阿特斯阳光电力集团股份有限公司 2024年度内部控制评价报告 阿特斯阳光电力集团股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 公司代码：688472 公司简称：阿特斯 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的 ...

阿特斯阳光电力集团股份有限公司董事会 2025 年 4 月 25 日 2024 年度关于独立董事独立性评估的专项意见 经核查公司独立董事邵军、CHA YANG（查扬）、杜玉扣的兼职、任 职情况以及其签署的独立性自查情况报告，上述人员除在公司担任独立董 事外，不存在在公司任职以及在公司主要股东单位任职的情形，与公司以 及主要股东之间不存在利害关系、重大业务往来或其他可能妨碍其独立性 的关系。因此，董事会认为公司独立董事符合《上市公司独立董事管理办 法》《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》 中对独立董事独立性的相关要求。 阿特斯阳光电力集团股份有限公司董事会 根据中国证监会《上市公司独立董事管理办法》《上海证券交易所科 创板股票上市规则》《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》等相关要求，阿特斯阳光电力集团股份有限公司（以下 简称"公司"）董事会，就公司独立董事邵军、CHA YANG（查扬）、杜 玉扣的独立性情况进行评估并出具如下专项意见： ...

证券研究报告 电力设备与新能源 光伏:东南亚双反终裁落地，税率提升 华泰研究 2025 年 4 月 22 日│中国内地 动态点评 | 研究员 | 申建国 | | --- | --- | | SAC No. S0570522020002 | shenjianguo@htsc.com | | SFC No. BSK177 | +(86) 755 8249 2388 | | 研究员 | 边文姣 | | SAC No. S0570518110004 | bianwenjiao@htsc.com | | SFC No. BSJ399 | +(86) 755 8277 6411 | | 研究员 | 周敦伟 | | SAC No. S0570522120001 | zhoudunwei@htsc.com | | SFC No. BVE697 | +(86) 21 2897 2228 | 行业走势图 (18) (9) 1 10 19 Apr-24 Aug-24 Dec-24 Apr-25 (%) 电力设备与新能源 沪深300 资料来源：Wind，华泰研究 重点推荐 | | | 目标价 | | | --- | --- | -- ...

光伏股普遍走高，诺凡麦涨15.35%，第一太阳能涨超12.6%，SolarEdge涨超8.4%，阿特斯太阳能ADR 涨超5.3%，太阳能ETF涨超4.7%，FTC Solar涨约4.1%，光伏逆变器供应商Enphase Energy涨约3%表现 靠后。 | 诺凡麦 | 0.2074 | +0.0276 (+15.35%) | 380.62万股 | 2594.20万 | -93.95% | | | --- | --- | --- | --- | --- | --- | --- | | us NOVA | | | | | | | | 第一太阳能 | 137.96 | +15.51 (+12.66%) | 382.24万股 | 147.94亿 | -21.72% | == | | us FSLR | | | | | | | | Solaredge | 13.12 | +1.02 (+8.43%) | 193.37万股 | 7.75亿 | -3.53% | [] ··· | | us SEDG | | | | | | | | Sunrun | 6.97 | +0.41 (+6.16%) | 277.64万股 | 15 ...

Core Viewpoint - The energy storage industry is experiencing a surge in demand driven by policy changes, market competition, and the expansion of overseas markets, leading to a situation where production lines are operating at full capacity despite an overall industry overcapacity issue [5][6][36]. Group 1: Industry Demand and Policy Impact - The energy storage sector has expanded rapidly, with planned production capacity in China exceeding 1000 GWh for 2024, but actual shipments only reaching 300 GWh, resulting in a utilization rate of less than 35% [4]. - The release of document No. 136 has created urgency among renewable energy developers to complete projects before the June 2025 deadline, leading to a spike in energy storage demand [5][6]. - Twelve provinces in China have issued clear targets for energy storage projects, totaling over 30 GW/80 GWh [7]. Group 2: International Market Opportunities - Domestic energy storage companies are securing significant orders in international markets due to their advanced technology and cost-effective products [8]. - Notable orders include a record 19 GWh from CATL in the Middle East, showcasing the growing international demand for energy storage solutions [9]. Group 3: Corporate Strategies and Production Expansion - Major companies are proactively securing supply agreements for battery materials to ensure timely delivery and production [21]. - CATL has signed multiple agreements to expand production capacity, including a 40 GWh battery production project in Fuzhou and a 25 GWh project in Fuding [25][26]. - EVE Energy is also expanding its production capabilities with a new factory in Jingmen, planning a total capacity of 60 GWh [28]. Group 4: Emerging Market Segments - The demand for energy storage in data centers is becoming a new growth point, driven by the increasing need for clean energy solutions to support high-density computing facilities [11][19]. - The global market for data center energy storage lithium batteries is expected to grow significantly, with shipments projected to exceed 69 GWh by 2027 and reach 300 GWh by 2030 [18]. Group 5: Industry Challenges and Future Outlook - Despite the current demand surge, the industry faces potential overcapacity issues due to some companies expanding production without considering actual market needs [36][38]. - Experts emphasize the importance of focusing on technological innovation and product quality to avoid falling into the trap of excess capacity [39][40].

