协鑫能源科技股份有限公司 关于召开2025年第四次临时股东会的通知 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。 重要内容提示： 股东会召开日期：2025年8月15日（周五）14:00 证券代码：002015 证券简称：协鑫能科 公告编号：2025-065 股权登记日：2025年8月12日（周二） 协鑫能源科技股份有限公司（以下简称"公司"）第八届董事会第四十四次 会议决定于2025年8月15日（周五）召开公司2025年第四次临时股东会，审议董 事会提交的相关议案，现将本次股东会的有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：本次股东会是2025年第四次临时股东会。 2、股东会的召集人：公司董事会。 3、会议召开的合法、合规性：本次股东会会议召开符合《公司法》《上市 公司股东会规则》等有关法律法规及《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议时间：2025年8月15日（周五）14:00 （2）网络投票时间：2025年8月15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8月15日9:15—9:2 ...

证券代码：002015 证券简称：协鑫能科 公告编号：2025-064 协鑫能源科技股份有限公司 第八届董事会第四十四次会议决议公告 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 协鑫能源科技股份有限公司（以下简称"公司"）第八届董事会第四十四次 会议通知于 2025 年 7 月 25 日以书面及电子邮件形式发出，会议于 2025 年 7 月 30 日上午在公司会议室以现场表决和通讯表决相结合的方式召开。会议应出席 董事 9 名，实际出席董事 9 名。全体董事均亲自出席了本次董事会。公司高级管 理人员列席了会议。会议由董事长朱钰峰先生主持，会议符合《公司法》和《公 司章程》的有关规定，会议召开合法有效。 二、董事会会议审议情况 会议经表决形成以下决议： 1、审议通过了《关于董事会换届选举暨提名公司第九届董事会非独立董事 候选人的议案》，本议案尚需提交公司股东会审议； 鉴于公司第八届董事会任期即将届满，根据《公司法》和《公司章程》的有 关规定，现进行董事会换届选举。公司第九届董事会由 9 人组成，其中非独立董 事 6 人，独立董事 3 ...

Group 1 - The core point of the article highlights the recent performance and financial metrics of GCL-Poly Energy Holdings Limited, indicating a stock price of 13.04 yuan with a decline of 0.76% as of July 29, 2025 [1] - The company reported total revenue of 2.933 billion yuan for Q1 2025, reflecting a year-on-year growth of 21.49%, and a net profit attributable to shareholders of 254 million yuan, up 35.15% year-on-year [1] - The company's financial ratios include a current ratio of 0.981, a quick ratio of 0.959, and a debt-to-asset ratio of 66.23% [1] Group 2 - GCL-Poly Energy Holdings Limited has made investments in 15 external companies and participated in 9 bidding projects [2] - The company holds 11 trademark registrations and 3 patents, along with 14 administrative licenses [2]

Group 1: Currency and Economic Outlook - The Japanese yen is under pressure due to political uncertainty following the ruling coalition's loss of majority in the Senate elections, making a rebound difficult [1] - The US short-term yields are expected to support the dollar, with initial jobless claims data indicating a stable labor market despite some signs of weakness [1] - The Bank of Canada is likely to maintain interest rates unchanged due to sticky inflation and a resilient economy, despite soft economic data [3] Group 2: Monetary Policy and Market Reactions - Two Federal Reserve officials, Bowman and Waller, are expected to vote against the consensus in the upcoming meeting, which may lead to a mild bullish reaction in the interest rate market [2] - The Bank of Japan may signal a shift towards a less dovish stance in its upcoming policy meeting, influenced by a recent trade agreement with the US that reduces uncertainty [4] Group 3: Investment Opportunities in A-shares and Technology - CITIC Securities suggests that the A-share market is on an upward trajectory, with a focus on technology and non-bank financial sectors as potential beneficiaries of the bullish sentiment [5] - The report highlights sectors such as pharmaceuticals, semiconductors, non-bank finance, and renewable energy as key areas of interest [5] - The AI sector is expected to see accelerated adoption and integration into business operations, with significant growth potential in the coming years [8][11] Group 4: Automotive and Semiconductor Industry Insights - The automotive industry is poised to benefit from advancements in autonomous driving regulations, with Shanghai leading the way in high-level autonomous driving applications [9] - The semiconductor industry is experiencing increased demand for advanced processes due to the AI boom, with domestic manufacturers working to catch up amid supply chain challenges [10] Group 5: Market Trends and Consumer Behavior - The report indicates a shift towards industrialization in the restaurant supply chain, driven by efficiency demands and the rise of pre-prepared food products [16] - The Hong Kong stock market is expected to present opportunities, particularly in the technology sector, which is seen as having significant recovery potential [12]

