证券代码：601615 证券简称：明阳智能 公告编号：2024-105 明阳智慧能源集团股份公司 关于召开 2024 年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 召开的日期时间：2024 年 12 月 18 日 15 点 00 分 召开地点：广东省中山市火炬开发区火炬路 22 号明阳工业园，明阳智慧能 源集团股份公司 5 楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年12月18日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一) 股东大会类型和届次 2024 年第二次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 本次股东大会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company achieved a revenue of 20.2 billion yuan in the first three quarters of 2024, a year-on-year decline of 4%, with a net profit attributable to shareholders of 800 million yuan, down 35% year-on-year. In Q3 2024, the revenue was 8.4 billion yuan, a year-on-year decline of 19%, and the net profit was approximately 150 million yuan, down 75% year-on-year [5][6]. - The decline in revenue is attributed to a shift in wind turbine shipment structure, with total shipments of 7.70 GW in the first three quarters, an increase of 11% year-on-year. The land-based wind turbine shipments were 6.35 GW, showing significant growth, while offshore wind turbine shipments were 1.35 GW, a decrease of about 32% [6][7]. - The gross margin for Q3 2024 was approximately 10.3%, with the gross margin for wind turbine and accessories sales at 8.01%, showing a slight improvement compared to the first half of the year. The gross margin for wind turbine manufacturing reached 7.9%, an increase of over 1 percentage point quarter-on-quarter [6][7]. - The company’s inventory at the end of Q3 2024 was approximately 11 billion yuan, with contract liabilities of about 8.5 billion yuan, both showing slight increases [7]. - The company added 16.98 GW of new orders in the first three quarters, with a total executable order capacity of 34.12 GW. The land-based bidding prices are expected to stabilize, and with the anticipated increase in domestic wind power installations in 2025, the company is expected to achieve growth in both volume and profit [7]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported total revenue of 20.2 billion yuan and a net profit of 800 million yuan. In Q3 alone, revenue was 8.4 billion yuan, and net profit was approximately 150 million yuan [5][6]. - The gross margin for Q3 2024 was about 10.3%, with improvements in the gross margins for both wind turbine sales and manufacturing [6][7]. Market Outlook - The company is expected to benefit from stabilizing land-based wind turbine bidding prices and increased domestic wind power installations in 2025, which may lead to growth in both volume and profit [7].

Group 1: Project Updates - The Mingyang BASF Zhanjiang offshore wind power demonstration project received approval on May 24, 2024, marking it as the first Sino-German cooperative offshore wind project approved in China [3] - The project has a total installed capacity of 1,500 MW, divided into two phases, located in the eastern sea area of Hainan Province [5] Group 2: Financial and Operational Insights - The REITs launched on July 23, 2024, successfully listed on the Shanghai Stock Exchange, with underlying assets including the Huanghua Old Town Wind Farm (100 MW) and the Keshiketengqi Hongtu Jingzi Wind Farm (50 MW) [4] - Sales expenses increased significantly due to the rise in wind turbine capacity under warranty and enhanced market expansion efforts, leading to higher marketing-related costs [6]

明阳智慧能源集团股份公司 关于归还临时补充流动资金的闲置募集资金的公告 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。 明阳智慧能源集团股份公司（以下简称"公司"）2023 年 12 月 14 日召开 第三届董事会第三次会议和第三届监事会第三次会议分别审议通过《关于使用部 分闲置募集资金临时补充流动资金的议案》，同意使用部分 2020 年非公开发行 股票的闲置募集资金临时补充流动资金，总额不超过人民币 130,000.00 万元， 使用期限不超过 12 个月。具体内容详见公司在指定信息披露媒体上披露的《关 于使用部分闲置募集资金临时补充流动资金的公告》（公告编号：2023-109）。 自董事会审议通过后，公司实际使用 130,000.00 万元闲置募集资金临时补 充流动资金。公司严格按照《上市公司监管指引第 2 号——上市公司募集资金管 理和使用的监管要求》《上海证券交易所股票上市规则》以及《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等相关规定，在使用募集资金临时 补充流动资金期间，对资金进行了合理的安排，提 ...

