华夏时报记者叶青北京报道 根据深交所最新披露的信息，无锡江松科技股份有限公司（下称"江松科技"）IPO的状态从中止变更为 已问询。这标志着这家国内光伏电池智能自动化设备领域头部企业，创业板IPO进程迈入关键阶段。自 2007年成立以来，江松科技深耕光伏装备赛道近二十年，已跻身行业前三梯队，核心服务隆基绿能、通 威股份等光伏头部企业，是产业链核心装备环节的重要参与者。 作为光伏产业链核心环节，设备厂商发展与行业周期深度绑定，江松科技的IPO之路，既是专精特新企 业的成长缩影，也折射出当前光伏装备行业在"降本增效"与"技术变革"双重驱动下的生存现状。然而， 当前光伏行业产能过剩、新增订单骤降，以及资产负债率等风险，使其IPO闯关充满变数。针对上述问 题，记者发送采访函，公司回复称邮件已收悉，有关问题请查阅公司招股书及公开披露信息。 江松科技高增长遇考 据天眼查，江松科技前身为成立于2007年10月9日的无锡市江松机械设备有限公司，2021年12月整体变 更为无锡江松科技股份有限公司，法定代表人为左桂松。江松科技是一家高端智能装备生产厂商，目前 主要从事高效光伏电池智能自动化设备的研发、生产与销售，是国内光伏电池智 ...

本报（chinatimes.net.cn）记者叶青 北京报道 江松科技高增长遇考 据天眼查，江松科技前身为成立于2007年10月9日的无锡市江松机械设备有限公司，2021年12月整体变 更为无锡江松科技股份有限公司，法定代表人为左桂松。江松科技是一家高端智能装备生产厂商，目前 主要从事高效光伏电池智能自动化设备的研发、生产与销售，是国内光伏电池智能自动化设备领域的龙 头厂商。 公司主要产品包括光伏电池扩散退火、PECVD、湿法制程等工序的智能自动化设备和其他光伏设备， 能够为客户提供智能、高效的全流程智能装备整体解决方案。招股书显示，2022年至2024年，江松科技 实现了营收与利润的快速增长。其中，营业收入分别为8.07亿元、12.37亿元和20.19亿元，三年间增长 150%；净利润分别为8835万元、1.31亿元和1.84亿元，扣非后净利润分别为8583.64万元、1.28亿元和 1.87亿元，盈利能力稳步提升。 值得关注的是，虽然业绩持续增长，但应收账款存在回收风险。据招股书，报告期各期末，公司应收账 款账面余额分别为2.97亿元、4.07亿元、6.01亿元和8.23亿元，占当期营业收入的比重分别为3 ...

证券日报网讯12月30日，晶盛机电（300316）在互动平台回答投资者提问时表示，在光伏装备领域，公 司产品覆盖了硅片、电池和组件环节，为客户提供光伏整线解决方案，公司重视研发和新产品新技术的 开发，积极关注电池环节的各种新技术和新路线的发展，进展情况请关注公司后续的公开信息。 ...

证券日报网讯12月9日，晶盛机电（300316）在互动平台回答投资者提问时表示，在光伏装备领域，公 司产品覆盖了硅片、电池和组件环节，为客户提供光伏整线解决方案，公司重视研发和新产品新技术的 开发，积极关注电池环节的各种新技术和新路线的发展，进展情况请关注公司后续的公开信息。 ...

证券日报网讯12月8日，金辰股份（603396）在互动平台回答投资者提问时表示，公司目前主导产品为 太阳能光伏组件自动化生产线成套装备和太阳能光伏电池制造装备，专业从事高端智能装备的研发、设 计、制造、销售和相关服务，凭借自身在真空镀膜、自动化集成、图像识别与视觉检测、工业软件、数 据管理等方面掌握的核心技术，为光伏行业提供成套光伏组件自动化生产线、光伏电池制造装备和项目 交钥匙工程服务。客户多为国内外光伏行业内知名上市公司，公司在太阳能光伏装备领域占据较好的市 场地位。 ...

