证券代码：002028 证券简称：思源电气 公告编号：2025-040 思源电气股份有限公司第八届监事会第十六次会议决议公告 二、监事会会议审议情况 1、以 3 票同意，0 票反对，0 票弃权，审议通过了《2025 年半年度报告》及《2025 年 半年度报告摘要》。 经审核，监事会认为董事会编制和审核的思源电气股份有限公司《2025 年半年度报告》 及《2025 年半年报摘要》的程序符合法律、行政法规及中国证监会的规定，报告内容真实、 准确、完整地反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 特此公告。 思源电气股份有限公司监事会 二〇二五年八月十五日 1 / 1 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 思源电气股份有限公司（下称"公司"）第八届监事会第十六次会议的会议通知于 2025 年 07 月 26 日分别以专人、电子邮件等形式送达公司全体监事，会议于 2025 年 08 月 14 日 在公司会议室采取了现场表决的方式召开。会议由监事会主席郑典富先生主持，会议应出席 监事 3 人，实际出席监事 3 ...

思源电气股份有限公司 2025 年半年度报告全文 思源电气股份有限公司 Sieyuan Electric Co., Ltd. 2025 年半年度报告 证券代码：002028 证券简称：思源电气 披露时间：2025 年 8 月 16 日 思源电气股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人董增平、主管会计工作负责人杨哲嵘及会计机构负责人(会计主管人员)罗福丽声明：保 证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人士 均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 本公司请投资者认真阅读本年度报告全文，并特别注意下列风险因素：可能存在政策性、市场、行 业等风险，有关风险因素内容与对策措施已在本报告中"第三节 管理层讨论与分析"部分予以描述， ...

证券代码：002028 证券简称：思源电气 公告编号：2025-039 思源电气股份有限公司第八届董事会第二十三次会议决议公告 二〇二五年八月十五日 1 / 1 二、董事会会议审议情况 以7票同意，0票反对，0票弃权，审议通过了《2025年半年度报告》及《2025年半年度 报告摘要》。 公司2025年半年度报告全文详见2025年08月16日刊登在中国证监会指定的信息披露网 站的公告，《2025年半年度报告摘要》详见刊登在《证券时报》及中国证监会指定的信息披 露网站的2025-041号公告。 特此公告。 思源电气股份有限公司董事会 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 思源电气股份有限公司（下称"公司"）第八届董事会第二十三次会议的会议通知于 2025年07月11日分别以专人、电子邮件等形式送达公司全体董事。会议于2025年08月14日 在上海采取了现场表决的方式召开。会议由董事长董增平先生主持，会议应出席董事7人， 实际出席董事7人。会议的召开符合《公司法》和《公司章程》的规定。经与会董事审议并 通过了以下决议： ...

Group 1 - The suspension of buying for Siyuan Electric due to its foreign ownership exceeding 28% reflects strong recognition of quality Chinese assets by foreign investors and indicates ongoing improvement in the A-share market ecology [1] - Companies like Siyuan Electric, Shuanghuan Transmission, and Huaming Equipment, which have been heavily bought by foreign investors, share a common trait of possessing deep competitive advantages and global competitiveness, highlighting the importance of core competitiveness for value reassessment [2] - The influx of foreign capital is a positive outcome of the deepening openness of China's capital market, enhancing the attractiveness of A-shares and improving market pricing efficiency [4] Group 2 - Investors need to enhance their "value discovery" capabilities to achieve excess returns, focusing on fundamental analysis rather than short-term speculation, as demonstrated by successful foreign investment institutions [3] - The continuous participation of foreign capital in the A-share market is expected to trigger more companies to reach the "purchase limit" threshold, marking an important sign of market maturity and increased attractiveness [4]

证券之星消息，8月12日电网设备板块较上一交易日上涨0.23%，华明装备领涨。当日上证指数报收于 3665.92，上涨0.5%。深证成指报收于11351.63，上涨0.53%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002270 | 长明美备 | 20.09 | 10.02% | 35.52万 | | 6.96(Z | | 002028 | 思源电气 | 85.00 | 6.49% | 7.89万 | | 6.55 Z | | 301120 | 新特电气 | 14.75 | 4.54% | 68.18万 | | 10.84亿 | | 002927 | 泰永长征 | 16.92 | 4.38% | - 35.06万 | | 6.06亿 | | 601567 | 三星医疗 | 24.40 | 4.18% | 35.66万 | | 8.64亿 | | 600525 | ST长园 | 3.35 | 3.72% | 35.73万 | | 1.20亿 | ...

