Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2024, representing a year-on-year increase of 25%[1]. - The company expects a revenue growth of 20% for the second half of 2024, projecting total revenue to reach RMB 3 billion by year-end[1]. - The company's operating revenue for the first half of 2024 was ¥3,147,697,568.32, a decrease of 17.47% compared to the same period last year[15]. - The net profit attributable to shareholders was -¥23,830,602.29, representing a decline of 103.22% year-on-year[15]. - The net cash flow from operating activities decreased by 228.64%, amounting to -¥908,229,488.41[15]. - Basic earnings per share were -¥0.10, down 103.27% from ¥3.06 in the previous year[16]. - The weighted average return on equity dropped by 28.81 percentage points to -0.81%[16]. - The company reported a total non-recurring profit of RMB 31,086,247.23 for the period, after accounting for tax and minority interests[18]. - In the first half of 2024, the company achieved operating revenue of CNY 314,769.76 million, a decrease of 17.47% compared to the same period last year; net profit attributable to shareholders was CNY -2,383.06 million, a decline of 103.22% year-on-year[46]. User Growth and Market Expansion - User data indicates that the company has reached 1.2 million active users, up from 900,000 in the same period last year, marking a growth of 33%[1]. - The company is expanding its market presence in Europe, with plans to open three new offices in Germany and France by the end of 2024[1]. - The company has implemented a new marketing strategy aimed at increasing brand awareness, targeting a 10% increase in market penetration by mid-2025[1]. - The company's overseas revenue accounted for 35.00% of total revenue in the first half of 2024[57]. Research and Development - The company has allocated RMB 200 million for research and development in new energy technologies, focusing on energy storage solutions[1]. - Research and development expenses accounted for 8.42% of operating revenue, an increase of 2.81 percentage points compared to the previous year[16]. - R&D expenses totaled ¥264,948,347.37, a 23.79% increase from ¥214,033,241.75 in the same period last year[28]. - The company focuses on R&D in energy conversion, power electronics, and energy management, maintaining a continuous and forward-looking approach to innovation[23]. - The company has established a robust R&D system over more than ten years in the photovoltaic power supply equipment sector, ensuring sustained investment in innovation[25]. - The company is committed to developing new products based on customer needs, ensuring rapid response to market demands through close collaboration with clients[23]. Product Development and Technology - New product launches include the latest generation of solar inverters, which have seen a 40% increase in efficiency compared to previous models[1]. - The company has achieved seamless switching technology between grid-connected and off-grid modes, with switching time controlled at the millisecond level, applicable in its ES and ET series products[25]. - The company is developing a three-phase photovoltaic energy storage inverter with a total investment of ¥3,300,000, of which ¥310,460 was invested this period[31]. - The company is working on a new generation of high-performance single-phase energy storage inverters, with a total investment of ¥5,000,000 and ¥1,575,490 invested this period[32]. - The company is expanding its product applications to include photovoltaic building materials, with an expected investment of CNY 3,000 million, aimed at integrating solar technology with construction materials[36]. Financial Position and Assets - The total assets at the end of the reporting period were ¥7,441,643,135.09, an increase of 4.65% from the end of the previous year[15]. - The net assets attributable to shareholders decreased by 4.79% to ¥2,839,936,853.13[15]. - The company has a total of 1,082 R&D personnel, accounting for 28.19% of the total workforce, with an average salary of CNY 15.82 million, reflecting a strong focus on innovation[37]. - The company has a total of 470 authorized intellectual property rights, including 87 invention patents, 275 utility model patents, and 67 design patents, with 60 new rights granted during the reporting period[26]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact production capacity in the upcoming quarters[1]. - The company faces potential trade disputes and unfavorable policies in key overseas markets, particularly in the U.S. and EU, which could negatively impact sales[51]. - The company is exposed to foreign exchange risks due to its international operations, particularly with Euro and USD fluctuations[54]. - The company’s gross margin may decline due to rising raw material costs and increased competition in the inverter market[53]. - The company is at risk of raw material price volatility, particularly for semiconductor components, which could impact procurement costs[55]. Corporate Governance and Compliance - The company held its first temporary shareholders' meeting on March 22, 2024, approving two proposals related to financing guarantees for subsidiaries[74]. - The annual shareholders' meeting on May 16, 2024, approved 11 proposals, including the annual report and board work report[74]. - The company has committed to strict compliance with regulations regarding the reduction of shareholdings by major shareholders, ensuring that any share reduction will not occur within 24 months post-lockup period[87]. - The company has adhered to its commitments regarding shareholding reductions, ensuring transparency and compliance with relevant laws and regulations[89]. Environmental Initiatives - The company invested RMB 27.65 million in environmental protection during the reporting period[80]. - The company has established an environmental management system to regulate and improve its environmental responsibilities[82]. - The company has installed photovoltaic systems on the rooftops of its facilities, covering areas such as the office building and parking lots, contributing to its green initiatives[84]. - A new smart energy building has been constructed according to green building standards, utilizing renewable energy systems including solar photovoltaic, solar water heating, and geothermal heat pumps to minimize energy consumption[84]. Shareholder Information - The company has a total share capital of 242,000,978 shares, with 69,113,445 shares increased from capital reserves[117]. - Huang Min holds 74,774,000 shares, representing 30.90% of the total shares[122]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder increasing their holdings by 21,364,000 shares during the reporting period[122]. - The company did not report any changes in the number of restricted shares held by the top ten shareholders[126].

