Core Viewpoint - The stock of TuoRi New Energy has shown fluctuations with a recent increase of 2.25%, while the company faces a year-to-date decline of 8.08% in stock price, indicating potential volatility in the market [1] Company Overview - TuoRi New Energy, established on August 15, 2002, and listed on February 28, 2008, is located in Nanshan District, Shenzhen, Guangdong Province. The company specializes in the research, production, and sales of amorphous silicon, monocrystalline silicon, and polycrystalline silicon solar cell chips, as well as solar energy products [1] - The revenue composition of TuoRi New Energy includes: photovoltaic solar glass (36.47%), electricity revenue (35.25%), crystalline silicon solar cell chips and components (21.53%), other income (3.11%), other photovoltaic products (2.71%), and engineering income (0.92%) [1] Financial Performance - For the first half of 2025, TuoRi New Energy reported an operating income of 5.09 billion yuan, a year-on-year decrease of 30.08%, and a net profit attributable to shareholders of -6020.33 million yuan, reflecting a significant decline of 369.79% [2] - The company has distributed a total of 3.79 billion yuan in dividends since its A-share listing, with cumulative distributions of 8449.80 million yuan over the past three years [3] Shareholder Information - As of September 10, 2025, TuoRi New Energy had 91,900 shareholders, a decrease of 3.12% from the previous period, with an average of 15,157 circulating shares per shareholder, an increase of 3.22% [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 18.102 million shares, which is an increase of 5.3315 million shares compared to the previous period [3] Market Activity - The stock price of TuoRi New Energy has experienced a decline of 3.70% over the last five trading days and a slight increase of 7.69% over the past 60 days [1] - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on July 15, where it recorded a net purchase of 1.6717 million yuan [1]

具体来看，得益于国内分布式光伏市场的快速发展及EPC项目的推进，公司晶体硅太阳能电池芯片及组 件收入3.96亿元，同比增长94.28%。尽管面临行业价格竞争压力，公司仍通过技术升级维持市场份额， 光伏玻璃业务收入高达4.06亿元。在电站运营方面，公司电费收入达3.94亿元，自持光伏电站资产规模 占总资产比例超30%，发电效率和毛利水平保持行业前列。 业内认为，随着相关研发技术的迭代更新及国内政策红利兑现，拓日新能有望在光伏行业新一轮技术迭 代与全球化竞争中进一步展现其行业的领军地位。 （编辑 郭之宸） 作为国家级高新技术企业，拓日新能2024年研发费用达3861.51万元，同比增长79.99%。公司研发团队 规模197人，研发人员占比近20%。拓日新能的研发布局主要聚焦于高效电池技术与智能装备自制，构 建行业技术壁垒等方面。 值得一提的是，拓日新能光伏电站建设中超过70%产品实现自供，显著提升项目毛利率，且参与多项行 业标准制定，强化了在光伏玻璃、组件领域的技术话语权。 本报讯 （记者王镜茹）4月23日，深圳市拓日新能源科技股份有限公司（以下简称"拓日新能"）发布 2024年年报。年报显示，公司实现营业收入1 ...