本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事离任及补选非独立董事情况 TCL 中环新能源科技股份有限公司（以下简称"公司"）董事会于近日收到非独立董事沈浩平 先生、廖骞先生、张长旭女士的辞任申请，因个人原因，申请辞去公司董事及相应董事会专委会委 员职务，其中张长旭女士将继续担任公司 SVP（高级副总裁）职务。上述董事不存在未履行完毕的 公开承诺，辞任未导致公司董事会低于法定最低人数，不会影响公司依法规范运作，也不会影响公 司正常经营发展。沈浩平先生、廖骞先生、张长旭女士在职期间恪尽职守、勤勉尽责，严格履行对 公司的忠实勤勉义务，公司及公司董事会对其在职期间为公司发展所做的卓越贡献致以崇高的敬意 和诚挚的感谢！ 证券代码：002129 证券简称：TCL 中环 公告编号：2026-023 TCL 中环新能源科技股份有限公司 关于部分董事和高级管理人员变更的公告 根据《中华人民共和国公司法》（以下简称"《公司法》"）《TCL 中环新能源科技股份有限 公司章程》（以下简称"《公司章程》"）等规定，公司于 2026 年 3 月 24 日召开第七届董事会第 十 ...

证券代码：002129 证券简称：TCL 中环 公告编号：2026-017 TCL 中环新能源科技股份有限公司 关于 2026 年度委托理财相关事项的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 TCL中环新能源科技股份有限公司（以下简称"公司"）于2026年3月24日召开第七届董事 会第十九次会议审议通过了《关于2026年度委托理财相关事项的议案》，同意公司使用最高额 度不超过100亿元人民币的自有资金购买安全性高、流动性好、风险可控的理财产品，上述额 度可循环滚动使用。该额度自董事会审议通过之日起12个月内有效。相关事宜公告如下： 一、理财情况概述 1、投资目的 公司使用自有资金购买理财产品主要是为提高公司自有资金使用效率和收益水平，在确保 日常经营资金需求和资金安全的前提下，最大限度地发挥阶段性闲置自有资金的作用，通过投 资安全性高、流动性好、风险可控的理财产品增加公司资金收益，为公司及股东获取更多回报； 同时在投资期限和投资赎回灵活度上做好合理安排，不影响公司日常资金正常周转需求，有利 于提高公司自有资金的使用效率和收益。 2、投资额度 匹配公 ...

一、股东回报规划的制定原则 股东回报规划的制定符合《公司章程》有关利润分配的相关条款。公司积极实施连续、稳 定的利润分配政策，公司的利润分配政策重视对投资者的合理回报，并兼顾公司的可持续发展。 二、公司制定股东回报规划考虑的因素 TCL 中环新能源科技股份有限公司 未来三年股东回报规划（2026-2028 年） 为健全和完善 TCL 中环新能源科技股份有限公司（以下简称"公司"）科学、持续、稳 定的分红决策和监督机制，增加利润分配决策透明度和可操作性，引导投资者树立长期、理性 投资理念，根据中国证券监督管理委员会《上市公司监管指引第 3 号—上市公司现金分红》及 《TCL 中环新能源科技股份有限公司章程》（以下简称"《公司章程》"）的有关规定，公 司董事会结合公司实际经营情况，制订了《TCL 中环新能源科技股份有限公司未来三年股东 回报规划（2026-2028 年）》（以下简称"本规划"）。具体内容如下： 公司未来三年股东回报规划是在综合分析企业整体战略发展规划、所处行业特点、社会资 金成本、外部融资环境等因素的基础上，充分考虑公司目前及未来经营情况、未弥补亏损情况、 现金流量状况、发展所处阶段、项目投资资金 ...

