Summary of Key Points Core Viewpoint - Anfu Technology (603031.SH) announced a cash dividend distribution plan for the first three quarters of 2025, with a total cash dividend of 30,938,975.16 yuan, equating to 0.12 yuan per share (including tax) based on a total share capital of 257,824,793 shares before the implementation of the plan [1]. Group 1 - The cash dividend distribution is based on a total share capital of 257,824,793 shares [1]. - The total cash dividend to be distributed amounts to 30,938,975.16 yuan [1]. - The record date for the dividend distribution is set for February 5, 2026, with the ex-dividend date on February 6, 2026 [1].

证券代码：603031 证券简称：安孚科技 公告编号：2026-010 安徽安孚电池科技股份有限公司 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： 每股分配比例 A 股每股现金红利0.12元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/2/5 | － | 2026/2/6 | 2026/2/6 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2026 年 1 月 22 日的2026年第一次临时股东会审议通过。 2025年前三季度权益分派实施公告 四、 分配实施办法 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本257,824,793股为基数，每股派发现金红利0.12 ...

Group 1 - Anfu Technology's stock increased by 5.21% to 51.45 CNY per share, with a trading volume of 172 million CNY and a turnover rate of 1.64%, resulting in a total market capitalization of 13.265 billion CNY [1] - Anfu Technology, established on May 7, 1999, and listed on August 22, 2016, specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries [1] - The company's main business revenue composition includes alkaline batteries (83.08%), carbon batteries (7.88%), other batteries (4.51%), other products (4.35%), and additional (0.18%) [1] Group 2 - Silver Hua Fund has a significant holding in Anfu Technology, with the Silver Multi-Dynamic Flexible Allocation Mixed Fund (005251) holding 127,700 shares, accounting for 3.88% of the fund's net value, ranking as the seventh largest holding [2] - The Silver Multi-Dynamic Flexible Allocation Mixed Fund (005251) has a total scale of 146 million CNY and has achieved a year-to-date return of 14.56%, ranking 744 out of 8,872 in its category [2] - The fund has a one-year return of 84.66%, ranking 414 out of 8,126, and a cumulative return since inception of 205.08% [2] Group 3 - The fund manager of Silver Multi-Dynamic Flexible Allocation Mixed Fund (005251) is Wang Zhiwei, who has been in the position for 9 years and 191 days, managing assets totaling 773 million CNY [3] - During Wang Zhiwei's tenure, the best fund return was 56.27%, while the worst return was -5.27% [3]

Group 1 - The company has pledged 2.21% of its wholly-owned subsidiary, Anhui Anfu Energy Technology Co., Ltd., to Ping An Bank Co., Ltd. Hefei Branch as collateral for a merger loan [2][3] - The pledged equity amounts to 65.57674881 million yuan, which is part of the payment for acquiring minority stakes in Anhui Anfu Energy [3] - The company maintains a good operating status and debt repayment capability, ensuring that the pledge will not adversely affect its normal operations or harm the interests of shareholders [4] Group 2 - The pledge was officially registered on January 28, 2026, indicating the completion of the necessary legal processes [2] - The collateral covers a credit line of 5.3 million yuan, including interest, penalties, and other related costs as stipulated in the pledge agreement [3] - The transaction aligns with the company's overall financing strategy and long-term development plan [4]

证券代码：603031 股票简称：安孚科技 编号：2026-009 近日，安徽安孚电池科技股份有限公司（以下简称"公司"）将持有的全资 子公司安徽安孚能源科技有限公司（以下简称"安孚能源"）2.21%的股权质押给 平安银行股份有限公司合肥分行（以下简称"平安合肥分行"），为公司在平安合 肥分行申请的并购贷款（用于前期收购宁波正通博源股权投资合伙企业（有限合 伙）持有的安孚能源的股权）提供担保。公司已于 2026 年 1 月 28 日办理完成上 述股权的出质登记。 二、股权质押情况 1.出质人：安徽安孚电池科技股份有限公司 2.质权人：平安银行股份有限公司合肥分行 3.质押物：公司持有的安徽安孚能源科技有限公司 2.21%股权 安徽安孚电池科技股份有限公司 关于子公司股权质押的公告 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。 一、股权质押情况概述 三、股权质押对公司的影响 公司本次质押所持有的安孚能源部分股权是用于支付前期收购安孚能源少 数股权的部分交易价款，符合公司整体融资安排及长远发展规划。目前公司经营 状况良好，具备较 ...

Investment Rating - The report does not provide specific investment ratings for the industry sectors mentioned [2]. Core Insights - The overall industry strategy focuses on the simultaneous rise in energy storage volume and price, with ongoing themes in space and AI [3]. - The new energy vehicle supply chain is entering an upward cycle, benefiting companies like CATL and EVE Energy due to the electrification upgrade and optimization of energy storage patterns [3]. - By the end of December 2025, China's electric vehicle charging infrastructure is expected to reach 20.092 million units, a year-on-year increase of 49.7% [3]. - Global energy storage battery shipments are projected to reach 640 GWh in 2025, a year-on-year increase of 82.9%, with CATL maintaining a leading position [3][25]. - The solid-state battery sector is entering a critical phase of engineering and industrialization, with companies like Xiamen Tungsten and Peking University Technology benefiting [4]. Summary by Sections Energy Storage and New Energy - The energy storage trend continues to improve, with companies like Sungrow Power and Huaneng Power benefiting from a significant increase in domestic procurement, which exceeded 100 GWh for the first time [5]. - The average price of lithium battery storage systems has rebounded by 6.39% to 0.5226 yuan/Wh [5]. - AI expansion and global grid upgrades are driving demand for power equipment, benefiting companies like TBEA and Sanyuan Electric [5]. Lithium Carbonate and Battery Materials - The supply and demand for lithium carbonate are exceeding expectations, with companies like Salt Lake Potash and Hunan Youneng benefiting from favorable market conditions [4]. - The cost of phosphoric iron lithium cathode materials has increased, with processing fees rising by 318.7 yuan/ton compared to November averages [4][27]. AI and Robotics in New Energy - The integration of AI and humanoid robots in the new energy sector is gaining traction, with companies like Zhejiang Rongtai and Keda Li benefiting from advancements in robotics [7]. - Tesla's shift towards becoming a robotics company is expected to create new growth cycles, with significant implications for the automotive industry [7][26]. Market Trends and Projections - The report highlights that the global energy storage battery shipment is expected to reach 1,090 GWh in 2026, a year-on-year increase of 70% [25]. - The market for commercial energy storage products is evolving, with larger capacity batteries becoming mainstream and driving innovation in the sector [29].

