在ESG评级显著跃升的同时，昱能科技在财务健康性方面也获得权威认可。2025年8月，香港专业质量 服务机构Sinovoltaics发布最新一期全球光伏逆变器制造商财务健康排名，昱能科技(APSystems)凭借稳 健的资产结构、良好的盈利能力和出色的风险控制，荣登榜首，位列全球第一。 图1：wind ESG 评级结果 ESG评级跃升至AA，彰显可持续发展新高度 Wind ESG评级作为国内领先、具有国际接轨能力的可持续发展评价体系，长期以来被资产管理机构、 绿色基金及责任投资者广泛采纳。根据《Wind ESG评级方法论》，AA评级通常被定义为"企业管理水 平高，ESG风险低，可持续发展能力强"。此次评级上调，是对昱能科技长期坚持绿色发展、履行社会 责任、完善治理体系等综合实力的有力背书。 在昱能科技2024年发布的ESG报告中，公司围绕规范经营、环境管理、创新驱动、社会责任多方面展 开，不断提升ESG信息披露质量，体现出企业将可持续发展理念深度融入日常运营管理的坚定决心，也 为本次评级的上调提供了坚实支撑。 在环境治理方面，昱能科技秉持"树立环保意识，倡导绿色生活"的理念，将绿色运营融入办公日常，主 要代工厂 ...

Investment Rating - Industry Rating: Recommended [5] Core Insights - The report highlights the acceleration of humanoid robot production due to advancements in AI technology and domestic companies' efforts to replace core components, indicating a broad market opportunity [1][15] - The electric vehicle (EV) sector is entering a deep penetration phase, with new high-cost performance models expected to drive sales growth and stabilize the industry in the medium to long term [2][18] - The renewable energy sector is facing rising upstream raw material prices, which are expected to be passed down the supply chain, potentially leading to price rebounds for solar components [3][24] - The UK government's decision to relax AR7 offshore wind auction entry requirements is anticipated to boost investment enthusiasm and accelerate project implementation in the offshore wind sector [4][27] Summary by Sections Humanoid Robots - The launch of the new industrial humanoid robot Walker S2 by UBTECH enables 24/7 operation with a rapid battery swap system, indicating a significant technological breakthrough [1][15] - The report emphasizes the strong domestic demand for core components and the potential for domestic companies to benefit from this trend [1][15] - Key players in the humanoid robot supply chain are expected to see substantial opportunities as the industry matures [1][17] New Energy Vehicles - The report notes that the introduction of multiple new EV models is likely to enhance user experience and drive sales growth [2][18] - The EV industry is characterized by rapid growth, with new technologies and materials expected to improve performance and reduce costs [2][19] - The report identifies several investment opportunities within the EV supply chain, particularly in battery technology and related components [2][23] Renewable Energy - The report discusses the impact of rising prices for upstream materials like silicon, which are expected to lead to price increases for solar components [3][24] - It highlights the ongoing optimization of battery efficiency and the potential for companies with differentiated high-efficiency products to enhance profitability [3][26] - The report also notes the expected reduction in production from glass manufacturers, which could alleviate inventory and pricing pressures in the solar market [3][26] Offshore Wind Energy - The UK government's relaxation of AR7 offshore wind auction rules is seen as a positive signal for the global offshore wind industry, potentially increasing project participation [4][27] - The report anticipates that the extension of contract terms for difference agreements will further stimulate investment in offshore wind projects [4][28] - Key beneficiaries of this trend are expected to include leading domestic companies involved in offshore wind energy [4][28] Energy Storage - The introduction of capacity pricing policies for energy storage in Gansu province is expected to enhance the profitability of long-duration storage projects [8][31] - The report emphasizes the importance of energy storage in balancing renewable energy output and improving utilization rates [8][31] - Companies with technological advantages in energy storage are likely to be the first to benefit from these new policies [8][31]

