二、 自本备案通知书出具之日起至本次境外发行上市结束前，你公司如发 生重大事项，应根据境内企业境外发行上市有关规定，通过中国证监会备案管 理信息系统报告。 三、 你公司完成境外发行上市后15个工作日内，应通过中国证监会备案管 理信息系统报告发行上市情况。你公司在境外发行上市过程中应严格遵守境内 外有关法律、法规和规则。 四、 你公司自本备案通知书出具之日起12个月内未完成境外发行上市，拟 继续推进的，应当更新备案材料。 | 索 | 引 | 号 bm56000001/2024-00005575 | 分 | 类 | | --- | --- | --- | --- | --- | | 发布机构 | | | 发文日期 | | | 名 | | 称 关于海南钧达新能源科技股份有限公司境外发行上市备案通知书 | | | 文 号 国合函〔2024〕1047号 主 题 词 关于海南钧达新能源科技股份有限公司境外发行上市备案通知书 海南钧达新能源科技股份有限公司： 你公司境外发行上市的备案材料收悉。根据《中华人民共和国证券法》 《境内企业境外发行证券和上市管理试行办法》等规定，我会对备案事项通知 如下： 一、 你公司拟发行不超过 ...

证券代码：002865 证券简称：钧达股份 公告编号：2024-060 公司后续将根据市场情况，在回购期限内实施本次回购计划，并根据相关法 律、法规和规范性文件的规定，及时履行信息披露义务。敬请广大投资者理性投 资，注意投资风险。 特此公告。 一、股份回购基本方案 公司于 2023 年 9 月 12 日召开第四届董事会第五十一次会议,审议通过了《关 于回购股份方案的议案》，公司拟使用自有资金以集中竞价交易方式回购公司在 境内发行的人民币普通股（A 股）股票，全部用于后期实施股权激励计划或员工 持股计划。拟用于回购的资金总额不低于人民币 1 亿元（含）且不超过人民币 2 亿元（含），回购价格不超过人民币 150 元/股（含）。回购股份实施期限为自 公司董事会审议通过本次回购股份方案之日起不超过 9 个月。具体内容详见公司 于2023年9月20日在巨潮资讯网上披露的《回购报告书》（公告编号：2023-130）。 二、股份回购的进展情况 根据中国证监会《上市公司股份回购规则》和《深圳证券交易所上市公司自 律监管指引第 9 号——回购股份》等相关规定，公司应当在每个月的前三个交易 日内，公告截至上月末的回购进展情况。 ...

2024 年 05 月 05 日 2023 年 N 型电池出货排名第一，构建先进产能壁垒。2023 年公司 N 型 电池产品出货 20.58GW，排名行业第一；电池出货量名列行业第四。公司 积极引领行业发展，率先实现 N 型 TOPCon 电池技术大规模量产，依托技 术优势持续增加产能，其中 N 型 TOPCon 电池产能约 40GW，占公司总产 能比重超 80%。新产能释放促进 N 型市场占有率稳定攀升，Infolink 预计 2024 年 N 型技术将以近 79%的市占率主宰光伏市场，出货量预估可高达 492GW，为公司带来发展机遇。 | --- | --- | |-------------------------------|------------| | | | | 买入（维持） | | | 股票信息 | | | 行业 | 汽车零部件 | | 前次评级 | 买入 | | 4 月 30 日收盘价 ( 元 ) | 51.48 | | 总市值 ( 百万元 ) | 11,766.07 | | 总股本 ( 百万股 ) | 228.56 | | 其中自由流通股 (%) | 97.85 | | 30 日日均成交量 ...

