Group 1: Company Overview - The company focuses on the research, development, production, and sales of high-voltage power supply systems for electric vehicles, including on-board chargers (OBC), DC/DC converters, and power integration products [1] - The main function of on-board power products is to convert AC power from the grid into DC power for electric vehicle batteries and to convert high-voltage DC output from batteries into low-voltage DC for vehicle equipment [1] Group 2: International Business Development - In 2021, the company partnered with Renault, with mass production expected to gradually start in 2024 [1] - By 2024, overseas business revenue is projected to account for approximately 6.8%, increasing to over 17% in the first half of 2025, indicating progress in the company's internationalization strategy [1] Group 3: Business Strategy and Market Approach - The company has focused on expanding its business around battery charging and discharging technology, primarily targeting on-board power products for electric vehicles, while non-vehicle products are developed based on customer demand [3] - The company maintains an open yet cautious approach in other fields, assessing the maturity of commercial scenarios and market supply structures before investing [3] Group 4: Shareholder Information - On September 4, 2025, a portion of shares prior to the initial public offering and strategic placement, accounting for 50.71% of total shares, was unlocked and listed for trading [4] - Shareholders wishing to reduce their holdings must announce their intentions in advance, while others can reduce their holdings without additional disclosure from the company [4] Group 5: Regulatory Compliance - On September 19, 2025, the company received a notification from the Shenzhen Stock Exchange regarding the acceptance of its application for a specific stock issuance [5] - The company will strictly adhere to relevant regulations and regulatory requirements in advancing subsequent work [5] Group 6: Disclosure of Information - The investor relations activity does not involve the disclosure of any undisclosed significant information [6]

证券代码：301607 证券简称：富特科技 公告编号：2025-009 浙江富特科技股份有限公司投资者关系活动记录表 投资者关系活 动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 __ 时间 2025 年 9 月 16 日 地点 杭州分公司会议室 参与单位名称 及人员姓名 华西证券 上市公司接待 人员姓名 董事会秘书 李岩 投资者关系活 动主要内容介 绍 1、请简单介绍下公司的基本情况？ 公司主要从事新能源汽车高压电源系统研发、生产和销 售，主要产品包括车载充电机（OBC）、车载 DC/DC 变换器、 车载电源集成产品等车载高压电源系统，以及液冷超充桩电源 模块、智能直流充电桩电源模块等非车载高压电源系统。其中 车载电源产品主要功能是将电网中的交流电转换为直流电，为 新能源汽车动力电池供电，以及将动力电池输出的高压直流电 转换为低压直流电，以供低压车载电器或设备使用。 2、公司客户集中度情况如何？ 目前，公司已与多家头部车企建立稳定的合作关系，主要 客户包括广汽、蔚来、小米、零跑、小鹏、雷诺、Stellantis 等优质厂商。得益于新增客户项目的稳 ...

富特科技(301607)9月11日晚间公告，公司股东湖北长江蔚来新能源投资管理有限公司-湖北长江蔚来新 能源产业发展基金合伙企业(有限合伙)(下称「长江蔚来产业基金」)计划在规定期限内减持公司部分股 份。 截至本公告披露日，长江蔚来产业基金持有富特科技总股本的10.65%。其持有的股票来源为首次公开 发行前已发行的股份及资本公积金转增股本获得的股份，均为无限售流通股，不存在质押、冻结情形。 此次减持计划中，长江蔚来产业基金计划自本公告披露之日起15个交易日后的3个月内，即2025年10月 13日至2026年1月12日，通过集中竞价交易方式、大宗交易方式合计减持股份数量不超过目前总股本的 3%。 在减持方式的具体限制上，通过集中竞价交易方式减持的，在任意连续90个自然日内减持股份数量不超 过公司股份总数的1%;通过大宗交易方式减持的，在任意连续90个自然日内减持股份数量不超过公司股 份总数的2%。同时，减持价格将根据减持时的市场价格确定，且不低于发行价。 公告还提及，长江蔚来产业基金不存在《深圳证券交易所上市公司自律监管指引第18号--股东及董事、 高级管理人员减持股份》规定的情形。 长江蔚来产业基金本次减持的 ...

