证券代码：601778 证券简称：晶科科技 公告编号：2023-112 晶科电力科技股份有限公司 一、集中竞价减持主体减持前基本情况 上述减持主体无一致行动人。 1 关于持股 5%以上股东减持股份进展公告 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： 本次减持股东持股的基本情况：本次减持计划实施前，碧华创投有限公 司（以下简称"碧华创投"）持有晶科电力科技股份有限公司（以下简称"公司"或 "本公司"）无限售条件流通股 224,326,500 股，占本公司总股本的 6.28%（以减 持计划披露时公司总股本 3,570,883,791 股计算）。截至本公告披露日，碧华创投 持有本公司无限售条件流通股 188,617,700 股，占本公司总股本的 5.28%（以 2023 年 8 月 10 日总股本 3,570,891,968 股计算）。 集中竞价减持计划的进展情况： 1、公司于 2023 年 4 月 18 日在上海证券交易所网站披露了《关于持股 5% 以上股东集中竞价减持股份计划公告》（公告编号：202 ...

海通证券股份有限公司 关于晶科电力科技股份有限公司募集资金使用相关事项的监 管工作函的专项核查意见 上海证券交易所： 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"）非公开发行股票持续督导保荐机 构，晶科科技于 2023 年 7 月 5 日收到贵所下发的《关于晶科电力科技股份有限公司募 集资金使用相关事项的监管工作函》（上证公函【2023】0799 号）（以下简称"监管工作 函"），海通证券对监管工作函中需保荐机构发表意见的事项进行了审慎核查，现就有关 问题回复如下： 一、你公司应当全面自查自上市以来历次募集资金的存放和使用情况， 说明是否均按照相关规定及已披露的资金用途进行使用，是否存在其 它募集资金使用违规情形。请保荐机构发表意见。 回复： （一）历次募集资金的使用计划 公司历次募资包括 IPO、2021 年发行可转债及 2022 年度非公开发行股票，历次募 集资金投向主要为光伏电站建设项目及补充流动资金或偿还债务类项目，总体投向如下： | 序号 | 融资情况 | 项目类型 | 计划投入金额 | | --- | --- | --- ...

证券代码：601778 证券简称：晶科科技 公告编号：2023-111 晶科电力科技股份有限公司 关于收到上海证券交易所监管工作函的回复公告 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2023年7月5日收到上 海证券交易所上证公函【2023】0799号《关于晶科电力科技股份有限公司募集 资金使用相关事项的监管工作函》（以下简称"《工作函》"），要求公司及 保荐机构对募集资金使用相关情况进行自查。现就《工作函》相关问题回复说 明如下： 1、前期公告显示，公司首发上市募集资金 25 亿元，其中 6 亿元用于偿还银 行贷款。公司近日提供的资料显示，2020 年 5 月 20 日至 5 月 22 日，公司首发 募集资金专户转出三笔合计约 1.1 亿元募集资金用于偿还贷款，而实际用途为支 付保证金、银行承兑汇票到期还款以及向供应链融资公司还款。根据本所《股票 上市规则》第 13.1.1 条等有关规定，现就有关事项明确监管要求如下。请公司说 明使用上述首发募集资金支付保证金、银行承兑汇票 ...

中信建投证券股份有限公司 关于晶科电力科技股份有限公司 募集资金使用相关事项的监管工作函的核查意见 上海证券交易所： 中信建投证券股份有限公司（以下简称中信建投证券、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、公司）首次公开发行股票、公开发 行可转换公司债券的保荐机构，现对贵所下发的《关于晶科电力科技股份有限公 司募集资金使用相关事项的监管工作函》（上证公函【2023】0799 号）提及的需 保荐机构发表意见的事项进行了核查，并出具本核查意见。 1、前期公告显示，公司首发上市募集资金 25 亿元，其中 6 亿元用于偿还银行贷 款。公司近日提供的资料显示，2020 年 5 月 20 日至 5 月 22 日，公司首发募集 资金专户转出三笔合计约 1.1 亿元募集资金用于偿还贷款，而实际用途为支付保 证金、银行承兑汇票到期还款以及向供应链融资公司还款。根据本所《股票上市 规则》第 13.1.1 条等有关规定，现就有关事项明确监管要求如下。请公司说明使 用上述首发募集资金支付保证金、银行承兑汇票到期还款以及向供应链融资公 司还款是否符合前期披露的募投项目用途要求，是否违反募集资金管理和使用 的相关规定 ...

