晶科能源 2024 年第二次临时股东大会 晶科能源股份有限公司 2024年第二次临时股东大会会议资料 二〇二四年十一月 晶科能源 2024 年第二次临时股东大会 晶科能源股份有限公司 2024 年第二次临时股东大会资料目录 晶科能源 2024 年第二次临时股东大会 晶科能源股份有限公司 2024 年第二次临时股东大会参会须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大会的顺 利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东大会规则 （2022 年修订）》以及《晶科能源股份有限公司章程》（以下简称"《公司章程》"）《晶科能 源股份有限公司股东大会议事规则》等相关规定，晶科能源股份有限公司（以下简称"公司"） 特制定 2024 年第二次临时股东大会参会须知。 一、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代表）的合法权 益，除出席会议的股东（或股东代表）、公司董事、监事、高级管理人员、见证律师及董事 会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、出席会议的股东（或股东代表）须在会议召开前半小时到会议现场办理签到手续， 并按规定出示证券账 ...

Investment Rating - The report maintains a "Buy" rating for JinkoSolar [2][9] Core Views - The company's profitability has significantly improved, and it maintains a leading position in the TOPCon technology segment [2][3] - JinkoSolar's total shipment of photovoltaic products reached 73.13 GW in the first three quarters, a year-on-year increase of 31.29%, with module shipments of 67.65 GW, continuing to lead the industry [3] - The company aims to balance shipment scale and profit in Q4, targeting total shipments of 90-100 GW for the year [3] - The gross margin has improved significantly, with a sales gross margin of 11.82% in Q3, benefiting from increased shipments to the high-profit U.S. market [3] - The recent launch of the Tiger Neo third-generation product, with a maximum module conversion efficiency of 24.8% and a maximum power output of 670W, is expected to enhance the company's competitive edge [3] - The issuance of GDRs to raise up to 4.5 billion RMB will strengthen overseas capacity and optimize the financial structure [3] - Profit forecasts for 2024-2026 have been adjusted to 1.48 billion, 5.12 billion, and 6.05 billion RMB, with corresponding PE ratios of 18 and 15 for 2025-2026 [3] Summary by Sections Performance and Events - In Q3, JinkoSolar reported a net profit of 0.15 billion RMB, with a non-recurring net profit of 2.59 billion RMB, showing significant growth compared to Q2 [2] Operational Analysis - The company achieved a total shipment of 73.13 GW in the first three quarters, with a year-on-year growth of 31.29% [3] - The gross margin improved to 11.82% in Q3, up 4.2 percentage points from the previous quarter [3] - The company plans to balance shipment scale and profit, targeting 90-100 GW for the year [3] Financial Forecasts and Valuation - The adjusted profit forecasts for 2024-2026 are 1.48 billion, 5.12 billion, and 6.05 billion RMB, with PE ratios of 18 and 15 for 2025-2026 [3]

Investment Rating - The report maintains a "Buy" rating for JinkoSolar [2][9] Core Views - The company's profitability has significantly improved, and it maintains a leading position in the TOPCon technology segment [2][3] - In the first three quarters of 2024, JinkoSolar achieved revenue of 71.8 billion RMB, a year-on-year decrease of 16%, and a net profit of 1.215 billion RMB, down 80% year-on-year [2] - The company shipped a total of 73.13 GW of photovoltaic products in the first three quarters, representing a year-on-year increase of 31.29%, with module shipments of 67.65 GW, maintaining the industry's leading position [3] - The gross margin improved significantly, with a sales gross margin of 11.82% in Q3, up 4.2 percentage points from Q2, benefiting from increased shipments to the high-margin U.S. market [3] - The company plans to balance shipment scale and profit in Q4, aiming for total shipments of 90-100 GW for the year [3] - JinkoSolar announced plans to issue GDRs to raise up to 4.5 billion RMB for overseas capacity expansion, which will enhance its financial structure and long-term competitiveness [3] Summary by Sections Financial Performance - In Q3, the company reported a net profit of 0.15 billion RMB and a non-recurring net profit of 2.59 billion RMB, showing significant growth compared to Q2 [2] - The forecast for net profit for 2024-2026 has been adjusted to 1.48 billion RMB, 5.12 billion RMB, and 6.05 billion RMB, respectively, with corresponding PE ratios of 18 and 15 for 2025-2026 [3] Market Position - JinkoSolar's N-type module shipments accounted for approximately 85% of total shipments, reinforcing its market leadership [3] - The company has launched the Tiger Neo third-generation product, achieving a maximum module conversion efficiency of 24.8% and a maximum power output of 670W [3] Future Outlook - The company is expected to maintain its profitability and competitive edge through continuous technological advancements and global channel expansion [3]

