9月16日，世界经济论坛（WEF）公布最新一批"灯塔工厂"名单，全球12座工厂入选。其中，通威太阳 能眉山公司是此次全球光伏行业唯一入围工厂，意味着全球光伏电池制造领域首个"灯塔工厂"诞生，标 志着中国光伏产业在智能制造与数字化转型领域再次走在世界前列。这也是四川本土企业首家"灯塔工 厂"。 ...

有投资者在投资者互动平台提问：目前公元新能年生产能力达1.5GW吗？业绩贡献公元股份的光伏业务 贡献营收占比正在逐年提高吗？，2024年上半年是否已成为公司重要的业绩增长点之一？ 公元股份（002641.SZ）9月16日在投资者互动平台表示，公司控股子公司公元新能的太阳能光伏组件年 产能已达1.5GW以上。近几年，光伏业务营收占比在公司整体营收中占比持续提升，2024年上半年相关 业务收入占比16%，2025年上半年相关业务占比17%。近两年，公元新能尽管光伏组件营收金额有所下 降，但光伏组件出货量保持稳步增长。 ...

每经AI快讯，有投资者在投资者互动平台提问：目前公元新能年生产能力达1.5GW吗？业绩贡献公元股 份的光伏业务贡献营收占比正在逐年提高吗？，2024年上半年是否已成为公司重要的业绩增长点之一？ （记者 王晓波） 公元股份（002641.SZ）9月16日在投资者互动平台表示，公司控股子公司公元新能的太阳能光伏组件年 产能已达1.5GW以上。近几年，光伏业务营收占比在公司整体营收中占比持续提升，2024年上半年相关 业务收入占比16%，2025年上半年相关业务占比17%。近两年，公元新能尽管光伏组件营收金额有所下 降，但光伏组件出货量保持稳步增长。 ...

日本前经济安全保障担当大臣小林鹰之：国家应该停止推广太阳能电池板。 ...

Core Viewpoint - The solar energy company's stock has experienced fluctuations, with a recent decline in price and a notable decrease in revenue and net profit year-on-year [1][2]. Group 1: Stock Performance - As of September 16, the solar energy stock price dropped by 2.11% to 4.65 CNY per share, with a trading volume of 155 million CNY and a turnover rate of 0.84%, resulting in a total market capitalization of 18.221 billion CNY [1]. - Year-to-date, the stock price has increased by 0.06%, but it has decreased by 3.53% over the last five trading days [2]. - Over the past 20 days, the stock price has risen by 3.33%, and over the last 60 days, it has increased by 8.80% [2]. Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 2.697 billion CNY, representing a year-on-year decrease of 16.84%, while the net profit attributable to shareholders was 677 million CNY, down 16.89% year-on-year [2]. - The company's main revenue sources include solar power sales (84.48%), solar product sales (15.10%), and other income (0.42%) [2]. Group 3: Shareholder and Dividend Information - Since its A-share listing, the company has distributed a total of 3.317 billion CNY in dividends, with 1.940 billion CNY distributed over the last three years [3]. - As of June 30, 2025, the number of shareholders was 161,700, a decrease of 3.69% from the previous period, with an average of 22,289 circulating shares per shareholder, an increase of 3.83% [2][3]. - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from South China Asset Management and Hong Kong Central Clearing [3].

