证券代码：688408 证券简称：中信博 公告编号：2025-054 江苏中信博新能源科技股份有限公司 关于使用闲置募集资金进行现金管理的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 投资种类：安全性高、流动性好、期限不超过 12 个月（含）、符合要 求的投资产品（包括但不限于结构性存款、大额存单等），使用期限自董事会 审议通过之日起 12 个月内有效。 ● 投资金额：额度不超过 5 亿元人民币，在上述额度内资金可循环进行， 滚动使用。 ● 已履行的审议程序：公司于 2025 年 10 月 22 日召开第四届董事会审计 委员会 2025 年第三次会议，2025 年 10 月 27 日召开第四届董事会第三次会议， 审议通过了《关于公司使用闲置募集资金进行现金管理的议案》，保荐机构已 发表明确同意的意见。上述事项在公司董事会审批权限范围内，无须提交股东 会审议。 ● 特别风险提示：尽管公司拟投资安全性高、流动性好、期限不超过 12 个月（含）的投资产品，投资风险可控，但金融市场受宏观经济影响较大，公 ...

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the third quarter of 2025, indicating ongoing challenges in the industry due to competitive pressures and market adjustments [1] Financial Performance - Revenue for the third quarter was 1.341 billion yuan, a year-on-year decrease of 48.54% [1] - The net profit for the third quarter was a loss of 35.961 million yuan, marking a shift from profit to loss compared to the previous year [1] - For the first three quarters, the net profit was 121 million yuan, reflecting a year-on-year decline of 71.59% [1] Industry Context - The domestic industry is still in a phase of capacity clearing, with a severe competitive landscape [1] - To maintain market position, the company has increased the proportion of lower-priced fixed supports in its product structure, which has negatively impacted the overall gross margin [1]

Financial Performance - The company's operating revenue for the third quarter was ¥1,341,030,490.81, a decrease of 48.54% compared to the same period last year[3] - The total profit for the quarter was -¥48,386,576.69, representing a decline of 119.76% year-on-year[3] - The net profit attributable to shareholders was -¥35,961,030.53, down 118.35% from the previous year[3] - The basic earnings per share for the quarter was -¥0.17, a decrease of 117.35% year-on-year[3] - The weighted average return on net assets was -0.84%, a decrease of 7.20 percentage points compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 was approximately ¥5.38 billion, a decrease of 10.1% compared to ¥5.98 billion in the same period of 2024[20] - Net profit for the first three quarters of 2025 was approximately ¥121.84 million, a decline of 72.8% compared to ¥433.40 million in the same period of 2024[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.56, down from ¥2.13 in the same period of 2024[22] Research and Development - Research and development expenses totaled ¥56,993,406.32, accounting for 4.25% of operating revenue, an increase of 2.22 percentage points[4] - Increased R&D expenses are aimed at developing new strategic initiatives, including smart cleaning robots and green energy solutions[9] - Research and development expenses for the first three quarters of 2025 were approximately ¥158.46 million, an increase of 23.1% from ¥128.78 million in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,929,658,481.95, a slight increase of 0.06% from the end of the previous year[4] - Total assets as of the end of the reporting period were approximately ¥9.93 billion, slightly up from ¥9.92 billion at the end of the previous period[18] - Total liabilities increased to approximately ¥5.66 billion, compared to ¥5.50 billion in the previous period, reflecting a rise of 2.9%[18] - Non-current liabilities totaled approximately ¥908.31 million, up from ¥548.55 million, indicating a significant increase of 65.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,266[11] - The largest shareholder, Cai Hao, holds 75,831,582 shares, representing 34.62% of total shares[12] - The total number of shares held by the top 10 unrestricted shareholders is 109,000,000 shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[13] Cash Flow and Investments - Net cash flow from operating activities was -1,013,804,346.18, compared to -807,416,116.16 in the previous period, indicating a decline in operational cash generation[25] - Cash inflow from investment activities totaled 2,200,715,080.50, significantly higher than 854,847,117.74 in the prior period, reflecting increased investment recovery[25] - Net cash flow from financing activities was 404,968,087.61, down from 655,455,046.54, suggesting a reduction in financing inflows[26] - The total cash and cash equivalents at the end of the period stood at 2,299,584,697.07, compared to 1,752,692,105.56 at the end of the previous period, showing an increase in liquidity[26] - Cash received from investment recovery was 2,186,000,000.00, up from 850,053,470.69, indicating improved asset liquidation[25] - Cash outflow for purchasing fixed assets and intangible assets was 266,791,671.95, compared to 122,668,063.17, reflecting increased capital expenditure[25] - Cash paid for employee compensation was 384,558,312.88, higher than 269,478,719.84, indicating increased workforce costs[25] - Cash received from tax refunds was 307,504,116.40, compared to 133,924,695.85, showing improved tax recovery efforts[25] - Total cash outflow from operating activities was 7,562,663,048.67, down from 8,100,560,553.03, indicating a reduction in operational expenses[25] - The impact of exchange rate changes on cash and cash equivalents was 4,115,998.76, compared to 2,714,209.98, reflecting currency fluctuations' effect on liquidity[26] Operational Challenges - The company faced delays in project deliveries due to rising component prices and land acquisition issues, impacting revenue recognition[8] - The company is investing in global expansion by establishing subsidiaries in various countries, including factory investments in Saudi Arabia[9]

