一、2025年度主要财务数据和指标 单位：万元 币种：人民币 ■ 注：1.本报告期初数同法定披露的上年年末数。 证券代码：688063 证券简称：派能科技 公告编号：2026-003 上海派能能源科技股份有限公司 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载上海派能能源科技股份有限公司（以下简称"公司"）2025年度主要财务数据为初步核算数 据，未经会计师事务所审计，具体数据以公司2025年年度的定期报告为准，提请投资者注意投资风险。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素说明 报告期内，公司实现营业总收入315,813.79万元，同比增加57.53%；营业利润、利润总额较上年同期分 别减少76.59%、75.25%；归属于母公司所有者的净利润8,412.07万元，同比增加104.64%；归属于母公 司所有者的扣除非经常性损益的净利润-1,049.31万元，同比减亏1,763.83万元；基本每股收益0.35元， 同比增加105.88% ...

Group 1 - The company announced a total operating revenue of 3,158.14 million yuan for the year 2025, representing a year-on-year increase of 57.53% [2] - The net profit attributable to the parent company's owners reached 84.12 million yuan, showing a year-on-year growth of 104.64% [2]

Core Viewpoint - The company reported significant growth in revenue and net profit for the fiscal year 2025, driven by increased demand in both international and domestic energy storage markets [1]. Group 1: Financial Performance - The company achieved an operating revenue of 3.158 billion yuan, representing a year-on-year increase of 57.53% [1]. - The net profit attributable to shareholders reached 84.12 million yuan, marking a year-on-year growth of 104.64% [1]. Group 2: Factors Influencing Growth - The revenue growth was primarily attributed to the recovery of international energy storage market demand and the rising demand in the domestic energy storage and lightweight power markets [1]. - The company optimized resource allocation in sales and R&D, which significantly contributed to the increase in revenue scale [1]. Group 3: Challenges Faced - The competitive landscape in the industry has intensified, leading to pressure on sales prices and increased costs due to changes in export tax rebate policies [1]. - Despite the growth in production and sales scale, the operating profit and total profit declined due to these pressures [1].

2025 年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公告所载上海派能能源科技股份有限公司（以下简称"公司"）2025 年 度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以公司 2025 年年度的定期报告为准，提请投资者注意投资风险。 一、2025 年度主要财务数据和指标 证券代码：688063 证券简称：派能科技 公告编号：2026-003 上海派能能源科技股份有限公司 1 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素说明 报告期内，公司实现营业总收入 315,813.79 万元，同比增加 57.53%；营业 利润、利润总额较上年同期分别减少 76.59%、75.25%；归属于母公司所有者的 净利润 8,412.07 万元，同比增加 104.64%；归属于母公司所有者的扣除非经常 性损益的净利润-1,049.31 万元，同比减亏 1,763.83 万元；基本每股收益 0.35 元，同比增加 105.88%。 报告期内，受益于国际储能市场需求 ...

格隆汇2月27日｜派能科技公告，公司2025年实现营业总收入315,813.79万元，同比增加57.53%；营业 利润、利润总额较上年同期分别减少76.59%、75.25%；归属于母公司所有者的净利润8,412.07万元，同 比增加104.64%；归属于母公司所有者的扣除非经常性损益的净利润-1,049.31万元，同比减亏1,763.83万 元；基本每股收益0.35元，同比增加105.88%。报告期内，受益于国际储能市场需求回暖、国内储能市 场及轻型动力市场需求攀升，公司优化销售端和研发端资源配置，带动收入规模实现显著提升。 ...

派能科技公告称，2025年营业总收入31.58亿元，同比增加57.53%；营业利润、利润总额分别为1494.99 万元、1464.46万元，同比减少76.59%、75.25%；归属于母公司所有者的净利润8412.07万元，同比增加 104.64%；基本每股收益0.35元，同比增加105.88%。营收增长因国际、国内市场需求攀升及资源优化配 置；营业利润和利润总额下降系行业竞争、销售价格承压及成本上升；净利润增长得益于产销规模增长 和子公司经营改善。 ...

Core Viewpoint - The article emphasizes the significant growth potential of sodium-ion batteries, positioning them as a key player in the energy transition, with a forecasted explosive growth in market penetration by 2026, particularly in applications such as energy storage and automotive start-stop systems [1][3]. Sodium-ion Battery Market Overview - The sodium-ion battery market is expected to experience a doubling of penetration rates by 2026, driven by its advantages in resource availability, cost stability, and performance adaptability [1]. - The market potential for sodium-ion batteries is projected to be fully released across various applications, including energy storage and automotive sectors [1]. Company Profile: Pylon Technologies - Pylon Technologies has established itself as a leader in the sodium-ion battery sector, leveraging years of experience in energy technology and a strong foundation in lithium battery production [3]. - The company has achieved significant milestones, including being the first to launch a sodium-ion battery in 2022 and obtaining the first global TÜV Rheinland certification for sodium-ion products [3][8]. Technological Advancements - Pylon's sodium-ion batteries have demonstrated industry-leading performance, including a capacity recovery rate of over 98% after 15,000 cycles at 45°C, and the ability to operate in extreme temperatures from -18°C to 80°C [4][5]. - The company is set to introduce a groundbreaking negative-free sodium-ion technology in 2026, which is expected to enhance energy density by 40% while maintaining safety and low-temperature performance [9][10]. Market Position and Strategy - Pylon Technologies is positioned as the "invisible champion" in the automotive start-stop market, capturing 45%-50% of the market share with its sodium-ion products [1][5]. - The company is expanding its product offerings to cover various applications, including light-duty vehicles and energy storage systems, ensuring a comprehensive market presence [7][8]. Future Outlook - The global sodium-ion battery market is anticipated to exceed 100 GWh by 2030, with Pylon Technologies poised to play a central role in this growth due to its technological innovations and market strategies [11]. - The company aims to redefine energy applications and contribute to global energy transition efforts, leveraging its dual technology matrix of lithium and sodium batteries [10][11].

