西子清洁能源装备制造股份有限公司 信息披露管理制度 第一章 总则 第一条 为加强公司信息披露工作的管理，规范公司的信息披露行为，确保 信息披露的公平性，保护投资者的合法权益，根据《中华人民共和国公司法》、 《中华人民共和国证券法》、《上市公司信息披露管理办法》、《深圳证券交 易所股票上市规则》（以下简称"《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》（以下简称"《规范 运作指引》"）、《深圳证券交易所上市公司自律监管指引第5号——信息披露 事务管理》和《公司章程》的有关规定，特制定本制度。 第二条 本制度所称重大信息是指对公司股票及其衍生品种交易价格可能或 已经产生较大影响的信息，包括下列信息： （一）与公司业绩、利润分配等事项有关的信息，如财务业绩、盈利预测、 利润分配和资本公积金转增股本等； （二）与公司收购兼并、资产重组等事项有关的信息； （三）与公司股票发行、回购、股权激励计划等事项有关的信息； （四）与公司经营事项有关的信息，如开发新产品、新发明，订立未来重 大经营计划，获得专利、政府部门批准，签署重大合同； （五）与公司重大诉讼和仲裁事项有关的信息； ...

浙商证券股份有限公司 关于 西子清洁能源装备制造股份有限公司 可转换公司债券 受托管理事务报告 （2024 年度） | 债券代码 | 债券简称 | | --- | --- | | 127052.SZ | 西子转债 | 债券受托管理人 （注册地址：浙江省杭州市五星路 201 号） 二〇二五年六月 重要声明 浙商证券股份有限公司（以下简称"浙商证券""受托管理人"）根据《中 华人民共和国证券法》《公司债券发行与交易管理办法》《公司债券受托管理人 执业行为准则》等法律法规、自律规则等规范性文件要求，以及受托管理的西 子清洁能源装备制造股份有限公司（以下简称"西子洁能"、"发行人"或"公 司"）存续期可转换公司债券募集说明书、受托管理协议等债券发行信息披露文 件约定要求进行编制。 浙商证券编制本报告的内容及信息均来源于发行人对外公布的《西子清洁 能源装备制造股份有限公司 2024 年年度报告》及相关公开信息披露文件、第三 方中介机构出具的专业意见以及发行人向浙商证券提供的其他材料。 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 关事宜作出独立判断，而不应将本报告中的任何内容据以作为浙商证券所作的 ...

Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, listed on Shenzhen Stock Exchange in 2011, renamed to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in 2022 [2][3] - Main business includes waste heat boilers, clean energy power generation equipment, and comprehensive solutions for energy utilization [2][3] Business Segments - Four main business areas: waste heat boilers, clean energy equipment, solutions, and spare parts & services [3] - Waste heat boilers include gas turbine waste heat boilers, dry quenching waste heat boilers, and others, serving high energy-consuming industries like power, steel, and cement [3] - Clean energy equipment includes waste incineration boilers, biomass boilers, and nuclear power equipment, targeting waste treatment plants and renewable energy projects [3] Future Market Directions - Focus on overseas markets to increase international market share and expand OEM opportunities [4] - Targeting the renewable energy market, particularly molten salt energy storage technology for various applications [4] - Spare parts and retrofit market driven by national policies for equipment upgrades and energy efficiency [4] Nuclear Power Development - Over 20 years of experience in the nuclear power sector with licenses for civil nuclear manufacturing [5][6] - Involved in supplying equipment for nuclear power plants and collaborating on fourth-generation nuclear projects [5][6] Market Value Management - Emphasis on market value management through operational efficiency, cash dividends, employee stock ownership plans, and transparent information disclosure [7] Collaboration with Hep Energy - Ongoing collaboration with Hep Energy in flexible coal-fired power transformation and energy storage technology [8] - Successful implementation of the first steam storage molten salt energy peak-shaving project in China [8] International Expansion - Focus on Southeast Asia, South America, and countries along the Belt and Road Initiative for overseas market development [9][10] - Increasing competitiveness of products in international markets, contributing significantly to company performance [10] Solar Thermal Projects - Early involvement in solar thermal power technology, participating in key demonstration projects [10] - The Qinghai Delingha 50MW project is notable for being the first commercial molten salt solar thermal power station in China [10] Data Center Market - Actively exploring opportunities in the domestic and international data center market [10] - Providing solutions for energy management and waste heat recovery in data centers [10]

