证券代码：002623 证券简称：亚玛顿 常州亚玛顿股份有限公司投资者关系活动记录表 编号：2026-003 | | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □新闻发布会 □路演活动 | | | √现场参观 □电话会议 | | | 其他： | | | 国泰海通：罗青、庞钧文、李煜； | | 参与单位名称及 人员姓名 | 国金证券：姚遥、张嘉文； | | | 中泰证券：吴鹏、郭琳。 | | 时间 | 年 月 日 2026 3 5 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总经理、财务总监兼董事会秘书：刘芹； | | 姓名 | 证券事务代表：王子杰。 | | | 一、采取问答方式，董事会秘书负责回答： 1、目前公司与北美客户有哪些合作？目前订单情况如何？ | | | 答：公司的太阳能瓦片玻璃及储能门相关产品有向北美客户持 | | | 续进行供货，且今年有新增传统光伏玻璃订单。 | | | 2、公司光伏玻璃产能分布情况？以及未来是否有新增产能？ | | | 答：公司目前光伏玻璃产能主要分布在安徽凤阳、辽宁本溪 ...

二，炉边漫谈 毫无疑问，上周五美国财政部长对于美联储降息缩表的一番解释，大大缓解了市场的焦虑，而这也是今天全球股市暴涨的原因所在，那么这段话究竟是什么 意思呢？ 先说说「美联储的定心丸」：别慌，不会急着缩表 一，今日要点 今天沪指上演红周一，蛇年股市还有最后四个交易日，是否就此开启春节红包行情呢？ 最近市场不是揪着美联储换主席的事儿焦虑嘛？担心沃什上台后会不会「政策急转弯」、急着缩表抽流动性。结果美国财长贝森特出来「灭火」了：就算沃 什当主席（这家伙之前还批评过美联储买债券呢），也不会马上动手缩表；而且沃什会很独立，美联储可能得花一整年才会决定资产负债表的事儿。 其实市场怕的就是「突然收紧」——毕竟缩表意味着流动性变少，资金成本会涨。贝森特这话本质是安抚情绪，但说到底，美联储真要怎么做，还是得看资 金怎么解读：要是资金觉得「缩表节奏慢」，就敢放心进场；要是觉得「口说无凭」，照样会用脚投票。 再聊聊「特斯拉的光伏野心」：中国产业链要吃肉了 特斯拉又搞大动作——要扩大太阳能电池制造，三年目标冲100吉瓦！更关键的是：全球光伏产业链中国占绝对优势，马斯克就算想搞「太空光伏」（航 天、太空算力的能源核心），也绕不开中 ...

Group 1: Investor Relations Activity - The investor relations activity was conducted via a telephone conference on February 4, 2026, with participation from various fund management companies and investment firms [2][3]. - Key representatives included Liu Qin (Vice President and CFO) and Wang Zijie (Securities Affairs Representative) [3]. Group 2: Company Performance and Strategy - The company has established supply relationships with North American clients for solar tile glass and energy storage products, with new traditional photovoltaic glass orders expected this year [4]. - The company is investing in a photovoltaic glass production line in the UAE with an annual capacity of 500,000 tons, which aligns with its global development strategy and aims to reduce production costs while expanding market share [4][6]. - The company reported a decrease in sales volume and revenue for photovoltaic glass due to a significant drop in prices and insufficient downstream demand, leading to a cautious sales strategy [4]. Group 3: Product Development and Market Position - The company is the first in the industry to mass-produce 1.6mm photovoltaic glass, which offers cost advantages and differentiates it from competitors focused on thicker glass [4]. - Current production capacity is primarily located in Fengyang, Anhui, and Benxi, Liaoning, with new capacity planned for Ordos, Inner Mongolia, and the UAE [5]. - The company has also made advancements in the electronic display glass sector, achieving thicknesses of 0.3mm to 0.4mm, benefiting from the recovery in the consumer electronics market [5][6]. Group 4: Future Development and Innovation - The company plans to focus on a dual-driven development strategy for photovoltaic glass and consumer electronics glass, optimizing product structure and enhancing risk management [6]. - Continuous innovation and technology upgrades are prioritized to improve competitiveness and resilience against market fluctuations [6].

Core Viewpoint - The company, Yamaton (002623.SZ), is supplying solar tile glass and energy storage door products to North American customers and has received new orders for traditional photovoltaic glass this year [1] Group 1 - The company is actively engaging in the North American market with its solar tile glass and energy storage door products [1] - There are new orders for traditional photovoltaic glass, indicating growth in the company's product offerings [1]

Core Viewpoint - The company, Yamaton (002623.SZ), has recently engaged in discussions with specific stakeholders, indicating its intention to supply solar tile glass and energy storage products to North American clients, along with new traditional photovoltaic glass orders for this year [1]. Group 1 - The company is supplying solar tile glass and energy storage products to North American customers [1] - The company has secured additional traditional photovoltaic glass orders for the current year [1]

