证券代码：601727 证券简称：上海电气 公告编号：临 2025-054 上海电气集团股份有限公司 2025年第二次临时股东会决议公告 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。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 22 日 (二)股东会召开的地点：中国上海市浦东大道 2748 号上海电气培训基地报告厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 12,039 | | --- | --- | | 其中：A 股股东人数 | 12,037 | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 7,997,877,467 | | 其中：A 股股东持有股份总数 | 7,678,200,362 | | 境外上市外资股股东持有股份总数（H 股） | 319,677,105 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 51.466 ...

Core Viewpoint - Shanghai Electric's stock has shown a mixed performance in recent months, with a year-to-date increase of 3.08% and a notable rise of 14.84% over the past 60 days, indicating potential investor interest and market confidence in the company's growth prospects [2]. Financial Performance - For the first half of 2025, Shanghai Electric reported a revenue of 54.303 billion yuan, reflecting a year-on-year growth of 8.89%. The net profit attributable to shareholders was 821 million yuan, marking a significant increase of 36.40% compared to the previous year [2]. - The company has cumulatively distributed 9.973 billion yuan in dividends since its A-share listing, but there have been no dividends paid in the last three years [3]. Stock Market Activity - On September 18, Shanghai Electric's stock price rose by 2.08%, reaching 8.36 yuan per share, with a trading volume of 859 million yuan and a turnover rate of 0.83%. The total market capitalization stood at 129.915 billion yuan [1]. - The net inflow of main funds was 112 million yuan, with large orders accounting for 25.50% of purchases and 23.04% of sales, indicating active trading and interest from institutional investors [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Shanghai Electric was 704,400, a decrease of 6.70% from the previous period. The average circulating shares per person remained at zero [2]. - Among the top ten circulating shareholders, China Securities Finance Corporation held 211.2 million shares, a decrease of 20.3946 million shares, while Hong Kong Central Clearing Limited increased its holdings by 6.9912 million shares to 138 million shares [3].

Group 1 - Shanghai Electric's stock increased by 0.24% on September 17, with a trading volume of 1.422 billion yuan [1] - On the same day, the company had a financing purchase amount of 162 million yuan and a financing repayment of 152 million yuan, resulting in a net financing purchase of 9.5013 million yuan [1] - As of September 17, the total margin balance for Shanghai Electric was 2.47 billion yuan, with the financing balance accounting for 2.39% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, the number of shareholders for Shanghai Electric was 704,400, a decrease of 6.7% from the previous period [2] - For the first half of 2025, Shanghai Electric reported a revenue of 54.303 billion yuan, representing a year-on-year growth of 8.89%, and a net profit attributable to shareholders of 821 million yuan, up 36.40% year-on-year [2] - The company has cumulatively distributed 9.973 billion yuan in dividends since its A-share listing, with no dividends distributed in the last three years [2]

Core Insights - The meeting between the President of Pakistan, Asif Ali Zardari, and Shanghai Electric Group aims to promote the construction of the China-Pakistan Economic Corridor and deepen cooperation in the energy equipment sector [1] - Shanghai Electric signed a memorandum of cooperation with Pakistani enterprises to explore further comprehensive utilization of Thar coal, indicating a significant advancement in energy collaboration between the two parties [1] Company Developments - Shanghai Electric is actively engaging in international partnerships to enhance its role in the energy sector, particularly in relation to the China-Pakistan Economic Corridor [1] - The cooperation with Pakistani companies on Thar coal utilization reflects Shanghai Electric's commitment to expanding its energy solutions and capabilities in the region [1]

Group 1 - Shanghai Electric's stock price decreased by 2.08% on September 9, trading at 8.00 CNY per share, with a total market capitalization of 124.32 billion CNY [1] - The company experienced a net outflow of 127 million CNY in principal funds, with significant selling pressure observed [1] - Year-to-date, Shanghai Electric's stock has declined by 1.36%, with a 5.33% drop over the last five trading days [1] Group 2 - For the first half of 2025, Shanghai Electric reported a revenue of 54.30 billion CNY, representing a year-on-year growth of 8.89%, and a net profit of 821 million CNY, up 36.40% [2] - The company has distributed a total of 9.97 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of June 30, 2025, the number of shareholders decreased to 704,400, while the average circulating shares per person remained at zero [2][3]

