Company Overview - Jinko Technology's stock price increased by 2.07% on August 22, reaching 65.98 CNY per share, with a trading volume of 292 million CNY and a turnover rate of 1.39%, resulting in a total market capitalization of 26.268 billion CNY [1] - The company specializes in the research, production, sales, and service of string inverters, with its main revenue sources being grid-connected inverters (47.97%), household photovoltaic power generation systems (21.28%), energy storage inverters (20.91%), new energy power production (8.01%), and others (1.83%) [1] Financial Performance - For the first half of 2025, Jinko Technology reported a revenue of 3.794 billion CNY, representing a year-on-year growth of 13.09%, and a net profit attributable to shareholders of 602 million CNY, which is a significant increase of 70.96% year-on-year [2] - The company has distributed a total of 660 million CNY in dividends since its A-share listing, with 318 million CNY distributed over the past three years [3] Shareholder Structure - As of August 8, 2025, the number of shareholders increased to 51,800, with an average of 6,206 circulating shares per person, a decrease of 1.74% from the previous period [2] - Notable institutional shareholders include Guangfa High-end Manufacturing Stock A, which is the fifth-largest shareholder with 6.9963 million shares, and E Fund's ChiNext ETF, which is the seventh-largest shareholder with 5.5145 million shares, having decreased its holdings by 139,800 shares [3]

Core Insights - The photovoltaic industry is showing signs of profit recovery in the first half of 2025 after experiencing cyclical fluctuations in 2024 [1] - Nearly half of the 70 listed companies in the A-share photovoltaic equipment sector have disclosed their 2025 semi-annual reports or performance forecasts, with significant year-on-year profit growth reported by several companies [1][2] Industry Performance - Companies such as Hengdian Group DMEGC Magnetics Co., Ltd. and Jinlang Technology Co., Ltd. reported net profit growth rates of 58.94% and 70.96% respectively [1] - Other companies like Qingyuan Technology Co., Ltd. and Jiangsu Youli Intelligent Equipment Co., Ltd. also forecasted year-on-year profit increases for the first half of the year [1] Market Dynamics - The ongoing "anti-involution" policies have alleviated price competition issues within the industry, contributing to improved performance [1][2] - The rise in electricity demand driven by AI is accelerating the development of energy storage devices within the photovoltaic supply chain [1] Price Trends - The price of multi-crystalline silicon N-type raw materials has surpassed 50,000 yuan per ton as of August 20 [2] - A report from Minsheng Securities indicates significant price increases in the main photovoltaic industry chain since July, suggesting a potential return to rational profitability following the implementation of related policies [2]

Core Viewpoint - Jinlong Technologies Co., Ltd. is issuing convertible bonds to raise funds for capacity expansion, research and development, and working capital, while maintaining a stable dividend policy and addressing potential risks associated with the issuance and market conditions [1][2][3]. Group 1: Convertible Bond Issuance - The issuance of convertible bonds complies with relevant laws and regulations, and the company has received a credit rating of AA for the bonds, indicating stable outlook [1][2]. - The bonds are not secured, which may increase risk if significant negative events impact the company's management and repayment ability [1][2]. - The company aims to ensure effective use of raised funds and mitigate the dilution of immediate returns for investors through various measures [19][20]. Group 2: Dividend Policy - The company has a stable dividend distribution policy, committing to distribute at least 10% of the distributable profits as cash dividends annually, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over three years [1][2]. - Recent dividend distributions include cash dividends of 4 yuan per 10 shares in 2022, 2 yuan in 2023, and 2 yuan in 2024, totaling approximately 31.84 million yuan over the last three years [4][5]. Group 3: Financial Performance - The company reported revenues of approximately 588.96 million yuan in 2022 and 610.08 million yuan in 2023, with net profits of 104.26 million yuan and 78.60 million yuan respectively [6]. - The company's gross profit margins have shown fluctuations, with overall gross margins of 33.52%, 32.38%, and 31.78% in recent years, indicating potential challenges in maintaining profitability [9][10]. Group 4: Investment Projects - The funds raised will be allocated to new projects, including the construction of high-voltage power inverters and distributed photovoltaic power stations, which are expected to enhance production capacity significantly [14][16]. - The company anticipates that the new projects will generate substantial annual profits, with expected net profits of approximately 7.73 million yuan and 12.38 million yuan from the new inverter projects [18]. Group 5: Market Risks - The company faces risks from fluctuating market conditions, including potential changes in trade policies and competition in the photovoltaic industry, which could impact sales and profitability [6][7]. - The company must navigate the challenges posed by global market dynamics and domestic policy changes that could affect the demand for its products [9][10].

证券代码：300763 证券简称：锦浪科技 公告编号：2025-075 锦浪科技股份有限公司 关于公司 2025 年度向不特定对象发行可转换公司债 券募集说明书（注册稿）等相关文件更新财务数据的 提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 锦浪科技股份有限公司（以下简称"公司"）向不特定对象发行可转换公司 债券（以下简称"本次发行"）的申请已于 2025 年 8 月 1 日获得深圳证券交易所 上市审核委员会审核通过，具体内容详见公司于 2025 年 8 月 3 日在巨潮资讯网 （http://www.cninfo.com.cn/）披露的相关公告。 鉴于公司 2025 年半年度报告已于 2025 年 8 月 15 日公开披露，按照相关法 规要求，公司会同相关中介机构对募集说明书等申请文件的部分内容进行了相应 的补充、更新和修订，具体内容详见公司同日在巨潮资讯网 （http://www.cninfo.com.cn/）披露的《锦浪科技股份有限公司 2025 年度向不特 定对象发行可转换公司债券募集说明书（注册稿）》等相关文件。 公司本次发行事项尚需 ...

