董事会进一步宣布，董事会已建议委任胡有成担任非执行董事。建议委任胡有成为非执行董事须待股东 于股东大会上以普通决议案方式批准后方可作实，其任期将由公司股东大会审议通过之日起至第五届董 事会任期届满为止。 格隆汇11月24日丨新特能源(01799.HK)宣布，因接受任命专项从事特变电工股份有限公司(公司之控股 股东(定义见香港联合交易所有限公司证券上市规则)，「特变电工」)战略规划发展工作的调整，张建新 已辞任公司董事长、执行董事、战略委员会委员及提名委员会委员职务，自本公告日期起生效。 董事会进一步宣布，因工作调整，黄汉杰由公司非执行董事调任为执行董事，辞任公司审计委员会委员 及薪酬与考核委员会委员，并获委任为公司董事长、战略委员会委员及提名委员会委员，自本公告日期 起生效，直至第五届董事会任期届满为止。 ...

新特能源(01799.HK)发布公告，因接受任命专项从事特变电工股份有限公司(本公司的控股股东(证券上 市规则(上市规则))，"特变电工")战略规划发展工作的调整，张建新先生(张先生)已辞任本公司董事长 (董事长)、执行董事(执行董事)、战略委员会委员及提名委员会委员职务，自本公告日期起生效。 截至2025年11月24日收盘，新特能源(01799.HK)报收于7.16港元，下跌1.38%，成交量255.05万股，成交 额1822.18万港元。投行对该股的评级以买入为主，近90天内共有1家投行给出买入评级，近90天的目标 均价为10港元。国元国际最新一份研报给予新特能源买入评级，目标价10港元。 机构评级详情见下表： | 股票代码 股票简称 投行名称 发布日期 评级 目标价 (港元) | | --- | | 10.00 01799.HK 新特能源 国元国际 2025-09-19 买入 | 新特能源港股市值27.31亿港元，在电源设备行业中排名第7。主要指标见下表： | 指标 | 新特能源 | 电源设备 行业平均 | 行业排名 | | --- | --- | --- | --- | | ROE | -9.49% ...

董事会进一步宣布，董事会已建议委任胡有成担任非执行董事。建议委任胡有成为非执行董事须待股东 于股东大会上以普通决议案方式批准后方可作实，其任期将由公司股东大会审议通过之日起至第五届董 事会任期届满为止。 格隆汇11月24日丨新特能源(01799.HK)宣布，因接受任命专项从事特变电工股份有限公司(公司之控股 股东(定义见香港联合交易所有限公司证券上市规则)，「特变电工」)战略规划发展工作的调整，张建新 已辞任公司董事长、执行董事、战略委员会委员及提名委员会委员职务，自本公告日期起生效。 董事会进一步宣布，因工作调整，黄汉杰由公司非执行董事调任为执行董事，辞任公司审计委员会委员 及薪酬与考核委员会委员，并获委任为公司董事长、战略委员会委员及提名委员会委员，自本公告日期 起生效，直至第五届董事会任期届满为止。 ...

非執行董事 張新 獨立非執行董事 董事名單與其角色和職能 新特能源股份有限公司董事會（「董事會」）成員載列如下。 執行董事 黃漢杰 （董事長） 楊曉東 黃芬 呼維軍 XINTE ENERGY CO., LTD. 新特能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1799） 崔翔 C: 有關董事會委員會主席 M: 有關董事會委員會委員 中國，新疆 2025年11月24日 陳維平 譚國明 董事會下設4個委員會。下表提供各董事會成員所在委員會的成員資料。 | | 委員會 | 戰略委員會 | 提名委員會 | 薪酬與考核 | 審計委員會 | | --- | --- | --- | --- | --- | --- | | 董事 | | | | 委員會 | | | 黃漢杰 | | M | M | | | | 楊曉東 | | C | | | | | 黃芬 | | | M | | | | 呼維軍 | | | | M | | | 張新 | | M | | | M | | 崔翔 | | M | C | C | M | | 陳維平 | | M | M | M | M | | 譚國明 | | | M | M ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 XINTE ENERGY CO., LTD. 新特能源股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，因 接受任命專項從事特變電工股份有限公司（本公司之控股股東（定義見香港聯 合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）），「特變電工」）戰 略規劃發展工作的調整，張建新先生（「張先生」）已辭任本公司董事長（「董事 長」）、執行董事（「執行董事」）、戰略委員會委員及提名委員會委員職務，自本 公告日期起生效。 張先生已確認，其與董事會之間並無意見分歧，亦無任何其他事宜須提請本公 司股東（「股東」）或聯交所注意。 董事會謹此向張先生在任期間對本公司作出的貢獻表示衷心的感謝。 董事調任及委任董事長 董事會進一步宣佈，因工作調整，黃漢杰先生（「黃先生」）由本公司非執行董事 （「非執行董事」）調任為執行董事，辭任本公司審計委員會委員及薪酬與考核 新特能源股份有限公司 （於中華人民共 ...

