Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=重要提示) The board and management assure the report's accuracy, highlight key risks, and confirm no profit distribution for the current semi-annual period - The company's board of directors, directors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[3](index=3&type=chunk) - Company head Yan Rongfei, chief accountant Yan Rongfei, and head of accounting department (accounting supervisor) Yan Rongfei declare: they guarantee the truthfulness, accuracy, and completeness of the financial report in this semi-annual report[3](index=3&type=chunk) - Investors are advised to pay attention to risks such as raw material supply and price fluctuations, cyclical fluctuations in the photovoltaic industry's prosperity, changes in international economic conditions and macroeconomic policies, large accounts receivable and the risk of untimely recovery, intensified market competition, and a relatively singular product structure[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=目录) This section presents the structured table of contents for the semi-annual report, outlining its eight main chapters - The report's table of contents includes eight main chapters, from company profile to financial reports[6](index=6&type=chunk) [List of Documents for Reference](index=4&type=section&id=备查文件目录) This section lists the semi-annual report's reference documents, including signed financial statements and publicly disclosed company filings - Reference documents include financial statements bearing the signatures and seals of the company's legal representative, chief accountant, and head of the accounting department[8](index=8&type=chunk) - Reference documents also include originals of all company documents and announcements publicly disclosed on the website designated by the China Securities Regulatory Commission during the reporting period[9](index=9&type=chunk) [Definitions](index=5&type=section&id=释义) This section defines common and specialized terms used in the report, covering company entities, regulations, and photovoltaic industry concepts - Definitions of common nouns include "the Company," "Company," and "Tongling Co." referring to Jiangsu Tongling Electric Co., Ltd., as well as its controlling shareholder and several wholly-owned/controlled subsidiaries[13](index=13&type=chunk) - Definitions of professional terms cover international certification standards such as TUV, UL, CE, VDE, RoHS, JET, and core photovoltaic industry concepts like photovoltaic, solar cells, hot spot effect, automatic protection devices, installed capacity, and PV modules[13](index=13&type=chunk)[15](index=15&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=7&type=section&id=一、公司简介) Basic company information includes its stock ticker, code, listing exchange, and legal representative - The company's stock ticker is "Tongling Co.", stock code "301168", and it is listed on the Shenzhen Stock Exchange[17](index=17&type=chunk) - The company's legal representative is Yan Rongfei[17](index=17&type=chunk) [Contact Person and Contact Information](index=7&type=section&id=二、联系人和联系方式) Contact details for the Board Secretary and Securities Affairs Representative are provided, including address, phone, fax, and email - The Board Secretary is Wei Xiuzhen, the Securities Affairs Representative is Yang Jie, and the contact address is No. 666 Gangmao Road, Economic Development Zone, Yangzhong City[18](index=18&type=chunk) [Other Information](index=7&type=section&id=三、其他情况) No changes occurred in company contact details, information disclosure, or registration during the reporting period - There were no changes in the company's registered address, office address and postal code, website, or email during the reporting period[19](index=19&type=chunk) - There were no changes in the information disclosure and placement locations during the reporting period[20](index=20&type=chunk) - There were no changes in the company's registration status during the reporting period[21](index=21&type=chunk) [Key Accounting Data and Financial Indicators](index=8&type=section&id=四、主要会计数据和财务指标) H1 2025 saw a slight revenue dip, significant net profit decline, but strong operating cash flow growth, with overall asset and net asset increases | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Year-over-year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 788,031,360.62 | 789,654,658.96 | -0.21% | | Net Profit Attributable to Shareholders of the Listed Company | 31,308,018.37 | 63,420,958.56 | -50.63% | | Net Profit Attributable to Shareholders of the Listed Company (Excluding Non-recurring Gains and Losses) | 24,688,618.74 | 56,873,297.63 | -56.59% | | Net Cash Flow from Operating Activities | 223,259,373.46 | 172,135,031.38 | 29.70% | | Basic Earnings Per Share (RMB/share) | 0.28 | 0.53 | -47.17% | | Diluted Earnings Per Share (RMB/share) | 0.28 | 0.53 | -47.17% | | Weighted Average Return on Net Assets | 1.57% | 3.01% | -1.44% | | **Period-end Indicators** | **Current Period-end (RMB)** | **Prior Year-end (RMB)** | **Period-end vs. Prior Year-end Change** | | Total Assets | 3,628,795,595.09 | 3,460,279,665.56 | 4.87% | | Net Assets Attributable to Shareholders of the Listed Company | 2,147,045,024.03 | 2,122,044,547.89 | 1.18% | [Differences in Accounting Data Under Domestic and International Accounting Standards](index=8&type=section&id=五、境内外会计准则下会计数据差异) No differences exist in net profit or net assets between domestic and international accounting standards for the reporting period - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and those under Chinese Accounting Standards[23](index=23&type=chunk) - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under foreign accounting standards and those under Chinese Accounting Standards[24](index=24&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=8&type=section&id=六、非经常性损益项目及金额) H1 2025 non-recurring gains and losses totaled **RMB 6.62 million**, mainly from government subsidies and financial asset fair value changes, with certain VAT items classified as recurring 2025年半年度非经常性损益项目及金额 | Item | Amount (RMB) | | :--- | :--- | | Government subsidies included in current profit and loss | 2,192,953.57 | | Gains and losses from changes in fair value of financial assets and financial liabilities, and disposal of financial assets and financial liabilities, excluding effective hedge accounting related to normal business operations of non-financial enterprises | 6,038,608.15 | | Other non-operating income and expenses apart from the above items | -368,704.70 | | Less: Income tax impact | 1,199,712.25 | | Minority interests impact (after tax) | 43,745.14 | | **Total** | **6,619,399.63** | - The company classified VAT refunds for disabled employee placement (RMB 516,623.24) and VAT input tax deduction (RMB 635,137.32) as recurring gains and losses, as they are not special or incidental[27](index=27&type=chunk) Management Discussion and Analysis [Main Businesses Engaged by the Company During the Reporting Period](index=10&type=section&id=一、报告期内公司从事的主要业务) The company's core businesses include PV junction boxes and automotive parts, detailing product specifics, operating models, environmental practices, and market position - The company's main businesses are the R&D, production, and sales of solar PV module junction boxes and other accessories, as well as automotive interior and exterior parts[29](index=29&type=chunk) - The company is one of the larger enterprises in the PV junction box industry, possessing advantages in production scale, technology, and quality, with products certified by TUV Rheinland, TUV SUD, UL, VDE, RoHS, CE, JET, and other international authorities[29](index=29&type=chunk) - In February 2024, the company invested in and acquired a controlling stake in Jiangzhou Auto Parts, expanding its automotive parts business, which has seen stable growth in products, sales, and profits, enhancing the company's profitability and ability to respond to systemic risks[30](index=30&type=chunk) - The company's main product is the solar PV module junction box, which primarily connects solar PV modules to draw out DC power and provides automatic protection when modules experience hot spot effects[31](index=31&type=chunk) - The company operates on a "production based on sales + reasonable inventory" model and a direct sales model, with major clients including Longi Green Energy, Trina Solar, JA Solar, Tongwei Solar, and other renowned domestic and international PV module enterprises[41](index=41&type=chunk)[42](index=42&type=chunk) Company's Global Junction Box Market Share 2020-2024 | Item | 2024 | 2023 | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | :--- | :--- | | Global New Installed Capacity (GW) | 530 | 390 | 230 | 170 | 138.2 | | PV Modules Required for New Installed Capacity (million units) | 856.22 | 684.21 | 418.18 | 340 | 345.5 | | Company Sales (million sets) |