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China Solar Industry - **Key Focus**: Development of Battery Energy Storage Systems (BESS) and polysilicon pricing trends Core Insights and Arguments 1. **Polysilicon Price Trends**: - The monograde polysilicon price increased by 4.2% week-over-week (WoW) to Rmb50/kg as of September 8, with current inventory at 31,000 tons, up 3% WoW [1][2] - Monthly polysilicon production is forecasted to rise by 2% month-over-month (MoM) to 128,000 tons (equivalent to 55GW) in September [1] 2. **Wafer and Cell Prices**: - N-type wafer prices for M10/G12 rose by 4.0% and 3.1% WoW to Rmb1.30 and Rmb1.65 per piece, respectively [2] - TOPcon cell prices for M10/G12 increased by 3.3% and 1.7% WoW to Rmb0.31 and Rmb0.30 per watt [2] - Module prices remained stable at Rmb0.69 and Rmb0.76 per watt for TOPcon and back contact modules, respectively [2] 3. **Module Production and Demand**: - Module production slightly declined MoM to 50GW in September, with demand primarily driven by overseas customers stockpiling due to anticipated price increases [2] 4. **Solar Glass Inventory**: - Solar glass prices remained unchanged at Rmb13.00 and Rmb20.00 per square meter for 2.0mm and 3.2mm thicknesses, respectively [3] - Inventory of solar glass decreased by 12.1% WoW to 16.13 days [3] 5. **BESS Development Action Plan**: - On September 12, China announced a BESS development action plan targeting a cumulative capacity of 180GW by 2027 [4] - The plan includes incentives for market transactions involving "renewables+BESS" projects and aims to improve the pricing mechanism for BESS [4] - As of the end of H1 2025, China's cumulative BESS capacity reached 95GW/222GWh, indicating significant growth potential in the next two years [4] 6. **Provincial Pricing Mechanism**: - Shandong province announced a mechanism price for solar projects at Rmb0.225/kWh, which is lower than the wind mechanism price of Rmb0.319/kWh [5] - For eligible solar projects, 80% of total power generation can be priced at the mechanism price, while the remainder will be priced through market transactions [5] Additional Important Insights 1. **Risks to the Solar Industry**: - Major downside risks include slower-than-expected growth in installed renewable energy capacity, larger-than-expected tariff cuts, and competition from other power resources [23] - Upside risks involve faster-than-expected capacity growth, smaller-than-expected tariff cuts, and market share gains for solar energy [24] 2. **Market Dynamics**: - The current market dynamics suggest a potential for increased demand for BESS due to improved transaction mechanisms and pricing strategies [4] This summary encapsulates the critical developments and insights from the conference call regarding the China solar industry, focusing on pricing trends, production forecasts, and strategic initiatives in the BESS sector.

Core Insights - The industrial economy is showing steady progress with most industries and products experiencing growth, supported by robust equipment manufacturing and a rebound in raw materials manufacturing [1][2][5] Group 1: Industrial Production Growth - In the first eight months of the year, the industrial added value above designated size increased by 6.2% year-on-year, 0.4 percentage points higher than the same period last year [2] - In August, the industrial added value increased by 5.2% year-on-year, with a month-on-month growth of 0.37% after seasonal adjustments [2] - Among the three major sectors, manufacturing added value grew by 5.7%, outpacing the overall industrial growth by 0.5 percentage points [2] Group 2: Equipment Manufacturing - The added value of equipment manufacturing above designated size increased by 8.1% year-on-year, accounting for 35.6% of total industrial output, an increase of 1.0 percentage points from 2024 [3] - All eight industries within equipment manufacturing maintained growth, with the railway, shipbuilding, and aerospace sectors achieving a double-digit growth rate of 12.0% [3] - Key products in the mid-to-high-end equipment sector saw significant production increases, including civil steel ships (39.8%), generator sets (30.7%), and urban rail vehicles (15.3%) [3] Group 3: Raw Materials Manufacturing - The added value of raw materials manufacturing increased by 6.8% year-on-year, marking the highest growth rate in 18 months [3] - The non-ferrous metal industry saw a 9.1% increase in added value, driven by sustained high prices [3] - The petroleum processing industry maintained a double-digit growth rate of 10.2% [3] Group 4: High-Tech Manufacturing - High-tech manufacturing added value grew by 9.3% year-on-year, contributing 28.5% to the overall industrial growth [4] - Key sectors such as aircraft manufacturing and biopharmaceuticals saw substantial growth rates of 27.9% and 14.5%, respectively [4] - Notable product growth included servers (86.2%), mobile communication base station equipment (48.9%), and 5G smartphones (15.6%) [4] Group 5: Green Transition - The production of new energy vehicles, lithium-ion batteries for vehicles, and solar cells saw year-on-year increases of 22.7%, 44.2%, and 16.8%, respectively [5] - Green equipment production, such as wind turbines and charging piles, experienced rapid growth rates of 78.1% and 14.9% [5] - The supply of green materials also increased, with carbon fiber and bio-based chemical fibers growing by 62.0% and 22.8% [5]

