证券代码：002028 证券简称：思源电气 公告编号：2025-021 思源电气股份有限公司 关于回购股份事项前十名股东和前十名无限售条件股东 持股情况的公告 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。 思源电气股份有限公司（下称"公司"）于 2025年5月15日召开的第八届董事会第二十 次会议上审议通过了《关于回购公司股份方案的决议》，具体内容详见公司于 2025 年 5 月 17日在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》。 1 / 2 | 9 | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 7,228,966 | 0.93% | | --- | --- | --- | --- | | 10 | 中国工商银行股份有限公司－华夏沪深300交易型开 | 5,884,368 | 0.76% | | | 放式指数证券投资基金 | | | 二、 前十名无限售条件股东持股情况 | 序号 | 股东名称 | 持股数量（股） | 占无限售条件股 | | --- | --- | --- | ...

Group 1: Financial Performance - In 2024, the company achieved operating revenue of 15.458 billion yuan, a year-on-year increase of 24.06%, and a net profit attributable to shareholders of 2.049 billion yuan, up 31.42% year-on-year [1] - For Q1 2025, the company reported operating revenue of 3.227 billion yuan, a year-on-year increase of 21.41%, and a net profit of 446 million yuan, reflecting a year-on-year growth of 22.91% [1] - The company exceeded its annual operational targets for 2024, with actual new orders of 21.457 billion yuan, a year-on-year increase of 29.94%, surpassing the target by 4% [1] Group 2: Market Strategy - The company is focusing on deepening its presence in the domestic market while accelerating breakthroughs in overseas markets, achieving domestic operating revenue of 12.336 billion yuan in 2024, a year-on-year increase of 19.74% [2] - The overseas market saw significant growth, with operating revenue of 3.122 billion yuan in 2024, representing a year-on-year increase of 44.67% [2] - The company has successfully developed multiple products in international markets, including the UK, Italy, Saudi Arabia, and Kuwait, and has achieved various product certifications [2] Group 3: Research and Development - The company invested 1.11 billion yuan in R&D in 2024, a year-on-year increase of 21.07%, accounting for 7.18% of operating revenue [2] - New product developments, such as supercapacitors, are expected to contribute to future growth, with significant progress in automotive power supply projects and applications in power systems [2] Group 4: Profit Forecast and Valuation - The company has raised its profit forecast, expecting operating revenues of 18.817 billion yuan, 22.894 billion yuan, and 27.538 billion yuan for 2025-2027, with year-on-year growth rates of 21.7% for each year [3] - Projected net profits for 2025-2027 are 2.631 billion yuan, 3.288 billion yuan, and 4.096 billion yuan, with year-on-year growth rates of 28.4%, 25.0%, and 24.6% respectively [3] - The expected EPS for 2025-2027 is 3.38 yuan, 4.22 yuan, and 5.26 yuan per share, with corresponding PE ratios of 23, 18, and 15 times [3]

Core Viewpoint - The company, Siyuan Electric (002028.SZ), announced a share buyback plan of no less than 300 million yuan and no more than 500 million yuan, signaling confidence in its future development [2][5]. Group 1: Share Buyback Details - The buyback will utilize self-owned funds and aims to reduce registered capital by canceling the repurchased shares [4]. - This marks the first time Siyuan Electric has repurchased shares since its IPO in 2004, with a cumulative stock price increase of over 77 times since then [2][6]. - The buyback price will not exceed 109.45 yuan per share, with an estimated repurchase quantity ranging from approximately 274,100 shares (0.35% of total shares) to 456,830 shares (0.58% of total shares) [4][7]. Group 2: Financial Performance - Siyuan Electric's net profit attributable to shareholders has grown from 295 million yuan in 2018 to 2.049 billion yuan in 2024, nearly a sixfold increase over six years [8][10]. - The company reported a revenue of 15.458 billion yuan and a net profit of 2.049 billion yuan in 2024, reflecting a year-on-year growth of 24.06% and 31.42%, respectively [10]. - In the first quarter of this year, the company achieved revenues of 3.227 billion yuan and a net profit of 446 million yuan, with year-on-year growth rates of 21.41% and 22.91% [11]. Group 3: Company Overview and Innovation - Founded in December 1993, Siyuan Electric specializes in power technology research and development, equipment manufacturing, and engineering services, focusing on the power distribution and transmission industry [9]. - The company has invested significantly in R&D, with expenditures increasing from 556 million yuan in 2021 to 1.11 billion yuan in 2024, totaling 3.256 billion yuan over four years [10]. - Siyuan Electric holds 897 authorized patents, including 327 invention patents, and emphasizes continuous investment in technology and human capital to maintain its competitive edge [10].

Group 1 - Folaite intends to reduce shareholdings by four shareholders due to personal financial needs, with a total reduction of up to 800,000 shares, accounting for 0.6% of the company's total shares [1] - Siyi Electric plans to repurchase shares worth between RMB 300 million and RMB 500 million to reduce registered capital, with a maximum repurchase price of RMB 109.45 per share, potentially affecting 274,100 to 456,830 shares, or 0.35% to 0.58% of total equity [2] - Jiejia Weichuang's controlling shareholder and associated parties plan to reduce holdings by up to 173,400 shares and 617,100 shares through various methods, primarily due to personal financial needs, with a total reduction of up to 0.78% of total shares [3] Group 2 - The share reduction by Folaite may have a short-term impact on the market despite the small percentage [1] - The repurchase by Siyi Electric reflects confidence in the company's value and aims to enhance shareholder equity [2] - Jiejia Weichuang's share reduction is not expected to significantly impact the company's long-term development, but may influence the market in the short term [3]

