Core Viewpoint - XJ Electric (000400.SZ) announced the resignation of Mr. Li Juntao from his positions as Chairman, Director, and roles in the Board's specialized committees due to a job transfer, with his term originally set to last until the end of the ninth Board's term [1] Company Summary - Mr. Li Juntao submitted a written resignation report to the Board [1] - Following his resignation, Mr. Li will no longer hold any positions within the company [1]

证券代码：000400 证券简称：许继电气 公告编号：2026-02 二、补选董事情况 鉴于公司董事长李俊涛先生提出辞职申请，根据《公司法》《公司章程》等 相关规定，经公司控股股东中国电气装备集团有限公司推荐并经公司董事会提名 委员会审查，公司董事会同意提名季侃先生为公司第九届董事会非独立董事候选 人，任期至本届董事会届满。 上述事项尚需公司股东会审议通过。 许继电气股份有限公司 关于董事长辞职及补选董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事长辞职情况 许继电气股份有限公司（以下简称"公司"）董事会近日收到李俊涛先生提 交的书面辞职报告，因工作调动，李俊涛先生提出辞去公司董事长、董事及董事 会专门委员会相关职务（其原定任期至公司第九届董事会届满之日止）。辞去以 上职务后，李俊涛先生不再担任公司任何职务。 截止本公告日，李俊涛先生未持有公司股份，根据《公司法》及《公司章程》 等有关规定，辞职报告自送达公司董事会之日起生效。李俊涛先生已按照公司离 职管理制度进行工作交接，辞职不会影响公司正常生产经营和管理。 公司董事会对李俊涛先生在任职期 ...

许继电气股份有限公司 关于召开 2026 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 许继电气股份有限公司（以下简称"公司"）九届三十四次董事会审议通过 了《关于召开 2026 年第一次临时股东会的议案》。本次股东会会议基本事项如 下： 证券代码：000400 证券简称：许继电气 公告编号：2026-04 一、召开会议的基本情况 1. 股东会届次：2026 年第一次临时股东会 2. 股东会的召集人：公司董事会 3. 会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和 国公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》等法律、行政法规、部门规章、规范 性文件及《公司章程》的有关规定。 4. 会议召开日期、时间： （1）现场会议时间：2026 年 2 月 5 日 16:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 2 月 5 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 互联 ...

许继电气股份有限公司 二、会议审议情况 证券代码：000400 证券简称：许继电气 公告编号：2026-03 九届三十四次董事会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、会议召开情况 许继电气股份有限公司（以下简称"公司"）九届三十四次董事会于2026 年1月14日以电话和邮件方式发出会议通知，在保障董事充分表达意见的前提下， 于2026年1月20日以通讯表决方式召开，应参加表决的董事8人，实际参加表决的 董事8人。本次董事会的召开符合《公司法》《证券法》及《公司章程》的有关 规定。 2.公司 2026 年第一次董事会提名委员会决议。 特此公告。 1.会议以8票同意、0票反对、0票弃权审议通过公司《关于增补第九届董事 会非独立董事候选人的议案》； 鉴于公司董事长李俊涛先生提出辞职申请，根据《公司法》《公司章程》等 相关规定，经公司控股股东中国电气装备集团有限公司推荐并经公司董事会提名 委员会审查，公司董事会同意提名季侃先生为公司第九届董事会非独立董事候选 人，任期至本届董事会届满，增补后的公司董事会成员仍为9人。董事会中兼任 公司高级管理人 ...

Core Viewpoint - The company announced the resignation of its chairman, Li Juntao, due to job relocation, effective immediately upon submission of his resignation report [1] Group 1 - Li Juntao has submitted a written resignation report to the company's board of directors [1] - Following his resignation, Li Juntao will no longer hold any position within the company [1] - As of the date of the announcement, Li Juntao does not hold any shares in the company [1]

Core Viewpoint - The company announced the resignation of Mr. Li Juntao from his positions as Chairman, Director, and related committee roles due to a job transfer, effective immediately upon delivery of the resignation report to the board [1] Group 1 - Mr. Li Juntao no longer holds any positions within the company following his resignation [1] - The board has agreed to nominate Mr. Ji Kan as a candidate for a non-independent director in the company's ninth board, with a term lasting until the current board's term ends [1]

每经AI快讯，"A股绿色报告"项目监控到的数据显示，许继电气（000400）控股子公司许继德理施尔电 气有限公司工业X射线探伤应用项目环评审批获原则同意。该项目总投资额达100万元。该审批信息于 2025年12月29日被相关监管机构披露。 （文章来源：每日经济新闻） ...

