证券代码：603031 证券简称：安孚科技 公告编号：2025-046 | | | 2、新增了部分交易对方关于本次交易取得上市公司股份锁定的承 | | --- | --- | --- | | | | 诺； | | | | 3、更新了本次交易已履行的决策和审批程序； | | | | 4、补充更新了业绩承诺补偿及减值补偿安排的相关内容 | | | | 年第一季度经营情况 5、新增了标的公司及其重要子公司 2025 | | 重大风险提示 | | 补充更新了业绩承诺及补偿的相关风险提示 | | | | 1、新增了本次重组方案调整的具体内容； | | | | 2、根据已实施的现金分红方案及交易方案的调整情况，更新了本 | | | | 次交易发行价格、发行数量、募集配套资金及相关内容； | | 第一节 | 本次交易概述 | 3、新增了部分交易对方关于本次交易取得上市公司股份锁定的承 | | | | 诺； | | | | 4、更新了本次交易已履行的决策和审批程序； | | | | 5、补充更新了业绩承诺补偿及减值补偿安排的相关内容 | | 第二节 | 上市公司基本 | 1、根据最新情况，更新了上市公司前十大股东情况； | ...

证券代码：603031 证券简称：安孚科技 公告编号：2025-044 安徽安孚电池科技股份有限公司 第五届监事会第九次会议决议公告 本公司监事会及全体监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。 安徽安孚电池科技股份有限公司（以下简称"公司"、"上市公司"或"安 孚科技"）第五届监事会第九次会议通知于 2025 年 6 月 17 日以通讯方式送达各 位监事，会议于 2025 年 6 月 18 日以现场结合通讯方式召开。本次会议应到监事 3 人，实到监事 3 人。会议由监事会主席朱海生先生主持。会议的召开和表决程 序符合《公司法》和《公司章程》的有关规定，会议合法、有效。 经与会监事认真审议，形成如下决议： 一、逐项审议通过《关于调整公司发行股份及支付现金购买资产并募集配 套资金暨关联交易方案的议案》 公司拟通过发行股份及支付现金的方式购买宁波九格众蓝股权投资合伙企 业（有限合伙）（以下简称"九格众蓝"）、华芳集团有限公司、安徽金通新能源 汽车二期基金合伙企业（有限合伙）、袁莉、张萍和钱树良持有的安徽安孚能源 科技有限公司（以下简称"标的公司 ...

Core Viewpoint - The company has shown steady operational performance with its core business, Nanfu batteries, continuing to drive growth, supported by recent share buybacks from executives and major shareholders [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 1.378 billion yuan, representing a year-on-year increase of 5.80% [2]. - The net profit attributable to shareholders reached 71 million yuan, up 10.01% year-on-year, while the net profit excluding non-recurring items was 70 million yuan, reflecting a 9.04% increase [2]. - The gross margin for Q1 2025 was 49.22%, a decrease of 1.64 percentage points year-on-year, primarily due to an increase in export sales [3]. Cost Management - The sales expense ratio for Q1 2025 was 13.46%, down 1.93 percentage points year-on-year; the management expense ratio remained stable at 4.12%; the R&D expense ratio slightly increased to 2.07%; and the financial expense ratio significantly decreased from 1.41% to 0.39% due to reduced borrowing and lower interest rates [3]. Cash Flow and Market Position - The net cash flow from operating activities reached 309 million yuan in Q1 2025, a substantial increase of 64.50% year-on-year, highlighting the company's strong cash-generating capabilities [3]. - Nanfu batteries maintain a leading position in the domestic alkaline battery market, with a market share exceeding 80% for its 5 and 7 alkaline batteries [2]. Growth Prospects - The company is expanding its overseas market presence, with four new production lines set to contribute an annual capacity of 1 billion units, alleviating capacity constraints from growing export orders [2]. - There is significant market interest in the potential increase of Anfu Technology's stake in Nanfu batteries, which could enhance the company's performance if the ownership rises from approximately 26% to a higher level [3]. Investment Outlook - The company is expected to continue enhancing its profitability and cash flow, with projected net profits of 200 million yuan, 230 million yuan, and 250 million yuan for 2025, 2026, and 2027, respectively [3]. - A cautious target price of 39.7 yuan is set based on a 23 times price-to-earnings ratio for 2025, with an estimated market value of approximately 8.4 billion yuan [3].

