上海派能能源科技股份有限公司 为持续完善上海派能能源科技股份有限公司（以下简称"公司"）长效激励 机制，建立、健全激励与约束相结合的中长期激励机制，充分调动公司员工的积 极性，有效地将股东利益、公司利益和核心团队个人利益结合在一起，促进公司 持续发展。通过持续推动中长期激励机制，进一步完善公司薪酬激励体系，增强 公司凝聚力。确保公司发展战略的有效落地和经营目标的高质量实现，在充分保 障股东利益的前提下，按照收益与贡献对等的原则，根据《中华人民共和国公司 法》《中华人民共和国证券法》《上市公司股权激励管理办法》《上海证券交易 所科创板股票上市规则》《科创板上市公司自律监管指南第 4 号——股权激励信 息披露》等有关法律、行政法规、规范性文件以及《上海派能能源科技股份有限 公司公司章程》的规定，制定并拟实施公司 2025 年限制性股票激励计划（以下 简称"本激励计划"或"限制性股票激励计划"）。 为保障本激励计划的顺利实施，现根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司股权激励管理办法》《上海证券交易所科创板股票 上市规则》等法律、法规和规范性文件、以及《上海派能能源科技股份有限公司 章程》的 ...

注： 上海派能能源科技股份有限公司 2025 年限制性股票激励计划激励对象名单 | 姓名 | 国籍 | 职务 | 获授的限制性股票数量 | 获授限制性股 | 获授限制性 | | --- | --- | --- | --- | --- | --- | | | | | （万股） | 票占授予总量 | 股票占当前 | | | | | | 的比例 | 总股本比例 | | | | | 一、董事、高级管理人员、核心技术人员 | | | | 谈文 | 中国 | 董事、总裁 | 12.00 | 2.40% | 0.05% | | 张金柱 | 中国 | 董事 | 9.00 | 1.80% | 0.04% | | 宋劲鹏 | 中国 | 副总裁 | 10.00 | 2.00% | 0.04% | | 杨庆亨 | 中国 | 副总裁 | 10.00 | 2.00% | 0.04% | | 叶文举 | 中国 | 副总裁、财务 负责人、董事 会秘书 | 10.00 | 2.00% | 0.04% | | 蔡雪峰 | 中国 | 副总裁、核心 技术人员 | 10.00 | 2.00% | 0.04% | | 胡学平 | 中国 | 核心技术人员 ...

Financial Performance - The company reported a revenue of CNY 2,004.79 million for 2024, a decrease of 39.24% compared to the previous year[25]. - The net profit attributable to shareholders was CNY 41.11 million, down 92.03% year-on-year[26]. - The sales volume of the company's products was 1,521 MWh, representing an 18.90% decrease compared to the previous year[29]. - The net cash flow from operating activities was CNY 704.67 million, a decline of 34.26% year-on-year[26]. - The basic earnings per share were CNY 0.17, a decrease of 91.98% compared to the previous year[27]. - The company achieved operating revenue of CNY 2,004.79 million in 2024, a decrease of 39.24% year-on-year[36]. - The net profit attributable to shareholders was CNY 41.11 million, down 92.03% year-on-year[36]. - The sales volume of the company's products reached 1,521 MWh in 2024, with a continuous recovery in sales momentum[36]. - The company maintained its main business gross margin at a level similar to the previous year due to ongoing cost control and a steady decline in raw material prices[36]. - The company reported a significant increase in the global energy storage market, with new energy storage installations expected to reach 43.7GW/109.8GWh in 2024, representing a year-on-year growth of +103%/+136%[52]. Research and Development - Research and development expenses accounted for 17.22% of revenue, an increase of 5.54 percentage points from the previous year[27]. - The company holds 100 invention patents, 506 utility model patents, and 76 design patents, showcasing its strong R&D capabilities[43]. - The company has developed new battery technologies, including long-life cylindrical batteries and lithium iron phosphate soft-pack batteries, leading the industry in safety and lifespan[38]. - The company has developed a wide temperature range, high-rate soft-pack sodium-ion battery for start-stop applications, with a cycle life exceeding 8000 times in the home storage sector[39]. - The company has established a failure database for battery cells, utilizing big data to optimize performance for different usage scenarios, thereby improving overall battery performance[61]. - The company has developed a modular design and flexible configuration technology for energy storage solutions, enabling compatibility with various complex application scenarios and enhancing system integration capabilities[62]. - The company has improved the cycle life of its lithium iron phosphate batteries by over 20% through self-developed pre-lithium and low lithium consumption technologies, predicting a cycle life of 15,000 times and a lifespan of nearly 20 years by 2024[61]. Market Strategy and Expansion - The company established a global marketing management system with subsidiaries and representative offices, enhancing its international market presence[38]. - The company is actively exploring new business models and strategic partnerships to enhance its market position and address challenges[38]. - The company is focusing on vertical integration across the energy storage supply chain, providing comprehensive solutions from battery cells to system integration[79]. - The company aims to consolidate its European strategic position while accelerating localization in emerging markets in Asia, Africa, and Latin America by 2025[151]. - The company plans to enter the European market by Q1 2024, with an initial investment of 50 million RMB[172]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[172]. Governance and Management - The board of directors has established specialized committees, including the audit committee, with independent directors holding a majority[161]. - The company has maintained independence from its controlling shareholders, with no significant adverse effects from industry competition reported[162]. - The company’s governance practices comply with relevant laws and regulations, with no major discrepancies noted[161]. - The company has a total of 2,114 employees, with 599 in the parent company and 1,515 in major subsidiaries[188]. - The company emphasizes training programs to enhance employees' professional skills and support strategic goals[191]. - The company has a significant focus on R&D, with key personnel having extensive experience in technology and finance[165]. Financial Policies and Dividends - The company plans to distribute a cash dividend of RMB 4.50 per 10 shares (including tax), totaling approximately RMB 107.71 million based on a share capital of 239,360,729 shares after accounting for repurchased shares[8]. - The company maintains a profit distribution policy prioritizing cash dividends, with a minimum of 35% of the net profit to be distributed as cash dividends under normal circumstances[194]. - The total amount used for share repurchase in 2023 was RMB 94,884,827.30, which is considered as cash dividend, leading to a total cash dividend amount of RMB 276,190,408.90, accounting for 53.56% of the net profit attributable to shareholders[198]. - The company intends to distribute a cash dividend of RMB 4.50 per 10 shares for the year 2024, totaling RMB 107,712,328.05, pending approval from the shareholders' meeting[199]. - The company has established a continuous and stable profit distribution policy, ensuring reasonable returns to investors while considering sustainable development[193]. Operational Challenges - The company faced significant pressure on sales prices for its energy storage products due to global economic conditions and intensified industry competition[29]. - The company has not yet achieved profitability since its listing[6]. - The company has outlined various operational risks in the report, urging investors to pay attention to investment risks[6]. - The company faces risks related to intellectual property rights, including potential infringement and litigation costs, which could negatively impact its business development[88]. - The company relies on vertical integration for key components in the energy storage supply chain, and fluctuations in raw material prices could adversely affect its operations[90]. Social Responsibility and Sustainability - The company is committed to social responsibility, actively participating in charitable activities and contributing to sustainable development[42]. - The management team emphasized a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[172].

