Core Viewpoint - The company, Li New Energy, is facing significant financial challenges, including high debt levels and declining performance, as it attempts to finalize a revised A-share issuance plan after multiple modifications over the past year and a half [1][9]. Group 1: Fundraising and Financial Situation - Li New Energy has revised its fundraising plan five times since its initial announcement in November 2023, with the latest proposal aiming to raise 18.29 billion yuan for energy projects and working capital [2][3]. - The company's capital expenditures have consistently exceeded its operating cash flow, with figures of 17.40 billion, 11.54 billion, and 37.90 billion yuan from 2022 to 2024, compared to operating cash flows of 8.12 billion, 5.04 billion, and 3.56 billion yuan respectively [3]. - As of the first quarter of 2025, Li New Energy's interest-bearing debt is approaching 100 billion yuan, with a debt-to-asset ratio reaching 81.46%, indicating a critical need for refinancing [3]. Group 2: Performance Decline - After a successful IPO in 2022, where the company reported a net profit of 196 million yuan, Li New Energy's performance deteriorated significantly, with net profits dropping to 135 million yuan in 2023 and further declining to 50 million yuan in 2024 [6]. - The company has reported a shift from profit to loss in the first quarter of 2024, highlighting ongoing financial distress [6]. Group 3: Accounts Receivable and Bad Debt - Li New Energy's accounts receivable have surged, with a total of 2.016 billion yuan by the end of 2024, reflecting a nearly 100% increase over four years, and the accounts receivable turnover days have increased from 551 days in 2020 to 690 days by the end of 2024 [8]. - The company has faced significant bad debt losses, with 167 million yuan in bad debt losses recorded in 2024, following 211 million yuan in 2023, indicating a troubling trend in receivables management [8].

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 北京国枫律师事务所 关于新疆立新能源股份有限公司 法律意见书 国枫律股字2025A0307 号 致：新疆立新能源股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第三次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《新疆立新能源股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、 召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议案内容及该等议 案 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于新疆立新能源股份有限公司 2025 年第三次临时股东大会的 法律意见书 国枫律股字[2025]A0307 号 致：新疆立新能源股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第三次临时股东大会（以下简称"本次会议"）。 本所律师根据《公司法》《证券法》《股东会规则》《证券法律业务管理办法》《证 券法律业务执业规则》等相关法律、行政法规、规章、规范性文件的要求，按照律师行 业公认的业务标准、道德规范和勤勉尽责精神，对贵公司提供的有关文件和有关事项进 行了核查和验证，现出具法律意见如下： 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律 ...

新疆立新能源股份有限公司 2025 年第三次临时股东大会决议公告 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。 特别提示： 1．本次股东大会未出现否决提案的情形。 2．本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 证券代码：001258 证券简称：立新能源 公告编号：2025-062 1．会议召开情况 （1）现场会议召开时间为：2025年6月5日（星期四）上午11:00； （2）网络投票时间：2025年6月5日。 其中：①通过深圳证券交易所交易系统进行网络投票的具体时间为2025年6 月5日上午9:15-9:25，9:30-11:30和下午13:00-15:00。①通过深圳证券交易所互联 网投票系统（http://wltp.cninfo.com.cn）投票的具体时间为2025年6月5日上午9:15， 结束时间为2025年6月5日下午15:00。 （3）会议召开地点：新疆乌鲁木齐经济技术开发区玄武湖路477号新疆能源 大厦10层1025会议室。 （4）会议的召开方式：本次会议以现场表决与网络投票相结合的方式召开。 （5）股东大会的召 ...

Market Overview - The Shanghai Composite Index closed at 3378.82 points, above the five-day moving average, with a slight increase of 0.08% [1] - The total trading volume of A-shares reached 728.469 billion yuan [1] Stocks Performance - A total of 363 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Huachuang Technology (华强科技) with a deviation rate of 10.80% and a daily increase of 14.03% [1] - Jinming Precision Machinery (金明精机) with a deviation rate of 8.08% and a daily increase of 10.20% [1] - Suli Co., Ltd. (苏利股份) with a deviation rate of 7.93% and a daily increase of 10.03% [1] Additional Stocks with Positive Movement - Other stocks showing positive movement include: - Jicheng Electronics (积成电子) with a daily increase of 9.94% and a deviation rate of 7.71% [1] - Huitong Group (汇通集团) with a daily increase of 10.10% and a deviation rate of 7.66% [1] - Haide Control (海得控股) with a daily increase of 10.03% and a deviation rate of 7.66% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the five-day moving average include: - Fuyao Glass (福耀玻璃) and Jiu Gui Jiu (酒鬼酒) with minor deviation rates [1] - The table lists various stocks with their respective daily performance metrics, including trading volume and deviation rates [2]