Group 1 - XJ Electric's stock price increased by 5.34% on January 20, reaching 34.13 CNY per share, with a trading volume of 4.287 billion CNY and a turnover rate of 13.01%, resulting in a total market capitalization of 34.766 billion CNY [1] - The stock has risen for three consecutive days, with a cumulative increase of 14.81% during this period [1] - XJ Electric, established on December 26, 1996, and listed on April 18, 1997, operates in five main business areas: smart power distribution, smart electricity usage, DC transmission control protection, special energy-saving equipment, and intelligent power supply for industrial and transportation sectors [1] Group 2 - The main revenue composition of XJ Electric includes: smart power distribution systems (28.64%), smart meters (23.71%), smart medium-voltage power supply equipment (20.76%), new energy and system integration (10.79%), charging and swapping equipment and other manufacturing services (8.96%), and DC transmission systems (7.14%) [1] - Hai Fu Tong Fund has a significant holding in XJ Electric, with its Hai Fu Tong Xin Yi Mixed C Fund (519221) holding 4,900 shares, accounting for 1.09% of the fund's net value, ranking as the ninth largest holding [2] - The fund has generated a floating profit of approximately 8,477 CNY today and a total of 20,500 CNY during the three-day increase [2]

Group 1 - The core viewpoint of the news is that Xuji Electric has shown significant stock price growth and trading activity, indicating strong market interest and potential investment opportunities [1][2]. - Xuji Electric's stock price increased by 28.55% year-to-date, with a 13.97% rise over the last five trading days and a 30.02% increase over the last 60 days [1]. - The company has a market capitalization of 33.665 billion yuan and reported a trading volume of 3.122 billion yuan on January 20 [1]. Group 2 - Xuji Electric's main business segments include smart power distribution systems (28.64%), smart meters (23.71%), and smart medium-voltage power supply equipment (20.76%) [2]. - As of September 30, 2025, Xuji Electric reported a revenue of 9.454 billion yuan, a year-on-year decrease of 1.38%, while the net profit attributable to shareholders was 901 million yuan, reflecting a year-on-year increase of 0.75% [2]. - The company has distributed a total of 2.271 billion yuan in dividends since its A-share listing, with 1.112 billion yuan distributed in the last three years [3].

Investment Rating - The report maintains a strong buy rating for several key companies in the power equipment sector, including Guodian Nanrui, Siyuan Electric, and TBEA, while recommending an increase in holdings for others like Sifang Co. and China XD Electric [2][3]. Core Insights - The State Grid's planned investment of 4 trillion yuan during the 14th Five-Year Plan period represents a 40% increase compared to the previous plan, with an expected compound annual growth rate (CAGR) of 7% [1][9]. - The focus of this investment will be on green transformation, ultra-high voltage, distribution networks, energy storage, and digitalization, which is expected to significantly support the performance of related companies [1][9]. - The report highlights the increasing pressure on power consumption and the need for a new power system, emphasizing ultra-high voltage and energy storage as critical solutions to address this challenge [1][13][21]. Industry Overview - The total number of listed companies in the power equipment sector is 308, with a total market capitalization of 7,728.9 billion yuan [3]. - The absolute performance of the power equipment and new energy sector has shown significant growth, with a 63.1% increase over 12 months [5]. Key Company Analysis - Guodian Nanrui is recognized as a leader in secondary equipment with strong technology barriers and stable operations, expected to see significant growth in high-voltage and system stability businesses [26]. - Siyuan Electric has established a comprehensive product system and service network in overseas markets, with a notable increase in overseas revenue [26]. - China XD Electric benefits from increased capital expenditure in domestic main networks and ultra-high voltage projects, with a growing presence in international markets [27]. - TBEA is experiencing rapid growth in orders, particularly in the Middle East and Europe, and is expected to benefit from ongoing power construction projects [28]. - Other notable companies include XJ Electric, Pinggao Electric, and Igor, each with unique strengths and growth prospects in the evolving power equipment landscape [29][30][31].