| 证券代码：600481 | 证券简称：双良节能 | 编号：2025-065 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 双良节能系统股份有限公司 1、情况说明 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个别及连带责任。 双良节能系统股份有限公司（以下简称"公司"）自上市以来，严格按照《中 华人民共和国公司法》《中华人民共和国证券法》和中国证券监督管理委员会、 上海证券交易所等监管部门的有关规定，致力于完善公司治理结构，建立健全内 部控制制度，规范公司运营，促进公司持续、稳定、健康发展，不断提高公司的 治理水平。 根据相关要求，公司现将最近五年被证券监管部门和交易所处罚或采取监管 措施情况说明如下： 一、最近五年被证券监管部门和交易所处罚的情况 公司最近五年不存在被证券监管部门和交易所处罚的情况。 二、最近五年被证券监管部门和交易所采取监管措施及整改情况 2024 年 1 月公司被上海证券交易所口头警示，警示内容如下： 经查明，2023 年 12 月 30 日，双良节能系 ...

| 证券代码：600481 | 证券简称：双良节能 | 公告编号：2025-069 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 双良节能系统股份有限公司 关于签订海外日常经营合同的公告 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个别及连带责任。 重要内容提示: 合同类型及金额： 合同类型：日常经营性合同 合同金额：11,900 万美元 交货期限：自开工日期起 39 个月。 对上市公司当期业绩的影响：本合同将按照供货进度逐步确认收入。若 本合同顺利履行，对公司未来业绩将产生一定积极影响，且不影响公司经营的独 立性。 特别风险提示： 1、履约风险：合同双方均具有履约能力，在未来合同履行过程中如果遇到 外部宏观环境重大变化、国内外有关政策变化、客户项目调整、原材料价格的大 幅波动、长距离运输风险以及其他不可预见或不可抗力等因素，有可能会导致合 同无法全部履行或公司盈利不达预期。 本项目交货周期较长，公司业务收入将按照履约预付款-发货款-验收款的模 式逐步确认，存在跨年度确认收入的 ...

证券代码：600481 证券简称:双良节能 转债代码：110095 转债简称:双良转债 双良节能系统股份有限公司 2025 年度向特定对象发行股票 募集资金使用可行性分析报告 二〇二五年十月 一、本次募集资金的使用计划 本次向特定对象发行募集资金总额预计不超过 129,199.00 万元（含本数）， 在扣除发行费用后将全部用于以下项目： 除补充流动资金项目外，本次募集资金将全部用于投资上述项目的资本性支 出部分，非资本性支出由公司通过自筹方式解决。在本次向特定对象发行募集资 金到位之前，公司将根据募集资金投资项目进度的实际情况以自筹资金先行投入， 并在募集资金到位后按照相关规定的程序予以置换。 若实际募集资金净额少于上述拟投入募集资金金额，在最终确定的本次募集 资金投资项目范围内，公司将根据实际募集资金数额，按照项目的轻重缓急等情 况，调整并最终决定募集资金的具体投资项目、优先顺序及各项目的具体投资额， 募集资金不足部分由公司自筹解决。 二、本次向特定对象发行股票的背景 （一）本次向特定对象发行股票的背景 （1）节能降碳领域 2024 年 12 月，中央经济工作会议强调，要协同推进降碳减污扩绿增长，加 紧经济 ...

| 证券代码：600481 | 证券简称：双良节能 | 编号：2025-066 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 双良节能系统股份有限公司 特此公告。 双良节能系统股份有限公司 二〇二五年十月二十四日 关于本次向特定对象发行股票不存在直接或通过利益相关方 第 1 页 共 1 页 向参与认购的投资者提供财务资助或补偿的公告 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个别及连带责任。 双良节能系统股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日召 开九届董事会 2025 年第一次临时会议，审议通过了公司 2025 年度向特定对象发 行股票相关事项的议案。现就本次向特定对象发行股票中公司不存在直接或通过 利益相关方向参与认购的投资者提供财务资助或补偿事宜承诺如下： 公司不存在向参与认购的投资者做出保底保收益或者变相保底保收益承诺 的情形，不存在直接或者通过利益相关方向参与认购的投资者提供财务资助或者 其他补偿的情形。 ...

