阳光电源2024年年度报告（英文简版）

Sungrow Power Supply Co., Ltd. 2024 Annual Report (Full Copy) 2 Sungrow Power Supply Co., Ltd. 2024 Annual Report April 2025 Sungrow Power Supply Co., Ltd. 2024 Annual Report (Full Copy) 3 2024 Annual Report Section I Important Notes, Contents and Definitions The Board of Directors, the Board of Supervisors, directors, supervisors and executives of the Company hereby guarantee that the information presented in this annual report is truthful, accurate and integrate, free of any false records, misleading statements or material omissions, and assume individual and joint legal liabilities thereof. Cao Renxian as the President of the Company, Tian Shuai as the Chief Accountant, and Li Pan as the head of accounting department (accounting supervisor) hereby guarantee the truthfulness, integrity, and accuracy of financial statements in this annual report. All directors have attended the board meeting to review this report. Contents in this report concerning future plans, performance forecasts, and etc., do not constitute any commitment made by the Company to any investor or related party. Investors and related parties should maintain adequate risk awareness and understand the possible difference between plans, forecasts, and commitments. The risks that may exist in the operation of the Company and the countermeasures in the "XI. Prospects for the Future Development of the Company" section of the "Management Discussion and Analysis" in Section III of this report, which investors are kindly advised to pay attention to investment risks. The board meeting has reviewed and approved the following profit distribution proposal: Based on the share capital of 2,047,096,561 shares after excluding the repurchased shares in the repurchased shares special securities account, a cash dividend of CNY10.80 per 10 shares (tax inclusive) will be distributed to all shareholders, with the total amount of cash distributed amounting to CNY2,210,864,285.88 (tax inclusive) .2024 The Company will not implement the transfer of share capital to capital reserve and will not distribute bonus shares. In 2024, no share capital increase by capital reserve or bonus share distribution will be implemented by the company. The profit distribution proposal still needs to be submitted to the shareholders' meeting of the Company for review. Sungrow Power Supply Co., Ltd. 2024 Annual Report (Full Copy) 4 Contents Section I Important Notes, Contents and Definitions................................................................................... 3 Section II Company profile and key financial indicators ............................................................................ 7 Section III Management’s Discussion and Analysis ................................................................................. 11 Section IV Corporate governance ................................................................................................................ 57 Section V Environment