北京市嘉源律师事务所 关于金开新能源股份有限公司 2025 年第二次临时股东会的 法律意见书 F 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二五年八月 法律意见书 ิ 滇 津 师 事 务 所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI`AN 金开新能 2025 年第二次临时股东会 致:金开新能源股份有限公司 北京市嘉源律师事务所 关于金开新能源股份有限公司 2025 年第二次临时股东会的法律意见书 嘉源(2025)-04-613 北京市嘉源律师事务所(以下简称"本所")接受金开新能源股份有限公司 (以下简称"公司"或"金开新能")的委托,根据《中华人民共和国公司法》 (以下简称"《公司法》")、《上市公司股东会规则》(以下简称"《股东会 规则》")等现行有效的法律、行政法规、部门规章、规范性文件(以下简称"法 律法规")以及《金开新能源股份有限公司章程》(以下简称"《公司章程》") 的有关规定,指派本所律师对公司 2025年第二次临时股东会(以下简称"本次 股 ...

金开新能源股份有限公司2025 年半年度报告 公司代码：600821 公司简称：金开新能 金开新能源股份有限公司 2025 年半年度报告 1 / 156 金开新能源股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人尤明杨、主管会计工作负责人宋璐璐及会计机构负责人（会计主管人员）白旭 霞声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 为回报广大股东，秉承长期现金分红的原则，公司2025年上半年度拟以实施权益分派股权登 记日登记的总股本扣除公司回购专用账户的股份余额为基数向全体股东每10股派发现金红利1元 （含税）。以公司总股本扣减公司回购账户29,938,500股后的股本数1,967,324,953股测算，拟派 发现金红利196,732,495.3元（含税），占公司2025年上半年归属上市公司股东净利润（未经审计） 的 ...

Core Viewpoint - The company, JinKai New Energy Co., Ltd., has reported its half-year results for 2025, highlighting a focus on enhancing shareholder returns through cash dividends and strategic initiatives aimed at improving operational efficiency and profitability in the renewable energy sector [1][4][9]. Group 1: Financial Performance - The company achieved a net profit attributable to shareholders of approximately 439.44 million yuan for the first half of 2025, with a proposed cash dividend of 1 yuan per 10 shares, totaling about 196.73 million yuan, which represents 44.77% of the net profit [1][36][39]. - The company reported a revenue of approximately 1.92 billion yuan, reflecting a year-on-year increase of 2.07%, while the total power generation reached 4.584 billion kWh, up 10% year-on-year [4][9]. Group 2: Business Strategy - The company is focusing on its core business of renewable energy, particularly in solar and wind power, with a total approved installed capacity of 7.85 GW, a year-on-year increase of 12.85% [4][5]. - The company has developed a strategic plan titled "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" for 2025, which includes initiatives to strengthen clean energy production, expand low-carbon products, and enhance digital capabilities [5][6][15]. Group 3: Shareholder Engagement - The company has implemented a robust shareholder return mechanism, with the controlling shareholder increasing their stake by 3.15%, amounting to 357 million yuan, demonstrating confidence in the company's future [9][10]. - The company has committed to regular cash dividends and has initiated a mid-year dividend plan for 2025, further solidifying its commitment to shareholder returns [10][36]. Group 4: Innovation and Development - The company has made significant advancements in technology and innovation, including the development of a fixed asset management system for renewable energy projects and the establishment of industry standards for intelligent operation and maintenance [7][8]. - Collaborative efforts with academic institutions have led to the establishment of a national energy storage technology research center, enhancing the company's research and development capabilities [8]. Group 5: Governance and Compliance - The company has emphasized the importance of high-quality information disclosure and investor relations, maintaining a 100% response rate to investor inquiries and conducting regular performance briefings [11][12]. - The governance structure has been strengthened through the introduction of strategic investors and compliance with regulatory requirements, ensuring effective decision-making and risk management [14][15].

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Jinkai New Energy Co., Ltd. for the first half of 2025, emphasizing the company's commitment to shareholder returns and its adaptation to the evolving renewable energy market [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 1.92 billion yuan, a 2.07% increase compared to the same period last year [2]. - The total profit for the period was about 559.88 million yuan, reflecting an 8.53% decrease year-on-year [2]. - The net profit attributable to shareholders was approximately 439.44 million yuan, down 9.80% from the previous year [2]. - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling about 196.73 million yuan, which represents 44.77% of the net profit for the period [1]. Industry Overview - The renewable energy sector, particularly solar and wind power, continues to grow rapidly, with total installed capacity reaching 1.67 billion kilowatts, accounting for 45.8% of the national total [3]. - The industry is transitioning from quantity expansion to quality improvement, driven by government policies aimed at enhancing market reforms and promoting green energy applications [3][4]. - The average utilization hours for power generation equipment decreased by 162 hours year-on-year, indicating challenges in grid absorption capacity [3]. Strategic Initiatives - The company is focusing on enhancing its clean energy projects and expanding its low-carbon product offerings, particularly in economically developed regions [6][7]. - Jinkai New Energy is actively pursuing collaborations with high-energy users to explore integrated energy solutions and green electricity supply [8]. - The company has implemented a digital transformation strategy to improve operational efficiency and enhance decision-making processes [15]. Shareholder Engagement - The company emphasizes a stable cash dividend policy and has engaged in share buybacks and management team share purchases to align with shareholder interests [12][16]. - In the first half of 2025, the company distributed approximately 197 million yuan in dividends, reflecting a commitment to maximizing shareholder returns [12].

