本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江苏通润装备科技股份有限公司（以下简称"公司"）于 2025 年 12 月 9 日 召开第八届董事会第二十六次会议，审议通过了《关于 2026 年度日常关联交易 预计的议案》，该事项尚需提交公司股东会审议。现将相关事项公告如下： 一、日常关联交易基本情况 证券代码：002150 证券简称：通润装备 公告编号：2025-058 江苏通润装备科技股份有限公司 关于 2026 年度日常关联交易预计的公告 （一）关联交易概述 2026 年，公司及合并报表范围内子公司（以下合称"公司及子公司"）拟与 关联方正泰集团股份有限公司、浙江正泰电器股份有限公司、常熟市通润开关厂 有限公司等主体发生日常关联交易，预计 2026 年关联交易总额不超过人民币 234,000.00 万元。 （二）审议程序 2025 年 12 月 9 日，公司第八届董事会第二十六次会议以 4 票赞成、0 票反 对、0 票弃权的表决结果审议通过了《关于 2026 年度日常关联交易预计的议案》， 关联董事陆川、张智寰、南尔、周承军、顾雄斌回避表决。该议案事前已 ...

证券代码：002150 证券简称：通润装备 公告编号：2025-059 江苏通润装备科技股份有限公司 关于与正泰集团财务有限公司开展金融业务 持续关联交易预计的公告 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。 江苏通润装备科技股份有限公司（以下简称"公司"或"通润装备"）于 2025 年 12 月 9 日召开第八届董事会第二十六次会议，审议通过了《关于与正泰 集团财务有限公司开展金融业务持续关联交易预计的议案》，该事项尚需提交公 司股东会审议。现将相关事项公告如下： 一、关联交易概述 （一）基本情况 公司分别于 2025 年 9 月 25 日、2025 年 11 月 3 日召开了第八届董事会第二 十四次会议和 2025 年第二次临时股东会，审议通过了《关于与正泰集团财务有 限公司签署<金融服务协议>暨关联交易的议案》。公司与正泰集团财务有限公 司（以下简称"正泰财务公司"）签署了《金融服务协议》，就授信服务、存款 服务、资金统一结算业务以及其他金融服务等业务达成协议，有效期为 2026 至 2028 年度。在协议有效期内，正泰财务公司向公司及合并报表范围内 ...

证券代码：002150 证券简称：通润装备 公告编号：2025-057 江苏通润装备科技股份有限公司 第八届董事会第二十六次会议决议公告 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 江苏通润装备科技股份有限公司（以下简称"公司"）第八届董事会第二十 六次会议于 2025 年 12 月 3 日以电子邮件方式发出通知，于 2025 年 12 月 9 日以 通讯方式召开。本次董事会应出席董事 9 名，实际出席董事 9 名，会议由董事长 陆川先生主持。会议的召集、召开和表决程序符合《中华人民共和国公司法》等 相关法律、行政法规、部门规章、规范性文件及《江苏通润装备科技股份有限公 司章程》的规定。 二、董事会会议审议情况 出席会议的董事审议并以记名投票的方式表决通过了以下议案： （一）审议通过《关于 2026 年度日常关联交易预计的议案》； 表决结果：4 票同意、0 票反对、0 票弃权，关联董事陆川、张智寰、南尔、 周承军、顾雄斌对本议案回避表决，表决通过。 本议案已经公司独立董事专门会议事前审议通过。 本议案尚需提交公司股东会审议。 具体内 ...

Core Viewpoint - The photovoltaic and energy storage industry is experiencing a decline in production and demand, with domestic and international markets showing signs of weakness, leading to adjustments in production plans and pricing strategies [1][2]. Production - Photovoltaic module production in November 2025 decreased by 2.43% compared to October, with domestic installation progress in December falling short of expectations, leading to increased inventory levels [1][2]. - In December 2025, the production forecast for China's market of power, storage, and consumer batteries is 220 GWh, a 5.3% increase month-on-month, with energy storage batteries accounting for approximately 35.3% of this production [2]. Pricing - As of December 3, 2025, the price of polysilicon remained stable at 52.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers decreased slightly to 1.18 CNY/piece [3]. - The average bid price for lithium iron phosphate battery storage systems in October 2025 was 0.5547 CNY/Wh, reflecting a 10% increase month-on-month [3]. Demand - In October 2025, the export value of photovoltaic modules was approximately 2.258 billion USD, a year-on-year increase of 4.39% but a month-on-month decrease of 19.34% [4]. - Domestic photovoltaic installations in October 2025 reached 12.6 GW, a month-on-month increase of 30.4%, while cumulative installations for the year totaled 252.87 GW, a year-on-year increase of 39.5% [4]. Investment Recommendations - The report suggests focusing on companies related to photovoltaic and energy storage sectors, recommending stocks such as Sungrow Power Supply (300274.SZ), Narada Power Source (300068.SZ), and others [5].

