证券代码：688567 证券简称：孚能科技 公告编号：2026-004 孚能科技（赣州）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 2025年年末公司总资产22,710,655,348.09元，较上一年末下降14.71%。 (二)影响经营业绩的主要因素 公司2025年度营业收入较上年同期下降22.23%，亏损较上年扩大，主要系以下原因综合导致： 1.毛利及毛利率影响 第一，公司两个新生产基地"赣州年产30GWh新能源电池项目（一期）"和"广州年产30GWh动力电池生 产基地项目（一期）"目前尚处于产能爬坡阶段，固定折旧摊销费用大，产能利用率、设备效率及良品 率还处于稳步提升阶段，导致毛利及毛利率偏低。 单位：元 ■ 二、经营业绩和财务状况情况说明 (一)经营业绩和财务状况 据公司财务部门初步核算，公司本 ...

Core Viewpoint - The company reported a significant increase in both total revenue and net profit for the fiscal year 2025, driven by technological innovation and market demand in the new energy sector [1] Financial Performance - Total revenue for the fiscal year 2025 reached 774 million yuan, representing a year-on-year growth of 32.41% [1] - Net profit for the same period was 115 million yuan, showing a year-on-year increase of 33.83% [1] Business Development - The company enhanced its core competitiveness through continuous technological innovation and process optimization [1] - There was a notable expansion in market share, attributed to the rapid growth in demand from the downstream new energy vehicle and energy storage markets [1] Product Segments - Revenue growth was observed across all core business segments, including new energy batteries, wiring harness connectors, and semiconductors [1] - The company is actively improving its technological platform and advancing a comprehensive product layout [1]

Core Insights - The global energy system is undergoing a historic transformation, with China accelerating the construction of a new energy system and aiming to become an energy powerhouse [2] - Ningde Times is committed to enhancing the economic viability of renewable energy scenarios and supporting global energy transition and green development [2] Industry Overview - The global energy system is trending towards distributed, intelligent, and circular development, with renewable energy batteries as a core supporting technology [2] - China leads the global renewable battery industry, with 6 out of the top 10 power battery companies and 7 out of the top 10 energy storage battery companies by 2025, holding over 70% and 83% market shares respectively [2] - Fujian province is positioned as a hub for the renewable battery industry, with an expected total output value of nearly 500 billion yuan by 2025, a year-on-year growth of 39%, accounting for about 40% of the equipment manufacturing output [2] Company Strategy - Ningde Times has established its headquarters, core R&D, and major production capacity in Fujian, with cumulative R&D investment exceeding 90 billion yuan and over 20,000 global R&D personnel [4] - The company has increased the number of domestic suppliers from over 20 to 5,000, promoting collaborative innovation and green transformation across the industry chain [4] - The goal is to achieve carbon neutrality in the supply chain by 2035 and to create a core competitive advantage in zero-carbon technology [4] Future Outlook - The company emphasizes the importance of deepening the "four-chain" integration to solidify the foundation of the renewable energy industry and expand zero-carbon technology application scenarios [4] - Ningde Times aims to contribute to high-quality development in Fujian and the global renewable energy sector, advocating for an open cooperation approach to achieve a zero-carbon future [4]

Core Insights - The article emphasizes the transformative impact of AI and new technologies on various industries in Guangxi, showcasing significant economic growth and structural improvements during the "14th Five-Year Plan" period, with an average GDP growth of 4.8% and an increase of over 740 billion yuan by 2025 compared to 2020 [4][5]. Industry Developments - Guangxi is implementing major strategies for high-quality development, including industrial enhancement, AI empowerment, and open cooperation, aiming to establish itself as a hub for AI collaboration with ASEAN [5]. - The manufacturing sector in Guangxi is undergoing a significant transformation towards smart manufacturing, with companies like Liugong investing over 6 billion yuan in intelligent upgrades, resulting in a 71% reduction in quality feedback rates and a 48% decrease in order delivery times [8][9]. - The region is becoming a key player in the new energy battery industry, with major projects attracting leading companies like BYD, aiming to build a complete industrial chain for battery production [9]. Economic Performance - Guangxi's economic structure is continuously optimizing, with new industries contributing over 50% to industrial growth during the "14th Five-Year Plan" period, and the region has cultivated 49 intelligent manufacturing benchmark enterprises and over 5000 enterprises implementing digital transformation [9][10]. - The trade relationship between China and ASEAN is deepening, with Guangxi facilitating the import of fresh produce from Southeast Asia, reflecting its strategic position as a trade gateway [11][13]. Transportation and Logistics - Guangxi is enhancing its transportation network to support trade, with significant investments leading to improved efficiency in logistics and customs processes, including a one-stop inspection model that streamlines cargo handling [14][15]. - The region has established a modern multi-modal transportation system, connecting various transport modes and significantly increasing the number of international freight routes [14]. Tourism and Eco-Development - Guangxi is leveraging its natural resources to promote eco-tourism and wellness industries, with policies supporting the development of travel and health-related services, attracting over 3.8 million elderly visitors for long-term stays [18][19]. - The tourism sector is projected to receive 1.079 billion domestic and international visitors by 2025, with a revenue increase of 12.5%, highlighting the region's growing appeal as a travel destination [19].

