证券代码：688472 证券简称：阿特斯 公告编号：2025-032 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：2025 年 5 月 30 日至 2025 年 6 月 27 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 2025 年 5 月 30 日至 2025 年 6 月 27 日期间，累计发生的授信担保金额为 2.00 亿元，占公司最近一期经审计净资产 的 0.87%。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 2025 年 5 月 30 日至 2025 年 6 月 27 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 2024 年 11 月 28 日召开第二届董事会第七次会议、于 2024 年 12 月 19 日召开 2024 年第二 ...

Core Viewpoint - The article emphasizes the importance of safety in the rapidly growing global energy storage industry, highlighting the extreme testing conducted by leading companies to validate the safety performance of their energy storage systems under severe conditions [1]. Group 1: Sunlight Power - Sunlight Power conducted the world's first large-scale combustion test of its PowerTitan1.0 system in June 2024, followed by a significant investment of 30 million for the PowerTitan2.0 test in November 2024 [1]. - The PowerTitan2.0 system withstood 25 hours and 43 minutes of continuous burning, demonstrating its robust protective capabilities and preventing fire spread [2]. - During extreme conditions, the system maintained structural integrity and prevented heat propagation, showcasing its excellent fire resistance and impact performance [3]. Group 2: BYD Energy Storage - BYD's MC Cube energy storage system underwent testing in December 2024, adhering to CSA TS-800 large-scale fire testing standards [6]. - The test revealed that while the internal temperature exceeded 1000℃, adjacent battery cabinets remained below 60℃, confirming the system's effective fire isolation design [6]. - The MC Cube demonstrated outstanding fire resistance and structural integrity, preventing fire spread and ensuring safety for personnel and the environment [6]. Group 3: Huawei Digital Energy - Huawei's intelligent string-type energy storage system was tested in December 2025, following international UL9540A standards with increased thermal runaway cell counts [7]. - The system effectively managed a scenario with 12 cells experiencing thermal runaway, utilizing innovative pressure and smoke management mechanisms to prevent combustion [8]. - The test confirmed the system's ability to maintain low temperatures in adjacent units, demonstrating its safety under extreme conditions [8]. Group 4: Hichain Energy Storage - Hichain's ∞Block 5MWh system was tested in June 2025 under UL9540A and NFPA855 standards, with open cabinet conditions to simulate extreme fire scenarios [9]. - The system successfully prevented heat propagation between cabinets even at temperatures exceeding 1300℃, validating its thermal isolation capabilities [10]. - The test confirmed the system's reliability and high safety standards without external fire protection [11]. Group 5: Canadian Solar - Canadian Solar's SolBank 3.0 system was tested in June 2025, adhering to CSA TS-800 standards for large-scale fire testing [12]. - The test demonstrated that the SolBank 3.0 effectively contained fire within the target unit, showcasing its superior passive fire protection design [13]. Group 6: Kelu - Kelu's Aqua C2.5 5MWh liquid-cooled energy storage system was tested in June 2025, following CSA TS-800 standards [14]. - The test involved a 59-hour continuous burn, with the internal temperature reaching 1300℃, yet the system maintained structural integrity and functionality [17]. - The Aqua C2.5 effectively prevented thermal runaway between units, proving its scalability for large energy storage stations [17]. Group 7: Ruipu Lanjun - Ruipu Lanjun's Powtrix® battery cabin was tested in June 2025 under CSA TS-800 extreme safety testing [18]. - The system endured approximately 14 hours of burning under severe conditions, demonstrating exceptional safety and reliability [18]. Group 8: Trina Storage - Trina's Elementa energy storage cabinet was tested in September 2024, following guidelines from the China Academy of Building Research [19]. - The test validated the effectiveness of the fire suppression systems and the overall safety of the energy storage design, with no signs of re-ignition after 24 hours [21].

