Company Overview - Shanghai Electric's stock price as of July 30, 2025, is 8.00 yuan, down 0.29 yuan, representing a decline of 3.50% from the previous trading day [1] - The company operates in the power equipment industry and is a large comprehensive equipment manufacturing group, with business segments including energy equipment, industrial equipment, and integrated services [1] Financial Performance - In Q1 2025, Shanghai Electric reported a revenue of 22.245 billion yuan and a net profit of 292 million yuan [1] Market Activity - On July 30, 2025, Shanghai Electric executed a share buyback plan, repurchasing 3 million shares for a total amount of 23.96 million yuan [1] - The overall performance of the power equipment sector has been weak, with a net outflow of main funds amounting to 8.074 billion yuan on that day, of which Shanghai Electric experienced a net outflow of 497 million yuan [1]

表格類別： 股票 狀態： 新提交 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 公司名稱： 上海電氣集團股份有限公司 呈交日期： 2025年7月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 601727 | 說明 | 於上海證券交易所上市 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有 ...

智通财经APP讯，上海电气(02727)发布公告，于7月30日斥资2395.7万元回购300万股A股股份。 ...

格隆汇7月30日丨上海电气(02727.HK)发布公告，2025年7月30日耗资2395.7万元人民币回购300万股A 股，回购价格每股7.96-8.02元。 ...

FF305 第 1 頁 共 7 頁 v 1.3.0 | 1). | 購回A股股份 (股份購回擬註銷但尚未註銷) | 1,600,000 | 0.01 % | RMB | 7.36 | | --- | --- | --- | --- | --- | --- | | | 變動日期 2025年6月12日 | | | | | | 2). | 購回A股股份 (股份購回擬註銷但尚未註銷) | 600,000 | 0.005 % | RMB | 7.25 | | | 變動日期 2025年6月17日 | | | | | | 3). | 購回A股股份 (股份購回擬註銷但尚未註銷) | 6,004,300 | 0.05 % | RMB | 7.29 | | | 變動日期 2025年6月18日 | | | | | | 4). | 購回A股股份 (股份購回擬註銷但尚未註銷) | 1,400,000 | 0.01 % | RMB | 7.34 | | | 變動日期 2025年7月2日 | | | | | | 5). | 購回A股股份 (股份購回擬註銷但尚未註銷) | 2,900,000 | 0.02 % | RMB | 7.32 | ...

资料显示，上海电气集团股份有限公司是全球领先的工业级绿色智能系统解决方案提供商,始终坚持"服 务国家战略、发展新质生产力、实现高质量发展"的战略方向,专注于能源、工业两大主战场,从能源的生 产与传输,到智能化的工业生产与自动化系统,再到"海陆空网油"全产业链,让科技创新有为,赋能千行百 业,为人类美好生活创造绿色可持续价值。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 上海电气AH溢价达163.35%，位居AH股溢价率第六位。当日收盘，上海电气A股报8.0元，跌幅3.5%， H股报3.32港元，下跌2.64%。 作者：行情君 本文源自：金融界 7月30日，上证指数涨0.17%，收报3615.72点，恒生指数跌1.36%，收报25176.93点。 ...

Core Viewpoint - The article highlights the performance of Shanghai Electric Group Co., Ltd., noting its significant A/H share premium and its strategic focus on providing green intelligent system solutions in the energy and industrial sectors [1][2]. Group 1: Stock Performance - On July 29, the Shanghai Composite Index rose by 0.33% to close at 3609.71 points, while the Hang Seng Index fell by 0.15% to 25524.45 points [1]. - Shanghai Electric's A-shares closed at 8.29 yuan, with a gain of 5.61%, while its H-shares closed at 3.41 Hong Kong dollars, increasing by 3.65% [1]. - The A/H share premium for Shanghai Electric reached 165.92%, ranking it sixth among A/H shares in terms of premium rate [1]. Group 2: Company Overview - Shanghai Electric Group Co., Ltd. is recognized as a global leader in providing industrial-grade green intelligent system solutions [1]. - The company adheres to a strategic direction focused on serving national strategies, developing new productive forces, and achieving high-quality development [1]. - Its operations span the entire industrial chain from energy production and transmission to intelligent industrial production and automation systems, contributing to sustainable value creation for a better human life [1].