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重要内容提示： 是否需要提交股东大会审议：否 本次日常关联交易主要基于公司日常经营业务需要而发生，按市场定价原则， 定价客观、合理、公允，不会损害公司利益，不会对公司独立性造成影响，也不会 对公司未来财务状况、经营成果造成较大影响，不存在损害本公司及非关联股东利 益的情形。 风险性提示：双方将就包括但不限于协议事项的具体内容开展进一步商谈， 双方就相关事项的最终合作方案将以双方后续商谈结果与最终协议为准。 一、关联交易概述 | | | 债券代码：118034 债券简称：晶能转债 晶科能源股份有限公司 关于与关联方签署日常关联交易协议的公告 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、准确性和完整性依法承担法律责任。 晶科能源股份有限公司（以下简称"公司"）于 2022 年 3 月 8 日与关联方晶科 电力科技股份有限公司（以下简称"晶科科技"）签署了《合作框架协议》（以下简 称"《框架协议一》"），在公司下属厂区内投建 7 个屋顶分布式光伏电站项目及 1 个 储能项目，目前相关项目建设进展顺利。前述事项已经 2022 年 2 月 16 日召开的第 一届 ...

| 证券代码：688223 | 证券简称：晶科能源 | 公告编号：2024-076 | | --- | --- | --- | | 债券代码：118034 | 债券简称：晶能转债 | | 晶科能源股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 投资者可于 2024 年 11 月 4 日(星期一)至 11 月 8 日(星期五)16:00 前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 investor@jinkosolar.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 晶科能源股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日发布公 司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三 季度经营成果、财务状况，公司计划于 2024 年 11 月 11 日下午 14:00-15:00 举行 2024 年第三 ...

中信建投证券股份有限公司 关于晶科能源股份有限公司签署日常关联交易协议 的核查意见 中信建投证券股份有限公司（以下简称"保荐人"）为晶科能源股份有限公 司（以下简称"晶科能源"、"公司"）首次公开发行股票并在科创板上市的保 荐人，根据《中华人民共和国公司法》《中华人民共和国证券法》《证券发行上市 保荐业务管理办法》《上海证券交易所科创板股票上市规则》及《科创板上市公 司持续监管办法（试行）》等相关法律、法规和规范性文件的规定，对晶科能源 签署日常关联交易协议的事项进行了审慎核查，核查意见如下： 一、关联交易概述 晶科能源股份有限公司于 2022 年 3 月 8 日与关联方晶科电力科技股份有限 公司（以下简称"晶科科技"）签署了《合作框架协议》（以下简称"《框架协议 一》"），在公司下属厂区内投建 7 个屋顶分布式光伏电站项目及 1 个储能项目， 目前相关项目建设进展顺利。前述事项已经 2022 年 2 月 16 日召开的第一届董事 会第十七次会议、第一届监事会第七次会议及 2022 年 3 月 7 日召开的 2022 年 第二次临时股东大会审议通过。具体内容详见公司于 2022 年 2 月 17 日在上海证 ...

| 证券代码：688223 | 证券简称：晶科能源 公告编号：2024-077 | | --- | --- | | 债券代码：118034 | 债券简称：晶能转债 | 晶科能源股份有限公司 关于 2024 年前三季度计提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、准确性和完整性依法承担法律责任。 2024 年 10 月 30 日，晶科能源股份有限公司（以下简称"公司"）第二届 董事会第十二次会议及第二届监事会第八次会议审议通过了《关于 2024 年前三 季度计提资产减值准备的议案》，具体情况如下： 一、本次计提资产减值准备情况概述 （二）信用减值损失 公司以预期信用损失为基础，同时结合个别认定法，对应收账款、应收票 据、其他应收款等进行了减值测试。经测试，本次需计提信用减值损失金额共 计 157,070,578.76 元。 三、本次计提资产减值准备对公司的影响 本次计提减值损失金额为 861,252,046.09 元，减少公司 2024 年前三季度合 并利润总额 861,252,046.09 元（合并利润总额未计算所得税影响）。本次 ...

| 证券代码：688223 | 证券简称：晶科能源 | 公告编号：2024-074 | | --- | --- | --- | | 债券代码：118034 | 债券简称：晶科转债 | | 晶科能源股份有限公司 第二届监事会第八次会议决议公告 表决情况：3 票同意，0 票反对，0 票弃权。 具体情况见公司2024年10月31日于上海证券交易所网站（www.sse.com.cn） 披露的《晶科能源股份有限公司 2024 年第三季度报告》。 （二）审议通过《关于与关联方签署日常关联交易协议的议案》； 监事会认为：控股子公司本次与关联方签署日常关联交易协议遵循公允、互 利、合理原则，有利于发挥双方在业务领域的优势，关联交易作价公允，不存在 损害公司及非关联股东利益的情形。公司董事会在审议该议案时，涉及关联交易 的关联董事进行了回避表决，公司对上述议案的审议程序及表决结果合法有效。 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 晶科能源股份有限公司（以下简称"公司"）第二届监事会第八次会议（以 下简称"本次 ...

