证券代码：605378 证券简称：野马电池 公告编号：2025-044 浙江野马电池股份有限公司 关于首次公开发行募集资金投资项目结项暨 节余募集资金永久补充流动资金并注销专户的公告 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。 重要内容提示： ● 浙江野马电池股份有限公司（以下简称"公司"）"智慧工厂信息化建设 项目"已达到预定可使用状态，满足结项条件，公司决定将其予以结项。本次结 项后，首次公开发行股票募集资金投资项目已全部实施完毕并结项。截至 2025 年 12 月 22 日，节余募集资金合计 12,004,771.27 元（含利息收入扣除手续费后 净额，实际金额以资金转出当日专户余额为准），占首次公开发行股票募集资金 净额的 2.20%，公司将上述节余募集资金用于永久补充流动资金，同时注销募集 资金专户。 ● 公司首次公开发行股票节余募集资金低于募集资金净额的 5%，根据《上 海证券交易所上市公司自律监管指引第 1 号--规范运作》6.3.22 的有关规定， 本次节余募集资金永久补充流动资金事项无需提交公司董事会、股 ...

12月1日，野马电池大宗交易成交9.6万股，成交额201.31万元，占当日总成交额的2.17%，成交价20.97元，较市场收盘价23.5元折价10.77%。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2025-12-01 | 野马电池 | 605378 | 20.97 201.31 | 9.6 | | 广发证券股公有限 公司宁波分公司 | ...

Group 1 - The stock of Yema Battery closed at 23.50 yuan, with an increase of 0.86% on December 1 [1] - A block trade occurred with a total volume of 96,000 shares and a transaction amount of 2.01 million yuan, with a transaction price of 20.97 yuan, reflecting a premium rate of -10.77% [1] - The buyer was Shenwan Hongyuan Securities Co., Ltd., and the seller was GF Securities Co., Ltd. [1] Group 2 - In the last three months, Yema Battery has recorded a total of 38 block trades, amounting to 108 million yuan [1] - Over the past five trading days, the stock has increased by 3.52%, while the net outflow of main funds totaled 7.88 million yuan [1]

北京中伦文德（杭州）律师事务所 法律意见书 北京中伦文德（杭州）律师事务所 关于 浙江野马电池股份有限公司 2025 年第二次临时股东会 之 法律意见书 电话：0571-83685215 传真：0571-83685215 邮编：311200 北京中伦文德（杭州）律师事务所 法律意见书 北京中伦文德（杭州）律师事务所 地址：杭州市萧山区钱江世纪城广孚中心 1301 北京中伦文德（杭州）律师事务所 法律意见书 北京中伦文德（杭州）律师事务所 关于浙江野马电池股份有限公司 2025 年第二次临时股东会之 法律意见书 致：浙江野马电池股份有限公司 北京中伦文德（杭州）律师事务所（以下称"本所"）接受浙江野马电池股份 有限公司（以下称"公司"）的委托，指派律师出席公司 2025 年第二次临时股东 会（以下称"本次股东会"），本所律师根据《中华人民共和国公司法》（以下称 "《公司法》"）、《中华人民共和国证券法》（以下称"《证券法》"）、《上市 公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规范性法律文件 以及《浙江野马电池股份有限公司公司章程》（以下称"《公司章程》"）的规定， 就公司本次股东会的召集召开程 ...

证券代码：605378 证券简称：野马电池 公告编号：2025-043 浙江野马电池股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： (五) 公司董事和董事会秘书的出席情况 二、 议案审议情况 (一) 累积投票议案表决情况 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 195 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 192,598,052 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 73.6945 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 等。 (一) 股东会召开的时间：2025 年 11 月 17 日 (二) 股东会召开的地点：浙江省宁波市镇海区骆驼街道荣吉路 818 号公司会 议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 本次股东会由公司董事会召集 ...

投资者及其一致行动人余元康、陈恩乐、陈一军、余谷峰、陈科军、余谷涌保证 向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 证券代码：605378 证券简称：野马电池 公告编号：2025-042 浙江野马电池股份有限公司 关于股东权益变动触及 1%刻度的提示性公告 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | 陈一军 |  | 控股股东/实控人 |  | | | □ | 控股股东/实控人的一致 | 不适用 | | | 行动人 | | | | | □ | 其他直接持 ...

