证券代码：002309 证券简称：中利集团 公告编号：2026-009 江苏中利集团股份有限公司 关于公司及相关人员收到江苏证监局警示函的公告 一、《警示函》的具体内容 "江苏中利集团股份有限公司，王伟峰、徐军成： 经查，江苏中利集团股份有限公司（以下简称公司）存在以下违规行为： 2025 年 4 月 22 日，公司披露《关于 2024 年前三季度各期会计差错更正及 追溯调整的公告》，对公司 2024 年开展的光伏电池片和组件业务的收入确认方式 由'总额法'更正为'净额法'，将 2024 年一季报、半年报、三季报营业收入分 别调减 2.81 亿元、5.58 亿元和 6.58 亿元，公司 2024 年一季报、半年报、三季 报相关信息披露不准确。 以上行为违反了《上市公司信息披露管理办法》(证监会令第 182 号)第三条 的规定。根据《上市公司信息披露管理办法》(证监会令第 182 号)第五十一条的 规定，公司时任董事长兼总经理王伟峰、时任财务总监徐军成对公司前述违规行 为承担主要责任。根据《上市公司信息披露管理办法》(证监会令第 182 号)第五 十二条的规定，我局决定对公司、王伟峰、徐军成采取出具警示函的监督 ...

- **Tracking indicators and calculation methods** The report uses two key metrics: the proportion of large buy order transaction amounts and the proportion of net active buy transaction amounts. The large buy order transaction amount proportion reflects the buying behavior of large funds. It is calculated by restoring tick-by-tick transaction data into buy and sell order data based on bid and ask sequence numbers, filtering for large orders by transaction volume, and computing the proportion of large buy order transaction amounts relative to the total daily transaction amount. The net active buy transaction amount proportion reflects investors' active buying behavior. It is calculated by identifying whether each transaction is an active buy or sell based on tick-by-tick transaction data, subtracting active sell transaction amounts from active buy transaction amounts, and computing the proportion of net active buy transaction amounts relative to the total daily transaction amount[7] - **Individual stock tracking** The report tracks individual stocks based on the two metrics mentioned above. For the past 5 trading days (20260323-20260327), the top 10 stocks with the highest average proportion of large buy order transaction amounts include New Energy Taishan (93.2%), Snow Wave Environment (85.7%), and Zhongli Group (85.4%). Similarly, the top 10 stocks with the highest average proportion of net active buy transaction amounts include Zhen De Medical (16.7%), China General Nuclear (15.9%), and Zhejiang Energy Power (12.6%)[9][10] - **Broad-based index tracking** The report applies the same metrics to major broad-based indices. For the past 5 trading days, the average proportion of large buy order transaction amounts for indices such as the Shanghai Composite Index, SSE 50, and CSI 300 ranged from 69.5% to 73.7%. The average proportion of net active buy transaction amounts for these indices ranged from 1.0% to 3.2%[12] - **Sector tracking** The report tracks the metrics across various sectors based on the CITIC primary industry classification. For the past 5 trading days, sectors such as coal (78.4%), steel (78.7%), and real estate (78.9%) had high proportions of large buy order transaction amounts. Sectors like medicine (12.3%), steel (10.8%), and food & beverage (10.6%) had high proportions of net active buy transaction amounts[13] - **ETF tracking** The report tracks ETFs using the same metrics. For the past 5 trading days, the top 10 ETFs with the highest average proportion of large buy order transaction amounts include Guotai CSI A500 ETF (92.4%), Huatai-PineBridge CSI A500 ETF (92.1%), and Penghua CSI Oil & Gas ETF (91.3%). The top 10 ETFs with the highest average proportion of net active buy transaction amounts include Haifutong SSE Urban Investment Bond ETF (24.4%), Fuguo ChiNext Artificial Intelligence ETF (19.4%), and Guotai SSE 10-Year Treasury Bond ETF (16.9%)[15][16]

