Core Viewpoint - Zhonglai Co., Ltd. has experienced a decline in stock price and significant net outflow of funds, indicating potential challenges in the market despite a slight increase in revenue year-on-year [1][2]. Group 1: Stock Performance - As of September 16, Zhonglai's stock price fell by 2.08% to 6.11 CNY per share, with a total market capitalization of 6.658 billion CNY [1]. - The stock has decreased by 2.24% year-to-date, with a 5.42% drop over the last five trading days and a 2.24% decline over the last 20 days, while showing a 9.50% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Zhonglai reported a revenue of 3.304 billion CNY, reflecting a year-on-year growth of 7.25%, while the net profit attributable to shareholders was -169 million CNY, an increase of 44.83% compared to the previous period [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 1.04% to 53,100, with an average of 17,992 circulating shares per person, which increased by 1.06% [2]. - Since its A-share listing, Zhonglai has distributed a total of 650 million CNY in dividends, with 194 million CNY distributed over the past three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 9.9871 million shares, while Southern CSI 1000 ETF is the eighth largest with 8.0632 million shares, having increased its holdings by 1.5373 million shares [3].

证券代码：300393 证券简称：中来股份 公告编号：2025-055 注：本次担保金额为拟开具保函金额不超过 3,160.80 万美元，参照中国人民银行公布 的 2025 年 9 月 11 日银行间外汇市场人民币汇率中间价 1 美元对人民币 7.1034 元进行折算， 折合人民币约为 22,452.43 万元。 公司本次担保后，为资产负债率大于等于 70%的子公司提供担保的剩余可用 担保额度为 471,188.25 万元，为资产负债率小于 70%的子公司提供担保的剩余 可用担保额度约为 33,547.57 万元。 苏州中来光伏新材股份有限公司 关于为控股子公司提供担保的进展公告 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 苏州中来光伏新材股份有限公司（以下简称"公司"）分别于 2025 年 4 月 24 日召开第五届董事会第十九次会议和第五届监事会第十五次会议、于 2025 年 5 月 16 日召开 2024 年度股东大会，审议通过了《关于 2025 年度为子公司提供 担保额度预计的议案》。担保额度、被担保人基本情况、担保额度调剂情况等 ...

Core Viewpoint - The photovoltaic industry is experiencing significant turmoil, with a high turnover of executives due to various pressures, including financial losses and operational challenges [5][6][18]. Group 1: Executive Changes - On September 2, Zhonglai Co., Ltd. announced the resignation of its chairman, Cao Lu, due to age reasons, marking a notable leadership change in the company [5]. - Over 50 executives have resigned or left their positions in the photovoltaic industry this year, affecting 33 listed companies, with 31 of these being at the chairman or general manager level [8]. - The trend of executive turnover is particularly pronounced among "cross-border" companies and older photovoltaic firms, with many citing personal or age-related reasons for their departures [10][11]. Group 2: Industry Challenges - The photovoltaic sector has seen over 150,000 job losses, with salary cuts, layoffs, and work stoppages becoming commonplace [6]. - Major companies like Longi Green Energy, Trina Solar, and JinkoSolar have also experienced executive changes, indicating widespread instability across the industry [14][15]. - The financial strain is evident, as leading companies reported a combined loss of 201.73 million yuan in the first half of the year, highlighting the harsh realities of the current market environment [18]. Group 3: Future Outlook - Despite the challenges, the industry is viewed as entering a phase where strategic adjustments and personnel restructuring are necessary for future growth [17][18]. - Companies are encouraged to utilize this period of difficulty to optimize their organizational structures and prepare for a potential recovery in the market [18].

证券代码：300393 证券简称：中来股份 公告编号：2025-054 苏州中来光伏新材股份有限公司 2025 年第一次临时股东大会决议公告 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。 特别提示： 1．本次股东大会未出现否决议案的情况； 2．本次股东大会不涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 （一）会议召开情况 苏州中来光伏新材股份有限公司（以下简称"公司"）2025 年第一次临时股 东大会于 2025 年 9 月 11 日下午 14:00 在浙江省杭州市拱墅区滨绿大厦 A 座 21 楼会议室召开，本次会议采取现场投票与网络投票结合的表决方式。其中： （1）现场会议召开时间：2025 年 9 月 11 日（星期四）下午 14:00 其中，通过深圳证券交易所交易系统进行网络投票的时间为：2025年9月11 日9:15-9:25、9:30-11:30和下午13:00-15:00；通过深圳证券交易所互联网投票 系统进行投票的具体时间为：2025年9月11日上午9:15至下午15:00的任意时间。 本次股东大会由公司董事会召集，公司副董 ...

中来股份 2025 年第一次临时股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 苏州中来光伏新材股份有限公司 2025 年第一次临时股东大会 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年九月 中来股份 2025 年第一次临时股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 本法律意见书仅供公司为本次股东大会之目的而使用，不得被任何人用于其 他任何目的。本所同意，公司可以将本法律意见书作为公司本次股东大会公告材 料，随其他需公告的信息一 ...

证券日报网讯9月10日晚间，中来股份（300393）发布公告称，公司董事会同意提名张承宇先生为公司 第五届董事会非独立董事候选人。 ...

