证券代码：688063 证券简称：派能科技 公告编号：2024-032 上海派能能源科技股份有限公司 关于第二期以集中竞价交易方式回购公司股份的进展 公告 具 体 内 容 详 见 公 司 于 2024 年 2 月 20 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）上披露的《关于推动公司"提质增效重回报"暨第二期以集 中竞价交易方式回购公司股份的回购报告书》（公告编号：2024-010）。 1 / 2 二、 回购股份的进展情况 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： | 回购方案首次披露日 | 2024/2/20 | | --- | --- | | 回购方案实施期限 | 2024/2/19~2025/2/18 | | 预计回购金额 | 万元 10,000 万元~20,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 226,200 | | 累计 ...

2024年5月3日 公司研究 户储市场去库业绩承压，24Q1 盈利改善 ——派能科技（688063.SH）2023 年年报及 2024 年一季报点评 要点 增持（下调） 当 前价：79.22元 事件：派能科技2023年营业收入为32.99亿元，同比-45.13%；实现归母净利 润5.16亿元，同比-59.49%；实现扣非归母净利润4.48亿元，同比-64.50%。 23Q4实现营收2.5亿元，同比-89.77%，环比-49.18%；归母净利润-1.39亿元、 作者 扣非归母净利润-1.72亿元，同比转亏，环比亏损扩大。 分析师：殷中枢 2024Q1营业收入为3.86亿元，同比下降79.05%，环比增长54.11%；实现归 执业证书编号：S0930518040004 母净利润0.04亿元，同比下降99.13%，环比转正。 010-58452063 yinzs@ebscn.com 点评： 分析师：陈无忌 家储市场增速放缓，公司开拓工商储领域：部分国家和地区补贴退坡、海外下游 执业证书编号：S0930522070001 渠道商去库、竞争加剧等因素，家储市场增速阶段性放缓，公司2023年储能软 021-5252369 ...

Group 1: Company Performance and Market Strategy - In 2023, the company experienced a significant decline in overall performance, but there is confidence in improvement for 2024 based on second-quarter orders and customer communications [1] - The company aims to expand its overseas market presence in regions such as Japan and Australia while increasing participation in the domestic market, particularly in South China and East China [2] - Despite a decline in overall performance, the shipment volume of large energy storage products has seen exponential growth [2] Group 2: Inventory and Market Conditions - The energy storage industry faced high inventory levels in 2023 due to supply chain issues, but the European household energy storage market remains stable without significant growth or decline [2] - The company is optimistic about demand and installation conditions for Q2 and Q3 of 2024, indicating a positive outlook for inventory digestion [2] Group 3: Product Development and Technological Advancements - The company has been involved in the household energy storage market for over ten years and has made significant advancements in large-scale energy storage systems [3] - Sodium battery products are being developed for both commercial and household markets, with plans to supply hundreds of megawatt-hours in 2024 [4] - The company is focused on reducing sodium battery costs and enhancing commercial viability, leveraging its advantages in low-temperature performance [4] Group 4: Pricing Strategy and Market Competition - The pricing strategy for products is influenced by the rebound in lithium carbonate prices, with adjustments based on global market conditions [5] - The company has maintained a stable business volume by avoiding irrational competition in the market, despite fluctuations in the supply chain [5] - The energy storage market is experiencing intense competition, but this presents opportunities for industry leaders to solidify their market positions [5]

Summary of Conference Call Company/Industry Involved - The conference call is related to the animal securities research industry, specifically addressing institutional investors and invited clients. Core Points and Arguments - The content of the call emphasizes that the opinions expressed by third-party experts are personal views and do not constitute judgments or investment advice regarding specific securities at particular price points or market conditions [1] Other Important but Possibly Overlooked Content - The call includes a reminder that unauthorized recording, forwarding, or interpretation of the information presented is strictly prohibited, highlighting the confidentiality and sensitivity of the information shared [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The Q1 performance met market expectations with revenue of 390 million yuan, showing a year-on-year decrease of 79% and a quarter-on-quarter increase of 54%. The net profit attributable to the parent company was 4 million yuan, reflecting a year-on-year decrease of 99% and a quarter-on-quarter decrease of 103% [3] - The company expects Q1 shipments to reach 0.25 GWh, a quarter-on-quarter increase of 30%. By the end of Q2, channel inventory is anticipated to be gradually consumed, with a projected year-on-year growth rate of 40% for European household storage demand in 2024, leading to an expected shipment of 3 GWh, a year-on-year increase of 60% [3] - The company has turned a profit on a per watt-hour basis, with the average price expected to be around 1.7-1.8 yuan (including tax), a quarter-on-quarter increase of approximately 15%. If the equity cost of 10 million yuan is added back, the profit per watt-hour is around 0.05 yuan, indicating a turnaround to profitability [3] - Capital expenditures have significantly decreased, with inventory remaining stable. In Q1 2024, total expenses were 120 million yuan, down 29% year-on-year and up 29% quarter-on-quarter. The inventory was 700 million yuan, a decrease of 70 million yuan from the beginning of the year [3] - The profit forecast for 2024-2026 is maintained at 370 million, 530 million, and 740 million yuan respectively, with corresponding P/E ratios of 38x, 27x, and 19x. Given the company's position as a global leader in household storage and the gradual recovery of demand in Europe, the "Buy" rating is upheld [3] Financial Summary - Total revenue for 2023 is projected at 3,299 million yuan, with a year-on-year decrease of 45.13%. For 2024, revenue is expected to be 3,922 million yuan, reflecting an 18.88% increase [2][3] - The net profit attributable to the parent company for 2023 is forecasted at 515.64 million yuan, a year-on-year decrease of 59.49%, while for 2024, it is expected to be 368.54 million yuan, a decrease of 28.53% [2][3] - The latest diluted EPS for 2023 is projected at 2.94 yuan per share, with an expected decrease to 2.10 yuan in 2024 [2][3] - The company's total assets are estimated to reach 12,131 million yuan in 2023, increasing to 13,266 million yuan in 2024 [8]

