| 证券代码：688599 | 证券简称：天合光能 公告编号：2025-030 | | --- | --- | | 债券代码：118031 | 债券简称：天 23 转债 | 天合光能股份有限公司监事会 2025 年 4 月 2 日 天合光能股份有限公司 关于更换公司监事的公告 本公司监事会及全体监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。 天合光能股份有限公司（以下简称"公司"）监事会于近日收到公司监事崔 益祥先生的辞任报告。崔益祥先生因个人工作安排原因，申请辞去公司监事职务， 辞任后不在公司担任任何职务。 崔益祥先生监事会职务原定任期为至公司第三届监事会届满为止。根据《公 司法》《公司章程》等相关规定，崔益祥先生在任职期内辞职将导致公司监事会 成员低于法定最低人数，公司股东会选举产生新任监事前，崔益祥先生仍将依照 相关法律法规的规定履行公司监事职责。 为保证公司监事会工作正常开展，公司于 2025 年 3 月 31 日召开第三届监事 会第十二次会议，审议通过了《关于更换公司监事的议案》，公司监事会同意提 名汤勤安先生为公司第三届监事会非职 ...

| 证券代码：688599 | 证券简称：天合光能 | 公告编号：2025-031 | | --- | --- | --- | | 转债代码：118031 | 转债简称：天 23 转债 | | 天合光能股份有限公司 关于召开 2025 年第二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 （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大会网络投票系统 （一） 股东会类型和届次 2025 年第二次临时股东会 召开日期时间：2025 年 4 月 17 日 14 点 00 分 召开地点：常州市新北区天合路 2 号天合光能股份有限公司会议室 网络投票起止时间：自 2025 年 4 月 17 日 至 2025 年 4 月 17 日 股东会召开日期：2025年4月17日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 （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 ...

| 证券代码：688599 | 证券简称：天合光能 公告编号：2025-028 | | --- | --- | | 转债代码：118031 | 转债简称：天23转债 | 二、监事会会议审议情况 经与会监事投票表决，审议通过了如下决议： （一） 审议通过《关于对外投资设立合资公司暨关联交易的议案》 监事会认为：本次与关联方共同设立合资公司遵循了公平、合理的原则， 不存在损害公司及其股东、特别是中小股东利益的行为，本次关联交易的审议 程序符合法律、法规及《公司章程》的有关规定。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的 《天合光能股份有限公司关于对外投资设立合资公司暨关联交易的公告》。 天合光能股份有限公司 第三届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 天合光能股份有限公司（以下称"公司"）第三届监事会第十二次会议于 2025 年 3 月 31 日以通讯方式召开，本次会议由公司监事会主席张银华先生召 集，会议应参加表决监事 3 人， ...

Group 1 - The core viewpoint of the news is that Trina Solar Limited has applied for a patent related to a new method for preparing solar cells, which aims to enhance the efficiency of solar cells while reducing costs [1] - The patent application, titled "Preparation Method of Solar Cells, Solar Cells, and Photovoltaic Modules," was published with the number CN 119698101 A and was filed on November 2024 [1] - The method involves a series of steps including doping treatment, texturing processes, and the formation of pyramid structures on the solar cell surfaces, which are designed to improve photoelectric conversion efficiency [1] Group 2 - Trina Solar Limited, established in 1997 and located in Changzhou, primarily engages in the manufacturing of electrical machinery and equipment [2] - The company has a registered capital of approximately 2.17 billion RMB and a paid-in capital of about 1.38 billion RMB [2] - Trina Solar has invested in 21 companies, participated in 5000 bidding projects, and holds 3834 patents along with 772 trademark registrations [2]

