证券代码：300438 证券简称：鹏辉能源 公告编号：2026-007 广州鹏辉能源科技股份有限公司 2、股东会的召集人：公司董事会 关于召开2026年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 广州鹏辉能源科技股份有限公司（以下简称"公司"）第五届董事会第十九次会议 审议通过了《关于提议召开2026年第一次临时股东会的议案》，现将本次会议有关事项 通知如下： 一、召开会议的基本情况 1、股东会届次：2026年第一次临时股东会 3、会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和国公司 法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引 第2号—创业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、会议召开的日期、时间： （1）现场会议召开时间为：2026年1月22日（星期四）下午14:30 （2）网络投票时间为：2026年1月22日 其中，①通过深圳证券交易所交易系统进行网络投票的时间为：2026年1月22日上 午9:15-9:25，9:30-11: ...

广州鹏辉能源科技股份有限公司 第五届董事会第十九次会议决议的公告 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。 一、会议召开情况 广州鹏辉能源科技股份有限公司（以下简称"公司"）第五届董事会第十九次会议 于 2026 年 1 月 5 日下午在公司会议室以现场与通讯结合方式召开。本次会议通知于 2025 年 12 月 31 日以邮件、电话等方式发出，应出席本次会议董事九人，实际出席董事九人， 会议由董事长夏信德先生主持，公司高级管理人员列席了本次会议。会议的召开符合《中 华人民共和国公司法》（以下简称"《公司法》"）、《广州鹏辉能源科技股份有限公 司章程》（以下简称"《公司章程》"）的规定。会议审议并通过了以下决议： 二、会议审议情况 证券代码：300438 证券简称：鹏辉能源 公告编号：2026-001 （一）审议通过了《关于公司发行 H 股股票并在香港联合交易所有限公司主板上市 的议案》（该项议案经表决：同意票 9 票，反对票 0 票，弃权票 0 票） 为深化公司的全球化战略布局，提升公司在国际市场的综合竞争实力，同时打造公 司国际化资本运作平台，增强境外 ...

Core Viewpoint - The company plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange to enhance its global strategy and international market competitiveness [1] Group 1: Issuance Details - The board meeting is scheduled for January 5, 2026, to review the proposal for issuing H-shares [1] - The issuance aims to deepen the company's global strategic layout and improve its ability to raise funds overseas [1] - The company confirms that the issuance complies with the legal regulations of China and Hong Kong [1] Group 2: Uncertainties and Future Disclosures - Specific details regarding the issuance are not yet determined, and there are uncertainties regarding the approval and review processes [1] - The company will disclose information in a timely manner based on the progress of the issuance [1]

Core Viewpoint - The company plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange to enhance its global strategy and overseas financing capabilities [1] Group 1 - The fifth meeting of the company's fifth board of directors will be held on January 5, 2026, to review the proposal for issuing H-shares [1] - The issuance of H-shares is part of the company's strategy to deepen its global presence [1] - The company must comply with relevant domestic and international regulations and obtain necessary approvals for the issuance and listing [1] Group 2 - Specific details regarding the issuance and listing have not been finalized as of the announcement date [1] - There is uncertainty regarding the implementation of the proposed issuance [1]

Core Insights - The global energy storage market is experiencing unprecedented demand, with a projected explosive growth in lithium battery shipments expected to reach 631 GWh in 2025, driven by strong overseas orders from Chinese energy storage companies, which surpassed 160 GWh in the first half of the year, marking a 220% year-on-year increase [4][5][7]. Group 1: Market Overview - The energy storage battery shipment volume is expected to see explosive growth by 2025, with a significant increase in overseas orders from Chinese companies [4]. - The top 15 energy storage battery manufacturers have collectively secured over 450 GWh in orders, primarily from markets in the Middle East, Australia, and Europe [7]. - The utilization rate of production capacity among leading companies is over 90%, with some orders scheduled for delivery as far out as 2026 [4]. Group 2: Key Players and Their Performance - CATL (宁德时代) is projected to maintain its position as the global leader in energy storage, with an estimated shipment of over 140 GWh for the year, and has secured over 300 GWh in orders for 2025, marking a threefold increase from 2024 [8][15]. - EVE Energy (亿纬锂能) has signed contracts exceeding 68 GWh in energy storage orders this year, with significant international collaborations in Europe and Australia [16][22]. - ChuangNeng New Energy (楚能新能源) has seen a remarkable increase in shipments, with projections of over 80 GWh for 2025, reflecting a 300% growth compared to 2024 [23]. - BYD has engaged in multiple large-scale projects, including a 12.5 GWh grid-side storage project in Saudi Arabia, contributing to a total of over 18.8 GWh in public projects [33][37]. - Gotion High-Tech (国轩高科) has secured various projects, including a 1.2 GWh order in Morocco, and is actively expanding its storage network across China [39][40]. Group 3: Strategic Collaborations and Innovations - CATL has established numerous strategic partnerships, including a three-year cooperation agreement with Suyuan Electric for a total of 50 GWh [9][10]. - EVE Energy has signed a strategic cooperation agreement with China Gas to achieve 1 GWh in orders within a year, focusing on both domestic and international markets [22]. - ChuangNeng New Energy has actively participated in bidding for major projects, securing significant contracts with state-owned enterprises [25]. - 瑞浦兰钧 has signed multiple agreements totaling 26.5 GWh in storage projects, with a strong focus on household storage solutions [32]. - Penghui Energy (鹏辉能源) has reported a third-quarter shipment of 6.74 GWh, with a significant increase in gross margin from 12% to 21% [48].

