董事会关于独立董事独立性情况的专项意见 根据中国证监会《上市公司独立董事管理办法》、上海证券交易所《科创板 股票上市规则》《科创板上市公司自律监管指引第1号一规范运作》等要求,上 海电气风电集团股份有限公司(以下简称"公司")董事会,就公司在任独立董 事周芬、洪彬、蒋琰的独立性情况进行评估并出具如下专项意见: 经核查独立董事周芬、洪彬、蒋琰的任职经历以及签署的《独立董事关于独 立性情况的自查报告》,上述人员及其直系亲属和主要社会关系人员未在公司担 任除独立董事以外的任何职务,也未在公司主要股东公司担任任何职务,与公司 以及主要股东之间不存在利害关系或其他可能妨碍其进行独立客观判断的关系, 符合法律法规对独立董事独立性的有关规定。 直事: 上海电气风电集团股份有限公司 刘向楠 上海电气风电集团股份有限公司董事会 2025 年 洋 杉 東融融 F 剪 乔银平 周 芬 落 陈末宇 费 史 改 ...

证券代码：688660 证券简称：电气风电 公告编号：2025-012 上海电气风电集团股份有限公司 第二届监事会第十三次会议决议公告 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 表决结果：同意 3 票，弃权 0 票，反对 0 票。 （二）审议并一致通过《计提资产减值准备及确认其他流动负债的议案》。 表决结果：同意 3 票，弃权 0 票，反对 0 票。 1 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《计提资产减值准备及确认其他流动负债的公告》（公告 编号：2025-008）。 （三）审议并一致通过《2024 年度财务决算》。 公司监事会于 2025 年 03 月 11 日向全体监事以邮件方式发出会议通知，并 于 2025 年 03 月 21 日在公司会议室以现场方式召开第二届监事会第十三次会议。 会议应出席监事 3 人，实际亲自出席监事 2 人。监事王红春女士由于工作原因未 能亲自参加会议，委托监事会主席丁炜刚先生出席会议并代行表决权。会议由监 ...

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：688660 证券简称：电气风电 公告编号：2025-006 上海电气风电集团股份有限公司 2024 年度利润分配预案的公告 一、 利润分配预案内容 经安永华明会计师事务所(特殊普通合伙)对公司按照企业会计准则编制的 2024年度财务报告审计，2024年度归属于上市公司股东的净利润为-784,78 5,400.90元，母公司净利润为-770,689,623.73元。母公司2024年度期初累计未 分配利润为-1,112,707,764.35元，期末累计未分配利润为-1,883,397,388.08 元。 2024年度利润分配预案为：拟不实施利润分配。本年度公司亦不实施资本 公积转增股本。 二、2024 年度拟不进行利润分配的情况说明 1、根据公司章程第一百六十一条第（四）项的规定，公司拟实施现金分红 时应满足的条件之一为："公司该年度实现的可分配利润(即公司弥补亏损、提取 公积金后所余的税后利润)及累计未分配利润为正值，且现金流充裕，实施现金 1 重要内容提示： 20 ...

