证券代码：688063 证券简称：派能科技 公告编号：2025-066 上海派能能源科技股份有限公司 第三届监事会第二十二次会议决议公告 本公司监事会及全体监事保证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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 上海派能能源科技股份有限公司（以下简称"公司"）第三届监事会第二十 二次会议于 2025 年 10 月 23 日以现场结合通讯方式召开，本次会议通知及相关材 料已于 2025 年 10 月 20 日以电子邮件方式发出。本次会议由公司监事会主席郝博 先生主持，会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集、召开和 表决程序符合《中华人民共和国公司法》《中华人民共和国证券法》《上海证券 交易所科创板股票上市规则》等相关法律、行政法规、规范性文件及《上海派能 能源科技股份有限公司章程》的有关规定。 二、监事会会议审议情况 与会监事审议表决通过以下事项： （一）审议通过了《关于公司<2025年第三季度报告>的议案》 监事会认为：公司董事会编制和审核公司《2025年第三季度报告》的程序符 合相关法律、行政法规及中国 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥863,219,833.41, representing a year-on-year increase of 56.13%[4] - The total profit for the quarter was ¥13,510,782.16, showing a significant decline of 66.49% compared to the same period last year[4] - Net profit attributable to shareholders was ¥33,939,747.32, marking a substantial increase of 94.01% year-on-year[4] - The company experienced a 76.87% decline in total profit for the year-to-date period, attributed to intensified competition and declining product prices[9] - For the first three quarters of 2025, the company achieved revenue of RMB 2,012.56 million, a year-on-year increase of 42.52%[15] - The net profit attributable to shareholders for the same period was RMB 47.85 million, reflecting a year-on-year growth of 28.05%[15] - In Q3 2025, the company reported revenue of RMB 863.22 million, up 56.13% year-on-year, and a net profit of RMB 33.94 million, which is a 94.01% increase compared to the previous year[15] - Total revenue for the first three quarters of 2025 reached ¥2,012,561,574.01, a significant increase of 42.5% compared to ¥1,412,167,194.31 in the same period of 2024[23] - Operating profit for the first three quarters of 2025 decreased to ¥16,674,848.68, compared to ¥69,879,471.43 in the same period of 2024, indicating a decline of 76.1%[23] Cash Flow and Assets - The cash flow from operating activities decreased by 46.86%, primarily due to increased cash payments for goods and services as a result of rapid production and sales growth[9] - Cash and cash equivalents as of September 30, 2025, were ¥3,013,809,491.14, down from ¥3,538,770,877.24 at the end of 2024, a decrease of 14.8%[20] - Inventory increased significantly to ¥1,370,673,133.78 as of September 30, 2025, compared to ¥719,951,113.19 at the end of 2024, representing an increase of 90.5%[20] - Total assets at the end of the reporting period were ¥12,782,244,396.61, reflecting a year-on-year increase of 9.60%[5] - Total assets as of September 30, 2025, amounted to ¥12,782,244,396.61, up from ¥11,662,789,188.41 at the end of 2024, reflecting an increase of 9.6%[21] - Total liabilities increased to ¥3,615,039,674.59 as of September 30, 2025, compared to ¥2,464,107,261.95 at the end of 2024, marking a rise of 46.7%[21] Research and Development - Research and development expenses totaled ¥90,757,534.45, accounting for 10.51% of operating revenue, a decrease of 5.77% compared to the previous year[5] - Research and development expenses for the first three quarters of 2025 were ¥250,239,025.10, down from ¥289,033,194.41 in the same period of 2024, a decrease of 13.4%[23] Shareholder Information - As of the end of the reporting period, the controlling shareholder, ZTE New Communications, held 61,454,755 shares, accounting for 25.05% of the total share capital[18] - ZTE New Communications increased its stake by purchasing 750,000 shares for RMB 26.76 million on April 22, 2025[16] - The company plans to continue share repurchases with a total investment of no less than RMB 50 million and no more than RMB 100 million over the next 12 months[16] - The company’s share repurchase account held 5,998,520 shares, representing 2.44% of the total share capital of 245,359,249 shares[14] Market Performance - The company reported a significant increase in revenue driven by the recovery in the household energy storage market and rapid growth in battery swapping and sodium battery businesses[9] - Total sales volume for the first three quarters reached 2,405 MWh, representing a significant year-on-year growth of 142.44%[15] - The company’s sales of sodium batteries exceeded 100 MWh, while shared battery swapping sales surpassed 400 MWh during the same period[15] Tax and Other Financial Metrics - The company recorded a tax expense of CNY -25,773,059.89, compared to CNY 32,458,489.36 in the previous period, indicating a significant change in tax liability[24] - The company reported a net exchange gain of ¥21,389,487.72 in the first three quarters of 2025, compared to ¥7,123,367.84 in 2024, indicating an increase of 200.5%[23] - Basic and diluted earnings per share for the quarter were both ¥0.14, representing a 40.00% increase year-to-date[5] - Basic and diluted earnings per share increased to CNY 0.20 from CNY 0.15, reflecting a growth of 33.3%[24]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter of 2025, indicating strong operational performance and positive market conditions [1] Financial Performance - In Q3 2025, the company achieved a revenue of 863 million yuan, representing a year-on-year increase of 56.13% [1] - The net profit attributable to shareholders for Q3 2025 was 33.94 million yuan, showing a year-on-year growth of 94.01% [1] - Basic earnings per share for Q3 2025 were 0.14 yuan [1] - For the first three quarters of 2025, the company reported a total revenue of 2.013 billion yuan, which is a year-on-year increase of 42.52% [1] - The net profit attributable to shareholders for the first three quarters was 47.85 million yuan, reflecting a year-on-year growth of 28.05% [1] - Basic earnings per share for the first three quarters were 0.20 yuan [1]