Core Viewpoint - Shanghai Electric is facing a significant financial crisis due to overdue accounts receivable from its subsidiary, Shanghai Electric Communication Technology Co., Ltd., which has led to a lawsuit to recover 4.127 billion yuan in overdue payments, potentially resulting in a loss of 8.3 billion yuan in net profit for the parent company [1][2][6]. Group 1: Financial Impact - The accounts receivable balance of the subsidiary is 8.672 billion yuan, with a significant portion overdue since April 2021, leading to a risk of substantial financial loss for Shanghai Electric [2][4]. - The company has provided a total of 7.766 billion yuan in shareholder loans to the subsidiary, which may also result in major impairment losses if the subsidiary fails to repay [6][4]. - In extreme scenarios, the total potential loss to Shanghai Electric's net profit could reach 8.3 billion yuan, combining losses from equity investments and shareholder loans [6][4]. Group 2: Legal and Regulatory Actions - Shanghai Electric has initiated legal proceedings against several parties to recover overdue accounts, with the case being accepted by the Shanghai courts [2][3]. - The Shanghai Stock Exchange has issued a regulatory letter to Shanghai Electric, urging the company to manage risk and comply with information disclosure obligations [3][1]. Group 3: Risks Faced by the Subsidiary - The subsidiary faces four major risks, including the inability to recover accounts receivable, which could lead to significant asset impairment [4][5]. - There is a risk that the subsidiary's inventory, valued at 2.23 billion yuan, may not be fully convertible into cash, leading to further asset impairment [4][5]. - The subsidiary has external bank loans totaling 1.252 billion yuan, with repayment risks due to overdue dates, which could exacerbate financial difficulties [4][5].

Group 1 - The World Artificial Intelligence Conference (WAIC) opened on July 26, 2025, coinciding with the unveiling ceremony of Dongjie Zhikong (Shanghai) Technology Co., Ltd [1] - Dongjie Zhikong is a joint venture established by Shanghai Electric (601727) and Dechang Automotive Electric Co., Ltd, focusing on core technology for humanoid robot joint modules [1] - The company is located in the "Shanghai Silicon Alley" in Changning District, highlighting the region's emphasis on technological innovation [1] Group 2 - Key officials present at the unveiling included Zhang Wei, Secretary of the Changning District Committee, Liu Ping, Deputy Secretary and District Mayor, and executives from Shanghai Electric and Dechang Electric [1]

Core Insights - Shanghai Electric showcased its latest achievements in the field of embodied intelligent robots at the 2025 World Artificial Intelligence Conference, including the launch of its self-developed humanoid robot "Suyuan" [2][4] - The company aims to become a leading provider of humanoid robot products and solutions in vertical industries, leveraging its experience in intelligent manufacturing and diverse industrial scenarios [2][9] Product Launch - The humanoid robot "Suyuan" stands 167 cm tall, weighs 50 kg, and features 38 degrees of freedom, allowing for high flexibility and coordination in various industrial environments [4][5] - "Suyuan" can walk at a speed of 5 km/h, carry loads of up to 10 kg, and has a single-arm load capacity of 2 kg, making it suitable for tasks such as handling and assembly [4][5] - Equipped with laser radar and dual cameras, "Suyuan" has autonomous navigation capabilities and a processing power of 275 TOPS, enabling efficient data processing and human-robot interaction [4][5] Industrial Applications - "Suyuan" has successfully completed box handling tasks by utilizing visual recognition algorithms and multi-joint collaborative control, significantly enhancing warehouse operational efficiency [5] - Shanghai Electric plans to expand its intelligent solutions for diverse industrial scenarios, focusing on human-machine and machine-machine collaboration [5][9] Technological Innovations - The dual-arm robot "Lingke" was showcased at the WAIC, representing Shanghai Electric's advancements in industrial skill training for robots [7][8] - "Lingke" enhances worker efficiency by performing high-precision tasks and collaborating with other robots, achieving over five times the efficiency compared to traditional manual labor [8] - The robot employs a data-intelligent terminal for a closed-loop technology that continuously improves operational precision and adaptability through real-time data collection and model training [8] Industry Positioning - Shanghai Electric has established a complete industrial chain covering upstream key components, midstream robot bodies, and downstream application scenarios, facilitating the integration of embodied intelligent robots with traditional manufacturing equipment [9][10] - The company collaborates with over 30 authoritative institutions to develop global standards for industrial artificial intelligence, aiming to drive the intelligent transformation of the manufacturing industry [10]