Core Viewpoint - The A-share market's energy storage concept stocks have collectively strengthened, indicating a positive outlook for the energy storage industry driven by ongoing global energy transition trends and strong demand in various markets [1]. Industry Summary - The energy storage sector is expected to maintain high demand through 2026 due to several factors: 1. Continuous global energy transition trends necessitating grid and energy storage construction as the share of wind and solar installations increases, alongside the anticipated rise in AI-related energy storage projects [1]. 2. Significant tendering and planned projects in major markets including China, the U.S., and Europe, as well as emerging demand in the Middle East, India, Australia, and Chile [1]. 3. Strong demand for household and industrial energy storage solutions, with persistent electricity shortages in emerging markets [1]. Company Performance - Notable stock performances in the energy storage sector include: - Nandu Power (南都电源) increased by 12.18%, with a market cap of 17 billion and a year-to-date increase of 17.53% [2]. - Shenghui Technology (昇辉科技) rose by 10.67%, with a market cap of 4.179 billion and a year-to-date increase of 21.39% [2]. - China Tianying (中国天楹) saw a 10.09% increase, with a market cap of 14.6 billion and a year-to-date increase of 26.33% [2]. - Other companies such as Hancable (汉缆股份), Jinchuan Group (今创集团), and Goldwind Technology (金风科技) also experienced significant gains, with increases ranging from approximately 5% to nearly 10% [2].

Core Viewpoint - Jiangsu Zhongli Group Co., Ltd. announced the progress of a lawsuit involving its wholly-owned subsidiary, Suzhou Tenghui Photovoltaic Technology Co., Ltd., which resulted in a favorable judgment for the company [1][4]. Group 1: Lawsuit Details - The lawsuit was initiated by Hunan Haohui Solar Power Co., Ltd. against Suzhou Tenghui regarding a contract dispute [1]. - The Hanzhou County People's Court conducted a public hearing and ruled to dismiss all claims made by the plaintiff [2]. Group 2: Financial Implications - The court ordered the plaintiff to bear the case acceptance fee of 116,390.6 yuan [3]. - The judgment is a first-instance ruling, meaning Suzhou Tenghui is not liable for any responsibilities; however, parties have the right to appeal within a specified timeframe [4].

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：002309 证券简称：中利集团 公告编号：2025-096 江苏中利集团股份有限公司 关于子公司苏州腾晖诉讼事项的进展公告 2.案件受理费 116,390.6 元，由原告负担。 二、本次诉讼对公司的影响 近日，江苏中利集团股份有限公司（以下简称"公司"）全资子公司苏州腾 晖光伏技术有限公司（以下简称"苏州腾晖"）收到湖南省汉寿县人民法院（以 下简称"汉寿县人民法院"）送达的《民事判决书》【（2025）湘 0722 民初 1884 号】，现将相关情况公告如下： 一、本次诉讼相关情况 （一）诉讼各方当事人及基本情况 原告：汉寿昊晖太阳能发电有限公司 被告：苏州腾晖光伏技术有限公司 原告与被告涉及合同纠纷（参见 2025 年半年报"重大诉讼事项"之内容） 在汉寿县人民法院立案，后依法适用普通程序公开开庭进行了审理。 （二）诉讼进展情况 汉寿县人民法院经审理后判决如下： 1.驳回原告的全部诉讼请求。 本次诉讼判决为一审判决，苏州腾晖无需承担任何责任；各方当事人有权在 规定期限内提起上诉,本案件最终判决结果对公 ...

Group 1 - The company, Zhongli Group (002309), announced on November 26 that it has no overdue external guarantees and no other external guarantees involving litigation or losses due to guarantee judgments [1]

Core Viewpoint - The company has announced its decision to engage in foreign exchange hedging activities to mitigate risks associated with currency fluctuations, specifically in relation to its overseas business operations [1]. Group 1: Foreign Exchange Hedging - The company and its subsidiaries will conduct foreign exchange hedging activities to avoid adverse impacts from significant currency fluctuations [1]. - The total amount for foreign exchange hedging activities planned for 2026 will not exceed 1 billion RMB or its equivalent in foreign currency at any given time [1]. - The approved hedging activities will be conducted through banks and financial institutions that have the necessary qualifications and regulatory approvals [1]. Group 2: Corporate Governance - The proposal for the foreign exchange hedging activities was approved during the fifth temporary meeting of the company's seventh board of directors [1]. - The proposal is subject to further review and approval by the company's shareholders [1].

