Investment Rating - The investment rating for the company is "Buy" (maintained) [2][7] Core Insights - The company has launched a new stock incentive plan aimed at binding the core team and focusing on revenue growth, with a target compound annual growth rate (CAGR) of approximately 40% for revenue from 2025 to 2027. The projected net profits for 2025, 2026, and 2027 are estimated at 384 million, 596 million, and 772 million yuan respectively, with corresponding earnings per share (EPS) of 2.20, 3.42, and 4.43 yuan [7][8] - The company is expected to benefit from an increase in market share due to a faster product launch cycle and the introduction of differentiated new products, particularly in the mobile home storage segment, which is anticipated to see significant volume growth in 2026 [9] Financial Summary - The company's total revenue is projected to grow from 2,314 million yuan in 2023 to 9,367 million yuan in 2027, reflecting a year-on-year growth rate of 25.1% in 2027 [11][14] - The gross profit margin is expected to stabilize around 42.3% by 2027, with net profit margins improving from -7.5% in 2023 to 8.2% in 2027 [11][14] - The price-to-earnings (P/E) ratio is projected to decrease from -65.7 in 2023 to 14.8 in 2027, indicating an improving valuation as profitability increases [11][14]

Core Viewpoint - The company emphasizes the importance of building digital operational capabilities and has significantly optimized its operational efficiency through the introduction of AI tools in various areas [1] Group 1: Digital Transformation - The company is focusing on enhancing its digital operational capabilities by integrating AI tools [1] - AI has improved operational efficiency in user insights, content generation, platform operations, promotional investments, and intelligent customer service [1] Group 2: Research and Development - AI's advanced computational and data analysis capabilities allow R&D personnel to quickly explore new materials and technologies [1] - This leads to the design of products that better meet market demands, effectively increasing R&D efficiency [1] Group 3: Product Application - AI algorithms can intelligently adjust the charging speed of energy storage products, extending battery cycle life [1] - The technology enables smart management of household electricity, allowing for precise monitoring and allocation of individual devices [1] - This fine-tuned management helps users effectively save on electricity costs [1]

证券代码：301327 证券简称：华宝新能 公告编号：2025-049 深圳市华宝新能源股份有限公司 关于首次公开发行前已发行的部分股份上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 1.本次解除限售的股份为深圳市华宝新能源股份有限公司（以下简称"公司"） 首次公开发行前已发行的部分股份。 2.本次解除限售股东户数共计3户，解除限售股份的数量为28,134,167股，占公司 总股本的16.1337%，限售期为自公司首次公开发行并上市之日起36个月。 3.本次解除限售股东为深圳市嘉美盛企业管理合伙企业（有限合伙）（以下简称 "嘉美盛"）、深圳市嘉美惠企业管理咨询合伙企业（有限合伙）（以下简称"嘉美 惠"）、深圳市成千亿企业管理咨询合伙企业（有限合伙）（以下简称"成千亿"）。 公司实际控制人、董事、监事、高级管理人员及核心技术人员等通过嘉美盛、嘉美惠 及成千亿间接持有的公司股份，根据其相关股份锁定期的安排及承诺，已自愿延长锁 定期至2026年3月19日。 公司股东嘉美盛、嘉美惠与公司实际控制人孙中伟先生、温美婵女士以及公司控 股股东深圳市钜宝 ...

核查意见 华泰联合证券有限责任公司 关于深圳市华宝新能源股份有限公司 首次公开发行前已发行的部分股份上市流通的核查意见 华泰联合证券有限责任公司（以下简称"保荐机构"）作为深圳市华宝新能 源股份有限公司（以下简称"华宝新能"或"公司"）首次公开发行股票并在创 业板上市及进行持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》 《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》等相关法律、法规和规范性文件的要 求，对华宝新能首次公开发行前已发行的部分股份上市流通进行了审慎核查，并 出具本核查意见。核查情况如下： 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 根据中国证券监督管理委员会《关于同意深圳市华宝新能源股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕1175 号），公司首次公开发行人 民币普通股（A 股）股票 24,541,666 股，并于 2022 年 9 月 19 日在深圳证券交易 所创业板上市。首次公开发行股票完成后公司总股本为 96,000,000 股，其中有流 通限制及限售安排的股份数量 72,72 ...