Core Viewpoint - The company, Pylon Technologies (stock code: 688063), is expected to experience significant developments that may impact its fundamentals or market sentiment in the near future [1] Group 1: Performance and Business Situation - The company has released a performance forecast on January 23, 2026, estimating a year-on-year increase of 50.82% in net profit attributable to shareholders for 2025, reaching between 109.21 million to 109.21 million [2] - Institutions predict that the company's shipment volume in 2026 is likely to double, with lightweight power businesses such as sodium-ion batteries and shared battery swapping potentially becoming new growth points [4] Group 2: Industry Policies and Environment - Australia has set a subsidy discount deadline for home storage systems with a capacity of over 14 kWh on May 1, 2026, while Hungary and the UK have also introduced residential energy storage subsidy plans. These policies may positively impact the demand for the company's overseas business [3] Group 3: Industry and Risk Analysis - The trend of improving supply-demand structure in the lithium battery industry may continue, but there is a need to be cautious of price pressures arising from intensified market competition. The company's product diversification and technological iteration should be closely monitored [5]

Core Viewpoint - The independent energy storage sector is poised for significant growth, particularly in 2026, driven by favorable policies and market dynamics [2][10][11]. Group 1: Policy and Market Dynamics - The National Development and Reform Commission and the National Energy Administration have officially included independent energy storage in the generation-side capacity price mechanism, providing a policy framework for future commercial and industrial energy storage participation [2]. - The independent energy storage market is expected to experience explosive growth in 2026, with many industry representatives predicting it to be a "super explosion year" for the sector [2][10]. - The introduction of the capacity price policy and the increasing demand for renewable energy sources are key drivers for the growth of independent energy storage [13][14]. Group 2: Key Opportunities and Trends - Independent energy storage stations are projected to account for 70-80% of the annual bidding and operational volume, indicating a strong market presence [8]. - The integration of energy storage with renewable sources, such as solar and wind, is becoming increasingly important, with a focus on creating comprehensive energy solutions [4][10]. - The shift towards market-based pricing for electricity is expected to create new revenue opportunities for energy storage systems, particularly in commercial and industrial applications [10][36]. Group 3: Industry Insights and Expert Opinions - Industry experts emphasize the need for energy storage companies to enhance their product capabilities and operational efficiency to adapt to market changes and seize opportunities [10][24]. - The focus on "兜底收益+超额分成" (guaranteed returns plus excess sharing) models is emerging as a strategy to promote the scaling of commercial energy storage [19][22]. - Companies are encouraged to adopt a long-term perspective and collaborate across the energy storage ecosystem to improve project conversion rates and overall market performance [24][25]. Group 4: Technological and Operational Capabilities - Companies must prioritize safety and economic efficiency in their energy storage solutions, ensuring high conversion efficiency and effective operational management [48][51]. - The ability to integrate advanced technologies, such as AI, into energy management systems is becoming crucial for optimizing energy storage operations [42]. - A focus on specialized, stable, and professional capabilities is essential for energy storage firms to meet the increasingly complex demands of the market [46][50].

Core Viewpoint - The competition among lithium battery companies in the two-wheeler market is focusing on product upgrades and channel restructuring as they adapt to the new national standards for electric bicycles [3][4]. Product Upgrades - The introduction of the new national standards has led to a significant decline in lithium battery applications, with lead-acid battery usage surging by 13.4% in Q3 and over 90% in Q4 [3]. - Both lead-acid and lithium battery companies are launching higher capacity and lighter batteries, targeting consumer demands for power, fast charging, and safety [3][4]. - The safety upgrades for lithium batteries include the implementation of Battery Management Systems (BMS) and reduced plastic usage, enhancing overall safety and performance [6][9]. - New lithium battery products are generally offering capacities of 24Ah, 30Ah, or more, significantly improving the range of electric bicycles to meet consumer commuting needs [10][11]. Channel Restructuring - Major lithium battery companies like BYD and Guoxuan High-Tech are actively establishing direct sales stores and online channels to counter traditional dealer monopolies [5][12]. - As of now, 31 companies in the electric bicycle industry have obtained 748 new national standard CCC certificates, with over 276 new models available for consumers [5]. - The establishment of direct sales and authorized stores allows battery companies to maintain control over product sales and improve after-sales service, which is crucial for consumer trust and battery recycling [14].