一、活动背景及亮点 2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 二、活动组织架构 时间： 7月10-11日 地址： 深圳宝安登喜路国际酒店2楼国际厅 活动名称： 2025第五届起点两轮车换电大会及轻型动力电池技术高峰论坛 活动主题： 换电之城 智慧两轮 举办时间： 2025年7月10-11日 活动地址： 深圳宝安登喜路国际酒店2楼国际厅 活动赞助 /演讲/合作单位： 雅迪科技集团/台铃集团/新日股份/菜鸟集团/嘟嘟换电/司马出行/河豚换电/派能科技/创明新能源/多氟多/博力威/睿恩新 能源/诺达智慧能源/时代瑞象/优旦科技/逸飞激光/盾创科技/博观科技/尚闻科技/威胜能源/兆科动力/中国钠电/比克电池/鹏辉能源/蓝京新能源/亿纬 锂能/星恒电源/先导智能 /小安科技 /鑫晟达/精锐精密 等 三、大会议程 | 7月10日 | 议题 | 参卢死不着宾 | | --- | --- | --- | | 14:00-15:00 | 会场签到 | | | 15:00-17:30 | 2025 第五届中国新能源企业家俱乐部理事会暨两轮车 起点研究/雅迪科技/新日股份/司马出行/河豚换电 ...

2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 时间： 7月10-11日 地址： 深圳宝安登喜路国际酒店2楼国际厅 一、活动背景及亮点 二、活动组织架构 活动名称： 2025第五届起点两轮车换电大会及轻型动力电池技术高峰论坛 活动主题： 换电之城 智慧两轮 雅迪科技集团 商用车事业部 销售总监 李朋 嘟嘟换电 总经理 廖志成 菜鸟集团 自动驾驶区域总经理 吴豫嬰 台铃集团 总裁助理 胡东文 优旦科技 产品与解决方案总监 王剑楠 盾创科技 CEO 刘新宇 小安科技 CEO 李超超 中兴派能 共享换电事业部总经理 张兆勇 | | 专场论坛②:新国标电自电池技术专场 | | | --- | --- | --- | | 13:30-15:30 | 大圆柱电池在两轮车细分领域的应用及发展前景 | 创明新能源 大圆柱电池产品总监 黄肠博士 | | | 电动两轮车及换电高安全动力电池解决方案 | 多氟多新能源 前瞻技术研究副院长 景绍芒 | | | 磷酸锰铁锂产业化研究 | 时代瑞象 总工程师 徐斌 | | | 智能装备助力大圆柱全极耳电池全面量产与创新拓展 | 逸飞激光 | | | 多极 ...

2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 时间： 7月10-11日 地址： 深圳宝安登喜路国际酒店2楼国际厅 一、活动背景及亮点 二、活动组织架构 活动赞助 /演讲/合作单位： 雅迪科技集团/台铃集团/新日股份/菜鸟集团/嘟嘟换电/司马出行/河豚换电/派能科技/创明新能源/多氟多/博力威/睿恩新 能源/诺达智慧能源/时代瑞象/优旦科技/逸飞激光/盾创科技/博观科技/尚闻科技/威胜能源/兆科动力/中国钠电/比克电池/鹏辉能源/蓝京新能源/亿纬 锂能/星恒电源/先导智能 /小安科技 /鑫晟达/精锐精密 等 三、大会议程 | 7 月 10 日 | 议题 参与企业/葺宾 | | --- | --- | | 14:00-15:00 | 会场签到 | | 15:00-17:30 | 2025 第五届中国新能源企业家俱乐部理事会暨两轮 ｜起点研究/雅迪科技/新日股份/司马出行/河豚换电 | 起点研究院（SPIR）权威发布《2025中国两轮车换电及电池TOP排行榜及行业白皮书》，第五届中国两轮车换电及电池行业鲁班奖颁奖典 礼，论坛现场颁发换电运营、锂电池、钠电池、换电柜、BMS等技术领 ...

【导读】港股收跌，有色板块逆市上涨 见习记者 储是 6月27日，截至收盘，恒生指数下跌0.17%，收于24284.15点；恒生科技指数下跌0.07%，收于5341.43点；恒生国企指数下跌0.47%，收于8762.47点。 盘面上，汽车、医药、银行等个股走弱，有色股走强。 小米集团走高 汽车股、银行股走低 截至6月27日收盘，小米集团-W上涨3.6%。汽车股普遍走低，小鹏汽车-W、蔚来-SW、比亚迪股份分别下跌3.17%、1.84%、1.19%。 | 比亚迪股份 | | -1.19% | 11203.25亿 | | --- | --- | --- | --- | | 理想汽车-W 「 | | -1.78% | 2367.82亿 | | 吉利汽车 | | 0.00% | 1611.44亿 | | 福耀玻璃 | www | -0.70% | 1602.58亿 | | 小鹏汽车-V | | -3.17% | 1368.66亿 | | 长城汽车 | | 0.66% | 1051.04亿 | | 零跑汽车 | | -0.53% | 746.70亿 | | 广汽集团 | | 0.35% | 686.30亿 | | 蔚来- ...