Core Viewpoint - The article discusses the increasing interest of foreign investors in A-shares, particularly in four stocks that have reached high foreign ownership levels, leading to trading restrictions due to regulatory limits [3][10]. Group 1: Foreign Investment Trends - As of August 8, four stocks—Siyuan Electric, Shuanghuan Transmission, Huaming Equipment, and Hongfa Technology—have foreign ownership ratios exceeding 24%, with Siyuan Electric reaching 26.83% [3][5]. - Siyuan Electric's foreign ownership rose from 24.64% on July 15 to 28.07% by the end of July, prompting a temporary halt on foreign purchases due to regulatory limits [7][8]. - The surge in foreign investment is attributed to global liquidity shifts, a weakening dollar, and a return of funds to emerging markets [3][18]. Group 2: Performance of Targeted Stocks - The four highlighted stocks are industry leaders: Siyuan Electric in power transmission equipment, Huaming Equipment in transformer tap changers, Hongfa Technology in relays, and Shuanghuan Transmission in precision gear systems [10]. - For the first half of the year, Siyuan Electric reported revenues of 8.497 billion yuan and a net profit of 1.293 billion yuan, marking year-on-year increases of 37.8% and 45.71% respectively [11]. - Hongfa Technology and Huaming Equipment also reported revenue growth, with Hongfa achieving 8.347 billion yuan in revenue and a net profit of 964 million yuan, both showing over 10% growth [11]. Group 3: Foreign Shareholder Insights - Notable foreign investors include Morgan Stanley and Temasek, which have appeared in the top ten shareholders of these companies [12][13]. - As of the end of June, Abu Dhabi Investment Authority held 22.12 million shares of Hongfa Technology, representing 1.52% of the company [14]. - Hong Kong Central Clearing increased its stake in Huaming Equipment significantly, holding 156 million shares by the end of June, a 54.34% increase from the previous quarter [14]. Group 4: Broader Market Context - The article highlights that foreign investment is concentrated in sectors like new energy, semiconductors, and medical devices, which are seen as having strong growth potential and favorable valuations compared to global peers [18]. - As of June 30, major companies like China Ping An, Wuliangye, and Kweichow Moutai had over 80 foreign institutional investors each, indicating a strong preference for industry leaders among foreign capital [19].

Group 1 - Foreign investors are increasingly buying into A-shares, with some stocks nearing the 30% ownership limit, leading to temporary trading suspensions [1][3] - As of August 8, four stocks had foreign ownership exceeding 24%, including Siyuan Electric (26.83%), Shuanghuan Transmission, Huaming Equipment, and Hongfa Technology [1][3] - Siyuan Electric's foreign ownership rose from 24.64% on July 15 to 28.07% by the end of July, triggering a suspension of foreign purchases [3][4] Group 2 - The stocks attracting foreign investment are industry leaders, with Siyuan Electric being a leader in power transmission and transformation equipment, and Huaming Equipment specializing in transformer tap changers [5] - The financial performance of these companies has been strong, with Siyuan Electric reporting a 37.8% increase in revenue to 8.497 billion yuan and a 45.71% rise in net profit to 1.293 billion yuan in the first half of the year [6] - Hongfa Technology and Huaming Equipment also reported revenue growth, with Hongfa achieving 8.347 billion yuan in revenue and a net profit of 964 million yuan, both showing over 10% growth [6] Group 3 - Prominent foreign investors such as Morgan Stanley and Temasek have been identified among the top shareholders of these stocks, indicating strong foreign interest [2][8] - As of the end of June, over 80 foreign institutions held shares in major companies like China Ping An, Wuliangye, and Kweichow Moutai, reflecting a trend of foreign investment in leading firms [11] - The banking sector and state-owned enterprises have also seen significant foreign investment, with major banks like Agricultural Bank and Industrial and Commercial Bank attracting substantial foreign holdings [12][13]