证券代码：002028 证券简称：思源电气 思源电气股份有限公司 Sieyuan Electric Co., Ltd. 2024 年度股东大会资料 | 思源电气股份有限公司 2024 年度股东大会须知 3 | | --- | | 议案一：2024 年度董事会工作报告 4 | | 议案二：2024 年度监事会工作报告 8 | | 议案三：2024 年度财务决算报告 9 | | 议案四：2024 年度利润分配预案 14 | | 议案五：2024 年年度报告和 2024 年年度报告摘要 15 | | 议案六：关于续聘会计师事务所的议案 16 | | 议案七：关于修订《公司章程》的议案 19 | | 议案八：关于为控股子公司银行融资提供担保的议案 20 | | 议案九：关于回购公司股份的议案 21 | 思源电气股份有限公司 2024 年年度股东大会资料 思源电气股份有限公司 2024 年度股东大会须知 公司决定于 2025 年 6 月 13 日(星期五)召开 2024 年度股东大会，股东大会现场会议召开时间： 2025 年 6 月 13 日(星期五)14:00，现场会议召开地点在上海市闵行区都会路 3799 号 星河 ...

证券代码：002028 证券简称：思源电气 公告编号：2025-018 思源电气股份有限公司 关于召开2024年度股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。无董事不能保证公告内容真实、准确、完整。 思源电气股份有限公司（下称"公司"）第八届董事会第二十次会议于2025年5月15日 审议通过了《关于提请召开公司2024年度股东大会的议案》，现就召开公司2024年度股东大 会（下称"本次股东大会"）的有关事项通知如下： 一、召开会议基本情况 1、股东大会届次：2024年度股东大会 2、股东大会的召集人：公司董事会。公司第八届董事会第二十次会议决议召开2024年 度股东大会。 3、会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政法规、部门 规章、规范性文件和公司章程的相关规定。 4、会议召开的时间 （1）现场会议召开时间：2025年6月13日(星期五)14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间：2025年6月13 日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 ...

证券代码：002028 证券简称：思源电气 公告编号：2025-016 思源电气股份有限公司 关于回购公司股份方案的公告 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。 重要内容提示： 1.公司拟使用自有资金以集中竞价交易方式回购公司部分社会公众 A 股股份，用于注销减 少注册资本。本次回购资金总额不低于人民币 3 亿元（含）且不超过人民币 5 亿元（含），回 购价格上限不超过 109.45 元/股，即董事会审议通过回购股份方案决议前 30 个交易日公司股 票交易均价的 150%。按照回购金额下限、回购价格上限测算，预计可回购股份数量约为 2,740,977 股，约占公司总股本的 0.35%；按回购金额上限、回购价格上限测算，预计可回购 股份数量约为 4,568,296 股，约占公司总股本的 0.58%；具体回购股份的数量以回购期满时实 际回购的股份数量为准。回购期限自公司股东大会审议通过本次回购股份方案之日起不超过十 二个月。 根据《公司法》、《证券法》、《关于支持上市公司回购股份的意见》、《上市公司股份 回购规则》（以下简称"《回购规则》"）、《深圳证券交 ...

一、《关于为控股子公司担保的议案的决议》的独立意见 思源电气股份有限公司独立董事 关于公司第八届董事会第二十次会议相关事项的独立意见 根据中国证监会《上市公司独立董事管理办法》、《上市公司治理准则》和《公司章程》等 相关规定，作为思源电气股份有限公司（下称"公司"）的独立董事，现就公司第八届董事会第 二十会议相关事项发表独立意见如下： 本次担保事项符合有关法律、法规以及《公司章程》的规定，严格履行了担保决策程序，有 利于控股子公司开展业务，没有损害公司股东尤其是中小股东的利益，不存在与中国证监会《关 于规范上市公司与关联方资金往来及上市公司对外担保若干问题的通知》及中国证监会、中国银 监会《关于规范上市公司对外担保行为的通知》相违背的情况。同意本次担保事项并提交股东大 会审议。 独立董事：邱宇峰、赵世君、叶锋 二〇二五年五月十六日 ...

Core Viewpoint - The company plans to repurchase a portion of its publicly held A-shares using its own funds, aimed at reducing registered capital [1] Summary by Relevant Sections Repurchase Plan - The total amount for the repurchase will not be less than RMB 300 million and not exceed RMB 500 million [1] - The maximum repurchase price is set at RMB 109.45 per share [1] - The estimated number of shares to be repurchased ranges from approximately 2,740,977 shares to 4,568,296 shares, which represents about 0.35% to 0.58% of the company's total share capital [1] - The repurchase period will last no more than twelve months from the date of approval by the shareholders' meeting [1]

证券代码：002028 证券简称：思源电气 公告编号：2025-015 思源电气股份有限公司 关于向全资子公司上海思源高压划转股权的公告 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。 思源电气股份有限公司（下称"公司"或"思源电气"）第八届董事会第二十次审议通 过了《关于向全资子公司上海思源高压划转股权的议案》，现将具体事项公告如下： 一、交易概述 为更好地实现业务发展，思源电气拟将持有的全资子公司江苏思源高压开关有限公司 （以下简称"江苏思源高压"）的全部股权，按照该股权截至2024年12月31日经审计的账面 净值划转至全资子公司上海思源高压开关有限公司（以下简称"上海思源高压"），股权划 转完成后，江苏思源高压成为上海思源高压的全资子公司。 根据《深圳证券交易所股票上市规则》、《公司章程》等相关规定，本次交易事项在董 事会审批权限范围内，无需提交股东大会审议。本次股权划转不构成关联交易，亦不构成《上 市公司重大资产重组管理办法》规定的重大资产重组。本次交易实施不存在重大法律障碍。 二、划转涉及相关方的情况 1、江苏思源高压（被划转公司）的基本情况 公司名 ...