证券代码：600678 证券简称：四川金顶 编号：临2025—042 四川金顶（集团）股份有限公司 关于控股子公司增资扩股完成变更登记 并换发营业执照的公告 特别提示 统一社会信用代码：91510100MAC0AX1D6G 本公司及董事会全体成员保证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、本次增资事项概述 四川金顶（集团）股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第十届董事会第十五次会议，审议通过了《关于控股子公司 引入投资人增资扩股暨公司放弃优先认购权的议案》。同意公司控股子公 司——四川新工绿氢科技有限公司（以下简称"新工绿氢或子公司" ）引 入投资人四川兴雍私募基金管理有限公司（以下简称"兴雍基金"）进行 增资；兴雍基金向新工绿氢增资 1,800 万元，其中，增资款中 45.72 万元 计入注册资本，1,754.28 万元计入资本公积。增资完成后，新工绿氢注册 资本变更为 1,061.72 万元，兴雍基金取得新工绿氢 4.31%股权；公司放弃 本次增资的优先认购权。具体事项详见公司临 2025-027 号公告 ...

Group 1 - The article highlights the significant presence of Guang'an's manufacturing industry at the 20th Western China International Expo, showcasing nine manufacturing industry chains, including intelligent connected new energy vehicles and low-altitude economy [6][7][11] - Guang'an's exhibition area covered 1,500 square meters, featuring four major sections: city overview, cultural tourism integration, industrial rise, and agricultural revitalization, demonstrating the city's recent development [8] - The intelligent connected new energy vehicle sector displayed over 30 representative products, with local companies supplying components to major brands like Tesla and BYD, indicating a strong growth trajectory in this sector [8][10] Group 2 - During the expo, Guang'an's agricultural products and cultural creative products achieved over 800,000 yuan in on-site sales, with intention to purchase exceeding 5 million yuan, reflecting strong market interest [11] - The establishment of Jiangsu Jincheng Automotive Accessories Co., Ltd. in Guang'an is expected to generate an annual output value of 1.5 to 2 billion yuan and create 600 to 800 jobs, showcasing the region's attractiveness for investment [11][12] - Guang'an's economic cooperation bureau reported that local leaders have engaged in 65 rounds of investment negotiations this year, aiming to attract more enterprises and enhance the local industrial chain [12]

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 在能源转型的浪潮中，宁夏正以稳健的速度发展成为全国氢能与储能产业的重要枢纽。 2024年，宁夏交出了一份亮眼的"绿色答卷"：全年新增新能源装机超500万千瓦，总装机规模达 4132万千瓦，占全区电力装机比重的55%，成为 全国第四 个新能源成为第一大电源的省区。更值 得关注的是，这里的新能源利用率连续多年 超96% ，稳居 西北第一 ，每3度电中就有1度是清洁绿 电。 在氢能领域，宁夏的表现尤为突出。2024年，全区 绿氢产能达2.8万吨/年 ，位居 全国第二 ，成为 当之无愧的氢能生产大省。新型储能领域同样成绩斐然，全年新增 20座新型储能电站 ，累计并网 47座，装机规模达471.9万千瓦/944.1万千瓦时， 全国排名第五 ，展现出多元化的储能技术布局。 重要会议： 2025势银（银川）长时储能产业大会（7月2日-3日，宁夏·银川） 点此报名 添加文末微 ...

在郑开同城化战略进入全面实施阶段的关键时刻，市政府近日印发《郑州市支持河南中牟新区加快 发展若干先行政策措施》，18条含金量十足的"政策大礼包"全面助力中牟新区发展跑出"加速度"。 将新区规划纳入郑州市规划体系 2024年11月，作为我省第一个省级新区，河南中牟新区挂牌成立。规划建设的中牟新区是推动郑开 同城化提速提质、更好支持郑州发挥都市圈核心作用、引领带动中原城市群实现高质量发展的重要举 措，定位为郑开同城化发展先行区、创新驱动发展引领区、文化旅游创意融合区、先进制造业重要基 地、城乡融合发展示范区。 谋定后动，规划先行。《政策措施》绘制了新城发展的"路线图"，明确提出，指导新区编制《河南 中牟新区总体发展规划》，充分衔接市"十五五"规划等重点规划及各领域专项规划。将新区规划纳入郑 州市规划体系统一管理，重点将新区建设纳入全市轨道交通、枢纽体系、城市基础设施更新改造等专项 规划。 "规划权限"上有突破。《政策措施》明确，"依法依规下放、委托或授权新区行使部分市级开发建 设和经济管理权限"，这意味着中牟新区将获得更大的发展自主权。权限下放如同"松绑放权"，能让中 牟新区更加灵活地应对市场需求，吸引企业落地。 ...

