Group 1: Carbon Neutrality Expo Highlights - The 2025 Shanghai International Carbon Neutral Technology, Products and Achievements Expo showcased advancements in controllable nuclear fusion, superconducting cables, and AI applications by major state-owned enterprises [1] - Companies like State Grid, China Electrical Equipment Group, and Shanghai Electric presented their technological achievements to support the "dual carbon" goals [1] Group 2: Developments in Controllable Nuclear Fusion - Controllable nuclear fusion, known as "artificial sun," is viewed as an ideal future energy source due to its abundant fuel resources and environmental friendliness [2] - Shanghai Electric has been involved in fusion projects since around 2000 and has become a leading supplier of core equipment for fusion systems in China [2] - The company has participated in significant projects such as the BEST project, ITER, EAST, CRAFT, HH70, and EXL-50, establishing advanced manufacturing capabilities in special materials and precision welding [2] Group 3: Superconducting Cable Innovations - The State Grid showcased the world's first large-scale superconducting cable project in an urban area, which operates at a capacity of 133.6 MVA, setting a record for commercial superconducting transmission [3] - This superconducting cable can replace 4 to 6 traditional cables, saving 70% of underground space and reducing energy loss by approximately 760,000 kWh, equivalent to 304 tons of standard coal and 761 tons of CO2 emissions [3] - The project aims to maximize land resource utilization in urban centers and promote the application of superconducting technology [3] Group 4: Advancements in Superconducting Reactors - The innovative superconducting reactor design eliminates traditional noise sources, achieving noise levels below 50 decibels, thus meeting urban environmental standards [4] - The reactor's low magnetic leakage minimizes interference with surrounding communication devices and can be seamlessly integrated into existing power station systems [4] Group 5: AI and Green Energy Initiatives - China Energy Construction Group is integrating AI with energy production, transmission, storage, and consumption to enhance efficiency through optimized energy planning and scheduling [5] - The company has developed a carbon management platform that monitors energy and carbon flows, providing customized carbon management services [5] - Sheneng Group is advancing renewable energy projects, including offshore wind power and flexible coal power generation, while also engaging in green electricity trading [6]

Core Viewpoint - Shanghai Electric Group Co., Ltd. plans to repurchase its A-shares through centralized bidding to reduce its registered capital, with a repurchase amount between RMB 150 million and RMB 300 million [1][3][4]. Summary by Sections Repurchase Plan Overview - The repurchase will utilize the company's own funds and a special loan for stock repurchase [1][5]. - The maximum repurchase price is set at RMB 12.29 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][5]. - The repurchase period is three months from the approval date by the shareholders' meeting [1][3]. Financial Details - The estimated repurchase amount ranges from RMB 150 million to RMB 300 million [3][4]. - The repurchase is expected to involve 12.21 million to 24.41 million shares, representing 0.08% to 0.16% of the total share capital [4][6]. Purpose and Impact - The primary purpose of the repurchase is to reduce registered capital and maintain company value and shareholder rights [4][6]. - The company anticipates that the repurchase will not significantly impact its operations, finances, or future development [7][9]. Governance and Compliance - The board of directors approved the repurchase plan with unanimous consent [2][3]. - There are no plans for share reduction by directors, supervisors, or major shareholders in the next six months [1][8]. Loan Arrangement - Shanghai Pudong Development Bank has committed to providing a special loan of up to RMB 270 million to support the repurchase [5][6]. Share Structure Post-Repurchase - Following the repurchase, the company expects minimal changes in its shareholding structure, with the controlling shareholder remaining unchanged [7][9].

证券代码：601727 证券简称：上海电气 公告编号：临2025-035 上海电气集团股份有限公司 上海电气集团股份有限公司（以下简称"公司"）拟以集中竞价交易方式回 购公司 A 股股份，用于减少公司注册资本。 回购股份金额：不低于人民币 1.5 亿元（含）且不超过人民币 3 亿元（含） 回购股份价格：回购价格不高于公司董事会审议通过回购决议前 30 个交 易日公司股票交易均价的 150%，即不超过人民币 12.29 元/股（含） 回购股份方式：集中竞价交易方式 回购股份期限：公司股东大会、A 股类别股东会议及 H 股类别股东会议审 议通过本次回购方案之日起三个月内 相关股东是否存在减持计划：经问询，公司董监高、控股股东未来 6 个月 内均没有减持股份的计划。若相关主体未来有增减持计划，将严格按照有关法律、 法规及公司股票上市地证券监督管理机构的相关规则及时履行信息披露义务。 关于以集中竞价方式回购股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： 相关风险提示： （1）本次回购期限内，存在公 ...