Group 1 - Weijie Chuangxin plans to reduce its shareholding by up to 3%, amounting to no more than 12.91 million shares, due to personal funding needs [1] - Lier Chemical's major shareholder intends to reduce its stake by up to 3%, equivalent to no more than 24.01 million shares, for investment returns [1] - Helin Micro-Nano's controlling shareholder plans to reduce its shareholding by up to 1.5%, which is no more than 1.75 million shares, due to personal funding needs [2] Group 2 - Yifan Pharmaceutical received drug registration certificates for two products, indicating a focus on oncology and leukemia treatments [3] - *ST Jinbi is planning a change in control, leading to a temporary suspension of its stock trading [4] - Kexing Pharmaceutical's shareholder plans to reduce its stake by up to 3%, amounting to no more than 5.90 million shares, to optimize the equity structure [7] Group 3 - Li New Energy plans to invest approximately 1.25 billion yuan in three independent energy storage projects [7] - Kingsoft Office intends to acquire the remaining 31.98% stake in its subsidiary for 254 million yuan, aiming for full ownership [8] - Northeast Pharmaceutical received a CEP certificate from the European Medicines Agency for an antibiotic raw material, enhancing its product credibility [9] Group 4 - Tai'er Co. announced the lifting of a detention order on its controlling shareholder, changing it to a notice of supervision [10] - Runjian Co. won a bid for a solar power project worth approximately 83.92 million yuan, highlighting its role in the energy sector [11] - Jiuan Medical plans to register and issue medium-term notes and short-term financing bonds, with a total scale of up to 35 billion yuan and 5 billion yuan respectively [12] Group 5 - Wanma Co.'s chairman resigned due to work adjustments, but will remain as a board member [13] - Changhua Chemical plans to transfer 1% of its shares through an inquiry transfer method due to personal funding needs [14] - Jinkai Biotechnology's two shareholders plan to reduce their combined stake by up to 4%, totaling 481.6 thousand shares [15] Group 6 - Aeston plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy [16] - Maiwei Biotechnology's chairman proposed a share buyback plan with a total amount between 25 million and 50 million yuan [17] - Montai High-tech's specific shareholders and executives plan to reduce their stake by up to 3.03%, citing personal funding needs [18] Group 7 - *ST Dongjing's stock will resume trading after a change in control, with a new actual controller [20] - Tongdahai's major shareholders plan to reduce their combined stake by up to 3.57%, totaling 345.24 thousand shares [23]

Group 1: Company Overview and Strategy - The company aims to enhance energy self-innovation capabilities and competitiveness through strategic technological advancements and digital transformation [2][3] - The company is focused on expanding its renewable energy capacity, targeting a total installed capacity of 5 million kW by 2025 [15] - The company is actively participating in the "Jiangdian Waishou" project, which includes a total of 8.1 million kW of supporting power projects, with 6.1 million kW from renewable sources [15] Group 2: Financial Performance - In Q1 2025, the company reported revenue of 217 million CNY, a year-on-year increase of 5.23%, with a gross margin of 43.76% [7] - The company faced a net profit decline due to delays in renewable energy subsidy payments, leading to an increase in credit impairment losses of 41.98 million CNY [7] - As of the end of 2024, the total installed capacity reached 2.234 million kW, a 45.06% increase from the end of 2023 [7] Group 3: Project Development and Funding - The company has 1.6 million kW of renewable energy projects under construction, with funding sourced from 20% equity and 80% loans from financial institutions [5][4] - Major investment projects for 2024 include 300,000 kW wind-solar projects in Qitai County and 800,000 kW wind-storage projects in Santanghu [5] - The company operates 7 energy storage stations with a total adjustment capacity of 488,000 kW [6] Group 4: Market and Regulatory Environment - The company is positioned to benefit from favorable government policies supporting renewable energy development in the Xinjiang region [5][11] - The company is exploring the potential of the electricity futures market to mitigate cross-regional settlement risks and improve energy utilization efficiency [13][14] - The company is committed to ecological protection measures in its project planning to minimize environmental impacts [15] Group 5: Future Outlook - The company anticipates that by the end of 2025, the installed capacity of new energy storage will exceed 20 million kW, significantly enhancing grid stability and renewable energy consumption [8] - The company plans to leverage technological advancements and policy support to further expand its market share in the renewable energy sector [11][15] - The company is not currently planning to enter the nuclear power sector, focusing instead on renewable energy [10][12]

