每经记者｜杨煜 每经编辑｜董兴生 你愿意"内卷"吗？对多数人来说，答案应该是否定的。"内卷"已超越一般语境下的竞争，甚至让努力与创新失去了应有的收益。但事与愿违，从个人到企业 再到产业，"内卷"正在一次又一次上演。 近期，多次中央级会议指出，要防止、综合整治"内卷式"恶性竞争，反不正当竞争法也于近期修订通过。然而，在此之前，"内卷式"竞争为何停不下来？7 月19日，多位企业家与经济学家做客央视财经《对话》栏目，《每日经济新闻》总编辑梁现瑞受邀参与对话，共同追问这一时代命题与系统困境。 图片来源：《对话》栏目供图 破"内卷"，要靠企业创新之刃，也离不开政府治理的完善。 如果要问当下最严重的"内卷"在哪里，光伏行业恐怕"不遑多让"。 作为国家的战略新兴产业，国内光伏行业的专利数量、产业水平、市场占有率均全球领先，但行业却陷入严重的"内卷"式竞争。2024年，行业主产业链企业 整体亏损超600亿元，且至今难以靠市场行为走出"内卷"困境。 高纪凡坦言，这些年行业"卷"成本、"卷"技术、"卷"市场，所有的进步看起来都有用，但并没有给企业带来新的利润增长。"你'卷'得越快，实际上利润空间 压缩得越严重，甚至进入亏损的速度 ...

| 证券代码：688599 | 证券简称：天合光能 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：118031 | 转债简称：天 23 转债 | | 上市公司所处的当事人地位：天合光能股份有限公司（以下简称"公司"） 为被告。 天合光能股份有限公司 关于仲裁进展的公告 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： 案件所处的仲裁阶段：已达成和解并将在协议签署后短期内终止仲裁。 和解结果：公司与原告 SHARP CORPORATION（以下简称"SHARP"）就相 关争议达成和解并签署了可执行的框架和解协议，并将在协议签署后短期内终止 仲裁。 是否会对公司损益产生负面影响：本次和解协议的履行预计不会对公司 2025 年度归属于母公司所有者净利润构成重大影响（预计不超过公司上一年度 经审计的归属于母公司所有者净利润绝对值的 5%），公司将依据会计准则和后 续执行情况进行相应的会计处理，最终实际影响以经会计师事务所审计的结果为 准。本次仲裁和解事项不会对公司财务状况和 ...

Core Viewpoint - This week, 10 listed companies announced share buybacks and increases in shareholdings, with notable mention of Three Gorges Energy's controlling shareholder receiving a loan commitment of up to 2.7 billion yuan specifically for increasing its stake in the company [1][2]. Group 1: Companies Announcing Buybacks or Increases - Chongqing Pharmaceutical Holdings plans to repurchase shares worth 80 million to 100 million yuan, with a loan not exceeding 90 million yuan [2]. - Antong Holdings intends to increase its shareholding by 360 million to 720 million yuan [2]. - Renfu Pharmaceutical's shareholder received a loan commitment of 750 million yuan [2]. - ST Kelly's shareholder plans to increase its stake by no less than 14.39 million shares [2]. - Trina Solar has obtained a special loan commitment for stock repurchase [2]. - Suobede plans to repurchase shares worth 20 million to 30 million yuan for cancellation [2]. - Yanpai Co.'s controlling shareholder's concerted actor intends to increase holdings by 17 million to 34 million yuan [2]. - Hisense Home Appliances plans to continue increasing its holdings by 6.93 million to 13.86 million shares [2]. - Three Gorges Energy's controlling shareholder received a loan commitment of 2.7 billion yuan for shareholding increase [2]. - Xishan Technology's controlling shareholder plans to increase holdings by no less than 5 million yuan and no more than 10 million yuan [2].

