| 回购方案首次披露日 | 2024/4/30 | | --- | --- | | 回购方案实施期限 | 2024/4/28~2025/4/27 | | 预计回购金额 | 200,000 万元~400,000 万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 101,688,812 | | 累计已回购股数占总股本比例 | 2.2588% | | 累计已回购金额 | 万元 200,781.50 | | 实际回购价格区间 | 17.43 元/股~22.94 元/股 | 一、 回购股份的基本情况 公司于 2024 年 4 月 28 日召开第八届董事会第十八次会议，审议通过了《关于 以集中竞价交易方式回购公司股份的议案》。公司本次拟使用不低于人民币 20 亿 元（含）且不超过人民币 40 亿元（含）自有资金以集中竞价交易方式回购公司股 份，用于实施员工持股计划或股权激励。本次回购期限为自公司董事会审议通过回 购股份方案之日起 12 个月内。具体内容详见公司于 2024 年 4 月 30 日 ...

| 股票代码：600438 | 股票简称：通威股份 公告编号：2025-016 | | --- | --- | | 债券代码：110085 | 债券简称：通 22 转债 | 通威股份有限公司 关于异质结组件功率再次打破世界纪录的自愿性披露公告 在异质结技术领域，通威股份长期作为产业先行者，持续推动技术创新。2018 1 年通威股份于行业率先布局异质结技术；2021 年建成国内首条 GW 级异质结中试 线，并启动行业首例 210 半片异质结项目开发；2022 年 7 月，完成行业首条双面 微晶异质结电池研发线的开发。目前，通威股份已构建双面微晶技术、铜互连无 银金属化、0BB 组件技术三维度的"降本增效"生态链，并在铜互连技术方面形 成行业领先的可 GW 量产的整体方案。公司在异质结领域长期、深厚的技术积累 既为本次公司 THC 210 高效异质结组件功率再次打破世界纪录奠定坚实基础，未 来也将持续推动异质结规模化量产，引领光伏行业技术升级。 本次公司异质结组件功率再次打破世界纪录，体现了公司在以异质结技术为 代表的光伏产业各类前沿技术研发方面的深厚积累，有利于进一步强化公司在光 伏产业已建立的综合竞争能力，并 ...

Core Viewpoint - Tongwei Co., Ltd. has achieved a new world record in solar cell efficiency with its THC 210 high-efficiency heterojunction module, reaching a power output of 783.2W and a conversion efficiency of 25.21% [1] Group 1: Company Achievements - The THC 210 high-efficiency heterojunction module has set a new power output record, surpassing the previous record held by Tongwei itself [1] - This marks the eighth time that Tongwei has refreshed the world record for heterojunction module power [1] Group 2: Industry Context - Heterojunction technology in the photovoltaic sector is still transitioning from experimental to mass production and has not yet captured a dominant market position [1] - The recent breakthrough in module power output is not expected to have a significant impact on the company's production operations and financial situation by 2025 [1]

股票代码：600438 股票简称：通威股份 公告编号：2025-015 债券代码：110085 债券简称：通 22 转债 通威股份有限公司 关于对外提供担保的进展公告 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。 重要内容提示： 被担保人名称： 2025 年 2 月 1 日—2025 年 2 月 28 日期间（以下简称"本次期间"）公司担保事项被 担保人均为非上市公司关联人。被担保人如下：公司下属 6 家全资子公司：四川永祥 股份有限公司、通威太阳能（眉山）有限公司、蚌埠市通威新能源有限公司、前江通威 有限责任公司、和平通威有限责任公司、同塔通威有限责任公司；公司下属 3 家控股 子公司：通威太阳能（金堂）有限公司、越南天邦饲料有限公司、通威（海南）水产食 品有限公司；公司 2 家联营公司：贵港史记生物技术有限公司、湖北史记种猪畜牧有 限公司；公司部分客户。 本次期间担保金额及已实际为其提供的担保余额： 本次期间，公司及下属子公司相互提供担保金额为 8.78 亿元；公司及子公司为合 营、联营公司提供担保金额为 0.09 亿元； ...

Investment Rating - The report maintains a "Recommended" rating for the electrical equipment industry [3][22]. Core Insights - In January 2025, the central enterprises' wind power project bidding totaled 6.24GW, indicating an increase in market concentration among leading companies [4][10]. - The total approved wind power projects in January 2025 reached 11.3GW, with 85 projects, including 81 onshore and 2 offshore projects [4][10]. - The average bidding price for onshore wind projects (including towers) was 2199 RMB/kW, while the average price excluding towers was 1598 RMB/kW [4][10]. Summary by Sections Industry Performance Review - The photovoltaic index decreased by 0.59% from February 10 to 14, 2025, while the CSI 300 index increased by 1.19%, indicating underperformance of the photovoltaic sector [9]. - The wind power index fell by 1.65% during the same period, with only a few stocks showing positive growth [9]. Industry Updates - The bidding scale for central enterprise wind power projects in January 2025 saw a year-on-year decline of 70.4%, attributed to the large-scale project releases in 2024 and ongoing project planning and approval processes [5][11]. - Despite the decline in bidding scale, there are emerging characteristics in market concentration, regional distribution, and pricing trends, highlighting the competitive edge of comprehensive wind turbine manufacturers [5][11]. Key Companies - Notable companies in the sector include Dongfang Cable, Dajin Heavy Industry, Jinlei Co., Sunshine Power, and CITIC Bo [5].

