兰州长城电工股份有限公司2026年日常关联交易公告：二一三公司与长控公司向关联方销售商品总额2515.42万元

兰州长城电工股份有限公司披露日常关联交易，合计金额2515.42万元

兰州长城电工股份有限公司关于日常关联交易的公告详细解读

一、主要事项概览

2026年3月24日，兰州长城电工股份有限公司（简称“长城电工”）发布公告称，公司全资子公司天水二一三电器集团有限公司（简称“二一三公司”）和控股子公司天水长城控制电器有限责任公司（简称“长控公司”）拟向控股股东的子公司甘肃工大舞台技术工程有限公司（简称“工大舞台”）、甘肃电气装备集团甘电科技工程有限公司（简称“甘电科技”）及甘肃长开机电设备有限公司（简称“长开机电”）销售生产商品，总金额高达2515.42万元。此次交易属于日常经营关联交易。

二、关键内容及详情

交易内容：涉及销售“MNS低压柜、低压母线桥架、GGD配电柜、KYN28A-12中压开关柜、GCS、直流屏”等电气产品，合计金额2515.42万元。
交易对手及金额分配：
- 二一三公司向工大舞台销售，金额1100.80万元
- 二一三公司向甘电科技销售，金额1037.34万元
- 长控公司向长开机电销售，金额377.28万元
关联方背景：
- 工大舞台、甘电科技为公司控股股东甘肃电气装备集团有限公司全资子公司，长开机电为其控股子公司。
- 工大舞台资产规模39977.98万元，净资产12931.11万元，2025年前九个月营业收入16430.13万元，净利润587.34万元。
- 甘电科技资产9711.23万元，净资产为负（-7120.81万元），2025年前九个月营业收入4240.64万元，净利润为负（-431.73万元）。
- 长开机电资产1872.91万元，净资产289.67万元，营业收入1194.26万元，利润总额为负（-125.74万元）。
定价原则：关联交易定价参照市场价格，遵循“公开、公平、公正”原则，以市场行情或第三方同类产品/服务价格为依据。
审批流程：董事会和独立董事已审议通过，关联董事回避表决，符合上海证券交易所相关规定。本次交易金额未超过公司最近一期经审计净资产的5%，无需提交股东大会审议。

三、对公司及投资者的影响分析

本次关联交易属于公司日常生产经营活动，旨在充分利用关联方资源，实现优势互补和资源合理配置，提升经营效益。
交易价格公允合理，不存在损害公司及中小投资者利益的情形，也不会对公司经营独立性造成影响，公司不会因本次交易而对关联方形成重大依赖。
独立董事认为本次交易未发现利益输送行为，无异议通过。

四、投资者需关注的潜在影响及价格敏感信息

正面影响：交易有助于提升公司营业收入和产能利用率，若顺利实施，或将对公司2026年业绩产生正面影响，尤其在当前下游需求逐步恢复的背景下，公司产品销售进一步拓展。
风险提示：关联方中有公司处于亏损状态（如甘电科技和长开机电），需关注其履约能力；但整体交易金额占净资产比重较小，短期内风险可控。
价格敏感性：由于交易金额较大（2515.42万元），且客户为控股股东旗下子公司，体现公司内部产业协同，或对市场情绪产生正面拉动作用。

五、结论

本次日常关联交易金额较大，显示公司业务持续拓展和与控股股东体系的资源整合能力，若后续产品交付和回款顺利，可能成为推动公司业绩增长和提升市场估值的积极因素，值得投资者关注。

免责声明： 本文仅为信息解读，不构成任何投资建议。投资者据此操作，风险自负。请以公司公告及相关法律法规为准。

Detailed Review of Lanzhou Great Wall Electrical’s Related Party Transactions Announcement

1. Overview of Key Matters

On March 24, 2026, Lanzhou Great Wall Electrical Co., Ltd. (“Great Wall Electrical”) announced that its wholly-owned subsidiary Tianshui 213 Electrical Group Co., Ltd. (“213 Company”) and its holding subsidiary Tianshui Great Wall Control Electrical Co., Ltd. (“Great Wall Control”) plan to sell products to subsidiaries of its controlling shareholder—Gansu Gongda Stage Technology Engineering Co., Ltd. (“Gongda Stage”), Gansu Electric Equipment Group Gandian Technology Engineering Co., Ltd. (“Gandian Technology”), and Gansu Changkai Electromechanical Equipment Co., Ltd. (“Changkai Electromechanical”)—with a total amount of RMB 25.1542 million. These transactions are part of routine related party dealings.

2. Key Details

Transaction Content: Sales of products including MNS low-voltage cabinets, low-voltage busbar bridges, GGD power distribution cabinets, KYN28A-12 medium-voltage switch cabinets, GCS, DC panels, etc., with a total value of RMB 25.1542 million.
Counterparties and Transaction Amounts:
- 213 Company to Gongda Stage: RMB 11.008 million
- 213 Company to Gandian Technology: RMB 10.3734 million
- Great Wall Control to Changkai Electromechanical: RMB 3.7728 million
Related Party Background:
- Gongda Stage and Gandian Technology are wholly owned subsidiaries of the controlling shareholder; Changkai Electromechanical is also a holding subsidiary.
- Gongda Stage: RMB 399.78 million in total assets, RMB 129.31 million net assets, RMB 164.3 million revenue, RMB 5.87 million net profit as of September 2025.
- Gandian Technology: RMB 97.11 million in assets, negative RMB 71.21 million in net assets, RMB 42.41 million revenue, negative RMB 4.32 million net profit as of September 2025.
- Changkai Electromechanical: RMB 18.73 million in assets, RMB 2.9 million net assets, RMB 11.94 million revenue, negative RMB 1.26 million total profit as of September 2025.
Pricing Principle: Transactions are priced by reference to market prices or comparable third-party products/services, ensuring fairness and transparency.
Approval Process: Reviewed and approved by the Board of Directors and independent directors, with related directors abstaining. As the transaction amount is less than 5% of the latest audited net assets, it does not require shareholder meeting approval as per Shanghai Stock Exchange rules.

3. Impact Analysis

The transactions are regular business dealings aimed at leveraging group resources, improving operational efficiency, and supporting sustainable growth.
Prices are set fairly, with no evidence of interest transfer or harm to minority investors. The company’s independence is not affected, and no major dependency on related parties is created.
Independent directors have unanimously approved, finding no objections.

4. Potential Impact and Price Sensitivity

Positive Impact: The transaction could increase revenue and utilization rates, potentially benefiting 2026 results, especially as downstream demand recovers.
Risks: Some related parties are loss-making (e.g. Gandian Technology and Changkai Electromechanical), so their execution ability should be monitored, though the current amounts are manageable.
Price Sensitivity: The transaction amount is significant and shows enhanced intra-group integration, which may positively impact market sentiment.

5. Conclusion

This significant related party transaction highlights the company’s ongoing business expansion and resource integration with its controlling shareholder. If deliveries and payments proceed smoothly, this could boost performance and valuation, making it noteworthy for investors.

Disclaimer: This article is for information only and does not constitute investment advice. Investors should make decisions at their own risk and refer to official company disclosures and applicable regulations.