Group 1 - The company will hold a performance briefing for the first quarter of 2025 on May 27, 2025, from 13:00 to 14:00 [1][2] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][3] - Investors can submit questions from May 20 to May 26, 2025, and the company will address commonly asked questions during the briefing [1][3] Group 2 - Key participants in the briefing will include the Chairman, Vice Chairman and CFO, General Manager, Independent Director, and Board Secretary [2] - Investors can access the briefing online through the Shanghai Stock Exchange Roadshow Center [2][3] - After the briefing, investors can view the main content and outcomes of the event on the same platform [3]

证券代码：603556 证券简称：海兴电力 公告编号：2025-036 杭州海兴电力科技股份有限公司 关于召开 2025 年第一季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： 会议召开时间：2025 年 05 月 27 日（星期二）13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadsh ow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 20 日（星期二）至 05 月 26 日（星期一）16: 00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 offi ce@hxgroup.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 杭州海兴电力科技股份有限公司（以下简称"公司"）已于 2025 年 04 月 30 日发布公司 2025 年第一季度报告，为便于广大投资者更全面深入地了解公 司 2025 年第一季度经营成果、财务状况，公司计划于 2025 年 05 ...

Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - Domestic and international cloud service providers have significantly increased capital expenditures in Q1, indicating a rising investment sentiment in the domestic power grid [4] - The power equipment capacity can reach 3-5 times that of computing chips, with the supply and distribution market expected to reach 73 billion yuan by 2026 [4] - The AIDC power equipment sector has seen a general increase in stock prices, with lead-acid batteries, HVDC, and UPS showing the highest gains [4] - The industry is characterized by a long power transmission chain, with global giants like Eaton and Schneider having established strong product lines and solution capabilities, while domestic companies are gaining competitive advantages [4] - The year 2025 is anticipated to be a pivotal year for AIDC construction, with significant capital expenditures expected from major cloud providers [4] Summary by Sections AIDC Power Equipment - Major cloud companies like Tencent and Alibaba have ramped up their AI computing infrastructure investments, with Tencent's capital expenditure reaching 27.48 billion yuan, up 91% year-on-year, and Alibaba's at 24.612 billion yuan, up 121% [4][16] - The global data center's IT load is projected to grow significantly, with a compound annual growth rate (CAGR) of 48% from 2024 to 2026 [4] - The AIDC power equipment sector is expected to benefit from the increasing demand for power supply equipment, including transformers and UPS systems [4] Grid Industry - In March 2025, the national power engineering investment reached 56.9 billion yuan, a decrease of 5.7% year-on-year, while the grid engineering investment was 52 billion yuan, an increase of 18.4% year-on-year [30] - The National Grid's investment in ultra-high voltage equipment is expected to see significant growth in 2025, with a projected annual investment exceeding 650 billion yuan [4] - The bidding results for the National Grid's transmission and transformation equipment show a total bid amount of 17.636 billion yuan, an increase of 12.7% year-on-year [60]

证券代码：603556 证券简称：海兴电力 公告编号：2025-035 杭州海兴电力科技股份有限公司 关于与专业投资机构共同投资设立产业基金的公告 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： 投资标的名称：中金海兴（苏州相城）股权投资基金合伙企业（有限合伙）， （以下简称"基金"、"本基金"或"合伙企业"）。 投资金额：本基金认缴出资总额为人民币 8 亿元，全部为货币出资。杭州 海兴电力科技股份有限公司（以下简称"公司"或"海兴电力"）作为有限合伙人 以自有资金认缴出资人民币 39,200 万元，出资占比为 49.00%；本公司全资子公 司宁波涌聚能源科技有限责任公司（以下简称"宁波涌聚"）作为普通合伙人以自 有资金认缴出资人民币 800 万元，出资占比为 1.00%。 本次对外投资事项不构成关联交易，不构成《上市公司重大资产重组管理办 法》规定的重大资产重组。 相关风险提示： 截至本公告披露日，本基金仍处于筹备设立阶段，后续尚需完成市场监督管 理部门的登记注册及中国证券投资基金业协会备案程序，基金能否成功 ...

海兴电力：拟共同投资设立产业基金 投向新能源、能源算法等前沿科技产业链上下游 智通财经5月16日电，海兴电力(603556.SH)公告称，公司及全资子公司宁波涌聚与中金私募股权投资管 理有限公司、苏州相城经济技术开发区漕湖资本投资有限公司共同设立中金海兴（苏州相城）股权投资 基金合伙企业（有限合伙），认缴出资总额为人民币8亿元。海兴电力作为有限合伙人认缴出资39,200 万元，出资占比为49.00%；全资子公司宁波涌聚作为普通合伙人认缴出资800万元，出资占比为 1.00%。该基金主要投向新能源、能源算法、物联网技术、智能制造等前沿科技产业链上下游。 ...

