证券代码：601877 证券简称：正泰电器 公告编号：临 2025-040 浙江正泰电器股份有限公司 关于召开2025年第二次临时股东会的通知 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： 一、 召开会议的基本情况 （一）股东会类型和届次 2025年第二次临时股东会 召开的日期时间：2025 年 7 月 10 日 14 点 00 分 召开地点：上海市松江区思贤路 3655 号正泰启迪智电港 A3 栋一楼会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 7 月 10 日 至2025 年 7 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召开当 日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为 股东会召开当日的 9:15-15:00。 （六）融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、 ...

会议以 9 票同意，0 票反对，0 票弃权，审议通过了《关于 2025 年度对外捐赠额度预计 的议案》，同意公司及公司并表范围内子公司预计 2025 年度对外捐赠额度合计不超过人民 币 3,300 万元，捐赠于各类社会公益、慈善事业等。 本议案需提交公司 2025 年第二次临时股东会审议。 证券代码：601877 证券简称：正泰电器 公告编号：临 2025-037 浙江正泰电器股份有限公司 第十届董事会第三次会议决议公告 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。 浙江正泰电器股份有限公司（以下简称"公司"）第十届董事会第三次会议于 2025 年 6 月 19 日以通讯方式召开。应参加本次会议表决的董事 9 名，收到有效表决票 9 张，符合 《中华人民共和国公司法》及《浙江正泰电器股份有限公司章程》的规定，本次会议合法有 效。经表决通过了以下议案： 一、审议通过《关于 2025 年度对外捐赠额度预计的议案》 具体内容详见公司同日发布于上海证券交易所网站（www.sse.com.cn）的《关于向浙江 正泰公益基金会捐赠暨关联 ...

正泰电器（601877）公告，公司及并表范围内子公司预计2025年度对外捐赠额度合计不超过人民币3300 万元，捐赠于各类社会公益、慈善事业等。该议案已通过董事会审议，尚需提交股东会审议。捐赠资金 来源为自有资金，不涉及关联交易，不会对公司经营业绩产生重大影响。 ...

Core Viewpoint - The conference highlighted the strategic transformation of Zhejiang Chint Digital Energy Co., Ltd. (Chint Energy) towards becoming a global leader in comprehensive energy services, emphasizing the importance of clean energy in achieving carbon neutrality goals [1][2]. Group 1: Company Strategy and Vision - Chint Energy aims to transition from a leader in distributed photovoltaic (PV) systems to a global comprehensive energy service leader, focusing on safer, cheaper, friendlier, and greener energy development [2]. - The company plans to innovate across the entire lifecycle of energy solutions, including investment, development, construction, operation, and electricity sales, utilizing microgrids and virtual power plants as foundational platforms [2]. Group 2: Industry Context and Market Position - In the first quarter of this year, China's installed capacity of wind and solar power surpassed that of thermal power for the first time, marking a significant shift in the energy landscape [1]. - Chint Group has established a competitive advantage across the entire industry chain, having built over 1.8 million power stations in the past decade, providing 54 billion kWh of green electricity annually and reducing carbon emissions by 43.2 million tons [1]. Group 3: Collaborative Initiatives - Chint Energy, in collaboration with partners, established a comprehensive energy service alliance aimed at creating a cross-industry collaborative platform, exploring emerging businesses such as smart microgrids and virtual power plants [3].

Core Viewpoint - The conference highlighted the importance of renewable energy, particularly solar power, in optimizing the global energy landscape, emphasizing safety, environmental benefits, cost-effectiveness, and convenience [1][3]. Group 1: Company Strategy and Vision - The company aims to align with the "dual carbon" goals, leveraging its strengths to innovate in technology and business models, and to create a collaborative ecosystem for comprehensive energy services [3]. - The vision is to become a global leader in comprehensive energy services, focusing on green and low-carbon energy solutions, supported by innovative models such as virtual power plants (VPP) and energy as a service (EaaS) [3][4]. Group 2: Achievements and Impact - Over the past ten years, the company has built more than 1.8 million power stations, providing 54 billion kWh of green electricity annually and reducing carbon emissions by 43.2 million tons [3]. - The company has generated nearly 5 billion yuan in revenue and created employment for over 200,000 people in rural areas [3]. Group 3: Future Initiatives - The company plans to continue its focus on rural household solar markets while also expanding into urban family energy solutions and providing off-grid systems for households in regions like Africa [4]. - The establishment of a comprehensive energy service alliance aims to create a collaborative platform across various sectors, exploring new business areas such as smart microgrids and virtual power plants [4].

Core Insights - The 2025 SNEC Photovoltaic Exhibition highlights the shift towards refined and high-quality development in the photovoltaic industry, driven by changes in supply and demand, policy, and technology [1] Group 1: Trends in the Industry - The integration of solar and energy storage has become a mainstream trend, with companies showcasing products that combine these technologies, such as the all-in-one solutions presented by companies like Chint and Dongfang Risheng [3] - The rise of renewable energy sources like solar and wind has led to challenges in maintaining the stability of power systems, necessitating the restructuring of electricity systems [4] - The Chinese government has initiated pilot projects focusing on new power system construction, emphasizing technologies closely related to energy storage applications [4] Group 2: Transformation of Energy Operators - Energy operators are transitioning from traditional fixed-price models to becoming comprehensive energy service providers, driven by market reforms [7] - This transformation includes offering value-added services and actively participating in electricity trading and auxiliary services, such as virtual power plants and smart microgrids [8][9] Group 3: ESG Integration - ESG (Environmental, Social, and Governance) principles are increasingly central to discussions at the SNEC, with a focus on integrating sustainability into core business operations [10] - Regulatory pressures are rising for companies to disclose ESG information, impacting financing costs and investment decisions [10][11] - Companies like Chint are actively implementing ESG strategies, showcasing their commitment to sustainable development through various projects [11] Group 4: New Paradigm in the Industry - The trends of solar-storage integration, the transformation of operators into service providers, and the emphasis on ESG are interlinked, forming a new paradigm for the future of the renewable energy industry [12] - The industry is moving away from rapid expansion towards a phase driven by technological innovation, user value, and sustainable development principles [12]