Core Viewpoint - The company emphasizes its commitment to green, low-carbon, and sustainable development, leveraging technological innovation to drive steady growth in performance while addressing the increasing global demand for renewable energy [2][4]. Group 1: Company Overview - Yuneng Technology Co., Ltd. was established in 2010 and is listed on the Sci-Tech Innovation Board with the stock code 688348 [2]. - The company focuses on the research and industrialization of micro-inverter technology and provides distributed photovoltaic + energy storage solutions [2][5]. - As of the end of 2024, the company achieved a revenue of 1.77 billion RMB and a net profit of 140 million RMB [2]. Group 2: Governance and Compliance - The company has optimized its governance structure by integrating ESG management into its strategic planning and decision-making processes [2][5]. - It adheres to various regulatory guidelines, including the Shanghai Stock Exchange's self-regulatory rules for listed companies [2][5]. - The board of directors has established a dedicated ESG committee to enhance the integration of sustainability into corporate governance [5][8]. Group 3: Innovation and R&D - The company has invested significantly in R&D, with R&D expenses accounting for 5.31% of its revenue, and has a total of 9,405.91 million RMB in R&D investment [2][4]. - It has developed a range of innovative products, including MLPE component-level power electronics, with cumulative sales exceeding 6 GW and a total power generation of 7 TWh [2][4]. - The company has established partnerships for industry-academia-research collaboration to foster continuous innovation [2][4]. Group 4: ESG Performance - The company has implemented various environmental management practices, achieving a cumulative reduction of carbon dioxide emissions [2][4]. - It has a 100% compliance rate for qualified suppliers and has conducted extensive training for employees, totaling 62,664 hours [2][4]. - The company actively engages in social responsibility initiatives, collaborating with numerous NGOs to support community development [2][4]. Group 5: Market Position and Global Reach - The company has established a global marketing network, with products sold in over 156 countries and regions [2][5]. - It has set up subsidiaries in key international markets, including the USA, Netherlands, and Australia, to enhance its global presence [2][5]. - The company has been recognized as a national-level "specialized and innovative" small giant enterprise, reflecting its strong market position [2][5].

昱能科技股份有限公司 Yuneng Technology Co., Ltd. Address: No.2, No.522, Asia-Pacific Road, Nanhu District, Jiaxing City, Zhejiang Province, China. TEL: 0573-8398-6967 National Sales TEL: 400-1035-181 After-sales service TEL: 400-1008-470 Contents | About this Report | | | --- | --- | | Chairman's Speech | 03 | | ESG Performance Highlights | 05 | | About APsystems | | | --- | --- | | Company Overview | 09 | | Development Milestones | 11 | | APsystems Global Footprint | 13 | | Awards Received in 2024 | 15 | | ESG Data ...

昱能科技股份有限公司 Yuneng Technology Co., Ltd. 地址 : 浙江省嘉兴市南湖区亚太路 522 号 2 幢 电话 :0573-8398-6967 全国销售热线 :400-1035-181 售后服务热线 :400-1008-470 CONTENTS 目 录 | 关于本报告 | | --- | | 董事长致辞 | | ESG 亮点绩效 | | 公司概况 | 09 | | --- | --- | | 发展历程 | 11 | | 昱能全球布局 | 13 | | 2024 年荣誉 | 15 | | ESG 管理 | 02 | | --- | --- | | ESG 治理 | 19 | | 议题重要性分析 | 19 | | 响应联合国可持续发展目标（SDGs） | 24 | | 01 | 走进昱能科技 | 01 | 规范经营 夯实治理之道 | 03 | 驱动创新 赋能质量管理 | 05 | | --- | --- | --- | --- | --- | --- | --- | | 03 | 公司概况 | 09 | 公司治理 | 27 | 研发创新 | 51 | | 05 | 发展历程 | 11 ...

