证券代码：601727 证券简称：上海电气 编号：临 2025-049 上海电气集团股份有限公司 董事会五届一百一十四次会议决议公告 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。 上海电气集团股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日在上海市四川中路 110 号公司会议室以现场结合通讯方式召开 了公司董事会五届一百一十四次会议。应参加本次会议的董事 8 人， 实际参加会议的董事 8 人。本次会议由吴磊董事长主持，公司部分高 级管理人员列席了本次会议。会议符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。会议审议并通过以下决议： 一、关于公司 ESG 管理委员会委员变动的议案 同意选举卫旭东先生担任公司 ESG 管理委员会委员，任期自董 事会审议通过之日起至本届高级管理人员履职届满之日止。贾廷纲先 生不再担任公司 ESG 管理委员会委员。 表决结果：8 票同意，0 票反对，0 票弃权。 表决结果：8 票同意，0 票反对，0 票弃权。 二、关于公司 2025 年上半年计提减值准备的议案 ...

Financial Performance - Total operating revenue for the first half of 2025 reached CNY 54,303,335 thousand, an increase of 8.89% compared to CNY 49,868,517 thousand in the same period last year[17]. - Net profit attributable to shareholders was CNY 820,752 thousand, reflecting a growth of 7.32% from CNY 764,798 thousand year-on-year[17]. - Basic earnings per share rose to CNY 0.053, an increase of 8.16% from CNY 0.049 in the same period last year[18]. - The weighted average return on equity increased to 1.53%, up by 0.16 percentage points from 1.37% year-on-year[18]. - The company achieved total revenue of RMB 54.303 billion, an increase of 8.9% year-on-year[33]. - The gross profit margin for the reporting period was 19.0%[33]. - New orders totaled RMB 109.81 billion, with energy equipment orders at RMB 60.04 billion and industrial equipment orders at RMB 22.82 billion[33]. Cash Flow and Assets - The company reported a significant increase in net cash flow from operating activities, amounting to CNY 1,568,155 thousand, compared to a negative cash flow of CNY -240,739 thousand in the previous year[17]. - The company’s cash flow from operating activities showed a net increase to RMB 1.568 billion, a significant improvement from a net outflow of RMB -240,739 in the first half of 2024[152]. - The company’s total assets include RMB 3.7873 billion in cash and cash equivalents, representing 12.10% of total assets, an increase of 16.29% from the previous year[67]. - The total amount of financial assets measured at fair value at the end of the period was RMB 19,274,910 thousand, reflecting various changes in value during the reporting period[73]. - The company’s total assets amounted to RMB 312,900,090 thousand, an increase from RMB 302,504,988 thousand as of December 31, 2024, reflecting a growth of approximately 1.46%[139]. Market Expansion and Strategic Initiatives - The company is actively pursuing market expansion and has completed the acquisition of 100% equity in Shanghai Ningsheng Industrial Co., Ltd. from its controlling shareholder[18]. - The company is actively developing new energy equipment such as "wind-solar-storage-hydrogen" solutions to align with the national "dual carbon" strategy[32]. - The company is focusing on the integration of digital technologies to enhance automation and intelligence across its operations[37]. - The company is committed to providing comprehensive lifecycle services for high-end equipment, reinforcing its market position in industrial automation[25]. - The company is exploring new coal power low-carbon transformation directions, including biomass co-firing and carbon capture technologies[30]. Risks and Challenges - The company faces significant risks including market fluctuations, raw material price volatility, and foreign exchange risks, which are detailed in the management discussion section[4]. - The company is facing pressures on overseas projects due to rising labor and material costs, influenced by macroeconomic conditions and geopolitical uncertainties[79]. - The company plans to strengthen its foreign exchange risk management by increasing the use of hedging tools and expanding cross-border trade settlements in RMB to control costs and mitigate adverse effects from currency fluctuations[80]. Research and Development - Research and development expenses rose to CNY 2,545,795, compared to CNY 2,327,462, marking a 9.4% increase year-over-year[147]. - The company is focusing on high-level technological self-reliance and innovation, collaborating with top universities to enhance its research and development capabilities[41]. - The company has successfully launched a "1.1MW/10.8MWh multi-energy thermal storage green steam system," marking a significant breakthrough in multi-energy storage technology for industrial low-carbon transformation[39]. Corporate Governance and Commitments - The controlling shareholder, Electric Holdings, committed to ensuring the independence of the company in personnel, assets, finance, and operations since 2015[89]. - Electric Holdings promised to avoid competition with the company, ensuring complete separation in business, assets, personnel, and finance since 2008[89]. - The company has received assurances from Electric Holdings regarding the clarity of asset ownership in land and equity assets since 2016[89]. - The company guarantees that the prospectus submitted for Electric Wind Power's IPO does not contain false records or misleading statements, and it will bear legal responsibility for its accuracy[90]. Shareholder Information - The largest shareholder, Shanghai Electric Holding Group Co., Ltd., holds 6,400,435,385 shares, representing 41.08% of the total shares[130]. - The total number of ordinary shareholders as of the end of the reporting period was 704,385[128]. - The company has not reported any significant changes in its share capital structure during the reporting period[125]. Financial Instruments and Accounting Policies - The company continues to adhere to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[167]. - The financial statements are prepared on a going concern basis, indicating the company's ongoing operational viability[169]. - Significant impairment provisions for accounts receivable are recognized when they exceed 2.0% of the total original value of accounts receivable and contract assets[174].

证券代码：601727 证券简称：上海电气 公告编号：临 2025-051 上海电气集团股份有限公司 关于控股子公司提供对外担保的公告 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。 重要内容提示： | | 被担保人名称 | | 上海集优（香港）投资管理有限公司 | | --- | --- | --- | --- | | | 本次担保金额 | 9,000 | 万欧元（折合约人民币 万元） 81,000 | | 担保 对象 | 实际为其提供的担保余额 | 9,125 万欧元 | | | | 是否在前期预计额度内 | □是 否 | □不适用 | | | 本次担保是否有反担保 | □是 否 | □不适用 | 2025 年 8 月 29 日，公司董事会五届一百一十四次会议审议通过 《关于上海集优（香港）投资管理有限公司申请不超过 9,000 万欧元 借款担保的议案》。 鉴于集优香港资产负债率超过 70%，本次担保事项尚须提交公司 股东会审议。 | 担保 | | | 被担保 方最近 | 截至 | | 担保额 度占上 | 担保 | 是 ...

证券代码：601727 证券简称：上海电气 编号：临 2025-052 上海电气集团股份有限公司 关于召开2025年半年度业绩说明会的公告 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。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 上海电气集团股份有限公司（以下简称"公司"）于2025年8月 30日披露公司2025年半年度报告，为便于广大投资者更全面深入地了 解公司2025年上半年的经营成果、财务状况，公司计划于2025年9月 10日举行2025年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对2025年上半 年经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 会议召开时间：2025年9月10日（星期三）15:00至16:00 会议召开地点：上海证券交易所上证路演中心 （二）会议召开地点：上证路演中 ...

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]