Group 1 - The BC battery sector has seen a significant rise, with Saiwu Technology (603212) hitting the daily limit up [1] - Other companies such as Laplace, Lushan New Materials (603051), GCL-Poly Energy (002506), Yubang New Materials (301266), and Haiyou New Materials have also experienced notable increases [1] - There is a surge of dark pool funds flowing into these stocks, indicating strong investor interest [1]

证券代码：603212 证券简称：赛伍技术 公告编号：2025-025 公司不存在逾期担保的情况，不存在反担保。 苏州赛伍应用技术股份有限公司 为控股子公司提供担保的进展公告 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。 重要内容提示： 被担保人名称：浙江赛伍应用技术有限公司（以下简称"浙江赛伍"），为苏 州赛伍应用技术股份有限公司（以下简称"公司"）全资子公司。 担保金额：近期公司为全资子公司浙江赛伍提供融资担保 1 亿元，担保金额均 在股东大会对外担保审批额度内。 特别风险提示：截至本公告披露日，公司对外担保余额为 5.64 亿元人民币，占 公司最近一期经审计净资产的 21.09%；被担保人浙江赛伍 2024 年期末资产负债率超过 70%，请投资者注意担保风险。 一、担保情况概述 为满足公司下属子公司日常经营及业务发展需要，确保下属子公司的生产经营活动顺 利开展，公司第三届董事会第十四次会议及 2024 年年度股东大会先后审议通过了《关于 公司 2025 年度为控股子公司提供担保的议案》，同意公司为下属子公司申请银 ...

证券代码：603212 证券简称：赛伍技术 公告编号：2025-024 苏州赛伍应用技术股份有限公司 关于追认 2024 年度日常关联交易及预计 2025 年度日常关联 交易的公告 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： 本公告涉及的日常关联交易事项无需提交股东大会审议。 本公告涉及的日常关联交易事项以实际生产经营为基础，追认 2024 年 度日常关联交易及预计 2025 年度日常关联交易系为满足公司业务发展及生产经 营需要，交易定价遵循公平、公正、公允的原则，不会影响公司的独立性，不存 在损害公司及股东利益的情形，不会对关联人形成较大依赖。 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 苏州赛伍应用技术股份有限公司（以下简称"公司"或"赛伍技术"）2024 年与常州都铂高分子材料股份有限公司（以下简称"常州都铂"）发生日常关联 交易 3,647.35 万元，2025 年预计与常州都铂发生日常关联交易不超过 4,000 万元。 现对2024年发生的日常关联交易进行追认并对2025年拟发生的 ...

证券代码：603212 证券简称：赛伍技术 公告编号：2025-023 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。 一、董事会会议召开情况 （一）苏州赛伍应用技术股份有限公司（以下简称"公司"）第三届董事会第十五次 会议的召开符合《中华人民共和国公司法》和《公司章程》的有关规定。 （二）本次会议通知和资料已于 2025 年 5 月 26 日以邮件的方式向全体董事发出。 （三）本次会议于 2025 年 5 月 28 日以现场和通讯表决相结合的方式在公司会议室 召开。 （四）本次会议应出席的董事 9 名，实际出席会议的董事 9 名，无缺席会议的董事。 （五）本次会议由董事长吴小平主持，公司监事、高级管理人员列席了本次会议。 二、董事会会议审议情况 苏州赛伍应用技术股份有限公司 第三届董事会第十五次会议决议公告 本议案已经公司第三届董事会独立董事专门会议 2025 年第一次会议审议通过。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）上披露的《关 于追认 2024 年度日常关联交易及预计 202 ...

证券代码：603212 证券简称：赛伍技术 公告编号：2025-022 苏州赛伍应用技术股份有限公司 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 表决情况： | 1、出席会议的股东和代理人人数 | 247 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 119,282,949 | | 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 | 27.2652 | | 份总数的比例（%） | | | 股东类型 | 同意 | | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 票数 | 比例 | 票数 | 比例 | 票数 | 比例 | | | | | （%） | | （%） | | （%） | | A 股 | | 118,403,611 | 99.2628 | 839,772 | 0.7040 ...

