证券代码：688660 证券简称：电气风电 公告编号：2023-031 上海电气风电集团股份有限公司 关于召开股东大会 2023 年第二次临时会议的通知 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： 召开日期时间：2023 年 8 月 25 日 15 点 30 分 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。 股东大会召开日期：2023年8月25日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 （一） 股东大会类型和届次 股东大会 2023 年第二次临时会议 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大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 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 2023 年 8 月 25 日 至 2023 年 8 月 25 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 ...

上海电气风电集团股份有限公司独立董事 关于补选公司董事事项的独立意见 周 芬 张恒龙 洋 彬 根据公司章程、《董事会议事规则》和《独立董事工作制度》等 的有关规定,作为独立董事,本着认真、严谨、负责的态度和独立、 审慎、客观的立场,我们对董事会本次补选公司董事的事项进行审核 后,发表如下意见: 2023 年 08 月 09 日 经审阅本次董事会拟提名公司董事的相关资料和董事会提名委 员会的审核意见,陈术宇先生未持有公司股票,除在公司控股股东任 职以外,与公司董事、监事、高级管理人员、公司控股股东及持有公 司 5%以上股份的股东不存在关联关系。未发现陈术宇先生有法律法 规和公司章程规定的不得担任董事的情形。他的教育背景、过往的工 作经历及身体状况均具备担任相应职务的资格和能力。 我们认为:本次补选公司董事事项有利于确保董事会继续有序运 作,继任董事候选人的提名程序符合法律法规和公司章程的有关规定。 我们对本次补选公司董事事项无异议,同意董事会提名陈术宇先生作 为继任董事候选人提交股东大会选举。 (以下无正文) 1 / 2 (本页为《上海电气风电集团股份有限公司独立董事关于补选公司董 事事项的独立意见》签字页) ...

Financial Performance - The net profit attributable to shareholders for 2022 was -338,066,603.73 RMB, while the net profit for the parent company was -510,273,622.57 RMB[6]. - The cumulative undistributed profits at the end of 2022 were 359,096,391.68 RMB after deducting shareholder dividends of 153,333,341.00 RMB[6]. - The company plans not to implement any profit distribution for 2022, including cash dividends or stock dividends[6]. - The company's operating revenue for 2022 was approximately ¥12.08 billion, a decrease of 48.61% compared to ¥23.50 billion in 2021[21]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥338.07 million, down 166.68% from a profit of ¥507.02 million in 2021[21]. - The basic and diluted earnings per share for 2022 were both -¥0.25, a decline of 154.35% from ¥0.46 in 2021[22]. - The net cash flow from operating activities decreased significantly to -¥717.56 million, compared to a positive cash flow of ¥336.11 million in 2021[21]. - The company's total assets at the end of 2022 were approximately ¥30.21 billion, down 1.58% from ¥30.69 billion at the end of 2021[21]. - The decline in revenue was primarily due to the reduction of subsidies in the wind power industry and a significant drop in offshore wind turbine deliveries[24]. - The company recognized a loss of ¥675.57 million related to new product sales orders, which exceeded the previously recognized inventory impairment provisions[25]. - The weighted average return on equity decreased to -4.53%, down 12.71 percentage points from 8.18% in 2021[22]. - The company experienced a significant decline in sales collections, impacting the net cash flow from operating activities[25]. Operational Developments - The company has developed several new product platforms, including the "卓刻" platform for land-based applications and the "Petrel" platform for complex marine environments[13]. - The company launched five products on the "Zhuoke" platform and began mass delivery of the first 5MW onshore wind turbine in December 2022[36]. - The company has initiated the development of 12MW and above semi-direct drive offshore products, laying a strong foundation for expanding its offshore wind market[36]. - The company completed construction of self-owned wind farms with an installed capacity of 109.4 MW and has 530 MW under construction[40]. - The company’s self-owned wind farms generated revenue of 82.15 million yuan, a year-on-year increase of 79.22%[40]. - The company’s service business generated new orders worth 484.70 million yuan, achieving sales revenue of 293.39 million yuan[41]. - The company has established seven regional service centers, enhancing its operational and maintenance capabilities across the country[41]. - The company has made significant progress in penetrating the supply chain of core components, including the development of blade factories in Jilin and Gansu[38]. - The company primarily operates