山西省国新能源股份有限公司 2025 年 1-6 月募集资金存放、管理与实际使用情况专项报告 山西省国新能源股份有限公司 2025年1-6月募集资金存放、管理与实际使用情况专项报告 根据中国证券监督管理委员会《上市公司募集资金监管规则》（证监会公告（2025）10 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》以及《上海证券交易 所上市公司自律监管指南第 1 号――公告格式》的相关规定，本公司就 2025 年 1−6 月募集 资金存放、管理与实际使用情况作如下专项报告: 募集资金基本情况 r (一) 关于重组配套募集资金基本情况 1、 重大资产重组情况 2013 年 7 月 2 日，本公司与山西天然气股份有限公司（现变更为"山西天然气有限 公司"，以下简称"天然气公司"）全部 3 名股东签署《上海联华合纤股份有限公司发 行股份购买资产协议》;2013 年 12 月 9 日,经中国证券监督管理委员会证监许可字 [2013]1545 号文 《关于核准上海联华合纤股份有限公司向山西省国新能源发展集团 有限公司等发行股份购买资产并募集配套资金的批复》批准，同意本公司向山西省 国新能源发展集 ...

Core Insights - The rapid development of the new energy vehicle (NEV) market in Chengdu is highlighted, with the city achieving a NEV ownership of 1.08 million by June 2023, leading non-restricted cities in China [1][2] - The Chengdu Auto Show serves as a significant platform for showcasing new vehicles and technologies, reflecting the market's vitality and consumer confidence [1][2][9] NEV Market Growth - Chengdu's NEV penetration rate is nearing 50%, with 309,000 NEVs sold in 2024, marking a 9% year-on-year increase in overall vehicle sales [2] - The NEV production in Sichuan province reached 144,000 units in the first half of the year, accounting for 27.6% of the province's total vehicle production, a 16.2 percentage point increase from the previous year [2] Regional Expansion - The NEV market in the southwestern region, including Chongqing, Yunnan, and Guizhou, is experiencing significant growth, with Chongqing's NEV sales increasing by 34% and Yunnan's by 42% in 2024 [3] - The southwestern region is projected to produce over 3 million NEVs by 2025, capturing more than 20% of the national market share [6] Policy Support - Government policies, such as vehicle replacement subsidies, are driving NEV sales, with Sichuan offering up to 15,000 yuan for new energy vehicle purchases [5] - Chengdu's government is also implementing a "purchase subsidy" policy during the auto show, allowing for up to 20,000 yuan in subsidies for trade-in vehicles [5] Infrastructure Challenges - The rapid increase in NEVs has led to a shortage of charging infrastructure, particularly in rural areas, with only 40% coverage in townships [7] - Plans are in place for Sichuan to establish 2.93 million charging stations by 2030, while Yunnan aims for over 60,000 public charging facilities by the end of 2025 [7] Technological Advancements - The Chengdu Auto Show features new charging technologies, such as BYD's "Megawatt Flash Charge" and CATL's sodium-ion battery, aimed at addressing charging difficulties and enhancing vehicle range [8] - Several new range-extended models are being introduced to cater to the unique climatic conditions of the southwestern region [8]

Core Insights - The Chinese new energy vehicle (NEV) market saw sales of 1.262 million units in July 2025, representing a month-on-month decline of 5.0% but a year-on-year increase of 27.3% [1] - The penetration rate of NEVs reached 48.7%, maintaining a high level [1] Sales Breakdown - Sales of new energy passenger vehicles totaled 1.195 million units, reflecting a year-on-year growth of 25.4% [1] - Sales of new energy commercial vehicles reached 67,000 units, showing a significant year-on-year increase of 74.9% [1] Market Share Analysis - In July 2025, the market share of new energy sedans accounted for 43.7%, a slight decrease of 0.3 percentage points compared to the same period last year [1] - The market share of new energy SUVs stood at 46.3%, down by 2.0 percentage points year-on-year [1] Segment Performance - All segments within the NEV market experienced growth, with commercial vehicles generally outperforming passenger vehicles [1] - Among passenger vehicles, the MPV segment showed substantial growth [1]

Core Insights - The article highlights the significant role of new energy vehicles (NEVs) in the global green energy transition, with a particular focus on the importance of batteries, where CATL (Contemporary Amperex Technology Co., Limited) stands out as a key player in the industry [1][2]. Group 1: Company Performance - CATL reported a total revenue of 178.9 billion yuan in the first half of 2025, representing a year-on-year growth of 7.3% [1]. - The net profit attributable to shareholders reached 30.5 billion yuan, showing a substantial year-on-year increase of 33.3% [1]. Group 2: Technological Advancements - CATL has achieved breakthroughs in high energy density, super-fast charging, and battery safety, alleviating consumer concerns regarding electric vehicle range, refueling, and safety [2]. - The company has established a unique R&D closed-loop system that integrates testing data and real vehicle feedback across various stages, including material R&D, product development, engineering design, and smart manufacturing [2]. Group 3: Global Presence and Production Capacity - As of June 2025, CATL has served over 20.43 million vehicles and has sold products to 66 countries and regions [2]. - The company operates 13 battery manufacturing bases globally, including locations in China and Europe, with three of its factories recognized as global "lighthouse factories" by the World Economic Forum [2]. Group 4: Industry Ecosystem and Financial Support - The city of Ningde, where CATL is based, has developed into "China's New Energy Battery Capital," attracting over 80 projects across the entire battery supply chain [3]. - Financial institutions have been guided to support the lithium battery industry in Ningde through innovative credit products, with CATL receiving over 310 billion yuan in comprehensive credit lines from banks, more than doubling since 2019 [3].