Core Viewpoint - The company is facing challenges with slowing revenue growth in the context of a decelerating domestic photovoltaic (PV) installation rate, with projected revenue growth dropping from 24.53% in 2023 to 12.7% in 2024, and a significant reduction in the growth rate of its PV business [1][2] Revenue Growth Weakness - In 2024, the company reported revenue of 645.19 billion yuan, a year-on-year increase of 12.7%, with net profit attributable to shareholders at 38.74 billion yuan, up 5.1% [2] - The revenue growth rate has shown signs of slowing down compared to previous years, with growth rates of 17.38%, 17.78%, and 24.53% from 2021 to 2023 [2] - In Q1 of this year, the company experienced an 8.53% decline in revenue, totaling 145.59 billion yuan [2] - The company operates with a dual business model of low-voltage electrical equipment and PV, with the latter contributing 66.63% of total revenue in 2024, surpassing low-voltage electrical equipment for the first time [2][3] Declining Core Business Growth - The slowdown in revenue growth from the two core businesses has resulted in overall revenue growth lagging behind previous years, with low-voltage electrical equipment and PV business growth rates of 3.89% and 17.44% respectively in 2024 [3] - The PV business's growth rate has been halved, potentially linked to downstream installation demand [3] - The company’s PV business, particularly from PV power station engineering contracts, generated revenue of 308.38 billion yuan but with a low gross margin of 12.03% [3] Inventory and Impairment Risks - The company has seen a significant increase in inventory, with book value rising by 180.8%, 61.27%, and 68.81% from 2021 to 2023, reaching 445.61 billion yuan in 2024 [4] - The high inventory levels pose a risk of impairment due to potential product price declines, with asset impairment losses increasing annually [4] - As of Q1, the company’s total assets reached 1,449.58 billion yuan, with total liabilities at 930.76 billion yuan, indicating a rising debt burden [5] Debt Pressure and Asset Sale Strategy - The company is under significant debt pressure, with a total debt exceeding 930 billion yuan and a short-term debt coverage gap of over 100 billion yuan [5][6] - To alleviate financial strain, the company plans to transition to a light-asset model, including the sale of PV power station assets, with a total capacity of up to 14 GW authorized for sale [6][9] - In 2024, the company sold 18 power stations with a total capacity of 8,412.37 MW for 250.67 billion yuan, impacting current operating performance positively by 27.33 billion yuan [6][8]

Group 1 - The 25th National Electric Power Energy Distribution Seminar (SENDI) was held in Belo Horizonte, Minas Gerais, Brazil, attracting over 5,000 industry leaders and representatives [1] - Chint showcased a complete technology system covering the entire industry chain from generation to measurement at the event, marking a new phase in local operations in the Latin American market [1][12] - The opening of the Brazilian meter factory signifies a significant step in Chint's localization strategy, with an annual production capacity of 1.2 million smart energy meters [9][11] Group 2 - Chint's AMI smart energy meter solution received high recognition at SENDI, featuring advanced technologies such as smart metering, data management, and remote monitoring [3][5] - The solution's performance and local adaptability were praised by representatives from various state power bureaus, indicating its potential to support Brazil's smart grid development [5] - Chint engaged in deep discussions with industry partners about innovative applications of smart energy meters in renewable energy integration and demand-side management [7] Group 3 - The factory in Manaus, Amazonas, is expected to create over 350 jobs by 2027 and will serve as a technical support center for meter applications in Latin America [9][11] - Chint's CEO emphasized the importance of SENDI for showcasing investments and strengthening partnerships with Brazilian distributors [11] - The event and factory opening represent a new starting point for Chint's development in the South American market, focusing on sustainable energy infrastructure [12]

证券代码：601877 证券简称：正泰电器 公告编号：临 2025-036 浙江正泰电器股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.6元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 是 一、通过分配方案的股东大会届次和日期 本次利润分配方案经浙江正泰电器股份有限公司（以下简称"公司"） 2025 年 5 月 23 日 的2024年年度股东大会审议通过。 二、分配方案 1、发放年度：2024年年度 2、分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上海证券交易所上市公司自律监管指引第 7 ...

北京市金杜律师事务所 关于浙江正泰电器股份有限公司 差异化权益分派事项的法律意见书 致：浙江正泰电器股份有限公司 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）、《上市公司股份回购规则（2025 年修订）》（以下简 称《回购规则》）、《上海证券交易所上市公司自律监管指引第 7 号——回购股份 （2025 年 3 月修订）》（以下简称《回购指引》）等中华人民共和国境内（以下简 称中国境内，为本法律意见表述之目的，不包括中国香港特别行政区、中国澳门 特别行政区和中国台湾地区）现行有效的法律、行政法规、部门规章及其他规范 性文件和《浙江正泰电器股份有限公司章程》（以下简称《公司章程》）的规定， 北京市金杜律师事务所（以下简称金杜）受浙江正泰电器股份有限公司（以下简 称公司或正泰电器）委托，就公司 2024 年度利润分配所涉及的差异化权益分派（以 下简称本次差异化权益分派）相关事宜出具本法律意见书。 金杜依据《证券法》《律师事务所从事证券法律业务管理办法》和《律师事务 所证券法律业务执业规则（试行）》等规定及本法律意见书出具日以前已经发生或 者存在的事实，严格履行 ...