Investment Rating - The report maintains a "Recommended" rating for the company [4][7]. Core Insights - The company achieved a revenue of 3.376 billion yuan in H1 2024, representing a year-on-year increase of 75.73%, with a net profit attributable to shareholders of 231 million yuan, up 135.86% year-on-year [1]. - The company delivered 5.89 GW of tracking brackets in H1 2024, a significant increase of 363.58% year-on-year, while fixed brackets delivered 1.62 GW, down 41.74% year-on-year [2]. - The company has a strong order backlog of 6.669 billion yuan as of June 30, 2024, with tracking brackets accounting for 5.549 billion yuan, a year-on-year increase of 183% [2]. - The company's global market share for tracking bracket systems reached 9% in 2023, an increase of 4 percentage points from 2022, ranking fifth globally [3]. - The company is expanding its global presence, with plans to establish a local production facility in Saudi Arabia, which will enhance its delivery capabilities [3]. Financial Forecasts - The company is projected to achieve revenues of 9.024 billion yuan, 12.401 billion yuan, and 15.555 billion yuan for the years 2024, 2025, and 2026, respectively [4][6]. - The net profit attributable to shareholders is expected to be 681 million yuan, 939 million yuan, and 1.165 billion yuan for the same years, with corresponding PE ratios of 18x, 13x, and 10x [4][6]. - The company’s gross margin is forecasted to be 17.67% in 2024, slightly decreasing to 17.20% by 2026 [8].

证券研究报告·公司点评报告·光伏设备 中信博（688408） 2024 中报点评：海外开拓助力出货，产品结 构优化、毛利率稳步提升 2024 年 08 月 28 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|--------|--------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 3703 | 6390 | 8779 | 10914 | 13216 | | 同比（ % ） | 53.29 | 72.59 | 37.38 | 24.32 | 21.09 | | 归母净利润（百万元） | 44.43 | 345.04 | 604.70 | 774.72 | 956.13 | | 同比（ % ） | 195.57 | 676.58 | 75.25 | 28.12 | 23.42 | | EPS- 最新摊薄（元 / 股） | 0.22 ...

江苏中信博新能源科技股份有限公司 第三届监事会第十四次会议决议公告 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 江苏中信博新能源科技股份有限公司（以下简称"公司"）第三届监事会 第十四次会议（以下简称"本次会议"）通知于2024年8月16日以通讯方式送达 全体监事。本次会议于2024年8月27日以现场方式召开，由监事会主席王宗星先 生主持，本次会议公司应出席监事3人，实际出席监事3人，本次会议的召集、 召开符合《中华人民共和国公司法》、《江苏中信博新能源科技股份有限公司 章程》以及《江苏中信博新能源科技股份有限公司监事会议事规则》等有关法 律、法规及公司规定。 证券代码：688408 证券简称：中信博 公告编号：2024-047 二、监事会会议审议情况 与会监事就各项议案进行了审议，并表决通过以下事项： （一）审议通过《关于公司2024年半年度报告及摘要的议案》 1、公司严格按照股份制公司财务制度规范运作，公司2024年半年度报告及 摘要包含的信息公允、全面、真实地反映了公司本报告期的财务状况和 ...

