浙江野马电池股份有限公司 第三届董事会第八次会议决议公告 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 证券代码：605378 证券简称：野马电池 公告编号：2025-036 浙江野马电池股份有限公司（以下简称"公司"）第三届董事会第八次会议于 2025 年 10 月 23 日通过书面等方式发出会议通知，并于 2025 年 10 月 29 日在公司会议室以 现场表决方式召开会议。会议应出席董事 11 名，实际出席 11 名，会议由董事长陈一 军主持召开，高级管理人员列席会议。会议召开符合法律法规、《公司法》及《公司 章程》的规定，会议决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于<公司 2025 年第三季度报告>的议案》 具体内容详见公司于同日在上海证券交易所官方网站及指定媒体上披露的《浙江野 马电池股份有限公司 2025 年第三季度报告》。 本议案已经公司董事会审计委员会审议通过后提交董事会审议。 表决情况：11 票同意，0 票反对，0 票弃权。 （二）审议通过《关于提名第三届董事会 ...

Financial Performance - Total revenue for Q3 2025 was CNY 443,443,041.43, an increase of 4.37% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 24,030,052.49, a decrease of 50.58% year-on-year[4] - The total profit for the period was CNY 26,447,650.83, down 52.67% from the previous year[4] - Basic earnings per share were CNY 0.09, reflecting a decline of 65.38% compared to the same quarter last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,027,961,503.32, an increase of 8.2% compared to ¥950,469,212.33 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥54,656,121.04, a decrease of 53.2% from ¥116,875,611.59 in the same period of 2024[19] - Earnings per share for the first three quarters of 2025 were ¥0.25, down from ¥0.74 in 2024, indicating a decline of 66.2%[20] - Other comprehensive income after tax was negative at -¥1,518,295.85 in 2025, with no comparable figure in 2024[19] Assets and Liabilities - Total assets at the end of the period were CNY 1,597,783,283.59, a decrease of 1.94% from the end of the previous year[5] - As of September 30, 2025, the total current assets amounted to RMB 999,600,878.09, a decrease from RMB 1,144,395,097.80 as of December 31, 2024, representing a decline of approximately 12.7%[14] - The total non-current assets reached RMB 598,182,405.50, compared to RMB 484,949,170.32, marking an increase of around 23.4%[15] - Total liabilities increased to ¥348,098,172.46 in 2025 from ¥342,171,514.71 in 2024, showing a slight increase of 1.7%[18] - Total equity attributable to shareholders decreased to ¥1,249,685,111.13 in 2025 from ¥1,287,172,753.41 in 2024, a decline of 2.9%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 26,445,525.00, down 54.99%[5] - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥1,014.56 million, an increase of 10.1% compared to ¥921.21 million in the same period of 2024[22] - Net cash flow from operating activities decreased to ¥26.45 million in 2025 from ¥58.75 million in 2024, reflecting a decline of 55.1%[22] - Cash inflow from investment activities totaled approximately ¥798.21 million in 2025, down by 45.8% from ¥1,473.99 million in 2024[23] - The net increase in cash and cash equivalents for the first three quarters of 2025 was ¥22.07 million, a decrease of 56.5% from ¥50.75 million in 2024[23] Shareholder Information - The company had a total of 36,655 common shareholders at the end of the reporting period[11] - The company has no significant changes in the top 10 shareholders or their shareholding status due to the absence of transfer or lending activities[12] Operational Insights - The decline in profits was primarily due to a reduction in export tax rebate rates from 13% to 9% and a decrease in product sales prices[9] - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[13] - The company's fixed assets increased to RMB 412,461,198.94 from RMB 342,619,198.32, showing a growth of approximately 20.3%[15] - The company reported a cash inflow from sales of goods and services of approximately ¥922.81 million in 2025, an increase of 11.3% from ¥829.14 million in 2024[22] - The company's cash flow from operating activities reflects a strong operational performance despite the decline in net cash flow, indicating potential areas for improvement in cost management[22]

野马电池10月30日公告，公司于2025年10月29日召开的第三届董事会第八次会议审议通过了《关于聘任 公司高级管理人员的议案》，公司董事会聘任王速勤为公司总工程师，任期自第三届董事会第八次会议 通过之日起至第三届董事会届满之日止。 ...

