Financial Performance - The company's total revenue for 2024 reached CNY 11.21 billion, representing a 49.82% increase compared to CNY 7.48 billion in 2023[26]. - Net profit attributable to shareholders for 2024 was CNY 2.96 billion, a 65.29% increase from CNY 1.79 billion in 2023[26]. - The basic earnings per share for 2024 was CNY 4.76, up 59.73% from CNY 2.98 in 2023[27]. - The company's net assets increased by 80.72% to CNY 9.45 billion at the end of 2024, compared to CNY 5.23 billion at the end of 2023[26]. - Operating cash flow for 2024 was CNY 3.37 billion, reflecting a 61.78% increase from CNY 2.08 billion in 2023[26]. - The total cash dividend for the year, including interim distributions, amounts to RMB 2,453,832,192.40[6]. - The cumulative cash dividend over the last three fiscal years amounts to 3,196,848,424.54 RMB, with an average cash dividend ratio of 152.99% of the average annual net profit[169]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.6 per share, totaling RMB 1,679,500,669.60 (including tax), which represents 82.89% of the net profit attributable to shareholders for the year[6]. - For the 2023 fiscal year, the cash dividend is proposed at 2.1 RMB per share, amounting to 903,169,766.10 RMB, with a capital reserve increase of 0.4 shares per share[162]. - The cash dividend for the 2022 fiscal year was set at 2.26 RMB per share, totaling 539,990,388 RMB distributed, along with a capital reserve increase of 0.8 shares per share[161]. Market Expansion and Product Development - The company plans to accelerate product technology updates and enhance customer loyalty through a global after-sales service system[37]. - The company experienced significant growth in its inverter business, driven by the demand for energy storage products, particularly in overseas markets[28]. - The company plans to ship 540,600 energy storage inverters, 410,600 string inverters, and 420,300 microinverters in 2024[50]. - The company is actively pursuing market expansion in Southeast Asia, with plans to establish two new distribution centers by the end of 2024[138]. - A strategic acquisition of a local competitor is in progress, which is expected to increase market share by 5% within the next year[139]. Research and Development - Research and development expenses rose to ¥548,898,863.86, an increase of 25.78% year-on-year, reflecting a focus on new product development[75]. - The R&D department has successfully developed three new energy-efficient products, expected to launch in Q2 2024, which are anticipated to enhance market competitiveness[137]. - The company plans to enhance its R&D capabilities, focusing on product updates and differentiation to meet diverse market needs[110]. Risk Management - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting potential investment risks[8]. - The company has detailed potential risks in the report, urging investors to review the relevant sections[10]. - The company faces risks related to technological upgrades, including the need for continuous innovation in the rapidly evolving renewable energy sector[111]. - Fluctuations in raw material prices, especially for key components like copper and aluminum, pose a risk to cost management and profitability[114]. Corporate Governance - The company has established four specialized committees under the board of directors, with independent directors holding a majority in the audit, nomination, and remuneration committees[123]. - The company has not experienced any significant differences in governance compared to the regulations set by the China Securities Regulatory Commission[125]. - The company has implemented measures to ensure the independence of its assets, personnel, and operations[126]. Employee Engagement and Compensation - The company has implemented a training plan tailored to departmental needs, ensuring employee development aligns with company goals[159]. - The total remuneration for all directors, supervisors, and senior management reached CNY 35.06 million[141]. - The company has established a salary system for senior management, which includes a fixed annual salary, annual bonuses linked to performance, and special rewards for significant achievements[182]. Environmental Responsibility - The company invested 1.5312 million yuan in environmental protection during the reporting period[187]. - The company has implemented a series of environmental management systems to ensure compliance and enhance environmental responsibility[188]. - The company has adopted low-carbon measures, including increasing the use of clean energy in its production processes[191]. Financial Audit and Reporting - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company completed 4 regular reports and disclosed 92 temporary announcements during the reporting period[125]. - The audit committee convened 4 meetings during the reporting period, reviewing key financial reports including the 2023 annual financial report and the 2024 first quarter report[149].

