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： | 证券代码：688599 | 证券简称：天合光能 | | | 公告编号：2025-100 | | --- | --- | --- | --- | --- | | 转债代码：118031 | 转债简称：天 | 23 | 转债 | | 天合光能股份有限公司 可转债转股结果暨股份变动公告 累计转股情况：截至 2025 年 9 月 30 日，"天 23 转债"累计有 273,000 元已 转换为天合光能股份有限公司（以下简称"公司"）股票，转股数量为 5,280 股， 占"天 23 转债"转股前公司已发行股份总额的 0.0002%。 未转股可转债情况：截至 2025 年 9 月 30 日，"天 23 转债"尚未转股的可转 债金额为 8,864,478,000 元，占"天 23 转债"发行总量的 99.9969%。 本季度转股情况：自 2025 年 7 月 1 日起至 2025 年 9 月 30 日期间，"天 23 转债"共有 20,000 元已转换为公司股票，转股数 ...

| 证券代码：688599 | 证券简称：天合光能 | | 公告编号：2025-102 | | --- | --- | --- | --- | | 转债代码：118031 | 转债简称：天 转债 | 23 | | 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。 担保发生时间：2025 年 9 月 1 日至 2025 年 9 月 30 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 579.04 亿元，占公司最近一期经审计净资产的 219.52%，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 557.42 亿元。 一、担保情况概述 （一）本期新增担保情况 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 2025 年 9 月 1 日至 2025 年 9 月 30 日期间，公司累 计发生的担保金额为 4.5 亿元，占公司最 ...

Core Points - The Shanghai Composite Index is currently at 3913.21 points, above the annual line, with a change of 0.78% [1] - The total trading volume of A-shares today is 1,302.057 billion yuan [1] - A total of 55 A-shares have surpassed the annual line, with notable stocks showing significant deviation rates [1] Summary of Key Stocks - Tianli Composite (证券代: 920576) has a price increase of 12.86% and a deviation rate of 11.43% [1] - China General Nuclear Power Technology (证券代: 000881) has a price increase of 6.55% and a deviation rate of 5.45% [1] - Baoland (证券代: 688058) has a price increase of 6.14% and a deviation rate of 4.86% [1] - Other stocks with notable performance include Chenguang Medical (证券代: 920300) with a 5.57% increase and a 2.94% deviation rate, and Sunlight Energy (证券代: 000591) with a 3.08% increase and a 2.71% deviation rate [1] Additional Stocks with Minor Deviations - Stocks like Xiamen International Trade (证券代: 000155) and Guizhou Wheel Tire (证券代: 000589) have minor deviations of 1.14% and 0.96% respectively, indicating they have just crossed the annual line [2]

连亏七个季度的光伏行业要走出困境，仍有待国家层面的"反内卷"取得更进一步的实质性进展。与此形成鲜明对比的是，和光伏堪称孪 生的储能行业，近期在市场的关注度正急剧上升。储能热度高企，不仅在产业端出现"一芯难求"的行情，在二级市场上更以66.80%的近 一年涨幅（储能指数，884790.WI）大幅跑赢沪深300（涨幅15.50%）。 颇有意思的是，在这场全球能源变革的大潮中，中国光伏民营企业在储能上的战略选择与进化节奏不尽相同。第一财经记者注意到，不 同于通威股份（600438.SH）、隆基绿能（601012.SH）等"略显犹豫"的头部光伏厂商，天合光能（688599.SH）已将储能业务板块的定位 拔到第二增长曲线的高度，6月份为天合储能增资8.07亿元，9月份披露签署2.48GWh大单。 那么公司后续在储能板块有何战略规划？怎么看待眼下储能行业"内卷"生态？就这些问题，第一财经记者国庆假期期间采访了天合光能 储能事业部总裁杨豹。 电芯自研自供背后 行业机构Infolink Consulting发布的全球储能系统出货量报告显示，2024年，天合储能位列全球储能系统集成商中国企业第九，在中国、 英国、澳大利亚市场进 ...

