Core Points - Longi Green Energy (601012.SH) announced that as of November 21, 2025, Chairman Zhong Baoshen has cumulatively increased his shareholding by 6.1319 million shares, representing 0.08% of the company's total share capital [1] - The total amount invested in this share buyback plan is 101 million yuan, and the plan has been fully implemented [1]

| 债券代码:113053 | 债券简称:隆 | 22 | 转债 | | | | | --- | --- | --- | --- | --- | --- | --- | | 股票代码:601012 债券代码:244101 | 股票简称:隆基绿能 债券简称:GK | 隆基 | 01 | 公告编号:临 | 2025-087 | 号 | 隆基绿能科技股份有限公司 关于董事长增持公司股份计划完成的公告 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： 增持计划的基本情况：隆基绿能科技股份有限公司（以下简称"公司"） 董事长钟宝申先生计划自 2024 年 11 月 26 日起 12 个月内通过上海证券交易所系 统允许的方式增持公司股份，增持金额不低于人民币 1 亿元（以下简称"本次增 持计划"）。 增持计划实施结果：截至 2025 年 11 月 21 日，钟宝申先生通过上海证券 交易所交易系统集中竞价交易方式累计增持公司股份 6,131,900 股，占公司总股 本的 0.08%，累计增持金额为 10,069.31 万元，本 ...

Core Viewpoint - The chairman of Longi Green Energy, Zhong Baoshan, has completed a share buyback plan to demonstrate confidence in the company's future development and to protect shareholder interests [1] Summary by Relevant Sections Buyback Plan Execution - Initial Plan: To buy back no less than 100 million yuan within 12 months starting from November 26, 2024 [1] - Actual Completion: The buyback was completed by November 21, 2025 [1] Key Data - Shares Bought: 6.1319 million shares [1] - Total Amount Spent: 100.6931 million yuan [1] - Percentage of Total Share Capital: 0.08% [1] - Buyback Method: Centralized bidding transaction [1] Shareholding Changes - Shares Held Before Buyback: 104.6481 million shares, accounting for 1.38% of total share capital [1] - Shares Held After Buyback: 110.78 million shares, accounting for 1.46% of total share capital [1] Additional Points - Funding Source: The buyback was financed through personal and self-raised funds [1] - No Impact on Control: The buyback does not trigger a mandatory bid and does not affect the company's control structure [1] - Commitment: There is a commitment not to sell shares during the buyback period and the statutory period [1]

隆基绿能公告，自2024年11月26日起实施的董事长钟宝申不少于1亿元增持计划已于2025年11月21日完 成，期间通过集中竞价累计增持613.19万股，占总股本0.08%，耗资1.01亿元；增持后其持股增至1.11亿 股，占1.46%。 ...

Core Viewpoint - The signing of the investment agreement for the annual production of 180,000 tons of green methanol project aims to establish a benchmark in the green methanol industry and create a closed-loop industrial chain involving renewable energy, biomass utilization, green chemicals, and port logistics [1] Group 1 - The project involves Longi Green Energy, Zhongsheng Technology Group, Lianyungang Port Holding Group, and the Lianyungang Ganyu District People's Government [1] - The project is expected to be completed by the third quarter of 2027 [1] - It will help local farmers manage approximately 1.2 million acres of straw waste annually, increasing their income by over 300 million yuan [1]

Core Insights - Longi Green Energy has released its "2024-2025 Climate Action White Paper," outlining its strategic ambition to achieve net-zero emissions across its entire value chain by 2050, aligning with international disclosure frameworks [1][2] Group 1: Emission Reduction Goals - Longi aims to reduce Scope 1 and Scope 2 emissions by 60% and Scope 3 emissions intensity by 52% by 2030, compared to 2020 levels [2] - The company plans to cover all production and operational sites with charging facilities by 2030 [2] - In 2024, Longi's total operational carbon emissions are projected to be 3,184,782 tons of CO2 equivalent, a 23.8% increase from 2020 but a 37% decrease from the peak in 2023 [2] Group 2: Energy Structure Optimization - In 2024, Longi plans to use 4.746 billion kWh of renewable electricity, accounting for 47.5% of total electricity consumption, an increase of 5.7 percentage points from 2020 [3] - The company aims to achieve 70% renewable electricity usage by 2027 and 100% by 2028 [3] Group 3: Supply Chain and Product Carbon Footprint - Scope 3 emissions account for nearly 90% of Longi's total value chain emissions, with 27.34 million tons of CO2 equivalent projected for 2024 [4] - Longi has initiated a "Green Supply Chain Partner Empowerment Program" to encourage 50 suppliers to conduct carbon audits [4] - The company achieved 53 carbon footprint certifications for its products in 2024, with the Hi-MO 9 module's carbon footprint reduced to below 350 kgCO2e/kW [4] Group 4: Governance and Financial Planning - Longi has established a governance structure centered around its board and sustainability committee, linking climate performance to management compensation [6] - The company plans to incorporate climate strategy into its budgeting process and conduct its first ESG dual materiality assessment in 2024 [6] - Longi is transitioning from a solar product supplier to a builder and advocate of a zero-carbon energy ecosystem, showcasing its commitment to addressing climate change [6]

