孚能科技（688567.SH）2023年年报及2024年一季报点评 盈利承压，海外业务拓展迅速 2024年04月30日 ➢ 事件。2024 年4 月29 日，公司发布 2023 年年报及 2024 年一季报，23 推荐 维持评级 年公司全年实现营收164.36亿元，同比变动+41.84%，实现归母净利润-18.68 当前价格： 12.69元 亿元，同比变动-101.49%，扣非后归母净利润-17.41亿元，同比变动-73.75%。 ➢ 24Q1业绩拆分。营收和净利：公司2024Q1营收29.24亿元，同比-21.70%， [Table_Author] 环比-43.82%，归母净利润为-2.17亿元，同比+38.20%，环比+28.66%，扣非 后归母净利润为-1.84亿元，同比+49.63%，环比+29.22%。毛利率：2024Q1 毛利率为11.89%，同比+9.98pct，环比-2.35pct。净利率：2024Q1净利率为 -7.43%，同比+1.98pcts，环比-1.58pcts。费用率：公司 2024Q1 期间费用率 为17.85%，同比+7.81pcts，其中销售、管理、研发、财务费用率分别为4. ...

Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥2.92 billion, representing a decrease of 21.70% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of approximately ¥217.30 million, with a basic and diluted earnings per share of -¥0.18[4]. - The company reported a net loss of RMB 4,180,266,261.79 for the current period, compared to a loss of RMB 3,962,820,117.99 in the previous period[12]. - Net loss for Q1 2024 was CNY 217,296,159.17, an improvement from a net loss of CNY 351,598,174.42 in Q1 2023[13]. - The company reported a total comprehensive loss of CNY 215,432,615.64 for Q1 2024, compared to a loss of CNY 351,891,437.46 in Q1 2023[14]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately ¥1.12 billion[4]. - Cash flow from operating activities for Q1 2024 was negative CNY 1,115,950,967.03, compared to negative CNY 396,086,236.93 in Q1 2023[16]. - Cash and cash equivalents decreased to RMB 9,654,902,366.48 from RMB 11,327,914,832.63, representing a reduction of about 14.8%[11]. - Cash and cash equivalents at the end of Q1 2024 were CNY 3,416,737,600.52, down from CNY 4,321,177,306.34 at the end of Q1 2023[17]. - The company’s investment activities generated a net cash outflow of CNY 668,375,862.67 in Q1 2024, compared to a net outflow of CNY 414,872,423.48 in Q1 2023[16]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥29.08 billion, a decrease of 3.52% from the end of the previous year[5]. - Total assets as of March 31, 2024, amounted to RMB 29,084,449,528.03, a decrease from RMB 30,144,679,215.99 as of December 31, 2023[12]. - Current assets totaled RMB 18,099,761,687.26, down from RMB 19,740,025,044.57 in the previous period, indicating a decline of approximately 8.3%[11]. - Total liabilities as of March 31, 2024, were RMB 18,929,120,067.48, down from RMB 19,760,062,830.54, a decrease of about 4.2%[12]. - Short-term borrowings decreased to RMB 1,747,160,608.03 from RMB 1,908,536,782.97, a decline of approximately 8.4%[12]. Shareholder Information - The top ten shareholders held a combined 66.77% of the company's shares, with Farasis Energy (Asia Pacific) Limited being the largest shareholder at 19.87%[8]. - The company has not reported any significant changes in shareholder relationships or participation in margin financing activities[10]. Research and Development - Research and development expenses totaled approximately ¥147.37 million, accounting for 5.04% of operating revenue, an increase of 1.75 percentage points year-on-year[4]. - Research and development expenses for Q1 2024 increased to CNY 147,374,929.87, up from CNY 122,758,576.60 in Q1 2023[13]. Financial Expenses - The company experienced an increase in financial expenses due to the absence of financing interest subsidies received in the previous year, alongside foreign exchange losses[7]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 70,809,707.42 in Q1 2024 from CNY 10,524,393.83 in Q1 2023[13]. Inventory and Accounts Receivable - Inventory decreased to RMB 3,281,928,231.27 from RMB 3,598,578,781.46, a reduction of approximately 8.8%[11]. - Accounts receivable increased to RMB 4,119,715,372.77 from RMB 3,664,044,675.04, reflecting a growth of approximately 12.5%[11]. Operating Costs - Total operating costs for Q1 2024 were CNY 3,106,630,949.66, down 23.2% from CNY 4,046,464,613.39 in Q1 2023[13]. Non-Recurring Losses - The company reported non-recurring losses totaling approximately ¥33.43 million for the period[6].