Summary of the Conference Call Company and Industry Involved - The conference call involved **Mingyang Smart Energy** and the **wind power industry**. Key Points and Arguments 1. **Recent Developments in Business** Mingyang Smart Energy is focusing on its **closure plan** to turn losses into profits, particularly in the context of its **wind turbine business** [2][5][6]. 2. **Changes in Bidding Mechanism** The industry has seen a shift from a **low-bid winning model** to a **comprehensive scoring system** for bids, which aims to stabilize prices and ensure more reasonable pricing strategies [3][4][14]. 3. **Cost Control Measures** Companies in the wind turbine sector have improved their **cost control** through various means, including **technical efficiency**, **design optimization**, and **increased self-sourcing of components** [4][5][6]. 4. **Profitability Trends** Mingyang has reported an increase in the **gross margin** of its wind turbine products from **2.4%** in Q4 2022 to **7.9%** in Q3 2023, indicating a potential for profitability if the trend continues [5][6]. 5. **Sales and Delivery Guidance** The company has set a target to deliver **13 GWh** of wind turbines in Q4 2023, with expectations to exceed **5.3 GWh** based on current trends [6][7]. 6. **Electricity Generation and Transfer Revenue** Mingyang expects to maintain stable revenue from electricity generation, projecting a total generation of **171.7 billion kWh** for the year, with an average gross margin of **59%** [6][7]. 7. **Market Dynamics and Pricing** There is a cautious outlook on potential price increases in the wind turbine market, with suppliers indicating a desire to raise prices, but the overall expectation is for **moderate price stability** rather than significant increases [8][9][11][14]. 8. **Offshore Wind Projects** Mingyang is optimistic about its offshore wind projects, with plans to deliver **2 GWh** in 2023 and aiming for **4 GWh** in 2024, reflecting a significant increase in capacity [16][18]. 9. **International Expansion and Orders** The company has secured **2.1 GWh** of overseas orders, with expectations to exceed **3 GWh** by year-end, focusing on the European market for future growth [21][22][23]. 10. **Operational Challenges and Strategies** Mingyang is aware of the complexities involved in international projects, emphasizing the need for **local operational capabilities** and **engineering teams** to ensure successful project execution [35][41]. Other Important but Possibly Overlooked Content 1. **Regulatory and Market Environment** The company is navigating a changing regulatory landscape, particularly in offshore projects, which may affect timelines and project execution [16][17]. 2. **Long-term Strategic Planning** Mingyang is developing a comprehensive **2025 business plan**, which includes considerations for pricing strategies and market positioning [11][12]. 3. **Investment in Local Manufacturing** Plans for establishing manufacturing facilities in Europe are underway, focusing on **blade production** and **assembly**, which will enhance local supply chain capabilities [25][39]. 4. **Innovative Business Models** The company is exploring innovative models such as **REITs** for its power station projects, aiming to enhance revenue streams and operational efficiency [27][28]. 5. **Focus on Quality and Experience** Emphasis on the importance of **project experience** and **quality assurance** in securing international contracts, particularly in competitive markets like Europe [34][35].

证券代码：601615 证券简称：明阳智能 公告编号：2024-103 明阳智慧能源集团股份公司 关于股东股份质押的公告 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: 明阳智慧能源集团股份公司（以下简称"公司"）股东 First Base Investments Limited（以下简称"First Base"）持有公司股份 11,947.0011 万股，占公司当前总股本（即 2,271,594,206 股）的 5.26%。本次股份质押后， First Base 累计质押股份数量为 11,400.0000 万股，占公司当前总股本的 5.02%。 公司控股股东明阳新能源投资控股集团有限公司（以下简称"能投集团"） 与公司关联股东 First Base、Wiser Tyson Investment Corp Limited（以下简 称"Wiser Tyson"）、Keycorp Limited（以下简称"Keycorp"）、宁波博蕴天成 创业投资合伙企业（有限合伙）（以下简称"宁波博蕴"）、中山瑞信企业管理咨 询 ...

