在整体的像越南子公司两个子公司的这个G利润的话分别是36和这个这个16个亿左右16个亿左右的利润那整体的表现是很好的然后我想问一下的就是现在我们算没有算过就是在24年就是在美国这边的话单瓦经历以及2023年的单瓦经历以及一季度的这个单瓦经历和出货的这个情况 然后第二个的话想问一下就是因为其实美国我们一直还是做得不错的但是一季度其实在毛利率上来讲的话看起来季度的波动还是比较大的 环比来看那这里面的话讲这个麻烦管理层给我们做一个归因啊一季度这块的一个波动大的这个原因然后这些因此的话在二季度的一个边际变化是怎么展望的那主要是这两个问题 下面请我们财务负责人邵辉总来回答您您第一个问题就是说关于我们的越南基地我们的越南基地我们去年荣誉还是比较好的整体的盈利水平超过我们从整国内的生产基地 最主要的原因吧也就是越南呢我们针对的是美国的市场所以说呢因为美国的价格也比较好我们就是再来找这个这个这个超额的一些这个这个收益针对今年呢今年的这个预测其实是很难的因为光复行业呢我们知道就是说 也不是说最近 我们就是一直让这个光合行业无论是这种新能源的发展还是对一个国家的能源战略都是全世界的 无论是民间还是政府都是关注的一个焦点 各项的贸 ...

Investment Rating - The investment rating for the company is "Buy" [4][15]. Core Views - The company achieved a revenue of 81.56 billion yuan in 2023, representing a year-on-year increase of 11.74%, and a net profit attributable to shareholders of 7.04 billion yuan, up 27.21% year-on-year. However, in Q1 2024, the revenue dropped to 15.97 billion yuan, down 22.02% year-on-year, with a net loss of 483 million yuan, a significant decline of 118.70% year-on-year [1][2]. - The company is focusing on new technologies to reduce costs and improve the Levelized Cost of Energy (LCOE). By the end of 2023, the company's photovoltaic module capacity reached 95 GW, with a high degree of integration in the supply chain, particularly in n-type battery production [1]. - The overseas market remains a key growth area, with 53% of component sales coming from international markets in 2023, particularly in the Americas, where the gross margin was significantly higher than domestic sales [1]. Financial Performance Summary - In 2023, the company reported a revenue of 81,556 million yuan, with a year-on-year growth rate of 11.7%. The net profit attributable to shareholders was 7,039 million yuan, reflecting a growth rate of 27.2% [3][9]. - The forecast for 2024 indicates a revenue of 82,568 million yuan, with a projected decline in net profit to 3,369 million yuan, a decrease of 52.1% year-on-year [3][9]. - The company's earnings per share (EPS) for 2023 was 2.13 yuan, with a projected EPS of 1.02 yuan for 2024 [3][9]. Strategic Initiatives - The company plans to repurchase shares worth between 400 million yuan and 800 million yuan to support employee stock ownership plans and long-term incentives [2]. - The introduction of the new n-type component product, DeepBlue 4.0 Pro, aims to lower BOS costs by 2%-4.5% and reduce LCOE by 2.5%-6% compared to traditional P-type components [1]. Market Positioning - The company maintains a strong position in the integrated photovoltaic market, with a significant focus on enhancing its overseas presence, particularly in high-margin regions like the Americas [1][2].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 14.22 CNY [1]. Core Insights - The company achieved a revenue of 81.556 billion CNY in 2023, representing a year-on-year growth of 27.21%. The net profit attributable to shareholders was 7.039 billion CNY, with a year-on-year increase of 28.46% [1]. - The company is expected to continue its growth trajectory with a projected revenue of 87.617 billion CNY in 2024, although net profit is forecasted to decline to 2.719 billion CNY, reflecting a significant drop of 61.4% [2]. - The company is focusing on increasing its overseas shipment ratio, which is expected to continue growing, with a target of 85-95 GW for component shipments in 2024 [1]. - Advanced production capacity is being accelerated to strengthen the company's integrated advantages, with a planned capacity of over 100 GW for silicon wafers, battery cells, and modules by the end of 2024 [1]. - The company emphasizes cost reduction and efficiency improvement, with R&D expenses accounting for 5.45% of revenue in 2023, and aims to enhance product quality through innovative technologies [1]. Financial Summary - The company reported total revenue of 81,556 million CNY in 2023, with a growth rate of 11.74% projected for 2024 [2]. - The net profit attributable to shareholders for 2023 was 7,039 million CNY, with a forecasted decline to 2,719 million CNY in 2024 [2]. - The earnings per share (EPS) for 2023 was 2.13 CNY, expected to drop to 0.82 CNY in 2024 [2]. - The company’s price-to-earnings (PE) ratio is projected to be 7 in 2023, increasing to 17 in 2024 [3].

