Core Viewpoint - The report provides a detailed account of the fundraising activities and the utilization of the raised funds by Huizhou EVE Energy Co., Ltd., confirming compliance with regulatory guidelines and reflecting the company's financial management practices [1][2][3]. Fundraising Overview - In 2020, the company raised approximately RMB 2.5 billion by issuing 48,440,224 shares at a price of RMB 51.61 per share, with a net amount of RMB 2.48 billion after deducting issuance costs [3]. - In 2022, the company raised RMB 9 billion by issuing 142,970,611 shares at a price of RMB 62.95 per share, with the funds received on November 24, 2022 [3]. Fund Management - The company has established a special account management system for the raised funds to ensure their proper use, in compliance with relevant laws and regulations [3][4]. - As of December 31, 2024, the balance of the special account for the 2020 fundraising was RMB 14.31 million, while the balance for the 2022 fundraising was RMB 677.53 million [9]. Fund Utilization - By December 31, 2024, the total amount utilized from the 2020 fundraising was RMB 2.38 billion, while RMB 6.58 billion was utilized from the 2022 fundraising [5][6]. - The company has made adjustments to the use of funds, reallocating some to the "Passenger Vehicle Power Battery Project (Phase III)" [5][6]. Investment Projects - The company committed to invest RMB 897.36 million in various projects, with actual investments amounting to RMB 657.58 million, resulting in a difference of RMB 239.78 million primarily due to ongoing payments for the "Passenger Vehicle Lithium-ion Battery Project" [6][10]. - The projects include the "HBF16GWh Passenger Vehicle Lithium-ion Battery Project," which has reached its intended operational status, with some payments pending [6][10]. Financial Performance - The report indicates that the actual investment amounts align with the disclosed information, with no discrepancies noted in the fundraising utilization compared to previous disclosures [11].

近期，电池板块新技术持续创新突破，钠电有望迈入量产元年，固态电池产业化持续推进，动力电池新国标发布也将为钠电、固态电池等新 技术提供发展机遇。看好电池板块技术突破带动板块估值重塑，认准低费率的电池50ETF（159796）。 4月22日，同类规模最大且是最低费率的电池50ETF（159796）水下震荡，当前跌0.37%。从技术分析来看，MACD白线上穿黄线，释放积极信 号。 【钠电有望进入量产元年】 开源证券火线点评，钠电有望进入量产元年。虽然钠电当前成本仍较高，但低温性能、安全性等相对锂电具有优势，有望在北方寒冷使用场 景下率先落地，从远期来看，钠电降本潜力广阔，且钠资源地壳含量为2.74%，约为锂的421倍，具备自主可控性。宁德钠电池量产构建钠电 从原材料、制造体系到应用端闭环，2025年有望成为钠电池量产元年，供应链有望受益。（来源于开源证券20250422《宁德时代科技日发 布"纳新"电池领跑行业，钠离子电池有望迎量产元年》） 电池50ETF（159796）成分股多数回调，多氟多涨超3%，特锐德、湖南裕能涨超2%，尚太科技、宁德时代涨超1%，三花智控、科华数据、欣 旺达等回调。 开源证券认为，钠电池能 ...