上海市锦天城（深圳）律师事务所 关于深圳市华宝新能源股份有限公司 2025 年第五次临时股东会的 法律意见书 深圳市福田中心区福华三路卓越世纪中心1号楼21、22、23层 www.allbrightlaw.com 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于深圳市华宝新能源股份有限公司 2025 年第五次临时股东会的 法律意见书 致：深圳市华宝新能源股份有限公司 上海市锦天城（深圳）律师事务所（以下简称"本所"）接受深圳市华宝新 能源股份有限公司（以下简称"华宝新能"或"公司"）委托，指派本所律师出席 公司 2025 年第五次临时股东会（以下简称"本次股东会"或"会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）《上市公司股东会规则》 （以下简称"《股东会规则》"）等法律、法规、部门规章和规范性文件以及 《深圳市华宝新能源股份有限公司章程》（以下简称"《公司章程》"）的规定， 就公司本次股东会的召集与召开程序、出席会议人员资格、召集人资格、会议 表决程序和表决结果的合法性等有关事宜，出具本法律意见书 ...

Group 1 - The core viewpoint of the article highlights the explosive growth in global clean energy demand and the commitment of Huabao New Energy to transform this demand into core momentum for the entire industry chain through the "New Energy No. 1 Building" [1] - Huabao New Energy launched three zero-carbon initiatives: 1) Building an industrial collaborative ecosystem to promote low-carbon upgrades across the energy production, storage, and application chain; 2) Integrating zero-carbon concepts into the entire cooperation process to create low-carbon demonstration benchmarks; 3) Promoting social low-carbon awareness to engage more societal forces in the zero-carbon movement [1] - The company aims to make green energy ubiquitous, focusing on affordable, portable, and reliable green energy solutions for global users [2] Group 2 - Huabao New Energy has established a comprehensive green low-carbon value chain from internal production to end product delivery, supported by continuous investment in green product research and development [2] - As of June 30, 2025, the company has sold solar panels that have saved approximately 1.25 billion kWh of electricity and reduced carbon emissions by 1.243 million tons, demonstrating the tangible ecological value of its green initiatives [2]

Core Viewpoint - The company, Huabao New Energy, is focused on the research, development, production, and sales of lithium battery energy storage products, with a significant portion of its revenue coming from overseas markets, benefiting from the depreciation of the RMB [4][8]. Company Overview - Huabao New Energy was established on July 25, 2011, and went public on September 19, 2022. The company specializes in lithium battery energy storage products, with portable energy storage products constituting 77.46% of its main business revenue [8]. - The company has developed strong supplier relationships with high-quality partners such as Panasonic, LG Chem, and BYD, and has expanded its customer base to include well-known brands like Tesla and BMW [3][8]. Financial Performance - For the first half of 2025, Huabao New Energy reported a revenue of 1.637 billion yuan, representing a year-on-year growth of 43.32%, and a net profit attributable to shareholders of 123 million yuan, up 68.31% year-on-year [8]. - The company has distributed a total of 378 million yuan in dividends since its A-share listing [9]. Market Activity - On September 30, 2023, Huabao New Energy's stock price fell by 1.86%, with a trading volume of 184 million yuan and a turnover rate of 3.19%, resulting in a total market capitalization of 13.159 billion yuan [1]. - The stock has seen a net outflow of 14.619 million yuan from major investors, indicating a lack of clear trend in major holdings [5][6]. Strategic Collaborations - The company has entered into a strategic partnership with Zhongbi New Energy to jointly develop sodium-ion batteries, leveraging both parties' technological advantages [2]. - Huabao New Energy utilizes advanced IBC battery technology in its portable solar products, achieving an industry-leading conversion efficiency of up to 25% [2]. Shareholder Composition - As of June 30, 2025, the number of shareholders increased by 15.49% to 13,400, with an average of 3,580 circulating shares per person, up 20.37% [8][9]. - Notable shareholders include Guangfa High-end Manufacturing Stock A and Hong Kong Central Clearing Limited, with significant increases in holdings [9].

