Group 1 - The core point of the news is that Haopeng Technology has seen a significant increase in the number of shareholders, with a total of 12,277 shareholders as of June 30, 2025, representing a 40.78% increase from March 31, 2025 [1][2] - The average number of shares held per shareholder decreased from 9,402 shares to 6,566 shares, with an average market value of 357,500 yuan per shareholder [1][2] - Compared to the industry average, Haopeng Technology's shareholder count is below the average of 48,700 shareholders in the battery industry, and its average market value per shareholder is also lower than the industry average of 457,400 yuan [1][2] Group 2 - From March 31, 2025, to June 30, 2025, Haopeng Technology's stock price experienced a decline of 2.94%, despite the increase in shareholder numbers [1][2] - During the same period, the net inflow of funds from major investors was 17.39 million yuan, while retail investors experienced a net outflow of 12.72 million yuan [2]

Group 1: Financial Performance - The company achieved a revenue of CNY 2.763 billion, representing a year-on-year growth of 19.29% [3] - The net profit attributable to shareholders reached CNY 96.71 million, a significant increase of 252.49% [3] - The net profit after deducting non-recurring gains and losses was CNY 79.84 million, up 366.27% year-on-year [3] - The weighted average return on net assets was 4.03%, an increase of 2.94 percentage points compared to the previous year [3] Group 2: Strategic Focus and Market Positioning - The company is transitioning from a "consumer battery manufacturer" to a leader in "AI + edge hardware new energy solutions" [3] - The strategy emphasizes deep partnerships with leading brand clients, focusing on co-innovation rather than a simple supplier role [8] - The company aims to become a leader in the AI + edge hardware new energy solutions market, supported by a robust technical foundation [4] Group 3: Product Development and Innovation - The company is advancing in solid-state technology, with semi-solid battery production capacity increasing to meet high-end customer demands [4] - The innovative stacked steel shell battery solution addresses urgent needs for improved battery life, with mass deliveries to AI glasses clients starting in Q3 [3] - The company is actively developing energy module solutions for robotics, with plans for mass production of AI companion robots and quadruped robots in the second half of 2025 [3] Group 4: Research and Development Strategy - R&D investments are increasingly focused on high-return, high-value AI + business areas, including high-voltage positive electrodes and silicon-based negative electrodes [9] - The company aims to enhance R&D efficiency through precise targeted development in collaboration with leading brand clients [9] - The integration of AI and machine learning tools is expected to improve R&D effectiveness [9] Group 5: Customer Engagement and Market Expansion - The company is deepening strategic partnerships with leading brands in the low-altitude economy sector, customizing solutions based on client needs [3] - AI-related products are expected to contribute significantly to revenue, with the proportion of AI business in total revenue set to increase as new products launch [7] - The company is experiencing growth in collaboration with key clients in the digital imaging sector, with expectations for accelerated shipments [11]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 2.763 billion yuan, a year-on-year growth of 19.29%, and a net profit of 97 million yuan, up 252.49% year-on-year [1] - The company is transitioning from a "consumer battery manufacturer" to a leader in "AI + edge hardware new energy solutions," with a strong focus on AI strategies [2] - The company has established strategic partnerships with major global clients like HP, DJI, Dell, and Sony, leading to breakthroughs in emerging AI application scenarios [3] Financial Performance - In Q2 2025, the company achieved revenue of 1.538 billion yuan, a year-on-year increase of 16.3% and a quarter-on-quarter increase of 25.6% [1] - The net profit for Q2 2025 was 65 million yuan, reflecting a year-on-year growth of 167.4% and a quarter-on-quarter growth of 104% [1] - The gross margin for H1 2025 was 18.74%, showing a slight decrease of 0.30 percentage points year-on-year, while the net margin improved to 3.50%, an increase of 2.32 percentage points year-on-year [1] Business Segments - The consumer application segment generated revenue of 2.441 billion yuan in H1 2025, growing by 9.52% year-on-year, with a gross margin of 18.54% [2] - The energy storage application segment experienced rapid growth, with revenue of 252 million yuan in H1 2025, a remarkable year-on-year increase of 293.76%, and has turned from a loss to profitability [2] Strategic Initiatives - The company launched an employee stock ownership plan in July 2025, focusing on core R&D and manufacturing personnel, demonstrating commitment to long-term development [3] - The company announced the early redemption of "Haopeng Convertible Bonds" in August 2025, reflecting management's confidence in the company's current value and future growth [3] - The company has completed two rounds of share buybacks, totaling nearly 300 million yuan, indicating strong recognition of its value [3] Future Outlook - The company is projected to achieve revenues of 6.210 billion, 7.355 billion, and 8.522 billion yuan from 2025 to 2027, with year-on-year growth rates of 21.6%, 18.4%, and 15.9% respectively [4] - The expected net profits for the same period are 257 million, 374 million, and 454 million yuan, with year-on-year growth rates of 182.1%, 45.3%, and 21.4% respectively [4] - The company is expected to maintain a price-to-earnings ratio (PE) of 28, 19, and 16 for the years 2025, 2026, and 2027 respectively [4]

