截至月份: 2025年7月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 協鑫新能源控股有限公司 致：香港交易及結算所有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00451 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | 0.083333333334 | HKD | | 250,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | 0.083333333334 | HKD | | 250,000,000 | 本月底 ...

Group 1 - The core viewpoint of the article highlights the significant rise in Hong Kong's photovoltaic stocks, driven by industry efforts to control production capacity and expand demand scenarios [1] - The photovoltaic industry in China is expected to reach a major milestone in 2025, with cumulative installed capacity exceeding 1000GW, entering the "TeraWatt" era [1] - The China Photovoltaic Industry Association has raised its annual forecast, predicting that China's new installed capacity will reach 270-300GW in 2025, while global new installed capacity is adjusted to 570-630GW [1] Group 2 - Specific stock performance includes: - Kaisheng New Energy up 7.08% to 4.990 - Flat Glass up 5.28% to 10.760 - Shango New Energy up 3.67% to 2.260 - Xinyi Solar up 2.95% to 3.140 - Xinyi Glass up 1.36% to 8.210 - GCL-Poly Energy up 1.15% to 0.440 [1]

Core Viewpoint - The current state of the new energy vehicle (NEV) industry mirrors that of the photovoltaic (PV) industry, with both sectors facing challenges from price wars and cost-cutting measures that threaten innovation and overall industry health [1][2]. Group 1: Industry Challenges - The price war in the PV sector has led to a significant decline in prices across the supply chain, with prices for polysilicon and components dropping nearly 30%, despite a 28.3% year-on-year increase in new installations [2][3]. - Major PV companies, including Longi Green Energy and Tongwei Co., have reported substantial revenue declines and losses, indicating that the aggressive pricing strategies are unsustainable [2][3]. - The NEV industry is currently experiencing a similar price war, with many companies unable to differentiate their products, leading to increased losses and cash flow issues [2][3]. Group 2: Capacity Expansion and Market Dynamics - The PV industry has faced severe overcapacity, driven by both market competition and local government incentives, which has historically led to inefficiencies and a poor market experience [3][4]. - The NEV sector is beginning to see similar patterns, with calls from industry leaders to halt new factory constructions and instead utilize existing overcapacity [3][4]. - The PV industry is now encouraging mergers and acquisitions to consolidate and eliminate low-quality capacity, a trend that is expected to emerge in the NEV sector as well [4][5]. Group 3: Innovation and Intellectual Property - The lack of intellectual property protection has hindered innovation in the PV sector, with new technologies quickly becoming common knowledge and not providing competitive advantages to early innovators [5][6]. - The NEV industry is undergoing a transformation that emphasizes the importance of innovation, particularly in software and artificial intelligence, necessitating both investment in R&D and protection of innovative outcomes [5][6]. - A supportive market environment that encourages and protects innovation is essential for the long-term success of both the PV and NEV industries in the global market [6][7].

Core Viewpoint - The current state of the new energy vehicle (NEV) industry mirrors that of the photovoltaic (PV) industry, with both sectors facing challenges from price wars and cost-cutting measures that threaten innovation and overall profitability [1][2]. Group 1: Industry Challenges - The price war in the PV sector has led to a significant decline in prices across the supply chain, with prices for polysilicon and components dropping nearly 30%, despite a 28.3% year-on-year increase in new installations [2]. - Major PV companies, including Longi Green Energy and Tongwei Co., have reported substantial revenue declines and losses, indicating that the aggressive pricing strategies are unsustainable [2][3]. - The NEV industry is experiencing similar pressures, with some companies facing increasing losses and cash flow issues, highlighting the risks of relying solely on price competition [2][3]. Group 2: Capacity Expansion and Market Dynamics - The PV industry has seen severe overcapacity, driven by both market competition and local government incentives, which has historically led to inefficiencies and market saturation [4]. - The NEV sector is beginning to echo these patterns, with calls from industry leaders for a halt to new factory constructions in favor of utilizing existing overcapacity [4][5]. - Mergers and acquisitions are being encouraged in both industries as a means to consolidate and eliminate low-quality capacity, supported by recent regulatory changes [4][5]. Group 3: Innovation and Intellectual Property - The lack of intellectual property protection has hindered innovation in the PV sector, where new technologies quickly become widely adopted without adequate rewards for the original innovators [6][7]. - The NEV industry must prioritize protecting innovation and fostering a supportive environment for technological advancements to avoid repeating the mistakes of the PV sector [6][7]. - A collaborative approach involving policy support is essential for creating a market environment that encourages and protects innovation across both industries [7][8].

