香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited （於開曼群島註冊成立的有限公司） （股份代號：712） 我們深信本公司將與其債權人達成友好的和解方案，本公司藉此將終於能夠解決 其負債問題，從而降低（即使並非全部）至少本集團大部分的淨負債。董事正努力 將本公司的財務狀況恢復至穩健水平。 業務營運最新消息 自願性公佈 季度業務最新消息 本公佈由卡姆丹克太陽能系統集團有限公司（「本公司」，連同其附屬公司統稱「本 集團」）自願刊發，旨在向本公司股東及潛在投資者提供本集團最新業務發展消息。 茲提述本公司於二零二五年五月二日刊發截至二零二四年十二月三十一日止年度 （「二零二四財年」）的年報（「二零二四年年報」）、本公司於二零二五年九月三十 日刊發截至二零二五年六月三十日止六個月的中期報告（「二零二五年中期報告」） 及本公司日期為二零二五年五月二十八日的公佈（「第 ...

Market Overview - The three major indices in the A-share market experienced a rebound, with total trading volume slightly increasing to 1.82 trillion yuan compared to the previous day [1] - The U.S. government has resumed operations, but the spending release from the TGA account will take time, and there are internal disagreements within the Federal Reserve regarding potential interest rate cuts in December [1] - The market lacks strong catalysts for further upward movement in the short term, with a potential acceleration in rotation speed [1] U.S.-China Relations - President Xi Jinping and President Trump had a phone call on November 24, indicating a stable and positive trend in U.S.-China relations since the Busan meeting [2] - The call reflects a shift towards a more normalized communication mechanism between the two countries, with a willingness to translate consensus into practical cooperation [2] Monetary Policy - The People's Bank of China announced a 1 trillion yuan MLF operation to maintain liquidity in the banking system, with a net injection of 100 billion yuan for November [2] - This marks the ninth consecutive month of increased MLF operations, supporting credit growth and economic stability [2] Energy Sector - As of the end of October, China's total installed power generation capacity reached 3.75 billion kilowatts, a year-on-year increase of 17.3% [3] - Solar power capacity grew by 43.8% year-on-year, while wind power capacity increased by 21.4%, indicating accelerated progress in renewable energy adoption [3] - However, the average utilization hours of power generation equipment decreased by 260 hours year-on-year, suggesting a continued loose power supply-demand balance [3] Stock Market Performance - On November 25, the A-share indices rose, with the Shanghai Composite Index up 0.87% and the Shenzhen Component Index up 1.53% [4] - The communication, media, and non-ferrous metals sectors led the gains, while defense and transportation sectors saw slight declines [4] Fund Tracking - The market turnover reached 1.826 trillion yuan, showing an increase from the previous trading day, while the margin trading balance decreased [5]

Core Viewpoint - The integration of ecological governance and green finance in the Kubuqi Desert has transformed it from an ecological threat to a model of sustainable development, significantly reducing sediment flow into the Yellow River and creating employment opportunities for local communities [1][2][3]. Group 1: Ecological Governance and Financial Support - The Kubuqi Desert, covering an area of 2,116 million mu, has seen a reduction in sediment flow from 27 million tons to 4 million tons due to comprehensive management efforts [1]. - The innovative governance model in Ordos City emphasizes government leadership, financial support, enterprise involvement, and community participation, leading to a successful ecological revolution [1][2]. - In the first half of the year, the People's Bank of China in Ordos issued low-cost loans totaling 1.01 billion yuan for integrated photovoltaic projects aimed at desertification control, resulting in a carbon reduction of 41,580 tons [2]. Group 2: Project Implementation and Impact - The successful integration of photovoltaic projects in the Kubuqi Desert has led to a projected annual power generation of over 1.8 billion kWh, replacing approximately 600,000 tons of standard coal and reducing CO2 emissions by about 570,000 tons [2][3]. - The first completed project in the region, a 500,000 kW photovoltaic initiative, has effectively reduced wind speed by 40% and sand dust migration by 65% through various ecological measures [3]. - Financial institutions have provided comprehensive support, with total credit exceeding 5 billion yuan for photovoltaic desertification control projects, including 130 million yuan in low-cost funds [3]. Group 3: Innovative Financial Products - The People's Bank of China in Ordos has promoted innovative financial products such as "desertification loans" and "rural revitalization loans" to support long-term desertification projects [4]. - A loan of 2 million yuan was issued to a local agricultural company under favorable interest rates and government subsidies, enabling the company to manage 4,000 mu of desert land and create over 50 jobs [4][5]. - The Industrial and Commercial Bank of China has developed a "desertification loan" product to address funding challenges faced by cooperatives and collective economic organizations involved in ecological projects [5][6].