Market Overview - The A-share market showed a strong rebound today, with the Shanghai Composite Index rising by 0.24%, while Japanese and Korean markets fell by nearly 3% each, indicating a competitive advantage for China [1] - The total market turnover reached 19,277.83 billion yuan, an increase of 637.87 billion yuan compared to the previous day, with over 2,800 stocks rising [21] Sector Performance - The aluminum sector led the gains, with companies like Tianshan Aluminum and Chang Aluminum hitting the daily limit. This surge is attributed to attacks on two Middle Eastern aluminum producers, which disrupted global aluminum supply chains [21][31] - The pharmaceutical sector continued to perform well, with stocks like Meinuo Pharma achieving five consecutive limits. The first quarter saw China's innovative drug licensing transactions exceed $60 billion, nearing half of last year's total [21] - The aerospace sector also saw increased activity, with companies like Shenjian Co. and Zengsheng Technology experiencing multiple limit-ups due to recent contract wins and upcoming launches [21] Company Updates - Maiwei Co. experienced a significant drop in stock price, attributed to market rumors regarding export restrictions on equipment and weak first-quarter performance expectations. However, the company has completed the first phase of equipment delivery for HJT production lines in the U.S. [16][18] - The optical fiber sector showed strong performance, with companies like Hengtong Optic-Electric and Changfei Optic-Fiber seeing stock price increases due to rising prices from operators and strong demand from data centers [19][23] - The agricultural sector also saw gains, driven by rising energy prices impacting fertilizer and logistics costs, which in turn raised expectations for agricultural product prices [23] Financial Performance - Zhaoyan New Drug reported a revenue of 1.658 billion yuan for 2025, a decrease of 17.87% year-on-year, but a net profit increase of 302.08% to 298 million yuan [27] - New Sharp Co. expects first-quarter revenue for 2026 to be between 1 billion and 1.15 billion yuan, a year-on-year increase of 89.28% to 117.68% [27] - Huazhi Precision anticipates a first-quarter net profit of 150 to 190 million yuan for 2026, reflecting a year-on-year growth of 413.28% to 550.15% [27] Industry Insights - Goldman Sachs has downgraded the target for the MSCI China Index and the CSI 300 Index by 5% and 4%, respectively, indicating a potential price return of 24% and 12% over the next 12 months [12] - The global economic backdrop is expected to lower the fair value of Chinese stocks by approximately 5%, with 2% attributed to profit deterioration and 3-4% due to a decline in the price-to-earnings ratio [11]