Group 1: Overall Industry Performance - The overall performance of wind turbine manufacturers improved in the first three quarters of the year, with significant growth in net profits reported by major players [1][2] - Goldwind Technology (002202.SZ) led the industry with a net profit of 1.792 billion yuan, a year-on-year increase of 42.14%, and the highest profit growth rate among peers [1][2] - The company achieved a sales capacity of 9.7 GW, a year-on-year increase of 9.05%, with a significant portion of sales coming from turbines of 6 MW and above, accounting for 57.64% of total sales [1] Group 2: Company-Specific Highlights - Goldwind's profit primarily stems from wind farm operations rather than traditional turbine sales, with investment income from wind farm transfers contributing approximately 256 million yuan [2] - Sany Heavy Energy (688349.SH) reported a net profit of 251 million yuan, a year-on-year increase of 17.56%, and has been actively expanding its international presence [2][3] - Mingyang Smart Energy (601615.SH) experienced a decline in both year-on-year and quarter-on-quarter performance, with a net profit of 809 million yuan, down 34.58% due to falling turbine prices and reduced offshore turbine deliveries [3][4] Group 3: Order and Revenue Trends - Goldwind's total external orders reached 29.5 GW, with a backlog of 44.3 GW, reflecting a year-on-year increase of 40.53% [1][2] - Yunda Wind Power (300772.SZ) reported a revenue of 13.929 billion yuan, a year-on-year increase of 24.01%, with a net profit of 267 million yuan, up 6.25% [4] - Electric Wind Power (688660.SH) reported a significant increase in new orders, totaling 7.1 GW, a year-on-year growth of 292.53%, with a backlog of 14.6 GW, up 60.66% from the previous year [5]

证券代码：601615 证券简称：明阳智能 公告编号：2024-098 明阳智慧能源集团股份公司 第三届董事会第十五次会议决议公告 议案已经第三届董事会审计委员会第七次会议审议通过，并提交董事会审议。 公司董事会认为公司 2024 年第三季度报告真实、准确、完整地反映了公司 2024 年三季度的财务状况和经营成果，符合中国证监会和上海证券交易所的相 关规定，不存在虚假记载、误导性陈述或者重大遗漏。综上，董事会同意本议案。 具体内容详见公司于同日在指定信息披露媒体上披露的《2024 年第三季度 报告》。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 2、审议通过《关于部分 2020 年度非公开发行股票募投项目结项并将节余 募集资金用于其他募投项目的议案》 议案已经第三届董事会审计委员会第七次会议审议通过，并提交董事会审议。 公司董事会同意公司拟将2020年定增募投项目10MW级海上漂浮式风机设计 研发项目结项，并将其节余募集资金及利息净额全部用于张家口明阳察北阿里巴 巴数据中心源网荷储一体化项目。 本公司董事会及董事会全体成员保证公告内容不存在虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准 ...

