证券代码：688660 证券简称：电气风电 公告编号：2025-032 二、公司关注并核实的相关情况 上海电气风电集团股份有限公司 公司股票交易异常波动公告 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。 重要内容提示： 公司股票于 2025 年 08 月 26 日、08 月 27 日、08 月 28 日连续 3 个交易日内 日收盘价格涨幅偏离值累计超过 30%。根据《上海证券交易所交易规则》《上海证券 交易所科创板股票异常交易实时监控细则》的有关规定，该情况属于科创板股票竞 价交易异常波动的情形。 经公司自查并向控股股东书面征询，截至本公告披露日，公司日常经营情况 正常，未发生重大变化，公司及控股股东不存在涉及本公司的应披露而未披露的重 大事项。 一、股票交易异常波动的具体情况 公司股票于 2025 年 08 月 26 日、08 月 27 日、08 月 28 日连续 3 个交易日内日收 盘价格涨幅偏离值累计超过 30%。根据《上海证券交易所交易规则》《上海证券交易 所科创板股票异常交易实时监控细则》的有关规定，该情况属于 ...

Market Performance - On August 28, the wind power equipment sector rose by 1.58%, with Electric Wind Power leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Electric Wind Power (688660) closed at 25.56, up 14.46%, with a trading volume of 943,800 shares and a transaction value of 2.304 billion [1] - Other notable performers included Zhonghuan Hailu (301040) at 39.60, up 12.66%, and He Wang Electric (603063) at 37.78, up 6.51% [1] - Conversely, Mingyang Smart Energy (601615) fell by 4.17% to 12.18, with a trading volume of 944,800 shares and a transaction value of 1.148 billion [2] Capital Flow - The wind power equipment sector experienced a net outflow of 429 million from institutional investors, while retail investors saw a net inflow of 400 million [2] - The table of capital flow indicates that He Wang Electric had a net inflow of 1.956 million from institutional investors, while Electric Wind Power had a net outflow of 2.302 million [3] Individual Stock Analysis - He Wang Electric (603063) had a net outflow of 1.956 million from institutional investors, with a retail net inflow of 1.255 million [3] - Electric Wind Power (688660) saw a net outflow of 2.302 million from institutional investors, with a retail net inflow of 203.85 million [3] - Overall, the capital flow data suggests varying levels of investor interest across different stocks within the wind power equipment sector [3]

Core Viewpoint - The recent financial report of Electric Wind Power (688660) shows significant revenue growth but continued net losses, indicating potential challenges in profitability despite operational improvements [1] Financial Performance Summary - Total revenue for the first half of 2025 reached 2.664 billion yuan, a year-on-year increase of 118.61% [1] - The net profit attributable to shareholders was -279 million yuan, an improvement of 27.89% compared to the previous year [1] - In Q2 2025, total revenue was 1.893 billion yuan, up 152.8% year-on-year, while the net profit attributable to shareholders was -91.58 million yuan, an increase of 47.63% [1] - The gross margin was 14.66%, down 9.1% year-on-year, while the net margin improved to -10.71%, a 66.29% increase [1] - Total receivables accounted for 43% of the latest annual revenue, indicating a significant amount of outstanding payments [1] Key Financial Metrics Comparison - Revenue increased from 1.218 billion yuan in 2024 to 2.664 billion yuan in 2025, a growth of 118.61% [1] - The net profit improved from -387 million yuan in 2024 to -279 million yuan in 2025, a 27.89% increase [1] - Cash flow per share improved significantly from -1.90 yuan to 0.16 yuan, a 108.56% increase [1] - The company’s total liabilities decreased by 17.29%, from 4.909 billion yuan to 4.060 billion yuan [1] Operational Strategies - The company plans to enhance cost control through technical improvements in main models, focusing on large-scale and lightweight designs to increase gross margins [3] - Efforts will be made to reduce expenses and improve cash collection management to mitigate operational losses [3] - The company aims to optimize costs in core components such as drive chains and blades through technological advancements [3]

