证券代码：688472 证券简称：阿特斯 公告编号：2025-065 阿特斯阳光电力集团股份有限公司 第二届监事会第十次会议决议公告 本公司监事会及全体监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。 一、 监事会会议召开情况 表决结果：3名赞成，占全体监事人数的100%；0名弃权；0名反对。 本议案尚需提交公司股东大会审议。 具体内容详见公司同日于上海证券交易所网站(www.sse.com.cn)披露的《阿 特斯阳光电力集团股份有限公司关于美国市场业务调整暨关联交易的公告》（公 告编号：2025-059）。 （二）审议了《关于豁免控股股东及实控人曾出具的关于避免同业竞争的承 诺的议案》 表决结果：3名赞成，占全体监事人数的100%；0名弃权；0名反对。 本议案尚需提交公司股东大会审议。 阿特斯阳光电力集团股份有限公司（以下简称"公司"）第二届监事会第十 次会议通知于2025年11月17日以电子邮件的方式向全体监事发出并送达，并于 2025年11月28日在公司会议室以现场结合通讯表决的方式召开。本次会议由监事 会主席唐素芳女士召集并主持，会议应出 ...

阿特斯阳光电力集团股份有限公司 董事会薪酬与考核委员会关于 2024 年限制性股票激励计划 首次授予部分第一个归属期归属名单的核查意见 阿特斯阳光电力集团股份有限公司（以下简称"公司"）董事会薪酬与考核 委员会依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称 "《管理办法》"）、《上海证券交易所科创板股票上市规则》（以下简称"《上市规 则》"）和《阿特斯阳光电力集团股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，对公司 2024 年限制性股票激励计划（以下简称"本次激励计划"） 首次授予部分第一个归属期归属名单进行审核，发表核查意见如下： 本次拟归属的 595 名激励对象符合《公司法》《证券法》等法律、法规和规 范性文件以及《公司章程》规定的任职资格，符合《管理办法》《上市规则》等 法律、法规和规范性文件规定的激励对象条件，符合《2024 年限制性股票激励 计划（草案）》规定的激励对象范围，其作为公司本次限制性股票激励计划激励 对象的主体资格合法、有效，激励对象获授限制性股票的归属条件已成就。 董事 ...

Core Viewpoint - The company, Arctech, announced that its controlling shareholder, CSIQ, plans to provide guarantees for the company and its subsidiaries, with the company offering counter-guarantees totaling no more than 44.631 billion yuan (or equivalent foreign currency) [1] Group 1 - The total counter-guarantee amount is divided into performance-related guarantees not exceeding 31.804 billion yuan and financing-related guarantees not exceeding 12.827 billion yuan, valid from January 1, 2026, to December 31, 2026 [1] - As of the announcement date, the company has a guarantee balance of 47.215 billion yuan for its subsidiaries, excluding the Hohhot project [1] - CSIQ holds a 62.24% stake in the company as of October 31, 2025, and the matter has been approved by the board of directors but still requires a vote at the shareholders' meeting [1]

Core Viewpoint - The company, Arctech, announced plans to adjust its U.S. market operations in collaboration with its controlling shareholder, CSIQ, by establishing joint ventures for solar and energy storage businesses [1] Group 1: Business Adjustments - Arctech will form two joint ventures, M and N, to operate in the U.S. solar and energy storage sectors, with CSIQ holding 75.1% and CSI holding 24.9% [1] - The company intends to transfer 75.1% equity stakes in its overseas energy storage plant SSTH, overseas solar wafer plant THX1, and overseas battery plant GNCM to CSIQ for a total consideration of 352 million yuan [1] Group 2: Governance and Approvals - The transactions have been approved by the board of directors and the supervisory board but are still subject to approval by the shareholders' meeting [1] - The transaction requires a waiver for the controlling shareholder and actual controller to avoid commitments related to competition in the same industry [1]

Group 1: Industry Overview - High-tech industries in China face overcapacity issues, particularly in solar energy, lithium batteries, and new energy vehicles, due to intense competition among numerous players [1][13][19] - Local government incentives drive the rapid establishment of large projects to boost GDP, leading to a proliferation of companies in these sectors [1][22] Group 2: Competitive Landscape - In the solar industry, leading companies like Longi and Tongwei face competition from many second-tier players, indicating a crowded market [1] - In the lithium battery sector, CATL is a leader, but other companies like Zhongchuang and Guoxuan are also emerging, raising questions about the effectiveness of patent barriers [1][17] - The new energy vehicle market includes a mix of new entrants and established brands, with BYD investing heavily in R&D, yet still facing fierce competition [1][19] Group 3: Government and Economic Factors - Local governments prioritize GDP growth, leading to aggressive competition and support for large projects, which can result in overcapacity and financial strain on municipalities [1][22][24] - The structure of local government incentives encourages the establishment of numerous companies, which may not align with overall economic efficiency [22][24] Group 4: Technology and Innovation - The rapid diffusion of technology in China is attributed to a highly competitive environment where companies quickly replicate successful innovations [3][14][19] - The concept of "barriers" in technology is more about cost, efficiency, and scale rather than unique innovations that cannot be replicated [17][19] Group 5: Market Dynamics - The Chinese market's size allows multiple giants to coexist, unlike in smaller markets where monopolies can form [10] - The competitive nature of the Chinese market leads to a "super competitive ecosystem," where companies continuously strive to improve cost and efficiency [19][21]

每经AI快讯，有投资者在投资者互动平台提问：董秘您好：贵公司又中标1.86GWh加拿大储能超级大 单？ 阿特斯（688472.SH）11月28日在投资者互动平台表示，公司已签署合同，并将为加拿大安大略省迄今 规模最大的储能项目之一 "天望2号（Skyview 2）"提供全套储能解决方案及交钥匙EPC服务，项目规模 411MW/1,858MWh。 （文章来源：每日经济新闻） ...

