Group 1 - The market is expected to enter a medium to long-term consolidation phase after a short-term momentum decline [10] - The Shanghai government has initiated a program to purchase second-hand housing for affordable rental housing projects, targeting new citizens, young people, and graduates [5] - The Ministry of Industry and Information Technology has approved a new national standard for automotive door handles, set to be implemented in 2027, addressing safety and usability issues [5] Group 2 - The National Development and Reform Commission and other departments have released guidelines for the construction of a low-altitude economy standard system, aiming for over 300 standards by 2030 [3] - The Ministry of Finance has introduced a temporary method for long-term asset input tax deduction, allowing full deduction for mixed-use assets upon purchase [4] - The stock of Guokai Military Industry has experienced significant price fluctuations, with a recent announcement clarifying that its commercial aerospace projects are still in the R&D phase and have minimal impact on revenue [7]

聚焦核心技术攻坚，筑牢创新产业链源头根基 "十四五"以来，我省新能源产业快速发展，2024年产业规模突破8000亿元，海上风电装机容量占全国 28%，拥有宁德时代（江苏）基地、天合光能等15家国家级技术领军企业。 然而，我省在关键核心技术自主可控能力、产业链协同效率、创新要素适配性等方面仍有提升空间，需 构建以技术创新为源头驱动、产业链协同为核心载体、要素保障为坚实支撑的新能源产业创新链协同生 态，系统提升整体竞争力。 我省在高效光伏电池、10MW级海上风机等领域"大而不强、全而不优"的问题依然存在，氢能储运等关 键设备依赖进口，成本占全产业链的60%以上。这些"卡脖子"环节威胁产业安全，制约国际议价能力。 因此，需要将关键核心技术掌握在自己手中，筑牢创新链的源头根基。 建强高能级创新平台体系。应主动融入国家战略科技力量布局，比如争取在江苏设立新能源（001258） 领域国家实验室分支机构，提升国家光伏技术重点实验室、国家海上风电装备创新中心等平台能级；围 绕固态电池、高效氢能等前沿方向，高标准建设省级新能源技术创新中心，推动高校、科研机构与华为 数字能源、国家电投等龙头企业共建联合实验室，打造核心技术攻关主 ...

Investment Rating - The report does not explicitly state an investment rating for the industry [1] Core Insights - The report highlights that the deep learning factor tracking has shown a cumulative absolute return of 74.91% since its inception, with a relative excess return of 38.96% compared to the benchmark [10] - The sentiment factor tracking indicates that the top five industries with positive sentiment changes are petroleum and petrochemicals, non-ferrous metals, food and beverage, coal, and textiles and apparel [34] - The market valuation tracking shows that the rolling 5-year historical percentiles for major indices are at 91% for CSI 300, 100% for CSI 500, and 100% for CSI 1000, indicating high valuation levels [44] Summary by Sections Deep Learning Factor Tracking - A long-only portfolio was constructed based on the DecompGRU model, with a cumulative absolute return of 74.91% and a maximum drawdown of 10.08% since March 31, 2025 [10] - An ETF rotation portfolio was also created, achieving a cumulative absolute return of 40.08% since March 18, 2025, with a maximum drawdown of 7.82% [13] Sentiment Factor Tracking - The report tracks sentiment across broad indices, with the CSI 300 showing the highest increase in sentiment by 11.05% compared to the previous week [3] - The top five industries with positive sentiment changes include petroleum and petrochemicals, non-ferrous metals, food and beverage, coal, and textiles and apparel [34] Market Valuation Monitoring - The report indicates that several primary industries are currently above the 80% historical percentile for valuations, including electronics, power equipment, light industry manufacturing, and construction materials [46] - Conversely, industries like food and beverage and non-bank financials are below the 20% historical percentile, suggesting potential undervaluation [46] Event Tracking - The report details various corporate events, including stock incentive plans, significant shareholder buybacks, and analyst coverage updates, which may influence market sentiment and stock performance [48][56][57]

Buyback Announcements - GoerTek has repurchased 1.14% of its shares, spending 1.108 billion yuan, with a total of 40.5481 million shares repurchased at prices ranging from 20.35 to 34.09 yuan per share [18] - Midea Group has repurchased 0.35% of its shares, spending 1.998 billion yuan, with a total of 26.9437 million shares repurchased at prices ranging from 69.50 to 80.44 yuan per share [17] - SF Holding has repurchased approximately 48.2887 million A-shares, with a total amount of about 1.899 billion yuan [1] Stock Trading Anomalies - Maoye Commercial has experienced a significant stock price increase, with a cumulative deviation of 20% over two trading days, indicating potential market overheating and high speculation risk [2] - Jinhui Liquor reported a cumulative stock price deviation of over 20% over three trading days, confirming normal production and no undisclosed major information [3] - Yangtze Optical Fiber has noted that the global optical fiber and cable market environment is normal, with new products related to data centers representing a small proportion of total demand [4] Profit Distribution Plans - Ningbo Fuda plans to distribute a cash dividend of 0.7 yuan per 10 shares, totaling 101 million yuan, which accounts for 59.85% of the net profit attributable to shareholders for the first three quarters of 2025 [5] Corporate Investments - Southwest Securities has received approval from the China Securities Regulatory Commission to issue bonds totaling up to 14 billion yuan [6] - Guoneng Rixin plans to increase its stake in Sanas Zhihui to 31% through an investment of 17.625 million yuan, enhancing its capabilities in new energy asset operation services [7] Production Updates - Weiyuan Co. has successfully launched a 250,000 tons/year electrolyte solvent project, enhancing its production capacity for various chemical products [8] Financial Performance - Lianyun Technology reported a net profit of 142 million yuan for 2025, a year-on-year increase of 20.36%, driven by growth in storage product demand [12] - Shanghai Yizhong reported a net profit of 64.132 million yuan for 2025, a significant increase of 819.42%, attributed to the inclusion of its core product in the national medical insurance directory [13]

