Group 1: Industry Overview - Solar energy is rapidly integrating into urban construction, driven by global energy transition and sustainable development [1] - The global solar city lighting market is expected to grow significantly due to technological advancements, cost reductions, and policy support for carbon neutrality [2] - BIPV (Building-Integrated Photovoltaics) is leading a green revolution in the construction industry, with a projected global market size of $300 billion by 2030 and a compound annual growth rate exceeding 20% [3] Group 2: Event Highlights - The "2025 World Solar City Lighting Application Exhibition" will showcase over 3,000 brands and attract 300,000 professional visitors, focusing on innovations in solar city lighting [1][4] - The exhibition will feature over 2,000 certified suppliers, covering the entire industry chain from lighting fixtures to control systems and design solutions [4] - Industry forums and seminars will invite experts to discuss trends, technological innovations, and standardization in solar city lighting and BIPV, fostering collaboration and innovation [4]

Group 1: Company Overview and Future Plans - The company aims to exceed a total scale of 13.6 GW for operational, under construction, and planned power stations by the end of 2025, with projected revenue of CNY 5.26 billion and net profit not less than CNY 1.318 billion [2] - The company expects to add approximately 1.5 GW of new installed capacity in 2025, with total investment in photovoltaic power stations estimated at around CNY 6 billion, assuming a cost of CNY 4 per watt [3] Group 2: Market Performance - In 2024, the total electricity traded in the market was 3.283 billion kWh, an increase of 858 million kWh year-on-year, accounting for approximately 47.07% of the company's total sales volume [4] - The average market transaction price was approximately CNY 0.2172 per kWh, excluding subsidies [4] Group 3: Dividend Policy - Over the past three years, the company has distributed a total cash dividend of approximately CNY 1.512 billion, with a dividend payout ratio of about 36% of the average annual net profit attributable to shareholders [5] Group 4: Project Distribution and Acquisition Criteria - Current construction projects are primarily located in East China, Central China, North China, Xinjiang, and South China [6] - The company evaluates acquisition projects based on compliance, yield, and local consumption conditions, focusing on projects that meet compliance requirements, have suitable yields, and present lower risks [8]

Debt Restructuring and Management - The company is actively negotiating a debt settlement plan with Putana Limited, its investment fund creditor, due to the expiration of Putana's investment term and the inability to extend or renew any outstanding debts [1] - The company has introduced strategic investor Pandana Capital Limited to acquire the debts owed to Putana, with Pandana currently in the process of phased debt acquisition [1] - A legal letter from Putana's law firm claims that approximately $3.65 million of debt remains unpaid, hindering the completion of the debt acquisition [1] - The company is exploring various solutions with Pandana, including partial repayment, debt capitalization, and/or extending the maturity of defaulted debts [1][2] Energy Business Initiatives - The company is investing in a new energy project in Fushan, Shanxi Province, focusing on a flywheel-lithium iron phosphate battery hybrid energy storage system, with a total capacity of 150 MW [3] - A feasibility study for the Fushan project is expected to be completed by May 2025, with construction anticipated to begin in the second half of 2025 and completion projected for the first half of 2026 [3] Logistics Business Development - The company is in the process of acquiring Zhilian Cloud, a logistics cloud technology platform in China, to expand revenue sources and enhance profit margins in its logistics business [4] - The acquisition is currently delayed due to internal restructuring at Zhilian Cloud and its affiliated companies, with ongoing discussions between the company, the seller, and Zhilian Cloud to advance the acquisition or explore other collaboration opportunities in smart logistics [4]

Core Viewpoint The company has developed a valuation enhancement plan due to its stock price being below the audited net asset value per share for 12 consecutive months, aiming to improve its market value and investor returns through various strategic initiatives. Group 1: Valuation Enhancement Plan - The company will implement a valuation enhancement plan as its stock price has been below the audited net asset value per share for 12 consecutive months [1][2] - The plan focuses on sustainable development through expanding photovoltaic power station scale and optimizing resource allocation [3][4] - The company aims to achieve an average annual installed capacity growth of no less than 15% from 2025 to 2027, targeting over 10 GW of operational projects by the end of 2027 [3] Group 2: Strategic Initiatives - The company will enhance operational efficiency by integrating intelligent maintenance platforms and improving data analysis capabilities, aiming for an annual power generation increase of no less than 10 million kWh from existing stations [5][6] - Cost control measures will be strengthened to reduce average operation and maintenance costs by 5% in 2025 compared to 2024 [7][8] - New business ventures, including electricity sales and energy storage, will be explored to drive growth and improve profitability [8][9] Group 3: Investor Relations and Communication - The company plans to maintain a proactive cash dividend policy, with cumulative dividends and share buybacks amounting to no less than 30% of the annual net profit attributable to shareholders during the implementation of the valuation enhancement plan [10] - A robust information disclosure and crisis management mechanism will be established to ensure transparency and timely communication with investors [11][12] - The company will enhance communication with diverse investors through various channels, including shareholder meetings and roadshows, to share its development status and future prospects [12][13] Group 4: Governance and Compliance - The company will strengthen its governance structure and compliance operations, ensuring adherence to regulatory requirements and enhancing operational efficiency [15][16] - A long-term incentive mechanism will be established to align employee performance with company goals, promoting innovation and productivity [9][15] - The board believes that the valuation enhancement plan is reasonable and feasible, contributing to long-term value creation and investor benefits [17]

市场消息：叙利亚政府将于周四与四家公司签署协议，通过开发燃气轮机和太阳能发电厂，将电网容量 提升5000兆瓦。 ...

