Company Actions - Airo Energy announced that from August 1, 2025, to September 24, 2025, Mr. Li Xinfeng increased his shareholding by approximately 300,000 shares, representing about 0.19% of the company's total share capital [1] - The total transaction amount for the share purchase was approximately 20.0044 million RMB, exceeding the lower limit of the buyback plan set at 20 million RMB, indicating the completion of the related buyback plan [1] Market Context - On the anniversary of "9.24", the total market capitalization of A-shares surpassed 116 trillion RMB, highlighting significant transformations reshaping the new ecosystem of China's capital market [1]

已披露增持计划情况 浙江艾罗网络能源技术股份有限公司（以下简称"艾罗能源"或"公司"） 于 2025 年 4 月 9 日披露了《关于控股股东增持公司股份计划的公告》，公司控股 股东、实际控制人、董事长、总经理李新富拟自 2025 年 4 月 9 日起 6 个月内， 通过上海证券交易所交易系统允许的方式（包括但不限于集中竞价、大宗交易等） 增持公司股份，本次合计增持金额不低于人民币 2,000 万元，不超过人民币 3,000 万元。 增持计划的实施结果 自 2025 年 8 月 1 日至 2025 年 9 月 24 日，李新富先生通过上海证券交易所 系统以集中竞价交易方式累计增持公司股份 300,700 股，约占公司总股本的 0.19%，成交总额约为 2,000.44 万元人民币（不含交易费用），已超过增持计划 下限金额 2,000 万元，本次增持计划已实施完毕。 | 增持主体名称 | 李新富 | | | | --- | --- | --- | --- | | 增持主体身份 | 控股股东或实控人 | 是 | 否 | | | 控股股东或实控人的一致行动人 | 是 | 否 | | | 直接持股 5%以上股东 ...

北京市金杜律师事务所 关于浙江艾罗网络能源技术股份有限公司 控股股东增持公司股份的法律意见书 致：浙江艾罗网络能源技术股份有限公司 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）、《上市公司收购管理办法》（以下简称《收 购管理办法》）等有关规定，北京市金杜律师事务所（以下简称本所）接受浙江 艾罗网络能源技术股份有限公司（以下简称公司或艾罗能源）的委托，就公司控 股股东李新富（以下简称增持人）增持浙江艾罗网络能源技术股份有限公司股份 （以下简称本次增持）的相关事宜，出具本法律意见书。 为出具本法律意见书，本所及本所律师根据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等有关规定及本法 律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤 勉尽责和诚实信用原则，对本次增持所涉及的事实和法律问题进行了充分的核查 验证，保证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见 合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 本法律意见书的出具已得到增持人的如下保证： 1. 其 ...

Group 1 - The core point of the article is that Airo Energy (688717.SH) has completed a share buyback plan, with the chairman and general manager, Li Xinf, purchasing a total of 300,700 shares, representing approximately 0.19% of the company's total share capital [1] - The total amount spent on the share buyback was approximately 20.0044 million RMB, which exceeds the lower limit of the buyback plan set at 20 million RMB [1] - The buyback period was from August 1, 2025, to September 24, 2025, and the plan has now been fully implemented [1]

Core Viewpoint - The controlling shareholder of Airo Energy, Li Xinf, has completed a share buyback plan, acquiring a total of 300,700 shares, which represents 0.19% of the company's total equity, with a total transaction amount of 20.0044 million yuan, exceeding the lower limit of the buyback plan of 20 million yuan [1] Summary by Relevant Sections - Share Buyback Details - Li Xinf's share buyback occurred from August 1, 2025, to September 24, 2025 [1] - The total shares acquired were 300,700, amounting to 20.0044 million yuan [1] - The buyback plan has been fully implemented [1] - Shareholding Structure - Post buyback, Li Xinf and his concerted parties hold a total of 56,396,700 shares [1] - This represents a holding percentage of 35.25% of the company's total equity [1]

Group 1 - The core point of the article is that Airo Energy (688717.SH) has completed a share buyback plan, with the chairman and general manager, Li Xinf, purchasing a total of 300,700 shares, representing approximately 0.19% of the company's total equity [1] - The total amount spent on the share buyback was approximately 20.0044 million RMB, excluding transaction fees, which exceeds the lower limit of the buyback plan set at 20 million RMB [1] - The buyback period was from August 1, 2025, to September 24, 2025, and the plan has now been fully implemented [1]

Group 1 - The core viewpoint of the news highlights the financial performance and trading activities of Airo Energy, indicating a decline in stock price and significant trading volume on September 22, with a net financing outflow of 4.27 million yuan [1] - As of September 22, Airo Energy's total margin trading balance reached 302 million yuan, accounting for 4.08% of its market capitalization, which is above the 90th percentile of the past year [1] - The company reported a total of 7,771 shareholders as of June 30, a decrease of 10.26%, while the average circulating shares per person increased by 58.91% [2] Group 2 - For the first half of 2025, Airo Energy achieved operating revenue of 1.807 billion yuan, representing a year-on-year growth of 14.09%, and a net profit attributable to shareholders of 142 million yuan, up 37.65% year-on-year [2] - Airo Energy has distributed a total of 150 million yuan in dividends since its A-share listing [3]

