证券日报网讯 1月9日，亿晶光电在互动平台回答投资者提问时表示，公司于近日收到全椒县经济开发 区管理委员会发来的《听证通知书》（编号：005），公司目前已提出听证申请，但尚未开展听证程 序。公司将积极应对，依法行使陈述、申辩权利，积极维护公司及全体股东特别是中小股东的合法权 益。本次听证最终行政决定结果尚不确定，对公司本期利润或期后利润产生的影响尚不确定。公司将密 切关注事项进展，并按照相关法律法规的要求，及时履行信息披露义务。 （文章来源：证券日报） ...

2026年1月7日晚间，亿晶光电发布《2025年度业绩预亏的提示性公告》，预计公司2025年净利润为负，且亏损金额将超过上一年度净资产，可能导致期末 净资产为负值。根据交易所相关规则，这意味着公司可能面临退市风险。 这一公告引发市场关注，但值得注意的是，公司董事长陈江明的任职背景：一位1991年出生的前证券事务代表，在短时间内晋升至董事长兼董事会秘书， 在担任董事长后不久便签署了巨额亏损的年报。甚至有业内人士质疑，其薪酬与所承担的风险严重不匹配。 公司控股权动荡 90后证代火速晋升至董事长 陈江明的职业轨迹堪称急速上升。资料显示，陈江明1991年生，中国国籍，本科学历。曾任深圳市勤诚达集团投融资专员、投资主管、亿晶光电科技股份 有限公司职工代表监事、证券事务代表，现任亿晶光电科技股份有限公司董事长兼董事会秘书、常州亿晶光电科技有限公司工会主席。 对于亿晶光电董事长的薪酬情况，上海明伦律师事务所王智斌律师称，法律上，薪酬方案需经股东大会审议，程序合规即可生效。但从权责对等原则看， 当公司出现重大亏损甚至面临退市时，决策者理应承担相应责任。上市公司管理层的薪酬设计不能只体现激励，在公司运营不佳时，薪酬层面上的"惩 ...

Group 1 - The company Yijing Photovoltaic (600537) announced a warning of expected losses for the year 2025, projecting a net profit that will be negative and exceeding the previous year's net assets, potentially leading to a negative net asset value by year-end [1] - This announcement has raised market concerns, particularly regarding the background of the company's chairman, Chen Jiangming, who was born in 1991 and rapidly advanced from a securities representative to chairman and board secretary [1] - There are industry criticisms regarding the mismatch between Chen's salary and the risks he undertakes, as his 2024 salary as board secretary is significantly lower than that of his predecessor and the industry average [1] Group 2 - In 2024, the average salary for board secretaries in the photovoltaic equipment industry was 919,800 yuan, with a median salary of 715,500 yuan [1]

Core Viewpoint - Yichin Photovoltaic is expected to report a significant loss in 2025, potentially exceeding its net assets from the previous year, which raises concerns about the risk of delisting from the stock exchange [1][5]. Group 1: Company Performance and Financial Outlook - The company anticipates a net profit loss for 2025, which may lead to negative net assets by year-end [1]. - The projected loss for 2024 is reported at 2.09 billion yuan [3]. - As of the end of 2023, the company's equity attributable to shareholders was 2.524 billion yuan, indicating a complete erosion of its financial base within two years if the losses materialize [5]. Group 2: Leadership and Governance Issues - Chen Jiangming, born in 1991, rapidly ascended from a securities representative to the position of Chairman and Secretary of the Board, signing off on the company's significant losses shortly after his appointment [2][3]. - His salary as Secretary of the Board in 2024 was only 416,000 yuan, significantly lower than his predecessor and below the industry average for similar positions [3]. - The company is currently without a controlling shareholder due to the previous major shareholder's shares being judicially auctioned off [3]. Group 3: Legal and Operational Challenges - Yichin Photovoltaic is involved in multiple legal disputes, with 23 cases reported, including 10 currently under trial [5]. - The company faces accountability from local state-owned assets for failing to fulfill prior agreements, which could lead to the termination of investment agreements and the recovery of 140 million yuan [5]. - The dual role of Chen Jiangming as both Chairman and Secretary of the Board raises concerns about governance and the effectiveness of oversight within the company [6].

资金流向方面，今日该股主力资金净流出1.18亿元，其中，特大单净流出4895.17万元，大单资金净流出 6904.52万元。近5日主力资金净流出1.55亿元。 融资融券数据显示，该股最新（1月7日）两融余额为2.29亿元，其中，融资余额为2.29亿元，融券余额 为0.34万元。近5日融资余额合计增加2148.40万元，增幅为10.34%。融券余额合计增加64.00元，增幅 1.89%。 亿晶光电(600537)今日下跌8.12%，全天换手率21.74%，成交额10.19亿元，振幅5.40%。龙虎榜数据显 示，营业部席位合计净卖出2899.32万元。 上交所公开信息显示，当日该股因日跌幅偏离值达-8.05%上榜，营业部席位合计净卖出2899.32万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.32亿元，其中，买入成交额为5163.87 万元，卖出成交额为8063.19万元，合计净卖出2899.32万元。 具体来看，今日上榜营业部中，第一大买入营业部为麦高证券有限责任公司北京分公司，买入金额为 1527.38万元，第一大卖出营业部为中信证券股份有限公司上海分公司，卖出金额为2227.36万元。 ...

