专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 分行业来看，A股和新三板光伏设备行业（申万二级）进入统计的上市公司共61家，CFO薪酬合计金额7003.40万元，平均年薪约114.81万元。 行业内，大全能源2024年营收同比下降54.62%，归母净利润由盈利57.63亿降至亏损27.18亿，营收和净利均连续2年下滑。公司CFO施伟年内降薪19.1%，仍 以179.56万元年薪上榜。 责任编辑：公司观察 | 简称 | 行业(申万二级) | CFO | 薪酬(万) | 薪酬変化 | 归母浄利（亿） | 增速 | 学历 | | --- | --- | --- | --- | --- | --- | --- | --- | | 降其绿能 | 光伏设备 | 刘学文 | 451.11 | -49.0% | -86.18 | -180.2% | 本科 | | 通威股份 | 光伏设备 | 周斌 | 329.90 | -27.2% | -70.39 | -151.9% | 硕士 | | 阳光电源 | 光伏设备 | 田中 | 300.00 | 20.5% | 110.36 | 16. ...

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the listed companies in the photovoltaic equipment industry, the total salary for secretaries amounted to 63.1969 million yuan, with an average annual salary of 929,400 yuan [1] - The highest-paid secretary in the industry is Xia Rongbing from Laplace, earning 3.1671 million yuan, with a salary increase of 1.667 million yuan, representing a growth rate of 111.13% [1][2] Industry Salary Overview - The photovoltaic equipment sector includes 68 listed companies, with a total secretary salary of 63.1969 million yuan [1] - The average salary for secretaries in this sector is 929,400 yuan, which is higher than the overall average for A-share listed companies [1] - Notable salary changes include: - Xia Rongbing (Laplace): 3.1671 million yuan, up 1.667 million yuan (111.13%) - Lu Yang (Sungrow): 3.02 million yuan, up 510,000 yuan (20.32%) - Cai Wenquan (Lianqiang Xinke): 2.7763 million yuan, down 284,700 yuan (-9.30%) [2]

Market Overview - A-shares major indices all closed higher, with the Shanghai Composite Index rising nearly 1% and returning to 3600 points [1] - The Double Innovation Leader ETF (588330) saw an increase of 0.32% in its market price, with a total trading volume of 23.22 million yuan, a 27% increase compared to the previous day [1] Sector Performance - Photovoltaic equipment led the gains, with major stocks such as Daqo New Energy rising over 3%, Sungrow Power Supply increasing by more than 2%, Trina Solar up nearly 2%, and JinkoSolar gaining over 1% [3] - Other notable performers included Sanhua Group rising over 3%, and companies like Bichu Electronics and Lens Technology increasing by more than 2% [3] Policy Impact - The "anti-involution" policy has gained momentum, with significant signals released from top-level meetings focusing on the photovoltaic industry [4] - Policies such as "not selling below cost" have led to a shift in pricing strategies within the industry, with prices for N-type raw materials and granular silicon rising by 36% and 31.3% respectively since late June [4] Future Outlook - Analysts expect a recovery in the photovoltaic industry, with a return to normalized competition and potential structural reforms [4] - The technology sector is anticipated to accelerate, with a focus on areas benefiting from policy support and emerging trends in AI and new industries [4] Investment Opportunities - The Double Innovation Leader ETF (588330) features three main characteristics: cross-market diversification, a focus on strategic emerging industries, and a low entry threshold for investors [5] - The ETF is designed to capture the growth of top technology companies in China, providing a more efficient investment vehicle compared to direct stock investments [5]