中国经济网北京6月9日讯阿特斯(688472.SH)6月7日披露关于持股5%以下股东减持股份计划公告称，公 司收到股东无锡元禾重元优能创业投资合伙企业(有限合伙)(以下简称"元禾重元")出具的《减持计划告 知函》，因自身资金需求，元禾重元计划自公告披露之日起3个交易日后的3个月内，在符合法律法规规 定的减持前提下，通过集中竞价减持公司股份不超过36,882,173股，即不超过公司总股本1%；通过大宗 交易减持公司股份不超过73,764,346股，即不超过公司总股本2%。 阿特斯上市发行费用总额为27,792.86万元(行使超额配售选择权之前)；27,815.77万元(全额行使超额配售 选择权之后)。其中，中国国际金融股份有限公司、华泰联合证券有限责任公司、东吴证券股份有限公 司获得承销费及保荐费17,264.15万元。 | 股东名称 | 无锡元末重元优能创业投资合伙企业(有限合伙) | | --- | --- | | 计划减持数量 | 不超过:110.646,519 股 | | 计划减持比例 | 不超过:3% | | | 通过集中竞价减持不超过 1%; | | | 通过大宗交易减持不超过 2%。 | | 减持 ...

Group 1 - The Chinese government is enhancing its focus on state-owned enterprises, directing capital towards key industries related to national security and public services [2] - The Shanghai Stock Exchange is promoting higher dividend payouts and increased frequency of dividends among listed companies to enhance investment value [1] - The Ministry of Industry and Information Technology is pushing for the integration of artificial intelligence in manufacturing to accelerate smart upgrades in key industries [1] Group 2 - Vanke A announced that Shenzhen Metro Group plans to provide a loan of up to 3 billion yuan to the company [2] - Longi Green Energy's shareholder HHLR plans to reduce its stake by up to 0.5% [3] - BlueFocus Communication Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2][3]

证券代码：688472 证券简称：阿特斯 公告编号：2025-031 阿特斯阳光电力集团股份有限公司 关于持股 5%以下股东减持股份计划公告 本公司董事会、全体董事及相关股东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： ? 股东持股的基本情况 截至本公告披露日，阿特斯阳光电力集团股份有限公司（以下简称"公司" 或"阿特斯"或"发行人"）股东无锡元禾重元优能创业投资合伙企业（有限合 伙）（以下简称"元禾重元"）持有公司股份 131,770,537 股，占公司总股本的 上述股份来源于公司首次公开发行前取得的股份，并已于 2024 年 6 月 11 日解除限售并上市流通。 | 股东名称 | 无锡元禾重元优能创业投资合伙企业（有限合伙） | | --- | --- | | 控股股东、实控人及一致行动人 | □是 √否 | | 股东身份 直接持股 | 5%以上股东 □是 √否 | | 董事、监事和高级管理人员 | □是 √否 | | 其他：直接持股 | 5%以下股东 | | 持股数量 | 131,770,537股 | | 持股比例 | ...

证券代码：688472 证券简称：阿特斯 公告编号：2025-031 阿特斯阳光电力集团股份有限公司 关于持股 5%以下股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，阿特斯阳光电力集团股份有限公司（以下简称"公司" 或"阿特斯"或"发行人"）股东无锡元禾重元优能创业投资合伙企业（有限合 伙）（以下简称"元禾重元"）持有公司股份 131,770,537 股，占公司总股本的 3.57%。 上述股份来源于公司首次公开发行前取得的股份，并已于 2024 年 6 月 11 日解除限售并上市流通。 减持计划的主要内容 公司于今日收到元禾重元出具的《减持计划告知函》，因自身资金需求，元 禾重元计划自本公告披露之日起 3 个交易日后的 3 个月内，在符合法律法规规定 的减持前提下，通过集中竞价减持公司股份不超过 36,882,173 股，即不超过公 司总股本 1%；通过大宗交易减持公司股份不超过 73,764,346 股，即不超过公司 总股本 2%。 ...

Group 1 - The core viewpoint of the article is that the global energy storage industry is experiencing significant growth, with a projected increase in integrated shipment volumes from 418.3 GWh in 2024 to 550 GWh in 2025, representing a year-on-year growth of 92.7% [1][6]. Group 2 - In 2024, the top 30 companies in global energy storage system integration by shipment volume include Tesla, Sungrow, CRRC Zhuzhou Institute, CATL, Fluence, BYD, Envision Energy, Powin, Nextera, Guoxuan High-Tech, and others [4][5]. - The concentration ratio (CR10) for the top 10 companies in the energy storage system integration market is 64%, indicating a relatively low industry concentration due to the rapid growth phase and the influx of new entrants from various sectors such as photovoltaics, wind power, batteries, and traditional energy [6][8].

