Flat Glass Group Co., Ltd. 6865 (1) A (2) H 959 H H 119 121 122 124 H H H 24 H 183 54 H 1999 A ............................................................... 1 ......................................................... 3 2022 A ....................... 15 2022 A ............................... 73 ........................ 89 A ....................................... 104 2022-2024 ................ 113 A ............................................ 117 ................................. 119 H ............................. 122 –i– A A A A H H H H A H A H 0 . 25 6865) H H –1– 2022 A 600,000 A A 30% A H % –2– Flat Glass Group Co., Ltd. 6865 1999 6 11 6 (1) A (2) H I. A (i) A (ii) H –3– II. A 1. A A 2. 2022 A A 0.25 35 –4– 14A 20 A 80% 20 A = 20 A 20 A 20 A 80% A –5– A 1,696,893,254 A 30% 50,906.80 50,906.80 A 1,696,893,254 79.04% H 450,000,000 20.96% A – – 2,146,893,254 100% –6– A 1,696,893,254 63.89% H 450,000,000 16.94% A 509,067,976 19.17% 2,655,961,230 100.00% A 1,400,415,030 52.73% A A 6 A –7– 12 600,000 1 195 75 434,933.56 193,000.00 2 120 2 150 375,296.00 227,000.00 1 3 3 180,000.00 180,000.00 4 990,229.56 600,000.00 1. 2 150 –8– 2. A 2022 3. A 2023 4. A A 195 150 3. 2022 A 2022 A –9– 4. 2022 A 600,000 1 195 75 434,933.56 193,000.00 120 2 150 375,296.00 227,000.00 3 180,000.00 180,000.00 990,229.56 600,000.00 2 150 – 2022 A 5. [2007]500 – 10 – 6. A 600,000 [2013]110 [2015]31 7. (2022 – 2024 [2013]42 [2012]37 3 – [2022]3 (2022–2024 – 11 – 8. A A A A 9. A A (1) (2) – 12 – (3) (4) A III. H 959 H H 119 121 122 124 13.39(4) H H H H H H H H H 183 54 H H H – 13 – H H 24 H 183 54 H IV. A H – 14 – 2022 A 1 A 2 35 – 15 – 2022 A 3 600,000 1 195 75 434,933.56 193,000.00 120 2 150 375,296.00 227,000.00 3 180,000.00 180,000.00 990,229.56 600,000.00 150 – 16 – 2022 A 4 A – A 30% A A 30% 50,906.80 5 20 80% 20 = 20 20 6 – 17 – 2022 A 7 8 [2012]37 3 – [2022]3 9 [2013]110 [2014]17 [2015]31 10 12 – 18 – 2022 A ......................................................... 15 ........................................................... 15 ............................................................... 21 ................................ 24 ............................................ 24 ........................... 25 ......................... 29 ............................... 29 ............................. 33 .................. 33 ....................... 33 ................... 34 ................................. 34 ....................... 35 .................... 39 .................... 43 ..... 48 ................. 50 ................... 50 ............................................ 51 – 19 – 2022 A ............. 52 ............................. 52 ......................... 52 ............................... 52 ................................ 57 ...................................... 57 ........ 59 ................................. 60 A ................... 64 ...................................... 64 ............ 