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].

Core Viewpoint - Desay Battery's stock price has shown a year-to-date increase of 20.28%, but has recently experienced a slight decline in the last five and twenty trading days [2]. Group 1: Stock Performance - As of November 5, Desay Battery's stock rose by 2.01% to 27.88 CNY per share, with a trading volume of 1.30 billion CNY and a turnover rate of 1.24%, resulting in a total market capitalization of 10.724 billion CNY [1]. - Year-to-date, the stock price has increased by 20.28%, with a decline of 1.73% over the last five trading days and a slight decrease of 0.11% over the last twenty days [2]. - Over the past sixty days, the stock price has increased by 20.02% [2]. Group 2: Company Overview - Desay Battery, established on September 4, 1985, and listed on March 20, 1995, is located in Nanshan District, Shenzhen, Guangdong Province, and specializes in the production of power management systems and various lithium batteries [2]. - The company's revenue composition 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 [2]. - As of September 30, 2025, the number of shareholders reached 71,300, an increase of 1.54% from the previous period, with an average of 5,393 circulating shares per person, a decrease of 1.51% [2]. Group 3: Financial Performance - For the period from January to September 2025, Desay Battery achieved a revenue of 16.103 billion CNY, representing a year-on-year growth of 7.67%, while the net profit attributable to shareholders was 226 million CNY, reflecting a growth of 2.02% [2]. - The company has distributed a total of 1.484 billion CNY in dividends since its A-share listing, with 495 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 4.1265 million shares, a decrease of 1.6379 million shares from the previous period [3]. - Other notable shareholders include Southern CSI 1000 ETF, holding 2.1079 million shares (a decrease of 14,700 shares), and Huaxia CSI 1000 ETF, holding 1.2542 million shares (a decrease of 1,130 shares) [3].

Core Viewpoint - Desay Battery's stock price has shown fluctuations, with a recent decline of 2.05% and a year-to-date increase of 17.60%, indicating mixed market sentiment towards the company [1][2]. Financial Performance - For the period from January to September 2025, Desay Battery achieved a revenue of 16.103 billion yuan, reflecting a year-on-year growth of 7.67%, while the net profit attributable to shareholders was 226 million yuan, up by 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 and Market Activity - As of September 30, 2025, the number of shareholders increased to 71,300, with an average of 5,393 circulating shares per person, a decrease of 1.51% from the previous period [2]. - The stock's trading activity showed a net outflow of 10.8266 million yuan from major funds, with significant selling pressure observed in large orders [1]. Business Overview - Desay Battery, established in September 1985 and listed in March 1995, specializes in the production of power management systems and various lithium batteries, with a revenue composition that includes 31.93% from smartphones and 19.92% from electric tools and smart home products [1].

Core Viewpoint - Desay Battery, established in 1985 and listed in 1995, is a leading company in China's lithium battery power management systems, with strong technical capabilities and a complete industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Desay Battery reported revenue of 16.103 billion, ranking 5th in the industry out of 31 companies, significantly lower than the top company, CATL, with 283.072 billion, and the second, Yiwei Lithium Energy, with 45.002 billion [2] - The net profit for the same period was 167 million, ranking 11th in the industry, again showing a substantial gap compared to CATL's 52.297 billion and Yiwei's 2.977 billion [2] Group 2: Financial Ratios - As of Q3 2025, Desay Battery's debt-to-asset ratio was 61.86%, slightly down from 61.96% year-on-year but higher than the industry average of 48.67% [3] - The gross profit margin for the same period was 8.96%, down from 9.57% year-on-year and below the industry average of 17.44% [3] Group 3: Executive Compensation - The chairman, Liu Qi, received a salary of 1.5453 million in 2024, a decrease of 307,000 from 2023 [4] - The general manager, He Wenbin, earned 1.2377 million in 2024, down by 279,900 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.54% to 71,300, while the average number of circulating A-shares held per account decreased by 1.51% to 5,393.04 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 4.1265 million shares, a decrease of 1.6379 million from the previous period [5]

Group 1 - Desay Battery announced the convening of its 11th Board of Directors meeting on October 27, 2025, to review the Q3 2025 report and other documents [1] - For the first half of 2025, Desay Battery's revenue composition was 100% from the industrial sector [1] - As of the report date, Desay Battery's market capitalization was 10.5 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's new "slow bull" pattern [1]

Core Points - Desai Battery announced that its current independent directors, Wu Liming, Song Wenji, and Li Han, will complete their six-year term on November 13, 2025, as per regulations [2] - The company held its 11th Board of Directors' 8th meeting on October 27, 2025, where it approved the proposal for the independent directors' term expiration and the election of new independent directors [2] - The board has nominated Xiong Zhongmin, Wang Jiang, and Chen Qiufeng as candidates for the new independent directors, with their term starting from the date of approval by the shareholders' meeting until the end of the 11th Board's term [2]

Core Viewpoint - Desay Battery (000049.SZ) reported a revenue of 16.1 billion yuan for the first three quarters, reflecting a year-on-year growth of 7.67% [1] - The net profit attributable to shareholders of the listed company reached 226 million yuan, marking a year-on-year increase of 2.02% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 177 million yuan, with a year-on-year growth of 1.57% [1] Financial Performance - Revenue for the first three quarters: 16.1 billion yuan, up 7.67% year-on-year [1] - Net profit attributable to shareholders: 226 million yuan, up 2.02% year-on-year [1] - Net profit after deducting non-recurring gains and losses: 177 million yuan, up 1.57% year-on-year [1]