in the wind turbine assembly business, utilizing a customized order-based production model, sourcing components from qualified suppliers, and completing assembly and testing before delivery[43]. Market Position and Strategy - The company maintained a leading position in the offshore wind market, with a market share of 28.0% in newly installed capacity in 2022, ranking first in the industry[51]. - The company is focusing on expanding its service business, which includes value-added services for wind turbines and optimization of wind farm management[43]. - The company is actively involved in wind resource development, including investment and construction of wind farms, aiming to generate revenue from power generation or project transfers[43]. - The company is adapting to the competitive landscape by enhancing its technological capabilities in core areas such as blade design and control systems, which are critical for offshore wind turbine development[50]. - The company is participating in the construction of large-scale wind and solar bases, particularly in desert and remote areas, to support the national renewable energy strategy[48]. - The company is focusing on developing larger wind turbines, with R&D efforts targeting models of 8-10 MW and above, and 15 MW as a key area for future research[53]. - The company is committed to reducing the levelized cost of electricity (LCOE) for offshore wind projects, aiming for competitive returns in the market[79]. Research and Development - Research and development expenses accounted for 4.83% of operating revenue, an increase from 3.94% in 2021[22]. - The total R&D expenditure for 2022 was approximately ¥583.81 million, a decrease of 36.89% compared to ¥925.14 million in the previous year, with R&D expenditure as a percentage of revenue increasing to 4.83%[72]. - The company applied for 280 patents and obtained 253, bringing the cumulative total to 1,326 applications and 647 granted patents[70]. - The company has made significant advancements in core technologies, including digitalization and intelligent manufacturing, enhancing its competitive edge in the wind power sector[56]. - The company is committed to digital transformation and has established a toolchain for optimizing the lifecycle of wind turbines[76]. - The company aims to enhance its competitive edge through the optimization of design and technology in the wind energy sector[76]. Governance and Management - The board held 12 meetings during the reporting period, ensuring scientific decision-making on major matters such as investment and asset sales[166]. - The supervisory board convened 11 meetings to review periodic reports and provided opinions on the use and management of raised funds[167]. - The company maintains complete independence from its controlling shareholder in terms of personnel, assets, finance, and operations[169]. - The company has established a strong governance framework with independent directors and a diverse board composition[179]. - The company reported a significant leadership change with the resignation of Zhang Heping on February 18, 2022[180]. - The company has undergone organizational adjustments, impacting the roles of several key technical personnel, including the appointment of Mr. Zhu Zhiquan as Deputy Chief Engineer[183]. - The company has maintained a stable leadership team, with many members serving in their roles for several years, ensuring continuity in management[186]. Environmental Commitment - The company is committed to addressing climate change and aims to contribute to the "dual carbon" goals of peak carbon emissions by 2030 and carbon neutrality by 2060[13]. - The company is committed to environmental sustainability, employing green design and construction technologies in its wind power projects[57]. - The company is focused on creating a digital wind farm solution that supports the entire lifecycle of development, design, construction, and operation, aiming to lower the levelized cost of electricity[159].