Core Insights - The company reported third-quarter revenue of 443 million, representing a year-over-year increase of 4.37% [1] - Net profit for the third quarter was 24.03 million, showing a significant decline of 50.58% year-over-year [1] - For the first three quarters, total revenue reached 1.028 billion, reflecting an 8.15% year-over-year growth [1] - Net profit for the first three quarters was 54.66 million, down 53.24% compared to the same period last year [1]

Core Viewpoint - The recognition of Yeema Battery as a "Little Giant" enterprise and its inclusion in the list of future factories in Zhejiang Province highlights its authoritative acknowledgment in intelligent manufacturing and specialized technical capabilities, providing a competitive edge in the battery market [1][3]. Group 1: Company Recognition - Yeema Battery has been recognized as a specialized and innovative "Little Giant" enterprise, reflecting its professional research and development capabilities in the alkaline manganese battery sector [3]. - The dual recognition as a future factory and a "Little Giant" enterprise significantly enhances Yeema Battery's industry status and competitiveness in the international market [3]. Group 2: Production Capabilities - The company operates over 20 production lines with an annual capacity of 3 billion units, utilizing MES and ERP systems for comprehensive digital management from raw material procurement to finished product delivery [1][3]. - The intelligent production model implemented by Yeema Battery improves capacity utilization and maintains a low defect rate, ensuring reliable market supply [1]. Group 3: Technological Advancements - Yeema Battery has established a dedicated research institute, gathering experienced R&D personnel to focus on innovative technologies, such as the patented low molecular weight sodium polyacrylate binder for alkaline manganese battery anodes [3]. - The company's technological innovations effectively address product performance issues, enhancing product stability and quality [3]. Group 4: Market Position and Future Outlook - Yeema Battery has become a partner for several internationally renowned companies, with its products exported to Europe, North America, and other regions [3]. - The recognition as a future factory and "Little Giant" will further expand the company's growth opportunities in the context of the global battery industry's intelligent and green transformation [3].

Core Viewpoint - The company, Zhejiang Yema Battery Co., Ltd., is experiencing growth in its stock performance and is focusing on expanding its product offerings and production capabilities in the lithium battery sector, benefiting from the depreciation of the RMB and increasing overseas revenue. Group 1: Company Performance - On October 21, Yema Battery's stock rose by 3.36%, with a trading volume of 216 million yuan and a market capitalization of 6.345 billion yuan [1] - For the first half of 2025, Yema Battery achieved operating revenue of 585 million yuan, representing a year-on-year increase of 11.21%, while net profit attributable to shareholders decreased by 55.13% to 30.626 million yuan [7] Group 2: Product Development and Innovation - The company has accelerated the research and development of new products, with the production line for button-type lithium batteries completed and operational [2] - Yema Battery is developing an intelligent alkaline battery production line by integrating various systems such as ERP, MES, and AI technologies to enhance production efficiency and management [2] Group 3: Revenue Composition and Market Position - As of the 2024 annual report, overseas revenue accounted for 88.30% of the company's total revenue, benefiting from the depreciation of the RMB [3] - The company's main business revenue composition includes 86.16% from alkaline batteries, 8.51% from carbon batteries, and 5.20% from other sources [7] Group 4: Market Dynamics and Technical Analysis - The stock has shown signs of accumulation, but the buying pressure is weak, with an average trading cost of 27.72 yuan and a current price near a resistance level of 24.54 yuan [6] - The main funds have been reducing their positions, with a net outflow of 1.1285 million yuan on the day of analysis, indicating a lack of strong control by major investors [4][5]

