证券代码：300763 证券简称：锦浪科技 公告编号：2025-057 锦浪科技股份有限公司 关于子公司为子公司提供担保的公告 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。 一、担保情况的概述 为满足锦浪科技股份有限公司（以下简称"公司"）全资孙公司宁波市启展 新能源有限公司（以下简称"宁波启展"）、宁波市中茂新能源有限公司（以下 简称"宁波中茂"）、宁波市宏佳新能源有限公司（以下简称"宁波宏佳"）、 宁波市宏坚新能源有限公司（以下简称"宁波宏坚"）、宁波市启兴新能源有限 公司（以下简称"宁波启兴"）、宁波市中卓新能源有限公司（以下简称"宁波 中卓"）、宁波市旭振新能源有限公司（以下简称"宁波旭振"）、宁波市旭泓 新能源有限公司（以下简称"宁波旭泓"）、宁波市旭禹新能源有限公司（以下 简称"宁波旭禹"）、宁波市日易新能源有限公司（以下简称"宁波日易"）的 生产经营需求，公司全资子公司宁波锦浪智慧能源有限公司（以下简称"锦浪智 慧"）于 2025 年 5 月 29 日就为上述 10 家项目公司与中国农业银行股份有限公 司象山支行（以下简称"农业银行"）申请的 ...

Core Viewpoint - The report from CICC indicates that inverter exports have shown a month-on-month increase in April, with significant growth in exports to Europe, particularly Germany and the Netherlands, while also highlighting the recovery in demand from Eastern Europe [1][2]. Export Data Summary - In April, inverter exports to Europe increased, with Germany's exports at $0.94 billion, up 167% year-on-year and 48% month-on-month, and the Netherlands at $1.62 billion, flat year-on-year but up 63% month-on-month [2]. - Exports to Eastern Europe showed rapid growth, with Czech Republic exports at $0.17 billion, up 96% year-on-year and 200% month-on-month [2]. - In the Americas, exports to the U.S. were $0.2 billion, down 11% year-on-year and 18% month-on-month, primarily due to tariff policy fluctuations, while exports to Brazil were $0.4 billion, down 42% year-on-year and 13% month-on-month [2]. - Emerging markets showed mixed results, with India at $0.4 billion, down 2% year-on-year and 16% month-on-month, while Pakistan's exports were $0.5 billion, up 2% year-on-year and 25% month-on-month, and Vietnam at $0.1 billion, up 58% year-on-year and 2% month-on-month [2]. Regional Export Performance - All provinces in China reported month-on-month increases in export amounts in April, indicating a positive demand outlook [3]. - Jiangsu's exports were $1.02 billion, up 12% year-on-year and 24% month-on-month; Zhejiang's exports were $1.95 billion, up 22% year-on-month and 23% month-on-month; Guangdong's exports were $2.87 billion, up 3% year-on-year and 25% month-on-month [3]. - Jiangsu and Zhejiang, focusing on household inverters, showed larger month-on-month increases compared to provinces exporting larger inverters, with expectations for continued growth in May and June [3]. Price Trends - The average export price per unit of inverters increased in April, driven by a higher proportion of commercial storage products, which typically have larger power ratings [4]. - Domestic prices for grid-connected inverters remained stable from March to April, with prices for 20KW, 50KW, and 110KW inverters at 0.14, 0.13, and 0.12 yuan/W respectively [4]. Investment Recommendations - The expectation is for inverter companies to achieve month-on-month growth in shipments in Q2, with a focus on companies with lower exposure to the U.S. market and higher shares in Europe and emerging markets [5]. - Recommended companies include YN Technology (688348.SH) and Jinlang Technology (300763.SZ), with related stocks including Deye Co., Ltd. (605117.SH) and GoodWe (683901.SH) [5].

