1、审议通过《关于预计2025年度日常关联交易的议案》 表决结果:同意:3票,反对:0票,弃权:0票 双良节能系统股份有限公司 (本页无正文,为《双良节能系统股份有限公司独立董事关于八届董事会独立董事专 门会议2025年第一次会议的审查意见》之签署页) 八届董事会独立董事专门会议2025年第一次会议的审查意见 變局元 根据中国证券监督管理委员会《上市公司独立董事管理办法》《上市公司治理 准则》以及《公司章程》《独立董事工作制度》等相关规定,双良节能系统股份有 限公司(以下简称"公司")独立董事于2025年4月28日召开了八届董事会独立董事专 门会议2025年第一次会议,审议通过如下议案: 本次拟审议的日常关联交易事项遵循了公平、公正、公允的原则,没有损害公 司和中小股东的利益,符合中国证券监督管理委员会和上海证券交易所的有关规定。 我们同意将该议案提交公司八届六次董事会审议。 张伟华 沈鸿烈 二〇二五年四月二十八日 ...

座机：0510-86632358 邮箱：600481@shuangliang.com 网址：www.shuangliang.com 年度环境、社会及 公司治理报告 2024 1 2 双良节能系统股份有限公司 2024 年度环境、社会及公司治理报告 目录 CONTENTS 目录 | 关于本报告 | 1 | | --- | --- | | 董事长致辞 | 3 | 关于双良节能 责任治理 | ESG 管理体系 | 12 | | --- | --- | | 利益相关方沟通 | 12 | | 双重重要性议题分析 | 13 | | 影响、风险与机遇管理 | 16 | 年度专题 01 夯基固本 奠定发展基石 | 明确发展战略 | 33 | | --- | --- | | 规范公司治理 | 34 | | 强化内控合规 | 37 | | 维护股东权益 | 43 | 绿色突破，启新未来 02 03 04 | 公司简介 | 5 | | --- | --- | | 业务介绍 | 5 | | 全球布局 | 6 | | 企业文化 | 6 | | 历史沿革 | 7 | | 2024 年荣誉奖项 | 9 | | 2024 年亮点绩效 | 1 ...

Financial Performance - The company reported a net profit of ¥173,493,699.82 for the fiscal year 2024, with a total distributable profit of ¥605,280,656.73 as of December 31, 2024[7]. - The company has decided not to distribute profits for the fiscal year 2024, following a dividend payout of ¥935,330,625.50 in 2023[7]. - As of December 31, 2024, the consolidated undistributed profit stands at -¥563,788,868.79, indicating a negative retained earnings situation[7]. - The company's operating revenue for 2024 was approximately ¥13.04 billion, a decrease of 43.68% compared to ¥23.15 billion in 2023[26]. - The net profit attributable to shareholders was a loss of approximately ¥2.13 billion, representing a decline of 242.10% from a profit of ¥1.50 billion in 2023[26]. - The basic earnings per share for 2024 was -¥1.1406, down 242.10% from ¥0.8027 in 2023[27]. - The total assets at the end of 2024 were approximately ¥27.73 billion, a decrease of 7.84% from ¥30.09 billion at the end of 2023[26]. - The net cash flow from operating activities for 2024 was -¥1.03 million, a significant decline from ¥1.33 billion in 2023[26]. - The weighted average return on equity for 2024 was -36.07%, down from 21.15% in 2023, indicating a substantial decrease in profitability[27]. - The company reported a total of ¥90.24 million in non-recurring gains for 2024, compared to ¥158.78 million in 2023[30]. Governance and Compliance - The company has received a standard unqualified audit opinion from Tianheng Accounting Firm for the fiscal year 2024[6]. - There are no significant risks identified that could adversely affect the company's future development strategies and operational goals[11]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures regarding external guarantees[10]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[5]. - The company has a history of maintaining accurate and complete financial reporting, as stated by its management[4]. - The company is committed to transparency and has disclosed its annual report through designated media channels[21]. - The company has established a governance structure that complies with relevant laws and regulations, enhancing operational transparency and accountability[117]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements and effective decision-making[121]. - Internal control systems are in place to ensure compliance and safeguard assets, with regular audits conducted to assess effectiveness[127]. Market and Industry Trends - The company's main business segments include energy-saving and water-saving equipment, new energy equipment, and photovoltaic products, with applications across various industrial fields such as power generation, metallurgy, and clean energy[36]. - The energy-saving equipment market in China is projected to exceed 500 billion CNY by 2024, with the waste heat recovery equipment market alone expected to surpass 100 billion CNY[39]. - The heat exchanger market in China is forecasted to grow from 90.02 billion CNY in 2023 to 99.21 billion CNY by 2026, with a compound annual growth rate of 3.29%[40]. - The company maintains a strong position in the lithium bromide chiller market, holding over 80% market concentration among the top five competitors[39]. - The demand for cooling systems in data centers is expected to grow significantly, driven by the ongoing development of data infrastructure in China[39]. - The competitive landscape for hydrogen energy is intensifying, with over 200 domestic electrolytic cell companies, and the top five companies holding a combined order scale of 0.83 GW, indicating a market concentration decrease of 5% compared to 2023[47]. Research and Development - The company has established a three-tiered R&D innovation system focusing on carbon neutrality, with 13 collaborative research projects launched in the reporting period[38]. - The company is focusing on hydrogen energy technology, with advancements in electrolyzer performance, aiming to create a green low-carbon industrial system[65]. - The company has applied for 15 new patents in 2024, including 7 related to bromine cooling technology and 7 for electric refrigeration technology[48]. - The company continues to focus on technological innovation, holding over 300 patents and leading in the development of energy-efficient products[61]. - The company plans to leverage its existing multi-crystalline silicon reduction furnace business to expand into the silicon wafer and module sectors, enhancing customer relationships and collaboration[65]. Environmental Initiatives - The company has implemented a zero discharge policy for wastewater, ensuring all treated wastewater is released into local treatment facilities[178]. - The company has obtained ISO9001, ISO14001, and ISO45001 certifications, with new certificates issued in 2024[177]. - The company has established a long-term mechanism for environmental protection, continuously improving monitoring and management practices[178]. - The company has implemented effective measures to control and reduce pollutant emissions in its production processes[181]. - The company has conducted comprehensive environmental testing to ensure compliance with national laws and regulations[178]. Future Outlook and Strategy - The company aims to enhance its core competitiveness in the "dual carbon" economy by focusing on energy conservation and expanding its photovoltaic new energy business[110]. - The company plans to maintain a steady development strategy while pursuing quality improvement and efficiency enhancement in 2025[111]. - The company intends to accelerate its international expansion while maintaining its traditional markets and targeting emerging sectors[111]. - Future guidance indicates a continued focus on innovation and market expansion, with expectations of further revenue growth in the upcoming quarters[134]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the energy sector[134].

