上海电气集团股份有限公司 2025 年半年度报告 1 / 195 上海电气集团股份有限公司2025 年半年度报告 重要提示 六、前瞻性陈述的风险声明 上海电气集团股份有限公司2025 年半年度报告 公司代码：601727 公司简称：上海电气 九、是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、重大风险提示 当前，公司日常生产经营面临来自国内外市场环境的重大风险包括：1、市场风险；2、原材料价格 波动风险；3、汇率波动风险；4、海外业务风险。公司已在本报告中详细描述可能存在的相关风险，敬 请查阅第三节管理层讨论与分析中"可能面对的风险"的内容。 十一、其他 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质性承诺，请投资者 注意投资风险。 七、是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况 否 □适用 √不适用 2 / 195 一、本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚 假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全 ...

证券代码：601727 证券简称：上海电气 公告编号：临 2025-051 上海电气集团股份有限公司 关于控股子公司提供对外担保的公告 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。 重要内容提示： | | 被担保人名称 | | 上海集优（香港）投资管理有限公司 | | --- | --- | --- | --- | | | 本次担保金额 | 9,000 | 万欧元（折合约人民币 万元） 81,000 | | 担保 对象 | 实际为其提供的担保余额 | 9,125 万欧元 | | | | 是否在前期预计额度内 | □是 否 | □不适用 | | | 本次担保是否有反担保 | □是 否 | □不适用 | 2025 年 8 月 29 日，公司董事会五届一百一十四次会议审议通过 《关于上海集优（香港）投资管理有限公司申请不超过 9,000 万欧元 借款担保的议案》。 鉴于集优香港资产负债率超过 70%，本次担保事项尚须提交公司 股东会审议。 | 担保 | | | 被担保 方最近 | 截至 | | 担保额 度占上 | 担保 | 是 ...

证券代码：601727 证券简称：上海电气 编号：临 2025-052 上海电气集团股份有限公司 关于召开2025年半年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法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 上海电气集团股份有限公司（以下简称"公司"）于2025年8月 30日披露公司2025年半年度报告，为便于广大投资者更全面深入地了 解公司2025年上半年的经营成果、财务状况，公司计划于2025年9月 10日举行2025年半年度业绩说明会，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互动形式召开，公司将针对2025年上半 年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、说明会召开的时间、地点 会议召开时间：2025年9月10日（星期三）15:00至16:00 会议召开地点：上海证券交易所上证路演中心 （二）会议召开地点：上证路演中 ...

上海电气集团股份有限公司 关于 2025 年上半年对上海电气集团财务有限 责任公司的风险持续评估报告 根据《上海证券交易所上市公司自律监管指引第 5 号——交易与 关联交易》的规定，上海电气集团股份有限公司（以下简称"公司"） 结合上海电气集团财务有限责任公司（以下简称"财务公司"）提供的 《金融许可证》、《营业执照》等有关证件资料，并审阅包括资产负债 表、利润表、现金流量表等在内的财务公司的定期财务报告，对财务 公司的经营资质、业务和风险状况进行了评估。具体情况报告如下： 一、财务公司基本情况 名称：上海电气集团财务有限责任公司 法定代表人：冯淳林 注册资本：人民币 30 亿元 股东结构（截至 2025 年 6 月 30 日）： | | 股东名称 | 持股比例 | | --- | --- | --- | | 1 | 上海电气集团股份有限公司 | 74.625% | | 2 | 上海电气香港有限公司 | 8% | | 3 | 上海电气控股集团有限公司 | 5% | | 4 | 上海电气集团香港有限公司（注） | 4.75% | | 5 | 上海机电股份有限公司 | 2.625% | | 6 | 上海汽轮机厂有 ...

证券代码：601727 证券简称：上海电气 编号：临 2025-050 上海电气集团股份有限公司 关于计提减值准备的公告 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。 2025 年 8 月 29 日，上海电气集团股份有限公司（以下简称"公 司"或"本公司"）董事会五届一百一十四次会议审议通过《关于公 司 2025 年上半年计提减值准备的议案》，具体情况如下： 一、计提减值准备情况概述 为客观、公允地反映公司 2025 年上半年财务状况和经营状况， 按照《企业会计准则》的相关规定，公司对截至 2025 年 6 月 30 日的 各类资产进行了减值测试，对存在减值迹象的资产计提减值准备。公 司 2025 年上半年对信用减值损失计提金额人民币 114,540 万元，转 回金额人民币 36,514 万元；对资产减值准备计提损失金额人民币 40,059 万元，转回金额人民币 23,665 万元。综上，公司 2025 年上半 年计提减值准备对公司本期税前利润影响净额为减少人民币 94,420 万元。 二、计提减值准备相关说明 1、信用减值 ...

