证券代码：688411 证券简称：海博思创 公告编号：2025-029 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： ●本次行权股票数量：2,362,344股，占行权前公司总股本的比例为1.33%。 ●本次行权股票上市流通时间：本次行权股票自行权日起满三年可上市流 通，预计上市流通时间为2028年5月16日。 一、本次股票期权行权的决策程序及相关信息披露 2022年10月25日，公司召开第一届董事会第二十五次会议、第一届监事会第 六次会议，审议通过《关于<北京海博思创科技股份有限公司2022年股票期权激 励计划（草案）>及激励对象名单的议案》《关于<北京海博思创科技股份有限公 司2022年股票期权激励计划实施考核管理办法>的议案》《关于提请股东大会授 权董事会办理公司2022年股票期权激励计划相关事项的议案》等相关议案，独立 董事已就本期股票期权激励计划发表肯定意见。 2022年11月7日，公司召开第一届监事会第八次会议，审议通过《关于确认 北京海博思创科技股份有限公司2022年股票期权激励对象名单的议案 ...

北京海博思创科技股份有限公司 验 资 报 告 中国杭州市钱江新城新业路 8号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road, Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 午可的会计师事 您可使用手机"扫一扫"或进入"注册会 验 资 报 告 中汇会验[2025]7637号 北京海博思创科技股份有限公司: 我们接受委托,审验了贵公司截至2025年5月9日止新增注册资本及股本情况。 按照法律法规以及协议、合同、章程的要求出资,提供真实、合法、完整的验资资 料,保护资产的安全、完整是全体股东及贵公司的责任。我们的责任是对贵公司新 增注册资本及股本情况发表审验意见。我们的审验是依据《中国注册会计师审计准 则第1602号 -- 验资》进行的。在审验过程中,我们结合贵公司的实际情况,实施 了检查等必要的审验程序。 根据贵公司2022年10月25日召开的第一届董事会第二十五次会议和20 ...

Core Insights - The King Lake Independent Energy Storage Project by Haibosichuang has made significant progress, attracting widespread attention in the German energy storage industry since its inception [1] - The project aims to optimize local electricity distribution and enhance energy efficiency, providing a solid guarantee for the stable operation of the regional power system [1] Project Overview - The project was officially initiated in July 2024, with equipment arriving at the site in December 2024 and installation completed by February 2025, currently in trial operation [3] - The project has a scale of 10.35MW/22.36MWh and is equipped with the Haibosichuang HyperBlock II liquid cooling energy storage system, which boasts high maturity, safety, low Levelized Cost of Storage (LCOS), long lifespan, and strong environmental adaptability [3] - The system includes advanced fire safety measures and is supported by the Haibosichuang AI cloud platform for automatic inspection and remote operation, ensuring safe and stable operation of the energy storage station [3] Client and Market Position - The client, SF, is one of the largest electricity traders in the German market, chosen Haibosichuang for its comprehensive advantages, including extensive industry experience, leading market position, and high-quality production capabilities [5] - Haibosichuang's team has demonstrated rapid and professional responses to client needs, supported by a local operations team in Germany providing 24/7 service [6] Market Impact - As an independent energy storage station, the King Lake project will participate in local primary and secondary frequency regulation services and electricity market trading, playing a crucial role in stabilizing regional power supply and enhancing energy utilization efficiency [8] - The project is expected to significantly contribute to the German energy market and support local energy transition and sustainable development [8]

