Group 1 - The marine economy is a strategic area for the high-quality development of Shantou City, with significant progress in marine resource development and ecological protection [1] - Shantou has built three offshore wind farms, contributing to both economic and ecological benefits, enhancing the marine economy's high-quality development in Guangdong Province and nationwide [1][4] - The offshore wind power industry has become a leading sector in Shantou's new energy landscape since its inception in 2017, with a total installed capacity of approximately 1.2 million kilowatts [4] Group 2 - The Nanao Lemmen I expansion wind farm, developed by Datang Shantou New Energy Co., has a total capacity of 354,000 kilowatts and is notable for using the largest single-unit capacity offshore wind turbines in the region [3] - The construction of the wind farm involved 50 vessels and over 800 personnel, achieving a rapid transition from installation to grid connection in just 93 days [3] - The offshore wind projects are expected to drive the development of related industries, including wind turbine manufacturing, installation, and maintenance, fostering an industrial cluster in Shantou [3][4] Group 3 - The clean energy generated by the offshore wind farms has significant environmental benefits, with the Huaneng Nanao Lemmen II wind farm saving approximately 776,000 tons of standard coal and reducing carbon dioxide emissions by about 2.33 million tons [4] - The Datang Nanao Lemmen I expansion wind farm is projected to save around 360,000 tons of standard coal and reduce carbon emissions by approximately 965,000 tons annually [4] - Shanghai Electric Wind Power Group plays a crucial role in providing high-quality wind turbine equipment for the offshore wind farms and aims to enhance collaboration with major state-owned enterprises to improve technology and project efficiency [5]

证券代码：688660 证券简称：电气风电 公告编号：2025-021 上海电气风电集团股份有限公司 关于董事会、监事会延期换届选举的公告 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。 公司第二届董事会、监事会任期将于 2025 年 05 月 31 日届满。鉴于相关换 届工作尚在筹备中，为保证公司董事会、监事会相关工作的连续性和稳定性，公 司董事会、监事会将延期换届，董事会各专门委员会、高级管理人员的任期亦相 应顺延。 在公司换届选举工作完成前，公司第二届董事会及其各专门委员会、第二届 监事会以及高级管理人员将依照《公司法》等法律法规和公司章程等的有关规定， 继续履行各自的职责和义务。 公司董事会、监事会延期换届不会影响公司的正常运营。公司将积极推进并 尽快完成相关换届选举工作，并及时履行信息披露义务。 特此公告。 上海电气风电集团股份有限公司董事会 2025 年 05 月 30 日 1 ...

Meeting Overview - The shareholders' meeting of Shanghai Electric Wind Power Group Co., Ltd. was held on May 23, 2025, at the company's conference room in Xuhui District, Shanghai [1] - A total of 321 ordinary shareholders attended the meeting, holding 839,922,616 voting rights, which represents 62.9942% of the company's total voting rights [1] Voting Results - All non-cumulative voting proposals were approved with significant majority support from ordinary shareholders, with votes in favor ranging from 99.6780% to 99.8279% [2] - Specific voting results include: - Proposal 1: 838,476,313 votes in favor (99.8278%), 1,177,032 against (0.1401%), 269,271 abstentions (0.0321%) [1] - Proposal 2: 838,477,313 votes in favor (99.8279%), 1,179,032 against (0.1404%), 266,271 abstentions (0.0317%) [1] - Proposal 3: 837,570,330 votes in favor (99.7199%), 2,023,380 against (0.2409%), 328,906 abstentions (0.0392%) [1] - Proposal 4: 837,935,640 votes in favor (99.7634%), 1,351,155 against (0.1609%), 635,821 abstentions (0.0757%) [2] Legal Compliance - The meeting was convened and conducted in accordance with legal and regulatory requirements, with the presence of qualified attendees and valid conveners [3]

