重要内容提示： ● 本次会议是否有被否决议案：无 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。 （二）股东会召开的地点：杭州市滨江区长河街道长河路351号4号楼5层A座501室公司会议室 （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）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 本次会议由公司董事会召集，董事长吕汉泉先生主持，会议采用现场投票和 网络投票相结合的方式进 行表决。本次会议的召集、召开程序、表决方式、决议 内容均符合《公司法》等有关法律、法规及 《公司章程》的有关规定，会议合法 有效。 （五）公司董事和董事会秘书的出席情况 ■ （二）涉及重大事项，应说明5%以下股东的表决情况 ■ （三）关于议案表决的有关情况说明 1、本次股东会议案属于普通决议议案，已获得出席本次股东会的股东或股东代理人所持有效表决权股 份总数的二分之一以上通过。 2、对中小投资者单独计票的议案：议案1。 三、律师见证情况 1、公司在任董事7人，以现场结合通讯方式出席 ...

证券代码：688408 证券简称：中信博 公告编号：2025-053 江苏中信博新能源科技股份有限公司 关于召开 2025 年半年度 暨第三季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、准确性和完整性依法承担法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 23 日（星期四）至 10 月 29 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 investor.list@arctechsolar.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。 江苏中信博新能源科技股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日发布 2025 年半年度报告及拟于 2025 年 10 月 28 日发布 2025 年第三季度报告， 为便于广大投资者更全面深入地了解公司 2025 年半年度及第三季度经营成果、 财务状况，公司计划于 2025 年 10 月 3 ...

Core Points - The stock price of CITIC Bo fell by 2.00% on October 16, closing at 45.50 CNY per share, with a market capitalization of 9.967 billion CNY [1] - The company has experienced a significant decline in stock price, down 35.92% year-to-date and 5.58% over the last five trading days [1] - CITIC Bo's main business involves the research, design, production, and sales of photovoltaic brackets, with 97.74% of revenue coming from product sales [1] Financial Performance - For the first half of 2025, CITIC Bo reported operating revenue of 4.037 billion CNY, a year-on-year increase of 19.55%, while net profit attributable to shareholders decreased by 31.79% to 158 million CNY [2] - The company has distributed a total of 412 million CNY in dividends since its A-share listing, with 349 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of CITIC Bo shareholders decreased by 21.44% to 11,300, while the average number of tradable shares per shareholder increased by 37.79% to 19,312 shares [2] - The second-largest shareholder is Hong Kong Central Clearing Limited, which increased its holdings by 5.9133 million shares to 10.0537 million shares [3]

Group 1 - Company announced a share buyback of approximately 1.75 million shares, representing 0.7995% of the total share capital of about 219 million shares [1] - The highest buyback price was 52 CNY per share, while the lowest was 45.11 CNY per share, with a total transaction amount of approximately 85.27 million CNY [1] - For the year 2024, the company's revenue composition is heavily weighted towards the photovoltaic industry, accounting for 99.38%, with other businesses making up only 0.62% [1] Group 2 - The company's market capitalization is currently 10.6 billion CNY [2]

公司于 2025 年 4 月 15 日召开第三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》，同意公司使用自有资金和/ 或回购专项贷款资金（上海浦东发展银行股份有限公司苏州分行提供不超过 9,000 万元（含）的回购专项贷款）通过集中竞价交易方式进行股份回购。回购 股份将用于员工持股计划或股权激励，回购价格不超过人民币 80 元/股（含）， 回购资金总额不低于人民币 7,000 万元（含）且不超过人民币 10,000 万元（含）， 回购期限为自董事会审议通过本次回购方案之日起 12 个月内。具体内容详见公 司于 2025 年 4 月 17 日在上海证券交易所网站（www.sse.com.cn）披露的《关于 以集中竞价交易方式回购公司股份方案的公告》（公告编号：2025-023）。 公司于 2025 年 6 月 26 日实施完成了 2024 年年度权益分派，按照中国证监 会及上海证券交易所的相关规定，公司对权益分派实施后回购股份的价格上限 进行相应调整，价格上限由 80 元/股（含）调整为 79.01 元/股（含）。具体内 容详见《关于 2024 年年度权益分派实施后调整回 ...