证券代码：688390 证券简称：固德威 公告编号：2024-047 固德威技术股份有限公司 第三届监事会第十九次会议决议公告 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 固德威技术股份有限公司（以下简称"公司"）第三届监事会第十九次会议 于 2024 年 8 月 29 日在公司会议室以现场与通讯表决相结合的方式召开，会议通 知于 2024 年 8 月 18 日以通讯方式送达至公司全体监事。本次会议应到监事 3 人，实到监事 3 人，会议由监事会主席鲍迎娣女士召集并主持。会议的召集和召 开程序符合《中华人民共和国公司法》和《公司章程》等相关规定，会议形成的 决议合法、有效。 二、监事会会议审议情况 与会监事对本次会议各项议案进行了审议，并表决通过了以下事项： 特此公告。 固德威技术股份有限公司 监事会 2024 年 8 月 31 日 监事会认为：公司《2024 年半年度报告》及其摘要的编制和审议程序符合 相关法律法规及《公司章程》等内部规章制度的规定；公司《2024 年半年度报 告》及其摘要的内 ...

固德威技术股份有限公司 关于召开 2024 年半年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、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2024 年 09 月 05 日(星期四)至 09 月 11 日(星期三)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 ir@goodwe.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。 固德威技术股份有限公司（以下简称"公司"）已于 2024 年 8 月 31 日发布公 司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度 经营成果、财务状况，公司计划于 2024 年 09 月 12 日上午 09:00-10:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 证券代码：688390 证券简称：固德威 公告编号：2024-048 会议召开时间：2024 年 09 月 12 日(星期四)上午 09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 ...

证券代码：688390 证券简称：固德威 公告编号：2024-046 固德威技术股份有限公司 2024 年半年度募集资金存放与使用情况专项报告 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。 根据《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（2023 年 12 月修订）》和《上海证券交易所科创板股票上市规则》等有关规定，固德 威技术股份有限公司 2024 年半年度募集资金存放与使用情况专项报告说明如下： （二）报告期募集资金使用金额及报告期末余额的情况 单位：人民币元 | 费用类别 | 含税金额 | | --- | --- | | 本次募集资金总额 | 834,460,000.00 | | 减：扣除保荐及承销费 | 41,101,509.43 | | 公司收到的募集资金金额 | 793,358,490.57 | | 费用类别 | | | 含税金额 | | | --- | --- | --- | --- | --- | | 减：累计 ...

证券代码：688390 证券简称：固德威 公告编号：2024-045 固德威技术股份有限公司 关于召开 2024 年第三次临时股东大会的通知 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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年第三次临时股东大会 召开日期时间：2024 年 9 月 18 日 14 点 30 分 召开地点：固德威技术股份有限公司二楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 9 月 18 日 至 2024 年 9 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2024年9月18日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 东大会召开当日的交 ...

会议须知 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》以及《公司章程》、《股东大会议事规则》等相关规定， 特制定 2024 年第三次临时股东大会须知。 固德威技术股份有限公司 2024年第三次临时股东大会会议资料 证券简称：固德威 证券代码：688390 固德威技术股份有限公司 2024 年第三次临时股东大会会议资料 江苏 苏州 2024 年 9 月 固德威技术股份有限公司 2024年第三次临时股东大会会议资料 2024 年第三次临时股东大会 五、要求发言的股东及股东代理人，应当按照会议的议程，经会议主持人许 可方可发言。有多名股东及股东代理人同时要求发言时，先举手者发言；不能确 定先后时，由主持人指定发言者。会议进行中只接受股东及股东代理人发言或提 问。股东及股东代理人发言或提问应围绕本次会议议题进行，简明扼要，时间原 则上不超过 5 分钟。 六、股东及股东代理人要求发言时，不得打断会议报告人的报告或其他股东 及股东代理人的发言，在股东大会进行表决时，股东及股东代理人不再进行发言。 股东 ...