Group 1: AI Medical - Ping An Good Doctor's stock surged by 6.99% on August 26, with its price doubling in the past month. The company reported an AI product system "7+N+1" with an accuracy rate of approximately 98% for AI-assisted consultations and nearly 80% for complex disease treatment plans [4] - The average service cost for family doctors decreased by about 52% due to AI assistance, and operational efficiency improved by around 50% [4] Group 2: Artificial Intelligence Policy - The State Council released an opinion on August 26 to implement the "Artificial Intelligence+" initiative, aiming for over 70% application penetration of new intelligent terminals and agents by 2027, and over 90% by 2030 [5] - The initiative includes building national AI application pilot bases and promoting the transformation of software and information service companies [5] Group 3: 5.5G Development - The Ministry of Industry and Information Technology is expected to issue the second batch of millimeter-wave private network frequency licenses, with more companies anticipated to receive licenses by the end of the year [6] - This issuance indicates the maturity of the domestic millimeter-wave 5G industry chain and is expected to initiate a wave of innovation in the sector [7] Group 4: Gaming Industry - The National Press and Publication Administration approved 173 games in August 2025, setting a new record for the year, including 166 domestic and 7 imported games [9] - The gaming market is projected to maintain long-term optimistic growth, with the 3A game market expected to reach 13.3 billion yuan in 2025 and 16.9 billion yuan in 2026, with a CAGR of 35% anticipated from 2027 to 2028 [9] Group 5: Company Earnings - Cambrian reported a net profit of 1.038 billion yuan in the first half of 2025, compared to a loss of 530 million yuan in the same period last year [12] - North Rare Earth's net profit surged by 1951.52% year-on-year to 931 million yuan in the first half of 2025 [12] - Light Media's net profit increased by 371.55% year-on-year to 2.229 billion yuan in the first half of 2025 [12]

Group 1: Zijin Mining - The company reported a revenue of 167.71 billion yuan for the first half of 2025, representing a year-on-year growth of 11.50% [1] - The net profit attributable to shareholders was 23.29 billion yuan, showing a significant year-on-year increase of 54.41% [1] - The overall gross margin was 23.75%, an increase of 4.60 percentage points compared to the previous year, with the gross margin for mineral products at 60.23%, up by 2.93 percentage points [1] Group 2: Electric Wind Power - The company achieved a revenue of 2.664 billion yuan in the first half of 2025, marking a substantial year-on-year growth of 118.61% [2] - The net loss was 279 million yuan, which represents a reduction in losses compared to the previous year [2] - The revenue growth was primarily driven by a significant increase in sales orders for wind turbine products from the previous year [2] Group 3: Hanrui Cobalt - The company reported a revenue of 3.168 billion yuan for the first half of 2025, reflecting a year-on-year growth of 23.77% [3] - The net profit attributable to shareholders was 127 million yuan, showing a remarkable year-on-year increase of 102.94% [3] - The growth in performance was mainly due to the expansion of copper and cobalt production capacity and an increase in sales volume, along with a rebound in the value of shares in its associate company, Funeng Technology [3]

Core Viewpoint - The company reported significant revenue growth in its 2025 semi-annual report, indicating a strong performance driven by increased sales orders for wind turbine products [1] Financial Performance - The company's operating revenue reached 2.664 billion yuan, representing a year-on-year increase of 118.61% [1] - The net loss attributable to shareholders narrowed to 279 million yuan compared to the previous year [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 297 million yuan, also showing a reduction year-on-year [1] - The basic loss per share was 0.21 yuan [1] Sales Performance - The substantial increase in operating revenue was primarily due to a significant rise in the sales order volume of new wind turbine products compared to the previous year, leading to a corresponding large increase in wind turbine sales revenue [1]

