章 程 第十一章 附则 第一章 总则 2025 年 10 月 目 录 固德威技术股份有限公司 第一条 为维护固德威技术股份有限公司（以下简称"公司"或"本公司"）、股东和债 权人的合法权益，规范公司的组织和行为，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》）和其他有关规定，制订本 章程。 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第六章 总经理及其他高级管理人员 第七章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第八章 通知 第一节 通知 第二节 公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第七条 公司为永久存续的股份有限公司。 第三条 公司于 2020 ...

Core Insights - The company reported a third-quarter revenue of 2.108 billion yuan, representing a year-on-year increase of 17.42% [1] - The net profit for the third quarter was 97.718 million yuan, showing a significant year-on-year growth of 200.83% [1] - For the first three quarters, the company achieved a revenue of 6.194 billion yuan, which is a year-on-year increase of 25.30% [1] - The net profit for the first three quarters reached 811.198 million yuan, reflecting an impressive year-on-year growth of 837.57% [1]

Core Insights - The photovoltaic equipment sector experienced a significant increase of 8.27% on October 29, with Canadian Solar leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Sector Performance - Canadian Solar (688472) saw a closing price of 14.84, with a remarkable increase of 19.97% and a trading volume of 1.6277 million shares, amounting to a transaction value of 22.65 billion [1] - Sungrow Power (300274) closed at 191.49, up 15.44%, with a trading volume of 1.4529 million shares and a transaction value of 264.10 billion [1] - Trina Solar (6658889) closed at 19.72, up 11.04%, with a trading volume of 0.08859 million shares and a transaction value of 16.85 billion [1] - GoodWe (688390) closed at 59.20, up 10.34%, with a trading volume of 135,200 shares and a transaction value of 7.66 billion [1] - Aiko Energy (688717) closed at 77.13, up 10.09%, with a trading volume of 70,100 shares and a transaction value of 5.22 billion [1] - Jiangxi Green Energy (601012) and Tongwei Co. (600438) both saw a 10% increase, closing at 20.79 and 24.87 respectively, with transaction values of 78.52 billion and 44.03 billion [1] Capital Flow - The photovoltaic equipment sector experienced a net inflow of 7.248 billion in main funds, while retail investors saw a net outflow of 3.603 billion and 3.645 billion respectively [2]

Core Viewpoint - The A-share market has shown strong performance, with the Shanghai Composite Index reaching a 10-year high and surpassing the 4000-point mark, indicating robust investor sentiment and market momentum [1][2]. Market Performance - The North Exchange 50 surged by 8.41%, marking its largest single-day increase in nearly six months, while the ChiNext Index rose nearly 3%, closing above 3300 points for the first time in four years [1][2]. - The total market turnover increased to 2.29 trillion yuan, reflecting heightened trading activity [1]. Sector Performance - Key sectors that performed well include photovoltaic equipment, Hainan, consumer electronics, and industrial metals, while banking, dispersed dyes, environmental monitoring, and ground weaponry sectors saw declines [2]. - The power equipment industry attracted over 34.9 billion yuan in net inflows, with non-ferrous metals and non-bank financials also receiving significant investments [3]. Investment Trends - The recent "15th Five-Year Plan" emphasizes the development of emerging pillar industries and innovation in sectors such as quantum technology, biomanufacturing, hydrogen energy, and sixth-generation mobile communication, which are expected to drive future economic growth [8]. - The photovoltaic sector experienced a notable rally, with the photovoltaic equipment index soaring by 8.11%, and major companies like Tongwei Co. and Longi Green Energy hitting their upper limits [8][11]. Company Highlights - Yangguang Electric Power reported a revenue of 66.4 billion yuan for the first three quarters, a year-on-year increase of 32.95%, with net profit rising by 56.34% to 11.9 billion yuan [11]. - TCL Zhonghuan, which had been experiencing losses for eight consecutive quarters, reported a significant reduction in its loss margin compared to the same period last year [11]. Future Outlook - Analysts suggest that the photovoltaic industry's competitive landscape is expected to improve due to recent measures aimed at reducing internal competition, presenting opportunities for valuation recovery [11]. - Companies in the photovoltaic sector, particularly those involved in storage inverters, BC and perovskite batteries, and polysilicon materials, are recommended for investment focus [11].

