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3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 上海電氣集團股份有限公司 呈交日期: 2025年4月2日 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 ...

曾经业绩匍匐的上海电气（601727）(601727.SH)，终于在2024年结束后，迎来财务状况的荣枯分水 岭。 3月28日晚间，上海电气发布2024年年度报告显示，公司营收，毛利率等关键经营指标开始转增；能源 板块受益于火电，核电等景气实现高速增长；同时现金流，应收账款回收显著改善，显然，公司已经度 过"艰难期"。 另一方面，记者注意到，公司虽然因2024年度母公司未分配利润尚未归正仍不能进行分红，但其距离回 正仅一步之遥。 同日，上海电气旗下"上海机床厂"被列为投资整合上海地方工业母机集群的领衔企业。而据21世纪经济 报道记者了解，除公司于去年收购国内知名工业机器人企业上海发那科外，上海机床厂也正通过高精度 机床切入行星滚柱丝杠最难解决的核心零部件螺纹滚柱和核心轴领域。 多指标反转 年报显示，上海电气2024年实现营业总收入1161.86亿元，实现归属母公司股东的净利润7.52亿元。 与往年连续下滑对比，公司营业总收入在2024年实现2020年来的首次正增长，同时归属母公司股东的净 利润创下2021年以来的新高。 在收益质量方面，公司在能源、工业装备、集成服务三大类业务中的毛利率达到19.7%、16.7 ...

Group 1: Financial Performance - In 2024, Shanghai Electric achieved total operating revenue of 116.186 billion yuan, with a gross margin of 18.6% and a net profit attributable to shareholders of 0.752 billion yuan [1] - The operating cash flow for 2024 was 17.6 billion yuan, representing a year-on-year increase of 127%, indicating significant improvement in liquidity [1] - The company secured new orders totaling 153.6 billion yuan in 2024, with the energy equipment segment showing remarkable performance, achieving new orders of 89.096 billion yuan, a growth of 18.45% compared to 75.216 billion yuan in 2023 [1] Group 2: Corporate Strategy and Reform - Shanghai Electric is enhancing its market-oriented operational mechanisms and modern corporate governance as part of its ongoing reform efforts [2] - The company is implementing a "three-capability mechanism" to stimulate new vitality, focusing on performance-based management and a new assessment mechanism aligned with industry leaders [2] - The strategic focus includes deepening state-owned enterprise reform, optimizing the layout of state-owned economy, and promoting the integration of technological and industrial innovation [2] Group 3: Contribution to National Strategy - As a global leader in industrial and green intelligent system solutions, Shanghai Electric is committed to supporting national strategies and enhancing international competitiveness [3] - The company contributes to energy structure transformation and industrial upgrading, aligning with national goals such as carbon neutrality and strategic security [3] - Shanghai Electric's initiatives include advancing energy equipment technology, promoting smart manufacturing, and supporting urban infrastructure development [3] Group 4: Market Opportunities and Innovations - In 2024, Shanghai Electric focused on high-end, green, and intelligent development, achieving significant progress [4] - The company launched key industrial projects such as industrial gas turbines and humanoid robots, and developed the world's largest 16MW offshore wind turbine [4] - Shanghai Electric is also advancing digital carbon management platforms and has received certifications for green methanol processes, showcasing its commitment to sustainability [4]