Core Viewpoint - The stock price of CITIC Bo has experienced a significant decline, with a year-to-date drop of 36.33%, indicating potential challenges in the company's performance and market perception [2]. Company Overview - CITIC Bo, established on November 20, 2009, and listed on August 28, 2020, is located in Kunshan, Jiangsu Province, and specializes in the research, design, production, and sales of photovoltaic brackets [2]. - The company's revenue composition includes 97.74% from product sales, 1.20% from waste sales, 0.77% from construction contracts, 0.18% from electricity fees, and 0.11% from service fees and others [2]. - As of June 30, 2025, CITIC Bo had 11,300 shareholders, a decrease of 21.44% from the previous period, with an average of 19,312 circulating shares per shareholder, an increase of 37.79% [2]. Financial Performance - For the first half of 2025, CITIC Bo reported a revenue of 4.037 billion yuan, representing a year-on-year growth of 19.55%, while the net profit attributable to shareholders decreased by 31.79% to 158 million yuan [2]. - Since its A-share listing, CITIC Bo has distributed a total of 412 million yuan in dividends, with 349 million yuan distributed over the past three years [3]. Shareholding Structure - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 10.0537 million shares, an increase of 5.9133 million shares from the previous period [3]. - The fifth-largest circulating shareholder is Qianhai Kaiyuan Public Utility Stock, which is a new entrant with 2.3093 million shares [3]. - The ninth-largest circulating shareholder is the Photovoltaic ETF, holding 1.5277 million shares, which has decreased by 6,473 shares from the previous period [3].

Core Insights - The company reported a net profit attributable to shareholders of 158 million yuan in the first half of the year, with a significant decline in Q2 net profit by 38.41% year-on-year and 56.77% quarter-on-quarter [1][2] Financial Performance - The company's revenue for the first half of 2025 was 4.037 billion yuan, representing a year-on-year growth of 19.55% [2] - Q2 revenue reached 2.478 billion yuan, showing a year-on-year increase of 58.63% and a quarter-on-quarter increase of 58.99% [2] - The net profit for Q2 was 48 million yuan, down 38.41% year-on-year and 56.77% quarter-on-quarter [2] Credit Impairment and Profitability - The significant quarter-on-quarter decline in Q2 net profit was primarily due to a credit impairment provision of 66 million yuan, compared to a reversal of 35 million yuan in Q1 [3] - Excluding the impact of credit impairment, Q2 net profit would have increased by 52% quarter-on-quarter, aligning with revenue growth [3] Order Growth and Market Position - The company experienced a substantial increase in new orders, with a year-on-year growth of 58.5% in the first half, totaling 8.4 billion yuan [3] - As of the end of H1, the company had an order backlog of 7.29 billion yuan, providing strong support for future revenue and profit growth [3] Innovation and Product Development - The company is focusing on innovation and product technology iteration, launching new products such as flexible supports, tower solar thermal support systems, ground power station cleaning robots, and SCARA tracking operation and maintenance platforms [3]

Market Overview - The Shanghai Composite Index is at 3852.31 points with a decline of -0.21% as of 10:32 AM, and the total trading volume of A-shares is 1,075.764 billion yuan [1] Stocks with Death Cross - A total of 152 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Songjing Co., Ltd. (688157) with a distance of -1.61% - Chunguang Technology (603657) with a distance of -1.02% - Pilin Bio (000403) with a distance of -0.93% [1] Detailed Stock Performance - Key stock performances include: - Songjing Co., Ltd. (688157): Today's change is -0.67% with a latest price of 40.09 yuan, which is -3.28% from the 10-day moving average [1] - Chunguang Technology (603657): Today's change is -3.47% with a latest price of 38.70 yuan, which is -6.79% from the 10-day moving average [1] - Pilin Bio (000403): Today's change is -0.52% with a latest price of 17.32 yuan, which is -2.64% from the 10-day moving average [1] Additional Stocks with Notable Changes - Other stocks showing significant changes include: - Jiangsu New Energy (603693): Today's change is -1.38% with a latest price of 12.87 yuan, which is -2.29% from the 10-day moving average [2] - Yongan Pharmaceutical (002365): Today's change is -1.04% with a latest price of 18.11 yuan, which is -1.45% from the 10-day moving average [2] - Mosi Co., Ltd. (001323): Today's change is -1.95% with a latest price of 28.16 yuan, which is -2.96% from the 10-day moving average [2]