Core Insights - The efficient energy-saving motor has become a core equipment for promoting industrial green upgrades, playing a strategic role in achieving carbon neutrality goals [1][15] - The market size of China's efficient energy-saving motor is projected to grow from 17.638 billion yuan in 2018 to 23.963 billion yuan in 2024, with a compound annual growth rate (CAGR) of 5.24% [1][15] - The demand for efficient energy-saving motors is expected to increase further due to the rapid development of emerging fields such as new energy vehicles and smart grids [1][15] Industry Overview - Efficient energy-saving motors are designed to improve energy conversion efficiency, reduce energy consumption, and minimize energy waste, achieving efficiency levels of GB18613 grade II and above [3] - The market for efficient energy-saving motors in China is experiencing growth due to the implementation of national energy-saving and emission reduction policies and the transformation of the manufacturing industry [1][15] - The production of efficient energy-saving motors in China is expected to increase from 9.6 million kilowatts in 2019 to 19.3 million kilowatts in 2024, with a CAGR of 14.99% [13] Market Dynamics - The efficient energy-saving motor industry chain includes upstream raw material suppliers (silicon steel, copper, aluminum, rare earth permanent materials), midstream manufacturing, and downstream application fields such as industrial, household appliances, and renewable energy [6][10] - The industrial sector is a significant downstream application market for efficient energy-saving motors, with demand closely linked to industrial production scale [10] Key Companies - Major players in the efficient energy-saving motor industry include Shanghai Electric, Wolong Electric, and Xiangdian Co., with each company holding a competitive edge in various segments [18][19] - Shanghai Electric focuses on a wide range of motor products and has a strong presence in large projects, while Wolong Electric has a diversified business model that includes industrial internet solutions [20][23] - Companies like Dayang Electric and Dechang Electric are innovating in the new energy vehicle motor sector and micro-motor manufacturing, respectively [19][23] Future Trends - The industry is expected to see technological upgrades that enhance energy efficiency, including new electromagnetic designs and smart control systems [25] - The application of efficient energy-saving motors is expanding into emerging markets, necessitating customized solutions and flexible manufacturing [26] - The focus is shifting from single equipment manufacturing to integrated system solutions, with companies evolving into energy efficiency partners [27]

Transaction Overview - Shanghai Electric Group Co., Ltd. announced the termination of the investment in the comprehensive treatment project by its subsidiary, Ningbo Haifeng Environmental Co., Ltd., and the public transfer of the land use rights and construction projects [1] - The board approved the public transfer of the assets located in Yuyao City, including land use rights and related construction projects [1] Transaction Progress - On May 12, 2025, Ningbo Haifeng publicly listed the assets for the third time at a reduced price of RMB 73.4346 million, which is a 10% decrease from the previous listing [2] - On May 16, 2025, the buyer of the assets was confirmed as Ningbo Hauster Metal Materials Co., Ltd., and a property transaction contract was signed at the same price of RMB 73.4346 million [2] Buyer Information - Ningbo Hauster Metal Materials Co., Ltd. was established on February 11, 2018, with a registered capital of RMB 80 million [2] - The company specializes in metal materials manufacturing, automotive parts R&D, and various metal product sales [2] - Financial data for Ningbo Hauster shows total assets of RMB 245.9816 million and net assets of RMB 72.3932 million as of the latest reporting period [3]

上海电气集团股份有限公司 关于子公司挂牌转让项目资产的进展公告 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。 一、交易概述 2024 年 11 月 25 日，上海电气集团股份有限公司（以下简称"公 司"）董事会五届一百零三次会议审议通过《关于宁波海锋环保有限 公司综合处理项目投资终止并公开挂牌转让综合处理项目土地使用 权及在建工程的议案》；2025 年 3 月 13 日，公司董事会五届一百零 七次会议审议通过《关于宁波海锋环保有限公司综合处理项目土地使 用权及在建工程降价再挂牌转让的议案》。前述会议同意公司全资子 公司上海电气投资有限公司下属全资子公司宁波海锋环保有限公司 （以下简称"宁波海锋"）通过上海联合产权交易所（以下简称"联 交所"）公开挂牌转让所属位于余姚市小曹娥镇滨海新城兴业路北侧、 曹一北路西侧的一宗国有土地使用权及相关在建工程（以下简称"标 的资产"）。关于上述转让事项的具体情况，详见公司于 2024 年 11 月 27 日、2025 年 1 月 17 日、2025 年 3 月 14 日和 2025 年 3 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年5月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02727 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | ...