一、募集资金基本情况 根据中国证券监督管理委员会《关于同意上海派能能源科技股份有限公司首 次公开发行股票注册的批复》（证监许可〔2020〕3174号），同意公司首次公开 发行股票的注册申请。并经上海证券交易所同意，公司首次向社会公众公开发行 人民币普通股（A股）股票38,711,200股，发行价为每股人民币56.00元，募集资金 总额为人民币2,167,827,200.00元，扣除发行费用（不含税）人民币153,858,666.82 元后，实际募集资金净额为人民币2,013,968,533.18元。上述募集资金已全部到位， 由天健会计师事务所（特殊普通合伙）审验，并于2020年12月24日出具《验资报 告》（天健验〔2020〕637号）。为规范公司首次公开发行股票募集资金管理和使 用，保护投资者权益，公司设立了相关募集资金专项账户。募集资金到账后，已 全部存放于经公司董事会批准开设的募集资金专项账户内，公司及全资子公司与 保荐机构、存放募集资金的商业银行签署了《募集资金专户存储三方监管协议》。 中信建投证券股份有限公司 关于上海派能能源科技股份有限公司 使用部分超额募集资金永久补充流动资金的核查意见 中信建投 ...

上海派能能源科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了上海派能能源科技股份有限公司（以下简称派能科技公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是派能 科技公司董事会的责任。 目 录 一、内部控制审计报告…………………………………………第 1—2 页 内部控制审计报告 天健审〔2025〕4111 号 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 天健会计师事务所（特殊普通合伙） 中国注册会计师： 中国·杭州 中国注册会计师： 二〇二五年四月十一日 二、注册会计师的责任 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降 ...

目 录 一、募集资金年度存放与使用情况鉴证报告………………………第 1—2 页 二、募集资金年度存放与使用情况的专项报告………………第 3—15 页 募集资金年度存放与使用情况鉴证报告 天健审〔2025〕4112 号 上海派能能源科技股份有限公司全体股东： 我们鉴证了后附的上海派能能源科技股份有限公司（以下简称派能科技公司） 管理层编制的《2024 年年度募集资金存放与实际使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供派能科技公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为派能科技公司年度报告的必备文件，随同其他文件一 起报送并对外披露。 二、管理层的责任 派能科技公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》（证监会公告〔2022〕15 号）和《上海证券交易所科创板上市公司自 律监管指引第 1 号——规范运作（2023 年 12 月修订）》（上证发〔2023〕194 号）的规定编制《2024 年年度募集资金存放与实际使用情况的专项报告》，并 保证其内容真实、 ...