Energy Storage and Renewable Energy Development - As of the end of 2022, nearly 30 provinces and cities in China have planned new energy storage installation targets exceeding 60GW, with 6.9GW/15.3GWh of new projects commissioned in 2022, a fivefold increase from the same period in 2021[1] - The newly planned and under-construction energy storage projects in China reached 101.8GW/259.2GWh in 2022, with a projected compound annual growth rate of 55% to 70% during the 14th Five-Year Plan period[1] - The company aims to enhance its photovoltaic power station equity installed capacity and expand its business in distributed projects, energy storage, and wind power investments[2] - The company is actively exploring emerging business opportunities such as energy storage, virtual power plants, and microgrids to enhance its comprehensive energy services[6] - The company has expanded its distributed photovoltaic power station operations and is actively developing its energy storage business[36] Financial Performance and Revenue - The company reported a significant increase in revenue for 2021, reflecting a strong operational performance[38] - JinkoSolar Holding Co., Ltd. reported a 29.48% increase in revenue for the year 2022[194] - The total cash dividend amount for 2022, including share buybacks, is projected to be 168.55 million CNY, representing 80.55% of the net profit attributable to shareholders for that year[53] Corporate Governance and Compliance - The company has conducted 8 shareholder meetings during the reporting period, ensuring compliance with regulations and protecting minority shareholder rights[17] - The board of directors held 16 meetings, with independent directors providing independent opinions on related transactions and other significant matters[17] - The company has implemented a strict insider information management system, with no incidents of insider information leakage or insider trading reported during the period[20] - The company is committed to maintaining compliance with laws and regulations regarding the avoidance of competition with its controlling shareholder[62] - The company has established a framework to ensure that any related party transactions are conducted fairly and transparently, protecting the interests of minority shareholders[94] Risk Management and Challenges - The company faces risks from changes in industry policies, particularly as the photovoltaic industry transitions to a subsidy-free era, which may impact future project profitability[9] - Increased market competition in the photovoltaic sector may affect the company's market share and new business scale if it cannot leverage its competitive advantages[10] - Fluctuations in upstream component prices, particularly for photovoltaic modules, could significantly impact the company's operating costs and project profitability[11] - The company is enhancing project management capabilities to mitigate risks associated with project delays and funding requirements[15] Employee Management and Development - The company has implemented a compensation policy based on employee value and company performance, aimed at attracting and retaining core talent[46] - The company provides various employee benefits, including meal allowances, communication fees, and health insurance[48] - The company has established a "WIN" talent development system to ensure a continuous supply of talent and to cultivate a reserve team, focusing on personal growth and organizational collaboration[49] Shareholder and Equity Management - The company plans to issue non-public A-shares as approved in the fifth temporary shareholder meeting[24] - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million[200] - The share repurchase plan aims to buy back approximately 10,869,566 to 21,739,130 shares, representing about 0.3930% to 0.7861% of the total share capital[200] Environmental and Social Responsibility - The company produced 3.862 billion kWh of green electricity during the reporting period, reducing carbon dioxide emissions by 3.1978 million tons[73] - The company provided free operation and maintenance services for 7.06 MW of poverty alleviation photovoltaic stations, saving approximately RMB 460,000 annually for impoverished villagers[82] - The company donated a total of RMB 732,000 for various charitable projects, including support for rural revitalization and public facility construction[84] Strategic Investments and Projects - The company plans to invest in 7 rooftop distributed photovoltaic power station projects and 1 energy storage project, with a total expected transaction amount for daily related transactions estimated at 223.82 million RMB for 2022[139] - The company has approved the use of surplus funds from completed projects to invest in new projects, including a 52.43MW distributed photovoltaic project and a 25MW/50MWh energy storage demonstration project[166] - The company has committed to resolving any potential competition issues with Jinko Technology by offering to transfer assets at fair prices if necessary[118]