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,078,655,535.27, a decrease of 51.06% compared to ¥4,247,775,168.79 in the same period last year[4] - The net profit attributable to shareholders was -¥161,271,551.83, an improvement of 45.27% from -¥294,661,296.94 year-on-year[4] - The basic earnings per share improved by 45.33% to -¥0.0861 from -¥0.1575 in the same period last year[4] - The company reported a 57.89% reduction in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to -¥164,846,796.51 compared to -¥391,478,165.30 last year[4] - The company reported a significant decrease in sales revenue from ¥3.31 billion in Q1 2024 to ¥1.43 billion in Q1 2025[22] - Net profit for Q1 2025 was a loss of approximately ¥163.41 million, an improvement from a loss of ¥294.44 million in Q1 2024[20] Cash Flow and Investments - The net cash flow from operating activities increased by 53.47% to ¥358,198,141.54, compared to ¥233,391,954.99 in the previous year[4] - The company's cash flow from investing activities increased by 91.92%, primarily due to reduced cash payments for fixed assets and intangible assets[9] - Investment activities resulted in a net cash outflow of approximately ¥23.76 million in Q1 2025, compared to a net outflow of ¥294.15 million in Q1 2024[23] - Financing activities generated a net cash outflow of approximately ¥358.96 million in Q1 2025, compared to a net inflow of ¥182.27 million in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥27,510,439,772.13, a slight decrease of 0.80% from ¥27,731,165,581.57 at the end of the previous year[5] - The company's current assets totaled ¥11,925,835,933.25, slightly down from ¥11,960,253,567.84 in the previous period[15] - The company's short-term borrowings increased to ¥7,849,253,540.55 from ¥7,106,866,337.51, indicating a rise of approximately 10.4%[16] - The total liabilities of the company were reported at ¥22,897,984,140.94, compared to ¥22,953,774,837.57 previously, showing a slight decrease[16] - The company's total equity attributable to shareholders decreased to ¥4,610,329,925.01 from ¥4,773,125,048.53, a decline of approximately 3.4%[16] Inventory and Costs - The company experienced a 52.69% decrease in operating costs, attributed to lean management and a decline in raw material prices for photovoltaic products[8] - Total operating costs for Q1 2025 were approximately ¥2.30 billion, down 48.9% from ¥4.51 billion in Q1 2024[19] - The company's inventory increased to ¥1,730,451,428.97 from ¥1,551,762,408.03, reflecting a growth of approximately 11.5%[14] Other Financial Metrics - The weighted average return on equity improved by 0.81 percentage points to -3.44% from -4.25% year-on-year[5] - The company reported a significant decrease of 98.13% in other income, mainly due to a reduction in government subsidies received during the period[8] - The company experienced a credit impairment loss of approximately ¥18.03 million in Q1 2025, compared to a loss of ¥42.43 million in Q1 2024[20] Shareholder Information - The company reported a total of 10,000,000 shares held by Beijing Jingneng Energy Technology M&A Investment Fund, indicating significant shareholder involvement[12] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[24]

双良节能系统股份有限公司 单位：人民币元 | 募集资金总额 | | | 2,600,000,000.00 | | --- | --- | --- | --- | | 减：发行费用 | 项 | 目 | 金 额 14,911,320.75 | | 实际募集资金净额 | 2,585,088,679.25 | | --- | --- | | 减：置换预先投入募集资金 | 1,845,088,679.25 | | 补充流动资金 | 740,000,000.00 | | 加：利息收入扣除手续费净额 | 121,360.78 | | 减：募集资金投资项目结项余额转出 | 121,360.78 | | 募集资金专户余额 | - | 注：中国建设银行江阴临港新城支行（32050161633600001681）账户募集资 金已使用完毕，公司于 2024 年 9 月 11 日已办理销户，并将利息余额 121,360.78 元转出至基本户。 二、募集资金存放和管理情况 关于 2024 年度募集资金存放与使用情况的专项报告 双良节能系统股份有限公司（以下简称"公司"）董事会根据中国证券监督 管理委员会《上市公司监管指引第 2 号——上 ...

