Group 1 - The core point of the article is that GCL-Poly Energy Holdings Limited (协鑫集成) held its 19th meeting of the 6th board of directors on November 21, 2025, where it reviewed proposals including the cancellation of a subsidiary and related transactions [1] - For the first half of 2025, GCL-Poly's revenue composition is entirely from the solar energy industry, accounting for 100.0% [1] - As of the time of reporting, GCL-Poly's market capitalization stands at 14.9 billion yuan [1]

证券代码：002506 证券简称：协鑫集成 公告编号：2025-074 协鑫集成科技股份有限公司 关于注销参股公司暨关联交易的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、关联交易概述 为应对行业结构性调整挑战，聚焦资源提升公司抗风险能力，协鑫集成科技 股份有限公司（以下简称"协鑫集成"或"公司"）全资子公司协鑫集成科技（苏 州）有限公司（以下简称"苏州集成"）与徐州日晟低碳产业投资合伙企业(有限 合伙)（以下简称"日晟产投"）共同协商，一致同意注销参股公司徐州鑫曜新能 源科技有限公司（以下简称"徐州鑫曜"），其中苏州集成持有徐州鑫曜 48.28%股 权，认缴出资人民币 80,000 万元，苏州集成已实缴出资人民币 67,600 万元。 鉴于日晟产投其中一位有限合伙人徐州协鑫低碳产业投资合伙企业（有限合 伙）（以下简称"协鑫低碳"）系公司关联方协鑫科技控股有限公司（股票代码： HK.03800）的附属公司，故协鑫低碳为公司关联方。基于谨慎性原则，本次注销 徐州鑫曜事项构成关联交易，但不构成《上市公司重大资产重组管理办法》规定 的重大资产重组。 公司 ...

证券代码：002506 证券简称：协鑫集成 公告编号：2025-075 协鑫集成科技股份有限公司 关于召开 2025 年第五次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第五次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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 1 号——主板上市公司规范运作》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）截至 2025 年 12 月 03 日下午收市时在中国证券登记结算有限责任公司深圳分公 司登记在册的本公司全体股东。上述本公司全体股东均有权出席股东会，并可以以书面形 式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 （2）本公司董事、监事和高级管理人员。 （3）公司聘请的见证律师。 8、会议地点：江苏省苏州市工业园区新庆路 28 号会议室（协鑫能源中心） 二、会议审议事项 1、本次股东会提案编码表 | 提案编码 | 提 ...

一、会议以 4 票同意、0 票反对、0 票弃权的表决结果，审议通过《关于注 销参股公司暨关联交易的议案》，关联董事朱共山先生、朱钰峰先生、孙玮女士、 蒋卫朋先生、马君健先生已回避表决，本议案尚需提交公司股东会审议； 公司独立董事已就本议案召开了专门会议并发表了审核意见。具体内容详见 刊载在公司指定信息披露媒体《证券时报》《中国证券报》《上海证券报》《证券日 报》及巨潮资讯网（http://www.cninfo.com.cn）上的相关公告。 证券代码：002506 证券简称：协鑫集成 公告编号：2025-073 协鑫集成科技股份有限公司 第六届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 协鑫集成科技股份有限公司（以下简称"公司"）第六届董事会第十九次会议 于 2025 年 11 月 13 日以电子邮件及电话方式通知全体董事，并于 2025 年 11 月 21 日以现场与通讯相结合的方式在公司会议室召开。本次会议应出席董事 9 名， 实际出席董事 9 名。会议由董事长主持，会议召开和表决程序符合《中华人民共 和国公司法》等法律、法规 ...

Core Viewpoint - GCL-Poly Energy Holdings Limited (002506.SZ) provides a comprehensive range of products and services in the renewable energy sector, focusing on high-efficiency solar cells, large-sized photovoltaic modules, and energy storage systems, while not engaging in polysilicon products [1] Group 1 - The company offers integrated solutions for smart energy storage, which include product design, customization, production, installation, and sales related to green energy projects [1]

Core Viewpoint - The company clarified that it does not involve any silicone products in its offerings, focusing instead on high-efficiency batteries, large-sized photovoltaic modules, and energy storage systems [1] Group 1: Product Offerings - The company's products include high-efficiency batteries, large-sized photovoltaic modules, and energy storage systems [1] - The company provides integrated solutions for smart energy storage, which encompass product design, customization, production, installation, and sales related to green energy projects [1] - The company explicitly stated that it does not deal with silicone products [1]

Group 1 - GCL-Poly Energy Holdings Limited's stock price has dropped 5.04% to 2.64 CNY per share, with a trading volume of 319 million CNY and a turnover rate of 2.04%, resulting in a total market capitalization of 15.445 billion CNY [1] - The stock has experienced a continuous decline for four consecutive days, with a cumulative drop of 13.66% during this period [1] - GCL-Poly Energy was established on June 26, 2003, and listed on November 18, 2010, primarily engaged in the research, production, and sales of crystalline silicon solar cells [1] Group 2 - The main revenue composition of GCL-Poly Energy includes 92.38% from modules, 4.61% from system integration packages, 2.27% from battery cells, 0.45% from other sources, and 0.29% from power generation [1] - The top circulating shareholder data indicates that Huatai-PB Fund holds a position in GCL-Poly Energy, with the photovoltaic ETF (515790) reducing its holdings by 1.2635 million shares in the third quarter, now holding 53.2578 million shares, representing 0.91% of circulating shares [2] - The estimated floating loss for the ETF today is approximately 7.4561 million CNY, with a total floating loss of 23.4334 million CNY during the four-day decline [2] Group 3 - The photovoltaic ETF (515790) was established on December 7, 2020, with a current size of 13.976 billion CNY, yielding a return of 29.61% year-to-date, ranking 1485 out of 4208 in its category [2] - Over the past year, the ETF has achieved a return of 15.34%, ranking 2703 out of 3972 in its category, while it has incurred a loss of 1.74% since inception [2]