金开新能源股份有限公司2025 年半年度报告摘要 公司代码：600821 公司简称：金开新能 金开新能源股份有限公司 金开新能源股份有限公司2025 年半年度报告摘要 第一节 重要提示 展规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 为回报广大股东，秉承长期现金分红的原则，公司2025年上半年度拟以实施权益分派股权登 记日登记的总股本扣除公司回购专用账户的股份余额为基数向全体股东每10股派发现金红利1元 （含税）。以公司总股本扣减公司回购账户29,938,500股后的股本数1,967,324,953股测算，拟派 发现金红利196,732,495.3元（含税），占公司2025年上半年归属上市公司股东净利润（未经审计） 的44.77%。 本预案需提交股东会审议批准后实施。 第二节 公司基本情况 公司股票简况 | 股票种类 | 股票上市交易所 | 股票简称 股票代码 | | | 变更前股票 | | --- | --- | --- | --- | --- | --- | | 简称 | | | | | | | A股 | 上 ...

证券代码：600821 证券简称：金开新能 公告编号：2025-061 金开新能源股份有限公司 三、相关风险提示 本次利润分配方案综合考虑了公司的生产经营情况及未来的资金需求等因 素，不会对公司每股收益、现金流状况产生重大影响，不会影响公司正常经营 和长期发展。本次利润分配方案尚需提交公司股东会审议。敬请广大投资者注 意投资风险。 （ 含 税 ）。 以 公 司 总 股 本 扣 减 公 司 回 购 账 户 29,938,500 股 后 的 股 本 数 券专用账户中的股份不享有利润分配的权利。如在本次 2025 年上半年度利润分 配方案披露之日起至实施权益分派的股权登记日期间，公司总股本发生变动的， 依照变动后的股本为基数实施，并按照上述每股分配比例不变的原则，相应调 整分红总额。 本分配方案符合《中华人民共和国公司法》《上市公司监管指引第 3 号—— 上市公司现金分红》及《公司章程》等的规定。 本次利润分配方案尚需提交公司股东会审议。 二、公司履行的决策程序 的利润分配政策，董事会一致同意上述利润分配方案，并同意将该方案提交公 司股东会审议。 关于 2025 年半年度利润分配方案的公告 本公司董事会及全体董事保 ...

证券代码：600821 证券简称：金开新能 公告编号：2025-059 金开新能源股份有限公司 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。 金开新能源股份有限公司（以下简称"公司"）第十一届董事会第十一次会 议通知于 2025 年 8 月 19 日以书面形式发出，会议于 2025 年 8 月 27 日以非现 场形式召开。应出席董事 9 人，实际出席董事 9 人。本次会议由董事长尤明杨 先生主持，公司高级管理人员列席。本次会议的召开符合《中华人民共和国公 司法》《上海证券交易所股票上市规则》等法律、法规和《金开新能源股份有限 公司章程》的规定。会议审议并通过以下议案： 一、关于审议公司《2025 年半年度报告》及其摘要的议案 本议案已经审计委员会审议通过，并同意提交董事会审议。董事会同意本 议案。具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披 露的《2025 年半年度报告》全文及其摘要。 表决结果：9 票同意、0 票反对、0 票弃权。 二、关于审议《公司 2025 年半年度募集资金存放与使用情况 ...