Group 1: Financial Performance - In H1 2025, the company achieved revenue of 4.037 billion yuan, a year-on-year increase of 19.55%, while net profit attributable to shareholders was 158 million yuan, a year-on-year decrease of 31.79% [1] - In Q2 2025, revenue reached 2.478 billion yuan, showing a year-on-year growth of 58.63% and a quarter-on-quarter increase of 58.99%. However, net profit attributable to shareholders was 48 million yuan, down 38.41% year-on-year and 56.77% quarter-on-quarter [1] Group 2: Sales and Market Dynamics - In H1 2025, the company sold 6.75 GW of tracking brackets, a 15% increase from 5.89 GW in H1 2024. Fixed brackets sales reached 5.97 GW, a significant increase of 187% from 2.08 GW in H1 2024, driven by domestic demand [2] - The average prices for tracking and fixed brackets in H1 2025 were 0.43 yuan/W and 0.17 yuan/W (excluding tax), remaining relatively stable [2] - The company signed large orders continuously since June, indicating strong demand and its leading position in markets like the Middle East. As of the end of Q2, the company had an order backlog of 7.29 billion yuan, a 1% decrease quarter-on-quarter but a 9% increase year-on-year [3] Group 3: Profitability and Financial Challenges - The company's gross margin in Q2 was 16%, down 2 percentage points year-on-year and 3 percentage points quarter-on-quarter, attributed to market slowdown, increased competition, and a higher proportion of lower-margin fixed brackets [2] - In Q2, the company experienced credit impairment losses of 66 million yuan and asset impairment losses of 30 million yuan, impacting performance due to increased accounts receivable from long project cycles [2] - As of the end of Q2, accounts receivable and notes receivable reached 2.42 billion yuan, a 48% year-on-year increase and a 41% quarter-on-quarter increase, marking a historical high [2] Group 4: Future Outlook - The company is expected to achieve net profits attributable to shareholders of 760 million yuan and 930 million yuan in 2025 and 2026, respectively, corresponding to price-to-earnings ratios of 15 and 12 times [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company reported a revenue of 4.037 billion yuan for H1 2025, representing a year-on-year growth of 19.55%. However, the net profit attributable to shareholders was 158 million yuan, a decline of 31.79% year-on-year. In Q2 2025, the revenue reached 2.478 billion yuan, showing a significant year-on-year increase of 58.63% and a quarter-on-quarter increase of 58.99%. The net profit for Q2 was 48 million yuan, down 38.41% year-on-year and down 56.77% quarter-on-quarter [2][5]. Summary by Sections Financial Performance - In H1 2025, the company sold 6.75 GW of tracking brackets, a year-on-year increase of 15%, and 5.97 GW of fixed brackets, a year-on-year increase of 187%. The average prices for tracking and fixed brackets were 0.43 yuan/W and 0.17 yuan/W respectively, remaining stable [9]. - The Q2 gross margin was 16%, down 2 percentage points year-on-year and down 3 percentage points quarter-on-quarter. The decline in profitability was attributed to increased operational costs in overseas markets and a higher proportion of lower-margin fixed brackets [9]. - The company experienced credit impairment losses of 66 million yuan and asset impairment losses of 30 million yuan in Q2, which negatively impacted performance. The increase in receivables was due to longer project cycles, with accounts receivable reaching 2.42 billion yuan, up 48% year-on-year and 41% quarter-on-quarter [9]. Order Backlog and Market Position - As of the end of Q2, the company had an order backlog of 7.29 billion yuan, a decrease of 1% quarter-on-quarter but an increase of 9% year-on-year. The backlog included 5.89 billion yuan for tracking brackets, 1.21 billion yuan for fixed brackets, and 190 million yuan for flexible and other products [9]. - The company has continued to secure large orders since June, indicating strong demand and its leading position in markets such as the Middle East [9]. Future Projections - The company is expected to achieve net profits of 760 million yuan and 930 million yuan for 2025 and 2026 respectively, corresponding to price-earnings ratios of 15 and 12 times [9].