证券代码:603861 证券简称:白云电器 公告编号:2025-096 广州白云电器设备股份有限公司 关于召开 2025 年第三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个别及连带责任。 重要内容提示： 投资者可在 2025 年 11 月 3 日（星期一）18:00 前通过电子邮件方式将 所关注的问题发送至公司投资者关系邮箱（Baiyun_electric@bydq.com.cn）或 登录"业绩说明会问题征集专题"栏目（https://ir.p5w.net/zj/）进行提问， 公司将于业绩说明会上就投资者普遍关注的问题进行回答。 广州白云电器设备股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体披露了公司 《2025 年第三季度报告》。为了便于广大投资者更加全面深入地了解公司 2025 年第三季度业绩和经营情况，公司拟于 2025 年 11 月 4 日（星期二）15:00-16:00 召开业绩说明会，就投资者普遍关心的问题进 ...

广州白云电器设备股份有限公司 第七届董事会第二十三次会议决议公告 证券代码:603861 证券简称:白云电器 公告编号:2025-095 广州白云电器设备股份有限公司董事会 2025 年 10 月 30 日 该议案已经公司第七届董事会审计委员会 2025 年第五次会议审议通过，并 提交董事会审议通过。 特此公告。 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。 广州白云电器设备股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日以通讯表决的方式召开第七届董事会第二十三次会议。本次会议通知已于 2025 年 10 月 23 日以邮件、电话等方式送达全体董事。会议应参加表决的董事 9 名，实际参加表决的董事 9 名。本次会议由董事长胡德兆先生主持，会议的召集、 召开符合《中华人民共和国公司法》和《公司章程》的规定。 本次会议审议并通过了以下议案： 一、审议通过《关于公司<2025 年第三季度报告>的议案》。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见公司于同日在上海证券交易所网站披露的 ...

Group 1 - The core viewpoint of the news is that Baiyun Electric reported its third-quarter performance, showing a slight decline in revenue but a significant increase in net profit [1] - For the first three quarters of 2025, Baiyun Electric's revenue was approximately 3.473 billion yuan, a year-on-year decrease of 2.3% [1] - The net profit attributable to shareholders of the listed company was about 149 million yuan, reflecting a year-on-year increase of 19.54% [1] Group 2 - As of the report, Baiyun Electric's market capitalization stands at 6.6 billion yuan [2]

Company Overview - Baiyun Electric (SH 603861) announced on October 29 that its 23rd meeting of the 7th board of directors was held via communication voting on October 28, 2025, to review the proposal regarding the "2025 Q3 Report" [1] - As of the report, Baiyun Electric's market capitalization is 6.6 billion yuan [1] Revenue Composition - For the period from January to December 2024, Baiyun Electric's revenue composition is as follows: 99.02% from the electrical machinery and equipment manufacturing industry and 0.98% from other businesses [1]

