Strategic Focus - The company aims to align with the national "dual carbon" strategy, focusing on the development of a new power system through a dual-driven strategy of "energy assets" and "energy services" [2] - The company is accelerating its business transformation to adapt to the needs of a market-oriented electricity sector, emphasizing the importance of energy asset management and service expansion [2] Financial Performance - The company's energy service revenue and profit have significantly increased year-on-year due to the continuous development of distributed photovoltaic projects and expansion into energy trading services [3] - The company’s existing wind and thermal power plants have also shown improved performance compared to the previous year [3] Virtual Power Plant (VPP) Business - The VPP business has been developed over 13 years, managing over 20GW of controllable load, with approximately 835MW of verified controllable load in the Jiangsu auxiliary service market, accounting for about 35% of the market [4] - Revenue from the VPP business primarily comes from electricity spot trading, demand-side response, and auxiliary services [5] Energy Storage Role - The company has installed a total of 840.54MW of energy storage, with 800MW on the grid side and 40.54MW on the user side, playing a crucial role in the dual-driven strategy [6] - Energy storage is essential for integrating renewable energy projects and enhancing the value of energy services [6] Key Projects - The JianDe pumped storage power station, with a capacity of 2.4GW, is progressing as planned and is expected to be operational by around 2030, contributing stable profits [7] - The project benefits from its location and existing infrastructure, which reduces construction costs and enhances competitiveness in the electricity market [7] Business Synergy - The company has established a synergistic relationship between energy assets and services, creating a comprehensive energy ecosystem that enhances asset utilization and investment returns [8] - The dual-driven model allows for the rapid acquisition of customers and the provision of tailored energy services, driving value across business lines [8] Market Adaptation - The company is preparing for increased electricity price volatility due to market reforms, with strategies to optimize revenue through a combination of capacity pricing, spot market price differences, and auxiliary services [9] - The VPP is positioned to act as a mediator between distributed resources and the electricity market, capitalizing on the growth of distributed photovoltaic and energy storage installations [9] Future Growth Areas - The company identifies energy asset digitalization and new capital models as key growth areas over the next 3-5 years, aiming to enhance the efficiency of energy asset management [12] - The focus will be on leveraging AI and digital technologies to create a robust energy service ecosystem, establishing a second growth curve for the company [12] Traditional Energy Role - Traditional thermal power generation will continue to serve as a stable revenue source while the company enhances operational efficiency and expands its customer base [13] - The company aims to maintain a competitive edge in the thermal power sector through strategic asset management and customer engagement [13]

协鑫能源科技股份有限公司 关于股东权益变动完成过户登记暨新增一致行动人及持股 5%以上股东的公告 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。 证券代码：002015 证券简称：协鑫能科 公告编号：2025-092 协鑫能源科技股份有限公司（以下简称"公司"、"标的公司"）近日收到控 股股东上海其辰企业管理有限公司（以下简称"上海其辰"、"转让方"）通知， 获悉其将持有的公司 335,176,285 股股份（无限售条件流通股，占公司总股本的 20.65%）协议转让给杭州鑫瑀企业管理有限公司（以下简称"杭州鑫瑀"、"受 让方"）事项已于 2025 年 10 月 29 日办理完成过户登记手续，并取得中国证券 登记结算有限责任公司（以下简称"中国结算"）出具的《证券过户登记确认书》。 现将具体情况公告如下： 一、本次协议转让的基本情况 2025 年 9 月 24 日，公司控股股东上海其辰与杭州鑫瑀签署了《股份转让协 议》，约定上海其辰通过协议转让方式向杭州鑫瑀转让其持有的公司 335,176,285 股股份（无限售条件流通股），占公司总股本的 20.65%。标的股 ...

