通威股份：通威股份有限公司2023年年度报告（英文版）

2023AnnualReport StockCode:600438ShortName:TongweiCo.,Ltd TongweiCo.,Ltd. 2023AnnualReport 1/293 ImportantNotice I.Theboardofdirectors,supervisorycommitteeaswellasdirectors,supervisorsandseniormanagersoftheCompanyareresponsiblefortheauthenticity,accuracyandcompletenessoftheinformationcontainedinthisAnnualReportwithoutfalserecords,misleadingstatementsormaterialomissions,andassumejointandseveralliabilitytherefor. II.AlldirectorsoftheCompanyhavebeenpresentintheboardmeeting. III.SichuanHuaxin(Group)CPA(SpecialGeneralPartnership)hasexpressedastandardunqualifiedopiniononthefinancialstatementsoftheCompany. IV.LiuShuqi,HeadoftheCompany,ZhouBin,HeadofaccountingaffairsandGanLu,Headofaccountingdepartmentrepresentthattheyareresponsiblefortheauthenticity,accuracyandcompletenessofthefinancialstatementsinthisAnnualReport. V.Theproposalonprofitdistributionortheproposalonconversionofcapitalreservetosharecapitalforcurrentperiodresolvedintheboardmeeting TheCompanywilldistributeprofitsfortheyear2023basedonitstotalsharecapitalontherecorddate.Acashdividendof9.05yuanper10shares(includingtax)willbedistributedtoallshareholders.AsofDecember31,2023,thetotalsharecapitaloftheCompanywas4,501,973,746shares,basedonwhichthetotalcashdividendtobedistributedis4,074,286,240.13yuan(includingtax).Ifthereisanychangeinthetotalsharecapitalbeforetherecorddate,thedividendpersharewillremainunchangedandthetotaldividendamountwillbeadjustedaccordingly.TheaboveprofitdistributionproposalwillbesubmittedtotheCompany’sgeneralmeetingforapprovalbeforeexecution. VI.Cautionarynoteonforward-lookingstatement "√Applicable"□Notapplicable" Theforward-lookingstatementsoftheCompanyregardingitsfuturedevelopmentstrategiesandbusinessplansdonotconstituteanysubstantialcommitmentoftheCompanytoinvestors;andinvestorsshouldpayattentiontorisks. VII.Anyfundspossessedbythecontrollingshareholderandotherrelatedpartiesfornon-operatingpurposes? No. VIII.AnyoutwardguaranteebytheCompanyinviolationoftheprescribeddecision-makingprocedures? No. IX.Morethanhalfofthedirectorscannotensurethetruthfulness,accuracy,andcompletenessoftheannualreportdisclosedbytheCompany? No. X.Noticeonmaterialrisks TheCompanyhaddetailedpossiblerisksinthisReport.PleaserefertoVI“discussionandanalysisontheCompany’sfuturedevelopment”inSectionIIIManagementDiscussionandAnalysisformoreinformationonpossiblerisksandactions. Others "□Applicable""√Notapplicable" Contents SectionIDefinitions4 SectionIICompanyProfileandMajorFinancialIndicators7 SectionIIIManagementDiscussionandAnalysis11 SectionIVCompanyGovernance49 SectionVEnvironmentalandSocialResponsibility73 SectionVIImportantMatters91 SectionVIIShareChangesandShareholders114 SectionVIIIPreferenceShares120 SectionIXBonds121 SectionXFinancialReport127 Listofdocumentstobechecked FinancialstatementsbearingthesignaturesandsealsoftheheadoftheCompany,theheadoftheaccountingaffairs,andtheheadoftheaccountingdepartment.Originalauditor'sreportbearingthesealoftheaccountantfirmandthesignaturesoftheCPAs.FormalcopiesofallCompanydocumentsandtheoriginalannouncementspubliclydisclosedinwebsitesdesignatedbytheCSRC. *The2023AnnualReportofTongweiCo.,Ltd.waspublishedbothinChineseandEnglish.WhereanydiscrepancyarisesbetweentheEnglishandtheChinesecontent,theChineseversionshallprevail.TheEnglishversionherewasonlyusedforinvestors’reference. I.Definitions SectionIDefinitions Unlessotherwiseindicatedinthecontext,thefollowingtermsshallhavethefollowingmeaningsinthisReport: DefinitionsoffrequentlyusedtermsTongwei,Company,We,orus refersto TongweiCo.,Ltd. TongweiGroup refersto TongweiGroupCo.,Ltd. Yongxiang refersto YongxiangCo.,Ltd. YongxiangPolysilicon refersto SichuanYongxiangPolysiliconCo.,Ltd. YongxiangNewEnergy refersto SichuanYongxiangNewEnergyCo.,Ltd. InnerMongoliaTongwei refersto InnerMongoliaTongweiHigh-purityCrystallineSiliconCompany YunnanTongwei refersto YunnanTongweiHigh-purityCrystallineSiliconCompany TongweiNewEnergy refersto TongweiNewEnergyCo.,Ltd. HefeiSolar refersto TongweiSolar(Hefei)Co.,Ltd. AnhuiSolar refersto TongweiSolar(Anhui)Co.,Ltd. ChengduSolar refersto TongweiSolar(Chengdu)Co.,Ltd. MeishanSolar refersto TongweiSolar(Meishan)Co.,Ltd. TongyuProperty refersto ChengduTongyuPropertyManagementCo.,Ltd. TongweiMedia refersto ChengduTongweiCultureMediaCo.,Ltd. PhaseI16GWHigh-efficiencyCellProjectofPengshanSolar refersto ProjectofTongweiGlobalInnovationBasewithanannualcapacityof16GWhigh-efficiencysolarcells(PengshanPhaseI) Shuangliu25GWTNCProject refersto PhaseV25GWHigh-efficiencySolarCellProjectinChengdu Meishan16GWTNCProject refersto Theprojectwithanannualcapacityof16GWhigh-efficiencysolarcells(MeishanPhaseIV) 120,000-tonHigh-purityPolysiliconProjectofYongxiangEnergyTechnology refersto PhaseI120,000-tonHigh-puritypolysiliconprojectofSichuanYongxiangEnergyTechnologyCo.,Ltd. 200,000-tonHigh-purityPolysiliconProjectinYunnan refersto PhaseII200,000-tonhigh-puritypolysiliconprojectofYunnanTongwei 200,000-tonHigh-purityPolysiliconProjectinInnerMongolia refersto PhaseI200,000-tonhigh-