关于清源科技股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 1、 专项审计报告 2、 附表 委托单位：清源科技股份有限公司 审计单位：容诚会计师事务所（特殊普通合伙） 联系电话：0592-3110089 RSM 容诚 非经营性资金占用及其他关联资金 往来情况专项说明 清源科技股份有限公司 容诚专字|2025|361Z0122 号 容诚会计师事务所(特殊普通合伙) 中国 · 北京 根据中国证券监督管理委员会《上市公司监管指引第 8 号 -- 上市公司资金 往来、对外担保的监管要求》的要求及上海证券交易所《上海证券交易所上市公司 自律监管指南第 2 号 -- 业务办理》的规定,清源科技公司管理层编制了后附的 清源科技股份有限公司 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(以下简称汇总表)。如实编制和对外披露汇总表并保证其真实、准确、完整是 清源科技公司管理层的责任。 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn/）"进行查 报告编码:京25TAP91 关于清源科技股份有限公司 非经营性资金占用及其他关联 ...

审计报告 清源科技股份有限公司 容诚审字[2025]361Z0136 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | | 页码 | | | --- | --- | --- | --- | --- | | 1 | 审计报告 | 1 - | 6 | | | 2 | 合并资产负债表 | 1 | | | | 3 | 合并利润表 | 2 | | | | 4 | 合并现金流量表 | 3 | | | | 5 | 合并所有者权益变动表 | 4 - | 5 | | | 6 | 母公司资产负债表 | 6 | | | | 7 | 母公司利润表 | 7 | | | | 8 | 母公司现金流量表 | 8 | | | | 9 | 母公司所有者权益变动表 | 9 - | 10 | | | 10 | 财务报表附注 | 11 | - | 139 | 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com ...

华泰联合证券有限责任公司 关于清源科技股份有限公司 使用闲置募集资金进行现金管理的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为清源科技股份有限公司（以下简称"清源股份"或"公司"）向不特定对象发 行可转换公司债券的保荐人，根据《证券发行上市保荐业务管理办法》《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》《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，对清源股份拟使用闲置募集资金进行现金管理事项进行了审慎 核查，具体情况如下： 一、募集资金基本情况 根据中国证监会出具的《关于同意清源科技股份有限公司向不特定对象发行 可转换公司债券注册的批复》（证监许可〔2025〕163 号），清源科技股份有限公 司（以下简称"公司"）本次向不特定对象发行的可转换公司债券 500.00 万张， 每张面值为人民币 100 元，募集资金总额为人民币 50,000.00 万元。扣除发行费 用（不含税）金额为 700.47 万元，实际募集资金净额为 49,299.53 万元。截至 2025 年 4 月 14 日，前述募 ...

内部控制审计报告 清源科技股份有限公司 容诚审字[2025]361Z0135 号 容诚会计师事务所(特殊普通合伙) 容诚审字[2025]361Z0135 号 清源科技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 们审计了清源科技股份有限公司（以下简称"清源科技公司"）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 中国·北京 内部控制审计报告 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 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，并评价其有效性是清源 科技公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制 ...

福建天衡联合律师事务所·法律意见书 部级文明律师事务所 PRC Law Firm of Excellence at Ministerial Level 福建天衡联合律师事务所 关于清源科技股份有限公司2024年限制 性股票激励计划第一个解除限售期解除 限售条件未成就暨回购注销部分限制性 股票的 法律意见书 二〇二五年四月 天衡联合律师事务所 Tenet & Partners 中国﹒厦门 厦禾路 666 号海翼大厦 A 幢 16-17 楼 厦门·上海·福州·泉州·龙岩 福建天衡联合律师事务所·法律意见书 为出具本法律意见书，福建天衡联合律师事务所律师审阅了《清源科技股份有限公 司 2024 年限制性股票激励计划（草案）》、《清源科技股份有限公司 2024 年限制性股 票激励计划实施考核管理办法》、公司相关薪酬与考核委员会相关文件、相关董事会会 议文件、监事会会议文件以及本所律师认为需要审查的其他文件，并通过查询政府部门 公开信息对相关的事实和资料进行了核查和验证。 清源科技股份有限公司 2024 年限制性股票激励计划第一个 解除限售期解除限售条件未成就暨回购注销部分限制性股 票的法律意见书 〔2025〕天衡意字 ...

