每经AI快讯，双良节能（SH 600481，收盘价：6.02元）9月19日晚间发布公告称，公司九届一次董事会 会议于2025年9月19日在公司总部五楼会议室以现场结合通讯方式召开。会议审议了《关于选举公司第 九届董事会专门委员会委员的议案》等文件。 2025年1至6月份，双良节能的营业收入构成为：光伏新能源占比68.99%，节能节水占比31.13%，分部 间抵销占比-0.12%。 截至发稿，双良节能市值为113亿元。 每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ （记者 王晓波） ...

Group 1 - The company, Shuangliang Energy, announced the convening of its eighth board meeting on August 5, 2025, to discuss the proposal for the third extraordinary general meeting of shareholders in 2025 [2] - For the fiscal year 2024, Shuangliang Energy's revenue composition is as follows: 75.23% from photovoltaic new energy, 23.03% from energy-saving and water-saving initiatives, and 1.74% from other businesses [2]

Group 1 - The article discusses the "Three Exemptions and Three Reductions" tax policy for enterprises engaged in key public infrastructure projects, which allows for a three-year exemption from corporate income tax and a 50% reduction for the following three years [1][5]. - Eligible projects include ports, airports, railways, highways, urban public transport, electricity, and water conservancy, as specified in the "Public Infrastructure Project Corporate Income Tax Preferential Directory" [1][5]. - Enterprises must meet specific conditions, such as spatial independence of different construction batches and the ability of each batch to generate income [2][3]. Group 2 - The article outlines tax incentives for enterprises involved in environmental protection and energy-saving projects, which also receive a three-year exemption and a 50% reduction in corporate income tax for the subsequent three years [5][6]. - Eligible projects include public sewage treatment, public waste treatment, biogas utilization, energy-saving technology upgrades, and seawater desalination [5][6]. - If a project enjoying tax exemptions is transferred during the exemption period, the new owner can continue to benefit from the remaining tax incentives [6]. Group 3 - Tax incentives are available for qualified energy service companies implementing contract energy management projects, with similar tax benefits as outlined for other projects [7][8]. - The article also mentions tax exemptions for drinking water project management units, which receive the same tax benefits for new drinking water projects as other public infrastructure projects [9][10]. Group 4 - The article cites various legal documents that provide the basis for these tax policies, including the Corporate Income Tax Law of the People's Republic of China and relevant notices from the Ministry of Finance and the State Administration of Taxation [10].

Core Viewpoint - The company is facing significant challenges in its financial performance due to a downturn in the photovoltaic industry, resulting in a substantial decrease in revenue and net profit for the year 2024 [8][20]. Company Overview - The company reported a total revenue of 1,303,780.89 million yuan for 2024, a decrease of 43.68% year-on-year [8]. - The net profit attributable to shareholders was -213,368.56 million yuan, representing a year-on-year decline of 242.10% [8]. - The weighted average return on equity was -36.07%, down by 57.22 percentage points compared to the previous year [8]. Business Segments - The company operates in two main segments: equipment manufacturing and clean energy, with the former providing stability and the latter driving growth [8]. - The equipment manufacturing segment has achieved breakthroughs in heat pumps, heat exchangers, and air cooling, while the clean energy segment has made significant investments in photovoltaic and hydrogen energy technologies [8][20]. Market Conditions - The photovoltaic industry is experiencing a downturn, with the company’s component business achieving some performance breakthroughs despite the overall industry losses [8][20]. - The global photovoltaic market is projected to continue growing, with an expected addition of nearly 530 GW of new installations in 2024, despite a slowdown in growth rates [24][25]. Regulatory Environment - The company is subject to various regulations, including the newly implemented "Water Conservation Ordinance," which emphasizes the importance of water-saving technologies in industrial applications [23][20]. - The government has set ambitious targets for energy savings and carbon reduction, which are expected to drive demand for energy-efficient equipment and services [21][20]. Future Outlook - The company is well-positioned to benefit from the increasing demand for energy-saving and water-saving technologies, particularly in sectors such as power generation, petrochemicals, and metallurgy [20][24]. - The ongoing development of hydrogen energy is recognized as a crucial strategy for achieving carbon neutrality, with significant policy support expected to enhance the industry’s growth prospects [26][27].