东方证券股份有限公司（以下简称"保荐机构"）作为昱能科技股份有限公 司（以下简称"公司"、"昱能科技"）首次公开发行股票并在科创板上市持续 督导保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所交易规则》和《上海证券交易所上市公司自律监管指引第 7 号—— 回购股份》等有关规定，对公司 2024 年度差异化权益分派特殊除权除息事项进 行了审慎核查，核查情况及核查意见如下： 东方证券股份有限公司 关于昱能科技股份有限公司 差异化权益分派特殊除权除息事项的核查意见 等相关法律法规、规范性文件以及《昱能科技股份有限公司章程》的规定，上述 公司回购的股份不参与利润分配。因此，公司 2024 年度利润分配实施差异化分 红。 一、本次差异化分红的原因 公司于 2023 年 9 月 12 日召开第一届董事会第二十四次会议，审议通过了 《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用超募资金 以集中竞价交易方式回购公司股份，用于实施员工持股计划或股权激励。回购股 份的价格不超过人民币 220 元/股（含），回购资金总额不低于人民币 10,000 万 元（含），不超过人民币 20,0 ...

二、 分配方案 证券代码：688348 证券简称：昱能科技 公告编号：2025-029 昱能科技股份有限公司 2024年年度权益分派实施公告 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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/7/3 | 2025/7/4 | 2025/7/4 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经昱能科技股份有限公司(以下简称"公司")2025 年 5 月 30 日的2024年年度股东大会审议通过。 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 （公司回购专用证券账户除外）。 根据《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 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.40元(含税) 相关日期 规定，上市公司回购 ...

东方证券股份有限公司 关于昱能科技股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 东方证券股份有限公司（以下简称"保荐机构"）作为昱能科技股份有限公司 （以下简称"公司"、"昱能科技"）首次公开发行股票并在科创板上市持续督导保 荐机构，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》《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自 律监管指引第 1 号——规范运作》等有关规定，对昱能科技使用部分暂时闲置募 集资金进行现金管理的事项进行了审慎核查，核查情况及核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意昱能科技股份有限公司首次公开发 行股票注册的批复》（证监许可〔2022〕681 号），同意公司首次公开发行股票 的注册申请，并经上海证券交易所同意，公司首次向社会公众公开发行人民币普 通股（A 股）股票 2,000 万股，发行价格为每股人民币 163.00 元，募集资金总额 为人民币 326,000.00 万元，扣除发行费用后，实际募集资金净额为人民币 303,699.49 万元。 上述募集资金已全部到位，并经天健会计师事务所（特殊普 ...

东方证券股份有限公司 关于昱能科技股份有限公司 部分超募资金投资项目增加实施内容及地点并调整项目建 设周期的核查意见 东方证券股份有限公司（以下简称"保荐机构"）作为昱能科技股份有限公 司（以下简称"公司"、"昱能科技"）首次公开发行股票并在科创板上市持续 督导保荐机构，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》《上市公司监管指引第 2 号——上市公司募集资金管理和使用 的监管要求》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运 作》等有关规定，对昱能科技部分超募资金投资项目增加实施内容及地点并调整 项目建设周期的事项进行了审慎核查，核查情况及核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会于 2022 年 4 月 1 日出具的《关于同意昱能科 技股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕681 号）， 公司获准向社会公众公开发行人民币普通股 2,000.00 万股，每股发行价为人民币 163.00 元，共计募集资金 326,000.00 万元，扣除发行费用后，实际募集资金净额 为 303,699.49 万元，上述募集资金已经 ...

证券代码：688348 证券简称：昱能科技 公告编号：2025-026 昱能科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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。 昱能科技股份有限公司（以下简称"公司"）于 2025 年 6 月 16 日召开第二 届董事会第十八次会议、第二届监事会第十五次会议，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》，同意公司在保证不影响募集资金投 资项目实施、确保募集资金安全的前提下，使用最高不超过人民币 12 亿元（含） 的暂时闲置募集资金进行现金管理。使用期限自前次募集资金现金管理的授权到 期之日起 12 个月内有效，即 2025 年 7 月 22 日起至 2026 年 7 月 21 日。在使用 授权期限内，资金可以循环滚动使用。公司董事会授权管理层在上述额度和期限 范围内行使投资决策权并签署相关文件，具体事项由公司财务部负责组织实施。 上述事项在公司董事会审批权限范围内，无需提交公司股东大会审批。保荐机构 东方证券股份有限有限公司（以下简称"保荐机构 ...