一、审议通过《关于不向下修正"晶澳转债"转股价格的议案》 | 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-007 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 第六届董事会第三十三次会议决议公告 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。 晶澳太阳能科技股份有限公司（以下简称"公司"）第六届董事会第三十三 次会议于 2025 年 2 月 17 日在公司会议室以现场结合通讯表决方式召开。 召开本次会议的通知已于 2025 年 2 月 13 日以电话、电子邮件等方式通知了 各位董事。本次会议由公司董事长靳保芳先生主持，会议应出席董事 9 名，实际 出席董事 9 名，符合《中华人民共和国公司法》及《公司章程》的规定。经与会 董事认真审议，会议以记名投票表决方式通过如下议案： 具体内容详见同日披露于巨潮资讯网（http://www.cninfo.com.cn）的《关于 设立募集资金专户并授权签署募集资金专户存储监管协议的公告》。 公司股票已有十五个交易 ...

Group 1: Market Trends and Demand - In 2025, global photovoltaic (PV) installed capacity is expected to maintain growth, with demand growth predicted to be in double digits according to industry forecasts [2] - The National Energy Administration projects that China's total installed capacity for 2024 will reach 277 GW, accounting for over 40% of global new installations [2] - Exports of battery components are anticipated to reach 300 GW in 2024, with stable growth expected in the European market and high demand in emerging markets for clean energy [2] Group 2: Supply-Side Reforms - Ongoing supply-side reforms aim to guide PV companies to reduce excessive production plans and raise the threshold for new projects [2] - The industry is enhancing self-regulation through agreements to strengthen constraints on major enterprises, while capacity structures are being adjusted to phase out less competitive production [2] Group 3: Regulatory Developments - The National Development and Reform Commission and the Energy Administration have issued a notice to promote market-oriented pricing for renewable energy, allowing all electricity from renewable projects to enter the market [3] - The Ministry of Commerce has proposed a carbon footprint standard for exported PV modules, not exceeding 415 kgCO2e/kWp, which is currently in the consultation stage [4] Group 4: Product Development and Innovation - The company emphasizes R&D as a core competitive advantage, showcasing the DeepBlue 5.0 ultra-high-performance module with a power output of 670W and efficiency of 24.8% at the World Future Energy Summit in January 2025 [5] Group 5: Capital Expenditure and Production Capacity - By the end of 2024, the company's module production capacity is expected to exceed 100 GW, with silicon wafer and battery capacity reaching 80% of module capacity [6] - The company plans to initiate the construction of the Erdos integrated project and the Oman battery module project in 2025, aligning with its global development strategy [6] Group 6: 2024 Performance Outlook - The company anticipates challenges in 2024 due to a complex international political and trade environment, fluctuating exchange rates, and rapid product technology iterations [7] - Management has made strategic decisions to adjust overseas capacity, promote N-type capacity penetration, and actively manage foreign currency asset hedging [8]

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-006 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 关于"晶澳转债"预计触发转股价格修正条件的提示性公告 一、可转换公司债券基本情况 经中国证券监督管理委员会《关于同意晶澳太阳能科技股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1164 号）同意，公 司于 2023 年 7 月 18 日向不特定对象发行可转换公司债券 89,603,077 张，每张面 值人民币 100 元，募集资金总额人民币 8,960,307,700.00 元，扣除发行有关费用 （不含税）后募集资金净额为人民币 8,933,848,025.97 元。中兴财光华会计师事 务所（特殊普通合伙）于 2023 年 7 月 24 日出具了中兴财光华审验字（2023）第 110003 号《验资报告》，对上述募集资金到位情况进行了审验。公司对募集资金 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。 1 重要内容提 ...