以自筹资金预先投入募集资金投资项目 及支付发行费用的鉴证报告 清源科技股份有限公司 容诚专字[2025]361Z0365 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 序号 内 容 页码 1 以自筹资金预先投入募集资金投资项目及支付发 行费用鉴证报告 1-3 2 以自筹资金预先投入募集资金投资项目及支付发 行费用专项说明 4-6 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 关于清源科技股份有限公司 以自筹资金预先投入募集资金投资项目 及支付发行费用的鉴证报告 容诚专字[2025]361Z0365 号 清源科技股份有限公司全体股东： 我们审核了后附的清源科技股份有限公司（以下简称公司）管理层编制的《关 于以自筹资金预先投入募集资金投资项目及支付发行费用的专项说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供公司 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 360,929,668.51, representing a 3.83% increase compared to CNY 347,620,350.97 in the same period last year[4]. - Net profit attributable to shareholders reached CNY 31,988,358.01, a significant increase of 191.84% from CNY 10,960,989.93 year-on-year[4]. - The basic earnings per share (EPS) increased to CNY 0.1169, up 192.25% from CNY 0.0400 in the previous year[4]. - The company's net profit for Q1 2025 reached CNY 32,041,121.89, a significant increase from CNY 11,042,485.23 in Q1 2024, representing a growth of approximately 190.1%[18]. - Operating profit for Q1 2025 was CNY 33,742,997.16, compared to CNY 15,031,432.08 in the same period last year, indicating an increase of about 124.5%[18]. - Total revenue from operating activities in Q1 2025 was CNY 509,379,916.89, up from CNY 432,437,521.71 in Q1 2024, reflecting a growth of approximately 17.8%[22]. - The total comprehensive income for Q1 2025 was CNY 24,949,106.14, compared to CNY 10,628,535.52 in Q1 2024, indicating an increase of approximately 134.1%[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,147,242,944.11, reflecting a 3.11% increase from CNY 3,052,180,592.24 at the end of the previous year[4]. - Current assets totaled ¥1,864,524,842.70 as of March 31, 2025, compared to ¥1,791,757,949.34 at the end of 2024, marking an increase of 4.06%[13]. - Total liabilities increased to ¥1,836,436,253.49 as of March 31, 2025, compared to ¥1,767,105,156.01 at the end of 2024, an increase of 3.93%[15]. - Shareholders' equity totaled ¥1,310,806,690.62 as of March 31, 2025, up from ¥1,285,075,436.23 at the end of 2024, reflecting an increase of 2.00%[15]. Cash Flow - The net cash flow from operating activities was negative at CNY -26,851,390.00, a decline of 207.41% from CNY -8,734,588.65 in the same period last year[4]. - The company reported a net cash outflow from operating activities of CNY -26,851,390.00 in Q1 2025, compared to CNY -8,734,588.65 in Q1 2024, indicating a decline in cash flow[23]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 142,074,917.97, an increase from CNY 103,455,102.06 at the end of Q1 2024[23]. - Cash and cash equivalents decreased to ¥285,013,567.68 as of March 31, 2025, down from ¥350,271,421.86 at the end of 2024, a decline of 18.61%[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,245[9]. - The top shareholder, HONG DANIEL, holds 29.73% of the shares, totaling 81,407,607 shares[10]. Operating Costs - Total operating costs for Q1 2025 were ¥331,779,466.07, a decrease of 1.00% from ¥336,114,467.64 in Q1 2024[17]. - Operating costs included ¥280,533,208.55 in operating expenses for Q1 2025, up from ¥270,746,847.50 in Q1 2024, reflecting an increase of 3.00%[17]. Other Financial Metrics - The weighted average return on equity rose to 2.48%, an increase of 1.60 percentage points compared to 0.88% last year[4]. - The company incurred financial expenses of CNY -7,532,482.19 in Q1 2025, a significant improvement compared to CNY 18,065,636.76 in Q1 2024[18]. - Research and development expenses for Q1 2025 were CNY 10,492,957.50, slightly down from CNY 10,532,404.54 in Q1 2024, showing a decrease of about 0.4%[18]. - The company reported a 235.77% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 31,631,142.27 compared to CNY 9,420,357.94 last year[4]. - The company experienced a 1,245.28% increase in receivables financing, primarily due to the reclassification of bank acceptance bills[6]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.12, compared to CNY 0.04 in Q1 2024, representing a growth of 200%[19]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -7,092,015.75 in Q1 2025, compared to CNY -413,949.71 in Q1 2024[19]. - Inventory increased to ¥364,446,440.70 as of March 31, 2025, compared to ¥295,352,700.04 at the end of 2024, an increase of 23.41%[13]. - Short-term borrowings rose to ¥126,686,299.43 as of March 31, 2025, compared to ¥79,021,082.89 at the end of 2024, an increase of 60.19%[14].

