关于职工代表大会选举产生第九届董事会职工代表董事的公告 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"）第八届董事会任期已经届 满，根据《公司法》、《上海证券交易所股票上市规则》、《上海证券交易所上市公 司自律监管指引 1 号——规范运作》等法律、法规、规范性文件以及《公司章程》 等相关规定，公司按程序进行董事会换届选举工作。 公司于 2025 年 9 月 19 日召开了 2025 年第一次职工代表大会，选举王法根 先生为公司第九届职工代表董事，简历参见附件。王法根先生将与公司 2025 年 第四次临时股东大会选举产生的 7 名董事共同组成公司第九届董事会，任期与公 司第九届董事会一致。 | 证券代码：600481 | 证券简称：双良节能 | 公告编号：2025-057 | | --- | --- | --- | | 转债代码：110095 | 转债简称：双良转债 | | 王法根先生符合《公司法》等相关法律、法规以及《公司章程》中关于职工 代表董事任职的资格和条件，并将按照有关 ...

独立董事候选人声明与承诺 本人陈光明,已充分了解并同意由提名人双良节能系统股份有限公司董事会 提名为双良节能系统股份有限公司第九届董事会独立董事候选人。本人公开声明, 本人具备独立董事任职资格,保证不存在任何影响本人担任双良节能系统股份有 限公司独立董事独立性的关系,具体声明并承诺如下: 一、本人具备上市公司运作的基本知识,熟悉相关法律、行政法规、部门规 章及其他规范性文件,具有5年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 本人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的规定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 (离)休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定(如 适用): (五)中共中央组织部《关于进 ...

上海市通力律师事务所 关于双良节能系统股份有限公司 2025 年第四次临时股东大会的法律意见书 致:双良节能系统股份有限公司 在本法律意见书中,本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见,并 不对本次股东大会所审议的议案内容以及该等议案所表述的事实或数据的真实性和准确性 发表意见。 本所及本所律师依据法律法规及本法律意见出具目以前已经发生或者存在的事实,严 格履行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证. 保证本法律 意见所认定的事实真实、准确、完整,所发表的结论性意见合法、准确,不存在虚假记载、 误导性陈述或者重大遗漏,并承担相应法律责任。 在此基础上,本所律师出具法律意见如下: 24SH7200106/PC/pz/cm/D81 上海 SHANGHAI 深圳 SHENZHEN 香港 HONG KONG 上海市通力律师事务所(以下简称"本所")接受双良节能系统股份有限公司(以下简称 "公司")的委托,指派本所纪宇轩律师、俞挺律师(以下简称"本所律师")根据《中华人民 共和国公司法》《中华人民共和 ...

| 证券代码：600481 | 证券简称：双良节能 | 公告编号：2025-055 | | --- | --- | --- | | 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年第四次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 19 日 (二)股东大会召开的地点：江苏省江阴市西利路 88 号双良节能系统股份有限公 司五楼会议室。 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 923 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 887,642,921 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 47.3720 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 ...

| 证券代码：600481 | 证券简称：双良节能 | 编号：2025-056 | | --- | --- | --- | | 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 九届一次董事会会议决议公告 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 9 月 19 日以口 头方式向公司全体董事发出召开九届一次董事会会议的通知，会议于 2025 年 9 月 19 日在公司总部五楼会议室以现场结合通讯方式召开，会议应到董事 8 名， 实到董事 8 名。本次会议的召集和召开符合《公司法》和《公司章程》的有关规 定，会议决议为有效决议。会议由董事缪文彬先生主持,审议并通过了如下议案： （1）审议通过《关于选举公司第九届董事会董事长、副董事长的议案》 表决结果：同意：8 票，反对：0 票，弃权：0 票 选举缪文彬先生为公司第九届董事会董事长，选举缪志强先生为公司第九届 董事会副董事长。 （2）审议通过《关于选举公司第九届董事会专门委员会 ...

Core Viewpoint - The release of the "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" by three government departments is a significant positive development for the industry, aiming to ensure steady growth and quality improvement in the power equipment sector [1][7]. Summary by Sections Overall Requirements - The plan emphasizes the need to adhere to the new development philosophy, promote high-quality development, and support the green and low-carbon transition in the energy sector [8]. Main Goals - The primary objectives for 2025-2026 include maintaining an average revenue growth rate of around 6% for traditional power equipment, ensuring stable revenue growth for new energy equipment, and achieving a 10% average revenue growth rate for leading enterprises [5][9]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the supply level of power equipment through technological breakthroughs and innovation in key components [10]. - **Expanding Domestic Effective Demand**: Leverage major energy projects to stabilize demand for power equipment and promote the development of wind and solar energy projects [10]. - **International Market Expansion**: Strengthen cooperation with emerging market countries in the wind, solar, and energy storage sectors, encouraging enterprises to explore overseas markets [11]. - **Accelerating Equipment Promotion and Application**: Implement policies to support the promotion of innovative products in the power equipment sector [12]. - **Optimizing Industry Development Environment**: Foster a competitive environment and establish industry standards to enhance quality and service [12]. - **Strengthening Standard Support**: Improve the standard system in the power equipment sector to drive quality enhancement and equipment updates [13]. - **Promoting Green and Intelligent Transformation**: Integrate new information technologies with power equipment to enhance efficiency and sustainability [13]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters in the power equipment sector to stabilize industry growth [14]. Guarantee Measures - **Strengthening Organizational Support**: Encourage collaboration between departments and local governments to stabilize growth in the power equipment industry [15]. - **Enhancing Monitoring and Analysis**: Establish mechanisms for monitoring industry data and addressing growth challenges [15]. - **Reinforcing Financial and Tax Support**: Implement tax incentives and financial services to support the high-quality development of the power equipment sector [16].