Investment Rating - The industry is rated as "Strongly Outperforming the Market" [2][36]. Core Viewpoints - The report highlights a decline in domestic photovoltaic module production in November, while the demand for energy storage remains robust [2][5]. - The production forecast for December indicates a 5.3% month-on-month increase in battery production, with energy storage cells accounting for approximately 35.3% of the total [2][12]. - The report suggests focusing on companies related to photovoltaic and energy storage sectors, recommending specific stocks such as Sunshine Power, Nandu Power, and others [2][36]. Summary by Sections Production - In November 2025, the overall production of photovoltaic modules decreased by 2.43% compared to October [2][5]. - The forecast for December indicates a total production of 220 GWh for the Chinese market, with a month-on-month growth of 5.3% [2][12]. Prices - As of December 3, 2025, the price of polysilicon remained stable at 52.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers decreased slightly to 1.18 CNY/piece [2][12]. - The average bid price for lithium iron phosphate battery energy storage systems in October was 0.5547 CNY/Wh, reflecting a 10% month-on-month increase [2][20]. Domestic Demand - In October 2025, the domestic photovoltaic installation capacity increased by 30.4% month-on-month, totaling 12.6 GW, while the cumulative installation for the year reached 252.87 GW, a 39.5% year-on-year increase [2][22]. - The energy storage sector saw a significant increase in new tender projects, with a year-on-year growth of 85% [2][28]. Overseas Demand - In October 2025, the export value of photovoltaic modules was approximately 2.258 billion USD, showing a year-on-year increase of 4.39% [2][32]. - The report notes a significant growth potential in emerging markets, particularly in Australia, where inverter exports have seen a substantial increase [2][34].

（文章来源：证券日报） 证券日报网讯 12月8日，通润装备在互动平台回答投资者提问时表示，为保障投资者平等获悉公司信 息，公司会在定期报告中披露对应时点的股东人数。 ...

证券代码：002150 证券简称：通润装备 公告编号：2025-056 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东减 持股份管理暂行办法》《深圳证券交易所上市公司自律监管指引第 18 号——股东 及董事、高级管理人员减持股份》等相关规定，现将相关情况公告如下： 1 | 1、基本情况 | | | | | | | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | 珠海悦宁管理咨询合伙企业（有限合伙） 珠海康东股权投资合伙企业（有限合伙） | | | | | | 住 所 | 珠海市横琴新区宝华路 珠海市横琴新区环岛东路 | 6 号 105 1889 | 号 栋 17 201 | 室-73158（集中办公区） 室-578 | 号（集中办公区） | | 权益变动时间 2025 | 年 月 12 3 | 日 | | | | | 月 权益变动过程 | 日期间以集中竞价方式合计减持公司股份 3 一致行动人珠海康东合计持有公司股份的比例由 | 因其自身资金需求，珠海悦宁于 | 2025 年 11 | 月 19 日至 3,408,682 | 2025 年 ...

Core Viewpoint - The solar and energy storage industry is experiencing mixed production trends, with potential for recovery in production levels due to price rebounds and profit restoration [1][2]. Production - Solar module production has been stable since the second half of 2025, with November production expected to be below 44.5 GW, reflecting a decrease from October [1][2]. - In the battery sector, the production forecast for December 2025 indicates a total of 220 GWh for the Chinese market, a 5.3% increase, with energy storage cells accounting for approximately 35.3% of this total [2]. Pricing - As of November 26, 2025, the price of polysilicon remained stable at 52.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers decreased slightly to 1.20 CNY/piece [3]. - The average price for lithium iron phosphate battery storage systems in October 2025 was 0.5547 CNY/Wh, reflecting a 10% increase from the previous month [3]. Demand - In October 2025, the export value of solar modules was approximately $2.258 billion, a year-on-year increase of 4.39%, while cumulative exports from January to October totaled $23.473 billion, a decrease of 4.89% [4]. - Domestic solar installations in October 2025 reached 12.6 GW, a 30.4% increase month-on-month, with cumulative installations for the year at 252.87 GW, a 39.5% year-on-year increase [4]. Investment Recommendations - The report suggests focusing on solar and energy storage-related companies, recommending specific stocks such as Sunshine Power, Nandu Power, Tongrun Equipment, Huashengchang, and Shouhang New Energy [5].