Group 1: Company Overview - The company was established in 1955 and became part of the Xizi Elevator Group in 2002, listed on the Shenzhen Stock Exchange in 2011, and renamed to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in 2022 [2][3] - The main business includes the consulting, R&D, production, sales, installation, and engineering contracting of waste heat boilers and clean energy power generation equipment [2][3] Group 2: Business Segments - The company operates in four main business segments: waste heat boilers, clean energy equipment, solutions, and spare parts & services [3] - Waste heat boilers include products like gas turbine waste heat boilers and cement kiln waste heat boilers, serving high-energy-consuming industries such as power, steel, and building materials [3] Group 3: Future Market Directions - Focus on overseas markets to increase international market share and expand OEM markets [4] - Targeting the new energy market, leveraging molten salt storage technology for applications in solar thermal power, user-side energy storage, and zero-carbon parks [4] - Attention to spare parts and renovation markets due to government policies promoting equipment upgrades [4] Group 4: Order Status - In Q1 2025, the company secured new orders totaling CNY 1.57 billion, with waste heat boilers accounting for CNY 491 million, clean energy equipment for CNY 105 million, solutions for CNY 844 million, and spare parts & services for CNY 130 million [5] - As of March 31, 2025, the total orders on hand reached CNY 6.527 billion [5] Group 5: Overseas Market Development - The overseas market focus includes Southeast Asia, South America, and countries along the Belt and Road Initiative [6] - The company is increasing its overseas presence and enhancing product competitiveness in international markets [6] Group 6: Competitors - Major competitors in the overseas market include domestic companies such as Huaguang Huaneng and Hualu Heavy Industry, with the company holding a leading position in the waste heat boiler segment [7] Group 7: Nuclear Power Development - The company has over 20 years of experience in the nuclear power sector and holds manufacturing licenses for civil nuclear equipment [8] - Collaborations with Tsinghua University and China General Nuclear Power Group to explore clean heating and molten salt storage applications in nuclear power [8] Group 8: Flexibility Renovation Projects - The company is involved in a significant project for the Hebei Longshan 600MW thermal power unit, which utilizes molten salt storage technology for flexible peak-shaving [9][10] - The project aims to enhance load reduction and peak capacity, achieving a minimum load of 51 MW and a peak output increase of 47 MW [10] Group 9: Profit Margins - In 2024, the gross margins for various products were: waste heat boilers at 17.87%, clean energy equipment at 23.13%, solutions at 12.41%, and spare parts & services at 26.5% [10] - The company aims to improve order quality and gross margin levels while maintaining its market share in traditional boiler business [10]

Core Viewpoint - The announcement details the achievement of unlocking conditions for the second phase of the employee stock ownership plan of Xizi Clean Energy Equipment Manufacturing Co., Ltd., with 191 out of 213 holders meeting the criteria for unlocking their shares [1][4]. Group 1: Employee Stock Ownership Plan Overview - The second lock-up period of the employee stock ownership plan will end on June 1, 2025, with the unlocking conditions based on company performance and individual assessments [1][4]. - The plan was approved through a series of meetings, including the board meeting on April 27, 2023, and the shareholder meeting on May 15, 2023 [2][3]. Group 2: Performance Metrics - The company achieved a net profit of 439,787,631.55 yuan for 2024, representing a 125.39% increase compared to 2022, thus meeting the performance targets for the second unlocking phase [4][5]. - The unlocking ratio for the company-level performance was set at 100%, while individual performance assessments allowed 191 holders to unlock their shares fully [4][5]. Group 3: Future Arrangements and Trading Restrictions - Following the completion of the second lock-up period, the management committee will handle the subsequent unlocking and distribution of shares, adhering to market regulations [4][5]. - The employee stock ownership plan will comply with trading restrictions, prohibiting stock transactions during specific periods, such as before the announcement of semi-annual reports [4][5].