| 证券简称：豪鹏科技 公告编号：2025-082 | | --- | | 证券代码：001283 | 债券代码：127101 债券简称：豪鹏转债 深圳市豪鹏科技股份有限公司 关于"豪鹏转债"转股数额累计达到转股前 公司已发行股份总额 20%的公告 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。 特别提示： 1、转股情况：截至 2025 年 8 月 18 日，深圳市豪鹏科技股份有限公司（以 下简称"公司"）向不特定对象公开发行可转换公司债券（以下简称"豪鹏转债"） 累计转股数额为 16,960,592 股，占"豪鹏转债"开始转股前公司已发行股份总额 82,184,344 股的 20.64%。 2、"豪鹏转债"未转股情况：截至 2025 年 8 月 18 日，公司尚有 2,481,675 张"豪鹏转债"未转股，占公司可转债发行总量 11,000,000 张的 22.56%。 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意 深圳市豪鹏科技股份有限公司向不特定对象发行可转换公司债券注册的批 ...

| | | 债券代码：127101 债券简称：豪鹏转债 深圳市豪鹏科技股份有限公司 | 1．基本情况 信息披露义务人 | 潘党育 | | --- | --- | | 住所 | 深圳市龙岗区平湖街道新厦大道 号 栋 68 A7 | | 权益变动时间 | 2025 年 8 月 13 日-2025 年 8 月 18 日 | | 权益变动过程 | 年 月 年 月 日，因公司可转换公司债券转股，公 2025 8 13 日-2025 8 18 司总股本由 90,756,691 股增加至 95,020,604 股，致公司控股股东潘党育 先生、豪鹏控股、珠海安豪持股比例被动稀释，不涉及其持股数量的变 | | | 化。本次变动，不会对公司的控制权稳定及生产经营产生影响。 | | 股票简称 豪鹏科技 | 股票代码 001283 | 变动方向 上升□ 下降 一致行动人 有 无□ 是否为第一大股东或实际控制人 是 否□ 2．本次权益变动情况 股份种类（A 股、B 股等） 增持/减持/其他变动股数（万股） 增持/减持/其他变动比例（%） 潘党育/A 股 0 被动稀释 0.86% 豪鹏控股/A 股 0 被动稀释 0.14% 珠海安豪/A ...

| 证券代码：001283 | 证券简称：豪鹏科技 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：127101 | 债券简称：豪鹏转债 | | 深圳市豪鹏科技股份有限公司 关于提前赎回"豪鹏转债"的第九次提示性公告 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。 特别提示： 1、"豪鹏转债"赎回价格：100.34 元/张（含当期应计利息，当期年利率为 0.50%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公 司深圳分公司（以下简称"中登公司"）核准的价格为准。 2、赎回条件满足日：2025 年 8 月 7 日 3、停止交易日：2025 年 8 月 26 日 4、赎回登记日：2025 年 8 月 28 日 5、赎回日：2025 年 8 月 29 日 6、停止转股日：2025 年 8 月 29 日 7、赎回资金到账日（到达中登公司账户）：2025 年 9 月 3 日 8、投资者赎回款到账日：2025 年 9 月 5 日 9、赎回类别：全部赎回 10、最后一个交易日（2025 年 8 月 25 日）可转债 ...

