钧达股份公告称，公司为全资孙公司滁州捷泰向交通银行上饶分行申请综合授信提供5000万元连带责任 保证担保；公司及上饶捷泰共同为滁州捷泰向中国银行滁州分行申请综合授信提供3亿元连带责任保证 担保。截至2024年12月31日，滁州捷泰总资产86.21亿元，净资产23.22亿元，2024年营收60.58亿元，净 利润-2.23亿元。目前，公司及下属公司累计对外担保余额90.88亿元，占最近一年经审计净资产的 233.79%，无逾期担保或涉诉情况。 ...

证券代码：002865 证券简称：钧达股份 公告编号：2025-084 海南钧达新能源科技股份有限公司 关于为全资孙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。 近日，海南钧达新能源科技股份有限公司（以下简称"公司"）为全资孙公 司滁州捷泰新能源科技有限公司（以下简称"滁州捷泰"）向交通银行股份有限 公司上饶分行申请综合授信额度事项提供连带责任保证担保，最高担保余额为人 民币 5,000 万元；公司及上饶捷泰新能源科技有限公司（以下简称"上饶捷泰"） 共同为滁州捷泰向中国银行股份有限公司滁州分行申请综合授信额度事项提供连 带责任保证担保，最高担保余额为人民币 30,000 万元。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。本次担保事项为公 ...

Investment Rating - The report does not specify a clear investment rating for the company [7] Core Insights - The company is a leading manufacturer of photovoltaic cells, being one of the first to achieve mass production of TOPCon cells with a capacity of 44.4GW [2][3] - The company has rapidly increased its overseas revenue, which now contributes over 50% to total income, indicating a strong market presence outside of traditional markets [4] - The company has shown improvement in its financial performance, with a reduction in losses reported in the latest quarterly results [5] Company Overview - The company was listed on the Shenzhen Stock Exchange in 2017 and has expanded into the photovoltaic industry through acquisitions, including the purchase of Jietai Technology in 2021 [1] - It is the first company in the photovoltaic sector to be listed on both the A-share and H-share markets, providing a unique dual-platform advantage [1] - The company maintains a competitive edge in both N-type TOPCon and P-type PERC cells, holding a 24.7% market share in TOPCon cells among specialized manufacturers [2] Production Capacity - The company has established two production bases in Chuzhou and Huai'an, each with a capacity of 22.2GW, totaling 44.4GW annually [3] - The production facilities are equipped with advanced automation technology, allowing for rapid scaling of production capacity [3] Financial Performance - In the third quarter, the company reported revenues of 2 billion RMB, a 10% year-on-year increase, and a net loss of 155 million RMB, which is a reduction of approximately 100 million RMB compared to the previous year [5] - Cumulative revenue for the first three quarters of 2025 was 5.68 billion RMB, reflecting a 30.72% year-on-year decrease, primarily due to declining prices of TOPCon cells [5] Market Dynamics - The overseas market for photovoltaic products is experiencing rapid growth, with significant demand emerging from regions such as the Middle East, India, and Africa [4] - The company has established a sales network to enhance its competitiveness in international markets, including agreements with local clients in Turkey to boost production capacity [4] Valuation - The company's current stock price corresponds to a price-to-book (PB) ratio of less than 1, with H-shares trading at a discount of over 60% compared to A-shares, suggesting potential for valuation improvement [5]

Core Viewpoint - JunDa Co., Ltd. (002865.SZ, 02865.HK) is experiencing significant stock price declines, with its H-shares hitting a new low since listing and A-shares falling below the 2023 placement price [1] Group 1: Stock Performance - JunDa's A-shares closed at 39.41 CNY, down 4.34%, while H-shares closed at 17.07 HKD, down 1.61%, with an intraday low of 16.84 HKD [1] - The H-shares are currently in a state of "breaking" (below the issue price) [1] Group 2: Initial Public Offering (IPO) Details - JunDa's final offer price for its H-shares was 22.15 HKD, raising a total of 1,405.03 million HKD, with a net amount of 1,291.67 million HKD after expenses [2] - The company went public on the Shenzhen Stock Exchange on April 25, 2017, raising 27,150.00 million CNY with a net amount of 22,336.00 million CNY from the issuance of 30 million shares at 9.05 CNY each [2] Group 3: Recent Fundraising Activities - As of May 30, 2023, JunDa received a total of 2,776 million CNY from a specific stock issuance, with the funds fully deposited in a designated account [4] - The company issued 27,760,000 shares at a price of 100.00 CNY per share, raising a total of 2,776 million CNY, with a net amount of 2,738 million CNY after deducting issuance expenses [4]

