证券代码：688280 证券简称：精进电动 公告编号：2026-007 精进电动科技股份有限公司 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。 本公告所载精进电动科技股份有限公司（以下简称"公司"）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，具体数据以公司2025年年度的定期报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 ■ 注：1.本报告期初数同法定披露的上年年末数。 2.编制合并报表的公司应当以合并报表数据填制，但未经审计，最终结果以公司2025年年度报告为准。 3.数据尾差为四舍五入所致。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、经营状况 单位：万元，币种：人民币 报告期内，公司营业总收入272,632.61万元，较上年同期增长108.93%。公司预计实现归属于母公司所 有者的净利润16,174.54万元，较上年同期增长137.06%；预计实现归属于母公司所有者的扣除非经常性 损益的净利润4, ...

2月13日，精进电动涨6.89%，截至发稿，报10.71元/股，成交1.02亿元，换手率1.89%，总市值63.21亿 元。 李育鑫累计任职时间2年115天，现任基金资产总规模40.02亿元，任职期间最佳基金回报123.7%， 任职 期间最差基金回报11.98%。 资料显示，精进电动科技股份有限公司位于北京市朝阳区博大路20号院金辉时八区10号楼，成立日期 2008年2月25日，上市日期2021年10月27日，公司主营业务涉及电驱动系统的研发、生产、销售及服 务。主营业务收入构成为：新能源汽车电驱动系统94.75%，技术开发及服务4.58%，出售废料等 0.68%。 从基金十大重仓股角度 数据显示，广发基金旗下1只基金重仓精进电动。广发量化多因子混合A（005225）四季度持有股数 319.62万股，占基金净值比例为0.73%，位居第三大重仓股。根据测算，今日浮盈赚取约220.54万元。 广发量化多因子混合A（005225）成立日期2018年3月21日，最新规模35.86亿。今年以来收益9.22%， 同类排名2309/8890；近一年收益55.69%，同类排名1159/8132；成立以来收益156%。 广发量 ...

Core Viewpoint - The company, Jingjin Electric Technology Co., Ltd., has responded to an inquiry from the Shanghai Stock Exchange regarding its 2025 annual performance forecast, highlighting significant revenue growth driven by electric drive system sales to domestic automakers [2][3]. Group 1: Revenue Growth and Client Relationships - The company's revenue growth in 2025 is primarily attributed to the sales of electric drive systems to domestic automakers, which have increased due to the launch of new vehicle models [5][8]. - The top five clients accounted for approximately 79% of the total revenue in 2025, with the largest client contributing over 50% of the total revenue, marking a 458% increase compared to the previous year [5][6]. - The company has maintained a long-term business relationship with its largest client since 2012, with sales to this client consistently increasing since the company went public in 2021 [5][6]. Group 2: Fourth Quarter Performance - In the fourth quarter of 2025, the company achieved approximately 34% of its total annual revenue, with electric drive system sales and technical development services contributing 29% and 74% to their respective annual totals [9][10]. - The fourth quarter net profit accounted for about 50% of the annual net profit, primarily due to a higher concentration of technical development service revenue [9][10]. Group 3: Non-Recurring Gains - The non-recurring gains for 2025 mainly consisted of government subsidies and non-current asset disposal gains, with a government subsidy of 1.21 billion yuan recognized, amounting to 84.5 million yuan in the current period [28][31]. - The accounting treatment for government subsidies aligns with the company's established policies, ensuring consistency with previous years [29][31].

Core Viewpoint - The company, Jingjin Electric, has shown significant growth in both revenue and net profit, indicating strong performance in the electric drive system sector for new energy vehicles [2]. Group 1: Stock Performance - On January 22, Jingjin Electric's stock rose by 2.20%, with a trading volume of 150 million yuan [1]. - The financing buy-in amount for Jingjin Electric on the same day was 13.72 million yuan, while the financing repayment was 11.29 million yuan, resulting in a net financing buy of 2.43 million yuan [1]. - As of January 22, the total financing and securities balance for Jingjin Electric was 148 million yuan, with the financing balance accounting for 2.90% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Shareholder Information - As of January 20, the number of shareholders for Jingjin Electric was 16,700, a decrease of 2.44% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.50% to 31,179 shares [2]. Group 3: Financial Performance - For the period from January to September 2025, Jingjin Electric achieved a revenue of 1.802 billion yuan, representing a year-on-year growth of 96.07% [2]. - The net profit attributable to the parent company was 83.55 million yuan, reflecting a year-on-year increase of 121.62% [2]. Group 4: Company Overview - Jingjin Electric Technology Co., Ltd. is located in Chaoyang District, Beijing, and was established on February 25, 2008, with its listing date on October 27, 2021 [1]. - The company's main business involves the research, development, production, sales, and services of electric drive systems, with 94.75% of its revenue coming from new energy vehicle electric drive systems [1].