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,386,027,011.76, representing a decrease of 69.46% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥166,562,548.23, a decline of 226.62% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥192,003,989.72, down 239.97% from the previous year[5]. - The net loss for Q1 2023 was ¥166,609,414.56, compared to a net profit of ¥131,548,545.78 in Q1 2022[19]. - The operating profit for Q1 2023 was -¥215,301,011.88, a significant decline from ¥146,811,682.45 in Q1 2022[18]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.12, compared to ¥0.10 in Q1 2022[19]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.12, compared to ¥0.13 in Q1 2022, indicating a negative shift in earnings per share[28]. Cash Flow - The net cash flow from operating activities was negative at ¥1,204,356,616.99, with no applicable year-over-year comparison[5]. - In Q1 2023, the cash inflow from operating activities was CNY 1,685,715,743.07, a significant increase from CNY 736,235,475.20 in Q1 2022, representing a growth of approximately 128.7%[21]. - The net cash outflow from operating activities was CNY -1,204,356,616.99, improving from CNY -2,589,283,747.27 in the same period last year[21]. - The total cash outflow from investing activities was CNY 687,039,618.43, compared to CNY 169,754,678.59 in Q1 2022, indicating an increase of about 304.5%[22]. - The net cash flow from financing activities was CNY 380,299,441.56, up from CNY 232,125,983.17 in Q1 2022, reflecting a growth of approximately 63.8%[22]. - The ending balance of cash and cash equivalents was CNY 2,917,426,407.24, down from CNY 3,093,340,362.10 at the end of Q1 2022[31]. - The total cash and cash equivalents decreased by CNY 1,461,244,118.55 in Q1 2023, compared to a decrease of CNY 2,693,601,378.98 in Q1 2022[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥30,561,139,324.10, a 1.17% increase from the end of the previous year[6]. - The total liabilities of the company as of March 31, 2023, were CNY 17.37 billion, compared to CNY 17.11 billion at the end of 2022[15]. - The total liabilities as of March 31, 2023, were ¥23,577,735,561.47, an increase from ¥23,057,967,466.83 at the end of 2022[16]. - The total equity attributable to shareholders was ¥6,974,003,437.30 as of March 31, 2023, down from ¥7,140,571,135.84 at the end of 2022[16]. - The total equity as of March 31, 2023, was ¥6,734,257,471.82, down from ¥6,883,975,856.61 as of December 31, 2022, representing a decrease of approximately 2.16%[25]. - The company's total liabilities as of March 31, 2023, were ¥21,277,449,202.35, down from ¥21,545,233,348.77 at the end of 2022, reflecting a decrease of approximately 1.25%[24]. Research and Development - Research and development expenses totaled ¥144,846,425.89, an increase of 20.72% year-over-year, accounting for 10.45% of operating revenue, up 7.81 percentage points[6]. - Research and development expenses for Q1 2023 were ¥144,846,425.89, compared to ¥119,989,561.51 in Q1 2022[18]. - Research and development expenses for Q1 2023 were ¥139,302,764.70, an increase from ¥114,251,166.87 in Q1 2022, showing a growth of about 22%[27]. Shareholder Information - The company reported a total of 33,510 common shareholders at the end of the reporting period[11]. - The company has a total of 13.19 million shares under lock-up conditions held by strategic investors, with 3.42 million shares lent out through securities lending[12]. Orders and Inventory - The company reported a total of 6.91 million MW in new orders during the reporting period, with 6.41 million MW of these orders being awarded but not yet contracted[13]. - The company has a total of 9.99 million MW in hand orders, with 1.19 million MW being awarded but not yet contracted[13]. - Inventory levels rose significantly to CNY 3.01 billion, up from CNY 1.80 billion, reflecting a growth of approximately 67.9%[14]. - The inventory level rose significantly to CNY 1,324,823,377.76 from CNY 763,000,982.66, indicating an increase of about 73.7%[23].

证券代码：688660 证券简称：电气风电 公告编号：2023-015 投资者可于2023年04月25日(星期二)至05月04日(星期四)16:00前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 sewc_ir@shanghai-electric.com进行提问。公司将在本次业绩说明会上对投资 者普遍关注的问题进行回答。 一、说明会类型 公司已于 2023 年 03 月 28 日在上海证券交易所网站（www.sse.com.cn）披 露 2022 年年度报告，将于 2023 年 04 月 26 日在上海证券交易所网站 （www.sse.com.cn）披露 2023 年第一季度报告。为加强与投资者沟通交流，使 投资者更加全面、深入地了解公司情况，公司将以网络文字互动的方式召开业绩 说明会，针对 2022 年年度及 2023 年第一季度的经营成果及财务指标的具体情况 与投资者进行互动交流，在信息披露允许的范围内就投资者普遍关注的问题予以 回答。 1 上海电气风电集团股份有限公司 召开 2022 年年度暨 2023 年第一季度 业绩说明会的公告 ...

