上海电气集团股份有限公司 关于 2025 年上半年对上海电气集团财务有限 责任公司的风险持续评估报告 根据《上海证券交易所上市公司自律监管指引第 5 号——交易与 关联交易》的规定，上海电气集团股份有限公司（以下简称"公司"） 结合上海电气集团财务有限责任公司（以下简称"财务公司"）提供的 《金融许可证》、《营业执照》等有关证件资料，并审阅包括资产负债 表、利润表、现金流量表等在内的财务公司的定期财务报告，对财务 公司的经营资质、业务和风险状况进行了评估。具体情况报告如下： 一、财务公司基本情况 名称：上海电气集团财务有限责任公司 法定代表人：冯淳林 注册资本：人民币 30 亿元 股东结构（截至 2025 年 6 月 30 日）： | | 股东名称 | 持股比例 | | --- | --- | --- | | 1 | 上海电气集团股份有限公司 | 74.625% | | 2 | 上海电气香港有限公司 | 8% | | 3 | 上海电气控股集团有限公司 | 5% | | 4 | 上海电气集团香港有限公司（注） | 4.75% | | 5 | 上海机电股份有限公司 | 2.625% | | 6 | 上海汽轮机厂有 ...

证券代码：601727 证券简称：上海电气 编号：临 2025-050 上海电气集团股份有限公司 关于计提减值准备的公告 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。 2025 年 8 月 29 日，上海电气集团股份有限公司（以下简称"公 司"或"本公司"）董事会五届一百一十四次会议审议通过《关于公 司 2025 年上半年计提减值准备的议案》，具体情况如下： 一、计提减值准备情况概述 为客观、公允地反映公司 2025 年上半年财务状况和经营状况， 按照《企业会计准则》的相关规定，公司对截至 2025 年 6 月 30 日的 各类资产进行了减值测试，对存在减值迹象的资产计提减值准备。公 司 2025 年上半年对信用减值损失计提金额人民币 114,540 万元，转 回金额人民币 36,514 万元；对资产减值准备计提损失金额人民币 40,059 万元，转回金额人民币 23,665 万元。综上，公司 2025 年上半 年计提减值准备对公司本期税前利润影响净额为减少人民币 94,420 万元。 二、计提减值准备相关说明 1、信用减值 ...

Group 1 - The core viewpoint of the news is that Shanghai Electric has experienced fluctuations in its stock price and trading volume, with a recent decline of 2.00% on August 29, 2023, and a total market capitalization of 136.91 billion yuan [1] - As of March 31, 2025, Shanghai Electric reported a revenue of 22.245 billion yuan, representing a year-on-year growth of 8.06%, and a net profit attributable to shareholders of 292 million yuan, showing a significant increase of 813.18% [2] - The company has a diverse revenue structure, with 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1] Group 2 - Shanghai Electric has cumulatively distributed 9.973 billion yuan in dividends since its A-share listing, but has not paid any dividends in the last three years [3] - As of March 31, 2025, the number of shareholders decreased by 6.38% to 754,900, with the average circulating shares per person remaining at 0 [2][3] - The company is categorized under the power equipment industry, specifically in the comprehensive power equipment sector, and is involved in various concept sectors including solar thermal power generation and new energy vehicles [1]

Group 1 - On August 28, Shanghai Electric executed a block trade of 4.5 million shares, with a transaction value of 36.9 million yuan, accounting for 1.01% of the total trading volume for the day [1] - The transaction price was 8.2 yuan, which represents an 8.79% discount compared to the market closing price of 8.99 yuan [1][2] - The block trade involved multiple brokerage firms, including China Merchants Securities and Guoyuan Securities [2]

Core Viewpoint - Shanghai Electric has shown significant stock performance and financial growth, with a notable increase in revenue and net profit, indicating strong operational performance and market interest [1][2]. Financial Performance - As of March 31, Shanghai Electric reported a revenue of 22.245 billion yuan, representing a year-on-year growth of 8.06% [2]. - The net profit attributable to shareholders reached 292 million yuan, marking an impressive year-on-year increase of 813.18% [2]. - Cumulative cash dividends since the A-share listing amount to 9.973 billion yuan, with no dividends distributed in the past three years [2]. Stock Market Activity - On August 28, Shanghai Electric's stock price increased by 2.07%, reaching 8.88 yuan per share, with a trading volume of 450 million yuan and a turnover rate of 0.41% [1]. - The total market capitalization of Shanghai Electric is approximately 137.996 billion yuan [1]. - Year-to-date, the stock price has risen by 9.49%, with a 4.35% increase over the last five trading days, 14.14% over the last 20 days, and 19.35% over the last 60 days [1]. Shareholder Information - As of March 31, the number of shareholders for Shanghai Electric is 754,900, a decrease of 6.38% from the previous period [2]. - The average circulating shares per person remain at 0 shares, unchanged from the previous period [2]. - The seventh largest circulating shareholder is Hong Kong Central Clearing Limited, holding 131 million shares, which is a decrease of 16.055 million shares from the previous period [2]. Business Overview - Shanghai Electric, established on March 1, 2004, and listed on December 5, 2008, operates in sectors including renewable energy and environmental equipment, efficient clean energy equipment, industrial equipment, and modern services [1]. - The company's revenue composition includes 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1]. - Shanghai Electric is categorized under the power equipment industry, specifically as a comprehensive power equipment manufacturer [1].

