目 录 | 关于存货减值……………………………………………………第 一、 | 1—6 | 页 | | --- | --- | --- | | 二、关于固定资产、在建工程资产减值………………………… | 第 6—14 | 页 | | 三、关于会计处理…………………………………………………第 | 15—15 | 页 | 监管工作函专项说明 天健函〔2026〕79 号 上海证券交易所： 由宁波博威合金材料股份有限公司（以下简称博威合金公司或公司）转来的 《关于宁波博威合金材料股份有限公司业绩预告有关事项的监管工作函》（上证 公函【2026】0217 号，以下简称监管工作函）奉悉。我们已对监管工作中需要 我们说明的财务事项进行了审慎核查，由于公司 2025 年度财务报表审计工作正 在进行中，最终核查意见以年度审计报告意见为准，现汇报说明如下。 一、关于存货减值 根据披露，公司计提存货跌价准备主要原因是，2025 年美国对越南博威尔 特出口至美国的光伏产品征收 307.78%高额反倾销反补贴关税，越南电池片项目 试产后无法向美国市场销售；同时 2025 年 7 月美国出台相关方案，根据法案规 定，公司在美国的全资子公司 ...

博威合金公告称，针对上海证券交易所业绩预告监管工作函，公司表示，美国政策影响下，其已采取多 项应对措施，包括在美国建厂、为越南项目开发新市场、推进搬迁及出售美国子公司股权等。在信息披 露上，公司在定期报告中对相关风险及项目进展做了准确披露，2025年新能源业务前三季经营良好，未 达披露标准，不存在披露不及时情形。后续，对于越南产线将处理减值资产，推动美国项目股权出让， 还会围绕新材料业务提升业绩。 ...

证券日报网讯2月2日，博威合金（601137）在互动平台回答投资者提问时表示，截至2026年1月30日， 公司股东户数为60407户。 ...

（文章来源：证券日报） 证券日报网讯 2月2日，博威合金在互动平台回答投资者提问时表示，项目谈判期间，对于相关的交易 内容，为了不损害广大投资者和公司的利益，不便公布。 ...

董秘回答(博威合金SH601137)： 您好，《大而美法案》规定，自2026年1月1日起公司拥有的新能源企业持股比例不能超过25%，否则无 法享受行业同等补贴，但未规定出售协议的具体时间限制。感谢您的关注和支持！ 查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 来源：问董秘 投资者提问： 大而美法案要求在2月4日前完成出售协议，请问公司是否了解这个时间节点？ ...

Investment Rating - The report indicates a significant downgrade in the investment outlook for the company, with a projected net profit drop of 88.92% to 92.61% for 2025 compared to 2024 [2]. Core Insights - The company's photovoltaic business has been severely impacted by new U.S. tariffs, leading to a drastic reduction in profit expectations [4][10]. - The company has decided to exit the renewable energy sector and refocus on its core materials business, which has shown consistent growth [12][14]. - The new materials segment, particularly high-performance copper-based alloys, is positioned to benefit from emerging technology trends, despite the challenges faced in the photovoltaic market [18][20]. Summary by Sections Financial Performance - The company expects a net profit of only 100 to 150 million yuan for 2025, a stark decline from 1.354 billion yuan in 2024 [2]. - A total asset impairment provision of 1.025 billion yuan has been made, significantly affecting the company's profitability [9][10]. Market Challenges - U.S. tariffs of up to 307.78% on photovoltaic products exported from Vietnam have blocked the company's access to the U.S. market [4]. - The new U.S. legislation requires companies controlled by Chinese citizens to reduce their ownership stake to below 25% to qualify for federal subsidies, which the company does not meet [6][7]. Strategic Shift - The company plans to divest its U.S. photovoltaic projects and concentrate on its new materials business, which accounted for 74.62% of revenue in 2024 [14][16]. - The new materials business has shown a compound annual growth rate of nearly 20% from 2019 to 2024, with revenue expected to reach 139.2 billion yuan in 2024 [20][21]. Future Outlook - The global demand for advanced materials is expected to rise due to trends in AI, electric vehicles, and next-generation technologies, which the company aims to capitalize on [22][23]. - The company is already investing in new production lines for liquid cooling materials and collaborating with industry leaders to develop next-generation conductive materials [22].

Core Viewpoint - The article discusses the significant impact of U.S. policies on the photovoltaic (PV) business of Bowei Alloy, leading to a drastic decline in profits and a strategic shift away from the solar sector towards new materials [4][10]. Group 1: Financial Impact - Bowei Alloy's projected net profit for 2025 is expected to plummet to between 100 million to 150 million yuan, a staggering decline of 88.92% to 92.61% compared to 1.354 billion yuan in 2024 [5]. - The company has to account for a total asset impairment provision of 1.0252 billion yuan, which includes credit impairment losses, inventory write-downs, and fixed asset impairments [9]. Group 2: U.S. Policy Changes - In mid-2025, the U.S. Department of Commerce imposed a 307.78% anti-dumping and countervailing duty on PV products exported from Vietnam, directly affecting Bowei Alloy's 3GW battery project aimed at the U.S. market [6]. - The introduction of the "Inflation Reduction Act" in July 2025 requires Chinese-controlled companies to reduce their ownership stake below 25% to qualify for federal subsidies, which Bowei Alloy does not meet [8]. Group 3: Strategic Shift - In response to the unfavorable U.S. policies, Bowei Alloy has decided to divest its U.S. solar projects and exit the renewable energy sector entirely, refocusing on its core new materials business [12][13]. - The new materials segment, which accounted for 74.62% of revenue in 2024, is expected to be the primary growth driver moving forward, despite the higher profit margins previously associated with solar products [16]. Group 4: Market Position and Future Prospects - Bowei Alloy specializes in high-performance copper-based alloys, with applications in high-growth sectors such as electric vehicles, semiconductors, and 5G communications [18]. - The company has shown consistent revenue growth, with a compound annual growth rate of nearly 20% from 2019 to 2024, indicating a solid foundation for future expansion in the new materials market [16][18].

每经AI快讯，有投资者在投资者互动平台提问：请问公司在钙钛矿方面是仅仅关注行业动态还是有持 续研发？为何从未公布研究进展，是未取得任何突破吗？ 博威合金（601137.SH）1月29日在投资者互动平台表示，公司的新能源业务的研发团队持续在研发包括 HJT、钙钛矿技术在内的新产品新技术，目前尚无实质性突破，具体进展敬请关注公司公告。 （文章来源：每日经济新闻） ...

博威合金（601137.SH）1月29日在投资者互动平台表示，公司的新能源业务的研发团队持续在研发包括 HJT、钙钛矿技术在内的新产品新技术，目前公司尚无太空光伏技术储备。 每经AI快讯，有投资者在投资者互动平台提问：公司是否具有钙钛矿光伏技术？ （文章来源：每日经济新闻） ...

格隆汇1月29日丨博威合金(601137.SH)在互动平台表示，公司的新能源业务的研发团队持续在研发包括 HJT、钙钛矿技术在内的新产品新技术，目前公司尚无太空光伏技术储备。 ...