Core Viewpoint - Hubei Changjiang Weilai New Energy Investment Management Co., Ltd. plans to reduce its stake in Fute Technology, holding 10.65% of the total share capital, due to its own funding needs [1][2]. Group 1: Share Reduction Plan - The Changjiang Weilai Industrial Fund intends to reduce its holdings by up to 3% of the total share capital from October 13, 2025, to January 12, 2026, through centralized bidding and block trading [1]. - The specific limits for the reduction include a maximum of 1% through centralized bidding and 2% through block trading within any continuous 90-day period [1]. - The reduction price will be determined based on market conditions at the time of the sale, with a minimum price not lower than the issuance price [1]. Group 2: Company Background - Fute Technology specializes in the research, production, and sales of high-voltage power supply systems for electric vehicles, including on-board chargers (OBC), on-board DC/DC converters, and integrated power supply products [2]. - NIO Inc. is a major customer of Fute Technology, which is significant given NIO's recent announcement to publicly issue up to 182 million A-class ordinary shares as part of its second public financing plan this year [2]. - NIO reported a net loss of 4.995 billion yuan in the second quarter, although this represented a 26% reduction from the previous quarter [2].

Core Insights - Futec Technology reported a significant revenue increase of 122.64% year-on-year, reaching 1.474 billion yuan in the first half of 2025, driven by strong sales in new energy vehicle products and technical services [1] - The company is well-positioned to benefit from the overall recovery of profit margins in the new energy vehicle industry, supported by its core technologies in power electronics and software development [1] Industry Overview - The new energy vehicle industry is a key direction for the global automotive industry's transformation, with China's production and sales of new energy vehicles reaching 6.968 million and 6.937 million units respectively in the first half of 2025, marking a year-on-year growth of 41.4% and 40.3% [2] - New energy vehicles accounted for 44.3% of total new car sales in China, indicating a significant shift towards electrification in the automotive market [2] Company Performance - In 2024, Futec Technology achieved domestic revenue of 1.802 billion yuan and overseas revenue of 132 million yuan, with overseas revenue growing by 5815.39%, solidifying its domestic market presence while making strides in international markets [3] - The company has established stable partnerships with major automotive manufacturers, including GAC Group, NIO, and Stellantis, enhancing its brand influence in the industry [3] R&D and Technological Advancements - Futec Technology emphasizes R&D as a core competitive advantage, with R&D expenses reaching 121 million yuan in the first half of 2025 and a team of 910 people, accounting for 39.57% of total employees [4] - The company has obtained 106 authorized patents, including 46 invention patents, reinforcing its technological barriers and supporting product innovation [4] Strategic Initiatives - The company plans to raise up to 528 million yuan through a private placement to fund projects focused on intelligent manufacturing of core components for new energy vehicles and the development of new generation vehicle power products [6][7] - The investment projects are aligned with the company's main business and aim to enhance production capacity and product competitiveness in response to growing global market demand [7] Future Outlook - Futec Technology aims to become a leading supplier of new energy vehicle components and digital energy solutions, leveraging its expertise in vehicle-mounted products and expanding into non-vehicle applications [8] - The company is focused on the integration of electronic and electrical architectures, positioning itself to capitalize on the evolving trends in the new energy vehicle sector [8]

