凯盛新能（600876）公告，2025年半年度归属于上市公司股东的净利润预计为人民币-4.35亿元到-4.62 亿元，上年同期为-5478万元。2025年半年度归属于上市公司股东的扣除非经常性损益的净利润预计为 人民币-4.56亿元到-4.72亿元，上年同期为-6555万元。 ...

Core Viewpoint - The Hong Kong solar energy sector has experienced a significant rise, with notable increases in stock prices for several companies, indicating positive market sentiment towards the industry [1] Company Summaries - Kaisheng New Energy saw its stock price increase by over 7% [1] - Kamda Solar's stock rose by more than 6% [1] - GCL-Poly Energy and Flat Glass Group both experienced stock price increases of over 2% [1]

Group 1 - The Hong Kong solar energy sector opened high, with Xinyi Energy (03868.HK) rising over 6% and Kaisa New Energy (01108.HK) increasing by more than 1% [1]

Core Viewpoint - The steel industry is experiencing a significant price increase due to production cuts driven by environmental regulations and government policies aimed at eliminating outdated capacity. This has led to a reduction in steel output expectations, particularly in Tangshan, where a 30% production cut has been mandated from July 4 to July 15. The market anticipates further impacts on steel production as a result of these measures [1][3]. Group 1: Steel Industry Insights - The recent meeting of the Financial and Economic Committee emphasized the need to push for the elimination of outdated production capacity, directly influencing the steel market [1]. - Tangshan steel mills have received directives for a 30% production cut, which is expected to significantly lower steel inventories and production levels [1]. - The China Iron and Steel Association reported that steel billet exports in the first four months of 2025 have already surpassed the total for 2024, prompting suggestions for export restrictions [1]. - A total of approximately 30 million tons of production cuts have been ordered for the year, coinciding with a seasonal demand lull, which has heightened market expectations for reduced steel output [1]. Group 2: Market Reactions and Trends - Longjiang Securities noted that administrative production cuts could act as a bullish option for the steel sector, particularly in July, which is traditionally a slow season for demand [3]. - The announcement of production cuts in the photovoltaic glass sector has also led to significant price increases in that market, indicating a broader trend of supply-side reforms impacting various sectors [3]. - The steel sector saw a strong rally in stock prices, with companies like Liugang and Chongqing Steel hitting their daily price limits amid these developments [9][10]. Group 3: Broader Economic Context - The overall A-share market experienced a decline, with major indices falling and a significant number of stocks trading lower, reflecting broader economic pressures [9]. - The government is expected to focus on structural adjustments across multiple industries, including steel, refining, and new energy sectors, as part of its economic strategy [7]. Group 4: Investment Trends - Institutional investors have begun to sell off some positions in response to the recent price increases in steel, indicating a cautious approach to the current market dynamics [1][4]. - The market's reaction to production cuts in both the steel and photovoltaic sectors suggests a growing trend towards supply-side management as a means to stabilize prices and manage excess capacity [3].

Core Viewpoint - The solar thermal power generation sector has shown a positive performance with a 1.86% increase, ranking 7th among concept sectors, driven by significant gains in several stocks [1] Group 1: Market Performance - As of July 2, the solar thermal power concept saw 23 stocks rise, with notable performers including Shuangliang Energy and Kaisheng New Energy reaching their daily limit up [1] - The top gainers in the sector included Shuangliang Energy (+17.00%), Wujin Stainless Steel (+8.09%), and Baose Co. (+5.95%) [1] - Conversely, the biggest decliners were New Fengguang (-3.16%), Chuanrun Co. (-2.19%), and Aerospace Chuangguang (-1.90%) [1] Group 2: Capital Flow - The solar thermal power sector experienced a net inflow of 405 million yuan, with 18 stocks receiving net inflows, and 6 stocks exceeding 30 million yuan in net inflow [1] - Shuangliang Energy led the net inflow with 279 million yuan, followed by Kaisheng New Energy (49.93 million yuan), China Energy Construction (35.12 million yuan), and Wujin Stainless Steel (34.78 million yuan) [1][2] - The net inflow ratios for leading stocks were Shuangliang Energy (34.46%), Xizi Clean Energy (16.51%), and Kaisheng New Energy (15.17%) [2][3]

Market Overview - The Shanghai Composite Index fell by 0.09% on July 2, with 15 out of the 28 sectors rising, led by the steel and coal industries, which increased by 3.37% and 1.99% respectively [1] - The construction materials sector ranked third in terms of daily gains, while the electronic and communication sectors experienced the largest declines, falling by 2.01% and 1.96% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets reached 35.89 billion yuan, with 9 sectors seeing net inflows [1] - The power equipment sector had the highest net inflow, totaling 3.29 billion yuan, followed by the steel sector with a net inflow of 0.955 billion yuan [1] - The electronic sector faced the largest net outflow, amounting to 12.078 billion yuan, followed by the computer sector with a net outflow of 6.011 billion yuan [1] Construction Materials Sector Performance - The construction materials sector rose by 1.42% with a net inflow of 67.4629 million yuan, comprising 71 stocks, of which 50 rose and 21 fell [2] - Five stocks in this sector hit the daily limit up, while the top net inflow stock was Jinjing Technology, which saw an inflow of 135 million yuan [2] - The stocks with the highest net outflows included China National Materials Technology, with a net outflow of 98.7967 million yuan, followed by Zai Sheng Technology and International Composites with outflows of 66.5889 million yuan and 62.5663 million yuan respectively [2][3] Notable Stocks in Construction Materials Sector - Jinjing Technology (600586) increased by 9.94% with a turnover rate of 6.96% and a net capital flow of 135.0987 million yuan [2] - Anhui Conch Cement (600585) rose by 3.27% with a net inflow of 67.6562 million yuan [2] - Kaisa New Energy (600876) saw a significant increase of 10.04% with a net inflow of 49.9251 million yuan [2]