Group 1 - The core viewpoint of the news is that Shanghai Electric has experienced fluctuations in its stock price and trading volume, with a recent decline of 2.00% on August 29, 2023, and a total market capitalization of 136.91 billion yuan [1] - As of March 31, 2025, Shanghai Electric reported a revenue of 22.245 billion yuan, representing a year-on-year growth of 8.06%, and a net profit attributable to shareholders of 292 million yuan, showing a significant increase of 813.18% [2] - The company has a diverse revenue structure, with 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1] Group 2 - Shanghai Electric has cumulatively distributed 9.973 billion yuan in dividends since its A-share listing, but has not paid any dividends in the last three years [3] - As of March 31, 2025, the number of shareholders decreased by 6.38% to 754,900, with the average circulating shares per person remaining at 0 [2][3] - The company is categorized under the power equipment industry, specifically in the comprehensive power equipment sector, and is involved in various concept sectors including solar thermal power generation and new energy vehicles [1]

Core Viewpoint - The offshore wind operation and maintenance vessels are becoming increasingly vital in the offshore wind power industry, ensuring stable operations and playing an indispensable role in future energy layouts. The global demand for these specialized vessels is surging due to the rapid growth of offshore wind power installation capacity [1][6]. Group 1: Industry Overview - Offshore wind operation and maintenance vessels are specialized ships used for the operation and maintenance of offshore wind turbines, characterized by good motion performance in waves and the ability to safely transport personnel and equipment [2]. - The vessels are mainly categorized into two types: Service Operation Vessels (SOV) and Commissioning Service Operation Vessels (CSOV). SOVs are designed for storing, lifting, and replacing large components of offshore wind turbines, while CSOVs are more flexible and used during the construction and commissioning phases [2][3]. Group 2: Industry Development History - The development of China's offshore wind operation and maintenance vessels can be divided into three stages: early exploration, professional upgrade, and rapid development. The first offshore wind project in China was completed in 2007, marking the beginning of offshore wind maintenance [4]. - By 2021, the industry entered a rapid development phase, with the first batch of SOVs delivered in 2023, significantly enhancing operational efficiency and safety for offshore projects [5]. Group 3: Industry Chain - The industry chain consists of upstream raw materials and equipment supply, midstream production and manufacturing of the vessels, and downstream application in the offshore wind sector. The demand for operation and maintenance vessels is increasing as offshore wind farms enter the maintenance phase [5]. Group 4: Current Market Situation - The global delivery of wind operation and maintenance vessels is projected to reach 58 units in 2024, an increase of 18 units from 2023. China's share of this market has surged from 10% in 2019 to 50% in 2024, indicating rapid growth in this sector [1][6]. Group 5: Competitive Landscape - European companies like Royal IHC and Cadeler dominate the high-end market due to their technological expertise, while Chinese shipbuilders like China Merchants Heavy Industry and Zhenhua Heavy Industries lead the mid-tier market with significant orders for offshore wind operation vessels [8]. - Companies such as Jianglong Shipbuilding and Yinghui Southern Shipbuilding are notable for their advanced designs and construction capabilities in the field of offshore wind operation vessels [9][11]. Group 6: Future Trends - The demand for wind operation and maintenance vessels is expected to continue growing, driven by the push for carbon neutrality and the expansion of offshore wind projects [13]. - The vessels are evolving towards greater specialization and larger sizes to meet the operational demands of deep-sea wind projects, with a focus on safety, adaptability, and economic efficiency [14]. - Future vessels will incorporate smart technologies and automation, enhancing operational efficiency and safety while reducing labor costs and operational risks [15].

Group 1 - On August 28, Shanghai Electric executed a block trade of 4.5 million shares, with a transaction value of 36.9 million yuan, accounting for 1.01% of the total trading volume for the day [1] - The transaction price was 8.2 yuan, which represents an 8.79% discount compared to the market closing price of 8.99 yuan [1][2] - The block trade involved multiple brokerage firms, including China Merchants Securities and Guoyuan Securities [2]

Core Viewpoint - Shanghai Electric has shown significant stock performance and financial growth, with a notable increase in revenue and net profit, indicating strong operational performance and market interest [1][2]. Financial Performance - As of March 31, Shanghai Electric reported a revenue of 22.245 billion yuan, representing a year-on-year growth of 8.06% [2]. - The net profit attributable to shareholders reached 292 million yuan, marking an impressive year-on-year increase of 813.18% [2]. - Cumulative cash dividends since the A-share listing amount to 9.973 billion yuan, with no dividends distributed in the past three years [2]. Stock Market Activity - On August 28, Shanghai Electric's stock price increased by 2.07%, reaching 8.88 yuan per share, with a trading volume of 450 million yuan and a turnover rate of 0.41% [1]. - The total market capitalization of Shanghai Electric is approximately 137.996 billion yuan [1]. - Year-to-date, the stock price has risen by 9.49%, with a 4.35% increase over the last five trading days, 14.14% over the last 20 days, and 19.35% over the last 60 days [1]. Shareholder Information - As of March 31, the number of shareholders for Shanghai Electric is 754,900, a decrease of 6.38% from the previous period [2]. - The average circulating shares per person remain at 0 shares, unchanged from the previous period [2]. - The seventh largest circulating shareholder is Hong Kong Central Clearing Limited, holding 131 million shares, which is a decrease of 16.055 million shares from the previous period [2]. Business Overview - Shanghai Electric, established on March 1, 2004, and listed on December 5, 2008, operates in sectors including renewable energy and environmental equipment, efficient clean energy equipment, industrial equipment, and modern services [1]. - The company's revenue composition includes 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1]. - Shanghai Electric is categorized under the power equipment industry, specifically as a comprehensive power equipment manufacturer [1].

证券日报网讯博俊科技（300926）8月27日在互动平台表示，2025年8月19日，公司与上海电气 （601727）自动化集团签署订单合作框架协议，双方将围绕汽车零部件制造场景，开展智能机器人定制 化技术研发与落地应用。目前项目正按计划有序推进。 ...