Core Viewpoint - The company, JA Solar Technology Co., Ltd., is positioned as a leader in the photovoltaic industry, with significant advancements in technology and production capabilities, while the global solar market is experiencing robust growth driven by policy support and technological improvements [15][16][18]. Industry Overview - The global photovoltaic market saw record installations in 2024, with 599 GW added, marking a 35% year-on-year increase, and cumulative capacity exceeding 2 TW [16][17]. - Major photovoltaic markets include China, the United States, and India, which together account for over 75% of the global market share [17]. - The commitment from over 100 nations at COP28 to triple global renewable energy capacity to at least 11.2 TW by 2030 indicates a strong future for the industry [18]. - Emerging markets in Southeast Asia, Latin America, and the Middle East are witnessing significant increases in PV installations due to rising electricity demand [19]. Company Profile - JA Solar has established a comprehensive industrial chain that includes solar silicon rods, wafers, cells, modules, energy storage systems, and the development of photovoltaic power plants [32][35]. - The company has consistently ranked among the world's top photovoltaic module suppliers, achieving a top-three position in 2024 [33]. - JA Solar has been recognized as a Top Performer module supplier for nine consecutive years, highlighting its commitment to product reliability [34]. Financial Performance - In 2024, the company reported a net profit attributable to shareholders of -4.66 billion yuan, a significant decline from the previous year [12]. - Operating revenue for 2024 was approximately 70.12 billion yuan, down from 81.56 billion yuan in 2023 [12]. - The company experienced a substantial increase in operating costs, which reached approximately 66.98 billion yuan in 2024 [12]. Technological Advancements - JA Solar is focused on enhancing photoelectric conversion efficiency and reducing production costs for next-generation solar cell technologies [34]. - The company utilizes advanced crystal pulling technology to produce high-efficiency monocrystalline silicon wafers, which are integral to its solar cell manufacturing [39]. - The introduction of n-type Bycium+ cell technology has led to increased conversion efficiency and reduced production costs [40].

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 关于"晶澳转债"预计触发转股价格修正条件的提示性公告 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： 自 2025 年 6 月 13 日至 2025 年 6 月 26 日，晶澳太阳能科技股份有限公 司（以下简称"公司"）股票已有十个交易日收盘价低于"晶澳转债"当期转股 价格的 85%，若未来二十个交易日内有五个交易日公司股票收盘价格继续低于 当期转股价格的 85%，将可能触发"晶澳转债"的转股价格修正条件。若触发转 股价格修正条件，公司将按照《晶澳太阳能科技股份有限公司向不特定对象发行 可转换公司债券募集说明书》（以下简称《募集说明书》）的约定及时履行审议程 序和信息披露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 经中国证券监督管理委员会《关于同意晶澳太阳能科技股份有限公司向不特 定对象发行可转换公司债券注册的批 ...

JA Solar Technology Co., Ltd. ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2024 TO 31 DECEMBER 2024 IF THERE IS ANY CONFLICT BETWEEN THE CHINESE VERSION AND ITS ENGLISH TRANSLATION, THE CHINESE VERSION WILL PREVAIL KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 ( ...

JA SOLAR SUSTAINABILITY AND ESG REPORT 2024 www.jasolar.com JA SOLAR TECHNOLOGY CO., LTD. ABOUT THIS REPORT Reporting Period Reporting Boundary Report Release References Report Principles Reliability Assurance Report Statement Report Access English content, the Chinese version shall prevail. This is an annual report covering the period from January 1, 2024, to December 31, 2024 (hereinafter referred to as the "reporting period"). To improve the integrity of the Report, some data may exceed the above range ( ...

Core Points - The company, JA Solar Technology Co., Ltd., maintains its credit rating of "AA+" with a stable outlook for both its corporate entity and the "JA Convertible Bonds" [1][2] - The credit rating was reaffirmed by the credit rating agency Dongfang Jincheng International Credit Evaluation Co., Ltd. based on a comprehensive analysis of the company's operational status and the relevant industry [2] Summary by Sections - **Previous Rating**: The previous credit rating for the company was "AA+" with a stable outlook, and the same rating applies to the "JA Convertible Bonds" [1] - **Current Rating**: The current credit rating remains "AA+" for both the company and the convertible bonds, with a stable outlook as of June 26, 2024 [1][2] - **Rating Agency**: The rating was conducted by Dongfang Jincheng, which issued the tracking credit rating report for 2025 [2]

公司前次主体信用等级为"AA+"，评级展望为"稳定"，"晶澳转债"的信 用等级为"AA+"，评级机构为东方金诚，评级日期为 2024 年 6 月 26 日。 晶澳太阳能科技股份有限公司 关于"晶澳转债"跟踪信用评级结果的公告 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。 重要提示： 前次债券评级：公司主体信用等级为"AA+"，评级展望为"稳定"，"晶澳转债"的信 用等级为"AA+"。 本次债券评级：公司主体信用等级为"AA+"，评级展望为"稳定"，"晶澳转债"的信 用等级为"AA+"。 根据中国证券监督管理委员会《公司债券发行与交易管理办法》和深圳证券 交易所《深圳证券交易所公司债券上市规则》的相关规定，晶澳太阳能科技股份 有限公司（以下简称"公司"）委托信用评级机构东方金诚国际信用评估有限公 司（以下简称"东方金诚"）对公司主体及公司向不特定对象发行的可转换公司 债券（以下简称"晶澳转债"）进行了跟踪信用评级。 | | | 评级机构东方金诚在对公司经营状况及相关行业进行综合分析与评估的基 础上，于近期出具了《晶澳太阳能科技股份有限公司主体及"晶澳转债"20 ...