- The report constructs indicators using transaction details data to track large purchases and net active purchases[1][7] - The large order transaction amount ratio depicts the buying behavior of large funds[7] - The net active purchase amount ratio depicts investors' active buying behavior[7] - The large order transaction amount ratio is calculated by restoring transaction data to buy and sell order data and filtering large orders based on transaction volume, then calculating the ratio of large order transaction amount to the total transaction amount of the day[7] - The net active purchase amount ratio is calculated by identifying each transaction as active buy or active sell based on transaction data, subtracting the transaction amounts of the two, and calculating the ratio of net active purchase amount to the total transaction amount of the day[7] Model Backtest Results - Large order transaction amount ratio for individual stocks (20260316-20260320): Shaoneng Co., Ltd. 86.7%, Angang Steel Co., Ltd. 85.7%, Zhongli Group 85.5%, Huadian Liaohe Energy 85.5%, Wentou Holdings 85.3%, Xining Special Steel 84.9%, Jiangyan Group 84.8%, China High-Speed Railway 84.7%, Guangshen Railway 84.6%, Shaanxi International Trust 84.6%[9] - Net active purchase amount ratio for individual stocks (20260316-20260320): Yunnan Baiyao 15.5%, Supor 14.9%, ZJ Bio-Tech-U 14.5%, Industrial and Commercial Bank of China 13.9%, Fulin Precision 13.6%, China World Trade Center 13.3%, Anbotong 13.0%, Zhongwang Fabric 13.0%, Shandong Expressway 12.2%, Youngor 12.2%[10] - Large order transaction amount ratio for broad-based indices (20260316-20260320): SSE Composite Index 72.3%, SSE 50 Index 71.3%, CSI 300 Index 73.4%, CSI 500 Index 71.3%, ChiNext Index 72.4%[12] - Net active purchase amount ratio for broad-based indices (20260316-20260320): SSE Composite Index -4.6%, SSE 50 Index -4.3%, CSI 300 Index -2.3%, CSI 500 Index -3.9%, ChiNext Index 0.7%[12] - Large order transaction amount ratio for CITIC first-level industries (20260316-20260320): Petroleum and Petrochemical 76.4%, Coal 77.5%, Nonferrous Metals 73.7%, Electric Power and Public Utilities 77.5%, Steel 78.3%, Basic Chemicals 74.1%, Construction 76.9%, Building Materials 75.1%, Light Manufacturing 74.4%, Machinery 72.6%, Electric Power Equipment and New Energy 74.8%, National Defense and Military Industry 69.5%, Automotive 72.5%, Commercial Retail 74.6%, Consumer Services 74.7%, Home Appliances 75.0%, Textiles and Apparel 75.8%, Medicine 71.1%, Food and Beverage 68.7%, Agriculture, Forestry, Animal Husbandry, and Fishery 75.1%, Banking 80.0%, Non-Banking Finance 74.2%, Real Estate 77.3%, Transportation 78.3%, Electronics 69.5%, Communications 73.4%, Computers 70.5%, Media 73.3%, Comprehensive 76.1%, Comprehensive Finance 73.3%[13] - Net active purchase amount ratio for CITIC first-level industries (20260316-20260320): Petroleum and Petrochemical -3.4%, Coal 0.5%, Nonferrous Metals -4.8%, Electric Power and Public Utilities -1.0%, Steel -10.2%, Basic Chemicals -5.4%, Construction -10.0%, Building Materials -5.5%, Light Manufacturing -5.4%, Machinery -4.1%, Electric Power Equipment and New Energy -0.1%, National Defense and Military Industry -9.0%, Automotive -3.6%, Commercial Retail -12.4%, Consumer Services -4.4%, Home Appliances -5.9%, Textiles and Apparel -8.2%, Medicine -6.1%, Food and Beverage -5.1%, Agriculture, Forestry, Animal Husbandry, and Fishery -6.9%, Banking -2.2%, Non-Banking Finance -11.9%, Real Estate -8.4%, Transportation -2.3%, Electronics -2.3%, Communications 1.2%, Computers -10.9%, Media -11.4%, Comprehensive -14.2%, Comprehensive Finance -20.8%[13] - Large order transaction amount ratio for ETFs (20260316-20260320): Huatai-PineBridge CSI A500 ETF 93.6%, Huatai-PineBridge MSCI China A50 Interconnection ETF 93.5%, Guotai CSI A500 ETF 93.4%, Haifutong SSE Urban Investment Bond ETF 92.0%, Huaxia CSI A500 ETF 91.5%, Tianhong CSI Computer Theme ETF 91.2%, Guotai CSI All Index Building Materials ETF 90.4%, Southern CSI All Index Dividend Quality ETF 89.6%, Penghua CSI Oil and Natural Gas ETF 89.1%, Harvest CSI Rare Earth Industry ETF 89.1%[15] - Net active purchase amount ratio for ETFs (20260316-20260320): Tianhong CSI Industrial Nonferrous Metals Theme ETF 18.3%, Harvest CSI Green Power ETF 14.0%, Huaxia CSI Subdivided Nonferrous Metals Industry ETF 13.9%, Invesco Great Wall CSI Dividend Low Volatility 100 ETF 13.2%, Huaxia CSI Semiconductor Materials and Equipment Theme ETF 12.2%, Haifutong SSE Urban Investment Bond ETF 12.0%, Huatai-PineBridge CSI Energy ETF 11.1%, E Fund Shenzhen 100 ETF 11.0%, Southern ChiNext Artificial Intelligence ETF 10.1%, Huatai-PineBridge Dividend Low Volatility ETF 9.4%[16]

