证券代码：603381 证券简称：永臻股份 公告编号：2025-058 二、说明会召开的时间、地点和方式 会议召开时间：2025 年 11 月 07 日（星期五）15:00-16:00 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 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 永臻科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日在上 海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。为便 于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 11 月 07 日（星期五）15:00-16:00 在"价值在线"（www.ir-online.cn） 举办 2025 年第三季度业绩说明会，与投资者进行沟通和交流，广泛听取投资者 会议召开时间：2025 年 11 月 07 日（星期五）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召 ...

永臻股份 20251028 摘要 永臻股份三季度光伏边框出货量约 36 万吨，同比增长 48%，但盈利水 平因越南基地良率问题和国内加工费下滑而下降，越南基地接近满产， 但单吨盈利不足 2000 元，国内单吨亏损 500 元左右。 公司收购捷诺威后调整客户结构，专注大客户直供，现有产能已满产， 计划扩产至 10 万吨，预计 2026 年底形成规模，2027 年全面放量，同 时提高加工费，型材端扩产顺利后每吨净利预计可达 2000 元。 机器人业务方面，永臻股份已批量供应头部机器人厂家多个部件，并联 合开发镁合金轻量化新机型，但具体价值量需进一步测试确定。 公司将全年出货量从 60 万吨调整至 50-55 万吨，越南基地维持满产， 国内因盈利承压下调规划，预计明年春节前后行业洗牌，公司作为头部 企业有望提升市场份额。 越南和美国市场加工费稳定，分别为 800-900 美元和 1,000-1,200 美 元，越南基地短期盈利受爬坡影响，长期看好，未来两年内越南基地仍 具竞争力。 Q&A 请介绍一下永臻股份 2025 年第三季度及前三季度的经营情况。 2025 年 1 月至 9 月，公司营业收入为 90.49 亿元 ...

Core Insights - Yongzhen Technology Co., Ltd. reported a revenue of 9.049 billion yuan and a net profit of 2.1906 million yuan for the first three quarters of 2025, indicating a decline in net profit due to multiple industry factors [1] - As a leading manufacturer of photovoltaic frames globally, Yongzhen continues to capture market share and solidify its leadership position through advantages in cost, capital, and capacity layout [1] - The company has set ambitious shipment targets for its frame products, aiming for no less than 600,000 tons, 800,000 tons, and 1 million tons from 2025 to 2027 [1] Business Expansion - Yongzhen has entered the liquid cooling technology sector through the acquisition of Zhejiang Jienowei Automotive Lightweight Technology Co., Ltd., marking the beginning of a second growth curve [1] - Jienowei's "flat extrusion" technology allows for the production of liquid cooling plates with higher internal flow channel precision, meeting the cooling needs of high power density battery cells, validated by major companies like BYD and Huawei [1] - Jienowei aims to achieve a production capacity of 100,000 tons by the end of 2026, with some production lines expected to commence in October to November of this year, and projected shipments of 30,000 to 40,000 tons in 2026 [1] Strategic Initiatives - The energy storage business is a key part of Yongzhen's strategic transformation and is steadily progressing to contribute to performance growth [2] - In June, Yongzhen announced a planned investment of 1.31 billion yuan to construct a 1.8GWh new energy storage power station and a supporting 220KV booster station in Baotou, Inner Mongolia, with the project entering a substantive advancement phase after completing filing in September [2]

业绩简评 10 月 27 日公司披露 2025 年三季报，前三季度实现营收 90.5 亿元，同比+58%；实现归母净利润 0.02 亿元，同比-99%。其中 Q3 实现营收 33.52 亿元，同比+52%、环比+8%；实现归母净利润-0.49 亿元，同环比转亏。 经营分析 芜湖及越南产能爬坡放量，越南出货快速提升。Q3 公司实现 营业收入 33.52 亿元，同比增长 52%、环比增长 8%，预计主要源 自铝价上涨。报告期内公司芜湖及越南基地爬坡放量，于 8 月底 基本实现满产，测算公司 Q3 边框出货约 11 万吨，预计其中越南 基地出货约 2.5 万吨，环比显著提升。 边框加工费下降盈利承压，差异化海外产能贡献溢价。2025 年以来光伏行业供需矛盾凸显，铝边框行业竞争加剧、加工费下 滑，公司 Q3 毛利率环比下降 3.7 PCT 至 0.79%，影响公司业绩表 现。公司越南基地聚焦美国、印度等潜力地区市场，海外边框实际 供给较少的背景下，预计越南基地凭借差异化产能获得了较高的 加工费与利润率。 边框产能扩张稳步推进，积极推进业务延伸。公司积极推进 边框产能扩张及业务延伸，光伏边框产能方面，公司包头基地年产 ...