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 39.7 yuan [2]. Core Views - The company has shown stable operations, with key executives completing share buybacks totaling 6.1774 million yuan since the announcement of the buyback plan on March 29, 2025. The controlling shareholder is also in the process of increasing its stake by no less than 50 million yuan [2]. - The core business, Nanfu batteries, continues to contribute significantly to revenue growth, maintaining a leading position in the domestic alkaline battery market with a market share exceeding 80% for its 5 and 7 alkaline batteries. The company is also expanding its production capacity for overseas markets, which is expected to alleviate capacity constraints and support growth [8]. - The first quarter of 2025 saw a revenue increase of 5.8% year-on-year, with net profit rising by 10.01% year-on-year, indicating enhanced profitability. The gross margin for Q1 2025 was 49.22%, slightly down from the previous year due to an increase in export sales [8]. - The company is actively pursuing overseas market expansion and plans to increase its equity stake in Nanfu batteries, which could significantly enhance its performance if the stake rises from the current 26% to a higher level [8]. Financial Summary - Projected total revenue for 2024 is 4,638 million yuan, with expected growth rates of 7.4% in 2024, 16.1% in 2025, 14.0% in 2026, and 10.9% in 2027 [4]. - The projected net profit attributable to the parent company for 2024 is 168 million yuan, with growth rates of 45.2% in 2024, 15.8% in 2025, 16.6% in 2026, and 9.0% in 2027 [4]. - The earnings per share (EPS) is expected to be 0.80 yuan in 2024, increasing to 1.17 yuan by 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 36 in 2024 to 24 in 2027 [4].

Core Insights - The company reported a sales revenue of 4.638 billion yuan for 2024, an increase of 7.43%, and a net profit of 808 million yuan, up 13.68% [1] - The company aims to enhance its core product competitiveness and maintain its leading position in the alkaline battery industry by increasing R&D investment and launching the fifth generation of its energy ring battery in 2025 [1] - The company is expanding its brand matrix from a single alkaline battery brand to a multi-category and multi-brand approach, focusing on various consumer needs [2] Financial Performance - For Q1 2025, the company achieved an operating revenue of 1.38 billion yuan, a year-on-year increase of 5.8%, and a net profit attributable to the parent company of 70 million yuan, up 10.0% [1] - The net profit attributable to the parent company for 2024 was 168 million yuan, reflecting a growth of 45.20% [1] Product and R&D Development - The company has maintained its position as the top seller of alkaline manganese batteries in the domestic market for 32 consecutive years, with an increasing market share [1] - The upcoming fifth generation of the energy ring battery is expected to significantly enhance performance compared to the fourth generation, solidifying the company's market leadership [1] Brand and Market Strategy - The company is focusing on building a brand matrix that includes various product lines, such as the Fenglan No.1 gas stove battery and the Chuan Ying lithium button battery, which has become a leading brand in its category [2] - The company is enhancing its online presence through e-commerce platforms and social media marketing, including operations on Douyin and live commerce [2] Investment Outlook - The company is expected to benefit from the transition from carbon to alkaline batteries and the expansion into overseas OEM and energy storage businesses, which may enhance growth potential [3] - Revised profit forecasts for 2025-2027 predict net profits of 200 million, 230 million, and 250 million yuan respectively, with corresponding P/E ratios of 29, 26, and 24 times [3]

证券代码：603031 证券简称：安孚科技 公告编号：2025-042 安徽安孚电池科技股份有限公司 董事、高级管理人员增持股份结果公告 本公司董事会、全体董事及相关股东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、增持主体的基本情况 | 增持主体名称 | 刘荣海 | | | | --- | --- | --- | --- | | 增持主体身份 | 控股股东或实控人 | 是 | 否 | | | 控股股东或实控人的一致行动人 | 是 | 否 | | | 直接持股 5%以上股东 | 是 | 否 | | | 董事、监事和高级管理人员 | 是 | 否 | | | 其他：__________ | | | | 增持前持股数量 | 235,430 股 | | | | 增持前持股比例 | 0.1115% | | | 二、增持计划的实施结果 （一）增持计划的实施结果 | 增持计划拟增持比例 | 不设增持比例区间 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | ...

