【生态环境周观察】是钛媒体旗下的特色周报产品，旨在将每周全球生态环境领域最重要的政策、事件、讨论、数据呈现在读者面前，用最真实、前沿的信 息，捕捉我们身边微小而重要的变化。环球同此凉热，视野点亮未来。 政策 五部门出台新政加强储能安全管理 5月7日，国家能源局、工业和信息化部、应急管理部、市场监管总局、国家消防救援局五部门联合发布《关于加强电化学储能安全管理有关工作的通知》， 强调要切实落实电化学储能安全管理责任，强化全链条安全管理，坚决防范遏制重特大事故。《通知》针对提升电池系统本质安全水平、开展电化学储能项 目安全条件和设施论证评价、进一步完善电化学储能相关标准规范、落实电化学储能项目安全监管责任、加强部门工作联动和信息共享、落实企业安全生产 主体责任等工作进行了部署。 特朗普因风电禁令被起诉 根据路透社5月6日发布的报道，近期，包括加州、纽约州在内的17个民主党州总检察长和哥伦比亚特区组成的联盟，正就特朗普政府暂停新风电项目租赁、 许可的行政令进行起诉。起诉者公开发布的声明称特朗普的行政命令不合法，并对快速增长、经济实惠的清洁能源——风电行业带来损害，要求阻止特朗普 政府单方面冻结风电开发的相关举措。 ...

Fundraising Overview - From May 1 to the current week, there were 115 fundraising, investment, listing, and merger events, totaling 18.271 billion RMB [1] - The most significant fundraising event was an investment exceeding 1.3 billion RMB in Shanghai Saike Travel Technology Service Co., Ltd. on May 9, 2025 [7] - The primary regions for these events were Zhejiang Province (16.5%), Jiangsu Province (13.9%), and Liaoning Province (12.2%) [1] Investment Overview - A total of 40 investment events occurred from May 1 to the current week, with disclosed amounts in 38 events totaling 4.071 billion RMB [7] - The largest disclosed investment was over 1.3 billion RMB in Shanghai Saike Travel Technology Service Co., Ltd. on May 9, 2025 [7] - The investment landscape included various sectors, with significant activity in healthcare, technology, and consumer services [12][13] Merger and Acquisition Overview - There were 23 merger and acquisition events during the same period, with disclosed transaction amounts totaling 1.093 billion RMB [17] - A notable acquisition was by Ningde Times New Energy Technology Co., Ltd., which invested 400 million RMB in Jiangxi Shenghua New Materials Co., Ltd. on May 6, 2025 [17] - The M&A activities spanned multiple industries, including materials, manufacturing, and consumer services [18] Listing Overview - Three companies went public during this period, raising a total of 1.740 billion RMB [20] - The largest listing was by Junda Co., which raised 1.405 billion HKD on May 8, 2025, focusing on photovoltaic cell manufacturing [20][21] - The listings reflect a growing interest in sectors such as energy, manufacturing, and consumer services [20][21]

Core Viewpoint - The photovoltaic industry is undergoing significant adjustments due to supply-demand mismatches, leading to a reduction in workforce across many companies [1][3][4]. Group 1: Workforce Changes - The number of employees in 109 A-share photovoltaic companies is projected to decrease from 78,260 in 2023 to 63,870 in 2024, indicating a reduction of over 14,000 employees [1][4]. - The workforce saw a substantial increase from 61,770 in 2022 to 78,260 in 2023, driven by a surge in industry performance, with total revenue reaching 1.65 trillion yuan and net profit hitting 147.09 billion yuan in 2023 [2][4]. - Major companies like Longi Green Energy, Jinko Solar, Trina Solar, and JA Solar have reduced their workforce by over 10,000 employees each, with Longi and Jinko seeing reductions exceeding 20,000 [5]. Group 2: Financial Performance - The financial performance of the photovoltaic industry is expected to decline in 2024, with total revenue dropping to 1.38 trillion yuan and a net loss of 60 million yuan reported [4]. - The decline in material prices has led to some companies operating at a loss, prompting them to implement cost-cutting measures, including workforce reductions [3][4]. Group 3: Contrasting Trends - Despite the overall trend of workforce reduction, some companies, particularly in the photovoltaic equipment sector, are hiring. For instance, North China Innovation added 4,434 employees, and Sungrow Power increased its workforce by 3,608 [6]. - Companies producing photovoltaic inverters and auxiliary materials, such as Sungrow, Deye, and Jinlang Technology, have reported overall profitability, allowing them to expand their workforce [6].