证券代码：300763 证券简称：锦浪科技 公告编号：2025-056 锦浪科技股份有限公司 2024 年年度权益分派实施公告 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。 股，不进行资本公积金转增股本。若预案公告后至实施期间，公司总股本因可转 债转股、股份回购、股权激励行权、再融资新增股份上市等原因而发生变化的， 公司将按照分配比例不变的原则对分配总额进行相应调整。 2、自分配方案披露至实施期间公司股本总额未发生变化。 3、本次实施的分配方案与股东大会审议通过的分配方案一致。 4、本次权益分派距离 2024 年年度股东大会审议通过利润分配方案的时间未 超过两个月。 特别提示： 1、锦浪科技股份有限公司（以下简称"公司"或"本公司"）2024 年度权 益分派方案为：以公司现有总股本为 399,333,395 股剔除公司回购专用证券账户 中已回购股份 694,700 股后的股本 398,638,695 为基数，向全体股东以每 10 股派 发现金红利人民币 2 元（含税），合计派发现金红利 79,727,739.00 元（含税）， 不送红股，不以资本公积金转增 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Insights - The company reported a revenue of 6.542 billion yuan for 2024, representing a year-on-year growth of 7%, while the net profit attributable to shareholders was 0.691 billion yuan, a decrease of 11% year-on-year. In Q4 2024, revenue was 1.381 billion yuan, down 5% year-on-year and down 24% quarter-on-quarter, with a net profit of 0.022 billion yuan, down 20% year-on-year and down 93% quarter-on-quarter. In Q1 2025, revenue reached 1.518 billion yuan, up 9% year-on-year and up 10% quarter-on-quarter, with a net profit of 0.195 billion yuan, a significant increase of 860% year-on-year and 774% quarter-on-quarter, exceeding expectations for Q1 [2][4] Financial Performance Summary - In 2024, the company sold 910,000 inverters, achieving over 20% year-on-year growth. However, Q4 saw a decline in shipments due to weak demand in major overseas markets. The gross margin for grid-connected inverters was 18.7%, down 3.0 percentage points year-on-year, while the gross margin for energy storage inverters was 27.5%, down 9.6 percentage points year-on-year. The company adjusted its pricing strategy in response to increased competition and a higher proportion of lower-margin sales in overseas markets [10] - The company's power station business generated revenue of 2.08 billion yuan in 2024, a growth of approximately 40%. By the end of the year, the company held a total of 3.7 GW of household photovoltaic systems, with significant growth in power generation revenue. The company sold 137 MW of power stations at an average transaction price of 3.35 yuan/W, generating a profit of 0.02 billion yuan [10] - In Q1 2025, the company achieved a revenue of 1.518 billion yuan, with a quarter-on-quarter increase of 10%, primarily due to a recovery in overseas demand for inverters. The gross margin for Q1 was 32.1%, an increase of 8 percentage points quarter-on-quarter, indicating improved profitability driven by a shift towards higher-margin products [10] - The company reported a 32% increase in sales expenses and a 23% increase in R&D expenses in 2024, reflecting ongoing investments in market expansion and research. Financial expenses doubled to 0.31 billion yuan due to increased financing activities. The contract liabilities at the end of Q1 were 0.19 billion yuan, up 162% year-on-year and 182% quarter-on-quarter, indicating a significant improvement in order intake [10] Future Outlook - The company is expected to achieve profits of 1.2 billion yuan and 1.5 billion yuan in 2025 and 2026, respectively, corresponding to price-to-earnings ratios of 18 and 14 times [10]

证券代码：300763 证券简称：锦浪科技 公告编号：2025-054 锦浪科技股份有限公司 2024 年年度股东大会决议公告 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形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、召开时间： 现场会议召开时间：2025 年 5 月 19 日（星期一）15:00 网络投票时间：2025 年 5 月 19 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 19 日 9:15-9:25，9:30-11:30，13:00-15:00；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 5 月 19 日 9:15-15:00 期间的任意时间。 2、召开地点：浙江省象山县经济开发区滨海工业园金开路 188 号公司会议 室 3、召开方式：采用现场投票与网络投票相结合的方式召开 4、会议召集人：公司董事会 5、会议主持人：董事长王一鸣先生 6、本次股东大会的召集、召开与表决程序均符合《公司法》《上市公司股东 ...

证券代码：300763 证券简称：锦浪科技 公告编号：2025-055 锦浪科技股份有限公司 关于回购注销部分限制性股票减少注册资本 暨通知债权人的公告 2025 年 5 月 19 日 根据《上市公司股权激励管理办法》及公司《2023 年限制性股票激励计划 （草案）》（以下简称《" 激励计划（草案）》"）的相关规定，鉴于本次激励计划中的 11 名激励对象因个人原因离职，该部分激励对象已不具备激励资格，公司拟回 购注销上述对象已获授但尚未解除限售的第一类限制性股票 15.05 万股；同时， 根据本次《激励计划（草案）》的相关规定，公司 2024 年度业绩未达到本次激励 计划首次授予第一类限制性股票第二个解除限售期公司层面的业绩考核要求，公 司《激励计划（草案）》规定的第二个解除限售期的解除限售条件未成就，所有 激励对象对应的第二个解除限售期拟解除限售的共计 106.905 万股限制性股票全 部回购注销。公司同意回购上述合计 121.955 万股的第一类限制性股票并予以注 销。具体内容详见公司 2025 年 4 月 29 日在巨潮资讯网（http://www.cninfo.com. cn）披露的《关于作废 202 ...

