Core Viewpoint - China Electrical Equipment Group Co., Ltd. is a key state-owned enterprise responsible for domestic power equipment replacement and energy transition, formed through the restructuring of several companies in 2021 [1] Group 1: Company Overview - China Electrical Equipment Group is headquartered in Shanghai and includes seven listed companies, covering the entire industrial chain in the power transmission and distribution equipment sector [1] - The group plays a significant role in national strategic tasks such as the localization of power equipment and the transition to clean and low-carbon energy [1] Group 2: Key Companies - China XD Electric (stock code: 601179) specializes in R&D and manufacturing of high, ultra-high, and extra-high voltage transmission and distribution equipment, being the only domestic company capable of producing complete sets of transmission and transformation equipment [3] - XJ Electric (stock code: 000400) is a leader in extra-high voltage converter valves and DC control protection systems, with a market share exceeding 40% for converter valves and 30-40% for control protection systems [5] - Pinggao Group (stock code: 600312) is a leading enterprise in the extra-high voltage AC switch sector, focusing on the R&D and manufacturing of gas-insulated switchgear (GIS) across voltage levels from 500kV to 1100kV [7] - Baoguang Co., Ltd. (stock code: 600379) is a leading manufacturer of vacuum circuit breakers and has a global market share of 23.5%-32.7% in vacuum interrupters, exporting to over 40 countries [9] - Xihua Institute (stock code: 688334) is the only national third-party testing and certification institution in the high-voltage electrical field, providing unique advantages in technical authority and standard-setting [11] - Baobian Electric (stock code: 600550) specializes in high-voltage, large-capacity transformers, with a strong market presence in the ultra-high voltage and nuclear power sectors [13] - Hongsheng Huayuan (stock code: 601096) focuses on the R&D, production, and sales of transmission line towers, covering all voltage levels including extra-high voltage [14] Group 3: Industry Position and Potential - The seven listed companies under China Electrical Equipment Group are industry leaders, with China XD Electric having the highest market capitalization and revenue [16] - XJ Electric is recognized for its strong supporting capabilities in the power equipment sector, while Pinggao Group is a key player in the high-voltage switch industry [16] - Baobian Electric is one of the largest specialized manufacturers of transmission and transformation equipment in China, indicating a robust industrial cluster with significant growth potential in the context of power grid construction cycles [16]

Core Viewpoint - The company emphasizes its commitment to the construction of a new power system during the "14th Five-Year Plan" period, focusing on technological breakthroughs and institutional innovation to accelerate deep adjustments in the energy structure [2] Industry Insights - The company will continuously monitor changes in industry demand and development trends, actively seizing market opportunities [2] - There is an emphasis on increasing investment in technological research and market expansion to enhance the company's intrinsic value [2] - The judgment of specific industry cycles involves numerous variables, indicating a need for investors to remain cautious [2]

Core Viewpoint - The company is actively enhancing its production capacity and efficiency in response to strong market demand, particularly in the fields of ultra-high voltage, renewable energy, and smart grid technologies, which are expected to experience sustained growth due to the "dual carbon" goals and the development of new power systems [2] Group 1: Production Capacity and Efficiency - The company is implementing intelligent upgrades to existing production lines to improve experimental efficiency [2] - The company is advancing project construction and technological upgrades to expand production capacity in an orderly manner [2] - The company is optimizing experimental resource allocation through multi-regional collaboration and resource integration, leveraging its industrial layout across various regions [2] Group 2: Market Opportunities - The ultra-high voltage, renewable energy, and smart grid sectors are projected to grow rapidly, providing long-term and certain market space for the testing industry [2] - The company is expected to benefit significantly from industry expansion and technological iteration [2]

