Core Viewpoint - The company, Funeng Technology, has been selected by Guangzhou Automobile Group to develop and supply power batteries, marking a significant partnership in the electric vehicle sector [1] Group 1: Company Announcement - Funeng Technology's wholly-owned subsidiary, Guangzhou Funeng Technology Co., Ltd., has received a "Designation Development Notice" from Guangzhou Automobile Group [1] - The company is expected to start supplying batteries in the first half of 2027 based on the sales forecast and arrangements from Guangzhou Automobile Group [1] Group 2: Product Details - The project will utilize a lithium iron phosphate power battery designed based on the Super Punch Solution (SPS) [1]

Core Viewpoint - Company Fudi Technology (孚能科技) has received a development notification from GAC Group, marking a significant step in its partnership to supply power batteries, specifically lithium iron phosphate batteries, starting in the first half of 2027 [1] Group 1: Partnership and Product Development - Fudi Technology's wholly-owned subsidiary, Guangzhou Fudi Technology Co., Ltd., has been selected by GAC Group to develop and supply power batteries [1] - The project will utilize the Super Punch Solution (SPS) design for lithium iron phosphate batteries, indicating a further breakthrough in the new energy passenger vehicle sector [1] Group 2: Market Recognition and Financial Performance - The receipt of the development notification signifies an increase in market recognition for Fudi Technology's SPS battery products [1] - In the fiscal year 2025, Fudi Technology reported a revenue of 9.084 billion yuan, a year-on-year decrease of 22.23%, and a net loss attributable to shareholders of 767 million yuan, compared to a loss of 332 million yuan in the previous year [1]

证券代码：688567 证券简称：孚能科技 公告编号：2026-006 孚能科技（赣州）股份有限公司（以下简称"公司"） 全资子公司广州孚 能科技有限公司，于近日收到广州汽车集团股份有限公司（以下简称"广汽集团"） 《定点开发通知书》（以下简称"定点通知"）。广汽集团选择公司为其开发和供 应动力电池。根据广汽集团的销售预测和安排，公司预计将于 2027 年上半年开 始供货。 二、对公司的影响 定点通知中的项目将采用基于 SPS 超级软包动力电池解决方案（Super Punch Solution）设计的磷酸铁锂动力电池。本次收到客户的定点通知，标志着公司 SPS 电池产品的市场认可度进一步提升，也标志着公司 SPS 磷酸铁锂动力电池在新 能源乘用车领域进一步突破。 三、风险提示 由于定点通知不是供货协议，尽管公司和客户都有履约能力，但最终的项目 进展情况、销售情况尚存在不确定性。定点通知中的项目为客户定制项目，从项 目定点到成功量产，需要经过产品质量测试、客户考核等诸多环节，最终能否获 得客户订单具有不确定性。本次子公司获得定点通知对公司本年度经营业绩无重 大影响。敬请广大投资者谨慎决策，注意投资风险。 孚能科 ...

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： 证券代码：688567 证券简称：孚能科技 公告编号：2026-005 孚能科技（赣州）股份有限公司 股东持股的基本情况 本次减持计划实施前，上杭兴源股权投资合伙企业（有限合伙）（以下简称 "上杭兴源"）持有孚能科技（赣州）股份有限公司（以下简称"公司"）股份 20,551,028 股，占公司总股本比例为 1.6816%。 减持计划的实施结果情况 公司于 2025 年 11 月 28 日披露了《股东减持股份计划公告》（公告编号： 2025-059）。上杭兴源计划通过大宗交易方式和/或集中竞价方式减持其持有的 公司股份，拟减持股份数量合计不超过 20,551,028 股，拟减持股份占公司总股本 的比例不超过 1.6816%。 公司于近日收到上杭兴源出具的《关于股份减持进展的告知函》，上杭兴源 在 2025 年 12 月 3 日至 2026 年 3 月 2 日期间未减持其持有的公司股份。本次减 持计划时间区 ...