Meeting Overview - The Supervisory Board of Shanghai Electric Wind Power Group Co., Ltd. held its 14th meeting on August 26, 2025, with 2 out of 3 supervisors present, and the meeting was conducted in accordance with legal and regulatory requirements [1] Resolutions Passed - The Supervisory Board unanimously approved the proposal for asset impairment provision, with a voting result of 3 in favor, 0 abstentions, and 0 against [1] - The Supervisory Board unanimously approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's actual situation without any false statements or omissions, with a voting result of 3 in favor, 0 abstentions, and 0 against [2] - The Supervisory Board unanimously approved the special report on the storage and use of raised funds for the first half of 2025, confirming compliance with relevant laws and regulations, with a voting result of 3 in favor, 0 abstentions, and 0 against [2] - The Supervisory Board unanimously approved the risk continuous assessment report regarding Shanghai Electric Group Financial Co., Ltd., stating that the report objectively reflects the financial company's operational qualifications and risk status, with a voting result of 3 in favor, 0 abstentions, and 0 against [3] - The Supervisory Board unanimously approved the report on internal audit and internal control supervision for the first half of 2025, with a voting result of 3 in favor, 0 abstentions, and 0 against [3]

Core Viewpoint - The company demonstrates strong resilience and strategic positioning in a complex wind power industry environment, achieving significant revenue growth while reducing net losses in the first half of 2025 [1] Group 1: Financial Performance - The company reported a revenue of 2.664 billion yuan, representing a year-on-year increase of 118.6% [1] - The net profit attributable to shareholders was -279 million yuan, a reduction in losses by 108 million yuan compared to the previous year [1] Group 2: Market Dynamics - The wind power industry is experiencing a critical transformation period characterized by demand release and ongoing competition, with national installed wind power capacity reaching 570 million kilowatts, a year-on-year increase of 22.7% [1] - The company secured new orders totaling 5,386.95 MW, a year-on-year increase of 68.5%, with total orders on hand reaching 20,126.25 MW, up 74.8% from the previous year [2] Group 3: International Expansion - The overseas market has become a significant highlight for the company, contributing to revenue growth, with successful projects in Vietnam and Bosnia, and partnerships in the Middle East enhancing its international competitiveness [3] - The company is focusing on high-end and differentiated development strategies, optimizing product development and local operations to capture emerging market opportunities [3] Group 4: Quality and Service Commitment - The company adheres to a "return to the essence" philosophy, emphasizing high-quality products and services to strengthen competitive barriers, with a focus on reliability and cost leadership [4] - The company has established a full-cycle service model aiming for zero faults, complaints, and losses during the project lifecycle, enhancing customer confidence [4] Group 5: Industry Outlook - The wind power industry is entering a new phase of high-quality development driven by quality and efficiency, with strong growth in demand and a favorable market environment for order acquisition [6][7] - The company is well-positioned to leverage its technological and market advantages, along with its quality-driven competitive barriers, to achieve further high-quality development in the future [7]

证券代码：688660 证券简称：电气风电 公告编号：2025-029 上海电气风电集团股份有限公司 股东会2025年第一次临时会议决议公告 本公司董事会及全体董事保证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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 8 月 26 日 （二） 股东会召开的地点：上海市徐汇区漕宝路 115 号公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 547 | | --- | --- | | 普通股股东人数 | 547 | | 2、出席会议的股东所持有的表决权数量 | 835,481,861 | | 普通股股东所持有表决权数量 | 835,481,861 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 62.6611 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 62.6611 | （四） 表决方式是否符 ...

证券代码：688660 证券简称：电气风电 公告编号：2025-028 二、监事会会议审议情况 会议经审议作出如下决议： （一）审议并一致通过《计提资产减值准备的议案》 表决结果：同意 3 票，弃权 0 票，反对 0 票。 以 上 事 项 的 具 体 内 容 详 见 董 事 会 同 日 披 露 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的《计提资产减值准备的公告》（公告编号：2025-026）。 （二）审议并一致通过《2025 年半年度报告及其摘要》，监事会对公司 2025 年半年度报告及其摘要审核后认为：公司 2025 年半年度报告及其摘要的编制和 审议程序符合有关法律法规的规定。报告及其摘要内容真实、准确、完整地反映 了公司的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 上海电气风电集团股份有限公司 第二届监事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、 监事会会议召开情况 公司监事会于 2025 年 08 月 15 日向全体监事以邮件方式发出会议通 ...