证券研究报告 | 公司动态点评 2024 年 09 月 02 日 艾罗能源（688717.SH） 逆变器修复显著，新兴市场实现开拓 | --- | --- | --- | --- | --- | --- | |----------------------|--------|-------|-------|-------|-------| | | | | | | | | | | | | | | | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万元） | 4,612 | 4,473 | 4,033 | 5,265 | 6,274 | | 增长率 yoy （ % ） | 453.9 | -3.0 | -9.8 | 30.6 | 19.2 | | 归母净利润（百万元） | 1,134 | 1,065 | 460 | 715 | 914 | | 增长率 yoy （ % ） | 1703.6 | -6.1 | -56.8 | 55.3 | 27.9 | | ROE （ % ） | 88.4 | 24.5 | 9.6 | 13.0 | 14.2 | | EP ...

证券代码：688717 证券简称：艾罗能源 浙江艾罗网络能源技术股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |----------------|----------------------------------|------------------------------------------------------| | | | | | | □ 特定对象调研 □分析师会议 | | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动 | □ 新闻发布会 □路演活动 | | | 类别 | □ 现场参观 R | 电话会议 | | | □ | 其他 （请文字说明其他活动内容） | | | | 招商证券、鹏华基金、博时基金、富国基金、嘉合基金、长 | | 参与单位名称 | | 江证券、财通证券、华创证券、德邦证券、中信建投证券等 | | | 约 100 家机构代表 | | | 时间 | 2024 年 8 月 31 日 | | | 地点 | 电话形式 | | | 上市公司接待 | | | | 人员姓名 | 董事会秘书 盛建富、财务总监 闫强 | | ...

证券代码：688717 证券简称：艾罗能源 公告编号：2024-036 浙江艾罗网络能源技术股份有限公司 关于会计政策变更的公告 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、准确性和完整性承担法律责任。 重要内容提示： 本次会计政策变更是根据财政部发布的最新企业会计准则及相关通知等要 求进行的合理变更，不会对浙江艾罗网络能源技术股份有限公司（以下简称"公 司"）损益、总资产、净资产等产生重大影响。 一、本次会计政策变更概述 1、会计政策变更的原因及日期 1 具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他相关规 定。 本次变更后，公司将按照《解释 17 号》《应用指南 2024》相关要求执行。 其他未变更部分，仍按照财政部前期颁布的《企业会计准则——基本准则》和各 项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他相关 规定执行。 二、 本次会计政策变更对公司财务状况的影响 财政部于 2024 年 3 月发布了《应用指南 2024》，规定保证类质保费用应计 入营业成本。公司执行该规定的主要影响如下： 2023年10月25 ...

证券代码：688717 证券简称：艾罗能源 公告编号：2024-034 一、 监事会会议召开情况 浙江艾罗网络能源技术股份有限公司（以下简称"公司"）第二届监事会第 五次会议于 2024 年 8 月 30 日在浙江省杭州市桐庐县城南街道石珠路 278 号公司 会议室以现场与通讯结合方式召开。本次会议的通知于 2024 年 8 月 20 日以邮件 方式送达全体监事。本次会议应出席监事 3 名，实际出席监事 3 名。本次会议由 监事会主席祝东敏先生主持，本次会议的召集和召开程序符合国家有关法律、法 规和《公司章程》的规定。 二、监事会会议审议情况 本次会议经与会监事认真审议并表决，一致通过了如下事项： （一）审议通过《关于<2024年半年度报告>及其摘要的议案》 监事会认为：公司《2024年半年度报告》的编制和审议程序符合相关法律法 规、《公司章程》及公司内部制度的规定；公司《2024年半年度报告》的内容与 格式符合法律法规的相关规定，客观、真实地反映了公司2024年半年度的经营情 况；公司2024年半年度报告所披露的内容真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏；未发现参与公司2024年半年度报告 ...

证券代码：688717 证券简称：艾罗能源 公告编号：2024-035 浙江艾罗网络能源技术股份有限公司 关于 2024 年半年度募集资金存放与实际使用情况的 专项报告 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、准确性和完整性承担法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会证监许可[2023]1094 号《关于同意浙江艾罗网 络能源技术股份有限公司首次公开发行股票注册的批复》同意注册，本公司于 2023 年 12 月向社会公开发行人民币普通股（A 股）4,000 万股，每股发行价为 55.66 元，应募集资金总额为人民币 2,226,400,000.00 元，扣除不含增值税券 商承销费用和保荐费用合计 206,624,800.00 元，公司实际收到募集资金 2,019,775,200.00 元。另减除其他不含增值税发行费用 31,700,658.00 元（包 括审计费 15,925,700.00 元、律师费 9,551,400.00 元以及其他可扣除费用 6,223,558.00 元），公司本次募集 ...