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-005 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 | 1、向资产负债率为70%以上担保对象提供的担保 | | --- | | 序 | 担保方 | 被担保方 | 实际发生日期 | 担保金额 | 担保期 | 担保事由 | | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | （万元） | | | 1 | 1 | 晶澳太阳能科技股份 | 包头晶澳新材料有限公 | 2025/1/1 | 14.25 | 0.87 年期 | 为其融资提 | | --- | --- | --- | --- | --- | --- | --- | | | 有限公司 | 司 | | | | 供担保 | | 2 | 晶澳太阳能科技股份 | 包头晶澳新材料有限公 | 2025/1/1 | 10.13 | 0.87 年期 | 为其融资提 | | | 有限公司 | 司 | | | | 供担保 | | 3 | 晶澳太阳能科技股份 | ...

东方金诚国际信用评估有限公司关于 晶澳太阳能科技股份有限公司 2024 年度业绩预亏的关注公告 1 东方金诚公告【2025】0058 号 邮箱：dfjc@coamc.com.cn 电话：010-62299800 传真：010-62299803 地址：北京市丰台区丽泽金融商务区平安幸福中心 A 座 45、46、47 层 100071 官网：http://www.dfratings.com 特此公告。 东方金诚国际信用评估有限公司 2025 年 2 月 5 日 1 特别声明： 本公告的著作权等相关知识产权均归东方金诚所有。除委托评级合同约定外，委托方、受评对象等任何使用者未经东方金诚书面授权，不 得用于发行债务融资工具等证券业务活动或其他用途。 本公告仅为受评对象信用状况的第三方参考意见，并非是对某种决策的结论或建议。东方金诚不对发行人使用/引用本公告产生的任何后果 承担责任，也不对任何投资者的投资行为和投资损失承担责任。 东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对晶澳太阳能科技股份有限公司 （以下简称"晶澳科技"或"公司"）及其发行的"晶澳太阳能科技股份有限公司向不特定对象发行 可转换公司债券" ...

Investment Rating - The investment rating for the company has been downgraded to "Accumulate" [7] Core Views - The company is expected to report a net loss attributable to shareholders of 4.5 to 5.2 billion RMB for 2024, with a significant loss of 4.0 to 4.7 billion RMB in Q4 2024, which is below previous profit expectations of 360 million RMB. This is primarily due to increased asset impairment provisions related to PERC capacity and a decline in shipments to the US market due to trade policies [1][4] - The company's fundamentals have reached a bottom, but there may be a lack of significant catalysts in the short term [4] - The forecast for net profit for 2024-2026 has been adjusted to -5.0 billion, 2.7 billion, and 4.4 billion RMB respectively, down from previous estimates of -1 billion, 4.0 billion, and 5.0 billion RMB [4] Summary by Sections Financial Performance - The company expects a revenue of 73.314 billion RMB in 2024, a decrease of 10.11% from 2023, with a projected revenue increase to 99.018 billion RMB in 2025 and 110.238 billion RMB in 2026 [6] - The net profit attributable to shareholders is forecasted to be -5.023 billion RMB in 2024, with a recovery to 2.670 billion RMB in 2025 and 4.408 billion RMB in 2026 [6] - The earnings per share (EPS) is expected to be -1.52 RMB in 2024, recovering to 0.81 RMB in 2025 and 1.33 RMB in 2026 [6] Market Outlook - The uncertainty surrounding US renewable energy policies may negatively impact the company's expansion and profitability in the US market, which is crucial for its overall profit contribution [2] - The domestic market is expected to recover, supported by increased investment from the State Grid and a favorable environment for distributed photovoltaic projects, which may enhance domestic demand [3] - The company is actively expanding into emerging markets, with significant projects initiated in Oman and orders secured in Africa and the UAE, which are expected to improve overall profitability [3] Valuation - The target price for the company has been set at 14.58 RMB, with a price-to-earnings (PE) ratio of 18 times for 2025, down from a previous estimate of 24 times [4][8] - The company is considered a leading integrated component manufacturer with strong cost control capabilities, which positions it well to benefit from industry recovery [4]

