Group 1 - The core point of the news is that Desay Battery's stock price increased by 5.24% to 29.50 CNY per share, with a trading volume of 322 million CNY and a turnover rate of 2.90%, resulting in a total market capitalization of 11.347 billion CNY [1] - Desay Battery, established on September 4, 1985, and listed on March 20, 1995, is located in Nanshan District, Shenzhen, Guangdong Province. The company specializes in the production of power management systems and various lithium batteries [1] - The revenue composition of Desay Battery includes: 31.93% from smartphones, 19.92% from power tools, smart home and travel products, 15.47% from laptops and tablets, 11.71% from wearables, 10.73% from energy storage products, and 10.25% from other sources [1] Group 2 - Among the top ten circulating shareholders of Desay Battery, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 14,700 shares in the third quarter, now holding 2.1079 million shares, which is 0.55% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 27.15%, ranking 2004 out of 4216 in its category; the one-year return is 16.81%, ranking 2346 out of 3951; and since inception, the return is 12.52% [2]

Core Viewpoint - Desay Battery (000049) is currently operating at full production capacity in Hunan, but its operational results still require further improvement [1] Company Summary - Desay Battery has confirmed that its battery production in Hunan is at full capacity [1] - The company acknowledges that while production is maximized, there is a need for enhancement in its operational performance [1]

Core Insights - Desai Battery's energy storage cell production capacity is currently at 6 GWh and is operating at full capacity [2] Company Summary - Desai Battery has confirmed that its energy storage cell production capacity stands at 6 GWh [2] - The company is currently running at full production capacity [2]

Core Viewpoint - Desay Battery (000049) reported that as of October 31, the total number of shareholders in its non-consolidated margin trading account is 62,863 [1] Summary by Category - **Company Information** - Desay Battery has a total of 62,863 shareholders in its non-consolidated margin trading account as of October 31 [1]

Core Viewpoint - Desai Battery (000049.SZ) is currently operating at full production capacity in Hunan, but its operational results still require further improvement [1] Group 1 - The company is experiencing full production status at its Hunan battery manufacturing facility [1] - There is an indication that the operational results of the company have not yet reached satisfactory levels [1]

Core Viewpoint - Desay Battery has stated that its products are not currently applied in humanoid robots [1] Group 1 - The company has clarified its position regarding the application of its products in the humanoid robotics sector [1]

Core Viewpoint - Desay Battery's stock price has shown fluctuations, with a current decline of 2.03% and a year-to-date increase of 20.58%, indicating a mixed performance in the market [1][2]. Financial Performance - For the period from January to September 2025, Desay Battery achieved a revenue of 16.103 billion yuan, representing a year-on-year growth of 7.67%. The net profit attributable to shareholders was 226 million yuan, reflecting a growth of 2.02% [2]. - Cumulatively, the company has distributed 1.484 billion yuan in dividends since its A-share listing, with 495 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Desay Battery increased to 71,300, up by 1.54% from the previous period. The average number of circulating shares per shareholder decreased by 1.51% to 5,393 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 4.1265 million shares, a decrease of 1.6379 million shares from the previous period [3].

证券代码：000049 证券简称：德赛电池 公告编号：2025-031 深圳市德赛电池科技股份有限公司 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 13 日 14:45 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 13 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为 2025 年 11 月 13 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 关于召开 2025 年第一次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市德赛电池科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日披露了《关于召开 2025 年第一 ...

Core Viewpoint - Desay Battery has shown a positive stock performance with a year-to-date increase of 24.42% and a market capitalization of 11.093 billion yuan as of November 7 [1] Financial Performance - For the period from January to September 2025, Desay Battery achieved a revenue of 16.103 billion yuan, representing a year-on-year growth of 7.67% [2] - The net profit attributable to shareholders for the same period was 226 million yuan, reflecting a year-on-year increase of 2.02% [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 71,300, up by 1.54% from the previous period [2] - The average number of circulating shares per shareholder decreased by 1.51% to 5,393 shares [2] Dividend Distribution - Since its A-share listing, Desay Battery has distributed a total of 1.484 billion yuan in dividends, with 495 million yuan distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder, holding 4.1265 million shares, a decrease of 1.6379 million shares from the previous period [3] - Other notable institutional shareholders include Southern CSI 1000 ETF, holding 2.1079 million shares, and Huaxia CSI 1000 ETF, holding 1.2542 million shares, both showing slight reductions in their holdings [3]

Core Insights - The article discusses the rapid growth and trends in the energy storage industry, highlighting significant revenue increases and the impact of new policies on the sector [2][3][14]. Policy Analysis - In September 2025, the National Development and Reform Commission and the Energy Administration issued a plan aiming for over 180 GW of cumulative installed renewable energy capacity by 2027, with an average annual growth rate of 37% [3]. - The new energy storage projects added 87.5 GWh in the first three quarters of 2025, with 32.7 GWh added in Q3 alone, reflecting a year-on-year growth of 62.97% [10][18]. Market Performance - In the first half of 2025, the combined revenue from energy storage systems, batteries, and PCS reached approximately 1.2 trillion yuan, with a net profit of about 81 billion yuan, showing an overall year-on-year growth rate exceeding 30% [3][14]. - Q3 2025 saw total revenue in the energy storage sector of approximately 282.5 billion yuan, with net profits around 34.1 billion yuan [5]. Profitability Trends - Despite the revenue growth, the average gross margin for energy storage companies declined by about 2 percentage points compared to the previous year, attributed to rising raw material costs and intensified price competition [4][14]. - Notably, some companies reported net profit increases exceeding 900% in Q3, while most companies experienced revenue growth rates between 20% and 75% [6]. Product Pricing - The average price of 314Ah energy storage cells in Q3 was 0.3052 yuan/Wh, which is 8.43% lower year-on-year but shows a slight increase of 0.23% compared to Q2 [8]. - The market price for commercial energy storage cabinets (215 kWh) stabilized around 0.65 yuan/Wh in Q3, with a price range of 0.53-0.75 yuan/Wh [9]. Future Demand Projections - The demand for energy storage batteries in AI data centers is projected to grow approximately 30 times from 10 GWh in 2024 to over 300 GWh by 2030 [12][15]. - The energy storage sector is transitioning from traditional backup power to dynamic energy management platforms, driven by increasing AI computing power and supportive policies [15].