Company and Industry Summary Company Involved - The conference call is focused on a specific company, which is not named in the provided text. The general manager, Chen Bingbo, and another executive, Duan, are present for the earnings briefing. Core Points and Arguments - The earnings briefing is primarily about the 2023 annual report and the performance outlook for the first quarter of 2024 [1]. - The timing of the call was adjusted to accommodate the general manager's schedule for a government reception, which caused some inconvenience [1]. Other Important but Possibly Overlooked Content - The call was held at 6 PM, indicating a potential urgency or scheduling conflict that may affect the availability of information or the attention of participants [1].

目 录 | 01/ 关于本报告 | | --- | | 03/ 董事长致辞 | | 05/ 关于孚能科技 | 09/ 孚能科技的 2023 13/ ESG 治理 | 打造前沿领先技术 | 57 | | --- | --- | | 全面夯实质量管理 | 63 | | 全力保障客户权益 | 66 | | 完善信息安全管理 | 68 | 105/ 附录 105/ ESG 绩效表 118/ 上海证券交易所《上海证券交易所上市公司 自律监管指引第 1 号 -- 规范运作》索引 121/ GRI 标准索引 128/ 第三方审验报告 公开透明 以合规理念塑造企业治理 01 | 【专题】党建引领发展 | 25 | | --- | --- | | 持续健全治理架构 | 29 | | 防范风险提质增效 | 31 | | 坚守诚信合规运营 | 32 | | 迎接税务透明时代 | 37 | 和谐共生 以低碳行动彰显绿色决心 02 | 【专题】拥抱绿色发展新趋势 | 41 | | --- | --- | | 推进资源高效利用 | 49 | | 倾力守护自然生态 | 51 | 厚积薄发 以技术特色把握产业机遇 03 互利共赢 以尽责管理 ...

Contents 01/ About This Report 03/ Message from the Chairman 05/ About Farasis Energy Shaping Corporate Governance with Compliance Concepts 01 | [Feature] Leading Development with Party Building | | --- | | Continuously Improving Governance Structure | | Preventing Risks and Improving Quality and Efficiency | | Adhering to Integrity and Compliance in Operation | | Embracing the Era of Tax Transparency | 09/ Farasis Energy in 2023 13/ ESG Governance 105/ Appendix Showcasing Determination on Green Development ...

证券代码：688567 证券简称：孚能科技 公告编号：2024-013 投资者可于 2024 年 5 月 8 日（星期三）下午 16:00 前通过公司邮箱 farasisIR@farasisenergy.com.cn 进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 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： 会议召开时间：2024 年 5 月 9 日（星期四）下午 15:00-17:00 孚能科技（赣州）股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发布了公司《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 年度和 2024 年第一季度经营成果、财务状况，公 司计划于 2024 年 5 月 9 日（星期四）下午 15:00-17:00 参加上海证券交易所主办 的 2023 年度科创板电池专场集体业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络文字互动的形式召开，公司将针对 2023 ...

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 12.69 CNY [1]. Core Views - The company reported a revenue of 16.436 billion CNY for 2023, a year-on-year decrease of 101.49%, and a net profit attributable to shareholders of -1.868 billion CNY, reflecting a significant decline [1]. - The company experienced a rapid expansion in overseas business, with overseas revenue accounting for over half of total revenue, growing by 124.70% year-on-year [1]. - The company is focusing on R&D investments to maintain its technological leadership, with significant advancements in battery technology and production capacity [1]. Summary by Sections Financial Performance - In Q1 2024, the company achieved a revenue of 2.924 billion CNY, a year-on-year increase of 38.20% and a quarter-on-quarter increase of 28.66% [1]. - The gross profit margin for Q1 2024 was reported at 11.89%, an increase of 9.98 percentage points year-on-year [1]. - The company’s total revenue for 2024 is projected to be 17.208 billion CNY, with a growth rate of 4.7% [2]. Revenue and Profitability - The company’s global power battery shipments exceeded 16 GWh in 2023, driven by growth in the domestic new energy vehicle market and product exports [1]. - The net profit margin for Q1 2024 was -7.43%, indicating ongoing profitability challenges [1]. - The company is expected to achieve a net profit of 142 million CNY in 2024, with a growth rate of 107.58% [2]. R&D and Technological Advancements - The company has completed the technical reserve for its SPS power battery development and is advancing the production of high-performance LMFP batteries [1]. - The second-generation sodium-ion battery is currently under development, showcasing the company's commitment to innovation [1]. Market Expansion - The company has deepened strategic cooperation with major overseas clients, including Mercedes-Benz, and has established a joint venture in Turkey to support production capacity in Europe, the Middle East, and Africa [1]. - The overseas revenue growth reflects the company's successful penetration into international markets, with a focus on expanding production capabilities [1].

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—— ...