Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported a revenue of 34.18 billion yuan for the first three quarters of 2024, a decrease of 12.6% year-on-year, with a net profit attributable to shareholders of 1.95 billion yuan, down 31.2% year-on-year [2] - The company has seen a continuous increase in its North American market share, with module shipments reaching 22.9 GW in the first three quarters of 2024, a slight year-on-year increase [2] - Energy storage shipments reached 4.4 GWh in the first three quarters of 2024, with Q3 deliveries at approximately 1.8 GWh, marking a 20% quarter-on-quarter increase and over 300% year-on-year growth [3] - The company emphasizes cash flow management and has a strong focus on intellectual property, with a total of 4,761 patent applications filed as of Q3 2024 [3] - The profit forecast for 2024-2026 has been adjusted downwards, with expected profits of 2.9 billion, 4.7 billion, and 6.1 billion yuan respectively, reflecting a 1% year-on-year increase for 2024 [4] Financial Summary - Total revenue for 2023 is projected at 51.31 billion yuan, with a net profit of 2.9 billion yuan, resulting in an EPS of 0.79 yuan [10] - The company’s total assets are estimated to reach 66.18 billion yuan in 2024, with total liabilities of 35.14 billion yuan [10] - The company’s P/E ratio is projected to be 19.16 for 2024, decreasing to 9.17 by 2026 [11]

证券代码：688472 证券简称：阿特斯 编号（月度）：2024-009 阿特斯阳光电力集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------|------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码:688472 证券简称:阿特斯 公告编号: 2024-063 阿特斯阳光电力集团股份有限公司 关于参加苏州上市公司投资者集体接待日活动 暨 2024 年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: ● 线上文字互动交流时间:2024 年 11 月 6 日 (星期三) 下午 15:30-17:00 ● 会议召开方式:线上文字互动 ● 线上文字互动平台:"全景路演"(https://rs.p5w.net/) ● 投资者可于 2024 年 11 月 5 日(星期二)16:00 前通过邮件、电话等形式将 需要了解和关注的问题提前提供给公司。公司将在文字互动环节对投资者普遍关注 的问题进行回答。 阿特斯阳光电力集团股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日发布公司《2024 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 2024 年第三季度经营成果、财务状况、发展理念等,公司将参加"苏州上市公司 投资者集体接待日活动",投资者可登录"全景路演" ...

Group 1: Event Details - The online interactive session will take place on November 6, 2024, from 15:30 to 17:00 [2][3] - The meeting will be conducted via the "Panorama Roadshow" platform [2][3] - Investors can submit questions by November 5, 2024, at 16:00 [2][3] Group 2: Company Information - The company, Arctech Solar Group Co., Ltd., has released its Q3 2024 report on October 30, 2024 [2] - Key personnel attending the meeting include General Manager Mr. Zhuang Yan, CFO Ms. Gao Lihong, and Secretary of the Board Mr. Xu Xiaoming [4] Group 3: Communication and Follow-up - Investors can check the meeting's details and main content on the "Panorama Roadshow" platform after the event [4] - Contact information for inquiries includes the Securities Department, phone number 0512-68966968, and email investor@csisolar.com [4]

证券代码：688472 证券简称：阿特斯 公告编号：2024-064 二、 回购股份的进展情况 | 回购方案首次披露日（正式） | 2024/2/27 | | --- | --- | | 回购方案实施期限 | 2024/2/25 ~2025/2/24 | | 预计回购金额 | 5.00 亿元~10.00 亿元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 51,750,000 股 | | 累计已回购股数占总股本比例 | 1.40% | | 累计已回购金额 | 5.53 亿元 | | 实际回购价格区间 | 8.85 元/股~12.00 元/股 | 一、 回购股份的基本情况 2024 年 2 月 25 日，阿特斯阳光电力集团股份有限公司（以下简称"公司"） 召开第二届董事会第二次会议，审议通过《关于以集中竞价交易方式回购公司股 份的议案》，同意公司使用自有资金或首次公开发行人民币普通股取得的超募资金 以集中竞价交易方式回购公司发行的人民币普通股（A 股），回购资金总额不低于 人民币 5 亿元 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% relative to the industry index within the next six months [12]. Core Insights - The company's energy storage business is experiencing rapid growth, with significant increases in both shipment volume and unit net profit, achieving historical highs in Q3 [2]. - The company is strategically focusing on high-profit markets in North America and is expected to see continued growth in its large-scale storage business in Q4 and beyond [2]. - The company emphasizes profitability in the photovoltaic market, with a focus on high-price markets, ensuring component profitability [2]. - A stock incentive plan was announced, reflecting confidence in future performance, with ambitious growth targets for net profit in the coming years [3]. - The company is projected to achieve revenues of 514 billion, 668.54 billion, and 815.93 billion yuan from 2024 to 2026, with net profits expected to grow significantly [3]. Financial Summary - For the first three quarters of 2024, the company reported revenues of 34.178 billion yuan, a year-on-year decrease of 12.63%, and a net profit of 1.955 billion yuan, down 31.17% year-on-year [1]. - In Q3 2024, the company achieved a revenue of 12.220 billion yuan, a year-on-year decrease of 6.10%, but a quarter-on-quarter increase of 8.34% in net profit [1]. - The company’s earnings per share (EPS) for 2024 is projected at 0.77 yuan, with a price-to-earnings (P/E) ratio of 19.5 [7].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase of over 15% compared to the CSI 300 index in the next six months [9]. Core Views - The company has demonstrated strategic consistency in its component business while achieving record profits in its energy storage segment. The company shipped 22.9 GW of components in the first three quarters of 2024, a slight increase from the previous year, with a third-quarter shipment of 8.4 GW, up 2.4% quarter-on-quarter [3][4]. - The energy storage business saw significant growth, with large-scale storage product shipments reaching 4.4 GWh in the first three quarters of 2024, and 1.8 GWh in the third quarter, both setting new quarterly records for shipment volume and unit net profit [3][4]. - The company maintains a stable gross margin of 14.96% for the first three quarters of 2024, with a third-quarter gross margin of 13.48%, reflecting a year-on-year increase of 1.80 percentage points [3][4]. - The company has set ambitious performance targets through its equity incentive plan, aiming for a net profit growth of 81% in 2024, 200% in 2025, and 239% in 2026, showcasing confidence in sustained growth [3][4]. Financial Summary - For the first three quarters of 2024, the company reported revenues of 341.78 billion yuan and a net profit attributable to shareholders of 19.55 billion yuan, with a third-quarter revenue of 122.20 billion yuan, reflecting a quarter-on-quarter decrease of 1.14% [3][4]. - The company’s projected net profits for 2024, 2025, and 2026 are 36.53 billion yuan, 48.05 billion yuan, and 62.22 billion yuan, respectively, maintaining the profit forecast for these years [3][4]. - The company’s total assets are projected to grow from 65.775 billion yuan in 2023 to 108.126 billion yuan by 2026, indicating a robust growth trajectory [7].