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The termination of the Shenghua restructuring strengthens the company's position as a leader in iron lithium batteries, with a comprehensive strategic partnership established with CATL [8] - The company plans to issue 230 million shares at a price of 13.62 yuan per share, raising 3.175 billion yuan, with CATL acquiring a 12% stake [8] - The company is expected to accelerate the construction of high-density lithium iron phosphate capacity, enhancing its competitive advantage in the industry [8] - The company anticipates a significant increase in production capacity, reaching 800,000 tons by the end of 2026, with a market share expected to rise rapidly [8] Financial Projections - Total revenue is projected to grow from 5,761 million yuan in 2023 to 57,074 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 39.90% [1] - The net profit attributable to shareholders is expected to increase from a loss of 542.73 million yuan in 2023 to a profit of 2,761.42 million yuan in 2027, reflecting a significant turnaround [1] - The earnings per share (EPS) is forecasted to rise from -0.32 yuan in 2023 to 1.62 yuan in 2027 [1] Market Data - The closing price of the stock is 18.69 yuan, with a market capitalization of approximately 31.96 billion yuan [5] - The price-to-earnings (P/E) ratio is projected to decrease from 80.54 in 2024 to 11.57 in 2027, indicating improved profitability [1][9] Operational Highlights - The company is actively expanding its robotics business and has established partnerships with major automotive clients, aiming to enhance its product offerings in the electric drive system sector [8] - The company is also venturing into the low-altitude aircraft industry, with plans to produce 8,000 units per year of key components for power systems [8]

Group 1 - The core viewpoint of the news is that Jingjin Electric has experienced fluctuations in its stock performance and financing activities, indicating a mixed market sentiment towards the company [1][2] Group 2 - On December 23, Jingjin Electric's stock price fell by 0.60%, with a trading volume of 81.56 million yuan [1] - The financing data shows that on the same day, the company had a financing buy-in amount of 7.94 million yuan and a financing repayment of 8.99 million yuan, resulting in a net financing outflow of 1.05 million yuan [1] - As of December 23, the total balance of margin trading for Jingjin Electric was 119 million yuan, which accounts for 2.74% of its market capitalization, indicating a low financing balance compared to the past year [1] - In terms of securities lending, Jingjin Electric repaid 3,600 shares on December 23, with no shares sold, and the remaining securities lending balance was 17,400 shares, which is at a high level compared to the past year [1] Group 3 - As of December 20, the number of shareholders for Jingjin Electric was 17,800, an increase of 0.86% from the previous period, while the average circulating shares per person decreased by 0.85% to 29,163 shares [2] - For the period from January to September 2025, Jingjin Electric achieved an operating income of 1.802 billion yuan, representing a year-on-year growth of 96.07%, and a net profit attributable to the parent company of 83.55 million yuan, up 121.62% year-on-year [2]

Core Viewpoint - The stock of Dayang Electric experienced a decline of 2.03% on December 23, with a current price of 10.12 yuan per share and a total market capitalization of 24.856 billion yuan. The company has seen a year-to-date stock price increase of 79.40% [1]. Group 1: Financial Performance - For the period from January to September 2025, Dayang Electric achieved operating revenue of 9.18 billion yuan, representing a year-on-year growth of 3.81%. The net profit attributable to shareholders was 845 million yuan, reflecting a year-on-year increase of 25.95% [2]. - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed over the past three years [3]. Group 2: Stock Market Activity - As of December 23, the net outflow of main funds from Dayang Electric was 31.1335 million yuan, with large orders buying 74.9662 million yuan and selling 92.2965 million yuan [1]. - Dayang Electric has appeared on the stock market's "Dragon and Tiger List" five times this year, with the most recent appearance on November 26, where it recorded a net purchase of 120 million yuan [1]. Group 3: Company Overview - Dayang Electric, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province. The company specializes in the production and sales of micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2]. - The company's main business revenue composition includes 60.99% from building and home appliances motors, 26.56% from starters and generators, and 11.62% from new energy vehicle powertrain systems [2].

