Investment Rating - The report maintains a "Recommended" rating for the company, with a current stock price of 22.67 yuan [1]. Core Views - The company faces short-term profit pressure due to intense competition in the lithium battery market, but new products and international expansion provide growth potential [1][5]. - In 2024, the company achieved operating revenue of 7.961 billion yuan, a year-on-year increase of 14.83%, but reported a net loss of 252 million yuan, primarily due to fierce price competition in the lithium battery market [5][9]. - The company plans not to distribute cash dividends or issue bonus shares [5]. Summary by Sections Financial Performance - In Q1 2025, the company reported operating revenue of 1.690 billion yuan, a year-on-year increase of 5.83%, with a net loss of 45 million yuan [5]. - The gross profit margin for 2024 was 12.80%, down from 16.51% in 2023, while the gross profit margin for Q1 2025 showed a slight recovery to 14.19% [9]. - The company recorded significant asset impairment losses of 412 million yuan in 2024, which accounted for 5.18% of revenue [9][10]. Market Position and Strategy - The company ranks among the top 9 globally in lithium battery shipments and is positioned as the second in commercial energy storage systems in China [12]. - The company is actively developing new products, including solid-state batteries and large cylindrical cells, and has made progress in various advanced technologies [12]. - The company is expanding its international presence with offices in multiple countries, including the USA, Germany, and Japan, and has established a product integration base in Vietnam [12]. Future Outlook - The report projects a decline in net profit forecasts for 2025 and 2026 to 140 million yuan and 250 million yuan, respectively, due to uncertainties in domestic and international demand [12]. - The company is expected to maintain a focus on strengthening its energy storage business while exploring new markets in consumer and power sectors [12].

Investment Rating - The report maintains a "Recommended" rating for the company, with a current stock price of 22.67 yuan [1]. Core Views - The company faces short-term profit pressure due to intense competition in the lithium battery market, but new products and international expansion provide growth potential [5][10]. - In 2024, the company achieved operating revenue of 7.961 billion yuan, a year-on-year increase of 14.83%, but reported a net loss of 252 million yuan, primarily due to fierce price competition in the lithium battery market [5][9]. - The company plans to not distribute cash dividends or issue bonus shares [5]. Summary by Sections Financial Performance - In 2024, the company reported operating revenue of 7.961 billion yuan, up 14.83% year-on-year, but a net loss of 252 million yuan compared to a profit in the previous year [5][9]. - The first quarter of 2025 saw operating revenue of 1.690 billion yuan, a 5.83% increase year-on-year, with a net loss of 45 million yuan [5]. - The gross profit margin for 2024 was 12.80%, down from 16.51% in 2023, while the first quarter of 2025 showed a slight recovery to 14.19% [9][10]. Market Position and Strategy - The company ranks among the top 9 globally in terms of lithium battery shipments and is positioned as the second in China's commercial energy storage systems [10]. - The company is actively developing new products and has made significant progress in solid-state battery technology and other advanced battery technologies [10]. - The company has established nine overseas offices and is expanding its global market presence, particularly in Southeast Asia [10]. Future Outlook - The company plans to strengthen its three main business segments: energy storage, consumer products, and power systems, while enhancing its global footprint [10]. - The report has adjusted the net profit forecasts for 2025 and 2026 to 140 million yuan and 250 million yuan, respectively, with a new forecast for 2027 at 320 million yuan [10].

02 赣锋锂业公告称，公司与杭州市拱墅区人民政府、杭州市能源集团有限公司分别签署《框架合作协议》《战略合作协议》，三方将开展产业培育和长 效发展合作，建立共赢的长期战略合作发展关系。公司拟在杭州拱墅区投资建设高比能固态电池研发及产业化基地，围绕交通领域电动化新能源产业 拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 03 鹏辉能源2025Q1营收16.9亿元 4月24日，鹏辉能源连续披露2024年及2025年一季度业绩情况，两段时期公司营收均实现增长。具体来看，2024年，鹏辉能源实现营收79.61亿 元，同比增长14.83%；净利润-2.52亿元；扣非净利润-3.22亿元。2025年一季度，鹏辉能源实现营收16.9亿元，同比增长5.83%；净利 润-4498.31万元；扣非净利润-8030.16万元。 ◆ 材料 ◆ GGII： 2024年中国锂电回收市场 ◆ 电池 ◆ 亿纬锂能2025Q1营业收入128亿元 01 亿纬锂能发布2025年第一季度报告， 公司Q1实现营业收入127.96亿元，同比增长37.34%； 扣非归母净利润8.17亿元，同比增长16.60%。 亿 纬锂能动力电池一季度出货达1 ...