Core Viewpoint - The announcement indicates that Shanghai Electric, the controlling shareholder of Electric Wind Power, plans to reduce its stake in the company by selling up to 13,333,334 shares, which represents a maximum of 1.00% of the total share capital [1] Group 1 - The share reduction will be executed through centralized bidding transactions [1] - The period for the share reduction will commence 15 trading days after the announcement and will last for three months [1]

Core Viewpoint - The company Shanghai Electric (601727) plans to reduce its stake in its subsidiary, Electric Wind Power (688660.SH), by selling up to 13,333,334 shares, which represents a maximum of 1.00% of the total share capital of the company [1] Summary by Category - **Share Reduction Plan** - Shanghai Electric intends to sell shares through centralized bidding [1] - The maximum number of shares to be sold is 13,333,334 [1] - This reduction will account for no more than 1.00% of Electric Wind Power's total share capital [1]

Core Points - Shanghai Electric's stock price closed at 8.22 yuan on September 5, 2025, down 7.33% from the previous week [1] - The company has a total market capitalization of 127.74 billion yuan, ranking 1st in the power equipment sector and 122nd among all A-shares [1] - The company plans to provide a loan guarantee of up to 90 million euros for its subsidiary, Shanghai Jiyou (Hong Kong) Investment Management Co., Ltd., with a debt ratio of 80% [1] - Shanghai Electric intends to register and issue debt financing instruments worth 10 billion yuan, with a term of no more than ten years [1][4] Company Announcements - The company will hold its second extraordinary general meeting of 2025 on September 22, 2025, to discuss two non-cumulative voting proposals [2] - The proposals include the loan guarantee for Shanghai Jiyou (Hong Kong) and the registration of debt financing instruments [2] - Shareholders can register to attend the meeting until September 17, 2025 [2] Share Capital Changes - Shanghai Electric's A-shares decreased by 39,687,456 shares due to buybacks, resulting in a total of 12,615,639,636 shares outstanding [3][4] - The total registered capital is now 15,540,121,636 yuan [3]

Group 1 - Shanghai Electric's stock price fell by 2.93% on September 4, closing at 7.96 yuan per share, with a trading volume of 2.16 billion yuan and a turnover rate of 2.13%, resulting in a total market capitalization of 123.699 billion yuan [1] - The stock has experienced a continuous decline for five consecutive days, with a cumulative drop of 11.46% during this period [1] - Shanghai Electric Group Co., Ltd. was established on March 1, 2004, and listed on December 5, 2008, with its main business involving renewable energy and environmental protection equipment, efficient clean energy equipment, industrial equipment, and modern services [1] Group 2 - Among the top ten circulating shareholders of Shanghai Electric, a fund under Huatai-PineBridge holds a significant position, with the China Securities Shanghai State-Owned Enterprise ETF (510810) newly entering the top ten in the second quarter, holding 42.0443 million shares, accounting for 0.27% of circulating shares [2] - The ETF has incurred a floating loss of approximately 10.0906 million yuan today, with a total floating loss of 43.3056 million yuan over the five-day decline [2] - The China Securities Shanghai State-Owned Enterprise ETF (510810) was established on July 28, 2016, with a latest scale of 7.942 billion yuan, and has achieved a return of 5.51% this year, ranking 3825 out of 4222 in its category [2] Group 3 - The Huatai-PineBridge fund has a significant position in Shanghai Electric, having increased its holdings by 8.4065 million shares in the second quarter, bringing its total to 42.0443 million shares, which represents 3.91% of the fund's net value [3] - The fund has also faced a floating loss of approximately 10.0906 million yuan today, with a total floating loss of 43.3056 million yuan during the five-day decline [3]

Core Insights - China Eastern Airlines and Shanghai Electric held discussions to deepen cooperation and promote green collaborative development [1] - China Eastern Airlines aims to leverage its market application advantages to integrate with Shanghai Electric's technological capabilities for the commercialization of green fuels in aviation [1] - Shanghai Electric has developed core technologies and key equipment for green hydrogen-based fuels, providing clean and sustainable fuel supply solutions for the aviation industry [1] Company Collaboration - The meeting was attended by Wang Zhiqing, Chairman of China Eastern Airlines, and Wu Lei, Chairman of Shanghai Electric [1] - Both companies expressed a desire to enhance communication and collaboration, focusing on technological innovation to drive high-quality development in the aviation sector [1]