - New energy storage projects accounted for 10.75 billion RMB, with no comparative data available [1] - Water resources and environmental contracts totaled 60.80 billion RMB, showing a decline of 17.06% year-on-year [1] Group 3: Regional Distribution - Domestic contracts amounted to 377.61 billion RMB, reflecting a decrease of 6.67%, while overseas contracts increased by 30.51% to 96.40 billion RMB [2] - The overall contract amount from both domestic and international sources totaled 474 billion RMB, with a slight decline of 0.93% [2] Group 4: Major Contract Highlights - Significant contracts include a 300 MW wind power project in the Middle Green Electric Thirteen Rooms, valued at 30 billion RMB, and various other wind and hydropower projects across different regions [3] - The company also secured contracts for a high-performance coal-fired power plant and several solar power projects, indicating a diverse portfolio in renewable and traditional energy sectors [3]

Core Points - The company has approved the temporary use of idle raised funds amounting to RMB 6.431 billion for supplementing working capital, with a usage period not exceeding 12 months from the board meeting date [1] - The company has returned RMB 375 million of the temporarily used funds to the designated account as of January 20, 2025, and notified the sponsor institution [2] - As of the announcement date, the company has utilized the full amount of RMB 6.431 billion for temporary working capital, leaving a remaining balance of RMB 5.896 billion yet to be returned [2]

截至本公告披露日，公司实际使用 64.31 亿元（最高额）闲置募集资金暂时 补充流动资金。本次归还后，尚未归还的用于暂时补充流动资金的募集资金余额 中国电力建设股份有限公司 关于提前归还部分暂时补充流动资金的募集资金的公告 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。 中国电力建设股份有限公司（以下简称公司）于 2024 年 7 月 24 日召开公司 第三届董事会第八十九次会议、第三届监事会第四十三次会议，同意公司使用不 超过人民币 64.31 亿元的闲置募集资金暂时补充流动资金，使用期限自第三届董 事会第八十九次会议审议通过之日起不超过 12 个月。到期前，公司应当及时、足 额将该部分资金归还至相应募集资金专用账户。使用期限内，公司可根据募投项 目进度提前归还募集资金。公司保荐机构中国国际金融股份有限公司出具了核查 意见，详见公司于 2024 年 7 月 26 日发布的《中国电力建设股份有限公司关于使 用部分闲置募集资金暂时补充流动资金的公告》（临 2024-051 号）。 公司于 2025 年 1 月 20 日提前归还用 ...

证券代码：601669 股票简称：中国电建 公告编号：临 2025-034 中国电力建设股份有限公司 2025 年 1 月至 5 月主要经营情况公告 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。 现将中国电力建设股份有限公司2025年1月至5月主要经营情况公布如下，供投 资者参阅。 一、按业务类型统计 | 业务类型 | 新签项目数量（个） | 新签合同金额 | 同比增减 | | --- | --- | --- | --- | | 能源电力 | 2408 | 3012.48 | 4.44% | | 水电 | 488 | 653.87 | 60.66% | | 其中：抽水蓄能 | 238 | 256.51 | 4.63% | | 风电 | 531 | 1018.01 | 67.33% | | 太阳能发电 | 482 | 854.81 | -32.61% | | 火电 | 224 | 146.99 | -62.28% | | 新型储能 | 65 | 107.50 | / | | 其他 | 618 | 231.30 | / | | ...

Core Insights - China Power Construction (601669) announced that from January to May 2025, the company signed 3,501 new projects with a total contract value of 474.007 billion yuan, representing a year-on-year decrease of 0.93% [1] Contract Value Breakdown - The new contract value for energy and power reached 301.248 billion yuan, showing a year-on-year increase of 4.44% [1] - The new contract value for hydropower was 65.387 billion yuan, reflecting a significant year-on-year increase of 60.66% [1] - The new contract value for wind power amounted to 101.801 billion yuan, with a year-on-year growth of 67.33% [1] - The new contract value for solar power was 85.481 billion yuan, indicating a year-on-year decline of 32.61% [1] - The new contract value for water resources and environment reached 60.796 billion yuan, down 17.06% year-on-year [1] - The new contract value for urban construction and infrastructure was 101.711 billion yuan, marking a year-on-year increase of 4.71% [1] Domestic vs. International Contracts - The domestic new contract value totaled 377.608 billion yuan, which is a year-on-year decrease of 6.67% [1] - The international new contract value was 96.399 billion yuan, showing a year-on-year increase of 30.51% [1]

Investment Rating - The industry rating is "Outperform the Market" (maintained rating) [4] Core Viewpoints - The western fixed asset investment (FAI) is experiencing high growth, with the issuance of special bonds accelerating, which will provide stronger support for infrastructure [1][21] - The GDP growth rate in the western region from 2019 to 2024 has reached a compound annual growth rate (CAGR) of 7%, with significant support from central financial policies and national strategic planning [28][32] - The issuance of special bonds in the central and western regions has significantly accelerated, with a notable increase in new special bonds in provinces like Sichuan and Shaanxi [21][32] Summary by Sections 1. High Prosperity of Western Fixed Asset Investment - The western region has maintained double-digit growth in FAI, with provinces like Inner Mongolia, Xinjiang, and Tibet showing strong performance [1] - The issuance of special bonds has increased significantly, with Sichuan's issuance up by 162% year-on-year [21] 2. Investment Opportunities in Key Regions - **Sichuan-Chongqing**: The transportation planning investment in Sichuan during the 14th Five-Year Plan is expected to increase by 16.5% compared to the previous plan, benefiting local construction companies [2][36] - **Tibet**: Active mining and robust infrastructure projects are expected to drive high regional investment demand, with significant projects like the construction of major copper mines [2][48] - **Xinjiang**: The coal chemical industry is thriving, with nearly 500 billion yuan invested in the past five years, and the region is expected to see continued infrastructure support [3][60] 3. Major Infrastructure Projects Boosting Regional Investment - The construction of the Pinglu Canal is expected to significantly enhance water transport infrastructure in Guangxi, with a total investment of approximately 727 billion yuan [3] - The Western Land-Sea New Corridor is projected to connect multiple provinces and enhance regional infrastructure growth, with completion expected by 2035 [3][60] 4. Investment Recommendations - Key stocks recommended include Sichuan Road and Bridge, China Chemical, and China Energy Engineering, all rated as "Buy" [9][47]