钧达股份（002865） [Table_Tag] [Table_Summary] 投资要点 ◼ 深耕 N 型技术提效降本，TPC 产品持续升级。2023 年底公司 P 型资产 基本出清，目前公司产品结构为 40GW N 型产能，率先完成 P 型向 N 型的产品升级。公司新技术持续推进，持续推进引入 JRpoly、霓虹 poly、 J-STF 超密细栅等多项前沿技术，将 TOPCon 量产效率提升至 26%+； 通过金属复合降低、钝化性能提升、0BB 技术等多项提效降本措施的探 索及导入，持续提升电池转换效率，降低非硅成本。 证券分析师 曾朵红 执业证书：S0600516080001 021-60199793 zengdh@dwzq.com.cn 证券分析师 郭亚男 执业证书：S0600523070003 guoyn@dwzq.com.cn 研究助理 徐铖嵘 执业证书：S0600122080018 xucr@dwzq.com.cn 市场数据 证券研究报告·公司点评报告·光伏设备 买入（维持） ◼ Q1 产业链价格下行，电池产能加速出清，Q2 或盈利修复。公司 2024Q1 电池出货 10.08GW，同增 110 ...

Financial Performance - The company's operating revenue for the first quarter of 2024 was CNY 3,714,187,339.45, a decrease of 6.38% compared to the same period last year[14]. - The net profit attributable to shareholders for the first quarter of 2024 was CNY 19,754,125.07, representing a significant decline of 94.42% year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -170,901,190.99, a decrease of 149.66% compared to the previous year[14]. - The basic earnings per share for the first quarter of 2024 were CNY 0.09, a decrease of 94.97% compared to the same period last year[14]. - The weighted average return on equity for the first quarter of 2024 was 0.42%, down 28.29% year-on-year[14]. - The company's operating profit decreased significantly to 11.63 million from 392.09 million, reflecting a substantial decline[41]. - The net profit for the quarter was 19.75 million, down from 353.98 million, indicating a decrease of approximately 94.4%[41]. Cash Flow and Assets - The company's cash flow from operating activities increased by 116.88% to CNY 121,902,506.18 in the first quarter of 2024[14]. - The total assets at the end of the reporting period were CNY 16,958,133,091.40, down 7.76% from the end of the previous year[14]. - The total cash and cash equivalents at the end of the period were approximately ¥2.08 billion, down from ¥2.65 billion at the beginning of the period[28]. - Cash inflow from operating activities totaled approximately 1.027 billion yuan, while cash outflow was about 905 million yuan, resulting in a net cash flow from operating activities of 121.90 million yuan[49]. - The net cash flow from investing activities was -¥204,254,191.40, compared to -¥630,112,116.87 in the previous period[28]. - Accounts receivable increased from approximately 10 million to 39.84 million, a rise of about 297.5%[39]. Product Development and Market Position - The company launched the new "MoNo" series of TOPCon batteries, achieving a production efficiency increase from 25% at the beginning of 2023 to 26% by the end of the year[9]. - The company is focusing on optimizing product structure, with a full emphasis on N-type products[20]. - The company has maintained a leading position in R&D cost reduction, with continuous upgrades to TOPCon products[18]. - The sales volume of N-type battery products grew by 109.56% year-on-year, leading the industry[36]. - In Q1 2024, the company achieved battery product shipments of 10.08 GW, a year-on-year increase of 109.56% (P-type: 1.52 GW, N-type: 8.56 GW)[47]. Strategic Initiatives - The company is actively collaborating with renowned research institutions to enhance its core competitive advantages in the photovoltaic battery industry[10]. - The company is actively enhancing its R&D efforts, focusing on optimizing TOPCon battery technology[47]. - The company is expanding its overseas sales network and conducting market research to strengthen its supply capabilities in the photovoltaic battery market[57]. - The company has initiated preparations for H-share issuance to support its global development strategy[57]. - The company is participating in various international renewable energy exhibitions to enhance its brand image and engage in industry exchanges[57]. - The company is witnessing a significant opportunity in the overseas photovoltaic market as demand continues to grow rapidly[57]. Government Support and ESG - The company received government subsidies amounting to CNY 223,334,693.04 during the reporting period[15]. - The company received the highest ESG rating from S&P for its revenue, operations, and CAPEX indicators, reflecting its commitment to ESG principles[53]. Shareholder Actions - The company completed the stock option incentive plan for 108 core management and technical talents, granting a total of 830,400 options[21]. - The company repurchased shares worth ¥49,978,662, acquiring 708,300 shares for future employee stock ownership plans[21]. - The total liabilities amounted to ¥12.25 billion, down from ¥13.68 billion in the previous period[24]. - The total equity attributable to shareholders was approximately ¥4.71 billion, slightly up from ¥4.71 billion in the previous period[24].

