证券代码：688611 证券简称：杭州柯林 公告编号：2026-003 杭州柯林电气股份有限公司 关于公司关联交易的公告 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： 杭州柯林电气股份有限公司（以下简称"公司"或"杭州柯林"）子公 司杭州柯能新能源有限公司（以下简称"柯能新能源"）拟与关联方杭州交联电 气工程有限公司（以下简称"交联电气"）签订《产品销售合同》，向交联电气 销售钙钛矿叠层组件，销售价格合计为2,153,149.60元。 本次关联交易已经公司独立董事专门会议2026年第一次会议、第四届董 事会审计委员会2026年第一次会议审议通过，并经第四届董事会第十次会议审议 通过，关联董事谢东回避表决本次交易事项的议案。 本次关联交易不构成重大资产重组。 本次关联交易实施不存在重大法律障碍。 定，谢国强不属于公司关联方，但鉴于谢国强为杭州柯林历史上股东 JL 公司的 实际控制人且为董事长谢东堂兄，基于谨慎原则，故将谢国强及其控制的法人及 其他组织视同为杭州柯林的关联方，因此本次交易构成关联交易。 （二） ...

Core Viewpoint - Hangzhou Kolin (688611.SH) reported a significant decline in financial performance for the year 2025, with total operating revenue dropping by 61.83% year-on-year to 207 million yuan, and a net profit attributable to shareholders of the parent company turning negative at -3.1644 million yuan, a decrease of 104.33% year-on-year [1] Financial Performance - The company achieved total operating revenue of 207 million yuan, representing a year-on-year decrease of 61.83% [1] - The net profit attributable to the parent company's shareholders was -3.1644 million yuan, reflecting a year-on-year decline of 104.33% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -7.1378 million yuan, a decrease of 110.14% year-on-year [1] Operational Factors - The primary reason for the decline in operating performance was a reduction in operating revenue [1] - The company is actively advancing several projects, including perovskite photovoltaic module production lines, initial public offering fundraising projects, new photovoltaic construction projects, and grid-side energy storage projects [1] - These related assets are expected to reach a state of readiness for use in 2025, leading to an increase in depreciation expenses year-on-year [1] Strategic Focus - The company is concentrating on its core strategy and accelerating the development of various business operations to ensure the smooth implementation of future operational plans [1]

Core Viewpoint - Hangzhou Kolin (688611.SH) reported a significant decline in its financial performance for the fiscal year 2025, with total operating revenue dropping by 61.83% year-on-year to 207 million yuan, and a net profit attributable to shareholders of the parent company turning negative at -3.1644 million yuan, a decrease of 104.33% year-on-year [1] Financial Performance - The company achieved total operating revenue of 207 million yuan, representing a year-on-year decrease of 61.83% [1] - The net profit attributable to the parent company's shareholders was -3.1644 million yuan, reflecting a year-on-year decline of 104.33% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -7.1378 million yuan, a decrease of 110.14% year-on-year [1] Operational Factors - The primary reason for the decline in operating performance was a reduction in operating revenue [1] - The company is actively advancing several projects, including perovskite photovoltaic module production lines, initial public offering investment projects, new photovoltaic construction projects, and grid-side energy storage projects [1] - These related assets are expected to reach a state of readiness for use in 2025, leading to an increase in depreciation expenses year-on-year [1] Strategic Focus - The company is concentrating on its core strategy and accelerating the development of various business operations to ensure the smooth implementation of future operational plans [1]

Group 1 - Company Hangzhou Kelin reported a revenue of approximately 207 million yuan for the year 2025, representing a year-on-year decrease of 61.83% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 3.16 million yuan [1] - The basic earnings per share showed a loss of 0.02 yuan [1] Group 2 - The news highlights a significant shift in AI usage, with China's AI call volume surpassing that of the United States for the first time [1] - This development has led to a surge in various sectors within the A-share market, resulting in a wave of trading limit increases [1] - A well-known Wall Street analyst noted that China's computing power path is overturning traditional perceptions [1]

Group 1 - The company reported a total operating revenue of 206,649,138.32 yuan for the fiscal year 2025, representing a year-on-year decrease of 61.83% [2] - The net profit attributable to the owners of the parent company was -3,164,352.23 yuan [2]

Financial Performance - Total operating revenue for 2025 was RMB 206,649,138.32, a decrease of 61.83% compared to the previous year[4] - Net profit attributable to shareholders of the parent company was -RMB 3,164,352.23, a decline of 104.33% year-on-year[6] - Basic earnings per share were -RMB 0.02, a decrease of 104.17% compared to the previous year[4] - The equity attributable to shareholders of the parent company decreased by 2.93% to RMB 865,569,135.73[5] Assets and Capital - The total assets at the end of the reporting period were RMB 1,149,217,612.80, an increase of 0.34% from the beginning of the period[6] - The company's share capital increased by 40.00% due to the distribution of stock dividends and capital reserve conversion[7] Business Strategy and Operations - The company is focusing on core strategies and accelerating the development of various business operations, including perovskite photovoltaic component production lines and energy storage projects[6] - The increase in depreciation expenses was attributed to the completion of several projects, including new photovoltaic construction and grid-side energy storage projects[7] - The company aims to ensure the smooth advancement of its future operational plans despite the significant decline in revenue and profits[6] Financial Caution - The company warns that the financial data presented is preliminary and subject to audit, urging investors to be aware of investment risks[8]