Group 1: Economic Growth and Development Strategies - Guangxi's GDP grew at an average rate of 4.8% during the 14th Five-Year Plan, with an increase of over 740 billion yuan by 2025 compared to 2020 [5] - The region is implementing major strategies for high-quality development, including industrial strength, artificial intelligence empowerment, and open cooperation [5] - Guangxi aims to build a highland for AI cooperation facing ASEAN, promoting comprehensive green transformation in economic and social development [5] Group 2: Technological Advancements in Manufacturing - Liugong Machinery Co., Ltd. has invested over 6 billion yuan in intelligent upgrades, achieving a 71% reduction in quality feedback rates and a 48% decrease in order delivery times [7] - The company has developed the world's first electric unmanned loader, showcasing significant advancements in autonomous machinery [6][7] - Guangxi has cultivated 49 intelligent manufacturing benchmark enterprises and over 5000 enterprises implementing digital transformation [8] Group 3: New Energy Sector Growth - The production and sales of new energy vehicles in China are projected to reach 16.626 million and 16.49 million units by 2025, representing a 12-fold increase from 2020 [9] - Guangxi is positioning itself as a key production base for new energy batteries, attracting major companies like BYD and developing a complete industrial chain [9][11] - The region has made significant technological breakthroughs and developed over 800 new industrial products, contributing over 50% to industrial growth [11] Group 4: Trade and Logistics Enhancements - China has maintained its position as ASEAN's largest trading partner for 17 consecutive years, with trade expected to reach 7.55 trillion yuan by 2025 [13] - Guangxi has implemented innovative customs reforms to streamline logistics, significantly reducing clearance times for perishable goods [15] - The region has developed a comprehensive transportation network, enhancing connectivity with ASEAN and facilitating efficient trade [18] Group 5: Tourism and Eco-Friendly Development - Guangxi has become a popular destination for "bird-like" retirement, with over 3.8 million elderly visitors annually [23] - The region's tourism revenue is projected to reach 1.15 trillion yuan by 2025, with a 12.5% year-on-year increase [23] - Guangxi is integrating ecological, sports, cultural, and tourism resources to promote sustainable development and enhance visitor experiences [20]

伴随万亿城市最新经济数据悉数出炉，"十四五"收官的城市排名也最终落定。 一定程度上说，城市位次变化能够反映出城市发展的情况。重庆和宁波分别实现了对广州和天津的反 超，背后是新旧产业更迭和区域格局重塑。那么，谁是进步最快的城市？ 5年间，福州加速赶超，经济总量从全国第22名上升至第17名，连超5城，不仅成为万亿城市中上升位次 最多的城市，并且在被反超的城市中，不乏这几年中经济表现可圈可点的合肥和泉州。 去年，随着福州GDP来到1.51万亿元，与郑州的差距缩小至132.3亿元，步入再次赶超的"赛点"。 身为福建省会，福州在万亿城市中曝光度并不算高，即便在省内，也常常被厦门、泉州"抢风头"。"存 在感"偏弱的福州，为何能够默默赶超竞争对手？ 强省会 强省会是一个绕不开的原因。很长时间内，福州并没有与省会相匹配的知名度。相反，在省内，工业强 市泉州因安踏、特步等体育品牌而"自带流量"；厦门更是以计划单列市的身份"压福州一头"。 2021年，强省会被写进福建"十四五"规划纲要。紧接着，福建印发《关于支持福州实施强省会战略的若 干意见》(以下简称《意见》)，提及大力支持福州做大做强，增强省会城市辐射带动力。 从某种意义来 ...

王毅在慕尼黑的发言，将这两条路径清晰地摆在了台面上。第一条是合作之路。如果美国能够客观看待中国的发展，制定 务实的政策，在贸易平衡、芬太尼打击、气候变化等具体问题上寻求更多的共同点，那么两国的合作将成为主旋律。这不 仅对中美两国人民带来实实在在的好处，也有助于全球经济的稳定和国际重大议题的解决。特朗普多次表示，他尊重中国 和中国人民，并认为两国元首可以携手应对世界上的重大挑战。如果美国愿意走这条合作之路，双方的关系将更为紧密， 合作的成果将使世界更加稳定。 第二条是对抗之路。如果美国继续在供应链上强行切割，并且在所有议题上情绪化施压，尤其是在台湾问题上推动分裂行 为，触及到中国的核心红线，那就意味着全面对抗。台湾始终是中国的一部分，任何外部势力试图改变这一现状，都将在 两岸之间制造冲突，威胁和平稳定。中国在这一问题上的立场始终清晰明确，相关的准备工作，已经覆盖了外交、经济以 及必要的防卫手段等多个方面。王毅的发言无疑向美国发出了明确警告，强调了中国在面对冲突时的坚定态度。 慕尼黑安全会议刚刚落下帷幕，两天后，中美两国的高层互动迅速进入实质阶段，为特朗普计划中的四月访华做最后的准 备。2月13日，王毅与鲁比奥的 ...

