海通证券股份有限公司关于 晶科电力科技股份有限公司全资下属公司 股权转让暨募投项目转让的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为晶科 电力科技股份有限公司（以下简称"晶科科技"或"公司"）的持续督导保荐机 构，根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上 市公司募集资金管理和使用的监管要求（2022 年修订）》《上海证券交易所上市 公司自律监管指引第 1 号——规范运作》及《上海证券交易所股票上市规则》等 相关法律法规及规范性文件的规定，对晶科科技本次全资下属公司股权转让暨募 投项目转让事项进行了认真核查，核查情况如下： 一、交易概述 为持续推进"滚动开发"的轻资产运营战略，提高资金使用效率，公司的全资 子公司晶科电力有限公司（以下简称"晶科电力"）拟与长江智慧分布式能源有 限公司（以下简称"长江智慧"）签署股权转让协议，将其持有的横峰县光叁电力 有限公司（以下简称"横峰光叁"或"目标公司"）100%股权转让给长江智慧，股 权转让对价为人民币36,800.00万元。本次交易涉及的光伏电站装机容量约 300MW，并涉及公司已建成投运的2022年度非公开发 ...

第三届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 晶科电力科技股份有限公司（以下简称"公司"）第三届监事会第十二次会议 通知于 2024 年 11 月 13 日以电话、电子邮件方式向全体监事发出，会议于 2024 年 11 月 15 日以现场投票的表决方式召开。全体监事一致同意豁免本次会议的通 知时限要求。本次会议应出席监事 3 人，实际出席监事 3 人，公司监事会主席曹 海云先生主持会议，本次会议的召开符合《中华人民共和国公司法》和《晶科电 力科技股份有限公司章程》的有关规定。 二、监事会会议审议情况 证券代码：601778 证券简称：晶科科技 公告编号：2024-101 晶科电力科技股份有限公司 特此公告。 晶科电力科技股份有限公司监事会 经审议表决，本次会议形成如下决议： （一）审议通过了《关于全资下属公司股权转让暨募投项目转让的议案》 为持续推进"滚动开发"的轻资产运营战略，提高资金使用效率，公司的全 资子公司晶科电力有限公司拟与长江智慧分布式能源有限公司（以下简 ...

证券代码：601778 证券简称：晶科科技 公告编号：2024-100 晶科电力科技股份有限公司 第三届董事会第十六次会议决议公告 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。 一、董事会会议召开情况 晶科电力科技股份有限公司（以下简称"公司"）第三届董事会第十六次会议 通知于 2024 年 11 月 13 日以电话、电子邮件方式向全体董事发出，会议于 2024 年 11 月 15 日以现场结合通讯的表决方式在公司会议室召开。全体董事一致同意 豁免本次会议的通知期限要求。本次会议应出席董事 8 人，实际出席董事 8 人， 公司董事长李仙德先生主持会议，公司全体监事和高级管理人员列席了会议，本 次会议的召开符合《中华人民共和国公司法》和《晶科电力科技股份有限公司章 程》的有关规定。 二、董事会会议审议情况 经审议表决，本次会议形成如下决议： （一）审议通过了《关于全资下属公司股权转让暨募投项目转让的议案》 为持续推进"滚动开发"的轻资产运营战略，提高资金使用效率，公司的全 资子公司晶科电力有限公司拟与长江智慧分布式能源有限公司 ...

Investment Rating - The report maintains an "Overweight" rating for Jinko Technology [1]. Core Views - Jinko Technology's Q3 2024 results met expectations, with a revenue of 1.967 billion RMB (up 12% YoY, up 72% QoQ) and a net profit of 132 million RMB (down 48% YoY, down 29% QoQ) [1][2]. - The company has exceeded its total power generation for the previous year in the first three quarters, benefiting from cash flow improvements due to renewable energy subsidies and project transfers [1][3]. - The report anticipates growth in investment income from 2024 to 2026 as the company implements its power station transfer plans [2]. Summary by Sections Financial Performance - In Q3 2024, Jinko Technology achieved a gross profit of 655 million RMB (up 11.2% YoY) and a gross margin of 33% [2]. - The company reported a significant increase in operating cash flow, turning positive at 590 million RMB for 9M24, with Q3 2024 cash flow up 103% YoY to 1.32 billion RMB [3]. - The company’s inventory decreased by 9% from June to September 2024, while the inventory-to-net asset ratio increased by 8.5 percentage points YoY to 28.6% [2]. Investment Outlook - Jinko Technology's current convertible bond balance is 2.296 billion RMB, with a buyback trigger price of 3.67 RMB, which is 18% higher than the current stock price [4]. - The company has approximately 4.786 billion RMB in cash as of the end of September, indicating sufficient reserves to handle potential bond buyback pressures [4]. Earnings Forecast - The report slightly lowers profit forecasts, projecting net profits of 569 million RMB, 786 million RMB, and 944 million RMB for 2024-2026, with YoY growth rates of 48%, 38%, and 20% respectively [5]. - The target price for Jinko Technology is adjusted to 3.96 RMB, based on a 25-year PE of 18x [5][8].

