| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－080 | | --- | --- | --- | | 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 2025 年半年度募集资金存放与实际使用情况的专项报 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。 根据深圳证券交易所印发的《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》及相关格式指引的规定，西子清洁能源装备制造 股份有限公司（以下简称"公司"）将 2025 年半年度募集资金存放与使用情况专 项说明如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准杭州锅炉集团股份有限公司公开发行 可转换公司债券的批复》（证监许可[2021]3768 号）核准，公司于 2021 年 12 月 24 日公开发行可转换公司债券 111,000 万元，期限 6 年。实际发行可转换公司债 券 1110 万张，每张面值 100 元。募集资金总额为人民币 111,000 万元，扣除承销 及保荐费、律师费用、会计师费用、评级机 ...

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－079 | | --- | --- | --- | | 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 第六届监事会第六次会议决议公告 本公司及监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"）第六届监事会第 六次会议通知于 2025 年 8 月 12 日以邮件、专人送达等形式发出，会议于 2025 年 8 月 22 日在浙江省杭州市上城区大农港路 1216 号西子清洁能源装备制造股份 有限公司会议室召开，应参加表决监事 3 人，实际参加表决监事 3 人，符合《公 司法》《公司章程》等的有关规定。会议由监事长李俊先生召集、主持，经监事 审议、现场表决，形成如下决议： 详细内容见刊登在 2025 年 8 月 26 日《证券时报》《中国证券报》《证券日报》 和公司指定信息披露网站巨潮资讯网 http://www.cninfo.com.cn 上的《关于 2025 年半年度募集资金存放与实际使用情况的专项报告》。 ...

西子清洁能源装备制造股份有限公司（以下简称"公司"）第六届董事会第 六次会议通知于 2025 年 8 月 12 日以邮件、专人送达等形式发出，会议于 2025 年 8 月 22 日以现场及通讯表决方式召开，应参加表决董事 9 人，实际参加表决 董事 9 人，其中董事长王克飞先生因在外出差以通讯方式表决，符合《公司法》 《公司章程》等的有关规定。会议由公司董事长王克飞先生召集，副董事长 Chang Ian H(张仁爀)先生主持，经全体董事表决形成如下决议： | 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－078 | | --- | --- | --- | | 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 第六届董事会第六次会议决议公告 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。 表决结果：同意：9 票；反对：0 票；弃权：0 票。 一、《2025 年半年度报告及摘要》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 《 2025 年 半 年 度 报 告全 文 》 见公 司 指 定信 息 ...

二〇二五年八月二十六日 2025 年半年度报告 西子清洁能源装备制造股份有限公司 2025 年半年度报告全文 西子清洁能源装备制造股份有限公司 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人王克飞、主管会计工作负责人胡世华及会计机构负责人(会计主 管人员)胡世华声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 1 西子清洁能源装备制造股份有限公司 2025 年半年度报告全文 公司存在原材料价格及利率汇率波动、应收账款信用损失、市场竞争订单 下滑、投资项目不及预期、技术迭代升级等风险因素，敬请广大投资者注意风 险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | œ | | --- | --- | --- | | | 1 | 4 | | . | | | | | | . | | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主 ...

Core Viewpoint - Solid Oxide Fuel Cell (SOFC) technology is emerging as a key player in distributed energy and industrial waste heat recovery, with companies like Xizi Clean Energy making strategic investments in this area [1][2]. Group 1: Company Strategy - Xizi Clean Energy has invested in Zhejiang Zhentai Energy Technology Co., Ltd. to explore high-efficiency energy conversion technologies, positioning itself in the SOFC market [1][3]. - The investment in Zhentai Energy aligns with Xizi Clean Energy's "zero-carbon park" strategy, enhancing its renewable energy ecosystem [3][5]. Group 2: Market Performance - Bloom Energy, a leader in the SOFC industry, has seen its stock price double this year, surpassing $46, driven by favorable market conditions and policy support [1][2]. - The company's Q2 FY2025 results showed a revenue of $400 million, a 20% year-on-year increase, with a gross margin of 28.2%, up 6.5 percentage points [2]. Group 3: Technological Advantages - SOFC technology boasts high efficiency (over 60% power generation efficiency) and broad fuel adaptability, making it suitable for various applications [2][4]. - Xizi Clean Energy's expertise in high-temperature equipment manufacturing supports the industrialization of SOFC, as the technology requires high-temperature resistance and sealing capabilities [4]. Group 4: Market Opportunities - The market for SOFC in data centers is projected to reach $7 billion in the next three years, driven by increasing demand for efficient energy solutions [4]. - SOFC technology also presents significant potential in industrial waste heat recovery, particularly in high-energy-consuming sectors like steel and cement [4]. Group 5: Future Outlook - As Zhentai Energy's SOFC technology matures, Xizi Clean Energy is expected to gain a competitive edge in the clean energy equipment sector, paving the way for long-term growth [5].

