Core Viewpoint - The Shanghai New Energy Vehicle Industry Index has shown a mixed performance, with a recent increase of 2.03% over the past month, a decline of 7.35% over the last three months, and a year-to-date increase of 6.65% [1] Group 1: Index Performance - The Shanghai New Energy Vehicle Industry Index reported a value of 1416.99 points [1] - The index is based on companies related to the new energy vehicle industry listed on the Shanghai Stock Exchange, reflecting the overall performance of these securities [1] - The index was established on December 31, 2014, with a base value of 1000.0 points [1] Group 2: Index Holdings - The top ten weighted companies in the index are: Huayou Cobalt (15.78%), Hongfa Technology (11.1%), Putailai (7.66%), Junsheng Electronics (7.04%), Farah Electronics (5.83%), Tiannai Technology (5.4%), Rongbai Technology (4.33%), Funeng Technology (4.14%), Xiamen Tungsten New Energy (3.8%), and Weimaisi (2.82%) [1] - The index holdings are entirely composed of companies listed on the Shanghai Stock Exchange, with an industry breakdown of 68.53% in industrials, 15.78% in materials, 9.86% in consumer discretionary, and 5.83% in information technology [2] Group 3: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

孚能科技（赣州）股份有限公司 2024 年年度股东大会 | 会议须知 | | | 3 | | --- | --- | --- | --- | | 会议议程 | | | 5 | | 议案一：关于公司 | 2024 | 年年度报告及摘要的议案 | 7 | | 议案二：关于公司 | 2024 | 年度利润分配方案的议案 | 8 | | 议案三：关于公司 | 2024 | 年度财务决算报告的议案 | 9 | | 议案四：关于公司 | 2024 | 年度董事会工作报告的议案 | 13 | | 议案五：关于公司 | 2024 | 年度监事会工作报告的议案 | 18 | | 议案六：关于公司 | 2025 | 年度为全资子公司提供担保预计额度的议案 | 21 | | 议案七：关于公司第三届董事会独立董事薪酬方案的议案 | | | 22 | 孚能科技（赣州）股份有限公司 2024 年年度股东大会会议资料 会议须知 为了维护孚能科技（赣州）股份有限公司（以下简称"公司"）全体股东的 合法权益，确保股东大会的正常秩序和议事效率，保证大会的顺利进行，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》 ...

Core Viewpoint - The 2025 Fourth Solid-State Battery Conference and Silicon-Based Anode Industry Innovation Conference will be held from July 3 to 5 in Ningbo, focusing on the themes of solid-state batteries and silicon-based anodes, aiming to promote the comprehensive upgrade and transformation of the battery industry chain [1]. Group 1: Conference Overview - The conference will gather renowned experts and scholars, as well as leading companies in the new energy vehicle sector, to explore cutting-edge technologies and industry development trends in the field of new energy batteries [1]. - The event will feature a detailed agenda including registration, opening ceremonies, keynote speeches, and specialized sessions on solid-state batteries and silicon-based anodes [4]. Group 2: Technological Innovations - Solid-state batteries are viewed as a key technology for overcoming endurance bottlenecks in various advanced fields, despite facing challenges such as interfacial resistance and electrolyte stability [6]. - Artificial intelligence is playing a crucial role in the research and development of solid-state batteries, enhancing efficiency and reducing costs through automated design processes [7][8]. Group 3: Industry Applications - The conference will address the industrialization of solid-state batteries in automotive applications, discussing the technical challenges and mass production expectations [23]. - The application of silicon-based anodes in high-energy batteries for robotics and other sectors will also be a focal point, highlighting the demand for high-capacity cells [25].

Investment Rating - The report assigns a "Buy" rating to several companies in the battery industry, including CATL, EVE Energy, Guoxuan High-Tech, and others, with target prices indicating potential upside [1][17]. Core Insights - The battery industry continues to experience high growth in installed capacity, with a year-on-year increase of approximately 58% in power battery installation volume as of May 2025 [2]. - The report highlights that the export growth rate has slowed but is expected to recover soon, with May exports reaching 19 GWh, a year-on-year increase of 30% [2]. - CATL's market share in China's power battery installation volume increased by 3.4 percentage points to 42.9% in May 2025, indicating a strong competitive position [2][15]. Summary by Sections Industry Performance - In May 2025, China's total power and other battery production/sales reached 123.5 GWh/123.6 GWh, with year-on-year growth of 47.9%/58.1% [2]. - The concentration of power battery installation volume slightly increased, with the top three and five companies holding 72.9% and 82.1% market shares, respectively [2][17]. Company Developments - EVE Energy plans to issue H-shares to enhance its global strategy and improve its capital strength [2]. - CATL has made progress in developing lithium metal battery products, aiming to achieve energy density breakthroughs of over 500 Wh/kg [2]. Market Trends - The report notes that the full solid-state battery standards have been published, which will help accelerate the transformation of industry achievements [2]. - The report anticipates a recovery in exports in June 2025, driven by a partial tariff agreement between China and the U.S. [2].