Core Viewpoint - Shanghai Electric Group Co., Ltd. held its 2024 annual general meeting and the first A-share and H-share meetings of 2025 on May 30, 2025, where various resolutions were passed, including a share repurchase plan [1][2][18]. Meeting Details - The annual general meeting took place at the Shanghai Electric Training Base in Shanghai at 14:00 on May 30, 2025 [2]. - The A-share and H-share meetings followed immediately after the annual meeting [2]. Attendance and Voting - The meetings combined on-site and online voting for the annual and A-share meetings, while the H-share meeting used only on-site voting [3]. - The chairman was unable to attend, and Director Zhu Zhaokai presided over the meetings [3]. - Out of 9 directors, 4 attended, and 2 out of 3 supervisors were present [4]. Resolutions Passed - All resolutions presented at the meetings were approved without any rejections [5][14]. - The resolutions included the approval of the 2024 annual report, financial statements, and the reappointment of Ernst & Young as the auditing firm for 2025 [8][9]. Share Repurchase Plan - The company approved a plan to repurchase A-shares through centralized bidding, with a total repurchase amount expected to be between RMB 1.5 billion and RMB 3 billion [18]. - The maximum repurchase price is set at RMB 12.29 per share, which is 150% of the average trading price over the previous 30 trading days [18]. - The estimated number of shares to be repurchased and canceled is approximately 12.21 million to 24.41 million, representing about 0.08% to 0.16% of the total share capital [19]. Legal Compliance - The meetings were witnessed by lawyers from Guohao Law Firm, confirming that the procedures followed were in compliance with relevant laws and regulations [15].

Core Viewpoint - Shanghai Electric Group Co., Ltd. has announced a plan to repurchase A-shares, with a total repurchase amount expected to be between RMB 150 million and RMB 300 million, aimed at reducing the company's registered capital [1][2]. Group 1: Repurchase Plan - The repurchase will be conducted through centralized bidding, with a maximum repurchase price set at RMB 12.29 per share, which is 150% of the average trading price over the 30 trading days prior to the board's decision [2]. - The estimated number of shares to be repurchased and canceled will depend on the actual repurchase situation and the corresponding reduction amount in registered capital [2]. Group 2: Creditor Notification - Creditors have the right to request debt repayment or corresponding guarantees within 30 days of receiving the notice, or within 45 days from the announcement date if they have not received a notice [2]. - If creditors do not exercise their rights within the specified period, the repurchase and cancellation will proceed according to legal procedures [2]. Group 3: Documentation for Creditors - Creditors must provide original and photocopied documents proving the existence of the debt relationship when declaring their claims [3]. - For corporate creditors, additional documents such as the business license and identification of the legal representative are required [3]. - Individual creditors must also present valid identification and, if applicable, an authorization letter for representation [3].

Core Viewpoint - The legal opinion letter from Guohao Law Firm confirms the legality of the procedures, qualifications of attendees, and voting results for the upcoming shareholder meetings of Shanghai Electric Group Co., Ltd. [1][4][6] Group 1: Meeting Procedures - The board of directors announced the shareholder meetings on April 29, 2025, through various media, complying with legal requirements [2][3] - The meetings are scheduled for May 30, 2025, at the Shanghai Electric Training Base, and the notice details the time, location, and agenda [3][4] Group 2: Attendee Qualifications - A total of 10,069 shareholders and proxies attended the general meeting, representing 8,651,619,877 shares, approximately 55.53% of the total voting shares [4][5] - The A-share meeting had 10,068 attendees representing 7,831,382,814 shares, about 61.88% of the A-share voting total, while the H-share meeting had 1 attendee representing 819,917,062 shares, around 28.04% of the H-share voting total [5][6] Group 3: Voting Procedures and Results - The general meeting utilized a combination of on-site and online voting, with all proposed resolutions passing according to the voting results [6] - The A-share and H-share meetings also followed similar voting methods, with all resolutions approved, confirming compliance with the company's articles of association and relevant laws [6][4] Group 4: Conclusion - The legal opinion concludes that the meeting procedures, attendee qualifications, and voting results are all valid and comply with applicable laws and regulations [6][4]