| 证券代码：600481 | 证券简称：双良节能 | 公告编号： 2025-067 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 双良节能系统股份有限公司 关于召开2025年第五次临时股东会的通知 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。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第五次临时股东会 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七) 涉及公开征集股东投票权 不适用 召开的日期时间：2025 年 11 ...

| 证券代码：600481 | 证券简称：双良节能 | 编号：2025-061 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 双良节能系统股份有限公司 表决结果：同意：8 票，反对：0 票，弃权：0 票 详情请见同日公司于上海证券交易所网站（www.sse.com.cn）及指定媒体披 露的相关公告（公告编号 2025-062）。 3、审议通过《关于公司符合向特定对象发行股票条件的议案》 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个别及连带责任。 双良节能系统股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日以 书面送达及口头方式向各位董事发出召开公司九届董事会 2025 年第一次临时会 议的通知，会议于 2025 年 10 月 23 日以现场结合通讯方式召开，会议应出席董 事 8 名，实际出席董事 8 名。会议召开符合《公司法》等有关法律、法规、规范 性文件和《公司章程》的规定。会议由董事长缪文彬先生主持，审议并通过了如 下议案： 1、审议通过《关于审议并披 ...

Financial Performance - The company's operating revenue for the current period is CNY 1,688,388,279.42, a decrease of 49.86% compared to the same period last year[5] - The total profit for the current period is CNY 72,751,518.26, an increase of 166.08% year-on-year[5] - The net profit attributable to shareholders for the current period is CNY 53,177,929.61, reflecting a 164.75% increase compared to the same period last year[5] - The basic earnings per share for the current period is CNY 0.0284, up 164.75% year-on-year[6] - The weighted average return on equity is 1.26%, an increase of 2.91 percentage points compared to the previous year[6] - The net loss for the first three quarters of 2025 was CNY 547,661,811.81, compared to a net loss of CNY 1,344,654,423.78 in the same period of 2024[22] - The operating profit for the first three quarters of 2025 was CNY -638,510,743.68, an improvement from CNY -1,604,861,415.84 in 2024[22] - The basic earnings per share for the first three quarters of 2025 was CNY -0.2901, compared to CNY -0.7160 in the same period of 2024[22] Revenue and Costs - The company experienced a 41.27% decrease in operating revenue year-to-date, primarily due to reduced sales in the photovoltaic product sector[9] - Total operating revenue for the first three quarters of 2025 was CNY 6,076,398,901.31, a decrease of 41.5% compared to CNY 10,346,604,131.14 in the same period of 2024[21] - Total operating costs for the first three quarters of 2025 were CNY 6,568,014,689.35, down 42.5% from CNY 11,434,187,255.83 in 2024[21] - The company has seen a significant reduction in operating costs by 45.43%, attributed to decreased sales in the photovoltaic sector[10] Cash Flow - The cash flow from operating activities for the year-to-date is CNY 1,749,106,478.58, an increase of 262.63% year-on-year[5] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 7,084,832,597.41, a decrease of 13.6% compared to CNY 8,203,445,609.04 in the same period of 2024[23] - The net cash flow from operating activities turned positive at CNY 1,749,106,478.58, compared to a negative CNY 1,075,489,435.54 in the previous year[23] - Cash outflow for purchasing goods and services was CNY 4,171,346,616.76, down 45.5% from CNY 7,665,757,419.38 in 2024[23] - The net cash flow from investing activities was negative at CNY -135,554,150.56, worsening from CNY -67,832,343.06 in the previous year[24] - Cash inflow from financing activities increased to CNY 10,063,871,127.35, up from CNY 9,746,780,566.89 in 2024[24] - The net cash flow from financing activities was negative at CNY -1,775,802,522.73, compared to CNY -105,175,343.47 in the same period last year[24] - The ending cash and cash equivalents balance decreased to CNY 341,088,401.26 from CNY 723,505,756.53 in 2024[24] Assets and Liabilities - The total assets at the end of the reporting period amount to CNY 25,496,915,262.81, a decrease of 8.06% from the previous year[6] - The total assets decreased from CNY 27,731,165,581.57 in 2024 to CNY 25,496,915,262.81 in 2025, a reduction of approximately 8.1%[18] - Total liabilities decreased from CNY 22,953,774,837.57 in 2024 to CNY 20,883,701,045.08 in 2025, a decline of about 9.0%[18] - The company's total equity decreased from CNY 4,777,390,744.00 in 2024 to CNY 4,613,214,217.73 in 2025, a drop of approximately 3.4%[18] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 1,873,771,378 shares[13] - The largest shareholder, Shuangliang Group Co., Ltd., holds 329,370,517 shares, accounting for 17.58% of total shares[13] - The second-largest shareholder, Shanghai Tongsheng Yongying Enterprise Management Center, holds 319,222,403 shares, representing 17.04%[13] Inventory and Investments - Total current assets as of September 30, 2025, were 10,332,572,260.24 RMB, down from 11,960,253,567.84 RMB at the end of 2024[16] - Inventory increased to 1,708,635,343.35 RMB from 1,551,762,408.03 RMB year-over-year[16] - Long-term equity investments were valued at 518,709,700.93 RMB, slightly down from 541,798,689.03 RMB[16] - The company reported a 104.84% decrease in investment income, primarily due to losses from joint ventures[10] Impairment Losses - Credit impairment losses decreased to 81.47 million RMB, primarily due to reduced bad debt provisions[11] - Asset impairment losses amounted to 75.19 million RMB, mainly due to a decrease in inventory write-down provisions[11] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 184,159,289.75, down 17.9% from CNY 224,517,328.31 in 2024[21] Other Income - The company reported a significant increase in other income, totaling CNY 77,656,676.01 in 2025, compared to CNY 339,875,537.68 in 2024[21]