Core Viewpoint - The stock of Dayang Motor has shown significant volatility, with a year-to-date increase of 99.79% and a recent surge of 11.03% over the past five trading days, despite a decline of 8.22% over the last 20 days [1] Group 1: Company Overview - Dayang Motor, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province, and specializes in micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2] - The company's revenue composition includes 60.99% from building and household motors, 26.56% from starters and generators, 11.62% from new energy vehicle powertrains, and 0.80% from other sources [2] - As of October 31, the number of shareholders for Dayang Motor reached 212,300, an increase of 6.51% from the previous period, with an average of 8,618 circulating shares per person, a decrease of 6.12% [2] Group 2: Financial Performance - For the period from January to September 2025, Dayang Motor reported a revenue of 9.18 billion yuan, reflecting a year-on-year growth of 3.81%, while the net profit attributable to shareholders was 845 million yuan, marking a 25.95% increase [2] - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed over the past three years [3] Group 3: Stock Market Activity - On November 27, Dayang Motor's stock price rose by 2.08% to 11.27 yuan per share, with a trading volume of 1.019 billion yuan and a turnover rate of 4.98%, resulting in a total market capitalization of 27.681 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" five times this year, with the most recent instance on November 26, where it recorded a net purchase of 120 million yuan [1]

Group 1 - The core viewpoint of the news is that Dayang Motor has seen a stock price increase of 5.08%, reaching 10.55 CNY per share, with a trading volume of 674 million CNY and a turnover rate of 3.56%, resulting in a total market capitalization of 25.913 billion CNY [1] - Dayang Motor, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province. The company specializes in the production and sales of micro-special motors, electric drive systems for new energy vehicles, starters and generators, and magnetic materials [1] - The revenue composition of Dayang Motor includes: 60.99% from motors for construction and home use, 26.56% from starters and generators, 11.62% from new energy vehicle powertrain systems, 0.80% from other supplementary sources, and 0.03% from car leasing [1] Group 2 - Among the top ten circulating shareholders of Dayang Motor, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 147,800 shares in the third quarter, now holding 15.6303 million shares, which accounts for 0.85% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 23.18%, ranking 1941 out of 4206 in its category; the one-year return is 21.37%, ranking 2199 out of 3986; and since inception, the return is 9.01% [2]

Core Viewpoint - The stock of Dayang Electric has shown significant volatility, with a year-to-date increase of 77.63%, but recent declines in the short term raise questions about future performance [1][2]. Company Overview - Dayang Electric, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province. The company specializes in the production and sales of micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2]. - The revenue composition of Dayang Electric includes: 60.99% from building and household motors, 26.56% from starters and generators, 11.62% from new energy vehicle powertrains, and 0.80% from other sources [2]. Financial Performance - For the period from January to September 2025, Dayang Electric achieved a revenue of 9.18 billion yuan, representing a year-on-year growth of 3.81%. The net profit attributable to shareholders was 845 million yuan, reflecting a year-on-year increase of 25.95% [2]. - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed over the past three years [2]. Stock Market Activity - As of November 25, Dayang Electric's stock price was 10.02 yuan per share, with a market capitalization of 24.611 billion yuan. The stock has experienced a 4.57% decline over the last five trading days and a 24.32% decline over the last 20 days [1]. - The stock has appeared on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the most recent appearance on October 20, where it recorded a net purchase of 230 million yuan [1]. Shareholder Structure - As of September 30, 2025, the top ten circulating shareholders of Dayang Electric include Hong Kong Central Clearing Limited as the second-largest shareholder, holding 113 million shares, a decrease of 3.2949 million shares from the previous period. New shareholder 嘉实中证稀土产业ETF holds 18.3917 million shares [3].