上海市广发律师事务所 关于苏州赛伍应用技术股份有限公司 2024 年年度股东大会的法律意见书 致：苏州赛伍应用技术股份有限公司 苏州赛伍应用技术股份有限公司（以下简称"公司"）2024 年年度股东大会 于 2025 年 5 月 20 日在苏州市吴江区江陵街道兴瑞路 699 号苏州赛伍应用技术股 份有限公司九龙厂区三楼大会议室召开。上海市广发律师事务所经公司聘请，委 派黎沁菲律师、吉喆律师出席现场会议，根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等法 律法规、其他规范性文件以及《苏州赛伍应用技术股份有限公司章程》（以下简 称"《公司章程》"）的规定，就本次股东大会的召集和召开程序、召集人及出席 会议人员的资格、会议议案、表决方式和表决程序、表决结果和会议决议等出具 本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 公司已向本所保证和承诺，公司向本所律师所提供的文件和所作的陈述和说 明是完整的、真实的和有效的，有关原件及其上面的签字和印章是真实的，且一 ...

Core Viewpoint - The 2024 annual shareholder meeting of Suzhou Saiwu Application Technology Co., Ltd. will address the company's operational challenges, including a significant revenue decline and a net loss for the first time, while also discussing governance and future plans [3][4][23]. Meeting Details - The meeting is scheduled for May 20, 2025, at 14:00, located at the company's headquarters in Suzhou [2][3]. - The chairman, Mr. Wu Xiaoping, will host the meeting, which will include the introduction of attendees and the reading of meeting guidelines [3][4]. Financial Performance - The company reported a revenue of 3.004 billion yuan in 2024, a decrease of 27.89% year-on-year, primarily due to falling prices of solar back sheets and films [3][4]. - The net profit attributable to shareholders was -285 million yuan, marking the first loss in the company's history, attributed to increased competition and price declines in the photovoltaic industry [3][4][23]. - Operating cash flow was reported at 365 million yuan, a significant increase of 1381.36%, indicating healthy cash flow management despite the overall loss [3][4]. Governance and Decision-Making - The board of directors emphasized compliance with legal regulations and the importance of maintaining shareholder rights during the meeting [2][4]. - Various proposals will be presented for approval, including the 2024 annual report, financial statements, and the decision not to distribute dividends due to the net loss [23][24]. Future Outlook - The board plans to enhance governance structures and investor relations, focusing on long-term development and maintaining stable cash flow [14][20]. - The company aims to provide guarantees for its subsidiaries to support their operational needs, with a proposed guarantee amount of up to 1.8 billion yuan for 2025 [25].

2024年年度股东大会 会 议 资 料 苏州赛伍应用技术股份有限公司 二〇二五年五月 | 2024 年年度股东大会会议议程 | 4 | | --- | --- | | 年年度股东大会会议资料 2024 | 5 | | 议案一：2024 年度董事会工作报告 | 5 | | 议案二：2024 年度监事会工作报告 | 12 | | 议案三：关于 2024 年年度报告及摘要的议案 15 | | | 议案四：关于 年度财务决算报告的议案 16 2024 | | | 议案五：关于 2024 年年度利润分配方案的议案 19 | | | 议案六：关于确认公司董事、监事 年度薪酬的议案 20 2024 | | | 议案七：关于公司 2025 年度为控股子公司提供担保的议案 21 | | | 议案八：关于公司 年度向银行申请授信额度的议案 27 2025 | | | 议案九：关于公司续聘会计师事务所的议案 28 | | | 听取：苏州赛伍应用技术股份有限公司 年度独立董事述职报告（王德瑞） 2024 | 31 | | 听取：苏州赛伍应用技术股份有限公司 2024 年度独立董事述职报告（梁振东） | 36 | | 听取：苏州赛伍应 ...

