2025.06. 06 本文字数：525，阅读时长大约2分钟 据长安街知事，中国东方电气集团有限公司（简称"东方电气集团"）官网"管理团队"栏目近日更新 显示， 罗乾宜已出任东方电气集团董事长、党组书记。 此前， 罗乾宜担任 中国机械工业集团有限公司董事、总经理、党委副书记。 推荐阅读 图源｜东方电气集团官网 马斯克，发文告别 公开简历显示，罗乾宜出生于1965年9月，湖北当阳人，中共党员，管理学博士，研究员级高级会 计师，享受国务院特殊津贴专家。 根据官网介绍， 东方电气集团创立于1958年，是中央管理的涉及国家安全和国民经济命脉的国有重 要骨干企业，肩负保障国家能源安全的重大责任，是全球最大的能源装备制造企业集团之一。 更多内容阅读： 《突发｜东方电气官网撤下董事长俞培根信息》 微信编辑 | 雨林 罗乾宜曾在 中国兵器工业总公司、 中国燕兴总公司、中国兵器工业集团公司等多家央国企工作， 2006年任中国兵器工业集团公司党组成员、总会计师， 2017年12月任国家电网公司总会计师、党 组成员， 2020年7月兼任华夏银行非执行董事、副董事长。 2021年9月， 罗乾宜 担任国家电网有限公司 董事、党组副书记 ...

Core Viewpoint - The leadership change at China Dongfang Electric Corporation (CDEC) with Luo Qianyi appointed as the new chairman, while the chairman of its listed subsidiary, Dongfang Electric (SH600875), remains unchanged for now [1][2][5]. Group 1: Leadership Changes - Luo Qianyi has been appointed as the new chairman and party secretary of CDEC, replacing Yu Peigen, whose information has been removed from the company website [1][2]. - Yu Peigen's tenure as chairman began in May 2019 and was set to end in June 2027 [5]. Group 2: Company Overview - CDEC, founded in 1958, is a state-owned enterprise crucial for national energy security and is one of the largest energy equipment manufacturing groups globally [2]. - The group has a total asset value of 138.895 billion yuan as of the end of 2023, with a total operating revenue of 66.507 billion yuan and a net profit attributable to shareholders of 1.977 billion yuan for the same year [7]. Group 3: Financial Performance - Dongfang Electric's 2024 annual report indicates an operating revenue of 69.695 billion yuan, a year-on-year increase of 14.86%, while the net profit attributable to shareholders decreased by 17.7% to 2.922 billion yuan [9]. - The decline in net profit is attributed to a decrease in gross margin and significant impairment losses [9]. Group 4: Strategic Direction - CDEC is focusing on expanding its overseas market presence, actively participating in the Belt and Road Initiative, and providing complete equipment and engineering contracting services to over 110 countries and regions [9]. - The company aims to leverage strategic opportunities for high-quality development amid increasing competition and signs of overcapacity in the domestic power equipment industry [9].

【导读】中国海油集团、东方电气集团迎新董事长 中国基金报记者 含章 又有两家央企巨头董事长调整。 6月6日，据中国海油集团官网信息，张传江出任中国海洋石油集团有限公司董事长、党组书记。 东方电气集团董事长近日也出现调整，据官网信息，罗乾宜已出任东方电气集团董事长、党组书记。 中国海油集团迎新董事长 据中国海洋石油集团（以下简称中国海油集团）网站消息，6月6日，中国海油集团召开中层以上管理人员大会。中央组织部有关负责同志宣布了中央关于 中国海油集团董事长、党组书记任职的决定：张传江同志任中国海油集团董事长、党组书记，免去其中国大唐集团有限公司董事、总经理、党组副书记职 务。相关职务任免按有关法律和章程的规定办理。 图片来源：中国海油集团官网 公开资料显示，张传江出生于1968年，湖北荆门人，在能源行业工作多年，曾任国家能源集团宁夏煤业有限责任公司董事长等职。 2020年7月，张传江任中国大唐集团有限公司副总经理、党组成员；2024年4月，他接任中国大唐集团董事、总经理、党组副书记，直至此次履新中国海洋 石油集团。 据集团官网介绍，中国海油集团是1982年2月15日经国务院批准成立的特大型国有企业，是中国最大的海 ...

