上海张江高科技园区开发股份有限公司 上海张江高科技园区开发股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司股 东大会规则》以及《上海张江高科技园区开发股份有限公司公司章程》、《上海 张江高科技园区开发股份有限公司股东大会议事规则》的规定，为维护投资者 的合法权益，确保公司本次股东大会的顺利召开,制定会议须知如下,望出席股东 大会全体人员遵守: 一、为能及时、准确地统计出席会议的股东(股东代理人)所代表的持股总数， 登记出席股东大会的各位股东请准时出席会议。 二、个人股东亲自出席会议的，应出示本人身份证和持股凭证；委托代理人 出席会议的，应出示本人身份证明、股东授权委托书和股东持股凭证。 三、法人股东应由法定代表人或其委托的代理人出席会议。法定代表人出席 本次会议的，应出示本人身份证明、能证明其具有法定代表人资格的有效证明 和持股凭证；委托代理人出席会议的，代理人应出示本人身份证明、法人股东 单位的法定代表人依法出具的授权委托书和持股凭证。 四、本次股东大会设秘书处,具体负责大会有关程序方面的事宜。 会议地点：上海市浦东新区碧波路699号博雅酒店一楼碧波厅AB 网络投票时间：20 ...

Investment Rating - The report assigns an "Accumulate" rating to the company [7] Core Views - The company is transitioning from a financial investment strategy to an industrial investment holding group, focusing on new energy and new technology sectors, aligning with national policy directions and market trends [4][12][15] - The company has successfully restructured its capital and improved its financial health, with a significant reduction in debt-to-asset ratio from approximately 78% in 2021 to about 65% in 2023, and projected to further decrease to around 60% in 2024 [4][6][24] - The company has established a strong synergy between its green energy and data center businesses, aiming to create a digital economy ecosystem that integrates AI computing power, data assets, and application scenarios [7][15][23] Summary by Sections 1. Transition to Industrial Investment Holding Group - The company has shifted its focus from short-term financial investments to long-term industrial investments, particularly in new energy and technology sectors, which are expected to drive future growth [4][12] - The company has increased its stake in Shandong High-speed New Energy to 60.66%, enhancing its control and position in the renewable energy market [12][15] 2. New Energy Sector - The company has received significant funding, including approximately HKD 47 billion from its own group and additional support from national clean energy subsidies, which has improved the capital structure of its subsidiary, Shandong High-speed New Energy [4][12] - The company is actively involved in various renewable energy projects, including wind and solar initiatives, with a total capacity exceeding 1GW planned for the next two years [4][5] 3. New Infrastructure and Data Center Development - The company has strategically invested in Century Internet, a leading digital infrastructure provider, to enhance its capabilities in the data center sector [4][12] - A significant project in Ulanqab City aims to integrate green power with intelligent computing, with a total investment of approximately CNY 21 billion [5][12] 4. Financial Performance and Projections - The company has shown a strong revenue growth trajectory, with projected revenues of CNY 58.84 billion, CNY 67.85 billion, and CNY 74.99 billion for 2025 to 2027, respectively [7][27] - The net profit is expected to grow significantly, with projections of CNY 1.38 billion, CNY 2.24 billion, and CNY 3.47 billion for the same period, reflecting a robust growth rate [7][27]