Core Viewpoint - Solid-state batteries are a hot topic in the electric vehicle industry, but their commercialization faces significant challenges despite recent advancements by leading battery companies [2][6]. Group 1: Industry Trends - Leading battery companies are adopting a dual strategy of developing both solid-state and semi-solid-state batteries to accelerate technological breakthroughs and market positioning [3][6]. - CATL has launched a semi-solid-state battery with an energy density of 500Wh/kg and plans to achieve small-scale production of solid-state batteries by 2027 [3][4]. - BYD has been developing solid-state batteries since 2016, with plans to launch a 60Ah solid-state battery in 2024 and achieve mass production by 2030 [4][5]. - Guoxuan High-Tech has completed its first solid-state battery production line with a design capacity of 0.2GWh and a yield rate of 90% [4][5]. Group 2: Technical Challenges - The transition from laboratory samples to mass production of solid-state batteries is expected to take 8 to 10 years, with many current offerings being semi-solid or quasi-solid-state batteries [6][7]. - The industry lacks a clear and suitable production technology for solid-state batteries, with various technical routes each having distinct advantages and disadvantages [6][7]. - High production costs and low yield rates hinder the large-scale adoption of solid-state batteries, with significant modifications required for existing production lines [7][8]. Group 3: Market Outlook - Semi-solid-state batteries are projected to have a stronger commercial viability in the short term, with expectations that they will dominate the market in the next five years [8][9]. - The energy density of semi-solid-state batteries ranges from 350 to 450Wh/kg, supporting rapid charging and stable performance across a wide temperature range [8][9]. - Several automakers have already begun mass production of semi-solid-state batteries, indicating a growing acceptance and integration of this technology in the market [9][10]. Group 4: Strategic Implications - The dual approach of advancing semi-solid-state batteries while continuing to invest in solid-state technology is seen as a strategic advantage for companies in the industry [10][12]. - Solid-state batteries are viewed as a potential game-changer for the electric vehicle market, but their development is still in the early stages, requiring time for the industry to mature [11][12].

Group 1 - The company will hold its 2024 Annual General Meeting on June 27, 2025, at 9:30 AM in the administrative building of Farasis Technology in Ganzhou, Jiangxi Province [2][5][11] - The voting will be conducted through a combination of on-site and online voting using the Shanghai Stock Exchange's network voting system [3][5][8] - Shareholders must register for the meeting by providing necessary identification and documentation by June 26, 2025 [14][16][18] Group 2 - The company plans to provide guarantees for its wholly-owned subsidiaries, including Farasis Technology (Zhenjiang) Co., Ltd., Guangzhou Farasis Technology Co., Ltd., and Ganzhou New Energy Co., Ltd., with a total guarantee amount not exceeding RMB 86.20 billion [26][28][37] - The guarantees are intended to facilitate the subsidiaries' financing needs and support their business development [37][38] - As of March 31, 2025, the company's total outstanding guarantees amounted to RMB 32.89 billion, representing 33.18% of the company's latest audited net assets [40]

证券代码：688567 证券简称：孚能科技 公告编号：2025-036 孚能科技（赣州）股份有限公司 关于为全资子公司提供担保的公告 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 孚能科技（赣州）股份有限公司（以下简称"公司"）2025 年度拟为全资 子公司孚能科技（镇江）有限公司（以下简称"孚能镇江"）、广州孚能科技有 限公司（以下简称"广州孚能"）、孚能科技（赣州）新能源有限公司（以下简 称"赣州新能源"） 向银行或非银行金融机构办理贷款、授信等融资业务提供 新增担保预计额度。其中，为孚能镇江提供新增不超过人民币 58.20 亿元担保额 度；为广州孚能提供新增不超过人民币 14 亿元担保额度；为赣州新能源提供新 增不超过人民币 14 亿元担保额度。在上述预计担保额度内，公司可根据实际情 况在各全资子公司间分配使用额度。上述担保额度有效期限自股东大会审议通过 本事项之日起至 2025 年年度股东大会召开之日止。 本次担保无反担保。 截至 2025 年 3 月 31 日，公司对外担保本金余额（在保本金余额， ...

