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].

赛伍技术（603212.SH）：光伏材料 盈利下滑，持续推进产品结构优化 ——2024 年年报及 25 年一季报业绩点评 财务要点：公司 24 年全年实现营业收入 30.04 亿，同比下滑 27.89%，实现归 母净利-2.85 亿元，同比下滑 375.0%。25 年 Q1 实现营业收入 6.43 亿元，同 比下滑 27.35%，实现归母净利-0.33 亿元，同比下滑 216.13%。 胶膜、背板盈利能力下滑致业绩表现不佳。24 年公司营收下滑主要原因为背 板、胶膜单价分别下降 24.92%、32.86%；同时 TOPCon 组件双玻化对背板 市场需求产生冲击，公司 2024 年背板出货量减少 35.37%。公司归母净利首 次出现亏损，主要原因为 1）光伏背板、胶膜等产品因行业同质化竞争导致毛 利率下降，从第三季度开始出现亏损；2）原材料及主营产品价格下滑，公司 基于审慎原则，计提资产减值 8,771 万元，应收账款等信用减值 1.12 亿元。 25 年一季度随着行业抢装，公司毛利率从负转正修复至 2.67%，归母净利环 比减亏 82.5%。 光伏材料板块将继续优化产品结构。随着 TOPCon、HJT、XBC ...

Core Viewpoint - Saiwu Technology (603212.SH) reported a significant decline in revenue and net profit for the fiscal year 2024, indicating financial challenges faced by the company [1][2][3]. Financial Performance Summary - For the year 2024, the company achieved operating revenue of 3.004 billion yuan, a decrease of 27.89% compared to the previous year [2][3]. - The net profit attributable to shareholders was -284.93 million yuan, a decline from a profit of 103.61 million yuan in the previous year, representing a 375% decrease [2][3]. - The net profit after excluding non-recurring gains and losses was -286.14 million yuan, down from 87.96 million yuan, marking a 425.29% decline [2][3]. - The net cash flow from operating activities was 365.04 million yuan, showing a substantial increase of 1,381.36% year-on-year [2][3]. Q1 2025 Performance Summary - In the first quarter of 2025, the company reported operating revenue of 643.20 million yuan, a decrease of 27.35% year-on-year [3]. - The net profit attributable to shareholders for Q1 2025 was -33.15 million yuan, compared to a profit of 28.55 million yuan in the same period last year, reflecting a 216.13% decline [3]. - The net profit after excluding non-recurring gains and losses was -36.33 million yuan, down from 27.98 million yuan, indicating a 229.83% decrease [3]. - The net cash flow from operating activities was -9.28 million yuan, an improvement of 63.17% compared to -25.20 million yuan in the previous year [3]. Dividend Policy - The company plans not to distribute cash dividends or increase share capital from reserves for the fiscal year 2024 [1].

2025年4月30日，赛伍技术(603212.SH)发布2025年第一季报。截至2025年4月30日，共有9个机构投资者 披露持有赛伍技术A股股份，合计持股量达2.08亿股，占赛伍技术总股本的47.43%。其中，机构投资者 包括苏州高新区泛洋科技发展有限公司、吴江东运创业投资有限公司、SILVER GLOW INVESTMENTS LIMITED、苏州苏宇企业管理中心(有限合伙)、上海汇至股权投资基金中心(有限合伙)、香港中央结算 有限公司、高盛国际-自有资金、中国工商银行股份有限公司-前海开源新经济灵活配置混合型证券投资 基金、苏州赛盈企业管理中心(有限合伙)，机构投资者合计持股比例达47.43%。相较于上一季度，机构 持股比例合计下跌了1.81个百分点。 公募基金方面，本期较上一季未再披露的公募基金共计15个，主要包括万家中证1000指数增强A、鹏华 上华一年持有期混合A、中欧中证1000指数增强A、鹏华宁华一年持有期混合A、万家国证2000指数增 强A等。 外资态度来看，本期较上一季度持股减少的外资基金共计1个，即SILVER GLOW INVESTMENTS LIMITED，持股减少占比达1.88%。 ...

苏州赛伍应用技术股份有限公司 关于 2024 年度计提信用减值准备和资产减值准备的公告 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。 证券代码：603212 证券简称：赛伍技术 公告编号：2025-011 经测试，2024 年度公司拟计提信用减值准备和资产减值准备合计 19,948.60 万元，对公司合并报表利润总额影响数为 19,948.60 万元。具体情况如下： 单位：万元 苏州赛伍应用技术股份有限公司（以下简称"公司"）于2025年4月28日召 开第三届董事会第十四次会议和第三届监事会第十次会议，审议通过了《关于 2024年度计提信用减值准备和资产减值准备的议案》，现将具体情况公告如下： | | 项目 | 年 2024 1-12 （收益以"-"号填列） | 月计提金额 | | --- | --- | --- | --- | | 信用减值损失 | 应收票据坏账准备 | | 676.52 | | | 应收账款坏账准备 | | 10,307.79 | | | 其他应收款坏账准备 | | 193.15 | | | 小计 ...