Core Viewpoint - Xizi Clean Energy (002534.SZ) has achieved an A rating in the latest ESG assessment by Huazheng Index, highlighting its excellence in environmental, social, and governance practices [2] Governance Upgrade - The company has established a robust governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management team, along with a strategic investment and ESG committee that integrates ESG metrics into executive assessments [3] - Xizi Clean Energy has disclosed 142 announcements and related documents in 2024, ensuring investor transparency, and has conducted 25 routine audits and 6 special audits without any major compliance incidents [3] Green and Low-Carbon Initiatives - The company is actively pursuing green development across its entire industry chain, transitioning from a leader in waste heat utilization to a clean energy manufacturer, participating in the construction of 16 solar thermal power plants by the end of 2024 [4] - Xizi Clean Energy's Qinghai Zhongkong Delingha 50MW solar thermal power plant is expected to reduce CO2 emissions by approximately 121,000 tons annually [4] - The company has invested 28.24 million yuan in environmental protection in 2024, achieving a 100% compliance rate for waste gas and wastewater discharge [4] Quality and Innovation - Xizi Clean Energy has implemented a three-tier quality management system covering design, manufacturing, and inspection, with over 250 system documents to ensure standardized control [6] - The company has established a national-level postdoctoral workstation and a joint research institute with Zhejiang University to accelerate breakthroughs in clean energy technology [7] Employee-Centric Approach - The company emphasizes employee rights and diverse development, achieving a 93.5% employee satisfaction rate through various welfare initiatives and training programs [8] - Xizi Clean Energy has conducted 246 hazard inspections and 83 emergency drills in 2024, achieving a 100% rectification rate [8] Social Responsibility - The company actively engages in social responsibility initiatives, supporting youth development and community assistance, and has created over 1,000 job opportunities through its "Xizi Spring Plowing Society" platform [9] - Xizi Clean Energy has been recognized in the "2024 Global Zhejiang Business ESG Classic 100" list for its impactful social contributions [9] Future Outlook - Xizi Clean Energy aims to continue driving green and low-carbon initiatives alongside technological innovation, focusing on molten salt energy storage, solar thermal power generation, and flexible transformation of thermal power [10]

证券代码：002534 证券简称：西子洁能 编号：2025－076 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 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。 特别提示：自 2025 年 7 月 23 日至 2025 年 8 月 20 日，西子清洁能源装备制 造股份有限公司（以下简称"公司"）股票已有 9 个交易日的收盘价不低于"西 子转债"当期转股价格（即 10.99 元/股）的 130%（即 14.29 元/股），预计后续 可能触发"西子转债"有条件赎回条款。根据《公司公开发行可转换公司债券 募集说明书》（以下简称《募集说明书》）中有条件赎回条款的相关规定，届时 公司董事会有权决定是否按照债券面值加当期应计利息的价格赎回全部或部分 未转股的"西子转债"。敬请广大投资者详细了解可转换公司债券相关规定，并 及时关注公司后续公告，注意投资风险。 一、可转债发行上市的基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2021〕 的核准，公司于 2021 年 12 月 24 日公开发 ...

Core Insights - The company is accelerating its development in the renewable energy sector driven by the "dual carbon" goals, leveraging a model of "independent research and development + equity collaboration" to enhance its competitive edge in the industry [1][8] - The focus on perovskite photovoltaic technology and solid oxide fuel cells (SOFC) represents two key pillars for the company's competitive positioning in the renewable energy landscape [1][8] Group 1: Perovskite Photovoltaic Technology - The company has made significant strides in the perovskite photovoltaic sector through its investment in Hangzhou Zhongneng Optoelectronics Technology Co., Ltd. (Zhongneng Optoelectronics), marking a strategic entry into the perovskite photovoltaic equipment and components market [2][3] - Zhongneng Optoelectronics successfully delivered its first fully automated 100MW perovskite photovoltaic module production line in Hangzhou in 2024, establishing its leading position in the large-scale production of perovskite technology [2][3] - The production line is capable of producing flexible and rigid components with high energy density, as well as specialized photovoltaic products, showcasing a dual competitive advantage of "technological diversification + intelligent production" [2][3] Group 2: Solid Oxide Fuel Cells (SOFC) - The company has entered the SOFC market by increasing its stake in Zhejiang Zhentai Energy Technology Co., Ltd. (Zhentai Energy), holding a 7.5% equity interest, aligning with its "zero-carbon park" strategy [4][5] - SOFC technology, with its high efficiency (over 60% power generation efficiency) and broad fuel adaptability, is ideal for distributed energy and industrial waste heat recovery applications [4][5] - The integration of SOFC with energy storage and photovoltaic/solar thermal generation creates a closed-loop system that significantly enhances energy utilization efficiency in zero-carbon parks [4][6] Group 3: Strategic Ecosystem and Future Outlook - The company's overall strategy integrates perovskite and SOFC technologies as critical components of its renewable energy ecosystem, enhancing its resilience and competitive barriers in the market [7][8] - The collaboration between Zhongneng Optoelectronics and Zhentai Energy allows the company to build a comprehensive capability system from core equipment to complete line solutions in the photovoltaic and fuel cell sectors [7][8] - As Zhongneng Optoelectronics advances towards GW-level production capacity and Zhentai Energy matures its SOFC technology, the company is well-positioned to capitalize on the next wave of industrialization in renewable energy technologies [7][8]

Group 1 - The latest stock price of Xizi Clean Energy is 16.13 yuan, up 0.75% from the previous trading day, with a trading range of 15.80 to 16.50 yuan and a trading volume of 132,400 hands, amounting to 213 million yuan [1] - Xizi Clean Energy is primarily engaged in the research, development, production, and sales of energy-saving and environmental protection equipment, including waste heat boilers and power station boilers, with applications in the power, metallurgy, and chemical industries [1] - The company announced that from July 23 to August 20, its stock has closed at or above 130% of the current conversion price of Xizi convertible bonds for nine trading days, indicating a potential trigger for conditional redemption clauses [1] Group 2 - On August 20, Xizi Clean Energy saw a net inflow of main funds amounting to 9.25 million yuan, with a cumulative net inflow of 54.38 million yuan over the past five days [2]

Group 1 - The company announced that from July 23, 2025, to August 20, 2025, its stock price has closed at or above 130% of the conversion price of "Xizi Convertible Bonds" for 9 trading days [1] - The conversion price is set at 10.99 yuan per share, making the threshold for triggering the conditional redemption clause 14.29 yuan per share [1] - The company's board of directors has the authority to decide whether to redeem all or part of the unconverted "Xizi Convertible Bonds" at face value plus accrued interest [1]