Group 1: Market Performance - US stock market showed mixed results with the Dow Jones down 0.22%, S&P 500 up 0.01%, and Nasdaq up 0.32% [1] - Nasdaq China Golden Dragon Index increased by 2.0%, with major Chinese concept stocks like NIO up over 6%, Alibaba, Xpeng Motors, and Kingsoft up over 3%, and JD.com up over 2% [1] Group 2: Investment Strategies - Securities firms are optimistic about the A-share market for the second half of 2025, indicating ongoing valuation recovery of Chinese assets, with a focus on technology sectors [1] - Many firms also express confidence in the Hong Kong stock market's performance, particularly in the tech sector benefiting from the current AI industry narrative [1] Group 3: Corporate Developments - Zhongke Electric plans to invest 8 billion yuan in an integrated lithium-ion battery anode material base project in Oman, aiming for an annual production capacity of 200,000 tons [10] - Li New Energy intends to invest approximately 1.25 billion yuan in three independent energy storage projects, with a total capacity of 1,400 megawatt-hours [11] - China Power Construction announced its subsidiary won a 6.282 billion yuan energy storage project in Inner Mongolia, with a total construction period of 214 days and an operation period of 20 years [19]

Macro Trends - The central government plans to support 20 cities in implementing urban renewal actions, including major cities like Beijing, Guangzhou, and Tianjin [1] - The State-owned Assets Supervision and Administration Commission (SASAC) is conducting intensive research on eight central enterprises, signaling the direction for future state-owned enterprise reforms [2] Market Adjustments - FTSE Russell announced adjustments to several indices, including the FTSE China 50 Index and FTSE China A50 Index, effective June 20, 2025 [3] - The Shanghai Stock Exchange has initiated a pilot program for the re-issuance of corporate bonds and asset-backed securities, aiming to enhance market liquidity and promote high-quality development in the bond market [3] Energy Sector Developments - The National Energy Administration is promoting breakthroughs in the construction of new power systems, focusing on various innovative technologies and models [4] Financial Innovations - The Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors, aiming to enhance product offerings while ensuring orderly and transparent trading [5] Company News - Wantai Biological Pharmacy's nine-valent HPV vaccine has been approved for market launch, targeting women aged 9 to 45, which will enhance the company's product line and competitiveness [8] - Hainan Huatie is planning to issue shares overseas and list on the Singapore Exchange to advance its international strategy [9] - Maiwei Co. intends to invest 100 million yuan in a fund focused on growth-stage companies in the new energy and semiconductor sectors [10] - Suqian Agricultural Development plans to acquire a 28.75% stake in Jinyang Sun Grain and Oil for 178 million yuan [11] - CITIC Securities has received approval to issue up to 8 billion yuan in technology innovation corporate bonds to professional investors [12] - Zhongke Electric plans to invest up to 8 billion yuan in a lithium-ion battery anode material integrated base project in Oman [13] - Feiya Technology intends to acquire all or part of the equity of Chang Kong Gear [14] - Lehui International's fresh beer business is currently small and in a loss phase, with projected losses of 60.65 million yuan and 75.28 million yuan for 2023 and 2024, respectively [15] - Harta Technology is validating RFID chips for railway applications [17] - Xidi Micro has established partnerships with several well-known brands in the AI glasses sector [16] - Yutong Heavy Industry reports limited orders for its L4 autonomous sanitation vehicles, contributing minimally to its performance [17] - Huamao Technology plans to acquire a 57.84% stake in Fuchuang Youyue, with stock resuming trading [18] - Kingsoft Office intends to acquire the remaining 31.9769% stake in its subsidiary, Shuke Network Technology, for 254 million yuan [19] - Li New Energy plans to invest approximately 1.25 billion yuan in three independent energy storage projects [20]

证券代码：001258 证券简称：立新能源 公告编号：2025-059 新疆立新能源股份有限公司 关于 2023 年度向特定对象发行股票预案及相关文件 修订情况说明的公告 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。 新疆立新能源股份有限公司（以下简称"公司"）于 2023 年 11 月 28 日召开 第一届董事会第三十次会议、第一届监事会第十五次会议，2024 年 1 月 15 日召 开 2024 年第一次临时股东大会、2024 年 3 月 15 日召开第一届董事会第三十二 次会议、2024 年 10 月 25 日召开第二届董事会第五次会议、2024 年 11 月 27 日 召开 2024 年第五次临时股东大会、2025 年 1 月 10 日召开第二届董事会第七次 会议、第二届监事会第六次会议，2025 年 1 月 27 日召开 2025 年第一次临时股 东大会、2025 年 3 月 25 日召开第二届董事会第十次会议分别审议通过了 2023 年度向特定对象发行股票（以下简称"本次发行"）的相关议案。 2025 年 6 月 3 日，公司召开第二届董事会第十 ...