Group 1 - The list of candidates for the 2025 academician election reflects the landscape of industrial innovation in China, attracting attention from the capital market due to the inclusion of executives from leading listed companies [1] - Wu Kai, chief scientist of CATL, and Lian Yubo, chief scientist of BYD, are notable candidates representing the electric vehicle sector [1] - In the aerospace field, Chen Yong, chief designer of COMAC's C909, and Deng Jinghui, chief designer at the Aviation Industry Helicopter Institute, are also included [1] Group 2 - In the digital technology sector, Wu Qingbo, chief scientist of Kirin Software under China Electronics, represents the software industry [1] - Li Zhenguo, founder of LONGi Green Energy, is nominated for the engineering academy's chemical, metallurgy, and materials engineering division [1] - In the coal industry, candidates include Shang Jian, chief engineer of Shaanxi Coal and Chemical Group, and Zhang Jianguo, executive deputy general manager of China Pingmei Shenma Group [1]

Core Viewpoint - Longi Green Energy reported a significant reduction in losses for the first half of 2025, with a net profit loss of 2.569 billion yuan, an improvement of over 50% compared to the previous year's loss of 5.231 billion yuan, primarily due to operational efficiency and reduced asset impairment losses [1] Group 1: Financial Performance - The company achieved operating revenue of 32.813 billion yuan, a year-on-year decrease of 14.83% [1] - The net profit attributable to shareholders was -2.569 billion yuan, showing a substantial reduction in losses compared to the previous year [1] Group 2: Technological Advancements - Longi Green Energy's BC technology has established a global reputation for being "efficient, aesthetically pleasing, and reliable," with HPBC 2.0 technology achieving a conversion efficiency of 24.8% and stable yield rates above 97% [2] - The HIBC components have reached a mass production efficiency of 25.9%, with power output exceeding 700W, making it the highest efficiency industrial photovoltaic product globally [2] - The company has over 3,500 authorized patents, including 480 related to BC technology, covering key areas such as passivated contact technology and metallization [2] Group 3: Industry Context - The photovoltaic industry is currently facing challenges due to price declines and a difficult operating environment, with a need for differentiation and technological innovation to overcome the "involution" phenomenon [1][3] - Recent policy signals indicate a shift towards quality breakthroughs in the photovoltaic sector, aiming to curb low-price competition and promote technological innovation [3]

Core Viewpoint - Longi Green Energy Technology Co., Ltd. reported a revenue of 32.8 billion yuan for the first half of 2025, a decrease from 38.53 billion yuan in the same period last year, indicating challenges in the photovoltaic industry due to falling product prices [1] Financial Performance - Revenue for H1 2025: 32.8 billion yuan, down from 38.53 billion yuan year-on-year [1] - Government subsidies accounted for 465 million yuan in H1 2025 [1] - Net loss for H1 2025: 2.569 billion yuan, improved from a net loss of 5.23 billion yuan in the same period last year [1] - Non-recurring net loss for H1 2025: 3.3 billion yuan, compared to 5.264 billion yuan in H1 2024 [1] - Asset-liability ratio: 60.72% [1] - Interest-bearing debt ratio: 21.45% [1] Business Operations - Longi Green Energy's product segments include monocrystalline silicon wafers, battery modules, distributed photovoltaic solutions, global green photovoltaic building solutions, ground photovoltaic solutions, and green hydrogen equipment [1] - Silicon wafer shipment volume for H1 2025: 52.08 GW (of which 24.72 GW for external sales) [1] - Battery module shipment volume for H1 2025: 41.85 GW (with 39.57 GW for modules) [1] Shareholding Structure - As of June 30, 2025, major shareholders include: - Li Zhenguo: 14.08% - Hong Kong Central Clearing Limited: 5.62% - Hillhouse Capital's HHLR Management Limited: 5.43% [1] - The shareholding structure remained relatively stable compared to March 31, 2025 [1] Hillhouse Capital's Actions - Hillhouse Capital reduced its stake in Longi Green Energy to below 5% by selling 37,557,175 shares at an average price between 14.88 yuan and 16.62 yuan per share, realizing 583 million yuan in cash [5] - The reduction in shareholding allows Hillhouse more flexibility for future divestments [5] - Despite the reduction, Hillhouse's investment in Longi Green Energy has resulted in a significant unrealized loss of at least 8 billion yuan [6]

盾安环境股东紫金投资拟减持不超3%股份;新强联控股股东、实控人肖争强、肖高强拟减持合计不超3%股份;佳缘科技高管朱伟华、朱伟 民拟减持合计不超3.41%股份;顺威股份股东西部利得增盈1号拟减持不超3%股份;生意宝股东涉其网络拟减持不超1%股份;华钰矿业股东 青海稀贵金属拟减持不超1%股份;江苏国泰拟终止投资建设年产40万吨锂离子电池电解液项目;隆基绿能上半年净亏损25.69亿元 来源：格隆汇 | | | 8月25日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 盾安环境 | 紫金投资拟减持不超3%股份 | | | 新强联 | 控股股东、实控人肖争强、肖高强拟减持合计不超3%股份 | | | 佳缘科技 | 高管朱伟华、朱伟民拟减持合计不超3.41%股份 | | | 德才股份 | 红塔创新拟减持不超140万股 | | | 顺威股份 | 西部利得增盈1号拟减持不超3%股份 | | | 生意宝 | 控股股东拟减持不超1%股份 | | | 生意宝 | 涉其网络拟减持不超1%股份 | | | 华钰矿业 | 青海稀贵金属拟减持不超1%股份 | | | 赛伍 ...