就本次回购股份的基本情况来看，2024年6月25日，天合光能召开第三届董事会第七次会议，同意公司 以自有资金通过集中竞价交易方式回购公司无限售条件的A股流通股，回购股份将用于转换公司发行的 可转换为股票的公司债券，回购价格不超过31元/股（含），回购资金总额不低于10亿元（含），不超 过12亿元（含）。2025年5月22日，公司将回购股份实施期限延长9个月，由原来的2025年6月24日止延 期至2026年3月24日止，并同意将回购股份资金来源由"自有资金"调整为"自有资金和自筹资金"。除上 述调整外，回购股份方案的其他内容不变。 北京商报讯（记者 王蔓蕾）2月2日晚间，天合光能（688599）披露公告称，截至1月31日，公司通过上 交所交易系统以集中竞价交易方式回购公司股份4360.32万股，占公司总股本23.43亿股的比例为 1.86%，回购成交的最高价为24.91元/股，最低价为13.64元/股，支付的资金总额为8.02亿元（不含印花 税、交易佣金等交易费用)。 ...

格隆汇2月2日丨天合光能(688599.SH)公布，截至2026年1月31日，公司通过上海证券交易所交易系统以 集中竞价交易方式回购公司股份4360.32万股，占公司总股本的比例为1.86%，回购成交的最高价为 24.91元/股，最低价为13.64元/股，支付的资金总额为人民币8.02亿元（不含印花税、交易佣金等交易费 用)。 ...

天合光能股份有限公司 | 证券代码：688599 | 证券简称：天合光能 | | 公告编号：2026-013 | | --- | --- | --- | --- | | 转债代码：118031 | 转债简称：天 | 23 转债 | | 关于以集中竞价交易方式回购公司股份的进展公告 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购期间，应当在每个月的前 3 个交易日 内公告截至上月末的回购进展情况。现将公司回购股份的进展情况公告如下： 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： | 回购方案首次披露日 | | 2024/6/26 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 6 月 | 2024 年 25 | 日~2026 | 年 | 3 | 月 24 日 | | 预计回购金额 | 100,000万元~120,000万元 | | | | | | | 回购用途 | ...

天合光能股份有限公司 "天 23 转债"2026 年第一次债券持有人会议 会议材料 2026 年 2 月 天合光能股份有限公司 "天 23 转债"2026 年第一次债券持有人会议会议材料 天合光能股份有限公司 为了维护全体债券持有人的合法权益，确保债券持有人会议的正常秩序和议事效率， 保证会议的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》以及《天 合光能股份有限公司向不特定对象发行可转换公司债券募集说明书》《天合光能股份有限 公司可转换公司债券持有人会议规则》等相关规定，特制定"天 23 转债"2026 年第一次 债券持有人会议参会须知。 一、为保证本次会议的严肃性和正常秩序，切实维护与会债券持有人（或债券持有人 代表）的合法权益，除出席会议的债券持有人（或债券持有人代表）、公司董事、高级管 理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、出席会议的债券持有人（或债券持有人代表）须在会议召开前半小时到会议现场 办理签到手续，并按规定出示身份证明文件、持有本次未偿还债券的证券账户卡复印件、 营业执照/注册证书复印件（加盖公章）、授权委托书等证明文件，上述登记材料均 ...

江苏省无锡市经开区金融八街联合金融大厦 2901-2903 室 邮政编码:214000 电话：051088888990 二〇二六年二月 关于天合光能股份有限公司 2026 年员工持股计划（草案）的法律意见书 目录 | 释 人 … | | --- | | 第一部分 引言 | | 第二部分 正文 | | 一、公司实施本次员工持股计划的主体资格 | | 二、本员工持股计划内容及合法合规性 | | 三、本次员工持股计划涉及的法定程序 | | 四、本次员工持股计划的信息披露 ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 13 | | 五、结论意见 13 | 為力津師事務所 EFFORT LAW FIRM LLP 上海市协力(无锡)律师事务所 关于天合光能股份有限公司 2026年员工持股计划(草案)的 协意字 2026011199 号 I 关于天合光能股份有限公司 2026年员工持股计划(草案)的法律意见书 上海市协力(无锡)律师事务所 关于天合光能股份有限公司 2026年员工持股计划 ...

| 证券代码：688599 | 证券简称：天合光能 | 公告编号：2026-014 | | --- | --- | --- | | 转债代码：118031 | 转债简称：天 23 转债 | | 天合光能股份有限公司 关于公司提供担保的进展公告 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： 担保发生时间：2026 年 1 月 1 日至 2026 年 1 月 31 日 被担保人名称：天合光能股份有限公司（以下简称"公司"）及其合并 报表范围内下属子公司 截至本公告披露日，公司及合并报表范围内下属子公司对外担保余额为 482.16 亿元，占公司最近一期经审计净资产的 182.79%，其中公司对合并报表范 围内下属子公司提供的担保余额为 461.40 亿元。 一、担保情况概述 为满足公司生产经营和流动资金周转需要，在确保运作规范和风险可控的前 提下，公司及下属子公司在 2026 年 1 月 1 日至 2026 年 1 月 31 日期间，公司累 计发生的担保金额为 7.31 亿元，占公司最近一期经审计净资产的 2. ...