立 信 (精彩 江苏中信博新能源科技股份有限公司 向特定对象发行股票投资者认购资金 验资报告 截至 2024 年 11 月 7 日止 否由具有执业许可的会计师事 您可使用手机"扫一扫"或进入"注册会计师行业统一监管 立信会计师事务所(特殊普通合伙) O CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 验 资 报 告 信会师报字[2024]第 ZF11137 号 国投证券股份有限公司: 我们接受委托,审验了国投证券股份有限公司(以下简称"国投 证券")承销的江苏中信博新能源科技股份有限公司(以下简称"中信 博"或"发行人")本次向特定对象发行普通股 A 股的认购对象截至 2024 年 11月7日止认购资金到位情况。按照国家相关法律、法规的 规定和认购邀请书的要求进行股票申购,按时足额缴纳认购资金是各 申请股票认购的投资者的责任,提供真实、合法、完整的验证资料, 保护资金的安全、完整是承销商的责任。我们的责任是对国投证券承 销的中信博本次向特定对象发行普通股 A 股认购资金的实收情况发 表审验意见。我们的审验是依据《中国注册会计师审计准则第 1602 号-验资》进行的 ...

证券代码：688408 证券简称：中信博 江苏中信博新能源科技股份有限公司 向特定对象发行A股股票 发行情况报告书 保荐人（联席主承销商）：国投证券股份有限公司 联席主承销商：中信证券股份有限公司 二〇二四年十一月 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 任。 4 蔡 浩 杨 颖 周石俊 韦 钢 章之旺 马 飞 吕 芳 全体监事签名： 王宗星 张 艳 徐停冈 全体高级管理人员签名： 蔡 浩 荆锁龙 周石俊 杨 颖 刘义君 吴四海 潘雪芳 陈夫海 江苏中信博新能源科技股份有限公司 年 月 日 1 发行人及全体董事、监事、高级管理人员声明 本公司全体董事、监事、高级管理人员承诺本发行情况报告书不存在虚假记 全体董事签名： | | 蔡浩 | 杨颖 | 周石俊 | | --- | --- | --- | --- | | | 2 WA | | | | | 韦钢 | 草之旺 | 马飞 | | | 吕 芳 | | | | 本监事签名: | | | | | | 王宗星 | 张艳 | 徐停冈 | | 本高级管理人员签名: | | | | | | 蔡浩 | 荆锁龙 | 周石俊 | | | 杨颖 | ...

信 睛 壁 江苏中信博新能源科技股份有限公司 验 资 报 告 截至 2024 年 11 月 8 日止 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.oov.cn）"讲行奉础 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLI 验资报告 信会师报字[2024]第 ZF11138 号 江苏中信博新能源科技股份有限公司全体股东: 我们接受委托,审验了江苏中信博新能源科技股份有限公司(以 下简称"贵公司")截至2024年11月8日止新增注册资本及股本情况。 按照法律法规以及协议、章程的要求出资,提供真实、合法、完整的 验资资料,保护资产的安全、完整是全体股东及贵公司的责任。我们 的责任是对贵公司新增注册资本及股本情况发表审验意见。我们的审 验是依据《中国注册会计师审计准则第 1602 号 -- 验资》进行的。 在审验过程中,我们结合贵公司的实际情况,实施了检查等必要的审 验程序。 贵公司原注册资本为人民币 202,462,150.00 元,股本为人民币 202.462,150.00元。 ...

北京海润天睿律师事务所 关于江苏中信博新能源科技股份有限公司 2022 年度向特定对象发行股票 发行过程和认购对象合规性的 法律意见书 中国·北京 法律意见书 释 义 在法律意见中，除非文义另有说明，下列词语具有如下含义： | 发行人、中信博 | 指 | 江苏中信博新能源科技股份有限公司 | | --- | --- | --- | | | | 江苏中信博新能源科技股份有限公司本次向特定对象发 | | 本次发行 | 指 | 行不超过 6,073.8645 万股（含本数）人民币普通股股票（A） | | | | 股并在上海证券交易所科创板上市 | | | | 《北京海润天睿律师事务所关于江苏中信博新能源科技 | | 本法律意见书 | 指 | 股份有限公司 年度向特定对象发行股票发行过程和 2022 | | | | 认购对象合规性的法律意见书》 | | 《认购邀请书》 | 指 | 《江苏中信博新能源科技股份有限公司向特定对象发行 A | | | | 股股票认购邀请书》 | | 《申购报价单》 | 指 | 《江苏中信博新能源科技股份有限公司向特定对象发行 A | | | | 股股票申购报价单》 | | 《股份认购合同》 ...

