TCL 中环新能源科技股份有限公司 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 科技财务公司"）的《金融许 可证》《企业法人营业执照》等证件资料，并审阅了 TCL 科技财务公司 2024 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 科技财务公司基本情况 TCL 科技财务公司于 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。 关于与 TCL 科技集团财务有限公司开展金融服务业务 的风险持续评估报告 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 （ ...

关于 2024 年度会计师事务所的履职情况 评估报告及董事会审计委员会履行监督职责情况报告 TCL 中环新能源科技股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上市公司选 聘会计师事务所管理办法》《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》TCL中环新能源科技股份有限公司（以下简称"公司"）的《公司章程》《 董事会审计委员会实施细则》等相关规定，董事会审计委员会本着勤勉尽责的原则，恪尽 职守，认真履职。现将董事会审计委员会对会计师事务所2024年度履职评估及履行监督职 责的情况汇报如下： 一、2024年年审会计师事务所基本情况 （二）聘任会计师事务所履行的程序 3 公司于2024年12月27日召开第七届董事会第十一次会议、第七届监事会第八次会议， 审议通过了《关于拟变更会计师事务所的议案》，该议案于2025年1月13日经公司2025年第 一次临时股东大会审议通过，同意聘请容诚会计师事务所为公司2024年度财务审计机构及 内部控制审计机构。 二、2024 年度会计师事务所履职情况 （一）会计师事务所基本情况 1、基本信息 容诚会计师事务所（特殊普通合伙） ...

证券代码：002129 证券简称：TCL 中环 公告编号：2025-016 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。 TCL中环新能源科技股份有限公司（以下简称"公司"） 第七届董事会第十三次会议和第 七届监事会第九次会议审议通过了《关于2024年度计提资产减值准备的议案》，具体情况如下： 一、 本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 根据《企业会计准则》《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》等有关规定，为真实、公允地反映公司财务状况 及经营成果，对公司截至2024年12月31日合并报表范围内有关资产计提相应减值准备。 （二）本次计提减值准备的具体情况 TCL 中环新能源科技股份有限公司 关于 2024 年度计提资产减值准备的公告 根据《企业会计准则第8号——资产减值》及公司会计政策相关规定，公司对合并报表范 围内各类资产进行了全面清查和减值测试，对截至2024年12月31日存在减值迹象的相关资产 计提相应的减值准备。经测试，公司2024年度减值合计519,955.41 ...

RSM 容 诚 涉及财务公司关联交易的存款、贷款等 会融业务的专项说明 TCL 中环新能源科技股份有限公司 容诚专字[2025]518Z0241 号 容诚会计师事务所(特殊普通合伙) 中国北京 序号 内 页码 | 关于 TCL 中环新能源科技股份有限公司涉及财务 1-2 | | --- | | 公司关联交易的存款、贷款等金融业务的专项说明 | TCL 中环新能源科技股份有限公司 2024 年度与 TCL 科技集团财务有限公司存款、贷款等金融业 2 1 务汇总表 HT 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 .mof.gov.cn） 进行查验。 报告编码:京25J5VCSPSH 录 关于 TCL 中环新能源科技股份有限公司 涉及财务公司关联交易的存款、贷款等金融业务的专项说明 容诚专字[2025]518Z0241 号 TCL 中环新能源科技股份有限公司全体股东: 我们接受委托,根据中国注册会计师审计准则审计了 TCL中环新能源科技股 份有限公司(以下简称 TCL 中环公司)2024年12月31日的合并及母公司资产负 债表,2024年度合并 ...

TCL中环新能源科技股份有限公司 环境篇 光启新程 拥抱净零 目录 | 管理层致辞 | 01 | | --- | --- | | 董事会声明 | 03 | | 走进 TCL 中环 | 04 | | 年度专题 | 05 | | 可持续发展绩效 | 08 | | 可持续发展管理 | 10 | | 关于本报信 | | --- | 关于本报告 91 附录 93 E NVIRONMENTAL | 应对气候变化 | 20 | | --- | --- | | 水资源管理 | 35 | | 环境合规与生态保护 | 40 | S OCIAL G OVERNAVNCE 社会篇 价值共创 光之所向 | 清洁技术机遇与创新 | 50 | | --- | --- | | 产品责任 | 55 | | 负责任供应链 | 59 | | 人力资本发展 | 66 | | 职业健康与安全 | 78 | | 社会贡献 | 80 | 治理篇 治理为基 追光致远 | 治理责任 | 84 | | --- | --- | | 合规与内控管理 | 88 | | 数据安全与隐私保护 | 89 | CONTENTS 05 管理层致辞 董事会声明 走进 TCL 中 ...

