中节能太阳能股份有限公司 董事会审计与风险控制委员会议事规则 第一章 总 则 第一条 为强化中节能太阳能股份有限公司（以下简称"公 司"）董事会决策功能，做到事前审计、专业审计，实现对公 司财务收支和各项经营活动的有效监督，完善公司治理结构， 根据《中华人民共和国公司法》（以下简称《公司法》）、《上 市公司治理准则》《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》《中节能太阳能股份有限公 司章程》（以下简称《公司章程》）、《中节能太阳能股份有 限公司董事会议事规则》（以下简称《董事会议事规则》）以 及其他有关规定，公司特设立董事会审计与风险控制委员会 （以下简称"审计与风险控制委员会"），并制定本议事规则。 第二条 审计与风险控制委员会是董事会设置的专门委员 会，主要负责公司内部审计工作的管理和指导，外部审计的沟 通、监督和核查工作。 第三条 审计与风险控制委员会对董事会负责，根据《公 司章程》《董事会议事规则》及本议事规则规定的职责范围履 行职责，独立工作，不受公司其他部门干涉。 第二章 人员组成 — 1 — 第四条 审计与风险控制委员会成员为三名，为不在公司 担任高级管理人员的董事 ...

中节能太阳能股份有限公司 内幕信息知情人登记管理制度 第一章 总则 第六条 公司由董事会秘书负责证券监管机构、证券交易所、证 券公司等机构及新闻媒体、股东的接待、咨询（质询）、服务工作。 第一条 为规范中节能太阳能股份有限公司（以下简称"公司"） 内幕信息管理，加强内幕信息保密工作，维护信息披露的公平原则， 保护广大投资者的合法权益，根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司信息披露管理办法》《上市公司监管指 引第 5 号——上市公司内幕信息知情人登记管理制度》《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》《深圳证券交易所上市公司自律监管指 引第 5 号——信息披露事务管理》等有关法律法规，以及《中节能太 阳能股份有限公司章程》（以下简称"《公司章程》"）、《中节能太阳能 股份有限公司信息披露管理办法》(以下简称"《信息披露管理办法》") 的有关规定，结合公司实际情况，特制定本制度。 第四条 公司股东、实际控制人以及其他知情人员应当对其知悉 的公司未披露重大信息予以保密，不得利用公司未公开重大信息单独 或者与他人合谋从事内幕交易 ...

公司 2020 年股票期权激励计划第二个行权期行权条件成就，经公司第十届 董事会第三十一次会议和第十届监事会第二十二次会议、第十届董事会第三十二 次会议和第十届监事会第二十三次会议审议通过后，2025 年 1 月完成首次授予 部分行权、2025 年 4 月完成预留部分行权，累计行权股份数量为 8,570,398 股， 均已完成股份登记手续。2020 年股票期权激励计划第二个行权期股票期权完成 行权后，公司总股本由 3,909,227,441 股变更为 3,917,797,839 股，公司注册资 本由 3,909,227,441 元变更为 3,917,797,839 元。 本次变更注册资本，公司将对《公司章程》中涉及到注册资本、股份总数等 内容条款进行同步修订。 关于变更公司注册资本的公告 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）于 2025 年 9 月 24 日召开第十 一届董事会第二十二次会议，审议通过了《关于变更公司注册资本的议案》，具 体内容如下： 该事项尚需提交公司股东大会审议，并须经出席会议的股东所持表 ...

| 证券代码：000591 | 证券简称：太阳能 | | 公告编号：2025-101 | | --- | --- | --- | --- | | 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 关于修订《公司章程》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）于 2025 年 9 月 24 日召开第十 一届董事会第二十二次会议、第十一届监事会第十八次会议，均审议通过了《关 于修订<公司章程>的议案》，具体内容如下： 一、《公司章程》修订情况 根据《公司法》《上市公司章程指引》及相关法律、法规及规范性文件的规 定，为进一步完善公司法人治理结构，促进公司规范运作，结合中节能太阳能股 份有限公司（以下简称公司）的实际情况，对《公司章程》进行修订。 《公司章程》修订后，公司不再设置监事会，由董事会审计与风险控制委员 会行使《公司法》规定的 ...

| 证券代码：000591 | 证券简称：太阳能 | | | 公告编号：2025-99 | | --- | --- | --- | --- | --- | | 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 | | 2.会议通知：会议通知及会议材料已于 2025 年 9 月 17 日以邮件方式发出。 3.会议出席人数：会议应到监事 3 人，出席监事 3 人，本次会议的召开符合 《公司法》和《公司章程》的有关规定，本次会议及通过的决议合法有效。 二、监事会会议审议情况 会议经记名投票，审议通过了以下议案： 《关于修订<公司章程>的议案》 中节能太阳能股份有限公司 第十一届监事会第十八次会议决议公告 本公司及监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、监事会会议召开情况 1.会议召开时间、地点和方式：中节能太阳能股份有限公司（以下简称公司） 第十一届监事会第十八次会议于2025年9月24日（星期三）以通讯 ...

