证券代码：603063 证券简称：禾望电气 公告编号：2025-042 深圳市禾望电气股份有限公司 关于公司部分股票期权注销完成的公告 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。 深圳市禾望电气股份有限公司（以下简称"公司"）于2025年3月13日召开 第四届董事会第二次会议和第四届监事会第二次会议，审议通过了《关于注销 2023年股票期权激励计划部分股票期权的议案》。根据《2023年股票期权激励计 划（草案）》（以下简称"2023年激励计划"）的相关规定，原激励对象中7人 因个人原因已离职、2人考核年度个人绩效考核结果为"待改进"或"不合格"。 公司对上述激励对象不得行权的股票期权共计121,800份进行注销。具体内容详 见公司于上海证券交易所网站及《上海证券报》《证券时报》披露的《深圳市禾 望电气股份有限公司关于注销2023年股票期权激励计划部分股票期权的公告》 （公告编号：2025-016）。 公司于2025年4月11日召开2025年第一次临时董事会会议和2025年第一次临 时监事会会议，审议通过了《关于注销2023 ...

证券代码：603063 证券简称：禾望电气 公告编号：2025-039 深圳市禾望电气股份有限公司 2025 年第二次临时监事会会议决议公告 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。 一、 监事会会议召开情况 1、深圳市禾望电气股份有限公司（以下简称"公司"）2025 年第二次临时 监事会会议（以下简称"本次会议"）的召开符合《中华人民共和国公司法》（以 下简称"《公司法》"）《上海证券交易所股票上市规则》等相关法律、行政法 规、规范性文件及《深圳市禾望电气股份有限公司章程》（以下简称"《公司章 程》"）的有关规定； 二、 监事会会议审议情况 （一）审议通过《关于注销 2023 年股票期权激励计划部分股票期权的议案》 经监事会审查，认为：鉴于2023年激励计划首次授予部分第一个行权期已经 届满，尚有993,810份股票期权未行权，公司将根据2023年激励计划规定注销激 励对象到期未行权的股票期权。公司注销激励对象到期未行权的股票期权符合 2、公司于 2025 年 4 月 25 日以电子邮件、电话等方式向监事发出监事会会 ...

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、 董事会会议召开情况 1、深圳市禾望电气股份有限公司（以下简称"公司"）2025 年第二次临时 董事会会议（以下简称"本次会议"）的召开符合《中华人民共和国公司法》《上 海证券交易所股票上市规则》等相关法律、行政法规、规范性文件及《深圳市禾 望电气股份有限公司章程》（以下简称"《公司章程》"）的有关规定； 2、公司于 2025 年 4 月 25 日以电子邮件、电话等方式向董事发出董事会会 议通知； 3、本次会议于 2025 年 4 月 28 日以通讯方式召开； 证券代码：603063 证券简称：禾望电气 公告编号：2025-038 深圳市禾望电气股份有限公司 2025 年第二次临时董事会会议决议公告 权期已经届满，尚有993,810份股票期权未行权，公司将根据2023年激励计划规 定注销激励对象到期未行权的股票期权。 （一）审议通过《关于注销2023年股票期权激励计划部分股票期权的议案》 因此，公司董事会审议决定注销上述到期未行权的股票期权合计993,810份。 本事项经公司 ...

证券代码：603063 证券简称：禾望电气 公告编号：2025-040 深圳市禾望电气股份有限公司 关于注销 2023 年股票期权激励计划部分股票期权的公告 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。 深圳市禾望电气股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召 开 2025 年第二次临时董事会会议和 2025 年第二次临时监事会会议，审议通过了 《关于注销 2023 年股票期权激励计划部分股票期权的议案》，现将有关事项公 告如下： 一、2023 年股票期权激励计划已履行的相关审批程序 1、2023 年 3 月 31 日，公司召开 2023 年第四次临时董事会会议，会议审议 通过了《关于公司<2023 年股票期权激励计划（草案）>及其摘要的议案》和《关 于制定公司<2023 年股票期权激励计划实施考核管理办法>的议案》。公司 2023 年第四次临时监事会会议审议通过了前述议案及《关于公司<2023 年股票期权激 励计划首次授予激励对象名单>核查意见的议案》。公司独立董事就本次激励计 划是否有利于公司的 ...