关于双良节能系统股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 1、 专项审计报告 2、 附表 委托单位：双良节能系统股份有限公司 审计单位：天衡会计师事务所（特殊普通合伙） 联系电话：025-84711188 关于双良节能系统股份有限公司 2024 年度非经营性资金占用及其他关联资金往 来情况的专项说明 天衡专字（2025）00669 号 天衡会计师事务所(特殊普通合伙) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.net 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.th/ 目 录 t and the subject of 关于双良节能系统股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况的 专项说明 天衡专字(2025)00669 号 双良节能系统股份有限公司全体股东: 我们接受委托,审计了双良节能系统股份有限公司(以下简称双良节能公司)2024年12 月 31 日的合并及母公司资产负债表,2024年度的合并及母公司利润表、合并及母公司现金 流量表、合并及母公司所 ...

| 证券代码：600481 | 证券简称：双良节能 | 公告编号：2025-022 | | --- | --- | --- | | 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 关于预计 2025 年度日常关联交易的公告 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： ●本次日常关联交易需要提交公司股东大会审议，与该项交易有利害关系的 关联股东将放弃在股东大会上对本议案的投票权。 ●本次日常关联交易对上市公司的影响不大，公司不会因此对相关关联方形 成依赖，同时该等关联交易不影响公司的独立性。该等关联交易定价公允，不会 损害本公司及非关联股东利益。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、双良节能系统股份有限公司（以下简称"公司"）八届董事会独立董事 专门会议 2025 年第一次会议于 2025 年 4 月 28 日召开，经全体独立董事一致同 意，通过了《关于预计 2025 年度日常关联交易的议案》。独立董事专门会议形 成了如下意见：本次拟审议的日 ...

双良节能系统股份有限公司 双良节能系统股份有限公司 2024 年度募集资金存放与使用情况鉴证报告 天衡专字(2025)00670 号 2024 年度募集资金存放与使用情况鉴证报告 天衡专字(2025) 00670 号 天衡会计师事务所（特殊普通合伙） 您可使用手机"扫一扫"或进入"注册会计师行业统一唯管亚台（hm--//- 双良节能系统股份有限公司全体股东: 我们审核了后附的双良节能系统股份有限公司(以下简称"双良节能公司")《关于 2024 年度募集资金存放与使用情况的专项报告》(以下简称"募集资金专项报告")。 一、董事会的责任 双良节能公司董事会的责任是提供真实、合法、完整的相关材料,按照中国证券监督 管理委员会《上市公司监管指引第2号 -- 上市公司募集资金管理和使用的监管要求(2022 年修订)》(证监会公告[2022]15 号)、《上海证券交易所上市公司自律监管指引第 1 号-规范 运作》、《上海证券交易所上市公司自律监管指南第1号-公告格式(2023年4月修订)》的相 关规定编制募集资金专项报告,并保证其内容真实、准确、完整,不存在虚假记录、误导性 陈述或重大遗漏。 二、注册会计师的责任 我们的 ...

| 证券代码：600481 | 证券简称：双良节能 | 公告编号：2025-024 | | --- | --- | --- | | 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 关于对外借款的公告 2、目前，公司在包头的大尺寸单晶硅片及高效光伏组件日常生产运营所需 的流动资金较多，同时公司的绿电制氢业务也在快速落地推进之中。为满足公司 日益增加的实际日常生产经营的资金需求，公司及其子公司拟继续对外借款。 对外借款额度：双良节能系统股份有限公司（以下简称"公司"）及其 子公司拟对外借款不超过 150 亿元人民币，借款的发生期间为自公司 2024 年年度股东大会通过之日起至 2025 年年度股东大会召开日止。 截 至 本 公 告 日 ， 公 司 及 其 子 公 司 银 行 借 款 及 融 资 租 赁 余 额 为 1,169,838.91 万元。 本事项尚需提交公司 2024 年年度股东大会审议。 二、对外借款主要内容 1.借款用途：公司及子公司的日常经营。 2.借款主体：公司及双良硅材料（包头）有限公司、双良新能科技（包头） 有限公司、恒利晶硅新材料（包头）有限公司和江苏双良新 ...

按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制评价结果推测未来内部控制的有效性具有一定的风险。 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是 √否 2. 财务报告内部控制评价结论 公司代码：600481 公司简称：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 2024年度内部控制评价报告 双良节能系统股份有限公司全体股东 ...