正力新能2025年中期报告

江蘇正力新能電池技術股份有限公司 Jiangsu Zenergy Battery Technologies Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 股份代號 : 3677 2025中 期 報 告 目錄 04 05 17 24 25 28 30 公司信息 瑉 瑉 19109201 瑉 105104 瑉 公司信息 188262602 68 18346 3677@zenergy.cn www.zenergy.cn H 1831717121716 3677 財務概要 20246301,844.820256303,172.071.9%2024630130.020256 30220.4350.42024630-0.0620256 300.090.15 管理層討論與分析 (Rho Motion)202520026% 2025(Rho Motion)202591028% 2025696.8693.741.4%40.3%44.3% (Rho Motion)202586.7GWh54%2025170GWh 2025485.5GWh51.6%129.8GWh26.7%8.5%354.8GWh73.1%77.6% 20251.520353.52040120509 (LISA) 2023-2035(eVTOL) 管理層討論與分析 C10800V BEVPHEV EREVHEVSUVMPVeVTOL HEVHEV2024HEV70% . 202529.857.63GWh80%20251-6766 104Ah RX1E2023 AS9100D 管理層討論與分析 1. (3)400Wh/kg (1)8C (2)531 (4)15um25%2AI3CTP 16C 2280~350Wh/kg (5)20256303,9992,5242025 3170Wh/kg 管理層討論與分析 2. (3) (1) 95%8,000 1400V5C45G B -38031 20252800V8C240Wh/kg (4) 4545288500J1110-1000HZ-40~6520267 (2) 14.52.65g/cm³435Wh/L (5) ppb320Wh/kg12C15 2800V 4C4,000EREV/PHEV 38C185Wh/kg 25.5GWh202510GWh202615GWh50.5GWh10GWh 1)10C2) BEVPHEVEREV HEVSUVMPV 管理層討論與分析 20246302025630 20246301,844.820256303,172.071.9% 20246301,641.020256302,985.381.9% 20246301,661.720256302,603.356.7% 2024630203.82025630186.78.4% 管理層討論與分析 2024630183.12025630568.7210.5%20246309.9%202563017.9%8 202463022.2202563027.323.0% 2024630182.62025630546.2199.1%20246 3011.1%202563018.3% 202463016.6202563016.4 2024630134.92025630172.728.0% 20246300.5202563022.420246300.3%202563012% 管理層討論與分析 2024630260.32025630252.9 2025630 2024630-0.920256 305.2 20246301.0202563027.3 20256302,548.7202412312,199.1 202463063.8202563068.26.9% 20256304,968.9202412 314,014.52025630800.0202563033.9% 2024630133.82025630160.319.8% 2024630130.02025630220.4350.4 20256307,038.46,596.910,650.66,459.43,749.7 管理層討論與分析 202563059.2%202412 3162.2% 20256301,862.2 2 0 2 563 04,454.7924.13,138.7391.9 2025630125.82024630305.420256301,302.52024630438.620256301,783.72024630234.0 20256305% 202563050%201311 1220256302025630159.72024630134.7(i)(ii)12 2025630 2025630 20256301,598.4 管理層討論與分析 2025630 2025630 企業管治及其他資料 C1 20256 30 C320256 30 D2 D240D232 2025630XVXV78352 (1)L (3)1920 20256 30XV(i)XV78(ii)352(iii) 企業管治及其他資料 2025630XV23XV336 (2)20256 30 1,069,127,3641,439,372,739H (3)18(3) (4)80%99.9990% 46.72% (5)99.01%99.96%(i)(ii)(iii) 2025630336 企業管治及其他資料 20256 305,22420256 30 2025388.52024312.3 202563020256 30 13.2013.2113.22 20256 3020246 30 3.213.22D.3.3瑉3.10(2)3.21 20256 3020256 30 (i)202312020211231(ii)2022224 13.51B(1) 企業管治及其他資料 H2025414927.52025630 中期簡明綜合損益及其他全面收益表 中期簡明綜合權益變動表 中期簡明綜合財務資料附註 1. 2019226202471768 2.1 202563034202412 31 2.2 202412 31 21 21 3. 20256302,823,013,00020246301,514,735,00010% 4. 20252024630 5. 6. 25% 2022202563015%202463015% 7. 20256 3020246 30 中期簡明綜合財務資料附註 8. 9. 2025630871,700,0002024630193,170,000 202563019,576,0002024630389,00011,105,0002024630 10. 2025630344,397,0002024630 11. 20256308,314,0002024630389,000 14. 16. 202475B131,041,2517.631,000,000,0002024131,041,251868,958,749 8.27121,523,7001.001,005,000,000934,100,00020254 14 17. 18. (a) 19. 2025630 19. 20256 30202412 31 20. 20258 28 定義 定義 20251 120256 30 定義 定義