孚能科技（688567.SH），凭借着对固态电池、SPS超级软包电池等核心技术的执着钻研与持续突破， 在 2025 年三季度展现出强劲的技术韧性与发展潜力。10 月31日，公司发布 2025 年三季报，尽管受行 业短期波动影响，前三季度实现营业收入65.64亿元（同比下滑 28.74%），归母净利润-3.85亿元，扣非 归母净利润- 4.22亿元，但公司在核心技术领域的投入与突破从未停歇，为长期发展积蓄了坚实动能。 这份成绩单的背后，是孚能科技对技术创新的坚守 —— 面对行业竞争加剧的态势，公司不疾不徐聚焦 固态电池、SPS 超级软包电池等前沿领域，通过持续的研发投入攻克技术难关，不断优化产品性能与成 本结构。这种以技术为锚点的发展策略，不仅彰显了企业在行业变革中的战略定力，更为其在未来新能 源产业的高质量发展中抢占先机。 固态电池量产提速，SPS技术打开增量市场 固态电池被视为下一代动力电池的"终极方案"，其高能量密度、高安全性与长寿命特性，成为车企与航 空领域竞相布局的技术高地。孚能科技在这一领域的研发与产业化进度已跻身全球第一梯队。 其中，2025年上半年，孚能科技第二代半固态电池（能量密度超330Wh ...

Core Viewpoint - The company, Funeng Technology (688567.SH), announced its advancements in solid-state batteries, positioning itself as a leader in the industry, particularly in semi-solid battery commercialization and ongoing development of various solid-state battery materials [1] Group 1: Semi-Solid Battery Development - The company has received recognition from multiple clients, including GAC, Dongfeng, SANY, FAW Liberation, leading eVTOL customers in the U.S., and top domestic flying car clients, making it one of the earliest companies to achieve semi-solid battery industrialization [1] Group 2: Solid-State Battery Progress - The company is concurrently advancing research on various material systems for solid-state batteries, including sulfide and oxide/polymer composite systems, with plans to deliver small batches of 60Ah sulfide solid-state batteries to strategic partners by the end of 2025 [1] Group 3: SPS Super Soft Pack Battery - The company's SPS super soft pack battery is compatible with multiple material systems, including ternary, lithium iron phosphate, solid-state, and sodium-ion batteries, and has secured project designations from several clients, including GAC, Geely, and Jiangling [1]