国金证券股份有限公司关于弘元绿色能源股份有限公司 使用闲置募集资金进行现金管理的核查意见 国金证券股份有限公司（以下简称"保荐机构"）作为弘元绿色能源股份有 限公司（以下简称"弘元绿能"、"公司"）的保荐机构，根据《证券发行上市保 荐业务管理办法》《上海证券交易所股票上市规则》《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》和《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》等相关规定履行持续督导职责，对公司 使用闲置募集资金进行现金管理的事项进行了审慎核查，核查的具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准无锡上机数控股份有限公司公开发 行可转换公司债券的批复》（证监许可[2020]792 号）文核准，并经上海证券交 易所同意，公司于 2020 年 6 月 9 日采取优先配售和公开发行的方式向股东和社 会公众发行可转换公司债券 665.00 万张，每张面值为人民币 100.00 元，期限为 6 年，公司共募集资金人民币 66,500.00 万元，扣除相关的发行费用人民币 10,464,622.64 元(不含税)，实际募集资金净额人民币 654,5 ...

（三）资金来源 国金证券股份有限公司关于弘元绿色能源股份有限公司 开展外汇衍生品交易业务的核查意见 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为弘元 绿色能源股份有限公司（以下简称"弘元绿能"或"公司"）的持续督导机构， 根据《证券发行上市保荐业务管理办法》、《上海证券交易所股票上市规则》、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，对 弘元绿能开展外汇衍生品交易业务的事项进行了审慎核查，并出具核查意见如下： 一、交易情况概述 （一）交易目的 随着公司及子公司进出口业务的发展，外币结算需求不断上升，为锁定成本、 减少汇率、利率等方面的风险，公司将在遵守国家政策法规的前提下，结合资金 管理要求和日常经营需要，开展外汇衍生品交易 公司及子公司开展的外汇衍生品交易品种均为与基础业务密切相关的简单 外汇衍生产品，且该等外汇衍生产品与基础业务在品种、规模、方向、期限等方 面相互匹配，遵循合法、审慎、安全、有效的原则，以套期保值为目的，不会影 响公司主营业务发展。 （二）交易金额 公司及子公司开展的外汇衍生品交易业务申请交易金额为任意时点最高余 额不超过等值 5 亿美元。 ...

国金证券股份有限公司 关于弘元绿色能源股份有限公司 预计 2025 度日常关联交易的核查意见 国金证券股份有限公司（以下简称"保荐机构"）作为弘元绿色能源股份有 限公司（以下简称"弘元绿能"、"公司"）持续督导工作的保荐机构，根据《证 券发行上市保荐业务管理办法》、《上海证券交易所股票上市规则》、《上海证券 交易所上市公司自律监管指引第 1 号—规范运作》、《上海证券交易所上市公司 自律监管指引第 11 号—持续督导》等相关法律、法规和规范性文件的规定，对 上机数控预计日常关联交易事项进行了审慎核查，核查情况如下： 一、日常关联交易基本情况 1 二、关联人介绍和关联关系 （一）关联方的基本情况 公司名称：内蒙古鑫元硅材料科技有限公司 统一社会信用代码：91150203MA0R5BGB0L （一）本次日常关联交易预计金额和类别 结合公司实际经营情况及经营需要，预计公司及全资子公司 2025 年度与内 蒙古鑫元硅材料科技有限公司（以下简称"内蒙古鑫元"）发生的日常关联采购 交易总金额约为 12,000.00 万元，预计情况如下表： 单位：万元 | 关联交 | 关联人 | 本次预计金 | 本年年初至披露日与 关联人 ...

弘元绿色能源股份有限公司 弘元绿色能源股份有限公司 内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 内部控制审计报告 1-2 内部控制审计报告 德皓内字[2025]00000110 号 北京德皓国际会计师事务所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 内部控制审计报告 德皓内字[2025]00000110 号 弘元绿色能源股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了弘元绿色能源股份有限公司（以下简称弘元绿能 公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是企业董事会的责任。 内部控制具有固有局限性，存在不能防止和发现错报的可能性。 此外，由于情况的变化可能导致内部控制变得不恰当，或对控 ...

