证券代码：603185 证券简称：弘元绿能 公告编号：2025-029 弘元绿色能源股份有限公司 关于完成工商变更登记并换发营业执照的公告 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个别及连带责任。 经营范围：数控机床、通用机床、自动化控制设备、检测设备、金属结构件、 机床零部件及配件的制造、加工、销售；五金加工；数控软件的开发；自营和代 理各类商品及技术的进出口业务（国家限定企业经营或禁止进出口的商品和技术 除外）。（依法须经批准的项目，经相关部门批准后方可开展经营活动） 一般项目：电子专用材料研发；电子专用材料制造；电子专用材料销售；半 导体器件专用设备制造；半导体器件专用设备销售；非金属矿物制品制造；非金 属矿及制品销售；光伏设备及元器件制造；光伏设备及元器件销售（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动） 弘元绿色能源股份有限公司（以下简称"公司"）于 2024 年 3 月 8 日、2024 年 3 月 26 日、2025 年 4 月 29 日和 2025 年 5 月 20 日分别召开第四届董事会第 二十次会 ...

Industry Overview - The photovoltaic market is experiencing intensified competition, leading to significant price declines and many companies facing losses upon production commencement due to rapid capacity expansion causing supply-demand mismatches [1][4] - The industry is currently in a deep adjustment phase, with overall operating rates declining and over 140,000 employees laid off across 109 listed photovoltaic companies last year [1] Company Insights - Major companies in the Baotou equipment manufacturing industrial park include Hongyuan New Materials, Baotou Canadian Solar, and Baotou JA Solar, primarily focusing on upstream processes like crystal pulling and slicing [1][5] - Despite claims of maintaining operational rates, some companies report significant reductions in workforce and production lines due to decreased orders, with some factories experiencing shutdowns [1][9] Employee Conditions - Employees report reduced wages and job insecurity, with some stating that salaries have dropped from over 10,000 yuan to as low as 3,000 yuan, reflecting the industry's downturn [2][3] - Workers face strict conditions regarding working hours and pay, with deductions for insufficient attendance, leading to a high turnover rate as employees leave for better opportunities [2][3] Market Dynamics - The operating rates for leading companies in the silicon wafer sector are reported at 50% to 56%, while integrated companies range from 56% to 80%, indicating a general decline in production capacity [5][10] - The overall market demand is expected to decrease, which may lead to further fluctuations in operating rates and continued layoffs in the sector [5][10] Economic Impact - The decline in the photovoltaic industry has adversely affected surrounding businesses, with local commercial areas experiencing reduced foot traffic and sales due to lower employee wages and numbers [12][15] - The ripple effect of production halts is impacting service industries, with many restaurants and shops reporting significant drops in revenue and some even closing down [12][15][16] Future Outlook - Analysts suggest that improving supply-demand dynamics, policy support, and industry self-regulation could help stabilize the industry and employee wages, but short-term solutions remain elusive [16]

Core Viewpoint - The company has experienced a significant decline in stock price, dropping over 90% from its historical peak, reflecting the cyclical nature of the technology sector, similar to that of the pork industry [2] Financial Performance - The company reported strong financial performance in 2021 and 2022, with a global silicon wafer shipment of 31.18 GW in 2022, ranking third globally [4][5] - In 2023, the company faced a revenue decline of 38.42% to 7.302 billion yuan and a net loss of 2.697 billion yuan, but showed signs of reduced losses in Q1 2025 with revenue of 1.657 billion yuan and a net loss of 61.8758 million yuan [7] Industry Context - The solar industry has been in a downturn for over a year and a half, with price reductions starting in Q4 2023 [7] - The company maintains a relatively low debt ratio of 58.15% in Q1 2025 compared to other integrated solar companies, which exceed 70% [7] Strategic Positioning - The company emphasizes its integrated development as a competitive advantage, allowing it to mitigate risks associated with low external sales prices by utilizing its products internally [8][10] - The company has increased its silicon material production efficiency from a designed capacity of 50,000 tons to 75,000 tons, benefiting from low production costs in Inner Mongolia [8] Market Outlook - The management expressed confidence in navigating the current downturn, stating that the company can accept breakeven or slight losses to maintain operations without risking financial stability [10] - The company is not planning to sell or participate in the restructuring of its silicon material capacity, focusing instead on self-use of its advanced production capacity [7][10]