Group 1 - The company has appointed Mr. Zhang Jinbo as the General Manager and Mr. Hao Yuliang and Mr. Sun Quan as Deputy General Managers, effective from the date of the board meeting [1][2] - The appointments aim to enhance the company's governance structure and improve management efficiency in line with its strategic development [1] - The board confirmed that the appointed executives meet the qualifications required by the Company Law and other relevant regulations [2][7][8] Group 2 - The company held its second board meeting on February 3, 2026, where it also approved the supplementary election of members for the Technology Innovation Committee and the Nomination Committee [8][9] - Mr. Zhang Jinbo was elected as the Chairman of the Technology Innovation Committee, and Ms. Li Jie was elected as a member of the Nomination Committee, with terms lasting until the end of the current board's tenure [9][10][11] - The adjustments in committee memberships were made to ensure the smooth operation of the board's committees following changes in board membership [9]

Group 1 - The company is focused on its core business and aims to enhance profitability and core competitiveness to drive high-quality development [1] - Specific operating performance for the year 2025 will be disclosed in the company's future periodic reports [1]

Group 1 - The company announced the appointment of Mr. Zhang Jinbo as the General Manager [2] - Mr. Hao Yuliang and Mr. Sun Quan were appointed as Deputy General Managers [2] - The terms of the new appointments will last until the end of the second board of directors' term [2]

Group 1 - The company announced the election of Mr. Zhang Jinbo as the chairman of the Technology Innovation Committee and Ms. Li Jie as a member of the Nomination Committee during the seventh meeting of the second board of directors [2] - The term for the newly elected members will last until the end of the current board's term [2] - The announcement was made on February 3rd by the West High Court [2]

西安高压电器研究院股份有限公司 关于聘任公司总经理、副总经理的公告 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、准确性和完整性依 法承担法律责任。 证券代码：688334 证券简称：西高院 公告编号：2026-003 西安高压电器研究院股份有限公司（以下简称"公司"）于 2026 年 2 月 3 日召开了第二届董事会第七次会议，审议通过了《关于聘任总经 理的议案》《关于聘任副总经理的议案》。现将具体情况公告如下： 为进一步完善公司治理结构，提高公司管理水平及工作效率，结合 公司发展战略规划和经营管理的需要，根据《中华人民共和国公司法》 （以下简称"《公司法》"）《上海证券交易所科创板股票上市规则》等法 律法规和规范性文件及《西安高压电器研究院股份有限公司章程》（以下 简称"《公司章程》"）的相关规定，经董事长提名，公司董事会提名委员 会资格审核通过，公司董事会同意聘任张晋波先生为公司总经理；经总 经理提名，公司董事会提名委员会资格审核通过，公司董事会同意聘任 郝宇亮先生、孙泉先生担任公司副总经理，任期均自本次董事会审议通 过之日起至第二届董事会任期届满 ...

证券代码：688334 证券简称：西高院 公告编号：2026-004 西安高压电器研究院股份有限公司 关于补选公司第二届董事会 科技创新委员会、提名委员会委员的公告 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、准确性和完整性依 法承担法律责任。 西安高压电器研究院股份有限公司（以下简称"公司"）于 2026 年 2 月 3 日召开第二届董事会第七次会议，审议通过了《关于补选公司第 二届董事会科技创新委员会委员的议案》《关于补选公司第二届董事会提 名委员会委员的议案》，现将相关事项公告如下： 公司于 2025 年 5 月 8 日召开 2024 年年度股东大会，审议通过了《关 于董事会换届选举暨选举第二届董事会非独立董事的议案》，张晋波先生、 李洁女士于 2024 年年度股东大会审议通过之日起任公司董事，任期至第 二届董事会届满之日止。 及公司《董事会科技创新委员会议事规则》《董事会提名委员会议事规则》 的有关规定，经董事长张晋波先生提名，补选张晋波先生为公司第二届 董事会科技创新委员会主任委员，补选李洁女士为公司第二届董事会提 名委员会委员，任期自本次董 ...

Core Viewpoint - The company aims to enhance its governance structure and management efficiency by appointing new executives in line with its strategic development and operational needs [1] Group 1: Executive Appointments - The company has appointed Mr. Zhang Jinbo as the General Manager following the approval of the board's nomination committee [1] - Mr. Hao Yuliang and Mr. Sun Quan have been appointed as Deputy General Managers, also approved by the board's nomination committee [1] - The terms for the newly appointed executives will last until the end of the second board's term [1]