证券代码：300393 证券简称：中来股份 公告编号：2025-052 苏州中来光伏新材股份有限公司 关于补选公司董事的公告 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。 苏州中来光伏新材股份有限公司（以下简称"公司"）于 2025 年 9 月 10 日召开第五届董事会第二十三次会议，审议通过了《关于补选第五届董事会非独 立董事的议案》，现将有关情况公告如下： 鉴于曹路先生因年龄原因已辞去公司第五届董事会董事长、董事、战略投资 与可持续发展委员会主任委员（召集人）职务，为了保障公司相关工作的顺利推 进，现经公司控股股东浙江浙能电力股份有限公司提名，并经第五届董事会独立 董事专门会议资格审查，董事会同意提名张承宇先生（简历详见附件）为公司第 五届董事会非独立董事候选人，任期自公司股东会审议通过之日起至第五届董事 会任期届满之日止，并同意将上述事项提交公司股东会审议。 本次补选完成后，公司第五届董事会中兼任公司高级管理人员以及由职工代 表担任的董事总计不超过公司董事人数总数的二分之一，符合相关法律法规的要 求。 特此公告。 苏州中来光伏新材股份有限公司 董 事 ...

证券代码：300393 证券简称：中来股份 公告编号：2025-053 苏州中来光伏新材股份有限公司 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 1．股东会届次：2025年第二次临时股东会。 2．会议召集人：公司董事会。公司董事会于2025年9月10日召开第五届董事 会第二十三次会议审议通过了《关于提请召开2025年第二次临时股东会的议案》， 决定于2025年9月26日（星期五）召开2025年第二次临时股东会。 3．会议召开的合法、合规性：本次股东会的召开符合有关法律法规、深圳 证券交易所业务规则及《公司章程》的规定。 4．会议召开的日期、时间： （1）现场会议召开时间为：2025年9月26日（星期五）下午14:00 （2）网络投票时间为：2025年9月26日 其中，通过深圳证券交易所系统进行网络投票的具体时间为：2025年9月26 日上午9:15-9:25、9:30-11:30和下午13:00-15:00；通过深圳证券交易所互联网 投票系统投票的具体时间为：2025年9月26日上午9: ...

苏州中来光伏新材股份有限公司 证券代码：300393 证券简称：中来股份 公告编号：2025-051 鉴于曹路先生因年龄原因已辞去公司第五届董事会董事长、董事、战略投资 与可持续发展委员会主任委员（召集人）职务，为了保障公司相关工作的顺利推 进，现经公司控股股东浙江浙能电力股份有限公司提名，并经第五届董事会独立 董事专门会议资格审查，董事会同意提名张承宇先生为公司第五届董事会非独立 董事候选人，任期自公司股东会审议通过之日起至第五届董事会任期届满之日止。 第五届董事会第二十三次会议决议公告 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。 本议案已经董事会独立董事专门会议审议通过。具体内容详见同日刊登在中 国证监会指定的创业板信息披露网站上的公司《关于补选公司董事的公告》。 一、董事会会议召开情况 本议案尚需提交公司2025年第二次临时股东会审议。 苏州中来光伏新材股份有限公司（以下简称"公司"）第五届董事会第二十 三次会议于 2025 年 9 月 10 日以通讯方式召开，会议通知于 2025 年 9 月 5 日以 电子邮件、电话等方式送达全体董事，会议应到董事 ...

Core Viewpoint - The company held an online performance briefing to discuss its business situation in the first half of 2025 and future development plans, addressing investor concerns regarding accounts receivable, overseas revenue, and subsidiary business layout [1][2]. Accounts Receivable Growth and Risk Control - The increase in accounts receivable is primarily due to the growth in the photovoltaic application sector, particularly from household distributed photovoltaic EPC business, which has longer project cycles. The company implements measures such as bad debt risk estimation, risk level identification, and strengthened accounts management to control risks [3]. Decline in Overseas Revenue and Response Strategy - The company's overseas revenue decreased in the first half of 2025 due to supply-demand mismatches, intense competition, and low prices in the photovoltaic industry. The company is upgrading its overseas business model from "product output" to a full value chain output of "technology + brand + service" to enhance brand influence and accelerate global expansion [4]. Role of Subsidiaries and Development Plans - The company's photovoltaic auxiliary materials, high-efficiency batteries, and components, as well as photovoltaic application businesses, are mainly handled by its subsidiaries. The company will monitor market dynamics and adjust its strategies accordingly during the current cyclical adjustment in the photovoltaic industry [5]. Growth and Outlook of Photovoltaic Application Systems - The company continues to expand its EPC business client base, winning multiple household photovoltaic EPC projects, leading to rapid growth in the photovoltaic application systems sector. This sector is expected to leverage its core competitive advantages, although it may still be affected by policies and industry conditions [6]. Customization and Cost of Household Distributed Business - Due to differences in residential housing types between northern and southern China, the company has introduced diversified installation solutions for household distributed photovoltaic power stations, with customization having a minimal impact on operational costs [7]. Industry Consolidation Trends and Company Plans - The national and industry associations are promoting the reduction of "involution" in the photovoltaic industry, with capacity consolidation being a key approach. The company will focus on strengthening its technological advantages, expanding its market presence, and enhancing competitiveness [8]. Full-Year Performance Expectations - The company has narrowed its loss margin in the first half of the year, but the photovoltaic industry remains in a cyclical adjustment phase, leading to potential performance volatility for the full year. The company will concentrate on its core business and enhance competitiveness [9]. Wind Power and Energy Storage Layout - The company is primarily focused on distributed and centralized photovoltaic power station businesses, while wind power and energy storage projects are in the exploratory layout stage, with some wind power project resources already acquired [10]. Lightweight Component Production Planning - The existing component production lines are compatible with the production of lightweight components. The company plans to rationally design the production capacity for lightweight component packaging based on market demand [11]. Challenges and Responses in Backing Business - The backing business faces challenges such as intensified market competition and increased overseas trade barriers. The company will promote research and development innovation, improve quality and reduce costs, and focus on market trends to address trade barriers [13].