Financial Performance - The net profit attributable to shareholders for 2024 is -784,785,400.90 CNY, with the parent company's net profit at -770,689,623.73 CNY[7]. - The accumulated undistributed profits at the beginning of 2024 were -1,112,707,764.35 CNY, and at the end of 2024, they were -1,883,397,388.08 CNY[7]. - The company plans not to implement any profit distribution for the year 2024, as approved by the board[7]. - The company's operating revenue for 2024 was approximately CNY 10.44 billion, representing a 3.20% increase compared to CNY 10.11 billion in 2023[23]. - The net profit attributable to shareholders for 2024 was a loss of approximately CNY 784.79 million, an improvement from a loss of CNY 1.27 billion in 2023[23]. - The basic earnings per share for 2024 was -CNY 0.59, compared to -CNY 0.95 in 2023[22]. - The weighted average return on equity for 2024 was -14.31%, an improvement from -19.55% in 2023[22]. - The company's total assets as of the end of 2024 were approximately CNY 29.21 billion, a 12.95% increase from CNY 25.86 billion at the end of 2023[23]. Operational Highlights - The company recorded a significant increase in new sales orders in 2024, contributing to improved cash flow from operations[25]. - New wind turbine sales orders reached 12,410.5 MW, a year-on-year increase of 243.93%, with total orders on hand amounting to 15,967 MW, up 79.99% year-on-year[37]. - The cumulative installed capacity of wind power in China reached 52.068 million kW by the end of 2024, representing a year-on-year growth of 18%[34]. - The company’s service business and spare parts orders amounted to 470.8275 million RMB, with sales revenue of 416.9336 million RMB, reflecting a growth of 6.11% year-on-year[40]. - The company has established the world's largest wind power testing platform, enhancing product reliability and supporting high-quality development in the industry[41]. Research and Development - Research and development expenses accounted for 5.97% of operating revenue in 2024, a decrease of 0.54 percentage points from 6.51% in 2023[22]. - The company achieved a total R&D investment of approximately ¥622.92 million in the reporting period, a decrease of 5.34% compared to the previous year[86]. - The company has filed for a total of 1,513 patents, with 107 granted in the reporting period, including 29 invention patents and 24 utility model patents[84]. - The company has developed the world's largest low-frequency offshore wind turbine, a 16MW model, which enhances economic efficiency and increases transmission distance[73]. - The company is focusing on deep-sea technology, with ongoing research and development of floating wind power technologies and products[83]. Market and Industry Trends - The industry is undergoing a significant transition towards green and low-carbon energy, with policies supporting the sustainable development of the wind power sector[47]. - By 2024, non-fossil energy generation capacity is expected to account for approximately 55% of total installed capacity, with wind and solar power contributing over 17% of national electricity generation[48]. - The government aims to increase the share of non-fossil energy consumption to around 25% by 2030, promoting the development of clean energy bases[50]. - The domestic wind power bidding scale reached 220,644 MW in 2024, with onshore projects accounting for 178,921 MW and offshore projects for 13,661 MW[59]. - The overseas wind power market is projected to add 70 million kW of onshore and nearly 20 million kW of offshore capacity by 2028, becoming a new growth area for domestic manufacturers[152]. Governance and Compliance - The company has established a governance system that complies with relevant laws and regulations, continuously improving internal control systems to ensure effective operation[173]. - The company’s board consists of 9 members, including 3 independent directors, ensuring a diverse and complementary composition with expertise in management, strategic research, manufacturing, marketing, finance, and investment[171]. - The company is actively enhancing its compliance awareness and has participated in training to keep abreast of the latest legal regulations, improving the professional level of its directors and supervisors[171]. - The company has maintained independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring autonomous business capabilities[174]. - The company is committed to transparency, as evidenced by its timely disclosures regarding board and management changes on the Shanghai Stock Exchange[184]. Strategic Initiatives - The company plans to enhance R&D investment and strengthen its product development system, focusing on offshore wind power with a target of producing 20-25 MW wind turbines[155]. - The company aims to develop 12-15 MW onshore wind turbines, considering various geographical and climatic factors in China[156]. - The company is committed to improving wind turbine reliability by utilizing multidisciplinary collaborative design methods and enhancing cooperation with suppliers to ensure the quality of key components[163]. - The company plans to optimize its revenue structure by increasing the proportion of orders and deliveries from offshore and overseas markets, while implementing cost control measures to maintain product profitability[167]. - The company will continue to develop wind resource projects, optimizing project development processes to enhance investment returns and support overall profitability[167].

| 名称 持有数量(万股) | | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | 例(%) | | | (万股) | | 上海电气（601727）集团股份有限公司 | 81866.66 | 61.40 | 不变 | | 香港中央结算有限公司 | 1157.22 | 0.87 | 516.65 | | 上海电气投资有限公司 | 800.00 | 0.60 | 不变 | | 陈雪云 | 448.36 | 0.34 | 新进 | | 杨本坤 | 403.63 | 0.30 | 新进 | | 张胜君 | 296.24 | 0.22 | 新进 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 291.46 | 0.22 | 新进 | | 中国工商银行股份有限公司-中证上海国企交易型开放式指 数证券投资基金 | 284.22 | 0.21 | -451.30 | | 邢志美 | 280.78 | 0.21 | 新进 | | 周志勇 | 267.21 | 0.20 | -115.00 | | 较上个报告期退出前十大股东有 | | | | | ...

