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]

Core Points - GCL-Poly Energy has seen a stock price increase of 5.36% on November 14, reaching 3.34 CNY per share, with a trading volume of 1.839 billion CNY and a turnover rate of 9.84%, resulting in a total market capitalization of 19.54 billion CNY [1] - The stock has risen for five consecutive days, accumulating a total increase of 21.46% during this period [1] Company Overview - GCL-Poly Energy Technology Co., Ltd. is located at No. 28, Xinqing Road, Suzhou Industrial Park, Jiangsu Province, and was established on June 26, 2003, with its listing date on November 18, 2010 [1] - The company's main business involves the research, production, and sales of crystalline silicon solar cells, with revenue composition as follows: 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] Shareholder Information - Among the top ten circulating shareholders of GCL-Poly, a fund under Huatai-PB ranks first [2] - The photovoltaic ETF (515790) reduced its holdings by 1.2635 million shares in the third quarter, now holding 53.2578 million shares, which accounts for 0.91% of the circulating shares [2] - The ETF has generated a floating profit of approximately 9.0538 million CNY today and a total floating profit of 29.8244 million CNY during the five-day increase [2] Fund Manager Performance - The fund manager of the photovoltaic ETF (515790) is Li Qian, with a tenure of 6 years and 12 days, managing a total fund size of 44.052 billion CNY, achieving a best return of 88.03% and a worst return of -18.35% during her tenure [3] - Li Mu Yang, the co-manager, has a tenure of 4 years and 314 days, managing a fund size of 29.856 billion CNY, with a best return of 146.61% and a worst return of -37.05% during his tenure [3]

Core Insights - GCL-Poly Energy has seen a stock price increase of 5.11% on November 13, reaching 3.29 CNY per share, with a trading volume of 1.128 billion CNY and a turnover rate of 6.17%, resulting in a total market capitalization of 19.248 billion CNY. The stock has risen for four consecutive days, accumulating a total increase of 19.92% during this period [1] Company Overview - GCL-Poly Energy Technology Co., Ltd. is located at No. 28, Xinqing Road, Suzhou Industrial Park, Jiangsu Province, and was established on June 26, 2003. The company was listed on November 18, 2010. Its main business involves the research, development, production, and sales of crystalline silicon solar cells [1] - The revenue composition of GCL-Poly 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] Shareholder Insights - Among the top ten circulating shareholders of GCL-Poly, a fund under Huatai-PB Fund ranks prominently. The photovoltaic ETF (515790) reduced its holdings by 1.2635 million shares in the third quarter, retaining 53.2578 million shares, which accounts for 0.91% of the circulating shares. The estimated floating profit today is approximately 8.5212 million CNY, with a total floating profit of 27.694 million CNY during the four-day increase [2] Fund Manager Performance - The fund manager of the photovoltaic ETF (515790) is Li Qian and Li Mu Yang. As of the report, Li Qian has a cumulative tenure of 6 years and 11 days, managing a total fund size of 44.052 billion CNY, with the best fund return during her tenure being 85.78% and the worst being -18.35% [3] - Li Mu Yang has a cumulative tenure of 4 years and 313 days, managing a total fund size of 29.856 billion CNY, with the best fund return during his tenure being 147.63% and the worst being -34.72% [3]

Group 1 - The BC battery concept sector experienced a decline of 2.84%, ranking among the top losers in the concept sector, with notable declines from companies like Longi Green Energy and Aters, while a few companies like GCL-Poly, JinkoSolar, and Zhonglai Co. saw increases of 5.74%, 5.53%, and 4.36% respectively [1][2] - The BC battery concept sector faced a net outflow of 5.205 billion yuan, with 35 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 100 million yuan, led by Longi Green Energy with a net outflow of 1.887 billion yuan [2][3] - The top gainers in terms of net inflow included JinkoSolar, Dongcai Technology, and Dier Laser, with net inflows of 319 million yuan, 4.405 million yuan, and 3.189 million yuan respectively [2][3] Group 2 - The concept sectors with the highest gains included cell immunotherapy at 2.20%, while the BC battery sector was among the largest decliners at -2.84% [2] - Longi Green Energy had a significant drop of 7.35% in stock price, with a turnover rate of 6.89% and a net outflow of 1.887 billion yuan [2][3] - Other companies with notable declines included Tongwei Co. at -6.06%, GCL-Poly at +5.74%, and Trina Solar at -6.43% [2][3]