Core Viewpoint - As of October 31, 2025, the company has secured energy storage orders amounting to 3.1 billion USD, which includes long-term service agreements [1] Group 1 - The company responded to an investor inquiry regarding its energy storage orders on an investor interaction platform [1] - The total energy storage orders are quantified in gigawatt-hours (GWh), although the specific GWh figure was not disclosed [1]

Core Viewpoint - Beijing Haibo Technology Co., Ltd. has achieved a significant breakthrough in the U.S. market by partnering with several companies, including a well-known Independent Power Producer (IPP), to provide energy storage solutions for projects in California and Georgia, marking an important milestone in the company's international strategy [2]. Group 1: Project Achievements - The company has successfully delivered over 420 MWh of energy storage products for the projects, which have now entered the commercial operation phase [2]. - The deployed HyperBlock III 5MWh liquid-cooled energy storage system will focus on energy dispatch needs, providing peak shaving and frequency regulation services, thereby alleviating local grid supply-demand fluctuations and optimizing renewable energy consumption efficiency [2]. Group 2: Service Commitment - Haibo Technology will continue to provide long-term warranties and comprehensive localized after-sales services, ensuring continuous optimization of equipment performance through system monitoring and regular maintenance [2]. Group 3: Industry Leadership - As a global leader in the energy storage industry, Haibo Technology has participated in over 400 energy storage projects, achieving a cumulative scale of over 45 GWh [4]. - The company has established a localized service network across major markets, providing 24/7 technical support to ensure stable and efficient operation of energy storage projects [4]. Group 4: Future Outlook - Looking ahead, Haibo Technology aims to leverage its technological research and global operations to deepen international cooperation and accelerate the layout of comprehensive energy services, contributing to the global transition to a green and low-carbon energy structure [4].

Group 1 - Recent significant price increases in battery electrolyte, with 6F reaching 165,000 yuan, VC at 170,000 yuan/ton, and EC at 5,900 yuan/ton, leading to active performance of related companies like Wanrun New Energy [1] - Current electrolyte "three heroes" are experiencing continuous price increase catalysts, with 6F prices expected to exceed profit expectations in the future, and it remains the most critical segment by 2026 [2] - VC additive production recovery by Shandong Genyuan is limited, with a monthly output of only 2,000 tons, and industry inventory is at its lowest this year, indicating a supply-demand imbalance [2] - EC solvent prices have risen by 25% this month, with factory inventory at its lowest level this year, allowing for upward price movement in the market [2] Group 2 - As of November 28, 2025, the Shanghai Stock Exchange's Sci-Tech Innovation Board New Energy Index (000692) rose by 1.20%, with component stocks like Wanrun New Energy up by 12.88% and Micro导纳米 up by 11.15% [3] - The Sci-Tech Innovation New Energy ETF (588830) increased by 0.96%, with the latest price at 1.48 yuan [3] Group 3 - Related products include Sci-Tech Innovation New Energy ETF (588830), ChiNext New Energy ETF (159261), and Photovoltaic ETF Fund (159863) [4] - Related stocks include companies such as Aters (688472), Trina Solar (688599), Jinko Solar (688223), Daqo New Energy (688303), and others [4]

Core Insights - The energy storage industry continues to experience high demand, with a significant increase in orders for energy storage cells, leading to a "one cell hard to find" situation in the market [1] - Major companies are reporting full production and sales, indicating a robust market environment, with production schedules extending into 2026 [1][2] - The industry is transitioning from "scale expansion" to "quality and efficiency improvement," with a focus on technological upgrades and cost control [3] Group 1: Market Demand and Supply - The energy storage cell market is witnessing a surge in orders, with companies like Longjing Environmental reporting production schedules extending to June 2026 [1] - Companies such as Hunan Youneng and Guizhou Anda Technology are operating at full capacity, driven by strong demand for both power and energy storage batteries [2] - The demand for phosphate cathode materials is expected to remain strong, supported by both power and energy storage battery markets [2] Group 2: Competitive Strategies - Companies are adopting strategies such as lean production and technological cost reduction to maintain competitive advantages [3] - Long-term strategic partnerships are becoming crucial for stable supply chains, exemplified by a ten-year agreement between Haibo Sichuang and CATL [3] - The industry is predicted to shift from a focus on total volume to structural competition, favoring companies with technological advantages and global supply chain capabilities [3] Group 3: Industry Challenges and Recommendations - The energy storage industry must avoid falling into price competition, advocating for industry self-discipline and standard constraints [4] - Emphasis on product differentiation and enhancing the performance of energy storage systems is essential [4] - Accelerating international expansion and certification processes will be vital for participating in global competition [4]