Market Overview - The Shanghai Composite Index fell by 0.40% on November 20, with 7 industries experiencing gains, led by construction materials and comprehensive sectors, which rose by 1.40% and 0.87% respectively [1] - The beauty care and coal industries saw the largest declines, with drops of 2.39% and 2.10% respectively [1] - The power equipment industry ranked third in terms of decline for the day [1] Capital Flow - The main capital outflow from both markets totaled 47.655 billion yuan, with only 4 industries seeing net inflows [1] - The banking sector led the net inflow with 2.188 billion yuan, resulting in a 0.86% increase, followed by the communication sector with a 0.51% rise and a net inflow of 1 billion yuan [1] Power Equipment Industry Performance - The power equipment industry experienced a decline of 1.96%, with a total net capital outflow of 9.059 billion yuan [2] - Out of 364 stocks in this sector, 56 stocks rose, while 305 stocks fell, including 1 stock hitting the daily limit down [2] - Notably, 80 stocks in the power equipment sector saw net capital inflows, with the top inflow coming from Sungrow Power Supply, which attracted 426 million yuan [2] - Other significant inflows were from Tianci Materials and Xiangtan Electrochemical, with net inflows of 231 million yuan and 200 million yuan respectively [2] Major Outflows in Power Equipment - The top three stocks with the largest capital outflows in the power equipment sector were CATL, LONGi Green Energy, and Yiwei Lithium Energy, with outflows of 808 million yuan, 559 million yuan, and 438 million yuan respectively [4] - Other notable outflow stocks included Penghui Energy and Wolong Electric Drive, with outflows of 329 million yuan and 306 million yuan respectively [4]

Core Insights - The photovoltaic equipment sector experienced a decline of 2.59% on November 20, with Daqo Energy leading the drop [1][2] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers included: - *ST Quangang: Closed at 15.42, up 18.07% with a trading volume of 187,300 shares [1] - Yongshou Co.: Closed at 22.00, up 5.57% with a trading volume of 157,700 shares [1] - Major decliners included: - Daqo Energy: Closed at 28.42, down 6.70% with a trading volume of 172,800 shares [2] - Longi Green Energy: Closed at 20.10, down 5.19% with a trading volume of 2,338,800 shares [2] Capital Flow - The photovoltaic equipment sector saw a net outflow of 1.965 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.747 billion yuan [2][3] - The capital flow for key stocks showed: - Sunshine Power: Net inflow of 391 million yuan from institutional investors [3] - Junda Co.: Net outflow of 329 million yuan from retail investors [3]

Core Viewpoint - The silicon energy sector experienced a decline of 2.66% as of the market close on November 20, with several companies within the sector facing significant losses, while a few showed gains [1]. Group 1: Sector Performance - The silicon energy concept ranked among the top decliners in the market, with companies like Guosheng Technology and Duofluoride hitting their daily limit down [1]. - Notable declines were observed in Dongyue Silicon Material and Furui Shares, while a total of six stocks within the sector saw price increases, with Dawi Shares leading at a 10.00% rise [1]. Group 2: Capital Flow - The silicon energy sector saw a net outflow of 3.952 billion yuan in principal funds, with 43 stocks experiencing net outflows, and 12 stocks seeing outflows exceeding 100 million yuan [2]. - Duofluoride led the outflow with 1.214 billion yuan, followed by Longi Green Energy and Dongyue Silicon Material with outflows of 559 million yuan and 206 million yuan, respectively [2]. Group 3: Individual Stock Performance - The top decliners in the silicon energy sector included Duofluoride (-9.99%), Longi Green Energy (-5.19%), and Dongyue Silicon Material (-9.55%) [3]. - Conversely, the stocks with the highest net inflows included Dawi Shares (36.9686 million yuan), Hebang Bio (16.0748 million yuan), and Yuanxiang New Materials (10.3564 million yuan) [4].

Group 1 - Longi Green Energy experienced a decline of 5.05% on November 20, with a stock price of 20.13 yuan per share and a trading volume of 4.285 billion yuan, resulting in a total market capitalization of 152.546 billion yuan [1] - The company, founded on February 14, 2000, and listed on April 11, 2012, specializes in the research, production, and sales of monocrystalline silicon rods, wafers, cells, and modules, providing products and system solutions for photovoltaic ground power stations and distributed rooftop applications, including BIPV [1] - The revenue composition of Longi Green Energy is as follows: 93.51% from photovoltaic product sales, 3.54% from power station business, and 2.95% from other businesses [1] Group 2 - According to data, one fund under the Fortune Fund has a significant holding in Longi Green Energy, specifically the Fortune CSI Sub-Industry Machinery Equipment Theme ETF (159886), which reduced its holdings by 123,400 shares in the third quarter, now holding 134,300 shares, accounting for 3.6% of the fund's net value [2] - The Fortune CSI Sub-Industry Machinery Equipment Theme ETF (159886) was established on April 15, 2021, with a latest scale of 67.2344 million yuan, achieving a year-to-date return of 32.91% and a one-year return of 24.05% [2] - The fund manager of the Fortune CSI Sub-Industry Machinery Equipment Theme ETF is Yin Qinyi, who has been in the position for 1 year and 121 days, with the fund's total asset scale at 6.717 billion yuan, achieving a best return of 57.69% and a worst return of -8.94% during the tenure [3]