Financial Performance - In 2023, the company achieved operating revenue of 81.556 billion CNY, an increase of 11.74% year-on-year [1] - The net profit attributable to shareholders was 27.21 billion CNY, reflecting a growth of 118.70% compared to the previous year [1] - Total assets at the end of the reporting period amounted to 1065.89 billion CNY, with net assets attributable to shareholders at 351.16 billion CNY [1] Production and Sales - In Q1 2023, the company shipped 16.1 GW of battery components, with overseas shipments accounting for approximately 62% [3] - The company’s N-type component shipments reached 6.6 GW, representing 46.6% of total shipments [3] - The total battery component shipment for 2024 is projected to be between 20-23 GW, with N-type products making up around 70% [4] Research and Development - R&D investment in 2023 was 4.446 billion CNY, with 1,263 patents authorized, including 285 invention patents [3] - The company has accelerated the development of N-type battery technology, achieving a conversion efficiency of 26.3% [3] Capital Operations - The company successfully completed a convertible bond issuance, raising 8.96 billion CNY for N-type product capacity construction [3] - A share repurchase plan of 400-800 million CNY is in place, aimed at employee stock ownership plans or equity incentives [3] Market Outlook - Global market demand for installed capacity is conservatively estimated at 510-520 GW, with component demand between 600-650 GW [4] - The company plans to optimize domestic capacity while actively expanding overseas, with ongoing projects in Vietnam and the U.S. [4] Sustainability Initiatives - Six bases have been recognized as national "green factories," and the company has donated 20 million CNY for disaster relief efforts [3] - Continuous improvement of corporate governance structures and timely updates to governance policies are in place to enhance operational standards [4]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company's performance has been impacted by asset impairment, but its channel and technological advantages are expected to support profit recovery [2] - In 2023, the company achieved revenue of 81.556 billion RMB, a year-on-year increase of 11.7%, and a net profit attributable to shareholders of 7.039 billion RMB, up 27.2% year-on-year [2] - The company continues to see growth in component shipments, with a target of 85-95GW for 2024 [3] - The company has faced pressure on profitability due to product price declines and has made prudent asset impairment provisions to ensure asset quality [2][3] Summary by Sections Performance Analysis - In Q1 2024, the company reported revenue of 15.971 billion RMB, down 22.0% year-on-year, and a net loss of 0.483 billion RMB, a decline of 118.7% year-on-year [2] - The company shipped 57.09GW of battery components in 2023, a 39.5% increase year-on-year, with Q1 2024 shipments at 16.059GW, an 11% increase year-on-year [2][3] Product and Market Position - The company has a leading position in TOPCon capacity and overseas channel layout, which is expected to support market share growth and profit recovery [3] - The company has established a global sales service network across 165 countries, with overseas shipments accounting for 48% in 2023, projected to rise to 62% in 2024 [3] Financial Forecast and Valuation - The net profit forecasts for 2024 and 2025 have been revised down to 2.8 billion RMB (down 72%) and 3.9 billion RMB (down 68%), respectively, with a new forecast of 4.8 billion RMB for 2026 [3] - The current stock price corresponds to a PE ratio of 18, 13, and 10 times for 2024, 2025, and 2026, respectively [3]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.63 per 10 shares (tax included) to all shareholders[4] - A cash dividend of 0.563 yuan per share was proposed, totaling 2.112 billion yuan including share repurchases, representing 30% of net profit[112] - The company plans to distribute cash dividends of RMB 5.63 per 10 shares, totaling RMB 1,851,923,026.48[152] - The total cash dividends, including share repurchases, amount to RMB 2,111,851,755.10, representing 30% of the net profit attributable to shareholders[152] Company Address and Stock Listing - The company's registered address was changed from "No. 3, Tianshan North Road, Qinhuangdao Economic and Technological Development Zone" to "No. 