Core Viewpoint - Hainan Junda New Energy Technology Co., Ltd. has approved a proposal to conduct foreign exchange hedging activities with a limit not exceeding 1.9 billion yuan or equivalent in other currencies, aimed at mitigating exchange rate risks [1] Group 1: Business Details - The proposed hedging activities include forward foreign exchange contracts, swaps, options, and their combinations, with a duration of 12 months from the board's approval date [1] - The funding for these activities will come from the company's own funds, and the business is designed to avoid speculative arbitrage [1] Group 2: Risk Management - Although the primary goal is to hedge against exchange rate risks, the company acknowledges potential risks including exchange rate fluctuations, internal control issues, performance risks, and legal risks [1] - The company has established relevant systems and implemented risk control measures, and will account for these activities according to accounting standards [1] Group 3: Governance - The matter does not require submission for shareholder meeting approval, indicating a streamlined decision-making process within the company [1]

证券代码：002865 证券简称：钧达股份 公告编号：2025-070 海南钧达新能源科技股份有限公司 关于公司及控股子公司开展外汇套期保值业务的公告 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： 6、风险提示：公司开展外汇套期保值业务将遵循合法、谨慎、安全和有效的原则， 不从事以投机为目的的衍生品交易，但仍会存在汇率波动风险、内部控制风险、履约风险 及法律风险，敬请广大投资者注意投资风险。 海南钧达新能源科技股份有限公司（以下简称"公司"）于2025年9月28日召开第五 届董事会第三次会议，审议通过《关于公司及控股子公司开展外汇套期保值业务的议案》， 现将相关情况公告如下： 一、开展外汇套期保值业务概述 （一）交易目的：为有效规避和防范外汇风险，降低汇率大幅波动对公司及控股子公 司经营造成的不利影响，增强财务稳健性，公司及控股子公司拟开展外汇套期保值业务。 拟开展的外汇套期保值业务是为了满足正常经营需要，以规避和防范汇率风险为目的，不 进行单纯以盈利为目的的投机和套利交易。 （二）交易金额及授权：公司及控股子公司本次拟开展的外汇套期保值业务 ...

海南钧达新能源科技股份有限公司 关于公司及控股子公司 开展外汇套期保值业务的可行性分析报告 一、开展外汇套期保值业务的背景 海南钧达新能源科技股份有限公司（以下简称"公司"）及控股子公司为有效规避和 防范外汇风险，降低汇率大幅波动对公司及控股子公司经营造成的不利影响，增强财务稳 健性，公司及控股子公司拟开展外汇套期保值业务。拟开展的外汇套期保值业务是为了满 足正常经营需要，以规避和防范汇率风险为目的，不进行单纯以盈利为目的的投机和套利 交易。 二、开展外汇套期保值业务的基本情况 （六）拟开展外汇套期保值的合作机构：经国家外汇管理局和中国人民银行批准，具 有外汇套期保值交易业务经营资格的银行等金融机构。 三、开展外汇套期保值业务的必要性和可行性分析 公司及控股子公司拟开展外汇套期保值业务是为了有效规避和防范外汇风险，降低汇 率大幅波动对公司及控股子公司经营造成的不利影响，增强财务稳健性，具有必要性。 （一）交易目的：为有效规避和防范外汇风险，降低汇率大幅波动对公司及控股子公 司经营造成的不利影响，增强财务稳健性，公司及控股子公司拟开展外汇套期保值业务。 拟开展的外汇套期保值业务是为了满足正常经营需要，以规避和防 ...

9月29日，钧达股份盘中上涨2.15%，截至13:08，报42.35元/股，成交1.56亿元，换手率1.66%，总市值 123.91亿元。 分红方面，钧达股份A股上市后累计派现3.19亿元。近三年，累计派现2.55亿元。 机构持仓方面，截止2025年6月30日，钧达股份十大流通股东中，万家品质生活A（519195）位居第七 大流通股东，持股320.60万股，相比上期减少133.01万股。香港中央结算有限公司位居第八大流通股 东，持股265.39万股，相比上期增加28.07万股。光伏ETF（515790）位居第十大流通股东，持股188.93 万股，为新进股东。万家臻选混合A（005094）、万家新兴蓝筹A（519196）退出十大流通股东之列。 责任编辑：小浪快报 今年以来钧达股份已经2次登上龙虎榜，最近一次登上龙虎榜为3月31日，当日龙虎榜净买入-4419.29万 元；买入总计7158.85万元 ，占总成交额比12.43%；卖出总计1.16亿元 ，占总成交额比20.10%。 资料显示，海南钧达新能源科技股份有限公司位于海南省海口市南海大道168号海口保税区内海南钧达 大楼,香港铜锣湾勿地臣街1号时代广场2座31 ...