67 ........ 67 .......................................... 67 ........ 69 ...... 71 ............................................ 72 – 20 – 2022 A A 601865 H 06865 A 600,000 2022 A 80% (2022 -2024 – 21 – 2022 A 2020 2020 2019 2020 2021 2022 1-3 CZ FZ – 22 – 2022 A 380 780 W KW MW GW 1GW=1,000MW=1,000,000KW=1,000,000,000W – 23 – 2022 A Flat Glass Group Co., Ltd 1998 6 24 536,723,313.50 A A A 601865 H H H 06865 1999 1999 314001 0573-82793013 0573-82793015 http://www.flatgroup.com.cn flat@flatgroup.com.cn – 24 – 2022 A 1 2021 11 (Build Back Better Act) 5,550 2021 10 2030 36– 38% 2030 14–16% 2022 4 (EEG) 2030/2035 42% 80%/100% 2030 215GW 200GW 2026 22GW 2028 20GW) 2022 5 REPowerEU 2030 40% 45% 2025 320GW 2020 2030 600GW – 25 – 2022 A (CPIA) 2022 –2025 232 –286GW (IRENA) 2050 8,519GW, 2025 25% 2017 10 2 2021 54.88GW 13.86% 9 2021 305.99GW 20.94% 7 (CPIA) 2022–2025 83 –99GW 2022 2021 3,259 25.1% 3.9% 0.4 2050 (2019) 2050 6 39% – 26 – 2022 A 3 2020 12 2030 2060 2021 10 (1) 2025 20% (2) 2030 25% 12 kW (3) 2060 80% 4 – 27 – 2022 A 5–30% 2021 2021 37.4% 2023 1 Global Industry Analysts 2020 76 2027 447 28.8% – 28 – 2022 A 2 47.56 86.74 A 35 A 0.25 – 29 – 2022 A 35 20 80% 20 = 20 20 – 30 – 2022 A A A 30% 50,906.80 A 6 A 12 – 31 – 2022 A 600,000 1 195 75 434,933.56 193,000.00 120 2 150 375,296.00 227,000.00 3 180,000.00 180,000.00 990,229.56 600,000.00 150 – 32 – 2022 A 112,034.10 52.18% A 111,877.20 A 65.93% 50,906.80 42.18% A A 50.72% A – 33 – 2022 A 600,000 1 195 75 434,933.56 193,000.00 120 2 150 375,296.00 227,000.00 3 180,000.00 180,000.00 990,229.56 600,000.00 150 – 34 – 2022 A 195 195 75 120 434,933.56 5 1,200 1 195 434,933.56 434,933.56 195 5 1,200 18 6 2 434,933.56 121,202.33 249,858.85 18,553.06 45,319.32 193,000.00 – 35 – 2022 A 3 17.04% 18 6.56 492,809.30 57,813.68 4 75 (2020) 0002806 371,914.00 120 2021 12 31 341126 [2021]128 5 (1) 75 2019-341126-30- 03-029040 120 2020- 341126-30-03-017001. (2) 75 [2021]25 75 120 [2020]106 120 – 36 – 2022 A 150 375,296.00 150 4 1,200 3 1,200 253,104.16 227,000.00 1 1,200 122,191.84 1 150 253,104.16 253,104.16 150 3 1,200 18 6 2 253,104.16 72,639.57 154,717.25 11,367.84 14,379.51 227,000.00 – 37 – 2022 A 3 16.74% 18 6.62 295,685.58 34,588.03 4 2022 2 23 341126 [2021]134 5 (1) 2020-341126-30-03-020542. (2) [2021]5 150 180,000.00 – 38 – 2022 A 195 150 1 (IRENA) 2030 2,840GW Zion Market Research 2028 520 33.46% 2 – 39 – 2022 A 3 182mm 210mm 182mm 210mm 2022 75% – 40 – 2022 A 4 5 – 41 – 2022 A 6 2019 2020 2021 2022 480,680.40 626,041.78 871,322.81 350,890.08 56.89% 30.24% 39.18% 70.61%. – 42 – 2022 A 2020 2022 5 7 21 2030 12 2022 3 2022 3 2025 30% 2022 2022 3 12.2% – 43 – 2022 A 2022 3 2025 0.5 2022 2 2022 1 2035 2021 12 2025 (2021–2025 – 44 – 2022 A 2021 11 2021 9 2025 2020 13.5% 20% 2030 2005 65% 25% 2060 80% 2006 1 (GB/T30984.1-2015) (GB 30252-2013) – 45 – 2022 A 200 – – ISO9001 ISO14001 3C SPF – 46 – 2022 A – 47 – 2022 A 1 2 – 48 – 2022 A 3 A – 49 – 