Core Viewpoint - Shenzhen VMAX New Energy (Group) Co., Ltd. reported a revenue increase of 6.82% year-on-year for the first half of 2025, driven by the growth in the electric vehicle market and the optimization of product structure [3][20]. Company Overview and Financial Indicators - The company achieved an operating income of CNY 2,959,987,110.50, compared to CNY 2,771,059,972.57 in the same period last year [3]. - The total profit for the period was CNY 313,301,843.79, reflecting a 22.38% increase from CNY 256,005,472.96 [3]. - The net profit attributable to shareholders was CNY 272,171,038.88, up 26.18% from CNY 215,706,270.77 [3]. - The net cash flow from operating activities reached CNY 483,335,396.02, a significant increase of 3,369.18% compared to CNY 13,932,271.29 [3]. - The company's net assets at the end of the reporting period were CNY 3,352,188,497.91, a 2.52% increase from CNY 3,269,865,648.86 [3]. Industry and Business Situation - The company operates in the automotive manufacturing sector, specifically in the production of electric vehicle components, including onboard power supplies and electric drive systems [5][6]. - The domestic electric vehicle market saw a production and sales increase of 12.5% and 11.4% respectively in the first half of 2025, with electric vehicle sales reaching 696.8 million units, a growth of 41.4% [6]. - The company specializes in the research, production, and sales of electric vehicle power domain products, including onboard chargers and DC/DC converters [7][20]. - The company holds a 17.2% market share in the onboard charger market for passenger vehicles in China, ranking second [8]. Main Business Performance - The main business revenue for onboard power supplies was CNY 258,145.87 million, accounting for 88.95% of total revenue, while the electric drive system revenue was CNY 32,076.50 million, making up 11.05% [20]. - Domestic sales contributed CNY 275,936.07 million, a 17.88% increase, while overseas sales dropped by 46.60% to CNY 14,286.31 million [20]. Research and Development - The company invested in R&D focusing on product integration, high voltage, multifunctionality, and new material applications, with a significant emphasis on updating mainstream products like 6.6kW and 11kW [20]. - The company has accumulated 16 core technologies with independent intellectual property rights, supporting rapid development and production of diverse customer needs [19].

Group 1: Multi-in-One Technology Development - Multi-in-one technology includes two main types: integration within the power sector (e.g., vehicle power supply and EVCC) and integration between power and drive components (e.g., vehicle power supply and electronic control) [1] - This technology offers advantages in product size and cost, aligning with the trends of integration and intelligence in new energy vehicles [1] - The company plans to achieve mass production of integrated vehicle power supply products and motor controllers by 2025 through collaboration with OEMs [1] Group 2: High Voltage Product Sales and Value Enhancement - Currently, 400V voltage platform products dominate the company's mass production projects, while some 800V vehicle power supply systems have also been mass-produced [1] - 800V products typically have a higher unit value, influenced by project technical requirements and production processes [1] - The promotion speed of high voltage platform products is linked to technological maturity and the development of fast-charging infrastructure, with expectations for an increasing share of high voltage products in the future [1] Group 3: Gross Margin Fluctuations - The company's overall gross margin remained stable in 2024, with quarterly fluctuations attributed to customer reductions, supply chain cost reductions, and the timing of technical cost reduction measures [2] - Future strategies include optimizing technology and innovation, building platforms to effectively lower raw material and production costs, and enhancing supply chain management to improve profitability [2] Group 4: Customer Penetration and Business Expansion - The company has strengthened relationships with existing customers and established projects with several automotive clients, including XPeng Motors and Xiaomi Motors, with mass production already achieved for some projects [2] - Projects with Changan Automobile and Leap Motor are expected to reach mass production by 2025, contributing to sustained growth in domestic business [2] - Non-automotive business development is progressing cautiously, with a focus on evaluating market maturity and company advantages before making investments [2]

