Group 1 - The company will hold an earnings presentation for the fiscal year 2024 and the first quarter of 2025 on May 29, 2025, from 13:00 to 14:00 [1][2] - The presentation will be conducted in an interactive online format, allowing investors to engage with the company regarding its operational results and financial indicators [1][2] - Key personnel attending the meeting include Vice Chairman Xu Xiang, General Manager Zhu Wengang, Independent Director Yao Yi, Secretary of the Board Sun Yicheng, and Vice General Manager and CFO Shi Wei [1][2] Group 2 - Investors can participate in the meeting through the Shanghai Stock Exchange Roadshow Center website and submit questions in advance [2] - The company will address commonly asked questions from investors during the presentation [2] - After the meeting, investors can view the presentation details and main content on the Shanghai Stock Exchange Roadshow Center [2]

证券代码：688303 证券简称：大全能源 公告编号：2025-028 新疆大全新能源股份有限公司（以下简称"公司"）已于 2025 年 4 月 30 日、 2025 年 5 月 1 日发布公司 2024 年年度报告及 2025 年第一季度报告，为便于广大 投资者更全面深入地了解公司 2024 年度及 2025 年第一季度经营成果、财务状况， 公司计划于 2025 年 5 月 29 日（星期四）13:00-14:00 举行 2024 年度暨 2025 年 第一季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年度及 2025 年第 新疆大全新能源股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： 四、投资者参会方式 1、欢迎广大投资者于 2025 年 5 月 29 日（星期四）13:00-14:00，登录上海 证券交易所上证路演中心（网址：http://roads ...

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 2024 年年度股东会的法律意见书 致：新疆大全新能源股份有限公司 1 本均为真实、准确、完整的；（2）公司已向本所披露一切足以影响本法律意见书 出具的事实和文件，且无任何隐瞒、疏漏之处。 本所及指派律师依据《中华人民共和国证券法》《律师事务所从事证券法律 业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法 律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤 勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认定的 ...

证券代码：688303 证券简称：大全能源 公告编号：2025-029 新疆大全新能源股份有限公司 2024年年度股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 5 月 20 日 （二） 股东会召开的地点：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： （五） 公司董事、监事和董事会秘书的出席情况 1、 公司在任董事9人，出席9人，除孙逸铖先生、姚毅先生、LIANSHENG CAO(曹 炼生)先生现场出席外，其余各位董事因公务原因均以通讯方式出席本次会议； 2、 公司在任监事3人，出席3人，各位监事因公务原因均以通讯方式出席本次会 议； 3、 董事会秘书孙逸铖先生现场出席本次会议；其余高级管理人员因公务原因均 以通讯方式列席本次会议。 二、 议案审议情况 （一） 非累积投票议案 | ...

中国国际金融股份有限公司 关于新疆大全新能源股份有限公司首次公开发行并上市 及 2022 年度向特定对象发行股票的持续督导保荐总结报告书 经中国证券监督管理委员会证监许可[2021]2110 号文《关于同意新疆大全新 能源股份有限公司首次公开发行股票注册的批复》核准，新疆大全新能源股份有 限公司（以下简称"公司"）实际已向社会公众公开发行人民币普通股（A 股）股 票 30,000 万股（每股面值人民币 1.00 元），发行价格为 21.49 元/股。公司本次发 行募集资金总额为人民币 6,447,000,000.00 元，扣除本次发行费用人民币 379,808,207.55 元，募集资金净额为人民币 6,067,191,792.45 元（不包括发行费用 相关增值税进项税额）。上述资金于 2021 年 7 月 19 日全部到账，并经德勤华永 会计师事务所（特殊普通合伙）验证并出具德师报（验）字（21）第 00348 号验 资报告。 截至 2024 年 12 月 31 日止，公司累计使用募集资金人民币 5,988,460,123.88 元(含募集资金置换预先投入的自筹资金人民币 1,782,167,500.00 ...

中国国际金融股份有限公司 关于新疆大全新能源股份有限公司 2024 年度持续督导跟踪报告 根据《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》和《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中国国际金融股份有限公司（以下简称"中金公司"或"保 荐机构"）作为新疆大全新能源股份有限公司（以下简称"大全能源"、"公司"） 持续督导工作的保荐机构，出具本持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对 | 保荐机构已建立并有效执行了持续督导制 | | | 具体的持续督导工作制定相应的工作计划 | 度，并制定了相应的工作计划 | | | 根据中国证监会相关规定，在持续督导工作开始 前，与上市公司或相关当事人签署持续督导协 | 保荐机构已与大全能源签订《保荐协议》， | | 2 | 议，明确双方在持续督导期间的权利义务，并报 | 该协议明确了双方在持续督导期间的权利和 | | | | 义务，并报上海证券交易所备案 | | | ...