证券代码：002309 证券简称：中利集团 公告编号：2026-008 江苏中利集团股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 江苏中利集团股份有限公司（以下简称"公司"）股票（证券简称：中利集 团，证券代码：002309）于 2026 年 3 月 20 日、3 月 23 日连续 2 个交易日收盘 价格涨幅偏离值累计超过 20%，根据深圳证券交易所的有关规定，属于股票交易 异常波动的情况。 二、公司关注并核实的情况说明 针对公司股票交易异常波动，公司董事会向公司、控股股东就相关事项进行 了核实，现就有关情况说明如下： 1.公司前期披露的信息截至目前不存在需要更正、补充之处； 2.公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息； 3.公司目前生产经营情况正常； 三、是否存在应披露而未披露信息的说明 4. 经函询公司控股股东常熟光晟新能源有限公司，公司、控股股东不存在 关于本公司的应披露而未披露的重大事项，或处于筹划阶段的重大事项； 公司董事会确认，公司 ...

Core Viewpoint - The photovoltaic industry chain stocks experienced significant gains, with multiple companies reaching their daily limit up, driven by market dynamics and news related to major players like Tesla and SpaceX [1][2][3]. Photovoltaic Industry Chain - On March 20, photovoltaic stocks surged, with companies like Shangneng Electric and Shouhang New Energy hitting the 20% limit up, while Jinlang Technology rose over 15% [3][4]. - The market saw a strong performance from several photovoltaic stocks, including Dongfang New Energy and Zhongli Group, which also reached their daily limit up [3][4]. - Tesla is reportedly planning to procure solar panels and battery manufacturing equipment worth $2.9 billion from Chinese suppliers, which may involve several listed companies [5]. - Musk's team is working on photovoltaic orders for both SpaceX and Tesla, with plans to establish 100GW of photovoltaic capacity in the U.S. over the next three years [6]. Electric Power Sector - The electric power sector showed strong performance, with companies like Jiuzhou Group and Huadian Liaoning achieving significant gains, including a 20% limit up for Jiuzhou Group [8][9]. - Huadian Liaoning has seen five consecutive days of limit up trading, with the company confirming stable operational conditions and no significant changes in its business environment [10]. - Huadian Energy has reported a cumulative increase of over 100% in its stock price since March, although it has warned of potential market overheating and irrational speculation risks [11]. Market Dynamics - The A-share market displayed a mixed performance, with the Shanghai Composite Index falling by 1.24% while the ChiNext Index rose by 1.3% [1]. - The overall trading volume in the Shanghai and Shenzhen markets reached approximately 2.3 trillion yuan, an increase of about 175 billion yuan from the previous day [1]. Notable Events - Chuangxin Data experienced a sharp decline, hitting a near 15% drop, attributed to market rumors regarding the compliance of its server procurement [12][13][15].

地址：上海市长宁区仙霞路 99 号尚嘉中心 22 层、12 层 （200051） Add: 22F&12F, L'Avenue No.99 XianXia Rd, Changning District, Shanghai, PRC 电话 Tel: +86 21 23563298 传真Fax: +86 21 23563299 网址 Website：http://www.guantao.com 邮箱 Email: guantaosh@guantao.com 北京观韬（上海）律师事务所 关于 江苏中利集团股份有限公司 2026 年第一次临时股东会 的 法律意见书 地址：上海市长宁区仙霞路 99 号尚嘉中心 22 层、12 层 （200051） Add: 22F&12F, L'Avenue No.99 XianXia Rd, Changning District, Shanghai, PRC 电话 Tel: +86 21 23563298 传真Fax: +86 21 23563299 网址 Website：http://www.guantao.com 邮箱 Email: guantaosh@guantao.com 北 ...

