证券代码：603659 证券简称：璞泰来 公告编号：2025-042 上海璞泰来新能源科技股份有限公司 特此公告。 关于公司控股股东股份解除质押的公告 上海璞泰来新能源科技股份有限公司 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相应法律责任。 董 事 会 重要内容提示： 上海璞泰来新能源科技股份有限公司（以下简称"璞泰来"或"公司"） 控股股东、实际控制人、董事长梁丰先生直接持有公司股份 531,510,881 股，占 公司目前总股本 2,137,165,372 股的 24.87%。本次解除质押 48,860,000 股，占 公司总股本的 2.29%。 本次解除质押后，梁丰先生累计质押股份数量为 245,800,000 股，占其 直接持有公司股份总数的 46.25%，占公司总股本的 11.50%；梁丰先生及其一致 行动人宁波胜越创业投资合伙企业（有限合伙）、宁波阔能创业投资合伙企业（有 限合伙）累计质押股份数量为 338,800,000 股，占其所持有公司股份总数的 35.23%，占公司总股本的 15.85%。 公司于近日收到梁丰先 ...

Investment Rating - The investment rating for Shanghai Putailai New Energy Tech Co Ltd is Equal-weight [5][79]. Core Insights - The price target has been adjusted downwards from Rmb14.00 to Rmb13.50, reflecting a 4% decrease [4][5]. - The bull case price target is now Rmb16.00, down from Rmb17.50, while the bear case target is reduced to Rmb9.70 from Rmb10.00 [4][5]. - The report indicates a 9% reduction in EPS estimates for 2025, 11% for 2026, and 8% for 2027, primarily due to the roll forward of valuation from 2024 to 2025 and a decrease in the target multiple from 15x to 14x [3][8]. Summary by Sections Financial Performance - The company is expected to experience lower revenue forecasts of 22% and 20% for 2025 and 2026, respectively, due to lower-than-expected sales volume of anode materials [8]. - An increase of approximately 2 percentage points in gross profit margin (GPM) and net profit margin for 2025 and 2026 is anticipated, attributed to better-than-expected GPM in 1Q25 and lower SG&A expenses [8][21]. Market Position - Shanghai Putailai has diversified its business across various battery materials, including anodes and separators, but faces challenges due to slower-than-expected global EV demand growth [11]. - The company is currently suffering from impairment losses in its anode materials segment, which is negatively impacting profitability [11]. Valuation Metrics - The valuation of Putailai is based on a P/E ratio of 14x for 2025e, which is considered a historical low, implying a price-to-book (P/B) ratio of approximately 1.4x, higher than its peers in the battery material sector [9][11].

Core Points - The company announced a cash dividend distribution of 0.17 yuan per share for the fiscal year 2024, with no stock dividends or capital increases from reserves [2][6] - The profit distribution plan was approved at the annual general meeting of shareholders held on May 16, 2025 [3] - The total cash dividend distribution amounts to approximately 357.77 million yuan, based on a total share capital of 2,137,165,372 shares, excluding 32,632,415 shares held in the company's repurchase account [5] Distribution Details - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [4] - The cash dividend will be distributed based on a base of 2,104,532,957 shares, resulting in a distribution of 1.70 yuan for every 10 shares held [5] - The reference price for the ex-dividend date will be calculated as the previous closing price minus the cash dividend of 0.17 yuan [7][8] Taxation Information - Individual shareholders holding shares for over one year will be exempt from personal income tax on the dividend, receiving the full 0.17 yuan per share [11] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution, but tax will be calculated upon the sale of the shares [11] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.153 yuan per share [12][13]

证券代码：603659 证券简称：璞泰来 公告编号：2025-041 上海璞泰来新能源科技股份有限公司 差异化分红送转： 是 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2025 年 5 月 16 日的2024年年度股东大会审议通过。 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.17元 不送红股，不以公积金转增股本。 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 | 2025/6/12 | － | 2025/6/13 | 2025/6/13 | 二、分配方案 1.发放年度：2024年年度 2.分派对象： 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。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监 ...

致：上海璞泰来新能源科技股份有限公司 北京市金杜律师事务所上海分所（以下简称本所）接受上海璞泰来新能源 科技股份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以 下简称《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、《上市公 司股份回购规则》（以下简称《回购规则》）、《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》（以下简称《监管指引第 7 号》）等中华人民共和 国境内（为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别 行政区和中国台湾地区）现行有效的法律、行政法规、部门规章、规范性文件 和《上海璞泰来新能源科技股份有限公司章程》的有关规定，就公司 2024 年度 利润分配所涉及的差异化权益分派（以下简称本次差异化权益分派）相关事项， 按照律师行业公认的业务标准、道德规范和勤勉尽责精神，出具本法律意见。 本法律意见的出具已得到公司如下保证： 1．公司向本所提供的所有文件资料及所作出的所有陈述和说明均是真实、 准确、完整和有效的，且一切足以影响本法律意见的事实和文件均已向本所披 露，而无任何隐瞒或重大遗漏。 2．公司提供的文件资料中的所有签字及印章均是真实的 ...

