Group 1 - The China Photovoltaic Association issued a statement refuting rumors circulating online, emphasizing that the association and industry players are working steadily to maintain national and industry interests [1] - The association condemned malicious actions aimed at defaming the photovoltaic industry and stated their commitment to combat such behaviors [1] Group 2 - JinkoSolar's staff responded to media inquiries, clarifying that no executives claimed "the storage platform is failing," labeling the rumor as false [3] - The staff noted that JinkoSolar is not a participant in the storage platform and lacks detailed information on its implementation [3] - The photovoltaic sector experienced a significant decline, with leading companies like Longi Green Energy dropping over 7% and Canadian Solar falling over 14% [3]

Core Viewpoint - Recent rumors regarding the failure of the silicon material storage platform have caused significant turmoil in the photovoltaic industry, leading to a sharp decline in the stock prices of various solar companies [3][4]. Group 1: Market Reaction - On November 12, stock prices of major photovoltaic companies dropped significantly, with notable declines including: - Aiko Technology down 14.33% - Tongwei Co. down 6.06% - Longi Green Energy down 7.35% - JA Solar down 6.84% - Daqo New Energy down 8.76% [3]. Group 2: Industry Response - The China Photovoltaic Industry Association issued a statement on November 12, refuting the rumors and emphasizing that the industry is working steadily towards its goals, urging caution against misinformation [4]. - JA Solar representatives expressed confidence in the photovoltaic industry's policies against "internal competition" and support for the establishment of the storage platform, while acknowledging the need for collaboration to overcome challenges [4].

证券代码：688303 证券简称：大全能源 公告编号：2025-049 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 11 月 12 日 （二） 股东大会召开的地点：上海市浦东新区张杨路 838 号华都大厦 29 层 AJ 座会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： （四） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 新疆大全新能源股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证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： | 1、出席会议的股东和代理人人数 | 266 | | --- | --- | | 普通股股东人数 | 266 | | 2、出席会议的股东所持有的表决权数量 | 1,647,740,531 | | 普通股股东所持有表决权数量 | 1,647,740,531 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | ...

上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法 律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席新疆大全 新能源股份有限公司（以下简称"公司"）2025 年第一次临时股东大会（以下简 称"本次股东大会"），并就本次股东大会的召集和召开程序、参与表决和召集 会议人员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: 86-21-2208-1166 邮政编码：200041 传 真 Fax: 86-21-5298-5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai 200041, PRC 上海市方达律师事务所 关于新疆大全新能源股份有限公司 2025 年第一次临时股东大会的法律意见书 致：新疆大全新能源股份有限公司 本法律意见书依据《中华人民共和国公司法 ...

Group 1 - The stock price of Daqian Energy (688303.SH) closed at 30.60 yuan, with a decline of 5.23% [1] - The highest point of Daqian Energy's stock price this year was 35.74 yuan, reached on September 5 [1] - Research analyst Tang Jun-nan from Zhongyuan Securities published a report on September 9, stating that the company experienced a loss in the first half of the year but maintains a strong operational position and solid financial backing, thus reaffirming an "overweight" investment rating for the company [1]

Market Performance - The A-share major indices experienced a pullback after reaching highs, with the ChiNext Index dropping over 1% [1] - The Shanghai Composite Index closed at 4007.54, up by 4.78 points or 0.12% [2] - The ChiNext Index ended at 3102.41, down by 31.91 points or 1.02% [2] - The Shenzhen Component Index fell to 13217.78, down by 71.22 points or 0.54% [2] - The STAR 50 Index decreased to 1374.65, down by 12.88 points or 0.93% [2] - The North Exchange 50 Index dropped to 1489.28, down by 7.86 points or 0.52% [2] - The CSI 300 Index slightly decreased to 4651.71, down by 0.46 points or 0.01% [2] - The SSE 50 Index rose to 3054.80, up by 20.17 points or 0.66% [2] Industry Performance - The photovoltaic equipment sector continued to decline, with notable stocks such as Aiko Solar falling nearly 16% [1] - Other companies in the photovoltaic sector, including Aier Energy, Tianhe Energy, Tongwei Co., Daqo New Energy, and LONGi Green Energy, saw declines exceeding 6% [1]

Group 1 - The photovoltaic equipment sector experienced a decline at the beginning of trading, with notable drops in stock prices [1] - Canadian Solar (阿特斯) saw a decline of over 10% in its stock price [1] - Other companies such as Yichin Photovoltaic (亿晶光电), Tongrun Equipment (通润装备), GoodWe (固德威), and Daqo Energy (大全能源) also faced significant declines [1]