【DT新材料】 获悉，4月24日， 发布公告，2025年第一季度，公司实现营业收入为16.9亿元，同比上升5.83%；归母净利润为-4498.31万 元，同比 大幅下降375.01% ；扣非归母净利润为-8030.16万元元，同比 。 一季度，尽管 储能及动力电池 市场需求维持增长， 但行业 产能集中释放 导致竞争加剧，叠加上游原材料价格波动， 公司主营的锂离子电池产品价格 持续承压。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | (%) | | 营业收入(元) | 1.690.096.309.63 | 1,597,013,711.20 | 5.83% | | 归属于上市公司股东的净利 | -44.983.142.63 | 16, 356, 922. 23 | -375.01% | | 润(元) | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | -80,301,589.46 | 4.312.520.23 | -1.962.06% | | (元) | | | | | 经营活动产生的现金流量净 | -217 ...

4月24日，鹏辉能源连续披露2024年及2025年一季度业绩情况，两段时期公司营收均实现增长。 具体来看， 2024年， 鹏辉能源实现营收79.61亿元，同比增长14.83% ； 净利润-2.52亿元；扣非净利润-3.22亿元。 2025年一季度， 鹏辉能源实现营收16.9亿元， 同比增长5.83% ； 净利润-4498.31万元； 扣非净利润-8030.16万元。 据鹏辉能源2024年年报显示，目前其业绩来源主要为 锂离子电池产品，广泛应用于消费、储能、动力等多个领域。去年锂离子电池营收 73.63亿元，同比增加15.11%，占营收比重为92.50%。 | | | | | | 单位:元 | | --- | --- | --- | --- | --- | --- | | | 2024 年 | | 2023 年 | | 同比增减 | | | 金额 | 占营业收入比重 | 金额 | 占营业收入比重 | | | 营业收入合计 | 7,960,507,262.1 | 100% | 6,932,475,479.7 | 100% | 14. 83% | | | 3 | | 5 | | | | 分行业 | | | | | ...

插播 ：TOP10花落谁家？2024-2025用户侧储能项目TOP10榜单征集进行时，点击 上方二维码 进行申报 据行家说 储能不完全统计，2024年至今，已并网的用户侧储能项目近800个，超8.5GWh，总计规模达百MWh以上 的超35个。另外，用户侧储能 项目应用场景也愈发多元化，涵盖光储充、微电网、零碳园区...... 在用户侧储能由政策驱动向市场化价值驱动的关键转折点，为树立行业标杆、让优质项目脱颖而出， 行家说储能特联合权威机构进行"2024-2025 用户侧储能项目TOP10榜单"征集工作。 目前榜单各大奖项正持续申报中，截至目前已有阳光电源、融和元储、精控能源、弘正储能、鹏辉智慧能源、领储宇能、清安储能、睿电绿能、联 盛新能源集团、新巨能等多家企业带着各自的项目提交申报资料，行家说储能特甄选其中的部分项目进行报道。 用户侧储能TOP10申报项目，快来盘 （以下仅为部分项目，排序不分先后） ↓↓↓ ■ 阳光电源： 龙腾特钢用户侧储能项目 由阳光电源参与建设的 龙腾特钢用户侧储能项 目，总规模 20MW/40MWh ，位 于江苏省常熟市。 该项目实现了"光伏+储能+售电"一体化建设模式，预计年发电1 ...

Group 1 - Yilida plans to repurchase shares worth 30 to 50 million yuan for employee stock ownership plans, with a maximum price of 6.5 yuan per share [1] - Yinglian shares two major shareholders plan to reduce their holdings by up to 5% [1][2] - Zhongbing Hongjian reports a net loss of 327 million yuan for 2024, with a revenue decline of 25.29% [2][3] Group 2 - Zhongke Electric reports a net profit increase of 626.56% for 2024, with a revenue growth of 13.72% [3][4] - Yong'an Futures reports a net profit decline of 21.07% for 2024, with a revenue decrease of 8.76% [5][6] - Yongjie New Materials reports a net profit increase of 34.28% for 2024, with a revenue growth of 24.71% [7][8] Group 3 - Xibu Securities reports a net profit increase of 20.38% for 2024, despite a revenue decline of 2.64% [9][10] - Jinying Heavy Industry reports a net profit decline of 35.54% for 2024, with a slight revenue increase of 1.13% [10][11] - Haineng Industry reports a net profit decline of 40.45% for 2024, despite a revenue growth of 16.26% [12][13] Group 4 - Penghui Energy reports a net loss of 252 million yuan for 2024, with a revenue increase of 14.83% [14][15] - Weiming Pharmaceutical reports a net loss of 137 million yuan for 2024, with a revenue decline of 16.14% [16][17] - Huachang Technology reports a net profit increase of 184.26% for 2024, with a revenue growth of 6.74% [18][19] Group 5 - Ancar Detection reports a net loss of 213 million yuan for 2024, with a revenue decline of 3.05% [20][21] - Saiwei Intelligent reports a net loss of 507 million yuan for 2024, with a significant revenue decline of 68.03% [22][23] - Qinglong Pipe Industry reports a net profit increase of 976.43% for 2024, with a revenue growth of 36.71% [24][25] Group 6 - Huayin Electric reports a net loss of 113 million yuan for 2024, with a revenue decline of 16.00% [26][27] - Zhongqi New Materials reports a net profit decline of 61.59% for 2024, with a revenue decrease of 22.88% [28][29] - Guangzheng Eye Hospital reports a net loss of 175 million yuan for 2024, with a revenue decline of 16.94% [30][31] Group 7 - Zhenlan Instrument reports a net profit increase of 2.16% for 2024, with a revenue growth of 11.63% [32][33] - Zaiseng Technology reports a net profit increase of 137.99% for 2024, despite a revenue decline of 10.87% [34][35] - Haitai High-tech reports a net profit increase of 51.34% for 2024, with a revenue growth of 25.26% [36][37] Group 8 - Runze Technology reports a net profit increase of 1.62% for 2024, with a revenue growth of 0.32% [38][39]

