证券代码：301607 证券简称：富特科技 公告编号：2025-007 安吉二厂于 2025 年上半年正式投产,目前也已成为公司主 要生产基地贡献收益，整体产能规划也将根据客户需求逐步提 升。 公司 2025 年上半年新能源汽车车载电源业务毛利率为 20.23%，较上年同期有一定幅度下降，毛利率波动主要受年降 和供应链成本双向传导影响。近几年，新能源汽车行业市场竞 争异常激烈，多家车企面对生存压力推出"增配不增价"、"车 企兜底补贴"等优惠模式，这类价格战对成本的影响会逐步向 产业链传导，因此公司综合毛利率水平略有下降。为应对竞争 加剧的情形，公司将持续深化技术降本和供应链协同策略，保 障毛利率稳定在合理区间。 公司遵循行业惯例，根据与客户的合作年限、实际履约情况 及客户行业口碑等，针对不同客户采用不同的信用政策，并严 格执行货款回收管理，目前国内客户的信用期一般介于 30 至 90 天之间，具体时长依实际商业谈判结果而定。 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 10 日 地点 湖州安吉 参 ...

Company Overview - South Power is a company with 30 years of experience in energy storage, initially starting in the telecommunications storage sector and now focusing on lithium-ion and lead-acid batteries for various applications [1][2]. - The company has established a global presence, with subsidiaries across four continents and service centers in Europe, the USA, and Australia, covering over 160 countries [2]. Technological Innovation - The company emphasizes technological innovation, having been a pioneer in domestic battery production since its establishment in 1994 and entering the lithium battery market in 2001 [2]. - It has developed a comprehensive R&D platform, including a national laboratory and a postdoctoral research station, covering key areas such as lithium batteries and energy storage systems [2]. Business Transformation - Since 2020, the company has undergone a strategic transformation, completing adjustments in business and capacity structures by the end of 2024, leading to improved operational quality [3]. - The company has secured significant contracts in the North American data center market, with approximately $300 million in revenue from backup batteries for data centers, achieving a gross margin of about 35% [3][4]. Market Demand and Capacity - The current production capacity for data center lithium batteries is 1.5 GWh, with plans to expand to 2.5 GWh by next year [4]. - The company anticipates a doubling of revenue from data center lithium batteries in North America next year, driven by strong demand [5][7]. Order Volume and Distribution - The company has approximately 7.8 GWh of unfulfilled orders, with 5 GWh from domestic markets and 2.8 GWh from overseas, primarily from Australia, Europe, and the UK [6]. - All batteries are produced in-house, with a projected delivery of 1.2 GWh this year and 1.6 GWh next year for independent energy storage projects [6]. Future Outlook - The North American market for data center backup batteries is expected to reach 20 GWh next year, with global demand projected at 30 GWh, indicating significant growth potential [7]. - The company plans to maintain a dual-driven model of "technology R&D + market expansion" to enhance its core competitiveness and optimize operational efficiency [8].

Group 1: Company Performance and Financials - In the first half of 2025, the company achieved revenue of 443,249.77 million CNY, a year-on-year increase of 25.17% [10] - The net profit attributable to shareholders was 31,115.43 million CNY, reflecting a year-on-year growth of 8.47% [10] - The gross profit margin for Q1 2025 was 11%, which increased to 15% in Q2 2025, indicating a recovery trend [4] Group 2: Product Development and Innovations - The company has developed solid-state battery materials, including high ionic conductivity sulfide electrolytes and chlorine-iodine composite sulfide electrolytes, achieving stable production and scalable supply capabilities [3][7] - The company has successfully initiated 10-ton level batch shipments of solid-state lithium battery products, which are being applied in UAVs and humanoid robots [3][9] - The company is advancing high-pressure lithium iron phosphate products, with the third-generation product achieving a density of 2.58 g/cm³ and the fourth-generation product reaching 2.68 g/cm³ [6] Group 3: Market Expansion and Client Relationships - The company has signed strategic cooperation agreements with international clients such as LG and SK, enhancing its presence in global markets [5] - The international client base is continuously expanding, with a stable structure that includes major players in the electric vehicle industry [5] - The company has established deep partnerships with domestic clients, achieving significant sales growth in lithium iron phosphate products, with monthly shipments nearing 10,000 tons [12] Group 4: Strategic Planning and Future Outlook - The company plans to focus on mergers and acquisitions in upstream key raw materials and new lithium battery technologies to maintain its competitive edge [3] - The European new materials industry base project is under construction, aimed at meeting local supply demands for international clients [13] - The company is committed to enhancing its market position through continuous technological innovation and international market expansion [10][13]