Group 1 - The core viewpoint of the article highlights the growth in China's solar cell production, with a reported output of 66.38 million kilowatts in July 2025, representing a year-on-year increase of 16% [1] - Cumulative production from January to July 2025 reached 473.964 million kilowatts, showing a cumulative growth of 19.6% [1] - The article references a report by Zhiyan Consulting, which provides insights into the competitive landscape and investment recommendations for the solar cell industry in China from 2025 to 2031 [1] Group 2 - Listed companies in the solar energy sector include Longi Green Energy, Tongwei Co., Sunshine Power, JA Solar, Trina Solar, TBEA, Chint Electric, and TCL Zhonghuan [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports and tailored consulting services [2]

2025 年第五次临时股东会会议材料 2025 年 10 月 天合光能股份有限公司 2025 年第五次临时股东会会议材料 天合光能股份有限公司 2025 年第五次临时股东会材料目录 天合光能股份有限公司 | 2025 2 | 年第五次临时股东会参会须知 | | --- | --- | | 2025 4 | 年第五次临时股东会会议议程 | | 2025 6 | 年第五次临时股东会会议议案 | | 议案一、关于取消监事会、变更公司注册资本并修订《公司章程》及部分管理制度的议案 | | | 6 | | 1 天合光能股份有限公司 2025 年第五次临时股东会会议材料 天合光能股份有限公司 2025 年第五次临时股东会参会须知 为了维护全体股东的合法权益，确保股东会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》《上市公司股东会规则》 以及《天合光能股份有限公司章程》《天合光能股份有限公司股东会议事规则》等相关规 定，特制定 2025 年第五次临时股东会参会须知。 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东代表）的合法权 益，除出席会议的股东（或股东代表 ...

Core Viewpoint - The integration of solar and energy storage (光储融合) is becoming a standard in the photovoltaic industry, with companies like 阳光电源 achieving significant profitability and market capitalization growth due to their strategic positioning in this sector [2][14]. Group 1: Industry Trends - The photovoltaic industry is witnessing a shift towards solar-storage integration, with major players like 隆基绿能 and 阿特斯 actively pursuing energy storage business opportunities [4][6]. - The demand for energy storage is driven by the need to stabilize the grid and enhance the efficiency of renewable energy consumption, particularly in the context of fluctuating electricity prices [10][11]. - Recent policy changes, such as the relaxation of market price limits, are expected to further enhance the economic viability of solar-storage models [10][12]. Group 2: Company Performance - 阳光电源 reported a revenue of 435 billion yuan in the first half of the year, a 40% year-on-year increase, with a net profit of 77 billion yuan, up 56% [2][14]. - 阿特斯 achieved a significant increase in energy storage system deliveries, reaching 3.1 GWh in the first half of the year, with a 140% quarter-on-quarter growth in the second quarter [14]. - Companies that have strategically integrated energy storage into their operations are experiencing improved profitability, while those without adequate preparation may struggle in the competitive landscape [16]. Group 3: Market Opportunities - The global energy storage market is projected to grow at a compound annual growth rate of 20% to 30% in the coming years, with strong demand anticipated in regions like Europe, the United States, and Australia [16]. - The integration of solar and energy storage is seen as a critical pathway for companies to navigate through industry cycles and achieve sustainable development [16][18]. - The upcoming ESIE 2026 event is expected to serve as a platform for showcasing technological advancements and fostering collaboration within the energy storage sector [17][18].

Core Insights - The article discusses recent strategic partnerships in the energy storage sector, highlighting significant agreements by companies such as Trina Solar and EVE Energy to supply large-scale energy storage systems in international markets [1][2][6]. Group 1: Trina Solar Developments - Trina Solar has signed a strategic cooperation agreement with Japan's Yuasa Corporation to supply a total of 500MWh of large-scale energy storage systems starting in 2025, aiming to accelerate its market entry in Japan [2][4]. - The partnership will involve Trina Solar providing a complete integrated solution, including battery cells and BESS systems, while Yuasa will handle market development and local service network construction [4][5]. - Trina Solar aims to achieve a shipment target of over 8GWh for its energy storage business in 2025, with 40% of shipments expected to be domestic and 60% international, focusing on high-growth overseas markets [5]. Group 2: EVE Energy Initiatives - EVE Energy has signed a strategic cooperation agreement for 500MWh of energy storage with CommVOLT, a Polish company, to address the growing demand for commercial and industrial energy storage in Europe [6][8]. - This collaboration aims to enhance grid stability and renewable energy absorption capabilities, while also establishing benchmark energy storage projects in Central and Eastern Europe [8]. - EVE Energy recently completed a 200MW/400MWh independent energy storage project, marking the first large-scale application of a 628Ah storage battery in a megawatt-hour level power station [8].