泽君律师事各所 inZelun Law Offices 中国广东省深圳市福田区金田路 4028 号荣超经贸中心 28、29 层 邮政编码: 518035 28&29 Floor, Landmark, No.4028 Jintian Road, Futian District. Shenzhen 518035. P.R.C. Tel: 0755-33988188 Fax: 0755-33988199 北京市君泽君（深圳）律师事务所 关于深圳市禾望电气股份有限公司 北京 ·深圳 ·上海 · 广州 · 天津 · 成都 · 南京 · 长沙 · 长春 · 珠海 · 海口 · 昆明 · 沈阳 · 石家庄 · 郑州 香港 · 南昌 · 杭州 · 济南 · 福州 · 合肥 · 西安 · 大连 · 武汉 荒泽君健师事各所 IunZelun Law Offices 核查的文件以及本所认为必须查阅的其他文件。同时,本所已得到公司的如下保证: 公司已向本所提供为出具本法律意见书所必须的、真实的、有效的原始书面材料、 副本材料或口头证言,有关材料上的签名或盖章是真实有效的,有关副本或者复印 件与正本材料或原件一致,均不存在虚假内容或重 ...

Summary of Key Points from the Conference Call Company Overview - Hezhong Electric is primarily an electric power electronics platform company, originally focused on the wind power sector and gradually expanding into photovoltaic, energy storage, and hydrogen energy sectors [2][16] - The management team has a strong technical background, with many members coming from Huawei and Emerson Network Power, which enhances the company's technological capabilities [8] Industry Insights - The AI data center (AIDC) market is expected to see significant growth, with global installations projected to reach 12 GW by 2025, leading to a corresponding market space of $18.2 billion for UPS and $5.8 billion for HVDC [4][10] - The HVDC market is anticipated to grow rapidly, potentially reaching nearly $30 billion by 2028, driven by its efficiency and stability advantages [4][10] - The demand for power supply solutions in AI data centers is increasing, with a focus on stability, efficiency, and power requirements [12] Financial Performance - Hezhong Electric has experienced a compound annual growth rate (CAGR) of over 20% in revenue since 2018, although the company faces pressure in 2024 due to challenges in the renewable energy sector [7] - The company maintains a stable gross margin, with the large transmission business achieving profitability around 45% [7][16] - Revenue and profit growth are expected to rebound as the company explores new large transmission fields [7] Market Opportunities - The company is well-positioned to capitalize on the accelerating capital expenditures from major cloud providers in North America and domestic giants like Alibaba and Tencent, which are expected to increase their capital spending in 2025 [3][10] - Hezhong Electric aims to leverage its large power technology to expand into AI data center power supply, soft start, pumped storage, and controlled nuclear fusion sectors [6][9] Competitive Landscape - The UPS market currently dominates the power supply sector, holding over 90% market share, but HVDC is expected to gain traction due to its lower costs and smaller footprint [13][15] - The penetration rate of HVDC is projected to increase significantly in the coming years, particularly in overseas markets [15] Future Projections - The company anticipates revenue growth in the wind power sector, with onshore wind expected to grow over 30% and offshore wind potentially doubling by 2025 [3][16] - The overall revenue and profit growth outlook for Hezhong Electric is positive, with projected net profits of $640 million in 2025, $760 million in 2026, and $930 million in 2027 [17] Conclusion - Hezhong Electric is strategically positioned to benefit from the growth in AI data centers and renewable energy sectors, with a strong management team and a focus on technological innovation [2][8][9]