Group 1: Financial Performance - The company reported approximately 6.16 billion in accounts receivable for the first half of the year, with nearly 95% attributed to photovoltaic power generation subsidies [1] - The issuance of the policy on resolving overdue corporate payments is expected to potentially accelerate the disbursement of electricity subsidies [1] Group 2: Strategic Initiatives - The company is preparing for the upcoming redemption period of its convertible bonds next year, with a focus on maintaining stable cash flow through its renewable energy stations [1] - The company aims to enhance its asset-light operation model by increasing the scale of asset transfers and sales of power station assets, contributing positively to cash flow [1] Group 3: Market Position and Opportunities - The company is positioned in a leading tier within the industry for both indicators and distributed project contracts, benefiting from strong electricity demand and stable pricing [2] - The upcoming carbon tax in the EU in 2026 and the national emphasis on green electricity usage are expected to enhance the value of renewable energy generation [2] Group 4: Emerging Business Development - The market reform in electricity is anticipated to create opportunities for new businesses such as energy storage, microgrids, and virtual power plants, where the company has already established a presence [3] - Although the current contribution of these new business areas to overall performance is limited, they hold significant growth potential as the new power system and market reforms progress [3]

Financial Performance - Total revenue for Q3 2024 reached ¥1,966,751,149.11, representing a year-over-year increase of 12.23%[2] - Net profit attributable to shareholders decreased by 47.57% to ¥132,004,707.46 in Q3 2024[2] - The basic earnings per share for Q3 2024 was ¥0.04, down 42.86% compared to the same period last year[3] - The company reported a decrease in net profit attributable to shareholders of 43.55% for the year-to-date period[6] - Net profit for the third quarter of 2024 was ¥226,502,772.92, a decrease of 43.3% compared to ¥399,011,671.70 in the same quarter of 2023[16] - The net profit attributable to the parent company's shareholders for Q3 2024 was ¥219,810,098.32, a decrease from ¥389,414,361.90 in Q3 2023, representing a decline of approximately 43.6%[18] - The total comprehensive income attributable to the parent company's owners for Q3 2024 was ¥189,639,249.57, down from ¥426,646,313.93 in Q3 2023, indicating a decrease of about 55.6%[18] - The basic and diluted earnings per share for Q3 2024 were both ¥0.06, compared to ¥0.12 in Q3 2023, reflecting a 50% decrease[18] Assets and Liabilities - The total assets as of the end of the reporting period were ¥43,246,615,631.10, an increase of 5.36% from the previous year[3] - The company's total current assets amounted to approximately RMB 18.40 billion, an increase from RMB 17.26 billion at the end of 2023, representing a growth of about 6.6%[12] - The total non-current assets stood at RMB 22.73 billion, reflecting a slight increase from RMB 22.56 billion at the end of 2023[12] - Total assets reached ¥43,246,615,631.10, up from ¥41,044,613,956.04 year-over-year[14] - The company reported a total liability of ¥27,424,552,378.16, compared to ¥25,355,454,034.60 in the previous year, indicating an increase of 8.2%[14] - Short-term borrowings decreased to ¥1,627,424,223.57 from ¥1,858,045,405.99, reflecting a reduction of 12.4%[14] - Long-term borrowings increased significantly to ¥9,163,534,242.49, up from ¥6,793,694,393.32, representing a growth of 35.5%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥590,682,156.50[3] - Cash flow from operating activities for the first three quarters of 2024 was ¥590,682,156.50, a significant improvement from a negative cash flow of -¥701,597,078.89 in the same period of 2023[19] - Cash inflow from investment activities for the first three quarters of 2024 was ¥874,933,625.43, compared to ¥822,573,225.99 in the same period of 2023, showing an increase of approximately 6.4%[21] - The net cash outflow from investment activities for the first three quarters of 2024 was -¥647,079,082.62, an improvement from -¥1,991,028,721.60 in the same period of 2023[21] - Cash flow from financing activities for the first three quarters of 2024 was ¥728,306,427.42, down from ¥2,835,144,297.57 in the same period of 2023, indicating a decrease of about 74.3%[21] - The total cash and cash equivalents at the end of Q3 2024 were ¥4,334,402,977.50, an increase from ¥4,107,210,813.58 at the end of Q3 2023[21] Operational Metrics - The company received government subsidies amounting to ¥22,027,764.05, which are closely related to its normal business operations[4] - The number of ordinary shareholders at the end of the reporting period was 127,462[7] - Jinko Solar Group Co., Ltd. held 23.90% of the shares, with 459,255,347 shares pledged[7] - Accounts receivable increased to RMB 6.22 billion, up from RMB 5.55 billion, indicating a growth of around 12.1%[12] - Inventory rose significantly to RMB 4.52 billion, compared to RMB 3.70 billion, marking an increase of approximately 22.3%[12] - The company incurred cash payments for purchasing goods and services totaling ¥2,224,556,803.53 in the first three quarters of 2024, a decrease from ¥3,032,169,648.44 in the same period of 2023, indicating a reduction of about 26.6%[19] Research and Development - Research and development expenses for the third quarter were ¥4,232,157.98, slightly down from ¥4,262,152.51 in the same quarter last year[16] Disaster Impact - Non-recurring losses totaled ¥67,074,843.47 for Q3 2024, primarily due to asset impairment and natural disaster-related losses[4] - The company reported an estimated asset loss of approximately RMB 50.51 million due to typhoon damage at the Xu Wen photovoltaic power station, with ongoing insurance claims and repairs[10] - The company has initiated disaster recovery and insurance claims processes for the affected power station, with further assessments pending[10] Market Strategy - The company is actively pursuing market expansion and new technology development strategies to enhance its competitive position in the renewable energy sector[9]