Financial Performance - The company's revenue for Q1 2023 was approximately ¥818.07 million, representing a 36.90% increase compared to ¥573.19 million in the same period last year[30]. - The net profit attributable to shareholders for Q1 2023 was approximately ¥24.25 million, a significant recovery from a loss of ¥59.85 million in the previous year[30]. - The basic earnings per share for Q1 2023 was ¥0.01, recovering from a loss of ¥0.02 per share in the same period last year[31]. - The weighted average return on net assets for Q1 2023 was 0.20%, a recovery from -0.49% in the previous year[31]. - The net profit for the current period is 26,665,872.42, compared to a net loss of 47,714,269.04 in the previous period[61]. - The net profit attributable to shareholders of the parent company is 24,253,255.24, while the previous period showed a loss of 51,814,743.58[61]. - The total comprehensive income for the current period is 16,404,819.68, compared to a total comprehensive loss of 29,499,703.50 in the previous period[61]. - Basic and diluted earnings per share for the current period are both 0.01, compared to -0.02 in the previous period[61]. Assets and Liabilities - Current assets increased to ¥18,468,800,440.70 in Q1 2023, up from ¥15,018,788,795.56 in Q1 2022, representing a growth of approximately 16.3%[1]. - Total assets at the end of Q1 2023 amounted to approximately ¥40.88 billion, reflecting an 8.93% increase from ¥37.40 billion at the end of the previous year[31]. - Total liabilities decreased to ¥1,676,152,125.41 in Q1 2023 from ¥1,695,813,203.58 in Q1 2022, showing a reduction of about 1.1%[8]. - Total liabilities as of Q1 2023 amounted to RMB 25,343,489,258.97, up from RMB 24,996,502,935.45 in Q1 2022[58]. - Short-term borrowings rose to RMB 1.63 billion, compared to RMB 1.26 billion in the previous period[44]. - The company’s total equity attributable to shareholders at the end of Q1 2023 was approximately ¥15.42 billion, a 24.20% increase from the previous year[31]. - Total equity attributable to shareholders increased to RMB 15,419,558,897.53 in Q1 2023 from RMB 12,414,989,022.53 in Q1 2022[58]. Cash Flow - Net cash flow from financing activities was ¥3,490,744,441.91 in Q1 2023, significantly up from ¥999,462,350.32 in Q1 2022, representing a growth of approximately 249.5%[8]. - The net increase in cash and cash equivalents was ¥1,694,074,367.36 in Q1 2023, compared to ¥771,034,151.33 in Q1 2022, reflecting a growth of approximately 120.0%[8]. - The company reported a negative cash flow from operating activities of approximately ¥1.04 billion for Q1 2023, compared to a negative cash flow of ¥66.40 million in the same period last year[31]. - The company’s total cash inflow from operating activities was RMB 779,034,827.80 in Q1 2023, compared to RMB 516,537,152.06 in Q1 2022[48]. - The company’s financial expenses for Q1 2023 were RMB 214,712,517.02, compared to RMB 202,430,298.39 in Q1 2022[46]. Investments and Projects - The company reported a net cash outflow from investing activities of ¥760,491,159.96 in Q1 2023, compared to a net outflow of ¥179,035,546.65 in Q1 2022, representing a significant increase in investment activity[8]. - The company plans to terminate certain fundraising projects and redirect remaining funds to new projects, including a 49.63MW distributed generation project and a 25MW/50MWh energy storage project[23]. - The company is reallocating approximately ¥884.21 million of remaining fundraising to the construction of a 70MW agricultural photovoltaic project and a 200MW integrated project in Hainan[24]. - Investment income surged by 1,972.24% mainly from the disposal of equity interests in several photovoltaic power companies[37]. - The company completed the transfer of 100% equity in Tongling Jinneng Photovoltaic Power Co., Ltd. for a consideration of RMB 114 million, involving an installed capacity of approximately 110MW[42]. - The company signed an agreement