证券代码：688390 证券简称：固德威 公告编号：2024-043 固德威技术股份有限公司 关于调减因开展分布式业务提供担保额度的公告 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。 公司于 2021 年 12 月 10 日召开第二届董事会第二十五次会议，于 2021 年 12 月 28 日召开了 2021 年第六次临时股东大会，审议通过了《关于调整因开展 分布式业务提供担保相关内容的议案》，公司控股子公司昱德新能源与金融机构 合作开展融资租赁业务，担保总额度为不超过人民币 6 亿元。公司提供连带责任 保证担保，其中为融资租赁项下的符合光伏分布式电站安装条件的终端用户提供 的连带责任担保金额为不超过 6,000 万元，为昱德新能源与金融机构合作开展经 营性租赁业务提供的连带责任担保金额为不超过 2,000 万元。具体内容详见公司 于 2021 年 12 月 11 日披露在上海证券交易所网站（www.sse.com.cn）的《关于 调整因开展分布式业务提供担保相关内容的公告》（公告编号：2021-061）。 （二）担保情况 ...

Investment Rating - The report maintains an "Outperform" rating for the company [1]. Core Insights - The company is expected to see a significant recovery in performance after hitting a low in Q1 2024, with a strong increase in grid-connected shipments anticipated for the year [2]. - The European market is showing signs of inventory stabilization, coupled with a declining interest rate cycle, which is expected to drive growth in high-margin household storage business [2]. - The company has a strong competitive position in Europe and emerging markets, with substantial growth opportunities [2]. Summary by Sections 1. Leading String Inverter Manufacturer with High Growth in Energy Storage - The company ranks among the top five globally in string inverter shipments, holding a 5% market share as of 2022 [4]. - The company has maintained a stable position in the competitive solar inverter market since 2020, consistently ranking in the top ten [4]. 2. Steady Revenue Growth and Performance Recovery in Q1 2024 - In 2023, the company achieved revenue of 7.35 billion yuan, a year-on-year increase of 56.1%, with a net profit of 850 million yuan, up 31.2% [20]. - The company experienced a decline in revenue in Q1 2024, with 1.13 billion yuan, down 34.5% year-on-year, attributed to overseas inventory issues [20]. - The gross margin for Q1 2024 was 27.5%, a decrease of 11.6 percentage points year-on-year, but recovery is expected as inventory issues resolve [20]. 3. Stable Growth in Grid-Connected Business - The company reported grid-connected inverter revenue of 2.86 billion yuan in 2023, a 43.0% increase year-on-year, with a gross margin of 29.4% [34]. - The average selling price of the company's products is stable, positioned in the mid-to-high end of the market [34]. 4. Energy Storage Business with First-Mover Advantage - The company has been a pioneer in the dual inverter product development since 2012, leading in household energy storage inverter shipments globally [60]. - In 2023, energy storage product revenue reached 2.44 billion yuan, a 7.3% increase year-on-year, with significant growth in battery shipments [60]. 5. Diversified Business Extensions Covering Zero-Carbon Living Scenarios - The company is expanding into integrated energy solutions for various applications, including RVs and smart energy products, leveraging its expertise in energy storage [79]. 6. Inverter Industry: Light Asset Attributes and Cost Control - The company maintains a high proportion of current assets, with over 80% of inverter costs attributed to direct materials, ensuring stable supply and cost control [80]. 7. Profit Forecast and Valuation - The company is projected to ship 774,000 grid-connected inverters and 100,000 energy storage inverters in 2024, with expected revenues of 9.17 billion yuan and net profits of 704 million yuan [86]. - The report assigns a PE valuation range of 29-31 times for 2024, corresponding to a fair value range of 84.39-90.21 yuan per share [86].

证券代码：688390 证券简称：固德威 公告编号：2024-041 固德威技术股份有限公司 关于 2021 年限制性股票激励计划首次授予部分 第二个归属期及预留部分第一个归属期归属结果暨股 份上市公告 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： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 585,426 股。 本次股票上市流通总数为 585,426 股。 本次股票上市流通日期为 2024 年 7 月 31 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责任 公司上海分公司相关业务规定，固德威技术股份有限公司（以下简称"公司"） 于 2024 年 7 月 25 日收到中国证券登记结算有限责任公司上海分公司出具的《证 券变更登记证明》，公司完成了 2021 年限制性股票激励计划首次授予部分第二个 归属期及预留授予部分第一个归属期的股份登记工作。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 1、2021 年 3 月 30 日，公司召开第二 ...

证券代码：688390 证券简称：固德威 公告编号：2024-040 固德威技术股份有限公司 2024 年第二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： （一） 股东大会召开的时间：2024 年 7 月 12 日 （二） 股东大会召开的地点：固德威技术股份有限公司一楼会议室 （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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 13 | | --- | --- | | 普通股股东人数 | 13 | | 2、出席会议的股东所持有的表决权数量 | 88,064,852 | | 普通股股东所持有表决权数量 | 88,064,852 | | 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 | 36.3902 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 36.3902 | （四） 表决方式是否符合《公 ...