证券代码：688408 证券简称：中信博 公告编号：2024-045 江苏中信博新能源科技股份有限公司 关于受让控股子公司少数股东股权暨关联交易的公告 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： 关联交易概述：江苏中信博新能源科技股份有限公司（以下简称"中信 博"或"公司"）持有控股子公司安徽零碳新能源电力科技有限公司（以下简称 "安徽零碳"）70%股权，员工持股平台宿松零碳管理中心（有限合伙）（以下简 称"宿松零碳"）持有安徽零碳 30%股权。根据公司整体战略规划，拟由中信博 受让宿松零碳持有的安徽零碳 30%股权，受让价格为人民币 1,412.07 万元。受 让完成后，中信博将持有安徽零碳 100%股权。 本次交易已经第三届董事会独立董事专门会议 2024 年第一次会议、第三 届董事会第十七次会议、第三届监事会第十四次会议审议通过。 一、关联交易概述 根据公司整体战略规划需求，优化员工激励方式以促进公司高质量发展，拟 由公司受让员工持股平台宿松零碳持有的公司控股子公司安徽零碳 30%股权，受 让价格 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, reaching RMB 1.2 billion, representing a 25% year-over-year growth[1]. - The company's revenue for the first half of 2024 reached ¥3,376,302,345.27, representing a 75.73% increase compared to ¥1,921,306,594.17 in the same period last year[16]. - Net profit attributable to shareholders was ¥231,332,663.09, up 135.86% from ¥98,080,778.36 year-on-year[16]. - Basic earnings per share rose to ¥1.72, a 135.62% increase from ¥0.73 in the same period last year[17]. - The gross margin improved to 35%, up from 30% in the previous year, due to cost optimization measures[1]. - Future outlook remains positive, with a focus on sustainability and innovation to drive long-term growth[1]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, now serving over 500,000 active users[1]. - The company projects a revenue growth of 30% for the second half of 2024, driven by new product launches and market expansion strategies[1]. - The company plans to enter new international markets, including Southeast Asia and Europe, aiming for a 10% market share in these regions by 2025[1]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's production capacity by 40%[1]. - The company has established partnerships with three major energy firms to enhance its distribution network and service offerings[1]. Research and Development - Investment in R&D has increased by 20%, focusing on innovative solar tracking technologies and energy storage solutions[1]. - Research and development expenses accounted for 2.25% of revenue, down 1.20 percentage points from the previous year[17]. - The company achieved a total of 76,002,196.01 CNY in R&D expenditures, representing a 14.73% increase compared to the previous year's 66,243,323.97 CNY[33]. - The company has filed for 22 new invention patents related to its AI tracking control technology, enhancing its competitive edge in the market[29]. - The company received 20 new invention patents during the reporting period, bringing the total number of granted invention patents to 83[32]. Product Development and Innovation - The company has introduced a new line of BIPV products, which is anticipated to contribute an additional RMB 300 million in revenue by the end of 2024[1]. - The company launched a new tracking system called "Tianrou," which features a unique wireless multi-point parallel drive technology, capable of adapting to various complex installation scenarios, reducing the number of anchor piles by over 50%[24]. - The BIPV (Building-Integrated Photovoltaics) products are designed to integrate with building structures, providing both traditional architectural benefits and solar energy generation capabilities[26]. - The company has developed a photovoltaic sound barrier system aimed at highways and railways, enhancing noise reduction and environmental aesthetics[31]. - The company has upgraded its cloud-based remote monitoring software for photovoltaic systems, enhancing user interface and functionality[31]. Financial Position and Assets - The company's total assets increased by 13.81% to ¥9,292,749,818.22 from ¥8,165,398,710.15 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 8.59% to ¥3,043,111,571.75 from ¥2,802,439,772.91 at the end of the previous year[16]. - The company's total liabilities amounted to ¥6,240,040,367.08, compared to ¥5,350,818,664.42, showing an increase of about 16.6%[118]. - The company's equity attributable to shareholders reached ¥3,043,111,571.75, up from ¥2,802,439,772.91, indicating a growth of approximately 8.6%[118]. - The company's cash and cash equivalents decreased to ¥1,807,765,523.91 from ¥1,953,605,382.77, reflecting a decline of approximately 7.4%[116]. Environmental and Sustainability Initiatives - The company emphasizes the importance of energy technology innovation and the optimization of non-fossil energy sources to support national carbon neutrality goals[22]. - The company has installed BIPV solar power stations on rooftops to reduce electricity consumption and promote green energy usage[69]. - The company is committed to sustainable development and has published its ESG report, aligning with international standards and UN sustainable development goals[68]. - The company has introduced dust removal facilities and mobile welding fume purifiers to manage waste gas emissions[67]. - The company actively manages solid waste by recycling and ensuring compliance in hazardous waste disposal[67]. Shareholder and Corporate Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[71]. - The company will distribute cash dividends if it achieves profitability and has positive distributable profits after covering losses and reserves, with a minimum distribution of 20% of the distributable profits for the year[75]. - The company has established a stock incentive plan, with the first vesting period of the second category of restricted stock meeting the vesting conditions[62]. - The company has pledged to compensate investors for any losses incurred due to non-fulfillment of commitments disclosed in the prospectus, with a response time of 10 trading days after recognition of the violation by regulatory authorities[83]. - The company emphasizes compliance with legal and regulatory requirements in all related transactions[86]. Operational Challenges - The net cash flow from operating activities was negative at -¥1,224,066,866.80, a significant decline compared to ¥82,854,150.35 in the previous year[16]. - The company's operating costs increased primarily due to the growth in operating revenue[46]. - Sales expenses rose mainly due to increased employee compensation and market development costs[46]. - The company reported a significant increase in other current assets by 167.75% to 155,265,638.57 RMB, mainly due to increased deductible input tax[47][48]. - The company reported a loss of 761,120 RMB from Anhui Zero Carbon New Energy Power Technology Co., Ltd., which operates in solar power technology services[59].