证券代码：605117 证券简称：德业股份 公告编号：2025-040 宁波德业科技股份有限公司 关于 2024 年员工持股计划锁定期届满暨解锁条件成 就的提示性公告 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。 2024 年 4 月 25 日公司召开第三届董事会第四次会议、第三届监事会第三次 会议及 2024 年 5 月 15 日召开 2023 年年度股东大会审议通过了《关于 2023 年度 利润分配及资本公积金转增股本方案的议案》，每 10 股派发现金红利 21 元（含 税），每 10 股转增 4 股。2024 年员工持股计划证券账户股票数量调整为 3,975,272 股。 2025 年 4 月 28 日，根据《2024 年员工持股计划》《管理办法》有关规定， 公司 2024 年员工持股计划于 2025 年 4 月 8 日届满，且解锁条件已成就，符合解 锁条件的共计 411 人，可解锁对应公司股票数量为 3,957,492 股。 二、本员工持股计划解锁条件成就的说明 （一）锁定期安排 根据《宁波德业科技股份有限公司 ...

大成证字[2022]第 181-9 号 北 京 大 成 （ 宁 波 ） 律 师 事 务 所 dentons.cn 北 京 大 成 （ 宁 波 ） 律 师 事 务 所 关 于 宁 波 德 业 科 技 股 份 有 限 公 司 2022 年 股 票 期 权 激 励 计 划 注 销 预 留 授 予 部 分 第 一 个 行 权 期 到 期 未 行 权 的 股 票 期 权 之 法 律 意 见 书 www.dentons.cn 宁波市和济街 180 号国际金融中心 E 座 17-18 层（315040） 17-18/F, IFC Tower E, No.180, Heji Street, 315040, Ningbo, China Tel: +86 574-8732 6088 Fax: +86 574-8789 3911 dentons.cn 释 义 本法律意见书中，除非另有说明，下列简称具有如下含义： | 本所 | 指 | 北京大成（宁波）律师事务所 | | --- | --- | --- | | 本法律意见书 | 指 | 《北京大成（宁波）律师事务所关于宁波德业科技 | | | | 股份有限公司 2022 年股票期权激 ...

证券代码：605117 证券简称：德业股份 公告编号：2025-037 宁波德业科技股份有限公司 关于注销 2022 年股票期权预留授予部分第一个行权 期到期未行权的股票期权的公告 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。 宁波德业科技股份有限公司（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、第三届监事会第十二次会议，审议通过了《关于注 销 2022 年股票期权预留授予部分第一个行权期到期未行权的股票期权的议案》。 现将相关事项公告如下： 一、已履行的决策程序和信息披露情况 1、2022年7月5日，公司召开第二届董事会第十三次会议，审议通过了《宁 波德业科技股份有限公司2022年股票期权激励计划（草案）及其摘要》《宁波德 业科技股份有限公司2022年股票期权激励计划实施考核管理办法》《关于提请股 东大会授权董事会办理2022年股票期权激励计划相关事宜的议案》。公司独立董 事对此发表了独立意见。 同日，公司召开第二届监事会第十三次会议，审议通过了《宁波德业科技股 份有限公司20 ...

德业股份（605117）公告，2025年第一季度营收为25.66亿元，同比增长36.24%；净利润为7.06亿元， 同比增长62.98%。 ...

