维科技术：拓展新赛道，储能钠电项目参与量交付量领跑行业，研发投入金额及研发强度均创上市后新高

Core Insights - The company reported a revenue of 1.528 billion yuan in 2024, a year-on-year decrease of 8.64%, while net profit loss was reduced to 28.7 million yuan, showing significant improvement in loss reduction [2] - The main business areas include research, production, and sales of consumer batteries, small power batteries, and sodium-ion battery energy storage [2] - The company made significant progress in expanding its new industries, particularly in the 3C consumer battery sector, and successfully passed audits for major clients like MOTO and leading players in the smart cleaning home business [2] - The company participated in numerous sodium-ion energy storage projects in China, leading the industry in project participation, delivery volume, and product performance, and won the first public tender for a 100MWh sodium-ion energy storage application project [2] - The company ranked first in both the "2024 China Sodium Battery Shipment Volume TOP20" and "2024 China Energy Storage Sodium Battery Shipment Volume TOP5" lists [2] Industry Insights - In the global sodium battery market, the energy storage sodium battery segment is expected to be the largest shipping market in 2024, accounting for 61% of the market share, driven by large-scale demonstration projects in China [3] - The global sodium battery shipment scale is projected to grow to 23.1 GWh in 2025, representing a year-on-year increase of 542% [3] - The company increased its R&D investment to 125 million yuan in 2024, a 43% year-on-year increase, with R&D expenses accounting for 8.16% of revenue, up nearly 3 percentage points from the previous year [3] - The number of R&D personnel reached 526, making up 23.07% of the total workforce by the end of 2024 [3] R&D Progress - The company completed the development of 35H and 45H series products for small power batteries and established a 12V low-voltage solution for automotive starting power [4] - The company achieved the industry's highest capacity of 230AH sodium-ion cell for energy storage and developed high-rate sodium batteries and lithium iron phosphate batteries to respond quickly to market changes [4] - Plans for 2025 include increasing SMT R&D investment, mass production of sodium-ion battery products, and developing high-rate sodium battery products for special vehicles and ultra-fast charging station energy storage applications [4] Shareholder Dynamics - The number of shareholders has been decreasing for two consecutive quarters, with a 9.87% reduction at the end of last year and a further 1.6% decrease by the end of the first quarter [5]