| 证券代码：000591 | 证券简称：太阳能 | | | 公告编号：2025-98 | | --- | --- | --- | --- | --- | | 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 第十一届董事会第二十二次会议决议公告 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。 一、董事会会议召开情况 1.会议召开时间、地点和方式：中节能太阳能股份有限公司（以下简称公司） 第十一届董事会第二十二次会议于2025年9月24日（星期三）以通讯方式召开。 2.会议通知：会议通知及会议材料于2025年9月17日以邮件方式向全体董事、 监事、高级管理人员发出。 3.会议出席人数：会议应表决董事 9 人，实际表决董事 9 人。会议的召开符 合《公司法》和《公司章程》的有关规定，本次会议及通过的决议合法有效。 二、董事会会议审议情况 会议经记名投票，审议通过了以下议案 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Solar Energy, specifically focusing on polysilicon production in China - **Context**: The call discusses the implications of new energy efficiency benchmarks set by the Standardization Administration of China (SAC) as part of the anti-involution campaign aimed at consolidating the polysilicon supply chain [1][2] Core Insights - **New Energy Efficiency Benchmark**: A new mandatory benchmark for energy consumption in polysilicon production was released, which is stricter than previous estimates. This benchmark is expected to lead to the shutdown of approximately 1/3 of existing polysilicon production capacity in China, equating to about 1.1 million tons [1][6][8] - **Government's Tactical Move**: The new benchmark is seen as a significant step in the anti-involution process, aimed at removing outdated production capacity and accelerating consolidation within the industry. This is expected to facilitate a quicker commitment from lower-tier players to the capacity buyout plan [2][6] - **Impact on Non-Compliant Producers**: Producers failing to meet at least the level 3 standard will be required to upgrade their production technology within one year or face factory closures [6][8] Company-Specific Insights - **GCL Technology (3800 HK)**: Preferred as it meets the level 1 standard for energy usage. The company recently launched an equity placement at a 9% discount, which was positively received by the market. GCL is expected to be the first to recover during the sector downcycle due to its effective cost reduction and lower power usage [3][6][14] - **Daqo New Energy (DQ US)**: Valued at an undemanding level, with a market cap comparable to its net cash. The company has a USD 100 million share buyback plan, which is seen as a positive catalyst for future performance [3][14] - **Xinte Energy (1799 HK)**: Attractive due to its low price-to-book (PB) valuation. The company is positioned between level 2 and 3 standards [3][6][14] Market Dynamics - **Supply and Demand Rebalance**: The new benchmark is expected to lead to a meaningful rebalancing of supply and demand in the polysilicon market. The anticipated reduction in capacity is viewed as a necessary step to stabilize prices and improve market conditions [6][8] - **Polysilicon Price Trends**: Prices have been increasing since July, indicating a potential recovery in the market as the new regulations take effect [12] Risks and Valuation - **Valuation Risks**: Key risks include a significant drop in polysilicon prices, reduced demand from global buyers due to trade disputes, and rising upstream raw material costs. These factors could adversely affect the valuations of GCL Tech, Daqo, and Xinte [14][14] - **Target Prices**: - GCL Tech: Target price of HKD 1.80, implying a 29.5% upside [14] - Daqo New Energy: Target price of USD 31.00, implying a 13.8% upside [14] - Xinte Energy: Target price of HKD 11.00, implying a 33.5% upside [14] Conclusion - The new energy efficiency benchmarks represent a pivotal moment for the polysilicon industry in China, with significant implications for production capacity, market dynamics, and individual company valuations. The focus on compliance and consolidation is expected to reshape the competitive landscape in the coming quarters [2][6][8]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Clean Energy, specifically focusing on solar products in China and the Asia Pacific region [1][4] Core Insights and Arguments - **Polysilicon Prices**: - Average price for chunk polysilicon reached Rmb51/kg, reflecting a 2.0% increase week-over-week (WoW) [3][7] - Granular polysilicon prices remained stable at Rmb49/kg [7] - **Wafer and Cell Prices**: - Domestic wafer prices increased by 0-3.8% WoW, with prices ranging from Rmb1.35 to Rmb1.70 per piece [7] - Domestic cell prices remained flat WoW, priced between Rmb0.285 and Rmb0.31 per watt [7] - **Module Prices**: - TOPCon module prices for ground-mounted and distributed projects were stable at Rmb0.67/W and Rmb0.70/W, respectively [7] - Prices for TOPCon modules in the US, EU, and India also remained unchanged, with US prices at US$0.30/W [7] - **Solar Film and Resin Prices**: - Prices for solar films increased by 0-8.1% WoW, while EVA resin prices rose by 0.9-3.5% WoW [7] - POE resin prices remained stable [7] Year-over-Year and Month-over-Month Changes - **Year-over-Year (YoY) Changes**: - Polysilicon prices increased by 27.5% YoY, while wafer prices rose by 25.0% YoY [2] - Cell prices saw a 10.7% increase YoY [2] - TOPCon bifacial module prices decreased by 8.0% YoY [2] - **Month-over-Month (MoM) Changes**: - Polysilicon prices increased by 15.9% MoM, while wafer prices rose by 12.5% MoM [2] - Cell prices increased by 6.9% MoM [2] Additional Important Information - **Market Sentiment**: The clean energy sector, particularly solar products, is viewed as attractive for investment [4] - **Analyst Contacts**: Key analysts involved in the report include Eva Hou, Albert Li, and Estelle Wang, providing insights into the clean energy market [3] Conclusion The clean energy sector, particularly solar products in China, is experiencing price increases across various components, indicating a robust market environment. The stability in module prices and the increase in polysilicon and wafer prices suggest a positive outlook for the industry moving forward.

