Group 1 - The company has approved a share repurchase plan with a total fund of no less than RMB 5 billion and no more than RMB 10 billion, with a repurchase price cap of RMB 21.42 per share [1] - The repurchase period is set for 12 months from the date of the shareholder meeting that approved the plan [1] - The maximum repurchase price was adjusted to RMB 21.33 per share due to the implementation of the 2024 annual equity distribution [2] Group 2 - As of July 31, 2025, the company has repurchased a total of 33,912,200 shares, accounting for 0.92% of the total share capital, with a total expenditure of RMB 327,650,648.91 [2] - The highest repurchase price recorded was RMB 11.33 per share, while the lowest was RMB 8.34 per share [2] - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [3]

证券代码：688472 证券简称：阿特斯 公告编号：2025-036 阿特斯阳光电力集团股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 回购方案首次披露日 2024/11/30 回购方案实施期限 2024 年 12 月 20 日~2025 年 12 月 19 日 预计回购金额 5亿元~10亿元 √减少注册资本 □用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 3,391.22万股 累计已回购股数占总股本比例 0.92% 累计已回购金额 32,765.06万元 实际回购价格区间 8.34元/股~11.33元/股 一、 回购股份的基本情况 于以集中竞价交易方式回购公司股份的议案》，同意公司使用自有/自筹资金/首次 公开发行人民币普通股取得的超募资金/专项贷款资金以集中竞价交易方式回购公 司发行的人民币普通股（A 股），回购资金总额不低于人民币 5 亿元（含），不超 过人民币 10 亿元（含），回购价格不超 ...

（文章来源：证券日报） 证券日报网讯 8月1日晚间，阿特斯发布公告称，截至2025年7月31日，公司通过上海证券交易所交易系 统以集中竞价交易方式累计回购公司股份33，912，200股，占公司总股本的比例为0.92%。 ...

Core Viewpoint - The company, Arctech (688472.SH), has announced a share buyback program, reflecting its commitment to enhancing shareholder value through strategic capital allocation [1] Summary by Relevant Sections Share Buyback Details - As of July 31, 2025, the company has repurchased a total of 33,912,200 shares, which represents 0.92% of its total share capital [1] - The highest price paid for the repurchased shares was 11.33 CNY per share, while the lowest price was 8.34 CNY per share [1] - The total amount of funds used for the buyback was 327,650,648.91 CNY, excluding transaction fees such as stamp duty and commissions [1] Compliance and Regulations - The share buyback is in accordance with legal regulations and aligns with the company's buyback plan [1]

Group 1 - The core viewpoint of the articles highlights the performance and market position of Laplace, a company in the photovoltaic equipment industry, which has shown significant growth in revenue and profit [1][2] - As of August 1, Laplace's stock closed at 46.91 yuan, reflecting a 5.11% increase, with a rolling price-to-earnings (PE) ratio of 23.57 times and a total market capitalization of 19.014 billion yuan [1] - The average PE ratio for the photovoltaic equipment industry is 30.24 times, with a median of 27.75 times, positioning Laplace at 55th in the industry ranking [1][2] Group 2 - As of March 31, 2025, Laplace had 11,862 shareholders, a decrease of 145 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1] - The main business of Laplace involves the research, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing [1] - The latest quarterly report for Q1 2025 shows that Laplace achieved an operating revenue of 1.451 billion yuan, a year-on-year increase of 36.48%, and a net profit of 252 million yuan, up 44.36%, with a gross profit margin of 32.41% [1]

格隆汇8月1日丨阿特斯(688472.SH)公布，截至2025年7月31日，公司通过上海证券交易所交易系统以集 中竞价交易方式累计回购公司股份33,912,200股，占公司总股本的比例为0.92%，回购成交的最高价为 11.33元/股，最低价为8.34元/股，回购使用的资金总额为人民币327,650,648.91元（不含印花税、交易佣 金等交易费用）。本次回购股份符合法律法规的规定及公司回购股份方案。 ...

一、回购股份的基本情况 2024 年 12 月 19 日，公司召开 2024 年第二次临时股东大会，审议通过《关 于以集中竞价交易方式回购公司股份的议案》，同意公司使用自有/自筹资金/首次 公开发行人民币普通股取得的超募资金/专项贷款资金以集中竞价交易方式回购公 司发行的人民币普通股（A 股），回购资金总额不低于人民币 5 亿元（含），不超 过人民币 10 亿元（含），回购价格不超过人民币 21.42 元/股（含），回购的股份将 全部用于注销并减少公司注册资本，回购股份期限自股东大会审议通过本次回购 方案之日起 12 个月内。 具体内容详见公司分别于 2024 年 11 月 30 日、2024 年 12 月 20 日在上海证 券交易所网站（http://www.sse.com.cn）披露的《阿特斯阳光电力集团股份有限 公司关于以集中竞价交易方式回购股份方案的公告》《阿特斯阳光电力集团股份有 限公司关于以集中竞价交易方式回购股份的回购报告书》。 因实施 2024 年年度权益分派，公司本次回购股份价格上限由不超过人民币 21.42 元/股（含）调整为不超过人民币 21.33 元/股（含）。具体内容详见公司于 20 ...