Group 1 - Solid-state battery technology is experiencing significant advancements, with Fangda Carbon New Material Co. announcing the successful production of oxide solid electrolytes and maintaining technical collaboration with industry leader CATL [3] - The Battery ETF (561910) has seen a substantial increase, rising by 3.18% with a trading volume exceeding 400 million, and has attracted a total of 1.967 billion in the last 20 trading days [1][4] - Major companies in the battery sector, such as Aters, Sungrow Power, and Penghui Energy, have reported significant stock price increases, indicating strong market interest [2][3] Group 2 - Sungrow Power's third-quarter report shows impressive financial performance, with revenue of 66.4 billion, a year-on-year increase of 33%, and a net profit of 11.88 billion, up 56.3% [3] - Recent macroeconomic planning emphasizes technology innovation as a driver for industrial upgrades, benefiting sectors like artificial intelligence, integrated circuits, and new energy [3] - The Battery ETF tracks the CS Battery Index, with approximately 40% weight in solid-state batteries and 60% in energy storage, providing comprehensive exposure to the industry [4]

Core Viewpoint - Gotion High-Tech's stock price increased by 5.11% to 56.39 CNY per share, with a trading volume of 311 million CNY and a market capitalization of 13.69 billion CNY as of October 29 [1] Group 1: Company Overview - Gotion High-Tech Co., Ltd. is located at 93 Tayuan Road, Suzhou High-tech Zone, Jiangsu Province, and was established on November 5, 2010, with its IPO on September 4, 2020 [1] - The company's main business involves the research, development, production, and sales of photovoltaic inverters [1] Group 2: Revenue Composition - The revenue composition of Gotion High-Tech is as follows: - Household system sales: 45.41% - Photovoltaic grid-connected inverters: 32.91% - Other products: 7.05% - Energy storage batteries: 7.02% - Photovoltaic energy storage inverters: 6.85% - Others (supplementary): 0.76% [1] Group 3: Fund Holdings - Xinhua Fund has one fund heavily invested in Gotion High-Tech, specifically the Xinhua Steady Return Flexible Allocation Mixed Fund (001004), which increased its holdings by 660 shares in the third quarter, totaling 31,100 shares, representing 3.23% of the fund's net value [2] - The fund has achieved a floating profit of approximately 85,200 CNY as of the latest data [2] Group 4: Fund Performance - The Xinhua Steady Return Flexible Allocation Mixed Fund (001004) was established on May 29, 2015, with a latest scale of 62.34 million CNY [2] - Year-to-date return is 17.41%, ranking 4845 out of 8155 in its category; the one-year return is 19.16%, ranking 4185 out of 8031; and since inception, the return is 44.97% [2] Group 5: Fund Manager Information - The fund manager of the Xinhua Steady Return Flexible Allocation Mixed Fund (001004) is Yu Jiaying, who has been in the position for 1 year and 160 days [3] - The total asset size of the fund is approximately 62.34 million CNY, with the best return during the tenure being 24.58% and the worst being 21.96% [3]

Group 1 - The core point of the news is that GCL-Poly Energy Holdings Limited (固德威) has seen a stock price increase of 5.11%, reaching 56.39 CNY per share, with a trading volume of 311 million CNY and a turnover rate of 2.31%, resulting in a total market capitalization of 13.69 billion CNY [1] - GCL-Poly Energy Holdings Limited, established on November 5, 2010, and listed on September 4, 2020, specializes in the research, production, and sales of photovoltaic inverters and related products [1] - The revenue composition of GCL-Poly includes 45.41% from household systems, 32.91% from photovoltaic grid-connected inverters, 7.05% from other products, 7.02% from energy storage batteries, 6.85% from photovoltaic energy storage inverters, and 0.76% from other sources [1] Group 2 - From the perspective of major fund holdings, Southern Fund has one fund heavily invested in GCL-Poly, specifically the Southern CSI New Energy ETF Linked A (南方中证新能源ETF联接A), which held 101 shares in the third quarter, maintaining the same number of shares as the previous period, ranking as the third-largest holding [2] - The Southern CSI New Energy ETF Linked A (012831) was established on August 24, 2021, with a current scale of 390 million CNY, achieving a year-to-date return of 37.74%, ranking 1247 out of 4216 in its category, and a one-year return of 25.21%, ranking 1842 out of 3877 [2] - The fund manager of Southern CSI New Energy ETF Linked A is Gong Tao, who has been in the position for 6 years and 112 days, with a total asset scale of 11.279 billion CNY, achieving the best fund return of 73.05% and the worst return of -39.57% during his tenure [3]

