浙江恒威(301222) - 301222浙江恒威投资者关系管理信息2025-004

Group 1: Company Overview - Zhejiang Hengwei Battery Co., Ltd. specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries, with key products including LR03, LR6, LR14, LR20, and 6LR61 series alkaline batteries [2] - The company achieved a revenue of CNY 47,469.9 million and a net profit of CNY 6,123.72 million in the first three quarters of 2025 [2] Group 2: Performance Challenges - The decline in performance is attributed to several factors: 1. Increased international trade friction, particularly the US-China trade war, affecting US business operations [2] 2. Intensified competition in the zinc-manganese battery industry, leading to pressure on profit margins [2] 3. Changes in export tax rebate policies, with the rate reduced from 13% to 9%, impacting profit performance [2] Group 3: Domestic Market Development - The company is focusing on expanding its domestic business, collaborating with well-known enterprises in the electrical and e-commerce sectors [3] - There is significant potential for growth in the domestic market, with plans for refined management across various dimensions including product, business collaboration, sales channels, and feedback [3] Group 4: Production Capacity and Expansion - The production capacity utilization at the Jiaxing headquarters is high, with sufficient orders in hand [3] - The new production line at the Vietnam base is in the trial production phase, gradually ramping up capacity, with plans to achieve an annual production of 800 million alkaline batteries and 1.03 billion carbon batteries upon reaching full capacity [3] Group 5: Industry Landscape - The zinc-manganese battery industry is experiencing steady growth, with China being the largest producer globally, and domestic manufacturers achieving world-class production capacity and technology [4] - The global production capacity is concentrated in China, with major OEM manufacturers supporting retail brands and international companies like Duracell and Panasonic maintaining local production capabilities [4] Group 6: Future Strategies - The company plans to enhance its investment and acquisition strategies by closely monitoring national policies and industry trends, aiming to strengthen its core business while cautiously selecting suitable targets for investment [4]