Summary of Key Points Core Viewpoint - The announcement details the share pledge by the controlling shareholder of Shanghai Putailai New Energy Technology Co., Ltd., Mr. Liang Feng, which is aimed at replacing existing pledged financing without involving new financing. Group 1: Share Pledge Details - Mr. Liang Feng directly holds 531,510,881 shares, accounting for 24.87% of the company's total share capital of 2,137,165,372 shares. After the pledge, the total pledged shares amount to 294,660,000, representing 55.44% of his holdings and 13.79% of the company's total shares [1][2] - Mr. Liang Feng and his concerted parties, Ningbo Shengyue and Ningbo Kuaneng, collectively hold 961,571,752 shares, which is 44.99% of the total share capital. The total pledged shares after this transaction will be 387,660,000, which is 40.32% of their total holdings and 18.14% of the company's total shares [1][2] - The share pledge is intended to replace existing financing and is expected to be completed by June 2025, allowing for the release of 48,860,000 shares from pledge, reducing the pledged proportion to 46.25% of Mr. Liang's holdings and 11.50% of the company's total shares [1][2] Group 2: Financial Stability and Impact - The financial condition of Mr. Liang Feng and his concerted parties is reported to be good, with sufficient repayment capability expected from self-owned and self-raised funds. There are no risks of forced liquidation or transfer of pledged shares [3] - The share pledge will not affect the company's main business, financing costs, or operational capabilities, nor will it lead to a change in actual control of the company [3] - The company will continue to monitor the share pledge situation and fulfill information disclosure obligations as required [3]

Core Points - The company has approved the 2025 stock option incentive plan, which includes the granting of 28.4809 million stock options [1][2] - The stock options will be granted to 256 core employees, representing 72.75% of the total options granted [3] - The total number of stock options granted under the plan is 32 million, with a reserved portion of 3.5191 million options [3] Group 1: Stock Option Grant Details - The stock option grant registration date is set for June 3, 2025 [1] - The plan has been approved with no opposing or abstaining votes, and one recusal [2] - The stock options have a maximum validity period of 60 months from the grant date [3] Group 2: Vesting and Exercise Arrangement - The waiting period for the stock options is 12 months from the grant date [4] - The exercise schedule includes three phases: 34% after 12 months, 33% after 24 months, and 33% after 36 months [4] - If the exercise conditions are not met, the options will be canceled [4] Group 3: Financial Impact - The stock option plan is expected to impact the company's financial results, with estimated amortization costs for the options over the years 2025 to 2028 [4][5] - The company anticipates that the positive effects of the incentive plan on performance will outweigh the associated costs [5]

证券代码：603659 证券简称：璞泰来 公告编号：2025-040 上海璞泰来新能源科技股份有限公司 关于 2025 年股票期权激励计划 首次授予股票期权授予结果公告 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 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票累计未超过本激励 计划草案公告时公司股本总额的 1%。公司全部在有效期内的股权激励计划所涉及的标的股票总数累计未超过 本激励计划草案公告时公司股本总额的 10%。 股票期权首次授予登记日：2025 年 6 月 3 日 股权激励权益登记数量：股票期权 2,848.09 万份 上海璞泰来新能源科技股份有限公司（以下简称"本公司"或"公司"）第四 届董事会第三次会议和 2025 年第二次临时股东大会审议通过了《关于<上海璞泰 来新能源科技股份有限公司 2025 年股票期权激励计划（草案）>及其摘要的议案》、 《关于<上海璞泰来新能源科技股份有限公司 2025 年股票期权激励计划实施考核 管理办法>的议案》、《关于提请股东大会授权董 ...

本次梁丰先生股权质押用于置换其原有质押融资，不涉及新增融资。置 换预计将于 2025 年 6 月完成，置换完成后可解除质押 48,860,000 股，届时梁丰 先生累计质押数量占其所持公司股份比例将下降至 46.25%，占公司总股本的 11.50%；梁丰先生及其一致行动人累计质押数量占其所持公司股份比例将下降至 35.23%，占公司总股本的 15.85%。 证券代码：603659 证券简称：璞泰来 公告编号：2025-039 上海璞泰来新能源科技股份有限公司 关于公司控股股东进行股份质押的公告 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相应法律责任。 重要内容提示： 上海璞泰来新能源科技股份有限公司（以下简称"璞泰来"或"公司"） 控股股东、实际控制人、董事长梁丰先生直接持有公司股份 531,510,881 股，占 公司目前总股本 2,137,165,372 股的 24.87%。本次股份质押后，梁丰先生累计 质押股份数量为 294,660,000 股，占其直接所持有公司股份总数的 55.44%，占 公司总股本的 13.79%。 公司 ...

Core Points - The company held its annual general meeting on May 16, 2025, where it approved the proposal to abolish the supervisory board and amend the articles of association to include employee representative directors [1] - Mr. Han Zhongwei was elected as the employee representative director during the employee representative assembly held on the same day, with his term lasting until the end of the fourth board of directors [1] - Mr. Han Zhongwei has held various positions within the company, including director, executive vice president, and board secretary, and currently holds 10,873,988 shares directly, representing 0.5088% of the company [3] Company Structure Changes - The company will no longer have a supervisory board or supervisors, and the position of employee representative director has been added to the board [1] - The composition of the fourth board of directors and its specialized committees remains unchanged following the election of Mr. Han Zhongwei [1] Mr. Han Zhongwei's Background - Mr. Han Zhongwei, born in 1975, holds a doctoral degree and has a diverse professional background, including roles at China Merchants Bank, Middlesex University, and Hanergy Thin Film Power Group [3] - He has been with the company since November 2015, serving in various capacities, including as a director and financial director [3] - Mr. Han does not have any disqualifications under the Company Law or the company's articles of association, nor has he been subject to any market entry bans by the China Securities Regulatory Commission [3]