上海电气风电集团股份有限公司 2024 年年度股东会 会议资料 2025 年 05 月 23 日 上海电气风电集团股份有限公司 2024 年年度股东会-会议资料 证券代码：688660 证券简称：电气风电 上海电气风电集团股份有限公司 2024 年年度股东会-会议资料 目 录 | 2024 | 年年度股东会议程 2 | | --- | --- | | 2024 | 年度董事会工作报告 3 | | 独立董事（周芬）2024 | 年度述职报告 14 | | 独立董事（洪彬）2024 | 年度述职报告 25 | | 独立董事（蒋琰）2024 | 年度述职报告 36 | | 2024 | 年度监事会工作报告 47 | | 2024 | 年度利润分配预案 52 | | 关于未弥补亏损达到实收股本总额三分之一的议案 | 53 | | 2024 | 年年度报告及其摘要 56 | | 2024 | 年度董事薪酬方案 57 | | 续聘 2025 | 年度财务审计机构和内部控制审计机构的议案 59 | | 为公司及董事、监事和高级管理人员购买责任保险的议案 | 61 | 1 上海电气风电集团股份有限公司 2024 年年度股东会 ...

Group 1: Wind Power Industry - The wind power industry in China is experiencing a recovery in performance from Q4 2024 to Q1 2025, with some companies exceeding expectations [3] - In 2024, 23 A-share wind power companies reported a total revenue of 225.15 billion yuan and a net profit of 13.24 billion yuan, showing a revenue increase of 4.39% but a net profit decline of 12.70% year-on-year [3] - In Q1 2025, these companies achieved a total revenue of 47.58 billion yuan and a net profit of 4.22 billion yuan, indicating growth compared to Q1 2024 [3] - Goldwind Technology reported a revenue of 9.47 billion yuan in Q1 2025, a 35.72% increase year-on-year, and a net profit of 568 million yuan, up 70.84% [4] - The recovery in wind turbine prices and expansion into overseas markets have positively impacted the performance of wind power manufacturers [4][6] Group 2: Solar Power Industry - The solar power industry faced significant challenges in 2024, with 110 A-share solar companies reporting a total revenue of approximately 1.38 trillion yuan, a decrease of 17.96% year-on-year, and a net profit of approximately -363 million yuan, a decline of 100.25% [8] - In Q1 2025, these companies reported a total revenue of 279.14 billion yuan, with a net profit of approximately 4.74 billion yuan, indicating a significant drop compared to Q1 2024 [8] - Major integrated solar companies like TCL Zhonghuan, Longi Green Energy, and Tongwei reported substantial losses, with net profits of -9.82 billion yuan, -8.62 billion yuan, and -7.04 billion yuan respectively [8] - Despite the overall downturn, companies involved in solar energy storage have shown resilience, with notable performances from companies like Sungrow Power and Canadian Solar [9] Group 3: Energy Storage Industry - The energy storage industry saw a decline in overall performance in 2024, with 21 A-share companies reporting a total revenue of 682.1 billion yuan, a decrease of 3.59%, and a net profit of 74.54 billion yuan, down 21.4% year-on-year [12] - In Q1 2025, these companies reported a total revenue of 158.07 billion yuan, a year-on-year increase of 12.39%, and a net profit of 21.03 billion yuan, up 34% [13] - The profitability in the energy storage sector is increasingly concentrated among leading companies like CATL and Sungrow, which have reported significant profit increases [13] - The energy storage market is undergoing transformation, with a shift in focus from domestic to overseas markets for higher profit margins [14][15]

Core Viewpoint - The renewable energy sectors, including wind power, solar energy, and energy storage, are experiencing cyclical fluctuations, with varying performance across different segments. While wind and energy storage companies are maintaining profitability, solar companies are facing significant challenges, particularly in 2024 and early 2025 [1]. Wind Power Industry - The domestic wind power industry showed a recovery from Q4 2024 to Q1 2025, with 23 A-share wind power companies achieving a total revenue of 225.15 billion yuan and a net profit of 13.24 billion yuan in 2024, reflecting a revenue growth of 4.39% but a net profit decline of 12.70% [5]. - In Q1 2025, these companies reported a revenue of 475.75 billion yuan and a net profit of 4.22 billion yuan, indicating growth compared to Q1 2024 [5]. - Goldwind Technology reported a revenue of 9.47 billion yuan in Q1 2025, a year-on-year increase of 35.72%, with a net profit of 568 million yuan, up 70.84% [6]. - The recovery in wind turbine prices and expansion into overseas markets have contributed to improved performance for wind turbine manufacturers, including previously loss-making companies [7]. Solar Energy Industry - The solar energy sector faced unprecedented challenges in 2024, with 110 A-share solar companies reporting a total revenue of approximately 1.38 trillion yuan, a year-on-year decrease of 17.96%, and a net profit of approximately -3.63 billion yuan, down 100.25% [9]. - In Q1 2025, these companies reported a total revenue of 279.14 billion yuan, with a net profit of approximately 47.44 billion yuan, indicating a significant decline compared to Q1 2024 [9]. - A total of 46 A-share solar companies reported negative net profits in 2024, with leading integrated companies like TCL Zhonghuan, Longi Green Energy, and Tongwei Co. facing the largest losses [10]. - Companies with energy storage businesses, such as Sungrow Power Supply, showed resilience, with notable profit growth driven by their storage segments [11]. Energy Storage Industry - The energy storage sector experienced a downturn in 2024 but showed signs of recovery in Q1 2025, with 21 A-share companies reporting a total revenue of 6.82 billion yuan, a decrease of 3.59%, and a net profit of 745.41 million yuan, down 21.4% [15]. - In Q1 2025, these companies achieved a total revenue of 1.58 billion yuan, a year-on-year increase of 12.39%, and a net profit of 210.33 million yuan, up 34% [15]. - The profitability in the energy storage sector is increasingly concentrated among leading companies, with firms like CATL and Sungrow Power Supply reporting significant profit increases [16]. - The Chinese market remains the largest for energy storage installations, driven by domestic policies and growing overseas demand [17].