导语 ：210技术始终是TCL中环的蓝海战略，当行业聚焦尺寸标准化时，中环已通过技术、制造、生态三位一体的核心竞争力构建起 新时代的棋局。 在此背景下，210产品的技术代差优势大放异彩，由于其恰好契合当前光伏电站投资方对降本增效的迫切需求，成为了市场上的硬通货、客 户订单的首选。TCL中环作为210的创始者和推动者，再次站在了聚光灯下。 笔者认为，与其说是210接住了需求上涨的"泼天富贵"，不如说是市场再一次验证了210的技术经济性，验证了这一场由中环始于5年前的技 术路线转移，将战略驶向大尺寸的"价值蓝海"。 2019年，TCL中环全球首发210大尺寸硅片，光伏从此进入大尺寸化时代。大尺寸硅片技术，不仅是通常意义上的尺寸加大，而是兼顾了性 能、制造复杂度与成本结构的行业降本增效最佳解决方案。 降本增效的硬通货 3月31日，硅片龙头TCL中环（002129.SZ）官方宣布，210硅片累计出货量已突破200GW，预计外销市占率达60%，保持技术与销量双领 先。 由于"430"与"531"两大政策节点倒逼，光伏行业掀起抢装潮。N型TOPCon电池片、210系列硅片等高效产品供需失衡，价格快速上涨。根据 硅业分会公 ...

Investment Rating - The report assigns a "Buy" rating for TCL Technology with a target price of 5.93 CNY, based on its strong market position and growth potential in the semiconductor display and photovoltaic sectors [9]. Core Insights - TCL Technology is a global leader in semiconductor displays and photovoltaic silicon wafers, with a strong profitability outlook driven by government subsidy policies and strategic share buybacks [1][2]. - The company has shown significant revenue growth, with a projected revenue of 802.24 billion CNY for the first half of 2024, representing a year-on-year increase of 192.28% in net profit [1][36]. - The company is well-positioned to benefit from the ongoing demand for large-sized TV panels and the recovery of the OLED market, as well as the anticipated rebound in the photovoltaic industry [3][5][6]. Summary by Sections Company Overview - TCL Technology focuses on semiconductor displays and renewable energy, aiming to become a leading high-tech industrial group globally. The company has a strong market presence in TV panels and flexible OLEDs, ranking among the top in the industry [16][17]. Semiconductor Display Business - The semiconductor display segment is TCL's primary business, contributing 47.98% of total revenue in 2023. The company has seen a 40.39% year-on-year increase in revenue for this segment in the first half of 2024, with net profit improving significantly [27][29][36]. - The large-size panel market is benefiting from government subsidies, which are expected to drive demand and stabilize prices. TCL's market share in TV panels remains strong, with a focus on high-generation production lines [3][4]. Photovoltaic Business - The photovoltaic segment, while facing short-term challenges due to supply-demand imbalances, is expected to recover as the industry undergoes a restructuring phase. TCL's market share in photovoltaic silicon wafers is the highest in the industry [6][30]. - The company is committed to technological innovation and cost reduction to enhance its competitive edge in the photovoltaic sector [6][30]. Financial Performance - TCL Technology's financial health has improved, with a significant increase in operating income and net profit. The company reported a net profit of 9.95 billion CNY in the first half of 2024, marking a substantial increase from the previous year [1][36]. - The company has maintained a stable expense ratio while increasing its R&D investment, which reached 103.09 billion CNY in 2023, representing 5.91% of its revenue [42][44].