Investment Rating - The investment rating for the company is "Buy" with a maintained rating [1][2][7]. Core Views - The company reported a revenue of 34.2 billion RMB for the first three quarters of 2024, a year-on-year decrease of 13%, and a net profit attributable to shareholders of 1.955 billion RMB, down 31% year-on-year [1]. - The company has a strong order reserve in the energy storage sector, with approximately 66 GWh of orders as of the end of Q2, and expects to ship 6.5-7 GWh of large storage products in 2024, representing a year-on-year increase of over 500% [1][2]. - The company maintains a competitive edge in the module business through a "profit-first" strategy and a leading global production capacity, achieving a module shipment of 22.9 GW in the first three quarters of 2024, a slight increase year-on-year [2]. - The company has implemented an equity incentive plan for 2024-2026, reflecting confidence in future performance, with profit targets set at 2.75 billion RMB, 4.55 billion RMB, and 5.14 billion RMB for the respective years [2]. Summary by Sections Performance Overview - The company achieved a revenue of 342 billion RMB in the first three quarters of 2024, down 13% year-on-year, and a net profit of 19.55 billion RMB, down 31% year-on-year [1]. - In Q3 alone, the net profit was 7.16 billion RMB, a decrease of 22% year-on-year but an increase of 8% quarter-on-quarter [1]. Operational Analysis - The company has seen significant growth in its energy storage segment, with Q3 shipments reaching 1.8 GWh, marking a new quarterly high [1]. - The company has a robust order backlog, with signed contracts amounting to 2.6 billion USD, supporting anticipated growth in Q4 [1][2]. Profit Forecast and Valuation - The profit forecasts for 2024-2026 have been adjusted to 2.75 billion RMB (-27%), 3.99 billion RMB (-13%), and 4.85 billion RMB (-13%) respectively, with corresponding PE ratios of 20, 14, and 11 times [2][4]. - The company's strong performance in the energy storage sector validates its unique advantages in the solar storage business, justifying the "Buy" rating [2].

欢迎参加阿特斯2024年第三季度业绩说明会目前所有参会者均处于静音状态下面开始播报声明本次会议仅服务于邀请参会的广大投资者会议音频及文字记录的内容请供参会者内部使用不得公开发布阿特斯未授权任何媒体转发本次会议相关内容未经允许和授权的转载转发均属侵权阿特斯将保留追究其法律责任的权利 阿特斯不承担因转载转发而产生的任何损失和责任市场有风险投资需谨慎提醒广大投资者谨慎做出投资决策在会议开始前我们提示各位投资者在主讲嘉宾发言结束后将留有提问时间接下来有请公司领导发言谢谢好的谢谢大家上午好感谢大家参加阿特斯阳光电力集团股份有限公司 2024年第三季度业绩说明会我是公司董秘徐晓明请容许我介绍一下出席本次会议的公司管理层他们是公司董事长瞿晓华博士公司总裁庄岩先生以及公司财务总监高林红女士跟以往一样我们首先请瞿总给大家简单分享整个行业的一个情况 随后呢我们会请公司总裁庄总简单介绍公司前三季度的一个整体经营情况以及未来的一个战略情况最后呢我们会留有时间给大家进入这个交流环节那接下来呢请先请曲总给我们进行分享谢谢好谢谢小明大家上午好我是曲小华很高兴和大家交流那我在去年11月份呢 曾经创造了一个词汇叫做光复史上最强内卷正在进行时那 ...

证券代码：688472 证券简称：阿特斯 公告编号：2024-062 阿特斯阳光电力集团股份有限公司 关于公司提供授信担保的进展公告 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: 担保协议签署时间：2024 年 9 月 30 日至 2024 年 10 月 29 日 被担保人名称：阿特斯阳光电力集团股份有限公司（以下简称"公司"） 合并报表范围内下属子公司 为满足公司的生产经营和业务发展的需求，在确保运作规范和风险可控的前 提下，公司及合并报表范围内下属子公司在 2024 年 9 月 30 日至 2024 年 10 月 29 日期间，累计发生的授信担保金额为 7.14 亿元，占公司最近一期经审计净资 产的 3.33%。具体情况请参见附件一《阿特斯阳光电力集团股份有限公司 2024 年 9 月 30 日至 2024 年 10 月 29 日签署的授信担保明细》。 （二）担保履行的内部决策程序 公司于 2023 年 11 月 28 日召开第一届董事会第二十九次会议、于 2023 年 12 月 20 日召开 202 ...