中国经济网北京9月26日讯 钧达股份(002865.SZ, 02865.HK)A股今日收报41.46元，跌幅1.54%； H股今日收报19.28港元，创港股上市以来股价新低，跌幅2.38%。目前，钧达股份H股处于破发状态； A股股价跌破2023年定增的增发价。 钧达股份（02865.HK）2025年5月8日在港交所上市，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。 （责任编辑：徐自立） 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 Markets。 钧达股份的最终发售价为22.15港元，所得款项总额为1,405.03百万港元，扣除按最终发售价计算 的估计应付上市开支 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **polysilicon industry** and its dynamics within the **photovoltaic (PV) sector** [1][2][3]. Core Insights and Arguments - **Energy Consumption Standards**: New energy consumption standards may reduce effective polysilicon production capacity by **30%**, down to **2.4 million tons/year**. Non-compliant companies may face rectification or shutdown [1][3]. - **Price Dynamics**: Polysilicon market prices are polarized; resources priced below **52,000 CNY/ton** are in high demand, while those above **53,000 CNY/ton** face limited acceptance. This is attributed to cautious price transmission from components and anticipated hydropower reductions [1][4]. - **Anti-Competition Policies**: The government has strengthened anti-competition policies, introducing penalties for below-cost dumping, which is deemed unfair pricing. This has led to a more robust internal price feedback mechanism [1][5]. - **Profitability Potential**: The average price of polysilicon is approximately **50,000 CNY/ton**, with a cash cost of about **27,000 CNY/ton**, allowing for a net profit of **7,000 CNY/ton**. However, the industry's operating rate is below **70%**, impacting profitability [1][6]. - **Supply Chain Reforms**: Expectations for supply-side reforms in the PV industry are increasing, with a clear logic for price recovery. The commitment to anti-competition measures is crucial for restoring a healthy market structure [1][7]. Additional Important Content - **Recent Price Adjustments**: As of September 5, domestic polysilicon prices have increased, with rod silicon priced at **55,000 CNY/ton** and granular silicon at **49,000 CNY/ton**. The PV sector has shown good performance, primarily driven by energy storage [1][8]. - **Challenges in the Industry**: The polysilicon industry faces challenges such as low operating rates, increased fixed costs due to depreciation, and ongoing losses for some manufacturers despite cost optimization efforts [1][11]. - **Investment Recommendations**: The industry is expected to experience a supply-demand turning point due to anti-competition measures. Key investment areas include polysilicon materials and PV glass, with specific companies recommended for attention [1][14][15]. Conclusion - The polysilicon industry is undergoing significant changes driven by new regulations and market dynamics. The focus on anti-competition measures and supply-side reforms is expected to lead to improved profitability and a healthier market structure in the photovoltaic sector.

Summary of Key Points Core Viewpoint - The company, Hainan Junda New Energy Technology Co., Ltd., has provided a guarantee of RMB 100 million for its wholly-owned subsidiary, Chuzhou Jietai New Energy Technology Co., Ltd., to secure a credit facility from Shanghai Pudong Development Bank [1][2]. Group 1: Guarantee Details - The guarantee is for a credit facility of RMB 100 million, with specific terms outlined in the guarantee contract [1]. - The company has approved a total guarantee limit of RMB 1.4 billion for its subsidiaries, which does not require further board or shareholder approval for this specific guarantee [1][4]. Group 2: Subsidiary Information - Chuzhou Jietai was established on December 14, 2021, with a registered capital of RMB 120 million [2][3]. - The subsidiary's total assets as of December 31, 2024, are RMB 862.11 million, with total liabilities of RMB 629.87 million, resulting in a net asset value of RMB 232.24 million [2]. - The subsidiary reported an operating income of RMB 605.85 million for the year 2024, but incurred an operating loss of RMB 28.10 million and a net loss of RMB 22.35 million [2]. Group 3: Overall Guarantee Status - The total amount of guarantees provided by the company and its subsidiaries is RMB 921.76 million, which represents 237.14% of the company's most recent audited net assets [4]. - There are no overdue guarantees or guarantees related to litigation [4].

Group 1 - The company, Junda Co., Ltd. (02865.HK), announced that its wholly-owned subsidiary, Chuzhou Jietai New Energy Technology Co., Ltd., has applied for a comprehensive credit line of RMB 100 million from Shanghai Pudong Development Bank Co., Ltd., Chuzhou Branch [1] - The company will provide a joint liability guarantee for the credit line application, with specific guarantee matters to be determined by the guarantee contract [1]

海南钧达新能源科技股份有限公司（以下简称"公司"）为全资子公司滁州捷 泰新能源科技有限公司（以下简称"滁州捷泰"）向上海浦东发展银行股份有限公 司滁州分行申请办理的综合授信敞口额度人民币 10,000 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子公司提供担保，在审议批准的额度范围内，无需 再提交董事会或股东会审议。 证券代码：002865 证券简称：钧达股份 公告编号：2025-068 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 二、被担保人的基本情况 1、公司名称：滁州捷泰新 ...

Core Viewpoint - The company, Junda Co., announced a guarantee for a credit facility of RMB 100 million for its wholly-owned subsidiary, Chuzhou Jietai New Energy Technology Co., Ltd, from Shanghai Pudong Development Bank Chuzhou Branch, within a total expected guarantee limit of RMB 1.4 billion approved by the board and shareholders [1] Financial Summary - As of December 31, 2024, Chuzhou Jietai's total assets amounted to RMB 862.11 million, total liabilities were RMB 629.87 million, and net assets stood at RMB 232.24 million [1] - For the fiscal year 2024, the company's operating revenue was RMB 605.85 million, while it reported a net loss of RMB 22.35 million [1] Guarantee and Liability Overview - The cumulative amount of guarantees provided by the company and its wholly-owned and subsidiary companies is RMB 921.76 million, which represents 237.14% of the company's most recent audited net assets [1] - There are currently no overdue guarantees or guarantees involved in litigation [1]