Financial Performance - The company's operating revenue for the third quarter was CNY 1,219,569,220.54, a decrease of 14.06% compared to the same period last year[3] - The total profit for the quarter reached CNY 84,638,388.67, an increase of 38.57% year-on-year[3] - The net profit attributable to shareholders was CNY 67,807,954.62, reflecting a growth of 30.48% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 58,340,787.81, up by 24.21% year-on-year[3] - Total operating revenue for the first three quarters of 2025 was CNY 3,472,744,132.94, a decrease of 2.3% compared to CNY 3,554,354,322.73 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was CNY 164,515,138.62, an increase of 32.0% compared to CNY 124,640,174.04 in the same period of 2024[17] - Earnings per share remained stable at CNY 0.29 for both 2025 and 2024[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 10,656,870,952.88, representing a 6.48% increase from the end of the previous year[4] - The equity attributable to shareholders increased by 14.07% to CNY 3,983,943,543.10 compared to the end of the previous year[4] - The company's total liabilities increased to CNY 6,458,798,544.55, compared to CNY 6,312,580,479.80 in the previous year[14] - Total equity increased to CNY 4,198,072,408.33, up from CNY 3,696,075,911.02 year-over-year[14] - Long-term borrowings rose significantly to CNY 1,143,740,000.00 from CNY 514,736,500.00 in the previous year[14] Cash Flow - The cash flow from operating activities for the year-to-date was negative CNY 601,100,485.17, a decrease of CNY 386,522,500.00 compared to the previous year[8] - Cash inflow from operating activities increased to CNY 3,527,109,447.46, up from CNY 3,394,708,273.59 in the previous year[19] - Cash outflow from operating activities rose to CNY 4,128,209,932.63, compared to CNY 3,609,286,257.54 in the same period of 2024[19] - The net cash flow from operating activities was -$601.1 million, compared to -$214.6 million in the previous period, indicating a significant decline[20] - Cash inflow from investment activities totaled $2.24 billion, up from $1.37 billion year-over-year, driven by increased cash received from other investment-related activities[20] - The net cash flow from investment activities was -$180.6 million, worsening from -$32.2 million in the previous period[20] - Cash inflow from financing activities was $1.54 billion, an increase from $924.6 million, reflecting higher borrowings[20] - The net cash flow from financing activities was $432.8 million, compared to $246.0 million in the previous period, showing improved financing conditions[20] - The ending cash and cash equivalents balance was $160.4 million, down from $409.0 million at the beginning of the period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,109[10] - The company holds 2,526,438 shares in its repurchase special account, accounting for 0.47% of the total share capital[10] - The top ten shareholders collectively hold 13.32% of the shares, with the largest individual shareholder owning 72,003,672 shares[10] Operational Efficiency - The company reported a significant increase in high-value product sales, contributing to improved gross margins[8] - The company continues to optimize its order structure and control costs effectively across various operational areas[8] - Total operating costs decreased to CNY 3,254,305,670.77, down 5.6% from CNY 3,446,014,782.04 year-over-year[16] - The company reported a decrease in research and development expenses to CNY 108,125,918.64 from CNY 121,606,527.80 year-over-year[16] Changes in Accounts - Accounts receivable increased to ¥2,327,645,234.28 from ¥1,968,554,812.47, representing a growth of approximately 18.3%[12] - Total current assets reached ¥6,294,937,787.88, up from ¥5,884,941,233.14, indicating an increase of about 7%[12] - Non-current assets totaled ¥4,361,933,165.00, compared to ¥4,123,715,157.68, reflecting a growth of approximately 5.8%[13] - Total assets amounted to ¥10,656,870,952.88, an increase from ¥10,008,656,390.82, showing a growth of about 6.5%[13] - Short-term borrowings decreased to ¥566,514,105.79 from ¥651,422,776.77, a reduction of approximately 13.1%[13] - Accounts payable increased to ¥2,540,747,738.68 from ¥2,488,978,211.52, representing a rise of about 2.1%[13]

Core Insights - Baiyun Electric reported a third-quarter revenue of 1.22 billion yuan, a year-on-year decrease of 14.06% [1] - The net profit for the third quarter was 67.808 million yuan, showing a year-on-year increase of 30.48% [1] - For the first three quarters, the total revenue was 3.473 billion yuan, reflecting a year-on-year decline of 2.30% [1] - The net profit for the first three quarters reached 149 million yuan, which is a year-on-year increase of 19.54% [1] Financial Performance - Third-quarter revenue: 1.22 billion yuan, down 14.06% year-on-year [1] - Third-quarter net profit: 67.808 million yuan, up 30.48% year-on-year [1] - Year-to-date revenue: 3.473 billion yuan, down 2.30% year-on-year [1] - Year-to-date net profit: 149 million yuan, up 19.54% year-on-year [1]

