11月4日，博力威跌5.1%，截至发稿，报35.16元/股，成交5598.25万元，换手率1.56%，总市值35.56亿 元。 资料显示，广东博力威科技股份有限公司位于广东省东莞市东城街道同沙同欢路6号，成立日期2010年4 月8日，上市日期2021年6月11日，公司主营业务涉及绿色环保锂离子电池组及锂离子电芯研发、生产、 销售及服务。主营业务收入构成为：轻型车用锂离子电池46.21%，消费电子类电池21.91%，储能电池 17.72%，其他(补充)9.03%，锂电芯5.12%。 从博力威十大流通股东角度 数据显示，招商基金旗下1只基金位居博力威十大流通股东。招商量化精选股票发起式A（001917）三 季度新进十大流通股东，持有股数45.53万股，占流通股的比例为0.46%。根据测算，今日浮亏损失约 86.06万元。 招商量化精选股票发起式A（001917）成立日期2016年3月15日，最新规模36.63亿。今年以来收益 41.27%，同类排名1054/4216；近一年收益47.59%，同类排名826/3896；成立以来收益279.17%。 招商量化精选股票发起式A（001917）基金经理为王平。 截至发稿， ...

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]

9月19日，博力威盘中下跌2.12%，截至13:42，报36.52元/股，成交4460.37万元，换手率1.21%，总市值 36.94亿元。 资金流向方面，主力资金净流出186.26万元，特大单买入0.00元，占比0.00%，卖出104.38万元，占比 2.34%；大单买入516.92万元，占比11.59%，卖出598.80万元，占比13.42%。 资料显示，广东博力威科技股份有限公司位于广东省东莞市东城街道同沙同欢路6号，成立日期2010年4 月8日，上市日期2021年6月11日，公司主营业务涉及绿色环保锂离子电池组及锂离子电芯研发、生产、 销售及服务。主营业务收入构成为：轻型车用锂离子电池46.21%，消费电子类电池21.91%，储能电池 17.72%，其他(补充)9.03%，锂电芯5.12%。 博力威所属申万行业为：电力设备-电池-锂电池。所属概念板块包括：固态电池、锂电池、新能源、储 能、电池管理等。 截至6月30日，博力威股东户数5467.00，较上期增加33.83%；人均流通股18291股，较上期减少 25.28%。2025年1月-6月，博力威实现营业收入13.45亿元，同比增长62.25%；归母 ...

9月18日，博力威盘中上涨2.02%，截至13:52，报38.39元/股，成交8165.93万元，换手率2.16%，总市值 38.83亿元。 资料显示，广东博力威科技股份有限公司位于广东省东莞市东城街道同沙同欢路6号，成立日期2010年4 月8日，上市日期2021年6月11日，公司主营业务涉及绿色环保锂离子电池组及锂离子电芯研发、生产、 销售及服务。主营业务收入构成为：轻型车用锂离子电池46.21%，消费电子类电池21.91%，储能电池 17.72%，其他(补充)9.03%，锂电芯5.12%。 博力威所属申万行业为：电力设备-电池-锂电池。所属概念板块包括：固态电池、锂电池、新能源、储 能、电池管理等。 截至6月30日，博力威股东户数5467.00，较上期增加33.83%；人均流通股18291股，较上期减少 25.28%。2025年1月-6月，博力威实现营业收入13.45亿元，同比增长62.25%；归母净利润3601.71万元， 同比增长259.56%。 分红方面，博力威A股上市后累计派现6000.00万元。近三年，累计派现4000.00万元。 责任编辑：小浪快报 资金流向方面，主力资金净流出331.23万元 ...

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].

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the actual usage of the raised funds by Guangdong Boliv Technology Co., Ltd. for the first half of 2025, emphasizing compliance with regulatory requirements and the effective management of funds. Fundraising Overview - The company raised a total of RMB 647.75 million by issuing 25 million shares at RMB 25.91 per share, with a net amount of RMB 579.54 million after deducting issuance costs of RMB 68.21 million [1]. - As of June 30, 2025, the company had no remaining balance of the raised funds, having utilized all funds for operational needs and project investments [1][2]. Fund Usage and Management - The company permanently supplemented its working capital with RMB 77.90 million from the remaining funds, including interest [1]. - The company has established a dedicated account management system for the raised funds, ensuring compliance with relevant regulations and protecting investor interests [1][2]. - As of June 30, 2025, the company had no instances of using idle funds for cash management [2]. Project Investment and Surplus Funds - The company has completed several projects, including the lightweight vehicle lithium-ion battery project, the R&D center construction, and the information management system project, with surplus funds being permanently allocated to working capital [2][3]. - The surplus funds were primarily due to cost-saving measures such as optimizing production processes and utilizing domestic suppliers, which reduced overall project costs [2][3]. - The company has not changed the use of raised funds for any projects during the reporting period [2][3]. Compliance and Reporting - The company has adhered to all legal and regulatory requirements regarding the management and disclosure of raised funds, with no violations reported [2][3]. - There were no instances of multiple financings or changes in project feasibility during the reporting period [2][3].

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].