锦浪科技股份有限公司 2024 年年度股东大会的律师见证 之 法律意见书 北京·上海·深圳·杭州·广州·昆明·天津·成都·宁波·福州·西安·南京·南宁·济南·重庆·苏州· 长沙·太原·武汉·贵阳·乌鲁木齐·郑州·石家庄·合肥·海南·青岛·南昌·大连·银川·拉孜·香港·巴 黎· 国浩律师（北京）事务所 关 于 马德里·斯德哥尔摩·纽约·马来西亚 BEIJING·SHANGHAI·SHENZHEN·HANGZHOU·GUANGZHOU·KUNMING·TIANJIN·CHENGDU·NINGBO·FUZHOU·XIAN· NANJING·NANNING·JINAN·CHONGQING·SUZHOU·CHANGSHA·TAIYUAN·WUHAN·GUIYANG·URUMQI·ZHENGZHOU· SHIJIAZHUANG·HEFEI·HAINAN·QINGDAO·NANCHANG·DALIAN·YINCHUAN·LHATSE·HONG KONG· PARIS·MADRID·STOCKHOLM·NEW YORK·MALAYSIA 北京市朝阳区东三环北路 38 号泰康金融大厦 9 层 邮编：100026 9/F, Ta ...

Investment Rating - The report maintains a "Buy" rating for the company [2][4][6] Core Views - The company has shown significant improvement in profitability and sales growth in the energy storage inverter segment for Q1 2025, with a notable increase in net profit [4][10] - The report highlights a strong revenue growth forecast for the company, with expected revenue of RMB 7.91 billion in 2025, representing a 21% increase from 2024 [8][10] - The company’s earnings per share (EPS) estimates have been adjusted to RMB 2.63, RMB 2.98, and RMB 3.74 for 2025, 2026, and 2027 respectively, reflecting a positive outlook [6][8] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of RMB 6.54 billion, a year-on-year increase of 7.23%, but the net profit decreased by 11.32% to RMB 691 million [10][11] - For Q1 2025, the company reported a revenue of RMB 1.52 billion, an 8.65% increase year-on-year, and a net profit of RMB 194.7 million, marking a substantial growth of 859.78% [10][12] Sales and Margins - The company sold 912,900 photovoltaic inverters in 2024, a 22.26% increase year-on-year, although the revenue from grid-connected inverters decreased by 6.70% [10][11] - The gross margin for the energy storage inverter segment was reported at 27.48%, down 9.60 percentage points year-on-year [10][11] Future Projections - The company is projected to achieve a revenue of RMB 9.14 billion in 2026 and RMB 10.81 billion in 2027, with growth rates of 15.5% and 18.3% respectively [8][10] - The report anticipates a recovery in net profit to RMB 1.05 billion in 2025, with a growth rate of 51.9% [8][10] Valuation Metrics - The report provides a price-to-earnings (P/E) ratio forecast of 21.1, 18.6, and 14.9 for 2025, 2026, and 2027 respectively, indicating a favorable valuation outlook [6][8]

证券代码：300763 证券简称：锦浪科技 公告编号：2025-052 锦浪科技股份有限公司 关于公司为全资子（孙）公司提供担保的进展公告及子公司为 子公司提供担保的公告 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。 一、关于公司为全资子（孙）公司提供担保的进展 | 序号 | 公司名称 | 银行 | 公告名称 | 签署日期 | | 公告编号 | | --- | --- | --- | --- | --- | --- | --- | | | 宁 波 市 日 微 新 能 源 有 限 | | | | | | | 1 | 公司（以下简 | | | | | | | | 称 " 宁 波 日 | | | | | | | | 微"） 宁 波 市 日 思 | | | | | | | | 新 能 源 有 限 | | 关于为全资子 | | | | | 2 | 公司（以下简 | | （孙）公司申请借 | 年 月 2022 9 7 | 日 | 2022-102 | | | 称 " 宁 波 日 | | 款及授信提供担 | | | | | | 思"） | 兴业银行 | 保的公告 | | ...

证券代码：300763 证券简称：锦浪科技 公告编号：2025-053 锦浪科技股份有限公司 关于公司董事、高级管理人员减持计划期限届满暨未减持的公告 公司董事、副总经理、财务总监郭俊强先生，董事、副总经理、董事会秘书张婵女士以及 副总经理陆荷峰女士保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 锦浪科技股份有限公司（以下简称"公司"）于 2025 年 1 月 16 日披露了《关 于公司董事、高级管理人员减持计划的预披露公告》（公告编号：2025-001），公 司董事、副总经理、财务总监郭俊强先生，董事、副总经理、董事会秘书张婵女 士以及副总经理陆荷峰女士计划自减持计划公告之日起 15 个交易日后的 3 个月 内（2025 年 2 月 17 日至 2025 年 5 月 16 日），通过集中竞价方式合计减持公司 股份不超过 154,157 股（含本数），占公司总股本的 0.0387%（总股本按剔除公司 回购专用账户中的股份数量后计算，即 398,638,695 股，下同）。 2、股东减持股份情况 截至本公告披 ...