Core Viewpoint - Despite a revenue increase, the significant decline in net profit highlights the severe challenges faced by the company in market competition and cost control [1][4]. Group 1: Financial Performance - The company achieved a total revenue of 7.961 billion yuan in 2024, representing a year-on-year growth of 14.83% [1]. - Gross profit was 1.019 billion yuan, down 7.62% from the previous year [1][4]. - The attributable net profit was -252 million yuan, a dramatic decline of 685.72% year-on-year, while the non-recurring net profit was -322 million yuan, down 655.91% [1][4]. Group 2: Market Competition and Challenges - The sharp decline in net profit is primarily attributed to price wars in the battery industry and rising cost pressures [4]. - The company's gross profit also decreased from 1.103 billion yuan in 2023 to 1.019 billion yuan in 2024, indicating insufficient control over raw material procurement and production costs [4]. Group 3: Technological Innovation - The company made significant advancements in technology, launching several competitive products in the energy storage battery sector during the reporting period [4]. - A complete product matrix covering large-scale storage, commercial storage, household storage, and portable storage has been established, with differentiated products developed for various application scenarios [4]. Group 4: Product Development - The company introduced the Fengpeng 600Ah+ large cell technology, which boasts an efficiency higher than 96% under 0.5P conditions and a cycle life exceeding 10,000 times [5]. - The company also launched comprehensive solutions for large-scale storage and commercial storage systems, achieving a 4% efficiency improvement and a 54% reduction in footprint for the "Qingtian 520 Storage Cabinet" [5]. Group 5: Global Market Expansion - The company actively expanded its overseas presence, establishing nine offices in key markets such as the United States, Germany, Japan, and Singapore [6]. - The company has enhanced its global delivery capabilities and built customer trust through a zero-accident operational record, contributing to the successful implementation of major storage projects [6]. - Despite achievements in overseas markets, the company faces the challenge of maintaining growth amid intense international competition and must optimize products and services to meet regional demands [6].

广州鹏辉能源科技股份有限公司 2024 年董事会工作报告 2024 年，公司董事会按照中国证券监督管理委员会、深圳证券交易所相关法律法规 的要求和《公司章程》赋予的职责，严格执行股东大会决议，认真履职，不断加强内部 控制、完善公司治理结构，提升公司规范运作能力。现就公司董事会 2024 年度的工作 报告如下： 一、公司经营情况回顾 2024 年，电池产业竞争加剧，虽劣质产能及低质企业加速出清，但仍无法遏制价格 内卷狂潮，电芯价格已经逼近甚至跌破企业生产成本。面对危机与挑战，公司突围制胜， 向上跃升，公司实现营收 796,050.73 万元，比上年同期增加 14.83%。报告期内归属于 上市公司股东的净利润为-25,245.57 万元，同比下降 685.72%，扣除非经常性损益后归 属母公司股东的净利润-32,145.80 万元，同比下降 654.32%。 二、董事会工作回顾 （一）董事会会议召开情况 2024 年董事会严格按照相关法律法规和《公司章程》的规定召开会议，对公司的重 大事项，进行了认真研究和科学决策。董事会会议的召开和表决程序符合《公司法》《公 司章程》《董事会议事规则》等有关规定。全年公司共召开 ...

广州鹏辉能源科技股份有限公司（以下简称"公司"）2024 年年度报告及摘要于 2025 年 4 月 24 日在中国证监会指定的创业板上市公司信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）公开披露。为便于广大投资者能够更加深入、全面了解 公司的生产经营情况，公司定于 2025 年 5 月 9 日（星期五）下午 15:00 至 17:00 举行 2024 年度业绩网上说明会，本次年度业绩说明会将通过深圳证券交易所提供的"互动易" 平台举行， 活 动 开 始 前 五 个 交 易 日 ， 投资者可以登录"互动易"网站 （http://irm.cninfo.com.cn）进入"云访谈"栏目参与本次年度业绩说明会。 证券代码：300438 证券简称：鹏辉能源 公告编号：2025-008 广州鹏辉能源科技股份有限公司 关于举行 2024 年度业绩网上说明会的公告 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。 本次年度业绩说明会出席人员有：董事长夏信德先生，总裁甄少强先生，财务负责 人潘丽女士，董事会秘书鲁宏力先生，独立董事宋小宁先生，保荐代表 ...