to transfer 100% equity of four overseas subsidiaries related to the Antequera photovoltaic project for an initial price of approximately €20.75 million[42]. - The company plans to sell 100% equity of seven commercial distributed photovoltaic project companies for RMB 95.65 million, involving a total installed capacity of 50.83MW[42]. Operational Metrics - Cash and cash equivalents rose to ¥8,204,281,939.57 in Q1 2023, compared to ¥6,199,175,422.11 in Q1 2022, marking an increase of about 32.3%[1]. - Accounts receivable increased to ¥5,262,752,511.07 in Q1 2023, up from ¥4,780,025,401.48 in Q1 2022, reflecting a growth of approximately 10.1%[1]. - Inventory grew to ¥2,010,610,766.22 in Q1 2023, compared to ¥1,408,424,937.37 in Q1 2022, indicating an increase of around 42.6%[1]. - Operating revenue rose by 36.90% as the company's installed capacity of power stations exceeded the same period last year, leading to increased power generation[35]. - Operating costs increased by 39.58% due to higher business costs associated with the increased installed capacity of power stations[35]. - Research and development expenses for Q1 2023 were RMB 1,239,155.32, a decrease from RMB 1,946,339.04 in Q1 2022[48]. - The company reported an operating profit of RMB 33,456,769.82 in Q1 2023, compared to an operating loss of RMB 32,898,119.55 in Q1 2022[46]. Management and Governance - The company is led by Li Xiande, with Liu Xiaojun as the head of accounting and Liu Meixian as the head of the accounting institution[62]. - The company has not adopted new accounting standards or interpretations starting from 2023[63]. - The company announced its financial results on April 27, 2023[64].

晶科电力科技股份有限公司（以下简称"公司"）拟于 2023 年 4 月 29 日发布 公司《2022 年年度报告》。为便于广大投资者更全面深入地了解公司 2022 年度 经营成果、财务状况，公司计划于 2023 年 5 月 4 日（星期四）下午 16:00-17:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 证券代码：601778 证券简称：晶科科技 公告编号：2023-047 晶科电力科技股份有限公司 关于召开 2022 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。 重要提示： （一）投资者可在 2023 年 5 月 4 日（星期四）下午 16:00-17:00，通过互联 网登录上证路演中心（http://roadshow.sseinfo.com/），在线参与本次业绩说明会， 公司将及时回答投资者的提问。 （二）投资者可于 2023 年 4 月 24 日（星期一）至 4 月 28 日（星期五）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 ， 点 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 992,605,953.93, a decrease of 1.22% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 197,510,182.77, representing a year-on-year increase of 16.69%[7]. - The net profit after deducting non-recurring gains and losses was CNY 175,810,260.31, which is a 29.89% increase year-on-year[7]. - Basic earnings per share for Q3 2022 was CNY 0.07, an increase of 16.67% year-on-year[7]. - Total revenue for the first three quarters of 2022 was RMB 2,508,319,864.50, a decrease of 11.3% compared to RMB 2,826,969,089.77 in the same period of 2021[40]. - The company reported a net profit of RMB 96,313,806.43 for the first three quarters, down from RMB 205,684,753.84 in the same period last year, a decline of 53.3%[40]. - The net profit for the current period is CNY 312,424,451.38, a decrease from CNY 333,187,537.31 in the previous period, representing a decline of approximately 2.3%[46]. - The total profit for the current period is CNY 388,350,050.18, down from CNY 429,031,006.97, indicating a decrease of about 9.5%[46]. - The operating profit for the current period is CNY 438,338,267.78, compared to CNY 474,347,511.24 in the previous period, reflecting a decline of approximately 7.6%[46]. - The total comprehensive income for the current period is CNY 330,546,048.88, slightly down from CNY 339,874,040.87 in the previous period, indicating a decrease of approximately 2.4%[46]. - The basic earnings per share for the current period is CNY 0.10, down from CNY 0.12 in the previous period, representing a decline of 16.7%[46]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 1,078,251,990.43, reflecting a 22.21% increase compared to the same period last year[7]. - Cash and cash equivalents increased to RMB 14,810,828,418.75, compared to RMB 11,760,391,654.21, marking a growth of 26.0%[33]. - The cash flow from operating activities for the current period is CNY 1,078,251,990.43, an increase from CNY 882,287,984.11 in the previous period, showing a growth of about 22.2%[50]. - The cash and cash equivalents at the end of the period amount to CNY 4,456,303,210.09, an increase from CNY 3,649,718,268.33 in the previous period, reflecting a growth of about 22.1%[51]. - As of September 30, 2022, the company's cash and cash equivalents amounted