Investment Rating - The report maintains a positive investment outlook for the renewable energy sector, particularly in solar and wind energy, highlighting strong demand and growth potential in both domestic and international markets [4][9][39]. Core Insights - The domestic solar installation in January-February 2025 reached 39.5GW, with an expected annual increase of 28% in total installations for 2024 [4][5][9]. - Global solar installation is projected to reach between 531GW and 583GW in 2025, with optimistic growth estimates of over 10% [28][39]. - The supply chain is showing signs of recovery, with prices stabilizing and a slight rebound in production across various segments, including polysilicon and solar modules [41][49]. Summary by Sections Domestic Market - In the first two months of 2025, China added 39.5GW of solar capacity, maintaining stable growth, with a total expected installation of 215-255GW for the year [4][6][9]. - The National Development and Reform Commission and the National Energy Administration have initiated reforms to enhance market-driven pricing for renewable energy [10][15]. International Market - The global demand for solar energy is steadily increasing, with significant installation plans emerging in regions like Latin America and the Middle East [18][28]. - In January 2025, India reported a substantial increase in solar installations, with a total capacity exceeding 100GW [31][34]. Supply Chain Dynamics - The polysilicon production in February 2025 was approximately 9.23 million tons, showing a slight decrease but expected to recover in March [49]. - Solar module prices have seen a minor increase due to rising demand from distributed energy projects, with significant players adjusting their production strategies accordingly [43][44]. Investment Recommendations - The report suggests focusing on high-growth areas such as inverter and racking systems, as well as leading solar manufacturers with cost advantages and strong distribution channels [4][39]. - Key companies to watch include LONGi Green Energy, Trina Solar, and various emerging technology leaders in the solar sector [4][39].

Core Viewpoint - South Africa is experiencing a significant energy transition, with a threefold increase in energy storage demand driven by distributed energy solutions, particularly in residential and commercial microgrids [1][3]. Group 1: Market Potential and Demand - The renewable energy development potential in Africa has surpassed 1000 GW, with South Africa having an annual sunlight duration of 2500 hours, yet the photovoltaic resource development rate is below 3% [3]. - The South African government plans to add 8.4 GW of renewable energy capacity from 2025 to 2030, with a corresponding 300% increase in energy storage needs [3]. Group 2: Policy Support and Market Opportunities - South Africa's energy storage support policies, including tax reductions and project subsidies, combined with the African Free Trade Area agreement, create significant market opportunities for Chinese exports of photovoltaic storage systems and smart microgrid equipment [5]. Group 3: Company Innovations and Solutions - Trina Storage launched the Elementa 2 Pro 5MWh system, optimized for South Africa's extreme climate and complex grid environment, featuring advanced cooling technology and a lifecycle cost reduction of 30% [9]. - Trelleborg showcased commercial and mining energy storage solutions, addressing the need for stable and reliable energy in Africa [11][13]. - LinYang Energy presented a range of smart energy products, including liquid-cooled storage solutions, aimed at enhancing energy management for various applications [19]. - Far East Battery introduced three core products, including the Power X 3 PLUS, designed for commercial applications with modular architecture for quick deployment [25]. Group 4: Industry Trends and Developments - The South African energy storage market is witnessing a surge in innovative solutions from various companies, with a focus on modular designs and flexible configurations to meet diverse energy needs [28][31]. - The emphasis on reducing operational costs and carbon emissions is driving the development of energy storage systems tailored for commercial and industrial applications [13][22].

天合光能发布极端气候解决方案 中证报中证网讯（记者 刘杨）3月26日，在中国光伏行业协会主办的"2025光伏市场发展论坛"上， 天合光能发布极端气候解决方案，面向冰雹、强风、暴雪等极端气候环境，最大化保护光伏电站资产安 全。 天合光能战略、产品与市场负责人张映斌介绍，天合光能极端气候解决方案以极御组件和智能跟踪 双核驱动，高效防护频发的极端天气。极御组件玻璃厚度提升25%，抗能量冲击能力与传统同版型组件 相比提升2.5倍。同时，创新边框设计强化组件载荷能力，进一步保障解决方案的稳定性和可靠性。 根据GCube Insurance统计，2018年-2023年，由冰雹灾害导致的光伏资产索赔金额占比就高达 54%。 据介绍，极端气候解决方案以更强的硬件结构设计、自动预警保护机制以及权威风险评估，守护光 伏电站资产安全。极端气候解决方案正面最高可抗击直径55mm冰雹，在60°倾角保护下最高可抗击直径 75mm冰雹。 此外，解决方案提供短时冰雹气候预报，自动下达指令使得跟踪支架进入大角度保护姿态，抵御冰 雹冲击。以冰雹灾害频发的美国德克萨斯州100MW光伏电站项目为例，冰雹灾害造成的年均光伏资产 损失达469万美元，而 ...