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Jin Kai New Energy Co., Ltd. for the first half of 2025, emphasizing the company's commitment to shareholder returns and its adaptation to the evolving renewable energy market [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 1.92 billion yuan, a 2.07% increase compared to the same period last year [2]. - The total profit for the period was about 559.88 million yuan, reflecting an 8.53% decrease year-on-year [2]. - The net profit attributable to shareholders was approximately 439.44 million yuan, down 9.80% from the previous year [2]. - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling about 196.73 million yuan, which represents 44.77% of the net profit for the period [1]. Industry Overview - The renewable energy sector, particularly solar and wind power, continues to grow rapidly, with total installed capacity reaching 1.67 billion kilowatts, accounting for 45.8% of the national total [3]. - The industry is transitioning from quantity expansion to quality development, driven by government policies aimed at enhancing market reforms and promoting green energy applications [3][4]. - The average utilization hours for power generation equipment decreased by 162 hours year-on-year, indicating challenges in grid absorption capacity [3]. Strategic Initiatives - The company is focusing on enhancing its clean energy production and low-carbon product offerings, with a strategic emphasis on high-value projects in economically developed regions [6][7]. - Jin Kai New Energy is actively exploring partnerships with high-energy-consuming industries to develop integrated energy solutions and expand its green electricity offerings [7][8]. - The company is investing in digital transformation and smart management systems to improve operational efficiency and reduce costs [10][14]. Governance and Shareholder Engagement - The company maintains a diverse shareholder structure and emphasizes effective governance, which supports its strategic initiatives and operational efficiency [12][13]. - Jin Kai New Energy has implemented a sustainable cash dividend policy, distributing approximately 1.97 billion yuan in dividends for the previous year, reflecting a commitment to maximizing shareholder returns [11][16].

Fundraising Overview - The company raised a total of RMB 2,696,305,657.50 through a non-public offering of 460,906,950 shares at a price of RMB 5.85 per share, with the net amount after fees being RMB 2,674,131,517.90 [1][2] - The funds were deposited into the company's account on October 26, 2022, and verified by KPMG [1][2] Fund Utilization - As of June 30, 2025, the balance of the raised funds was RMB 1,141,392.66 after accounting for interest income and various expenditures [1][2] - The company has utilized RMB 1,748,550,244.53 for project investments and RMB 784,407,235.31 for permanent working capital [1][2] Fund Management - The company has established a three-party supervision agreement for fund management with several banks to ensure the funds are used appropriately [1][2] - The funds are managed in designated accounts to maintain transparency and accountability [1][2] Project Investment and Adjustments - The company approved the use of RMB 85,768.96 million of the raised funds to replace pre-invested self-raised funds for various projects [1][2] - Adjustments were made to the investment amounts for certain projects due to the actual net amount raised being lower than initially planned [1][2] Financial Performance of Projects - The projects funded by the raised capital have reported net losses, including RMB 514.13 million for the 200MW agricultural photovoltaic project and RMB 352.07 million for the 100MW fishing photovoltaic project [3][4] - The underperformance is attributed to regional power restrictions and changes in electricity market pricing mechanisms [3][4]

Core Viewpoint - The company has developed a comprehensive action plan for 2025 focused on enhancing quality, efficiency, and shareholder returns, aligning with national policies and market conditions [1] Group 1: Business Performance - The company focuses on the development, investment, construction, and operation of renewable energy, primarily in photovoltaic and wind power sectors, with a total approved installed capacity achieving 4.584 billion kWh, a year-on-year increase of 10% [1] - The company reported revenue of approximately 1.922 billion, reflecting a year-on-year growth of 2.07%, although profitability has been pressured due to increased power restrictions and declining electricity prices [1] Group 2: Strategic Development - The company has proposed a new development strategy focusing on "clean electricity, low-carbon products, and electric computing synergy" to stabilize growth and promote transformation [2] - The company is enhancing its clean electricity segment by developing high-quality wind and photovoltaic projects in economically developed regions and strategic areas like Xinjiang and Tibet [2] - The company is expanding its low-carbon product offerings by collaborating with high-energy users and advancing new green chemical and high-end alloy manufacturing projects [3] - The company is building high-end computing infrastructure to enhance green electricity operations and exploring AI technology development [3] Group 3: Technological Innovation - The company is fostering a closed-loop innovation system through deepened collaboration in technology research and development, achieving significant results in digital technology applications and new production capabilities [4] - The company has developed a fixed asset management system for renewable energy projects, receiving a patent and software copyright, and has established a comprehensive technical standard system for wind farm operations [4][5] Group 4: Shareholder Returns - The company has implemented a robust shareholder return mechanism, with the controlling shareholder increasing their stake to 20% of total shares, reflecting long-term confidence [6] - The company has distributed cash dividends totaling approximately 197 million, representing 67.51% of the net profit attributable to shareholders for 2024 [6][7] - A mid-year dividend plan for 2025 is in preparation, with an expected distribution of around 197 million [7] Group 5: Investor Relations - The company emphasizes high-quality information disclosure, maintaining a 100% effective response rate to investor inquiries and conducting numerous communication activities [8] - The company aims to enhance communication with investors through various channels and innovative methods, ensuring transparency and trust [8] Group 6: Governance Structure - The company has optimized its mixed-ownership structure and governance system, enhancing collaboration with strategic investors and ensuring efficient operations [9] - The board of directors will continue to improve governance effectiveness and risk management, ensuring compliance with legal and regulatory requirements [9] Group 7: Continuous Improvement - The company will continuously assess and refine its action plan to enhance core competitiveness, profitability, and risk management, aiming to protect investor interests and maintain a positive market image [10]