2025 年第四次临时股东大会会议资料 第 1 页 共 9 页 双良节能系统股份有限公司 2025 年第四次临时股东大会 会议文件 二〇二五年九月 2025 年第四次临时股东大会会议资料 目 录 | 目 录 | ---------------------------------------------------------------------2 | | | | | --- | --- | --- | --- | --- | | 双良节能系统股份有限公司 | | 2025 | 年第四次临时股东大会会议须知 | -----------------3 | | 双良节能系统股份有限公司 | | 2025 | 年第四次临时股东大会会议议程 | -----------------5 | | 议案一：关于变更注册资本、取消监事会并重新制定《公司章程》及其附件的议案 | | | | --6 | | 议案二：关于董事会换届选举的议案 | ------------------------------------------8 | | | | 第 2 页 共 9 页 2025 年第四次临时股东大会会议资料 双良节能系统股份有 ...

Core Viewpoint - The financial performance of Shuangliang Energy shows a significant decline in revenue while the net profit has turned negative, indicating potential challenges ahead for the company [2]. Group 1: Financial Performance - As of June 30, 2025, Shuangliang Energy reported a revenue of 4.388 billion yuan, a year-on-year decrease of 37.13% [2]. - The company experienced a net profit of -597 million yuan, which represents a year-on-year increase of 52.54% in losses [2]. - Cumulative cash dividends since the company's A-share listing amount to 4.089 billion yuan, with 1.16 billion yuan distributed over the last three years [3]. Group 2: Shareholder and Market Activity - As of June 30, 2025, the number of shareholders increased to 112,800, up by 4.93% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 4.70% to 16,611 shares [2]. - The financing balance for Shuangliang Energy is 4.12 billion yuan, accounting for 3.55% of the market capitalization, which is below the 40th percentile level over the past year, indicating a low financing position [1]. Group 3: Business Segments - The company's main business segments include energy-saving and water-saving systems (23.03% of revenue), photovoltaic products (67.97%), and new energy equipment (7.26%) [1]. - The revenue composition indicates a strong reliance on photovoltaic products, which may be subject to market fluctuations [1]. Group 4: Institutional Holdings - As of June 30, 2025, the sixth largest circulating shareholder is the Photovoltaic ETF (515790), holding 13.1051 million shares, a decrease of 36,100 shares from the previous period [3]. - Hong Kong Central Clearing Limited is the seventh largest shareholder, increasing its holdings by 433,800 shares to 10.9892 million shares [3]. - Tianhong Zhongzheng Photovoltaic A (011102) is a new entrant among the top ten circulating shareholders, holding 8.4573 million shares [3].

Investment Rating - The investment rating for the company is "Buy" and it is maintained [6]. Core Views - In the first half of 2025, the company reported a revenue of 4.388 billion yuan, a year-on-year decrease of 37.13%, and a net profit attributable to shareholders of -597 million yuan. In Q2 2025, the revenue was 2.309 billion yuan, down 15.46% year-on-year but up 11.1% quarter-on-quarter, with a net profit of -435 million yuan [4][10]. Financial Performance - The company’s Q2 2025 expense ratio was 11.94%, a decrease of 2.42 percentage points quarter-on-quarter, attributed to scale effects as the company's shipment volume gradually recovered. The R&D expense ratio increased by 0.69 percentage points in Q2 2025, with ongoing projects in the carbon neutrality research center [10]. - The company recorded a net cash flow from operating activities of 335 million yuan in Q2 2025, continuing to maintain positive cash flow [10]. - The company recognized an asset impairment loss of 166 million yuan in H1 2025, primarily due to inventory depreciation [10]. Market Outlook - Looking ahead, with the recent supply-side reforms in the photovoltaic sector, silicon wafer prices have started to rise, indicating potential recovery in profitability. There is also a possibility of reversing inventory depreciation losses [10]. - The company has established a direct sales network for its green hydrogen systems across various regions in China and is gradually expanding sales channels in Europe, the Middle East, South Asia, and Southeast Asia, suggesting a positive outlook for the new energy equipment segment [10].

Core Viewpoint - The company, Shuangliang Energy Systems Co., Ltd., is set to hold a half-year performance briefing on September 15, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3][4]. Group 1: Meeting Details - The performance briefing will take place on September 15, 2025, from 09:30 to 10:30 [5]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will feature video recording and online interaction [5]. - Investors can participate by logging into the Shanghai Stock Exchange Roadshow Center website [4][5]. Group 2: Participation and Interaction - Investors can submit questions from September 8 to September 12, 2025, via the Roadshow Center's "Pre-Question Collection" section or through the company's email [2][4]. - The company will address commonly asked questions during the briefing [3][4]. - Contact information for inquiries includes a designated contact person and email address [6].