Group 1 - The core finding of the report indicates that the top ten global solar photovoltaic module manufacturers are expected to ship a record 500 GW in 2024, nearly double the previous year's volume, despite these leading companies collectively incurring a loss of $4 billion [1] - The report highlights that these top manufacturers account for 62% of global production capacity and 89% of module shipments, showcasing a high level of industry concentration [1] - The ranking includes manufacturers from over 10 countries, with Jinko Solar leading the list with a score of 90.6, followed closely by JA Solar and LONGi Green Energy [2] Group 2 - Geographic expansion is identified as a key strategy to address trade challenges, with China remaining the dominant player in solar module manufacturing, while emerging competitors like India, South Korea, and Vietnam are rapidly closing the gap [3] - The report emphasizes a continuing trend of vertical integration among manufacturers, with a focus on upstream control, as top module producers increasingly integrate battery production into their operations [3] - Several companies are accelerating investments in wafer manufacturing, reflecting the industry's shift towards comprehensive vertical integration [3]

行家说储能 日前，行家说储能报道了两个工商业储能项目的落地（ 点这里 ）；近日又有4家企业公布储能项目最新进展，涉及天合光能、海尔新能源、奇点能源、科华 数能。值得注意的是，企业越来越强调对于储能项目的响应速度、交付效率以及服务能力。 ▋ 天合光能：300MWh海外项目2个月投运 近日，由天合储能供货，AMEA Power投资与浙江火电共同建设的埃及Abydos大型储能电站项目成功并网投运， 项目从设备进场吊装到并网，天合光能仅用2个 月。 该项目的核心是海尔新能源全栈自研的"智储星盘"AI云平台，其能根据实时天气、电价、用电负荷等数据，智能优化充放电策略，达成能源"自发自用、余电上 网"的闭环管理。经海尔新能源测算，平均每年降低约30%的电费支出，15年总综合收益超2800万元。 值得一提的是，今年4月海尔新能源获得A轮超7亿元的融资。此外，除了在国内市场公开多个储能项目落地外；海尔新能源也在加速海外市场储能布局，此 前公布了与 德国工商业储能领域的专业服务商Cell Mind GmbH、法国巴黎银行个人金融集团 (BNP Paribas Personal Finance)、荷兰专业渠道商GL Link、欧 ...

印度可再生能源独立发电商（ IPP ） ACME Solar 已向两家中国储能系统集成商下达电池储能 系统项目订单。该公司 7 月 7 日宣布，已向天合储能和南都电源采购超过 3.1 GWh储能设备， 并称这是印度迄今规模最大的电池储能采购项目之一。 文 | 中关村储能产业技术联盟 印度4GWh光伏储能项目招标！强制配储新政下，中国企业的机遇与布局 5GWh印度储能系统项目合作！楚能国际化进程再加速 联盟官微 关注政策、项目、企业、市场活动 联盟官方小秘书 虽然未透露具体订单分配比例，但 ACME Solar 表示设备将在未来 4 至 8 个月内分阶段交 付，这些项目计划在未来 12 至 18 个月内于印度多个邦投产。公司透露，电池储能设备主要用 于多个 " 稳定可调度可再生能源 " （ FDRE ）项目及其他含储能装置的工程。 相关阅读 南都电源签约印度1.4GWh储能大单 FDRE 是印度全国性机构与地方组织联合招标的三大清洁能源配储项目类型之一，招标方包括印 度太阳能公司（ SECI ）、印度国家电力集团（ NTPC ）等国有发电企业及区域电力采购分销 商。据印度储能联盟（ IESA ）主席 Debma ...

Group 1 - The company has approved a share repurchase plan using its own funds through centralized bidding, with a maximum repurchase price of RMB 31.00 per share and a total repurchase amount between RMB 1 billion and RMB 1.2 billion, to be completed within 12 months [1] - As of June 30, 2025, the company has repurchased 15,315,910 shares, accounting for 0.70% of the total share capital, with a total expenditure of RMB 252,957,449.12, at prices ranging from RMB 13.64 to RMB 24.91 per share [2] - The company has obtained a loan commitment letter from China Bank, which allows for financing support for the share repurchase, with a loan amount not exceeding RMB 300 million [3] Group 2 - The repurchase plan's implementation period has been extended by 9 months, and the funding sources have been adjusted to include both self-owned and self-raised funds, while other details remain unchanged [2] - The company will adhere to relevant laws and regulations during the repurchase period and will disclose progress to investors [3]