Core Viewpoint - Yichin Photovoltaic (SH600537) announced that it expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating a significant operational loss that may exceed the audited net assets of the previous year [2] Financial Performance - The company anticipates a net loss for 2025, with the potential for year-end net assets to be negative, which could trigger delisting warnings under the Shanghai Stock Exchange's regulations [2] - In 2024, Yichin Photovoltaic reported a net loss of 2.09 billion yuan [3] Corporate Governance - The company underwent a change in its controlling shareholder and actual controller status due to the judicial auction of shares held by its former controlling shareholder, Weizhi Energy, resulting in a lack of a controlling entity [2] - Chen Jiangming, born in 1991, is the current chairman and board secretary of Yichin Photovoltaic, having previously served as a securities affairs representative [3] Management Changes - Chen Jiangming was promoted from securities affairs representative to board secretary in 2023, and subsequently to chairman in April 2025 [3] - Zhang Ting, the former board secretary, transitioned to the role of deputy general manager in 2023, with a salary of 947,100 yuan in 2024, while Chen Jiangming's salary as chairman was 416,000 yuan, less than half of Zhang's [3]

Core Viewpoint - The photovoltaic equipment sector experienced a notable increase of 1.63% on January 8, with Liancheng CNC leading the gains, while the overall market indices showed slight declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4082.98, down 0.07%, and the Shenzhen Component Index closed at 13959.48, down 0.51% [1]. - Liancheng CNC saw a significant rise of 18.52%, closing at 30.40, with a trading volume of 196,800 shares and a transaction value of 563 million [1]. - Other notable performers included Maiwei Co., which rose by 15.65% to 212.80, and Haiyou New Materials, which increased by 14.20% to 45.61 [1]. Group 2: Fund Flow Analysis - The photovoltaic equipment sector had a net inflow of 1.281 billion in main funds, while retail investors experienced a net outflow of 723 million [2]. - The main funds showed a significant net inflow in stocks like Dongfang Risen, with 208 million, and Junda Co., with 260 million [3]. - Conversely, stocks like Yijing Photovoltaic and Gu Dewei saw net outflows of 1.017 billion and 3.20% respectively [2][3].

有"A股光伏组件第一股"之称的亿晶光电(600537.SH)大跌超8%，报3.95元，总市值46.76亿元。消息上，亿晶光电昨日晚发布公告称，公司财务部门初步测 算，预计2025年度归母净利润为负值，2025年度经营业绩将出现亏损，且亏损金额预计将会超过上一年度经审计的净资产，公司2025年度期末净资产可能为 负值。业绩方面，亿晶光电在2024年交出上市以来最差成绩单，净利润亏损达20.90亿元，到了2025年前九月，公司营业收入呈现下滑态势，且尚未扭转亏 损局面。 MACD金叉信号形成，这些股涨势不错！ ...

Core Viewpoint - Yichin Photovoltaic (600537.SH), known as the "first stock in photovoltaic modules," announced a profit warning, expecting a negative net profit for the fiscal year 2025, which may exceed the audited net assets of the previous year, potentially leading to negative net assets by the end of 2025 [2] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders will be negative for the fiscal year 2025, indicating a significant operational loss [2] - The total market value of Yichin Photovoltaic dropped by 8.35% following the announcement, bringing it to 4.7 billion yuan [2] - If the audited net assets are confirmed to be negative at the end of 2025, the company will face delisting risk under the Shanghai Stock Exchange's regulations [2] Group 2: Operational Challenges - Recently, the company received a notice from the Quanjiao Economic Development Zone regarding a potential recovery of 140 million yuan in project funding due to failure to fulfill prior investment agreements [3] - The company stated that the impact of the hearing and final administrative decision on current or future profits remains uncertain [3] - The photovoltaic industry has faced structural capacity mismatches and a downturn, leading to a decline in operational rates across the sector, with Yichin Photovoltaic's projects only partially completed [3] Group 3: Production Status - Various production bases of Yichin Photovoltaic have begun to cease operations, with the Chuzhou base starting to shut down in October 2024 [4] - The 5GW PERC battery capacity at the Changzhou base and the 7.5GW TOPCon battery capacity at the Chuzhou base have already been halted [4]

Core Viewpoint - Yichin Photovoltaic (600537.SH), known as the "first stock of photovoltaic modules," announced a profit warning on January 8, 2026, predicting a negative net profit for the fiscal year 2025, with losses expected to exceed the audited net assets of the previous year [3][4]. Group 1: Financial Performance - The company anticipates a negative net profit for 2025, with the year-end net assets potentially being negative [3][4]. - If the audited financial report confirms negative net assets for 2025, the company will face delisting risk under the Shanghai Stock Exchange's regulations [4]. - 2026 is critical for the company, as it must achieve positive net assets, avoid negative net profit with revenue below 100 million, and obtain a standard unqualified audit report to avoid delisting [4]. Group 2: Operational Challenges - Recently, the company received a notice from the Quanjiao Economic Development Zone regarding a potential recovery of 140 million yuan in project funding due to failure to fulfill investment agreements [4][5]. - The company cited industry-wide issues such as structural capacity mismatches and weak market conditions as reasons for the underperformance of its projects, with only 7.5 GW of the planned capacity being realized [5]. - Production at various bases has been halted, with the Chuzhou base starting to cease operations in October 2024, and both the Changzhou and Chuzhou bases have stopped production of significant battery capacities [5].