信用等级通知书 东方金诚债跟踪评字【2025】0192 号 晶澳太阳能科技股份有限公司： 东方金诚国际信用评估有限公司根据跟踪评级安排对贵公司及发行 的"晶澳转债"的信用状况进行了跟踪评级，经信用评级委员会评 定，此次跟踪评级维持贵公司主体信用等级为 AA+，评级展望为稳 定，同时维持"晶澳转债"的信用等级为 AA+。 东方金诚国际信用评估有限公司 信评委主任 二〇二五年六月二十日 东方金诚债跟踪评字【2025】0192 号 信用评级报告声明 5.本报告仅为受评对象信用状况的第三方参考意见，并非是对某种决策的结论或建议。东方金 诚不对发行人使用/引用本报告产生的任何后果承担责任，也不对任何投资者的投资行为和投资 损失承担责任。 6.本报告自出具日起生效，在受评债项的存续期内有效。其中主体评级结果有效期自 2025 年 6 月 20 日至 2026 年 6 月 19 日有效，该有效期除终止评级外，不因任何原因调整。在评级结果 有效期内，东方金诚有权作出跟踪评级、变更等级、撤销等级、中止评级、终止评级等决定， 必要时予以公布。 7.本报告的著作权等相关知识产权均归东方金诚所有。除委托评级合同约定外，委托方、受评 ...

Group 1 - The core point of the article is the issuance of convertible bonds by JA Solar Technology Co., Ltd., which aims to raise funds for various projects while providing investors with the option to convert their bonds into shares [1][2][3] Group 2 - The company issued 89,603,077 convertible bonds at a face value of RMB 100 each, raising a total of RMB 8,960,307,700, with net proceeds of RMB 8,935,878,824 after deducting underwriting fees [1][2] - The bonds have a maturity of six years, from July 18, 2023, to July 17, 2029, with an annual interest rate that increases from 0.20% in the first year to 2.00% in the sixth year [1][2][3] - The initial conversion price is set at RMB 38.78 per share, with provisions for adjustments based on various corporate actions [2][3] Group 3 - The funds raised will be used for projects totaling RMB 1,623,421.79 million, with the company planning to cover any shortfall through self-financing [12][17] - The company operates in the solar photovoltaic industry, focusing on the production and sale of solar cells, modules, and energy storage systems, with manufacturing facilities both domestically and internationally [17][18] - In 2024, the company's revenue decreased by 14.02% year-on-year, totaling RMB 7,012,069.70 million, primarily due to intensified market competition and declining product prices [19]

债券简称：晶澳转债 债券代码：127089.SZ 股票简称：晶澳科技 股票代码：002459.SZ 债券受托管理人 晶澳太阳能科技股份有限公司 向不特定对象发行可转换公司债券 （2024年度） 中信证券股份有限公司 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二五年六月 受托管理事务报告 1 声明 中信证券股份有限公司（以下简称"中信证券"）编制本报告的内容及信息均来源 于晶澳太阳能科技股份有限公司（以下简称"晶澳科技""发行人"或"公司"）对外公 布的《晶澳太阳能科技股份有限公司 2024 年年度报告》等相关公开信息披露文件、晶 澳科技提供的证明文件以及第三方中介机构出具的专业意见。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜做 出独立判断，而不应将本报告中的任何内容据以作为中信证券所作的承诺或声明。 本报告中所称"报告期"为 2024 年度。 2 | 声明 | | 2 | | --- | --- | --- | | 目录 | | 3 | | 第一节 | 可转换公司债券概况 | 4 | | 第二节 | 公司债券受托管理人履职情况 | 17 | | 第三节 ...

6月20日，A股三大指数开盘涨跌不一。主要宽基ETF中，截至发稿，A500ETF嘉实（159351）涨 0.31%，盘中成交额突破7亿元，成分股中，多只光伏、锂电股涨幅居前，其中晶澳科技涨超5%，天合 光能、东方日升、大全能源等多股涨超3%。 消息面上，据第一财经从知情人士处获悉，中国光伏行业协会本周召开的会议主题，仍是关于"限产保 价"。知情人士称，光伏三季度将迎来更大力度减产，预计开工比例将环比降低10%-15%左右。 A500ETF嘉实（159351）紧密跟踪新一代标杆指数中证A500指数，该指数优选各行业市值代表性强、 表征行业龙头的500只股票，兼顾大市值的同时均衡覆盖A股各行业核心龙头资产。该ETF配备了场外联 接基金分别为（A：022453、C：022454）。 中银国际认为，A股短期延续蓄势震荡格局。短期市场箱体震荡格局逻辑没有发生本质变化。当前市场 情绪指标处于年内相对高位。短期市场或仍将呈现行业板块快速轮动的震荡格局。市场短期仍需耐心等 待前期政策的加速落地及宏观政策持续加力。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） Wind数据 ...