Investment Rating - The report assigns an "Overweight" rating to the home appliance industry [4]. Core Insights - The report highlights a slight decline in fund holdings in the home appliance sector, with a 2.6% allocation in actively managed equity funds for Q4 2025, down 0.2 percentage points from Q3 [2][4]. - December retail sales for home appliances showed a year-on-year decline of 18.7%, indicating ongoing pressure despite a high base in the previous year [2][4]. - The European Union has mandated registration for imports of robotic lawn mowers from China, with potential anti-dumping duties estimated between 21.4% and 57.4% [2][4]. Summary by Sections Investment Recommendations - The report suggests that national subsidies are expected to transition smoothly, and leading companies in both black and white appliances are recommended for their stable operations and high dividends, including Midea Group (13.1X PE), Haier Smart Home (11.4X), TCL Electronics (12.7X), and Hisense Visual (12.7X) [4]. - It emphasizes the core drivers of smart home appliances' overseas expansion, recommending leading robotic vacuum manufacturers Roborock (20.3X) and Ecovacs (22.5X) [4]. - Companies with stable performance and upward potential include Ninebot (19.9X), Anfu Technology (56.8X), Hailong Cold Chain (15.9X), and Beiding Co. (35.3X) [4]. - The report also notes that home appliance companies are diversifying into new areas, recommending Rongtai Health (21.3X) and Wanlong Magnetic Plastic (21.9X) [4]. Market Data - In December 2025, the production of home air conditioners was 14.782 million units, down 18.7% year-on-year, with domestic sales at 5.397 million units, down 26.7% [2][4]. - The total domestic sales for the year reached 10.521 million units, a slight increase of 0.7% year-on-year, while total exports were 9.318 million units, down 3.4% [2][4]. - The overall retail sales for home appliances in December 2025 amounted to 97.1 billion yuan, with a cumulative annual total of 1,169.5 billion yuan, reflecting an 11.0% year-on-year increase [2][4].

Investment Rating - The report assigns an "Accumulate" rating for the home appliance industry [4]. Core Insights - The report highlights a slight decline in fund holdings in the home appliance sector, with a 2.6% allocation in actively managed equity funds for Q4 2025, down 0.2 percentage points from Q3 [2][4]. - The report notes that the production of household air conditioners in December 2025 was 14.782 million units, a year-on-year decrease of 18.7%, with domestic sales down 26.7% and exports down 13.2% [2][4]. - The report mentions that the EU has mandated registration for imports of robotic lawn mowers from China, with potential anti-dumping duties estimated between 21.4% and 57.4% [2][4]. Summary by Sections Investment Recommendations - The report suggests that national subsidies are expected to transition smoothly, and recommends several companies for investment based on their stable operations and high dividends, including Midea Group (13.1X), Haier Smart Home (11.4X), TCL Electronics (12.7X), and Hisense Visual (12.7X) [4]. - It highlights the core drivers for smart home appliances' overseas expansion, recommending leading robotic vacuum companies Roborock (20.3X) and Ecovacs (22.5X) [4]. - The report also recommends companies with stable performance and upward potential, such as Ninebot (19.9X), Anfu Technology (56.8X), Hailong Cold Chain (15.9X), and Beiding Co. (35.3X) [4]. - Additionally, it points out companies expanding into new business lines, recommending Rongtai Health (21.3X) and Wanlong Magnetic Plastic (21.9X) [4]. Market Data - The report provides data on the top five holdings in the home appliance sector, with Midea Group valued at 19.9 billion, Haier Smart Home at 6 billion, and others showing varying changes in market value [4]. - It notes that the overall retail sales of home appliances in December 2025 were 97.1 billion, a year-on-year decrease of 18.7% [2][4]. - The report indicates that the total domestic sales volume for the air conditioning industry in 2025 was 10.521 million units, a slight increase of 0.7% year-on-year, while total exports were 9.318 million units, down 3.4% [2][4].

Group 1 - The core viewpoint of the article is that Anfu Technology has completed its investment in Xiangdixian through its subsidiary, and the company is progressing with the necessary legal changes [1] - Anfu Technology has signed an investment agreement with relevant investors, indicating a structured approach to its investment strategy [1] - The operational status of Xiangdixian is reported to be normal, with all business activities proceeding in an orderly manner [1]

Group 1 - The company held its first extraordinary general meeting of shareholders on January 22, 2026, at a specified location in Hefei, Anhui Province [2] - The meeting was conducted in accordance with the Company Law and the company's articles of association, utilizing a combination of on-site and online voting [2][3] - The proposal for the profit distribution plan for the first three quarters of 2025 was approved during the meeting [3] Group 2 - The meeting was attended by all 11 current directors and the board secretary, along with other senior executives [3][4] - The legal opinion provided by Anhui Chengyi Law Firm confirmed that the meeting's procedures and resolutions were in compliance with legal and regulatory requirements [4]