格隆汇10月23日｜派能科技公告，第三季度营收为8.63亿元，同比增长56.13%；净利润为3393.97万 元，同比增长94.01%。前三季度营收为20.13亿元，同比增长42.52%；净利润为4785.15万元，同比增长 28.05%。净利润增加主要系产销快速增长相应未实现内部销售损益和业务改善确认未来可抵扣前期亏 损的递延所得税资产增加，相应冲减递延所得税费用所致。 ...

2025 年第一次临时股东会 会 议 材 料 二、为保证股东会的正常秩序，除出席会议的股东或者股东代理人、董事、 监事、董事会秘书、其他高级管理人员、见证律师、本次会议议程有关人员及会 务工作人员以外，公司有权拒绝其他人员进入会场。对于影响股东会秩序和损害 其他股东合法权益的行为，公司将按规定加以制止。 $$\Xi{\bf{\cal{O}}}\,{\bf{\hat{=}}}\,\Xi{\bf{\hat{H}}}\,\Xi{\bf{\hat{+}}}\,\Xi$$ 2025 年第一次临时股东会会议材料 目录 | 上海派能能源科技股份有限公司 2025 年第一次临时股东会会议须知 | | 1 | | --- | --- | --- | | 上海派能能源科技股份有限公司 2025 年第一次临时股东会会议议程 | | 2 | | 议案一：关于取消监事会、增加董事会人数、修订《公司章程》的议案 | | 5 | | 议案二：关于修订公司部分管理制度的议案 | | 7 | | 议案三：关于部分募投项目延期及调整部分募投项目拟投入募集资金金额、内部 | | | | 投资结构并投入新项目的议案 | | 8 | | 议案四：关于 ...

Group 1 - The core viewpoint of the news is the performance and market position of Shanghai Pylon Technologies Co., Ltd., which saw a stock price increase of 5.06% to 71.20 CNY per share, with a total market capitalization of 17.47 billion CNY [1] - The company specializes in the research, production, and sales of lithium iron phosphate materials, battery cells, and battery systems, with its main business revenue composition being 87.67% from energy storage battery systems, 11.63% from other sources, and 0.70% from supplementary sources [1] Group 2 - From the perspective of fund holdings, the Fortune Fund's ETF (588960) holds 37,800 shares of Pylon Technologies, accounting for 2.92% of the fund's net value, making it the ninth largest holding [2] - The ETF has a total scale of 58.45 million CNY and has achieved a return of 33.93% since its inception [2] Group 3 - The fund manager of the Fortune Fund's ETF is Su Huaqing, who has been in the position for nearly two years, managing assets totaling 19.17 billion CNY, with the best fund return during his tenure being 119.06% [3]

Core Viewpoint - Shanghai Pylon Energy Technology Co., Ltd. (Pylon Technology) has established a strategic partnership with Xupai Power Technology Co., Ltd. to provide over 1GWh of battery products, focusing on the development and commercialization of sodium and lithium battery applications [1][5]. Group 1: Strategic Cooperation - The collaboration aims to integrate resources and focus on start-stop batteries and lightweight power fields, enhancing technology research and market application [1][5]. - Both companies will work together to promote the commercialization of products in sodium battery start-stop and lithium battery lightweight power applications, contributing to a more resilient and sustainable ecosystem [1][5]. Group 2: Company Background and Capabilities - Pylon Technology has 16 years of experience in lithium battery technology, ensuring stable product quality, reliable performance, and controllable costs through its full-chain independent research and manufacturing capabilities [3][5]. - The company's products are sold in over 90 countries and regions globally, gaining trust from customers worldwide [3]. Group 3: Product Development and Market Expansion - Pylon Technology has achieved large-scale applications in lightweight power fields such as battery swapping, electric tricycles, and electric motorcycles, leveraging the advantages of high safety and long lifespan of its products [5]. - The company is actively developing sodium battery products, including NFS (sodium iron sulfate) and NFPP (composite sodium iron phosphate), for applications in energy storage, lightweight power, and automotive start-stop systems, with current market applications [5]. Group 4: Partner Profile - Xupai Power, a core subsidiary of Xupai Group, has nearly 30 years of industry experience and operates seven production bases across various regions, including Southeast Asia and Europe [5]. - The company focuses on the development and application of new energy power products, providing strong industrial support for the commercialization of sodium-lithium ion battery technology [5].

