Core Viewpoint - The TOPCON battery concept has shown a significant increase in stock prices, with a 3.52% rise, ranking sixth among concept sectors, indicating strong market interest and investment potential in this area [1]. Group 1: Market Performance - As of July 8, the TOPCON battery concept saw 69 stocks rise, with notable performers including Yijing Optoelectronics, Hongyuan Green Energy, and Junda Co., which hit the daily limit up [1]. - The leading gainers in the sector included Shijin Technology, Laplace, and Trina Solar, with increases of 11.10%, 9.12%, and 8.10% respectively [1]. - Conversely, the top decliners were Linyang Energy, *ST Mubang, and Haitan Co., with decreases of 1.61%, 0.91%, and 0.58% respectively [1]. Group 2: Capital Flow - The TOPCON battery concept attracted a net inflow of 2.411 billion yuan from major funds, with 48 stocks receiving net inflows, and five stocks exceeding 100 million yuan in net inflow [1]. - Tongwei Co. led the net inflow with 636 million yuan, followed by Longi Green Energy, Junda Co., and Yijing Optoelectronics, which received net inflows of 517 million yuan, 200 million yuan, and 162 million yuan respectively [1]. - The top three stocks by net inflow ratio were Yijing Optoelectronics, Tongwei Co., and Junda Co., with ratios of 24.31%, 22.69%, and 21.00% respectively [2].

Core Viewpoint - The A-share market experienced a collective rise on July 8, with major indices showing positive performance, indicating a resilient market despite potential resistance at previous highs [1][2]. Market Performance - The Shanghai Composite Index rose by 0.7% to close at 3497.48 points, the Shenzhen Component increased by 1.47% to 10588.39 points, and the ChiNext Index surged by 2.39% to 2181.08 points [1][2]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion yuan, with over 4200 stocks rising [2]. Sector Performance - The photovoltaic sector saw a significant surge, with stocks like Tongwei Co., Ltd., Junda Co., and Yijing Optoelectronics hitting the daily limit [5][6]. - The PCB and computing sectors also performed well, with multiple stocks in these areas experiencing gains [6]. Capital Flow - Main capital flows showed a net inflow into photovoltaic equipment, electronic components, and semiconductors, while there was a net outflow from power, chemical pharmaceuticals, and aerospace sectors [7]. - Notable net inflows were observed in stocks such as N Yitang, Industrial Fulian, and China Oil Capital, with inflows of 9.87 billion yuan, 9.13 billion yuan, and 8.99 billion yuan respectively [8]. - Conversely, stocks like Changshan Pharmaceutical, Jinyi Culture, and Xinyada faced net outflows of 8.23 billion yuan, 7.67 billion yuan, and 5.29 billion yuan respectively [9]. Institutional Perspectives - According to Qianhai Bourbon Fund, the market has shown resilience since June 23, with expectations for a challenge at 3674 points in the second half of the year [11]. - Zhongtai Securities noted that the index faces significant pressure and suggested focusing on industries with longer cycles and more earnings forecasts [11]. - Datong Securities highlighted the short-term performance of dividend stocks and their role in providing support to the market, while emphasizing the need for technology to drive long-term growth [11].