Financial Performance - The net profit attributable to shareholders for 2022 was -338,066,603.73 RMB, while the net profit for the parent company was -510,273,622.57 RMB[6]. - The cumulative undistributed profits at the end of 2022 were 359,096,391.68 RMB after deducting shareholder dividends of 153,333,341.00 RMB[6]. - The company plans not to implement any profit distribution for the year, including cash dividends or stock dividends[6]. - The company's operating revenue for 2022 was approximately ¥12.08 billion, a decrease of 48.61% compared to ¥23.50 billion in 2021[21]. - The net profit attributable to shareholders was a loss of approximately ¥338.07 million, down 166.68% from a profit of ¥507.02 million in 2021[21]. - The basic and diluted earnings per share for 2022 were both -¥0.25, a decline of 154.35% from ¥0.46 in 2021[22]. - The net cash flow from operating activities was a negative ¥717.56 million, a significant decrease from a positive cash flow of ¥336.11 million in 2021[21]. - The company's total assets at the end of 2022 were approximately ¥30.21 billion, down 1.58% from ¥30.69 billion at the end of 2021[21]. - The gross profit margin for the main business was 14.21%, down 2.11 percentage points from the previous year[107]. - The company reported a significant increase in financial expenses by 201.27% due to higher interest expenses from increased loans[104]. - The company experienced a 61.76% reduction in taxes and surcharges, correlating with the decline in operating revenue[104]. - The company's main business revenue for the reporting period was CNY 11,976,632,499.27, a decrease of 48.79% compared to the previous year, with a gross margin of 14.21%, down by 2.11 percentage points[110]. Operational Challenges - The company reported a significant risk of various operational challenges, which are detailed in the management discussion and analysis section[4]. - The decline in revenue was primarily due to the reduction of subsidies in the wind power industry and a significant drop in offshore wind turbine deliveries[24]. - The company experienced a significant decline in sales collections, impacting the net cash flow from operating activities[25]. - The company faces risks related to the continuous decline in bidding prices for wind turbines, which could lead to further performance declines if product costs do not decrease correspondingly[91]. - The company is addressing potential supply chain risks by implementing strategic procurement and accelerating domestic production processes to ensure timely delivery of key components[94]. - The company is actively working on logistics solutions to manage the increasing size and weight of wind turbine components, aiming to control transportation costs and delivery risks[95]. Research and Development - The company is focused on developing new technologies, including the "卓刻" platform for land-based wind power and the "Petrel" platform for complex marine environments[13]. - Research and development expenses accounted for 4.83% of operating revenue, an increase from 3.94% in 2021[22]. - The total R&D expenditure for 2022 was approximately ¥583.81 million, a decrease of 36.89% from ¥925.14 million in the previous year, with R&D expenditure as a percentage of revenue increasing to 4.83%[72]. - The company has increased its R&D investment in core technologies, focusing on sustainable and environmentally friendly practices in wind power project development[58]. - The company has launched a new generation of digital and cloud service platforms, with an investment of ¥21,666.67 million and cumulative investment of ¥17,248.23 million, aimed at improving operational efficiency[76]. - The company is committed to ongoing investment in technology research and development to maintain its competitive edge in the rapidly evolving wind power market[92]. - The company is focusing on developing competitive offshore and onshore large megawatt wind turbines to meet market demands and future trends[88]. Market Position and Strategy - The company has a strategic goal aligned with China's "dual carbon" targets, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060[13]. - The company is actively expanding into overseas markets, focusing on regions such as South Korea, Cambodia, Vietnam, Eastern Europe, and Central Asia[39]. - The company maintains a strong position in the offshore wind market, with a market share of 28.0% in newly installed capacity from 2020 to 2022, ranking first in the industry[51]. - The company is focusing on vertical integration of the supply chain, enhancing core component capabilities while expanding service offerings in the wind power