安徽安孚电池科技股份有限公司 关于控股子公司股份质押的公告 证券代码：603031 股票简称：安孚科技 编号：2025-041 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： 为降低综合融资成本，优化公司债务结构，安徽安孚电池科技股份有限 公司（以下简称"公司"）控股子公司安徽安孚能源科技有限公司（以下简称"安 孚能源"）将其持有的宁波亚锦电子科技股份有限公司（以下简称"亚锦科技"） 的15%股权对应的股份质押给上海浦东发展银行股份有限公司合肥分行（以下简 称"浦发银行合肥分行"）。 一、控股子公司股份质押情况概述 鉴于银行贷款利率逐步下行,公司从上市公司整体利益考虑，积极与金融机 构对接，寻求更低成本的资金，以降低公司综合融资成本。安孚能源向浦发银行 合肥分行申请了利率条件更为优惠的贷款，成功置换了其之前成本较高的银行并 购贷款。本次置换有效降低了公司的财务费用支出，提升了公司资金使用效率， 增强了公司盈利能力与抗风险能力。 近期，安孚能源与浦发银行合肥分行签署质押合同。安孚能源将其持有的亚 锦科技的562, ...

Core Viewpoint - Anfu Technology (603031) announced that its subsidiary, Anfu Energy, has pledged 563 million shares of Yajing Technology to Shanghai Pudong Development Bank for a loan of 400 million yuan, completing the pledge registration process [1] Group 1 - The pledged shares are part of the 984 million shares of Yajing Technology that Anfu Energy will release from pledge on May 15, 2025 [1] - The pledge ratio of Anfu Energy's holdings in Yajing Technology has significantly decreased compared to before the pledge [1]

Core Viewpoint - The controlling shareholder of Anhui Anfu Battery Technology Co., Ltd. (Anfu Technology) is actively increasing its shareholding to enhance investor confidence and company value, with a total planned investment of at least RMB 50 million [1][2]. Summary by Sections Shareholding Increase Plan - The controlling shareholder, Shenzhen Qianhai Glory Capital Management Co., Ltd. (Qianhai Glory), has initiated a shareholding increase plan based on confidence in Anfu Technology's future development and long-term value recognition [1]. - The first phase of the increase involved a special loan of RMB 35 million, with a total increase amounting to RMB 38.8851 million, fully utilizing the first loan [1][2]. - A second special loan of RMB 10 million was approved on May 15, 2025, with an immediate increase of 261,700 shares amounting to RMB 6.9993 million [2][3]. Implementation Progress - The initial shareholding increase plan was disclosed on October 10, 2024, with the first loan issued on December 27, 2024, and the plan set to be completed by June 27, 2025 [3]. - The total amount of shares increased so far is 1,625,570 shares, with a cumulative investment of RMB 45.8844 million [4]. Shareholding Structure - Prior to the increase, Qianhai Glory held 21,368,998 shares, representing a significant stake in the company [2]. - The total shares held by Qianhai Glory, including delegated voting rights from Qin Daqian, amount to 25,935,250 shares, which is 12.29% of the total share capital [3].

证券代码：603031 证券简称：安孚科技 公告编号：2025-040 安徽安孚电池科技股份有限公司 控股股东增持股份进展公告 本公司董事会、全体董事及相关股东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： 已披露增持计划情况 安徽安孚电池科技股份有限公司（以下简称"公司"、"安孚科技"）控股股 东深圳市前海荣耀资本管理有限公司（以下简称"前海荣耀"）基于对安孚科技 未来发展前景的坚定信心及中长期价值的认可，同时为增强投资者对安孚科技的 投资信心，提升公司价值，切实维护广大投资者利益，计划自增持专项贷款发放 之日起六个月内，通过上海证券交易所集中竞价方式增持公司股份，增持金额不 低于人民币 5,000 万元。 增持计划的实施进展 公司控股股东前海荣耀在从相关金融机构申请的首笔 3,500 万元增持专项 贷款到位之后立即实施增持，增持总金额为人民币 3,888.51 万元，首笔增持贷 款全部使用完毕。具体增持情况详见公司于 2024 年 12 月 28 日和 2025 年 3 月 12 日在上海证券交易所网站披露的《关于控股股东二级市 ...