长江商报消息 受益于市场份额提升、持续精细化运营，珠海冠宇（688772.SH）业绩预喜。 珠海冠宇表示，前三季度归母净利润、扣非净利润较上年同期有较大幅度的增长，主要系客户份额提 升、持续推进精细化运营带来的成本费用管控优化等综合因素所致。 10月19日晚，珠海冠宇公告，2025年前三季度，预计营业收入101.98亿—103.98亿元，将创下历史同期 新高；归母净利润3.67亿—4.17亿元，同比增长36.88%—55.54%。 资料显示，珠海冠宇主要从事消费类电池的研发、生产及销售，是全球消费类电池主要供应商之一。同 时，公司也在逐步有重点地推进在动力及储能类电池领域的布局。 长江商报记者注意到，珠海冠宇始终以技术驱动为核心战略，不断加大研发投入，在激烈的市场竞争中 建立先发优势，为公司发展注入强劲动力。 财务数据显示，2023年至2025年上半年，两年半时间，珠海冠宇研发费用累计达34.26亿元。截至2025 年6月30日，公司研发人员的数量为4496人。 前三季预盈超3.67亿 长江商报记者注意到，珠海冠宇积极提升公司产品核心竞争力，满足客户需求，巩固并扩大现有市场份 额。据珠海冠宇半年报披露，其首次 ...

Core Viewpoint - Zhuhai Guanyu Battery Co., Ltd. expects significant revenue and profit growth for the first three quarters of 2025, with a projected revenue increase of 19.73% to 22.07% and net profit growth of 36.88% to 55.54% compared to the same period last year [1][3]. Financial Performance - For the first three quarters of 2025, the expected revenue is between 10.198 billion and 10.398 billion yuan, compared to 8.517 billion yuan in the same period last year [2][3]. - The net profit attributable to shareholders is projected to be between 367 million and 417 million yuan, up from 268 million yuan year-on-year [2][3]. - In Q3 2025, the company anticipates revenue of 4.1 billion to 4.3 billion yuan, compared to 3.17 billion yuan in the same quarter last year [2][3]. Business Segments - The company primarily engages in the research, production, and sales of consumer batteries, with a comprehensive R&D and production system, making it a major supplier in the global consumer battery market [3][4]. - Consumer battery products include battery cells and PACK, serving applications in laptops, tablets, smartphones, wearable devices, consumer drones, smart cleaning appliances, and power tools [3][4]. - The company is also expanding into the power and energy storage battery sectors, focusing on high-rate scenarios for applications in automotive low-voltage systems, industry drones, and electric motorcycles [4]. Market Trends and Opportunities - In 2025, the company is capitalizing on opportunities in the consumer battery sector driven by AI trends, particularly in emerging electronic products like AI computers, AI smartphones, and smart wearables, with a 79.81% year-on-year increase in sales of other consumer lithium batteries [4]. - In the power and energy storage market, the company reported a 200.05% year-on-year revenue growth in the battery sector for industry drones [4]. - The subsidiary Zhejiang Guanyu achieved total revenue of 973 million yuan, reflecting a 139.8% year-on-year increase in the main power and energy storage business [4]. Analyst Insights - Analysts maintain a positive outlook on the company's performance in both consumer and power storage battery sectors, with particular attention to its advancements in humanoid robotics [5]. - Reports indicate that the company is actively engaging in multiple projects and technical collaborations in the humanoid robotics field, with established partnerships in low-voltage lithium batteries [5].

Core Viewpoint - The report indicates that Zhuhai Guanyu Battery Co., Ltd. has complied with relevant regulations during the continuous supervision period, demonstrating effective governance, internal control, and proper use of raised funds [1][9]. Group 1: Company Governance and Internal Control - The company has a complete and compliant governance structure, with effective execution of internal control systems [2][3]. - The board of directors, supervisors, and senior management are fulfilling their responsibilities as per regulations [2]. Group 2: Information Disclosure - The company has established a comprehensive information disclosure system and has fulfilled its disclosure obligations accurately and timely [2][3]. Group 3: Independence and Related Party Transactions - The company maintains independence in its operations, with no violations regarding the use of funds by related parties [3][4]. Group 4: Use of Raised Funds - All raised funds are stored in a dedicated account, and the company has signed a tripartite supervision agreement with the underwriter and the bank [4][5]. - There are no instances of misappropriation or unauthorized changes in the use of raised funds [4]. Group 5: Related Transactions and Major Investments - The company has established sound management systems for related transactions, external guarantees, and major investments, with no violations reported [4][5]. Group 6: Operational Status - The company’s business model and structure have not undergone significant changes, and the operational management status is normal [5][6]. - The market outlook for the company’s main business remains stable without major adverse changes [5]. Group 7: Recommendations - The company is advised to continue improving its governance structure and timely fulfill information disclosure obligations [5][8]. - It is recommended to manage the use of raised funds effectively and to advance investment projects in an orderly manner [5][8].