123, Xinxing Road, Ningjin County, Hebei Province" on April 23, 2020[9] - The company's stock is listed on the Shenzhen Stock Exchange with the stock code 002459[9] Annual Report and Financial Statements - The company's annual report for 2023 was released in April 2024[1] - The company's board of directors, supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the annual report[3] - The company's future plans and business objectives in the report are forward-looking statements and do not constitute a substantive commitment to investors[3] - The company's annual report includes detailed descriptions of potential risks in its operations in the "Management Discussion and Analysis" section[3] - The company's annual report is available at the Securities Affairs Department located at Building 8, Node Center, No. 1, Automobile Museum East Road, Fengtai District, Beijing[6] - The company's annual report includes financial statements signed by the company's responsible person, the person in charge of accounting work, and the accounting institution[6] - The company's annual report includes an audit report with the seal of the accounting firm and the signature of the certified public accountant[6] Financial Performance - Revenue for 2023 reached RMB 81.56 billion, an increase of 11.74% compared to 2022[18] - Net profit attributable to shareholders in 2023 was RMB 7.04 billion, up 27.21% year-on-year[18] - Operating cash flow surged by 51.72% to RMB 12.41 billion in 2023[18] - Total assets grew by 47.15% to RMB 106.59 billion at the end of 2023[19] - Basic earnings per share increased by 25.15% to RMB 2.14 in 2023[18] - Q4 2023 revenue was RMB 21.58 billion, the highest among all quarters[21] - Q4 2023 net profit attributable to shareholders was RMB 274.66 million, the lowest among all quarters[21] - Q4 2023 operating cash flow was RMB 5.26 billion, the highest among all quarters[21] - Weighted average return on equity decreased by 1.65% to 22.52% in 2023[19] - Non-current asset disposal losses amounted to -213,483,538.13 in 2023, primarily due to the disposal of obsolete assets for technological upgrades[23] - Government subsidies recognized in 2023 totaled 627,197,400.18, a significant increase from 339,784,651.05 in 2022[23] - Fair value changes and disposal losses of financial assets and liabilities resulted in a loss of -425,313,440.17 in 2023, mainly due to foreign exchange hedging losses[23] - The company achieved annual revenue of 81.556 billion yuan, an increase of 11.74% year-on-year[111] - Net profit attributable to shareholders was 7.039 billion yuan, up 27.21% compared to the previous year[111] Global PV Market Trends - Global PV installations reached a record high of 444GW in 2023, a 76% year-on-year increase[24] - By 2030, global renewable energy capacity needs to reach over 11,000GW, with solar PV and wind power accounting for 90% of new renewable energy capacity[24] - The number of countries with GW-level PV installations increased to 32 in 2023, with projections of 39 in 2024 and 53 in 2025[24] - Global PV cumulative installations are expected to reach at least 5.4TW by 2030, requiring an additional 4.3TW from 2023-2030, with an annual growth of 544GW[25] - By 2027, global PV cumulative installations are projected to surpass coal, becoming the largest power source[26] - China's PV installations are expected to reach 190-220GW in 2024, with cumulative installations exceeding 810GW[26] - EU PV installations grew by 55.9GW in 2023, with cumulative installations reaching 263GW, a 27% increase[27] - US PV installations reached 32.4GW in 2023, a year-on-year increase of over 50%, accounting for more than half of all new power installations[29] - China's PV new installations in 2023 reached 216.88GW, a year-on-year increase of 148.1%, with distributed PV installations at 96.29GW and centralized PV installations at 120.59GW[30] - China's PV manufacturing output in 2023: polysilicon 1.43 million tons (+66.9%), silicon wafers 622GW (+67.5%), PV cells 545GW (+64.9%), and PV modules 499GW (+69.3%)[30] - China's PV product export value in 2023 was approximately $48.48 billion, a year-on-year decrease of 5.4%, with Europe accounting for 42% of exports[30] Company's PV Business and Industry Position - The company's PV module shipments ranked among the top four globally from 2022 to 2023, maintaining a leading industry