证券代码：301529 证券简称：福赛科技 芜湖福赛科技股份有限公司 投资者关系活动记录表 编号：2025-004 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | 现场参观 □其他 ☑ | | | 民生证券、招商基金、嘉实基金、东方资管、中信保诚、华泰资 产、泓德基金、农银汇理、朱雀基金、长盛基金、国泰基金、中 | | 参与单位名称 | 信资管、长江资管、中邮人寿、建信保险、惠升基金、 | | 及人员姓名 | 申万菱信、华商基金、建信保险、建顺投资、合远基金、海富通 | | | 基金、建信养老、富国基金、汇添富基金、建信基金等 | | 时间 | 2025 年 9 月 10 日 14:00 | | 地点 | 公司会议室 | | 上市公司接待 | 董事长兼总经理陆文波先生 | | | 董事会秘书兼财务总监潘玉惠女士 | | 人员姓名 | | | | 证券事务代表聂阳先生 | | | 互动交流开始前，潘玉惠女士首先就公司基本情况、核心优 | | | 势、财务表现与战略发展等进行了简要介绍。 ...

Product Launches - The company has recently launched multiple new products, including the fourth-generation Yidong and CS55PLUS, with the latter expected to officially launch by the end of the year [1] - The Changan Q05 and A06 models were showcased at the fifth Technology Ecology Conference, featuring advanced technologies such as 3C fast charging and a pure electric range of 506 km [1] - The Deep Blue S07 and S09 models were also introduced, with the S07 now available for pre-sale and the S09 officially launched [1][2] Sales Performance - In August 2025, the company achieved sales of 234,000 vehicles, a year-on-year increase of 25%, with cumulative sales from January to August reaching 1.8 million vehicles, up 6.4% [3] - Cumulative sales of self-owned brands from January to August reached 1.525 million vehicles, a growth of 8.0%, while new energy vehicles saw a significant increase of 55.9% with 621,000 units sold [3] - The Changan Q07 model sold 13,698 units in August, maintaining a monthly sales volume of over 10,000 units [3] Intelligent Driving Solutions - The company introduced the "Tianshu Intelligent Driving" brand, focusing on providing safe and intelligent travel solutions [3] - Key technologies include the Tianshu driving assistance system, which utilizes extensive data to enhance predictive driving capabilities [3] - The Tianshu cockpit aims to create a more humanized and intelligent environment, integrating AI technology for a seamless user experience [5] Future Industry Planning - The company plans to explore new technologies in humanoid robots and flying cars, with a goal to mass-produce humanoid automotive robots by 2028 and launch the first manned flying car by 2026 [7][8] - In the unmanned commercial sector, the company is looking into applications for cleaning vehicles, agricultural machinery, and exoskeletons [8] Global Expansion Strategy - The company is accelerating its global "Sea of Stars" plan, aiming for localized production and brand operations in five major overseas regions [8][9] - The company has held 28 brand launch events in Europe and the Middle East and has established a presence in over 100 countries with more than 14,000 global channel outlets [8] - By the end of the year, the company expects to have a total overseas production capacity of 460,000 vehicles, with plans for 20 overseas factories [9]

Group 1: Financial Performance - The company achieved a revenue of approximately 250 million CNY and a net profit of about 49.03 million CNY for the first half of 2025, with an overall gross margin of 39.14% [1] - As of June 30, 2025, the company had an order backlog of 558 million CNY, with overseas project orders amounting to 230 million CNY, accounting for 41.22% of the total, representing a year-on-year growth of 8.35% [1] Group 2: Impact of Trade Disputes - The company reported no direct revenue from exports to the United States in the first half of 2025, indicating that the Sino-U.S. tariff and trade disputes have limited and manageable direct impacts on its operations [1] Group 3: Market Position and Competition - The company holds a leading position in the carbon black industry, with significant advantages in technology, market presence, and qualifications compared to competitors, maintaining a high market share both domestically and internationally [3] - The company exports products to over 30 countries, including the U.S., Canada, Germany, and Japan, and serves as a supplier for major multinational corporations [3] Group 4: Product Quality and Market Stability - The company has a strong competitive edge in the ultra-high temperature heat exchange sector due to its material, design, and process advantages, ensuring high product quality and customer loyalty [4] - The manufacturing barriers are high, and the company maintains a stable market share due to strict quality control and a comprehensive quality assurance system [4] Group 5: Acquisition Progress - The company disclosed the acquisition of Haowei Technology on July 14, 2025, and is actively progressing with the transaction while fulfilling information disclosure obligations as per the developments [6]

Group 1: Business Model and Market Position - The company customizes signal magnetic components based on specific customer needs, enhancing customer retention and reducing supplier switching costs [2] - The company has achieved mass production of high-speed network transformers, including 2.5G, 5G, and 10G models, with the 10G Ethernet transformer being one of the fastest in the industry [2][3] - The company has over 20 years of experience in the network transformer sector, covering a wide range of products from 6PIN to 96PIN and from 100Mbps to 10Gbps, which has solidified its market position [3] Group 2: Challenges in Power Magnetic Components - The power magnetic components market is vast, but the company faces challenges due to price pressures from downstream customers and the need for small-batch, customized products [3] - The automotive sector imposes strict requirements for power density, efficiency, safety, and durability, leading to lengthy and costly certification processes for new products [3] - The company is gradually gaining recognition in the power magnetic components market, successfully entering core applications such as AI server power supplies and data centers [3] Group 3: Product Applications and Future Prospects - The company's products are applicable in servers, industrial robots, and data centers, having received certifications from significant international and domestic clients [3][4] - The company is leveraging new manufacturing techniques for integrated inductors aimed at the mid-to-high-end market, which is currently dominated by foreign manufacturers [4] - With the establishment of new production capacities in the Bay Area and Thailand, the company is positioned to meet increasing market demand and enhance its market share [4]