国投证券股份有限公司、中信证券股份有限公司 关于江苏中信博新能源科技股份有限公司 向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 保荐人（联席主承销商）：国投证券股份有限公司 联席主承销商：中信证券股份有限公司 二〇二四年十一月 上海证券交易所： 江苏中信博新能源科技股份有限公司（以下简称"中信博"、"发行人"或 "公司"）本次向特定对象发行 A 股股票（以下简称"本次发行"）的申请已 获中国证券监督管理委员会（以下简称"中国证监会"）《关于同意江苏中信博 新能源科技股份有限公司向特定对象发行股票注册的批复》（证监许可〔2024〕 1236 号）同意注册。 国投证券股份有限公司（以下简称"国投证券"或"保荐人"）作为本次发 行的保荐人（联席主承销商）、中信证券股份有限公司（以下简称"中信证券"） 作为本次发行的联席主承销商（国投证券和中信证券合称"联席主承销商"）， 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》"）、《证券发行与承销管理办法》（以下 简称"《承销管理办法》"）、《上市公司证券发行注册管理办法》（以下简称 "《注册管理办法》 ...

证券代码：688408 证券简称：中信博 公告编号：2024-049 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、准确性和完整性依法承担法律责任。 2024 年 11 月 15 日 江苏中信博新能源科技股份有限公司（以下简称"公司"）向特定对象发行 A 股股票发行承销总结及相关文件已经上海证券交易所备案通过，公司将依据相 关规定尽快办理本次发行新增股份的登记托管事宜。 1 《江苏中信博新能源科技股份有限公司向特定对象发行 A 股股票发行情况 报告书》及相关文件已于同日在上海证券交易所网站（www.sse.com.cn）披露， 敬请广大投资者查阅。 特此公告。 江苏中信博新能源科技股份有限公司 关于向特定对象发行 A 股股票发行情况报告书 披露的提示性公告 江苏中信博新能源科技股份有限公司董事会 ...

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The company achieved a revenue of 5.982 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 76.3%, and a net profit attributable to shareholders of 427 million yuan, up 171.48% year-on-year. In Q3 2024 alone, the revenue was 2.606 billion yuan, with a year-on-year increase of 77.05%, and a net profit of 196 million yuan, reflecting a growth of 230.39% year-on-year [1]. - The strong performance is attributed to the robust demand for photovoltaic power station installations both domestically and internationally, which has significantly boosted the company's overseas business. The company has a global marketing service network and supply chain delivery system, enhancing its revenue [1]. - The gross profit margin improved by 2.8 percentage points year-on-year, and the net profit margin increased by 2.45 percentage points to 7.80% in Q3 2024. The company also reported a significant improvement in cash flow, with a net cash flow from operating activities of 417 million yuan [1]. - The company has a strong order backlog, with new signed orders for photovoltaic brackets totaling approximately 7 GW, valued at nearly 2.5 billion yuan. The total order backlog stands at approximately 5.99 billion yuan, indicating strong growth potential [1]. - The company has received approval from the CSRC for a non-public offering to raise up to 1.1 billion yuan, aimed at enhancing its competitiveness in the photovoltaic bracket business [1]. Financial Summary - For 2024, the company is projected to achieve a revenue of 9.83 billion yuan, with a growth rate of 53.83%, and a net profit of 700.90 million yuan, reflecting a growth rate of 103.14% [2]. - The earnings per share (EPS) is expected to be 3.46 yuan in 2024, with a price-to-earnings (PE) ratio of 23 [2]. - The company’s return on equity (ROE) is projected to be 20.45% in 2024, indicating strong profitability [2].