Financial Performance - Revenue for the third quarter was RMB 24.52 billion, a decrease of 22.09% year-over-year[2] - Net profit attributable to shareholders for the first three quarters was RMB 14.87 million, a decrease of 99.41% year-over-year[2] - Basic earnings per share for the third quarter were RMB 0.001, a decrease of 99.60% year-over-year[4] - Weighted average return on equity for the first three quarters was 3.55%, a decrease of 17.34 percentage points year-over-year[4] - Non-recurring gains and losses for the third quarter amounted to a loss of RMB 244.10 million[6] - Total operating revenue for the first three quarters of 2024 was 71.77 billion RMB, a decrease from 85.10 billion RMB in the same period of 2023[18] - Net profit attributable to the parent company's owners was 13.02 billion RMB in Q3 2024, compared to 14.04 billion RMB in the previous year[16] - Net profit for the quarter was RMB 1,235,959,360.49, compared to RMB 6,354,264,293.50 in the same period last year[19] - Operating profit for the quarter was RMB 2,477,866,611.29, a significant decrease from RMB 7,882,855,954.88 in the previous year[19] - Total comprehensive income for the quarter was RMB 1,165,455,185.41, down from RMB 6,446,190,315.91 in the same period last year[20] - Basic earnings per share (EPS) for the quarter were RMB 0.12, compared to RMB 0.64 in the previous year[20] - Revenue from sales of goods and services was RMB 67,612,108,713.73, slightly down from RMB 68,106,760,723.33 in the same period last year[21] R&D and Investment - R&D investment for the third quarter was RMB 881.32 million, a decrease of 48.46% year-over-year[4] - The company reduced R&D investment, leading to a significant decrease in R&D expenses[7] - R&D expenses for the first three quarters of 2024 were 642.12 million RMB, a significant decrease from 1.17 billion RMB in the same period of 2023[18] Cash Flow and Liquidity - Operating cash flow for the first three quarters was negative RMB 364.68 million, a decrease of 103.28% year-over-year[4] - Cash flow from operating activities was negative RMB 364,680,394.61, a sharp decline from RMB 11,103,131,362.39 in the same period last year[22] - Cash flow from investing activities was negative RMB 4,487,478,177.04, compared to negative RMB 12,160,069,483.40 in the previous year[22] - Cash flow from financing activities was positive RMB 7,187,639,985.34, up from RMB 3,687,365,746.14 in the same period last year[23] - Total cash and cash equivalents at the end of the quarter were RMB 19,488,781,956.00, compared to RMB 11,253,131,682.44 in the previous year[23] - Tax refunds received during the quarter were RMB 4,690,316,164.81, up from RMB 4,133,012,129.29 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 126.20 billion, a decrease of 4.48% compared to the end of the previous year[4] - Total assets as of Q3 2024 were 126.20 billion RMB, down from 132.12 billion RMB in the previous year[15] - Total liabilities as of Q3 2024 were 90.72 billion RMB, a decrease from 97.76 billion RMB in the previous year[16] - Fixed assets increased to 40.67 billion RMB in Q3 2024, up from 37.00 billion RMB in the previous year[15] - Short-term borrowings decreased to 5.32 billion RMB in Q3 2024, down from 6.26 billion RMB in the previous year[15] - Long-term borrowings increased significantly to 12.75 billion RMB in Q3 2024, up from 3.62 billion RMB in the previous year[16] - Total equity attributable to the parent company's owners was 33.29 billion RMB in Q3 2024, down from 34.36 billion RMB in the previous year[16] - As of September 30, 2024, the company's monetary funds stood at RMB 26,668,243,691.50, a decrease from RMB 27,837,054,442.93 at the end of 2023[14] - Accounts receivable decreased to RMB 19,440,851,868.14 from RMB 22,564,708,975.77 year-over-year[14] - Inventory levels dropped to RMB 15,233,460,995.79 from RMB 18,215,537,232.67 compared to the end of 2023[14] - The company's prepayments decreased to RMB 2,932,605,453.62 from RMB 4,610,634,680.84 year-over-year[14] - Other receivables increased significantly to RMB 2,400,478,813.49 from RMB 1,129,927,646.87 at the end of 2023[14] Photovoltaic Market and Shipments - The decrease in net profit is primarily due to intensified competition in the photovoltaic market and continuous price declines in photovoltaic products[7] - Total photovoltaic product shipments reached 73.13GW in the first nine months of 2024, with module shipments at 67.65GW and N-type modules accounting for approximately 85%[13] - Shipments of silicon wafers and battery cells totaled 5.48GW, representing a year-over-year growth of 31.29%[13] - The company plans to develop a 10GW high-efficiency N-type battery module production capacity in Saudi Arabia to enhance global competitiveness[13] - For Q4 2024, the company aims to achieve annual shipments between 90-100GW, balancing scale and profitability[13] - The global photovoltaic industry is undergoing a phase of higher-level supply-demand rebalancing, driven by technological innovation and globalization efforts by leading companies[12] Operating Costs and Expenses - Total operating costs for the first three quarters of 2024 were 70.28 billion RMB, compared to 76.26 billion RMB in the same period of 2023[18]