Group 1: Artificial Intelligence Development in Hangzhou - Hangzhou aims to accelerate the construction of an artificial intelligence innovation hub, emphasizing high standards and practical actions to lead in the AI wave [1][2] - The city has nearly 700 core AI enterprises, with the AI industry expected to account for over 70% of the province's total output value by 2024 [2] - The "14th Five-Year Plan" for AI development in Hangzhou aims to establish the city as a globally influential AI leader, with a focus on becoming a national AI innovation highland [2][3] Group 2: Goals and Implementation Plans - By the end of 2025, Hangzhou targets to exceed 50 EFLOPS in intelligent computing service scale, develop two internationally leading foundational models, and achieve over 390 billion yuan in core AI industry revenue [3] - The city plans to establish an industrial fund for AI exceeding 100 billion yuan to support the growth of the sector [3] Group 3: Challenges and Opportunities - Despite being in the first tier of domestic cities for AI, Hangzhou faces challenges such as insufficient R&D investment and key technology bottlenecks, with local startups having shorter survival periods compared to those in Beijing and Shenzhen [3]

点击 最 下方 " 推荐"、"赞 "及" 分享 "，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 图表：中标项目电解槽单瓦平均价值量对比（元/W） 图表：生产侧氢价指数呈长期震荡下降态势 图表:绿氢项目立项超650万吨 2023.4 =2024.4 =2025.4 250.0 200.0 150.0 4.00 100.0 2.00 1.00 PEM槽 (元/W) 碱 (元/V) 资料来源:政府官网、国际氢能网等,国金证券研究所 资料来源:中国招标与采购网,国金证券研究所 资料来源:中国氢能联盟,国金证券研究所 · 预计2025年绿氢项目对应制氢设备招标量新增1.5GW，对应绿氢产能约15万吨。根据《氢能产业发展中长期规划（2021- 2035年）》，可再生能源制氢产能规划达到10-20万吨。目前可再生能源制氢落地产能在11万吨左右，距离2025年目标缺 口约为9万吨。随着设备降价、绿氢项目陆续动工,25年将能看到标杆性的大项目招标落地。 · 预计2025年氧燃料电池汽车新增上万辆。根据《氢能产业发展中长期规划（2021-2035年）》，2025年燃料电池汽车保有 量计划达到5万辆。截至2025年4月 ...

Core Viewpoint - Longi Green Energy has reported a decline in photovoltaic product prices since May 2025, attributing this to the end of the domestic photovoltaic rush and changes in terminal demand, with prices stabilizing at previous low levels [1] Group 1: Photovoltaic Market Dynamics - The company acknowledges that the photovoltaic market demand was in a relatively off-season from January to February 2025, leading to prices falling below production costs, which significantly impacted the gross margin in Q1 2025 [1] - Longi Green Energy has implemented a strict production model based on sales, adjusting component production schedules according to market demand and order situations, maintaining controllable overall inventory [1] Group 2: HPBC2.0 Product Development - The HPBC2.0 product has seen increased customer recognition globally, with cumulative orders significantly rising since the beginning of the year, over 50% of which are from overseas clients [2] - The production cost of HPBC2.0 components is currently slightly higher than that of TOPCon products, but it is expected to be comparable by the end of 2025 [2] - The yield rate for the currently operational HPBC2.0 battery production lines is around 97% [2] - Longi Green Energy aims to achieve a production capacity of 50GW for HPBC2.0 batteries and components by the end of 2025, with about 50% of the new capacity coming from the transformation of existing production lines [2] Group 3: Market Distribution and Strategy - In 2024, Longi Green Energy's component shipment distribution aligns with global market demand, with China accounting for approximately 55% of the company's external sales, while overseas markets are primarily in Asia (21%) and Europe (16%) [3] - The company’s 5GW component joint venture factory in the U.S. has reached full production, and the lower anti-dumping tariffs in Malaysia compared to other Southeast Asian markets allow continued exports to the U.S. without adjusting shipment targets [3] - Longi Green Energy maintains a cautious approach to capacity expansion amid ongoing industry transformations and currently has no plans to expand overseas production capacity [3] Group 4: Hydrogen Energy Business - The hydrogen energy sector is still in its early stages, with large-scale terminal demand expected to take time to develop, but the long-term growth logic remains unchanged under the carbon neutrality context [4] - The company is focusing on research and innovation in hydrogen technology, aiming to enhance the performance of hydrogen equipment products and expand its global market presence [4] - Since 2025, Longi Green Energy has secured electrolyzer orders from domestic and international clients, gradually building its brand influence in the global market [4]