Group 1 - A significant rumor in the silicon material industry suggests that six companies, including GCL-Poly Energy (03800.HK) and Tongwei Co., Ltd. (600438.SH), are planning to establish a large fund of 70 billion yuan to acquire and integrate silicon material production capacity [2][4] - The authenticity of the rumor remains unverified, with industry insiders indicating that it is still in a discussion phase and lacks concrete details [2][4] - There are indications that the six companies have begun joint operations to formulate a plan within three months, aiming to raise silicon material prices to 60,000 yuan per ton [3][4] Group 2 - The silicon material market has experienced a continuous decline in prices for five weeks, attributed to high inventory levels and a rapid drop in downstream product prices [5][6] - Current market conditions show that the production capacity utilization rate has significantly decreased to a range of 30% to 40%, with some companies planning to reduce production further [6][7] - The overall supply of silicon material is currently exceeding demand, with an estimated production capacity of around 3 million tons against a demand of approximately 2 million tons [6][7] Group 3 - The silicon material industry is facing severe losses, with major companies collectively reporting losses exceeding 18.4 billion yuan last year due to supply-demand imbalances and intense competition [7] - Recommendations for addressing the industry's challenges include strict adherence to production limits, collaboration between upstream and downstream companies, and participation in capacity replacement plans to eliminate outdated production capacity [7]

Investment Rating - The report maintains a "BUY" rating for Daqo New Energy with a target price of RMB 20.64, reflecting a potential upside of 2% from the closing price of RMB 20.22 as of May 15, 2025 [7]. Core Insights - Daqo New Energy reported a significant decline in revenue and net profit for 2024, with revenue at RMB 741 million and a net loss of RMB 272 million, representing year-on-year changes of -54.6% and -147.2% respectively. The fourth quarter of 2024 saw a revenue of RMB 141 million, down 59.3% year-on-year [2]. - The first quarter of 2025 continued to show weak performance, with revenue dropping to RMB 91 million, a decrease of 69.6% year-on-year, while the net loss narrowed to RMB 56 million, a year-on-year decline of 268.8% [2]. - The report anticipates that industry policies will be more effective than market expectations, potentially alleviating supply-demand imbalances in the future [2]. - Daqo New Energy is positioned as a leading player in the domestic silicon material sector, demonstrating cyclical resilience due to its strong liquidity buffer [2]. Financial Performance - The company experienced a significant drop in production and sales volumes in early 2025, with production falling to 250,000 tons and sales to 280,000 tons in the first quarter, reflecting a 27.5% and 33.6% decline respectively [3]. - The average selling price (ASP) of polysilicon increased to RMB 35.9 per kilogram in the first quarter of 2025, up 8.2% from the previous quarter, driven by increased downstream installation demand [3]. - As of the end of the first quarter of 2025, Daqo held RMB 3.1 billion in cash and cash equivalents, along with RMB 1.22 billion in trading financial assets, totaling RMB 4.32 billion, with no short-term or long-term debt [4]. Profit Forecast and Valuation - Due to ongoing supply-demand imbalances, the report has lowered its expectations for 2025 polysilicon ASP, shipment volumes, and gross margins. However, it anticipates a recovery in profitability by 2026 as industry conditions normalize [5]. - The projected net profits for 2025, 2026, and 2027 are RMB -489.67 million, RMB 2.76 billion, and RMB 3.11 billion respectively, with significant improvements expected in 2026 [5]. - The report assigns a price-to-earnings (PE) ratio of 16 times for 2026, reflecting a premium over the industry average of 11.72 times, with a revised target price of RMB 20.64 [5].

新疆大全新能源股份有限公司 关于参加新疆辖区上市公司 2025 年投资者 证券代码：688303 证券简称：大全能源 公告编号：2025-027 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2025 年 5 月 23 日（周五）15:00-17:30。届时公 司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计划、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ 特此公告。 新疆大全新能源股份有限公司董事会 2025 年 5 月 16 日 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，新疆大全新能源股份有限公司（以下简 称"公司"）将参加由新疆上市公司协会根据新疆证监局工作部署，联合深圳市全 景网络有限公司举办的"2025 年新疆辖区上市公司投资者网上集体接 ...

Group 1 - Daqian Energy's stock closed at 21.11 yuan, with a decline of 5.12%, resulting in a total market capitalization of 45.285 billion yuan [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2021, with an initial public offering (IPO) of 300 million shares at a price of 21.49 yuan per share [1] - The total funds raised from the IPO amounted to 644.7 million yuan, with a net amount of 606.719 million yuan, exceeding the original plan by 106.719 million yuan [1] Group 2 - In 2022, Daqian Energy issued A-shares to specific investors, raising a total of approximately 10.999 billion yuan at a price of 51.79 yuan per share [2] - The net amount raised from this issuance, after deducting issuance costs, was approximately 10.937 billion yuan, which was fully utilized by the end of 2022 [2] - The stock price is currently below the issuance price [2] Group 3 - Daqian Energy's total fundraising from both IPO and subsequent issuance amounts to 17.447 billion yuan [3] - For the year 2023, the company reported a revenue of approximately 741.052 million yuan, a year-on-year decline of 54.62%, and a net profit attributable to shareholders of -271.813 million yuan [3] - In the first quarter of 2025, the company reported a revenue of approximately 90.725 million yuan, a year-on-year decline of 69.57%, with a net profit of -55.802 million yuan [3]