安徽安孚电池科技股份有限公司 详式权益变动报告书（修订稿） 上市公司名称：安徽安孚电池科技股份有限公司 股票上市地点：上海证券交易所 股票简称：安孚科技 股票代码：603031 信息披露义务人：深圳市前海荣耀资本管理有限公司 住所：深圳市前海深港合作区前湾一路 1 号 A 栋 201 室 通讯地址：深圳市南山区高新区粤海街道南区综合服务楼四楼 415 一致行动人（一）：合肥荣新股权投资基金合伙企业（有限合伙） 住所/通讯地址：合肥市高新区创新大道 2800 号创新产业园二期 E1 栋基金大厦 542 室 一致行动人（二）：宁波九格众蓝股权投资合伙企业（有限合伙） 住所/通讯地址：浙江省宁波市大榭开发区滨海南路111号西楼 A1415-5室（住所申报承诺试点区） 一致行动人（三）：秦大乾 通讯地址：江苏省张家港市城北路178号华芳国际大厦****楼 住所：江苏省张家港市塘桥镇秦家宕新村****号 权益变动性质：增加（因签订一致行动协议导致权益变动） 签署日期：二〇二五年六月 安徽安孚电池科技股份有限公司 详式权益变动报告书（修订稿） 声明 一、信息披露义务人依据《中华人民共和国公司法》、《中华人民共和国证券 法 ...

安徽安孚电池科技股份有限公司董事会 关于本次交易不构成《上市公司重大资产重组管理办法》第 本次交易前后，上市公司的实际控制人均为袁永刚、王文娟夫妇，本次交易 不会导致上市公司控制权变更。本次交易前三十六个月内，上市公司的实际控制 人未发生变更。因此，本次交易不构成《上市公司重大资产重组管理办法》第十 三条规定的重组上市情形。 特此说明。 安徽安孚电池科技股份有限公司董事会 2025 年 6 月 19 日 十三条规定的重组上市情形的说明 安徽安孚电池科技股份有限公司（以下简称"上市公司"）拟以发行股份及 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）、袁莉、华芳 集团有限公司、张萍、钱树良和安徽金通新能源汽车二期基金合伙企业（有限合 伙）持有的安徽安孚能源科技有限公司 31.00%股权；同时，拟向不超过 35 名特 定对象发行股份募集配套资金（以下简称"本次交易"）。 ...

安徽安孚电池科技股份有限公司简式权益变动报告书（三次修订稿） 安徽安孚电池科技股份有限公司 简式权益变动报告书 （三次修订稿） 上市公司：安徽安孚电池科技股份有限公司 股票上市地：上海证券交易所 股票简称：安孚科技 股票代码：603031 信息披露义务人：南平市绿色产业投资基金有限公司 通讯地址：福建省南平市建阳区嘉禾北路1441号万星文化广场1幢407 住所：福建省南平市建阳区嘉禾北路1441号万星文化广场1幢407 股份变动性质：持股比例下降（被动稀释） 签署日期：二〇二五年六月 1 安徽安孚电池科技股份有限公司简式权益变动报告书（三次修订稿） 声 明 注：本报告书中若出现各分项数值之和与总数尾数不符的情况，均为四舍五 入原因造成。 一、本报告书系信息披露义务人依据《中华人民共和国证券法》、《上市公司收购 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15号——权益变动 报告书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信息 披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定， 本报 ...

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, ...