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 ...

Industry Overview - The photovoltaic industry is gradually stabilizing through policy guidance, technological iteration, and capacity elimination, with many institutions indicating that a bottoming signal has been released [1] - Various securities firms predict that 2025 will mark the bottom of the photovoltaic cycle, with a recovery phase expected in the first half of 2025 due to demand recovery and supply-side optimization [1][2] - The overall improvement in the industry's fundamentals suggests that companies with comparative advantages in various segments will exhibit greater growth elasticity [1] Company Focus: Junda Co., Ltd. - Junda Co., Ltd. is a leading manufacturer of photovoltaic cells, gaining attention due to its global layout and technological barriers that provide core drivers for valuation recovery [1][4] - The company's overseas market revenue share increased from 4.69% in 2023 to 23.85% in 2024, and is expected to reach 58% in the first quarter of 2025, demonstrating strong growth [5] - Despite facing overall industry profit compression, Junda Co., Ltd. achieved a quarter-on-quarter increase in net profit attributable to shareholders of 39.23% and 43.25% for non-recurring net profit in Q1 2025 [5] Technological Advancements - Junda Co., Ltd. is the largest manufacturer of N-type TOPCon cells globally, with its self-developed "MoNo2" series achieving a conversion efficiency of 26.5% and a bifacial rate of 90% [6] - The company has a research and development team of 827 people, accounting for 26.1% of its total workforce, and has established an innovative system that includes pre-research, testing, and mass production [6] - Junda Co., Ltd. is also collaborating on the development of perovskite tandem cells, with laboratory efficiencies reaching 31%, positioning itself advantageously in the next generation of battery technology [6] Capital Strategy - The company plans to raise approximately HKD 15.54 billion through its Hong Kong listing, with 75% allocated to the construction of a 5GW high-efficiency battery project in Oman [7] - This project is strategically located to benefit from a 10% tariff advantage for exports to the U.S., with estimated profitability exceeding 7 cents per watt [7] - The dual listing enhances Junda Co., Ltd.'s international brand recognition and financing flexibility, while the liquidity advantage of the Hong Kong market supports future R&D and mergers [8] Conclusion - Junda Co., Ltd.'s strategy reflects a shift in the photovoltaic industry from "scale expansion" to "fine-tuning," emphasizing the importance of technological advantages and global capacity layout [9] - The combination of technological leadership and global execution capabilities is expected to allow Junda Co., Ltd. to stand out during the industry's recovery phase, leading to a potential "Davis double play" in performance and valuation [9]

Group 1 - The core viewpoint of the news is the performance of the China Securities Hainan Development Theme Index, which has seen a decline of 8.16% in the past month, 6.18% in the past three months, and 11.99% year-to-date [1] - The index reflects the overall performance of listed companies in Hainan Province, with a base date of December 31, 2012, set at 1000.0 points [1] - The top ten weighted companies in the index include Hainan Airport (11.25%), Zhongtung High-tech (8.34%), Hainan Rubber (7.33%), and others, indicating a diverse representation of sectors [1] Group 2 - The industry composition of the index shows that materials account for 22.33%, consumer staples for 20.37%, and industrials for 19.26%, highlighting the sectoral distribution within the index [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring that the index remains reflective of the market [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes significant corporate changes [2]

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。 2024年2月6日，公司向香港联交所递交了本次发行上市的申请，并于同日在香港联交所网站刊登了本次 发行上市的申请版本资料。按照本次发行上市的时间安排并根据香港联交所的相关规定，公司分别于 2024年10月14日、2025年4月15日更新递交了本次发行上市的申请，并于同日在香港联交所网站刊登了 更新申请资料。 公司于2024年5月17日收到中国证券监督管理委员会（以下简称"中国证监会"）出具的《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》（国合函〔2024〕1047号）。关于本次发行上市的 相关进展具体内容详见公司在巨潮资讯网披露的公告。 2025年4月28日，公司按照有关规定在香港联交所网站刊登并派发本次发行上市H股招股说明书，该H股 招股说明书为根据适用的香港法律法规和香港联交所、香港证券及期货事务监察委员会的相关规范及要 求而刊发，其包含的部分内容可能与公司先前根据中国法律法规准备或者刊发的相关文件存在一 ...