Core Insights - The company reported a revenue of 10.438 billion yuan for 2024, representing a year-on-year growth of 3.2% [1] - The net profit attributable to shareholders was a loss of 0.785 billion yuan, an improvement from a loss of 1.271 billion yuan in the previous year [1] Financial Performance - The company implemented strategies to reduce product costs through large-scale product promotion, technical route adjustments, and supply chain cost reductions, leading to improved gross margins on sales orders [1] - The operating expense ratio decreased, contributing to a reduction in net losses for 2024 [1] Market Challenges - Despite cost reductions, the company faced challenges due to a continuous decline in wind turbine bidding prices, resulting in some sales order project costs decreasing at a slower rate than sales prices, which still led to losses [1]

Group 1 - The company announced that Ms. Shi Xiajuan has obtained the training certificate for the position of board secretary and will officially assume her duties as of the date of certification [1][2] - The board of directors held a meeting on January 6, 2025, where they unanimously approved the appointment of Ms. Shi Xiajuan as the board secretary [1] - Ms. Shi Xiajuan's qualifications have been recorded in the Shanghai Stock Exchange's business management system [2] Group 2 - The contact information for the board secretary has been provided, including phone number, fax, email, and address [3] - The announcement was made by the board of directors of Shanghai Electric Wind Power Group Co., Ltd. on March 18, 2025 [4]

近日，石夏娟女士参加了上海证券交易所科创板上市公司董事会秘书任职培 训，并取得了董事会秘书任职培训证明。石夏娟女士的董事会秘书任职资格已经 在上海证券交易所业务管理系统中备案。石夏娟女士自取得科创板上市公司董事 会秘书任职培训证明之日起正式履行公司董事会秘书职责。 董事会秘书联系方式如下： 联系电话：021-54961895 传真：021-34291080 电子信箱：sewc_ir@shanghai-electric.com 联系地址：上海市徐汇区漕宝路 115 号 特此公告。 上海电气风电集团股份有限公司董事会 2025 年 03 月 18 日 证券代码：688660 证券简称：电气风电 公告编号：2025-005 上海电气风电集团股份有限公司 关于公司董事会秘书取得任职培训证明 并正式履职的公告 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。 公司第二届董事会于 2025 年 01 月 06 日召开 2025 年度第一次临时会议，审 议并一致通过了《聘任公司财务总监及董事会秘书的议案》。经公司总裁提名， 董事会提名委员会审 ...

Investment Rating - The report maintains a "Recommended" rating for the electrical equipment industry [3][22]. Core Insights - In January 2025, the central enterprises' wind power project bidding totaled 6.24GW, indicating an increase in market concentration among leading companies [4][10]. - The total approved wind power projects in January 2025 reached 11.3GW, with 85 projects, including 81 onshore and 2 offshore projects [4][10]. - The average bidding price for onshore wind projects (including towers) was 2199 RMB/kW, while the average price excluding towers was 1598 RMB/kW [4][10]. Summary by Sections Industry Performance Review - The photovoltaic index decreased by 0.59% from February 10 to 14, 2025, while the CSI 300 index increased by 1.19%, indicating underperformance of the photovoltaic sector [9]. - The wind power index fell by 1.65% during the same period, with only a few stocks showing positive growth [9]. Industry Updates - The bidding scale for central enterprise wind power projects in January 2025 saw a year-on-year decline of 70.4%, attributed to the large-scale project releases in 2024 and ongoing project planning and approval processes [5][11]. - Despite the decline in bidding scale, there are emerging characteristics in market concentration, regional distribution, and pricing trends, highlighting the competitive edge of comprehensive wind turbine manufacturers [5][11]. Key Companies - Notable companies in the sector include Dongfang Cable, Dajin Heavy Industry, Jinlei Co., Sunshine Power, and CITIC Bo [5].

Financial Performance - The total operating revenue for 2024 was CNY 1,044,902.05 million, an increase of 3.31% compared to the previous year[3] - The net profit attributable to the parent company was a loss of CNY 78,745.07 million, which is a reduction in loss of CNY 48,381.94 million year-on-year[7] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was a loss of CNY 81,385.07 million, showing a reduction in loss of CNY 59,781.37 million year-on-year[6] - The basic earnings per share improved to a loss of CNY 0.59, a reduction in loss of CNY 0.36 compared to the previous year[9] Assets and Equity - The total assets at the end of the reporting period were CNY 2,920,500.87 million, reflecting a 12.95% increase from the beginning of the year[7] - The equity attributable to the parent company decreased by 12.90% to CNY 510,852.98 million[3] - The average return on equity increased to -14.34%, up by 5.20 percentage points from -19.55% in the previous year[3] Operational Challenges - The company faced challenges due to declining bidding prices for wind turbines, which affected profitability despite cost control measures[8] - The company implemented cost reduction strategies through product large-scale promotion and supply chain optimization, leading to improved gross margins on sales orders[7] Financial Data Caution - The company cautioned investors about the preliminary nature of the financial data, which has not been audited[11]