Core Insights - The global floating solar panel market is projected to grow significantly over the next seven years, driven by land scarcity, government mandates for renewable energy, and technological efficiency advantages [1][2] - The market size is expected to reach $55.11 million in 2024 and grow to $84.90 million by 2032, with a compound annual growth rate (CAGR) of 5.55% from 2025 to 2032 [1] - Floating photovoltaic (FPV) systems are becoming a core component of decarbonization strategies in countries with limited land availability [1] Market Dynamics - The Asia-Pacific region, particularly Japan and China, is leading the global deployment of floating solar technology [2] - Japan is expected to account for 14% of the global market in 2024, with a market size of $7.70 million, driven by land scarcity and policy support [2] - The U.S. market is projected to be approximately $6.40 million (11.6% of the market), with California and Florida promoting the integration of panels with water treatment facilities [2] Competitive Landscape - The top five companies, including Ciel & Terre and Trina Solar, are expected to hold a combined market share of 64% in 2024, with Ciel & Terre leading with 1.2 GW of global installed capacity [2] - The report indicates that floating solar is moving towards commercial maturity, with future growth focusing on hybrid systems that combine floating solar with hydropower and energy storage to enhance grid reliability [2] Technological Advantages - Floating solar technology addresses two major challenges in large-scale solar deployment: land competition and high energy demand [2] - Installing panels on artificial water bodies such as reservoirs and industrial ponds avoids conflicts with agricultural or urban development [2] - The natural cooling effect of water bodies can enhance panel efficiency by approximately 9% compared to ground installations, while also reducing evaporation, which is particularly valuable in arid regions [2]

中概股方面，纳斯达克中国金龙指数涨2.82%，个股方面，禾赛科技涨超18%，小马智行涨超12%，阿 特斯太阳能涨逾10%。 黄金方面，昨日现货黄金大涨，逼近4140美元/盎司，今早，黄金小幅高开后突然走低。 美联储官员释放降息信号 消息面上，美联储两位官员发声，释放降息信号。 （原标题：降息突发大消息！美联储重磅发声！黄金突变！） 周一，全球资产拉涨。美联储再度密集释放降息信号，12月降息概率大增。 黄金突然走低 美股方面，道指涨0.44%，标普500指数涨1.55%，纳指涨2.69%。 大型科技股集体上涨。个股方面，特斯拉涨近7%，谷歌涨超6%，亚马逊涨近3%，脸书涨超3%，英伟 达涨超2%。 他表示，明年1月份将充满挑战，大量数据将陆续公布，以判断是否需要再次降息，需要逐次会议地进 行评估。 此外，他还表示，9月份就业数据可能会被下修，数据集中出现并非好兆头，没有迹象表明企业即将掀 起招聘热潮。通胀方面，他认为通胀将开始下降，剔除关税后的通胀率约为2.4%或2.5%，关税对通胀 的影响不大，只是一次性的。 他还认为政府正在寻找一位有经验、知道如何胜任这项工作（美联储主席）的人，为了保持清晰度和透 明度，新 ...