Core Viewpoint - The report highlights the financial performance and operational stability of Zhejiang Airo Network Energy Technology Co., Ltd. for the first half of 2025, indicating a positive growth trajectory in revenue and profit, driven by technological innovation and sustained R&D investment [1][13]. Financial Performance - In the first half of 2025, the company achieved a revenue of 1,806.70 million yuan, representing a year-on-year increase of 14.09% [1]. - The net profit attributable to shareholders was 141.78 million yuan, up 37.65% year-on-year, while the net profit excluding non-recurring items reached 104.91 million yuan, reflecting a 59.53% increase [1]. - R&D expenses totaled 318.92 million yuan, a 34.08% increase from the previous year, accounting for 17.65% of revenue [1][17]. Risk Factors - The company faces several risks, including: - **Core Competitiveness Risks**: Risks related to technological upgrades and potential loss of key technical personnel [3][4]. - **Operational Risks**: A decline in gross margin, which was reported at 33.57%, down 4.69 percentage points from the previous period [6]. - **Financial Risks**: Risks associated with accounts receivable and foreign exchange fluctuations, with accounts receivable net amounting to 713.30 million yuan, representing 10.63% of total assets [8][9]. Industry Context - The company operates in a technology-intensive industry, particularly in the photovoltaic and energy storage sectors, which are experiencing significant policy-driven growth in regions like Europe and the U.S. [10][11]. - The industry is subject to risks related to policy changes, subsidy reductions, and international trade disputes, which could impact the company's sales and market position [12][13]. R&D and Innovation - The company has maintained a strong focus on R&D, with a notable increase in R&D spending and a robust pipeline of patents, including 10 new invention patents granted in the first half of 2025 [17][18]. - The core technologies developed by the company are crucial for maintaining its competitive edge in the market [15][16]. Compliance and Governance - The company has adhered to regulatory requirements for information disclosure, with no significant compliance issues reported in the first half of 2025 [2][13].

Core Viewpoint - The company, Zhejiang Airo Network Energy Technology Co., Ltd., is set to hold a half-year performance briefing on September 30, 2025, to discuss its operational results and financial status for the first half of 2025, following the release of its semi-annual report on August 29, 2025 [2][3][7]. Group 1: Meeting Details - The performance briefing will take place on September 30, 2025, from 10:00 to 11:00 AM at the Shanghai Stock Exchange Roadshow Center [2][5]. - Investors can submit questions from September 23 to September 29, 2025, through the Roadshow Center website or via the company's email [2][6]. - The meeting will be conducted in an interactive online format, allowing for real-time communication between the company and investors [3][4]. Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of 1,806.70 million yuan, representing a year-on-year increase of 14.09% [7]. - The net profit attributable to shareholders was 141.78 million yuan, up 37.65% year-on-year, while the net profit excluding non-recurring items reached 104.91 million yuan, reflecting a 59.53% increase [7][14]. - Research and development (R&D) expenses totaled 318.92 million yuan, a 34.08% increase compared to the previous year, accounting for 17.65% of revenue [7][19]. Group 3: Core Competitiveness - The company has maintained a strong focus on household energy storage technology, being one of the earliest entrants in the field, with a rich accumulation of technology and patents [17][18]. - The company has developed several core technologies related to energy storage, including MPPT tracking technology and power control technology, and has secured multiple patents during the reporting period [17][21]. Group 4: Risk Factors - The company faces several risks, including core competitiveness risks related to technology upgrades, potential loss of key technical personnel, and risks associated with core technology leakage [8][9]. - Financial risks include accounts receivable bad debt risks, with net accounts receivable amounting to 713.30 million yuan, representing 10.63% of total assets [10]. - Industry risks are influenced by policy changes in key markets, particularly in Europe and the U.S., which could impact the company's sales and market position [11][12][13].

根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》等有关法律、法规的规定，招商证券股份有限公司（以下简称"保荐机构"） 作为浙江艾罗网络能源技术股份有限公司（以下简称"艾罗能源"、"公司"）持 续督导工作的保荐机构，负责艾罗能源上市后的持续督导工作，并出具本持续督 导半年度跟踪报告。 招商证券股份有限公司 关于浙江艾罗网络能源技术股份有限公司 2025 年半年度持续督导跟踪报告 一、重大风险的结论性意见 公司 2025 年上半年实现营业收入 180,670.49 万元，同比增长 14.09%；归属 于上市公司股东的净利润 14,178.36 万元，同比增长 37.65%；归属于上市公司股 东的扣除非经常性损益的净利润 10,491.01 万元，同比增长 59.53%。2025 年上半 年，公司始终以技术创新驱动产品创新，持续保持高比例研发投入，不断巩固并 提高核心竞争力。2025 年上半年，公司研发投入合计 31,891.80 万元，较上年同 期增长 34.08%，研发费用占营业收入比例为 17.65%。公司的主营业务、核心竞 争力未发生重大不利变化，与行业变化趋势一致，所处行业亦不存 ...