2022 A 195 150 112,034.10 52.18% A 111,877.20 A 65.93% 50,906.80 42.18% A A 50.72% – 50 – 2022 A – 51 – 2022 A 2021 12 31 41.19% 475,588.67 622,227.31 867,366.00 350,158.35 71,724.37 162,878.38 211,991.93 43,671.03 68,792.70 161,933.87 205,520.57 41,970.30 31.03% 42.17% 35.57% 21.33% – 52 – 2022 A 50% 2020 7 23 5 71.40% 12.80% 67.10% 17.10% 2017 6 90.5% 4.2 0.2 7007190) 136.21 2021 6 7 90.5% 4.2 1,500 70071900 2022 5 13 90.5% 4.2 1,500 70071900 2 192.82 302.65 – 53 – 2022 A 2022 5 13 EVA 2019 4 23 60,000 2021 3 18 380,000 – 54 – 2022 A 30.93% 28.89% 26.72% 15.24% 15-30% – 55 – 2022 A 115,760.27 146,962.71 115,955.95 228,348.97 12.33% 11.98% 5.77% 9.76% – 56 – 2022 A [2012]37 3 – [2022]3 1 2 3 4 5 20% (1) 80% (2) 40% – 57 – 2022 A (3) 20% 6 7 8 9 10 – 58 – 2022 A 50,162.80 148,864.89 33.70% 30% 2019 5,265.00 71,724.37 7.34% 2020 44,897.80 162,878.38 27.57% 2021 – 211,991.93 – 148,864.89 33.70% 2019 11 26 2019 2019 5,265.00 2020 10 9 2020 2020 12,704.90 2021 5 20 2020 2020 32,192.90 – 59 – 2022 A 2022 3 21 2021 2021 2021 3 – 2022–2024 – 60 – 2022 A 2022 – 2024 1 (1) (2) (3) – 61 – 2022 A 2 (1) (2) (3) (4) (1) 80% (2) 40% (3) 20% – 62 – 2022 A 20% 3 2 – 63 – 2022 A A [2013]110 [2015]31 2022 1 2 2022 11 3 4 600,000.00 – 64 – 2022 A 5 214,689.33 2021 2022 6 2021 A 2022 11 6 50,906.80 7 2021 2,119,919,326.43 2022 (1) 2021 10% (2) 2021 (3) 2021 10% 2022 8 – 65 – 2022 A 2021 2022 2022.12.31 2021.12.31 214,689.33 214,794.23 265,701.03 723,474.26 1,181,016.91 1,181,016.91 397,692.12 600,000.00 2022 2021 10% 211,991.93 233,191.13 233,191.13 1,181,016.91 1,482,437.70 2,082,437.70 0.99 1.09 1.07 0.99 1.06 1.04 (%) 19.57 17.47 16.84 2022 2021 211,991.93 211,991.93 211,991.93 1,181,016.91 1,461,238.50 2,061,238.50 0.99 0.99 0.97 0.99 0.97 0.95 (%) 19.57 16.01 15.43 2022 2021 10% 211,991.93 190,792.74 190,792.74 1,181,016.91 1,440,039.31 2,040,039.31 0.99 0.89 0.87 0.99 0.87 0.85 (%) 19.57 14.53 13.99 – 66 – 2022 A 195 150 1 195 150 – 67 – 2022 A 2 1 2 2006 2008 – SPF 200 – 68 – 2022 A 3 Sunpower 2 – 2022 – 69 – 2022 A 3 – [2022]3 2022–2024 – 70 – 2022 A 1 2 3 4 5 6 A 7 – 71 – 2022 A 1 2 A 3 – 72 – 2022 A A 600,000 1 195 75 434,933.56 193,000.00 120 2 150 375,296.00 227,000.00 3 180,000.00 180,000.00 990,229.56 600,000.00 150 – 73 – 2022 A 195 195 75 120 434,933.56 5 1,200 1 195 434,933.56 434,933.56 195 5 1,200 18 6 2 434,933.56 121,202.33 249,858.85 18,553.06 45,319.32 193,000.00 – 74 – 2022 A 3 17.04% 18 6.56 492,809.30 57,813.68 4 75 (2020) 0002806 371,914.00 120 2021 12 31 341126 [2021]128 5 (1) 75 2019-341126-30- 03-029040 120 2020- 341126-30-03-017001 (2) 75 [2021]25 75 120 [2020]106 120 – 75 – 2022 A 150 375,296.00 150 4 1,200 3 1,200 253,104.16 227,000.00 1 1,200 122,191.84 1 150 253,104.16 253,104.16 150 3 1,200 18 6 2 253,104.16 72,639.57 154,717.25 11,367.84 14,379.51 227,000.00 – 76 – 2022 A 3 16.74% 18 6.62 295,685.58 34,588.03 4 2022 2 23 341126 [2021]134 5 (1) 2020-341126-30-03-020542 (2) [2021]5 150 180,000.00 – 77 – 2022 A 195 150 1 (IRENA) 2030 2,840GW Zion Market Research 2028 520 33.46% 2 – 78 – 2022 A 3 182mm 210mm 182mm 210mm 2022 75% – 79 – 2022 A 4 5 – 80 – 2022 A 6 2019 2020 2021 2022 480,680.40 626,041.78 871,322.81 350,890.08 56.89% 30.24% 39.18% 70.61% – 81 – 2022 A 2020 2022 5 7 21 2030 12 2022 3 2022 3 2025 30% 2022 2022 3 12.2% – 82 – 2022 A 2022 3 2025 0.5 2022 2 2022 1 2035 2021 12 2025 2021–2025 – 83 – 2022 A 2021 11 2021 9 2025 2020 13.5% 20% 2030 2005 65% 25% 2060 80% 2006 1 GB/T30984.1-2015 GB 30252-2013 – 84 – 2022 A 200 – – ISO9001 ISO14001 3C SPF – 85 – 2022 A – 86 – 2022 A 1 2 – 87 – 2022 A 3 A A – 88 – [2007]500 A [2018]1959 A 150,000,000 2.00 300,000,000.00 45,615,049.00 254,384,951.00 28,584,905.66 1,715,094.34 29,528,301.89 1,771,698.11 2019 2 11 943,396.23 56,603.77 269,700,000.00 2019 2 11 (19) 00059 (388375753547) (8110801012801603829) (1204060029000019640) (359775769945) (1204060029000019764) 2022 3 31 A 90 255,917,471.78 32,625.64 1,499,895.14 2019 – 89 – A [2020]294 145,000 A 6 2020 6 2 1,450 100 1,450,000,000.00 8,578,301.90 1,441,421,698.10 A 5,636,792.46 338,207.54 7,523,584.91 451,415.09 2020 6 2 1,886,792.45 113,207.55 1,444,025,000.00 (20) 00225 (367577640767) (1204060029000024114) (384477642546) (1204060029000024238) (1313072129300256393) 2022 3 31 A 47,330.58 A 1,444,025,000.00 8,495,447.36 18,117,910.80 1,470,591,027.58 47,330.58 – 90 – A [2020]2648 450,000,000 A 2021 1 7 0.25 A 84,545,147 29.57 2,499,999,996.79 16,918,053.10 2,483,081,943.69 16,509,433.94 990,566.04 2,482,499,996.81 2021 1 7 (21) 00008 (400078999786) (1204060029000134455) (39747899669) (1204060029000134579) (33050163803509168168) (362378981198) (1204060029000134730) 2022 3 31 A 12,904,772.28 A 2,482,499,996.81 16,984,628.36 10,665,982.24 2,497,245,835.13 12,904,772.28 – 91 – 2022 3 31 A A 2022 3 31 A A 2022 3 31 A A 1 A 2019 4 26 90 254,384,951.00 (19) E00193 2019 – 92 – 2 A 2020 7 15 75 68,465,092.00 (20) E00370 2020 1 A 2019 2 22 254,384,951.00 12 12 1,499,895.14 2022 3 31 – 93 – 2 A 2020 6 24 13.5 12 12 18,117,910.80 2022 3 31 3 A 2021 1 19 A 15 12 12 2022 3 31 10,665,982.24 – 94 – 1 A A A 2 A A A 3 A A A 20% 20% 2022 3 31 20% 20% – 95 – 2021 12 31 2019 2020 2021 2019 2020 2021 A (1) 90 25,591.75 – – 25,591.75 – – A (1) 75 – 84,480.45 62,440.65 – 84,480.45 62,440.65 A (1) 75 103,499.01 103,499.01 (2) 4,200 33,440.04 33,440.04 (3) 75,000.00 75,000.00 25,591.75 84,480.45 274,379.70 25,591.75 84,480.45 274,379.70 – 96 – A 2022 3 31 A A 2022 3 31 A 47,330.58 2022 3 31 0.003% A 2022 3 31 A 12,904,772.28 2022 3 31 0.520% – 97 – A 25,438.50 25,591.75 2022 3 31 3 25,591.75 2022 3 31 1 90 90 25,438.50 25,438.50 25,591.75 25,438.50 25,438.50 25,591.75 153.25 1 2 1 3.26 149.99 2 90 2018 12 3 2022 3 31 25,591.75 2019 2 11 25,438.50 153.25 – 98 – A 144,142.17 147,059.10 2022 3 31 3 147,059.10 2022 3 31 1 75 75 144,142.17 144,142.17 147,059.10 144,142.17 144,142.17 