Core Points - GCL-Poly Energy Holdings Limited's stock dropped by 5.05%, trading at 2.82 CNY per share with a total market capitalization of 16.498 billion CNY as of the report date [1] - The company, established on June 26, 2003, specializes in the research, production, and sales of crystalline silicon solar cells, with its main revenue sources being solar modules (92.38%), system integration packages (4.61%), solar cells (2.27%), and other sources (0.45%) [1] Shareholder Insights - Among the top ten circulating shareholders of GCL-Poly, a fund under Huatai-PB ranked first. The photovoltaic ETF (515790) reduced its holdings by 1.2635 million shares in the third quarter, now holding 53.2578 million shares, which is 0.91% of the circulating shares. The estimated floating loss today is approximately 7.9887 million CNY [2] - The photovoltaic ETF (515790) was established on December 7, 2020, with a current scale of 13.976 billion CNY. Year-to-date returns are 32.42%, ranking 1368 out of 4208 in its category, while the one-year return is 20.43%, ranking 2307 out of 3956 [2] Fund Management - The fund managers of the photovoltaic ETF (515790) are Li Qian and Li Mu Yang. As of the report date, Li Qian has been in position for 6 years and 17 days, managing assets totaling 44.052 billion CNY, with the best fund return during her tenure being 84.41% and the worst being -18.35% [3] - Li Mu Yang has been in position for 4 years and 319 days, managing assets of 29.768 billion CNY, with the best fund return during his tenure being 141.63% and the worst being -37.33% [3]

Group 1 - GCL-Poly Energy Holdings Limited's stock price dropped by 5.1%, reaching 2.98 CNY per share, with a trading volume of 858 million CNY and a turnover rate of 4.83%, resulting in a total market capitalization of 17.434 billion CNY [1] - GCL-Poly Energy was established on June 26, 2003, and listed on November 18, 2010. The company specializes in the research, production, and sales of crystalline silicon solar cells, with its main revenue sources being 92.38% from modules, 4.61% from system integration packages, 2.27% from battery cells, 0.45% from other sources, and 0.29% from power generation [1] Group 2 - The top circulating shareholder of GCL-Poly Energy includes a fund under Huatai-PB Fund Management, which reduced its holdings by 1.2635 million shares in the third quarter, now holding 53.2578 million shares, accounting for 0.91% of circulating shares. The estimated floating loss today is approximately 8.5212 million CNY [2] - The GCL-Poly Energy ETF (515790) was established on December 7, 2020, with a current size of 13.976 billion CNY. Year-to-date returns are 35.87%, ranking 1223 out of 4212 in its category, while the one-year return is 21.05%, ranking 2242 out of 3956. Since inception, the return is 3% [2] Group 3 - The fund managers of the GCL-Poly Energy ETF are Li Qian and Li Mu Yang. As of the report, Li Qian has been in position for 6 years and 16 days, managing assets totaling 44.052 billion CNY, with the best fund return during her tenure being 85.13% and the worst being -18.35%. Li Mu Yang has been in position for 4 years and 318 days, managing assets of 29.768 billion CNY, with the best return of 135.08% and the worst of -36.56% [3]

Core Insights - On November 17, GCL-Poly Energy Holdings Limited experienced a 2.48% decline in stock price with a trading volume of 1.733 billion yuan [1] - The company reported a net financing purchase of approximately 91.4 million yuan on the same day, with a total financing and securities balance of 962 million yuan [1][2] - For the first nine months of 2025, GCL-Poly's revenue was 11.693 billion yuan, a year-on-year decrease of 2.48%, and the net profit attributable to shareholders was -555 million yuan, a significant decline of 777.78% [2] Financing and Securities - On November 17, GCL-Poly had a financing purchase of 237 million yuan, with a current financing balance of 959 million yuan, representing 5.22% of the circulating market value [1] - The financing balance is above the 70th percentile of the past year, indicating a high level of financing activity [1] - The company repaid 425,800 shares in securities lending and sold 341,500 shares, with a total selling amount of approximately 1.0723 million yuan [1] Shareholder Information - As of September 30, 2025, GCL-Poly had 206,200 shareholders, a decrease of 7.60% from the previous period, while the average circulating shares per person increased by 8.22% to 28,345 shares [2] - The company has cumulatively distributed 158 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the ninth largest shareholder with 54.4583 million shares, while the photovoltaic ETF (515790) is the tenth largest with 53.2578 million shares, a decrease of 1.2635 million shares from the previous period [3]