Company Information - The company's registered address was changed to No. 278 Shizhu Road, Tonglu County, Hangzhou City, Zhejiang Province on March 18, 2024[12] - The company's legal representative is Li Xinfu[11] - The company's website is www.solaxpower.com.cn and the email address is ir@solaxpower.com[12] - The company's main business includes photovoltaic inverters and energy storage inverters[10] - The company's main products include grid-tied inverters and energy storage inverters[10] - The company's main markets include China and Japan[9] - The company's main competitors include Sungrow Power Supply Co., Ltd. and Huawei Technologies Co., Ltd.[9] - The company's main customers include State Grid Corporation of China and China Southern Power Grid[9] - The company's main suppliers include JA Solar Holdings Co., Ltd. and Trina Solar Limited[9] - The company's main risks include market competition, technological innovation, and policy changes[4] Financial Performance - Revenue for the reporting period decreased by 53.41% to RMB 1,583,616,576.93 compared to the same period last year[17] - Net profit attributable to shareholders decreased by 89.44% to RMB 103,006,729.74[17] - Net cash flow from operating activities decreased by 39.43% to RMB 423,304,800.78[17] - Basic earnings per share decreased by 92.13% to RMB 0.64[18] - R&D investment as a percentage of revenue increased by 11.50 percentage points to 15.02%[18] - Total assets increased by 15.95% to RMB 6,209,186,018.32[17] - Weighted average return on equity decreased by 52.73 percentage points to 2.34%[18] - Non-recurring gains and losses amounted to RMB 37,244,043.79, mainly due to government subsidies[20][21] - The decrease in revenue was primarily due to channel inventory backlog and industry competition[18] - The decrease in net profit was mainly due to the decline in revenue and increased R&D investment[19] Products and Markets - The company's main products include energy storage batteries, energy storage inverters, and grid-tied inverters, primarily used in distributed photovoltaic energy storage and grid-tied applications[22] - The global household energy storage market is rapidly growing, with Europe being the largest market. Germany aims to deploy 215GW of solar power and 145GW of wind power by 2030, and the UK has introduced a VAT exemption policy for energy storage systems starting February 2024[22] - The company's household energy storage inverters cover a power range of 3.0kW to 30.0kW and have obtained market access qualifications in Germany, the US, Japan, and other countries[25] - The company's energy storage batteries include multiple series such as T58, T30, and T50, with self-developed BMS technology to enhance performance, reliability, and safety[25] - The company has launched integrated energy storage systems, combining inverters and energy storage batteries into a compact design, including series such as J1-ESS and X1-ESS[26] - The company's commercial energy storage systems cover a power range of 50-100kW and battery capacities from 100kWh to 215kWh, supporting up to 10 systems in parallel[27] - The company's grid-tied inverters cover a power range from 0.6kW to 150kW, suitable for residential, commercial, and distributed photovoltaic power stations[28] - The company's smart energy management software, SolaX Cloud platform, provides real-time data monitoring, energy data transmission, and intelligent prediction capabilities, supporting applications like virtual power plants (VPP)[31] - The company's product portfolio includes data monitoring modules, data aggregation controllers, smart charging piles, and connection boxes (MATEBOX), which are sold alongside inverters[31] R&D and Innovation - The company has four R&D centers in Xi'an, Shenzhen, Suzhou, and Hangzhou, with 956 R&D personnel, accounting for 33.45% of the total workforce. 85.88% of the technical staff hold a bachelor's degree or higher[24] - The company has accumulated 201 authorized patents, including 49 invention patents (5 of which are international)[24] - The company's products have obtained over 1,100 international and domestic certifications and are sold in more than 80 countries and regions[24] - The company's core technologies include MPPT tracking, fast grid connection power control, and energy storage microgrid control, with 49 invention patents, 87 utility model patents, and 65 design patents as of the reporting period[34] - In the first half of 2024, the company added 8 invention patents, 23 utility model patents, 20 design patents, and 29 software copyrights, bringing the total to 243 authorized intellectual properties[36] - The company was recognized as a "Single Champion" enterprise by the Ministry of Industry and Information Technology in April 2024 for its household photovoltaic energy storage system[35] - The company's R&D efforts focus on lightweight, compact, and high-efficiency products, with a strong emphasis on safety, reliability, and cost-effectiveness[33] - R&D investment increased by 98.73% YoY to RMB 237.86 million, driven by the need for new product development, technological innovation, and talent acquisition[38][39] - R&D investment as a percentage of revenue rose significantly by 11.50 percentage points to 15.02%[38] Projects and Investments - The company is developing 13 major projects, including low-voltage energy storage systems, high-voltage energy