Investment Rating - The industry is rated as "Outperform" compared to the market index [3][33]. Core Insights - The report highlights a stable production trend in the photovoltaic (PV) component sector, with a slight increase in production from leading companies, while most others are reducing output to clear inventory. The total production for November is expected to be below 44.5 GW, with potential for recovery in profit margins leading to increased production [3]. - In December 2025, the production forecast for batteries in China is 220 GWh, reflecting a 5.3% month-on-month increase, with energy storage batteries accounting for approximately 35.3% of this total. Globally, the production is expected to reach 235 GWh, up 3.1% month-on-month, indicating strong growth in energy storage despite pressure on power battery production [3]. - The average price of polysilicon remains stable at 52.00 CNY/kg, while the price of monocrystalline silicon wafers has slightly decreased to 1.20 CNY/piece. The average price for energy storage systems based on lithium iron phosphate batteries has increased by 10% to 0.5547 CNY/Wh [3]. - Domestic demand for PV installations saw a significant increase in October 2025, with new installations reaching 12.6 GW, a 30.4% month-on-month growth, although this represents a 38.3% year-on-year decline. Cumulatively, new installations for the year reached 252.87 GW, up 39.5% year-on-year [3]. - Export data indicates that in October 2025, the export value of PV components was approximately 2.258 billion USD, a year-on-year increase of 4.39%, despite a month-on-month decline of 19.34%. The cumulative export value for the first ten months of 2025 was 23.473 billion USD, down 4.89% year-on-year [3]. Summary by Sections Production - PV component production has shown stability, with leading companies increasing output slightly while others reduce to manage inventory. November's production is projected to be below 44.5 GW [3][4]. Prices - The price of polysilicon remains at 52.00 CNY/kg, while monocrystalline silicon wafer prices have decreased slightly. Energy storage system prices have increased by 10% [3][7]. Domestic Demand - New PV installations in October reached 12.6 GW, marking a 30.4% month-on-month increase but a 38.3% year-on-year decline. Cumulative installations for the year are at 252.87 GW, up 39.5% year-on-year [3][18]. Overseas Demand - The export value of PV components in October was approximately 2.258 billion USD, with a year-on-year increase of 4.39%. The cumulative export value for the first ten months was 23.473 billion USD, down 4.89% year-on-year [3][28].

Core Insights - The report indicates a mixed performance in the photovoltaic (PV) component production and pricing, with potential for recovery in profits if prices rebound [1][2][3] Production Summary - PV Component Production: As of November 2025, domestic PV component production is expected to be below 44.5 GW, with leading companies showing slight increases while most others are reducing output to clear inventory [1] - Battery Production: In November 2025, the production of power, storage, and consumer batteries in China is projected to reach 209 GWh, a month-on-month increase of 12.4% and a year-on-year increase of 64.6% [1] Pricing Summary - PV Pricing: As of November 21, 2025, the price of polysilicon remains stable at 52.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers has decreased to 1.28 CNY/piece [1] - Energy Storage Pricing: In October 2025, the average bid price for lithium iron phosphate battery storage systems is 0.5547 CNY/Wh, reflecting a month-on-month increase of 10% [1] Demand Summary - Export Performance: In October 2025, the export value of PV components was approximately $2.258 billion, showing a year-on-year increase of 4.39% but a month-on-month decline of 19.34% [2] - Domestic Installation: In September 2025, the domestic PV installation capacity was 9.7 GW, a month-on-month increase of 31.3% but a year-on-year decrease of 53.8% [2] Investment Recommendations - The report suggests focusing on energy storage-related companies due to the significant year-on-year growth in storage project tenders, recommending companies such as Sungrow Power Supply (300274.SZ) and Nandu Power (300068.SZ) [3]