Group 1 - The core point of the article is that Huatai United Securities has conducted a review of the pre-IPO share circulation for Huabao New Energy, confirming compliance and the absence of violations by shareholders [1] - As of now, the total share capital of the company is 174 million shares, with 126 million shares being restricted, accounting for 72.39% of the total [1] - A total of 28.1342 million restricted shares, representing 16.13% of the total, will be released for circulation on September 19, with a lock-up period of 36 months [1] Group 2 - After the release of restricted shares, the number of restricted shares will decrease to 98.098 million, accounting for 56.25%, while the number of unrestricted shares will increase to 76.2834 million, accounting for 43.75% [1] - The sponsoring institution believes that the application for the release of shares is compliant, and the shareholders have fulfilled their commitments, with accurate and complete information disclosure [1]

Group 1 - The core viewpoint of the news is the performance and market position of Huabao New Energy, which saw a stock price increase of 5.04% to 68.80 CNY per share, with a total market capitalization of 11.997 billion CNY [1] - Huabao New Energy specializes in the research, production, and sales of lithium battery storage products, with portable storage products accounting for 77.46% of its main business revenue [1] - The company was established on July 25, 2011, and went public on September 19, 2022, indicating its relatively recent entry into the public market [1] Group 2 - According to data, a fund under Bank of China holds Huabao New Energy as one of its top ten heavy positions, with 15,400 shares held, representing 0.72% of the fund's net value [2] - The fund, Zhongyin CSI 1000 Index Enhanced A, has achieved a year-to-date return of 30.43% and a one-year return of 71.96%, ranking 1483 out of 4222 and 1141 out of 3802 respectively [2] - The fund manager, Yao Jin, has been in position for 1 year and 279 days, with the best fund return during this period being 54.95% [3]

Core Viewpoint - The announcement of the restricted stock incentive plan by Huabao New Energy aims to enhance long-term incentive mechanisms, attract and retain talent, and align the interests of shareholders, the company, and core team members [1][2] Summary by Relevant Sections Incentive Plan Details - The proposed incentive plan involves granting a total of 3,000,500 restricted shares to no more than 71 individuals, including core management and key personnel [1] - The performance assessment for the incentive plan includes company-level performance and individual performance metrics [1] Performance Targets - The company sets ambitious revenue growth targets based on 2024 revenue, with required growth rates of at least 39%, 95%, and 172% for the years 2025, 2026, and 2027, respectively, translating to revenue figures of 5.012 billion, 7.031 billion, and 9.807 billion [1] - Alternatively, the plan allows for a quarter-on-quarter revenue growth rate of at least 39%, 40%, and 40% for the same years [1] Strategic Implications - This is the second stock incentive plan since the company went public, reflecting its commitment to recognizing and encouraging talent [2] - The management team expresses strong confidence in future growth, aiming to solidify its leading position in the consumer-grade photovoltaic energy storage market and expand market share and profitability [2]

Core Viewpoint - Huabao New Energy announced an incentive plan involving the grant of restricted stock to a maximum of 71 individuals, with a total of 3,000,500 shares, representing 1.72% of the company's total share capital [1] Group 1: Incentive Plan Details - The incentive plan will utilize the second type of restricted stock, sourced from shares repurchased in the secondary market and/or newly issued shares directed to the incentive recipients [1] - The grant price for the restricted stock is set at 33.15 yuan per share, allowing recipients to purchase shares at this price upon meeting the vesting conditions [1] - The validity period for the restricted stock is from the date of the initial grant until all shares are vested or become void, with a maximum duration of 60 months [1] Group 2: Company Financials - For the first half of 2025, Huabao New Energy's revenue will be entirely derived from the lithium-ion battery industry chain, accounting for 100% of its business [1] - As of the announcement, Huabao New Energy has a market capitalization of 11.4 billion yuan [1]

格隆汇9月12日丨华宝新能(301327.SZ)公布2025年限制性股票激励计划，本激励计划拟向激励对象授予 的限制性股票总量为300.05万股，约占本激励计划草案公告时公司股本总额17,438.1356万股的1.72%。 本激励计划首次授予激励对象不超过71人。 ...

证券简称：华宝新能 证券代码：301327 深圳市华宝新能源股份有限公司 2025 年限制性股票激励计划 （草案） 深圳市华宝新能源股份有限公司 二〇二五年九月 深圳市华宝新能源股份有限公司 2025 年限制性股票激励计划（草案） 声明 本公司及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈述 或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相关信 息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励计划 所获得的全部利益返还公司。 一、本激励计划系依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规则》《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》等其他有关法 律、法规、规范性文件，以及《深圳市华宝新能源股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票（第二类限制性股票）。股票 来源为深圳市华宝新能源股份有限公司（以下简称"公司"或"本公司 ...