北京植德（上海）律师事务所 关于弘元绿色能源股份有限公司 2024 年年度股东大会的 法律意见书 植德沪(会)字[2025]0020 号 二〇二五年五月 植德沪(会)字[2025]0020 号 致：弘元绿色能源股份有限公司（贵公司） 北京植德（上海）律师事务所（以下简称"本所"）接受贵公司的委托，指 派律师出席并见证贵公司 2024 年年度股东大会（以下简称"本次会议"）。 本所律师参加本次会议进行见证，并根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）、《律师事务所从事 证券法律业务管理办法》（以下简称"《证券法律业务管理办法》"）、《律师 事务所证券法律业务执业规则（试行）》（以下简称"《证券法律业务执业规则》"） 等相关法律、行政法规、规章、规范性文件及《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，就本次会议的召集与召开程序、召集人 资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 上海市徐汇区虹 ...

证券代码：603185 证券简称：弘元绿能 公告编号：2025-028 弘元绿色能源股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 20 日 (二)股东大会召开的地点：无锡市滨湖区雪浪街道南湖中路 158 号行政楼一楼会 议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 563 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 323,699,732 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 47.6714 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 2、 议案名称：《关于公司 2024 年度监事会工作报告的议案》 审议结果：通过 表决情况： 本次股东大会由公司董事会召集，董事 ...

Core Viewpoint - The solar photovoltaic sector experienced significant stock price increases due to rumors of a potential "storage plan" aimed at reducing production and stabilizing prices in the silicon material industry [2][5][6]. Group 1: Market Reaction - On May 13, several solar companies, including Tongwei Co., Ltd. and Daqo New Energy Corp., saw their stock prices surge, with Tongwei reaching a limit up and Daqo increasing by over 19% [2]. - The Wind photovoltaic index rose by 1.40%, contrasting with the overall flat performance of the A-share market on the same day [5]. - The rumors of a "storage plan" were circulated on social media, suggesting that leading companies in the silicon material sector were discussing significant production cuts to stabilize prices [5][6]. Group 2: Industry Dynamics - Industry insiders confirmed that discussions about production cuts and price stabilization were indeed taking place among leading silicon material manufacturers, although the specifics of the "storage plan" remained unclear [6][7]. - The China Nonferrous Metals Industry Association's silicon division reported that the average operating rate of silicon material companies had dropped to below 40%, marking a historical low [8]. - Despite efforts to reduce production, the inventory levels in the silicon material sector remained high, with approximately 391,800 tons of inventory reported as of March 2025 [8]. Group 3: Price Trends - The average transaction price for silicon materials fell to 41,600 yuan per ton in the first quarter, with a year-on-year decrease exceeding 44% in production [8]. - The market for silicon materials has been under pressure, with prices declining due to high inventory levels and a lack of demand following the end of a "rush installation" effect [8][9]. - The industry is facing challenges in balancing supply and demand, with concerns about how to fill the demand gap as the "rush installation" effect fades [8].

Group 1 - The three major indices experienced fluctuations and increased, with the photovoltaic equipment sector leading the gains, particularly in silicon energy and solid-state battery concepts, as the China Securities New Energy Index rose by 1.27% [1] - The New Energy ETF (159875) increased by 1.15%, with constituent stocks such as Daqo New Energy rising over 16%, and Dongfang Risheng increasing over 15%, while Tongwei Co., Ltd. and GCL-Poly Energy Holdings Ltd. hit the daily limit [1] - The New Energy ETF closely tracks the China Securities New Energy Index, which selects listed companies involved in renewable energy production, application, storage, and interaction devices to reflect the overall performance of the new energy industry [1] Group 2 - Dongguan Securities emphasized that improving photoelectric conversion efficiency and reducing production costs are core to the photovoltaic industry's development, necessitating continuous new product launches in the photovoltaic equipment sector to meet technological advancements [2] - Industrialization of solid-state batteries is accelerating, with 2025 identified as a critical turning point, as companies across the supply chain are rapidly establishing production lines in preparation for mass production of solid-state battery models [2]