华泰联合证券有限责任公司 关于中节能太阳能股份有限公司 使用部分闲置募集资金临时补充流动资金的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为中节能太阳能股份有限公司（以下简称"太阳能"或"公司"）向不特定对象 发行可转换公司债券的保荐人，承接了原保荐人尚未完成的 2022 年度向特定对 象发行股票持续督导工作，根据《证券发行上市保荐业务管理办法》《上市公司 监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等有关法律、法规和规范性文件的要求，对太阳能使用部分闲置 募集资金临时补充流动资金事项进行了核查，核查情况及核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准中节能太阳能股份有限公司非公开发 行股票的批复》（证监许可〔2022〕1045 号）核准，公司向特定对象发行人民币 普通股（A 股）902,129,409 股，发行价格为人民币 6.63 元/股，募集资金总额为 人民币 5,981,117,981.67 元，本次向特定对象发行股票募集 ...

华泰联合证券有限责任公司 关于中节能太阳能股份有限公司 调整部分募集资金投资项目预计达到可使用状态时间的核 查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为中节能太阳能股份有限公司（以下简称"太阳能"或"公司"）向不特定对象 发行可转换公司债券的保荐人，同时承接了原保荐人尚未完成的 2022 年度向特 定对象发行股票持续督导工作，根据《证券发行上市保荐业务管理办法》《上市 公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等有关法律、法规和规范性文件的要求，对太阳能调整部分 募集资金投资项目预计达到可使用状态时间事项进行了核查，核查情况及核查意 见如下： 一、募集资金基本情况 （一）2022 年向特定对象发行股票项目募集资金情况 经中国证券监督管理委员会《关于核准中节能太阳能股份有限公司非公开发 行股票的批复》（证监许可〔2022〕1045 号）核准，公司向特定对象发行人民币 普通股（A 股）902,129,409 股，发行价格为人民币 6.63 元/股，募集资 ...

中节能太阳能股份有限公司 市值管理制度 第一章 总 则 第一条 为进一步加强和规范中节能太阳能股份有限公司（以下 简称公司）的市值管理行为，确保公司市值管理活动的合规性、科学 性、有效性，公司依据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司监管指引第 10 号——市值管理》等有关法律法 规，结合公司实际情况，制定本制度。 第二条 本制度所指市值管理，是指以提高公司质量为基础，为 提升公司投资价值和股东回报能力而实施的战略管理行为。 第二章 市值管理的目的与基本原则 第三条 市值管理以扎实稳健的经营为基础，通过增强信息披露 质量和透明度，运用资本运作、权益管理、投资者关系管理等手段， 推动公司投资价值合理体现公司质量。 第四条 市值管理的基本原则 （一）系统性原则 市值管理应当按照系统思维、整体推进的原 则，持续改善影响公司市值增长的各大关键要素。 （二）科学性原则 公司应当依据市值管理的客观规律，科学研 判影响公司投资价值的关键性因素，以提升公司质量为基础开展市值 管理工作。 1 （三）规范性原则 公司的市值管理行为应当建立在遵守国家各 项法律法规的基础上。 （四）常态性原则 公司的市值管理工 ...

| 证券代码：000591 | 证券简称：太阳能 | | 公告编号：2025-72 | | --- | --- | --- | --- | | 债券代码：127108 | 债券简称：太能转债 | | | | 债券代码：149812 | 债券简称：22太阳 | G1 | | | 债券代码：148296 | 债券简称：23 | 太阳 GK02 | | 中节能太阳能股份有限公司 关于调整部分募集资金投资项目预计达到 可使用状态时间的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 中节能太阳能股份有限公司（以下简称公司）2025年5月28日召开了第十一 届董事会第十九次会议和第十一届监事会第十五次会议，审议通过了《关于调整 部分募集资金投资项目预计达到可使用状态时间的议案》，同意在实施主体、募 集资金投资用途及投资规模均不发生变更的情况下，对公司2022年非公开发行股 票和2025年向不特定对象发行可转换公司债券部分募投项目达到预定可使用状 态的时间进行调整。相关情况公告如下： 公司分别于2022年度、2025年度完成非公开发行股票（以下简称非公开项目）、 向不 ...

| 证券代码：000591 | 证券简称：太阳能 | | 公告编号：2025-70 | | --- | --- | --- | --- | | 债券代码：127108 | 债券简称：太能转债 | | | | 债券代码：149812 | 债券简称：22太阳 G1 | | | | 债券代码：148296 | 债券简称：23 太阳 | GK02 | | 中节能太阳能股份有限公司 估值提升计划 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、触及情形及审议程序 （一）触及情形 根据《上市公司监管指引第 10 号--市值管理》，股票连续 12 个月每个交易 日的收盘价均低于其最近一个会计年度经审计的每股归属于普通股股东的净资 产的上市公司，应当制定估值提升计划，并经董事会审议后披露。 自 2024 年 4 月 1 日至 2025 年 3 月 31 日，中节能太阳能股份有限公司(以下 简称公司)股票每个交易日的收盘价均低于公司最近一个会计年度经审计的每股 归属于公司普通股股东的净资产，属于应当制定估值提升计划的情形。其中：2024 年 4 月 1 日至 2024 年 ...