Group 1 - The core point of the news is that Boliwei's stock price dropped by 5.03% to 34.95 CNY per share, with a trading volume of 72.70 million CNY and a turnover rate of 2.04%, resulting in a total market capitalization of 3.535 billion CNY [1] - Boliwei Technology Co., Ltd. is located in Dongguan, Guangdong Province, established on April 8, 2010, and listed on June 11, 2021. The company specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells [1] - The main business revenue composition of Boliwei includes: 46.21% from lithium-ion batteries for light vehicles, 21.91% from consumer electronics batteries, 17.72% from energy storage batteries, 9.03% from other sources, and 5.12% from lithium battery cells [1] Group 2 - Among Boliwei's top ten circulating shareholders, a fund under China Merchants Fund, the China Merchants Quantitative Selected Stock A (001917), entered the top ten in the third quarter, holding 455,300 shares, accounting for 0.46% of the circulating shares, with an estimated floating loss of approximately 842,400 CNY today [2] - The China Merchants Quantitative Selected Stock A (001917) was established on March 15, 2016, with a latest scale of 3.663 billion CNY. Year-to-date returns are 38.85%, ranking 1005 out of 4212 in its category; the one-year return is 41.14%, ranking 695 out of 3956; and since inception, the return is 272.68% [2] Group 3 - The fund manager of China Merchants Quantitative Selected Stock A (001917) is Wang Ping, who has a cumulative tenure of 15 years and 154 days. The total asset scale of the fund is 21.247 billion CNY, with the best fund return during his tenure being 274.97% and the worst being -70.61% [3]

Group 1 - The core viewpoint of the news highlights the significant stock performance and financial growth of Boliwei Technology Co., Ltd. in 2023, with a notable increase in stock price and revenue [1][2]. - As of November 14, Boliwei's stock price increased by 110.95% year-to-date, with a recent price of 38.33 CNY per share and a market capitalization of 3.877 billion CNY [1]. - The company has seen a net inflow of main funds amounting to 810,900 CNY, with significant trading activity reflected in the buying and selling of large orders [1]. Group 2 - For the period from January to September 2025, Boliwei reported a revenue of 2.076 billion CNY, representing a year-on-year growth of 62.73%, and a net profit of 48.54 million CNY, which is a 316.77% increase compared to the previous year [2]. - The company has distributed a total of 60 million CNY in dividends since its A-share listing, with 40 million CNY distributed over the last three years [3]. - As of September 30, 2025, the number of shareholders increased by 11.32% to 6,086, while the average circulating shares per person decreased by 10.17% to 16,431 shares [2].

Group 1 - The core point of the news is that Boliwei's stock price has dropped by 5.1%, currently trading at 35.16 CNY per share, with a total market capitalization of 3.556 billion CNY [1] - Boliwei Technology Co., Ltd. specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells, with its main revenue sources being: 46.21% from lightweight vehicle lithium-ion batteries, 21.91% from consumer electronics batteries, 17.72% from energy storage batteries, and 5.12% from lithium battery cells [1] - The company was established on April 8, 2010, and went public on June 11, 2021 [1] Group 2 - Among Boliwei's top circulating shareholders, a fund under China Merchants Fund has entered the top ten, holding 455,300 shares, which is 0.46% of the circulating shares, with an estimated floating loss of approximately 860,600 CNY [2] - The fund, China Merchants Quantitative Selected Stock A (001917), was established on March 15, 2016, and has a current scale of 3.663 billion CNY, with a year-to-date return of 41.27% [2] - The fund manager, Wang Ping, has a tenure of 15 years and 140 days, with the fund's total asset scale at 21.247 billion CNY [3]

Group 1 - The core point of the news is that Boliwei's stock price dropped by 5.02% to 34.97 CNY per share, with a total market capitalization of 3.537 billion CNY as of the report date [1] - Boliwei Technology Co., Ltd. specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells, with its main revenue sources being: 46.21% from lightweight vehicle lithium-ion batteries, 21.91% from consumer electronics batteries, 17.72% from energy storage batteries, and 5.12% from lithium battery cells [1] Group 2 - Huashang Fund has a significant holding in Boliwei, with the Huashang Quality Selection Mixed A Fund (014558) holding 49,700 shares, representing 1.23% of the fund's net value, making it the ninth-largest holding [2] - The Huashang Quality Selection Mixed A Fund has achieved a year-to-date return of 55.47% and a one-year return of 67.25%, ranking 529 out of 8160 and 451 out of 8021 respectively [2] Group 3 - The fund manager of Huashang Quality Selection Mixed A is Deng Mo, who has been in the position for 10 years and 42 days, with the fund's total asset size at 2.044 billion CNY [3] - During Deng Mo's tenure, the best fund return was 139.6%, while the worst return was -41.84% [3]