Summary of the Conference Call for Pylon Technologies Company Overview - Pylon Technologies started in the household energy storage sector and has vertically integrated its supply chain, possessing full independent research and production capabilities from battery cells to energy storage systems. The company has expanded into commercial storage, large-scale storage, electric tool battery cells, battery swapping, and two-wheeler markets, indicating a diversified business structure [2][5][19]. Industry Insights - The European household energy storage market has shown significant inventory reduction, with household battery cell prices rising due to supply shortages, indicating an improvement in supply-demand dynamics [2][6]. - The U.S. household energy storage market has experienced notable growth, with installations expected to reach 2.9 GWh in 2025, reflecting a 20% increase from 2024 [14]. - In Europe, major markets like Germany and Italy have seen declines in installation volumes, with Germany dropping from 5.5 GWh in 2023 to 4.9 GWh in 2024, and Italy from 3.7 GWh to 2.6 GWh, indicating a demand pullback despite some companies experiencing growth [15]. Financial Performance and Projections - Pylon Technologies expects to achieve a shipment volume of 4 GWh in 2025, representing a year-on-year growth of approximately 150%, driven by large storage orders and the two-wheeler market [2][12]. - The company anticipates a 50%-60% increase in shipment volume in 2026, reaching 6-7 GWh, with potential profits of 1.2 to 1.4 billion yuan if unit profitability returns to 0.2 yuan per watt-hour [13]. - The first half of 2025 saw a significant shift in the company's business structure, with household storage accounting for about 50% of shipments, down from 80% in previous years, while commercial storage and two-wheeler markets contributed significantly [9][12]. Product Margins and Pricing - Household storage products have the highest gross margins, followed by commercial storage, large storage, and two-wheeler products. The pricing for household battery cells in the domestic market is approximately 0.4 yuan per watt-hour, while overseas prices can be double that [10][19]. - The company’s products are priced 20%-40% lower than competitors like Samsung and Sony, providing a competitive edge in the global distributed energy storage market [3][16]. Capacity and Production - Pylon Technologies currently has a lithium-ion battery cell production capacity of 12 GWh and plans to add 10 GWh in Anhui, with the first phase of 5 GWh already operational. By the end of 2026, total capacity is expected to reach 19 GWh, plus 1 GWh of sodium batteries [17][18]. Market Position and Competitiveness - Pylon Technologies has demonstrated superior system output stability and lifecycle performance compared to many competitors, although slightly behind Samsung and Sony. The company has established partnerships with well-known brands in the UK and Germany for distribution [16][19]. Market Sentiment - The market has shown increased interest in Pylon Technologies, with a notable 20% stock price increase recently, indicating a shift in investor attention after a period of relative obscurity [4]. This summary encapsulates the key points from the conference call, highlighting Pylon Technologies' strategic positioning, market dynamics, financial outlook, and competitive advantages in the energy storage industry.

Group 1 - The closing price of Pylon Technologies (688063) on September 30 was 74.24 CNY, reaching the daily limit up with a trading volume of 1.779 billion CNY and a turnover rate of 10.25% [1][2] - The stock was listed on the daily trading list due to a price increase of 15% at the close [1] - The top five trading departments accounted for a total transaction of 552 million CNY, with a net buying amount of 111 million CNY [1][2] Group 2 - The main capital inflow for the stock was 131 million CNY throughout the day [2] - The largest buying department was the Shanghai Stock Connect, with a buying amount of 213.82 million CNY [2] - The largest selling department was also the Shanghai Stock Connect, with a selling amount of 139.12 million CNY [2]

Core Insights - The battery sector experienced a significant increase of 2.24% on the trading day, with Pylon Technologies leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Battery Sector Performance - Pylon Technologies (688063) saw a closing price of 74.24, with a remarkable increase of 19.99% and a trading volume of 251,500 shares, amounting to a transaction value of 1.779 billion [1] - Other notable performers included: - Fulin Precision (300432) with a closing price of 22.22, up 19.98%, and a transaction value of 509.8 million [1] - Defang Nano (300769) closed at 46.31, up 12.79%, with a transaction value of 2.106 billion [1] - Hunan YN (301358) closed at 60.42, up 12.01%, with a transaction value of 2.770 billion [1] Capital Flow Analysis - The battery sector experienced a net outflow of 208 million from institutional investors, while retail investors contributed a net inflow of 1.632 billion [2][3] - The capital flow for key stocks included: - EVE Energy (300014) with a net inflow of 528 million from institutional investors [3] - Fulin Precision (300432) saw a net outflow of 424 million from institutional investors [3] - Tianji Co. (002759) had a net inflow of 339 million from institutional investors [3]