Core Viewpoint - The company focuses on the electric vehicle (EV) battery charging and discharging sector, emphasizing technological innovation and market expansion, particularly in the EV industry, while maintaining a strong commitment to research and development [5][21]. Company Overview - The company has established itself in the battery charging and discharging field, aligning with the growth of the EV market through continuous investment in technology and product development [5]. - The main products include on-board chargers (OBC), DC/DC converters, and various power modules for both vehicle-mounted and non-vehicle applications [7]. Business Model - The company employs a research and development model that combines market-driven technology trends with customized product development, ensuring alignment with customer needs and industry advancements [8][9]. - The procurement strategy is based on sales forecasts, ensuring a stable supply chain through a qualified supplier list [10]. - The production model is also sales-driven, adapting to customer orders and forecasts to optimize production efficiency [11][12]. - The sales approach is direct, focusing on collaboration with EV manufacturers and providing after-sales services [13]. Core Competitiveness - The company maintains a strong focus on technological innovation, with a significant R&D budget of 200.08 million yuan in 2024, and a dedicated team of 813 employees, representing 49.3% of the workforce [14]. - The R&D efforts are recognized by various awards from clients and government bodies, highlighting the company's innovation capabilities [15]. - The company has established a comprehensive testing system and advanced laboratory facilities to ensure product quality and compliance with international standards [16][18]. - Automation in manufacturing processes enhances production efficiency and product consistency, addressing the challenges of custom product requirements [19]. Business Performance - In the reporting period, the company achieved a revenue of 1.9338425 billion yuan, reflecting a year-on-year growth of 5.38%, with a net profit of 94.6052 million yuan [21]. - The domestic EV market saw significant growth, with production and sales reaching 12.888 million and 12.866 million units, respectively, marking increases of 34.4% and 35.5% year-on-year [22]. - The company has successfully established partnerships with major domestic and international automotive brands, enhancing its market presence [23][20]. Strategic Developments - The company has made significant progress in platform-based product development, achieving a 30% reduction in product size and a 10% decrease in component count compared to previous models [24]. - Efforts in lean production and automation have led to improved production efficiency and reduced labor costs, with ongoing construction of overseas factories to meet international demand [24]. - The company is advancing its information technology systems to enhance operational efficiency and support strategic goals [25].

Core Viewpoint - The company, Shenzhen Weimais New Energy (Group) Co., Ltd., has decided to postpone the completion dates of certain fundraising projects while maintaining the original investment content and total amount, ensuring compliance with regulatory requirements and protecting shareholder interests [1][7][8]. Fundraising Overview - The company raised a total of RMB 199,090.90 million by issuing 42.1 million shares at RMB 47.29 per share, with a net amount of RMB 183,581.54 million after deducting issuance costs [1]. - All raised funds have been deposited into a dedicated account, and a tripartite supervision agreement has been signed with the underwriter and the bank [2]. Project Status - As of June 30, 2024, the total investment for the fundraising projects is RMB 133,230.33 million, with cumulative investment amounting to RMB 113,309.39 million [2]. - The "Longgang Baolong New Energy Power Supply Experimental Center" project has had its completion date postponed from December 31, 2024, to December 31, 2027 [3]. Reasons for Postponement - The postponement is attributed to the evolving market conditions, increased competition in the electric vehicle components industry, and the need for careful management of fundraising usage to ensure project success [3][4]. - The company aims to align with national policies supporting the development of the new energy vehicle industry and to enhance its technological innovation and market competitiveness [4][5]. Project Re-evaluation - The company has conducted a re-evaluation of the necessity and feasibility of the postponed project, confirming its continuation in light of policy support and market demand for vehicle power supply products [4][6]. - The focus will remain on technological advancements and product integration to meet the growing needs of the electric vehicle market [6]. Impact of Postponement - The postponement is expected to have no substantial negative impact on the company's operations or shareholder interests, as it does not alter the investment content or total amount of the projects [7][8]. - The decision is seen as a prudent measure to ensure that the projects align with the company's long-term development strategy [7].

本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不 确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎 作出投资决定。 浙江富特科技股份有限公司 （浙江省湖州市安吉县递铺街道文昌路 505 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股说明 书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股 说明书作为投资决定的依据。 保荐人（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 浙江富特科技股份有限公司 招股说明书（注册稿） 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发 ...