Financial Performance - In 2023, the company achieved revenue of 16.436 billion yuan, a year-on-year increase of over 40%[2] - The company's operating revenue for 2023 reached ¥16.44 billion, a 41.84% increase from ¥11.59 billion in 2022[19] - The net profit attributable to shareholders was a loss of ¥1.87 billion, compared to a loss of ¥926.99 million in the previous year[19] - The net cash flow from operating activities improved to ¥664.03 million, a significant recovery from a negative cash flow of ¥1.75 billion in 2022[19] - The total assets decreased by 6.17% to ¥30.14 billion at the end of 2023, down from ¥32.13 billion at the end of 2022[19] - The company's net assets attributable to shareholders decreased by 13.58% to ¥10.38 billion, compared to ¥12.02 billion in 2022[19] - The basic earnings per share for 2023 was -¥1.53, worsening from -¥0.86 in 2022[20] - The company reported a significant increase in revenue from its core business, with a 43.97% rise in revenue after excluding non-core business income[19] - The company incurred an inventory impairment loss of RMB 606 million due to high inventory levels and declining product prices[28] - The company reported a fair value loss of RMB 256 million from investments in certain enterprises, further impacting its financial performance[28] Operational Strategy - The company plans to enhance operational management capabilities and improve organizational structure to mitigate losses in 2024[5] - The company aims to accelerate the production capacity of SPS products and leverage their cost advantages to enhance market competitiveness[5] - The company acknowledges the need to improve its management capabilities and market experience to better respond to market changes[2] - The company is focusing on expanding its market presence and enhancing its product development capabilities[19] - The company is targeting automotive, overseas, and emerging markets as key growth areas, with a focus on differentiated products[132] - The company aims to improve organizational structure and management efficiency by summarizing past project experiences and clarifying responsibilities[135] Research and Development - Research and development expenses accounted for 4.56% of operating revenue, down from 5.16% in the previous year[20] - The total R&D expenditure for the year reached ¥749,269,019.53, an increase of 25.21% compared to the previous year’s ¥598,424,910.91[58] - The company has developed and mass-produced its first-generation sodium-ion battery, marking a significant advancement in its product offerings[29] - The company has filed 155 new patent applications in 2023, with 80 patents granted, bringing the total to 485 applications and 293 granted[57] - The company is focusing on product development in three main areas: green travel, smart energy storage, and emerging businesses, utilizing various battery technologies[131] Market Expansion - The company intends to expand into emerging markets such as low-altitude electric flying vehicles and accelerate the industrialization of next-generation battery technologies[2] - The company is expanding into emerging markets, particularly in commercial vehicles and eVTOL sectors, which are expected to drive future growth[30] - The company is focusing on expanding its market share by developing new and existing customer products, particularly in emerging markets and the PHEV and heavy truck sectors[136] - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[149] Supply Chain and Inventory Management - The company has successfully reduced inventory levels to a reasonable range, alleviating inventory pressure and improving operational efficiency through digital system integration[36] - The company strengthened supply chain management, resulting in a 59.61% decrease in prepayments to 153,665,460.24 RMB[103] - Inventory decreased by 50.56% to 3,598,578,781.46 RMB, attributed to improved inventory management and the sale of high-cost inventory from the previous year[103] Governance and Management - The company has established a governance structure that complies with regulatory requirements, ensuring effective decision-making processes[137] - The company has successfully passed all resolutions in its recent shareholder meetings, indicating strong governance and shareholder support[139] - The company has a new management team with Chen Binbo appointed as the General Manager starting July 5, 2023[146] - The company has implemented a performance management plan for senior management that combines short-term and long-term incentives, linking compensation to responsibilities, risks, and operational performance[182] Environmental and Social Responsibility - The company has established an ESG governance structure led by the general manager to ensure effective and scientific ESG management[187] - The company has not faced any administrative penalties for environmental issues during the reporting period[196] - The company has conducted annual carbon verification through third-party certification, achieving ISO 14064 certification[198] - The company has invested ¥3.8273 million in environmental protection during the reporting period[188] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% and aiming to reach 1.8 billion[147] - The company plans to implement new marketing strategies aimed at increasing brand awareness and customer engagement, with a budget allocation of 50 million[147] - The company is targeting a 10% market share in Southeast Asia by the end of 2024[147] - The company anticipates further growth and market expansion in the upcoming fiscal year[145]

证券代码：688567 证券简称：孚能科技 公告编号：2024-008 孚能科技（赣州）股份有限公司 关于变更公司职工代表监事的公告 公司监事会及全体监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。 孚能科技（赣州）股份有限公司（以下简称"孚能科技"或"公司"）于近 日收到职工代表监事朱颖女士的辞任报告。朱颖女士因个人原因辞去公司第二届 监事会职工代表监事职务，辞任后将不再担任公司任何职务。截至本公告披露日， 朱颖女士未持有公司股份。 朱颖女士在担任公司职工代表监事期间恪尽职守、勤勉尽责，公司及公司监 事会对其在任职期间为公司发展所做出的贡献表示衷心的感谢！ 为保证监事会的合规运作，根据《中华人民共和国公司法》《孚能科技（赣 州）股份有限公司章程》的相关规定，公司于2024年4月10日召开了职工代表大 会，选举王慧慧女士（简历附后）为公司第二届监事会职工代表监事，任期自本 次职工代表大会决议通过之日起至公司第二届监事会届满之日止。 特此公告。 孚能科技（赣州）股份有限公司监事会 2024年4月16日 第 1 页 职工代表监事简历： 王慧慧女士 ...