1.召集人：本公司第七届董事会 证券代码：002309 证券简称：中利集团 公告编号：2026-006 江苏中利集团股份有限公司 2026 年第一次临时股东会决议公告 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： 1.本次股东会无否决提案的情形。 2.本次股东会不涉及变更以往股东会通过的决议。 一、会议召开情况 2.表决方式：现场投票、网络投票相结合的方式。 3.会议召开时间： （1）现场会议召开时间：2026 年 3 月 16 日（星期一）下午 14 点 30 分。 （2）网络投票时间：2026 年 3 月 16 日。 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2026 年 3 月 16 日 9:15—9:25,9:30—11:30 和 13:00—15:00；通过深圳证券交易所互联网投票 系统投票的具体时间为：2026 年 3 月 16 日上午 9:15-下午 15:00 期间的任意时 间。 4.现场会议召开地点：江苏省常熟市东南经济开发区常昆路 8 号，江苏中利 集团股份有限公司八楼会议室（一）。 5.会议主持人：许加纳先生。 ...

证券代码：002309 证券简称：中利集团 公告编号：2026-007 江苏中利集团股份有限公司 第七届董事会 2026 年第二次临时会议决议公告 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、会议召开情况 （一）审议通过了《关于增补第七届董事会部分专门委员会成员的议案》。 鉴于公司2026年第一次临时股东会审议通过了《关于提名廖嘉琦先生为公司 第七届董事会非独立董事候选人的议案》，同意选举廖嘉琦先生为公司第七届董 事会董事，任期自公司股东会审议通过之日起至公司第七届董事会届满之日止。 董事会同意增补廖嘉琦先生为第七届董事会提名委员会、风险控制委员会和投资 决策委员会的委员，任期自本次董事会审议通过之日起至公司第七届董事会届满 之日止。 该议案表决情况：9票同意，0票反对，0票弃权。 特此公告。 江苏中利集团股份有限公司董事会 2026 年 3 月 17 日 1 / 1 江苏中利集团股份有限公司（以下简称"公司"）2026 年 3 月 16 日以通讯 方式通知公司第七届董事会成员于 2026 年 3 月 16 日以通讯方式召开第七届董事 会 2026 年 ...

Core Viewpoint - The recent resignation of multiple senior executives at Zhongli Group raises concerns about the company's future direction, although internal sources claim it is part of a normal management reshuffle without underlying issues [3][5]. Group 1: Executive Changes - Three senior executives, including the CEO and CFO, have resigned, with the CEO, Zheng Xiaojie, stepping down from all positions nearly two years ahead of schedule [5]. - The internal source indicates that this executive turnover is due to internal reasons from the controlling shareholder, Jianfa Group, and that further changes at the middle management level are expected [5][6]. Group 2: Financial Performance - Zhongli Group forecasts a significant reduction in losses for 2025, estimating a net loss of 35 million to 60 million yuan, a nearly 97% decrease from the previous year's loss of 1.174 billion yuan [9]. - The company attributes this reduction in losses to improved operational management, cost-cutting measures, and the divestiture of inefficient assets [9][11]. Group 3: Asset Management - Zhongli Group plans to transfer its 100% stake in Qinghai Zhongli Optical Fiber Technology Co., Ltd. for 951,500 yuan, a significant loss compared to the 30 million yuan spent on acquiring a minority stake in 2016 [9]. - The company is actively recruiting for various positions, indicating a potential shift in operational strategy, although the number of hires is limited [9]. Group 4: Market Conditions - The production of photovoltaic panels at Zhongli Group is reportedly stable, with efforts to expand into overseas markets, although domestic production has significantly declined [10]. - The company is currently relying on overseas contract manufacturing, as domestic operations have become less viable due to market conditions [10]. Group 5: Historical Context - Zhongli Group initially gained prominence in the photovoltaic sector through rural solar projects, but changes in policy have turned these assets into liabilities [10][11]. - The company has sold off larger distributed power stations while retaining smaller household solar projects, which include overdue state subsidies [11].