特变电工股份有限公司 证券代码：600089 证券简称：特变电工 公告编号：临 2026-010 特变电工股份有限公司 2026年第一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。 重要内容提示： 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：2026 年 2 月 6 日 (二)股东会召开的地点：新疆维吾尔自治区昌吉市北京南路 189 号公司国际 会议中心 (三)出席会议的普通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（人） | 10,898 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,260,100,278 | | 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份总数的比例（%） | 25.1003 | 1、议案名称：公司对特变电工能源（印度）有限公司提供担保的议案 审议结果：通过 特变电工股份有限公司 (四)股东会主持及表决方式 本次会议采取现场投票和网络投票相结合的方式召开。公司董事长张新先生 主持 ...

特变电工 2026 年第一次临时股东会 T&P 新疆天阳律师事务所 新疆天阳律师事务所 关于特变电工股份有限公司 2026 年第一次临时股东会 法律意见书 天阳证股字[2026]第 05 号 新疆天阳律师事务所 二〇二六年二月 地址:新疆乌鲁木齐市水磨沟区红光山路 888 号绿城广场写字楼 2A 座 7层 1 T&P 新疆天阳律师事务所 特变电工 2026年第一次临时股东会 新疆天阳律师事务所 关于特变电工股份有限公司 2026 年第一次临时股东会 法律意见书 天阳证股字[2026]第 05 号 致:特变电工股份有限公司 新疆天阳律师事务所(下称"本所")接受特变电工股份有限公司(下称"公 司"）的委托,委派本所尹杰律师、李柯迪律师出席公司 2026年第一次临时股 东会,根据《中华人民共和国公司法》（下称"《公司法》"）、《中华人民共 和国证券法》(下称"《证券法》")、《上市公司股东会规则》和《特变电工 股份有限公司章程》(下称"《公司章程》"),按照律师行业公认的业务标准、 道德规范和勤勉尽责精神,对有关的文件和事实进行核查与验证,并出具法律意 见。 本所律师已经对公司提供的与本次股东会有关的文件材料进行 ...

Core Insights - The global energy transition and the integration of digital and physical economies are driving significant changes in electricity demand and supply, presenting a key opportunity for high-quality development in the industry [1] Group 1: Electricity Demand and Supply Dynamics - The explosion of AI is expected to significantly increase electricity demand, with an estimated 18GW required by 2025 solely for new GPU computing power, equivalent to the annual output of 15 nuclear power plants [1] - A global upgrade of electricity grids is underway, with a projected increase in the power supply gap in the U.S. to 182GW by 2030, prompting equipment manufacturers to expand internationally [1] - Domestic investment in electricity infrastructure is accelerating, with the State Grid's fixed asset investment expected to reach 4 trillion yuan during the 14th Five-Year Plan, a 40% increase compared to the previous plan [1] Group 2: Investment Trends in Renewable Energy - The growth of renewable energy installations is a common driver of ongoing global electricity investment, with significant demand elasticity compared to traditional energy sources [2] - From 2023 to 2030, the average annual global investment in electricity grids is projected to rise to $500 billion, driven by rapid growth in renewable installations and the need for equipment upgrades [2] - Chinese companies are expected to continue benefiting from favorable conditions as they expand internationally, despite challenges in labor, approvals, capacity, and supply chains in overseas markets [2] Group 3: Index Fund Performance and Composition - The Tianhong CSI Electric Grid Equipment Theme Index Fund closely tracks an index comprising 80 listed companies involved in ultra-high voltage, smart grid construction, green energy, and energy storage, with a significant focus on smart grids [2] - The top ten weighted stocks in the index account for 55.21%, including companies like TBEA, Sanyuan Electric, and China XD Electric, providing a packaged investment opportunity in leading electric equipment firms [3][4] - The index fund has shown strong performance, with a 66.44% increase over the past year, significantly outperforming the CSI 300 index, which rose only 22.09% during the same period [4]