Investment Rating - The report maintains a "Recommended" rating for the photovoltaic industry, indicating limited marginal impact from recent developments [1]. Core Insights - The final anti-dumping and countervailing duty rates announced by the U.S. Department of Commerce for solar cells imported from four Southeast Asian countries (Cambodia, Malaysia, Thailand, Vietnam) have generally increased, with some companies facing punitive rates exceeding 3000% due to non-compliance during investigations [1][11][12]. - Despite the increased duty rates, the marginal impact is expected to be limited as companies have already adjusted their export strategies to mitigate risks, and the U.S. remains reliant on imported solar cells due to insufficient domestic production capacity [2][12]. Industry Price Trends Main Material Segment - The average price of polysilicon dense material is reported at 40.0 CNY/kg, and granular material at 38.0 CNY/kg, remaining stable week-on-week [3][37]. - The average price for 182-183.75mm monocrystalline P-type silicon wafers is 1.15 CNY/piece, also stable, while N-type wafers have seen price decreases of up to 6.9% [3][38]. - The average price for 182-183.75mm monocrystalline PERC cells is 0.295 CNY/W, down 1.7% from the previous week [3][43]. Auxiliary Material Segment - The price of 3.2mm coated photovoltaic glass is stable at 22.25 CNY/m², and 2.0mm coated glass at 14.25 CNY/m² [4][53]. - Prices for transparent EVA film, white EVA film, and POE film remain unchanged at 6.14 CNY/m², 6.64 CNY/m², and 8.51 CNY/m² respectively [4][53]. Market Performance Overview Industry and Stock Performance - The overall industry index increased by 0.59%, with the electric equipment sector rising by 2.40% [14][15]. - The top-performing stocks in the electric equipment sector include Fangzheng Electric (+28.20%) and Saimo Intelligent (+19.18%), while Qingdao Zhongcheng saw a significant decline of -20.50% [20][22]. PE Valuation - As of April 25, the electric equipment sector has a PE (TTM) of 23x, with the photovoltaic equipment sector at 17x [25][29]. - The PE valuation percentile for the electric equipment sector is 17.5%, indicating its relative valuation compared to historical data [30][33].

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： ●现金管理受托方：招商银行股份有限公司、中国建设银行股份有限公司。 ●本次现金管理金额：暂时闲置募集资金 25,000 万元。 ●现金管理产品名称及期限：招商银行智汇系列进取型区间累积 274 天结构 性存款、中国建设银行宁波市分行单位人民币定制型结构性存款(274 天)。 证券代码：605117 证券简称：德业股份 公告编号：2025-025 宁波德业科技股份有限公司 关于使用部分暂时闲置募集资金购买理财产品到期 赎回的公告 ●履行的审议程序：宁波德业科技股份有限公司（以下简称"公司"）于 2024 年 7 月 18 日召开了第三届董事会第七次会议、第三届监事会第五次会议，审议 通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司及子 公司使用总额不超过人民币 100,000.00 万元（含本数）的暂时闲置募集资金进行 现金管理，用于购买安全性高、流动性好、不影响公司正常经营的保本型理财产 品，决议有效期自公司董事会审议通过之日起 12 个月 ...

证券代码：605117 证券简称：德业股份 公告编号：2025-024 宁波德业科技股份有限公司 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将董事会公告回购股份决议的前一个交易日 （即 2025 年 4 月 21 日）登记在册的公司前十大股东和前十大无限售条件股东的 名称及持股数量、比例情况公告如下： | 序号 | 股东名称 | 持股数量（股） | 占公司总股本 | | --- | --- | --- | --- | | | | | 比例（%） | | 1 | 宁波梅山保税港区艾思睿投资管理有限公司 | 228,636,979 | 35.39 | | 2 | 张和君 | 144,626,880 | 22.39 | | 3 | 香港中央结算有限公司 | 22,803,243 | 3.53 | | 4 | 宁波梅山保税港区亨丽创业投资合伙企业（有 限合伙 ...