Core Viewpoint - The photovoltaic industry is experiencing a significant price surge across the supply chain, driven by domestic policy changes and increased demand for distributed solar installations [2][4][7]. Price Surge - The latest data from InfoLink Consulting indicates that prices for downstream products in the photovoltaic supply chain have risen significantly, with mainstream distributed component spot prices reaching 0.8 yuan/W in March, a 33% increase from the low of 0.6 yuan/W at the end of 2024 [2][4]. - The price of large-sized components is in short supply, with some high-priced orders reaching 0.85-0.9 yuan/W, marking a two-year high [4][5]. Supply Chain Dynamics - The price increases are attributed to a rush for installations ahead of key policy deadlines on April 30 and May 31, leading to tight supply conditions [4][7]. - Key components such as N-type battery cells, silicon wafers, inverters, and EVA have also seen price increases, with the average price of 182*210mm TOPCon battery cells rising by 0.05 yuan/W over five weeks [5]. Policy Impact - The surge in demand is linked to new policies introduced in January, which incentivize projects to complete grid connections before April 30 to qualify for full grid access [7][8]. - The 136th document mandates that all new distributed solar projects must engage in electricity market trading starting May 31, further influencing market dynamics [8]. Market Outlook - The recovery of overseas markets, particularly in Europe, is also contributing to the price increases, with expectations of a doubling of installed capacity by 2025 [9][10]. - Analysts predict that the photovoltaic industry is entering a price-upward cycle, with the sector positioned at a bottom level, and positive catalysts expected to emerge [10][11]. Technological Advancements - Trina Solar announced a breakthrough with its 210mm size perovskite/silicon tandem module achieving a peak power of 808W, marking a significant milestone in photovoltaic technology [13][14].

全球首块808W组件诞生，天合光能开启钙钛矿/晶 体硅叠层电池组件产业化新时代 3月23日，位于天合光能的光伏科学与技术全国重点实验室再次宣布，其研发的210大尺 寸钙钛矿/晶体硅两端叠层电池组件（面积3.1 m2），经过TÜV南德意志集团（TÜV SÜD） 测试实验室认证，峰值功率达808W，成为全球首块功率突破800W门槛的工业标准尺寸光伏 组件产品，创造了新的世界纪录，在钙钛矿/晶体硅叠层技术领域具有划时代意义。 目前晶体硅电池的效率提升已近天花板，开发效率更高的叠层电池成为产业新的关注 点，钙钛矿叠层可以突破单结电池物理极限效率的天花板，使得理论效率达到43%，钙钛矿 叠层技术是重要解决方案，钙钛矿/晶体硅叠层技术以其高效电池效率，将成为下一代光伏 技术的风向标，实现由"硅基电池"向"叠层电池"的历史性跨越，为人类可持续发展开辟全新 可能性。 "这是钙钛矿/晶体硅叠层电池组件产品的重大突破！也是光伏行业技术迈向未来的关键 里程碑！"天合光能董事长兼CEO、光伏科学与技术全国重点实验室主任高纪凡说，"全球首 块210标准工业尺寸800W+钙钛矿/晶体硅叠层电池组件产品的成功制备，意味着公司引领行 业向叠 ...

| 证券代码：688599 | 证券简称：天合光能 | 公告编号：2025-027 | | --- | --- | --- | | 转债代码：118031 | 转债简称：天 23 转债 | | 天合光能股份有限公司 关于不向下修正"天 23 转债"转股价格的公告 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： 二、可转换公司债券转股价格向下修正条款 一、 可转换公司债券基本情况 （一）发行上市概况 根据有关规定和《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》(以下简称"《募集说明书》")的约定，公司本次发行的可转 换公司债券的转股期自 2023 年 8 月 17 日至 2029 年 2 月 12 日，可转换公司债 券的初始转股价格为 69.69 元/股。 截至 2025 年 3 月 18 日，天合光能股份有限公司（以下简称"公司"）股价 已触发"天 23 转债"转股价格向下修正条款。 经公司第三届董事会第二十二次会议审议，公司董事会决定本次不向下修 正转股价格。下一触发转股价格修正条款的 ...