Group 1 - JunDa Co., Ltd. officially listed on the Hong Kong Stock Exchange on May 8, with H-shares priced at HKD 22.15 per share, raising a total of approximately HKD 1.4 billion [2] - The global offering consisted of 63.43 million shares, with 6.34 million shares allocated for public offering in Hong Kong and 57.09 million shares for international offering, marking a significant milestone in the company's globalization process [2][3] - The first trading day saw a notable increase of 20.09% in share price, reflecting strong market interest [2] Group 2 - China's renewable energy sector is transitioning from quantity to quality, with solar companies enhancing their technology and supply chain capabilities [3] - In 2024, China's solar module exports are projected to reach 240.91 GW, a year-on-year increase of 27.6%, while solar cell exports are expected to hit 59.1 GW, up 56.5% [3] - JunDa Co., Ltd. aims to build its global competitiveness through technological advancements and a global perspective, following the successful overseas expansion strategies of peers like CATL [3][4] Group 3 - JunDa Co., Ltd. focuses on continuous improvement of N-type TOPCon solar cells, achieving a 30% reduction in non-silicon costs year-on-year [4] - The company has established a research and development system that emphasizes pre-research, testing, and mass production, while also exploring cutting-edge technologies such as HJT and perovskite [4] - By Q1 2025, overseas sales are expected to account for 58% of JunDa's total sales, supported by partnerships in Oman and North America [4] Group 4 - The global photovoltaic landscape is undergoing a restructuring, with increasing demand for high-performance solar cells, which are critical in the supply chain [5] - JunDa Co., Ltd. holds a 24.7% market share in the global N-type TOPCon solar cell market, maintaining its position as an industry leader [5][6] - The company is leveraging low tax rates in Oman and collaborative mechanisms in North America to establish a supply hub connecting the Middle East, Europe, and North America [6] Group 5 - The establishment of a dual capital platform (A+H shares) enhances JunDa's ability to engage with international capital markets, supporting its strategy of "capacity going abroad + brand going abroad" [7] - The Hong Kong market is known for providing valuation flexibility for technology and export-oriented companies, positioning JunDa favorably for growth [7] - JunDa's listing is seen as a significant step towards becoming a key player in the global renewable energy sector, marking the beginning of its comprehensive entry into the international photovoltaic competition [7]

中国经济网北京5月8日讯 海南钧达新能源科技股份有限公司(H股简称"钧达股份"，02865.HK)今日 在港交所上市，开盘报22.2港元。截至收盘，该股报26.6港元，涨幅20.09%。 最终发售价及配发结果公告显示，钧达股份发售股份数目63,432,300股，其中，香港公开发售的最 终发售股份数目6,343,300股，国际发售的最终发售股份数目57,089,000股。 | 發售股份及股本 | | | --- | --- | | 發售股份數目 | 63,432,300 | | 香港公開發售的最終發售股份數目 | 6,343,300 | | 國際發售的最終發售股份數目 | 57,089,000 | | 上市後已發行股份數目 | 292,584,052 | 钧达股份的联席保荐人、整体协调人、联席全球协调人、联席账簿管理人及联席牵头经办人是华泰 国际、招银国际、Deutsche Bank；整体协调人、联席全球协调人、联席账簿管理人及联席牵头经办人 及财务顾问是中信证券、中金公司；联席账簿管理人及联席牵头经办人是广发证券(香港)、富途证券、 复星国际证券、中银国际、建银国际、工银国际、富强证券、TradeGo Mar ...

证券代码：002865 证券简称：钧达股份 公告编号：2025-037 海南钧达新能源科技股份有限公司 关于境外上市股份（H 股）挂牌并上市交易的公告 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。 海南钧达新能源科技股份有限公司（以下简称"公司"）正在进行在境外发 行股份（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）主板 挂牌上市（以下简称"本次发行上市"）的相关工作。 公司本次全球发售 H 股发行股数为 63,432,300 股（假设超额配售权未获行 使），其中，香港公开发售 6,343,300 股，约占全球发售总数的 10％（假设超额配 售权未获行使）；国际发售 57,089,000 股，约占全球发售总数的 90％（假设超额 配售权未获行使）。根据每股 H 股发售价 22.15 港元计算，经扣除全球发售相关 承销佣金及其他估计费用后，并假设超额配售权未获行使，公司将收取的全球发 售所得款项净额估计约为 12.9 亿港元。 董事会 2025 年 5 月 8 日 | 股东类别 | 本次发行上市前 | | 本次发行上市后（假设超额配售权未 获行 ...