position[32] - The company operates a vertically integrated PV industry chain, with production facilities in China and Vietnam, focusing on silicon wafers, cells, modules, and PV power station development[33] - The company established the "Smart Energy Division" to expand investments in downstream PV applications and explore various PV power generation scenarios[33] - The company focuses on R&D to improve the photoelectric conversion efficiency of crystalline silicon solar cells and reduce production costs[32] - The company was recognized as a "National Manufacturing Champion" in March 2024, reaffirming its industry leadership[32] - The company's "Photovoltaic New Materials Division" strengthens R&D in PV materials and equipment to support the main industry chain and reduce costs[33] - The latest n-type Bycium+ battery technology has achieved a mass production conversion efficiency of 26.3%[34] - DeepBlue 4.0 Pro component power reaches 635W with an efficiency exceeding 22.8%[36] - DeepBlue 4.0 Pro reduces BOS costs by 2%-4.5% and LCOE by 2.5%-6% compared to p-type components[36] - The company's photovoltaic power station scale reached 2.165GW by the end of 2023[37] - The company's silicon rod and wafer production costs have significantly decreased, reaching industry-leading levels[34] - DeepBlue 4.0 Pro reduces BOS costs by 1.4%-2.8% and LCOE by 0.7%-1.6% compared to previous n-type components[36] - The company's battery production costs have significantly decreased, achieving industry-leading levels in conversion efficiency and production costs[34] - The company's photovoltaic product business group adopts a "sales-to-production" order-based production model[39] - The company's R&D model includes independent R&D and third-party collaborative R&D[40] - The company's overseas sales teams are localized to provide efficient product sales and technical services[40] - The company's photovoltaic module production capacity reached 95GW by the end of 2023, with silicon wafer and battery capacities at approximately 90% of module capacity[45] - The company has established 13 overseas sales companies, with a sales and service network covering 165 countries and regions[46] - The company's global layout strategy helps mitigate the impact of market fluctuations and international trade frictions, maintaining a stable development trend[47] - The company's energy storage center develops outdoor cabinet and prefabricated cabin energy storage systems using self-developed 1500V liquid cooling platform technology[43] - The company's photovoltaic new materials division adopts a "sales-to-production, moderate inventory" production model to better respond to market changes[44] - The company's centralized photovoltaic power stations adopt a "full grid connection" sales model, with electricity uniformly dispatched and settled by the grid[41] - The company's distributed commercial and industrial power stations use "self-consumption with surplus grid connection" or "full grid connection" sales models[41] - The company's household distributed power stations combine "full grid connection" with "roof leasing" models to promote rural economic development[42] - The company's photovoltaic new materials division focuses on independent R&D, continuously improving production processes and reducing costs[44] - The company's global layout includes vertical integration production factories in Southeast Asia and component factories in the United States to ensure overseas market supply[46] - The latest mass-produced n-type Bycium+ battery has achieved a conversion efficiency of 26.3%[48] - The company's component capacity reached 95GW by the end of 2023, with silicon wafer and battery capacity reaching about 90% of component capacity[49] - The company plans to further integrate production capacity in 2024, with each segment's capacity exceeding 100GW[49] - The company has been awarded the "Top Performer" component supplier by PVEL for the eighth time in 2023[48] - The company holds 1,263 authorized patents, including 285 invention patents, as of the end of 2023[48] - The company has been recognized as a "Top PV Brand" by EuPD Research in multiple countries and regions[50] - The company has been awarded the "Overall Best Performance" honor by RETC for four consecutive years from 2020 to 2023[50] - The company has been rated as a Tier 1 bankable