证券代码：600732 股票简称：爱旭股份 编号：临 2024－108 上海爱旭新能源股份有限公司 关于控股股东部分股份质押及解除质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 截至本公告披露日，上海爱旭新能源股份有限公司（以下简称"公司"）控股 股东陈刚先生持有公司股份数量为 327,979,879 股，占公司总股本的 17.94%。本次质 押及解除质押后，陈刚先生累计质押公司股份数量为 188,000,000 股，占其所持股份的 57.32%，占公司总股本的 10.28%。 ● 截至本公告披露日，陈刚先生及其一致行动人义乌市衡英企业管理合伙企业 （有限合伙）、珠海横琴舜和企业管理合伙企业（有限合伙）（以下简称"控股股东 及其一致行动人"）合计持股数量为 571,510,967 股，占公司总股本的 31.27%。本次 质押及解除质押后，控股股东及其一致行动人累计质押股份数量为 381,510,000 股，占 控股股东及其一致行动人合计所持股份的 66.75%，占公司总股本的 20.87%。 公 ...

Investment Rating - The investment rating for the company is "Buy" indicating an expected return exceeding 10% relative to the CSI 300 index over the next six months [26]. Core Insights - The company, Aishuxin Co., Ltd. (爱旭股份), is focusing on the production of ABC components, which are expected to see significant volume growth and enjoy premium pricing due to their superior performance [1]. - The company reported total revenue of 7.896 billion yuan for the first three quarters of 2024, a year-on-year decrease of 65.09%, with a net profit attributable to shareholders of -2.831 billion yuan, reflecting a decline of 250% [1]. - The ABC components have achieved a mass production efficiency of 24.2%, maintaining a leading position in the market for 18 months [1]. - The company is expanding its production capacity, with significant investments in new facilities, including a 10GW N-type ABC component capacity in Zhuhai and a 15GW capacity in Yiwu [1]. Summary by Sections Company Performance - In Q3 2024, the company reported revenue of 2.734 billion yuan, down 57.06% year-on-year, with a net profit of -1.086 billion yuan, a decline of 287.78% [1]. - The gross margin for Q3 2024 was -19.35%, and the net margin was -40.45% [1]. Product Development - The company is advancing its technology with the N-type ABC components, achieving a conversion efficiency of 27.3% and a yield rate of 97.5% as of June 2024 [1]. - The N-type ABC components are expected to have a significant market premium, with overseas markets achieving a premium of 30%-40% in the residential sector and over 10% in centralized power station scenarios [1]. Market Position - The company has established sales channels in over 30 countries, becoming a leading brand in the European market [1]. - The N-type ABC components are gaining recognition in the domestic market, achieving a sales premium of 0.08-0.12 yuan/W in the distributed market [1]. Financial Projections - The company forecasts net profits of -2.161 billion yuan, 1.055 billion yuan, and 1.803 billion yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of -12, 24, and 14 [1].

证券代码：600732 股票简称：爱旭股份 编号：临 2024－107 上海爱旭新能源股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 上海爱旭新能源股份有限公司（以下简称"公司"）股票于2024年11月8日、 11月11日连续两个交易日内日收盘价格涨幅偏离值累计超过20%，属于《上海证券交 易所交易规则》规定的股票交易异常波动情形。 （二）重大事项情况 经核查，公司控股股东和实际控制人陈刚先生确认，截至目前，除公司已披露的 再融资事项外，控股股东、实际控制人未参与筹划其他涉及本公司的重大资产重组、 股份发行、业务重组、股份回购、股权激励、破产重整、重大交易或业务合作、引进 战略投资者等应披露而未披露的重大事项。 （三）媒体报道、市场传闻、热点概念情况 经公司自查，并书面征询公司控股股东和实际控制人陈刚先生，截至本公告 披露日，除公司已披露的再融资事项外，确认不存在其他应披露而未披露的重大信 息。 公司敬请广大投资者注意二级市场交易风险，审慎决策，理性投资。 一、股票交易异常波 ...

答 名 公司于 2024 年 11 月 11 日发来的《上海爱旭新能源股份有限公司股票交易 异常波动征询函》已收悉。作为公司控股股东和实际控制人,现针对函件问询事 项答复如下: 截至 2024 年 11 月 11 日,除上市公司已披露的再融资事项外,本人未参与 筹划其他涉及上市公司的重大资产重组、股份发行、业务重组、股份回购、股权 激励、破产重整、重大交易或业务合作、引进战略投资者等应披露而未披露的重 大事项。 特此回复。 关于上海爱旭新能源股份有限公司 股票交易异常波动征询函的回复 上海爱旭新能源股份有限公司: 2024年11月11日 ...

