证券代码：300393 证券简称：中来股份 编号：2018-02 苏州中来光伏新材股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 中泰证券股份有限公司：邵晶鑫（首席分析师） | | 人员姓名 | | 国泰君安证券股份有限公司：庞均文（分析师） | | | | 海通证券股份有限公司：徐柏乔（高级分析师） | | | | 海通证券股份有限公司：陈佳彬（分析师） | | | | 太平洋证券股份有限公司：刘晶敏（研究员） | | | | 天风证券股份有限公司：李丹丹（分析师） | | | | 深圳市凯丰投资管理有 ...

证券代码：300393 证券简称：中来股份 苏州中来光伏新材股份有限公司投资者关系活动记录表 编号：2019-02 | --- | --- | --- | |--------------|----------------------------|---------------------------------| | | | | | 投资者关系活 | | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | 侯淳：华菁资管（研究员） | | | 及人员姓名 | 彭景环：易同投资（研究员） | | | | 黄义志：景林投资（研究员） | | | | 刘彬：海通资管（投资经理） | | | | 孙威：申万自营（投资经理） | | | | 王凯：洪道投资（研究员） | | | | 范小兵：毅达资本（研究员） | | | | 朱馨远：富国基金（研究员） | | | --- | --- | |--------------------------| ...

Group 1: Convertible Bonds - The company plans to issue convertible bonds totaling up to RMB 1 billion for the investment in a 1.5GW N-type bifacial TOPCon solar cell project, pending shareholder approval [1][2]. Group 2: Project Development - The company is cautious about the early investment in the 2.1GW N-type bifacial solar cell project, which is not yet fully completed, and will assess the situation before proceeding with the convertible bond project [2][3]. Group 3: Market Trends - The company views grid parity for solar power as an inevitable trend that will increase market volume, but emphasizes that it does not imply low entry barriers; continuous technological improvement and project reserves are essential for maintaining competitive advantage [2][3]. Group 4: Business Focus - In 2018, the company's battery business will focus on two main areas: cost reduction and market promotion, aiming to cultivate the market through customer incentives [3]. Group 5: Social Responsibility - The company is involved in poverty alleviation through its subsidiary, implementing an innovative "Precision Poverty Alleviation 3.0" model, collaborating with government, banks, and enterprises to support impoverished households [3]. Group 6: Residential Solar Development - The company is optimistic about the future of residential solar, with its subsidiary already conducting household power station projects in regions like Henan and Shandong, and exploring smart rural initiatives [3].

Group 1: Company Production and Capacity - The company's IPO fundraising project aims for an annual production capacity of 12 million and 16 million square meters of backsheet [3] - The designed production capacity for backsheets is 37.5 million square meters, with a cumulative shipment of over 80 million square meters in the first three quarters of 2017 [3] Group 2: Product Offerings and Market Strategy - The main product is FFC, but the company also sells K and T films to meet diverse customer needs and expand market share [3] - The company produces N-type batteries, which have advantages such as minimal light degradation, dual-sided power generation with front power around 22% and back power around 19%, and better performance in low-light conditions [4] Group 3: Corporate Governance and Shareholding - After the non-public offering, there will be no change in the actual controller of the company, as Lin Jianwei and Zhang Yuzheng are acting in concert [4] - Jiang Xiaowei, who is no longer employed by the company, has independent decision-making regarding any share reduction, and the company has not received any further notifications from him [4] Group 4: Inventory and Sales - The company does not have a specific inventory cycle for its battery products, adjusting safety stock standards based on production and sales conditions [5] - The export volume of backsheet products is relatively small, primarily focusing on domestic sales to large component manufacturers [5] Group 5: Future Industry Outlook - The photovoltaic industry is seen as promising, with the cost of clean energy nearing grid parity, and technological advancements expected to create greater development opportunities [6]

编号：2019-01 证券代码：300393 证券简称：中来股份 苏州中来光伏新材股份有限公司投资者关系活动记录表 | --- | --- | |--------------|----------------------------------------------------------| | | | | 投资者关系活 | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | □现场参观 | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称 | 天风证券股份有限公司：秦培栋（固定收益分析师） | | 及人员姓名 | 上海睿郡资产管理有限公司：丁晨霞（研究员） | | | 天弘基金管理有限公司：王顺利（固定收益研究部研究员） | | | 兴业基金管理有限公司：谢云腾（研究部研究员） | | | 兴全基金管理有限公司：廖宇乐（投资经理） | | | 民生证券股份有限公司：胡玉峰（固定收益投资咨询部执行董 | | | 事） | | | 国信证券股份有限公司：肖彬（权益投资副总监） | | 时间 | 2019 年 5 月 2 ...

编号：2020-01 证券代码：300393 证券简称：中来股份 苏州中来光伏新材股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|----------------------------|--------------------------------------------------------| | | | | | 投资者关系活 | | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 祁禾：易方达基金管理有限公司（基金经理、资深研究员） | | 及人员姓名 | | 贾健：易方达基金管理有限公司（资深研究员） | | | | 刘健维：易方达基金管理有限公司（基金经理） | | | | 刘俊：中国国际金融（香港）有限公司（研究部执行总经理） | | | | 王嵩：中国国际金融（香港）有限公司（研究部经理） | | 时间 | 2020 年 11 月 20 | 日上午 9 ...