147,059.10 2,916.93 1 2 1 2,916.93 8,495,447.36 18,117,910.80 2,603,301.90 2 75 2 2021 3 2020 84,480.45 2020 6 2 6,846.51 77,633.94 2021 62,440.65 2022 1–3 138.00 – 99 – A 248,308.19 249,724.58 2022 3 31 4 249,724.58 2022 3 31 1 75 75 140,000.00 140,000.00 141,284.55 140,000.00 140,000.00 141,284.55 1,284.55 2022 2 2 4,200 4,200 33,308.19 33,308.19 33,440.04 33,308.19 33,308.19 33,440.04 131.85 2022 3 3 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 – 248,308.19 248,308.19 249,724.59 248,308.19 248,308.19 249,724.59 1,416.40 1 1 1,416.40 16,984,628.36 10,665,982.24 581,946.88 2 75 2 2022 3 2022 3 31 4,200 4 2021 211,939.05 2022 1–3 37,785.53 – 100 – A 1 2022 2019 2020 2021 2 1 1 1 1 1 1 90 88% 191,037.15 165,004.90 197,098.37 191,079.08 57,252.30 610,434.65 1 1 90 223,513.46 191,037.15 70% 70% 2019 133,726.00 2019 165,004.90 2020 197,098.37 2021 191,079.08 2022 57,252.30 2022 4 47,759.29 2 – 101 – A 1 2022 2019 2020 2021 2 1 1 1 1 1 1 75 73% 181,381.98 114,938.45 63,157.15 178,095.60 1 1 75 2 2021 75 181,381.98 2021 114,938.45 2021 68,018.24 2022 63,157.15 2022 4 45,345.50 2 – 102 – A 1 2022 2019 2020 2021 2 1 1 1 1 1 1 75 69% 181,381.98 23,595.22 23,595.22 1 2 4,200 1 A 75 4,200 75 2 2022 4,200 75 75 181,381.98 2022 3 75 23,595.22 2022 12 15,115.17 2 – 103 – A 2022 A 600,000 [2013]110 [2015]31 2022 1 2 2022 11 3 4 600,000.00 – 104 – A 5 214,689.33 2021 2022 6 2021 A 2022 11 6 50,906.80 7 2021 2,119,919,326.43 2022 (1) 2021 10% (2) 2021 (3) 2021 10% 2022 8 2021 2022 2022.12.31 2021.12.31 214,689.33 214,794.23 265,701.03 723,474.26 1,181,016.91 1,181,016.91 397,692.12 600,000.00 – 105 – A 2021 2022 2022.12.31 2021.12.31 2022 2021 10% 211,991.93 233,191.13 233,191.13 1,181,016.91 1,482,437.70 2,082,437.70 0.99 1.09 1.07 0.99 1.06 1.04 (%) 19.57 17.47 16.84 2022 2021 211,991.93 211,991.93 211,991.93 1,181,016.91 1,461,238.50 2,061,238.50 0.99 0.99 0.97 0.99 0.97 0.95 (%) 19.57 16.01 15.43 2022 2021 10% 211,991.93 190,792.74 190,792.74 1,181,016.91 1,440,039.31 2,040,039.31 0.99 0.89 0.87 0.99 0.87 0.85 (%) 19.57 14.53 13.99 – 106 – A 195 150 1 195 150 – 107 – A 2 1 2 2006 2008 –– SPF 200 – 108 – A 3 2 – 2022 – 109 – A 3 – [2022]3 2022–2024 – 110 – A A 1 2 3 4 5 6 A 7 – 111 – A 1 2 A 3 – 112 – 2022-2024 3 – 2022–2024 – 113 – 2022-2024 2022 -2024 1 (1) (2) (3) 2 (1) (2) – 114 – 2022-2024 (3) (4) (1) 80% (2) 40% (3) 20% 20% – 115 – 2022-2024 3 2 – 116 – A A A A 1 2 3 4 5 – 117 – A 6 7 8 9 10 11 12 – 118 – Flat Glass Group Co., Ltd. 6865 959 1. A 2. 2022 A (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) – 119 – (ix) (x) 3. 2022 A 4. 2022 A 5. 6. A 7. 2022 – 2024 8. A – 120 – 1. H 183 54 H 1999 A A 2. 3. 4. 24 24 H H 183 54 5. 6. 7. 1999 – 121 – H Flat Glass Group Co., Ltd. 6865 H A 959 H 1. 2022 A (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) – 122 – H 2. 2022 A 3. A – 123 – H 1. H H H H H 183 54 2. H H 3. H H H 4. H H 24 H H 183 54 H H 5. H H H H 6. H 7. 8. 1999 – 124 –