Core Insights - Yema Battery's stock rose by 3.36% to close at 24.28 yuan, with a significant block trade of 115,000 shares totaling 2.4852 million yuan [1] - The first transaction occurred at a price of 21.61 yuan, with a premium rate of -11.00%, indicating a discount on the transaction price [1] - Over the past three months, Yema Battery has recorded six block trades with a total transaction value of 17.5932 million yuan [1] - In the last five trading days, the stock has declined by 11.19%, with a net outflow of 78.9464 million yuan in principal funds [1]

Core Insights - On October 21, Yema Battery executed a block trade of 115,000 shares, amounting to 2.4852 million yuan, which represented 1.14% of the total trading volume for the day [1] - The transaction price was 21.61 yuan, reflecting an 11% discount compared to the market closing price of 24.28 yuan [1] Group 1 - The block trade involved 115,000 shares of Yema Battery [1] - The total transaction value was 2.4852 million yuan [1] - The transaction price was significantly lower than the market closing price, indicating a potential opportunity for investors [1]

Core Viewpoint - The company, Zhejiang Yema Battery Co., Ltd., is experiencing fluctuations in stock performance and is focusing on product development and digital transformation to enhance its market position. Group 1: Company Performance - On October 15, Yema Battery's stock fell by 2.89%, with a trading volume of 225 million yuan and a market capitalization of 6.939 billion yuan [1] - For the first half of 2025, the company reported revenue of 585 million yuan, a year-on-year increase of 11.21%, while net profit attributable to shareholders decreased by 55.13% to 30.626 million yuan [7] Group 2: Product Development and Innovation - The company has accelerated the research and development of new products, with the production line for button-type lithium batteries completed and operational [2] - Yema Battery is developing an intelligent alkaline battery production line by integrating various systems such as ERP, MES, and AI technologies to achieve digital manufacturing [2][3] Group 3: Market Position and Revenue Sources - As of the 2024 annual report, overseas revenue accounted for 88.30% of total revenue, benefiting from the depreciation of the RMB [3] - The company's main business revenue composition includes 86.16% from alkaline batteries, 8.51% from carbon batteries, and 5.20% from other sources [7] Group 4: Shareholder and Market Dynamics - As of June 30, the number of shareholders increased by 53.05% to 38,200, with an average of 6,840 circulating shares per person, a decrease of 8.53% [7] - The stock has shown signs of accumulation, but the strength of this accumulation is weak, with the average trading cost at 28.17 yuan and the stock price near a resistance level of 26.70 yuan [6]

Market Overview - The battery sector experienced a decline of 0.53% on the previous trading day, with Defu Technology leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Gainers in the Battery Sector - Haike Xinao (301292) saw a closing price of 26.44, with a significant increase of 12.46% and a trading volume of 317,800 shares, amounting to 788 million yuan [1] - Jinyinhai (300619) closed at 37.67, up 12.35%, with a trading volume of 224,800 shares and a turnover of 810 million yuan [1] - Qiaocheng Ultrasonic (688392) closed at 103.40, rising by 11.97% with a trading volume of 72,800 shares, totaling 728 million yuan [1] Top Losers in the Battery Sector - Defu Technology (301511) closed at 32.27, down 5.95%, with a trading volume of 288,100 shares and a turnover of 928 million yuan [2] - Keda Li (002850) closed at 174.01, decreasing by 5.05%, with a trading volume of 87,900 shares and a turnover of 1.526 billion yuan [2] - Anfu Technology (603031) closed at 39.85, down 4.18%, with a trading volume of 71,500 shares and a turnover of 285 million yuan [2] Capital Flow in the Battery Sector - The battery sector experienced a net outflow of 3.121 billion yuan from institutional investors, while retail investors saw a net inflow of 3.336 billion yuan [2][3] - Notable net inflows from retail investors included Tianqi Materials (002709) with 2.12 billion yuan and Greenmei (002340) with 2.11 billion yuan [3] - Major net outflows from institutional investors included Shida Shenghua (603026) with 94.291 million yuan and Jinyinhai (300619) with 71.922 million yuan [3]