证券代码：002015 证券简称：协鑫能科 公告编号：2025-091 目前公司控股股东及其一致行动人所质押的股份不存在平仓风险，股份质押 风险在可控范围内，不会导致公司实际控制权发生变更，对公司生产经营不产生 实质性影响。 注：①本次股份解除质押前，公司控股股东上海其辰持有公司的股份为 693,413,333 股； 截至本公告披露日，公司总股本为 1,623,324,614 股；②中国中信金融资产管理股份有限公 司曾用名为中国华融资产管理股份有限公司。 二、公司控股股东及其一致行动人股份累计质押基本情况 截至本公告披露日，公司控股股东上海其辰及其一致行动人上海协鑫创展企 股东 名称 是否为 控股股 东或第 一大股 东及其 一致行 动人 本次解除质 押股份数量 （股） 占其所 持股份 比例 占公司 总股本 比例 起始日 解除日期 质权人 上海 其辰 是 335,176,285 48.34% 20.65% 2021/12/15 2025/10/29 中国中 信金融 资产管 理股份 有限公 司 合计 - 335,176,285 48.34% 20.65% - - - 一、公司控股股东部分股份解除质押基本情况 注： ...

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。 为进一步加强与投资者的互动交流，协鑫能源科技股份有限公司（以下简称 "公司"）将参加"2025无锡上市公司投资者集体接待日"活动，现将相关事项 公告如下： 证券代码：002015 证券简称：协鑫能科 公告编号：2025-090 协鑫能源科技股份有限公司 关于参加2025无锡上市公司投资者集体接待日活动的公告 2025 年 10 月 31 日 1、出席本次年度网上集体接待日的人员有：公司董事会秘书杨而立先生。 2、本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP，参 与本次互动交流。 3、活动时间：2025年11月4日（星期二）15:30-17:00。 4、届时公司高管将在线就投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与！ 协鑫能源科技股份有限公司董事会 特此公告。 ...

Core Viewpoint - GCL-Poly Energy announced the release of share pledges by its controlling shareholder, Shanghai Qichen Enterprise Management Co., Ltd, indicating a positive development in the company's financial stability and control structure [1] Group 1: Share Pledge Details - Shanghai Qichen released 335,176,285 shares from pledge, accounting for 48.34% of its held shares and 20.65% of the company's total share capital [1] - After the release, Shanghai Qichen and its concerted parties, including GCL-Poly and Hangzhou Xinpei, have a total of 438,182,935 shares pledged, representing 56.20% of their total holdings and 26.99% of the company's total share capital [1] Group 2: Risk Assessment - The pledged shares by the controlling shareholder and its concerted parties do not pose a risk of forced liquidation, indicating that the pledge risk is under control [1] - The release of the pledge will not lead to any change in the actual control of the company and will not have a substantial impact on its production and operations [1]

Core Viewpoint - GCL-Poly Energy announced that its controlling shareholder, Shanghai Qichen, will release the pledge on 335 million shares, which accounts for 48.34% of its holdings and 20.65% of the company's total share capital [1] Summary by Relevant Sections - **Share Pledge Release** - Shanghai Qichen will release the pledge on 335 million shares, effective on October 29, 2025 [1] - **Share Transfer Agreement** - On September 24, 2025, Shanghai Qichen signed a share transfer agreement with Hangzhou Xinyu, with the transfer procedures completed on October 29 [1] - **Current Pledge Status** - As of the announcement date, the controlling shareholder and its concerted parties have pledged a total of 438 million shares, representing 56.20% of their combined holdings and 26.99% of the company's total share capital, with no risk of forced liquidation [1]

Core Viewpoint - GCL-Poly Energy Technology Co., Ltd. has shown a significant stock price increase of 43.02% year-to-date, despite recent declines in the short term [1][2]. Group 1: Stock Performance - As of October 28, GCL-Poly's stock price rose by 2.05% to 10.96 CNY per share, with a total market capitalization of 17.792 billion CNY [1]. - The stock has experienced a net inflow of 5.2626 million CNY from main funds, with large orders accounting for 20.36% of total buy orders [1]. - Year-to-date, the stock has seen a decline of 0.81% over the last five trading days, 6.00% over the last 20 days, and 16.59% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, GCL-Poly reported a revenue of 7.935 billion CNY, reflecting a year-on-year growth of 5.07%, and a net profit attributable to shareholders of 762 million CNY, which is a 25.78% increase year-on-year [2]. - The company's main business revenue breakdown includes: electricity sales (42.85%), heat sales (17.79%), and energy services (16.60%) [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 15.41% to 78,000, while the average circulating shares per person increased by 18.21% to 20,802 shares [2]. - GCL-Poly has distributed a total of 1.226 billion CNY in dividends since its A-share listing, with 671 million CNY distributed over the last three years [3].