Core Viewpoint - Shenzhen Jiejia Weichuang New Energy Equipment Co., Ltd. announced that part of its funds in the bank's basic account has been frozen, amounting to 31.243 million yuan [2][4]. Financial Impact - The frozen funds represent 2.82% of the company's latest audited net assets and 5.03% of its cash balance, indicating a relatively minor impact on the company's overall financial health [5]. - The company stated that the freezing only affects part of the funds in that account, and other bank accounts remain liquid, ensuring normal operations and cash flow [5]. Legal Disputes - The freezing of funds is related to two sales contract disputes: one with Shenzhen Ruitai Precision Machinery Co., Ltd. involving 2.4325 million yuan, and another with East China Optical Technology (Xuzhou) Co., Ltd. involving 310 million yuan [4]. - The disputes trace back to contracts signed in May and June 2023, totaling 588 million yuan, where disagreements arose regarding payment for delivered equipment and maintenance fees [5]. Performance Metrics - In 2024, the company reported revenue of 18.887 billion yuan, a year-on-year increase of 116.26%, and a net profit attributable to shareholders of 2.764 billion yuan, up 69.18% [6][7]. - For the first quarter of 2025, the company achieved total revenue of 4.099 billion yuan, reflecting a year-on-year growth of 58.95%, with a net profit of 708 million yuan, an increase of 22.42% [7].

Core Viewpoint - The recent removal of Yu Peigen's information from the management team page of Dongfang Electric Group indicates significant changes within the company, which is one of the largest energy equipment manufacturing enterprises globally [1]. Group 1: Company Overview - Dongfang Electric Group, established in 1958, is a leading global manufacturer of energy equipment, producing a wide range of products including wind turbines, solar power equipment, hydroelectric units, nuclear power units, thermal power units, control systems, environmental protection equipment, industrial chemical equipment, hydrogen energy and fuel cells, energy storage equipment, and new materials [1]. Group 2: Leadership Changes - Yu Peigen, born in 1962 and a graduate of Zhejiang University, has a rich background in the energy and nuclear power sectors, having held various key positions in organizations such as Qinshan Nuclear Power Plant and China National Nuclear Corporation [2]. - Recently, Shenyanfeng has been appointed as the chairman and party secretary of China National Nuclear Corporation, succeeding Yu Jianfeng, who has not appeared in public activities for several months [3].

Core Viewpoint - Honghua Group has signed a sales agreement worth over 1.5 billion RMB for intelligent drilling rigs with a Middle Eastern client, indicating strong recognition of its new generation products in the high-end drilling market [1][2]. Group 1: Sales Agreement and Market Recognition - The sales agreement signed on May 23, 2025, is an addition to a previous contract for intelligent drilling rigs worth 1.5 billion RMB, showcasing the company's growing presence in the Middle East [1]. - The new generation AI intelligent drilling rigs utilize self-developed systems and machine learning algorithms, significantly improving operational efficiency compared to traditional equipment [2]. Group 2: Business Growth and Financial Performance - In 2024, Honghua Group's marine segment revenue surged to 860 million RMB, a year-on-year increase of 100.62%, contributing to 15.3% of total revenue [3]. - The company achieved a total revenue of 5.633 billion RMB in 2024, with a compound annual growth rate of 24.2% over the past three years, and successfully turned a profit with a net profit of 8 million RMB [4]. Group 3: Technological Advancements and Strategic Positioning - The intelligent drilling rigs incorporate six core technologies, enhancing operational efficiency, safety, mobility, and economic performance for clients [2]. - Honghua Group's transition from manufacturing to intelligent manufacturing is becoming clearer, with ongoing advancements in both intelligent drilling rigs and marine business [3].

股票代码：002534 股票简称：西子洁能 债券代码：127052 债券简称：西子转债 浙商证券股份有限公司 关于 西子清洁能源装备制造股份有限公司 权益分派暨西子转债转股价格调整 的临时受托管理事务报告 债券受托管理人 （住所：浙江省杭州市五星路 201 号） 二〇二五年五月 重要声明 本报告依据《可转换公司债券管理办法》、 《公司债券发行与交易管理办法》 （以下简称《管理办法》）、《公司债券受托管理人执业行为准则》（以下简称 《执业行为准则》）、《西子清洁能源装备制造股份有限公司可转换公司债券之 受托管理协议》（以下简称"《受托管理协议》"）等相关规定及其它相关信息披 露文件以及西子清洁能源装备制造股份有限公司（以下简称"西子洁能"、"发 行人"或"公司"）出具的相关说明文件以及提供的相关资料等，由受托管理人 浙商证券股份有限公司（以下简称"浙商证券"）编制。浙商证券编制本报告的内 容及信息均来源于西子洁能提供的资料或说明。 能源装备制造股份有限公司公开发行可转换公司债券跟踪评级报告》， 跟踪评级情况 西子转债的信用等级为 AA 级，发行人的主体信用等级为 AA 级，评级 展望为稳定 主承销商、债 浙商证 ...