Core Viewpoint - The construction of the largest electric vehicle charging network in the world is a key focus during the "14th Five-Year Plan" period, with a target of having two charging stations for every five electric vehicles in China [1][4]. Group 1: Charging Infrastructure Development - As of July 2023, China has built a total of 16.696 million electric vehicle charging infrastructure units, which is ten times the number at the end of the "13th Five-Year Plan" period, marking a year-on-year growth of 53% [6]. - The number of public charging facilities reached 4.202 million, with a year-on-year increase of 38%, while private charging facilities totaled 12.494 million, growing by 58.8% [6]. - The rapid increase in electric vehicle ownership is driving the demand for charging stations, leading to accelerated infrastructure development [1][6]. Group 2: Energy Consumption Trends - The electricity consumption for new energy vehicle manufacturing increased by 34.3% year-on-year, while the electricity consumption for internet and related services grew by 20.5% [4]. - The share of electricity in terminal energy consumption has increased by approximately 4 percentage points since the beginning of the "14th Five-Year Plan," and the proportion of non-fossil energy generation has risen by over 5 percentage points [5]. Group 3: Policy and Market Mechanisms - The government has implemented a series of supportive policies, including purchase subsidies and tax incentives, to promote the development of new energy vehicles and charging networks [6]. - Market mechanisms have been improved by gradually opening up market access and encouraging social capital participation in charging infrastructure construction and operation [6]. Group 4: Supply and Demand Balance - There is a need to address the uneven usage rates of charging facilities, particularly in remote areas and urban centers, where demand may exceed supply during peak times [8]. - The application of big data analytics is essential for optimizing the layout of charging stations and improving resource utilization [8][9]. - Initiatives such as shared charging platforms and dynamic pricing strategies at service areas are being explored to enhance the efficiency of charging infrastructure [9].

Core Insights - China's new energy vehicle (NEV) production is booming, with a production rate of one vehicle every 118 seconds, and a total output of 8.232 million units from January to July 2023, reflecting a year-on-year increase of 39.2% [1] - The "trade-in" policy has significantly boosted consumer demand, with over 70% of consumers indicating that subsidies enhance their willingness to purchase new vehicles [1] - The Chinese government is actively promoting NEV consumption through various initiatives, including the launch of a campaign to stimulate sales in rural areas, which is expected to generate substantial sales growth [2] Industry Performance - The NEV market in China is not only thriving domestically but also seeing significant growth in exports, with a 12.8% increase in total vehicle exports and an impressive 84.6% rise in NEV exports, totaling 1.308 million units from January to July 2023 [2] - Emerging brands like Lantu are expanding their presence in international markets, with plans to cover 60 countries by 2030, indicating a strong global ambition [3] - Despite some restrictions in Western markets, Chinese NEVs maintain a competitive edge in Southeast Asia and South America due to advantages in technology, cost, and supply chain [3]

Core Viewpoint - The press conference highlighted the achievements in high-quality energy development during the "14th Five-Year Plan" period, showcasing China's leadership in renewable energy technologies and innovations [1] Group 1: Achievements in Renewable Energy - China's renewable energy technologies lead globally, with over 40% of global renewable energy patents [1] - Photovoltaic conversion efficiency and offshore wind turbine capacity have continuously set new world records [1] - The scale of new energy storage has become the largest in the world within a few years [1] Group 2: Major Projects and Innovations - Significant projects such as the Baihetan Hydropower Station and the domestically developed third-generation nuclear power plants "Hualong One" and "Guohe One" have been completed and put into operation [1] - The development of oil and gas has surpassed the 10,000-meter depth and advanced into the 1,000-meter deep sea [1] - These major projects demonstrate China's strong capabilities in technological innovation [1] Group 3: Emerging Trends and Integration - New models and business formats are thriving, with rapid development in smart microgrids and virtual power plants [1] - The scale application of vehicle-to-grid interactions is accelerating [1] - The energy industry is increasingly integrating with sectors such as industry and transportation, leading to the emergence of new fields and tracks that serve as important sources of new productive forces [1]