江苏通灵电器股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江苏通灵电器股份有限公司（以下简称"公司"或"通灵股份"）于2024年12 月20日召开第五届董事会第四次会议、第五届监事会第四次会议，于2025年1月8 日召开2025年第一次临时股东大会，分别审议通过了《关于使用部分闲置募集资金 及自有资金进行现金管理的议案》，同意公司在确保不影响募集资金投资项目建设 进度，并有效控制风险的前提下，使用不超过人民币20,000.00万元闲置募集资金（含 本数、含超募资金）进行现金管理，用于安全性高、流动性好、风险低、期限不超 过12个月或可转让可提前支取的产品，有效期自2025年第一次临时股东大会审议通 过之日起12个月内有效，在前述额度及期限有效期内，资金可循环滚动使用。保荐 人出具了专项核查意见。具体内容详见公司2024年12月21日、2025年1月9日披露于 巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 2025年8月21日，公司使用闲置募集资金1,000万元购买了国 ...

Group 1 - The stock price of Tongling Co., Ltd. closed at 38.72 yuan on August 14, 2025, down 2.25% from the previous trading day, with a trading volume of 70 million yuan [1] - Tongling Co., Ltd. specializes in the manufacturing of photovoltaic equipment, focusing on the research, production, and sales of photovoltaic junction boxes and connectors [1] - On August 14, Tongling Co., Ltd. announced that its second extraordinary general meeting of shareholders in 2025 approved a proposal regarding the termination of certain fundraising projects and the addition of new implementation locations for some fundraising projects [1] Group 2 - Recently, Tongling Co., Ltd. jointly established Sichuan Jinglan Technology Co., Ltd. with a registered capital of 150 million yuan, with business operations covering mechanical equipment research and sales [1] - On August 14, the net outflow of main funds for Tongling Co., Ltd. was 6.2171 million yuan, with a cumulative net outflow of 12.1240 million yuan over the past five days [2]