Core Viewpoint - The global demand for clean energy is experiencing explosive growth, and the green transition has become an irreversible trend. Huabao New Energy aims to transform its commitment to green energy into core driving forces for the entire industry chain [1][2]. Group 1: Company Initiatives - Huabao New Energy held the groundbreaking ceremony for the "New Energy No. 1 Building" in Shenzhen, emphasizing its mission to make green energy ubiquitous [1]. - The company has established a comprehensive low-carbon value chain, from internal manufacturing to end-product delivery, through continuous investment in green product research and development [1]. - Huabao New Energy has set a long-term development plan for "green factories," with 18 green electricity products certified for carbon footprint by TÜV Rheinland [1]. Group 2: Environmental Impact - As of June 30, 2025, Huabao New Energy's sold solar panels are expected to save approximately 1.25 billion kWh of electricity and reduce carbon emissions by 1.243 million tons, translating green concepts into tangible ecological value [1]. Group 3: Industry Trends - The dual focus on technological innovation and ecological implementation is becoming mainstream in the global new energy industry, with companies like Huabao New Energy providing practical pathways for the ecological development of green energy [2]. - The acceleration of the global green electricity market expansion is fostering confidence and opportunities for the ecological development of green energy, propelling the arrival of a zero-carbon future [2].

Core Viewpoint - The company, Huabao New Energy, is experiencing growth in its portable energy storage products and has strategic partnerships in battery technology, benefiting from the depreciation of the RMB and increasing overseas revenue [2][3]. Company Overview - Huabao New Energy, established on July 25, 2011, focuses on the research, development, production, and sales of lithium battery storage products, with portable energy storage products constituting 77.46% of its revenue [7]. - The company has developed a strong supply chain with high-quality suppliers such as Panasonic and LG Chem, and has expanded its customer base to include well-known brands like Tesla and BMW [2][7]. - As of June 30, 2025, the company reported a revenue of 1.637 billion yuan, a year-on-year increase of 43.32%, and a net profit of 123 million yuan, up 68.31% year-on-year [7]. Financial Performance - The company's overseas revenue accounts for 95.09% of total revenue, benefiting from the depreciation of the RMB [3]. - The company has distributed a total of 378 million yuan in dividends since its A-share listing [8]. Market Activity - On September 26, the stock price of Huabao New Energy increased by 1.68%, with a trading volume of 284 million yuan and a turnover rate of 4.92%, bringing the total market capitalization to 12.904 billion yuan [1]. - The stock has shown signs of accumulation, with an average trading cost of 68.50 yuan, and is currently trading between resistance at 77.90 yuan and support at 65.50 yuan [6]. Shareholder Composition - As of June 30, 2025, the number of shareholders increased by 15.49% to 13,400, with an average of 3,580 shares held per shareholder, up 20.37% [7][8]. - Notable institutional shareholders include Guangfa High-end Manufacturing Stock A and Hong Kong Central Clearing Limited, with significant increases in holdings [8].

Group 1 - Fangyuan Co., Ltd. experienced a 20% limit-up in stock price [1] - Penghui Energy saw an increase of over 9% in its stock price [1] - Other companies such as Wanrun New Energy, Huabao New Energy, Xinwanda, Tianhong Lithium Battery, and Zhongwei Co., Ltd. also experienced stock price increases [1]

Core Viewpoint - The company, Huabao New Energy, has shown significant growth in its stock performance and financial metrics, driven by advancements in battery technology and strategic partnerships in the energy storage sector [1][2][3]. Company Overview - Huabao New Energy, established in 2011, focuses on the research, development, production, and sales of lithium battery storage products, with portable energy storage products as its core offering [7]. - The company has a revenue composition where portable energy storage products account for 77.46%, solar photovoltaic panels for 20.84%, and other products for 1.37% [7]. - As of June 30, 2025, Huabao New Energy reported a revenue of 1.637 billion yuan, representing a year-on-year growth of 43.32%, and a net profit of 123 million yuan, up 68.31% year-on-year [7]. Strategic Partnerships and Technology - The company utilizes advanced IBC battery technology in its portable solar products, achieving a conversion efficiency of up to 25% [2]. - A strategic partnership with Zhongbi New Energy was established to jointly develop sodium-ion batteries, exploring their application in end products [2]. Market Position and Financial Performance - As of the latest report, 95.09% of the company's revenue comes from overseas markets, benefiting from the depreciation of the Chinese yuan [3]. - The stock has seen a recent increase of 7.55%, with a trading volume of 318 million yuan and a market capitalization of 12.526 billion yuan [1]. Shareholder Composition - As of June 30, 2025, the number of shareholders increased by 15.49% to 13,400, with an average of 3,580 shares held per shareholder, up 20.37% [7]. - Notable institutional shareholders include Guangfa High-end Manufacturing Stock A and Hong Kong Central Clearing Limited, with significant increases in holdings [8].