Group 1 - The photovoltaic sector showed strong performance with the photovoltaic ETF (159857) rising over 2% during trading, with a transaction volume of 268 million yuan [1] - The ETF has seen a net inflow of 260 million yuan over the last ten trading days, with a current fund size of 2.322 billion yuan, making it the largest in its category in the Shenzhen market [1] - The ETF closely tracks the photovoltaic industry index, with major allocations in photovoltaic equipment (61.53%), grid equipment (13.3%), and electricity (8.57%) [1] Group 2 - Recent discussions by the Ministry of Industry and Information Technology emphasized guiding the photovoltaic industry towards healthy competition and avoiding "involution" [1] - The Ministry of Finance announced that it will phase out the export tax rebate for photovoltaic products starting April 1, 2026 [1] - The space photovoltaic concept is gaining attention, with Elon Musk's space energy plan bringing new momentum to the industry [1] Group 3 - High silver prices are pushing the photovoltaic metallization sector towards a technological revolution, with copper alternatives like silver-coated copper and electroplated copper becoming key cost-reduction strategies [2] - Successful large-scale application of these alternatives could significantly enhance the performance of related materials and equipment companies [2]

Group 1 - The core viewpoint of the news highlights the positive performance of the photovoltaic industry, with the China Securities Photovoltaic Industry Index rising by 0.98% as of February 6, 2026, and several key stocks such as GCL-Poly Energy and JinkoSolar showing significant gains [1] - The photovoltaic ETF fund (516180) increased by 0.66%, with the latest price reported at 0.91 yuan, indicating a favorable market sentiment towards the sector [1] - Industry insiders revealed that Elon Musk's team has been exploring the Chinese photovoltaic supply chain, suggesting potential interest and investment from international players [1] Group 2 - The Ministry of Industry and Information Technology emphasized that addressing industry competition will be a top priority this year, indicating a focus on improving market conditions within the photovoltaic sector [1] - Huatai Securities noted that the rising silver prices are expected to pressure photovoltaic companies in Q4 2025, but leading firms like JinkoSolar, LONGi Green Energy, and Trina Solar are accelerating the adoption of low-cost metal pastes and high-power products to mitigate cost pressures starting in 2026 [1] - Several photovoltaic companies are actively engaging in R&D collaborations and production line setups in areas such as P-HJT, perovskite tandem cells, and specialized space packaging, laying the groundwork for emerging demands in space photovoltaic applications [1] Group 3 - As of January 30, 2026, the top ten weighted stocks in the China Securities Photovoltaic Industry Index accounted for 53.49% of the index, with companies like TBEA, LONGi Green Energy, and TCL Technology leading the list [2] - The photovoltaic ETF fund is closely tracking the China Securities Photovoltaic Industry Index, which selects up to 50 representative listed companies involved in the photovoltaic industry chain [2]

Core Viewpoint - The establishment of an independent new energy storage capacity pricing mechanism by the National Development and Reform Commission and the Energy Administration is expected to stabilize revenue expectations in the energy storage sector and stimulate investment enthusiasm among owners, particularly benefiting state-owned enterprises [1][2]. Group 1: Market Performance - The Southern Fund's New Energy ETF (516160) rose by 2.57%, with a turnover of 3.35% and a transaction volume of 227 million yuan [1]. - Key stocks in the index, such as Zhiyu Technology, Laplace, and GCL-Poly, saw significant increases of 12.79%, 10.41%, and 10.10% respectively [1]. Group 2: Policy Impact - The implementation of the capacity pricing policy is expected to shift the energy storage industry from cost competition to value creation, revealing investment value [1]. - The cancellation of mandatory storage requirements is anticipated to further enhance the investment landscape in the energy storage sector [1]. Group 3: Industry Growth Projections - The domestic energy storage installation is expected to experience rapid growth by 2026, with a focus on leading companies in the energy storage supply chain [1]. - Global energy storage installations are projected to increase significantly, with estimates of 279 GWh, 423 GWh, and 563 GWh for the years 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 44%, 52%, and 33% [2]. Group 4: ETF Composition - The New Energy ETF closely tracks the CSI New Energy Index, which includes companies involved in renewable energy production, application, storage, and related devices [2]. - The top ten weighted stocks in the index include CATL, Sungrow Power, TBEA, and others, reflecting a diverse representation of the new energy sector [2].