Core Viewpoint - Penghui Energy's stock price has shown significant volatility, with a year-to-date increase of 94.24%, but recent declines in the short term raise questions about future performance [2]. Group 1: Stock Performance - As of December 30, Penghui Energy's stock price was 54.60 CNY per share, down 2.03% during the trading session, with a total market capitalization of 27.483 billion CNY [1]. - The stock has experienced a 0.96% decline over the last five trading days and a 0.66% decline over the last 20 days, while showing a 39.43% increase over the last 60 days [2]. Group 2: Trading Activity - On December 30, the net outflow of main funds was 7.7764 million CNY, with large orders accounting for 15.46% of total buying and 15.78% of total selling [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 55.9676 million CNY on October 30, representing 21.24% of total trading volume [2]. Group 3: Company Overview - Penghui Energy, established on January 18, 2001, and listed on April 24, 2015, specializes in the research, production, and sales of lithium-ion batteries and primary batteries, with 98.89% of its revenue coming from lithium-ion batteries [2]. - The company is classified under the power equipment industry, specifically in the battery and lithium battery sectors, and is associated with various concept sectors including wireless headphones and electronic cigarettes [2]. Group 4: Financial Performance - For the period from January to September 2025, Penghui Energy reported a revenue of 7.581 billion CNY, reflecting a year-on-year growth of 34.23%, and a net profit attributable to shareholders of 115 million CNY, up 89.33% year-on-year [2]. - The company has distributed a total of 252 million CNY in dividends since its A-share listing, with 9.924 million CNY distributed over the past three years [3]. Group 5: Shareholder Information - As of December 19, 2025, the number of shareholders was 52,200, a decrease of 3.32%, with an average of 7,746 circulating shares per person, an increase of 3.43% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 8.2992 million shares, an increase of 5.4258 million shares compared to the previous period [3].

Group 1: Market Outlook - The equity market is expected to continue its upward trend due to clear domestic policy, strong economic growth momentum, and relatively loose market liquidity[3] - Investors are advised to actively position for the spring market, focusing on sectors with improving performance and benefiting from policies[3] Group 2: Recommended Stocks - BeiGene (688235.SH): Global sales of its core product, Zanubrutinib, reached $2.78 billion in the first three quarters of 2025, a year-on-year increase of 53.2%[4] - Beijing Junzheng (300223.SZ): The storage cycle is on the rise, and the company is expected to benefit from the L3 autonomous driving market[11] - Haiguang Information (688041.SH): The company is a leading domestic computing power provider, with revenue maintaining rapid growth in the first three quarters of 2025[18] - Daotong Technology (688208.SH): The company has seen rapid revenue growth and is advancing its AI strategy[26] - Penghui Energy (300438.SZ): The company ranks among the top three globally in household storage cell shipments in the first three quarters of 2025[32] - Goldwind Technology (002202.SZ): The gross margin for wind turbine and component business reached 7.97% in the first half of 2025, showing significant improvement[39] - Chifeng Gold (600988.SH): The company is expected to benefit from rising gold prices and increased production from new mining projects[46] - Luoyang Molybdenum (603993.SH): The company is positioned to benefit from rising copper prices and increased production[52] - Huaxin Cement (600801.SH): The company reported a 120.7% year-on-year increase in net profit attributable to shareholders in Q3 2025[57] - China Pacific Insurance (601601.SH): The company has maintained a high dividend yield, exceeding 3% since 2018[65]