Core Points - The company has approved the second exercise period of the 2023 stock option incentive plan, with the exercise conditions met [1][3] - A total of 446 eligible participants can exercise 4,168,000 stock options, representing 0.54% of the company's total share capital [2][3] - The exercise price is set at 44.50 yuan per option, with adjustments possible due to corporate actions [2][3] Summary by Sections Exercise Arrangement - The theoretical exercise period is from August 11, 2025, to June 26, 2026, and options must be exercised within this timeframe [2] - The company has selected Haitong Securities as the broker for the self-exercise process, ensuring compliance with operational requirements [2] Impact on the Company - If all options are exercised, the company's net assets will increase by 185,476,000 yuan, with total share capital rising by 4,168,000 shares [3] - The stock option plan will not significantly affect the company's equity structure or control [3] Other Information - The company will adhere to relevant laws and regulations regarding stock trading and will provide updates on the exercise status and share changes [4]

证券代码：002028 证券简称：思源电气 公告编号：2025-038 思源电气股份有限公司 关于 2023 年股票期权激励计划 第二个行权期采用自主行权模式的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 1、公司本次股票期权代码：037378，期权简称：思源 JLC3。 2、公司本次股票期权符合行权条件的激励对象共 446 人，可行权的股票期权数量共计 4,168,000 份，行权价格为 44.50 元/份。 3、根据业务办理的实际情况，本期理论可行权期限为 2025 年 8 月 11 日至 2026 年 6 月 26 日止（实际可行权日必须为交易日）。 特别提示： 4、2023 年股票期权激励计划的行权期共分四期，本次可行权期限为第二个可行权期。 5、本次可行权股票期权若全部行权，公司股份仍具备上市条件。 思源电气股份有限公司（下称"公司"），于 2025 年 7 月 8 日召开了公司第八届董事 会第二十一次会议和第八届监事会第十四次会议，审议通过了《关于 2023 年股票期权激励 计划第二个行权期行权条件成就的决议》。公司 2023 年股票 ...

Core Viewpoint - Recent data indicates that four A-shares have reached foreign ownership limits, with significant interest from foreign investors and long-term funds like social security and pension funds [2][4][11]. Group 1: Foreign Ownership Data - On August 7, 2025, the foreign ownership ratios for four stocks exceeded 24%, specifically: - Siyuan Electric at 26.77% - Shuanghuan Transmission at 24.77% - Huaming Equipment at 24.27% - Hongfa Technology at 25.28% [2][4][8]. - Siyuan Electric has had its buy orders suspended on the Shenzhen-Hong Kong Stock Connect due to its high foreign ownership [4]. Group 2: Company Performance - Siyuan Electric reported a revenue of 8.497 billion yuan for the first half of the year, marking a year-on-year increase of 37.8%, with a net profit of 1.293 billion yuan, up 45.71% [5]. - Hongfa Technology achieved a revenue of 8.347 billion yuan, reflecting a 15.43% year-on-year growth, and a net profit of 964 million yuan, which is a 14.19% increase [8]. Group 3: Investor Interest - Siyuan Electric has attracted attention from various long-term investors, including social security funds, with the National Social Security Fund's 601 portfolio being a notable shareholder [6]. - Hongfa Technology's shareholder list includes significant long-term funds, indicating strong institutional interest [8][9]. Group 4: Market Outlook - Multiple foreign institutions express optimism about the A-share market, highlighting the potential for quality investments in sectors like technology, manufacturing, and new consumption [11][12].