storage systems, and single/three-phase energy storage inverters, with total investments ranging from RMB 597.34 million to RMB 4,878.00 million[40][41][42] - The single-phase energy storage inverter project has reached the verification stage with a total investment of RMB 3,600.00 million and cumulative investment of RMB 3,960.21 million[41] - The Aelio series commercial energy storage system project has reached the verification stage with a total investment of RMB 3,029.00 million and cumulative investment of RMB 5,191.06 million[41] - The TRENA series liquid-cooled commercial energy storage system project is in the development stage with a total investment of RMB 4,878.00 million and cumulative investment of RMB 1,750.86 million[41] - The 320-350kW high-power string inverter project is in the development stage with a total investment of RMB 3,050.00 million and cumulative investment of RMB 3,400.04 million[41] - The X3-FORTH-PLUS three-phase commercial grid-tied inverter project is in the development stage with a total investment of RMB 597.34 million and cumulative investment of RMB 474.04 million[42] - The high-efficiency single-phase smart micro-inverter project has reached the verification stage with a total investment of RMB 2,500.00 million and cumulative investment of RMB 3,608.32 million[42] - The V2X bidirectional DC charging pile project is in the development stage with a total investment of RMB 983.00 million and cumulative investment of RMB 353.78 million[42] - The company's total R&D investment for the first half of 2024 reached RMB 29,247.98 million, with RMB 15,861.18 million in expenses and RMB 27,615.41 million in capital expenditures[44] - The number of R&D personnel increased to 956, accounting for 33.45% of the total workforce, with a total R&D salary expenditure of RMB 16,893.93 million[45] Sales and Distribution - The company's sales model includes direct sales to traders, system integrators, and ODM clients, leveraging their distribution channels and customer service advantages[32] - The company's energy storage inverters and grid-tied inverters have achieved mass production, with a strong product innovation capability, including the early introduction of integrated energy storage systems[34] - The company's smart charging pile supports multiple modes, including economic, photovoltaic priority, fast charging, and load balancing, and can be integrated with photovoltaic and energy storage systems[30] - The company's products are sold in over 80 countries, with a strong presence in Europe and the US, and partnerships with nearly 700 global clients[48] - The company has established subsidiaries in the UK, US, Netherlands, Japan, and Germany to enhance market expansion and service capabilities[48] Environmental and Social Responsibility - The company invested 820,000 RMB in environmental protection during the reporting period[75] - The company's inverter production process generates wastewater, exhaust gas, noise, and solid waste, but all pollutants are properly treated or discharged up to standard[76] - The company has established a comprehensive set of environmental and safety management systems, including ISO14001:2015 and ISO45001:2018 certifications[78] - In June 2024, the company was awarded the "2023 Zhejiang Province Corporate Social Responsibility Benchmark Enterprise (Environmental Protection)" by the Zhejiang Provincial Corporate Social Responsibility Promotion Association[79] - The company implements green manufacturing practices, including energy consumption monitoring and optimization, and uses environmentally friendly materials and equipment[80] - The company installed a 2MW photovoltaic grid-connected power station at its Tonglu factory, with an average annual power generation of approximately 1.8 million kWh, reducing CO2 emissions by about 1,353 tons annually[82] - The company has implemented photovoltaic carports and smart charging piles to provide convenient and green charging services for new energy vehicles, supporting green transportation initiatives[82] Corporate Governance and Shareholder Commitments - The actual controllers, Li Xinfu and Li Guomei, along with their relatives, have committed to not transferring or entrusting others to manage their shares for 36 months after the company's IPO[86] - Shareholders holding more than 5% of the company's shares, excluding the actual controllers, have also committed to share lock-up periods as per IPO-related promises[84] - The company's directors, supervisors, and senior management, including core technical personnel, have committed to share lock-up periods and other long-term obligations[85] - The company and its actual controllers have made long-term commitments to resolve issues related to competition and related-party transactions[85] - The company has established a comprehensive set of commitments to ensure compliance with regulatory requirements and maintain stability in shareholding post-IPO[86] - Shareholders holding more than 5% of shares, excluding the actual controller, commit to not transferring or entrusting management of their shares for 12 months post-listing, and 36 months if capital reserve is converted into share capital within 6 months before application[88] - Shareholders holding less than 5% of shares commit to not transferring or entrusting management of their shares for 12 months post-listing, and 36 months