| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-006 | | --- | --- | --- | | 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 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复》（证监许可〔2023〕1164 号）同意，公 司于 2023 年 7 月 18 日向不特定对象发行可转换公司债券 89,603,077 张，每张面 值人民币 100 元，募集资金总额人民币 8,960,307,700.00 元，扣除发行有关费用 （不含税）后募集资金净额为人民币 8,933,848,025.97 元。中兴财光华会计师事 务所（特殊普通合伙）于 2023 年 7 月 24 日出具了中兴财光华审验字（2023）第 110003 号《验资报告》，对上述募集资金到位情况进行了审验。公司对募集资金 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。 1 重要内容提 ...

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-005 | | --- | --- | --- | | 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 | 1、向资产负债率为70%以上担保对象提供的担保 | | --- | | 序 | 担保方 | 被担保方 | 实际发生日期 | 担保金额 | 担保期 | 担保事由 | | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | （万元） | | | 1 | 1 | 晶澳太阳能科技股份 | 包头晶澳新材料有限公 | 2025/1/1 | 14.25 | 0.87 年期 | 为其融资提 | | --- | --- | --- | --- | --- | --- | --- | | | 有限公司 | 司 | | | | 供担保 | | 2 | 晶澳太阳能科技股份 | 包头晶澳新材料有限公 | 2025/1/1 | 10.13 | 0.87 年期 | 为其融资提 | | | 有限公司 | 司 | | | | 供担保 | | 3 | 晶澳太阳能科技股份 | ...

东方金诚国际信用评估有限公司关于 晶澳太阳能科技股份有限公司 2024 年度业绩预亏的关注公告 1 东方金诚公告【2025】0058 号 邮箱：dfjc@coamc.com.cn 电话：010-62299800 传真：010-62299803 地址：北京市丰台区丽泽金融商务区平安幸福中心 A 座 45、46、47 层 100071 官网：http://www.dfratings.com 特此公告。 东方金诚国际信用评估有限公司 2025 年 2 月 5 日 1 特别声明： 本公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、受评对象等任何使用者未经东方金诚书面授权，不 得用于发行债务融资工具等证券业务活动或其他用途。 本公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/引用本公告产生的任何后果 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。 东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对晶澳太阳能科技股份有限公司 （以下简称"晶澳科技"或"公司"）及其发行的"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" ...

Investment Rating - The investment rating for the company has been downgraded to "Accumulate" [7] Core Views - The company is expected to report a net loss attributable to shareholders of 4.5 to 5.2 billion RMB for 2024, with a significant loss of 4.0 to 4.7 billion RMB in Q4 2024, which is below previous profit expectations of 360 million RMB. This is primarily due to increased asset impairment provisions related to PERC capacity and a decline in shipments to the US market due to trade policies [1][4] - The company's fundamentals have reached a bottom, but there may be a lack of significant catalysts in the short term [4] - The forecast for net profit for 2024-2026 has been adjusted to -5.0 billion, 2.7 billion, and 4.4 billion RMB respectively, down from previous estimates of -1 billion, 4.0 billion, and 5.0 billion RMB [4] Summary by Sections Financial Performance - The company expects a revenue of 73.314 billion RMB in 2024, a decrease of 10.11% from 2023, with a projected revenue increase to 99.018 billion RMB in 2025 and 110.238 billion RMB in 2026 [6] - The net profit attributable to shareholders is forecasted to be -5.023 billion RMB in 2024, with a recovery to 2.670 billion RMB in 2025 and 4.408 billion RMB in 2026 [6] - The earnings per share (EPS) is expected to be -1.52 RMB in 2024, recovering to 0.81 RMB in 2025 and 1.33 RMB in 2026 [6] Market Outlook - The uncertainty surrounding US renewable energy policies may negatively impact the company's expansion and profitability in the US market, which is crucial for its overall profit contribution [2] - The domestic market is expected to recover, supported by increased investment from the State Grid and a favorable environment for distributed photovoltaic projects, which may enhance domestic demand [3] - The company is actively expanding into emerging markets, with significant projects initiated in Oman and orders secured in Africa and the UAE, which are expected to improve overall profitability [3] Valuation - The target price for the company has been set at 14.58 RMB, with a price-to-earnings (PE) ratio of 18 times for 2025, down from a previous estimate of 24 times [4][8] - The company is considered a leading integrated component manufacturer with strong cost control capabilities, which positions it well to benefit from industry recovery [4]

Financial Performance - Net profit attributable to shareholders is expected to be a loss of 4.5 billion to 5.2 billion yuan, compared to a profit of 7.04 billion yuan in the same period last year[2] - Non-GAAP net profit is expected to be a loss of 4.16 billion to 4.86 billion yuan, compared to a profit of 7.14 billion yuan in the same period last year[2] - Basic earnings per share are expected to be a loss of 1.37 to 1.58 yuan per share, compared to a profit of 2.14 yuan per share in the same period last year[2] Market and Competition - The company's battery module shipments increased significantly year-over-year due to expanded market efforts[4] - Intensified competition and significant price declines in key product segments have led to a continuous decline in the company's core business profitability[4] Asset Impairment - The company has conducted impairment tests on long-term assets showing signs of impairment and will make provisions accordingly, significantly impacting performance[4]

