明冠新材公告，公司决定终止投资建设肥东县 太阳能 背板及功能性膜生产基地项目。该项目总投资预 计50亿元，公司已设立全资子公司明冠新材料（合肥）有限公司进行实施，子公司注册资本为1亿元。 公司于2026年2月6日召开了第五届董事会第四次会议，审议通过了终止投资建设该项目的议案。终止投 资的原因是 光伏行业出现产能过剩，产业链产品价格竞争加剧，行业处于产业调整周期，2024年和 2025年度出现光伏行业普遍亏损。公司管理层考虑行业内卷导致光伏封装材料盈利能力逐步下降，若继 续推进该项目，将推高公司整体运营成本。 ...

证券代码：688560 证券简称：明冠新材 公告编号：2026-005 明冠新材料股份有限公司 关于公司为全资子公司银行融资授信提供担保的公告 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： 担保对象及基本情况 | 被担保人 | 本次担保金额 | 实际为其提供的 担保余额（不含本 | | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | | 名称 | | 次担保金额） | | 预计额度内 | 否有反担保 | | 江西明冠 | | | | | | | 锂膜技术 | 13,000.00 万元 | 0.00 | 万元 | 否 | 否 | | 有限公司 | | | | | | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0.00 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 15,167.74 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 5.53 | | 特别风险提示（如 ...

关于终止项目投资协议的公告 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。 证券代码：688560 证券简称：明冠新材 公告编号：2026-004 明冠新材料股份有限公司 重要内容提示： | 投资标的名称 | 太阳能背板及功能性膜生产基地项目 | | | --- | --- | --- | | 投资金额 | 项目总投资预计50亿元，公司已设立全资子 公司明冠新材料（合肥）有限公司进行实施 该项目的投资、建设和运营，子公司注册资 | | | | 本为1亿元。 | | | 投资进展情况 | 完成 交易要素变更 | 终止 | | 特别风险提示 | 目前公司正积极配合肥东县政府办理定制 | | | | 物业的竣工验收等后续工作；同时公司将严 | | | | 格按照相关法律、法规及规范性文件的要 | | | | 求，及时履行信息披露义务，敬请广大投资 | | | | 者注意投资风险。 | | 明冠新材料股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日召开了 第五届董事会第四次会议，审议通过了《关于终止投资建设肥 ...

证券代码：688560 证券简称：明冠新材 公告编号：2026-006 明冠新材料股份有限公司 关于召开2026年第一次临时股东会的通知 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。 重要内容提示： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第一次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2026 年 3 月 6 日 14 点 30 分 召开地点：江西省宜春市宜春经济技术开发区经发大道 32 号公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 3 月 6 日 至2026 年 3 月 6 日 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 ...

（记者 王晓波） 截至本公告披露日，公司及控股子公司对外担保总额为人民币约1.52亿元，占公司最近一期经审计净资 产及总资产的比例为5.53%、5.18%。 每经头条（nbdtoutiao）——爱泼斯坦案再爆新料：多名政商大佬被点名；OpenClaw横空出世！专家警 告你的世界正被"接管"；SpaceX吞并xAI，特斯拉股东怒斥 每经AI快讯，明冠新材2月8日晚间发布公告称，公司的全资子公司江西明冠锂膜技术有限公司（以下 简称"明冠锂膜"）拟向银行申请融资授信，为支持全资子公司的经营和发展需求，公司拟为明冠锂膜银 行融资授信提供不超过人民币1.3亿元的担保，并授权公司及子公司管理层负责实施。 公司不收取明冠锂膜担保费用，也不要求明冠锂膜向公司提供反担保。 2026年2月6日，公司召开第五届董事会第四次会议全体董事审议通过了《关于公司为全资子公司银行融 资授信提供担保的议案》，同意为全资子公司江西明冠锂膜技术有限公司银行融资授信提供不超过人民 币1.3亿元的担保。本议案无需提交股东会审议。 ...

Core Viewpoint - The company has decided to terminate the investment in the solar backsheet and functional film production base project in Feidong County due to declining profitability in the photovoltaic packaging materials sector and anticipated intensified competition by 2025 [1] Group 1: Project Termination - The company's board has agreed to terminate the project, pending approval from the shareholders' meeting [1] - The decision was made after careful analysis of market changes and the impact of industry competition on profitability [1] - The company reached an amicable agreement with the Feidong County government to terminate the project without any claims or liabilities from either party [1] Group 2: Market Conditions - The industry is experiencing increasing competition, leading to a gradual decline in profitability for photovoltaic packaging materials [1] - By 2025, the competition is expected to become more intense, and there is no clear indication of improvement in the cyclical adjustments within the industry [1] - Continuing with the project would likely increase the company's overall operational costs [1]