sector[154]. - The company is committed to integrating digital technologies into wind farm operations, enhancing performance and reducing costs through innovative solutions[153]. - The company is focused on expanding its market presence through strategic partnerships and potential acquisitions[166]. Governance and Management - The board of directors held 12 meetings during the reporting period to make informed decisions on major business activities[160]. - The company has revised its internal control and compliance systems to align with regulatory updates and improve governance[162]. - The company maintains independence from its controlling shareholder, ensuring no interference in daily operations[163]. - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[173]. - The company is committed to maintaining transparency and compliance with regulatory requirements as evidenced by its disclosures on the Shanghai Stock Exchange[175]. - The company reported a significant leadership change with the appointment of new executives, which may influence future strategic directions[179]. - The company is actively restructuring its management to align with its growth objectives and operational needs[180]. Product Development and Innovation - The company has launched five products on the "Zhuoke" platform and began mass delivery of the first 5MW onshore wind turbine in December 2022[36]. - The company’s offshore wind turbine models EW8.5-230 and EW11.0-208 achieved full-capacity grid connection and set world records for installation and connection[36]. - The company has developed a digital design platform for blades, integrating standardized airfoil and material databases, enhancing design efficiency and reliability[68]. - The company is developing new wind turbine models with longer blades and higher capacity to meet the demands of the Chinese wind power market[155]. - The company is focusing on developing wind turbines with capacities of 8-10 MW and above, with 15 MW being a key research focus for offshore wind turbines[53]. - The company has successfully bid for the world's first floating offshore wind power and fishery integration equipment research and demonstration project, with the first floating wind turbine produced in December 2022[66]. Financial Management - The company confirmed government subsidies of ¥55.38 million and ¥160.17 million for the previous and current years, respectively, which significantly impacts non-operating income[97]. - The company recorded a credit impairment loss of -¥70,270,191.79, which accounted for 15.67% of total profit[124]. - The company’s long-term borrowings rose by 266.63% to ¥1,884,915,323.35 due to increased funding needs for wind farm projects[127]. - The company issued a 3-year medium-term note of ¥750 million in the interbank market, marking a new addition to its payable bonds[127]. - The company plans to register and issue corporate bonds in 2023 as part of its ongoing financing strategy[166].

Group 1: Market Conditions and Pricing Strategy - The company acknowledges a shift from price parity to lower pricing in the land wind market due to intense competition and the complete withdrawal of national subsidies [1] - The offshore wind power installation peak has led to a rapid decline in prices, with uncertainty about whether the bottom has been reached [1] - The company aims to maintain a relatively stable gross profit margin through various cost-reduction strategies while considering owner preferences and project resource endowments in its differentiated pricing strategy [1] Group 2: Cost Reduction Strategies - The company continues to focus on large capacity, precision, and customization in product development, utilizing a shared product platform to reduce overall machine costs [1] - In logistics management, the company promotes a logistics manager contracting system and enhances outsourced logistics management through digital means for efficient route planning and quick inventory turnover [1] - Manufacturing efficiency is being improved by standardizing construction across manufacturing bases, increasing per capita efficiency, and reducing operational costs [1] Group 3: Component Development and Collaboration - The company is involving suppliers in joint design from the component development stage for key parts like blades, gearboxes, and generators to reduce costs from the design source [1] - Efforts are being made to optimize design processes to lower manufacturing costs for suppliers and enhance the utilization of raw materials [1]