Core Viewpoint - The BC battery sector has seen a collective surge of over 4% as of July 8, with several stocks, including Tongwei Co., Ltd. and Junda Co., Ltd., reaching their daily limit up [1] Industry Summary - BC batteries, or back-contact batteries, integrate both positive and negative metal contacts on the back, allowing for a design that absorbs more sunlight and offers higher efficiency, particularly suitable for distributed photovoltaic and commercial rooftop applications [1] - By April 2025, the mass production efficiency of BC batteries is expected to exceed 27%, with a theoretical efficiency limit of 29.1% [1] - Recent discussions in the photovoltaic industry have focused on "anti-involution," with the Ministry of Industry and Information Technology emphasizing the need for lawful and orderly competition, which is expected to enhance market expectations for the healthy development of the photovoltaic industry [1] - The BC battery technology is positioned as a high-efficiency, high-value photovoltaic technology, offering better performance compared to traditional P-type and TOPCon batteries, and is anticipated to play a significant role in the industry's transformation and upgrade [1] Company Summary - Longi Green Energy (601012) has a BC production capacity of 30GW HPBC (High-efficiency Passivated Back Contact) battery project, which is already in mass production [2] - Junda Co., Ltd. has established an experimental line for BC products based on N-type technology, moving towards pilot testing and mass production of N-type products [2] - Tongwei Co., Ltd. has a comprehensive layout in various technology routes, including TOPCon, HJT, BC batteries, and perovskite/silicon tandem batteries, with ongoing breakthroughs in N-type batteries [2] - Dongcai Technology (601208) focuses on technological innovation and explores differentiated photovoltaic product development strategies, with products already applied to BC batteries [2] - Jiejia Weichuang (300724) is developing XBC battery testing and sorting equipment to address issues related to the positioning accuracy of battery grid lines on the back [3] - Foster (603806) is the largest supplier of packaging materials for Longi and Aiko's BC batteries [4] - Aiko Co., Ltd. (600732) has launched a new generation of N-type back-contact ABC battery technology components and photovoltaic energy solutions [4] - TCL Zhonghuan (002129) is enhancing its product lineup by transforming TOPCon standard component production lines and establishing a 2GW BC component production line [4]

Group 1 - The core viewpoint of the news highlights the strong performance of the photovoltaic ETF (159857), which saw a 5.19% increase and significant trading volume, indicating robust investor interest in the sector [3] - The underlying index, the CSI Photovoltaic Industry Index (931151), also experienced a strong rise of 5.08%, with notable gains from constituent stocks such as Daqo New Energy (688303) up 15.30%, Sungrow Power Supply (300274) up 10.49%, and Tongwei Co., Ltd. (600438) up 10.00% [3] - Over the past week, the photovoltaic ETF has seen a substantial increase in scale by 64.87 million yuan and a growth of 19 million shares over the past two weeks, leading the market in similar products [3] Group 2 - The Ministry of Industry and Information Technology of China held a meeting on July 3, focusing on accelerating the high-quality development of the photovoltaic industry, emphasizing the need to eliminate low-price competition and enhance product quality [4] - The government aims to guide healthy competition and support the exit of outdated production capacity, positioning China as a global leader in photovoltaic technology and a key player in the low-carbon energy transition [4] - The CSI Photovoltaic Industry Index is currently valued at a historical low with a price-to-book ratio (PB) of 1.78, which is below 82.54% of the time over the past three years, indicating a favorable valuation for investors [4] Group 3 - The photovoltaic ETF closely tracks the CSI Photovoltaic Industry Index, which includes up to 50 representative companies involved in the photovoltaic industry chain, reflecting the overall performance of listed companies in this sector [5]

Group 1 - The photovoltaic concept stocks are experiencing a strong rebound, with Dongcai Technology (601208) hitting the daily limit up [1] - Tongwei Co., Ltd. (600438) has increased by over 5% [1] - Other companies such as Inno Laser (301021), Junda Co., Ltd. (002865), and Aotwei are also seeing gains [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年6月30日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 呈交日期: 2025年7月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02865 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 63,432,300 | RMB | | 1 RMB | | 63,432,300 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 63,432,300 | RMB | | 1 RMB | | 63,432,300 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | ...

海南钧达新能源科技股份有限公司 董事会战略委员会实施细则 第一章 总则 第一条 为适应海南钧达新能源科技股份有限公司（下称"公司"）战略发 展需要,增强公司核心竞争力，确定公司发展规划，健全投资决策程序，加强决 策科学性，提高重大投资与资本运作决策效率和决策质量，完善公司治理结构， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立董事管 理办法》、公司股票上市地证券监管机构和证券交易所的相关监管规则等有关法 律法规以及《海南钧达新能源科技股份有限公司章程》（下称"《公司章程》"）， 公司特设立董事会战略委员会（下称"战略委员会"），并制定本细则。 第二条 战略委员会是董事会下设的专门工作机构,主要负责对公司长期发 展战略和重大投资决策进行研究并提出建议。 第二章 人员组成 第三条 战略委员会由三名以上的董事组成，其中至少包括一名独立董事。 第四条 战略委员会委员由董事长或董事会提名委员会提名,并由董事会以 全体董事过半数选举产生。 第五条 战略委员会设召集人/委员会主席一名，由公司董事长担任。 第六条 战略委员会任期与董事会任期一致,委员任期届满,连选可以连任。 期间如有委员不再担任公司董事 ...

