证券代码：688345 证券简称：博力威 公告编号：2026-005 广东博力威科技股份有限公司 2025年度业绩快报公告 本公司董事会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。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以广东博力威科 技股份有限公司（以下简称"公司"）2025年年度报告为准，敬请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：万元 ■ 注：1.本报告期初数同法定披露的上年年末数。 2. 以上财务数据及指标以合并报表数据填列，但未经审计，最终结果以公司2025年年度报告为准。数据 若有尾差，为四舍五入所致。 二、经营业绩和财务状况情况说明 2、财务状况 2025年末，公司总资产291,857.90万元，较报告期初增长8.41%；归属于母公司的所有者权益112,123.02 万元，较报告期初增长6.94%，归属于母公司所有者的每股净资产11.08元，较报告期初增长5.73%。 3、影响经营业绩的主要因素 公司营收与净利润实现显著增长，主要得益于多方面积极因素的协 ...

格隆汇2月27日丨博力威(688345.SH)公布2025年度业绩快报，2025年度，公司实现营业收入27.33亿元， 较上年同期增长48.24%；实现归属于母公司所有者的净利润5540.09万元，较上年同期增长157.35%；实 现归属于母公司所有者的扣除非经常性损益的净利润4229.63万元，较上年同期增长150.10%。 公司营收与净利润实现显著增长，主要得益于多方面积极因素的协同推动，具体如下：第一，受益于国 内两轮车换电、共享出行等领域的快速增长及新国标等影响，公司紧抓下游细分市场的发展机遇，实现 对两轮换电领域头部运营商客户的批量供应。同时欧洲电助力车市场逐步复苏，需求持续回暖，共同推 动公司两轮车锂电池出货量同比增长；第二，得益于前期开发的储能项目成功落地并进入交付阶段，公 司储能业务量同比增加；第三，随着两轮车电池业务量的增长，公司大圆柱电芯产线实现满产满销，产 能得到充分释放，规模效应显现；此外，本期资产减值对业绩的影响较上期减轻，进一步推动营收与净 利润实现显著增长。 ...

Group 1 - The core viewpoint of the article highlights the significant growth in China's two-wheeled electric vehicle lithium battery PACK shipments, which reached 12.04 million units in the first three quarters of 2025, representing a year-on-year increase of 28.3% [2] - The growth is attributed to several factors, including the introduction of new models by C-end vehicle manufacturers, the implementation of new national standards, and promotional activities by car companies [2] - The shared mobility sector continues to expand, with companies like Hello and Qingju launching in multiple cities, contributing to the increase in battery shipments for shared electric bikes [2] Group 2 - Exports of two-wheeled vehicle lithium batteries from China reached approximately 3.2 million units in the first three quarters of 2025, marking a year-on-year increase of 12.3% [3] - The demand for two-wheeled vehicle batteries in the European and American markets is steadily rising, while Southeast Asia, India, and Africa present long-term potential due to low penetration rates of lithium batteries [3] - The penetration rate of lithium iron phosphate batteries is steadily increasing, with the market shares for manganese lithium, ternary, and lithium iron phosphate batteries being 39.4%, 27.4%, and 33.2% respectively in the first three quarters of 2025 [3] Group 3 - The market share of square lithium batteries has been increasing, with their share rising by 2.1 percentage points compared to the same period in 2024, primarily driven by significant growth from companies like Xingheng [6] - The distribution of two-wheeled vehicle lithium battery PACK shipments in Q3 2025 was 37.7% for square batteries, 39.3% for cylindrical batteries, and 23% for soft-pack batteries [6] - The advancement of full-tab technology in cylindrical batteries is expected to enhance charging capabilities and safety, potentially impacting the market shares of square and soft-pack batteries [6]