Financial Performance - The company's operating revenue for Q3 2024 was CNY 8,440,559,256, a decrease of 19.39% compared to CNY 10,398,611,805 in the same period last year[4] - Net profit attributable to shareholders was CNY 147,854,295.34, down 74.57% from CNY 573,680,529.77 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 123,009,929.24, a decline of 77.47% compared to CNY 538,222,032.16 in the previous year[4] - Basic earnings per share decreased by 73.08% to CNY 0.07 from CNY 0.26 in the same period last year[4] - The weighted average return on net assets was 0.54%, down from 1.97% in the previous year[4] - The company reported a net cash flow from operating activities of CNY -4,637,441,458.49 for the year-to-date, compared to CNY -2,319,208,958.69 in the same period last year[4] - The company experienced a significant decline in profit mainly due to falling wind turbine prices and a decrease in offshore wind turbine delivery scale[11] - The net profit attributable to shareholders for the reporting period is -74.57 million RMB, primarily due to the decline in wind turbine prices and a decrease in offshore wind turbine delivery scale[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the reporting period is -77.47 million RMB, consistent with the above reasons[12] - Basic and diluted earnings per share for the reporting period are both -73.08 RMB, mainly due to the decrease in net profit attributable to shareholders[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 83,861,255,864.75, reflecting a decrease of 1.54% compared to the previous year[4] - As of September 30, 2024, the total assets of Mingyang Smart Energy Group amounted to CNY 82.92 billion, a decrease from CNY 84.22 billion at the end of 2023, reflecting a decline of approximately 1.57%[18] - The company's total current assets increased to CNY 46.61 billion from CNY 43.68 billion, representing a growth of about 6.67%[18] - The total liabilities decreased slightly to CNY 54.68 billion from CNY 55.62 billion, a reduction of about 1.69%[19] - The company's total liabilities amounted to ¥45.24 billion, a decrease of 3.4% from ¥47.02 billion year-over-year[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 139,842[13] - The largest shareholder, WISER TYSON INVESTMENT CORP LIMITED, holds 157,062,475 shares, accounting for 6.91% of the total shares, with 121,700,475 shares pledged[13] - The second-largest shareholder, FIRST BASE INVESTMENTS LIMITED, holds 119,470,011 shares, accounting for 5.26% of the total shares, with 95,000,000 shares pledged[13] - The company has repurchased a total of 121,119,984 shares, representing 5.33% of the total share capital[15] - The company has a total of 200,051,612 shares held by its controlling shareholders, indicating significant ownership concentration[15] Cash Flow - The company reported a net cash inflow from operating activities of CNY 18,279,497,292.67 for the first three quarters of 2024[23] - The net cash flow from operating activities was -4.64 billion RMB, a decrease from -2.33 billion RMB in the previous year, indicating a worsening cash flow situation[24] - Total cash inflow from investment activities increased to 3.45 billion RMB, compared to 1.55 billion RMB in the same period last year[24] - The net cash flow from financing activities was 5.37 billion RMB, down from 6.62 billion RMB year-over-year[25] - Cash and cash equivalents at the end of the period were 10.77 billion RMB, down from 9.86 billion RMB a year ago[25] Revenue and Expenses - The total revenue for the first three quarters of 2024 was CNY 20.24 billion, down from CNY 21.11 billion in the same period of 2023, indicating a decrease of approximately 4.14%[19] - The total operating costs rose to CNY 20.29 billion from CNY 20.15 billion, marking an increase of about 0.68%[19] - Research and development expenses for Q3 2024 were CNY 501,035,158.59, down 32.3% from CNY 739,969,305.31 in Q3 2023[21] - The financial expenses for Q3 2024 were CNY 274,899,105.05, significantly higher than CNY 18,135,207.61 in Q3 2023[21] - The investment income for Q3 2024 was CNY 745,546,200.86, an increase of 48.1% from CNY 503,468,265.78 in Q3 2023[21] Comprehensive Income - The total comprehensive income for Q3 2024 was CNY 864,931,068.65, a decrease of 32.0% from CNY 1,271,974,090.91 in Q3 2023[22] - The company reported a total comprehensive income of approximately ¥1.17 billion for the first three quarters of 2024, compared to ¥600.28 million in the same period of 2023[31]

证券代码：601615 证券简称：明阳智能 公告编号：2024-102 明阳智慧能源集团股份公司 关于召开 2024 年第三季度业绩说明会的公告 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。 （一） 会议召开时间：2024 年 11 月 15 日 上午 11:00-12:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 重要内容提示： 投资者可于 2024 年 11 月 8 日(星期五) 至 11 月 14 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 myse@mywind.com.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 明阳智慧能源集团股份公司（以下简称"公司"）已于 2024 年 10 月 31 日发布公司 2024 年第三季度报告，为便于广大投资者更全 面深入地了解公司 2024 年第三季度经营成果、财务状况，公司计划 于 2024 年 11 月 15 日 上午 11:00-12:00 举行 ...