Core Insights - The report from Guosen Securities indicates that the domestic wind power installation is expected to maintain a growth rate of 10%-20% in 2026, supported by saturated orders and stable prices [1][2] - The profitability of wind turbine manufacturers is improving quarterly, with export growth boosting performance, reflecting a synchronized recovery in both domestic and international markets [2] - The report emphasizes the importance of overseas expansion and AIDC (Artificial Intelligence Data Center) as key focus areas for 2026, with major domestic power equipment companies making breakthroughs in overseas markets and innovative products [1] Wind Power Sector - The wind turbine sector is experiencing a recovery in profitability, with significant growth in offshore wind installations and tenders, leading to increased orders and performance for related companies [2] - Key companies to watch in the wind power sector include Goldwind Technology, Sany Renewable Energy, Times New Materials, Daikin Heavy Industries, Oriental Cable, and Haile Wind Power [2] Lithium Battery Industry - The lithium battery supply chain is expected to see a reversal in the downward price trend, with significant recovery in profitability anticipated for most products in 2026 [2] - New technologies such as steel-shell batteries, silicon anodes, and large energy storage cells are expected to achieve mass supply in 2026, while solid-state battery technology is accelerating towards industrialization [2] - Recommended companies in the lithium battery sector include CATL, EVE Energy, Zhongchuang Innovation, Zhuhai Guanyu, Tianci Materials, Enjie, Dingsheng Technology, and Xiamen Tungsten [2] Energy Storage Market - The electrification transition is driving explosive growth in the global energy storage market, with domestic market demand leading to a surge in storage orders [3] - The demand for large-scale energy storage in the U.S. is increasing due to power supply shortages, while unstable grid conditions in Europe are also boosting storage needs [3] - Companies to focus on in the energy storage sector include CATL, EVE Energy, Sungrow Power, and Deye [3] Photovoltaic Sector - The photovoltaic supply side is undergoing adjustments, with new technologies such as silver-free materials and perovskite layers gaining attention [3] - The profitability of silicon materials is expected to recover, with silver-free products nearing mass production by 2026 [3] - Key companies in the photovoltaic sector include GCL-Poly Energy, Xinte Energy, Tongwei Co., and Juhua Materials [3] Investment Recommendations - The report suggests focusing on new technology investment opportunities, such as solid-state batteries and flexible converters [3] - Emphasis is placed on overseas expansion and performance improvement for leading companies in lithium batteries and wind turbine components [3] - Long-term beneficiaries in green electricity alternatives include secondary distribution equipment and charging pile operations [3]

Core Viewpoint - The photovoltaic sector is experiencing a decline in stock prices, with significant drops observed in major companies such as Xinyi Solar and New Energy, indicating a bearish market sentiment [1] Group 1: Stock Performance - Xinyi Solar (00968) fell by 6.07%, trading at HKD 3.25 [1] - New Energy (01799) decreased by 5.78%, trading at HKD 7.34 [1] - Flat Glass (601865) dropped by 4.8%, trading at HKD 10.92 [1] - Xinyi Glass (00868) declined by 2.09%, trading at HKD 8.92 [1] Group 2: Market Analysis - Guotou Futures reported that polysilicon futures are following industrial silicon prices downwards, with spot N-type re-investment material prices fluctuating between CNY 49,700 to CNY 54,900 per ton [1] - Overall demand for photovoltaics is weak, with terminal purchasing showing marginal declines and no inventory accumulation observed overseas [1] - There are expectations for a reduction in production in the module segment in December, while the battery cell segment faces significant inventory pressure [1] Group 3: Future Outlook - CICC's report suggests that after the rush for installations ends in the first half of 2025, photovoltaic demand is expected to weaken, although the performance of silicon materials and wafers may see significant recovery due to anti-involution efforts [1] - However, the pricing in the module segment is not showing clear upward trends [1] - According to招商期货, the "Document No. 136" mechanism for electricity pricing is being implemented across provinces, which is expected to put pressure on photovoltaic installation growth in the domestic market in the fourth quarter [1]