Core Insights - The company Bojun Technology (300926) announced a framework cooperation agreement with Shanghai Electric Automation Group (601727) on August 19, 2025, focusing on customized technology development and application of intelligent robots in the automotive parts manufacturing sector [1] Company Summary - Bojun Technology is actively engaging in a partnership with Shanghai Electric Automation Group to enhance its capabilities in the automotive parts manufacturing industry through the development of intelligent robotics [1] - The project is currently progressing as planned, indicating effective project management and execution [1]

国浩律师（上海）事务所 法律意见书 本所依据本法律意见书出具日之前已经发生或存在的事实及中国（为出具本 法律意见书之目的，本法律意见书中的"中国"仅指中国大陆地区，不包括香港特 别行政区和澳门特别行政区及台湾地区）现行法律、法规及规范性文件发表法律 意见。 本所同意将本法律意见书作为公司本次会议公告的法定文件，随公司其他公 告一并提交上海证券交易所审查并予公告。 在本法律意见书中，本所律师仅对本次会议的召集和召开程序、出席会议人 员的资格、召集人的资格、会议表决程序及表决结果是否符合《公司法》、 《证券 法》、 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）以及《上海电气风电集团股 份有限公司章程》（以下简称"《公司章程》"）的规定出具本法律意见书。 关于上海电气风电集团股份有限公司 股东会 2025 年第一次临时会议的法律意见书 致：上海电气风电集团股份有限公司 国浩律师（上海）事务所 国浩律师（上海）事务所（以下简称"本所"），接受上海电气风电集团股份 有限公司（以下简称"公司"）的委托，指派本所律师出席公司股东会 2025 ...

Core Viewpoint - The report evaluates the financial services provided by Shanghai Electric Group Finance Co., Ltd. to its parent company, Shanghai Electric Group Co., Ltd., and its subsidiaries, highlighting the company's financial health and risk management practices [1][10]. Group 1: Basic Information of Electric Finance - Shanghai Electric Group Finance Co., Ltd. was established in December 1995 and is regulated by the National Financial Supervision Administration [2]. - The registered capital of Electric Finance is RMB 3 billion, with Shanghai Electric Group Co., Ltd. holding a 74.625% stake [2]. - The company offers various financial services, including deposit acceptance, loan processing, and financial consulting [3]. Group 2: Internal Control System - Electric Finance has established a governance structure comprising a shareholder meeting, board of directors, supervisory board, and senior management to ensure clear responsibilities and effective decision-making [4]. - The company has implemented comprehensive internal control measures to mitigate operational risks, including specific management procedures for settlement and fund management [5][6]. Group 3: Financial Performance and Risk Management - As of June 30, 2025, Electric Finance reported total assets of RMB 75.595 billion, total liabilities of RMB 66.786 billion, and net assets of RMB 8.809 billion [8]. - The company achieved a capital adequacy ratio of 17.47%, significantly above the regulatory requirement of 10.5% [8]. - The average deposit balance from the parent company and its subsidiaries in Electric Finance was RMB 2.446 billion, accounting for 74.70% of their total deposits [8]. Group 4: Financial Services Impact - The interest rates for deposits and loans provided by Electric Finance are competitive compared to other financial institutions, positively impacting the parent company's operations [8]. - The company has not encountered any legal or regulatory violations in its business activities, indicating strong compliance with financial regulations [8][10]. Group 5: Ongoing Risk Assessment - The company will conduct semi-annual reviews of Electric Finance's audited financial reports to assess its operational qualifications and risk status [10]. - The report concludes that Electric Finance has effective risk management practices in place, ensuring the safety of financial services provided to the parent company and its subsidiaries [10].

Group 1 - Shanghai Electric (601727) closed at 9.23 yuan on August 25, 2025, with an increase of 6.83% and a turnover rate of 6.12% [1] - The trading volume was 7.7265 million hands, with a transaction amount of 6.922 billion yuan [1] - The net inflow of main funds was 402 million yuan, accounting for 5.8% of the transaction amount, with large orders showing a net inflow of 443 million yuan [1] Group 2 - For Q1 2025, Shanghai Electric reported total operating revenue of 22.245 billion yuan, a year-on-year increase of 8.06%, and a net profit attributable to shareholders of 292 million yuan, up 145.69% [1] - The company's non-recurring net profit was 205 million yuan, reflecting a significant year-on-year growth of 271.85% [1] - Financial ratios include a current ratio of 1.069, a quick ratio of 0.858, and a debt-to-asset ratio of 74.01% [1] Group 3 - Shanghai Electric Group Co., Ltd. was established in 2004 and is primarily engaged in the manufacturing of general equipment [2] - The company has made investments in 104 enterprises and participated in 4,493 bidding projects [2] - It holds 159 trademark registrations and 1,710 patent registrations, along with 124 administrative licenses [2]

新华财经上海8月24日电（记者杜康）寻找人形机器人的大规模量化商用场景，是当前行业焦点所在。前不久，拥有深厚"工业基因"的装备制造龙头企业上 海电气推出了其首款自研人形机器人"溯元"。同时，上海电气内部已经首批开放了30余个场景，供人形机器人训练和学习。 记者专访上海电气自动化集团了解到，丰富的智能制造场景，正是上海电气布局人形机器人产业的最大优势所在。上海电气将通过"工具链"研发、原子技能 库的打造，为人形机器人落地工业场景打造更多的共性技术和标准。 行业量产初期，核心关键技术全部自研 目前，"溯元"已成功在箱体搬运场景中得到验证。通过视觉识别算法与多关节精密协同控制，"溯元"能够自主识别、精确定位并可靠搬运不同规格的箱体， 大幅提升了仓储作业的自动化水平与效率。 周军介绍，对于人形机器人场景落地"工具链"的研发，是上海电气的重要目标之一。"我们建设了虚实结合的具身技能训练平台，训练机器人执行多种任 务，并通过数据采集、训练、测试、场景应用验证，为人形机器人产品落地提供支撑。以大规模落地场景为牵引，我们打造了具有行业特色的原子技能库， 原子技能库对内赋能的同时，可以对外开放授权，拓展多元合作生态。" 记者获 ...