弘元绿色能源股份有限公司 控股股东及其他关联方资金占用情况的专项说明 弘元绿色能源股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 德皓核字[2025]00000908 号 北京德皓国际会计师事务所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) （截止 2024 年 12 月 31 日） 目 录 页 次 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 弘元绿色能源股份有限公司 2024 年度非经营 性资金占用及其他关联资金往来情况汇总表 1 控股股东及其他关联方 资金占用情况的专项说明 德皓核字[2025]00000908 号 弘元绿色能源股份有限公司全体股东： 我们接受委托，依据《中国注册会计师执业准则》审计了弘元绿 色能源股份有限公司（以下简称弘元绿能公司）2024 年度财务报表， 包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合 并及母公司利润表、合并及母公司现金流量表和合并及母公司股东权 益 ...

1 | 序号 | 工作内容 | 完成或督导情况 | | --- | --- | --- | | | 和内部审计制度，以及募集资金使用、关联交 | | | | 易、对外担保、对外投资、衍生品交易、对子公 | | | | 司的控制等重大经营决策的程序与规则等。 | | | | 督导公司建立健全并有效执行信息披露制 度，审阅信息披露文件及其他相关文件，并有充 | 公司已建立并有效执行相关 制度，未发现公司向上海证券交 易所提交的文件存在虚假记载、 | | 9 | | | | | 分理由确信上市公司向上海证券交易所提交的文 | | | | 件不存在虚假记载、误导性陈述或重大遗漏。 | 误导性陈述或重大遗漏。 | | 10 | 对上市公司的信息披露文件及向中国证监 | 按要求进行审阅，不存在应 | | | 会、上海证券交易所提交的其他文件进行事前审 | | | | 阅，对存在问题的信息披露文件应及时督促上市 | 向上海证券交易所报告的事项。 | | | 公司予以更正或补充，上市公司不予更正或补充 | | | | 的，应及时向上海证券交易所报告。 | | | 11 | 对上市公司的信息披露文件未进行事前审阅 | | | ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,656,777,559.33, a decrease of 24.37% compared to ¥2,190,704,034.64 in the same period last year[4] - The net profit attributable to shareholders was -¥61,875,827.20, improving from -¥141,374,420.08 year-on-year[4] - Total revenue for Q1 2025 was CNY 1,656,777,559.33, a decrease of 24.3% compared to CNY 2,190,704,034.64 in Q1 2024[17] - Net profit for Q1 2025 was a loss of CNY 61,875,827.20, compared to a loss of CNY 141,374,420.08 in Q1 2024, indicating an improvement[18] - The basic and diluted earnings per share were both -0.091 CNY, an improvement from -0.192 CNY in the previous period[19] Cash Flow - The net cash flow from operating activities was -¥588,448,130.90, a significant decline of 391.35% compared to ¥201,974,331.15 in the previous year[4] - Cash inflow from operating activities totaled 3,576,740,834.52 CNY, up from 2,794,393,911.87 CNY year-over-year[21] - The net cash flow from operating activities was -588,448,130.90 CNY, a decline from a positive 201,974,331.15 CNY in the previous year[21] - Cash inflow from investment activities was 5,496,678,795.76 CNY, compared to 2,919,411,380.09 CNY in the previous year[22] - The net cash flow from investment activities was 1,013,213,742.17 CNY, a significant recovery from -2,379,897,070.44 CNY in the previous year[22] - The net cash flow from financing activities was -320,898,978.75 CNY, down from 2,712,158,645.12 CNY in the previous year[22] - The total cash and cash equivalents at the end of the period were 1,458,553,864.39 CNY, down from 3,998,395,077.88 CNY year-over-year[22] - The company received 4,923,029,333.53 CNY from investment recoveries, a significant increase from 2,907,288,800.00 CNY in the previous year[21] - The company paid 2,552,519,432.19 CNY for goods and services, an increase from 1,721,521,057.88 CNY in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥28,206,405,868.26, down 3.48% from ¥29,222,793,933.67 at the end of the previous year[5] - Total assets decreased to CNY 28,206,405,868.26 from CNY 29,222,793,933.67, a decline of 3.5%[15] - Total liabilities decreased to CNY 16,402,319,318.07 from CNY 17,338,631,233.62, a reduction of 5.4%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 59,454[8] - The largest shareholder, Yang Jianliang, holds 29.12% of the shares, totaling 197,723,948 shares[9] - There are no significant changes in the shareholding structure or related party transactions reported[10] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 62,219,452.03 in Q1 2025, compared to CNY 145,937,290.49 in Q1 2024[18] - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[16] - The company has not disclosed any new product developments or market expansion strategies in this report[11] Other Financial Metrics - The weighted average return on net assets increased by 0.51 percentage points to -0.52% from -1.03% year-on-year[4] - The company reported non-recurring gains and losses totaling ¥32,128,812.42 for the period[6] - Accounts receivable increased to CNY 1,159,327,682.95 from CNY 843,124,483.09, reflecting a growth of 37.5%[13] - Inventory rose to CNY 1,765,469,329.95, up 26.5% from CNY 1,395,509,502.28[13]