Core Viewpoint - Haibo Shichuang's first annual report post-IPO shows strong financial performance, indicating a promising future for the energy storage sector driven by renewable energy growth and supportive policies [1][2]. Financial Performance - In 2024, Haibo Shichuang achieved revenue of 8.27 billion yuan, a year-on-year increase of 18.44%, and a net profit of 648 million yuan, up 12.06%, with basic earnings per share at 4.86 yuan [1]. - The Q1 2025 report indicates revenue of 1.548 billion yuan, reflecting a 14.86% year-on-year growth [1]. Industry Growth and Trends - The National Energy Administration reported that in 2024, new renewable energy installations reached 373 million kilowatts, a 23% increase, accounting for 86% of new power installations [1]. - By the end of 2024, total renewable energy capacity in China reached 1.889 billion kilowatts, a 25% increase, with wind and solar power accounting for 1.408 billion kilowatts [1]. Storage Technology and Market Demand - The rise of renewable energy has increased the demand for energy storage solutions to address the intermittency and volatility of sources like wind and solar [1][4]. - Haibo Shichuang's storage systems are designed to mitigate issues such as "curtailment" of wind and solar power, enhancing the reliability and stability of the power system [4]. Strategic Initiatives - The company has launched a "Storage + X" strategy to explore new business models and applications across various sectors, including charging, oil fields, and data centers [4]. - Haibo Shichuang is expanding its manufacturing capabilities with new bases in regions like Gansu, aiming to support the growing demand for energy storage solutions [7]. Competitive Position - As of the end of 2024, Haibo Shichuang ranked first in the domestic energy storage system installation capacity, with a cumulative installed capacity of 73.76 million kilowatts [6][7]. - The company has established a comprehensive technology system from cell modeling to system integration, focusing on continuous innovation and R&D investment [7]. Future Outlook - The energy storage industry is expected to see significant growth opportunities, with a target of 30 million kilowatts of new storage capacity by 2025 as outlined in national policies [6]. - Haibo Shichuang aims to enhance its value management and collaborative innovation across the energy storage industry, contributing to a cleaner and more efficient energy system [8].

Core Viewpoint - Haibo Technology (688411, SH) has reported strong financial performance for 2024, achieving significant growth in both revenue and net profit, marking three consecutive years of high growth in these metrics [1][3]. Financial Performance - In 2024, Haibo Technology achieved revenue of 8.27 billion yuan, a year-on-year increase of 18.44%, and a net profit of 648 million yuan, up 12.06%. The basic earnings per share were 4.86 yuan. The company plans to distribute a cash dividend of 11 yuan per 10 shares (including tax) [3]. - The revenue scale reached a new high, with 2024 revenue of 8.27 billion yuan, continuing to grow from 2.626 billion yuan in 2022 and 6.982 billion yuan in 2023, solidifying its position as an industry leader [3]. - The overseas market saw a breakthrough, with overseas revenue of 539 million yuan, accounting for 6.53% of total revenue. The company is focusing on Europe, North America, the Middle East, and Asia-Pacific, expecting significant growth in the European market [3]. Profit Structure and Optimization - The net profit of 648 million yuan was achieved despite a 27.03% year-on-year decline in domestic energy storage system prices, indicating enhanced resilience in profitability [4]. - The company emphasizes technology-driven cost reduction and does not engage in low-price competition. The bidding process typically takes 3-9 months, allowing for further cost reduction opportunities [4]. - Continuous high investment in R&D, particularly in integrating AI with energy storage, has led to improved product performance through a comprehensive data model covering the entire lifecycle of energy storage systems [4]. Technical and Market Position - Haibo Technology has established itself as a leading provider of electrochemical energy storage systems, with a comprehensive technical system covering the entire lifecycle of energy storage batteries [7][8]. - The company has developed strong partnerships with major state-owned enterprises and power grid companies, enhancing its market position and customer base [7]. - The focus on deep customization in R&D has allowed the company to enhance overall system performance and create competitive barriers, ensuring a leading edge in technology and market adaptability [9]. Industry Outlook - The demand for energy storage is expected to grow significantly due to the increasing integration of renewable energy sources and the need for grid stability [10]. - Haibo Technology plans to continue its deep R&D efforts in core storage technologies and expand its global market presence, aiming for faster growth in the coming years [10]. - The integration of AI technology into energy storage systems is expected to enhance operational efficiency and safety management, positioning the company for future advancements in the industry [11].

Core Viewpoint - A new company, Baotou Bobo New Energy Technology Co., Ltd., has been established, focusing on renewable energy services such as power generation, wind power, solar power, and energy storage [1] Company Summary - The legal representative of the newly established company is Huang Zifeng [1] - The registered capital of the company is 1 million yuan [1] - The company is wholly owned by Haibo Sichuang through indirect shareholding [1] Industry Summary - The company's business scope includes services related to power generation technology, wind power technology, solar power technology, and energy storage technology, indicating a focus on the renewable energy sector [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the market benchmark within the next six months [5][17]. Core Insights - The company is experiencing accelerated overseas expansion and has a sufficient backlog of orders, which supports growth prospects, with a significant performance increase expected in 2025 [2][4]. - In 2024, the company achieved a revenue of 8.27 billion yuan, representing a year-on-year growth of 18.44%, and a net profit attributable to shareholders of 648 million yuan, up 12.06% year-on-year [3]. - The company's energy storage business is developing steadily, with a revenue of 8.19 billion yuan in 2024 and a gross margin of 18.22%, which is better than its peers [4]. - The company has a strong focus on technological innovation and cost reduction, which has led to an increase in R&D expenditure as a percentage of revenue [3][4]. - The company is strategically expanding into four key overseas regions: Europe, North America, the Middle East, and Asia-Pacific, with expectations of significant growth in the European market [4]. Financial Performance Summary - The company forecasts net profits of 820 million yuan, 1.075 billion yuan, and 1.25 billion yuan for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 27%, 31%, and 16% [5][6]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 4.61 yuan, 6.05 yuan, and 7.03 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 16, 12, and 11 [5][6]. - The company’s total revenue is expected to reach 12.06 billion yuan in 2025, with a growth rate of 46% [6].