Group 1 - Longi Green Energy (601012.SH) reported its 2025 semi-annual results, with 110 institutional investors holding a total of 1.576 billion shares, representing 20.80% of the total share capital [1] - The top ten institutional investors collectively hold 18.11% of the shares, with a slight increase of 0.15 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 41 funds increased their holdings, with a holding increase ratio of 0.54%, including notable funds like Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF [2] - Conversely, 43 funds decreased their holdings, with a reduction ratio of 0.11%, including funds such as E Fund Innovation-Driven Mixed and Solar ETF [2] - There were 12 new public funds disclosed this period, while 32 funds from the previous quarter were not disclosed again [2] - One foreign fund, HHLR Management Co. - China Value Fund, reduced its holdings slightly [2]

Group 1 - The core viewpoint of the news is that Longi Green Energy reported a net profit of approximately -2.569 billion yuan for the first half of 2025, indicating a reduction in losses compared to the previous year [1] - In the first half of 2025, Longi Green Energy achieved an operating revenue of approximately 32.813 billion yuan, which represents a year-on-year decrease of 14.83% [1] - The decline in operating revenue is attributed to the decrease in prices of products such as modules and silicon wafers [1] Group 2 - On August 22, 2025, Longi Green Energy's stock price increased by 1.98%, closing at 16.52 yuan per share, with a total market capitalization of 125.2 billion yuan [2]

Core Viewpoint - HHLR Management Pte. Ltd. has reduced its stake in Longi Green Energy Technology Co., Ltd. to below 5% through centralized bidding and block trading, indicating a strategic shift in its investment approach [2][4]. Group 1: Shareholding Changes - As of August 22, 2025, HHLR Management held 378,902,910 shares, representing 4.999999% of Longi Green Energy's total shares, down from 416,460,085 shares (5.50%) [4][6]. - The reduction in shareholding was executed through the sale of 37,557,175 shares [4][6]. - Prior to this change, HHLR Management had increased its holdings to 416,460,085 shares on April 20, 2024, following a previous report [4][5]. Group 2: Purpose and Future Plans - The purpose of the shareholding change is attributed to the operational needs of the investment fund [4]. - HHLR Management has no plans to increase or decrease its stake in Longi Green Energy within the next 12 months, pending market conditions [4][6]. Group 3: Disclosure and Compliance - HHLR Management has confirmed that the report does not contain any false records, misleading statements, or significant omissions, and it assumes legal responsibility for the accuracy and completeness of the information [2][5]. - The report is prepared in accordance with relevant Chinese securities laws and regulations, ensuring compliance with disclosure requirements [2][3].

股票代码:601012 股票简称:隆基绿能 公告编号:临 2025-075 号 ?投资者可于 2025 年 8 月 25 日（星期一）起至 2025 年 8 月 29 日（星期五） （https://roadshow.sseinfo.com/preCallQa），根据活动时间，选中本次活动 进行提问，或通过隆基绿能科技股份有限公司（以下简称"公司"）邮箱 longi-board@longi.com 向公司提问，公司将在本次业绩说明会上对投资者普遍 关注的问题进行解答。 公司已于 2025 年 8 月 23 日披露《2025 年半年度报告》，为便于广大投资 者更全面深入地了解公司情况，公司拟于 2025 年 9 月 1 日召开业绩说明会，具 体情况如下： 一、业绩说明会类型 债券代码:113053 债券简称:隆 22 转债 隆基绿能科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： ?会议召开时间：2025 年 9 月 1 日（星期一）15:00-16: ...

股票代码:601012 股票简称:隆基绿能 公告编号:临 2025-076 号 债券代码:113053 债券简称:隆 22 转债 隆基绿能科技股份有限公司 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。 重要内容提示： ? 本次会计政策变更系根据近期发布的企业会计准则及其相关规定进行， 本次变更不会对隆基绿能科技股份有限公司（以下简称"公司"）的财务状况、 经营成果和现金流量产生重大影响，亦不存在损害公司及股东利益的情况。 二、本次会计政策变更的内容及对公司的影响 （一）变更主要内容 会计类 5 号发布前，发行可转换债券中权益工具成分对应的应纳税暂时差异 是否应当确认递延所得税负债在实践中存在处理上的差异。考虑到初始确认时该 应纳税暂时性差异不影响发行可转换债券当期净利润，且后续计量时随着可转换 债券金融负债成分相关折价的摊销，相关递延所得税负债的变动金额计入当期损 益会增加净利润，公司基于谨慎性考虑，未确认此递延所得税负债。会计类 5 号规定明确后，公司遵循相关规定就该应纳税暂时性差异自初始计量时确认递延 所得税负债并将其影 ...

证券代码：601012 证券简称：隆基绿能 公告编号：2025-077 号 ? 本次权益变动未触及要约收购，不会导致公司控股股东及实际控制人发 生变化。 一、减持主体减持前基本情况 债券代码：113053 债券简称：隆 22 转债 隆基绿能科技股份有限公司 本公司董事会、全体董事及相关股东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： ? 股东持股的基本情况：隆基绿能科技股份有限公司（以下简称"公司"） 于 2025 年 6 月 7 日披露了《股东减持股份计划公告》，HHLR 管理有限公司（HHLR Management Pte. Ltd.，使用"HHLR 管理有限公司-中国价值基金（交易所）"账户， 以下简称"HHLR"或"信息披露义务人"）计划自 2025 年 6 月 7 日起 15 个交易日 后的 3 个月内（即 2025 年 6 月 30 日至 2025 年 9 月 29 日），通过集中竞价交易 方式减持其持有的公司股份不超过 37,890,248 股（即不超过公司总股本的 0.50%， 以 下 简称 " 本 次 减持 计 ...