Core Viewpoint - The article discusses the upcoming 2025 Fifth Electric Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit, highlighting the growth and trends in the global home energy storage market, particularly focusing on the data and forecasts provided by SPIR and overseas energy research institutions [2][18]. Summary by Sections Event Details - The event will take place on July 10-11, 2025, at the Shenzhen Baoan DENGXILU International Hotel, organized by Qidian Lithium Battery, Qidian Sodium Battery, and Qidian Two-Wheeled Vehicles and Battery Swap [2]. Global Home Energy Storage Market Overview - In 2024, the global home energy storage shipment volume is projected to reach 27.8 GWh, marking a 19% year-on-year increase. The market is expected to grow to 180 GWh by 2030, representing a 547% increase from 2024 [2][4]. Regional Market Analysis - **Europe**: In 2024, Europe is expected to ship 13 GWh of home storage, a 10% decline year-on-year. Key factors for this decline include falling electricity prices, reduced subsidies, and slower photovoltaic installations [5][6]. - **United States**: The U.S. market is projected to ship 3.5 GWh in 2024, a 48% increase, driven by tax credits, state subsidies, extreme weather, and rising electricity prices [6][10]. - **Ukraine**: Ukraine's home storage market is expected to grow rapidly, with shipments reaching 2.5 GWh in 2024, driven by infrastructure damage and rising electricity prices [7][9]. - **Japan**: Japan's home storage shipments are projected at 2 GWh in 2024, a 38% increase, supported by government subsidies and the expiration of feed-in tariff contracts [10][11]. - **Australia**: Australia is expected to ship 1.5 GWh in 2024, with growth driven by rising electricity prices and federal subsidy programs [12][13]. - **Africa**: Africa's home storage market is projected to reach 1.2 GWh in 2024, with South Africa leading and Nigeria emerging as a significant player [14][15]. Key Drivers of Demand - The demand for home energy storage is driven by factors such as rising electricity prices, government subsidies, and the need for energy security in regions with unreliable power infrastructure [6][7][14]. Chinese Market Insights - China is expected to dominate the global home energy storage market with a shipment volume of 21 GWh in 2024, accounting for 75% of the global total. The top ten companies in this sector include Huawei, BYD, and Airo Energy [16][17].

Core Viewpoint - The global commercial energy storage market is experiencing significant growth, with China expected to see a 55.9% increase in commercial energy storage system shipments in 2025, reaching 21.2 GWh, driven by rising electricity demand and advancements in technology [1][10]. Group 1: Market Growth and Demand - In 2024, China's commercial energy storage system shipment volume is projected to be 13.6 GWh, marking a 60% year-on-year increase [1]. - The domestic market is expected to reach 13.8 GWh in 2025, a 35.3% increase, while overseas shipments are anticipated to grow by 117.6%, reaching 7.4 GWh [10]. - The CR10 concentration in the commercial energy storage sector is 68%, indicating a relatively low industry concentration due to the rapid development and numerous players in the emerging market [7]. Group 2: Product Development and Pricing - The industry is transitioning towards higher capacity and lower cost products, with the mainstream energy storage system size shifting from 215 kWh to 261 kWh, and the cell capacity moving from 280 Ah to 314 Ah, expected to exceed 70% market share by 2025 [11]. - The average price of domestic commercial energy storage systems is projected to decrease from 0.8 CNY/Wh to 0.6 CNY/Wh by 2025, with the lowest prices potentially falling below 0.5 CNY/Wh [12]. Group 3: Regional Market Insights - The European market is expected to see significant growth, with effective demand projected to exceed 4 GWh in 2025, driven by clear pricing policies and quick return on investment [13]. - In Africa, demand is rapidly increasing due to unreliable power supply, with overall demand expected to reach GWh scale [13]. - Latin America is projected to have a demand of 0.5 GWh, primarily in Chile, Mexico, and Brazil, while the Middle East is still in the exploratory phase with an estimated output of around 100 MWh [13]. Group 4: Industry Competition and Consolidation - The commercial energy storage sector is facing intensified competition, leading to the potential elimination of weaker players, thereby increasing industry concentration [14].

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Shanghai Pylon Energy Technology Co., Ltd. (派能科技), indicating a decline in stock price and mixed capital flow [1][3] - As of June 20, 2025, the company's stock closed at 41.88 yuan, down 1.62%, with a trading volume of 32,000 hands and a transaction amount of 135 million yuan [1] - The latest quarterly report shows total revenue of 392 million yuan, a year-on-year increase of 1.72%, while net profit attributable to shareholders decreased by 1,054.23% to 38.17 million yuan [1] Group 2 - The company has a current liquidity ratio of 5.601 and a quick ratio of 5.100, indicating strong short-term financial health, with a debt-to-asset ratio of 20.54% [1] - Shanghai Pylon Energy has made investments in 10 companies and participated in 19 bidding projects, showcasing its active engagement in the market [2] - The company holds 141 trademark registrations and 501 patents, along with 24 administrative licenses, reflecting its commitment to innovation and compliance [2]