TCL 中环新能源科技股份有限公司 关于与 TCL 科技集团财务有限公司开展金融服务业务 的风险评估报告 根据《企业集团财务公司管理办法》《深圳证券交易所上市公司自律监管指引第 7 号 ——交易与关联交易》的相关规定，TCL 中环新能源科技股份有限公司（以下简称"本公 司"）通过查验 TCL 科技集团财务有限公司（以下简称"TCL 财务公司"）的《金融许可 证》《企业法人营业执照》等证件资料，并审阅了 TCL 财务公司 2025 年 12 月 31 日的资 产负债表、损益表和现金流量表，对其经营资质、业务、内控和风险状况进行了评估，现 将有关风险评估情况报告如下： 一、TCL 财务公司基本情况 TCL 财务公司于 2005 年 12 月由原中国银行业监督管理委员会（现为"国家金融监督 管理总局"）批准筹建，2006 年 9 月获得开业批复，2006 年 11 月 8 日正式开业运营。 金融许可证机构编码：L0066H344130001 统一社会信用代码：91441300717867103C 法定代表人：黎健 注册地址：广东省惠州市仲恺高新技术开发区十九号小区 TCL 科技大厦 21 楼 注册资本：人民币 15 ...

证券代码：002129 证券简称：TCL 中环 公告编号：2026-024 TCL 中环新能源科技股份有限公司 关于召开 2025 年度股东会通知的公告 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。 一、召开会议的基本情况 1、股东会届次：2025年度股东会 2、会议召集人：公司董事会（经公司第七届董事会第十九次会议审议通过） 3、会议召开的合法、合规性：本次股东会会议的召开符合《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股东会规则》《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、行政 法规、部门规章、规范性文件以及《公司章程》的规定。 4、会议召开的日期、时间： 现场会议时间：2026年4月15日（星期三）下午15:00 网络投票时间：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2026年4月15 日上午9:15-9:25，9:30-11:30和下午13:00-15:00；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2026年4月15日上午9:15至下午15 ...

证券代码：002129 证券简称：TCL 中环 公告编号：2026-010 TCL 中环新能源科技股份有限公司 第七届董事会第十九次会议决议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 TCL 中环新能源科技股份有限公司（以下简称"公司"）第七届董事会第十九次会议于 2026 年 3 月 24 日以现场与通讯会议相结合的方式召开。会议通知及会议文件以电子邮件送 达各位董事。董事应参会 9 人，实际参会 9 人。会议的召开符合《中华人民共和国公司法》 《TCL 中环新能源科技股份有限公司章程》和《TCL 中环新能源科技股份有限公司董事会议 事规则》等规范性文件的有关规定。经会议审议并表决，决议如下： 一、审议通过《2025 年度董事会工作报告》 详见与本决议公告同日登载于巨潮资讯网（http://www.cninfo.com.cn）的《2025 年 年度报告》第三、四节。 公司独立董事分别向董事会提交了《2025 年度独立董事述职报告》，并将在公司 2025 年 度 股 东 会 上 述 职 ， 具 体 内 容 详 见 与 本 决 议 公 告 同 日 登 ...

证券代码：002129 证券简称：TCL 中环 公告编号：2026-012 TCL 中环新能源科技股份有限公司 关于 2025 年度拟不进行利润分配的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 TCL中环新能源科技股份有限公司（以下简称"公司"）于2026年3月24日召开第七届董事 会第十九次会议，审议通过了《关于2025年度利润分配预案的议案》。根据《中华人民共和国 公司法》（以下简称"《公司法》"）、《TCL中环新能源科技股份有限公司章程》（以下简 称"《公司章程》"）的相关规定，公司2025年度利润分配方案：拟不派发现金红利，不送红 股，不以公积金转增股本。本议案尚需提交公司2025年度股东会审议。 一、2025年度利润分配预案的基本情况 二、现金分红方案的具体情况 | 项目 | 本年度 | 上年度 | 上上年度 | | --- | --- | --- | --- | | 现金分红总额（元） | 0.00 | 0.00 | 1,049,907,018.94 | | 回购注销总额（元） | 0.00 | 0.00 | 0.00 | | 归属于上市 ...