事件：公司发布2024 年年报及2025 年一季报，2024 年实现营收82.70亿元，同比+18.44%，实现归母净 利6.48 亿元，同比+12.06%；2025Q1 公司实现营收15.48 亿元，同比+14.86%，实现归母净利0.94 亿 元，同比-40.60%，公司2025Q1 盈利同比下滑主要因为部分以前年度在手订单结转到上年同期执行并实 现收入对应毛利率相对较高，同时公司积极加大技术创新和产品降本的提质研发投入导致研发费用率上 升。 储能业务稳健发展，毛利率优于同业。公司2024 年实现储能业务收入81.93 亿元，实现销量 11.82GWh，对应单价0.69 元/Wh，毛利率18.22%优于同业。公司毛利率较优主要由于：①公司投标重 视利润，不以低价内卷为竞争策略；②公司重视技术降本，通常集采项目从中标到实施存在3-9个月的 周期，为具体项目进一步技术降本存在空间；③公司作为头部企业，采购具备规模化集采优势；④公司 生产计划注重结合项目运输半径、规模化制造等因素，进一步降低生产成本。地域分布方面，公司2024 年海外收入占比达6.51%，海外业务实现突破。 四大区域重点布局，海外业务有望发力。 ...

新华财经上海4月30日电（记者郭慕清）近日，海博思创（688411）发布了 2024 年年报，在过去一年业绩稳步增长，实现 了营收与净利润的双增长，交出了上市后的首份漂亮"成绩单"。 年报数据显示，2024 年海博思创实现营业总收入 82.70 亿元，同比增长 18.44%；归属于母公司所有者的净利润达 6.48 亿 元，同比增长 12.06%；基本每股收益为 4.86 元，同比增长 11.98%。 数据显示，报告期内，海博思创主要通过销售储能系统产品获取收入和利润。2024年，海博思创的储能业绩可圈可点：储 能行业营收81.93亿元，营收占比99%，同比增长18.27%。储能行业毛利率18.22%，同比减少1.19个百分点。 随着全球能源转型的加速，储能市场需求持续增长。海博思创在巩固国内市场优势的同时，积极拓展海外业务，订单呈规 模增长趋势。年报显示，公司已顺利交付了德国国王湖独立储能电站、芬兰分布式储能电站等海外项目，2024年，公司在 海外市场的营业收入为53871.40万元，毛利率为42.14%。 技术创新一直是海博思创发展的核心驱动力。数据显示，海博思创研发投入持续加大，公司2024年研发费用达2 ...

这是海博思创上市后的首份年报，股东分红也格外大方。作为比较，储能集成老大阳光电源 (300274.SZ)去年挣了110亿元，拟10派10.8元，合计派发22.1亿元，占其利润总额比重约两成。 今年1月27日，海博思创作为国内主营储能集成第一股，成功登陆科创板。 储能企业业务营收有一定的季节性特征。四季度，海博思创的利润达到3.34亿元，达到全年利润的一半 以上。同期经营活动产生的现金流量净额也最高，达到24.1亿元。 年报援引标普全球(S&P Global)统计，海博思创在2023年全球电池储能系统集成商新增储能装机排名中 位居前三，其中功率规模排名第二，能量规模排名第三。 根据中国电力企业联合会统计，截至2024年年底，国内已投运电站装机量排名中，海博思创位居第一。 智通财经记者｜马悦然 海博思创(688411.SH)交出了上市后的第一份全年财报。 去年，该公司实现营业收入82.7亿元，同比增长18.44%；净利润6.48亿元，同比增长12.06%。 海博思创拟向全体股东每10股派发现金红利11元（含税）。以此计算，其此次分红总额约1.96亿元，占 其利润总额的三成左右。 海博思创在研项目包括储能新技术产品 ...