Core Viewpoint - The article highlights the growth and innovation in the electric two-wheeler battery swapping industry, emphasizing the importance of infrastructure development and technological advancements in enhancing user experience and operational efficiency [4][5]. Group 1: Company Overview - Shenzhen Wanwei IoT Technology Co., Ltd. was established in September 2016, focusing on building a battery swapping energy network to enhance urban safety, integrating software, hardware, and communication technology [4]. - The company has been deeply involved in the battery swapping industry for 8 years, holding over 60 patents, including 12 invention patents, and specializes in the refined operation of the two-wheeler battery swapping market [4]. - Wanwei has supplied over 60,000 core systems for battery swapping cabinets to China Tower and has over 2 million sets of battery operation and maintenance service experience, leading in hardware and operational capabilities [4]. Group 2: Market Development - In April 2020, the company launched the "Sima Energy" brand, creating the first self-service battery swapping platform for civilian two-wheelers in China, utilizing a "self-service + supporting" new infrastructure model [4]. - The platform aims to provide a "convenient battery swapping service station" in closed environments such as communities, parks, scenic areas, and campuses, achieving effects like "vehicle-battery separation," "one vehicle for multiple households," and "replacement for charging" [4]. - Currently, the platform is in a rapid growth phase, with over 3,000 service stations established across more than 30 cities in China [4]. Group 3: Industry Events - The 2025 China Two-Wheeler Battery Swapping and Battery Luban Award voting channel is open, with the 5th Starting Point Two-Wheeler Battery Swapping Conference and Lightweight Power Battery Technology Summit scheduled for July 10-11 in Shenzhen [5]. - Notable companies such as Yadea Technology Group, Tailin Group, and others are confirmed to present at the conference, discussing trends and applications in battery swapping and electric two-wheelers [5].

2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 时间： 7月10-11日 地址： 深圳宝安登喜路国际酒店2楼国际厅 一、活动背景及亮点 二、活动组织架构 活动地址： 深圳宝安登喜路国际酒店2楼国际厅 活动赞助 /演讲/合作单位： 雅迪科技集团/台铃集团/新日股份/菜鸟集团/嘟嘟换电/司马出行/河豚换电/派能科技/创明新能源/多氟多/博力威/睿恩新 能源/诺达智慧能源/时代瑞象/优旦科技/逸飞激光/盾创科技/博观科技/尚闻科技/威胜能源/兆科动力/中国钠电/比克电池/鹏辉能源/蓝京新能源/亿纬 锂能/星恒电源/先导智能 /小安科技 /鑫晟达/精锐精密 等 三、大会议程 | ７月 10日 | 议题 参与企业/营宾 | | --- | --- | | 14:00-15:00 | 会场签到 | | 15:00-17:30 | 2025 第五届中国新能源企业家俱乐部理事 起点研究/雅迪科技/新日股份/司马出行/河豚换电/蓝京新 | 起点研究院（SPIR）权威发布《2025中国两轮车换电及电池TOP排行榜及行业白皮书》，第五届中国两轮车换电及电池行业鲁班奖颁奖典 礼，论坛现场颁发换电运营 ...

Core Viewpoint - The company is expected to achieve significant growth in net profit for the first half of 2025, with a forecasted increase of over 55% year-on-year, driven by product optimization and favorable industry policies [1][2] Group 1: Company Performance - The company has maintained its position as the global leader in electric two-wheeled vehicles, with sales increasing from 4.06 million units in 2017 to 13.02 million units in 2024, marking a consistent growth over eight years [1] - The company has over 40,000 stores as of the end of 2024, indicating a strong retail presence [1] - In the first half of 2025, the company anticipates a net profit of no less than 1.6 billion yuan, reflecting a significant recovery from a decline in 2024 where revenue and net profit fell by 19% and 52% respectively [1] Group 2: Market Trends and Strategies - The domestic market is benefiting from a concentration of industry resources towards leading companies, with the "old-for-new" policy stimulating high growth, resulting in 6.5 million electric bicycles being replaced from January to May [2] - The new national standards set to be implemented on September 1 are expected to further consolidate market share among top enterprises, with the company positioned to benefit from these policy changes [2] - The company is actively pursuing international expansion, particularly in Southeast Asia, and has launched its first electric vehicle from its Mexican factory in May [2] Group 3: Financial Projections - The company has adjusted its gross margin assumptions upward due to product structure optimization, forecasting net profits of 2.986 billion yuan and 3.507 billion yuan for 2025 and 2026 respectively, which represent increases of 8.51% and 9.12% [2] - The estimated earnings per share (EPS) for 2025 and 2026 are projected to be 1.01 yuan and 1.18 yuan respectively, with a further forecast of 3.826 billion yuan and an EPS of 1.29 yuan for 2027 [2] - The target price for the company's stock has been raised to 19.61 HKD, based on a price-to-earnings (PE) ratio of 17.82 for 2025 [2]