Group 1 - The State Intellectual Property Office of China announced that Yangzhou Aters Solar Cell Co., Ltd. and Yangzhou Aters Optoelectronic Materials Co., Ltd. applied for a patent titled "Preparation Method of Solar Cell, Solar Cell, and Photovoltaic Module" with publication number CN120417528A, filed on April 2025 [1] - The patent application reveals a preparation method for solar cells that includes providing a cell slice with conductive paste on its light-receiving and/or back surface, followed by microwave treatment to cure the conductive paste, which effectively avoids organic residue and potential defects in the subsequent sintering process, thereby optimizing contact resistance and improving cell efficiency [1] - Yangzhou Aters Solar Cell Co., Ltd. was established in 2022, located in Yangzhou, with a registered capital of 700 million RMB, and has participated in 28 bidding projects and holds 60 patents [1] Group 2 - Yangzhou Aters Optoelectronic Materials Co., Ltd. was also established in 2022, located in Yangzhou, with a registered capital of 100 million RMB, and has participated in 34 bidding projects and holds 25 patents [2]

Investment Rating - The report maintains an investment rating of "Synchronize with the market-A" for the solar industry [2]. Core Viewpoints - In June, the domestic photovoltaic new installed capacity decreased by 38.4% year-on-year, influenced by the end of the rush for installation. The new installed capacity in June was 14.4GW, with a cumulative new installed capacity of 212.21GW from January to June, reflecting a year-on-year increase of 107.1% [2][13]. - The export value of photovoltaic components in June was 15.81 billion yuan, down 23.3% year-on-year and 8.7% month-on-month. The cumulative export value from January to June was 95.37 billion yuan, a decrease of 23.9% year-on-year [2][17]. - The export value of inverters in June was 6.59 billion yuan, showing a year-on-year increase of 1.2% and a month-on-month increase of 10.3%. The cumulative export value from January to June was 30.6 billion yuan, reflecting a year-on-year increase of 7.6% [3][30]. - Solar power generation in June increased by 18.3% year-on-year, with a total generation of 50.06 billion kWh, accounting for 6.29% of the total industrial power generation in the country [2][44]. Summary by Sections Installed Capacity - In June, the domestic photovoltaic new installed capacity was 14.4GW, down 38.4% year-on-year and 84.5% month-on-month. The cumulative new installed capacity from January to June was 212.21GW, up 107.1% year-on-year [13][2]. Exports - The export value of photovoltaic components in June was 15.81 billion yuan, down 23.3% year-on-year and 8.7% month-on-month. The cumulative export value from January to June was 95.37 billion yuan, down 23.9% year-on-year [17][2]. - The export value of inverters in June was 6.59 billion yuan, with a year-on-year increase of 1.2% and a month-on-month increase of 10.3%. The cumulative export value from January to June was 30.6 billion yuan, up 7.6% year-on-year [30][3]. Power Generation - In June, solar power generation was 50.06 billion kWh, reflecting an 18.3% year-on-year increase and accounting for 6.29% of the total industrial power generation in the country [44][2]. Investment Recommendations - Key recommendations include: - New technology direction: Aisuo Co., Longi Green Energy - Supply-side improvement direction: Daqian Energy, Fulete - Overseas layout direction: Hengdian East Magnet, Sunshine Power, Canadian Solar, Deye Co. - Power marketization direction: Langxin Group - Domestic substitution direction: Quartz Co. - Additional companies to actively monitor include: Xinyi Solar, GCL-Poly Energy, Tongwei Co., TCL Zhonghuan, New Special Energy, Dier Laser, Foster, Haiyou New Materials, JA Solar, Trina Solar, Jinko Solar, CITIC Bo, Maiwei Co., Jingcheng Machinery, Shanghai Ailuo, and Guangxin Materials [48][2].

Group 1 - The battery ETF managed by Jiashi has a turnover rate of 1.67% and a transaction volume of 4.9343 million yuan as of July 31. The average daily transaction volume over the past month is 9.6408 million yuan [2] - The net value of the battery ETF has increased by 21.52% over the past year, with the highest monthly return since inception being 31.11% and the longest consecutive monthly increase being 3 months [2] - The valuation of the index tracked by the ETF is at a historical low, with a latest price-to-book ratio (PB) of 2.94, significantly lower than 80.38% of the time over the past five years, indicating strong valuation attractiveness [2] Group 2 - Since 2023, the capital expenditure in the lithium battery industry chain has been in a continuous decline for seven consecutive quarters, but is expected to turn positive in Q1 2025, indicating a potential recovery in the industry [3] - The Chinese government is focusing on regulating "involution" competition, which may lead to industry consolidation and value reconstruction within the supply chain [3] - Chinese companies are enhancing their competitiveness in the global market, with leading positions in both power and energy storage battery shipments, and are accelerating overseas capacity construction [3] Group 3 - As of July 31, the top ten weighted stocks in the CSI Battery Theme Index include Yangguang Electric, Ningde Times, Sanhua Intelligent Control, and others, collectively accounting for 51.66% of the index [3] - The performance of individual stocks shows mixed results, with Yangguang Electric increasing by 3.51% while Ningde Times decreased by 0.42% [5] - Investors without stock accounts can access battery industry investment opportunities through the Jiashi Battery ETF linked fund (016567) [5]