Core Viewpoint - JunDa Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, becoming the first photovoltaic battery company in China to achieve "A+H" listing, marking a significant milestone in the industry [1][4]. Group 1: Listing Details - JunDa Co., Ltd. launched its H-share at a price of HKD 22.15 per share, with a total global offering of approximately 63.43 million shares, where the Hong Kong public offering was oversubscribed by 3.5 times and the international offering by 1.08 times [1][4]. - The company raised approximately HKD 12.92 billion from the global offering, with 75% of the funds allocated for the construction of a 5 GW photovoltaic battery production base in Oman [1][4]. Group 2: Business Transformation - Originally established in 2003 with a focus on automotive parts, JunDa shifted its business model to specialize in photovoltaic battery research, production, and sales after acquiring a 51% stake in JieTai Technology in 2017 [9]. - The company divested its automotive parts business in 2022 and fully acquired JieTai Technology, marking a complete transition to the photovoltaic sector [9]. Group 3: Market Position and Performance - JunDa ranks among the top five global photovoltaic battery manufacturers, holding a 24.7% market share in N-type TOPCon batteries and a 17.9% share in overall photovoltaic batteries as of 2024 [7][11]. - The company reported a significant increase in net profit in 2022, reaching CNY 717 million, but faced a decline in 2023 with a net profit of CNY 816 million, reflecting the industry's downward trend [10][11]. Group 4: Future Outlook and Strategy - JunDa is focusing on expanding its overseas market presence, with 23.73 billion CNY in overseas revenue in the previous year, representing a 171.33% increase and accounting for approximately 23.85% of total revenue [17]. - The company anticipates improvements in the supply-demand environment of the photovoltaic industry starting from 2025, which may lead to a recovery in profitability and performance growth [18].

为推动辖区上市公司进一步建立董事会与投资者的良好沟通机制，让投资者 更准确地读懂年度报告、更全面地了解上市公司，切实提高上市公司透明度和治 理水平，海南证监局将与深圳市全景网络有限公司、海南上市公司协会联合举办 "2024 年度海南辖区上市公司业绩说明会暨投资者集体接待日"活动，活动时间 为 2025 年 5 月 13 日 14:00-17:00，平台登陆地址为：https://rs.p5w.net。 届时，公司主要高管人员将参加本次活动，通过网络在线交流形式，就公司 2024 年年报披露、财务数据、公司治理、内部控制、发展战略、经营状况、现 金分红、重大事项、可持续发展等投资者所关心的问题，与投资者进行"一对多" 形式的沟通与交流。欢迎广大投资者踊跃参与。 特此公告。 证券代码：002865 证券简称：钧达股份 公告编号：2025-035 海南钧达新能源科技股份有限公司关于参加 2024 年度海南辖区上市公司业绩说明会 暨投资者集体接待日的公告 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。 海南钧达新能源科技股份有限公司 董事会 2025 年 5 月 7 ...

证券代码：002865 证券简称：钧达股份 公告编号：2025-036 海南钧达新能源科技股份有限公司 关于为全资子公司提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 1、担保事项的基本情况 海南钧达新能源科技股份有限公司（以下简称"公司"）为全资子公司上饶 捷泰新能源科技有限公司（下称"上饶捷泰"）向广发银行股份有限公司南昌分 行及下属分支机构申请办理的综合授信敞口额度人民币 25,000 万元整提供连带 责任保证担保，具体担保事项以担保合同中的约定为准。 公司于 2024 年 12 月 17 日召开第四届董事会第七十一次会议、2025 年 1 月 2 日召开 2025 年第一次临时股东会，审议通过了《关于对下属公司担保额度预 计的议案》，同意公司在下属公司申请金融机构信贷业务及日常经营需要时为其 提供对外担保，预计担保总额度为人民币 1,400,000 万元。本次担保事项为对公 司合并报表范围内的下属全资孙公司提供担保，在审议批准的额度范围内，无需 再提交董事会或股东大会审议。 二、被担保人的基本情况 1、公司名称：上饶捷 ...

证券代码：002865 证券简称：钧达股份 公告编号：2025-034 海南钧达新能源科技股份有限公司 关于境外上市股份（H 股）公开发行价格的公告 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。 海南钧达新能源科技股份有限公司（以下简称"公司"）正在进行在境外发 行股份（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）主板 挂牌上市（以下简称"本次发行上市"）的相关工作。 因本次拟发行的 H 股股份的认购对象仅限于符合相应条件的境外投资者及 依据中国相关法律法规有权进行境外证券投资管理的境内证券经营机构和合格 境内机构投资者及其他符合监管规定的投资者。因此，本公告仅为 A 股投资者 及时了解公司本次发行上市的相关信息而作出，并不构成亦不得被视为是对任何 境内个人或实体收购、购买或认购公司任何证券的要约或要约邀请。 公司已确定本次 H 股发行的最终价格为每股 22.15 港元（不包括 1.0％经纪 佣金、0.0027％香港证券及期货事务监察委员会交易征费、0.00565％香港联交所 交易费及 0.00015％香港会计及财务汇报局交易征费）。公司本次 ...