Financial Performance - The net profit attributable to shareholders for the fiscal year 2024 is -2,696,887,140.75 RMB, with an ending undistributed profit of 1,600,669,676.89 RMB[6]. - The net profit for the parent company in 2024 is -809,334,756.95 RMB, with an ending undistributed profit of -213,751,260.78 RMB[6]. - The company's operating revenue for 2024 was approximately ¥7.30 billion, a decrease of 38.42% compared to ¥11.86 billion in 2023[23]. - The net profit attributable to shareholders was a loss of approximately ¥2.70 billion in 2024, a decline of 464.16% from a profit of ¥740.57 million in 2023[23]. - The basic earnings per share for 2024 was -¥4.322, a decrease of 439.78% compared to ¥1.272 in 2023[24]. - The weighted average return on equity for 2024 was -22.57%, a decrease of 28.6 percentage points from 6.03% in 2023[24]. - The company reported a net cash flow from operating activities of approximately -¥993.41 million in 2024, a decline of 302.30% from ¥491.06 million in 2023[23]. - The company achieved operating revenue of ¥7,302,364,016.61 in 2024, a decrease of 38.42% compared to the previous year[45]. - Operating costs decreased by 21.62% to ¥7,836,737,453.17, reflecting the impact of industry overcapacity and intensified competition[47]. Corporate Governance - The board has decided not to distribute profits or increase capital reserves for the fiscal year 2024, considering the industry development and future funding needs[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and enhancing its internal control systems[96]. - The company actively engages with investors through various channels to gather feedback on its operations and strategies, ensuring transparency and protecting investor rights[98]. - The company maintains a clear separation from its controlling shareholder in terms of assets, personnel, and finances, ensuring independent decision-making and operational capabilities[99]. Research and Development - The company has initiated research and development on large-size thermal fields and low-oxygen N-type monocrystalline materials, achieving mass production with industry-leading oxygen content[33]. - The company has established a leading position in technology research and development, focusing on advanced production lines and TOPCon passivated contact technology to enhance cell efficiency and reduce costs[93]. - The company increased its number of R&D personnel to 635, which constitutes 10.00% of the total workforce[60]. - The company has allocated a budget of 10 million for research and development in the upcoming year[107]. Sustainability and Environmental Impact - The company is focused on sustainable development and has outlined its mid-to-long-term strategic planning[6]. - The company has established a "zero-carbon factory" certified by the China Quality Certification Center, achieving carbon neutrality in production processes[38]. - The company has achieved a reduction of 879,055.92 tons in carbon dioxide equivalent emissions through various carbon reduction measures, including the use of clean energy and carbon reduction technologies[151]. - The company has implemented pollution prevention facilities, including a wastewater reuse treatment station, a high-salinity wastewater treatment device, and a domestic sewage treatment station, all of which operated normally throughout the year[144]. - The company has actively pursued green production measures, including the construction of rooftop photovoltaic power stations to reduce carbon emissions and enhance energy efficiency[150]. Market and Sales Strategy - The company has expanded its sales network overseas to enhance global supply chain resilience amid changing trade environments[37]. - The company aims to expand its market presence in emerging regions such as the Middle East, Latin America, and Africa, which are becoming new growth points for the photovoltaic industry[86]. - The company has established strong relationships with downstream users in the photovoltaic industry, leveraging its customer resource advantages[43]. - The company is committed to enhancing customer experience and providing integrated solutions, ensuring rapid response to urgent customer needs[44]. Financial Management - The company has proposed to invest in a photovoltaic battery project with an annual production capacity of 16GW[100]. - The company plans to apply for a comprehensive credit limit from banks for the year 2024[100]. - The company has entrusted cash asset management with a total amount of RMB 21,106,881,828.43 from self-owned funds, with an expected annual yield of 3.05%[177]. - The company has no major litigation or arbitration matters reported for the current year[170]. - The company has no significant accounting errors or corrections reported[169]. Employee Management - The company has established a comprehensive salary management system to enhance employee motivation and efficiency[126]. - The company emphasizes employee training across three levels: company-wide, departmental, and job-specific[127]. - The total number of employees in the parent company and major subsidiaries is 6,347, with 4,009 in production roles[124]. Risk Management - The company recognizes the risk of macroeconomic fluctuations impacting the photovoltaic industry and is implementing strategies to mitigate these risks[89]. - The company faces risks from international trade disputes and policy adjustments, particularly due to import barriers imposed by some countries on Chinese photovoltaic products[90]. - The photovoltaic industry is experiencing structural overcapacity, leading to a rapid decline in product prices and a significant drop in industry profitability since 2023[91].