本所同意将本法律意见书作为公司本次会议公告的法定文件，随公司其他公 告一并提交上海证券交易所审查并予公告。 2024 年年度股东会的法律意见书 致：上海电气风电集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受上海电气风电集团股份 有限公司（以下简称"公司"）的委托，指派本所律师出席公司 2024 年年度股东 会（以下简称"本次会议"），并根据《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》"）、《上市公司股东 会规则》（以下简称"《股东会规则》"）以及《上海电气风电集团股份有限公司 章程》（以下简称"《公司章程》"）的规定出具本法律意见书。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国（为出具本 法律意见书之目的，本法律意见书中的"中国"仅指中国大陆地区，不包括香港特 别行政区和澳门特别行政区及台湾地区）现行法律、法规及规范性文件发表法律 意见。 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海电气风电集团股份有限公司 在本法律意见书中，本所律师仅对本次会议的召集和召开程序、出席会议人 员的资格、召集人的资格 ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 28.926 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 2.885 billion yuan [1] - A total of 179 stocks saw net inflows, while 408 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 151 stocks rose while 432 stocks fell [1] - The top three stocks with the highest net inflow were Tianzhun Technology (75.176 million yuan), Hehe Information (62.752 million yuan), and Electric Wind Power (54.244 million yuan) [1][2] - The stock with the largest net outflow was SMIC, which saw a net outflow of 249 million yuan and a decline of 1.09% [1] Continuous Fund Flow Analysis - There are 36 stocks with continuous net inflows for more than three trading days, with Te Bao Biological leading at 12 consecutive days [2] - Conversely, 167 stocks experienced continuous net outflows, with Pioneer Precision seeing the longest streak at 27 days [2] Fund Inflow Rankings - The top stocks by net inflow include: - Tianzhun Technology: 75.176 million yuan, 20.35% inflow rate, 2.33% increase [2] - Hehe Information: 62.752 million yuan, 16.76% inflow rate, 2.03% increase [2] - Electric Wind Power: 54.244 million yuan, 11.98% inflow rate, 5.90% increase [2] Fund Outflow Rankings - The stocks with the largest net outflows include: - SMIC: -249 million yuan, -1.09% decrease [1] - Hengxuan Technology: -201 million yuan [1] - Aerospace Nanhu: -77.4518 million yuan [1]

Core Viewpoint - Shanghai Electric Wind Power Group Co., Ltd. is focusing on high-quality development and sustainable business operations while facing challenges in the domestic and international wind power markets. The company aims to enhance its market competitiveness and improve operational efficiency despite a decline in wind turbine sales prices, resulting in a negative net profit for the year [1][2]. Group 1: Business Performance - In 2024, the company achieved a negative net profit, with earnings per share at -0.59 yuan and a weighted average return on equity of -14.31%, although it managed to reduce losses by 486 million yuan compared to the previous year [2]. - The company has made progress in its fundraising projects, with the implementation of five fundraising investment projects and the extension of the Jiangsu Binhai Testing Base project deadline to December 31, 2025 [2][4]. Group 2: Governance and Compliance - The board of directors held nine meetings and made 51 resolutions, focusing on regular reports, director elections, and quality improvement initiatives [5]. - The independent directors actively participated in meetings and maintained communication with management to ensure compliance with regulations and protect shareholder interests [6][7]. Group 3: Future Plans - The company plans to enhance operational performance by improving core competitiveness, expanding both domestic and international markets, and increasing sales order gross margins [14]. - The board will prioritize value management and improve information disclosure quality to strengthen investor relations and enhance market recognition of the company's value [14][15]. Group 4: Investment and Asset Management - The company completed the transfer of 44,420 square meters of land for offshore wind power development to a subsidiary, with a transaction value of 19.8557 million yuan [10][24]. - The board is committed to optimizing asset allocation and ensuring that all related transactions are conducted fairly and transparently [24][25]. Group 5: Environmental, Social, and Governance (ESG) Initiatives - The company is integrating ESG principles into its strategy and operations, focusing on carbon reduction and sustainable development [15]. - The board aims to enhance ESG information disclosure and improve the company's long-term sustainability capabilities [15].

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].