Financial Performance - The company's operating revenue for Q1 2024 was ¥385,579,683.51, representing a decrease of 79.05% compared to the same period last year[4] - The net profit attributable to shareholders was ¥4,000,435.14, down 99.13% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥8,428,633.45, a decline of 101.85% compared to the previous year[4] - The net cash flow from operating activities was ¥210,254,481.05, down 78.56% year-on-year[4] - Basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 99.27% compared to the same period last year[6] - Total revenue for Q1 2024 was ¥385,579,683.51, a significant decrease from ¥1,840,676,935.98 in Q1 2023[19] - In Q1 2024, the company reported a net profit of CNY 3,951,860.14, a significant decrease compared to CNY 461,900,491.35 in Q1 2023[21] - The total operating profit for Q1 2024 was CNY -7,281,256.64, contrasting with CNY 552,097,377.51 in the same period last year[21] - The company reported a basic earnings per share of CNY 0.02, compared to CNY 2.74 in the same quarter last year[22] - The total comprehensive income for Q1 2024 was CNY 3,254,154.48, a sharp decline from CNY 461,900,491.35 in Q1 2023[22] Cash Flow and Liquidity - Cash and cash equivalents increased to ¥4,890,002,218.92 from ¥4,286,503,593.82 as of December 31, 2023[16] - The ending cash and cash equivalents balance was approximately $2.69 billion, compared to $6.78 billion at the end of the previous year, showing a decrease in liquidity[25] - The cash flow from operating activities was not detailed, but the overall cash position improved with a net increase of approximately $840.88 million[25] - The net cash inflow from investment activities was approximately $4.77 billion, compared to $1.50 billion in the previous year, indicating a significant increase[25] - The net cash outflow from financing activities was approximately $58.37 million, a decrease from $95.73 million year-over-year, reflecting improved cash management[25] - The net cash flow from investment activities was approximately $669.86 million, a turnaround from a negative cash flow of $610.78 million in the previous year[25] - The company received approximately $15 million from borrowings, indicating continued reliance on debt financing[25] - The cash outflow for financing activities included approximately $64,930 in dividend payments, reflecting ongoing shareholder returns despite reduced cash flow[25] Research and Development - Total R&D investment amounted to ¥93,582,948.33, which is 24.27% of operating revenue, an increase of 17.67 percentage points year-on-year[6] - Research and development expenses amounted to CNY 93,582,948.33, down from CNY 121,570,812.47 in Q1 2023, indicating a reduction of approximately 23%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,334[10] - The top ten shareholders held a total of 7,726,025 shares, representing 4.40% of the total shares[12] - The company reported a total of 1,081,042 shares held by the China Agricultural Bank Co., Ltd. - CSI 500 ETF, representing 0.62% of the total shares[12] - The company repurchased a total of 226,200 shares, accounting for 0.129% of the total share capital, with a total expenditure of RMB 19.72 million[14] - The highest repurchase price was RMB 89.81 per share, and the lowest was RMB 80.66 per share[14] - The company plans to utilize repurchased shares for equity incentives or employee stock ownership plans in the future[14] Market Conditions and Challenges - The company experienced a significant decline in revenue due to reduced demand in the household energy storage market and the impact of subsidy policy adjustments[9] - The company faced challenges due to changes in macroeconomic conditions and a slowdown in market demand, impacting revenue and sales volume[14] - The company is at risk of operational pressure and potential losses if macroeconomic conditions worsen or if it fails to maintain customer relationships[14] - The company reported a net profit margin decline due to reduced revenue and increased costs, reflecting ongoing market challenges[19] - The company has seen a recovery in production and sales compared to the previous quarter, indicating a potential positive trend moving forward[14] - The company is focusing on new product development and market expansion strategies to improve future performance[19] Asset Management - Total assets at the end of the reporting period were ¥11,948,292,355.95, a decrease of 1.50% from the end of the previous year[6] - Total assets decreased to ¥11,948,292,355.95 from ¥12,130,848,098.25 as of December 31, 2023[18] - Total liabilities decreased to ¥2,449,461,258.97 from ¥2,600,562,363.28 as of December 31, 2023[18] - Non-current assets remained stable at ¥3,480,264,398.37 compared to ¥3,480,224,526.03 as of December 31, 2023[17] - Inventory slightly decreased to ¥702,181,466.02 from ¥706,897,279.20 as of December 31, 2023[16] Non-Recurring Gains and Losses - The company reported a loss in non-recurring gains and losses, with a total of ¥12,429,068.59 after tax[8]