Core Insights - The global energy storage industry is experiencing rapid growth, with a projected shipment volume of 418.3 GWh in 2024, representing a year-on-year increase of 92.7%. The forecast for 2025 is set at 550 GWh [1]. Group 1: Market Overview - The top 30 companies in global energy storage system shipments for 2024 include Tesla, Sungrow, CRRC Zhuzhou Institute, CATL, Fluence, BYD, Envision Energy, Powin, Nextera, Guoxuan High-Tech, and others [4][5]. - The concentration ratio (CR10) for the global energy storage system integration market is 64%, indicating a relatively low level of market concentration. This is attributed to the high growth phase of the energy storage integration segment, which is a key battleground for new entrants from various sectors including solar, wind, batteries, and traditional energy [6]. Group 2: Industry Dynamics - The energy storage industry is characterized by intense competition, with numerous new entrants emerging as the market expands. This competitive landscape is expected to intensify in the future [6].

Group 1 - The company disclosed its investor relations activities, including participation in performance briefings and roadshows, with significant interest from institutions regarding its energy storage business progress [1] - For Q2 2025, the company expects module shipments to be between 7.5-8.0 GW, with an annual forecast of 25-30 GW, balancing price and volume considerations [1] - The company anticipates energy storage system shipments of 2.4-2.6 GWh for Q2 2025, with an annual estimate of 7.0-9.0 GWh, adjusting expectations due to uncertainties in tariffs [1] Group 2 - The company has approximately 91 GWh of energy storage system orders as of March 31, 2025, with a signed contract value of $3.2 billion, indicating strong future order support [2] - The company noted that the current tariff policies have eased, allowing for better order arrangements and normal shipment levels in markets outside the U.S. [2] - The company highlighted that the profitability of large-scale energy storage is influenced by upstream cell prices and downstream demand, with healthy margins in markets like the U.S., Canada, and the EU [2] Group 3 - The company recognizes high entry barriers in system integration compared to hardware sales, emphasizing the need for localized technical support and long-term service capabilities [3] - The company is cautious about domestic capacity expansion in the current photovoltaic market, focusing on optimizing capacity structure towards energy storage and high-profit overseas markets [3] - The company continues to invest in R&D for various technology routes, prioritizing commercial value during the industry's consolidation phase [3]

Industry Overview - The photovoltaic market is experiencing intensified competition, leading to significant price declines and many companies facing losses upon production commencement due to rapid capacity expansion causing supply-demand mismatches [1][4] - The industry is currently in a deep adjustment phase, with overall operating rates declining and over 140,000 employees laid off across 109 listed photovoltaic companies last year [1] Company Insights - Major companies in the Baotou equipment manufacturing industrial park include Hongyuan New Materials, Baotou Canadian Solar, and Baotou JA Solar, primarily focusing on upstream processes like crystal pulling and slicing [1][5] - Despite claims of maintaining operational rates, some companies report significant reductions in workforce and production lines due to decreased orders, with some factories experiencing shutdowns [1][9] Employee Conditions - Employees report reduced wages and job insecurity, with some stating that salaries have dropped from over 10,000 yuan to as low as 3,000 yuan, reflecting the industry's downturn [2][3] - Workers face strict conditions regarding working hours and pay, with deductions for insufficient attendance, leading to a high turnover rate as employees leave for better opportunities [2][3] Market Dynamics - The operating rates for leading companies in the silicon wafer sector are reported at 50% to 56%, while integrated companies range from 56% to 80%, indicating a general decline in production capacity [5][10] - The overall market demand is expected to decrease, which may lead to further fluctuations in operating rates and continued layoffs in the sector [5][10] Economic Impact - The decline in the photovoltaic industry has adversely affected surrounding businesses, with local commercial areas experiencing reduced foot traffic and sales due to lower employee wages and numbers [12][15] - The ripple effect of production halts is impacting service industries, with many restaurants and shops reporting significant drops in revenue and some even closing down [12][15][16] Future Outlook - Analysts suggest that improving supply-demand dynamics, policy support, and industry self-regulation could help stabilize the industry and employee wages, but short-term solutions remain elusive [16]