Group 1: Company Overview - Sichuan Yahua Industrial Group is a leading producer of lithium salt products, particularly battery-grade lithium hydroxide, with industry-leading production technology and equipment [1][2] - The company has achieved full automation, intelligent production, and information management in its production lines, enhancing efficiency and product quality [1] - Yahua is recognized as a core supplier for major global automotive and battery manufacturers, establishing a strong market position [2] Group 2: Market Position and Business Development - The company ranks fourth in the Chinese civil explosives industry, with electronic detonator sales leading the industry for several consecutive years [2] - Yahua has developed stable sales channels and maintains good relationships with large end-users, exporting products to countries such as Myanmar, Nepal, Mongolia, and Laos [2] - The company has diversified its lithium resource supply through self-controlled and purchased mines, ensuring a stable resource guarantee [4] Group 3: Customer Structure and Revenue - In the first half of 2025, revenue from top lithium business clients accounted for 91% of total revenue, with significant contributions from both domestic and international clients [3] - Major international clients include TESLA, LGES, and Panasonic, while domestic clients include CATL and Zhonghua [3] Group 4: Industry Trends and Company Strategy - The company is closely monitoring industry supply and demand changes, aiming for sustainable profitability while adjusting lithium salt production based on market conditions [5] - The recent "anti-involution" policy encourages companies to avoid cutthroat competition and focus on collaboration, capacity planning, and green production practices [5] Group 5: Risk Management - In the first half of 2025, the company utilized lithium carbonate futures for hedging against price volatility, aiming to mitigate risks associated with market fluctuations [7]

Group 1: Company Overview - Guangbo Group has established itself as a leading manufacturer and seller of educational and office supplies in China, with a strong reputation in traditional stationery products such as paper products, writing instruments, and art materials [3] - The company is undergoing a strategic transformation from traditional stationery to cultural and creative products, responding to changing market demands and consumer preferences [3] Group 2: Product Strategy - Guangbo has launched multiple sub-brands, including "kinbor," "fizz," and "papiest," targeting different consumer needs and scenarios, particularly focusing on the younger demographic [3] - The company is expanding into the trendy toy market, developing products like badges, cards, and plush toys, aligning with current market trends [3] Group 3: Channel Strategy - The channel strategy focuses on consolidating traditional channels while exploring new ones, enhancing brand exposure, and strengthening self-operated channels [4] - Guangbo aims to penetrate overseas markets, particularly in Southeast Asia, where there is a growing demand for high-quality, personalized cultural products [4] Group 4: Future Outlook - The company is committed to continuous innovation and brand building, leveraging IP resources to drive growth and adapt to market changes [4] - Guangbo's proactive approach in capturing market trends and consumer demands positions it well for future expansion and success in the cultural and creative sectors [4]

Group 1: Business Strategy and Development - The company adheres to a dual development strategy of "environmentally friendly low-carbon new materials + biological health," focusing on special environmentally friendly paper, printing products, and industrial hemp processing [2][3]. - Continuous efforts are made to optimize production lines and implement cost-reduction reforms while expanding new customer markets and investing in R&D for industrial hemp technologies and products [2][3]. Group 2: Product Innovation and Market Expansion - The special anti-counterfeit environmentally friendly paper includes vacuum aluminum paper and laser anti-counterfeit materials, with a focus on technological innovation and market expansion [3]. - The company plans to actively explore overseas markets, particularly in South America and Southeast Asia, to meet the demand for high-end packaging orders and promote environmentally friendly film paper technology [4][5]. Group 3: Environmental Compliance and Efficiency - The company has reduced VOC emissions by over 75% by adopting water-based inks, complying with national and EU environmental regulations [6]. - Implementation of an AI visual inspection system and a digital production management system has improved production efficiency and reduced labor costs [5][6]. Group 4: Industrial Hemp Development - The company collaborates with Yunnan University to establish a CBD research center, focusing on the potential applications of CBD in various medical fields [7]. - Multiple patents related to industrial hemp extraction and purification have been applied for, supporting drug formulation development [7]. Group 5: Financial Performance and Future Plans - In the first half of 2025, the company's main revenue decreased by 12.19%, while net profit increased by 23.11% due to high-value business expansion and cost control measures [9]. - The company is in discussions for an H-share listing, which is expected to enhance its global strategy and brand image [9].