Investment Rating - The report recommends investment in the electric power equipment industry, highlighting specific companies for potential investment opportunities [1][3]. Core Insights - Lithium battery material prices continue to rise, with domestic lithium hexafluorophosphate averaging 95,000 yuan/ton, up 20.25% month-on-month, and export prices at 104,000 yuan/ton, up 20.93% [1]. - The average winning bid price for lithium battery energy storage systems increased to 0.4771 yuan/Wh in September 2025, reflecting a 4.33% month-on-month rise [1]. - The report emphasizes the ongoing high demand in the wind power sector, with a target of adding no less than 120GW of new installed capacity annually during the 14th Five-Year Plan period [3]. - The Indian market shows strong demand for photovoltaic installations, with 29.5GW added in the first three quarters of 2025, a 70% year-on-year increase [3]. Summary by Sections Lithium Battery Materials - Domestic lithium hexafluorophosphate prices are at 95,000 yuan/ton, a 20.25% increase month-on-month, while export prices are at 104,000 yuan/ton, up 20.93% [1]. - Recommended companies in the lithium battery sector include Zhuhai Guanyu, Shangtai Technology, and XWANDA [1]. Energy Storage Systems - The average winning bid price for lithium battery energy storage systems reached 0.4771 yuan/Wh in September 2025, marking a 4.33% increase month-on-month [1]. - Recommended companies in the energy storage sector include Yiwei Lithium Energy, Sungrow Power, and CATL [1]. Wind Power - The "Wind Energy Beijing Declaration 2.0" sets a target of at least 120GW of new installed capacity annually during the 14th Five-Year Plan, with a cumulative target of 1,300GW by 2030 [3]. - Recommended companies in the wind power sector include Goldwind Technology and Daikin Heavy Industries [3]. Photovoltaic Market - India added 29.5GW of new photovoltaic capacity in the first three quarters of 2025, a 70% year-on-year increase [3]. - Recommended companies in the photovoltaic sector include Aiko Solar, LONGi Green Energy, and Mibet [3].

Core Viewpoint - The A-share market has seen a significant rise in photovoltaic concept stocks, driven by the recent policy direction from the Chinese Communist Party emphasizing green transformation and carbon neutrality [1][2]. Group 1: Market Performance - In the A-share market, notable gains were observed in photovoltaic stocks, with Inno Laser rising over 11%, Zhongtian Rocket hitting the daily limit, and Jingrui Electric Materials increasing by over 9% [1]. - Other companies such as Maiwei Co., Sanfu New Science, and Huawu Co. also experienced substantial increases, ranging from 5% to 7% [1]. Group 2: Policy Influence - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China highlighted the need for a comprehensive green transformation of economic and social development, aiming for carbon peak and carbon neutrality [1]. - The session emphasized the importance of establishing a new energy system and promoting green production and lifestyle practices [1]. Group 3: Stock Data Summary - Inno Laser (301021) saw an increase of 11.72% with a market cap of 6.847 billion [2]. - Zhongtian Rocket (003009) rose by 10% with a market cap of 8.188 billion [2]. - Jingrui Electric Materials (300655) increased by 9.51% with a market cap of 16.309 billion [2]. - Maiwei Co. (300751) rose by 7.82% with a market cap of 29.111 billion [2]. - Other notable stocks include Sanfu New Science (688359) up 6.44%, Huawu Co. (300095) up 6.03%, and Sunshine Power (300274) up 5.46% [2].

Group 1 - The core viewpoint of the news is that GCL-Poly Energy Holdings Limited (固德威) has seen a stock price increase of 5.04%, reaching 55.84 CNY per share, with a trading volume of 240 million CNY and a turnover rate of 1.80%, resulting in a total market capitalization of 13.556 billion CNY [1] - GCL-Poly Energy Holdings Limited, established on November 5, 2010, and listed on September 4, 2020, specializes in the research, production, and sales of photovoltaic inverters and related products [1] - The revenue composition of GCL-Poly includes: 45.41% from household systems, 32.91% from grid-connected photovoltaic inverters, 7.05% from other products, 7.02% from energy storage batteries, 6.85% from photovoltaic energy storage inverters, and 0.76% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Xinhua Fund has a significant position in GCL-Poly, with the Xinhua Stable Return Flexible Allocation Mixed Fund (001004) holding 30,400 shares, accounting for 2.51% of the fund's net value, making it the sixth-largest holding [2] - The Xinhua Stable Return Flexible Allocation Mixed Fund (001004) was established on May 29, 2015, with a latest scale of 52.596 million CNY, achieving a year-to-date return of 17.45% and a one-year return of 21.54% [2] - The fund manager, Yu Jiaying, has been in charge for 1 year and 155 days, with the fund's total assets amounting to 52.5968 million CNY, achieving a best return of 23.47% and a worst return of 21.96% during her tenure [3]