Profit Distribution and Financial Performance - The company plans to distribute profits at a rate of 0.66 RMB per 10 shares, totaling 18,059,058.60 RMB, based on a share base of 27,362.21 million shares [9]. - The company's operating revenue for 2024 was CNY 1,919,098,611.24, a decrease of 0.90% compared to 2023 [27]. - The net profit attributable to shareholders for 2024 was CNY 90,164,359.07, down 46.67% from 2023 [27]. - The basic earnings per share for 2024 was CNY 0.33, a decline of 46.77% compared to 2023 [28]. - The company's revenue for the reporting period was CNY 1,919,098,611.24, a decrease of 0.90% compared to the previous year [94]. - The company's operating costs increased to CNY 1,511,094,094.06, reflecting a rise of 0.80% year-on-year [94]. - The company reported a significant increase in accounts payable by 148.34% to ¥536,391,016.10, which is 17.57% of total liabilities [112]. - The company reported a total revenue of 99,317,250 million, with a slight increase to 99,675,950 million, reflecting a growth of approximately 0.36% [170]. Audit and Financial Integrity - The company reported a standard unqualified audit opinion from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report [8]. - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity [11]. - The company has established an independent financial department and accounting system, ensuring financial decisions are made autonomously without interference from the controlling shareholder [165]. Risk Management and Forward-Looking Statements - The company emphasizes the importance of risk awareness in its forward-looking statements regarding development strategies and operational plans [10]. - The company has detailed potential risks in the report, which can be found in the management discussion and analysis section [12]. - The company faces risks from policy changes, particularly regarding subsidy policies that could impact the profitability of photovoltaic projects [154]. - Fluctuations in raw material prices, which account for approximately 80% of the cost of photovoltaic support products, pose a risk to the company's profit margins [156]. Sales and Market Expansion - The company plans to accelerate its global strategy and expand its domestic and international sales networks in 2024 [37]. - The company's sales revenue in the Australian market reached 349.78 million yuan, maintaining the number one market share in the distributed photovoltaic bracket market [39]. - The company's sales revenue in the Philippines reached 100.70 million yuan, a year-on-year increase of 185.89%, with a backlog of orders of 480MW [39]. - The company has established overseas branches in Australia, Japan, the UK, Germany, the US, Hong Kong, and Southeast Asia to enhance local market presence and customer support [82]. Research and Development - The company's R&D expenses for the reporting period amounted to CNY 48.99 million, representing a year-on-year increase of 13.37% [49]. - The company aims to strengthen R&D efforts in the photovoltaic industry chain, focusing on energy storage product layout for 2024 [149]. - The company emphasizes continuous technological research and development, improving product performance in extreme environments, such as wind resistance and corrosion resistance [91]. Governance and Management - The company has a complete internal control system that spans all levels and aspects of management, continuously improving governance standards to achieve operational goals [163]. - The board of directors consists of 7 members, including 3 independent directors, exceeding the requirement of having independent directors account for more than 1/3 of the total [161]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring a fair salary system based on basic annual salary and year-end performance assessment [162]. - The company held its annual general meeting on May 31, 2024, and the resolutions were published on the Shanghai Stock Exchange website [166]. Employee and Compensation Policies - The company emphasizes a performance-based compensation policy, linking employee salaries to company profitability and performance [193]. - The total remuneration for Daniel Hong was 1.32 million yuan for the reporting period [169]. - The remuneration for directors and senior management is determined by the board and is based on the company's actual profitability and individual contributions [177]. - The company has established a comprehensive training management system to support employee career growth and strategic development [194]. Production and Operational Efficiency - The company plans to fully implement lean production in its Xiamen and Tianjin production bases, focusing on enhancing production capacity and efficiency through various optimization activities [48]. - The production capacity utilization rate for photovoltaic brackets is 98.31%, with a total output of 7.57 GW [128]. - The company plans to expand the production scale of photovoltaic brackets and upgrade production lines to enhance efficiency and reduce costs [148]. Market Trends and Government Policies - The cumulative installed capacity of photovoltaic power in China reached 885.68 GW by the end of 2024, with a year-on-year increase of 28.33% [55]. - The Chinese government aims to increase the proportion of non-fossil energy to approximately 39% of total electricity generation by the end of 2025 [62]. - The government plans to promote distributed renewable energy development through initiatives like the "Thousand Villages Wind Action" and "Thousand Households Light Action" to enhance rural energy access [64]. Product Development and Innovation - The company has developed over 200 types of photovoltaic brackets and accessories across 12 categories, focusing on customer needs and providing tailored solutions for different installation environments [77]. - The newly launched SolarRoof Pro2.0 has received TÜV Rheinland and ETN certification, providing efficient and flexible photovoltaic installation solutions for Europe [87]. - The company has successfully launched multiple portable and residential energy storage products, achieving several product certifications and applying for multiple patents [76]. Financial Management and Cash Flow - The financing activities generated a net cash flow of CNY 57,905,799.73, an increase of 62.74% compared to the previous year [94]. - Cash and cash equivalents increased by 70.19% to ¥350,271,421.86, representing 11.48% of total assets [112]. - The company has implemented a cash dividend policy, aiming for a minimum of 20% of distributable profits to be distributed as cash dividends if no major investments are planned [196].