Meeting Overview - The shareholders' meeting was held on May 15, 2025, at the company's conference room in Hangzhou [1] - The meeting was convened by the board of directors and conducted through a combination of on-site and online voting [1] - The chairman, Mr. Zhou Liangzhang, presided over the meeting, which complied with the Company Law and the company's articles of association [1] Voting Results - All non-cumulative voting proposals were approved with high support from A-shareholders, with approval rates ranging from 99.8751% to 99.8849% [1][2] - Specific voting results included: - Proposal 1: 377,294,730 votes in favor (99.8758%) [1] - Proposal 2: 377,299,030 votes in favor (99.8770%) [1] - Proposal 3: 377,291,930 votes in favor (99.8751%) [1] - Proposal 4: 377,289,530 votes in favor (99.8745%) [1] - Proposal 5: 377,295,430 votes in favor (99.8760%) [1] - Proposal 6: 377,328,903 votes in favor (99.8849%) [2] Major Proposals - The meeting included significant proposals such as: - Reappointment of the accounting firm [3] - Use of idle funds for cash management [3] - Application for bank credit limits and guarantees for subsidiaries [3] - Election of representatives to the fifth supervisory board [3] Related Transactions - Related party transactions were discussed, with specific shareholders recusing themselves from voting due to conflicts of interest, including Mr. Zhou Liangzhang and associated entities [4] Legal Compliance - The meeting's procedures were verified by legal representatives, confirming compliance with laws, regulations, and the company's articles of association [5]

证券代码：603556 证券简称：海兴电力 公告编号：2025-034 杭州海兴电力科技股份有限公司 2024年年度股东大会决议公告 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)股东大会召开的时间：2025 年 5 月 15 日 (二)股东大会召开的地点：杭州市莫干山路 1418-35 号 公司会议室 (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 | 569 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 377,763,544 | | 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 | 77.6868 | | 总数的比例（%） | | (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。 本次股东大会由董事会召集，采取现场和网络投票相结合的形式召开及表决， 会议由董事长周良璋先生主持。本次股东大会的召集、召开及表决方式符合 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于杭州海兴电力科技股份有限公司 2024 年年度股东大会的法律意见书 致：杭州海兴电力科技股份有限公司 杭州海兴电力科技股份有限公司（以下简称"公司"）2024 年年度股东大会 定于 2025 年 5 月 15 日召开，国浩律师（上海）事务所（以下简称"本所"）接受 公司的委托，指派倪俊骥律师、陈晓纯律师（以下简称"本所律师"）对本次股东 大会进行见证，并依据《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》"）、中国证券监督管理委员会发布 的《上市公司股东会规则》及其他现行有效的法律、法规及规范性文件规定及《杭 州海兴电力科技股份有限公司章程》（以下简称"《公司章程》"）出具本法律意 见书。 本所律师按照中华人民共和国（以下简称"中国"，仅为本法律意见书之目 的，不包括香港特别行政区、澳门特别行政区和台湾地区）现行法律、法规的规 定列席了本次股东大会，审查了公司提供的有关本次股东大会各项议程及相关文 件，对本次股东大会的召集、召开程序是否合法及是否符合《公司章程》规定、 出席会议人员资格和股东大会 ...

Core Viewpoint - The company reported a decline in revenue and net profit for Q1 2025, indicating pressure on performance due to increased expenses and a challenging market environment [1][2][3]. Financial Performance - In Q1 2025, the company achieved a revenue of 784 million yuan, a year-on-year decrease of 12.99% [2]. - The net profit attributable to the parent company was 141 million yuan, down 34.07% year-on-year, while the net profit excluding non-recurring items was 143 million yuan, a decrease of 33.37% [2][3]. - The gross profit margin for Q1 2025 was 42.44%, reflecting a decline of 1.81 percentage points compared to the previous year, primarily due to changes in product delivery structure [4]. Expense Analysis - Sales expenses and management expenses increased significantly by 36.11% and 23.80%, respectively, attributed to the expansion of overseas business and increased hiring [4]. - Research and development expenses grew by 18.30%, indicating a commitment to maintaining high investment levels despite rising costs [4]. Market Opportunities - The global market for electricity distribution and utilization is expanding, driven by the increasing demand for smart grids due to the integration of renewable energy sources [5]. - The export value of electric meters from China reached over 11 billion yuan in 2024, marking a year-on-year increase of approximately 13% [5]. - The expected investment by the State Grid in 2025 is over 650 billion yuan, with a high volume of tenders for electric meters and related equipment anticipated [6]. Industry Outlook - The overall demand for electric meters is projected to remain strong, with an estimated 95 million units to be tendered in 2024, reflecting a year-on-year growth of about 25% [5]. - The company has secured a cumulative tender amount of 1.123 billion yuan from the State Grid and Southern Grid, representing a year-on-year increase of 27.98% [5]. Profit Forecast - The company's net profit for 2025 and 2026 is projected to be 1.18 billion yuan and 1.37 billion yuan, respectively, with price-to-earnings ratios of 11.1x and 9.6x [7].

证券代码：603556 证券简称：海兴电力 公告编号：2025-033 二、 说明会召开的时间、地点 杭州海兴电力科技股份有限公司 关于召开2024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个别及连带责任。 重要内容提示： 投资者可于 2025 年 05 月 14 日（星期三）至 05 月 20 日（星期二）16: 00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 offi ce@hxgroup.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 杭州海兴电力科技股份有限公司（以下简称"公司"）已于 2025 年 04 月 22 日发布公司 2024 年年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成果、财务状况，公司计划于 2025 年 05 月 21 日（星期三）13:30-14:30 举行 2024 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视频结合网络互动召开，公司将针对 2024 年度的经营 成果及财务指 ...