光伏资讯 | PV-info 近日，光伏行业各企业均发布2024年报，光伏资讯整理了各企业高管简历及薪酬情况。 一、董事会成员 1、朱钰峰：董事长 朱钰峰先生：1981 年 6 月出生，中国国籍，无境外居留权，毕业于加拿大 George Brown College（乔治 布朗学院）工商管理学院。现任协鑫集团党委书 记、副董事长兼总裁、协鑫集团有限公司（PRC）董事、 协鑫科技控股有限公司（股票代号：03800.HK）董事会副主席、协鑫新能源控股有限公司（股 票代号： 00451.HK）董事会副主席、协鑫能源科技股份有限公司（股票代号：002015.SZ）董事长、协鑫集成董事 长。 朱钰峰先生同时还担任中华全国青年联合会常务委员会委员、中国青年企业家协会副会长、中国电力企 业联合会副理事长、江苏省总商会副会长、江苏 省青年商会会长、苏州市工商业联合会委员会副主席、 政协苏州市委员会委员等社会职务。另外，朱钰峰先生还荣膺"2017 中国新能源十大年度人物"、 "2017 年度臻善领袖奖"、"2021 年度中国能源行业领军人物"、"2022 年度商业创新领袖"、"2023 年度江苏财经人物"等荣誉。 报告期内从公司 ...