证券代码：688408 证券简称：中信博 公告编号：2024-046 江苏中信博新能源科技股份有限公司 关于调整 2022 年度向特定对象发行 A 股股票发行 数量上限的公告 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。 一、本次向特定对象发行 A 股股票事项情况 公司于 2022 年 11 月 9 日召开第三届董事会第五次会议、第三届监事会第 四次会议，并于 2022 年 11 月 29 日召开 2022 年第七次临时股东大会会议，审 议通过《关于公司 2022 年度向特定对象发行 A 股股票方案的议案》等相关议案， 关于本次向特定对象发行 A 股股票发行数量的情况如下： 本次向特定对象发行股票的股票数量按照本次发行募集资金总额除以发行 价格计算，且不超过本次发行前公司总股本的 30%，即本次发行不超过 4,071.46 万股（含本数）。最终发行数量由公司股东大会授权董事会根据中国证监会相关 规定及发行时的实际情况，与本次发行的保荐机构（主承销商）协商确定。 若公司股票在董事会决议日至发行日期间发生送股、资本公积金转增 ...

证券代码：688408 证券简称：中信博 公告编号：2024-044 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （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： | 1、出席会议的股东和代理人人数 | 143 | | --- | --- | | 普通股股东人数 | 143 | | 2、出席会议的股东所持有的表决权数量 | 121,336,499 | | 普通股股东所持有表决权数量 | 121,336,499 | | 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 | 60.3058% | | 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（%） | 60.3058% | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等 本次股东大会由公司董事会召集，董事长蔡浩先生主持，大会采用现场投票 与网络投票相结合的方式召开。本次会议的召集、召开程序及表决方式和表决程 序均符合《公司法》及《公司章程》的有关规定，会议合法有效。 （五） 公司董事、监事和董事会秘书的出席情况 江苏中信博新能源科技股份有限公司 20 ...

!"#$%&'()*+ ,-./0123456789:;<= 2024 >?@ABC8DEFG H'IJK 中国·北京 朝阳区建大街甲 14 号广播大厦 5 层、9 层、10 层、13 层、17 层 邮政编码：100022 5F/9F/10F/13F/17F Broadcasting Mansion, No.14A Jianwai Avenue, Chaoyang District, Beijing, 100022, China 电话(Tel):86-10-65219696 传真(Fax):86-10-88381869 "#"$%&' ()*+,-./0123456789 根据《中华人民共和国公司法》（以下简称《公司法》）《中华人民共和国 证券法》（以下简称《证券法》）和中国证券监督管理委员会《上市公司股东大 会规则》（以下简称《股东大会规则》）的规定，北京海润天睿律师事务所接受 江苏中信博新能源科技股份有限公司（以下简称公司）的委托，指派律师出席并 见证公司于 2024 年 8 月 19 日召开的 2024 年第一次临时股东大会会议。依据有 关法律、法规、规范性文件的规定以及《江苏中信博新能源科技股份有限公 ...

江苏中信博新能源科技股份有限公司（以下简称"公司"）于近日收到国投 证券股份有限公司（以下简称"国投证券"）发来的《关于变更江苏中信博新能 源科技股份有限公司向特定对象发行股票项目保荐代表人的专项说明》。 公司向特定对象发行股票项目原保荐代表人尹泽文先生因个人原因拟离职。 为保证本公司向特定对象发行股票项目工作的有序进行，国投证券现委派徐长浩 先生（简历见附件）接替尹泽文先生继续担任保荐代表人。本次变更后，公司向 特定对象发行股票项目的保荐代表人为郑旭先生和徐长浩先生。本次保荐代表人 变更不会影响国投证券对公司的保荐工作，亦不会对公司的生产经营活动造成风 险和影响。 证券代码：688408 证券简称：中信博 公告编号：2024-043 江苏中信博新能源科技股份有限公司 关于变更向特定对象发行股票项目保荐代表人的公告 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。 公司董事会对尹泽文先生为公司向特定对象发行股票项目所做出的贡献表 示衷心的感谢！ 江苏中信博新能源科技股份有限公司董事会 徐长浩，男，保荐代表人，会计硕士，注册会 ...

2024 年第一次临时股东大会会议材料 2024 年第一次临时股东大会会议材料 目录 证券简称：中信博 证券代码：688408 江苏中信博新能源科技股份有限公司 2024 年第一次临时股东大会 会议资料 二零二四年八月十九日 1 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作人 员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 | 2024 年第一次临时股东大会会议须知 3 | | --- | | 2024 年第一次临时股东大会会议议程 5 | | 议案一、关于公司变更注册资本、修订《公司章程》并办理工商变更登记手续的 | | 议案 6 | 2 2024 年第一次临时股东大会会议材料 2024 年第一次临时股东大会会议须知 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，请出 席大会的股东或其代理人或其他出席者准时到达会场签到确认参会资格，在会议 主持人宣布现场出席会议的股东和代理人人数及所持有的表决权数量之前，会议 登记应当终止。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人参加股东大会依法享有发言权、质询权、表决权等权利。 股东及股东 ...