Core Insights - The photovoltaic industry has shown signs of improvement in Q3 2025, with a significant reduction in net losses across the main industry chain, attributed to price stabilization and cost-cutting measures by companies [1][2][6] - Despite the reduction in losses, overall revenue for the industry remains under pressure due to weak installation demand, with a year-on-year revenue decline of 17.05% for the 21 listed companies in the sector [4][6] Group 1: Financial Performance - In Q3 2025, 14 out of 21 photovoltaic companies reported a quarter-on-quarter increase in net profit, with major players like Daqo Energy and Shuangliang Energy turning losses into profits [1][2] - Daqo Energy reported Q3 revenue of 1.773 billion yuan, a year-on-year increase of 24.75% and a quarter-on-quarter increase of 214.93%, while Shuangliang Energy achieved a revenue of 1.688 billion yuan with a net profit of 83 million yuan [3] - The overall revenue for the 21 companies totaled 381.67 billion yuan in the first three quarters, reflecting a decrease of 78.47 billion yuan compared to the previous year [4] Group 2: Market Dynamics - The price stabilization in the photovoltaic supply chain, particularly in the silicon material and silicon wafer segments, has contributed to the recovery of gross margins for manufacturers [2][3] - The average price of monocrystalline silicon wafers increased by at least 40% from the beginning to the end of Q3, while the average price of polysilicon rose by 8.6% [3] - Despite the positive price trends, the overall market remains characterized by an oversupply situation, with inventory pressures still present, particularly in polysilicon [6] Group 3: Demand and Future Outlook - The demand for photovoltaic installations has been weak, with domestic new installations dropping significantly, leading to a decline in revenue for many companies [4][6] - The market is shifting focus to Q4, traditionally a slow season for photovoltaic installations, with expectations of limited order growth for battery components [6] - Companies like Trina Solar have reported a quarter-on-quarter revenue increase of 13.11%, supported by growth in energy storage business and increased overseas shipments [5]

新疆大全新能源股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：688303 证券简称：大全能源 新疆大全新能源股份有限公司 2025 年第一次临时股东大会 会议资料 2025 年 11 月 新疆大全新能源股份有限公司 2025 年第一次临时股东大会会议资料 | | | | 2025 | 年第一次临时股东大会会议须知 1 | | | --- | --- | --- | | 2025 | 年第一次临时股东大会会议议程 3 | | | 2025 | 年第一次临时股东大会会议议案 5 | | | | 议案一 | 5 | | | 关于取消公司监事会及修订《公司章程》并办理相应工商变更登记的议案 | 5 | | | 议案二 | 6 | | | 关于制定、修订公司部分内部治理制度的议案 | 6 | 新疆大全新能源股份有限公司 2025 年第一次临时股东大会会议资料 新疆大全新能源股份有限公司 2025 年第一次临时股东大会会议须知 为维护广大投资者的合法权益，确保股东在本次股东大会期间依法行使权 利，根据《中华人民共和国公司法》、中国证券监督管理委员会颁布的《上市 公司股东会规则》和公司制定的《股东大会议事 ...

Market Overview - A-shares maintained a volatile consolidation trend with total trading volume above 2 trillion yuan, while Hong Kong stocks showed weakness, with the Hang Seng Index down nearly 1% and the Hang Seng Tech Index dropping over 2% [1] - The Shanghai Composite Index closed down 0.25% at 3997.56 points, the Shenzhen Component Index fell 0.36% to 13404.06 points, and the ChiNext Index decreased by 0.51% to 3208.21 points [1] Chemical Sector - The organic silicon sector saw significant gains, with Dongyue Silicon Materials hitting a 20% limit up, and other companies like Jiangsu Guotai and Hesheng Silicon Industry also reaching their limits [3][5] - The phosphorus concept stocks strengthened, with companies like Qing Shui Yuan and Chengxing Co. achieving consecutive 20% limit ups, driven by the increasing demand for phosphorus in new energy materials and the tightening supply of phosphate rock [6] Lithium Battery and Photovoltaic Concepts - The lithium battery sector experienced a surge, with Huasheng Lithium Battery hitting a limit up, and other companies like Tianhua New Energy and Wanrun New Energy rising over 15% [8][10] - The photovoltaic industry also saw gains, with companies like Qianzhao Optoelectronics and Hongyuan Green Energy reaching their limits, supported by industry consolidation efforts to eliminate excess capacity [12] Company Highlights - Wentai Technology experienced a sharp rise towards the end of trading, nearing the limit up, with a total transaction volume of 3.77 billion yuan [14] - The company announced significant contracts for the supply of electrolyte products, indicating strong demand and price recovery in the lithium battery supply chain [10][11] - Recent statements from the Dutch government regarding semiconductor supply stability have positioned Wentai Technology and its subsidiary, Anshi Semiconductor, in a favorable light for future operations [16][17]