Group 1 - Shenjian Co., Ltd. reported a net profit of 33.65 million yuan for 2024, a year-on-year increase of 32.29%, with a proposed cash dividend of 0.5 yuan per 10 shares [1] - Jingce Electronics experienced a net loss of 97.60 million yuan in 2024, transitioning from profit to loss, despite a revenue increase of 5.59% to 2.565 billion yuan [1] - Jingwei Co., Ltd. reported a net profit of 35.54 million yuan for 2024, a decrease of 36.76%, with a proposed cash dividend of 1.00 yuan per 10 shares [1][2] Group 2 - Minsheng Health achieved a net profit of 91.83 million yuan in 2024, a year-on-year increase of 7.24%, with a proposed cash dividend of 1.00 yuan per 10 shares [2] - Zhongshe Co., Ltd. reported a net profit of 10.16 million yuan for 2024, a decline of 76.24%, with a proposed cash dividend of 0.2 yuan per 10 shares [3] - Keyuan Smart reported a net profit of 252 million yuan for 2024, a year-on-year increase of 56.64%, with a proposed cash dividend of 0.4 yuan per 10 shares [4] Group 3 - Beilu Pharmaceutical reported a net profit of 14.54 million yuan for Q1 2025, a year-on-year increase of 26.13%, with revenue of 283 million yuan [5] - Wangsu Technology achieved a net profit of 192 million yuan for Q1 2025, a year-on-year increase of 38.54%, with revenue of 1.235 billion yuan [6] - Keyuan Pharmaceutical reported a net profit of 23.08 million yuan for Q1 2025, a year-on-year increase of 7.25%, despite a revenue decline of 23.98% [7] Group 4 - Guangting Information reported a net profit of 24.03 million yuan for Q1 2025, turning from loss to profit, with revenue of 134 million yuan [9] - Zhaori Technology reported a net loss of 1.23 million yuan for Q1 2025, with revenue of 35.23 million yuan [11] - Huakai Yibai reported a net loss of 15.09 million yuan for Q1 2025, despite revenue growth of 35.08% to 2.292 billion yuan [13] Group 5 - Xinhongye reported a net profit of 34.43 million yuan for Q1 2025, a year-on-year increase of 20.43%, with revenue of 755 million yuan [15] - Huning Co., Ltd. reported a net profit of 3.61 million yuan for Q1 2025, a year-on-year decrease of 45.68%, with revenue of 64.51 million yuan [16] - Camel Co., Ltd. reported a net profit of 237 million yuan for Q1 2025, a year-on-year increase of 51.89%, with revenue of 4.136 billion yuan [17] Group 6 - Hengtong Co., Ltd. reported a net profit of 42.55 million yuan for Q1 2025, a year-on-year increase of 51.62%, with revenue of 313 million yuan [19] - Changqing Technology reported a net profit of 35.38 million yuan for Q1 2025, a year-on-year decrease of 23.80%, with revenue of 246 million yuan [21] - Libaba Co., Ltd. reported a net profit of 34.72 million yuan for Q1 2025, a year-on-year increase of 9.91%, with revenue of 419 million yuan [22] Group 7 - Shouxiangu reported a net profit of 58.37 million yuan for Q1 2025, a year-on-year decrease of 24.32%, with revenue of 171 million yuan [24] - Bojun Technology announced a stock issuance application accepted by the Shenzhen Stock Exchange [24] - Dayou Energy announced the full resumption of production at its Gengcun coal mine, with an annual production capacity of 3.6 million tons [25] Group 8 - Deyang Co., Ltd. successfully acquired land use rights for industrial land in Ningbo for 45.80 million yuan [27] - Tianyu Pharmaceutical's subsidiary received a drug registration certificate for an injectable product [29] - Xingwang Yuda signed a strategic cooperation agreement with the Jilin Province Bionic Robot Innovation Center [30] Group 9 - Lifang Pharmaceutical received approval for clinical trials of a new drug [32] - Zai Sheng Technology reported a net profit of 33.56 million yuan for Q1 2025, a year-on-year increase of 3.69%, with revenue of 324 million yuan [34] - Jinxin Technology reported a net profit of 319,920 yuan for Q1 2025, turning from loss to profit, with revenue of 563 