to RMB 6,330,017,727.80, an increase from RMB 4,327,247,622.72 at the end of 2021[28]. - Total assets at the end of the reporting period were CNY 36,217,938,203.65, an increase of 20.02% compared to the end of the previous year[7]. - The company's total assets reached RMB 36,217,938,203.65, an increase of 20.5% from RMB 30,175,982,285.10 in the previous year[38]. - The total non-current assets increased to RMB 21,407,109,784.90, up from RMB 18,415,590,630.89, representing a growth of 10.8%[38]. Liabilities and Equity - Total liabilities amounted to RMB 23,664,375,325.89, which is a 33.9% increase from RMB 17,681,184,547.42[36]. - The equity attributable to shareholders of the parent company was RMB 12,440,172,596.09, slightly up from RMB 12,396,539,102.30, indicating a marginal increase of 0.4%[36]. - The company's equity attributable to shareholders was CNY 12,440,172,596.09, showing a slight increase of 0.35% year-on-year[7]. - Short-term borrowings rose significantly to RMB 1,492,709,144.86 from RMB 729,041,687.55, reflecting a 104.0% increase[36]. Project Updates and Future Plans - The company completed a merger with Cordillera Solar I S.A. in June 2022, leading to adjustments in comparative financial data[7]. - The company is adjusting the expected operational status date for the 1GW photovoltaic project in Shihezi to June 2023 due to land use classification issues[24]. - The company is facing delays in several projects due to local land use issues and pandemic-related restrictions[26]. - The company has completed the construction and grid connection of the Tongling project, while other projects are still in progress[26]. - The company plans to issue non-public A-shares to raise up to RMB 299,690,000.00, pending approval from the China Securities Regulatory Commission[22]. - The company has received feedback from the China Securities Regulatory Commission regarding its non-public issuance application, which is still under review[22]. - The company has completed the issuance of the first phase of USD 100 million senior unsecured green bonds for photovoltaic projects[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 142,847[15]. - The company has a total of 28,909,219 shares held in a repurchase account, representing 1.00% of the total share capital[21]. Expenses and Costs - Total operating costs for the first three quarters of 2022 were RMB 2,225,375,312.68, down from RMB 2,664,106,393.98, reflecting a reduction of 16.4%[40]. - Research and development expenses increased to RMB 7,519,295.49, up from RMB 3,898,318.36, representing a growth of 92.5% year-over-year[40]. - The company reported a decrease in credit impairment losses of CNY 20,175,716.75 compared to CNY 7,733,502.47 in the previous period, indicating a worsening in credit quality[46]. - The company generated CNY 2,213,207,014.63 from sales of goods and services, which is slightly lower than CNY 2,217,709,541.54 in the previous period, showing a decrease of about 0.2%[47].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,515,713,910.57, a decrease of 16.82% compared to ¥1,822,128,599.03 in the same period last year[20] - The net profit attributable to shareholders of the listed company was ¥100,942,509.13, down 33.96% from ¥152,857,987.08 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,400,017.09, a decrease of 28.98% compared to ¥103,347,329.74 in the same period last year[20] - Basic earnings per share decreased by 50.00% to ¥0.03 from ¥0.06 in the same period last year[22] - The weighted average return on equity decreased by 0.56 percentage points to 0.81% compared to 1.37% in the previous year[22] - The company reported a decrease in net profit attributable to shareholders due to increased sales expenses and reduced government subsidies[23] - The company's operating revenue for the period was approximately ¥1.52 billion, a decrease of 16.82% compared to the same period last year[54] - The company's operating costs decreased by 26.45% to approximately ¥780 million, contributing to improved gross margins[54] - Financial expenses decreased by approximately 14.90% to ¥413.68 million, reflecting a reduction in the cost of new financing[55] - The net cash flow from operating activities increased by 76.78% to approximately ¥770 million, primarily due to the receipt of VAT refunds[55] Asset and Liabilities - The total assets grew by 15.48% to ¥34,847,720,169.06 from ¥30,175,982,285.10 at the end of the previous year[22] - The company's total assets at the end of the