Core Viewpoint - The A-share market's lithium battery sector is experiencing a significant pullback, with major companies like Xinwangda and Tianhong Lithium Battery seeing substantial declines in stock prices due to anticipated decreases in domestic demand for lithium batteries in early 2026 [1] Group 1: Market Performance - Xinwangda's stock dropped over 11%, with a total market value of 48.8 billion and a year-to-date increase of 19.72% [2] - Tianhong Lithium Battery fell by over 4.5%, with a market capitalization of 3.193 billion and a year-to-date increase of 108.62% [2] - Yiwai Lithium Energy decreased by over 4%, holding a market value of 142.8 billion and a year-to-date increase of 49.41% [2] - Derui Lithium Battery and Weilan Lithium Core both saw declines of over 3%, with market values of 2.649 billion and 20.8 billion respectively [2] Group 2: Demand Forecast - The domestic demand for new energy lithium batteries is expected to decline significantly in early 2026, with a projected drop of at least 30% in sales of new energy passenger vehicles due to policy adjustments on vehicle purchase taxes [1] - The commercial vehicle sector is also anticipated to face a substantial decrease in demand following a rush for subsidies and tax exemptions at the end of the previous year [1] - Exports of new energy passenger vehicles are expected to remain strong, but this will not significantly boost the demand for batteries from independent suppliers [1] - The demand for domestic battery exports to the U.S. is projected to decline sharply, with no significant impact from U.S. AI storage needs on domestic battery suppliers [1] - Domestic energy storage tender prices are significantly below 300 yuan per kilowatt-hour, leading to weakened demand for price increases, and vehicle batteries cannot absorb the cost losses from energy storage [1]

Core Viewpoint - China Mobile has announced a centralized procurement project for lithium iron phosphate batteries for communication from 2026 to 2028, with a procurement scale of approximately 8.229 billion Ah (2.633 GWh) [2][4]. Group 1: Procurement Details - The number of winning bidders is set to be between 9 to 10, with share allocations varying based on the number of bidders. If 9 companies win, the shares will be 17.07%, 14.63%, 13.41%, 12.20%, 10.98%, 9.76%, 8.54%, 7.32%, and 6.09%. If 10 companies win, the shares will be 15.63%, 13.54%, 12.50%, 11.46%, 10.42%, 9.38%, 8.33%, 7.29%, 6.25%, and 5.20% [2][4][5]. - The highest bid limit is set based on the average market price of lithium iron phosphate and electrolyte as of the last pricing cycle before the bid submission deadline [5]. Group 2: Bidder Qualifications - Bidders must be legally established independent entities within the People's Republic of China and must be manufacturers, as agent bids and joint bids are not accepted [6][7]. - Bidders must provide a complete range of capacity specifications for the lithium iron phosphate battery products, with a sales performance of no less than 50 million RMB in the domestic market from July 1, 2022, to June 30, 2025 [6][7]. Group 3: Submission and Evaluation Process - Bids must be submitted electronically through China Mobile's procurement system, with a deadline set for February 9, 2026, at 10:00 AM [11]. - The evaluation of bids will include a qualification review, and any bids that do not pass this review will be rejected [10].

12月26日，鹏辉能源盘中下跌2.03%，截至09:53，报56.38元/股，成交4.86亿元，换手率2.10%，总市值 283.78亿元。 资金流向方面，主力资金净流入4649.47万元，特大单买入8119.97万元，占比16.71%，卖出2966.31万 元，占比6.11%；大单买入9346.07万元，占比19.24%，卖出9850.26万元，占比20.27%。 鹏辉能源今年以来股价涨100.57%，近5个交易日涨9.41%，近20日跌2.83%，近60日涨54.38%。 分红方面，鹏辉能源A股上市后累计派现2.52亿元。近三年，累计派现9924.72万元。 机构持仓方面，截止2025年9月30日，鹏辉能源十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股829.92万股，相比上期增加542.58万股。南方中证1000ETF（512100）位居第七大流通股 东，持股321.88万股，相比上期减少2.79万股。 责任编辑：小浪快报 鹏辉能源所属申万行业为：电力设备-电池-锂电池。所属概念板块包括：无线耳机、电子烟、参股新三 板、小米概念、新能源车等。 截至12月19日，鹏辉能源股东户数5.22万 ...