南方财经11月26日电，金杨股份(301210.SZ)近日就其可转债发行申请收到审核问询函。问询函重点关 注了公司报告期内营业收入与净利润变动趋势不一致、扣非归母净利润持续下滑以及电池精密结构件毛 利率逐步下降等问题。数据显示，公司2022年至2025年1-9月营业收入呈现波动增长态势，分别为12.29 亿元、11.10亿元、13.65亿元及11.95亿元，但扣非归母净利润持续下滑，从8789.07万元降至2689.61万 元。 公司回复，2023年消费电池市场低迷，终端厂商去库存导致公司产品销量下滑，叠加产品价格波动及原 材料成本影响，电池精密结构件毛利率从21.89%逐年降至2024年的9.80%。2024年起行业复苏带动营收 回升，但公司开拓方形壳体等新业务，新客户定价较低拉低整体盈利水平，2025年1-9月计提大额股份 支付费用进一步影响净利。 电池精密结构件毛利率下滑则与产品结构调整、价格协商相关。公司方形壳体、盖板等新产品收入占比 提升，且每年与客户协商调价导致产品价格下降，而原材料价格波动的成本压力传导存在滞后性。公司 表示，相关不利因素已逐步改善，2024年起消费电池市场复苏，产品价格企稳，方 ...

Group 1: Research and Development Investment - The company invested CNY 44.55 million in R&D in 2023, with planned investments of CNY 51.22 million in 2024 and CNY 25.10 million in the first half of 2025 [2][4] - The company aims to continuously increase R&D investments in new products and technologies [2][4] Group 2: Investor Relations and Market Recognition - The company emphasizes communication with investors through various activities, including strategy meetings and performance briefings [2][3] - The management is focused on improving company performance and governance to attract more institutional investors [2][3] Group 3: Technology and Product Development - The company is committed to maintaining its technological leadership in the rapidly evolving materials industry, particularly in lithium battery technology [4][6] - New products include precision components for lithium batteries, with ongoing efforts to understand customer R&D projects and participate in joint development [6][8] Group 4: Raw Material Procurement Strategies - The company employs diversified procurement strategies to mitigate risks from raw material price fluctuations, including long-term agreements and flexible inventory management [5][6] Group 5: Robotics Business Development - In March 2025, the company strategically invested in Guohua Intelligent Equipment, enhancing its capabilities in robotics and precision components [7][8] - The company is expanding its investment in the humanoid robotics sector, leveraging its expertise in precision manufacturing for battery components [8]

Group 1: Market Demand and Production Growth - The demand for energy storage orders has rapidly increased in the second half of this year, driven by the company's proactive capacity layout and customer development [4] - The company has seen significant revenue growth from clients such as Chuangneng New Energy and Zhongqi New Energy, with production of square battery precision structural components expected to maintain rapid growth [4] Group 2: Future Profitability and Cost Management - The cylindrical battery precision structural components have steady demand, with large-scale production of the full-tab series products already achieved [5] - As downstream customer orders increase, the company's capacity utilization will rise, leading to reduced manufacturing costs and lower transportation costs due to new production bases [5] - The proportion of period expenses to revenue is expected to decrease as the company's revenue scale grows, improving profitability in the second half of the year [5] Group 3: Robotics and Strategic Investments - The company is focusing on the development of core components for humanoid robots, leveraging strategic investments in Guohua Intelligent and Yingzhi Technology to enhance its product offerings [6] - The establishment of Wuxi Zhili Sensor Technology Co., Ltd. aims to provide advanced intelligent sensor solutions, with products already in testing phases for collaborative robots and humanoid robots [7] Group 4: Investor Relations Activity - The investor relations activity took place on September 29, 2025, with participation from various securities firms and company executives [2] - The event did not involve any undisclosed significant information [7]

Group 1 - The company held its 19th (temporary) meeting of the 5th Board of Directors on June 20, 2025, with all seven directors present, and the meeting complied with relevant regulations [1] - The Board decided not to adjust the conversion price of the "Keli Convertible Bond" downwards, despite it triggering the downward adjustment clause as of June 20, 2025 [2] - The decision was made considering the company's fundamentals, stock price trends, and market environment, aiming to protect the interests of all investors [2] Group 2 - The company plans to invest up to €50 million in the construction of the third phase of the precision structural components project for power batteries in Hungary [2][3] - The investment proposal was approved unanimously by the Board, with all seven votes in favor [3]