智通财经APP讯，协鑫能科(002015.SZ)发布2025年三季度报告，前三季度，公司实现营业收入79.35亿 元，同比增长5.07%。归属于上市公司股东的净利润7.62亿元，同比增长25.78%。归属于上市公司股东 的扣除非经常性损益的净利润6.77亿元，同比增长46.39%。 ...

Core Insights - GCL-Poly Energy Technology Co., Ltd. (GCL-Poly) reported a revenue of 7.935 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 5.07% [1] - The net profit attributable to shareholders reached 762 million yuan, reflecting a year-on-year growth of 25.78% [1] - The company achieved a non-recurring net profit of 677 million yuan, which is a significant increase of 46.39% year-on-year [1] Financial Performance - In Q3 2025, GCL-Poly's net profit attributable to shareholders was 243 million yuan, up 24.43% year-on-year [1] - The non-recurring net profit for the same quarter was 213 million yuan, showing a year-on-year increase of 14.37% [1] Business Development - GCL-Poly's growth is primarily driven by the rolling development of distributed photovoltaic and other renewable energy projects, alongside the expansion of energy service businesses such as electricity sales, green electricity, and virtual power plants [1] - The company has optimized the operational efficiency of its existing wind and cogeneration plants, contributing to year-on-year performance improvement [1] Strategic Focus - GCL-Poly is concentrating on two core areas: energy-saving services and trading services, achieving significant scale breakthroughs [2] - In the energy-saving sector, the company has developed distributed photovoltaic projects under the "Xing Zero Carbon" and "Xing Sunshine" brands, with a total installed capacity of 1,910.54 MW as of September 30 [2] Trading Services Expansion - GCL-Poly has enhanced its energy asset management and trading services, managing a total electricity sales volume of approximately 24.123 billion kWh and green electricity transactions of 786 million kWh in the first three quarters of 2025 [2] - The company has successfully expanded its virtual power plant business across multiple provinces, with an adjustable load capacity of 835 MW as of September 30 [2] - GCL-Poly holds a leading position in the auxiliary service market in Jiangsu, with approximately 35% of the market share in adjustable load [2]

Core Insights - Company reported revenue and profit growth for Q3 2025, with total revenue of 7.935 billion and net profit of 762 million, marking increases of 5.07% and 25.78% respectively compared to the previous year [1] - The growth is attributed to the company's alignment with the national "dual carbon" strategy and the implementation of a dual-driven strategy focusing on "energy assets + energy services" [1] Financial Performance - For the first nine months of 2025, the company achieved a net profit of 762 million, a 25.78% increase year-on-year, and a non-recurring net profit of 677 million, up 46.39% [1] - In Q3 alone, the net profit reached 243 million, reflecting a 24.43% year-on-year growth, while the non-recurring net profit was 213 million, increasing by 14.37% [1] Business Strategy - The company is focusing on the construction of a new power system and transforming its business structure to adapt to market developments, creating a stable and growth-oriented profit model [1] - Key drivers of performance include the rolling development of distributed photovoltaic projects and the expansion of energy service businesses such as electricity sales and virtual power plants [1][2] Energy Asset Management - The company has established a solid revenue base through high-quality asset reserves and refined operations, with a total installed capacity of 6402.41 MW as of September 30, 2025, of which 60.08% is renewable energy [2] - The company continues to increase investments in renewable energy projects and optimize its asset structure [2] Energy Services Growth - Energy services are identified as a growth accelerator, with a focus on energy-saving services and trading services [2] - The company has developed distributed photovoltaic projects under the "Xin Zero Carbon" and "Xin Sunshine" brands, achieving an installed capacity of 1910.54 MW by September 30, 2025 [2] Virtual Power Plant Development - The company's virtual power plant business has expanded regionally, now operating in multiple provinces including Jiangsu, Shanghai, Zhejiang, Sichuan, and Shenzhen [3] - As of September 30, 2025, the adjustable load capacity of the virtual power plant reached 835 MW, with a significant market share in Jiangsu [3]