Financial Performance - In 2024, the company reported a revenue of RMB 1,108 million, a significant increase from RMB 730 million in 2023, representing a growth of approximately 51.8%[10] - For the fiscal year ending December 31, 2024, the company reported a loss attributable to shareholders of RMB 1,166 million, a decrease from a loss of RMB 424 million in the previous year, primarily due to the expansion of its photovoltaic power station management services[26] - Revenue from photovoltaic power station management services increased by RMB 44.7 million, from RMB 227.9 million to RMB 272.6 million[26] - The company entered the LNG market, generating sales revenue of RMB 730 million, a significant increase from RMB 8.6 million in the previous year[27] - Total revenue for the fiscal year was RMB 1,107.8 million, up from RMB 831.5 million, driven by increased LNG business revenue[33] - The company's gross profit margin for the fiscal year was 11.5%, down from 45.8% in the previous year, mainly due to lower margins in the LNG and related products trading business[36] - The company reported a cumulative loss and distributable reserves of RMB 416,746,000 as of December 31, 2024, compared to RMB 1,352,462,000 as of December 31, 2023[187] Operational Growth - The installed capacity of subsidiary power stations connected to the grid increased to 1,200 MW in 2024, up from 600 MW in 2023, marking a 100% increase[11] - The installed capacity for operational management services reached 12.5 GW in 2024, up from 7.2 GW in 2023, indicating a growth of 74.3%[13] - The company signed contracts to provide management services for photovoltaic power stations with a total installed capacity of approximately 12.5 GW, a 74% increase from 7.2 GW as of December 31, 2023[26] - The company is actively expanding its overseas market presence, leveraging partnerships with state-owned enterprises in Africa and Southeast Asia[23] Cost Management - The company reported a financing cost reduction of 88% from RMB 444 million in 2023 to RMB 51 million in 2024[15] - Administrative expenses decreased by 36.6% to RMB 269.4 million, mainly due to reduced employee costs and depreciation after the sale of photovoltaic stations[27] - Financing costs decreased from RMB 443.9 million to RMB 51.4 million, primarily due to the company's transformation into a light-asset enterprise and debt repayment[27] - The total employee cost for the year ended December 31, 2024, was approximately RMB 223 million, a decrease from RMB 251 million in 2023[71] Strategic Initiatives - The company has positioned natural gas as its "second growth pole," with GCL Natural Gas (Singapore) Pte. Ltd. established in October 2024, and the first LNG shipment successfully arriving at the Tianjin South Port LNG receiving station[22] - The company aims to enhance its international LNG trade and derivative transactions by establishing long-term procurement agreements, thereby increasing its market influence[22] - The company is focusing on a "station-trade integration" strategy to diversify its business and ensure sustainable development in the natural gas sector[20] - The "Xinyi Lian" energy management platform V3.0 was launched, featuring 178 models across 8 functional modules, aimed at creating a comprehensive energy management digital solution[23] Governance and Leadership - The company emphasizes its commitment to corporate governance with various committees led by experienced directors[82] - The board comprises members with diverse expertise in finance, accounting, and corporate governance, contributing to strategic decision-making[91][93][98][103][107] - The company is committed to maintaining high standards of corporate governance and transparency through its board composition and committee structures[98] - The company has established a risk management and corporate governance committee to oversee risk management functions[165] Risk Management - The company is facing risks related to market-driven electricity pricing and the unpredictability of LNG and related product prices, which could impact future performance[64][66] - The board is responsible for reviewing the company's risk management and internal control systems for 2023 and planning for 2024[169] - The company has implemented a key risk indicator (KRI) system to quantify and monitor risk levels effectively[132] - The internal control function operates independently from daily operations and has reported directly to the corporate governance committee, ensuring effective risk management and internal controls[135] Environmental Commitment - The company is committed to environmental protection, adhering to national and local laws, and implementing internal management standards for environmental protection[178] - The company is focused on reducing energy consumption and emissions through the use of clean energy generated by its photovoltaic power stations[178] Shareholder Engagement - The board recommended not to declare a final dividend for the reporting period[185] - The company made charitable donations of approximately RMB 2,500,000 during the reporting period[188] - The company raised approximately HKD 59.7 million from the placement of 233,487,154 shares at HKD 0.26 per share, representing about 16.67% of the enlarged issued share capital[196] - The net proceeds from the placement were fully utilized for investments and R&D costs related to natural gas, LNG, and integrated energy project management, as well as general working capital[197]

与全市场同类产品比，表现也十分突出。特别是在刚过去的2024年，海富通沪深300指数增强A类份额 全年收益率高达22.20%，在全市场沪深300指数增强基金中排名中录得第一，业绩表现突出；近三年维 度看，截至今年3月末，该产品A类份额（004513）实现了7.81%的收益率，远超同期业绩比较基准 的-7.31%，在全市场沪深300指数增强基金中排名同样录得第一。 基金份额上看，2024年海富通沪深300指数增强基金A类、C类份额合计增加19.71亿份，规模合计增加 24.36亿元。 近期，美国所谓"对等关税"引发海外市场剧烈震荡。美股剧烈波动，美东时间4月10日，美国股市在经 历周三的大幅上涨后迅速陷入调整，三大股指均以大幅下跌收盘。与此同时，不仅30年期美债收益率正 开始重新向5%关口迈进，美元也遭遇了罕见的断崖式暴跌，周五盘初已迅速跌破了100大关。 国内市场看，据媒体报道，本周以来，A股市场迎来声势浩大的"回购增持潮"。据统计，最近三个交易 日内（4月7日—4月9日）拟回购金额上限加增持金额上限，两项合计金额高达803.06亿元，较今年3月 全月的199.4亿元规模激增逾三倍。此次"回购增持潮"是政策引 ...

