Core Insights - The 25th China International Industry Fair showcases Shanghai Electric's comprehensive path towards "new productive forces" in industrial evolution, emphasizing "extreme intelligence, extreme greenness, and extreme precision" [1][9] - The event highlights the integration of seven key sectors: energy, industry, drive, basic components, medical, environmental protection, and heating/cooling, forming a cohesive vision for future industrial development [1] Energy Evolution - Shanghai Electric presents a clear technological evolution path from "coal, nuclear" as a stable foundation to "hydrogen, ammonia, and methanol" as strategic extensions, integrating "source, network, load, storage, and control" [3] - The company showcases its unique capabilities in nuclear power, including high-temperature gas-cooled reactor equipment, and emphasizes its advancements in nuclear fusion technology [5] - A significant highlight is the green methanol project in Jilin, which is the first large-scale commercial operation in China, demonstrating key technologies and achieving EU ISCC certification [5] Industrial Intelligence Transformation - The industrial segment illustrates how Shanghai Electric injects intelligence into the entire manufacturing process, transitioning from "large manufacturing" to "large cities" [6] - The focus on smart robotics, including various specialized robots, showcases the company's ability to achieve a full-chain layout through multi-industry collaboration [6] - The "Lingke" dual-arm robot exemplifies a closed-loop learning system that optimizes skills in real tasks, reflecting the core demands of flexible manufacturing [6] Historical Context and Future Direction - The "Centennial Transmission" exhibition contrasts historical artifacts with cutting-edge technology, illustrating the evolution from "self-reliance" to "intelligent leadership" in China's power equipment sector [7][9] - Shanghai Electric aims to continue leveraging energy and industry as dual engines, focusing on system integration and ecological collaboration to drive new productive forces in China's industrialization [9]

Core Insights - The 2025 China International Industrial Expo, themed "Industrial New Quality, Intelligent Manufacturing Without Boundaries," was held in Shanghai, showcasing the evolution of China's industrial sector from "Made in China" to "Intelligent Manufacturing" [1] - Shanghai Electric presented its latest technological achievements and solutions in new power systems and integrated high-end equipment, emphasizing its commitment to high-end, intelligent, and green manufacturing [1][3] Energy Sector Developments - Shanghai Electric has strategically positioned itself in the energy sector, focusing on a comprehensive new power system integrated equipment solution, which includes coal, nuclear, wind, solar, and hydrogen technologies [3] - The company showcased its capabilities in high-temperature gas-cooled reactor equipment, highlighting its unique position as the only domestic manufacturer capable of supplying complete sets of nuclear island equipment [3] Green Energy Initiatives - Shanghai Electric is advancing its green energy initiatives with a full-chain solution from green hydrogen production to methanol synthesis, exemplified by its integrated demonstration project for green methanol [4] - The project is notable for being the first in China to achieve large-scale commercial operation and has received EU ISCC certification, marking its entry into international markets [4] Industrial Manufacturing Innovations - The company is focusing on the integration of various industrial sectors, providing solutions from industrial plant design to automation equipment and environmental protection [5] - Shanghai Electric displayed a range of intelligent robots and key components, showcasing its comprehensive capabilities in robot manufacturing and application [5] Advanced Machinery and Technology - Shanghai Electric's industrial mother machine sector is represented by high-precision grinding centers capable of nanometer-level precision, suitable for critical aerospace and robotics applications [6] - The company hosted a significant industry event to promote collaboration and innovation within the industrial sector [6] Historical Significance and Legacy - The "Centennial Transmission" exhibition highlighted Shanghai Electric's historical contributions to China's industrial development, showcasing significant artifacts that represent milestones in the nation's manufacturing history [7] - The exhibition aimed to unlock the historical charm and evolution of Shanghai Electric, emphasizing its role in the modernization of China's industrial landscape [7] Future Outlook - Shanghai Electric plans to continue its dual evolution in energy and industry, focusing on upgrading core technologies to drive high-quality development and support China's new industrialization efforts [10]

（股份代號: 02727） 於二零二五年九月二十二日舉行之股東特別會議投票表決結果 上海電氣集團股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈已於二零二五年九 月二十二日正式召開股東特別會議（「股東特別會議」），股東特別會議上提呈的決議案獲本 公司股東以投票表決方式正式通過。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） * 概無股東須根據上市規則就股東特別會議提呈的任何決議案放棄投票。概無有權出席股東特別會 議的股東須根據上市規則第 13.40 條於會上就任何決議案放棄投贊成票。概無任何股東於通函中 表明有意就股東特別會議提呈的任何決議案投反對票或放棄投票。 有關決議案的全文請參閱通函。股東特別會議提呈的決議案表決結果如下： 茲提述本公司日期為二零二五年九月一日的通函（「通函」），其中載有供本 ...

国浩律师（上海）事务所 法律意见书 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》、《股东会规则》以及《公司章程》的规定发表意见，并不对本次会议所审议 的提案内容以及这些提案所表述的事实或者数据的真实性、准确性和完整性发表 意见。本所律师假定公司提供的与本次会议有关的文件、资料（包括但不限于有 关人员的身份证明、股票账户卡、授权委托书、营业执照等）是真实、完整的， 该等文件、资料上的签字和/或印章均为真实的，并据此出具法律意见。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司 本次会议的相关法律问题发表如下意见： 国浩律师（上海）事务所 关于上海电气集团股份有限公司 2025 年第二次临时股东会的法律意见书 致：上海电气集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受上海电气集团股份有限 公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第二次临时股 ...

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]