Group 1 - The company held its 18th meeting of the 7th Board of Directors and the 16th meeting of the 7th Supervisory Board on July 30, 2025, where it approved the proposal to cancel the Supervisory Board, change the business scope, and amend the Articles of Association [1] - The proposal was subsequently approved at the company's second extraordinary general meeting of shareholders on August 15, 2025, authorizing the Board of Directors and designated personnel to handle business registration changes and related matters [1] Group 2 - The company has completed the business registration changes and the filing of the amended Articles of Association, with no substantial differences from the content approved at the extraordinary general meeting [2] - The updated registration information includes: - Company Name: Guangzhou Baiyun Electric Equipment Co., Ltd. - Unified Social Credit Code: 914401011910641611 - Type: Other Joint Stock Company (Listed) - Legal Representative: Hu Dezhao - Registered Capital: 492,555,946 RMB - Established Date: July 5, 1989 - Address: No. 18, Dalingnan Road, Baiyun District, Guangzhou [2] Group 3 - The company's business scope includes manufacturing and sales of various electrical and electronic equipment, power facilities, and services related to energy monitoring and IoT technology [2]

广州白云电器设备股份有限公司 公司章程 广州白云电器设备股份有限公司 章 程 二〇二五年七月 1 / 43 | | | | 第一章 | 总 则 | 4 | | --- | --- | --- | | 第二章 | 公司宗旨和经营范围 | 5 | | 第三章 | 股 份 | 5 | | 第四章 | 股东和股东会 | 8 | | 第五章 | 董事和董事会 | 22 | | 第六章 | 高级管理人员 | 32 | | 第七章 | 财务会计制度、利润分配和审计 | 33 | | 第八章 | 通知和公告 38 | | | 第九章 | 合并、分立、增资、减资、解散和清算 | 38 | | 第二节 | 解散和清算 40 | | | | | 广州白云电器设备股份有限公司 公司章程 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和行为， 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》)和其他相关规定，制定本章程。 第二条 广州白云电器设备股份有限公司系依照《公司法》和其他有关规定成立的 股份有限公司（以下简称"公司"）。 公司依据《公司法》经广 ...

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。 一、基本情况介绍 证券代码:603861 证券简称:白云电器 公告编号:2025-094 广州白云电器设备股份有限公司 关于完成工商变更登记及《公司章程》备案的公告 法定代表人：胡德兆 注册资本：肆亿玖仟贰佰伍拾伍万玖仟玖佰肆拾陆元（人民币） 成立日期：1989 年 07 月 05 日 住所：广州市白云区大岭南路 18 号 经营范围：输配电及控制设备制造；配电开关控制设备制造；电容器及其配 套设备制造；输变配电监测控制设备制造；电力设施器材制造；机械电气设备制 造；电气信号设备装置制造；电工器材制造；电器辅件制造；电力电子元器件制 造；变压器、整流器和电感器制造；工业自动控制系统装置制造；仪器仪表制造； 电工仪器仪表制造；智能仪器仪表制造；电子元器件制造；通信设备制造；电子 元器件与机电组件设备制造；照明器具制造；五金产品制造；五金产品零售；工 程和技术研究和试验发展；电气设备销售；电子元器件批发；智能输配电及控制 设备销售；货物进出口；机械设备租赁；技术进出口；电力行业高 ...

关于全资子公司股权内部无偿划转的公告 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。 广州白云电器设备股份有限公司（以下简称"公司"）于 2025 年 10 月 16 日召开第七届董事会第二十二次会议，审议通过《关于全资子公司股权内部无偿 划转的议案》，具体情况如下： 证券代码:603861 证券简称:白云电器 公告编号:2025-093 广州白云电器设备股份有限公司 一、本次股权划转概述 为优化管理架构，提高管理效率，公司拟将全资子公司韶关中智德源投资有 限公司（以下简称"中智德源"）持有的韶关明德电器技术有限公司（以下简称 "韶关明德"）100%股权无偿划转至公司。本次股权划转完成后，公司将直接 持有韶关明德 100%股权。 本次股权划转事项不构成关联交易，亦不构成《上市公司重大资产重组管理 办法》规定的重大资产重组。 本次股权划转事项属于公司于全资子公司之间的内部转让，不会导致公司合 并报表范围发生变化，无需提交公司股东会审议。 二、本次股权划转基本情况 （一）划出方基本情况 1、公司名称：韶关中智德源投资有限公司 ...