brand by BloombergNEF and has received the PV ModuleTech Bankability AAA rating[50] - The company has implemented AGV vehicles, 5G networks, and AI technologies in production factories, significantly reducing the number of front-line employees[52] - The company has developed a self-developed production line fault management system, enabling rapid identification of production line issues and fault warnings[52] - Revenue reached 81,556.177 million yuan, a year-on-year increase of 11.74%, and net profit attributable to shareholders was 7,039.4905 million yuan, a year-on-year increase of 27.21%[54] - Battery module shipments reached 57.094GW, with overseas component shipments accounting for 48% and distribution shipments accounting for 27%[55] - R&D investment was 4.446 billion yuan, accounting for 5.45% of revenue, and the company has 1,263 authorized patents, including 285 invention patents[56] - Component production capacity exceeded 95GW, with silicon wafer and battery production capacity at about 90% of component capacity, and n-type battery production capacity exceeded 57GW[57] - Successfully issued convertible bonds raising 8.96 billion yuan for new production projects[59] - Initiated the issuance of public REITs to accelerate asset turnover and optimize the company's asset-liability structure[60] - Repurchased 12,483,600 shares for a total of 259.92872862 million yuan to establish a long-term incentive mechanism[62] - Six bases were awarded the national "Green Factory" title, and the company donated 20 million yuan for flood relief and reconstruction in Hebei Province[63] - Total operating revenue increased by 11.74% to 81,556,177,236.98 yuan in 2023 compared to 2022[64] - Revenue from the photovoltaic module segment grew by 11.13% to 78,174,617,903.22 yuan, accounting for 95.86% of total revenue[64] - Domestic revenue surged by 27.27% to 37,128,416,721.90 yuan, representing 45.53% of total revenue[64] - Revenue from the Americas increased by 36.48% to 13,571,634,350.71 yuan, making up 16.64% of total revenue[64] - Direct sales revenue rose by 25.98% to 59,428,565,574.59 yuan, accounting for 72.87% of total revenue[64] - Sales volume of photovoltaic modules increased by 39.47% to 53,145.46 MW in 2023[67] - Production volume of photovoltaic modules grew by 49.72% to 59,953.47 MW in 2023[67] - Inventory of photovoltaic modules surged by 113.01% to 9,073.91 MW in 2023[67] - Top five customers accounted for 20.48% of total sales, with the top customer contributing 7.11%[71] - Top five suppliers accounted for 27.74% of total procurement, with the top supplier contributing 8.55%[72] - Sales expenses increased by 31.43% to 1,380,055,285.54 yuan, mainly due to increased personnel costs, quality assurance deposits, travel expenses, and bidding costs[74] - Management expenses rose by 37.32% to 2,345,294,394.91 yuan, driven by higher personnel costs, share-based payments, start-up costs, and consulting audit fees[74] - R&D expenses grew by 13.44% to 1,142,079,441.86 yuan, primarily due to increased R&D personnel costs and material expenses[74] - The number of R&D personnel increased by 8.57% to 2,471, while the proportion of R&D personnel decreased by 2.06% to 4.92%[75] - R&D investment decreased by 3.52% to 4,445,889,371.64 yuan, accounting for 5.45% of revenue, down from 6.31% in 2022[76] - Net cash flow from operating activities surged by 51.72% to 12,414,145,385.75 yuan, driven by increased sales and collections[77] - Net cash flow from investing activities dropped by 146.20% to -17,793,483,177.69 yuan, mainly due to increased cash outflows for long-term asset purchases[77] - Net cash flow from financing activities increased by 507.98% to 5,960,352,904.17 yuan, attributed to the issuance of convertible bonds and reduced debt repayments[77] - Asset impairment losses amounted to -2,306,180,736.94 yuan, primarily due to inventory write-downs and fixed asset impairment[79] - Other income reached 733,371,268.20 yuan, mainly from government subsidies[79] - The company's monetary funds decreased by 1.82% to RMB 15,988,433,550.07 at the end of 2023, accounting for 15.00% of total assets[80] - Accounts receivable decreased by 2.92% to RMB 9,165,987,673.61, representing 8.60% of total assets[80] - Inventory decreased by 2.86% to RMB 14,471,851,729.28, accounting for 13.58% of total assets[81] - Fixed assets increased