重要内容提示： 股东大会召开日期：2025年6月27日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 证券代码：688567 证券简称：孚能科技 公告编号：2025-037 孚能科技（赣州）股份有限公司 关于召开2024年年度股东大会的通知 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，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、召开会议的基本情况 （一） 股东大会类型和届次 2024年年度股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 6 月 27 日 9 点 30 分 召开地点：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 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 27 日 至2025 年 6 月 27 日 第 1 页 采用上海证券交易所网络投票系统，通过交易系统投票平台 ...

Group 1: Industry Events - The 2025 High-Performance Sodium Battery Industry Summit is scheduled for June 9, 2025, at the Shangri-La Hotel in Suzhou, organized by GGII and sponsored by Zhongna Energy [2] - The 2025 High-Performance Solid-State Battery Technology and Application Summit will take place on June 10, 2025, at the same venue, organized by GGII and sponsored by Liyuanheng [3] Group 2: Battery Procurement and Projects - China Electrical Equipment Group announced a large-scale procurement project for energy storage battery cells on June 5, covering four segments with a total expected procurement of 7,365,604 units, amounting to 7,248 MWh capacity [3] - Chang'an, in collaboration with BYD and local government, signed an agreement to establish a new energy vehicle parts distribution center, focusing on logistics, infrastructure, and battery recycling [5] Group 3: Technological Advancements - A second-generation semi-solid-state battery developed by Funeng Technology has an energy density of 330-350 Wh/kg, capable of supporting over 1,000 km single-charge range, positioning it as an industry leader [7] - Shengxin Lithium Energy's lithium salt project in Indonesia is expected to begin bulk supply in Q3 2024, with a production capacity of 60,000 tons [13][14] - Hunan Mengxing Nano Material Technology's lithium manganese iron phosphate project is set to commence production by the end of June, with an annual output of 40,000 tons and an estimated annual revenue of 2 billion yuan [17] Group 4: Market Developments - Youyou Green Energy officially listed on the Shenzhen Stock Exchange's ChiNext on June 5, with a closing price of 151.06 yuan, reflecting a 68.64% increase, focusing on the development and production of DC charging equipment for electric vehicles [10] - Lucid Motors has signed a long-term supply agreement with Graphite One for natural graphite, starting in 2028, to support its battery supply chain [19]

Core Viewpoint - The competition among domestic lithium battery manufacturers in the eVTOL (electric Vertical Take-Off and Landing) market is intensifying, driven by the need to find new market opportunities amid severe industry competition and the promising prospects of the low-altitude economy [1][2]. Industry Overview - Major battery manufacturers such as CATL, Sunwoda, and EVE Energy are entering the aviation power battery sector, viewing it as a strategic growth area [1][2]. - The eVTOL battery market is still in the research and development phase, with significant growth potential anticipated [1][2]. Market Potential - According to a report by Guojin Securities, the domestic eVTOL battery market is expected to reach 112.6 billion yuan by 2030 [1][12]. - The short-term demand for aviation power batteries is projected to be around 5 billion to 8 billion yuan, primarily for drone logistics and sightseeing applications [11]. Technical Challenges - The energy density requirement for eVTOL batteries is significantly higher than that of conventional vehicle batteries, needing to exceed 400 Wh/kg for large-scale commercial applications [3][8]. - Current mainstream lithium batteries have energy densities between 150 Wh/kg and 250 Wh/kg, indicating a substantial gap that manufacturers must bridge [2][4]. Competitive Landscape - The competition in the aviation power battery sector is characterized by a "three-country kill" scenario, with international giants like SES and Bosch, domestic leaders leveraging supply chain advantages, and cross-industry players like GAC Aion and Geely attempting to enter the market [7]. - Domestic manufacturers are focusing on technological breakthroughs to overcome the "inaccessible triangle" of high energy density, high discharge rates, and safety [8][9]. Future Outlook - The commercial viability of aviation power batteries remains uncertain, with significant technical hurdles and regulatory challenges to overcome [13][14]. - The industry is expected to enter a critical differentiation phase in the next 3 to 5 years, where companies with technological reserves and supply chain integration capabilities are likely to achieve profitability first [14].