Meeting Overview - The annual shareholders' meeting of Shenzhen He望 Electric Co., Ltd. was held on April 21, 2025, at the company's meeting room in Nanshan District, Shenzhen [2] - The meeting was convened by the board of directors and chaired by Chairman Han Yu, utilizing a combination of on-site and online voting methods [3] Attendance - All 5 current directors attended the meeting, while 1 out of 3 supervisors was present; two supervisors were absent due to work commitments [4] - The board secretary and several senior management personnel also attended the meeting [4] Resolutions Passed - The following resolutions were approved during the meeting: 1. 2024 Annual Board Work Report [5] 2. 2024 Annual Supervisory Board Work Report [5] 3. Approval of the 2024 Annual Report and its summary [6] 4. Approval of the 2024 Profit Distribution Plan [6] 5. Appointment of the auditing firm for the 2025 Annual Audit [6] 6. Proposal for the company and its subsidiaries to apply for comprehensive credit from banks [6] 7. Approval of the remuneration for directors and supervisors for 2025 [6] 8. Approval of guarantees for wholly-owned subsidiaries [6] 9. Authorization for the management to conduct external investments [6] 10. Amendment of the Articles of Association [7] 11. Capital increase for wholly-owned subsidiaries [7] Voting and Legal Compliance - The meeting's voting procedures complied with the Company Law and the Articles of Association, with special resolutions (items 8 and 10) receiving over two-thirds approval from the attending shareholders [7] - The meeting was witnessed by lawyers from Junzejun Law Firm, who confirmed the legality of the meeting's procedures and voting results [7]

Investment Rating - The report assigns a "Buy" rating for the company, Hewei Electric (禾望电气) [1][7]. Core Insights - Hewei Electric is positioned as a power electronics platform company with a strong moat, expected to leverage the AI wave to expand into new fields, particularly in AI data center (AIDC) power supply solutions [4][13]. - The company has a solid growth trajectory in its core businesses of new energy control and transmission, with significant opportunities in the rapidly growing AIDC market [7][28]. Summary by Sections 1. Business Overview - Hewei Electric focuses on new energy control and transmission, with its core business covering wind power converters, photovoltaic inverters, energy storage systems, and hydrogen production systems [4][13]. - The company has expanded its product offerings since its establishment in 2007, leveraging its expertise in high-power technology [4][13]. 2. AIDC Market Potential - The demand for AIDC is expected to grow significantly, with a projected CAGR of approximately 40% from 2023 to 2028 [29]. - By 2025, the global AIDC market is anticipated to account for 79% of new data center installations, with a substantial increase in power consumption [29][30]. 3. Product Development and Market Position - Hewei Electric is a leader in wind power converters, with a comprehensive product range covering 750kW to 30MW power segments, and is expected to see high growth in sales [4][5]. - The company is also well-positioned in the photovoltaic and energy storage markets, maintaining a strong market presence and competitive advantage [4][5]. 4. Financial Projections - Revenue forecasts for Hewei Electric are projected to reach 49.08 billion yuan in 2025, with a growth rate of 31%, and net profit expected to grow by 45% to 6.39 billion yuan [6][7]. - The company is expected to maintain a stable growth trajectory through 2027, with revenue and profit growth driven by its core businesses and new opportunities in AIDC [7][20]. 5. Competitive Landscape - The report highlights the competitive landscape in the AIDC sector, noting that Hewei Electric's early mover advantage in high-power technology positions it favorably against competitors [4][5][28]. - The company is expected to benefit from the increasing demand for high-efficiency power supply solutions in the context of rising AI computing needs [4][5][28].

证券代码：603063 证券简称：禾望电气 公告编号：2025-037 深圳市禾望电气股份有限公司 2024 年年度股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 4 月 21 日 (二) 股东会召开的地点：深圳市南山区西丽官龙村第二工业区 11 栋公司 二楼会议室 (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 | 631 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 116,310,022 | | 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（%） | 25.7446 | 注：有表决权股份总数不包含公司回购专户账户中的股份。 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情 况等。 本次股东会由公司董事会召集，由董事长韩玉先生主持。会议采用现场投票 和网络投票 ...

and and the may be and the see of the see of the see of the see of the see of the see of the see of the see of the see of th n Law Offices 中国广东省深圳市福田区金田路 4028 号荣超经贸中心 28、29 层 邮政编码: 518035 28&29 Floor, Landmark, No.4028 Jintian Road, Futian District. Shenzhen 518035. P.R.C. Fax: 0755-33988199 http://www.junzejun.com Tel: 0755-33988188 北京市君泽君(深圳) 律师事务所 关于深圳市禾望电气股份有限公司 2024年年度股东会的 法律意见书 致:深圳市禾望电气股份有限公司 深圳市禾望电气股份有限公司(以下简称公司)2024年年度股东会(以下简称 本次股东会) 采取现场表决与网络投票相结合的方式召开,其中现场会议于2025 年4月21日在深圳市南山区西丽官龙村第二工业区11栋公司二楼会议室 ...