Core Viewpoint - Anfu Technology announced that its 2025 semi-annual performance briefing will be held on September 11, 2025 [2] Company Summary - Anfu Technology is set to hold a performance briefing to discuss its financial results for the first half of 2025 [2]

Core Points - Anhui Anfu Battery Technology Co., Ltd. will hold a half-year performance briefing on September 11, 2025, to communicate with investors and gather feedback [1][2] - The meeting will take place online via "Value Online" from 11:00 to 12:00 [1][2] - Key participants include independent director Ms. Zuo Xiaohui and CFO Mr. Liu Jianbo [1][3] Meeting Details - Meeting Date: September 11, 2025 [2] - Meeting Time: 11:00-12:00 [2] - Meeting Location: Online at www.ir-online.cn [2] - Participation Method: Investors can join via a specific URL or by scanning a QR code [2] Investor Engagement - Investors can submit questions before the meeting through the provided URL [2] - The company will address common investor concerns within the limits of information disclosure during the meeting [4]

会议召开时间：2025 年 09 月 11 日（星期四）11:00-12:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 09 月 11 日 前 访 问 网 址 https://eseb.cn/1rd2URX0JKo 或使用微信扫描下方小程序码进行会前提问， 公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注 的问题进行回答。 举办安徽安孚电池科技股份有限公司 2025 年半年度业绩说明会，与投资者进行 沟通和交流，广泛听取投资者的意见和建议。 证券代码：603031 证券简称：安孚科技 公告编号：2025-070 安徽安孚电池科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会类型 安徽安孚电池科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了 ...

Group 1 - Anfu Technology announced the resignation of its Chief Financial Officer, Ye Lianwu, due to reaching the statutory retirement age, and he will not hold any other positions after resignation [1] - Liu Jianbo has been appointed as the new Chief Financial Officer, with his term lasting until the current board's term expires [1] - For the year 2024, Anfu Technology's revenue composition is as follows: battery manufacturing sales account for 89.24%, agency business accounts for 10.62%, and other businesses account for 0.14% [1] Group 2 - Other companies mentioned include Nongshang Environment, which saw the resignation of its Chief Financial Officer, Wang Xiaojun [2] - Wanbangde appointed Jin Zheng as its Chief Financial Officer [2] - *ST Baoshi appointed Li Li as its Chief Financial Officer [2]

Investment Rating - The report maintains a "Buy" rating for the food and beverage industry [2] Core Views - The pressure from mid-year reports has been released, and there is a focus on valuation recovery trends [5] - The food and beverage industry saw a 2.13% increase from August 25 to August 29, underperforming the CSI 300 index by 0.59 percentage points [4][9] - The liquor sector is experiencing concentrated profit pressure, with both performance and valuation reaching historical lows, but there are expectations for a recovery as the National Day peak season approaches [5] Summary by Sections Industry Performance - Over the past month, the food and beverage industry has shown relative returns of -3.8%, -17.7% over three months, and -20.4% over twelve months, while absolute returns were 5.0%, -0.5%, and 15.5% respectively [3] Market Trends - The report highlights that from August 25 to August 29, the food and beverage sector's performance ranked 7th out of 31 sectors, with snacks up 3.71%, baked goods up 0.77%, and seasoning and fermentation products up 0.29% [4][9] Investment Recommendations - The report suggests focusing on two main lines: stable demand leaders with strong risk resistance and companies actively innovating in new products, channels, and high-growth areas. Key companies to watch include New Dairy, Shanxi Fenjiu, Guizhou Moutai, Andeli, Yanjinpuzi, and Qingdao Beer [7][50]

Core Viewpoint - Anfu Technology (603031) reported a solid performance in its 2025 mid-year financial results, with revenue and net profit showing positive year-on-year growth, although some metrics like gross margin and earnings per share experienced slight declines [1][3]. Financial Performance - The total revenue for the first half of 2025 reached 2.428 billion yuan, a year-on-year increase of 4.98% - The net profit attributable to shareholders was 107 million yuan, up 14.38% from the previous year - In Q2 2025, total revenue was 1.05 billion yuan, reflecting a 3.92% increase year-on-year, while net profit for the quarter was 35.37 million yuan, up 24.34% [1]. - The gross margin was 48.28%, down 1.89% year-on-year, while the net margin improved to 19.13%, an increase of 1.91% [1]. - The company reported a significant increase in accounts receivable, which rose by 33.71% year-on-year [1]. Cash Flow and Debt Management - Cash flow per share increased by 31.04% to 2.19 yuan, while total cash and cash equivalents rose by 87.34% to 1.338 billion yuan [1]. - The company’s interest-bearing debt decreased by 14.06% to 1.729 billion yuan, indicating improved debt management [1]. Business Model and Historical Performance - The company's return on invested capital (ROIC) was 15.81%, indicating strong capital returns, although historical performance shows variability with a median ROIC of 7.81% since its IPO [3]. - The business model relies heavily on research and marketing, necessitating careful analysis of these drivers [3]. Restructuring and Future Plans - Anfu Technology is currently undergoing a significant asset restructuring, with plans to enhance its stake in Nanfu Battery from 26.09% to 42.92% post-restructuring [5]. - The restructuring plan includes measures to protect minority investors and reduce share dilution, with the fundraising target lowered from 4.2 billion yuan to 2.04 billion yuan [5]. Institutional Interest - The fund with the largest holding in Anfu Technology is the Fengchao Runhe Six-Month Holding Mixed A Fund, which recently increased its position [4].