Group 1: Company Overview and Financials - As of the end of Q1 2025, the company has an order backlog amounting to approximately CNY 1.681 billion [2][3] - The company has optimized its debt structure through support from its controlling shareholder and operational cash flow accumulation, leading to a reduction in overdue debt [3] Group 2: Production Capacity and Expansion Plans - The company is experiencing increased order volumes, leading to a saturation of production capacity [4] - Investments in smart CNC equipment and digital workshop construction are aimed at enhancing production efficiency [4] - The company is developing a manufacturing network with a core facility in Jinzhou and three specialized bases to improve delivery capabilities [4] Group 3: International Market Development - The company is expanding its overseas market presence, focusing on regions such as Central Asia, the Middle East, and North Africa [5][6] - In 2023, the company signed a contract for a synthetic ammonia compressor unit with a production capacity of 3,000 tons per day (approximately 1 million tons annually) [5] - The company has entered the natural gas long-distance pipeline sector through a project with the Central Asia Natural Gas Pipeline [6] Group 4: Product Applications and Future Directions - The company's equipment is primarily used in sectors such as petrochemicals, natural gas, and green energy [6] - Future focus areas include high-end technology, green manufacturing, and global service expansion, particularly in new energy sectors [6] Group 5: Policy Impact and Market Opportunities - National policies promoting equipment updates and domestic substitution are creating opportunities for the company's green product development [6] - The company has successfully completed performance testing for a 500,000-ton ethylene compressor and secured a project for a 400,000-ton synthetic ammonia compressor [6]

Group 1 - The core viewpoint emphasizes the transformation of state-owned enterprises towards high-end, intelligent, and green development, accelerating the pace of high-quality growth [1] - China Dongfang Electric Corporation has established itself as a leader in energy equipment, producing significant machinery such as the first domestically developed 300,000 kW steam turbine and the world's largest 26 MW offshore wind turbine [2][5] - The company has developed a large-scale digital workshop for clean energy equipment manufacturing, featuring advanced automation and intelligent production lines, contributing to major projects like the Three Gorges and Xiluodu hydropower stations [2][4] Group 2 - Dongfang Electric's subsidiary, Dongfang Turbine, has implemented advanced technologies such as 5G and machine vision, achieving a 90% equipment utilization rate and a 99% first-pass yield in its production lines [5] - The company is actively pursuing green transformation in the energy sector, with Dongfang Boiler successfully testing the world's largest chemical looping carbon capture system, achieving over 95% carbon capture efficiency [6][8] - The innovative chemical looping combustion technology developed by Dongfang Boiler significantly reduces the cost of carbon capture, with potential future costs dropping to around 100 yuan per ton, aiming for further reductions [9]

Core Viewpoint - The company has announced a specific stock issuance to certain parties, which may dilute immediate returns for existing shareholders, and has outlined measures to mitigate this impact [1][2][4]. Financial Impact Analysis - The company analyzed the impact of the stock issuance on key financial metrics, assuming a maximum issuance of 180 million shares and a total fundraising of 600 million yuan [2][3]. - The projected net profit for 2025, based on different growth scenarios (10% increase, flat, and 10% decrease), shows varying impacts on earnings per share and return on equity [4][5]. Risk of Dilution - Post-issuance, the company's total share capital and net asset scale will significantly increase, potentially leading to a decrease in return on equity if net profit growth does not keep pace with net asset growth [4][6]. Necessity and Rationality of Issuance - The issuance is deemed necessary to optimize capital structure, alleviate working capital pressure, and enhance market confidence, thereby improving the company's risk resilience [6][7]. Measures to Mitigate Dilution - The company will implement strict dividend policies to ensure shareholder returns, enhance marketing and customer service capabilities, and ensure legal and rational use of raised funds [7][8]. - A three-party supervision agreement will be established to oversee the use of raised funds, ensuring compliance with regulatory requirements [8][9]. Commitments from Key Stakeholders - The controlling shareholders and management have committed to not interfere with the company's operations and to uphold the interests of shareholders, with penalties for any breaches of these commitments [9][10]. Approval Process - The board of directors and supervisory board have approved the analysis and measures related to the dilution of immediate returns, with ongoing disclosures planned for the implementation of these measures [10][11].