中信建投证券股份有限公司关于 上海派能能源科技股份有限公司调整使用部分暂时闲置募 集资金和自有资金进行现金管理额度及期限的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作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"）首次 公开发行股票并在科创板上市以及 2022 年度向特定对象发行 A 股股票的保荐机 构，根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上 市公司募集资金管理和使用的监管要求》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相关法 律法规的要求，对派能科技调整使用部分暂时闲置募集资金和自有资金进行现金 管理额度及期限事项进行了审慎核查，具体情况如下： 2025 年 1 月 3 日，公司召开第三届董事会第二十四次会议、第三届监事会 第十六次会议，分别审议通过了《关于使用部分暂时闲置募集资金和自有资金进 行现金管理的议案》，同意公司及子公司在保证不影响公司募集资金投资项目正 常实施、不影响公司正常生产经营以及确保募集资金安全的前提下，拟使用不超 过人民币 29 亿元（含本 ...

| 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 中兴新通讯有限公司 | 6050.61 | 24.66 | 不变 | | 派锂(宁波)创业投资合伙企业(有限合伙) | 2782.27 | 11.34 | 不变 | | 香港中央结算有限公司 | 487.17 | 1.99 | -554.61 | | 上海晢牂企业管理合伙企业(有限合伙) | 243.92 | 0.99 | -82.46 | | 共青城新维投资合伙企业(有限合伙) | 243.60 | 0.99 | 不变 | | 中国工商银行股份有限公司-博时上证科创板100交易型开 放式指数证券投资基金 | 170.59 | 0.70 | -29.68 | | 广发证券股份有限公司-鹏华上证科创板100交易型开放式 指数证券投资基金 | 140.42 | 0.57 | 新进 | | 招商银行股份有限公司-南方中证1000交易型开放式指数证 券投资基金 | 140.37 | 0.57 | 新进 | | 宁波中百（600857）股份有限公司 | 112 ...

Core Viewpoint - The article emphasizes the leadership of PAI Energy in the transition from lead-acid batteries to advanced battery solutions, particularly in the electric two-wheeler market, through innovative sodium-lithium technology and a diverse product lineup [1][7]. Product Offerings - PAI Energy has developed a comprehensive range of battery products tailored to user needs, including options for 60V and 72V voltage, and capacities ranging from 25Ah to 100Ah, catering to various applications such as electric two-wheelers and battery swapping [2][5]. - The company has launched five major product series: "大众优享" (Affordable Enjoyment), "动力先锋" (Power Pioneer), "续航卫士" (Endurance Guardian), "烈日行者" (Sun Walker), and "轻骑兵" (Light Cavalry), each designed to meet specific user requirements [4]. Technological Advancements - PAI Energy's lithium batteries significantly enhance energy density, weighing less than one-third of lead-acid batteries for the same volume, while also providing superior safety features that withstand punctures, overcharging, and thermal abuse [9]. - The sodium batteries from PAI Energy exhibit excellent over-discharge capabilities, maintaining charge for up to three months, and can operate effectively in low temperatures, with over 93% discharge efficiency at -20 degrees Celsius [10]. Market Impact - Within just over six months of entering the lightweight power sector, PAI Energy has successfully deployed thousands of battery sets in the market, receiving positive feedback from users, indicating a strong market acceptance and performance of their products [12].

第七届起点钠电论坛 暨钠电行业50强排行榜发布会 2025年3月28日·深圳宝安登喜路国际酒店2楼国际厅 1、钠电正极材料、负极材料、电解液、设备等产业链环节全面突破，钠电池电芯 性价比提升超预期，钠电迈向市场应用新征程。 2、钠电在增混电动汽车、低速电动车（两轮、三轮和四轮）、启动电源、工程机 械、储能、高速电摩及电动工具等领域多点开花，商业化应用爆发在即。 3、起点研究院（SPIR）钠电行业竞争力50强排行榜权威发布（覆盖钠电芯、设 备、材料等关键环节），展现行业标杆企业。 4、钠电行业最前沿技术探讨，最精准资源对接，最权威数据发布。 活动组织架构 2 活动名称： 第七届起点钠电论坛暨钠电行业50强排行榜发布会 举办地点： 深圳宝安登喜路国际酒店2楼国际厅 演讲及赞助单位： 中国电子技术标准化研究院 江苏隐功科技有限公司 深圳市金钠科技有限公司 易事特钠电科技（广东）有限公司 北京希倍动力科技有限公司 深圳市科迈罗光电技术有限公司 深圳珈钠能源科技有限公司 活动背景及亮点 1 活动主题： 技术成本突破 市场爆发元年 主办单位： 起点钠电、起点研究院（SPIR） 活动规模： 500+ 举办时间： 2025年 ...