Industry Outlook - The photovoltaic industry is experiencing a dual-driven cycle of "technological iteration + global demand resonance," with global new installed capacity expected to reach between 531GW and 714GW from 2025 to 2027 according to the China Photovoltaic Industry Association (CPIA) [3] - The demand for photovoltaic battery equipment is being driven by the continuous increase in new installed capacity and the accelerated replacement cycle due to technological upgrades [3] - The transition from PERC to more efficient technologies such as TOPCon, BC, HJT, and perovskite solar cells is raising the requirements for automation equipment in terms of precision, efficiency, and flexible production capabilities [3] Policy Support - The Chinese government is increasing support for smart manufacturing, with a goal for over 90% of industrial enterprises to have digital R&D tools and over 75% of key processes to be numerically controlled by 2027 [4] - Photovoltaic equipment, as a key component of smart manufacturing, is expected to benefit from these policy incentives, leading to increased industry concentration and market share expansion for leading companies [4] Technical Barriers - The company is one of the few manufacturers in China capable of providing equipment for the entire photovoltaic battery production process, covering key processes such as diffusion annealing, PECVD, and wet processes [5] - The company's technology depth supports its comprehensive capabilities, allowing it to address issues such as micro-cracks and color differences in high-speed transmission, achieving a low breakage rate of 0.01% at a capacity of 13,500 pieces per hour [5] Product Competitiveness - The company has established a strong customer base, including top photovoltaic battery producers such as Tongwei Co., Longi Green Energy, and Trina Solar, which enhances order stability and technical feedback [6] - The close collaboration with leading customers allows for rapid adjustments to equipment parameters in response to technological changes, fostering a continuous feedback mechanism for product improvement [6] Customer Ecosystem - The company has built a high-quality customer ecosystem through deep cooperation with industry leaders, resulting in sustained orders and increased brand recognition [7] - The company's revenue has shown rapid growth, with projected revenues of 807.09 million yuan, 1.237 billion yuan, and 2.018 billion yuan from 2022 to 2024, alongside net profits of 85.84 million yuan, 128.02 million yuan, and 186.76 million yuan respectively [7] IPO and Growth Strategy - The funds raised from the IPO will focus on three main areas: enriching the product matrix, enhancing production capacity, and aligning with industry trends [8][9] - The company aims to expand its product offerings to meet diverse customer needs and improve manufacturing technology to capture market opportunities [8] - The IPO will facilitate the rapid enhancement of production capacity to meet the increasing demand for photovoltaic equipment driven by the expansion plans of leading customers [8][9]

2024年中国光伏新增装机增速大幅下降，不少企业营收下滑，而捷佳伟创业绩水涨船高。去年全年，公 司营收188.87亿元，同比增长116.26%；归母净利润27.64亿元，同比增长69.18%。 今年一季度，公司业绩继续攀高，但对股价影响甚微。财报公布后，公司股价仅在4月24日涨了 5.79%，之后又连跌三天。 【捷佳伟创股东套现、股价疲软与财务风险并存】光伏行业低谷，股市低迷，捷佳伟创股东忙着套现离 场。5月12日和16日，公司连发两条控股股东、实际控制人及其一致行动人减持股份的预披露公告，减 持股份分别占总股本的0.72%和2.28%。 两份公告披露的最高减持数量为10405000股。以5月23日53.24元的收盘价计算，减持金额约5.5亿。 捷佳伟创2018年上市，主要从事太阳能光伏电池设备业务。上市以来，实控人多次减持套现，截至目 前，控股股东、实际控制人及其一致行动人持股比例已降至上市初期的一半。 公司业绩持续走高，六年内增长超10倍，但股价"跌跌不休"。与2021年9月巅峰期209.22元/股的最高价 相比，已跌去约74.5%，市值蒸发540亿左右。 业绩新高，股价却跌，除股东减持外，还与公司潜藏的 ...

Core Viewpoint - The company, Jiejia Weichuang, announced a share reduction plan by its major shareholders, which may impact the stock price and investor sentiment in the short term [1][2]. Share Reduction Plans - Major shareholder and general manager Yu Zhong plans to reduce his holdings by up to 1,734,000 shares, representing 0.50% of the total share capital, within a three-month window starting from June 10, 2025 [1]. - Another major shareholder, Liang Meizhen, through her associate Jiang Zeyu, plans to reduce holdings by up to 968,000 shares (0.28%) via centralized bidding and up to 5,203,000 shares (1.50%) through block trading during the same period [2]. Company Background - Jiejia Weichuang was listed on the Shenzhen Stock Exchange on August 10, 2018, and primarily engages in the research, production, and sales of solar photovoltaic cell equipment [3]. - The company has raised a total of 3.633 billion yuan through two fundraising events since its IPO, with the latest fundraising amounting to 2.4999999 billion yuan in April 2021 [3][4]. Fund Utilization - The funds raised are allocated for various projects, including the construction of solar cell manufacturing production lines, smart manufacturing workshops for crystalline silicon solar cells, and the establishment of a research and testing center [3].

中国经济网北京5月13日讯捷佳伟创（300724）昨日晚间披露《关于控股股东、实际控制人及其一致行 动人减持股份的预披露公告》。 公告称，公司控股股东、实际控制人之一、董事、总经理余仲计划自公告披露之日起15个交易日之后的 3个月内(即2025年6月4日至2025年9月3日，窗口期不减持)以集中竞价方式减持公司股份不超过 1,800,000股，占公司总股本比例0.52%。 本次减持计划的实施不会导致公司控制权发生变更，不会对公司的治理结构和持续经营产生影响。 捷佳伟创上市以来共进行2次募资(包括首次公开发行)，共计募资36.33亿元。 捷佳伟创2018年8月10日在深交所创业板上市，主要从事太阳能光伏电池设备的研发、生产、销售。捷 佳伟创本次发行股份数量为8000万股，发行价为14.16元，发行股票的每股发行费用为1.06元/股，发行 费用为8519.64万元，保荐机构为国信证券股份有限公司。 捷佳伟创最终募集资金总额为11.33亿元，扣除发行费用后，募集资金净额为10.48亿元，分别用于太阳 能电池片设备制造生产线建设项目、晶体硅太阳能电池片智能制造车间系统产业化项目、研发检测中心 建设项目、营销与服务网络 ...