Core Viewpoint - The stock of Boliwei has experienced significant fluctuations, with a year-to-date increase of 100.99% but a recent decline of 5.14% over the last five trading days, indicating volatility in investor sentiment and market conditions [1]. Financial Performance - For the first half of 2025, Boliwei achieved a revenue of 1.345 billion yuan, representing a year-on-year growth of 62.25%. The net profit attributable to shareholders was 36.0171 million yuan, showing a substantial increase of 259.56% compared to the previous year [2]. - Cumulatively, since its A-share listing, Boliwei has distributed a total of 60 million yuan in dividends, with 40 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 19, Boliwei's stock price was 36.52 yuan per share, with a market capitalization of 3.694 billion yuan. The stock has seen a trading volume of 44.6037 million yuan and a turnover rate of 1.21% [1]. - The company has been active in the stock market, appearing on the "Dragon and Tiger List" once this year, with the most recent occurrence on September 8 [1]. Business Overview - Boliwei, established on April 8, 2010, and listed on June 11, 2021, is located in Dongguan, Guangdong Province. The company specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells [1]. - The revenue composition of Boliwei's main business includes: 46.21% from lithium-ion batteries for light vehicles, 21.91% from consumer electronics batteries, 17.72% from energy storage batteries, 9.03% from other sources, and 5.12% from lithium battery cells [1].

Group 1 - The core viewpoint of the news is that Boliwei's stock has shown significant growth this year, with a year-to-date increase of 111.28%, despite a recent decline in the last five trading days [1] - As of September 18, Boliwei's stock price was 38.39 yuan per share, with a total market capitalization of 3.883 billion yuan [1] - The company has experienced a net outflow of main funds amounting to 3.3123 million yuan, while large orders showed a buying volume of 16.5234 million yuan and a selling volume of 20.1773 million yuan [1] Group 2 - For the first half of 2025, Boliwei achieved operating revenue of 1.345 billion yuan, representing a year-on-year growth of 62.25%, and a net profit attributable to shareholders of 36.0171 million yuan, up 259.56% year-on-year [2] - The number of shareholders increased to 5,467, a rise of 33.83%, while the average circulating shares per person decreased by 25.28% to 18,291 shares [2] Group 3 - Since its A-share listing, Boliwei has distributed a total of 60 million yuan in dividends, with 40 million yuan distributed over the past three years [3]

Company Overview - Guangdong Bolivian Technology Co., Ltd. is located in Dongguan City, Guangdong Province, established on April 8, 2010, and listed on June 11, 2021. The company specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells [1]. Business Segmentation - The main business revenue composition is as follows: - Lithium-ion batteries for light vehicles: 46.21% - Consumer electronics batteries: 21.91% - Energy storage batteries: 17.72% - Others (supplementary): 9.03% - Lithium battery cells: 5.12% [1]. Stock Performance - On September 12, the stock price of Bolivian fell by 5.06%, closing at 37.70 CNY per share, with a trading volume of 84.69 million CNY and a turnover rate of 2.21%. The total market capitalization is 3.813 billion CNY [1]. Fund Holdings - Huashang Fund has one fund heavily invested in Bolivian, specifically the Huashang Quality Selection Mixed A (014558), which held 49,700 shares in the second quarter, accounting for 1.23% of the fund's net value, ranking as the ninth largest holding. The estimated floating loss today is approximately 99,900 CNY [2]. Fund Performance - The Huashang Quality Selection Mixed A (014558) was established on March 8, 2022, with a current scale of 107 million CNY. Year-to-date returns are 54.82%, ranking 612 out of 8,174 in its category. Over the past year, returns are 90.12%, ranking 682 out of 7,981. Since inception, the return is 12.34% [2]. Fund Management - The fund manager of Huashang Quality Selection Mixed A is Deng Mo, who has a cumulative tenure of 10 years and 7 days. The total asset size of the fund is 2.044 billion CNY, with the best fund return during his tenure being 127.85% and the worst being -41.84% [3].

