债券代码：110085 债券简称：通22转债 通威股份有限公司2025年度 股票代码：600438 股票简称：通威股份 公告编号：2025-088 ■ 本次发行的募集资金已于2025年12月10日全额到账。 本期债务融资工具发行情况的有关文件已在中国货币网（www.chinamoney.com.cn）和上海清算所网站 （www.shclearing.com）上公告。 特此公告。 通威股份有限公司 董事会 第四期绿色科技创新债券发行结果公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 通威股份有限公司（以下简称"公司"）第八届董事会第二十二次会议及2025年第一次临时股东大会审议 通过了《关于申请注册发行债务融资工具（DFI）的议案》，准许公司根据公司实际资金需求情况，在 中国银行间市场交易商协会注册有效期内择机一次或分期发行债务融资工具，具体内容详见公司在上海 证券交易所网站（www.sse.com.cn）披露的相关公告。 2025年4月28日，公司收到中国银行间市场交易商协会（以下简称"交易商协会"）下发的《接受注册通 ...

Core Viewpoint - The establishment of Guanghe Qiancheng Technology Co., Ltd. is seen as a significant development in the photovoltaic industry, acting as a "silicon material storage platform" aimed at fostering strategic cooperation among major industry players for sustainable development [1][2][10]. Company Summary - Guanghe Qiancheng is jointly owned by several key players in the photovoltaic sector, including Tongwei Co., Ltd., GCL-Poly Energy Holdings Limited, Daqo New Energy Corp., and Xinte Energy Co., Ltd. [1][3]. - Tongwei's subsidiary holds a 30.35% stake with a registered capital of 910.5 million yuan, while GCL-Poly holds 16.79%. Other shareholders include Shanghai Dongfang Hope New Energy Technology Co., Ltd. and Daqo New Energy, among others [3]. Industry Context - Guanghe Qiancheng is perceived as a "silicon material storage platform," although major silicon material manufacturers like Hongyuan Green Energy and Hoshine Silicon Industry have not participated in its establishment [2][5]. - The platform aims to explore strategic cooperation opportunities within the industry, focusing on technology upgrades, market expansion, and cost optimization, rather than solely on market expansion for individual companies [3][10]. Market Position - According to Bernreuter Research, in 2024, nine out of the top ten polysilicon manufacturers globally will be based in China, with Tongwei, GCL-Poly, Daqo, and Xinte collectively holding a 65% market share [4]. - The planned production capacity of non-participating companies like Hoshine Silicon and its subsidiary exceeds 80,000 tons, indicating a significant supply potential in the market [7][8]. Future Outlook - The establishment of Guanghe Qiancheng comes at a time when the global demand for polysilicon is expected to decline, with projections indicating a 10.07% decrease in new photovoltaic installations by 2026 [8]. - The industry is urged to manage production capacity effectively to align with the declining demand, highlighting the importance of the newly formed platform in fostering a sustainable industry ecosystem [8][10].

今年以来，在光伏行业整体"反内卷"的背景下，一些头部多晶硅企业筹划组建一个联合体，以淘汰 部分产能，并清偿业内积累的负债，该计划一度被业内称为"多晶硅收储"平台。 12月10日，期盼已久的多晶硅收储平台北京光和谦成科技有限责任公司（下称"光和谦成"）正式宣 布注册成立。 头部企业担任重要股东 工商资料显示，光和谦成注册资本高达30亿元，注册地址在北京朝阳区。股东由10家光伏、多晶硅 类企业构成，包括通威光伏科技（峨眉山）有限公司、协鑫科技咨询服务（苏州）有限公司、上海东方 希望新能源科技有限公司、新疆大全新能源股份有限公司、新特能源股份有限公司、亚洲硅业（青海） 股份有限公司、青海丽豪新能源科技有限公司、北京中光同合能源科技有限公司、新疆戈恩斯新能源科 技有限公司、青海南玻新能源科技有限公司。上述公司对应的持股比例分别为30.35%、16.79%、 11.3%、11.13%、10.12%、7.79%、5.13%、3.37%、2.02%以及2%。 作为业内两大龙头，通威股份与协鑫集团占据了全行业近七成硅料有效产能。在股东列表中，这两 家也是持股最高的企业，其中，通威股份通过孙公司通威光伏科技（峨眉山）有限公司持 ...