Financial Performance - Net profit attributable to shareholders is expected to be a loss of 4.5 billion to 5.2 billion yuan, compared to a profit of 7.04 billion yuan in the same period last year[2] - Non-GAAP net profit is expected to be a loss of 4.16 billion to 4.86 billion yuan, compared to a profit of 7.14 billion yuan in the same period last year[2] - Basic earnings per share are expected to be a loss of 1.37 to 1.58 yuan per share, compared to a profit of 2.14 yuan per share in the same period last year[2] Market and Competition - The company's battery module shipments increased significantly year-over-year due to expanded market efforts[4] - Intensified competition and significant price declines in key product segments have led to a continuous decline in the company's core business profitability[4] Asset Impairment - The company has conducted impairment tests on long-term assets showing signs of impairment and will make provisions accordingly, significantly impacting performance[4]

宁德时代将生意做到了中东。 起点锂电获悉，近日阿联酋国际可再生能源公司 Masdar 公布了全球首个全天候光伏储能千兆 级项目"阿联酋RTC"的供应商名单。 宁德时代包揽了该项目的19GWh电池储能系统 (BESS) ；晶科能源和晶澳太阳能则为该项目提 供光伏组件；Larsen & Toubro以及中国电建集团则是该项目EPC承包商，负责操盘建设。 该光伏储能项目位于阿联酋首都阿布扎比，投资总额60亿美元，占地面积约90平方公里，预计 2027年运营，具体为建设一座5.2GW (DC)的太阳能光伏电站外加19GWh电池储能系统，建成 后将成为全球最大太阳能以及电池联合储能系统，每天提供1千兆瓦电力，7天全天候运转。 据悉， 宁德时代将为该项目提供大量TENER天恒储能系统 ，该储能系统产品于2024年4月发 布，是全球首个达到5年零衰减的储能系统产品，也是宁德时代今年发布的最重磅储能新品。 储能业务增长与宁德时代战略发展规划息息相关，该公司以电化学储能+可再生能源发电为核 心逐步拓展市场，让客户摆脱传统能源依赖，不过储能系统存在循环寿命和安全问两大痛点， 为解决痛点宁德时代进行了材料体系、系统结构、绿色极限制 ...

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2025-003 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 "晶澳转债"2025 年第一次债券持有人会议决议公告 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。 重要提示： 1、根据《晶澳太阳能科技股份有限公司向不特定对象发行可转换公司债券 募集说明书》（以下简称"《募集说明书》"）及《晶澳太阳能科技股份有限公司可 转换公司债券持有人会议规则（修订稿）》（以下简称"《持有人会议规则》"）的 规定，债券持有人会议作出的决议，须经出席会议且持有有表决权的、未偿还债 券面值总额二分之一以上债券持有人（或债券持有人代理人）同意，方为有效。 2、债券持有人会议决议自表决通过之日起生效，但其中需经有权机构批准 的内容，经有权机构批准后方能生效。依照有关法律、法规、《募集说明书》和 《持有人会议规则》的规定，经表决通过的债券持有人会议决议对本次可转债全 体债券持有人（包括未参加会议或明示不同意见的债券持有人）具有同等的效 ...

为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 《募集说明书》； 2. 《债券持有人会议规则》； 3. 公司于 2024 年 12 月 20 日刊登于巨潮资讯网、深圳证券交易所网站等 中国证监会指定信息披露媒体的《晶澳太阳能科技股份有限公司第六届 董事会第三十二次会议决议公告》《晶澳太阳能科技股份有限公司第六 届监事会第十八次会议决议公告》； 北京市金杜律师事务所 关于晶澳太阳能科技股份有限公司 "晶澳转债"2025 年第一次债券持有人会议 的法律意见书 致：晶澳太阳能科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受晶澳太阳能科技股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国 澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性 文件和《晶澳太阳能科技股份有限公司向不特定对象发行可转换公司债券募集 说明书》（以下简称《募集说明书》）、《晶澳太阳能科技股份有限公司可转换公 司 ...