Core Viewpoint - The collaboration between government and enterprises is creating a stablecoin ecosystem anchored by high-quality Chinese assets, with RWA assets on-chain expected to usher in the era of Web 3.0 [1][5] Group 1: Stablecoin and RWA - Stablecoins focus on "fiat currency tokenization," while RWA emphasizes "asset tokenization," enhancing asset liquidity and providing low-risk, stable-return financial products in the Web 3.0 space [2] - Hong Kong is leading the world in stablecoin legislation, closely following the U.S. legislative progress [2] Group 2: Blockchain Layers - The progression from consortium chains to Layer 2 public chains and then to Layer 1 public chains highlights the advantages of each layer, including compliance with KYC/AML regulations and high transaction performance [3] - Layer 1 public chains serve as the foundational layer for consensus, data storage, and smart contract execution, while Layer 2 enhances performance and liquidity [3] Group 3: RWA Development Phases - The first phase of RWA focuses on foundational construction, with assets being tokenized and offering fixed returns similar to traditional investments [4] - The second phase activates liquidity through a layered architecture, enabling a closed-loop of "financing-splitting-circulation" for RWA [4] - The third phase aims to create a mature global RWA ecosystem with cross-chain transactions becoming the norm [4] Group 4: Investment Recommendations - The report suggests monitoring companies involved in RWA asset tokenization, such as Aorede, Longxin Group, and Xiexin Energy, during the foundational phase [5] - For the liquidity activation phase, attention should be given to trading platforms and internet brokerages like Yao Cai Securities and Dongfang Wealth [5] - In the global asset network integration phase, major internet giants like JD.com and Alibaba are recommended for observation [5]

Investment Rating - The report maintains a "no rating" status for the company [2][3][7] Core Viewpoints - The report highlights that global sovereign wealth funds are increasing their allocation to Chinese assets, particularly in digital technology, advanced manufacturing, and clean energy [4] - The company, GCL-Poly Energy Holdings Limited, is positioned to benefit as a leading operator of renewable energy RWA (Real World Asset) services in China [3][7] - The report projects the company's net profit for 2025-2027 to be 900 million, 983 million, and 1.054 billion RMB, representing year-on-year growth of 84%, 9%, and 7% respectively [3][7] Financial Projections - The company is expected to achieve revenues of 10.9 billion, 11.5 billion, and 11.9 billion RMB for 2025, 2026, and 2027, with corresponding year-on-year growth rates of 11.3%, 5.5%, and 3.5% [8] - The projected PE ratios for 2025, 2026, and 2027 are 22.3, 20.4, and 19.0 respectively [3][8] - The EBIT margin is expected to be 16.3%, 16.9%, and 17.4% for the years 2025, 2026, and 2027 [8][11]

证券代码：002015 证券简称：协鑫能科 公告编号：2025-063 协鑫能源科技股份有限公司 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： （2）网络投票时间：2025年7月21日 1、本次股东大会未出现否决提案的情形； 2、本次股东大会未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 （一）会议召开情况 1、会议召开的日期、时间： （1）现场会议时间：2025年7月21日（周一）14:00 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7月21日9:15—9:25，9:30—11:30和13:00—15:00；②通过深圳证券交易所互联 网投票系统进行网络投票的具体时间为：2025年7月21日9:15至2025年7月21日 15:00的任意时间。 2、现场会议地点：江苏省苏州市工业园区新庆路28号会议室（协鑫能源中 心）。 3、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 4、会议召集人：协鑫能源科技股份有限公司（以下简称"公司"）董事会。 ...