Group 1 - The core viewpoint of the news is that Anfu Technology has seen a decrease in the number of shareholders while maintaining a higher average shareholding value compared to the industry average [1][2] - As of June 30, 2025, Anfu Technology had 10,782 shareholders, a decrease of 270 shareholders or 2.44% from March 31, 2025 [1][2] - The average shareholding value per shareholder for Anfu Technology is 579,400 yuan, which is higher than the industry average of 445,700 yuan [1][2] Group 2 - From March 31, 2025, to June 30, 2025, Anfu Technology's stock price increased by 3.73%, despite the reduction in the number of shareholders [1][2] - During the same period, the net outflow of funds from major investors was 84.1759 million yuan, while retail investors saw a net inflow of 33.3236 million yuan [2]

华泰联合证券有限责任公司 关于 安徽安孚电池科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易实施情况 之 本独立财务顾问核查意见系依据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司重大资产重组管理办法》《上市公司并购重组财务顾问业 务管理办法》《公开发行证券的公司信息披露内容与格式准则第 26 号——上市 公司重大资产重组》《上市公司监管指引第 9 号——上市公司筹划和实施重大资 产重组的监管要求》和《上海证券交易所上市公司重大资产重组审核规则》等 法律法规及文件的规定和要求，以及证券行业公认的业务标准、道德规范，经 审慎调查，本着诚实守信和勤勉尽责的态度，就本次交易认真履行尽职调查义 务，在审慎核查各方所提供的相关资料并充分了解本次交易行为的基础上出具 的，旨在就本次交易行为做出独立、客观和公正的评价，以供安孚科技股东及 有关各方参考。本独立财务顾问对本核查意见特作如下声明： 供方对所提供文件及资料的真实性、准确性和完整性负责，并保证该等信息不 存在虚假记载、误导性陈述或者重大遗漏。本独立财务顾问不承担由此引起的 任何风险责任； 行本次交易相关协议和声明或承诺的基础上出具 ...

Group 1 - The core viewpoint of the news is that Anhui Anfu Battery Technology Co., Ltd. is engaged in a transaction involving the issuance of shares and cash payment to acquire assets, along with raising supporting funds through a related party transaction [1][2][3] - The transaction includes the purchase of a 31.00% stake in Anfu Energy for a total consideration of 1,151.9871 million yuan, with 962.9503 million yuan paid in shares and 190.0368 million yuan in cash [7][8] - The company plans to raise up to 204.0368 million yuan from no more than 35 specific investors, which will be used to cover the cash payment for the transaction and intermediary fees [7][8] Group 2 - The transaction has received necessary approvals and authorizations, including consent from the China Securities Regulatory Commission [8][12] - As of the date of the legal opinion, the transfer of the targeted assets has been completed, with Anfu Energy's 31.00% stake being registered [9][10] - The company has fulfilled its information disclosure obligations regarding the transaction, and there are no significant discrepancies between the actual situation and previously disclosed information [10][11] Group 3 - There have been no changes in the board of directors, supervisors, or senior management personnel of the company since obtaining the registration approval from the China Securities Regulatory Commission [11][12] - The company has not experienced any non-operational occupation of funds or assets by actual controllers or related parties, nor has it provided guarantees for them [11][12] - All agreements related to the transaction have been executed, and the parties involved are fulfilling their commitments without any violations [11][12]

股票代码：603031 上市地点：上海证券交易所 股票简称：安孚科技 安徽安孚电池科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 实施情况暨新增股份上市公告书 独立财务顾问 二〇二五年八月 安徽安孚电池科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易实施情况报告书 特别提示 一、本次发行仅指本次交易中发行股份购买资产部分的股份发行，募集配 套资金部分的股份将另行发行。 二、本次新增股份的发行价格为 23.46 元/股，该发行价格已经本公司董事 会及股东大会批准。本次新增股份数量为 41,003,849 股（其中限售流通股数量 为 41,003,849 股）。 三、本次发行股份购买资产的新增股份已于 2025 年 8 月 26 日在中国证券 登记结算有限责任公司上海分公司办理完成了登记手续，并取得中国证券登记 结算有限责任公司上海分公司出具的《证券变更登记证明》。 四、本次发行完成后，上市公司股份分布仍满足《公司法》《证券法》及 《上市规则》等法律、法规规定的股票上市条件。 安徽安孚电池科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易实施情况报告书 上 ...