Core Insights - Shanghai Electric reported a slight increase in total revenue for 2024, reaching 116.186 billion yuan, a year-on-year growth of 1.2%, but net profit declined by 6.3% to 0.752 billion yuan, indicating challenges in cost control and profitability [1][4] - The energy equipment segment was a significant growth driver, with new orders amounting to 89.1 billion yuan, reflecting an 18.45% increase [5][6] Revenue and Profitability - The company's total revenue for 2024 was 116.186 billion yuan, showing a minor increase of 1.2% year-on-year [4] - Net profit attributable to shareholders decreased by 6.3% to 0.752 billion yuan, highlighting issues in operational efficiency and cost management [4][7] - Gross margin improved to 18.6%, with the energy equipment segment achieving a gross margin of 19.7%, up by 2 percentage points [4][5] Energy Equipment Performance - The energy equipment segment saw new orders of 89.1 billion yuan, driven by contributions from coal-fired power equipment (32.62 billion yuan), nuclear power equipment (7.89 billion yuan), wind power equipment (17.38 billion yuan), and energy storage equipment (11.92 billion yuan) [5][6] - Shanghai Electric maintained a leading position in the coal power market, achieving the lowest coal consumption globally and winning significant projects [6] Cost Control and Challenges - Despite the strong performance in the energy equipment segment, the decline in net profit indicates ongoing challenges in cost control and profitability [6][7] - The company's non-recurring net profit was -0.616 billion yuan, suggesting substantial expenditures in non-core business areas, particularly in R&D and market expansion [6][7] Industrial Equipment and Integrated Services - The industrial equipment and integrated services segments showed modest order growth, with orders of 42.29 billion yuan and 22.21 billion yuan, respectively, indicating weaker profitability contributions [7] - Future efforts are needed to enhance the profitability of these segments for balanced overall business development [7]

4月28日至5月9日，《巴塞尔公约》第十七次缔约方大会(BC COP-17)、《鹿特丹公约》第十二次缔约 方大会 (RC COP-12)和《斯德哥尔摩公约》第十二次缔约方大会(SC COP-12)将在瑞士日内瓦举行。 本次主题为"显现无形：化学品和废物的健全管理"，旨在加强国际合作，共同应对化学品和废物管理的 挑战。 作为全球领先的工业级绿色智能系统解决方案提供商，上海电气致力于推动环保治理与经济效益双赢， 为产业绿色发展提供了一套可复制的解决方案。 战略先行，探索可持续发展新路径 推动经济社会发展绿色化、低碳化，是实现高质量发展的关键环节，亦是解决我国资源环境生态问题的 基础之策、建设人与自然和谐共生现代化的内在要求。 近年来，国家层面加大政策支持力度，为绿色转型指明方向。 同时，上海电气还加大对生产过程的绿色改造力度，致力于节能减排和资源循环利用，在多个领域助力 绿色低碳发展，以实际行动为中国绿色工业转型破题、开路。 技术为翼，开启循环经济创新实践 作为循环经济的创新实践者，上海电气不仅将可持续发展理念深植企业基因，还通过绿色技术实现废物 无害化处理，将环保融入具体实践。 上海电气集团股份有限公司中央研究 ...

Core Viewpoint - Shanghai Electric's performance in 2024 shows a slight increase in revenue but a decline in net profit, indicating potential challenges in profitability despite stable revenue growth [1][3]. Performance Disclosure Highlights - In 2024, Shanghai Electric's main revenue reached 116.186 billion yuan, an increase of 1.21% year-on-year - The net profit attributable to shareholders was 0.752 billion yuan, a decrease of 6.33% year-on-year - The net profit after deducting non-recurring gains and losses was -0.616 billion yuan, an increase of 49.66% year-on-year - In Q4 2024, the company's single-quarter main revenue was 39.591 billion yuan, up 8.69% year-on-year - The single-quarter net profit attributable to shareholders was -0.005829 million yuan, an increase of 67.48% year-on-year - The single-quarter net profit after deducting non-recurring gains and losses was -0.911 billion yuan, an increase of 27.65% year-on-year - The debt ratio stood at 74.42%, with investment income of 2.155 billion yuan and financial expenses of 0.554 billion yuan, while the gross profit margin was 18.13% [1]. Company Announcement Summary - The total assets of Shanghai Electric reached 302.505 billion yuan, a growth of 5.7% compared to the previous year - The net assets attributable to shareholders decreased by 4.6% to 53.190 billion yuan - The operating income was 115.456 billion yuan, an increase of 1.08% year-on-year - The company plans not to distribute profits or increase share capital from capital reserves for the 2024 fiscal year - In 2024, the company achieved new orders totaling 153.6 billion yuan, with 89.1 billion yuan from energy equipment, 42.29 billion yuan from industrial equipment, and 22.21 billion yuan from integrated services [1][3].