Group 1 - BC battery concept saw a strong rise in the market, with companies like Shichuang Energy hitting a 20% limit up, Weidao Nano rising over 10%, and Aisuo shares also hitting a limit up, marking two consecutive boards [1] - Aisuo shares will co-host the 12th bifiPV Workshop International Summit with the German Konstanz International Solar Energy Research Center from November 20 to 22, 2024, in Zhuhai, China, focusing on the potential and transformative impact of BC technology across various dimensions [1] - According to Founder Securities, Aisuo's N-type ABC component has achieved a mass production delivery efficiency of 24.6%, maintaining the top position in the TaiyangNews global component efficiency ranking for 20 consecutive months, while the new generation "full-screen" ABC component has surpassed 25% efficiency [1] Group 2 - BC batteries are known for their excellent energy conversion efficiency, but their performance heavily relies on compatible components, particularly the back side of the battery, which requires higher standards for photovoltaic solder strips [2] - The market outlook for photovoltaic solder strips is promising as the BC battery technology becomes more prevalent, highlighting the importance of these components in the future of solar technology [2]

Financial Performance - Revenue for the third quarter was RMB 2.73 billion, a decrease of 57.06% year-over-year[2] - Net profit attributable to shareholders was RMB -1.09 billion, a decrease of 287.78% year-over-year[2] - Operating revenue for the first three quarters of 2024 was RMB 7.90 billion, a significant decrease from RMB 22.62 billion in the same period of 2023[17] - Net profit for the first three quarters of 2024 was a loss of RMB 2.85 billion, compared to a profit of RMB 1.89 billion in the same period of 2023[17] - Comprehensive income for the first three quarters of 2024 was -2,880,507,607.60 RMB, compared to 1,887,406,411.24 RMB in the same period of 2023[18] - Basic earnings per share for the third quarter were RMB -0.59, a decrease of 234.09% year-over-year[6] - The weighted average return on equity was -38.59%, a decrease of 58.06 percentage points year-over-year[6] Assets and Liabilities - Total assets increased by 10.02% to RMB 37.40 billion compared to the end of the previous year[3] - Total assets increased to RMB 37.40 billion as of September 30, 2024, compared to RMB 33.99 billion at the end of 2023[15] - Total current assets as of September 30, 2024, amounted to 9,661,810,198.97, a decrease from 10,207,605,247.53 at the end of 2023[14] - Cash and cash equivalents decreased to 3,546,158,989.18 from 4,617,242,460.81 year-over-year[14] - Accounts receivable increased significantly to 688,482,425.84 from 359,572,361.13 compared to the end of 2023[14] - Inventory rose to 3,598,328,338.27 from 3,134,748,703.66 year-over-year[14] - Fixed assets increased to 17,886,928,013.29 from 14,653,023,689.27 compared to the end of 2023[14] - Construction in progress grew to 5,476,659,566.83 from 4,994,689,369.24 year-over-year[14] - Total liabilities rose to RMB 31.01 billion as of September 30, 2024, up from RMB 25.32 billion at the end of 2023[16] - Short-term borrowings increased to RMB 4.11 billion as of September 30, 2024, compared to RMB 855.23 million at the end of 2023[15] - Accounts payable rose to RMB 4.85 billion as of September 30, 2024, up from RMB 4.31 billion at the end of 2023[15] - Deferred tax assets increased to RMB 1.38 billion as of September 30, 2024, compared to RMB 604.27 million at the end of 2023[15] - Total equity decreased to RMB 6.40 billion as of September 30, 2024, down from RMB 8.68 billion at the end of 2023[16] - Shareholders' equity decreased by 29.61% to RMB 6.11 billion compared to the end of the previous year[3] Cash Flow - The company's operating cash flow for the year-to-date was RMB -4.44 billion, a decrease of 272.10% year-over-year[6] - Net cash flow from operating activities for the first three quarters of 2024 was -4,441,048,394.29 RMB, a significant decrease from 2,580,524,947.23 RMB in the same period of 2023[19] - Net cash flow from investing activities for the first three quarters of 2024 was -1,486,610,348.08 RMB, compared to -5,388,102,431.85 RMB in the same period of 2023[19] - Net cash flow from financing activities for the first three quarters of 2024 was 5,877,555,209.64 RMB, a substantial increase from 888,374,306.95 RMB in the same period of 2023[20] - Cash received from selling goods and providing services for the first three quarters of 2024 was 8,196,309,611.12 RMB, down from 16,476,644,566.88 RMB in the same period of 2023[18] - Cash paid for goods and services for the first three quarters of 2024 was 12,464,719,569.15 RMB, up from 11,326,357,563.94 RMB in the same period of 2023[19] - Cash received from tax refunds for the first three quarters of 2024 was 250,836,952.74 RMB, compared to 188,749,420.39 RMB in the same period of 2023[19] - Cash received from other operating activities for the first three quarters of 2024 was 2,461,545,765.06 RMB, a significant increase from 221,250,130.78 RMB in the same period of 2023[19] - Cash paid for employee compensation for the first three quarters of 2024 was 1,909,986,202.08 RMB, up from 1,572,402,128.08 RMB in the same period of 2023[19] - Cash and cash equivalents at the end of the first three quarters of 2024 were 1,557,375,998.98 RMB, compared to 897,758,534.26 RMB at the end of the same period in 2023[20] Shareholders and Equity - The top shareholder, Chen Gang, holds 17.94% of the company's shares, with 193.24 million shares pledged[7] - The top shareholder, Chen Gang, holds 327,979,879 shares, representing a significant portion of the company's equity[8] - The second-largest shareholder, Harmony Tianming Investment Management, holds 168,549,617 shares[8] - Hong Kong Securities Clearing Company Limited holds 60,128,124 shares, making it the fourth-largest shareholder[8] Costs and Expenses - Operating costs for the first three quarters of 2024 were RMB 10.75 billion, down from RMB 20.47 billion in the same period of 2023[17] - R&D expenses for the first three quarters of 2024 were RMB 649.75 million, down from RMB 1.14 billion in the same period of 2023[17] - The company's inventory impairment increased due to declining sales and prices[5] Government Subsidies and Non-Recurring Gains - Government subsidies contributed RMB 58.52 million to non-recurring gains in the current period[4] Regulatory and Share Issuance - The company's 2023 private placement of A-shares is still under review by the Shanghai Stock Exchange and requires approval from the China Securities Regulatory Commission[11]