证券代码：688063 证券简称：派能科技 公告编号：2025-049 上海派能能源科技股份有限公司 关于持股 5%以上股东部分股份解除质押及质押 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、准确性和完整性依法承担法律责任。 重要内容提示: 截至 2025 年 6 月 19 日，上海派能能源科技股份有限公司（以下简称"公 司"）股东派锂（宁波）创业投资合伙企业（有限合伙）（以下简称"融科创投"） 持有公司股份 20,463,622 股，占公司总股本的 8.34%。 本次解除质押和质押完成后，公司股东融科创投累计质押公司股份 19,886,073 股，占其持股总数的 97.18%，占公司总股本的 8.10%。 公司于近日收到公司股东融科创投的通知，获悉其所持有公司的部分股份办 理了解除质押及质押登记手续，具体事项如下： 一、本次股份解除质押情况 融科创投于2025年6月19日收到中国证券登记结算有限责任公司出具的解 除质押的文件，其质押给山东省国际信托股份有限公司的无限售条件股份 2,150,000股已解除质押，具体情况如下： 单位：股 | 剩余 ...

Core Insights - The energy storage industry in China is experiencing explosive growth driven by the "dual carbon" goals, leading to a rapid restructuring of the competitive landscape [1] - Companies must build core competencies by maintaining strategic focus, strengthening technological barriers, and developing full-cycle service capabilities to lead high-quality industry development [1] Company Overview - Pylon Technologies has invested over 300 million yuan in R&D for three consecutive years and has established a cross-disciplinary team of over 700 people, achieving full-stack technical coverage from core materials to system integration and energy management systems [2] - The company has shipped over 2 million units globally, with project experience across various scenarios including source, grid, load, and isolated networks [2] Market Trends - The energy storage industry is transitioning from equipment supply to comprehensive services as the electricity market reform deepens [2] - The "new energy + energy storage" model is accelerating the replacement of traditional power sources, with the cost of solar plus storage approaching or even lower than coal power [5] - A third-party forecast predicts that the energy storage industry will maintain a high growth rate of 50% by 2025, shifting from price competition to value creation [5] Strategic Initiatives - Pylon Technologies is focusing on enhancing its full-cycle delivery capabilities, emphasizing value-added services in electricity trading [2] - The company has established a localized network with manufacturing bases in Yangzhou and Hefei, and branches in eight countries, covering over 90 countries and regions [2][4] - The Italian factory, set to be operational in 2024, will serve as a strategic hub to respond to European market demands [4] Industry Challenges - The current proportion of renewable energy generation is still below the required 70% for achieving a "main position" in the new power system, necessitating improvements in system regulation capabilities through energy storage [5] - Companies in the energy storage sector must balance short-term goals of cost optimization and scale application with long-term technological innovation to support high proportions of renewable energy consumption [5]

Core Viewpoint - The equity change is a result of Shanghai Pylon Energy Technology Co., Ltd. implementing its 2023 annual differentiated equity distribution and the controlling shareholder, ZTE New Communications Co., Ltd., fulfilling its previously disclosed shareholding increase plan, which does not trigger a mandatory takeover bid [1][5] Summary of Equity Change - ZTE New's shareholding increased from 43,218,677 shares to 61,339,813 shares, raising its ownership percentage from 24.61% to 25.00% after the equity change [2][4] - The company distributed a cash dividend of 10.40 yuan per 10 shares (tax included) and increased shares by 4 shares for every 10 shares held, resulting in a total share capital of 245,359,249 shares after excluding 1,294,043 shares held in the repurchase account [2][4] - ZTE New acquired an additional 833,665 shares between April 22 and June 16, 2025, representing 0.34% of the total share capital [2][4] Information on ZTE New Communications Co., Ltd. - ZTE New is a limited liability company engaged in machine vision system integration, optical instruments, industrial cameras, high-end machinery design and production, and technology services [3][4] - The company is located in Shenzhen, with a registered capital of 100 million yuan and was established on April 29, 1993 [3]

| （含税），以资本公积金向全体股东每 | 10 4 股转增 | | | --- | --- | --- | | 股。以 | 扣除上市 公司回购 专用证券 账户中股 份数 | | | 算，合计转增股本 | 69,732,916 股。此次为差异化权 | | | 益分派 | ，权益分 派实施后 上市公司 总股本变 更为 | | | 本的比例由 | 24.61%增加至 24.66%。 | | | 本次权益变动 指 | | | | 资金人民币 | 2,675.97 万元，通过上海证券交易所交 | | | 易系统以集中竞价交易方式增持公司股份 | 750,000 | | | 股，占公司总股本的 | 0.31%。上市公司控股股东中 | | | 兴新拟自 2025 | 年 4 月 22 日起 12 个月内，通过上海 | | | 证券交易所交易系统以集中竞价、大宗交易等方式 | | | | 继续增持公司股份，增持总金额（含 | 2025 年 4 月 22 | | | 日已增持金额）不低于人民币 | 5,000 万元（含）且不 | | | 高 于 人 民 | 币 10,000 万 元 （ 含 ） 。 2025 年 6 | 月 ...