Summary of Jinsheng Electric's Conference Call Company Overview - **Company**: Jinsheng Electric - **Industry**: Semiconductor and Photovoltaic Equipment Key Points Financial Performance - In the first half of 2025, Jinsheng Electric achieved a revenue of 5.799 billion yuan and a net profit attributable to shareholders of 639 million yuan [3] - The company reported a net cash inflow from operating activities of 447 million yuan, a year-on-year increase of 55.84%, indicating improved financial management [2][4] Business Segments - Jinsheng Electric focuses on three main business segments: semiconductor equipment, substrate materials, and consumables [2] - The company has over 3.7 billion yuan in unfulfilled contracts for integrated circuits and compound semiconductor equipment as of June 30, 2025 [3] Semiconductor Equipment - The company successfully delivered 12-inch silicon epitaxy equipment to leading domestic clients and is promoting 8-inch silicon carbide (SiC) epitaxy equipment [3] - New products such as the 12-inch dry-in dry-out edge polishing machine and double-sided thinning machine are undergoing customer validation [3] - Jinsheng Electric is a market leader in large silicon wafer equipment and is expanding its overseas market for semiconductor components and consumables [3][4] Photovoltaic Equipment - The company is optimistic about the long-term development of the photovoltaic industry and is addressing overcapacity challenges through technological innovations [2][5] - New products like Topcon efficiency EPD equipment and BC end silver-free multi-wire welding equipment are expected to have a positive impact from 2025 to 2026 [5][6] Silicon Carbide (SiC) Development - Jinsheng Electric has made significant advancements in 12-inch SiC crystal growth technology and is validating 8-inch SiC substrates with global customers [2][4] - The company plans to produce 600,000 wafers per month to meet future market demand, anticipating that 8-inch SiC will fully replace 6-inch [2][7] - The expected turning point for SiC development is projected for 2026-2027, particularly in the automotive sector [3][11] Market Outlook - The company expects a significant increase in demand for 8-inch conductive chips and MOSFETs by 2026-2027, driven by investments from major players like Infineon [9][11] - The photovoltaic industry is recovering from a downturn, and Jinsheng Electric is focused on maintaining order expansion and enhancing competitiveness through innovation [16] Challenges and Strategies - The company faces challenges in the photovoltaic equipment sector due to intense competition and cash flow pressures, particularly in the dry pot and diamond wire segments [28] - Jinsheng Electric is committed to continuous investment in key areas to ensure long-term sustainable development despite current financial performance not meeting expectations [29] Inventory and Supply Chain - The company maintains a lean inventory in the photovoltaic sector, while semiconductor components are stocked due to the long cycle nature of the industry [20] Conclusion - Jinsheng Electric is strategically positioned in the semiconductor and photovoltaic equipment markets, with a focus on innovation and expansion to capture future growth opportunities in the SiC and photovoltaic sectors [2][3][4][5][6][7][11][16][29]

Group 1 - The collaboration between the domestic high-end photovoltaic equipment company and CloudCC marks a significant step in integrating smart manufacturing and digital management, advancing the "smart manufacturing + digital services" dual-driven strategy [1] - The partnership aims to optimize customer lifecycle management, accelerating the intelligent collaboration and global layout of the photovoltaic industry chain [1] - The company promotes a new generation of high-efficiency battery + smart manufacturing production model, establishing a virtuous cycle between equipment development and process improvement [1] Group 2 - The company is a core enterprise under the China Electronics Technology Group, possessing comprehensive production and R&D capabilities in photovoltaic equipment, and is a key player in the solar energy industry [1] - The CloudCC system will help achieve three core objectives: refined project management, efficient service collaboration, and intelligent decision support through big data analysis [1] - The leadership emphasizes that this collaboration is an important extension of the "equipment + process + service" strategy, enhancing lifecycle management capabilities and accelerating the integration of digital technology in the photovoltaic equipment industry [2]