by 4.98% to RMB 36,865,874,794.59, representing 34.59% of total assets, mainly due to project construction investments[81] - Construction in progress increased by 5.47% to RMB 9,740,436,205.07, accounting for 9.14% of total assets, primarily due to increased project construction investments[81] - The company's total investment in the reporting period was RMB 31,281,090,982.03, a 197.52% increase compared to the same period last year[85] - The company invested RMB 2,345,000,000.00 in JA Solar Investment (China) Co., Ltd., holding a 100% stake[86] - The company invested RMB 2,345,000,000.00 in JA Solar Smart Distributed Energy Technology (Hainan) Co., Ltd., holding a 100% stake[86] - The company invested RMB 2,714,658,300.00 in JA Solar New Energy Vietnam Co., Ltd., holding a 100% stake[87] - The company invested a total of 19.89 billion yuan in photovoltaic projects during the reporting period, with cumulative actual investments reaching 21.23 billion yuan[89] - The Ningjin 5GW slicing and 6GW high-efficiency battery project has been put into production with an investment of 1.77 billion yuan[88] - The Hefei 11GW high-power module expansion project has been completed with an investment of 917 million yuan[88] - The Qujing 10GW high-efficiency battery and 5GW module project has been put into production with an investment of 3.40 billion yuan[88] - The Baotou Jingao (Phase III) 20GW crystal pulling and 20GW slicing project has been completed with an investment of 3.37 billion yuan[88] - The Yangzhou 10GW high-efficiency battery project has been put into production with an investment of 1.75 billion yuan[88] - The Shijiazhuang annual 10GW slicing and 10GW battery project has been completed with an investment of 3.66 billion yuan[89] - The Dongtai annual 10GW battery and 10GW module project has been put into production with an investment of 4.80 billion yuan[89] - The company's derivative investments for hedging purposes amounted to 1.26 billion yuan, accounting for 35.78% of the company's net assets at the end of the reporting period[91] - The company reported a fair value change income of 12.56 million yuan and a settlement loss of 55.10 million yuan from derivative investments[91] - Total funds raised in 2020 through non-public stock issuance: RMB 5,199,999,991.50[95] - Net funds raised in 2020 after deducting underwriting and other fees: RMB 5,158,236,660.00[95] - Total funds raised in 2021 through non-public stock issuance: RMB 4,999,

Financial Performance - Revenue for Q1 2024 was RMB 15.97 billion, a decrease of 22.02% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of RMB 482.83 million, a decrease of 118.70% year-over-year[4] - Operating income for the quarter was 15.97 billion yuan, a decrease of 22.01% compared to 20.48 billion yuan in the same period last year[17] - Net profit attributable to the parent company's owners was 1.66 billion yuan, a decrease of 2.83% from 1.71 billion yuan in the previous year[16] - Net profit attributable to parent company owners was -482.83 million yuan, compared to 2.58 billion yuan in the same period last year[18] - Total comprehensive income was -565.46 million yuan, compared to 2.65 billion yuan in the same period last year[19] - Basic earnings per share were -0.15 yuan, compared to 0.79 yuan in the same period last year[19] Cash Flow and Liquidity - Operating cash flow was negative RMB 3.54 billion, a decrease of 286.80% compared to the same period last year[4] - Cash flow from financing activities increased by 533.30% to RMB 7.88 billion, driven by increased borrowing[8] - Cash flow from operating activities was -3.54 billion yuan, compared to 1.90 billion yuan in the same period last year[20] - Cash flow from investing activities was -4.46 billion yuan, compared to -1.68 billion yuan in the same period last year[21] - Cash flow from financing activities was 7.88 billion yuan, compared to -1.82 billion yuan in the same period last year[21] - Cash and cash equivalents at the end of the period were 6.67 billion yuan, compared to 4.45 billion yuan in the same period last year[21] - Sales of goods and services received 13.61 billion yuan in cash, compared to 16.24 billion yuan in the same period last year[20] - Purchases of goods and services paid 16.82 billion yuan in cash, compared to 13.69 billion yuan in the same period last year[20] Borrowings and Financial