证券代码：688660 证券简称：电气风电 编号：2022-005 上海电气风电集团股份有限公司 2022 年 4 月投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|----------------------------------------------------------------------------------------------------------------------------------|---------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：688660 证券简称：电气风电 编号：2022-006 上海电气风电集团股份有限公司 2022 年 6 月投资者关系活动记录表 | --- | --- | --- | --- | --- | |-------------------------|-------------------------|-------------------------------------------------------------|-------------|--------------------------------------------------------------| | | □特定对象调研 | | □分析师会议 | | | 投资者关系 | | √媒体采访 □业绩说明会 | | | | 活动类别 | | □新闻发布会 □路演活动 | | | | | | □现场参观 □其他 | | | | 参与单位名称及 人员姓名 | | 每日经济新闻 朱成祥 | | | | 时间 | 2022 年 6 月 29 | 日下午 | 16:00-17:00 | | | 形式 | 电话会议 | | | | | | 董事 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,524,974,464.43, representing a decrease of 78.96% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was -¥129,882,095.15, a decline of 198.46% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥141,089,069.02, down 225.03% compared to the previous year[4]. - The basic earnings per share for Q3 2022 was -¥0.10, reflecting a decrease of 200.00% year-on-year[6]. - Total operating revenue for the first three quarters of 2022 was ¥6,702,499,841.22, a decrease of 65.6% compared to ¥19,502,163,106.26 in the same period of 2021[27]. - The company reported a net loss of ¥35,645,858.91 for the first three quarters of 2022, compared to a profit of ¥577,614,956.85 in the same period of 2021[27]. - The net profit for the first three quarters of 2022 was approximately ¥10.86 million, a significant decrease of 97.75% compared to ¥483.39 million in the same period of 2021[28]. - The total comprehensive income for the first three quarters of 2022 was approximately ¥9.84 million, down from ¥483.46 million in the same period of 2021[28]. Research and Development - The total R&D investment for Q3 2022 was ¥161,963,374.68, a reduction of 48.61% compared to the same period last year[6]. - R&D investment accounted for 10.62% of operating revenue, an increase of 6.27 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2022 were ¥439,372,533.50, down from ¥649,296,116.06 in 2021, suggesting a potential shift in focus or cost-cutting measures[27]. - Research and development expenses for the first three quarters of 2022 were ¥432.46 million, down 32.4% from ¥639.78 million in the same period of 2021[39]. - The company has not disclosed any significant new product or technology developments during the reporting period[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥27,248,686,044.31, down 11.22% from the end of the previous year[6]. - As of September 30, 2022, the company's total current assets amounted to RMB 16,529,342,775, a decrease of approximately 19.6% from RMB 20,572,530,873.84 at the end of 2021[23]. - The company's long-term equity investments decreased from RMB 433,030,300.37 to RMB 331,943,080.54, a decline of approximately 23.4%[23]. - Total assets decreased from ¥29.54 billion on December 31, 2021, to ¥24.72 billion on September 30, 2022, representing a decline of approximately 16.5%[36]. - Total liabilities decreased from ¥22.01 billion to ¥17.29 billion, a reduction of about 21.3%[36]. Cash Flow - Cash flow from operating activities for the first three quarters of 2022 was negative at approximately -¥4.60 billion, compared to -¥3.82 billion in the same period of 2021[30]. - Cash inflow from operating activities totaled approximately ¥5.44 billion in 2022, a decrease of 59.6% from ¥13.45 billion in 2021[30]. - Cash outflow from operating activities was approximately ¥10.04 billion in 2022, down from ¥17.27 billion in 2021[30]. - The net cash flow from operating activities was -¥4,374,438,761.18 for the first three quarters of 2022, worsening from -¥3,662,789,776.88 in 2021[42]. - The net cash flow from investing activities was -¥2,112,362,732.96 in 2022, compared to -¥443,933,059.69 in 2021, indicating a significant increase in cash outflow[42]. Market and Strategic Initiatives - The company plans to actively expand the market and reduce costs to achieve its annual operational goals[7]. - The decline in performance is attributed to a decrease in offshore wind power installations and delays in order deliveries[7]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the earnings call[27]. - The company received government subsidies totaling ¥7,663,190.50 during the reporting period[9]. Shareholder Information - The top shareholder, Shanghai Electric Group Co., Ltd., holds 792,000,000 shares, representing 59.4% of the total shares[15]. - The company reported that 8,000,000 shares held by Shanghai Electric Investment Co., Ltd. are subject to judicial freezing[15].