Core Viewpoint - Zhongli Group announced the approval of a proposal to conduct commodity derivatives trading for the year 2026, with a margin limit of up to 500 million RMB [1] Group 1 - The seventh board of Zhongli Group held its fifth temporary meeting for 2025 on November 26, where the proposal was reviewed and approved [1] - The margin for commodity derivatives trading is set at a maximum of 500 million RMB, which can be used in a rolling manner within the approval period [1]

Core Viewpoint - Jiangsu Zhongli Group plans to conduct foreign exchange hedging business with a maximum scale of 1 billion RMB or equivalent foreign currency to mitigate risks from exchange rate fluctuations in overseas operations [1][2]. Business Background and Operational Framework - The company’s overseas business involves foreign currency settlements such as USD and EUR, with increasing exchange rate volatility potentially impacting operational stability [2]. - The hedging strategy focuses on "locking in exchange rates and avoiding risks," with no speculative trading involved, ensuring that all operations are based on actual business needs [2]. - Transactions will be conducted through approved financial institutions, utilizing tools such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and interest rate swaps [2]. - The funding for this business will come entirely from the company’s own foreign currency funds, with no reliance on raised funds or bank credit [2]. Risk Control System - The company acknowledges two core risks associated with the hedging business: significant exchange rate fluctuations and customer default risks [3]. - A three-tier risk control mechanism has been established, including: 1. Institutional safeguards with a defined management system for foreign exchange hedging [3]. 2. An organizational structure with a foreign exchange management team led by the general manager [3]. 3. Strict control of hedging limits within the forecasted export volume, requiring approval for all transactions [3]. Market Impact Analysis - Financial experts suggest that the proposed 1 billion RMB foreign exchange hedging plan will help the company lock in future cash flows and reduce the impact of exchange rate fluctuations on profit margins [3]. - The company will comply with accounting standards to ensure transparency and compliance in reporting related to the hedging activities [3]. - The proposal is subject to approval at the upcoming shareholders' meeting, expected to conclude decision-making processes by the end of 2025 [3].

Group 1 - The company, Zhongli Group, held its fifth temporary board meeting for 2025 on November 26, 2025, to discuss the proposal for the fourth temporary shareholders' meeting of 2025 [1] - For the first half of 2025, Zhongli Group's revenue composition was as follows: cable industry accounted for 85.29%, photovoltaic industry for 10.78%, and other industries for 3.93% [1] - As of the report date, Zhongli Group's market capitalization was 9.6 billion yuan [1]

一、日常关联交易基本情况 （一）日常关联交易概述 证券代码：002309 证券简称：中利集团 公告编号：2025-090 江苏中利集团股份有限公司（以下简称"公司"）及其全资、控股子公司 2025 年 1-9 月与关联方实际发生的各类日常关联交易总额为 15,890.24 万元。 2026 年度，公司及其全资、控股子公司拟与关联方厦门建发股份有限公司 （以下简称"建发股份"）及/或其下属子公司及/或其关联企业发生日常关联交 易总金额预计不超过 30 亿元。 江苏中利集团股份有限公司 关于 2026 年度预计日常关联交易的公告 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。 公司于 2025 年 11 月 26 日召开第七届董事会 2025 年第五次临时会议，审议 通过了《关于 2026 年度预计日常关联交易的议案》。董事会对本议案进行表决时， 基于审慎性原则，董事许加纳先生、黄昶先生、林茂先生、阎杰先生、郑晓洁女 士均回避表决。独立董事专门会议审议通过了该议案。该议案尚需提交公司股东 会审议，关联股东需对该议案回避表决。 （二）预计 2026 年度日常关联交易 ...

证券代码：002309 证券简称：中利集团 公告编号：2025-094 江苏中利集团股份有限公司 关于使用闲置自有资金进行现金管理的公告 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。 重要内容提示： 1.投资品种：流动性高、安全性高的理财产品（含银行结构性存款）。 2.投资额度：单日最高余额不超过 10 亿，在上述额度内，资金可以滚动使 用。 一、使用闲置自有资金进行现金管理概述 江苏中利集团股份有限公司（以下简称"公司"）第七届董事会 2025 年第 五次临时会议审议通过了《关于使用闲置自有资金进行现金管理的议案》。公司 及子公司在不影响正常经营及确保资金安全的情况下，拟使用不超过 10 亿元的 闲置自有资金进行现金管理，用于投资流动性高、安全性高的理财产品。该议案 尚需提交公司股东会审议。使用期限为 2026 年 1 月 1 日至 12 月 31 日，在前述 额度和期限范围内可循环滚动使用，期限内任一时点的交易金额（含前述投资的 收益进行再投资的相关金额）不超过投资额度。 （一）投资目的 在确保不影响正常经营和资金安全的情况下，提高货币资金的使用效益。 ...