证券代码：600732 股票简称：爱旭股份 编号：临 2024－104 上海爱旭新能源股份有限公司 关于注销部分限制性股票与股票期权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 2. 股票期权注销的数量 2020 年激励计划首次及预留授予的激励对象中，因 13 名激励对象离职，公司将 注销其已获授但尚未行权的共计 356,482 份股票期权。 1 （二）2022 年限制性股票与股票期权激励计划 一、相关激励计划本次注销已经履行的决策程序 2024 年 10 月 30 日，上海爱旭新能源股份有限公司（以下简称"公司"）召开 第九届董事会第三十一次会议和第九届监事会第二十五次会议，审议通过了《关于注 销部分限制性股票与股票期权的议案》。因 82 名激励对象离职以及部分期权行权期 满，公司拟将 2020 年股票期权激励计划（以下简称"2020 年激励计划"）中 356,482 份股票期权予以注销；将 2022 年限制性股票与股票期权激励计划（以下简称"2022 年激励计划"）中 38,752 股限制性股票予以回购注销、2, ...

二、会议决议情况 证券代码：600732 证券简称：爱旭股份 编号：临 2024－101 上海爱旭新能源股份有限公司 第九届董事会第三十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、会议召开情况 上海爱旭新能源股份有限公司（以下简称"公司"）第九届董事会第三十一次会 议的通知于 2024 年 10 月 25 日以电子邮件方式送达。会议于 2024 年 10 月 30 日以 现场结合通讯方式召开，应参会董事 7 名，实际参会董事 7 名。本次会议的召集召 开符合《公司法》、《公司章程》及其他有关法律、法规的规定，形成的决议合法有 效。 会议经记名投票表决形成如下决议： 1、审议并通过了《2024 年第三季度报告》 表决结果：同意 7 票，反对 0 票，回避 0 票，弃权 0 票。 具体内容详见同日披露的《2024 年第三季度报告》。 公司董事梁启杰先生、沈昱先生和徐新峰先生为相关激励计划的激励对象，属于 关联董事，回避了对该议案的表决。 具体详见同日披露的《关于注销部分限制性股票与股票期权的公告》（临 2 ...

北京市中伦（深圳）律师事务所 关于上海爱旭新能源股份有限公司 注销部分限制性股票与股票期权的 法律意见书 二〇二四年十月 北京市中伦（深圳）律师事务所 关于上海爱旭新能源股份有限公司 注销部分限制性股票与股票期权的 法律意见书 致：上海爱旭新能源股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"或"中伦"）接受上海 爱旭新能源股份有限公司（以下简称"爱旭股份"或"公司"）的委托，担任爱 旭股份实施 2020 年股票期权激励计划（以下简称"2020 年激励计划"）、2022 年限制性股票与股票期权激励计划（以下简称"2022 年激励计划"）、2023 年限 制性股票与股票期权激励计划（以下简称"2023 年激励计划"）相关事宜的专项 法律顾问。本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委员 会（以下简称"中国证监会"）发布的《上市公司股权激励管理办法》（以下简 称"《管理办法》"）等有关法律、法规、规范性文件和《上海爱旭新能源股份 有限公司 2020 年股票期权激励计划（草案）》（以下简称"《2020 年激励计 ...

证券代码：600732 股票简称：爱旭股份 编号：临 2024－105 上海爱旭新能源股份有限公司 关于2023年限制性股票与股票期权激励计划限制性股票 第一个解除限售期解除限售条件成就的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次限制性股票解除限售事宜办理完毕解除限售申请手续后，在上市流通前， 公司将另行发布公告，敬请投资者注意。 上海爱旭新能源股份有限公司（以下简称"公司"或"爱旭股份"）于 2024 年 10 月 30 日召开第九届董事会第三十一次会议和第九届监事会第二十五会议，审议通 过了《关于 2023 年限制性股票与股票期权激励计划限制性股票第一个解除限售期解 除限售条件成就的议案》。根据《上市公司股权激励管理办法》（以下简称"《管理 办法》"）及《2023 年限制性股票与股票期权激励计划》（以下简称"本次激励计 划"或"《2023 年激励计划》"）的相关规定和公司 2023 年第二次临时股东大会授 权，董事会认为公司本次激励计划限制性股票第一个解除限售期解除限售条件已成 就，本次符合 ...