Core Viewpoint - The article discusses the development and trends of the electric two-wheeler industry in China, focusing on the shared battery swapping model and the lithium battery market, highlighting the impact of policies, market dynamics, and technological advancements on growth opportunities and challenges in the sector [2][4][26]. Group 1: Electric Two-Wheeler Industry Development - The electric two-wheeler shipment volume in China is projected to reach 54 million units in 2025, driven by the implementation of "old-for-new" policies and increased exports [8][9]. - In 2024, the shipment volume of lithium electric two-wheelers is expected to be 4.62 million units, with significant growth attributed to exports [8][9]. - The shared electric two-wheeler market has evolved through various stages, including rapid development, policy tightening, and recent policy relaxation, indicating a shift towards a more supportive regulatory environment [9][15]. Group 2: Shared Electric Two-Wheeler - The shared electric two-wheeler market in China saw a 21.1% increase in new deployments in 2024, with expectations for continued growth in 2025 [15]. - Major players in the shared electric two-wheeler market include Hello, Meituan, and Qingju, which collectively accounted for over 65% of new deployments in 2024 [15]. - The development of shared electric two-wheelers is supported by a growing acceptance of the shared economy model, with increasing demand for efficient urban mobility solutions [9][15]. Group 3: Battery Swapping for Electric Two-Wheelers - The battery swapping model is gaining traction due to its efficiency and safety advantages over traditional charging methods, with several cities implementing supportive policies [12][29]. - In 2024, the battery swapping market is expected to see a deployment of 1.51 million battery packs, with a projected increase in the coming years as policies become more favorable [25][29]. - The demand for battery swapping is particularly strong among delivery riders, who require quick and reliable battery solutions to meet their operational needs [16][19]. Group 4: Lithium Battery Market - The total shipment of lithium batteries for electric two-wheelers in China is projected to reach 9.42 million units in 2024, with a significant portion attributed to shared and swapping applications [48][49]. - The market is witnessing a shift towards lithium iron phosphate batteries due to their safety and longevity, while the share of ternary lithium batteries is gradually decreasing [49][52]. - The export market for lithium batteries is expanding, with a notable increase in demand from Southeast Asia and other regions, indicating a growing international presence for Chinese manufacturers [48][49]. Group 5: Industry Trends and Challenges - The electric two-wheeler industry is expected to benefit from supportive government policies aimed at promoting green transportation and improving safety standards [27][29]. - The market is becoming increasingly concentrated, with smaller players facing challenges due to stricter regulations and competition from larger, more established companies [27][29]. - The development of standardized battery specifications and interfaces is crucial for the growth of the battery swapping industry, facilitating interoperability and expanding service availability [29][30].

Core Viewpoint - The article highlights the upcoming "2025 Fifth Qidian Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit," focusing on the growth and innovation in the battery swap and electric two-wheeler industry, emphasizing the importance of technology and market trends in shaping the future of this sector [1][5]. Event Overview - The event will take place on July 10-11, 2025, at the Shenzhen Baoan Duxi Road International Hotel, featuring discussions on battery technology and the future of two-wheeled vehicles [1][3]. - The theme of the conference is "Swap City, Smart Two-Wheelers," aiming to address the advancements in battery swapping technology and its implications for the industry [5]. Award Announcement - The top 10 companies in the "2025 China Two-Wheeled Vehicle and Battery Swap Lithium Battery Leading Brands" were announced based on a WeChat voting segment, with companies like Dofluorine, Zhongbi New Energy, and BAK Battery leading the rankings [1][2]. - The final award winners will be revealed during the conference, and they will receive a trophy, brand tracking services, and VIP tickets for company executives [2]. Industry Insights - The conference will feature over 300 influential companies and more than 600 executives, indicating a strong interest and participation in the two-wheeled vehicle and battery swap market [5]. - The industry is experiencing rapid growth driven by policy support, demand for instant delivery, and technological upgrades, with a focus on high safety, high energy density, and cost optimization in battery products [5][6]. Forum Agenda - The agenda includes various specialized forums discussing topics such as the commercialization and intelligent networking of electric two-wheeled vehicles, battery safety, and the future of battery technology [6][7]. - Key discussions will involve industry leaders from companies like Yadi Technology, Cainiao Group, and others, focusing on the latest trends and challenges in the battery swap and electric vehicle sectors [6][7]. Participation and Registration - Registration packages are available, with options including accommodation and industry white papers, indicating a structured approach to participant engagement [9][10].

Group 1 - The event is the 2025 Fifth Start Point Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit, focusing on the growth of the battery swap market and technological advancements in the industry [3][4] - The conference will feature the release of the "2025 China Two-Wheeled Vehicle Battery Swap and Battery TOP Rankings and Industry White Paper," which includes rankings for top manufacturers and operators in the sector [3][4] - The global two-wheeled vehicle battery swap market is experiencing rapid growth driven by policy support, demand for instant delivery, and technological upgrades, presenting new opportunities for Chinese companies [3][4] Group 2 - The event will take place on July 10-11, 2025, at the Shenzhen Baon International Hotel, with an expected attendance of over 600 participants [4] - The agenda includes various specialized forums discussing trends in electric two-wheeled vehicles, battery technology, and the challenges and opportunities in the battery swap market [5][6] - Key topics will include advancements in lithium and sodium batteries, safety standards, and the impact of new regulations on the industry [5][6] Group 3 - Notable participating companies include major players in the electric two-wheeled vehicle and battery swap sectors, such as Meituan, Didi, and various battery manufacturers like CATL and BYD [7][8] - The conference aims to facilitate discussions among industry leaders, researchers, and investors to foster collaboration and innovation in battery technology [3][4] - The event will also address the growing demand for lightweight power batteries in emerging applications such as low-altitude flight and smart home technologies [3][4]