证券代码：300274 证券简称：阳光电源 公告编号：2025-056 阳光电源股份有限公司 关于使用闲置募集资金购买理财产品的进展公告（四十八） 本公司及董事会全体成员保证公告内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 公司召开第五届董事会第九次会议审议通过了《关于继续使用暂时闲置募集 资金购买理财产品的议案》，保荐机构出具了同意的核查意见。 本次赎回理财产品无须提交公司董事会审议。 四、投资风险与控制措施 尽管理财产品属于低风险投资产品，但金融市场受宏观经济、财政及货币政 策的影响较大，不排除该项投资可能受到市场波动的影响。公司将根据具体经济 阳光电源股份有限公司（以下简称"公司"）于 2024 年 8 月 23 日召开第五届 董事会第九次会议，审议通过了《关于继续使用暂时闲置募集资金购买理财产品 的议案》，为提高募集资金使用效率，进一步增加公司收益，同意公司继续使用 额度不超过人民币 65,000 万元的闲置募集资金购买理财产品，在上述额度范围 内资金可以循环滚动使用，使用期限自公司董事会审议通过之日起不超过 12 个 月。具体内容详见公司于巨潮资讯网披露的《关于继续使用暂时闲置募集 ...

证券代码：300274 证券简称：阳光电源 公告编号：2025－057 阳光电源股份有限公司 特此公告。 阳光电源股份有限公司董事会 2025 年 6 月 13 日 阳光电源股份有限公司（以下简称"公司"）自愿披露2024年年度报告（英文 简版）《2024 Annual Report(Concise Version in English)》。在对上述报告的理解 与公司《2024年年度报告》中文版本发生歧义时，请以公司披露的中文版本为准。 具体详见公司同日在中国证监会指定的创业板信息披露网站巨潮资讯网披 露的内容。 关于2024年年度报告（英文简版）的自愿性披露公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 ...

Core Viewpoint - CATL officially announced the mass production of the next-generation large-capacity energy storage cell, the 587Ah cell, at the "Real Energy" event, emphasizing the creation of real value and exploring optimal solutions for the next generation of energy storage cells [1][2]. Group 1: Product Development and Features - The 587Ah cell has undergone three years of research and testing, achieving a balance between legal compliance, system integration, and electrochemistry [2]. - The integration space utilization of the 587Ah cell has seen significant breakthroughs, reducing the total number of system components from 30,000 to 18,000 while adhering to transportation weight limits [2]. - The 587Ah cell has improved safety, energy density, lifespan, and system efficiency, with a 5% increase in lifecycle return on investment compared to the previous generation [2]. Group 2: Performance and Reliability - The energy density of the 587Ah cell reaches 434Wh/L, a 10% increase from the previous generation, with a system energy density improvement of 25% [3]. - The initial round-trip energy efficiency (RTE) of the cell is 96.5%, achieved through breakthroughs in mechanical structure, chemical systems, and electrode design [3]. - The cell's reliability has been significantly enhanced, with a fault rate an order of magnitude lower than traditional stacked batteries [4]. Group 3: Safety Features - The 587Ah cell incorporates a "three-dimensional defense system" with a safe electrolyte, non-diffusing anode, and heat-resistant isolation membrane, ensuring no fire or explosion under extreme conditions [4]. - The cell has passed national safety standards, maintaining a zero-accident record across over 1000 energy storage projects globally [4]. Group 4: Market Context - Just days before CATL's announcement, Sungrow launched its own 684Ah stacked cell, highlighting the competitive landscape in the energy storage sector [4].

Core Viewpoint - CATL officially announced the mass production of the next-generation large-capacity energy storage cell, the 587Ah cell, emphasizing the creation of real value and exploring optimal solutions for the next generation of energy storage cells [1][4]. Group 1: Product Features - The 587Ah cell has undergone three years of research and testing, achieving a balance between legal compliance, system integration, and electrochemistry [2]. - The cell improves space utilization in integration, reducing the total number of system components from 30,000 to 18,000 while adhering to transportation weight limits [2]. - Key performance metrics include a 10% increase in energy density to 434Wh/L and a 25% increase in system energy density compared to the previous generation [5]. Group 2: Reliability and Safety - The 587Ah cell features a significant reduction in self-discharge rates and a lower failure rate compared to traditional stacked batteries [5]. - A three-dimensional defense system ensures safety under various conditions, achieving compliance with national safety standards [5]. - The cell has maintained a zero-accident record across over 256GWh deployed in more than 1,000 energy storage projects globally [5]. Group 3: Competitive Landscape - Just five days before CATL's announcement, Sungrow launched its own 684Ah stacked cell, highlighting the competitive nature of the energy storage market [6].