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： 截至本公告披露日，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）（曾用名：派锂（厦门）科技 合伙企业（有限合伙）、黄石融科创新投资基金中心（有限合伙），以下简称"融 科创投"）持有公司股份 21,873,364 股，占公司总股本的 12.45%。 公司股东融科创投本次质押股份 6,752,195 股，占其持股总数的 30.87%， 占公司总股本的 3.84%。本次质押后，其累计质押公司股份 11,652,195 股，占 其持股总数的 53.27%，占公司总股本的 6.63%。 一、本次股份质押情况 公司于近日接到公司股东融科创投通知，获悉其所持公司的部分股份被质押， 具体事项如下： | | 是否为控 | 本次质押 | 是否 | 是否 | | | | 占其 所持 | 占公 司总 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

上海派能能源科技股份有限公司 关于参加2023年度科创板电池专场业绩说明会暨2024 年第一季度业绩说明会的公告 证券代码：688063 证券简称：派能科技 公告编号：2024-030 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： （http://roadshow.sseinfo.com/） 投资者可于 2024 年 5 月 8 日（星期三）16:00 前通过邮件、电话等形式 将需要了解和关注的问题提前提供给公司。公司将在本次业绩说明会上对投资者 普遍关注的问题进行回答。 上海派能能源科技股份有限公司（以下简称"公司"）分别于 2024 年 4 月 12 日、2024 年 4 月 27 日发布公司《2023 年年度报告》《2024 年第一季度报告》， 为便于广大投资者更全面深入地了解公司 2023 年年度及 2024 年第一季度经营成 果、财务状况、发展理念，公司将参加由上海证券交易所主办的 2023 年度科创板 电池专场业绩说明会，此次活动将采用线上文字互动的方式举行，投资者可登录 上海证券交易所上证路 ...

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 首次公开发行股票并在科创板上市之保荐总结报告书 中信建投证券股份有限公司（以下简称"保荐机构"、"中信建投证券"） 作为上海派能能源科技股份有限公司（以下简称"派能科技"、"发行人"或"公 司"）首次公开发行股票并在科创板上市持续督导工作的保荐机构，持续督导期 限截至 2023 年 12 月 31 日止，目前持续督导期限已经届满。中信建投证券根据 《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》等 法规和规范性文件的相关规定，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 | 上市公司名称 | 上海派能能源科技股份有限公司 | | --- | --- | | 证券代码 | 688063.SH | 1 | 注册资本 | 元 175,626,333.00 | | --- | --- | | 注册地址 | 中国（上海）自由贸易试验区祖冲之路 887 弄 71-72 号 5 层 | | 主要办公地址 | 中国（上海）自由贸易试验区祖冲之路 887 弄 71-72 号 5 层 | | 法定代表人 | 韦在胜 | | 实际控制人 | 无 ...

Investment Rating - The investment rating for the company is upgraded to "Outperform" [2][5]. Core Views - The report indicates that the industry destocking has led to a decline in performance, but the company's comprehensive strength ensures its long-term competitiveness [1][5]. - The company's revenue and profit have both decreased year-on-year due to industry destocking, with 2023 revenue at 3.299 billion yuan, down 45.1%, and net profit at 516 million yuan, down 59.5% [5][7]. - The report anticipates a recovery in shipments starting in the second half of 2024 as inventory levels normalize [5][6]. Financial Summary - In 2023, the company achieved a revenue of 3.299 billion yuan, a decrease of 45.1% year-on-year, and a net profit of 516 million yuan, down 59.5% [5][7]. - The gross margin for 2023 was 32.1%, a decline of 2.5 percentage points year-on-year [7]. - The company expects net profits for 2024 and 2025 to be 435 million yuan and 637 million yuan, respectively, with an EPS of 2.48 yuan for 2024 [5][7]. - The total assets of the company are projected to reach 15.765 billion yuan by 2024, with total liabilities of 5.799 billion yuan [8]. Product and Market Position - The company generated 3.25 billion yuan in revenue from energy storage systems in 2023, down 45.2% year-on-year, with a gross margin of 31.65% [6]. - The company sold 1,874.53 MWh of soft-pack batteries in 2023, a decrease of 46.92% year-on-year, with an inventory of 605.81 MWh at the end of the year [6]. - The company is actively expanding its commercial energy storage product sales, launching a 200 kWh integrated energy storage cabinet product in 2023 [6].