Financial Performance - The company reported a total of 2,505.35 MW in new orders during the reporting period, representing an increase of 461.55% compared to the same period last year [4] - Cumulative orders on hand reached 18,101.65 MW, up 98.79% year-on-year, with 4,494.40 MW of these being awarded but not yet contracted [4] Asset Impairment - The company has decided to recognize an asset impairment provision totaling 12,237.38 million RMB for the first quarter of 2025, which will reduce the operating profit by 7,743.63 million RMB after considering reversals [13] - Specific provisions include 753.57 million RMB for inventory impairment due to a decline in product sales prices and fluctuations in raw material costs [9] - The company plans to add a provision of 292.27 million RMB for contract asset impairment, which will increase operating profit by 1,216.73 million RMB after considering reversals [11] Governance and Insurance - The company is proposing to purchase liability insurance for its directors, supervisors, and senior management for the period from July 1, 2025, to June 30, 2026, with a compensation limit of up to 200 million RMB [17] - The insurance premium is expected to be no more than 900,000 RMB, including VAT [17] Shareholder Meeting - The annual shareholder meeting is scheduled for May 23, 2025, with both on-site and online voting options available [23][24] - The meeting will discuss various matters, including the independent director's annual report [25]

Financial Performance - The company reported a basic earnings per share of -0.1400 yuan for Q1 2025, an improvement of 12.5% compared to -0.1600 yuan in Q1 2024 [1] - The net profit for Q1 2025 was -1.87 billion yuan, showing an 11.79% improvement from -2.12 billion yuan in Q1 2024 [1] - Operating revenue increased significantly to 7.7 billion yuan in Q1 2025, a 64.18% rise from 4.69 billion yuan in Q1 2024 [1] - The net asset return rate was -3.73% in Q1 2025, slightly worse than -3.67% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 87,891.84 million shares, accounting for 65.93% of the circulating shares, with an increase of 1,796.06 million shares compared to the previous period [2] - Shanghai Electric Group Co., Ltd. remains the largest shareholder with 81,866.66 million shares, representing 61.40% of the total share capital [3] - New entrants among the top shareholders include Wang Yueying with 2,224.89 million shares and Li Zhijun with 459.88 million shares [3] Dividend Policy - The company has announced that it will not distribute or transfer any dividends this time [4]

证券代码：688660 证券简称：电气风电 公告编号：2025-017 上海电气风电集团股份有限公司 为公司及董事、监事和高级管理人员 购买责任保险的公告 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。 为持续保障董事、监事、高级管理人员等依法履行职责，根据中国证监会《上 市公司治理准则》的相关规定，董事会提请股东会审议为公司（含子公司）及其 董事、监事、高级管理人员等（以下简称"被保险人"）继续购买自 2025 年 07 月 01 日至 2026 年 06 月 30 日期间的责任保险。本事项尚需提交公司股东会审议。 一、 责任保险方案主要内容 经向多家保险公司咨询，公司拟按以下方案向保险公司购买责任保险： （一）投保人：上海电气风电集团股份有限公司 （二）被保险人： 1、过去、现在或将来为公司（含子公司）的董事、监事、高级管理人员等 2、公司（含子公司） （三）赔偿限额：不超过 2 亿人民币 （四）保险费用：不超过 90 万人民币（包含增值税，具体以与保险公司协 商确定的数额为准） （五）保险期限：2025 年 07 月 ...

一、概述 证券代码：688660 证券简称：电气风电 公告编号：2025-015 上海电气风电集团股份有限公司 计提资产减值准备的公告 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。 为真实反映公司截至 2025 年 03 月 31 日的财务状况和 2025 年第一季度经营 情况，公司于 2025 年 04 月 25 日召开第二届董事会 2025 年度第二次临时会议以 及第二届监事会 2025 年第一次临时会议，审议通过了《计提资产减值准备的议 案》。按照企业会计准则及公司会计政策的相关规定，公司对各类资产进行了全 面的清理及逐一分析，对其中存在减值迹象的资产相应计提减值准备。具体如下： 单位：万元 | 项 | 目 | 年初余额 | 本期增加 | 本期转回 | 预亏合同 本期转入 （注②） | 本期转销 | 期末余额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1.存货跌价准备 | | 24,363.65 | 753.57 | | - 3,450.54 | 1 ...