Group 1 - In the second quarter, 23 stocks saw institutional holdings double, with a total market value exceeding 50 million yuan at the end of the period [1] - The top five stocks by end-of-period market value are Huadong Medicine, Enhua Pharmaceutical, Kunming Pharmaceutical, Jinlang Technology, and Xinqianglian, each exceeding 300 million yuan [1] - Zhejiang Huaye leads in holding proportion with 6.19%, while Pona shares and Limin shares also saw significant increases in institutional holdings [1] Group 2 - Huadong Medicine has a comprehensive business covering the entire pharmaceutical industry chain, including pharmaceutical manufacturing, distribution, and medical aesthetics [2] - Jinlang Technology focuses on the renewable energy sector, particularly in photovoltaic power generation, with core businesses in photovoltaic inverters and distributed photovoltaic power generation [2] - Other companies like Alloy Investment and Tongda Power have market values below 4 billion yuan, with Tongda Power engaged in the development and production of electric motors and generators [2] Group 3 - The average increase in stock prices for the 23 stocks since July has exceeded 14%, outperforming the broader market [3] - Pona shares recorded the highest increase at nearly 45%, while Zhejiang Huaye, Dongmu shares, and Cambridge Technology also saw increases exceeding 30% [3] - Several stocks have reached historical highs recently, including Dongmu shares on August 7 [3]

t 1 s 锦浪科技股 202 ts a and and the subject of 6-1-1 - ll p | | | | ················· 第 7-14 页 二、财务报表 … | | --- | | (一) 合并资产负债表 …………………………………………………………………………………… 第 7 页 | | (二)母公司资产负债表 | | (三)合并利润表 … | | (四) 母公司利润表 | | (五) 合并现金流量表 ………………………………………………………………………… 第 11 页 | | (六) 母公司现金流量表……………………………………………………………………… 第 12 页 | | (七) 合并所有者权益变动表… | | (八) 母公司所有者权益变动表 | 三、财务报表附注……………………………………………………………… 第 15—101 页 您可使用手机"21 中广" 6-1-2比酷 丁三亚则滚球对技策运营（3mm//acc.mof.aspx.cn ） 天健审〔2025〕8698号 锦浪科技股份有限公司全体股东: 一、审计意见 我们审计了锦浪科技股份有限公司(以下 ...

国泰海通证券股份有限公司 关于锦浪科技股份有限公司 2025 年度向不特定对象发行可转换公司债券 之 发行保荐书 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二〇二五年八月 锦浪科技股份有限公司 发行保荐书 声 明 本保荐机构及保荐代表人根据《中华人民共和国公司法》（以下简称《公司 法》）、《中华人民共和国证券法》（以下简称《证券法》）、《证券发行上市保荐业 务管理办法》（以下简称《保荐管理办法》）、《上市公司证券发行注册管理办法》 （以下简称《注册管理办法》）、《深圳证券交易所创业板股票上市规则》（以下简 称《上市规则》）等有关法律、行政法规和中国证券监督管理委员会（以下简称 中国证监会）、深圳证券交易所的规定，诚实守信，勤勉尽责，严格按照依法制 订的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证所出具文件 的真实性、准确性和完整性。 如无特殊说明，本发行保荐书中的简称或名词释义与《锦浪科技股份有限公 司 2025 年度向不特定对象发行可转换公司债券募集说明书》一致。 3-1-1 | 声 明 1 | | --- | | 第一节 本次证券发行基本情况 3 | | 一、本次 ...

证券代码：300763 证券简称：锦浪科技 公告编号：2025-075 锦浪科技股份有限公司 关于公司 2025 年度向不特定对象发行可转换公司债 券募集说明书（注册稿）等相关文件更新财务数据的 提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 锦浪科技股份有限公司（以下简称"公司"）向不特定对象发行可转换公司 债券（以下简称"本次发行"）的申请已于 2025 年 8 月 1 日获得深圳证券交易所 上市审核委员会审核通过，具体内容详见公司于 2025 年 8 月 3 日在巨潮资讯网 （http://www.cninfo.com.cn/）披露的相关公告。 锦浪科技股份有限公司 董事会 2025 年 8 月 21 日 公司本次发行事项尚需履行中国证券监督管理委员会（以下简称"中国证监 会"）注册程序，最终中国证监会能否同意注册及其时间尚存在不确定性。公司 将根据本次发行的进展情况，按照相关规定及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告。 鉴于公司 2025 年半年度报告已于 2025 年 8 月 15 日公开披露，按照相关法 规要求 ...

锦浪科技股份有限公司 Ginlong Technologies Co., Ltd. （浙江省象山县经济开发区滨海工业园金通路 57 号） 2025年度向不特定对象发行可转换公司债券 募集说明书 （注册稿） 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二〇二五年八月 股票简称：锦浪科技 股票代码：300763 锦浪科技股份有限公司 募集说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 锦浪科技股份有限公司 募集说明书 重大事项提示 本重大事项提示仅对需投资者特别关注的风险因素及其他重要事项进行提 醒。敬请投资者认真阅读募集说明书"风险因素"一节的全部内容。 一、关 ...

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