弘元绿色能源股份有限公司 章 程 二〇二五年四月修订 | D | | --- | | Caroline | 第四条 公司注册名称：弘元绿色能源股份有限公司。 公司英文名称：HONGYUAN GREEN ENERGY CO.,LTD. 第五条 公司住所：无锡市滨湖区雪浪街道南湖中路 158 号。 邮政编码：214128。 | 第一章 | 总 则 | | --- | --- | | 第二章 经营宗旨和范围 | | | 第三章 股份 . | | | 第一节 | 股份发行 | | 第二节 | 股份增减和回购 . | | 第三节 | 股份转让 | | 第四章 股东和股东大会 . | | | 第一节 | 股东 . | | 第二节 | 股东大会的一般规定 . | | 第三节 | 股东大会的召集 | | 第四节 | 股东大会的提案与通知 | | 第五节 | 股东大会的召开 | | 第六节 | 股东大会的表决和决议 . | | 第五章 董事会 | | | 第一节 董事 . | | | 第二节 董事会 | | | 第六章 经理及其他高级管理人员 . | | | 第七章 监事会 . | | | 第一节 | 监事 | | 第二节 | ...

弘元绿色能源股份有限公司 市值管理制度 第一章 总则 弘元绿色能源股份有限公司 市值管理制度 第一条 为规范弘元绿色能源股份有限公司（以下简称"公司"）市值管理 行为，维护公司、投资者及其他利益相关者的合法权益，根据《中华人民共和国 公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》《上市公司 监管指引第 10 号——市值管理》等法律、法规、规范性文件以及《弘元绿色能 源股份有限公司章程》（以下简称"公司章程"）的规定，特制订本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公 司投资价值和股东回报能力而实施的战略管理行为。 第二章 市值管理的目的与基本原则 第三条 市值管理的主要目的是通过制定正确战略规划、完善公司治理、规 范经营管理及充分、合规的信息披露，引导公司的市场价值与内在价值趋同。同 时，利用资本运作、权益管理、投资者关系管理等手段，使公司价值得以充分实 现，建立稳定和优质的投资者基础，获得长期的市场支持，从而实现公司市值与 内在价值的动态均衡。 第四条 市值管理的基本原则 （一）系统性原则。影响公司市值的因素众多，市值管理必须按照系统思维、 整体推进的原则，改 ...