Core Viewpoint - The establishment of a silicon material storage platform marks a significant event in the photovoltaic industry, indicating a shift towards reducing production capacity and addressing overcapacity issues in the sector [2][5][21]. Group 1: Background and Development - The silicon material storage platform, named Beijing Guanghe Qiancheng Technology Co., Ltd., was officially established on December 9, with a registered capital of 3 billion [2]. - The platform was formed by ten photovoltaic companies, primarily silicon material producers, including Tongwei, GCL, and Daqo Energy [2][18]. - The industry has been anticipating the establishment of this platform since mid-2025, with various discussions and speculations circulating in the market [5][6]. Group 2: Market Reactions and Challenges - Following the announcement of the platform's establishment, major silicon material companies saw significant stock price increases, with some rising by 10% on the same day [6]. - However, negative sentiments emerged in November when claims of the "failure of anti-involution" led to a sharp decline in the photovoltaic sector, with the photovoltaic ETF dropping by 11.27% from November 12 to December 10 [9][8]. - The concerns regarding "anti-monopoly" issues have been cited as a major factor affecting the implementation of the anti-involution measures [11][14]. Group 3: Future Outlook - Despite the challenges, the photovoltaic industry is expected to reach a turning point, with potential for asset revaluation as the market begins to focus on the recovery of photovoltaic asset valuations [21][25]. - The effectiveness of the silicon material reduction plan will be crucial for improving the fundamentals and performance of photovoltaic companies [23]. - The anticipated recovery in the market is expected to begin in the first or second quarter of the following year, with price increases in silicon materials likely to benefit upstream companies first [24][25].

财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：安东 格隆汇12月10日丨通威股份(600438.SH)公布，近日，公司已完成2025年度第四期绿色科技创新债券发 行工作。债券名称：通威股份有限公司2025年度第四期绿色科技创新债券，债券简称：25通威 GN004(科创债)，实际发行总额：5.00亿元，兑付日：2027年12月10日，发行利率：2.07%。 本次发行的募集资金已于2025年12月10日全额到账。 ...

股票代码：600438 股票简称：通威股份 公告编号：2025-088 通威股份有限公司（以下简称"公司"）第八届董事会第二十二次会议及 2025 年第一次临时股东大会审议通过了《关于申请注册发行债务融资工具（DFI） 的议案》，准许公司根据公司实际资金需求情况，在中国银行间市场交易商协会 注册有效期内择机一次或分期发行债务融资工具，具体内容详见公司在上海证券 交易所网站（www.sse.com.cn）披露的相关公告。 2025 年 4 月 28 日，公司收到中国银行间市场交易商协会（以下简称"交 易商协会"）下发的《接受注册通知书》（中市协注[2025]DFI27 号）。《接受 注册通知书》中明确：交易商协会决定接受公司债务融资工具注册；注册自通知 书落款之日（2025 年 4 月 28 日）起 2 年内有效；公司在注册有效期内可分期 发行超短期融资券、短期融资券、中期票据、永续票据、资产支持票据、绿色债 务融资工具等产品，也可定向发行相关产品；每期发行时应确定当期主承销商、 发行产品、发行规模、发行期限等要素。具体内容详见公司于 2025 年 4 月 30 日在上海证券交易所网站（www.sse.com. ...

12月10日，南都湾财社记者从天眼查App获悉，北京光和谦成科技有限责任公司（以下简称"光和谦成公司"）于 12月9日注册成立，注册资本30亿元，注册地址在北京朝阳区。 记者注意到，光和谦成公司有10名股东，皆是光伏、多晶硅类企业，包括通威、协鑫、大全能源、新特能源等， 股权穿透背后，还有中国光伏行业协会的身影，因此有消息称该公司为传闻已久的"多晶硅收储平台"。 对此，中国光伏行业协会回应称"暂时不方便回应相关消息"。此前10月份，协鑫集团董事长朱共山就曾对国内光 伏龙头联合收储产能一事公开表态"我们17家（龙头）企业基本上都签字了。我们正在搭建联合体，争取年内完 成"。 此前11月12日，针对"多晶硅收储平台黄了"等小道消息，中国光伏协会在辟谣声明中表示，协会在相关部委的坚 强指导下努力推进行业自律和"反内卷"工作：从供需两端共同发力，市场化、法制化地推动相关工作。协会始终 坚信，在中央坚定指导支持下，行业，企业积极协调配合下，相关工作一定会成功。 南都湾财社记者摄 十大股东，通威、协鑫等"多晶硅大佬"悉数现身，光伏协会也参与其中 天眼查APP显示，光和谦成公司的10大股东包括：通威光伏科技（峨眉山）有限公 ...