Core Viewpoint - The article discusses the significant growth and development of listed companies in Xinjiang during the "14th Five-Year Plan" period, highlighting the increase in market capitalization, revenue, and investment returns, as well as improvements in corporate governance and risk management [3][7][8]. Group 1: Market Expansion and Financial Growth - Xinjiang's listed companies increased from 7 to 62 by the end of 2025, with total market capitalization rising from 606.28 billion to 1,020.07 billion, a growth of 68.25% [3]. - Total revenue of listed companies is projected to grow from 533.31 billion in 2020 to 709.78 billion in 2024, an increase of 33.09% [7]. - Cumulative cash dividends paid by listed companies reached 88.33 billion, up 162.33% from the previous period [7]. Group 2: Financing and Investment - Direct financing through various instruments such as stocks, bonds, ABS, and REITs reached 364.76 billion [4]. - By 2025, Xinjiang's companies are expected to raise 59.26 billion through capital market financing [10]. - The region has seen a significant increase in the number of REITs, with new projects contributing to financing of 2.15 billion [14]. Group 3: Corporate Governance and Risk Management - The regulatory framework has been enhanced, with 39 cases of market violations addressed, resulting in penalties exceeding 100 million [8]. - A comprehensive system for preventing financial fraud has been established, improving corporate governance and internal controls [8]. - The implementation of tailored risk management strategies for individual companies has strengthened overall market stability [8]. Group 4: Future Development and Strategic Goals - The "15th Five-Year Plan" aims to leverage Xinjiang's unique resources and improve the business environment to support high-quality economic development [16][17]. - The focus will be on enhancing the capital market's role in supporting local industries and fostering innovation [16]. - The region plans to continue expanding its multi-tiered capital market, with an emphasis on supporting small and medium-sized enterprises [13][14].

Group 1 - The A-share market saw all three major indices turn positive, with the Shanghai Composite Index up by 0.17%, the Shenzhen Component Index up by 0.66%, and the ChiNext Index up by 0.67% as of 11:08 AM [1] - The Electric Grid Equipment ETF (159326) increased by 1.44%, with a trading volume reaching 5.97 billion yuan [1] - The Electric Grid Equipment ETF has experienced a significant growth of 12.967 billion yuan in the past month, ranking first among similar products, with a total size of 17.019 billion yuan, making it the largest electric grid-related ETF in the market [1] Group 2 - The Electric Grid Equipment ETF is the only ETF tracking the China Securities Electric Grid Equipment Theme Index, with a strong representation in sectors such as power transmission and transformation equipment, grid automation equipment, and distribution equipment [2] - The smart grid sector holds a weight of 90% in the index, while the ultra-high voltage sector accounts for 67%, both being the highest in the market [2] - The ETF includes leading companies such as TBEA, China XD Electric, and others, which are prominent in the export market [2] Group 3 - The demand for high-performance transformers has surged due to the explosive growth in power requirements for AI supercomputing clusters and data centers, leading to a situation where such equipment is in high demand and short supply [1] - The export of power transformers has maintained a high growth rate, with a reported export value of 5.5 billion USD from January to November 2025, reflecting a year-on-year increase of 49%, while distribution transformer exports reached 2.5 billion USD, up by 13% [1]

Group 1 - The core viewpoint of the article highlights the performance of the Electric Grid Equipment ETF Guangfa (159320), which rose by 1.27% to 1.908 yuan with a trading volume of 25.56 million yuan as of the midday close on February 6 [1] - The major holdings of the Electric Grid Equipment ETF include companies such as Tebian Electric Apparatus, which increased by 0.94%, and Zhongtian Technology, which rose by 4.79%, among others [1] - The performance benchmark for the Electric Grid Equipment ETF is the return rate of the Hang Seng A-share Electric Grid Equipment Index, with a return of 88.21% since its establishment on December 12, 2024, and a one-month return of 12.09% [1]

截至2026年2月6日 11:12，南方基金旗下新能源ETF(516160)上涨1.89%，盘中换手2.48%，成交1.67亿 元。跟踪指数中证新能源指数成分股恩捷股份上涨7.41%，协鑫集成上涨7.21%，震裕科技上涨6.98%， 天赐材料，湖南裕能等个股跟涨。 消息面上，2月5日，中国光伏行业协会于北京举办"光伏行业2025年发展回顾与2026年形势展望研讨 会"。会上了解到，"十五五"时期，全球与中国光伏新增装机增速预计均明显放缓。晶硅光伏技术在进 一步提升的同时，也将逼近极限，使得降本提效带来的边际收益减少。光伏企业须直面高质量发展挑 战，寻求新的突破点。 新能源ETF(516160)，场外联接(A类：012831；C类：012832；南方中证新能源ETF联接I：021057)。 展望2026年，华泰证券重申风电光伏板块盈利修复趋势：1）风机订单价格自2024年四季度以来持续回 暖，考虑到前期低价订单交付步入尾声，涨价订单逐步交付支撑盈利修复。2）光伏需求走低预期下， 供应链或强化质量与成本把控，加速高功率产品与贱金属导入，有望驱动盈利修复。同时，太空光伏或 打造新业态，近期SpaceX宣布收购xAI ...