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected investment return exceeding 10% relative to the CSI 300 index over the next six months [2][30]. Core Insights - The company is experiencing a significant increase in market share for N-type products, with advanced TOPCon technology and a leading global strategic layout. The forecasted net profit attributable to the parent company for 2024-2026 is projected to be 1.487 billion, 1.693 billion, and 1.817 billion yuan, respectively, corresponding to a PE ratio of 8.7, 7, and 6.5 times for the same years [2][50]. - The photovoltaic industry is witnessing a price decline, stimulating demand for installations. The global photovoltaic installed capacity in 2023 reached 420 GW, a year-on-year increase of 85%, while China's installed capacity reached 216.88 GW, up 148.12% year-on-year [50]. - The company achieved a revenue of 18.687 billion yuan in 2023, a 60.90% increase year-on-year, with a net profit of 816 million yuan, reflecting a 13.77% growth [50]. Summary by Sections Financial Performance - The company's revenue for 2023 was 18.687 billion yuan, with a gross profit margin of 14.95% and a net profit margin of 4.37% [8][50]. - The projected revenues for 2024, 2025, and 2026 are 22.332 billion, 24.517 billion, and 26.271 billion yuan, respectively, with corresponding net profits of 1.487 billion, 1.693 billion, and 1.817 billion yuan [2][8]. Market Position - The N-type battery technology is expected to capture nearly 79% of the market share by 2024, with TOPCon battery market share rapidly increasing to around 70% [50]. - The company ranked fourth globally in battery shipments in 2023, with N-type battery shipments leading the industry [50]. Strategic Initiatives - The company is planning to list on the Hong Kong Stock Exchange and expand its overseas production capacity, targeting markets in Asia, Europe, North America, and Latin America [50]. - The company aims to enhance the production efficiency of TOPCon batteries by over 0.5% in 2024 through various technological improvements [50].

证券代码：002865 证券简称：钧达股份 公告编号：2024-056 海南钧达新能源科技股份有限公司 2023 年年度权益分派实施公告 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。 特别提示： 按 A 股除权前总股本（含回购股份及其他不参与分红的股份）计算的每 10 股派息（含税）：7.438640 元 海南钧达新能源科技股份有限公司（以下简称"公司"），2023 年年度权益 分派方案已获 2024 年 4 月 2 日召开的股东大会审议通过，现将权益分派事宜公告 如下： 一、股东大会审议通过利润分配方案情况 1、2024 年 4 月 2 日，公司召开 2023 年年度股东大会，审议通过了《公司 2023 年度利润分配预案》。公司 2023 年年度权益分派方案具体内容为： 以截至 2023 年 12 月 31 日公司总股本剔除回购股份后的 226,686,226 股为基 数，向全体股东每 10 股派发现金红利人民币 7.5 元（含税），不送红股，不以公 积金转增股本。本次利润分配合计派发现金红利 170,014,670 元（含税）。 分红年度：2023 年年 ...