Core Insights - The company is advancing its global strategy with the establishment of a 500,000-ton photovoltaic glass production line in the UAE, which will enhance its competitiveness in international markets [2] - The company has achieved mass production capability for ITO glass, which offers significant advantages over traditional FTO glass, and is collaborating with strategic partners to further develop this technology [3] - The company is optimizing its production capacity with new lines in Ordos, Inner Mongolia, and the UAE, which will reduce costs and improve efficiency [4] - The company is a leader in the production of 1.6mm photovoltaic glass, maintaining a competitive edge through innovation and cost advantages in the thin glass sector [5] - The company is focusing on a "dual-drive" strategy for growth, balancing photovoltaic glass and consumer electronics glass, while also preparing for potential earnings disclosures for 2025 [6] Group 1 - The UAE project is a key part of the company's globalization strategy, leveraging local resources to reduce production costs and expand market reach [2] - The company has established mass production capabilities for ITO glass, which is lighter and more efficient than traditional options, and is building strategic partnerships for technology advancement [3] - The Ordos base is collaborating with local suppliers to enhance production efficiency and reduce costs, with some production lines already operational [4] Group 2 - The company is the first in the industry to mass-produce 1.6mm photovoltaic glass, positioning itself as a leader in the thin glass market with significant cost advantages [5] - The company is committed to a dual-focus strategy, optimizing its product structure based on market demands, while also advancing the UAE project to improve operational efficiency [6] - The company has seen an increase in shipments of its display glass products due to a recovery in the consumer electronics sector and is expanding its market presence in North America [6]

Core Insights - The photovoltaic sector experienced a rebound due to three factors: price bottoming out, policy-driven capacity reduction, and high demand growth [1] - Major silicon wafer companies raised prices significantly, with N-type silicon wafer prices increasing by 2.6% to 9.2% [1] - The National Development and Reform Commission announced plans to eliminate inefficient capacity in the photovoltaic industry, improving long-term profitability expectations [1] - As of the end of November, China's solar installed capacity reached 116 million kilowatts, a year-on-year increase of 41.9% [1] Company Insights - JunDa Co., a leading photovoltaic battery company, focuses on technological innovation and has achieved a laboratory efficiency of over 32% for perovskite tandem batteries, positioning itself for overseas market expansion [1] - The company plans to increase its overseas sales to over 50% by Q3 2025, with North America being a key market for expansion [1] - JunDa is also investing in space perovskite battery technology through its investment in Shangyi Optoelectronics, targeting the aerospace market [1] - Dongfang Risen has developed the Hyper-ion HJT module, achieving a maximum power of 741W and a conversion efficiency of 23.90%, with over 10GW shipped [2] - The company aims to maintain its market advantage through continuous technological advancements and cost control measures [2] - Xiexin Integrated has developed a dual-source heat pump system that operates in extreme low temperatures, improving energy efficiency by approximately 25% compared to traditional systems [4] - The company is focusing on technological innovation and cost reduction to enhance its core competitiveness amid rising material costs [4] - Zhonglai Co. produces TOPCon batteries for high-efficiency photovoltaic modules, which can be applied in various photovoltaic power plants [5] - SunPower has begun exporting photovoltaic products to Europe and plans to expand into overseas markets, particularly along the Belt and Road Initiative [5] - Nanfang Glass has established a photovoltaic glass manufacturing base in Egypt to enhance its international competitiveness and align with the Belt and Road Initiative [7] - The company aims to integrate resources related to "new energy materials" to strengthen its platform functionality and core competitiveness [7][8]

Group 1 - The company is currently a qualified supplier of Tesla's solar roof glass and energy storage door glass products [1] - The company has stated that there are no current collaborations with Tesla regarding the mentioned space solar energy project [1] - The company will continue to conduct technology research and business development based on customer needs and market changes [1]

Group 1 - The company is a qualified supplier of Tesla's solar roof tiles and energy storage products [1] - As of the third quarter, the company's collaboration volume with Tesla has increased compared to last year [1]

Group 1: Company Overview and Production Capacity - The company is the first in the industry to mass-produce 1.6mm photovoltaic glass, which offers advantages over 2.0mm glass, including cost efficiency and a focus on thin glass production [2][3] - Current photovoltaic glass production capacity is distributed across production bases in Fengyang, Benxi, and Shijiazhuang, with new capacity being established in Ordos, Inner Mongolia, and overseas in the UAE [3][4] Group 2: Strategic Investments and Developments - The Ordos production base aims to reduce logistics and production costs by collaborating with local suppliers, with the first production line expected to be operational by the end of the year [3] - The UAE project involves an investment in a production line with an annual capacity of 500,000 tons, aligning with the company's global development strategy to enhance market share and reduce production costs [4] Group 3: Product Lines and Market Position - The company has seen an increase in output of display glass products due to the recovery of the consumer electronics industry [5] - The company is a qualified supplier for Tesla's solar roof tiles and energy storage products, with increased collaboration volume compared to the previous year [5] Group 4: Future Development Strategy - The company will continue to focus on a dual-driven development strategy for photovoltaic glass and consumer electronics glass, optimizing product structure and enhancing market share [5] - The ongoing construction of the UAE production line is part of the strategy to improve international competitiveness and reduce operational costs [5]