插播 ： 6月10日的"2025年全球用户侧储能产业价值峰会暨应用示范展"圆满收官，演讲嘉宾PPT，点击 "阅读原文 " 了解详情 冠军与冠军之间的较量开启了。 在储能行业加速迈向大电芯时代的节点上，两大龙头——宁德时代与阳光电源——几乎同时亮出了自己的答案。前者以587Ah电芯实现量产交付， 后者则深度联合供应商推出684Ah电芯的储能系统。 这场被外界渲染为"王者对决"的技术路线选择，在实际的商业决策中呈现出更为复杂的样貌。 在这场较量中，当下最焦虑的并非两位主角。阳光电源已经完成了技术路线的押注，宁德时代也实现了量产交付的实质性突破。真正面临抉择困境 的，是电芯制造商和系统集成商们，他们必须评估：587Ah or 684 Ah？怎么选才能利益最大化？是跟随电芯巨头的脚步，还是押注龙头系统集成 商的新标准？这种选择不仅关乎短期利益，更可能影响企业在下一代技术竞争中的站位。 ■ 中长期下的三种结局推演 行家说储能认为，587Ah与684Ah电池路线的竞争短期内难分高下，将保持胶着状态，而中长期内将可推演出以下三种结果： 1. 阳光电源684Ah路线胜出 若684Ah应用规模上量，技术趋向成熟稳定，可能形成" ...

Core Viewpoint - The solar energy storage industry competition has evolved from a "single cost competition" to a "system value competition" as highlighted by the company at the SNEC exhibition forum [1] Group 1: Industry Insights - The solar penetration rate has reached nearly 30%, leading to challenges in energy consumption [1] - The company has introduced the 1+X 2.0 modular inverter and 400kW+ high-power string inverter based on the 5A integration concept to reconstruct system value [1] - In the energy storage sector, the company launched the PowerTitan 3.0 smart storage platform, utilizing modular cluster technology to address diverse global demands [1] Group 2: Technological Advancements - The company has pioneered the "Grid to Cell" grid-oriented design in its energy storage solutions [1] - Experts emphasize the need to focus on optimizing the cost per kilowatt-hour, enhancing grid support capabilities, and maximizing overall cycle returns to navigate through industry cycles [1] - With 28 years of technological accumulation, the company is driving the industry towards a "value symbiosis" transformation [1]

Core Insights - The SNEC 2025 exhibition has been dubbed the "Spring Festival of Energy Storage," showcasing numerous new products and highlighting industry trends towards the next generation of energy storage cells [1][3]. Group 1: Industry Trends - The competition for defining the third-generation energy storage cells has intensified, with major players like Sungrow and CATL launching products with significant capacity improvements [3][5]. - Energy storage inverters are evolving to adapt to the third-generation energy storage cells, with modular designs becoming mainstream to meet project-specific needs [3]. - The energy storage system design is shifting towards modular and platform-based solutions, breaking the boundaries between commercial and large-scale storage products [3]. Group 2: Product Launches - CATL announced the mass production of its 587Ah energy storage cell, which boasts a 10% increase in energy density compared to the previous generation [5][7]. - Sungrow unveiled the PowerTitan 3.0, featuring a 12.5MWh capacity in its Plus version, which is the largest globally, and incorporates advanced energy management features [8][10]. - Various companies, including GCL-Poly, Hicharge, and others, showcased innovative energy storage solutions, such as all-in-one storage cabinets and large-scale liquid-cooled systems [4][46][67]. Group 3: Technological Innovations - The introduction of self-healing electrolyte technology in CATL's 587Ah cell enhances its lifespan and efficiency, with a projected ROI improvement of 5% over previous models [7]. - The modular design of energy storage systems allows for flexible scaling and adaptation to different operational scenarios, as demonstrated by multiple exhibitors [19][22]. - The integration of AI and digital management systems in energy storage solutions is becoming a key focus, enhancing operational efficiency and predictive maintenance capabilities [25][70]. Group 4: Strategic Collaborations - Several companies, including Desay Battery and Huaneng, have formed strategic partnerships to enhance their market presence and technological capabilities in energy storage [60][92]. - The exhibition has seen numerous collaborations aimed at expanding global business footprints, particularly in emerging markets [25][88].

