天合光能：股东有则创投减持约1247万股，减持计划实施完毕

Group 1 - Company Tianhe Solar announced on November 4, 2025, that it received a notice from Youze Venture Capital regarding the completion of its share reduction plan, during which approximately 12.47 million shares were sold, accounting for 0.5724% of the total share capital from September 5, 2025, to November 3, 2025 [1] - As of the announcement date, the share reduction plan has been fully implemented [1] - For the year 2024, Tianhe Solar's revenue composition is 98.17% from the photovoltaic industry and 1.83% from other businesses [1] Group 2 - As of the report, Tianhe Solar has a market capitalization of 46.6 billion yuan [2] - The photovoltaic industry in China is experiencing significant growth, with overseas orders increasing by 246%, covering over 50 countries and regions [2] - There are warnings from entrepreneurs about potential malicious competition in the overseas market, as some are selling at a loss [2]