reporting period included ¥712.17 million in cash, a 64.58% increase year-on-year[56] - The asset-liability ratio at the end of the reporting period was 64.40%, indicating a slight increase from the beginning of the period[56] - The company reported a significant increase in short-term borrowings by 166.48% to approximately ¥194.27 million, reflecting new financing activities[58] - The company has a high balance of receivables related to government subsidies, which could impact cash flow if delays in payments continue[71] - The company has a strong debt repayment capability, ensuring sufficient funds for the repayment of convertible bonds[195] Industry and Market Trends - The photovoltaic industry saw a 119% year-on-year increase in newly installed capacity, reaching 30.87 million kilowatts by June 2022[32] - The distributed photovoltaic segment experienced a 125% increase in newly installed capacity, accounting for about two-thirds of the new installations[32] - The average utilization rate of photovoltaic power generation was approximately 97%, with a total generation of about 205 billion kilowatt-hours, a 30% increase year-on-year[32] - The company is expanding into emerging business opportunities such as energy storage projects and photovoltaic building integration (BIPV)[31] - The company is experiencing increased competition in the solar energy market, especially with the influx of capital from non-energy sectors[69] Project Development and Operations - The company has accumulated over 3 GW of photovoltaic power station engineering experience, providing comprehensive solutions including planning, financing, and operation management[36] - The company operates photovoltaic power stations across more than 20 provinces in China, with a focus on regions with strong economic foundations and high electricity demand[39] - The company has successfully partnered with global energy giants, securing contracts for large-scale photovoltaic projects totaling 2,100 MW in Abu Dhabi and 300 MW in Saudi Arabia[40] - The company completed a total power generation of 1.879 billion kWh in the first half of 2022, representing a year-on-year increase of approximately 10%[41] - The company signed distributed photovoltaic energy management cooperation agreements with several well-known enterprises, including Foxconn, and multiple projects have been successfully launched and connected to the grid[47] Environmental and Social Responsibility - The company produced 1.879 billion kWh of green electricity, reducing carbon dioxide emissions by 1.5558 million tons[86] - The company actively engaged in poverty alleviation through the operation of two poverty-relief photovoltaic power stations[87] - The company has a commitment to provide free operation and maintenance services until 2028 for the 2.38MW poverty alleviation power stations in Wangjiang[89] - The company implemented strict dust and noise reduction measures during the construction of photovoltaic power stations, complying with national environmental policies[86] Governance and Compliance - The company has a share lock-up period for major shareholders, which lasts until May 18, 2023, ensuring stability in shareholding[92] - The company has established a commitment to avoid any business activities that may directly or indirectly compete with its main business operations[96] - The company has committed to reducing related party transactions to the minimum necessary for operations[104] - The company has pledged to adhere to the stock price stabilization plan approved by the shareholders' meeting, which includes obligations to repurchase shares if necessary[106] - The company has committed to timely and full disclosure of any unfulfilled commitments, accepting supervision from social and regulatory bodies[130] Financing and Investment - The company issued ¥500 million in green corporate bonds during the reporting period, diversifying its financing channels[51] - The company has made progress in applying for the issuance of offshore US dollar bonds, indicating a strategic move towards international financing[51] - The company plans to invest in 7 rooftop distributed photovoltaic power station projects and 1 energy storage project, prioritizing electricity sales to Jinko Energy and its subsidiaries[137] - The company has issued corporate bonds with a total balance of 6.00 billion RMB, with an interest rate of 4.19% for the first phase bond maturing on April 10, 2022[175] Shareholder and Equity Management - The company completed a share buyback of 28,909,219 shares, representing 1.00% of the total share capital, at an average price of RMB 6.89 per share, totaling RMB 199.05 million[158] - The total number of shares increased to 2,894,347,519 after a conversion of RMB 703.51 million of convertible bonds, resulting in an additional 128,845,597 shares issued[163] - The company plans to distribute a cash dividend of CNY 0.1256 per share, based on a total share capital of 10 shares[194] - The company has reported a decrease in holdings by several major shareholders, including a reduction of 28,941,400 shares by a state-owned entity[165]