监事会五届七十三次会议决议公告 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法律责任。 上海电气集团股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在上海市四川中路 110 号公司会议室召开了公司监事会五届七 十三次会议。应参加本次会议的监事3人，实际参加会议的监事3人。 本次会议由许建国监事召集主持。会议符合《公司法》和《公司章程》 的有关规定。会议审议并通过以下决议： 证券代码：601727 证券简称：上海电气 编号：临 2025-013 上海电气集团股份有限公司 一、关于公司 2024 年度计提减值准备的议案 同意公司 2024 年度对信用减值损失计提金额人民币 236,534 万 元，转回金额人民币 130,010 万元；对资产减值准备计提损失金额人 民币 276,064 万元，转回金额人民币 56,163 万元。 表决结果：3 票同意，0 票反对，0 票弃权。 二、公司 2024 年度财务决算报告 表决结果：3 票同意，0 票反对，0 票弃权。 本报告尚须提交公司股东大会审议。 三、公司 2024 年度利润 ...

证券代码：601727 证券简称：上海电气 编号：临 2025-012 上海电气集团股份有限公司 董事会五届一百零八次会议决议公告 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。 上海电气集团股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在上海市四川中路 110 号公司会议室以现场结合通讯方式召开 了公司董事会五届一百零八次会议。应参加本次会议的董事 8 人，实 际参加会议的董事 8 人。公司监事许建国、郭浩环、袁胜洲列席会议。 本次会议由吴磊董事长主持，会议符合《公司法》和《公司章程》的 有关规定。会议审议并通过以下决议： 表决结果：8 票同意，0 票反对，0 票弃权。 本报告尚须提交公司股东大会审议。 四、公司 2024 年度利润分配预案 一、公司 2024 年度总经理工作报告 表决结果：8 票同意，0 票反对，0 票弃权。 二、关于公司 2024 年度计提减值准备的议案 同意公司 2024 年度对信用减值损失计提金额人民币 236,534 万 元，转回金额人民币 130,010 万元；对资产减值准备计 ...

上海电气集团股份有限公司 内部控制审计报告 2024年度 Ernst & Young Hua Ming LLP Level 17, Ernst & Young Tower Oriental Plaza, 1 East Chang An Avenue Dongcheng District 邮政编码: 100738 安永华明会计师事务所（特殊普通合伙） 中国北京巿东城区东长安街 1 号 东方广场安永大楼 17 层 ey.com Tel 电话·: +86 10 5815 3000 Fax 传真·: +86 10 8518 8298 内部控制审计报告 安永华明（2025）专字第70002087_B01号 上海电气集团股份有限公司 上海电气集团股份有限公司全体股东： 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内 部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，上海电气集团股份有限公司于2024年12月31日按照《企业内部控制基 本规范》和相关规定在 ...

上海电气集团股份有限公司 已审财务报表 2024年度 上海电气集团股份有限公司 目 录 | | 页 | | | | 次 | | --- | --- | --- | --- | --- | --- | | 审计报告 | | 1 | - | 1 | 0 | | 已审财务报表 | | | | | | | 合并资产负债表 | 1 | 1 | - | 1 | 3 | | 合并利润表 | 1 | 4 | - | 1 | 5 | | 合并股东权益变动表 | 1 | 6 | - | 1 | 7 | | 合并现金流量表 | 1 | 8 | - | 19 | | | 公司资产负债表 | 2 | 0 | - | 2 | 1 | | 公司利润表 | | | 2 2 | | | | 公司股东权益变动表 | | | 2 3 | | | | 公司现金流量表 | 2 | 4 | - | 2 | 5 | | 财务报表附注 | 2 | 6 | - | 188 | | | 补充资料 | | | | | | | 1.非经常性损益明细表 | | | 1 | | | | 2.净资产收益率和每股收益 | | | 2 | | | 上海电气集团股份有限公司全 ...