Group 1 - The company announced a total operating revenue of 207 million yuan for the year 2025, representing a year-on-year decrease of 61.83% [1] - The net profit reported a loss of 3.1644 million yuan, which is a year-on-year decrease of 104.33% [1]

Group 1 - The core viewpoint of the news highlights the financial performance and trading activities of Hangzhou Kelin Electric Co., Ltd., indicating a significant decrease in revenue and net profit for the year 2025 [2] - As of February 24, Hangzhou Kelin's stock price increased by 2.13%, with a trading volume of 73.34 million yuan, and a net financing purchase of 5.08 million yuan [1] - The company's financing balance reached 546 million yuan, accounting for 6.08% of its market capitalization, indicating a high level of financing activity compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Hangzhou Kelin increased by 7.25% to 4,569, while the average circulating shares per person decreased by 6.76% to 33,571 shares [2] - For the period from January to September 2025, Hangzhou Kelin reported an operating income of 138 million yuan, a year-on-year decrease of 47.48%, and a net profit attributable to shareholders of 604,700 yuan, down 98.14% year-on-year [2] - The company has distributed a total of 145 million yuan in dividends since its A-share listing, with 61.04 million yuan distributed over the past three years [3]

Group 1 - The State Intellectual Property Office of China has granted a patent for "a crystalline silicon stacked battery photovoltaic module" to Hangzhou Kenen New Energy Co., Ltd. and Hangzhou Kelin Electric Co., Ltd. The patent authorization announcement number is CN121218845B, with an application date of November 2025 [1] - Hangzhou Kenen New Energy Co., Ltd. was established in 2023 and is primarily engaged in technology promotion and application services. The company has a registered capital of 100 million RMB and holds 18 patents along with 1 administrative license [1] - Hangzhou Kelin Electric Co., Ltd. was founded in 2002 and focuses on the manufacturing of electrical machinery and equipment. The company has a registered capital of approximately 153.39 million RMB, has invested in 8 enterprises, participated in 247 bidding projects, and holds 311 patents along with 13 administrative licenses [1]

Core Viewpoint - The strategic investment by Hangzhou Kelin Electric Co., Ltd. in Shanghai Kepler Robotics Co., Ltd. marks a significant step towards deep industrial collaboration, focusing on the large-scale application of embodied intelligence technology in industrial scenarios [2][3]. Group 1: Strategic Investment and Collaboration - The investment amounts to a billion-level financing, with Hangzhou Kelin acquiring approximately 10% equity in Kepler [2]. - This partnership aims to establish a long-term, stable, and multi-dimensional cooperation mechanism, enhancing supply chain collaboration, business scenario implementation, and capital cooperation [2][3]. - Both companies emphasize the importance of this investment for future industrial synergy, technology co-development, and market expansion [3]. Group 2: Technological Framework - Kepler has developed a comprehensive embodied intelligence technology system that integrates "intelligent brain" and "industrial-grade hardware," supporting stable operations of humanoid and special robots in high-intensity industrial environments [4]. - The core of the intelligent system is the self-developed layered model VLA+, which facilitates multi-modal interaction and decision-making, enabling robots to perform tasks in complex environments [4]. - The VLA+ model employs a dual-engine learning mechanism, combining simulation and real-world data to enhance decision-making capabilities and ensure controllable, verifiable, and replicable embodied decisions [4]. Group 3: Hardware Capabilities - Kepler's hardware is designed for high-intensity industrial and special operations, featuring a long-lasting operational capacity of 8 hours after a 1-hour charge [5]. - The core execution system utilizes a self-developed planetary roller screw actuator, achieving significant breakthroughs in key performance indicators such as high load, low backlash, and longevity [5]. - The integration of the execution system with the VLA+ intelligent architecture allows for precise and reliable physical actions based on algorithmic capabilities [5]. Group 4: Collaborative Efforts - The collaboration will focus on key aspects of the industrial chain, with Hangzhou Kelin providing high-quality electrical components and manufacturing systems to enhance hardware reliability and delivery efficiency [7]. - Kepler's products will benefit from Kelin's customer resources and channel advantages in the power grid, new energy, and industrial sectors, facilitating more efficient market entry [7]. - The partnership aims to create a one-stop service that integrates Kepler's technological capabilities into Kelin's overall solution framework [7]. Group 5: Long-term Growth Potential - The equity investment establishes a solid capital bond and provides institutional support for long-term collaborative development [9]. - Future cooperation may explore joint ventures, technology acquisitions, and industrial funds, enhancing the integration of embodied intelligence technology into real industrial applications [9]. - This strategic investment signifies Kepler's transition into a new development phase centered on "industrial-grade implementation," with ongoing collaboration expected to accelerate the smart upgrade of the industry [9].