if capital reserve is converted into share capital within 6 months before application[89] - Shareholders including Hangzhou Sangbei, Hangzhou Baicheng, and Juxian Yongjin commit to not transferring or entrusting management of their shares for 12 months post-listing, and 36 months if capital reserve is converted into share capital within 6 months before application[91] - Directors, supervisors, and senior management, excluding Guo Huawei, commit to not transferring or entrusting management of their shares for 12 months post-listing, and 36 months if capital reserve is converted into share capital within 6 months before application[92] - Director and core technical personnel Guo Huawei commits to not transferring or entrusting management of his shares for 12 months post-listing, and 36 months if capital reserve is converted into share capital within 6 months before application[94] - Core technical personnel Song Yuanbin, Shi Xinmiao, and Wei Qikang commit to not transferring or entrusting others to manage their directly or indirectly held company shares for 12 months after the company completes its IPO[96] - Core technical personnel commit to not transferring more than 25% of their pre-IPO shares annually for 4 years after the lock-up period expires, with cumulative usage allowed[97] - The company and its actual controllers, directors, and senior management commit to implementing the stock price stabilization plan and taking corresponding measures if conditions are met[98] - The company commits to initiating a share repurchase program within 5 trading days if the prospectus is found to contain false statements or omissions that significantly impact the IPO conditions[99] - The actual controllers Li Xinfu and Li Guomei commit to repurchasing all shares sold during the IPO if the company is found to have engaged in fraudulent issuance[99] - The company and its actual controllers commit to repurchasing all newly issued shares at no less than the IPO price if fraudulent issuance is confirmed[100] - The company's controlling shareholders, Li Xinfu and Li Guomei, have committed to not interfering with the company's management and operations, and to not encroach on the company's interests. They also pledged to fulfill measures to fill the diluted immediate returns and bear legal responsibility if they violate these commitments[100][101] - The company has established a profit distribution policy in accordance with relevant laws and regulations, and commits to strictly implementing this policy after the IPO to protect the interests of small and medium investors[102] - The company promises that the content of its prospectus is true, accurate, and complete. If the prospectus is found to contain false records, misleading statements, or major omissions, the company will initiate a share repurchase program within five trading days and compensate investors for losses[103][104] - The company's directors, supervisors, and senior management have also committed to the authenticity, accuracy, and completeness of the prospectus. They will compensate investors for losses if the prospectus is found to contain false records, misleading statements, or major omissions[105] - The sponsor, China Merchants Securities, has pledged to compensate investors for losses if the documents it prepared for the IPO contain false records, misleading statements, or major omissions[105] - The legal advisor, King & Wood Mallesons, has committed to the authenticity of the documents it prepared for the IPO and will compensate investors for losses if these documents contain false records, misleading statements, or major omissions[106] - The audit firm, Rongcheng Certified Public Accountants, has pledged to compensate investors for losses if the documents it prepared for the IPO contain false records, misleading statements, or major omissions[106] - The asset appraisal firm, Zhongshui Zhiyuan Asset Appraisal Co., Ltd., has committed to compensating investors for losses if the documents it prepared for the IPO contain false records, misleading statements, or major omissions[106] Related-Party Transactions and Commitments - The controlling shareholder and actual controller commit to avoiding new competitive businesses that could adversely affect the company's main operations[107] - No direct or indirect engagement in competitive businesses by the controlling shareholder and its controlled entities as of the commitment date[107] - The controlling shareholder will transfer or terminate any competitive business if it arises, with the company having priority to acquire such business[107] - The controlling shareholder will prioritize the company for any investment or business opportunities related to competitive businesses[107] - The commitment remains effective as long as the controlling shareholder is an affiliate of the company[107] - The actual controllers, Li Xinfu and Li Guomei, commit to avoiding and regulating related-party transactions since January 1, 2020[108] - Related-party transactions will be conducted on fair and equivalent terms, with prices determined by independent third-party transactions[108] - The actual controllers will ensure that related-party transactions do not harm the interests of the company or its shareholders[108] - Directors, supervisors, and senior management also commit to avoiding related-party transactions and ensuring fairness in such