Core Viewpoint - The photovoltaic industry is experiencing signs of overcapacity and intensified price competition, leading to an industry adjustment cycle with expected widespread losses in 2024 and 2025. The company has decided to terminate the Mingguan Hefei project due to declining profitability and rising operational costs associated with ongoing industry competition [1]. Group 1: Industry Overview - The photovoltaic industry is entering a period of overcapacity, with increased price competition among products [1]. - The industry is expected to face widespread losses in 2024 and 2025 due to intensified competition and cyclical adjustments [1]. Group 2: Company Actions - The company has reached an agreement with the Hefei Dong government to terminate the Mingguan Hefei project, which includes the production of solar backplanes and functional films [1]. - The decision to terminate the project was made after careful analysis of market changes and the potential for increased operational costs if the project continued [1]. Group 3: Project Details - The Mingguan Hefei project was initially approved with a total investment of 5 billion yuan, planned to be implemented in two phases, with the first phase aimed at producing 300 million square meters of solar backplanes and 200 million square meters of functional films [2]. - As of now, the project has not commenced equipment installation, and the company has incurred costs related to preliminary project activities totaling approximately 1.63 million yuan [3].

截至目前，明冠合肥项目尚未开展设备安装，公司参与了第一期项目的土建控制价审核、地勘、设计、 文件编制、公辅预算编制事项，已累计投入1,634,149.49元(不含税)。预计项目待付尾款为87.16万元(含 税)，其中设计费用尾款80万元，地勘费用尾款3万元，公辅预算编制费用尾款4.16万元；具体金额以实 际支付为准。 公司于2023年1月31日召开了第四届董事会第八次会议、第四届监事会第七次会议，于2023年2月16日召 开了2023年第一次临时股东大会，审议通过了《关于公司拟与肥东县人民政府签订项目投资协议暨对外 投资的议案》，同意公司与肥东县人民政府签署《太阳能背板及功能性膜生产基地项目投资合作协议》 投资建设"太阳能背板及功能性膜生产基地项目"(以下简称"明冠合肥项目")。公司设立全资子公司明冠 新材料(合肥)有限公司实施该项目的投资、建设和运营，子公司注册资本为1亿元。该项目总投资预计 50亿元，计划分两期实施，其中一期建设年产3亿平米太阳能背板及2亿平米功能性膜；二期根据一期建 设运营情况适时启动。 明冠合肥项目于2023年2月签约后，第一期项目厂房及基础设施由政府代建和公司租售的方式实施，基 础设 ...

Core Viewpoint - Elon Musk's recent statements and activities have significantly influenced the A-share photovoltaic sector, leading to a surge in stock prices for various companies in this industry [2][3][5]. Group 1: Market Reaction - On January 23, 2026, 24 photovoltaic stocks reached their daily limit up, with the photovoltaic index rising by 7.46%, outperforming the overall market [2]. - Following Musk's remarks about the potential of solar energy in China, several companies, including JinkoSolar and TCL Zhonghuan, saw their stock prices rapidly increase [3][6]. - The A-share photovoltaic sector experienced a collective surge, with stocks like Aotaiwei and Maiwei doubling in price over a two-month period [6]. Group 2: Industry Fundamentals - Despite the recent stock price increases, many photovoltaic companies are still facing financial difficulties, with nearly 70% of 75 companies reporting losses for 2025 [4]. - The photovoltaic industry is currently at a low point, and while some companies are seeing a narrowing of losses, this has not translated into positive market sentiment [4][12]. - The concept of "space photovoltaics" has emerged as a potential new growth area for the industry, driven by the need for new market opportunities amid intense competition in ground-based solar energy [10][13]. Group 3: Future Prospects - Analysts predict that the space photovoltaic market could reach significant sizes, with estimates suggesting a potential market space of 200 billion yuan if 10,000 satellites are launched annually [10]. - Musk's exploration of Chinese photovoltaic companies signals a demand for support from the Chinese supply chain for his space energy ambitions [10][12]. - The push for space photovoltaics may compel companies to focus on new technologies and product quality, potentially leading to a return to value development in the industry [14].

Investment Rating - The report suggests focusing on companies benefiting from supply-side reforms, technological iterations, and marginal changes in demand expectations, with a long-term view on efficient technologies and leading companies in the industry [4] Core Insights - The photovoltaic equipment industry index decreased by 6.19% during the week of January 26 to January 30, 2026, underperforming the broader market index by 5.18 percentage points [12][14] - Key companies in the photovoltaic equipment sector showed varied performance, with notable gains from Yamaton, Jincheng Co., and others, while significant losses were observed in Mingguan New Materials and others [17] - The report highlights the stability in prices of key materials such as silicon, wafers, and batteries, with slight increases in component prices [19] Summary by Sections Market Performance - The Shanghai Composite Index increased by 0.08%, while the photovoltaic equipment industry index fell by 6.19%, indicating a challenging week for the sector [12][14] Industry Chain Price Trends - As of January 21, 2026, the prices for key materials were as follows: silicon at 59 CNY/kg, wafers at 1.50 CNY/piece, batteries at 0.42 CNY/W, and components at 0.81 CNY/W, with a slight increase in component prices [19] Industry News - Guangdong province is advancing offshore photovoltaic construction as part of its action plan for high-quality marine economic development, promoting the integration of offshore wind and photovoltaic projects [26] - The National Energy Administration announced that by 2025, the country expects to add over 430 million kW of wind and solar capacity, with significant investments in renewable energy projects [27][28]