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [1]. Core Insights - The wind power sector is experiencing accelerated export growth, with China's wind turbine exports reaching 5.19 GW in 2024, a year-on-year increase of 41.7% [7][14]. - The photovoltaic (PV) equipment sector is facing challenges with significant losses across the supply chain, prompting companies to adopt debt-to-equity swaps to mitigate cash flow issues [8][10]. - India's new mandatory energy storage policy for solar projects is expected to open up opportunities for Chinese energy storage companies in the Indian market [9][32]. Summary by Sections Wind Power - Wind power exports are on the rise, with major companies like Goldwind and Envision Energy leading the market, exporting 2.48 GW and 2.28 GW respectively in 2024 [14][15]. - The wind power index increased by 0.04% in the week of February 24-28, 2025, outperforming the CSI 300 index by 2.27 percentage points [16]. - The current price-to-earnings (P/E) ratio for the wind power sector is approximately 19.84 times [16]. Photovoltaic - Companies in the photovoltaic sector are implementing debt-to-equity swaps to address severe cash flow issues, with JinkoSolar and Aotai Technology being notable examples [8][10]. - The overall P/E ratio for the photovoltaic sector is around 35.2 times, indicating high valuation despite ongoing losses [4]. - The supply chain is under pressure, with upstream polysilicon production expected to decrease by 32%-46% in 2025, which may help stabilize prices in the future [8]. Energy Storage & Hydrogen - India's new policy mandates that all renewable energy projects include at least 10% co-located energy storage systems, potentially leading to a storage capacity of at least 14 GW by 2030 [9][32]. - The energy storage index saw a decline of 0.58%, with a current P/E ratio of 28.23 times [4]. - The hydrogen sector is also gaining attention, with companies focusing on electrolyzer technology and fuel cell systems [9]. Investment Recommendations - For wind power, focus on companies like Mingyang Smart Energy, Dongfang Cable, and Yaxing Anchor Chain due to favorable market conditions [9]. - In the photovoltaic sector, attention is drawn to companies like Longi Green Energy and Tongwei Co., as the industry undergoes significant changes [9]. - In energy storage, companies like Sungrow Power Supply and Sunking Electric are highlighted for their strong growth potential [9].

Core Viewpoint - Tongwei Co., Ltd. is expanding into the production of granular silicon through its subsidiary, Yongxiang New Energy, with a new project aimed at enhancing its competitive advantage in rod silicon manufacturing [1] Group 1: Project Details - The new project will add a pilot line for granular silicon with a capacity of 10,000 tons per year [1] - The project is described as a research and development initiative to support the competitive edge of rod silicon [1] Group 2: Technical Aspects - Tongwei has developed an independent technical pathway for the core processes, key parameters, and quality control systems, which are significantly different from other industry technologies [1] - Specific details regarding the technology and processes are not disclosed due to intellectual property protection and commercial confidentiality [1]

股票代码：600438 股票简称：通威股份 公告编号：2025-012 债券代码：110085 债券简称：通 22 转债 通威股份有限公司 关于控股股东股份质押的公告 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。 截止本公告披露日，通威集团累计质押股份情况如下： | 股东名称 | 持股数量 | | 本次解除质 | 本次解除质 | 占其所 | 占公司 | 已质押股份情况 | | 未质押股份情况 | 未质押股 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 持股比例 | 押/质押前累 | 押/质押后累 | 持股份 | 总股本 | 已质押股 | 已质押股 | 未质押股 | | | | （股） | | 计质押数量 | 计质押数量 | 比例 | 比例 | 份中限售 | 份中冻结 | 份中限售 | 份中冻结 | | | | | （股） | （股） | | | 股份数量 | 股份数量 | 股份数量 | 股份数量 | | 通威集团 有限公 ...

关于终止向江苏润阳新能源科技股份有限公司意向性增资的公告 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。 | 股票代码：600438 | 股票简称：通威股份 | | 公告编号：2025-010 | | --- | --- | --- | --- | | 债券代码：110085 | 债券简称：通 22 | 转债 | | 通威股份有限公司 三、双方拟探讨多晶硅业务经营合作的情况 润阳股份主营业务以高效太阳能产品的研发、生产和销售为主，同时涉足工 业硅、多晶硅、硅片、组件及光伏电站业务，目前已通过内蒙古润阳悦达新能源 科技有限公司和宁夏润阳硅材料科技有限公司（以下简称"项目公司"）形成多 晶硅产能超 13 万吨。通威股份作为全球多晶硅龙头企业，具有行业领先的技术、 管理及市场优势。 为促进产业资源高效利用，双方拟探讨项目公司多晶硅业务的经营合作：由 通威股份提供专业技术及管理支持等方式，协助项目公司进行经营管理提升，优 化项目公司多晶硅业务产业竞争力。具体合作事项尚在初步探讨中，存在不确定 性。根据《公司法》《上海证券交易所股票上市 ...

五、本次会议形成的决议如下： 股票代码：600438 股票简称：通威股份 公告编号：2025-011 债券代码：110085 债券简称：通 22 转债 通威股份有限公司 第八届监事会第二十次会议决议公告 本公司监事会及全体监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"）召开第八届监事会第二十次会议，现 将会议的相关情况及会议决议公告如下： 一、本次会议的会议通知及材料于 2025 年 2 月 13 日以书面、邮件和电话方式 传达给公司全体监事。 二、本次会议于 2025 年 2 月 14 日以现场方式召开。会议应到监事 3 人，实到 监事 3 人。本次会议由监事会主席邓三女士主持，会议的召开符合《公司法》《公 司章程》及其它相关法律、法规及规章的规定。 三、公司 3 名监事参与审议了会议的相关议案。 四、本次会议共审议 1 项议案，均获得全票通过。 1、审议《关于终止向江苏润阳新能源科技股份有限公司意向性增资的议案》 详见公司于 2025 年 2 月 15 日在上海证券交易所网站（http://www.sse ...