Expenses - Short-term borrowings increased by 245.85% to RMB 3.38 billion due to increased borrowing[7] - Long-term borrowings surged by 407.80% to RMB 7.50 billion[7] - Financial expenses increased by 134.41% to RMB 144.52 million due to higher interest income, interest expenses, and exchange losses[7] - Short-term borrowings surged to 3.38 billion yuan from 978.59 million yuan, an increase of 245.83%[15] - Long-term borrowings increased to 7.50 billion yuan from 1.48 billion yuan, a growth of 407.68%[15] Assets and Liabilities - Total assets increased by 2.95% to RMB 109.74 billion compared to the end of the previous year[4] - The company's monetary funds at the end of the period were 15,006,288,540.37 yuan, a decrease from 15,988,433,550.07 yuan at the beginning of the period[14] - Accounts receivable increased to 9,367,269,138.19 yuan from 9,165,987,673.61 yuan at the beginning of the period[14] - Inventory increased to 16,279,307,460.54 yuan from 14,471,851,729.28 yuan at the beginning of the period[14] - Total current assets at the end of the period were 51,818,651,981.66 yuan, up from 49,132,039,748.74 yuan at the beginning of the period[14] - Fixed assets increased to 42,622,657,205.11 yuan from 36,865,874,794.59 yuan at the beginning of the period[14] - Total assets increased to 109.74 billion yuan from 106.59 billion yuan, a growth of 2.95%[15] - Total liabilities rose to 72.22 billion yuan from 68.59 billion yuan, an increase of 5.29%[15] - Contract liabilities rose to 5.02 billion yuan from 4.87 billion yuan, an increase of 3.10%[15] - Total equity attributable to the parent company's owners decreased to 34.76 billion yuan from 35.12 billion yuan, a reduction of 1.03%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 185,286[9] - The largest shareholder, Dongtai Jingtaifu Technology Co., Ltd., holds 47.45% of the shares, amounting to 1,570,307,572 shares[9] - The company repurchased 20,284,808 shares through the Shenzhen Stock Exchange, with a total transaction value of 400,000,211.47 yuan[13] - The company terminated the 2022 and 2023 equity incentive plans and completed the cancellation of stock options and restricted stock[13] Operational Metrics - The company's battery module shipments in Q1 2024 reached 16.059GW, with overseas shipments accounting for approximately 62% and distribution shipments accounting for 29%[12] - Operating costs decreased to 16.58 billion yuan from 17.78 billion yuan, a reduction of 6.75%[17] - R&D expenses for the quarter were 217.58 million yuan, down 21.79% from 278.17 million yuan in the previous year[17] - Asset impairment losses increased by 288.08% to RMB 257.89 million, mainly due to increased inventory write-downs[7] Miscellaneous - The company's first quarter report was unaudited[22]

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2024-032 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 关于"晶澳转债"预计触发转股价格修正条件的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 自 2024 年 4 月 11 日至 2024 年 4 月 24 日，晶澳太阳能科技股份有限公 司（以下简称"公司"）股票已有十个交易日收盘价低于"晶澳转债"当期转股 价格 38.78 元/股的 85%，若未来二十个交易日内有五个交易日公司股票收盘价 格继续低于当期转股价格的 85%，将可能触发"晶澳转债"的转股价格修正条件。 若触发转股价格修正条件，公司将按照《晶澳太阳能科技股份有限公司向不特定 对象发行可转换公司债券募集说明书》（以下简称《募集说明书》）的约定及时履 行审议程序和信息披露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 经中国证券监督管理委员会《关于同意晶澳太阳能科技股份有限公司向不特 定对象发行可 ...

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2024-030 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 晶澳太阳能科技股份有限公司 第六届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 晶澳太阳能科技股份有限公司（以下简称"公司"）第六届董事会第十九次 会议于 2024 年 4 月 10 日在公司会议室以现场表决和通讯表决的方式召开。 召开本次会议的通知已于 2024 年 4 月 7 日以电话、电子邮件等方式通知了 各位董事。本次会议由公司董事长靳保芳先生主持，会议应参加的董事 9 名，实 到董事 9 名，符合《中华人民共和国公司法》及《公司章程》的规定。经与会董 事认真审议，会议以记名投票表决方式通过如下议案： 一、审议通过《关于不向下修正"晶澳转债"转股价格的议案》 董事靳保芳、靳军辉、陶然为关联董事，已对本议案回避表决。 具体内容详见同日披露于巨潮资讯网（http://www.cninfo.com.cn）的《关于 不向下修正"晶澳转债"转股价格 ...

| 证券代码：002459 | 证券简称：晶澳科技 | 公告编号：2024-031 | | --- | --- | --- | | 债券代码：127089 | 债券简称：晶澳转债 | | 一、可转换公司债券基本情况 经中国证券监督管理委员会《关于同意晶澳太阳能科技股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1164 号）同意，公 司于 2023 年 7 月 18 日向不特定对象发行可转换公司债券 89,603,077 张，每张面 晶澳太阳能科技股份有限公司 关于不向下修正"晶澳转债"转股价格的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 自 2024 年 3 月 19 日至 2024 年 4 月 10 日，晶澳太阳能科技股份有限公 司（以下简称"公司"）股票已有十五个交易日收盘价低于"晶澳转债"当期转 股价格的 85%，已触发"晶澳转债"转股价格向下修正条款。 经公司第六届董事会第十九次会议审议通过，公司董事会决定本次不向 下修正"晶澳转债"转股价格。下一触发转股价格修正条款的期间从 2024 年 4 ...