证券代码：601615 证券简称：明阳智能 公告编号：2025-033 明阳智慧能源集团股份公司 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、准确性和完整性承担法律责任。 重要内容提示： ? 明阳智慧能源集团股份公司（以下简称"明阳智能"或"公司"）前期向 江苏海基新能源股份有限公司（以下简称"海基新能源"）投资人民币 19,000 万元；鉴于已触发投资协议的回购条件，经友好协商，海基新能源及其控股股东 将履行回购义务，向公司支付前述股份对应的投资本金及利息。 ? 公司前任董事会秘书担任海基新能源的董事，本次交易构成关联交易, 但不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 ? 除本次交易外，过去 12 个月内公司及下属子公司与海基新能源及其控制 的企业累计发生关联交易总额为人民币-84.26 万元，均为日常关联交易，已经 公司股东大会审议通过。公司与不同关联人之间未发生与本次交易类别相同的关 联交易。 ? 本次交易已经公司 2025 年第三次独立董事专门会议和第三届董事会第 二十次会议审议通过，无需提交股东大会审议。本次交易事项尚需交易 ...

Core Viewpoint - The company has received regulatory requirements regarding its stock option incentive plan for 2025, which sets ambitious performance targets for revenue and net profit over the next three years [2][4][24]. Group 1: Performance Targets - The performance targets for the incentive plan include a minimum revenue of 5 billion yuan in 2025, 7 billion yuan in 2026, and 10 billion yuan in 2027, or net profits of 150 million yuan, 225 million yuan, and 350 million yuan respectively [2][24]. - Historical performance shows that the company achieved a revenue of 3.711 billion yuan and a net loss of 136 million yuan in 2023, with a revenue of 2.464 billion yuan and a net loss of 10 million yuan in the first three quarters of 2024 [2][5]. Group 2: Business Overview - The company primarily engages in battery and material businesses, focusing on nickel-hydrogen batteries and lithium battery materials, while also expanding into the lithium upstream industry [3][4]. - The business segments include battery materials, battery production, and energy storage, with a strategic emphasis on integrating mining, processing, and supply for lithium materials [3][4]. Group 3: Financial Performance - Recent financial performance indicates a revenue of 3.711 billion yuan in 2023, with a net loss of 136 million yuan, and a projected revenue of 3.938 billion yuan in 2024 [5][21]. - The company has implemented cost control measures and improved management to turn losses into profits, particularly in the battery materials segment, where gross margins have increased [6][7]. Group 4: Market Potential and Strategy - The energy storage market is projected to grow significantly, with expectations of reaching 100 GW of installed capacity by 2025 and over 1 trillion yuan in total industry value [9][10]. - The company aims to leverage its strategic partnerships and innovative business models to capture market opportunities in the energy storage sector, focusing on project development and investment [10][11]. Group 5: Future Projections - Revenue projections for the three business segments from 2025 to 2027 indicate a total revenue of approximately 10.18 billion yuan by 2027, with significant contributions from the energy storage segment [14][24]. - The company anticipates that its energy storage business will become a key driver of growth, supported by favorable policies and market demand [10][12].