[Table_IndNameRptType] 电力设备 行业周报 绿电直连有望提振需求，海风项目稳步推进 [Table_IndRank] 行业评级：增持 报告日期： 2025-06-05 [Table_Chart] 行业指数与沪深 300 走势比较 -29% -17% -5% 7% 19% 31% 5/24 8/24 11/24 2/25 电力设备 沪深300 [Table_Author] 分析师：张志邦 执业证书号：S0010523120004 邮箱： zhangzhibang@hazq.com 分析师：刘千琳 执业证书号：S0010524050002 邮箱： liuqianlin@hazq.com 分析师：王璐 执业证书号：S0010525040001 电话：18301818122 邮箱： wanglu1@hazq.com 分析师：郑洋 执业证书号：S0010524110003 邮箱： zhengyang@hazq.com [Table_Report] 相关报告 1.光伏产业链价格下降，特高压建设 进入释放期 2025-04-29 主要观点： ⚫[Table_Summary] 光伏：6 月排产下行，产业链 ...

[Table_IndNameRptType] 电力设备 行业周报 绿电直连有望提振需求，海风项目稳步推进 [Table_IndRank] 行业评级：增持 报告日期： 2025-06-05 [Table_Chart] 行业指数与沪深 300 走势比较 -29% -17% -5% 7% 19% 31% 5/24 8/24 11/24 2/25 电力设备 沪深300 [Table_Author] 分析师：张志邦 抢装对价格的影响减弱，本周硅料及 N 型电池片再次降价。建议关注全 年确定性相对较高的 BC 产业趋势。 执业证书号：S0010523120004 邮箱： zhangzhibang@hazq.com 分析师：刘千琳 执业证书号：S0010524050002 邮箱： liuqianlin@hazq.com 分析师：王璐 执业证书号：S0010525040001 电话：18301818122 邮箱： wanglu1@hazq.com 分析师：郑洋 执业证书号：S0010524110003 邮箱： zhengyang@hazq.com [Table_Report] 相关报告 1.光伏产业链价格下降，特高压建设 进 ...

Group 1 - Sichuan Province has issued a long-term development plan for the hydrogen energy industry, aiming for breakthroughs in high-end hydrogen equipment and key technologies by 2027, with a complete "production-storage-transportation-application" ecosystem [1] - The plan includes promoting over 4,000 hydrogen fuel cell vehicles and establishing 1-2 hydrogen rail transit demonstration lines, along with the construction of over 40 hydrogen refueling stations [1] - The comprehensive application cost of fuel cell commercial vehicles is targeted to be on par with similar fuel vehicles, positioning the industry’s strength and application scale among the top tier in the country [1] Group 2 - CITIC Securities highlights the value of hydrogen-based green energy driven by three main factors: mature technology, strong policy support, and promising economics, predicting a CAGR of 84% for green hydrogen demand from 2025 to 2030 [2] - The investment amount in hydrogen-based green fuels is estimated to reach 440 billion yuan, with a focus on suppliers of electrolyzers and biomass gasification furnace equipment [2] - The report emphasizes the importance of project location near fuel refueling ports and biomass-rich areas for clean energy operators [2] Group 3 - Zhongyin Securities identifies energy conservation and carbon reduction as core drivers for hydrogen energy development in China, with an expected increase in hydrogen application scale in industries like steel, refining, and ammonia synthesis [3] - By 2025, a standard system for the entire hydrogen energy chain is anticipated to be established, supporting the development of hydrogen energy in China [3] - The report recommends companies with cost and technology advantages in electrolyzer manufacturing, as well as those involved in green alcohol and green ammonia supply, due to the expected rise in hydrogen demand in industrial and shipping sectors [3]