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the first three quarters of 2023, primarily due to reduced sales in the photovoltaic product sector, although there was a notable recovery in the third quarter [1] Financial Performance - For the first three quarters, the company achieved an operating income of 6.076 billion, a year-on-year decrease of 41.27% [1] - The net profit attributable to shareholders was a loss of 544 million, marking a shift from profit to loss compared to the previous year [1] - In the third quarter, the operating income was 1.688 billion, down 49.86% year-on-year [1] - The net profit attributable to shareholders in the third quarter was 53.18 million, an increase of 164.75% year-on-year [1] Industry Impact - The decline in performance is mainly attributed to the impact of the industry on photovoltaic product sales [1] - Despite the challenges, the company is focusing on lean management and improving quality and efficiency, which has led to a decrease in photovoltaic product costs [1] - The recovery in the price of monocrystalline silicon has contributed to a significant rebound in total profit and net profit [1]

Core Viewpoint - The company plans to raise a total of no more than 1.292 billion yuan through a private placement of shares to fund various projects, including a zero-carbon intelligent manufacturing factory and the production of green electricity intelligent hydrogen production equipment [1] Group 1 - The company intends to issue shares to specific investors [1] - The total amount to be raised is capped at 1.292 billion yuan [1] - The funds will be allocated to the construction of a zero-carbon intelligent manufacturing factory, the establishment of a production line for 700 sets of green electricity intelligent hydrogen production equipment, research and development projects, and to supplement working capital [1]

Core Viewpoint - The company, Shuangliang Energy (600481), has signed a supply contract worth $119 million with Ust-Kamenogorsk CHP LLP for the modernization, reconstruction, expansion, and/or updating project from 2024 to 2038 [1]. Group 1 - The contract includes the supply of air cooling systems and other equipment and supporting services [1]. - The project aims to enhance the operational efficiency and infrastructure of Ust-Kamenogorsk CHP LLP [1].