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-003 | | --- | --- | --- | | 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 "晶澳转债"2025 年第一次债券持有人会议决议公告 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。 重要提示： 1、根据《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》"）及《晶澳太阳能科技股份有限公司可 转换公司债券持有人会议规则（修订稿）》（以下简称"《持有人会议规则》"）的 规定，债券持有人会议作出的决议，须经出席会议且持有有表决权的、未偿还债 券面值总额二分之一以上债券持有人（或债券持有人代理人）同意，方为有效。 2、债券持有人会议决议自表决通过之日起生效，但其中需经有权机构批准 的内容，经有权机构批准后方能生效。依照有关法律、法规、《募集说明书》和 《持有人会议规则》的规定，经表决通过的债券持有人会议决议对本次可转债全 体债券持有人（包括未参加会议或明示不同意见的债券持有人）具有同等的效 ...

为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 《募集说明书》； 2. 《债券持有人会议规则》； 3. 公司于 2024 年 12 月 20 日刊登于巨潮资讯网、深圳证券交易所网站等 中国证监会指定信息披露媒体的《晶澳太阳能科技股份有限公司第六届 董事会第三十二次会议决议公告》《晶澳太阳能科技股份有限公司第六 届监事会第十八次会议决议公告》； 北京市金杜律师事务所 关于晶澳太阳能科技股份有限公司 "晶澳转债"2025 年第一次债券持有人会议 的法律意见书 致：晶澳太阳能科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受晶澳太阳能科技股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国 澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性 文件和《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》）、《晶澳太阳能科技股份有限公司可转换公 司 ...

N-Type Product Penetration - N-type product penetration rate increased rapidly in 2024, with a quarterly growth of 10%-15% [3] - By the end of 2024, the penetration rate of N-type products exceeded 80% [3] Policy Trends and Industry Development - The China Photovoltaic Industry Association held multiple meetings in the second half of 2024 to implement central policies aimed at preventing "internal competition" and maintaining fair market order [3] - Relevant ministries introduced policies to guide industry quality standards, pricing systems, and financial support, promoting supply-side reform and improving profitability across the industry chain [3] Overseas Market Growth - European market growth slowed in 2024 due to economic recessions in core demand countries like Germany and the Netherlands, affecting electricity prices and demand [3] - Growth in Europe is expected to stabilize in 2025, with growth points being more dispersed and harder to predict [4] - The Latin American market showed impressive growth in 2024, and emerging markets in Asia, Africa, and Latin America are expected to maintain strong growth in 2025 [4] Overseas Capacity Expansion - Apart from the US, other regions have relatively low tariff barriers, making global replication of production easier [4] - Vietnam has seen effective capacity deployment with cost control levels close to those in China [4] - The company plans to build a 6GW high-efficiency solar cell and 3GW high-power solar module project in Oman [4] Photovoltaic Power Station Scale - As of the first half of 2024, the company held approximately 3GW of photovoltaic power stations [4] - The company continues to adopt a "develop, hold, and transfer" model for its photovoltaic power station investments [4]

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-001 | | --- | --- | --- | | 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 2024 年第四季度可转债转股结果暨股份变动公告 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。 重要内容提示： 本季度转股情况：2024 年第四季度，累计有人民币 274,400 元"晶澳转 债"转换为公司股票，累计转股数量为 7,166 股。 累计转股情况：截至 2024 年 12 月 31 日，累计已有人民币 1,022,100 元 "晶澳转债"转换为公司股票，累计转股数 26,354 股，占"晶澳转债"转股前公 司已发行普通股股份总额的 0.0008%。 未转股可转债情况：截至 2024 年 12 月 31 日，尚未转股的"晶澳转债" 金额为人民币 8,959,285,600 元，占"晶澳转债"发行总量的 99.9886%。 根据《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 15 号——可转换公司债券》的有关 ...

北京市金杜律师事务所 关于晶澳太阳能科技股份有限公司 2024 年第三次临时股东大会 之法律意见书 致：晶澳太阳能科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受晶澳太阳能科技股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、《上市公司股东大会规则》 （以下简称《股东大会规则》）、《上市公司章程指引》等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国 澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性 文件和现行有效的公司章程有关规定，指派律师出席了公司于 2024 年 12 月 30 日召开的 2024 年第三次临时股东大会（以下简称本次股东大会），并就本次股 东大会相关事项出具本法律意见书。 本所同意将本法律意见书作为本次股东大会的公告材料，随同其他会议文 件一并报送有关机构并公告。除此以外，未经本所同意，本法律意见书不得为 任何其他人用于任何其他目的。 2 5. 公司于 2024 年 12 月 20 日刊登于巨潮资讯网、深圳证券交易所网站等 中国 ...