Financial Performance - In 2025, the company achieved operating revenue of RMB 29.05 billion, representing a year-on-year growth of 2.22%[14] - The net profit attributable to shareholders was a loss of RMB 9.26 billion[14] - The net operating cash flow was RMB 1.144 billion[14] - In 2025, the company's revenue was approximately 29.05 billion yuan, a 2.22% increase from 2024, while the net profit attributable to shareholders was a loss of approximately 9.26 billion yuan[24] - The total assets at the end of 2025 were approximately 118 billion yuan, a decrease of 6.05% compared to the end of 2024[24] - The net asset attributable to shareholders decreased by 28.92% year-on-year, amounting to approximately 21.97 billion yuan at the end of 2025[24] - The company's cash flow from operations was 1.144 billion CNY, with net operating cash flow including bank bills at 3.085 billion CNY[36] - The photovoltaic materials segment reported revenue of 12.238 billion CNY, a year-on-year decrease of 26.49%[40] - The photovoltaic battery and module segment achieved revenue of 9.324 billion CNY, a year-on-year increase of 60.45%, with a shipment of 15.1 GW[41] - The semiconductor materials segment generated revenue of 5.707 billion CNY, a year-on-year increase of 21.75%[43] Market Conditions and Competition - The company is facing severe "involution" competition in the photovoltaic industry, with supply and demand still imbalanced and product prices at the bottom[14] - The company acknowledges the uncertainties in global economic growth due to geopolitical conflicts and trade barriers[14] - The global photovoltaic market saw new installations reach 580 GW in 2025, with ongoing supply-demand imbalances[44] - The company emphasizes the importance of market-oriented mergers and acquisitions to break the current competitive deadlock in the industry[14] Strategic Initiatives - The company plans to enhance its silicon wafer business competitiveness and improve its battery module business layout through both internal growth and external mergers and acquisitions[14] - The company aims to implement a moderate integration and globalization strategy to reshape its core capabilities[14] - The company aims to strengthen its core competitiveness and achieve sustainable development by focusing on strategic leadership, innovation-driven growth, advanced manufacturing, and global operations[18] - The company plans to invest 1.06 billion yuan in R&D in 2025, accounting for 3.65% of its revenue, and has a total of 4,763 valid authorized intellectual property rights[16] Research and Development - The company invested 1.06 billion CNY in R&D, accounting for 3.65% of operating revenue[38] - The company has a total of 4,763 valid authorized intellectual properties, including 606 domestic invention patents and 1,992 foreign patents, enhancing its global competitive edge[49] - Research and development expenses rose by 10.31% year-on-year to 825,696,810.67 RMB, reflecting ongoing investment in innovation[64] - The company achieved a production line core diameter reduction of 4um with a process yield exceeding 95% in the fine wire cutting project[66] - The TBC battery cell achieved a conversion efficiency of 26.6%, supporting future industrialization efforts[66] Operational Efficiency - The company aims to enhance operational capabilities and optimize processes to improve efficiency and responsiveness[82] - The company acknowledges risks from market competition and plans to improve product core competitiveness and operational efficiency[84] - The company is aware of the risks associated with raw material price fluctuations and aims to mitigate these through cost reduction strategies[85] - The company will adjust procurement strategies to minimize the impact of raw material price fluctuations on operations[86] Governance and Compliance - The company has a robust internal control system and governance structure, continuously improving operational standards and ensuring shareholder rights are protected[94] - The company emphasizes strict compliance with information disclosure obligations, ensuring the accuracy and completeness of disclosed information[96] - The internal audit mechanism is continuously improved, focusing on the operation of internal controls and financial management[96] - The governance structure has been updated, including revisions to 26 governance documents to enhance compliance and operational effectiveness[97] Human Resources and Talent Development - The total number of employees at the end of the reporting period is 12,598, with 194 in the parent company and 12,404 in major subsidiaries[121] - The company provided over 54,000 hours of training, covering more than 12,000 employees, with 690 training sessions conducted[123] - The company has implemented a structured "mentor-apprentice" mechanism, with over 800 employees receiving training through this program[123] - The company plans to enhance its talent development strategy by adding partnerships with 2 new educational institutions, focusing on systematic educational pathways[124] Shareholder and Investor Relations - The company will not distribute cash dividends or issue bonus shares[5] - The company has established a market value management system and valuation enhancement plan to improve investment value and enhance investor returns, approved by the board in April 2025[90] - The company is actively implementing the "Quality and Return Dual Improvement" action plan to boost investor confidence and promote sustainable development, as disclosed in February 2024[91] Environmental and Social Responsibility - The company aims to integrate sustainable development into its overall strategy, focusing on climate change, resource utilization, and supply chain safety[149] - The company reported that 96.95% of the total assets and 99.85% of the total revenue were included in the internal control evaluation scope[146] - The company achieved a rating upgrade in ESG from BBB to A, becoming one of the few in the photovoltaic industry to receive such a high rating[150] - By 2025, the TCL Public Welfare Foundation has donated solar power systems to 35 schools, with a total installed capacity of 2,054.65 kW, expected to provide approximately 61.91 million kWh of green electricity over 25 years[156]