Group 1: Company Performance - The company achieved an annual revenue of 8.723 billion yuan in 2024, representing a year-on-year growth of 20.92% [2] - The net profit attributable to shareholders reached 429 million yuan, with a year-on-year increase of 27.42% [2] - The company's overall asset-liability ratio for the photovoltaic business was 77.84% as of December 31, 2024 [5] Group 2: Shareholder Returns - The company distributed a cash dividend of 0.87 yuan per 10 shares, totaling 54,027,415.69 yuan (including tax) for the 2023 annual distribution [3] - For the 2024 profit distribution plan, the company proposed a cash dividend of 0.70 yuan per 10 shares, amounting to 43,601,234.46 yuan (including tax) [3] Group 3: Market Challenges and Strategies - The photovoltaic industry is facing challenges due to supply-demand imbalances, impacting overall profitability [5] - The company plans to increase R&D investment in new battery technology and establish a localized service network in Southeast Asia and Europe to mitigate risks [6] - The company aims to diversify its customer base and enhance cost management to improve risk resilience and profitability [6] Group 4: Regulatory and Investor Relations - The company is under investigation by the China Securities Regulatory Commission, with no conclusive findings reported yet [4] - The company emphasizes the importance of investor relations and commits to transparent communication with shareholders [2] - The company is required to disclose the progress of the investigation regularly, typically on a monthly basis [6]

Group 1: Key Changes from "Made in China 2025" - The foundation of China's modernization industrial system is manufacturing, aiming to break through technological barriers and enhance competitiveness from "large but weak" to "large and relatively strong" [2][3] - By 2024, China's manufacturing share of global manufacturing is projected to rise from 20% in 2010 to 34%, with manufacturing value added being twice that of the US and four times that of Japan and Germany [3] - China's manufacturing supply chain is unique globally, covering all 41 major categories recognized by the UN, with 40% of these categories being the largest in global production [3] - The export structure has shifted significantly, with exports increasing from over $1.6 trillion in 2010 (70% labor-intensive products) to over $3.4 trillion in 2024 (90% technology-intensive products) [3] - The shipbuilding export market share increased from 20% in 2010 to 55% in 2024, while automotive production reached over 30 million units in 2024, with exports exceeding 6 million units [3] Group 2: Changes in Production and Trade - The production method has fundamentally changed, with processing trade dropping from over 50% to 20% by 2024, while general trade has risen to 60%-70% [5] - The trade volume between China and ASEAN countries grew from $600 billion in 2019 to nearly $1 trillion in 2024, a nearly 70% increase [6] - Foreign investment has deepened, with annual foreign direct investment increasing from $20 billion in the 1980s to over $120 billion from 2010 to 2020 [7] Group 3: New Quality Productivity Development - The development of new quality productivity focuses on three tracks: strategic emerging industries, upgrading traditional industries, and the growth of productive service industries [9][12] - Traditional industries are expected to undergo green, low-carbon, and digital upgrades, with a focus on reducing resource consumption and improving recycling rates [10][13] - The productive service industry is seen as a new engine for economic growth, with its GDP share currently at around 27%, indicating significant potential for future development [14] Group 4: Open Economy Strategy - In the context of potential future trade tensions, China has established four principles and five strategies to maintain its openness and competitiveness [15] - The principles include preparing for challenges, maintaining confidence, safeguarding core interests, and addressing weaknesses [15] - The strategies highlight China's vast market, complete industrial chain, and the importance of technological innovation as key assets in its open economy approach [15]

Meeting Overview - The first session of the Supervisory Board of Laplace New Energy Technology Co., Ltd. was held on April 2, 2025, with all three supervisors present, including one via remote voting [2][3] Resolution Summary - The Supervisory Board approved the proposal to change the implementation location of the fundraising investment project, confirming that the change aligns with the company's actual situation and does not harm the interests of the company or its shareholders [3][12] Fundraising Details - The company raised a total of 710 million yuan (approximately 71.26 million) through its initial public offering, with a net amount of 625 million yuan (approximately 62.5 million) after deducting issuance costs [7] Project Location Change - The original implementation site for the "High-end Photovoltaic Equipment R&D and Production Headquarters Project" was in Shenzhen, covering an area of 25,422.97 square meters. The new site will be a combined area of 15,199.93 square meters and the original site, ensuring efficient land use [8][9] Impact of Location Change - The change in project location is based on operational needs and does not alter the project's content or funding usage, ensuring compliance with relevant regulations and maintaining shareholder interests [10][12] Approval Process - The proposal for the location change was approved during the meetings of both the Board of Directors and the Supervisory Board on April 2, 2025, and did not require further shareholder approval [11][12]