Core Viewpoint - The photovoltaic sector has experienced a significant surge in stock prices, driven by industry-wide production cuts and favorable market conditions [1][4][6]. Group 1: Stock Performance - Since late June, photovoltaic stocks have been on a continuous upward trend, with many stocks hitting the daily limit [1]. - Notable performers include Daqo New Energy, which rose over 15%, and several other companies like Shuangliang Energy and Kstar New Energy, which also saw significant gains [1][2]. - In the Hong Kong market, Kstar New Energy increased by over 13%, while other companies like Xinyi Solar and Fulete Glass also reported substantial gains [2][3]. Group 2: Industry Dynamics - Major photovoltaic glass manufacturers plan to collectively reduce production by 30% starting in July to alleviate excessive competition and improve supply-demand balance [4][5]. - This reduction is expected to lower domestic glass production to around 45GW, addressing the current oversupply situation [4]. - The industry is responding to government policies aimed at curbing low-price competition and promoting sustainable development [5][6]. Group 3: Market Outlook - The photovoltaic industry is entering a phase of significant capacity expansion, leading to price declines and profit compression for major players [6][7]. - Despite the production cuts, component prices have not shown significant recovery, with silicon wafer prices continuing to decline [7]. - Analysts suggest that the market is in a "clearing deep water zone," indicating that inventory reduction and capacity adjustments are necessary for supply-demand improvement [6][7].

Core Viewpoint - The recent surge in polysilicon prices and related stocks is driven by multiple favorable factors, including government policies aimed at improving product quality and reducing low-price competition in the industry [2][5]. Group 1: Market Performance - Polysilicon prices opened high and surged over 5% in early trading, with significant activity in photovoltaic stocks, including notable gains in companies like Yamaton and Tongwei [1][5]. - The industrial commodity futures market showed strong bullish sentiment, with polysilicon, industrial silicon, and glass leading the gains [5]. Group 2: Government Policies - A recent high-level meeting emphasized the need to regulate low-price competition and promote the exit of outdated production capacity, which is seen as a major positive for the market [2][5]. - Domestic leading photovoltaic glass companies plan to collectively reduce production by 30% starting in July, which is expected to decrease domestic glass output to around 45 GW [4]. Group 3: International Influence - The U.S. "Big and Beautiful" bill passed in the Senate, which is expected to boost solar and wind energy stocks, with significant gains observed in related companies [3][7]. - The bill's provisions include the removal of tax obligations for solar and wind projects, further enhancing market optimism [7]. Group 4: Economic Outlook - Morgan Stanley has raised its growth forecasts for China's economy to 5.1% and 5.3% for the next two years, highlighting the dual drivers of technological innovation and policy support [8]. - The recent decline in the U.S. dollar index is expected to enhance the financial attributes of commodity futures, potentially increasing demand for these products [8].

证券代码：600876 证券简称：凯盛新能 公告编号：2025-016 凯盛新能源股份有限公司 2024年年度股东会决议公告 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)股东大召开的时间：2025 年 6 月 27 日 (二)股东大召开的地点：河南省洛阳市西工区唐宫中路九号本公司三楼会议室 (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。 本次股东会由公司董事会提议并召集，会议采用现场投票和网络投票相结合 的方式召开，现场会议由公司董事长谢军先生主持。会议的召集及召开程序符合 相关法律、行政法规和《公司章程》及公司股东会议事规则的规定。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：审议及批准建议修订公司章程 审议结果：通过 | 表决情况： | | --- | (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 | 1 ...

选举谢军先生为公司第十一届董事会董事长，任期自本次董事会 审议通过之日起至第十一届董事会届满之日止。 证券代码：600876 证券简称：凯盛新能 编号:临 2025-017 号 凯盛新能源股份有限公司 董事会决议公告 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。 一、董事会会议召开情况 凯盛新能源股份有限公司（以下简称"公司"）第十一届董事会 第一次会议于 2025 年 6 月 27 日以现场加视频会议方式召开。本次会 议由公司董事谢军先生主持，会议应到董事 9 人，实到董事 9 人。会 议召开符合《公司法》《证券法》等法律法规及《公司章程》的相关 规定，合法有效。 二、董事会会议审议情况 会议采用投票表决方式，审议了以下议案： 1、审议通过《关于选举公司第十一届董事会董事长的议案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 2、审议通过《关于选举第十一届董事会各专门委员会成员的议 案》 根据公司章程有关规定，第十一届董事会设立 4 个专门委员会， 各专门委员会组成如下： 董事会审计与风险委员会 陈其锁（召集 ...