Investment Rating - The investment rating for the company is "Buy" (首次覆盖) [1] Core Views - The company reported a revenue of 5.982 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 76.30%. The net profit attributable to shareholders was 427 million yuan, up 171.48% year-on-year. In Q3 2024 alone, revenue reached 2.606 billion yuan, a 77.05% increase year-on-year, with a net profit of 203 million yuan, marking a 238.17% increase year-on-year [1] - The company's gross margin improved to 19.37%, an increase of 2.84 percentage points year-on-year, and the net profit margin reached 7.24%, up 2.65 percentage points year-on-year. The significant improvement in profitability is attributed to the increasing shipment ratio of high-margin tracking brackets [1] - The company’s contract liabilities reached a record high of 856 million yuan, a 35% increase year-on-year, with total orders on hand amounting to approximately 5.99 billion yuan, indicating strong demand and order growth that is expected to support continued performance growth [1] - The company has established a global business layout, with rapid development in emerging markets such as India, the Middle East, Central Asia, and Latin America, responding to the Belt and Road Initiative and gradually improving its global marketing service network [1] Financial Summary - For the first three quarters of 2024, the company achieved a gross profit margin of 19.37%, a net profit margin of 7.24%, and a significant increase in profitability due to the higher shipment ratio of high-margin products [1] - The company is projected to achieve net profits of 688 million yuan, 855 million yuan, and 1.066 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 23.6, 19.0, and 15.2 [2][3] - The financial forecast indicates a steady increase in revenue from 3.703 billion yuan in 2022 to an estimated 13.314 billion yuan in 2026, with a compound annual growth rate of approximately 15.08% [2][6]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% compared to the CSI 300 index in the next six months [9]. Core Views - The company achieved record high revenue and profit in Q3 2024, with total revenue reaching 5.982 billion yuan, a year-on-year increase of 76.30%, and net profit attributable to shareholders at 427 million yuan, up 171.48% year-on-year [2][3]. - The company has a robust order backlog of approximately 5.99 billion yuan, indicating strong demand and growth potential in the photovoltaic support structure market [3]. - The company is experiencing significant growth in its tracking support business, leading to an increase in gross margin to 19.37% for the first three quarters of 2024, up 2.84 percentage points year-on-year [3]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a revenue of 5.982 billion yuan, with a net profit of 427 million yuan, and a non-recurring net profit of 409 million yuan, reflecting substantial growth rates of 76.30%, 171.48%, and 217.63% respectively [2][3]. - In Q3 2024 alone, revenue was 2.606 billion yuan, a year-on-year increase of 77.05% and a quarter-on-quarter increase of 66.82% [2][3]. Order Backlog and Market Position - The company has a strong order backlog of approximately 5.99 billion yuan, with tracking supports accounting for about 5.21 billion yuan and fixed supports for about 752 million yuan [3]. - The company is positioned as a leader in the photovoltaic support structure market, benefiting from high demand and a favorable competitive landscape [3]. Profitability and Cost Management - The net profit margin for the first three quarters of 2024 was 7.14%, an increase of 2.50 percentage points year-on-year, with Q3 net profit margin reaching 7.52%, up 3.49 percentage points year-on-year [3]. - The company has effectively managed its sales, administrative, and financial expenses, resulting in a combined expense ratio of 6.63% for the first three quarters of 2024, down 0.39 percentage points year-on-year [3]. Future Projections - The report maintains profit forecasts for 2024-2026, expecting net profits of 769 million yuan, 948 million yuan, and 1.164 billion yuan respectively [3][4].

Investment Rating - The report maintains a "Recommended" rating for the company [4][7]. Core Views - The company's Q3 performance exceeded expectations, with significant growth in both revenue and net profit driven by continuous breakthroughs in overseas markets and high demand in emerging markets [1][2]. - The company has a substantial order backlog of approximately RMB 59.9 billion, with tracking brackets accounting for about RMB 52.1 billion, ensuring sustained growth in shipment volumes [2]. - The company secured a major order in the Middle East, further enhancing its local production capacity in overseas markets, which supports its international expansion strategy [3]. Financial Performance - For the first three quarters of 2024, the company achieved revenue of RMB 59.82 billion, a year-on-year increase of 76.30%, and a net profit of RMB 4.27 billion, up 171.48% year-on-year [1]. - In Q3 2024 alone, the company reported revenue of RMB 26.06 billion, a year-on-year increase of 77.05%, and a net profit of RMB 1.96 billion, reflecting a year-on-year growth of 230.39% [1]. - The company is projected to achieve revenues of RMB 92.65 billion, RMB 119.48 billion, and RMB 140.54 billion for the years 2024, 2025, and 2026, respectively, with corresponding net profits of RMB 7.09 billion, RMB 9.46 billion, and RMB 11.59 billion [4][8]. Order and Production Capacity - The company signed new photovoltaic bracket orders totaling 7GW in Q3 2024, with a contract value of approximately RMB 25 billion, indicating strong future shipment potential [2]. - The company has established six global production bases, with an annual delivery capacity of over 30GW for tracking brackets, supporting its international market presence [3].