Core Viewpoint - The photovoltaic industry is experiencing a recovery in prices and profitability due to industry self-discipline, production limits, and the elimination of outdated capacity, leading to an improved supply-demand balance [1][2]. Group 1: Market Performance - As of June 11, 2025, the CSI Photovoltaic Industry Index (931151) rose by 1.28%, with notable increases in constituent stocks such as Aiko Solar (600732) up 9.44%, and LONGi Green Energy (601012) also seeing gains [1]. - The Photovoltaic ETF (159863) increased by 0.93%, with a recent price of 0.43 yuan, and has accumulated a 1.42% rise over the past week [1]. Group 2: Industry Dynamics - The recent stabilization and rebound in prices for silicon materials and wafers, along with strong demand for N-type solar cells, are contributing to the recovery of profitability for related companies [1]. - The National Energy Administration's new management measures for distributed photovoltaic power generation are expected to enhance industry order and promote high-quality development, instilling long-term confidence in the market [1]. Group 3: Investment Insights - According to a report from China International Capital Corporation (CICC), the photovoltaic sector's valuation remains at historical lows, indicating strong investment potential [1]. - With the traditional installation peak season approaching in the third quarter, the photovoltaic industry chain is likely to enter a new cycle of prosperity, suggesting further upside for related stocks [1]. Group 4: Index Composition - The CSI Photovoltaic Industry Index includes up to 50 representative listed companies involved in the photovoltaic industry chain, with the top ten weighted stocks accounting for 56.2% of the index [2]. - The top ten stocks include LONGi Green Energy (601012), TCL Technology (000100), and Sungrow Power Supply (300274) among others [2].

随着136号文取消强制配储，储能行业从政策驱动转向市场化交易驱动，业主和开发商更加注重产品的安全、性能和效率。 时隔两年，阳光电源（300274.SZ）再发重磅产品。公司近日在合肥总部智能工厂发布储能系统平台PowerTitan3.0，以684Ah大电芯容量刷新行业可量产纪 录，这一容量相当于目前主流314Ah电芯的两倍多。 新一代储能平台产品打破了固定集装箱尺寸的限制，推出10英尺Flex版、20英尺Class版和30英尺Plus版系列产品，续航时长2-12小时，在零下40度低温至55 度高温以及海拔5000米的极端环境下，相比于同类产品效率普遍衰减15%以上，仍能稳定运行。 随着《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》（发改价格〔2025〕136号，下称"136号文"）取消强制配储，储能行业从政策驱 动转向市场化交易驱动，业主和开发商更加注重产品的安全、性能和效率。"这种情况下，对优等生来讲是经营，对劣等生就是挑战。"国家电网能源研究院 原副院长吴兆光说。 "强制配储的时代结束了，储能产品要回归价值导向。"阳光电源副总裁、储能事业部总裁徐清清表示，继136号文后，国内电力交易市场热度 ...

Core Viewpoint - The ChiNext 50 Index is experiencing a strong upward trend, with significant gains in constituent stocks, indicating a positive market sentiment towards growth-oriented companies in the ChiNext sector [2][3]. Group 1: Index Performance - As of June 9, 2025, the ChiNext 50 Index (399673) rose by 1.41%, with notable increases in stocks such as Tianfu Communication (300394) up 7.03% and Tiger Medical (300347) up 5.68% [2]. - The ChiNext 50 ETF (159367) also saw a rise of 1.47%, with a latest price of 0.97 yuan, and a cumulative increase of 2.26% over the past week [2]. Group 2: Trading and Liquidity - The ChiNext 50 ETF recorded a turnover rate of 0.59% during the trading session, with a transaction volume of 24.10 thousand yuan [2]. - Over the past year, the average daily trading volume for the ChiNext 50 ETF was 538.65 thousand yuan [2]. Group 3: Return and Drawdown - Since its inception, the ChiNext 50 ETF has achieved a maximum monthly return of 3.14%, with an average monthly return of 1.79% during rising months [2]. - The relative drawdown since inception is 1.34% compared to its benchmark [2]. Group 4: Fee Structure - The management fee for the ChiNext 50 ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [2]. Group 5: Valuation Metrics - The ChiNext 50 Index is currently valued at a historical low with a price-to-book (PB) ratio of 4.21, which is below 81.19% of the time over the past five years, indicating attractive valuation [3]. - The index comprises 50 stocks with high liquidity and market capitalization, reflecting the overall performance of well-known companies in the ChiNext market [3]. Group 6: Top Holdings - As of May 30, 2025, the top ten weighted stocks in the ChiNext 50 Index account for 65.6% of the index, including Ningde Times (300750) at 24.47% and Dongfang Wealth (300059) at 10.62% [3][5].