海南钧达新能源科技股份有限公司 关于获得政府补助的公告 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。 一、获得政府补助的基本情况 海南钧达新能源科技股份有限公司下属公司（以下简称"公司"）近期收到 政府补助款项合计人民币19,190万元，其中与资产相关的政府补助6,190万元， 占上市公司 2023 年度经审计的归属于上市公司股东净资产 1.31%，与收益相关 的政府补助 13,000 万元,占上市公司 2023 年度经审计的归属于上市公司股东净 利润绝对值的 15.94%。 证券代码：002865 证券简称：钧达股份 公告编号：2024-055 3、补助对上市公司的影响 上述补助中，与资产相关的政府补助,公司冲减相关资产的账面价值。与收 益相关的政府补助，预计将增加公司 2024 年度合并报表利润总额 13,000 万元。 上述补助公司已实际收到，其中与资产相关的政府补助公司冲减相关资产的 账面价值，与收益相关的政府补助公司冲减相关成本费用。上述政府补助不具有 可持续性。 二、补助的类型及其对上市公司的影响 1、补助类型 按照《企业会计准则第 16 号—政 ...

证券代码：002865 证券简称：钧达股份 公告编号：2024-054 海南钧达新能源科技股份有限公司 关于 2023 年第二期股票期权激励计划预留授予完成的公告 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。 重要内容提示： 期权简称：钧达JLC8 期权代码：037427 预留授予日：2024年3月14日 授予登记完成日：2024年4月17日 行权价格：60.23元/份 授予登记数量：83.04万份 授予登记人数：108人 期权有效期：36个月 授予行权期：本次授予的激励对象行权期为2期，分别为自预留授予日起12个月 后、24个月后分两次行权。 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司股权激励管 理办法》（以下简称"《管理办法》"）、深圳证券交易所、中国证券登记结算有限责 任公司深圳分公司有关规则的规定，海南钧达新能源科技股份有限公司（以下简称"公 司"）截至本公告日已办理完成了公司 2023年第二期股票期权激励计划（以下简称"本 激励计划"）预留授予登记工作，现将有关情况公告如下： 一、本激励计划已履行的相关审批程序和信息披露情况 （ ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [5][81]. Core Views - The company is positioned as a leader in TOPCon battery technology, poised to benefit significantly from the upcoming N-type era. The effective capacity of N-type TOPCon batteries reached approximately 500GW by the end of 2023, with a global demand for nearly 500GW of photovoltaic installations expected in 2024, indicating no oversupply in advanced production capacity [9][81]. - The company has optimized its production structure by fully impairing its P-type PERC battery assets, allowing it to focus on its leading TOPCon production capacity of 40GW, which is expected to see substantial growth in shipments in 2024 [4][81]. Summary by Sections Market Data - As of April 2, 2024, the closing price is 64.4 CNY, with a market capitalization of 14,328 million CNY. The price-to-book ratio is 3.1, and the one-year high/low is 161/49.97 CNY [2]. Financial Performance - The company forecasts net profits of 1,061 million CNY, 1,409 million CNY, and 1,788 million CNY for 2024, 2025, and 2026, respectively. The current stock price corresponds to a 2024 PE ratio of 14 times, while the industry average PE is projected at 16 times [5][82]. Revenue and Profitability - Total revenue is expected to grow from 18,657 million CNY in 2023 to 29,115 million CNY by 2026, with a compound annual growth rate (CAGR) of 24.6%. The gross margin for TOPCon battery business is projected to stabilize at 12% from 2024 to 2026 [6][82]. Production Capacity and Market Position - The company has a total production capacity of 49.5GW, with 9.5GW for PERC and 40GW for TOPCon batteries. The shipment volume for TOPCon batteries is expected to increase significantly, with projections of 40GW, 55GW, and 70GW for 2024, 2025, and 2026, respectively [54][81]. Global Expansion - The company is actively expanding its international market presence, with overseas sales increasing from 0.29% to approximately 4.69% in 2023, aiming for over 10% in 2024. Plans for a Hong Kong listing are also underway to facilitate overseas capital operations [10][60]. Technological Advancements - The company has introduced the "MoNo 1" series of N-type batteries, which utilize advanced technologies to enhance production efficiency from 25% to 26% by the end of 2023. This series is expected to reduce balance of system (BOS) costs by 3.2% and levelized cost of energy (LCOE) by 2.0% for downstream customers [57][13].