Investment Rating - The report assigns a "Buy" rating for TCL Technology with a target price of 5.93 CNY, reflecting a positive outlook for the company's performance in the coming years [9]. Core Insights - TCL Technology is positioned as a global leader in semiconductor display and photovoltaic silicon wafer industries, with strong profitability and growth potential. The company reported a significant increase in revenue and net profit for the first half of 2024, driven by its semiconductor display business [1][7]. - The company is actively pursuing share buybacks and strategic acquisitions to enhance shareholder value and strengthen its market position [2]. - Government subsidy policies are expected to stimulate demand for large-sized TVs, benefiting TCL's sales and market share [3]. Summary by Sections Company Overview - TCL Technology focuses on semiconductor display and new energy photovoltaic sectors, aiming to become a leading high-tech enterprise globally. The company has a strong market presence, with TCL Huaxing ranking second in global TV panel shipments and TCL Zhonghuan leading in photovoltaic silicon wafer market share [1][16]. Semiconductor Display Business - The semiconductor display segment is TCL's primary business, contributing 47.98% to total revenue in 2023. The company achieved a revenue of 498.77 billion CNY in the first half of 2024, marking a 40.39% year-on-year increase [27][29]. - The large-sized panel market is experiencing growth due to government incentives, with TCL Huaxing maintaining a strong competitive position [3][29]. Photovoltaic Business - The photovoltaic segment accounted for 33.92% of TCL's total revenue in 2023. Despite facing short-term challenges due to supply-demand imbalances, TCL Zhonghuan is expected to benefit from long-term market growth [30][36]. - The company is focusing on cost reduction and efficiency improvements to enhance its competitive edge in the photovoltaic industry [30]. Financial Performance - TCL Technology's financial performance has shown significant improvement, with total revenue increasing from 766.77 billion CNY in 2020 to 1743.67 billion CNY in 2023. The net profit for the first half of 2024 reached 9.95 billion CNY, a 192.28% increase year-on-year [32][34]. - The company has maintained a stable gross margin, with the semiconductor display business achieving a gross margin of 18.80% in the first half of 2024 [36][39]. Future Outlook - The report forecasts revenue growth for TCL Technology, estimating revenues of 1694.57 billion CNY, 1956.04 billion CNY, and 2172.38 billion CNY for 2024, 2025, and 2026, respectively. The net profit is projected to reach 16.88 billion CNY in 2024 [7][8].

Investment Rating - The report assigns a "Buy" rating for TCL Technology with a target price of 5.93 CNY, based on its strong market position and growth potential in the semiconductor display and photovoltaic sectors [9]. Core Insights - TCL Technology is a global leader in semiconductor displays and photovoltaic silicon wafers, with a strong profitability outlook driven by government subsidies and strategic share buybacks [1][2]. - The company has shown significant revenue growth, with a projected revenue of 802.24 billion CNY for the first half of 2024, representing a 192.28% year-on-year increase in net profit [1][7]. - The company is well-positioned to benefit from the ongoing demand for large-sized TV panels, supported by government recycling subsidies and a recovering market [3][4]. Summary by Sections Company Overview - TCL Technology focuses on semiconductor displays and new energy photovoltaics, aiming to become a leading high-tech industrial group globally [16][17]. - The company has a strong market presence, ranking second globally in TV panel shipments and first in photovoltaic silicon wafer market share [1][17]. Semiconductor Display Business - The semiconductor display segment is TCL's primary business, contributing 47.98% of total revenue in 2023, with a significant increase in profitability due to improved market conditions [27][29]. - TCL Huaxing, the subsidiary responsible for this segment, achieved a revenue of 498.77 billion CNY in the first half of 2024, a 40.39% increase year-on-year [29][36]. Photovoltaic Business - The photovoltaic segment, while facing short-term challenges due to supply-demand imbalances, is expected to recover as the industry undergoes a restructuring phase [6][30]. - TCL Zhonghuan, the subsidiary for this segment, reported a revenue of 162.13 billion CNY in the first half of 2024, a decrease of 53.54% year-on-year, indicating current operational challenges [30][36]. Financial Performance - The company has shown a consistent improvement in financial metrics, with a significant increase in net profit and revenue over the past few years, driven by the recovery in the semiconductor display market [32][34]. - The gross margin for the semiconductor display business improved to 18.80% in the first half of 2024, reflecting better pricing and cost management [36][39]. Future Outlook - The report forecasts revenue growth for TCL Technology, estimating revenues of 1694.57 billion CNY, 1956.04 billion CNY, and 2172.38 billion CNY for 2024, 2025, and 2026 respectively [7]. - The company is expected to continue benefiting from government policies aimed at boosting consumer electronics demand, particularly in the TV panel market [3][4].

Group 1 - Qin Shilong has been appointed as the new board secretary of JA Solar Technology after serving as the board secretary at TCL Zhonghuan for seven years [1][2] - Wu Tingdong, the former board secretary, resigned due to internal work adjustments but will continue to manage other business segments within JA Solar [1][2] - JA Solar recently announced plans for a Hong Kong IPO to enhance its global development strategy and create an international capital operation platform [2][3] Group 2 - JA Solar is facing significant performance pressure, with a projected net loss of 4.5 billion to 5.2 billion yuan for 2024, compared to a net profit of 7.039 billion yuan in the same period last year [3] - TCL Zhonghuan has also been expanding into downstream battery and module sectors, indicating overlapping business areas with JA Solar [3] - Recent personnel changes in the photovoltaic industry have become more frequent due to market downturns, with several companies undergoing leadership transitions [6]