Event Overview - The 2025 Fifth Start Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit will be held on July 10-11, 2025, in Shenzhen, focusing on the theme "Swap City, Smart Two-Wheelers" [1][2] - The event will feature over 300 key enterprises in the two-wheeled vehicle battery swap and battery sectors, with more than 600 high-level executives expected to attend [2][3] Key Highlights - The conference will include the release of the "2025 China Two-Wheeled Vehicle Battery Swap and Battery TOP Rankings and Industry White Paper," along with the presentation of the "Luban Awards" for leadership in battery swap operations, lithium batteries, sodium batteries, and related technologies [2] - The event aims to address the rapid growth of the two-wheeled vehicle battery swap market, driven by policy support, demand for instant delivery, and technological upgrades [2] Technical Discussions - The summit will feature in-depth discussions on cutting-edge technologies such as high-rate, ultra-fast charging, new materials, and new processes in the two-wheeled vehicle and battery swap industry [2] - Specialized forums will cover topics including the safety of electric two-wheeled vehicle batteries, the application of large cylindrical batteries, and the development trends of electric two-wheeled vehicles and battery technologies [5][6] Participating Companies - Notable sponsors and participants include Yadi Technology Group, Tailing Group, New Day Co., Cainaio Group, and various battery technology firms such as BAK Battery, Penghui Energy, and EVE Energy [1][2] - The event will also see participation from companies involved in battery management systems (BMS), sodium batteries, and IoT communication modules [6][7] Registration and Fees - Two registration packages are available: Package A for 2888 RMB per person, including one-day hotel accommodation and a copy of the industry white paper, and Package B for 2288 RMB, which includes lunch and a simplified version of the white paper [8][9]

2025第五届起点两轮车换电大会 及轻型动力电池技术高峰论坛 换电之城 智慧两轮 时间： 7月10-11日 地址： 深圳宝安登喜路国际酒店2楼国际厅 一、活动背景及亮点 二、活动组织架构 活动名称： 2025第五届起点两轮车换电大会及轻型动力电池技术高峰论坛 | | 专场论坛②: 新国标电自电池技术专场 | | | --- | --- | --- | | 13:30-15:30 | 大圆柱电池在两轮车细分领域的应用及发展前景 | 创明新能源 大圆柱电池产品总监 黄肠博士 | | | 电动两轮车及换电高安全动力电池解决方案 | 多氟多 | | | 磷酸锰铁锂产业化应用研究 | 时代瑞象 总工程师 徐斌 | | | 高性能圆柱电池技术与轻型动力应用 | 比克电池 车电电芯开发部负责人 滕晓波 | | 高性能轻型动力电池综合解决方案及应用 | 鹏辉能源 轻型动力电池业务中心 执行总经理 王杨 | | --- | --- | | 锰基材料在小动力场景的新应用 | 星恒电源 资深副总裁 CTO 王正伟 | | 圆桌讨论：电动自行车电池形态之争?圆柱/方形/软包 | | | 专场论坛③: 两轮车电摩及电池技术专场 | | ...

Investment Rating - The report maintains a "Buy" rating for the company [8] Core Views - The company is a leading player in the global electric two-wheeler market, with sales increasing from 4.06 million units in 2017 to 13.02 million units in 2024, maintaining the top position for eight consecutive years [2] - The company is expected to benefit from industry consolidation and favorable policies, including the new national standards and trade-in programs, which are anticipated to drive market share growth [4] - The company has optimized its product structure and marketing strategies, focusing on high-value products, which has led to a significant increase in sales and profitability in the first half of 2025 [3] Summary by Sections Company Overview - The company has over 40,000 stores and is expanding its battery and related components production to strengthen its competitive advantage [2] Financial Performance - The company forecasts a net profit of at least 1.6 billion RMB for the first half of 2025, representing a year-on-year increase of over 55% [3] - The revenue for 2025 is projected to be 37.79 billion RMB, with a significant recovery from a decline in 2024 [7] Market Outlook - The domestic market is expected to see high growth due to the trade-in policy, with 6.5 million electric bicycles traded in from January to May 2025 [4] - The company is actively pursuing international expansion, particularly in Southeast Asia, with new product launches and factory openings [4] Profitability and Valuation - The report raises the profit margin assumptions, predicting net profits of 2.99 billion RMB and 3.51 billion RMB for 2025 and 2026, respectively [5] - The target price is adjusted to 19.61 HKD, based on a price-to-earnings ratio of 17.82 for 2025 [5][9]