重要提示： 证券代码：601778 证券简称：晶科科技 公告编号：2024-099 晶科电力科技股份有限公司 关于召开 2024 年第三季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。 晶科电力科技股份有限公司（以下简称"公司"）于 2024 年 10 月 31 日发布 公司《2024 年第三季度报告》。为便于广大投资者更全面深入地了解公司 2024 年 第三季度经营成果、财务状况，公司计划于 2024 年 11 月 7 日（星期四）下午 15:00-16:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 三、参加人员 二、说明会召开的时间、地点 公司董事长李仙德先生，独立董事夏晓华先生，财务负责人兼副总经理刘晓 军先生，董事会秘书常阳先生。 四、投资者参加方式 会议召开时间：2024 ...

证券代码：601778 证券简称：晶科科技 公告编号：2024-098 晶科电力科技股份有限公司 关于 2024 年前三季度主要经营数据的公告 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。 晶科电力科技股份有限公司（以下简称"公司"）现将公司 2024 年前三季度 主要经营数据（未经审计）披露如下： | 集中式电站 | | | | | | | --- | --- | --- | --- | --- | --- | | 区域 | 装机容量 （兆瓦) | 发电量 (万千瓦时) | 上网电量 （万千瓦时） | 结算电量 （万千瓦时） | 上网电价 （含税，元/千 | | | | | | | 瓦时） | | 安徽 | 266.28 | 14,563.84 | 14,498.58 | 14,498.58 | 0.85 | | 甘肃 | 784.00 | 75,827.49 | 74,868.65 | 74,868.65 | 0.27 | | 广东 | 410.79 | 32,272.18 | 32,159.10 | 32,159.10 ...

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： 因业务发展需要，晶科电力科技股份有限公司（以下简称"公司"） 的全资下 属公司海宁市晶美光伏电力有限公司拟租赁关联方晶科能源股份有限公司（以下 简称"晶科能源"）的下属公司浙江晶科储能有限公司（以下简称"晶科储能"）的 建筑物屋顶，建设 12MW 工商业屋顶分布式光伏电站项目（以下简称"工商业光 伏电站项目"），项目所发电量优先出售给晶科储能使用，预计项目 25 年运营期 涉及的关联交易总金额不超过 26,281 万元。具体情况如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 证券代码：601778 证券简称：晶科科技 公告编号：2024-096 晶科电力科技股份有限公司 关于向关联方提供售电服务暨日常关联交易的公告 1、董事会表决情况及关联董事回避表决情况 公司于 2024 年 10 月 30 日召开了第三届董事会第十五次会议，以 3 票同意、 0 票反对、0 票弃权的表决结果审议通过了《关于向关联方提供售电服务暨日常 关联交易的议案》，同意公 ...

晶科电力科技股份有限公司 关于计提资产减值准备及资产报废的公告 证券代码：601778 证券简称：晶科科技 公告编号：2024-097 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。 为真实反映晶科电力科技股份有限公司（以下简称"公司"）的财务状况和经 营成果，根据《企业会计准则》和公司会计政策的相关规定，公司对截至 2024 年 9 月 30 日的公司资产进行盘点、梳理并采取必要的减值测试，基于谨慎性原则，对 可能发生预期损失的资产计提资产减值准备，并根据实际情况对部分资产进行了 报废处置。具体情况如下： 一、计提减值准备情况 根据《企业会计准则》及相关会计政策的规定，公司对存在减值迹象的合同 资产、存货、各类应收款项等计提减值准备，2024 年前三季度计提各项减值准备 共计 8,822.47 万元，合计对公司截至 2024 年 9 月 30 日合并利润总额影响为 8,822.47 万元。具体明细如下： 单位：万元 | 会计科目 | 明细事项 | 年前三季度计提金额 2024 | | | --- | --- | --- | ...