Market Overview - The convertible bond market experienced a slight increase alongside the equity market, with the China Securities Convertible Bond Index rising by 0.90% to 422.21 points as of April 25, 2025 [10][24] - The overall A-share market saw the Wande All A Index increase by 1.15%, while the Shanghai Composite Index rose by 0.56% during the same period [10][12] Convertible Bond Valuation - The convertible bond premium rate slightly decreased to 52.17%, down 3.07% from the previous week, indicating a return to the 25th percentile of historical levels since 2024 [3][37] - High premium rates were observed in the textile, food and beverage, pharmaceutical, construction materials, and non-bank financial sectors, while lower rates were noted in banking, agriculture, communication, commercial trade, and comprehensive sectors [3][40] Convertible Bond Supply and Demand - The total outstanding convertible bonds reached 702.636 billion yuan, with a slight increase of 20.50 billion yuan from the previous week, and an average remaining maturity of 2.7 years [4][46] - Demand for convertible bonds remains strong, with convertible bond funds holding a market value of 174.968 billion yuan, reflecting a 3.6% increase from the previous annual report [4][52] Sector Performance - The automotive, construction materials, computer, home appliances, and electrical equipment sectors showed strong performance in the convertible bond market, while the media, communication, banking, food and beverage, and public utilities sectors lagged [2][35] - Notable individual bonds that performed well included Fuxin Convertible Bond (Chemicals), Zhongchong Convertible Bond (Agriculture), and Zhongqi Convertible Bond (Construction Materials) [2][35] Investment Strategy - The report suggests focusing on convertible bonds in sectors with strong policy support expectations, particularly in service consumption and growth-oriented styles, as the A-share market is expected to experience structural trends [5]

清源科技股份有限公司 证券代码：603628 证券简称：清源股份 公告编号：2025-021 一、募集资金基本情况 根据中国证监会出具的《关于同意清源科技股份有限公司向不特定对象发行 可转换公司债券注册的批复》（证监许可〔2025〕163 号），清源科技股份有限公 司（以下简称"公司"）本次向不特定对象发行的可转换公司债券 500.00 万张， 每张面值为人民币 100 元，募集资金总额为人民币 500,000,000.00 元。扣除发行 费用（不含税）金额为 7,004,716.98 元，实际募集资金净额为 492,995,283.02 元。 截至 2025 年 4 月 14 日，前述募集资金已全部到账，容诚会计师事务所（特殊普 通合伙）对本次募集资金到账情况进行了审验，并于 2025 年 4 月 14 日出具了容 诚验字[2025]361Z0013 号《验资报告》。 二、《募集资金专户存储三方监管协议》的签订情况和募集资金专户的开立 情况 为规范公司募集资金的存放、使用与管理，保护投资者合法权益，根据《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》《上海证 券交易所上市公司自律监管 ...