Summary of Huabao New Energy Conference Call Company Overview - **Company**: Huabao New Energy - **Industry**: Energy Storage Solutions Key Points Financial Performance - In 2023, Huabao New Energy experienced a revenue decline of **27.7%** and reported a loss, primarily due to inventory destocking [2][3] - The company expects to complete inventory destocking by the first half of 2024, with new products projected to account for **75%** of sales in the second half of 2024, driving significant market share growth [2][4] - Revenue growth is anticipated to be **65%** in Q2 2025, although net profit margin is expected to drop to single digits due to high tariffs [2][10] Product Lines - Huabao New Energy's product lines include: 1. **Portable Energy Storage**: Core business, primarily in the US and Japan, used for outdoor activities and emergency backup [7][8] 2. **Mobile Home Energy Storage**: Suitable for household power supply, priced lower than large home storage systems, also focused on the US and Japan [7][8] 3. **Balcony Solar Storage**: Targeted at the European market, designed for energy savings through photovoltaic systems [7][8] Market Dynamics - The portable energy storage market is growing rapidly, with Huabao holding approximately **10%** global market share, and over **30%** in the US online market [14] - The balcony solar storage industry is in a growth phase, with Germany's relaxed policies stimulating market demand, potentially creating a market space of **$10-20 billion** annually [5][13] - The mobile home storage market is projected to generate **$4 million** in revenue this year, with expectations to reach **$15 million** next year [19] Regional Performance - The US market accounts for about **50%** of the company's environmental performance business, while Japan accounts for **30%** and Europe has increased from **5%** to **10%** in market share [11] - The European market has seen a doubling in growth due to the introduction of new products and recruitment of specialized talent [11][13] Future Outlook - Revenue is expected to grow by **50%** from 2025 to 2026, with profit margins anticipated to recover to over **8%** [6][21] - The company plans to enhance its product line to meet diverse market demands in the US, Japan, and Europe, aiming to improve profit margins and solidify its industry position [9][22] Tariff Impact - High tariffs significantly impacted profit margins in Q2, but a reduction to **40.7%** in Q3, along with cost control measures, is expected to improve profitability [21] - The release of Southeast Asian production capacity is anticipated to further reduce costs and improve net profit margins [21] Conclusion - Overall, Huabao New Energy is positioned for significant growth, driven by strong brand power, effective new product launches, and resolution of tariff issues, indicating a positive future performance outlook [22][23]

证券代码：301327 证券简称：华宝新能 公告编号：2025-053 深圳市华宝新能源股份有限公司 公司董事会薪酬与考核委员会核查了本次激励计划拟首次激励对象的名单、 人员身份证件信息、拟首次授予激励对象与公司（含子公司，下同）签订的劳动 合同或聘用合同、拟首次授予激励对象在公司担任的职务及其任职文件等。 董事会薪酬与考核委员会关于2025年限制性股票激励计划 首次授予激励对象名单的公示情况说明及核查意见 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市华宝新能源股份有限公司（以下简称"公司"）于2025年9月12日召开 第三届董事会第十四次会议，审议通过了《关于公司<2025年限制性股票激励计 划（草案）>及其摘要的议案》等相关议案，具体内容详见公司于2025年9月13 日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳 证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、《深圳证券 交易所创业板上市公司自律监管指南第1号——业务办理》（以下简称"《监管 ...

Core Viewpoint - The company, Huabao New Energy, is experiencing fluctuations in stock performance and is heavily involved in the lithium battery storage industry, with a significant portion of its revenue coming from overseas due to the depreciation of the RMB [1][3]. Company Overview - Huabao New Energy, established on July 25, 2011, focuses on the research, production, and sales of lithium battery storage products, with portable storage products being its core offering [7]. - The company's revenue composition includes 77.46% from portable storage products, 20.84% from photovoltaic solar panels, and 1.37% from other products [7]. - As of June 30, 2025, the company reported a revenue of 1.637 billion yuan, representing a year-on-year growth of 43.32%, and a net profit of 123 million yuan, up 68.31% year-on-year [7]. Strategic Partnerships and Innovations - The company has adopted advanced IBC battery technology, achieving a conversion efficiency of up to 25% in its portable solar products [2]. - A strategic partnership with Zhongbi New Energy was established to jointly develop sodium-ion batteries, exploring their application in end products [2]. Market Position and Financials - As of September 23, 2023, Huabao New Energy's stock price fell by 4.01%, with a trading volume of 192 million yuan and a market capitalization of 11.647 billion yuan [1]. - The company benefits from a high overseas revenue ratio of 95.09%, largely due to the depreciation of the RMB [3]. Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 15.49% to 13,400, with an average of 3,580 shares held per person, up 20.37% [7]. - Notable institutional shareholders include Guangfa High-end Manufacturing Stock A and Hong Kong Central Clearing Limited, with significant increases in holdings [8].