孚能科技（赣州）股份有限公司 投资者关系活动记录表 （2024年1月） 股票简称：孚能科技 股票代码： 688567 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 投资者关系 活动类别 □新闻发布会 □路演活动 □现场参观 □其他 参会单位名 机构约145人（名单后附） 称 时间 2024年1月30日20点 地点 电话会议 公司接待人 董事会秘书：张峰 员 证券事务代表：陈颢元 投资者关系 公司已发布业绩预告，全年亏损的主要原因包括：2023年期初库 活动主要内 存商品中原材料价格较高导致产品成本较高，且库存商品数量较大， ...

证券代码：688567 证券简称：孚能科技 公告编号：2024-005 孚能科技（赣州）股份有限公司 关于 2023 年第四季度计提投资损失 和资产减值准备的公告 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。 一、情况概述 (一)投资损失概述 2023 年第四季度，孚能科技（赣州）股份有限公司（以下简称"公司"）计 提投资损失 10,384.21 万元。其中，计提对合营企业 SIRO SILK ROAD TEMİZ ENERJİ DEPOLAMA TEKNOLOJ İLERİ SANAYİ VE TİCARET A.Ş（中文名称： 丝绸之路储能产业有限公司，以下简称"Siro"或"合资公司"）投资损失 10,540.23 万元。 2021 年 10 月，公司与 Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş（以下简称"Togg"）签订《合资协议》，双方拟共同在土耳其设立合资公司 Siro。合资公司成立后，结合公司投资目的及根据《企业会计准则第 2 号—— ...

证券代码：688567 证券简称：孚能科技 公告编号：2024-004 孚能科技（赣州）股份有限公司 股东减持股份计划时间届满未减持股份的结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 孚能科技（赣州）股份有限公司（以下简称"公司"）股东江西立达新材料 产业创业投资中心（有限合伙）（以下简称"江西立达"）、北京立达高新创业投 资中心（有限合伙）（以下简称"北京立达"）、共青城立达投资管理合伙企业（有 限合伙）（以下简称"共青城立达"）、深圳立达新能源和先进制造创业投资合伙 企业（有限合伙）（以下简称"深圳立达"）、上杭兴源股权投资合伙企业（有限 合伙）（以下简称"上杭兴源"）在减持计划实施期间均未减持持有公司的股份。 本次减持计划实施前，江西立达、北京立达、共青城立达、深圳立达合计持 有公司 46,695,144 股，占公司总股本的比例为 3.8329%；上杭兴源持有公司 36,413,791 股，占公司总股本的比例为 2.9890%。 集中竞价减持计划的实施结果情 ...

证券代码：688567 证券简称：孚能科技 公告编号：2024-003 孚能科技（赣州）股份有限公司 关于 2021 年限制性股票激励计划首次授予部分 第二个归属期及预留授予部分第一个归属期 归属结果暨股份上市的公告 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： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 3,835,836 股。其中首次授予部分第二个归属期 3,820,836 股，预留授予部分第一 个归属期 15,000 股。 本次股票上市流通总数为 3,835,836 股。 本次股票上市流通日期为 2024 年 1 月 31 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，孚能科技（赣州）股份有限公司（以下 简称"公司"）于 2024 年 1 月 26 日收到中国证券登记结算有限责任公司上海分 公司出具的《证券变更登记证明》，公司于 2024 年 1 月 25 日完成了公司 2021 年 限制性股票激励计划（以下简称"本 ...

上海市锦天城律师事务所 关于孚能科技（赣州）股份有限公司 2024 年第一次临时股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 关于孚能科技（赣州）股份有限公司 2024 年第一次临时股东大会的 法律意见书 致：孚能科技（赣州）股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》及其他相关法律、法规、规章和规范性文件，以及《公司章程》 和《股东大会议事规则》的相关规定，上海市锦天城律师事务所（以下简称"本 所"）接受孚能科技（赣州）股份有限公司（以下简称"公司"）的委托，指派 本所律师出席公司 2024 年第一次临时股东大会（以下简称"本次股东大会"）， 对本次股东大会的相关事项进行见证并出具本法律意见书。 本所律师已经按照《股东大会议事规则》的要求对公司本次股东大会的真实 性、合法性进行查验并发表法律意见；本法律意见书中不存在虚假、误导性陈述 及重大遗漏。 上海市锦天城律师事务所 本法律意见书仅供公司 ...

证券代码：688567 证券简称：孚能科技 公告编号：2024-002 孚能科技（赣州）股份有限公司 一、会议召开和出席情况 （一）股东大会召开的时间：2024 年 1 月 11 日 （二）股东大会召开的地点：江西省赣州经济技术开发区金岭西路北侧彩蝶 路西侧孚能科技行政楼三楼会议室 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东 及其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 14 | | --- | --- | | 普通股股东人数 | 14 | | 2、出席会议的股东所持有的表决权数量 | 213,838,103 | | 普通股股东所持有表决权数量 | 213,838,103 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例 | 17.5526 | | （%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 17.5526 | （四）表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 2024 年第一次临时股东大会决议公告 本公司董事会及全体董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 ...