Core Insights - In August, the production of raw coal in large-scale industries saw a narrowing decline, while crude oil production accelerated. Natural gas and electricity production maintained steady growth [1] Group 1: Electricity Production - In August, the electricity generation of large-scale industries reached 936.3 billion kWh, marking a year-on-year increase of 1.6%. Daily average electricity generation exceeded 30 billion kWh for the first time, reaching 30.2 billion kWh [1] - From January to August, the total electricity generation was 6419.3 billion kWh, reflecting a year-on-year growth of 1.5%. After adjusting for the number of days, the daily average electricity generation increased by 1.9% year-on-year [1] Group 2: Breakdown by Energy Source - In August, the growth rate of wind power in large-scale industries accelerated, while the decline in hydropower expanded. The growth rates for thermal power, nuclear power, and solar power slowed down [1] - Specifically, thermal power increased by 1.7% year-on-year, with a slowdown of 2.6 percentage points compared to July. Hydropower saw a decline of 10.1%, with the decline expanding by 0.3 percentage points from July. Nuclear power grew by 5.9%, slowing down by 2.4 percentage points from July [1] - Wind power experienced a significant growth of 20.2%, accelerating by 14.7 percentage points compared to July. Solar power grew by 15.9%, but the growth rate slowed down by 12.8 percentage points from July [1]

| / גריע ( / / ואימע | 11771 | 7.1 | 1706 | D.D | | --- | --- | --- | --- | --- | | 十种有色金属(万吨) | ୧୪୫ | 3.8 | 5432 | 3 1 | | 其中:原铝(电解铝) (万吨) | 380 | -0.5 | 3014 | 2.2 | | 金属切削机床(万台) | 7 | 16.4 | રેર | 14.6 | | 工业机器人(套) | 63747 | 14.4 | 512129 | 299 | | 服务机器人(套) | 1459525 | -6.5 | 11856113 | 18.9 | | 汽车(万辆) | 275.2 | 10.5 | 2082.9 | 10.5 | | 其中:轿车(万辆) | 107.9 | 11.6 | 791.7 | 10.2 | | 运动型多用途乘用车(SUV)(万辆) | 116.7 | 7.1 | 878.3 | 87 | | 其中:新能源汽车(万辆) | 133.3 | 22.7 | 938.2 | 31.4 | | 发电机组(发电设备)(万千瓦) | 3002 | 30 7 ...

Core Viewpoint - The company, China Electric Power Construction Group New Energy Co., Ltd. (referred to as "Electric Power New Energy"), has received approval for its IPO on the Shanghai Stock Exchange, aiming to raise 9 billion yuan for its renewable energy projects [1][4]. Group 1: Business Overview - Electric Power New Energy focuses on the development, investment, operation, and management of wind and solar power generation projects within China, with its main product being electricity [4]. - The company has expanded its installed capacity significantly, with a total of 21.2461 million kilowatts as of the end of Q1 2025, comprising 9.8909 million kilowatts from wind power and 11.3552 million kilowatts from solar power [4]. - The company holds a 1.43% market share in the national installed capacity of renewable energy projects, ranking among the industry leaders, with wind power at 1.85% and solar power at 1.20% [4]. Group 2: Financial Performance - From 2022 to Q1 2025, Electric Power New Energy reported revenues of 8.382 billion yuan, 8.728 billion yuan, 9.81 billion yuan, and 2.661 billion yuan, respectively, with net profits of 1.768 billion yuan, 2.329 billion yuan, 2.589 billion yuan, and 511 million yuan, indicating stable annual growth [5]. - The company's installed capacity grew significantly during the reporting period, from 9.045 million kilowatts in 2022 to 21.2461 million kilowatts by Q1 2025 [5]. - The majority of the company's revenue comes from electricity sales, with over 95% of total revenue attributed to its main business, primarily from wind power, which accounted for over 69% of the main business revenue during the reporting period [5]. Group 3: Future Prospects and IPO Plans - The company is expected to achieve substantial growth in scale due to its expanding installed capacity and a robust project reserve [6]. - The IPO proceeds of 9 billion yuan will be allocated to the construction of wind and solar power projects, focusing on four categories: "New Energy Large Base Projects," "Green Ecological Civilization Projects," "Local Load Center Projects," and "Industry Integration Development Projects" [6].