transactions[109] - Major shareholders holding more than 5% of the company's shares commit to avoiding related-party transactions and ensuring fairness[109] - The company's total expected amount for daily related-party transactions in 2024 is RMB 680 million[117] Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[116] - The company has no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[114] - The company has no illegal guarantees during the reporting period[114] - The company has no bankruptcy restructuring-related matters during the reporting period[115] - The company has no significant changes or handling of non-standard audit opinion matters from the previous annual report[115] - The company has no significant illegal activities or penalties involving its directors, supervisors, senior management, controlling shareholders, or actual controllers during the reporting period[116] - The company has no issues regarding the integrity status of the company and its controlling shareholders or actual controllers during the reporting period[116] Financial Guarantees and Liabilities - Total guarantee amount (A + B) is 315,398,400 yuan, accounting for 7.09% of the company's net assets[125] - The company provided a joint liability guarantee of 6.4 billion yen for Solax Power Network (Japan) Co., LTD's debt obligations[125] - Total funds raised from the initial public offering amounted to 222,640,000 yuan, with net funds after deducting issuance costs of 198,807,450 yuan[126] - As of the reporting period, the cumulative investment in raised funds reached 39,273,660 yuan, representing 19.75% of the total raised funds[126] - The company's guarantee for subsidiaries totaled 315,398,400 yuan during the reporting period[123] - The company's guarantee for subsidiaries at the end of the reporting period also totaled 315,398,400 yuan[123] - The company's guarantee for subsidiaries with a debt-to-asset ratio exceeding 70% amounted to 315,398,400 yuan[125] - The company's guarantee for subsidiaries accounted for 7.09% of the company's net assets[125] - The company's guarantee for subsidiaries was provided to support the development of Solax Power Network (Japan) Co., LTD[125] Capital and Share Structure - The total number of shares increased from 120,000,000 to 160,000,000 due to the issuance of 40,000,000 new shares[135] - The number of restricted shares increased from 120,000,000 to 141,440,591, accounting for 88.40% of the total shares[134] - The number of unrestricted shares increased to 18,559,409, accounting for 11.60% of the total shares[135] - The company has 8,513 ordinary shareholders as of the reporting period[137] - Li Xinfu holds 31,043,160 shares, accounting for 19.40% of the total shares[139] - Li Guomei holds 25,052,880 shares, accounting for 15.66% of the total shares[139] - Shanghai Zhongdiantou Ronghe New Energy Investment Management Center holds 6,388,320 shares, accounting for 3.99% of the total shares

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative performance increase of over 15% compared to the benchmark index within the next 6 to 12 months [71]. Core Insights - The company is a well-known international provider of photovoltaic energy storage systems and products, primarily serving overseas customers with energy storage inverters and batteries [3][14]. - The company has experienced rapid revenue growth, with a CAGR of 128% from 2019 to 2022, and a significant increase in net profit during the same period [3][19]. - The report highlights the strong demand for household photovoltaic and energy storage systems in emerging markets such as Southeast Asia, South Africa, and Latin America, driven by high electricity demand and insufficient grid infrastructure [3][36]. - The company is actively expanding into new markets, with a notable increase in revenue from non-European regions, particularly Asia [3][54]. Financial Summary - The company's revenue is projected to be 45.6 billion, 56.5 billion, and 71.0 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 1.9%, 23.9%, and 25.6% [63][66]. - The net profit for the same years is expected to be 4.8 billion, 8.0 billion, and 10.9 billion yuan, with growth rates of -55%, 68%, and 37% [67]. - The company's overall gross margin is projected to improve from 39.9% in 2024 to 41.7% in 2026 [66]. Revenue Structure - The majority of the company's revenue comes from energy storage inverters and batteries, with energy storage batteries accounting for 52.5% of revenue in 2023 [21][19]. - The company has maintained a stable gross margin, with energy storage battery margins ranging from 33% to 35% over recent years [23][51]. Market Expansion - The company is focusing on expanding its presence in emerging markets, where demand for energy storage solutions is high due to frequent power outages and the need for reliable electricity supply [3][36]. - The report notes that the company has developed cost-effective energy storage solutions tailored for these markets, enhancing its competitive edge [3][56]. Competitive Position - The company has steadily increased its market share in the energy storage sector, with a rise in the market share of household energy storage batteries from 1.6% in 2020 to 5.4% in 2023 [48][21]. - The report indicates that the company's pricing strategy and product development are aligned with market demands, particularly in price-sensitive regions [3][56].