Financial Performance - The company's operating revenue for Q1 2022 was ¥573,185,557.71, representing a decrease of 18.81% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥59,848,068.61, with a basic earnings per share of -¥0.02[6]. - Total revenue for Q1 2022 was 573,185,557.71 RMB, down from 705,978,867.52 RMB in Q1 2021, representing a decrease of approximately 18.7%[33]. - The company's net profit attributable to shareholders decreased to 2,847,411,961.99 RMB in Q1 2022 from 2,907,260,030.60 RMB in Q1 2021, a decline of about 2.2%[35]. - The net profit for the first quarter of 2022 was -55,747,594.07 RMB, compared to -108,698,080.29 RMB in the same period of 2021, showing an improvement of approximately 48.7%[38]. - The total comprehensive income for the first quarter was -40,993,641.37 RMB, compared to -106,117,444.10 RMB in the same quarter of the previous year, reflecting an improvement of about 61.4%[40]. - Basic earnings per share for the first quarter were -0.02 RMB, an improvement from -0.04 RMB in the same quarter of 2021[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥30,634,583,863.98, an increase of 3.90% from the end of the previous year[9]. - Total assets rose to 30,634,583,863.98 RMB in Q1 2022, up from 29,484,082,545.91 RMB in Q1 2021, an increase of about 3.9%[35]. - Total liabilities increased to 18,334,931,252.01 RMB in Q1 2022, compared to 17,078,245,572.15 RMB in Q1 2021, reflecting a growth of approximately 7.3%[35]. - The total equity attributable to shareholders decreased by 0.90% to ¥12,196,847,188.78[9]. Cash Flow - The cash flow from operating activities was -¥66,402,598.55, indicating a decline in cash generation capabilities[6]. - The company reported a net cash outflow from operating activities of -66,402,598.55 RMB, worsening from -25,597,724.79 RMB in the previous year[43]. - Cash and cash equivalents at the end of the period increased to 4,345,104,120.76 RMB, up from 1,820,297,864.41 RMB, indicating a significant increase of approximately 139.5%[45]. - Cash inflows from financing activities amounted to 2,695,275,553.90 RMB, compared to 1,619,931,727.99 RMB in the previous year, marking an increase of approximately 66.3%[45]. - The company incurred total financing cash outflows of 1,695,813,203.58 RMB, up from 1,320,008,412.53 RMB in the same period last year[45]. - The company reported a significant increase in cash received from borrowings, totaling 1,783,566,286.02 RMB, compared to 1,159,592,000.00 RMB in the previous year, reflecting a growth of approximately 53.7%[45]. Research and Development - Research and development expenses increased by 88.39%, reflecting the company's commitment to innovation[12]. - Research and development expenses for Q1 2022 were 1,946,339.04 RMB, up from 1,033,162.02 RMB in Q1 2021, indicating an increase of about 88.4%[33]. Market and Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings in the renewable energy sector[12]. - The company has successfully secured a contract for a 300MW photovoltaic power generation project in Saudi Arabia, with a total investment of approximately USD 209 million[24]. - The company is actively seeking partnerships for investment in the Saudi project, which is part of the country's third round of renewable energy initiatives[24]. - The company’s financial performance indicates a robust growth trajectory, supported by strategic investments and market expansion efforts[22]. Shareholder Information - The top ten shareholders include major investment firms, with the largest being Bihua Venture Capital Co., Ltd., holding 241,592,600 shares[21]. - The company has a share buyback account holding 15,082,300 shares, representing 0.52% of the total share capital[21]. Management Changes - The company is undergoing management changes, with the resignation of key executives, but operations are expected to continue smoothly[24].