Core Viewpoint - Yema Battery (605378.SH) faces significant operational challenges, with a notable contrast between revenue growth and a sharp decline in net profit, indicating a "revenue without profit" dilemma [1][2][20]. Financial Performance - In the first three quarters of 2025, Yema Battery achieved total revenue of 1.028 billion yuan, a year-on-year increase of 8.15%, but the net profit attributable to shareholders plummeted by 53% to 54.656 million yuan [1]. - For Q3 2025, revenue was 443 million yuan, up 4.37% year-on-year, while net profit fell by 50.58% to 24.03 million yuan [1]. - The gross profit margin dropped to a record low of 14.26%, down 7.22 percentage points from 21.48% in the same period of 2024 [2][6]. Market Dynamics - The global zinc-manganese battery market is projected to reach approximately 8 billion USD in 2025, with a compound annual growth rate of only 2%, leading to intensified price competition [6]. - Yema Battery primarily operates under an OEM model, which limits its pricing power and exposes it to aggressive pricing pressures from larger clients [6][7]. Competitive Position - Compared to competitors, Yema Battery's profitability is significantly lower, with peers like Nanfu Battery achieving a gross margin of 48% and Changhong Energy at 16% [6]. - The company is heavily reliant on OEM production for international brands, which constrains its ability to establish a strong market presence with proprietary brands [7]. Industry Trends - The zinc-manganese battery industry is experiencing increasing concentration, with leading companies like Nanfu and Shuanglu dominating the market, capturing 60% of the domestic alkaline battery market [8]. - The shift towards alkaline batteries over carbon batteries is further squeezing the market space for smaller players like Yema Battery [8]. Cash Flow and Receivables - Yema Battery's accounts receivable reached 390 million yuan, a 20% increase year-on-year, indicating declining cash flow efficiency [9][12]. - The high accounts receivable, which accounted for 38% of total receivables and 17.3% of total assets, suggests potential risks in cash recovery [9][12]. Future Outlook - The company is exploring a transition to new energy solutions, such as sodium batteries, but faces significant challenges due to high technical barriers and resource allocation issues [13][20]. - The current high valuation of Yema Battery, with a price-to-earnings ratio of 75, is seen as unsustainable given its declining profitability and growth prospects compared to peers [15][17].

Core Viewpoint - Yema Battery (605378.SH) announced significant share reductions by major shareholders, indicating a shift in ownership structure and potential implications for control and governance [1] Shareholder Reductions - Shareholder Chen Yijun reduced holdings by a total of 118.27 thousand shares from November 1 to November 13, 2025, through both centralized bidding and block trading [1] - Shareholder Yu Gufeng reduced holdings by a total of 175.99 thousand shares during the same period, also utilizing centralized bidding and block trading [1] - Shareholder Chen Kejun reduced holdings by a total of 123.47 thousand shares through similar methods [1] - The total reduction in shares by these shareholders amounted to 417.73 thousand shares, leading to a decrease in the actual controller's ownership from 73.8187% to 72.2203%, marking a change that touches the 1% threshold [1]

Core Insights - The article discusses the recent block trading activity of Yema Battery, highlighting significant transactions and market performance [2][3]. Trading Activity - On November 13, Yema Battery experienced 21 block trades, totaling 2.83 million shares and a transaction value of 63.75 million yuan, with a trading price of 22.51 yuan, representing an 18.18% discount compared to the closing price [2]. - Over the past three months, Yema Battery has recorded 37 block trades, with a cumulative transaction value of 106 million yuan [3]. Market Performance - Yema Battery's closing price on the same day was 27.51 yuan, reflecting a 10.00% increase, with a turnover rate of 6.10% and a total trading volume of 432 million yuan [3]. - The net inflow of capital for Yema Battery was 253 million yuan for the day, and over the past five days, the stock has risen by 7.97% with a total net capital inflow of 258 million yuan [3]. Company Background - Zhejiang Yema Battery Co., Ltd. was established on November 6, 1996, with a registered capital of 2.613464 billion yuan [3].

Core Insights - On November 13, a block trade of Yema Battery involved 2.8319 million shares, with a transaction value of 63.7462 million yuan, accounting for 12.85% of the total trading volume for the day [1] - The transaction price was 22.51 yuan, representing an 18.18% discount compared to the market closing price of 27.51 yuan [1] Trading Details - The block trade occurred on November 13, 2025, with the stock code 605378 for Yema Battery [2] - The transaction price was consistently recorded at 22.51 yuan across multiple entries, indicating a stable trading price during this block transaction [2][3] - The total transaction amount was reported at 63.7462 million yuan, with a significant volume of 2.8319 million shares traded [1][2]