Core Viewpoint - The financial advisor, Guotai Junan Securities Co., Ltd., has conducted a thorough review of the detailed equity change report for Shanghai PAI Neng Energy Technology Co., Ltd., confirming the authenticity and completeness of the disclosed information [1][6][24]. Summary by Sections Financial Advisor's Responsibilities - The financial advisor has fulfilled its due diligence obligations and believes there are no substantial discrepancies between its professional opinions and the information disclosed by the obligated party [2][6]. - The advisor emphasizes that its review does not constitute investment advice and that it bears no responsibility for any investment decisions made by investors based on its opinions [2][6]. Equity Change Details - The equity change involves a cash dividend distribution of 10.40 yuan per 10 shares and a capital reserve increase, resulting in a total share capital change to 245,359,249 shares [5][14]. - The controlling shareholder, Zhongxing New, increased its shareholding from 43,218,677 shares (24.61%) to 60,506,148 shares (24.66%) following the equity change [5][15]. Financial Performance of the Obligated Party - The obligated party, Zhongxing New, has shown a steady financial performance over the last three years, with total assets increasing from 19,432.46 million yuan to 22,496.42 million yuan [10]. - The net profit for the last three years was reported as 881.51 million yuan, 964.69 million yuan, and 790.44 million yuan, respectively [10]. Compliance and Governance - Zhongxing New has not faced any administrative or criminal penalties in the last five years, indicating a strong compliance record [11]. - The management team of Zhongxing New has not been involved in any significant legal disputes or penalties related to the securities market [11]. Future Plans and Independence - The obligated party does not plan to change the main business operations of Shanghai PAI Neng in the next 12 months and aims to maintain the company's independence [17][19]. - There are no plans for significant adjustments to the management team or the company's articles of association [18][19]. Related Transactions and Conflicts of Interest - The equity change will not introduce new competition, and Zhongxing New has committed to avoiding any conflicts of interest with Shanghai PAI Neng [19][20]. - Existing related transactions, such as property leasing and material sales, will continue to be conducted at market prices to ensure fairness [20]. Conclusion - The financial advisor concludes that the equity change complies with relevant laws and regulations, and the detailed equity change report is accurate and complete [24].

上海派能能源科技股份有限公司 详式权益变动报告书 上海派能能源科技股份有限公司 详式权益变动报告书 权益变动性质：持股比例被动增加（差异化权益分派）、股份增加 （集中竞价） 签署日期：二〇二五年六月 上市公司：上海派能能源科技股份有限公司 股票简称：派能科技 股票代码：688063 股票上市地点：上海证券交易所 信息披露义务人：中兴新通讯有限公司 住所：深圳市罗湖区****** 通讯地址：深圳市罗湖区****** 上海派能能源科技股份有限公司 详式权益变动报告书 信息披露义务人声明 一、本报告书依据《中华人民共和国证券法》《上市公司收购管理办法》 《公开发行证券的公司信息披露内容与格式准则第 15 号—权益变动报告书》 《公开发行证券的公司信息披露内容与格式准则第 16 号—上市公司收购报告书》 《证券期货法律适用意见第 19 号—＜上市公司收购管理办法＞第十三条、第十 四条的适用意见》及其它相关法律、法规和规范性文件的要求编制。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》《证券期 货法律适用意见第 19 号—＜上市公司收购管理办法＞第十三条、第十四条的适 用意见》的规定，本报告书已全面披露信息 ...

本次权益变动前后，中兴新均为公司控股股东，本次权益变动不会使公司 控股股东发生变化。 证券代码：688063 证券简称：派能科技 公告编号：2025-048 上海派能能源科技股份有限公司 关于控股股东权益变动触及5%整数倍的提示性公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 本次权益变动为上海派能能源科技股份有限公司（以下简称"派能科技" 或"公司"）实施2023年年度差异化权益分派和控股股东中兴新通讯有限公司 （以下简称"中兴新"或"信息披露义务人"）履行此前披露的增持计划增持股 份所致，不触及要约收购。 本 次 权 益 变 动 后 ， 中 兴 新 持 有 公 司 股 份 数 量 由 43,218,677 股 增 加 至 61,339,813股，占公司总股本比例由24.61%增加至25.00%，触及5%的整数倍。 公司于 2025 年 6 月 16 日收到中兴新出具的《告知函》和《详式权益变动报 告书》，2024 年 6 月 21 日，公司实施 2023 年年度权益分派，以资本公积金向全 ...