Core Insights - The company reported a significant decline in revenue and net profit for the third quarter, indicating financial challenges [1] - Year-to-date figures also show a downward trend in both revenue and net profit compared to the previous year [1] Financial Performance - Q3 revenue was 1.341 billion, a year-on-year decrease of 48.54% [1] - Q3 net loss was 35.961 million, compared to a net profit of 121 million in the same period last year [1] - Year-to-date revenue reached 5.378 billion, down 10.11% year-on-year [1] - Year-to-date net profit was 121 million, reflecting a 71.59% decline compared to the previous year [1]

Core Viewpoint - As of October 24, a total of 94 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Notable Financing Inflows - The stock with the longest consecutive net inflow is Maixinlin, which has seen net buying for 12 consecutive trading days [1] - Other stocks with significant consecutive net inflows include Hangyang Co., Guizhou Gas, Anbang Guard, Xusheng Group, Jifeng Co., Dazhong CNC, Shanghai Airport, and CITIC Bo [1]

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 Points - The company held a shareholders' meeting on October 17, 2025, with all procedures and voting methods compliant with relevant laws and regulations [5][7]. - The meeting was chaired by the chairman, Mr. Lü Hanzhuan, and utilized a combination of on-site and online voting [2][3]. - The meeting's resolutions were passed with more than half of the valid voting rights represented [3][6]. Meeting Details - The location of the shareholders' meeting was at Room 501, Building 4, No. 351 Changhe Road, Changhe Street, Binjiang District, Hangzhou [2]. - A total of 7 directors attended the meeting, with all present either in person or via communication methods [3][6]. - The meeting included a separate vote for small and medium investors on one of the proposals [4]. Legal Oversight - The meeting was witnessed by Beijing Gaopeng (Hangzhou) Law Firm, confirming that all procedures and voting results were legal and valid [5][7]. - The presence of the company's vice president and board secretary, Ms. Ji Zhen, was noted, along with other senior management attending the meeting [6].

证券代码：688408 证券简称：中信博 公告编号：2025-053 江苏中信博新能源科技股份有限公司 关于召开 2025 年半年度 暨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、准确性和完整性依法承担法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 23 日（星期四）至 10 月 29 日（星期三）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 investor.list@arctechsolar.com 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。 江苏中信博新能源科技股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日发布 2025 年半年度报告及拟于 2025 年 10 月 28 日发布 2025 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 2025 年半年度及第三季度经营成果、 财务状况，公司计划于 2025 年 10 月 3 ...

Core Points - The stock price of CITIC Bo fell by 2.00% on October 16, closing at 45.50 CNY per share, with a market capitalization of 9.967 billion CNY [1] - The company has experienced a significant decline in stock price, down 35.92% year-to-date and 5.58% over the last five trading days [1] - CITIC Bo's main business involves the research, design, production, and sales of photovoltaic brackets, with 97.74% of revenue coming from product sales [1] Financial Performance - For the first half of 2025, CITIC Bo reported operating revenue of 4.037 billion CNY, a year-on-year increase of 19.55%, while net profit attributable to shareholders decreased by 31.79% to 158 million CNY [2] - The company has distributed a total of 412 million CNY in dividends since its A-share listing, with 349 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of CITIC Bo shareholders decreased by 21.44% to 11,300, while the average number of tradable shares per shareholder increased by 37.79% to 19,312 shares [2] - The second-largest shareholder is Hong Kong Central Clearing Limited, which increased its holdings by 5.9133 million shares to 10.0537 million shares [3]

Group 1 - Company announced a share buyback of approximately 1.75 million shares, representing 0.7995% of the total share capital of about 219 million shares [1] - The highest buyback price was 52 CNY per share, while the lowest was 45.11 CNY per share, with a total transaction amount of approximately 85.27 million CNY [1] - For the year 2024, the company's revenue composition is heavily weighted towards the photovoltaic industry, accounting for 99.38%, with other businesses making up only 0.62% [1] Group 2 - The company's market capitalization is currently 10.6 billion CNY [2]