北京商报讯（记者 马换换 王蔓蕾）10月27日晚间，永臻股份（603381）发布2025年三季报显示，公司 前三季度实现归属净利润约为219.06万元，同比下降98.77%。 财报显示，2025年前三季度，永臻股份实现营业收入约为90.49亿元，同比增长57.81%；对应实现归属 净利润约为219.06万元，同比下降98.77%。 ...

关于 2025 年前三季度计提资产减值准备的公告 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、本次计提资产减值准备情况概述 根据《企业会计准则》和永臻科技股份有限公司（以下简称"公司"）会计政 策的相关规定，为客观、公允地反映公司截至 2025 年 9 月 30 日的财务状况及经 营成果，本着谨慎性原则，公司对截至 2025 年 9 月 30 日公司及下属子公司的资 产进行了减值测试，对可能发生资产减值损失的相关资产计提减值准备。公司 2025 年前三季度合并计提各项减值损失 33,695,246.98 元，其中信用减值损失 10,686,113.01 元，资产减值损失 23,009,133.97 元。 二、本次计提资产减值准备的情况说明 证券代码：603381 证券简称：永臻股份 公告编号：2025-057 永臻科技股份有限公司 （二）信用减值损失及资产减值损失计提说明 1、计提信用减值损失 公司依据《企业会计准则第 22 号——金融工具确认与计量》的相关规定， 对应收票据、应收账款、其他应收款等各类应收款项的信用风 ...

证券代码：603381 证券简称：永臻股份 公告编号：2025-056 永臻科技股份有限公司 第二届董事会第九次会议决议公告 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、董事会会议召开情况 永臻科技股份有限公司（以下简称"公司"）第二届董事会第九次会议于 2025 年 10 月 27 日在公司会议室以现场结合通讯表决方式召开。本次会议由公司董事 长汪献利先生召集，会议通知和材料已于 2025 年 10 月 23 日以电子邮件等方式 通知公司全体董事。本次会议由董事长汪献利先生主持，应出席董事 9 人，实际 出席董事 9 人，公司董事会秘书、全体高级管理人员列席本次会议。本次会议的 召集、召开及表决程序符合《中华人民共和国公司法》等法律法规及《永臻科技 股份有限公司章程》的有关规定，会议决议合法、有效。 具体情况详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的 《2025年第三季度报告》。 2025 年 10 月 28 日 特此公告。 永臻科技股份有限公司董事会 本议案已经公司第二届董事会审计委员会 ...

证券代码：603381 证券简称：永臻股份 永臻科技股份有限公司 2025 年第三季度报告 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 3,352,344,024.27 | 52.29 | 9,049,455,495.01 | 57.81 | | 利润总额 | -93,573,818.46 | 不适用 | -88,349,523.01 | -162.18 | | 归属于上市公司股东的 净利润 归属于上市公司股东的 扣除非经常性损益的净 利润 | -49,443,729.85 -48,877,153.40 | -2,802.94 不适用 | 2,190,598.22 10,752,683.70 | -98.77 -91.49 | 1 / 13 ...