Investment Rating - Buy rating, first coverage [4] Core Views - Aerosun Energy is a leading inverter company with a strong focus on the energy storage sector, particularly in residential energy storage systems [4] - The company has a significant presence in Europe, with over 85% of its revenue coming from the region in 2023 [4] - Aerosun Energy's revenue in 2022 surged by 454% to 4.612 billion yuan, driven by the explosive demand for residential energy storage in Europe, but declined by 3% in 2023 due to inventory pressures [4] - The company's gross margin remains stable, but net profit margin fluctuates significantly due to the negative correlation between operating expenses and revenue scale [4] European Market Dynamics - European residential energy storage demand remains strong, with policies continuing to support growth [5] - Inventory destocking in Europe is nearing its end, with expectations of a 30% year-on-year increase in installations to 12.3GWh in 2024, and a compound annual growth rate (CAGR) of over 35% from 2023 to 2025 [5] - The competitive landscape in Europe is fragmented, with Chinese companies having significant room to increase their market share [5] Global Market Expansion - Aerosun Energy has a strong presence in Europe and the US, with a well-established brand and extensive trade network [6] - The company is actively expanding into emerging markets in Asia, Australia, Africa, and Latin America, with promising growth momentum [6] - Aerosun Energy's ODM business, particularly with Hanwha, provides a stable revenue stream and potential for further growth in the US market [6] Financial Projections - Aerosun Energy is expected to achieve net profits of 460 million yuan and 730 million yuan in 2024 and 2025, respectively, with corresponding P/E ratios of 23x and 15x [6] Product and Technology - Aerosun Energy is one of the earliest companies to develop integrated inverter and battery systems, with a strong focus on R&D and technological innovation [42][43] - The company has a robust portfolio of products with over 1,100 certifications, enabling it to meet diverse market requirements [35][36] Sales and Marketing - Aerosun Energy's sales expenses are higher than industry averages due to its rapid expansion and international focus, but these expenses are expected to decrease as sales volumes increase [50] - The company is leveraging its trade network and ODM partnerships to enhance its market presence and brand reputation [34][38]

招商证券股份有限公司 关于浙江艾罗网络能源技术股份有限公司 相关股东延长锁定期的核查意见 公积转增股本取得的新增发行人股份，也不由公司回购该部分股份。若公司上市 后 6 个月内发生公司股票连续 20 个交易日的收盘价均低于发行价，或者上市后 6 个月期末（如该日不是交易日，则为该日后第一个交易日）收盘价低于发行价， 本人所持公司股票的锁定期限自动延长 6 个月。若上述期间内公司因派发现金红 利、送股、转增股本等原因进行除权、除息的，发行价按规定做相应调整。 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为浙江 艾罗网络能源技术股份有限公司（以下简称"艾罗能源"、"公司"）首次公开发 行股票并在科创板上市持续督导阶段的保荐人，根据《证券发行上市保荐业务管 理办法》《上海证券交易所科创板股票上市规则》等有关规定，对艾罗能源相关 股东延长股份锁定期的事项进行了核查，核查情况及核查意见如下： 一、公司首次公开发行股票的情况 根据中国证券监督管理委员会于 2023 年 5 月 16 日印发的《关于同意浙江艾 罗网络能源技术股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕 1094 号）的决定 ...

证券代码：688717 证券简称：艾罗能源 公告编号：2024-033 浙江艾罗网络能源技术股份有限公司 关于相关股东延长锁定期的公告 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、准确性和完整性承担法律责任。 重要内容提示： 浙江艾罗网络能源技术股份有限公司（以下简称"公司"或"发行人"） 控股股东、实际控制人李新富及李国妹，董事陆海良，公司股东李秋明直接或 间接持有的公司首次公开发行前股份的锁定期延长6个月至2027年7月3日。 公司董事、核心技术人员郭华为直接持有的公司首次公开发行前50%的 股份锁定期延长6个月至2025年7月3日，另50%股份锁定期延长6个月至2025年11 月5日。 公司董事、财务总监闫强，董事归一舟，监事会主席祝东敏，监事梅建 军，监事高志勇，董事会秘书盛建富间接持有的公司首次公开发行前50%的股份 锁定期延长6个月至2025年7月3日，另50%股份锁定期延长6个月至2025年11月5 日。 一、公司首次公开发行股票的情况 根据中国证券监督管理委员会于2023年5月16日印发的《关于同意浙江艾罗 网络能源技术股份有限公司首次 ...