Core Viewpoint - The establishment of Beijing Guanghe Qiancheng Technology Co., Ltd. marks a significant development in the photovoltaic industry, potentially serving as a platform for the integration and acquisition of polysilicon production capacity, although details remain unclear [1][10]. Company Overview - Guanghe Qiancheng is a limited liability company with a registered capital of 3 billion yuan, focusing on technology services, consulting, and management [2][10]. - The company is located in a relatively quiet area of Beijing, with limited visibility and presence in its office building [2][4]. Shareholder Structure - Guanghe Qiancheng has ten shareholders, predominantly from the polysilicon sector, with the largest shareholder being Tongwei Group's Tongwei Photovoltaic Technology, holding 30.35% [10][11]. - Other significant shareholders include GCL-Poly Energy and Shanghai Dongfang Hope New Energy, indicating strong backing from leading companies in the polysilicon market [10][11]. Industry Context - The formation of Guanghe Qiancheng is seen as part of a broader strategy among leading polysilicon companies to consolidate production capacity and optimize costs amid a challenging market environment [1][17]. - The current market for polysilicon remains under pressure, with prices stabilizing at low levels due to weak supply and demand dynamics [17].

光伏行业今年最为关注的大事件——硅料收储终于在2025年接近尾声时取得进展。 12月10日，贝壳财经记者查阅国家企业信用信息公示系统获悉，北京光和谦成科技有限责任公司（"光和谦成"）于12月9日正式成立。接近光和谦成股东以 及行业协会人士向贝壳财经记者证实，该公司即为硅料收储平台企业。 12月10日，贝壳财经记者前往光和谦成的注册地址，该处为一栋名为百思特大厦的办公楼，记者在B座6层未能找到注册信息中的B6221房间。大厦物业向贝 壳财经记者表示，光和谦成确实注册在这里，但目前公司人员不在。 工商信息显示，光和谦成注册资本30亿元，共有10名股东，包括9家硅料企业——新特能源（1799.HK）、大全能源（688303.SH）、通威股份 （600438.SH）旗下的通威光伏科技（峨眉山）有限公司、南玻A（000012.SZ）旗下的深圳南玻新能源产业发展有限公司、协鑫集团旗下的协鑫科技咨询服 务（苏州）有限公司、青海丽豪新能源科技有限公司、亚洲硅业（青海）股份有限公司、新疆戈恩斯能源科技有限公司与上海东方希望新能源科技有限公 司。另一名股东为中国光伏行业协会全资持有的北京中光同合能源科技有限公司。 | | 北京光 ...

Core Viewpoint - The establishment of a long-awaited silicon material storage platform company named "Beijing Guanghe Qiancheng Technology Co., Ltd." has been confirmed, with a registered capital of 3 billion yuan [1] Group 1: Company Formation - Guanghe Qiancheng was registered on December 9, with its registered capital set at 3 billion yuan and located in Chaoyang District, Beijing [1] - The company’s shareholder structure includes ten entities, with major shareholders being Tongwei Photovoltaic Technology (Emei Mountain) Co., Ltd. (30.35%), GCL-Poly Energy Holdings Limited (16.79%), and others [2][3] - The last shareholder, Beijing Zhongguang Tonghe Energy Technology Co., Ltd., is fully owned by the China Photovoltaic Industry Association, indicating industry association involvement [3] Group 2: Market Reaction - Following the announcement of Guanghe Qiancheng's establishment, the stock prices of several participating silicon material companies, including Tongwei and GCL-Poly, fell by over 3% on December 10 [5] - In contrast, the prices of polysilicon futures increased by over 1% on the same day [5] Group 3: Industry Context - The establishment of the storage platform is part of a broader effort to consolidate silicon material production capacity amid industry challenges [4] - Current average transaction prices for domestic N-type polysilicon materials have seen significant increases, with prices rising by 28.19%, 34.69%, and 30.15% for different types of materials compared to the beginning of the year [4]