Core Insights - The humanoid robot industry is accelerating towards commercialization by 2025, with supply chain changes presenting new investment opportunities [1] - Yongzhen Co., Ltd. (603381.SH) has emerged as a key player in the supply chain for intelligent humanoid robots, despite its current market value of 5.3 billion yuan not reflecting its core value in the robotics sector [1][2] Company Overview - Yongzhen Co., Ltd. has over 20 years of technical accumulation in aluminum alloy materials and extrusion, making it a leading manufacturer of aluminum alloy structural components [1] - The company is the largest global producer of photovoltaic frames and has recently acquired Zhejiang Jienowei Automotive Lightweight Technology Co., Ltd., gaining expertise in "flat extrusion" technology [1] Collaboration with Intelligent Robots - The partnership with Intelligent Robots is expected to convert technological potential into actual production capacity, with regular bulk deliveries of core components such as load-bearing structures and joint connectors [1][2] - Yongzhen Co., Ltd. plans to jointly develop magnesium alloy applications with Intelligent Robots to meet the dual demands for lightweight and high-performance materials [2] Market Valuation and Growth Potential - Despite the promising growth in the robotics sector, Yongzhen Co., Ltd.'s valuation remains low, primarily due to its heavy reliance on the photovoltaic business, which accounted for over 90% of its projected revenue of 8.183 billion yuan in 2024 [3] - The humanoid robot market is projected to grow from 25,000 units to 11.63 million units from 2025 to 2035, with a compound annual growth rate of 84.67%, indicating significant market potential for lightweight robotics [3] Institutional Interest - Several investment institutions, including Jiashi, Fuguo, and Dongfanghong, have begun to recognize the undervalued status of Yongzhen Co., Ltd., focusing on its robotics business during recent inquiries [3] - The company is positioned at a critical juncture in the robotics industry, transitioning from technology validation to large-scale production, which could lead to a revaluation of supply chain companies as demand increases [3]

Core Viewpoint - The strategic partnership between Yongzhen Co., Ltd. and BYD marks a significant shift in Yongzhen's energy storage business, moving from a single project approach to an ecosystem collaborative development, highlighting its rapid expansion in the energy storage sector [1][3]. Group 1: Strategic Cooperation - Yongzhen and BYD will collaborate on energy storage project development, core component supply, and joint research, creating a comprehensive binding of technology, supply chain, and market [1]. - The partnership will focus on joint development of specific electrical equipment and energy storage system products, potentially participating in industry standard formulation and intellectual property sharing, enhancing Yongzhen's technical capabilities in energy storage system design [1][2]. Group 2: Supply Chain Dynamics - The cooperation features a "dual empowerment" characteristic, with BYD providing lithium-ion battery systems and competitive pricing, while Yongzhen supplies liquid-cooled aluminum alloy components, leveraging its expertise in aluminum processing [2]. - Yongzhen's acquisition of Zhejiang Jienowei in 2025 aligns with this supply chain strategy, as its "flat extrusion" technology supports cooling products for energy storage stations, creating a business loop of "liquid cooling technology + energy storage products" [2]. Group 3: Market Growth Potential - The timing of Yongzhen's investment in energy storage aligns with the industry's high growth cycle, as the National Development and Reform Commission and the Energy Administration aim for 180 million kilowatts of new energy storage capacity by 2027 [3]. - The projected annual average new energy storage installation scale could reach 142 GWh, with a sustained high compound growth rate in the industry, driven by the dual carbon goals [3]. Group 4: Financial and Operational Strength - Yongzhen's photovoltaic business provides solid cash flow support for its new energy storage initiatives, with a clear growth trajectory amid market consolidation [4]. - The company has set ambitious shipment targets for its photovoltaic products, which will ensure stable cash flow to fund energy storage investments [4]. - Yongzhen's overseas operations, particularly in Vietnam, are expected to enhance profitability and support its energy storage business expansion [4]. Group 5: Valuation and Market Recognition - Despite significant strides in energy storage, Yongzhen's market value remains underappreciated, with a projected net profit of approximately 400 million yuan in 2026, corresponding to a price-to-earnings ratio of only 14 times, well below the industry average [5]. - The combination of energy storage project implementation, collaboration with leading firms, and cash flow support positions Yongzhen for potential valuation reappraisal [5]. - The company has established a business framework that integrates its photovoltaic core, overseas expansion, energy storage growth, and strategic partnerships, enhancing its position in the renewable energy supply chain [6].