million yuan [36] Group 10 - Huayin Electric reported a net profit of 75.67 million yuan for Q1 2025, a year-on-year increase of 894.61%, with revenue of 2.307 billion yuan [37] - Xinghua Co., Ltd. reported a net loss of 95.51 million yuan for Q1 2025, with revenue of 840 million yuan [38] - Heren Technology reported a net loss of 384,410 yuan for Q1 2025, with revenue of 78.40 million yuan [40] Group 11 - Fenda Technology reported a net profit of 40.45 million yuan for Q1 2025, a year-on-year increase of 84.07%, with revenue of 760 million yuan [41] - Tongda Co., Ltd. reported a net profit of 25.49 million yuan for 2024, a year-on-year decrease of 69.15%, with revenue of 6.201 billion yuan [43] - Zhonghe Holdings reported a net profit of 283 million yuan for 2024, a year-on-year decrease of 54.69%, with a proposed cash dividend of 0.3 yuan per 10 shares [44] Group 12 - Jiantou Energy reported a net profit of 531 million yuan for 2024, a year-on-year increase of 181.59%, with a proposed cash dividend of 1.3 yuan per 10 shares [44] - Guanghua Technology reported a net loss of 205 million yuan for 2024, with revenue of 2.589 billion yuan [45] - Huajin Technology reported a net profit of 29.26 billion yuan for 2024, a year-on-year increase of 8.1%, with a proposed cash dividend of 9 yuan per 10 shares [46] Group 13 - Yingke Medical reported a net profit of 1.465 billion yuan for 2024, a year-on-year increase of 282.63%, with a proposed cash dividend of 1.00 yuan per 10 shares [46] - Solar Energy reported a net profit of 1.225 billion yuan for 2024, a year-on-year decrease of 22.38%, with a proposed cash dividend of 0.56 yuan per 10 shares [46] - Dongfang Electric reported a net profit of 318 million yuan for 2024, a year-on-year decrease of 50.62%, with a proposed cash dividend of 0.32 yuan per 10 shares [47] Group 14 - Tianneng Heavy Industry reported a net loss of 262 million yuan for 2024, with revenue of 3.273 billion yuan [48] - Gangyan High-tech reported a net profit of 249 million yuan for 2024, a year-on-year decrease of 22.08%, with a proposed cash dividend of 1.00 yuan per 10 shares [48] - Shihua Machinery reported a net profit of 96.88 million yuan for 2024, a year-on-year increase of 5.35%, with revenue of 8.037 billion yuan [49] Group 15 - Gongtong Pharmaceutical reported a net loss of 27.59 million yuan for 2024, with revenue of 537 million yuan [51] - Zhongjing Electronics reported a net loss of 87.43 million yuan for 2024, with revenue of 2.932 billion yuan [53] - Yudai Development reported a net loss of 114 million yuan for 2024, with revenue of 388 million yuan [55] Group 16 - Zhenhua Technology reported a net profit of 970 million yuan for 2024, a year-on-year decrease of 63.83%, with a proposed cash dividend of 1.8 yuan per 10 shares [56] - Jierong Technology reported a net loss of 298 million yuan for 2024, with revenue of 1.357 billion yuan [58] - Changgao Electric New reported a net profit of 252 million yuan for 2024, a year-on-year increase of 45.66%, with a proposed cash dividend of 0.8 yuan per 10 shares [60] Group 17 - Shibao Detection announced a plan to acquire 81% of Zhonghuan Lianshu for 52.65 million yuan [61] - Jiangsu Boyun announced a plan to reduce its shareholding by up to 3% [62] - Jingfeng Mingyuan announced a plan to acquire 100% of Yichong Technology for 3.283 billion yuan [63]

证券代码：605117 证券简称：德业股份 公告编号：2025-023 宁波德业科技股份有限公司（以下简称"公司"）之全资子公司宁波德 业变频技术有限公司（以下简称"德业变频"）以自有资金 4,580.21 万元人民币 竞买取得宁波市北仑区灵峰产业园 ZB13-06-42b 地块 40,713 平方米（61.069 亩） 的国有建设用地使用权。本次交易在公司总经理办公会审批权限范围内，无需提 交公司董事会和股东大会审议。 宁波德业科技股份有限公司 关于全资子公司竞得土地使用权的公告 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。 本次交易不构成关联交易和重大资产重组，也不存在重大法律障碍。 一、交易概述 重要内容提示： 5、出让年限：50 年 6、出让价款：人民币 4,580.21 万元 三、本次竞得土地使用权对公司的影响 2025 年 4 月 24 日，公司全资子公司德业变频按照法定程序参与宁波市北仑 区灵峰产业园一宗国有建设用地使用权的挂牌出让竞拍，并最终以人民币 4,580.21 万元竞得。德业变频后续将依照规定与 ...