Core Viewpoint - The photovoltaic industry is facing significant challenges, particularly in the encapsulation material market, leading to a harsh reshuffling of the market landscape and declining performance for key players [3][4][5]. Group 1: Industry Performance - The photovoltaic encapsulation material market is experiencing a downturn, with major companies like Foster, Haiyou New Materials, and Saiwu Technology reporting substantial declines in revenue and profit [3][4]. - Foster's 2024 revenue was 19.147 billion yuan, a decrease of 15.23% year-on-year, while net profit fell by 29.33% to 1.308 billion yuan [4]. - The overall market environment is complex and severe, with global photovoltaic market growth expected to slow down significantly by 2025, creating uncertainty for encapsulation material companies [3][6]. Group 2: Competitive Landscape - The competitive landscape for photovoltaic encapsulation materials is undergoing a transformation, with varying shipment scales among companies based on their competitive strength and strategic choices [3][8]. - In 2024, Foster maintained its position as the market leader with a 50% market share, while competitors like Swick and Haiyou New Materials are in the second tier with over 10% market share [8][9]. - The shipment volume for Foster in 2024 was 2.811 billion square meters, significantly higher than Swick's 0.655 billion square meters, highlighting the disparity in market presence [8]. Group 3: Financial Struggles - Many second and third-tier companies are facing severe financial difficulties, with losses reported by Haiyou New Materials, Saiwu Technology, and Tianyang New Materials in both 2024 and the first quarter of 2025 [5][6]. - Haiyou New Materials reported losses of 558 million yuan in 2024 and 57 million yuan in Q1 2025, while Saiwu Technology reported losses of 285 million yuan and 33 million yuan, respectively [5]. - The decline in sales prices due to intensified competition and high production costs has led to reduced profitability across the industry [5][6]. Group 4: Future Outlook - The profitability recovery for 2025 remains uncertain, influenced by domestic electricity market policies and changes in U.S. tariff regulations, with a projected 10% growth in the global photovoltaic market [6][7]. - Companies are exploring new growth avenues, such as electronic materials, to mitigate the impact of declining encapsulation material prices [6][7]. - The relationship between companies like Bai Jia Nian and Tianyang New Materials is evolving, raising questions about future market dynamics and potential mergers or acquisitions [10][11].

Investment Rating - The report has downgraded the investment rating to "Recommended" due to ongoing pressure on profitability in the photovoltaic industry [3][5]. Core Views - The company experienced a significant decline in revenue and net profit in 2024, with a revenue drop of 27.89% year-on-year to 3.004 billion and a net loss of 284.93 million [1][4]. - The decline in profitability is attributed to reduced prices for back sheets and films, which fell by 24.92% and 32.86% respectively, alongside a 35.37% decrease in back sheet shipment volume [1][2]. - The company is focusing on optimizing its product structure to enhance competitiveness in the photovoltaic sector, leveraging advancements in battery technologies and new manufacturing processes [2]. Financial Performance Summary - In 2024, the company reported a total revenue of 3.004 billion, a decrease of 27.89% from the previous year, and a net profit of -284.93 million, marking a 375% decline [4]. - For Q1 2025, the revenue was 643 million, down 27.35% year-on-year, with a net loss of 33 million, a 216.13% decline [1]. - The forecast for net profit from 2025 to 2027 is projected to be -69.86 million, 87.61 million, and 126.88 million respectively, with corresponding EPS of -0.16, 0.20, and 0.29 [3][4]. Emerging Business Segments - The emerging business segments accounted for 21.57% of total revenue in 2024, an increase of 8.53 percentage points year-on-year, with notable growth in photovoltaic operation materials, lithium batteries, and semiconductor materials [2]. - The company plans to increase investment in research and development for new energy vehicles, consumer electronics, and semiconductor materials to further enhance its product matrix and customer coverage [2].