Core Viewpoint - The increase in silicon wafer prices reflects a rebound in raw material polysilicon prices, with manufacturers pricing to avoid losses rather than competing for sales [1][2]. Group 1: Price Trends - The average price of N-type G10L monocrystalline silicon wafers increased by 9.09% week-on-week to 1.2 yuan per piece, while N-type G12R and G12 wafers saw increases of 8.00% and 7.64%, respectively [2]. - The overall increase in silicon wafer prices is attributed to rising raw material costs and increased purchasing orders from downstream [1][2]. Group 2: Industry Dynamics - The industry is experiencing a shift where pure silicon wafer manufacturers are focusing on not pursuing high operating rates or accumulating inventory, instead opting for production based on sales [2][3]. - The overall operating rate in the industry remained stable, with major companies operating at 50% and 40% rates, while integrated companies operated between 50% and 80% [2]. Group 3: Cost Implications - The rise in polysilicon prices from 35,000 yuan/ton to 45,000 yuan/ton is expected to increase costs in the component manufacturing sector by only 0.02 to 0.03 yuan/W, which is not significant [3]. - If polysilicon prices were to reach 60,000 yuan/ton, it would raise component costs by approximately 0.05 yuan/W, which downstream manufacturers would struggle to absorb [3]. Group 4: Market Outlook - The National Energy Administration reported that new renewable energy installations reached 268 million kilowatts in the first half of the year, a 99.3% year-on-year increase, with solar power installations doubling compared to the previous year [3]. - The forecast for solar installation capacity in 2025 has been adjusted upward to between 570 GW and 630 GW, indicating continued growth in the sector [7]. Group 5: Policy and Regulation - The Ministry of Industry and Information Technology has initiated energy-saving inspections for the polysilicon industry, which may limit outdated production capacity and concentrate production among leading companies [4]. - Policies are in place to prevent sales below cost, which helps stabilize price floors in the market [4]. Group 6: Company Performance - Longi Green Energy expects a net loss of 2.4 to 2.8 billion yuan for the first half of the year, although it has managed to significantly reduce losses compared to the previous year [6]. - Other major companies, such as Tongwei and JA Solar, also anticipate substantial losses, indicating a challenging market environment despite some segments beginning to show profitability [6][7].

Core Viewpoint - The increase in silicon wafer prices reflects a rebound in raw material polysilicon prices, with manufacturers setting prices to avoid losses rather than competing for sales [1][2]. Group 1: Price Trends - The average price of N-type G10L monocrystalline silicon wafers increased by 9.09% week-on-week to 1.2 yuan per piece, while N-type G12R and G12 wafers saw increases of 8.00% and 7.64%, respectively [2]. - The average price of silicon wafers rose by approximately 0.1 yuan per piece due to increased raw material costs and higher downstream orders [1][2]. Group 2: Industry Dynamics - The overall operating rate in the industry remained stable, with major companies operating at 50% and 40% capacity, while integrated companies operated between 50% and 80% [2]. - From the second half of 2024, pure silicon wafer producers are expected to adopt a strategy of not pursuing high operating rates or accumulating inventory, focusing instead on sales-based production [2][3]. Group 3: Cost and Profitability - The price of polysilicon has risen from 35,000 yuan/ton to 45,000 yuan/ton, which could lead to a cost increase of 0.02 to 0.03 yuan/W for component manufacturing [3]. - Despite the increase in polysilicon prices, it is anticipated that prices will not reach 60,000 yuan/ton due to existing inventory levels and production rates, which would make it difficult for downstream manufacturers to absorb the costs [3]. Group 4: Policy and Regulation - The Ministry of Industry and Information Technology has issued a notice for energy-saving inspections in the polysilicon industry, which may limit outdated production capacity and concentrate production among leading companies [4]. - The National Market Supervision Administration has prohibited sales below cost, which helps stabilize price floors in the market [4]. Group 5: Company Performance - Longi Green Energy expects a net loss of 2.4 to 2.8 billion yuan for the first half of the year, while Tongwei and JA Solar also anticipate significant losses [5][6]. - Despite the losses, Longi Green Energy reported an increase in component sales, although the overall competitive environment has led to continued losses [6]. Group 6: Market Outlook - The solar power sector saw a 99.3% year-on-year increase in new installed capacity, with 268 million kW added in the first half of the year, supporting the stabilization of silicon wafer prices [3][6]. - The forecast for solar installation capacity in 2025 has been adjusted upward to between 570 GW and 630 GW, indicating continued growth in the sector [6].