Core Viewpoint - The photovoltaic industry is facing severe price competition, leading to significant losses for companies, prompting a call for "anti-involution" measures to ensure sustainable development and product quality improvement [1][3][10]. Industry Overview - The Central Economic Committee has mandated the regulation of low-price competition in the photovoltaic sector, aiming to enhance product quality and facilitate the exit of outdated production capacity [1][10]. - The photovoltaic sector has seen a strong rebound in stock prices since early July, with companies like Tongwei Co., Ltd. and Longi Green Energy experiencing significant gains [1]. Financial Performance - Longi Green Energy reported a revenue of 82.58 billion yuan in 2024, a year-on-year decline of 36.23%, with losses exceeding 8.6 billion yuan, marking a staggering drop of 180.15% [3][6]. - The gross margin for Longi's silicon wafer and rod segments was reported at -14.31%, a decline of 30.19%, while the module and battery segments had a gross margin of only 6.27%, down 12.11% [5][6]. Market Dynamics - The photovoltaic industry is experiencing a supply-demand imbalance, leading to excessive competition and price drops that have resulted in many companies operating at a loss [3][7]. - The price of photovoltaic glass has significantly decreased, with a 24% drop for 2.0mm glass and an 18% drop for 3.2mm glass expected in the first half of 2025 [7][10]. Production Adjustments - In response to the ongoing price competition, major photovoltaic glass manufacturers have agreed to collectively reduce production by 30% starting in July [8][10]. - Many silicon wafer manufacturers are also planning to cut their operating rates by approximately 40% to mitigate losses and stabilize prices [10]. Regulatory Response - The manufacturing sector's recent meetings have emphasized the need for comprehensive governance of low-price competition and the promotion of product quality to achieve healthy and sustainable industry growth [1][10].

证券代码：688599 证券简称：天合光能 公告编号：2025-078 转债代码：118031 转债简称：天 23 转债 天合光能股份有限公司 一、副总经理离任情况 （一）提前离任的基本情况 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。 重要内容提示： 天合光能股份有限公司（以下简称"公司"）副总经理丁华章先生因工作调 动原因不再担任公司副总经理一职，调整后丁华章先生继续在公司子公司天合富 家能源股份有限公司（以下简称"天合富家"）担任董事的同时，还拟进一步担 任天合富家的副总经理，并将聚焦于天合富家的运营管理工作。同时，公司聘任 财务负责人吴森先生为公司副总经理，任期自本次董事会审议通过之日起至第三 届董事会任期届满之日止。 是否继续在 原定任 是否存在未 离任时 公司及其控 姓名 离任职务 期到期 离任原因 具体职务 履行完毕的 间 股子公司任 日 公开承诺 关于变更公司副总经理的公告 《天 合光能股份有限公司章程》等有关规定，公司于 2025 年 7 月 8 日召开第三届董 事会第三十二次会议，审议通过了《关于变更公司 ...

天合光能股份有限公司 期货和衍生品交易管理制度 第一章 总则 （五）根据生产经营计划，对拟履行进出口合同中涉及的预期收付汇进 行套期保值； （六）根据投资融资计划，对拟发生或已发生的外币投资或资产、融资 或负债、浮动利率计息负债的本息偿还进行套期保值； （七）上海证券交易所认定的其他情形。 （一）对已持有的现货库存进行卖出套期保值； （二）对已签订的固定价格的购销合同进行套期保值，包括对原材料采 购合同进行空头套期保值、对产成品销售合同进行多头套期保值，对已 定价贸易合同进行与合同方向相反的套期保值； （三）对已签订的浮动价格的购销合同进行套期保值，包括对原材料采 购合同进行多头套期保值、对产成品销售合同进行空头套期保值，对浮 动价格贸易合同进行与合同方向相同的套期保值； （四）根据生产经营计划，对预期采购量或预期产量进行套期保值，包 括对预期原材料采购进行多头套期保值、对预期产成品进行空头套期保 值； 第五条公司及公司控股子公司开展期货和衍生品交易应当遵循合法、审慎、安 全、有效的原则，控制投资风险。 第六条公司应当合理安排、使用资金，原则上避免从事以投机为目的的期货和 衍生品交易，不得使用募集资金从事期货 ...