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－062 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于 2023 年员工持股计划第二个解锁期解锁条件成就的公告 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。 西子清洁能源装备制造股份有限公司（以下简称"公司"）2023 年员工持股 计划（以下简称"本员工持股计划"）第二个锁定期于 2025 年 6 月 1 日届满， 根据 2024 年度公司层面业绩完成情况及持有人个人层面绩效考核情况，除 3 名 持有人因个人绩效考核未达标、19 名持有人因离职不符合解锁条件外，其他 191 名持有人对应锁定期的解锁条件均已成就。根据《关于上市公司实施员工持股计 划试点的指导意见》《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》及公司《2023 年员工持股计划（草案）》等相关规定，现将相 关情况公告如下： 一、本员工持股计划已履行的决策程序和信息披露情况 （一）公司于 2023 年 4 ...

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－061 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于回购股份的进展公告 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。 一、回购公司股份方案简介 西子清洁能源装备制造股份有限公司（以下简称"公司"或"西子洁能"） 于 2024 年 10 月 9 日召开第六届董事会第十五次临时会议，于 2024 年 10 月 25 日召开 2024 年第四次临时股东大会，审议通过了《关于回购公司股份的议 案》，同意使用自有/自筹资金不低于人民币 5,000 万元（含）且不超过 10,000 万元（含），通过集中竞价交易方式以不超过 14.5 元/股（含）的价格回购部分公 司发行的人民币普通股（A 股）股份，回购的股份将用于注销以减少注册资本（以 下简称"本次回购"）。本次回购的期限为自股东大会审议通过之日起 12 个月内。 具体内容详见公司于 2024 年 10 月 10 日、2024 年 10 月 26 日在 ...

Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, listed on Shenzhen Stock Exchange in 2011, renamed to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in 2022 [2] - Main business includes waste heat boilers, clean energy power generation equipment, and overall solutions for environmental protection and energy utilization [2][3] Business Segments - Four main business areas: - Waste heat boilers (e.g., gas turbine waste heat boilers, dry quenching waste heat boilers) [3] - Clean energy equipment (e.g., waste incineration boilers, biomass boilers) [3] - Solutions (e.g., molten salt energy storage, heat exchangers) [3] - Spare parts and services (e.g., technical services, project renovation) [3] Strategic Development Directions - Focus on overseas markets to increase international market share of key products [4] - Expand in the renewable energy market leveraging molten salt storage technology for various applications [4] - Target spare parts and renovation market following national policies for equipment upgrades [4] Performance Metrics - In Q1 2025, the company secured new orders totaling CNY 1.57 billion, with breakdowns as follows: - Waste heat boilers: CNY 491 million - Clean energy equipment: CNY 105 million - Solutions: CNY 844 million - Spare parts and services: CNY 130 million [5] - As of March 31, 2025, total orders on hand reached CNY 6.527 billion [5] - Q1 2025 revenue was CNY 1.213 billion, a 5.32% increase year-on-year; net profit was CNY 47 million, a 217.11% increase year-on-year [6] International Market Focus - Key overseas markets include Southeast Asia, South America, Africa, and countries along the Belt and Road Initiative [7] - The company is enhancing its product competitiveness in international markets [7] Competitors - Major competitors in the overseas market include domestic companies such as Huaguang Huaneng, Hailu Heavy Industry, and Huaxi Energy [8] Project Highlights - The company is involved in a significant project for flexible transformation in thermal power, utilizing molten salt storage technology [9] - The project enhances load adjustment capabilities and efficiency, with performance metrics indicating a 1.5 times improvement in frequency modulation capability [9] Downstream Clients - Main downstream clients include high energy-consuming industries such as steel, building materials, petrochemicals, and cement [10] Nuclear Power Development - The company has extensive experience in the nuclear power sector, holding manufacturing licenses and participating in equipment supply for nuclear power plants [10]

Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, and listed on the Shenzhen Stock Exchange in 2011 as Xizi Clean Energy Equipment Manufacturing Co., Ltd. [2] - Main business includes waste heat boilers, clean energy power generation equipment, and comprehensive solutions for energy utilization [2][3] Business Segments - Four main business areas: - Waste heat boilers (including gas turbine waste heat boilers, dry quenching waste heat boilers, etc.) [2] - Clean energy equipment (including waste incineration boilers, biomass boilers, etc.) [3] - Solutions (including molten salt energy storage, heat exchangers, etc.) [3] - Spare parts and services (including technical services and project renovation) [3] Key Projects - The "Steam Extraction Energy Storage" molten salt thermal peak-shaving technology demonstration project at Guoneng Hebei Longshan 600MW thermal power unit began trial operation on December 28, 2024 [4] - Performance indicators include: - Load reduction capability down to 51 MW (8.5% Pe) for at least 4 hours [4] - Peak output increase of 47 MW for at least 6 hours [4] - Internal heat exchange efficiency of the molten salt system not less than 98% [4] - Frequency modulation capability improved by 1.5 times [4] Strategic Development Directions - Three main strategic directions: - Overseas market expansion, particularly in Southeast Asia, South America, Africa, and Belt and Road countries [5][7] - New energy market, focusing on molten salt energy storage applications [5][6] - Spare parts and renovation market, leveraging government policies for equipment upgrades [6] Order and Financial Performance - In Q1 2025, the company secured new orders totaling 1.57 billion CNY, with breakdowns as follows: - Waste heat boilers: 491 million CNY - Clean energy equipment: 105 million CNY - Solutions: 844 million CNY - Spare parts and services: 130 million CNY [8] - As of March 31, 2025, total orders on hand reached 6.527 billion CNY [8] Competitive Position - Leading position in the waste heat boiler sector, competing with major domestic boiler manufacturers [9] - The company is recognized as one of the largest and most comprehensive research, development, design, and manufacturing bases for waste heat boilers in China [11] Recent Financial Results - In 2024, the company reported a net profit of 440 million CNY, a year-on-year increase of 705.74% [10] - In Q1 2025, revenue reached 1.213 billion CNY, a 5.32% increase year-on-year, with a net profit of 47 million CNY, up 217.11% [10]

证券代码：002534 证券简称：西子洁能 编号：2025－060 债券代码：127052 债券简称：西子转债 西子清洁能源装备制造股份有限公司 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》《上市公司 证券发行注册管理办法》和《深圳证券交易所股票上市规则》的相关规定，西子 清洁能源装备制造股份有限公司（以下简称"公司"）委托信用评级机构上海新 世纪资信评估投资服务有限公司（以下简称"新世纪评级"）对公司 2021 年公 开发行的可转换公司债券（以下简称"西子转债"）进行了跟踪评级。 公司前次主体信用评级结果为"AA"，评级展望为"稳定"；"西子转债" 前次债项信用评级结果为"AA"，评级机构为新世纪评级，评级时间为 2024 年 5 月 29 日。 新世纪评级在对公司运营环境、经营与竞争、财务分析等方面进行综合分析 和评估的基础上，于 2025 年 5 月 29 日出具了《西子清洁能源装备制造股份有限 公司西子转债定期跟踪评级报告》，维持公司主体信用等级为 AA，评级展望为 稳定，维持"西子转债"信用等级为 AA。 新世纪评级出具的《西子清洁能源装备制造股份有限公司西子转债定期跟踪 评级报告》具体 ...