Investment Rating - The report maintains a "Buy" rating for several companies, including Aishuo Co., Longi Green Energy, and others, with ratings ranging from A to B [1][8]. Core Insights - The solar industry is experiencing structural price increases in the supply chain, influenced by recent events such as the earthquake in Myanmar affecting silicon wafer production [1][6]. - The utilization rate of photovoltaic (PV) systems in February 2025 was reported at 93.4%, indicating strong performance in the sector [2][3]. - The Chinese government is enhancing policies for renewable energy pricing, aiming to optimize market mechanisms for electricity transactions [1][2]. Summary by Sections Investment Recommendations - Key stocks recommended for investment include Aishuo Co. and Longi Green Energy for new technology, and companies like Fulete and Hongdian Dongci for supply-side improvements [1][8]. Market Performance - The report notes that the solar industry has shown resilience, with a significant number of new PV projects being registered, totaling 4,000 in February 2025 [2][3]. Price Tracking - The average price of polysilicon remains stable at 40.0 CNY/kg, while silicon wafer prices have seen slight increases due to supply chain disruptions [4][6][7]. - The average price for M10 solar cells is reported at 0.31 CNY/W, with expectations for further price increases due to rising demand [7]. Policy Developments - The National Energy Administration has issued guidelines for renewable energy green power certificate issuance, which will impact the market dynamics for renewable energy projects [3].

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。 证券代码：688472 证券简称：阿特斯 公告编号：2025-012 阿特斯阳光电力集团股份有限公司 关于以集中竞价交易方式回购股份的进展公告 重要内容提示： | 回购方案首次披露日 | 2024/11/30 | | --- | --- | | 回购方案实施期限 | 股东大会审议通过后 个月 12 | | 预计回购金额 | 亿元~10 亿元 5 | | 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 | 万股 1,431.46 | | 累计已回购股数占总股本比例 | 0.39% | | 累计已回购金额 | 万元 15,354.40 | | 实际回购价格区间 | 元/股~11.33 元/股 10.23 | 一、 回购股份的基本情况 2024 年 12 月 19 日，公司召开 2024 年第二次临时股东大会，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 ...

Investment Rating - The report maintains a "Synchronize with the market - A" rating for the solar energy industry [2]. Core Viewpoints - In the first two months of 2025, the domestic photovoltaic (PV) installed capacity reached approximately 39.47 GW, representing a year-on-year growth of 7.5%, although it saw a month-on-month decline of 44.2% compared to December 2024 [12][2]. - The export value of PV components in January and February 2025 was 164.6 billion and 119.6 billion respectively, showing a year-on-year decline of 31.6% for the cumulative export value [15][3]. - The solar power generation in the first two months of 2025 increased by 27.4% year-on-year, accounting for 4.85% of the total national power generation [37][5]. Summary by Sections 1. Installed Capacity - The domestic PV installed capacity for January and February 2025 was approximately 39.47 GW, with a year-on-year increase of 7.5% and a month-on-month decrease of 44.2% [12][2]. 2. Exports - The export value of PV components in January and February 2025 was 164.6 billion and 119.6 billion respectively, with year-on-year declines of 24.1% and 39.8% [15][3]. - The cumulative export value for the first two months was 284.2 billion, reflecting a year-on-year decrease of 31.6% [15][3]. 3. Inverter Exports - In January and February 2025, the inverter export value was 44.1 billion and 32.6 billion respectively, with year-on-year increases of 9.7% and 2.5% [26][4]. - The cumulative export value for inverters in the first two months was 76.7 billion, showing a year-on-year growth of 6.5% [26][4]. 4. Solar Power Generation - The solar power generation in the first two months of 2025 was 724.1 billion kWh, marking a year-on-year increase of 27.4% [37][5]. - This generation accounted for 4.85% of the total national power generation, which was 14,921 billion kWh, reflecting a year-on-year decrease of 1.3% [37][5]. 5. Investment Recommendations - Key recommendations include focusing on new technology directions with companies like Aiko Solar and Longi Green Energy, supply-side improvements with companies like Flat Glass Group, and overseas expansion with companies such as Hengdian Group and Sungrow Power Supply [41][5].

证券代码：688472 证券简称：阿特斯 公告编号：2025-011 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。 阿特斯阳光电力集团股份有限公司 重要内容提示: 关于公司提供授信担保的进展公告 担保协议签署时间：2025 年 2 月 28 日至 2025 年 3 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 本期授信担保发生额：折合人民币 14 亿元 被担保人中无公司关联方 本次担保：公司及合并报表范围内下属子公司为上述下属子公司向金融 机构申请贷款、开立保函或备用信用证等提供担保，担保金额为 14 亿元。截至 本公告披露日，公司对合并报表范围内下属子公司因授信业务提供的担保余额为 437.81 亿元，占公司最近一期经审计净资产的 204.41%。 一、担保情况概述 （一）本期新增担保情况 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 2 月 28 日至 2025 年 3 月 27 日 ...

证券代码：688472 证券简称：阿特斯 公告编号：2025-010 阿特斯阳光电力集团股份有限公司 关于自愿披露公司控股股东 2024 年第四季度、2024 年全年 业绩以及 2025 年第一季度、2025 年度经营展望的公告 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： Canadian Solar Inc.,（阿特斯集团，股票代码：CSIQ，以下简称"CSIQ"） 为阿特斯阳光电力集团股份有限公司（以下简称"公司"）的控股股东，系一 家于美国 NASDAQ 证券交易所上市的公司。CSIQ 于北京时间 2025 年 3 月 25 日在美国披露了 2024 年第四季度、2024 年全年业绩以及 2025 年第一季度、 2025 年度经营展望等信息。截至本公告披露日，CSIQ 直接持有公司 62.24% 的股权。 本公告中 CSIQ 2024 年第四季度、2024 年全年财务数据，以及 2025 年第一 季度、2025 年度经营展望预测数据，系 CSIQ 按照美国会计准则编制，因使 用的会计准则不同、外汇 ...