Economic Overview - In the first eight months, Guangdong's industrial added value increased by 2.2% year-on-year, with mining growing by 0.5%, manufacturing by 2.6%, and the electricity, heat, gas, and water production and supply sector declining by 1.8% [1] - The computer, communication, and other electronic equipment manufacturing sector saw a growth of 7%, electrical machinery and equipment manufacturing grew by 6.5%, and automobile manufacturing increased by 8.3% [1] Product Performance - The robotics and drone industries showed strong growth, with industrial robots, service robots, and civilian drones' production increasing by 32.1%, 17.3%, and 54.7% respectively [1] - Clean energy products also performed well, with wind turbine units, solar cells (photovoltaic cells), and new energy vehicles' production increasing by 43.3%, 81.5%, and 21.9% respectively [1] Fixed Asset Investment - Fixed asset investment in Guangdong decreased by 12.4% year-on-year in the first eight months, but investment in equipment and tools increased by 0.8% due to large-scale equipment renewal policies [2] - Investment in the livelihood sector saw significant growth, with railway transportation investment up by 9.7%, water transportation by 46.1%, air transportation by 37.2%, and electricity and heat production and supply by 13.2% [2] - Industrial investment accounted for 37.8% of total investment, with industrial technological transformation investment growing by 0.4%, representing 35.5% of industrial investment, an increase of 3.7 percentage points compared to the same period last year [2] Real Estate Market - Real estate development investment declined by 19%, and the sales area of commercial housing decreased by 11.7%, narrowing by 16.8 and 10.1 percentage points compared to the same period last year and the entire previous year respectively [2] Economic Outlook - The Guangdong Provincial Bureau of Statistics indicated that while macro policies are working together to stabilize the economy, the external environment remains complex and severe, and domestic effective demand is still insufficient, necessitating continued efforts to consolidate and enhance the economic recovery [2]

Group 1: Event Overview - The Fourth Perovskite Technology, Equipment, and Materials Forum 2025 will be held in Suzhou from October 14-16 [1] - The conference will feature four thematic forums: industrialization of perovskite batteries, perovskite supply chain, perovskite tandem batteries, and innovative applications of flexible perovskite [1] - A visit to the Kunshan GCL-Poly Solar GW perovskite solar cell production line is scheduled for the morning of October 16 [1] Group 2: Company Developments - Meyer Burger Group has abandoned its restructuring plans and is unlikely to receive investor support, having sold machinery and equipment from its U.S. factories [1][3] - The company sold its Arizona facility with an annual capacity of 1.4 GW and a decommissioned 2 GW solar cell production plant in Colorado for nearly $29 million [3] - The Arizona plant closure in May resulted in nearly 300 layoffs, and plans for the Colorado facility, which was expected to employ over 350, were canceled in August 2024 [3] Group 3: Asset Sales - Meyer Burger reported total asset sales of $29 million, with Waaree Solar Americas Inc. purchasing component tools and Babacomari Solar North LLC acquiring battery equipment [3] - Waaree offered $18.5 million in cash, while Babacomari proposed $10.2 million in credit for their respective purchases [3] Group 4: Industry Insights - Waaree announced plans to double its component production capacity in Brookshire, Texas, from 1.6 GW to 3.2 GW [4] - Babacomari, a developer of a 160 MW solar power project near the U.S.-Mexico border, is set to complete the project by January 1, 2026 [5] - The forum will explore perovskite applications, market potential, and advancements in global and Chinese perovskite research and industrialization [5]