证券代码：688660 证券简称：电气风电 公告编号：2025-018 上海电气风电集团股份有限公司 关于召开2024年年度股东会的通知 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 5 月 23 日 15 点 00 分 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2024年年度股东会 （二） 股东会召集人：董事会 召开地点：上海市徐汇区漕宝路 115 号公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 23 日 至2025 年 5 月 23 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 股东会召开日期：2025年5月23日 本 ...

证券代码：688660 证券简称：电气风电 公告编号：2025-019 上海电气风电集团股份有限公司 第二届监事会 2025 年第一次临时会议决议公告 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 04 月 18 日向全体监事以邮件方式发出会议通知，并 于 2025 年 04 月 25 日在公司会议室以现场方式召开第二届监事会 2025 年第一次 临时会议。会议应出席监事 3 人，实际亲自出席监事 2 人。丁炜刚先生因工作原 因未能亲自参加会议，委托夏骏先生出席会议并代行表决权。会议由监事夏骏先 生主持，董事会秘书石夏娟女士列席会议。本次会议的召集和召开程序符合法律 法规和公司章程、《监事会议事规则》的有关规定。 二、监事会会议审议情况 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：2025-015）。 （二）审议并一致通过《202 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥770,108,634.12, representing a 64.04% increase compared to ¥469,451,755.69 in the same period last year[3] - The net profit attributable to shareholders was -¥187,338,712.63, an improvement from -¥211,942,690.09 year-on-year[3] - The net profit for Q1 2025 was -189,504,840.13 RMB, an improvement from -212,062,060.59 RMB in Q1 2024, representing a decrease in net loss of approximately 10.6%[17] - Operating profit for Q1 2025 was -186,517,817.56 RMB, compared to -241,612,160.48 RMB in Q1 2024, indicating a reduction in operating loss of about 22.8%[17] - The total comprehensive income for Q1 2025 was -189,593,805.49 RMB, compared to -209,092,730.92 RMB in Q1 2024, reflecting an improvement of about 9.3%[17] - The basic and diluted earnings per share were both -¥0.14, showing an improvement from -¥0.16 in the same period last year[3] Cash Flow - The net cash flow from operating activities was ¥199,097,760.04, a significant recovery from -¥1,790,418,281.05 in the previous year[3] - Cash flow from operating activities for Q1 2025 was ¥243,177,234.66, a turnaround from -¥1,761,165,198.16 in Q1 2024[26] - The net increase in cash and cash equivalents for Q1 2025 was 31,875,972.91, contrasting with a decrease of 269,968,036.61 in Q1 2024[27] - The company's cash and cash equivalents were reported at ¥2,975,915,626.18 as of March 31, 2025, slightly down from ¥3,004,695,212.56 at the end of 2024[11] - Cash and cash equivalents at the end of Q1 2025 were 2,433,448,029.34, up from 1,223,148,927.30 in Q1 2024, reflecting an increase of approximately 99.0%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,989,505,096.55, up 2.69% from ¥29,205,008,726.80 at the end of the previous year[4] - The total assets as of March 31, 2025, amounted to ¥29,414,672,145.06, up from ¥29,074,487,755.40 as of December 31, 2024[23] - The company's total liabilities increased to ¥25,047,984,081.01 as of March 31, 2025, from ¥24,081,186,510.10 at the end of 2024[13] - The total liabilities increased to ¥24,867,327,156.16 as of March 31, 2025, compared to ¥24,420,243,766.13 at the end of 2024[23] - The company's equity attributable to shareholders decreased by 3.53% to ¥4,930,608,179.43 from ¥5,111,195,124.05 at the end of the previous year[4] Research and Development - Research and development (R&D) expenses totaled ¥116,354,154.90, a 35.71% increase from ¥85,737,969.71 in the same period last year, accounting for 15.11% of operating revenue[4] - Research and development expenses increased to ¥116,354,154.90 in Q1 2025, compared to ¥85,737,969.71 in Q1 2024, reflecting a growth of 35.6%[16] - Research and development expenses for Q1 2025 were ¥109,859,893.91, up from ¥83,813,128.66 in Q1 2024, reflecting a 31.1% increase[24] Orders and Backlog - The total number of new orders added during the reporting period was 2,505.35 MW, a 461.55% increase year-on-year, with a cumulative backlog of 18,101.65 MW, up 98.79% from the previous year[10] Government Support - The company received government subsidies amounting to ¥9,549,836.83, which positively impacted its financial performance[5] Other Financial Metrics - The weighted average return on equity decreased to -3.73%, down 0.06 percentage points from -3.67% in the previous year[4] - The company reported an investment income of ¥71,395,421.41 in Q1 2025, a turnaround from a loss of ¥2,283,765.23 in Q1 2024[16] - The company distributed dividends and interest payments totaling 19,992,598.81 in Q1 2025, compared to 12,759,389.85 in Q1 2024, marking an increase of approximately 56.8%[27] - The company did not apply new accounting standards or interpretations starting from 2025[27]