Group 1 - China aims to achieve a total installed capacity of wind and solar power reaching 3.6 billion kilowatts by 2035, which is over six times the capacity in 2020 [3] - The new national contributions include a target for non-fossil energy consumption to account for over 30% of total energy consumption [3] - The forest stock volume is targeted to exceed 24 billion cubic meters by 2035 [3] Group 2 - Four departments in China have issued guidelines to promote the development of a high-quality energy equipment system, aiming for significant advancements in the energy equipment industry by 2030 [4] - The guidelines emphasize the need for long-life, wide-temperature, low-degradation lithium batteries, sodium batteries, and solid-state batteries [4] - The focus is also on developing low-cost, long-duration flow battery systems and enhancing the safety performance of energy storage batteries [4] Group 3 - The steel industry is set to achieve an average annual growth of around 4% in value added from 2025 to 2026, with a focus on optimizing industrial structure and enhancing green and digital development [5] - The plan includes ten specific measures across five areas, such as precise control of production capacity and promoting quality upgrades of bulk products [5] Group 4 - The petrochemical industry aims for an average annual growth of over 5% in value added from 2025 to 2026, with a focus on enhancing technological innovation and achieving collaborative benefits in pollution reduction and carbon reduction [6] - The plan emphasizes the transition of chemical parks from standard construction to high-quality development [6] Group 5 - Li Auto and battery giant Xinwanda plan to establish a joint venture for the production and sale of lithium-ion batteries for electric vehicles, with each holding a 50% stake [7] - This follows a strategic cooperation agreement with CATL to collaborate on battery safety and ultra-fast charging technology [7] Group 6 - Four exchanges in the Guangdong-Hong Kong-Macao Greater Bay Area have signed a memorandum to promote the development of the carbon market and green finance ecosystem [8] - The collaboration aims to enhance professional capabilities in carbon market operations and green finance [8] Group 7 - Trina Solar's energy storage division has undergone management changes, with a new president appointed to focus on energy storage while the previous president shifts focus to the solar module sector [9] - Trina Solar aims for energy storage shipments to exceed 8 GWh by 2025, with a target of maintaining over 50% year-on-year growth in 2026 [9] Group 8 - China's first green energy supply railway project has been launched, integrating renewable energy and storage into the railway power supply system [10] - The project is expected to provide an average of 7.39 million kilowatt-hours of green electricity annually, saving 2,218.3 tons of standard coal and reducing carbon dioxide emissions by 5,804.53 tons [10]

Core Viewpoint - The Sanjiangyuan region is crucial for ecological security and water conservation in China, and it is becoming a key node for green computing power due to its abundant renewable energy resources and land space, especially with the advancement of the "East Data West Computing" project [1] Group 1: Project Overview - The project integrates a smart microgrid system that operates on 100% clean energy, supporting high-performance computing in high-altitude areas [1][2] - The project utilizes Trina Solar's N-type 720Wp TOPCon bifacial modules, which have a first-year degradation of only 1% and an average annual degradation of 0.4% [2][3] - The project is expected to generate over 10 million kWh annually, significantly reducing carbon emissions by 8,196 tons per year and lowering electricity costs by 20% compared to conventional power sources [2][3] Group 2: Technical Features - The project features a "source-network-load-storage-computing" five-dimensional collaborative system, integrating 6.18MWp of solar power, 30kW of wind power, and a 500kW/1044kWh energy storage system [3] - The energy management system (EMS) developed by the company can predict short-term wind and solar power output with over 92% accuracy, enhancing the efficiency of energy storage dispatch [3][4] - The system is designed to respond to grid commands in milliseconds, ensuring stable operation of computing equipment by dynamically matching energy supply and demand [3][4] Group 3: Environmental Considerations - The project is designed to minimize environmental impact in the ecologically sensitive Sanjiangyuan region, utilizing components that ensure long-term weather resistance and thermal stability [4][5] - The solar panel installation is elevated 0.3 meters above ground to reduce surface disturbance and promote natural grassland restoration [5] - The project aims to create a new energy system that is efficient, stable, and environmentally friendly, with plans to replicate the model in other high-altitude and desert areas [5]