Core Insights - The company reported a revenue of 2.763 billion yuan for the first half of 2025, representing a year-on-year growth of 19.29% [1] - The net profit attributable to shareholders reached 96.71 million yuan, showing a significant increase of 252.49% year-on-year [1] - The company is focusing on AI hardware upgrades and new energy technology innovations to enhance its core competitiveness and drive high-quality business growth [1] Business Development - The company has completed capacity integration and upgraded its intelligent manufacturing system, which has contributed to its growth [1] - The company is actively expanding its emerging business areas, which are showing promising trends [1] - A cross-disciplinary R&D team has been established, led by experts in electrochemistry and artificial intelligence, focusing on four core strategic research directions [2] R&D Focus - The R&D efforts are concentrated on high-voltage positive electrode materials, high-silicon negative electrode applications, innovative steel shell stacking processes, and solid-state battery technologies [2] - The goal of the R&D initiatives is to significantly improve battery energy density, cycle life, and safety performance to meet the demanding power and space requirements of AI terminals [2] - The company aims to overcome the "safety-performance-volume" trade-off in AI terminal battery products through breakthroughs in the aforementioned technologies [2]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a potential upside of over 15% relative to the benchmark index [4][6]. Core Insights - The company achieved a revenue of 2.763 billion yuan in the first half of 2025, representing a year-on-year growth of 19.29%. The net profit attributable to shareholders was 97 million yuan, up 252.49% year-on-year, with a non-recurring net profit of 80 million yuan, growing 366.27% year-on-year [1][2]. - The company is transitioning from a "consumer battery manufacturer" to a leader in "AI + edge hardware new energy solutions," with significant growth in both consumer and energy storage application scenarios [2][3]. - The company has established strategic partnerships with major global clients such as HP, DJI, Dell, and Sony, and is making significant strides in emerging AI application scenarios [3]. Financial Performance - In Q2 2025, the company reported a revenue of 1.538 billion yuan, a year-on-year increase of 16.3% and a quarter-on-quarter increase of 25.6%. The net profit for the same period was 65 million yuan, reflecting a year-on-year growth of 167.4% and a quarter-on-quarter growth of 104% [1]. - The gross margin for the first half of 2025 was 18.74%, with a net margin of 3.50%, showing a year-on-year increase of 2.32 percentage points [1]. - The company expects revenues for 2025-2027 to reach 6.21 billion, 7.36 billion, and 8.52 billion yuan, with corresponding net profits of 257 million, 374 million, and 454 million yuan, indicating robust growth rates [4][5]. Strategic Initiatives - The company launched an employee stock ownership plan in July 2025, focusing on core R&D and manufacturing personnel, reflecting confidence in long-term development [3]. - The company plans to double its cooperation scale with key players in the low-altitude economy, particularly in the drone sector, while also expanding its client base in this area [3].

| | 本报告期 | | | --- | --- | --- | | 营业收入(元) | 2,762,767,014.17 | 2, : | | 归属于上市公司股东的净利润(元) | 96, 710, 693. 57 | | | 归属于上市公司股东的扣除非经常性损益的净利润(元) | 79, 839, 749. 71 | | | 经营活动产生的现金流量净额(元) | 91, 437, 293. 91 | | | 基本每股收益(元/股) | 1.29 | | | 稀释每股收益(元/股) | 1.29 | | | 加权平均净资产收益率 | 4. 03% | | | | 本报告期末 | | | 总资产(元) | 8, 476, 916, 629. 84 | 8. ' | | 归属于上市公司股东的净资产(元) | 2, 384, 485, 669. 08 | 2, · | 以8月18日收盘价计算，豪鹏科技目前市盈率（TTM）约为44.93倍，市净率（LF）约3.02倍，市销率（TTM）约1.3倍。 市盈率(TTM)历史分位(%) 001 900 82 49 80 70 60 52638 50 40 38.8 30 2 ...

豪鹏科技2025半年报 ...