根据财报，协鑫新能源2024年的主要营收来源于光伏电站经营及管理服务、电力销售及店家补贴收入、 太阳能相关配套服务以及LNG及相关业务四个业务板块，但可以归类为"光伏+天然气"两大类业务。这 其中，该公司光伏板块业务营收为3.78亿元，天然气及相关产品贸易业务收入为7.30亿元。 该公司表示，其去年亏损收窄主要得益于公司在光伏电站经营及管理服务业务的持续扩展，以及LNG 业务的快速增长。 作为曾经的民营光伏电站头部企业，协鑫新能源在过去几年完成光伏电站的转让，仅保留运营业务。这 也是外界所看到的，协鑫新能源通过不断剥离电站资产从而走上轻资产转型之路的策略。 21世纪经济报道记者曹恩惠、实习生孙晨阳上海报道 民营新能源龙头企业协鑫集团旗下又一家上市公司2024年度业绩揭晓。 3月26日，协鑫新能源(00451.HK)发布2024财年财报。财报显示，协鑫新能源去年实现营业收入约11.08 亿元(人民币，下同)，较2023年增长33.1%；亏损约4.24亿元，较2023年大幅收窄。 财报显示，截至2024年12月31日，协鑫新能源为总装机容量约12.5GW的光伏电站提供经营及管理服 务，较2023年增加74%。这部 ...

Core Viewpoint - GCL-Poly Energy (00451) has demonstrated resilience and growth in its 2024 annual performance report, achieving a low debt ratio and sustainable growth momentum through business optimization and digital operations [1][2]. Group 1: Financial Performance - In 2024, GCL-Poly Energy reported total revenue of 1.108 billion yuan, a 33% increase from 832 million yuan in 2023 [2]. - The company's debt ratio has been reduced to 20.8%, a decrease of over 63.3 percentage points since the beginning of its strategic transformation [2]. Group 2: Business Transformation - The company has successfully transitioned from a heavy asset model to a light asset model, focusing on high-quality growth and creating a strategic closed-loop system for clean energy production, storage, and application [2]. - GCL-Poly Energy has completed the strategic exit from holding global power plants, shifting entirely to a light asset service platform model [2]. Group 3: New Growth Engines - The business structure has significantly changed, forming a dual pillar model of "LNG trade + post-operation services," with LNG trade sales reaching approximately 445,000 tons and revenue exceeding 730 million yuan, accounting for 65.9% of total revenue [3][4]. - The company has positioned natural gas as a "second growth pole," with deep investments in LNG import, storage, and distribution networks [4]. Group 4: Digital Transformation - GCL-Poly Energy has launched the "Xinyilian" comprehensive energy management platform 3.0, integrating AI diagnostics, drone inspections, and big data predictive maintenance, which can enhance power station efficiency by 3%-5% [6]. - The company is expanding its services in wind power, independent energy storage, and distributed household markets, while deepening collaborations with state-owned enterprises and local energy groups [6].

协鑫新能源将天然气定位为"第二增长极"，并已在这一领域进行了深度布局。GCL Natural Gas (Singapore) Pte. Ltd.(协鑫天然气(新加坡)有限公司)于2024年10月初落户新加坡，同年10月31日，其自营 进口的首船液化天然气(LNG)顺利抵达北京燃气天津南港 LNG接收站。目前，其天然气贸易团队正在 通过推动数个天然气长约和中短约採购打造国际资源池，积极开展国际天然气贸易和衍生品交易。围绕 协鑫如东LNG项目的投产与运营，协鑫新能源提前部署，积极吸引第叁方战略合作伙伴租赁并使用接 收站设施，稳步推进与战略合作伙伴签署接收站中长期使用协议，为"站贸"活动引进额外资源，确保国 内外贸易采购与销售的顺畅衔接，增强协鑫市场影响力。另一方面，稳定推进签署国际LNG採购长 协，积极与国际一流企业和国内行业领先企业建立商务合作关系，以获取国际LNG资源并开展自营贸 易，从而提高如东接收站在窗口期的自用使用率。同时，积极开发包括城市燃气、贸易商、工业点供、 运贸一体化企业及加气站在内的国内下游客户，构建更为紧密的天然气供应链体系，确保接收站的稳定 运营。 近年来，协鑫新能源积极组建海外市场营销团 ...