Core Viewpoint - The announcement indicates that the company has been selected by GAC Group to develop and supply power batteries, marking a significant recognition of its SPS battery products in the market [2] Group 1: Partnership and Product Development - The company's wholly-owned subsidiary, Guangzhou Funeng Technology Co., Ltd., has received a "Designation Development Notice" from GAC Group [2] - GAC Group forecasts that the company will begin supplying batteries in the first half of 2027 [2] - The project will utilize the SPS (Super Punch Solution) design for lithium iron phosphate power batteries, indicating a breakthrough in the new energy passenger vehicle sector [2] Group 2: Financial Performance and Production Capacity - The company has issued a profit forecast for 2025, expecting a net loss attributable to shareholders of between -830 million yuan and -580 million yuan [2] - The net profit, excluding non-recurring gains and losses, is projected to be between -861.8 million yuan and -611.8 million yuan [2] - The company’s two new production bases are still in the ramp-up phase, facing high fixed depreciation costs, and are working on improving capacity utilization, equipment efficiency, and yield rates [2]

Group 1 - The company received a "Designation Development Notice" from Guangzhou Automobile Group, selecting it to develop and supply power batteries, with expected supply starting in the first half of 2027 [2] - The project will utilize the Super Punch Solution (SPS) design for lithium iron phosphate power batteries, indicating an increase in market recognition for the company's SPS battery products and a breakthrough in the new energy passenger vehicle sector [3] Group 2 - The designation notice is not a supply agreement, and while both the company and the client have the capability to fulfill obligations, there are uncertainties regarding project progress and sales [4]

Core Viewpoint - Company received a project confirmation from a leading domestic new energy commercial vehicle customer, indicating a significant market recognition for its SPS battery products [1] Group 1 - The project is set to commence supply in 2026 based on the customer's sales forecast and arrangements [1] - The vehicle model will utilize the Super Punch Solution (SPS) design for lithium iron phosphate power batteries [1] - This notification signifies a breakthrough for the company's SPS lithium iron phosphate batteries in the new energy commercial vehicle sector [1]