Group 1: Company Overview - Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. operates in three main business segments: photovoltaic backsheet, high-efficiency batteries and modules, and photovoltaic application systems [2][3]. - The company has developed a transparent backsheet product since 2018 and launched the "Hauberk" 2.0 version in the first half of 2021, enhancing its market competitiveness [2][3]. Group 2: Performance Metrics - In the first half of 2021, the company achieved a revenue of CNY 2.373 billion, a year-on-year increase of 16.70% [3][4]. - The gross profit margin for the same period was 10.47%, down 10.94 percentage points from the previous year [3][4]. - The net profit attributable to shareholders was CNY 31.08 million, a decrease of 71.87% compared to the same period last year [3][4]. Group 3: Business Segment Performance - Backsheet business revenue reached CNY 806 million, accounting for 33.98% of total revenue, with a year-on-year growth of 41.33% [4]. - Battery and module sales to third parties amounted to 442.41 MW, generating CNY 736 million, which represents 31.03% of total revenue, but a decline of 18.81% year-on-year [4]. - The photovoltaic application systems segment generated CNY 776 million, making up 32.72% of total revenue, with a significant growth of 52.98% year-on-year [4]. Group 4: Market Challenges and Strategies - The company faced supply-demand imbalances in the photovoltaic industry, leading to a 37% increase in silicon wafer prices since the beginning of 2021 [3][4]. - Despite rising costs, the company maintained its commitment to fulfilling overseas orders without any breaches of contract [3][4]. - The company plans to accelerate the construction of new production capacities to achieve early production and full capacity [3][4]. Group 5: Future Outlook and Innovations - The company is expanding its production capacity for TOPCon batteries, with a 1.5 GW production line under construction and a 16 GW high-efficiency battery smart factory project in Shanxi [2][3]. - The company has a strong focus on technology development, with the TOPCon 2.0 process involving nine steps, significantly improving production efficiency [5][6]. - The company aims to enhance its market position in the Middle East by leveraging its product advantages in high-temperature and high-reflectivity environments [6][7].

证券代码：300393 证券简称：中来股份 苏州中来光伏新材股份有限公司投资者关系活动记录表 编号：2021-03 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|--------------------------------------|------------------------------------------------------|--------|-------|-------|---------------------------------------------------------|------------| | | | | | | | | | | 投资者关系活 | 特定对象调研 □分析师会议 | | | | | | | | 动类别 | □媒体采访 □业绩说明会 | | | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | □现场参观 | | | | | | | | | □其他 中信建投证券 | （请文字说明其他活动内容） 任佳玮、东方嘉富资产 | | | | ...

证券代码：300393 证券简称：中来股份 苏州中来光伏新材股份有限公司投资者关系活动记录表 编号：2021-07 | --- | --- | --- | |-----------------------|---------------------------|---------------------------------------------------------| | | | | | 投资者关系活 动类别 | | 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称 | 中信证券 刘锐、西部证券 | 章启耀、华西证券 赵宇鹏、韶夏资本 | | 及人员姓名 | 孙晓冬、神农投资 | Jason | | 时间 | 2021 年 12 月 23 | 日下午 13:30 — 15:30 | | 地点 | 泰州中来光电会议室 | | | 上市公司接待 人员姓名 | | 公司董事会秘书李娜女士、中来光电助理总经理陈嘉先生 | | | 成。 | 本次投资者关系活动由互动 ...

Group 1: Company Overview and Production Capacity - Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. is advancing its TOPCon battery technology, upgrading from TOPCon1.0 to TOPCon2.0, which has fewer processes, lower costs, and higher efficiency potential [1] - The company has ongoing TOPCon battery production capacity projects, including 1.5GW in Taizhou and 16GW in Shanxi [2] - The Taizhou 1.5GW project is set to gradually commence production in October 2021, while the Shanxi 16GW project is in the construction and equipment procurement phase, with the first phase of 8GW expected to start production next year [2] Group 2: Financial and Operational Insights - The estimated investment for a single GW of TOPCon battery capacity is around 200 million yuan, with measures in place to reduce silver paste consumption and explore alternative materials [2] - The company’s backsheet business has an annual production capacity of 170 million square meters, with a gross margin of 18.58% in the first half of the year [3] - Rising raw material costs, particularly for PVDF resin, have impacted backsheet product costs, but the company's FFC coated backsheet products remain competitively priced [3] Group 3: Regulatory and Market Conditions - The "dual control" energy policy has been managed through proactive communication with local governments, ensuring normal electricity supply for production [2] - The company is currently coordinating with intermediaries to respond to the Shenzhen Stock Exchange's inquiries regarding its private placement project, with updates expected after the Q3 report on October 27 [3]