根据相关法律法规的要求，按照律师行业公认的业务标准、道德规范和勤勉 尽责的精神，本所律师出席了本次股东大会，并对本次股东大会的相关资料和事 实进行了核查和验证，现根据本所律师对事实的了解及对法律的理解，出具法律 意见如下： 国浩律师（北京）事务所 关于协鑫能源科技股份有限公司 2025 年第三次临时股东大会的律师见证法律意见书 国浩京律字[2025]第 0040 号 致：协鑫能源科技股份有限公司 根据协鑫能源科技股份有限公司（下称"公司"）的委托，并依据《中华人 民共和国公司法》（下称"《公司法》"）、《中华人民共和国证券法》（下称"《证券 法》"）和中国证券监督管理委员会发布的《上市公司股东会规则》（下称"《股东 会规则》"）、《上市公司治理准则》（下称"《治理准则》"）等法律、行政法规、规 范性文件以及《协鑫能源科技股份有限公司章程》（下称"《公司章程》"）、《协鑫 能源科技股份有限公司股东大会议事规则》（下称"《股东大会议事规则》"）的规 定，国浩律师（北京）事务所（下称"本所"）指派律师出席了公司 2025 年第三 次临时股东大会（下称"本次股东大会"），现就公司本次股东大会召开的有关事 宜出具本法律 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The global virtual asset licensing system has essentially taken shape, with a systematic regional regulatory framework established [3] - Different regions exhibit variations in virtual asset licensing, reflecting distinct regulatory logics and strategic focuses [3] - Three major collaborative trends are emerging: local currency anchoring, asset custody, and anti-money laundering compliance [3] - Licensed operators and service providers are expected to become mainstream, with regulated trading platforms and stablecoin assets presenting lower risks [3] - The licensing will serve as a significant valuation support factor, with leading companies holding core licenses enjoying first-mover advantages and competitive moats [3] Summary by Sections 01 Global Virtual Asset Licensing System - The licensing framework in Hong Kong includes a dual regulatory structure for stablecoin issuers and virtual asset service providers (VASP) [8][9] - Hong Kong's VASP license requires compliance with strict operational and auditing standards, enhancing market transparency and investor safety [10] - Singapore's regulatory approach emphasizes innovation while ensuring market safety through a clear regulatory framework [11][12] - The European MiCA framework provides comprehensive regulations for crypto assets, categorizing them into electronic money tokens, asset-referenced tokens, and utility tokens [13][14] - The U.S. regulatory landscape is characterized by a complex multi-layered system involving federal and state-level oversight [17][18] 02 Differences and Collaborations in Regional Licensing - Hong Kong's licensing system is more inclusive for retail investors compared to Singapore's cautious approach [26] - The regulatory frameworks in Hong Kong and Europe aim to provide clear guidelines to foster innovation while ensuring compliance [26] - The U.S. regulatory environment is fragmented, requiring compliance with both federal and state regulations [26] 03 Investment Recommendations - Beneficial targets include licensed firms such as Zhongyou Capital, Bank of China Hong Kong, and Coinbase Global [4] - The report highlights the importance of holding licenses as a key factor for valuation and competitive advantage in the virtual asset industry [3][4]

Core Insights - The national electricity load in China has reached a historic high of 1.506 billion kilowatts, marking a 0.55 million kilowatt increase from the previous year [1] - The surge in electricity demand is primarily driven by extreme high temperatures, with air conditioning accounting for 40% of the load in urban areas [1][4] - The electricity sector has seen significant stock market interest, with the electricity industry index reaching a ten-year high of 17972.52 points [7] Electricity Load Records - As of July 16, 2025, 16 provincial power grids have broken historical load records 36 times since the beginning of summer [2] - Notable cities like Wuxi and Hefei have reported record electricity loads, with Wuxi reaching 1.6515 million kilowatts, a 0.77% increase from the previous record [2] - Hefei's maximum load reached 1.3412 million kilowatts, an 8.14% year-on-year increase [2] Weather Impact - The high temperatures have led to a surge in air conditioning sales, particularly in northeastern cities like Changchun and Harbin, where temperatures have exceeded 30°C [3] - The National Energy Administration attributes the record electricity load to both high temperatures and positive economic growth trends [4] Electricity Supply and Demand - The National Energy Administration has confirmed that the overall electricity supply remains stable, with 162 key projects completed to ensure supply during peak summer [5] - The maximum electricity transmitted by the State Grid has exceeded 2.25 million kilowatts [5] Market Performance - The electricity sector has become a focal point for investors, with significant stock price increases observed in companies like Huayin Power and Xiexin Energy, with some stocks rising over 100% in the past 60 days [7][8] - The decline in coal prices has positively impacted the profitability of thermal power companies, contributing to their strong performance in the stock market [8] - As of mid-July, 22 out of 27 listed electricity companies reported profits, indicating a robust industry outlook [8]