Core Viewpoint - Guangdong Boliv Technology Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by increased sales in lithium-ion batteries across various sectors, including light electric vehicles and energy storage solutions [2][8]. Company Overview - The company focuses on the research, manufacturing, and sales of lithium-ion batteries, providing energy solutions for electric vehicles, smart homes, and industrial equipment [4][8]. - The company has a comprehensive product range, including lightweight power batteries, energy storage batteries, and consumer electronics batteries [4][8]. Financial Performance - Revenue for the first half of 2025 reached approximately 1.35 billion yuan, a 62.25% increase compared to the same period last year [2]. - The total profit amounted to approximately 36.84 million yuan, a significant turnaround from a loss of 39.37 million yuan in the previous year, marking a 193.55% increase [2]. - Net profit attributable to shareholders was approximately 36.02 million yuan, compared to a loss of 22.57 million yuan in the previous year, reflecting a 259.56% increase [2]. Business Segments - The light vehicle lithium-ion battery segment generated sales of approximately 622 million yuan, a 57.92% increase year-on-year [8]. - The energy storage battery segment saw sales of approximately 238 million yuan, a remarkable 442.12% increase [8]. - The consumer electronics battery segment achieved sales of approximately 295 million yuan, an 8.41% increase [8]. Industry Context - The lithium-ion battery industry is experiencing growth due to the increasing demand for electric vehicles and energy storage solutions, driven by global energy transition and carbon neutrality goals [4][8]. - The company is well-positioned in the market, particularly in the electric two-wheeler segment, which is expected to see continued growth due to supportive policies and market trends [4][8]. Research and Development - The company emphasizes continuous innovation and has developed a complete R&D system covering battery cell principles, material systems, product design, and testing [12][14]. - The company has made significant advancements in battery technology, including the development of high-density cylindrical battery cells and solid-state batteries [14][16]. Strategic Initiatives - The company is expanding its global footprint, particularly in Southeast Asia, by establishing local production and service systems to enhance competitiveness [9][12]. - The company is actively pursuing partnerships in the battery swap business, aligning with the growing demand for electric two-wheelers [8][9].

Core Viewpoint - Guangdong Boliv Technology Co., Ltd. has reported a significant decline in revenue and an increase in losses for the year 2024, primarily due to factors such as inventory destocking by downstream enterprises, falling raw material prices, and provisions for bad debts [1][19]. Group 1: Financial Performance - The company achieved a revenue of 184,399.25 million yuan in 2024, a decrease of 17.48% compared to the previous year [19]. - The net profit for the company was -9,661.33 million yuan, representing a 186.01% increase in losses year-on-year [19]. - The main reasons for the losses include decreased market demand due to inflation and competition, as well as increased provisions for bad debts [19][20]. Group 2: Product Performance - The company primarily engages in the research, manufacturing, and sales of lithium-ion batteries, with a reported revenue decline of 21.95% in 2024 [1]. - The revenue from light vehicle lithium-ion batteries decreased by 7.15%, while sales volume increased, indicating that price reductions were not offset by volume increases [8]. - The sales revenue for consumer electronic batteries dropped significantly, with a unit price decrease of 30.59% leading to a revenue decline [9][10]. Group 3: Market Trends - The lithium battery industry has seen rapid growth, with production expected to reach 1,170 GWh in 2024, although the growth rate is slowing [3]. - The export volume of lithium batteries is projected to increase in 2024 after a slight decline in 2023, indicating a recovery in demand [3]. - The competitive landscape in the lithium battery market is intensifying, with increased production capacity and price pressures affecting profitability [20][21]. Group 4: Industry Comparisons - Compared to peers, the company's revenue and gross margin changes reflect differences in product structure and market focus [14][15]. - For instance, while the company experienced a revenue decline, competitors like Xinwanda reported a 17.05% increase in revenue, highlighting the impact of product diversification [14][16]. - The company’s gross margin was lower than the industry average, indicating challenges in maintaining profitability amidst competitive pressures [14][18]. Group 5: Future Outlook - The company anticipates a recovery in the lithium battery market, driven by new policies and increasing demand for electric vehicles and consumer electronics [20][21]. - The first quarter of 2025 showed signs of improvement, with a significant increase in revenue from storage batteries, indicating potential for recovery [22][23]. - The company is focusing on optimizing production capacity and expanding into new markets to enhance profitability [22][23].