通威股份:通威股份有限公司2023年年度报告(英文版)

Stock Code: 600438 Short Name: Tongwei Co., Ltd
Tongwei Co., Ltd.
2023Annual Report

Important Notice
I. The board of directors, supervisory committee as well as directors, supervisors and senior
managers of the Company are responsible for the authenticity, accuracy and completeness of
the information contained in this Annual Report without false records, misleading statements
or material omissions, and assume joint and several liability therefor.
II. All directors of the Company have been present in the board meeting.
III. Sichuan Huaxin (Group) CPA (Special General Partnership) has expressed a standard
unqualified opinion on the financial statements of the Company.
IV. Liu Shuqi, Head of the Company, Zhou Bin, Head of accounting affairs and Gan Lu, Head of
accounting department represent that they are responsible for the authenticity, accuracy and
completeness of the financial statements in thisAnnual Report.
V. The proposal on profit distribution or the proposal on conversion of capital reserve to share
capital for current period resolved in the board meeting
The Company will distribute profits for the year 2023 based on its total share capital on the record
date.Acash dividend of 9.05 yuan per 10 shares (including tax) will be distributed to all shareholders.As
of December 31, 2023, the total share capital of the Company was 4,501,973,746 shares, based on which
the total cash dividend to be distributed is 4,074,286,240.13 yuan (including tax). If there is any change
in the total share capital before the record date, the dividend per share will remain unchanged and the total
dividend amount will be adjusted accordingly. The above profit distribution proposal will be submitted to
the Company’s general meeting for approval before execution.
VI. Cautionary note on forward-looking statement
"√Applicable "□ Not applicable"
The forward-looking statements of the Company regarding its future development strategies and
business plans do not constitute any substantial commitment of the Company to investors; and investors
should pay attention to risks.
VII. Any funds possessed by the controlling shareholderand otherrelated parties fornon-operating
purposes?
No.
VIII. Any outward guarantee by the Company in violation of the prescribed decision-making
procedures?
No.
IX. More than half of the directors cannot ensure the truthfulness, accuracy, and completeness of
the annual report disclosed by the Company?
No.
X. Notice on material risks
The Company had detailed possible risks in this Report. Please refer to VI “discussion and analysis
on the Company’s future development” in Section III Management Discussion and Analysis for more
information on possible risks and actions.
Others
"□Applicable" "√Not applicable"

Contents

Section I Definitions...... 4
Section II Company Profile and Major Financial Indicators...... 7
Section III Management Discussion andAnalysis...... 11
Section IV Company Governance...... 49
Section V Environmental and Social Responsibility...... 73
Section VI Important Matters...... 91
Section VII Share Changes and Shareholders ...... 114
Section VIII Preference Shares ...... 120
Section IX Bonds...... 121
Section X Financial Report ...... 127
Financial statements bearing the signatures and seals of the head of the Company, the
List of head of the accounting affairs, and the head of the accounting department.
documents to Original auditor's report bearing the seal of the accountant firm and the signatures of the
be checked CPAs.
Formal copies of all Company documents and the original announcements publicly
disclosed in websites designated by the CSRC.
*The 2023 Annual Report of Tongwei Co., Ltd. was published both in Chinese and English. Where any
discrepancy arises between the English and the Chinese content, the Chinese version shall prevail. The
English version here was only used for investors’reference.

Section I Definitions
I. Definitions
Unless otherwise indicated in the context, the following terms shall have the following meanings in this
Report:
Definitions of frequently used terms
Tongwei, Company, We, or refers to Tongwei Co., Ltd.
us
Tongwei Group refers to Tongwei Group Co., Ltd.
Yongxiang refers to Yongxiang Co., Ltd.
Yongxiang Polysilicon refers to Sichuan Yongxiang Polysilicon Co., Ltd.
Yongxiang New Energy refers to Sichuan Yongxiang New Energy Co., Ltd.
Inner Mongolia Tongwei refers to Inner Mongolia Tongwei High-purity Crystalline Silicon Company
Yunnan Tongwei refers to Yunnan Tongwei High-purity Crystalline Silicon Company
Tongwei New Energy refers to Tongwei New Energy Co., Ltd.
Hefei Solar refers to Tongwei Solar (Hefei) Co., Ltd