Core Insights - Chinese automaker BYD is rapidly increasing its influence in the global automotive market, with significant sales growth in July 2023, particularly in overseas markets [1] Group 1: Sales Performance - In July 2023, BYD sold 344,296 vehicles, with 80,178 units sold overseas, marking a year-on-year increase of 159.5% [1] - In Brazil, BYD sold 9,691 vehicles in July, a 60% increase year-on-year, securing the top position in the new energy vehicle (NEV) sales ranking [1][2] - In Spain, BYD achieved a monthly sales figure of 2,158 units, a remarkable 665% increase year-on-year, leading the NEV brand ranking [4] - In Italy, BYD sold 2,019 vehicles in July, capturing over 13% of the market share in the NEV segment [7] Group 2: Product Strategy - BYD's diverse product matrix, including both pure electric and plug-in hybrid vehicles, effectively meets various consumer needs, making it a preferred choice in markets like Brazil [1] - The newly launched Song PLUS EV sold 836 units in Spain, entering the top ten in the compact SUV segment, indicating strong product appeal [4] Group 3: Global Expansion and Recognition - BYD's global expansion strategy is evident, with the company achieving significant milestones such as the first vehicle rolling off the production line at its Brazilian factory and the delivery of the 90,000th NEV in Thailand [10] - BYD ranked 91st in the 2025 Fortune Global 500 list, marking its fourth consecutive year on the list and becoming the highest-ranked Chinese automaker [10] - The company has established a presence in 112 countries and regions, showcasing its commitment to global market penetration and brand recognition [10]

Group 1 - The core viewpoint highlights the robust growth of China's new energy vehicle (NEV) market, with production and sales figures showing significant year-on-year increases of 39.2% and 38.5% respectively for the first seven months of the year, reaching 8.232 million and 8.22 million units [1][2] - The demand for automobiles is being driven by the continuous release of consumer purchasing power, with over 70% of consumers indicating that trade-in subsidies have enhanced their willingness to purchase vehicles [1][2] - In Hubei province, the trade-in subsidy applications have surpassed 210,000, directly stimulating new car consumption by 32.5 billion yuan, with over 56% of new purchases being NEVs [1] Group 2 - The Dongfeng Automotive Mall in Wuhan is utilizing an "online live streaming + offline delivery" model to provide a comprehensive car-buying experience, achieving sales of over 400 vehicles within less than a year, with nearly half sold through live streaming, totaling over 86 million yuan in sales [2][4] - The Chinese Ministry of Commerce has initiated a campaign to stimulate NEV consumption in rural areas, aiming to activate market potential and potentially generate sales increases in the hundreds of thousands of vehicles [2] - China's NEV exports have also seen a significant increase, with a 12.8% rise in overall automobile exports and a remarkable 84.6% growth in NEV exports, totaling 1.308 million units in the first seven months [2][4] Group 3 - Emerging brands like Lantu, established in 2019, are making strides in international markets, having launched their brand and models in several European countries and aiming for global coverage in 60 countries by 2030 [4] - The COO of Lantu emphasized the necessity of international expansion to become a world-class enterprise, with plans to penetrate markets in the Middle East after establishing a presence in Europe [4] - Despite some restrictions in certain regions, the overall outlook for Chinese NEVs in global markets remains optimistic, driven by advantages in technology, cost, and supply chain [4]

Core Insights - The article highlights the rapid and high-quality development of renewable energy in China during the "14th Five-Year Plan" period, characterized by four key aspects: faster growth, higher electricity share, better spatial layout, and greater global contribution. Group 1: Faster Growth - The annual installed capacity of wind and solar power has reached a scale of "hundred million kilowatts," with a total installed capacity increasing from 530 million kilowatts in 2020 to 1.68 billion kilowatts by July 2023, reflecting an average annual growth rate of 28% and accounting for 80% of the newly installed power capacity in the "14th Five-Year Plan" period [1][2]. Group 2: Higher Electricity Share - The share of wind and solar power in China's total electricity consumption has risen from 9.7% in 2020 to an expected 18.6% in 2024, with an average annual increase of over 2 percentage points. In the first half of this year, wind and solar power generation reached 1.15 trillion kilowatt-hours, nearly one-quarter of the total electricity consumption, surpassing the electricity consumption of the tertiary industry and urban-rural residential use [1][2]. Group 3: Better Spatial Layout - The "Shage Desert" has emerged as a new frontier for renewable energy development, with over 130 million kilowatts of new installed capacity. Offshore wind power has added over 35 million kilowatts, providing green energy to coastal provinces. Distributed solar power has also seen significant growth, with over 40 million kilowatts of new installed capacity, including 16 million kilowatts from household solar systems, making over 7 million families "solar landlords" [2]. Group 4: Greater Global Contribution - China has maintained the world's largest installed capacity for wind power for 15 consecutive years and for solar power for 10 consecutive years. By 2024, China's total installed capacity for wind and solar will account for 47% of the global total, with new installations representing 63% of the global market, further solidifying its leading position and receiving widespread international recognition [2].