Core Viewpoint - The space photovoltaic sector has seen significant market speculation and stock price increases, yet no A-share listed company has confirmed receiving orders from SpaceX or Tesla for space photovoltaic projects [1][5]. Market Activity - On March 20, A-share space photovoltaic stocks surged, with notable increases in companies such as Sunpower Electric (20% increase), Jiejia Weichuang (9.41% increase), and Maiwei Co. (9.19% increase) [2]. - Market rumors suggested that SpaceX had ordered equipment from a domestic heterojunction equipment company, and Tesla was negotiating a $2.9 billion procurement of photovoltaic manufacturing equipment from Chinese firms [2]. - Despite the stock price increases, companies contacted did not confirm these rumors, stating they would disclose information as required by regulations [2][3]. Historical Context - The space photovoltaic concept has previously led to stock surges due to market rumors, notably in early 2026 when reports of SpaceX and Tesla's interest in Chinese photovoltaic companies caused significant price increases [4][10]. - Over 20 listed companies issued risk warnings or clarifications following the previous surge, indicating the speculative nature of the market [4][10]. Technological Developments - The space photovoltaic field is evolving, with three main technological routes being explored: Gallium Arsenide, P-type Heterojunction, and Perovskite tandem cells [14][16]. - Gallium Arsenide is currently used in satellites but is costly, limiting its scalability [15]. - P-type Heterojunction is seen as the most viable for commercial satellites, with companies like Jiejia Weichuang developing advanced manufacturing processes [17]. - Perovskite cells are considered a long-term option but face challenges related to stability and radiation resistance [18]. Market Challenges - The cost of space photovoltaic energy remains significantly higher than terrestrial solar energy, with estimates suggesting it could be two to three dollars per kilowatt-hour, compared to mere cents for ground-based solar [19][20]. - The global market for space photovoltaic is projected to be around 4.5 billion RMB from 2026 to 2030, contingent on the number of satellites launched [21]. - Criticism from industry experts highlights the impracticality of moving data centers to space due to high launch costs and maintenance challenges [22].

Group 1 - Tesla plans to procure photovoltaic manufacturing equipment worth $2.9 billion from China, primarily for T-chain ground applications, with negotiations involving multiple TOPCon equipment manufacturers [5] - Key photovoltaic equipment manufacturers include Maiwei, Jiejia Weichuang, Aotewei, and others, while material manufacturers include Tongwei, Daqo Energy, and TCL Zhonghuan [6] - The article lists various companies involved in different segments of the photovoltaic industry, including battery and component manufacturers like Trina Solar and JinkoSolar, as well as inverter and energy storage system companies like Sungrow and GoodWe [6]