晶澳科技：2024年年度报告英文版（2024 Annual Report）

JASolarTechnologyCo.,Ltd. 2024AnnualReport April2025 2024AnnualReport SectionI.ImportantNotice,ContentsandDefinitions Theboardofdirectors,supervisorycommitteeaswellasdirectors,supervisorsandseniormanagersoftheCompanyareresponsiblefortheauthenticity,accuracyandcompletenessoftheinformationcontainedinthisAnnualReportwithoutfalserecords,misleadingstatementsormaterialomissions,andassumejointandseveralliabilitytherefor. JinBaofang,headoftheCompany,LiShaohui,headofaccountingaffairsandSunPeng,headofaccountingdepartmentrepresentthattheyareresponsiblefortheauthenticity,accuracyandcompletenessofthefinancialstatementsinthisAnnualReport.AlldirectorswerepresentintheboardmeetingthatreviewedthisReport. Theforward-lookingstatements,futureplans,andbusinessobjectivesmentionedinthisReportdonotconstituteasubstantivecommitmentbytheCompanytoinvestors.Investorsandrelevantpersonsarerequiredtomaintainsufficientriskawarenessandunderstandthedifferencesbetweenplans,forecasts,andcommitments.Investorsneedtoknowtherearerisksininvestments. PleaserefertoXIOutlookforFutureDevelopmentinSectionIIIManagementDiscussionandAnalysisfordetailsonthepotentialrisksinherentintheCompany’soperations. TheCompanyhasdecidednottodistributecashdividends,issuebonusshares,orconvertitscapitalreserveintosharecapital. *The2024AnnualReportofJASolarTechnologyCo.,Ltd.waspublishedbothinChineseandEnglish.WhereanydiscrepancyarisesbetweentheEnglishandtheChinesecontent,theChineseversionshallprevail.TheEnglishversionherewasonlyusedforinvestors’reference. TableofContents SectionI.ImportantNotice,ContentsandDefinitions2 SectionII.CompanyProfileandMajorFinancialIndicators6 SectionIII.ManagementDiscussionandAnalysis11 SectionIV.CompanyGovernance49 SectionV.EnvironmentalandSocialResponsibility70 SectionVI.ImportantMatters82 SectionVII.ChangesinSharesandShareholders130 SectionVIII.PreferenceShares139 SectionIX.Bonds140 SectionX.FinancialStatements140 Listofdocumentstobechecked I.FinancialstatementsbearingthesignaturesandsealsoftheheadoftheCompany,theheadoftheaccountingaffairs,andtheheadoftheaccountingdepartment； II.Originalauditor’sreportbearingthesealoftheaccountingfirmandthesignaturesoftheCPAs; III.FormalcopiesofallCompanydocumentsandtheoriginalannouncementspubliclydisclosedinthemediadesignatedbyCSRC;and IV.TheoriginalfulltextandsummaryoftheCompany’s2024AnnualReportbearingthesignatureoftheCompany’slegal representative. TheabovedocumentsarelodgedintheCompany’sSecuritiesAffairsDepartmentlocatedinNo.8Building,NuodeCenter, No.1Courtyard,EastAutoMuseumRoad,FengtaiDistrict,Beijing. Definitions Term Description CompanyandJASolar Referto JASolarTechnologyCo.,Ltd. ArticlesofAssociation Refersto TheArticlesofAssociationofJASolarTechnologyCo.,Ltd. CompanyLaw Refersto TheCompanyLawofthePeople’sRepublicofChina SecuritiesLaw Refersto SecuritiesLawofthePeople’sRepublicofChina CSRC Refersto ChinaSecuritiesRegulatoryCommission Yuan,10,000yuan,100myuan Refersto RMB1yuan,RMB10,000yuan,RMB100millionyuan JASolarHoldings Refersto JASolarHoldingsCo.,Ltd. Jingtaifu Refersto DongtaiJingtaifuTechnologyCo.,Ltd. Ground-mountedpowerplantorcentralizedpowerplant Refersto Apowerplantthatinvolvesconvertingsolarenergythroughlarge-scalesolarpanelarraysdirectlyintoDCelectricitywhichisthentransmittedtothegridviaACdistributioncabinets,step-uptransformers,andhigh-voltageswitchingdevices,allowingthephotovoltaicpowertobedeliveredtothegridwhichcentrallyallocatesanddistributestheelectricitytousers. Distributedpowerplant Refersto Asolarpowerprojectlocatednearusers,wherethegeneratedelectricityisutilizedon-site,andconnectstothegridatvoltagelevelslowerthanorequalto35kilovolts,andindividualgrid-connectedpointshaveatotalinstalledcapacityofnomorethan6megawatts. Installedcapacity Refersto Electricitygenerationpowerofthephotovoltaicpowergenerationsystemconsistingoflarge-areasolarpanelsandcomponentssuchaspowercontrollers.Thesesolarpanelsareresultedfromsolarcellsconnectedinseries,encapsulatedandprotected. Crystallinesilicon Refersto Crystallinesiliconmaterialsincludingpolysilicon,monocrystallinesiliconandothers. Monocrystallinesilicon Refersto Themonocrystallineformofsiliconwherethecrystallatticeoftheentiresolidiscontinuous. Polysilicon Refersto Amaterialconsistingofanumberofmonocrystallinesiliconcrystalliteswithdifferentcrystalorientations. Siliconrod Refersto Anrodshapedintermediateproductproducedbymeltingcrystallinesiliconmaterialinahigh-temperaturefurnacefilledwithspecialgasesandthenprocessedordrawn. Siliconwafers Refersto Thinslicesofmonocrystallinesiliconorpolysiliconrods. Cells,solarcells,PVcells,andphotovoltaiccells Refersto Semiconductordevicesthatconvertsunlightdirectlyintoelectricitybyusingthephotovoltaiceffect. Monocrystallinesolarcells Refersto Solarcellsdevelopedbasedonhigh-qualitymonocrystallinesiliconmaterialandprocessingtechniques,typicallyemployingsurfacetexturing,emitterpassivation,andlocalizeddopingtechnologies. W,KW,MW,GW,andTW Refersto TheunitofpowerusedformeasuringtheelectricitygenerationcapacityofaPVpowe