天眼查商业履历信息显示，新疆大全新能源股份有限公司，成立于2011年，位于自治区直辖县级行政区 划，是一家以从事计算机、通信和其他电子设备制造业为主的企业。企业注册资本214493.7715万人民 币，实缴资本163254.15万人民币。公司法定代表人为徐广福。 通过天眼查大数据分析，新疆大全新能源股份有限公司共对外投资了6家企业，参与招投标项目307次， 专利信息505条，此外企业还拥有行政许可70个。 来源：金融界 金融界消息 截至2025年8月5日收盘，大全能源（688303）报收于26.63元，上涨3.58%，换手率0.7%， 成交量14.93万手，成交金额3.90亿元。 资金流向方面，今日主力资金净流出1010.04万元，占比成交额2.59%。其中，超大单净流出2062.38万 元、占成交额5.29%，大单净流入1052.34万元、占成交额2.7%，中单净流出流出243.70万元、占成交额 0.63%，小单净流入1253.73万元、占成交额3.22%。 大全能源最新一期业绩显示，截至2025一季报，公司营业总收入9.07亿元、同比减少69.57%，归属净利 润55801.54万元，同比减少268.7 ...

金融界8月5日消息，上证指数高开高走，上证180高贝塔指数 (180高贝，000135)上涨0.8%，报5649.39 点，成交额745.44亿元。 数据统计显示，上证180高贝塔指数近一个月上涨5.15%，近三个月上涨12.59%，年至今上涨6.27%。 据了解，上证高、低贝塔指数系列分别以各自母指数为样本空间，根据证券过去一年的贝塔值进行由高 到低排名，选取排名靠前与靠后的证券作为各自样本，并以各自样本的贝塔值与其倒数进行加权，以表 征全市场不同贝塔属性的证券的整体走势。该指数以2002年06月28日为基日，以3299.06点为基点。 从指数持仓来看，上证180高贝塔指数十大权重分别为：国泰海通（27.34%）、中国重工（2.22%）、 中国船舶（2.09%）、通威股份（2.03%）、拓荆科技（1.94%）、恒瑞医药（1.89%）、中微公司 （1.88%）、大全能源（1.7%）、中国动力（1.67%）、金山办公（1.65%）。 从上证180高贝塔指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证180高贝塔指数持仓样本的行业来看，金融占比45.19%、工业占比22.48%、信息技术占比 1 ...

大全能源(688303)最新披露的投资者关系活动记录表谈及对"反内卷"的看法，公司表示，当前光伏行业 正处于深度调整与优化转型的关键阶段，国家部委、行业协会及产业企业围绕供给侧改革开展的系列工 作，是破解行业瓶颈，重塑发展逻辑的积极信号。 大全能源认为，在"反内卷"共识持续深化的背景下，针对整治无序竞争、推动落后产能有序退出等方向 的路径探索，既是光伏行业突破当前困境的必然选择，也为产业摆脱内卷、健康发展指明了方向，对行 业高质量发展具有深远意义。同时，作为光伏行业的重要参与者，公司将全力响应和配合政策引导与产 业协同。 针对公司多晶硅报价及成交价格情况，大全能源回应说，公司多晶硅产品报价及成交均严格遵循相关部 门的价格指导要求，在合规框架内开展经营活动。上周第三方机构发布的数据显示，多晶硅N型复投料 成交均价为4.71万元/吨，N型致密料成交均价为4.39万元/吨。 至于是否会提高开工率，大全能源表示，公司会结合多晶硅价格走势和市场供需变化，动态评估成本与 收益的平衡，制定最优生产方案。 另外，大全能源透露，新疆和内蒙古两地的电价和硅粉价格接近，且目前两地在产产能的工艺技术、设 备水平都已调试至最优状态，因 ...

（编辑 任世碧） 证券日报网讯 8月4日晚间，大全能源发布公告称，截至2025年7月31日，公司通过上海证券交易所交易 系统以集中竞价交易方式累计回购公司股份15，323股，占公司总股本的比例为0.0007%。 ...

2024年1至12月份，大全能源的营业收入构成为：光伏行业占比100.0%。 大全能源8月4日晚间发布公告称，截至2025年7月31日，公司通过上海证券交易所交易系统以集中竞价 交易方式累计回购公司股份约1.53万股，占公司总股本约21.45亿股的比例为0.0007%，回购成交的最高 价为19.12元/股，最低价为18.79元/股，支付的资金总额为人民币约29万元。 ...