Core Insights - The solid-state battery industry in China is characterized by strong vertical integration among manufacturers, with a diverse range of companies involved in various stages of the supply chain, including raw materials, battery production, and automotive applications [3][6]. Industry Overview - The solid-state battery supply chain is similar to that of liquid lithium batteries, with upstream components including raw materials, machinery, and basic materials. The main differences lie in the types of anode materials and electrolytes used, while the cathode materials are largely consistent [6]. - The downstream applications for solid-state batteries encompass electric vehicles, energy storage systems, and consumer electronics [6]. Market Players - Key listed companies in the solid-state battery sector include BYD, SAIC Motor, NIO, CATL, Aulton Technology, and Guoxuan High-Tech [1]. - BYD leads the market with a revenue of 566.27 billion yuan and a gross margin of 17.87%, leveraging its vertical integration to advance solid-state battery technology [11]. - CATL, a major player in battery manufacturing, reported a revenue of 283.07 billion yuan with a gross margin of 25.31%, highlighting its leadership position in the industry [11]. Investment Landscape - BYD is investing over 20 billion yuan to establish a 100GWh solid-state battery production base in Chongqing, with the first phase of 20GWh expected to be operational by 2026 [12][15]. - SAIC Motor is collaborating with Qingtao Energy to develop a solid-state battery production line, aiming for mass production in the near future [12][15]. - CATL has launched a 5GWh solid-state battery pilot line in Hefei, with plans to scale up to 100GWh by 2027 [12][15]. Barriers to Entry - The solid-state battery industry faces significant entry barriers, including customer resource barriers, technical and process barriers, talent barriers, and administrative licensing barriers [8][10]. - Establishing customer relationships requires lengthy processes involving identification, testing, and certification, making it difficult for new entrants to gain traction [10]. - The complexity of production processes and the need for specialized technical expertise further complicate entry for new companies [10].

证券代码：688567 证券简称：孚能科技 公告编号：2026-004 孚能科技（赣州）股份有限公司 2025年度业绩快报公告 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。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以公司2025年年 度的定期报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 2025年年末公司总资产22,710,655,348.09元，较上一年末下降14.71%。 (二)影响经营业绩的主要因素 公司2025年度营业收入较上年同期下降22.23%，亏损较上年扩大，主要系以下原因综合导致： 1.毛利及毛利率影响 第一，公司两个新生产基地"赣州年产30GWh新能源电池项目（一期）"和"广州年产30GWh动力电池生 产基地项目（一期）"目前尚处于产能爬坡阶段，固定折旧摊销费用大，产能利用率、设备效率及良品 率还处于稳步提升阶段，导致毛利及毛利率偏低。 单位：元 ■ 二、经营业绩和财务状况情况说明 (一)经营业绩和财务状况 据公司财务部门初步核算，公司本 ...

对于业绩变动的原因，公告指出，主要受毛利及毛利率下滑、研发费用增加等因素影响。 2月27日，孚能科技发布2025年度业绩快报。经初步核算，报告期内，公司实现营业收入90.84亿元，同 比下降22.23%；归母净利润亏损7.67亿元，上年同期亏损3.32亿元。 一方面，公司两个新生产基地"赣州年产30GWh新能源电池项目（一期）"和"广州年产30GWh动力电池 生产基地项目（一期）"目前尚处于产能爬坡阶段，固定折旧摊销费用较高，产能利用率、设备效率及 良品率仍在提升过程中，导致毛利水平偏低；公司年内加大市场开拓以优化客户结构，叠加客户结算模 式调整、部分产品更新换代，以及国内出口退税率降低，美国对华出口关税提升，带来毛利率下降。另 一方面，公司持续拓展新产品、新技术，投入固态电池研发等带来研发费用的上升。 （企业公告） ...

Group 1 - The core point of the article is that Funeng Technology announced a significant decline in revenue and an increase in net loss for the fiscal year 2025 [2] Group 2 - Funeng Technology reported a revenue of 9,083,850,389.87 yuan for 2025, representing a year-on-year decrease of 22.23% [2] - The net profit attributable to the parent company's shareholders was -767,363,305.64 yuan, indicating a larger loss compared to the same period last year [2]

格隆汇2月27日丨孚能科技(688567.SH)公布2025年年度业绩快报，据公司财务部门初步核算，公司本年 度营业收入90.84亿元，较上年同期下降22.23%；归属于母公司所有者的净利润为-7.67亿元，归属于母 公司所有者的扣除非经常性损益的净利润为-7.98亿元，亏损较上年同期增大。 ...

证券代码：688567 证券简称：孚能科技 公告编号：2026-004 孚能科技（赣州）股份有限公司 2025 年度业绩快报公告 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。 本公告所载 2025 年度主要财务数据为初步核算数据，未经会计师事务所审 计，具体数据以公司 2025 年年度的定期报告为准，提请投资者注意投资风险。 一、2025 年度主要财务数据和指标 | 单位：元 | | --- | | 项目 | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | | | | | （％） | | 营业总收入 | 9,083,850,389.87 | 11,680,468,636.74 | -22.23 | | 营业利润 | -663,171,466.91 | -394,334,140.05 | 不适用 | | 利润总额 | -719,828,377.81 | -448,147,072.98 | 不适用 | | 归属于母公司所有者的净利润 | -767,363,305.64 | - ...