中国人民银行青海省分行聚焦"八纵八横"高速公路网、综合运输大通道等西部陆海新通道关键节点，鼓 励金融机构加大对全省交通基础设施、物流枢纽园区等互联互通项目的信贷支持。聚焦盐湖钾肥、新能 源电池、碳纤维等地方优势产品出口贸易，引导金融机构丰富信贷产品体系，加大汇率避险模式创新， 推广电子单证、企业线上报告、特殊退汇等普惠性政策措施。兴业银行西宁分行为省内3家新能源电池 企业办理出口外币结算856万元，有效满足企业出口贸易跨境结算需求，助力青海优势产品加速"出 海"。招商银行西宁分行为省内某企业进口大宗商品办理国际信用证项下锁汇业务563万美元，有效帮助 企业应对汇率波动风险。 指导中国建设银行青海省分行将交通物流重点业务纳入信用审批"绿色通道"，进一步提高审批效率。指 导中国工商银行民和支行开通跨境人民币结算专属服务通道，采用电汇结算方式，助力香港地区汇入资 金1-2个工作日到账，马来西亚、泰国等东盟国家汇入资金3-5个工作日到账，较此前外币结算周期缩短 2-3天。搭建青海省跨境金融服务平台，显著提升资金融通效率，大幅节省企业财务成本与时间成本， 有效满足辖内出口企业融资需求，助力新通道涉外经济高质量发展。 本 ...

Group 1 - The core point of the news is that Tongzhou Electronics (002052) clarified on February 10, 2026, that it is not currently developing an 8KW gallium nitride liquid-cooled power supply, which may affect investor expectations regarding the company's capabilities in power technology [1] Group 2 - In the recent stock performance, Tongzhou Electronics experienced a volatile trend over the past week, with a stock price increase of 1.02% on February 10, closing at 11.90 yuan and a trading volume of 2.32 billion yuan, followed by a decrease of 1.27% on February 12, closing at 11.65 yuan with a trading volume of 1.51 billion yuan [2] - As of February 13, the stock price slightly declined by 0.69% to 11.57 yuan, with a total market capitalization of 87.06 billion yuan, influenced by market interest in computing power and lithium battery concepts, as well as the company's high overseas revenue proportion and the impact of RMB depreciation [2] Group 3 - According to Guojin Securities' home appliance industry weekly report released on February 7, 2026, the home appliance sector showed a mixed performance, with Tongzhou Electronics ranking high on the weekly decline list, indicating a shift in the industry from scale-driven to value-driven [3]

Core Insights - The core focus of the articles is on the rapid development of the new energy vehicle (NEV) industry in Henan Province, China, which has been recognized as a key area for growth within the advanced manufacturing sector, aiming to create a trillion-yuan industry cluster [1][10]. Group 1: Industry Growth and Achievements - Henan has integrated NEVs into its key manufacturing clusters, leading to a significant increase in production, with an expected output of 681,000 vehicles in 2024, representing a 117.3% year-on-year growth [1]. - The province's NEV exports are projected to reach 30.87 billion yuan in 2025, marking a growth of over 253% [1]. - Yutong Bus, a leading company in Henan, achieved a record of 49,518 bus sales in 2025, with a 5.54% increase, and 18,356 of these being new energy buses, reflecting a 22.94% growth [3]. Group 2: Technological Advancements and Innovations - Yutong Bus invests over 5% of its revenue annually in R&D, leading to innovations such as a battery management system capable of operating in extreme temperatures [3]. - The collaboration with CATL in Luoyang has established a battery production base that is among the top globally, producing battery cells at a rapid pace [7]. - Companies like Zhonghang Lithium Battery and LYC have developed advanced technologies and products that support the NEV supply chain, enhancing local production capabilities [8]. Group 3: Collaborative Ecosystem and Supply Chain Development - Yutong Bus has fostered collaboration with over 290 local suppliers, achieving a local supply rate of 41% [4]. - The establishment of a "10-minute industrial circle" in Luoyang has facilitated rapid development of related industries, including battery manufacturing and precision components [7][8]. - The government has implemented supportive policies and a "chief service officer" mechanism to enhance the business environment for NEV companies [9]. Group 4: Strategic Vision and Future Outlook - Henan aims to transition from a major automotive province to a strong automotive province by leveraging its full industrial chain and ecosystem [10]. - The province's strategic planning includes appointing the provincial governor as the leader of the NEV and intelligent connected vehicle industry chain, ensuring high-level support for development [9][10]. - The overall vision is to position Henan as a global player in the NEV market, with a comprehensive approach to industry development [5][10].