第五条 公司独立董事原则上最多在三家境内上市公司担任独立董事，并应当 确保有足够的时间和精力有效地履行独立董事的职责。 第六条 独立董事出现不符合独立性条件或其他不适宜履行独立董事职责的 情形，由此造成公司独立董事达不到法定人数时，公司应按规定补足独立董事人数。 海南钧达新能源科技股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善海南钧达新能源科技股份有限公司（以下简称"公司"） 治理结构，促进公司规范运作，充分发挥独立董事在公司治理中的作用，根据《中 华人民共和国公司法》《上市公司独立董事管理办法》《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》 《香港联合交易所有限公司证券上市规则》（简称"《香港上市规则》"）等法律、 行政法规、规范性文件和《公司章程》，特制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与其所受聘的公 司及其主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其 进行独立客观判断关系的董事。本制度中"独立董事"的含义与《香港上市规则》 中"独立非执行董事"的含义一致，独立董事须同时符合 ...

海南钧达新能源科技股份有限公司 股东会议事规则 第一章 总则 第一条 为明确海南钧达新能源科技股份有限公司（下称"本公司"或 "公司"）股东会的职责权限，规范其组织、行为，保证股东会依法行使职权， 提高股东会议事效率，保证股东会会议程序和决议的有效、合法，维护全体股 东的合法权益，公司根据《中华人民共和国公司法》（下称"《公司法》"） 《中华人民共和国证券法》（下称"《证券法》"）《境内企业境外发行证券 和上市管理试行办法》（下称"《管理试行办法》"）《上市公司章程指引》 《上市公司股东会规则》《深圳证券交易所股票上市规则》《香港联合交易所 有限公司证券上市规则》（下称"《香港联交所上市规则》"）等相关法律法 规和《海南钧达新能源科技股份有限公司章程》（下称"《公司章程》"）， 制定本议事规则。 第二条 公司应当严格按照法律、行政法规、规范性文件、公司章程及本 规则的相关规定召开股东会，保证股东能够依法行使权利。 第三条 股东会将设置会场，以现场会议形式召开，具体地点为公司住所 地或股东会通知中确定的其他地点。 公司还将采用安全、经济、便捷的网络和其他方式为股东参加股东会提供 便利。股东通过上述方式参加股东会 ...

海南钧达新能源科技股份有限公司 董事离职管理制度 第一章 总则 第一条 为规范海南钧达新能源科技股份有限公司（以下简称"公司"）董事 离职程序，确保公司治理结构的稳定性和连续性，维护公司及股东的合法权益， 根据《中华人民共和国公司法》《上市公司章程指引》等法律、法规及《海南钧 达新能源科技股份有限公司章程》（下称"《公司章程》"）的有关规定，制定本 管理制度。 第二条 本制度适用于公司全体董事（含独立非执行董事）因任期届满、辞 任、被解除职务等离职情形。公司高级管理人员离职，参照本管理制度执行。 第二章 离职情形与生效条件 第三条 董事可以在任期届满以前辞任。董事辞任应向董事会提交书面辞职 报告，公司收到辞职报告之日辞任生效，公司将在两个交易日内披露有关情况。 出现下列情形的，在改选出的董事就任前，原董事仍应当依照法律、行政法规、 部门规章和《公司章程》规定，履行董事职务： （一）董事任期届满未及时改选，或者董事在任期内辞任导致董事会成员低 于法定最低人数； （二）审计委员会成员辞任导致审计委员会成员低于法定最低人数，或者欠 缺会计专业人士； （三）担任破产清算的公司、企业的董事或者厂长、经理，对该公司、企 ...