Core Insights - The European Investment Bank (EIB) has provided a loan of $266 million to Morocco for solar energy projects [1] Group 1 - The funding aims to support the development of solar energy infrastructure in Morocco [1] - This investment aligns with global trends towards renewable energy and sustainability [1] - The loan is part of EIB's broader strategy to finance green projects in various regions [1]

当美国犹豫不决、欧洲举棋不定时，中国正凭借太阳能发电场、电池和电动汽车，全速迈向绿色未 来。贝伦气候峰会证明了：没有中国的硬件产品，世界将无法实现其气候目标。 如今，超过60%的电动汽车产自中国，超过70%的电池也在中国生产。曾经被嘲笑的比亚迪超越了 特斯拉，电池巨头宁德时代展示了"充电5分钟，续航520公里"的电池。中国电动汽车价格实惠，不仅得 益于技术优势，还归功于高效的组织结构：激烈的市场竞争、自动化生产以及从原材料到产品交付的垂 直整合模式，降低了生产成本。 那么，中国是如何成为全球绿色领导者的？中国在能源转型方面的飞跃并非偶然，而是过去数十年 经济快速增长的结果。中国将社会投资、灵活开放、严格规划与市场激励相结合，打造出一个兼具规 模、速度和方向的经济体。 先说说社会基础。从一开始，中国就投入大量资金用于教育、医疗和社会保障，培养出健康且受过 良好教育的大量劳动者。重要的是，工资水平与生产率同步增长，这既维护了社会稳定，又培育出庞大 而充满活力的国内市场。 在此基础上，基础设施和技术成为"加速器"。中国快速建成了铁路、公路、港口和能源网络。同 时，大规模投资研发，在科学出版物和专利数量上跃居世界前列 ...

Core Viewpoint - The company has successfully achieved supply of materials for perovskite solar cells and is currently meeting downstream market demand [1] Group 1: Company Developments - The company's production capacity for perovskite solar cell materials is sufficient to satisfy current market needs [1] - Downstream partners are primarily in the product development or optimization phase, indicating a focus on innovation and improvement [1] - The company aims to plan its production capacity based on downstream market demand and is committed to providing products and technical support to more downstream enterprises [1]

Group 1 - The company has achieved production capacity for perovskite solar cell materials that meets current market demand [2] - The downstream market is primarily in the product development or optimization phase, indicating potential for future growth in perovskite solar cells [2] - The company plans to adjust production capacity based on downstream market demand and aims to provide products and technical support to more downstream enterprises [2]

Market Performance - The three major U.S. stock indices rebounded last Friday, with the Dow Jones Industrial Average rising by 1.08% to close at 46,245.41 points, the Nasdaq increasing by 0.88% to 22,273.08 points, and the S&P 500 gaining 0.98% to 6,602.99 points [1] - The performance of the "Big Tech" companies was mixed, with Google leading the gains at 3.53%, followed by Apple at 1.97%, Amazon at 1.63%, and Meta at 0.87%. In contrast, Microsoft fell by 1.32%, Tesla by 1.05%, and Nvidia by 0.97% [1] Chinese Market Highlights - The Nasdaq China Golden Dragon Index increased by 1.23%, with notable gains from companies such as NetEase Youdao at 7.14%, Canadian Solar at 5.6%, and NIO at 3.33% [2] - The WTI crude oil for January fell by $0.94 to $58.06 per barrel, a decrease of 1.59%, while Brent crude oil dropped by $0.82 to $62.56 per barrel, down 1.29% [2] - The spot gold price decreased by 0.26%, settling at $4,066.21 per ounce [2] Regulatory Developments - The National Internet Information Office and the Ministry of Public Security have drafted a regulation on personal information protection for large online platforms, requiring that personal information collected within China be stored domestically [2] - The Ministry of Finance announced that savings bonds will be included in personal pension products, with allocation ratios adjusted quarterly based on the investment status of pension accounts [3] Industry Growth Projections - The low-altitude economy market in China is projected to reach 1.5 trillion yuan by 2025 and is expected to exceed 2 trillion yuan by 2030, driven by rapid industry expansion [4] - The first large-capacity all-solid-state battery production line in China has been established and is currently undergoing small-scale testing [5] - As of now, the annual box office for Chinese films in 2025 has surpassed 46 billion yuan, with new releases anticipated as the holiday season approaches [5]