Core Viewpoint - The photovoltaic sector continues to experience a decline, with significant drops in stock prices for major companies, indicating weak overall demand and pricing pressures in the industry [1]. Group 1: Stock Performance - Xinyi Solar (00968) fell by 6.07%, trading at HKD 3.25 - Xinte Energy (01799) decreased by 5.78%, trading at HKD 7.34 - Flat Glass Group (06865) dropped by 4.8%, trading at HKD 10.92 - Xinyi Glass (00868) declined by 2.09%, trading at HKD 8.92 [1]. Group 2: Market Analysis - Guotou Futures reported that polysilicon futures are following industrial silicon prices downwards, with spot N-type raw material prices fluctuating between CNY 49,700 to CNY 54,900 per ton [1]. - The overall demand for photovoltaics is weak, with terminal purchasing showing marginal declines and no significant inventory accumulation overseas [1]. - There are expectations for a reduction in production in the module segment in December, while the battery cell segment faces significant inventory pressure [1]. Group 3: Future Outlook - According to CICC, after the end of the rush for installations in the first half of 2025, photovoltaic demand is expected to weaken, although the performance of silicon materials and wafers may see significant recovery due to anti-involution efforts [1]. - However, the pricing in the module segment is not showing clear upward trends [1]. - According to招商期货, the "Document No. 136" mechanism for electricity pricing is being implemented across various provinces, which is expected to put pressure on the growth of photovoltaic installations in the domestic market in the fourth quarter [1].

Group 1 - The core viewpoint of the article indicates a decline in solar stocks, with notable drops in companies such as New Energy (3.31% down), Flat Glass (2.81% down), Fuyao Glass (2.64% down), and Xinyi Solar (1.43% down) [1] - According to a report from招商期货, the production of silicon wafers and battery cells in November is expected to decrease by 4.9% and 1.0% respectively compared to October [1] - In September, the newly installed photovoltaic capacity was 9.66 GW, representing a year-on-year decrease of 53.8% and a month-on-month decrease of 31.25% [1] Group 2 - The introduction of the "Document No. 136" mechanism for electricity pricing is expected to put pressure on domestic photovoltaic installations in the fourth quarter [1] - Tongwei's Liu Hanyuan recently stated that the storage of silicon materials will not violate antitrust laws [1] - A report from 南华期货 indicates that the current market focus for polysilicon revolves around the establishment of a storage platform in November, with future expectations shifting towards the concentrated cancellation of warehouse receipts in November [1]

Group 1 - The core viewpoint of the article indicates a significant decline in the stock prices of photovoltaic companies, with New Special Energy down 3.31% to HKD 7.88, Flat Glass down 2.81% to HKD 11.43, Fuyao Glass down 2.64% to HKD 66.5, and Xinyi Solar down 1.43% to HKD 3.45 [1] - According to a report from招商期货, the production of silicon wafers and solar cells in November is expected to decrease by 4.9% and 1.0% respectively compared to October [1] - In September, the newly installed photovoltaic capacity was 9.66 GW, representing a year-on-year decline of 53.8% and a month-on-month decline of 31.25% [1] Group 2 - The implementation of the "Document No. 136" pricing policy is expected to put pressure on domestic photovoltaic installations in the fourth quarter [1] - Tongwei's Liu Hanyuan recently stated that the storage of silicon materials will not violate antitrust laws [1] - A report from 南华期货 indicates that the current market focus is on whether the silicon material storage platform will be established in November, with future expectations shifting towards the concentrated cancellation of warehouse receipts in November [1]