证券代码：301168 证券简称：通灵股份 公告编号：2025-046 江苏通灵电器股份有限公司 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。 特别提示： 一、会议召开情况 （1）现场会议召开时间：2025 年 8 月 14 日（星期四）14:30。 （2）网络投票时间：通过深圳证券交易所互联网投票系统的时间为 2025 年 8 月 14 日 9:15-15:00；通过深圳证券交易所交易系统进行网络投票的时间为 会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、部 门规章、规范性文件和《江苏通灵电器股份有限公司章程》（以下简称"《公 司章程》"）的有关规定。 三、议案审议表决情况 本次股东会采用现场投票与网络投票相结合的表决方式对以下议案进行了 表决： 案》 总表决情况：同意71,371,172股，占出席本次股东会有效表决权股份总数的 有效表决权股份总数的0.0360％。 中小股东总表决情况：同意1,024,172股，占出席本次股东会中小股东有效 表决权股份总数的96.3589％；反对13,000股，占出席本次股东会中小股东有效 表决权股份 ...

上海市锦天城律师事务所 关于江苏通灵电器股份有限公司 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏通灵电器股份有限公司 法律意见书 致：江苏通灵电器股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江苏通灵电器股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东会（以下简 称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》 （以下简称《公 司法》）、《上市公司股东会规则》（以下简称《股东会规则》）等法律、法规、规 章和其他规范性文件以及《江苏通灵电器股份有限公司章程》（以下简称《公司 章程》）的有关规定，出具本法律意见书。 经核查，公司本次股东会由公司董事会召集。2025 年 7 月 28 日，公司召开 第五届董事会第七次会议，决议召集本次股东会。 公司已于 2025 年 7 月 29 日在中国证监会指定的信息披露网站上刊登了《关 于召开 2025 年第二次临时股东会的通知》 ...

Core Points - Tongling Co., Ltd. announced the convening of its second extraordinary general meeting of shareholders for 2025 on August 14, 2025, to review the proposal regarding the termination of certain fundraising projects and the addition of new implementation locations for some fundraising projects [2] Group 1 - The extraordinary general meeting was held on August 14, 2025 [2] - The agenda included the review of proposals related to fundraising projects [2] - The company plans to terminate some fundraising projects while adding new locations for others [2]

Group 1 - Sichuan Jinglan Technology Co., Ltd. has been established with a registered capital of 150 million yuan [1][2] - The company's business scope includes sales of steam turbines and auxiliary machines, mechanical equipment research and development, and sales of aviation transport equipment [1][2] - The company is jointly held by Tongling Co., Ltd. (301168) and other investors, with Tongling holding a 66.67% stake [2] Group 2 - The company is located in Jin Niu District, Chengdu, Sichuan Province, and is registered with the Jin Niu District Market Supervision Administration [2] - The business operations are set to continue indefinitely, with the registration date being August 12, 2025 [2] - The company also engages in various technical services, including technology development, consulting, and sales of electronic products [2]

上海市锦天城律师事务所 关于江苏通灵电器股份有限公司 2025 年第二次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏通灵电器股份有限公司 2025 年第二次临时股东会的 法律意见书 致：江苏通灵电器股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江苏通灵电器股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东会（以下简 称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》（以下简称《公 司法》）、《上市公司股东会规则》（以下简称《股东会规则》）等法律、法规、规 章和其他规范性文件以及《江苏通灵电器股份有限公司章程》（以下简称《公司 章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东会 ...

证券代码：301168 证券简称：通灵股份 公告编号：2025-046 江苏通灵电器股份有限公司 2025年第二次临时股东会决议公告 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。 特别提示： 1. 本次股东会无增加、变更或否决提案的情形； 2. 本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025 年 8 月 14 日（星期四）14:30。 （2）网络投票时间：通过深圳证券交易所互联网投票系统的时间为 2025 年 8 月 14 日 9:15-15:00；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 8 月 14 日上午 9:15-9:25,9:30-11:30，下午 13:00-15:00。 2、现场会议召开地点：江苏通灵电器股份有限公司 C 楼 2 楼会议室。 3、会议召开方式：本次股东会采取现场投票和网络投票相结合的方式召开。 4、会议召集人：董事会。 5、会议主持人：董事长严荣飞先生。 6、本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东 会规则》《深圳证 ...

Group 1 - Sichuan Jinglan Technology Co., Ltd. has been established with a registered capital of 150 million yuan [1] - The company's business scope includes sales of steam turbines and auxiliary machines, research and development of mechanical equipment, sales of mechanical equipment, and sales of aviation transportation equipment [1] - The company is jointly held by Tongling Co., Ltd. and others [1]