Summary of Key Points Core Viewpoint - The company, Hainan Junda New Energy Technology Co., Ltd., has provided guarantees for its wholly-owned subsidiary, Chuzhou Jietai New Energy Technology Co., Ltd., to secure credit facilities from two banks, with a total guarantee amount of up to RMB 40 million [1][4][5]. Group 1: Guarantee Details - The company has provided a joint liability guarantee for Chuzhou Jietai's application for a credit facility of RMB 20 million from Bohai Bank [1][4]. - Additionally, a similar guarantee of RMB 20 million has been provided for Chuzhou Jietai's application to Zheshang Bank [1][5]. - The guarantees cover all principal, interest, penalties, and related costs associated with the debts incurred by Chuzhou Jietai [4][5]. Group 2: Financial and Operational Overview - Chuzhou Jietai has a registered capital of RMB 120 million and reported total assets of RMB 862.11 million, total liabilities of RMB 629.87 million, and a net asset value of RMB 232.24 million as of December 31, 2024 [2][3]. - The company recorded an operating income of RMB 605.85 million for the year 2024, but reported an operating loss of RMB 28.10 million and a net loss of RMB 22.35 million [2][3]. Group 3: Board of Directors' Opinion - The board believes that providing these guarantees aligns with the company's overall interests and is necessary for the subsidiary's business development, with risks considered manageable [6]. - The total amount of guarantees provided by the company and its subsidiaries has reached RMB 913.76 million, which is 235.08% of the company's audited net assets for the last year [6].

Core Viewpoint - JunDa Co., Ltd. announced that its total external guarantee balance has reached RMB 913.76 million, which accounts for 235.08% of the company's most recent audited net assets [1] Summary by Categories Company Guarantees - The total external guarantee balance of JunDa Co., Ltd. and its subsidiaries is RMB 913.76 million, including the current guarantee [1] - This guarantee amount represents 235.08% of the company's latest audited net assets [1] Legal and Financial Status - There are no overdue guarantees or any litigation related to the guarantees involving the company and its subsidiaries [1]

Group 1 - The company, Junda Co., Ltd. (SZ 002865), announced that as of now, the total external guarantee balance is approximately RMB 9.138 billion, which accounts for 235.08% of the company's audited net assets for the past year [1] - The company and its subsidiaries do not have any overdue guarantees or guarantees involved in litigation [1] - For the first half of 2025, the revenue composition of Junda Co., Ltd. is as follows: photovoltaic cell products account for 99.79%, while other businesses account for 0.21% [1] Group 2 - As of the time of reporting, Junda Co., Ltd. has a market capitalization of RMB 13 billion [1]

Core Points - The Hainan Free Trade Zone concept has seen a rise of 2.20%, leading among concept sectors, with 24 stocks increasing in value, including Hainan Haiyao, which hit the daily limit, and other notable gainers such as Kangzhi Pharmaceutical and Luoniushan [1][2] Group 1: Stock Performance - Hainan Haiyao experienced a significant increase of 10.00%, with a net inflow of main funds amounting to 256.57 million yuan, resulting in a net inflow ratio of 15.70% [3][4] - Other notable performers include Luoniushan, which rose by 7.27% with a net inflow of 156.89 million yuan (net inflow ratio of 13.84%), and Jingliang Holdings, which increased by 6.51% with a net inflow of 88.68 million yuan (net inflow ratio of 14.39%) [3][4] Group 2: Market Trends - The Hainan Free Trade Zone concept attracted a net inflow of 632 million yuan from main funds, with 15 stocks receiving net inflows, and 8 stocks seeing inflows exceeding 30 million yuan [2][3] - The overall market saw contrasting trends, with other sectors like Silicon Energy and Pre-made Dishes experiencing declines of -2.66% and -2.37%, respectively [2]

证券代码：002865 证券简称：钧达股份 公告编号：2025-083 海南钧达新能源科技股份有限公司 关于为全资孙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、担保情况概述 近日，海南钧达新能源科技股份有限公司（以下简称"公司"）为全资孙公 司滁州捷泰新能源科技有限公司（以下简称"滁州捷泰"）向渤海银行股份有限 公司合肥分行申请综合授信额度事项提供连带责任保证担保，担保责任敞口金额 最高为人民币 20,000 万元；为滁州捷泰向浙商银行股份有限公司合肥分行申请综 合授信额度事项提供连带责任保证担保，最高担保余额为人民币 20,000 万元。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。本次担保事项为公司对合并 报表范围内的下属全资孙公 ...

Core Viewpoint - The stock of JunDa Co., Ltd. has shown fluctuations with a recent increase of 2.16%, while the company faces a year-to-date decline of 13.89% in its stock price, indicating potential volatility in the market [1]. Company Overview - JunDa Co., Ltd. is primarily engaged in the research, production, and sales of photovoltaic cells, with its main products including 210-N N-type TOPCon monocrystalline cells and 182-P PERC monocrystalline cells [2]. - The company's revenue composition is heavily reliant on photovoltaic cells, accounting for 99.79% of total revenue, with minimal contributions from other sources [2]. Financial Performance - For the period from January to September 2025, JunDa Co., Ltd. reported a revenue of 5.682 billion yuan, reflecting a year-on-year decrease of 30.72%, while the net profit attributable to shareholders was -419 million yuan, a slight decrease of 0.48% [3]. - The company has distributed a total of 319 million yuan in dividends since its A-share listing, with 255 million yuan distributed over the past three years [4]. Shareholder Information - As of September 30, 2025, the number of shareholders for JunDa Co., Ltd. stood at 45,200, with an average of 4,976 circulating shares per person [3]. - The top ten circulating shareholders include significant entities such as Hong Kong Central Clearing Limited and various ETFs, with changes in their holdings noted [4].