Core Viewpoint - The global energy transition is advancing, with the photovoltaic industry experiencing rapid growth, but facing challenges such as supply-demand adjustments and intensified market competition [1] Group 1: Company Performance - In 2024, the company achieved an operating revenue of 7.302 billion yuan, a year-on-year decrease of 38.42%, and a net profit attributable to shareholders of -2.697 billion yuan [1] - In the first quarter of 2025, the company reported an operating revenue of 1.657 billion yuan, a year-on-year decrease of 24.37%, and a net profit of -61.8758 million yuan, indicating a reduction in losses [1] Group 2: Strategic Direction - The reduction in net profit in the first quarter of 2025 was primarily due to the company's commitment to the N-type full industry chain strategy, focusing on cost reduction, efficiency enhancement, and technological innovation [2] - The company aims to leverage its full industry chain advantages to maintain core competitiveness amidst uncertainties influenced by supply-demand relationships, technological iterations, raw material costs, and policy environments [2] Group 3: Revenue Structure - In 2024, the company's main revenue sources were from silicon wafers, batteries, and modules, with silicon wafer revenue at 3.027 billion yuan, down 71.8%, while solar module and battery revenue reached 3.946 billion yuan, up 354.93% [2] Group 4: Asset Management - Since 2025, the company has begun to divest its silicon material assets, including the sale of a 49.9950% stake in Jiaxing Zhongping Guoyu and a 27.0737% stake in Inner Mongolia Xinyuan Silicon Material Technology for 1.245 billion yuan [3] - The company maintains its own silicon material production capacity to meet its silicon wafer production needs, with no reduction in overall production capacity [3] - As of the end of the first quarter, the company's asset-liability ratio was 58%, indicating a healthy financial status that allows for effective response to current industry conditions [3]

| 弘元绿色能源股份有限公司 | | | 2024 年年度股东大会 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 弘元绿色能源股份有限公司 | | | | | | | | 会议资料 | | | | | | | | 中国·江苏 | | | | | | | 弘元绿色能源股份有限公司 | | | 2024 | 年年度股东大会 | | | | | 录 | 目 | | | | | | 一、2024 | 年年度股东大会会议须知 | | | 3 | | | | 二、2024 | 年年度股东大会会议议程 | | | 5 | | | | 三、2024 | 年年度股东大会会议议案 | | | 6 | | | | 议案 | 1.《关于公司 年度董事会工作报告的议案》 | 2024 | | 6 | | | | 议案 | 2.《关于公司 年度监事会工作报告的议案》 | 2024 | | 13 | | | | 议案 | 3.《关于公司 年度独立董事述职报告的议案》 | 2024 | | | 18 | | | 议案 | 4.《关于公司 年度财务决算报告的议案》 | 2024 ...

弘元绿色能源股份有限公司 2024 年年度股东大会 弘元绿色能源股份有限公司 2024 年年度股东大会 会议资料 中国·江苏 2025 年 5 月 1 弘元绿色能源股份有限公司 2024 年年度股东大会 $$\begin{array}{r l}{\boxed{\mathbb{H}}}&{{}{\overline{{\frac{1}{3K}}}}}\end{array}$$ | 一、2024 | 年年度股东大会会议须知 | | | 3 | | --- | --- | --- | --- | --- | | 二、2024 | 年年度股东大会会议议程 | | | 5 | | 三、2024 | 年年度股东大会会议议案 | | | 6 | | 议案 | 1.《关于公司 | 2024 | 年度董事会工作报告的议案》 | 6 | | 议案 | 2.《关于公司 | 2024 | 年度监事会工作报告的议案》 | 13 | | 议案 | 3.《关于公司 | 2024 | 年度独立董事述职报告的议案》 | 18 | | 议案 | 4.《关于公司 | 2024 | 年度财务决算报告的议案》 | 35 | | 议案 | 5.《关于公司 ...