中创新航2025年年度报告

中創新航科 技集團股份有限公司CALB Group Co., Ltd. 股份代號 :3931( 於中華人民共和國註冊成立的股份有限公司 ) 致力於新能源領域的開拓創新和技術引領，持續塑造新能源產業健康生態，為人類能源安全及可持續發展切實履行責任 年度報告2025 2462541658594959698100102219220 202511 12FCCACPA202511 12 20251112FCCACPA20251112 2025101020251010 1 2025101020251010 1 2025101020251010 24840 202510 10202510 10 H 1617 3931 www.calb-tech.com 20251231 2025 20255C/10C20C/25C450Wh/kg20255G AIAI+ 2026AI+AI 2026428 2025 1 SNEResearch2 0 2 52 , 1 4 72 1 . 5 %2 0 2 51,187GWh31.7% 20251,64928.2%47.9%95.465.5%2025769.7GWh40.4%SNE Research425.734.9%19.8% 2 AIInfoLink2025612.39GWh94.59%299.79GWh49.0% 2025144.7GW85%100GW202566.43GW/189.48GWh52%73%2025 3 EUFuelMaritimeES-TRIN2026 2025 1 2 TPP3.0 30900 588Ah/684Ah315,000+450Wh/L DNVCCS ABS RINA 310Wh/kg5-6eVTOL 3 444.0060.0%20.95148.4% (1) 5C/10C5CP7P7243,961kmX95C10C2025OEM 25CHEV/PHEV20C 220Wh/kg120kWh280Wh/kg150kWh310Wh/kgR46eVTOL 450Wh/kg 2C10200160Wh/kg350400Wh/kg 314A314B588Ah684Ah BMS202512316,1382025ISO5600520255G 2 2025 OEM •800V5C2MONA2026•2026• 202546896% •HLGL • • •IPPIndependent power producer600Ah+ eVTOL 3 4 20302040 2025(UNGC) AI+ 360Wh/kg200Wh/kg+10Ah400Wh/kg CTB AIAIAIAI+ (1)(2)TCOTotalCost of Ownership(3) AI600Ah+ ++ eVTOL 20302040 2024123127,751.532025123144,400.0760.0%20241231843.63202512312,095.22148.4%202412310.3336202512310.8326149.6% 202412313.0%1.7202512314.7% 2024123127,751.532025123144,400.0760.0% 2024123119,550.892025123130,299.6755.0% 202412318,200.632025123114,100.4071.9% 2024123127,111.622025123143,480.8360.4%20241231639.9120251231919.2343.7% 1) 2 0 2 41 23 11 2 2 , 4 7 3 . 3 82 0 2 51 23 1148,555.1321.3%2024123186,868.0020251231101,037.6416.3%2024123135,605.392025123147,517.4933.5% 2) 2024123174,419.462025123195,098.5227.8%2024123145,584.302025123160,290.3032.3%2024123128,835.162025123134,808.2220.7% 2025123110,160.09202412313,113.10226.4% 2025123112,190.892024123112,435.96 2025123157,266.592024123146,116.3825,119.5632,147.03 2025123115.9% 2025123164.0%2024123160.8%91.3%2024123177.5% 2025123115,336.16202416,606.58 2025123111,296.962024123114,620.08 2025123122,167.702,553.192,595.7016,155.20863.61 20251231 20251231 20255630050787,620,380A5.83510,826,815.40(155,725,311A 202556119,482,337AA5.63672,685,557.31 2025101010.94%120251121545 20251231805,231,292.200.54% 202520261.781.95=×8,0002025202630 2026416[2026]200Z002120251.202025 (5)80,000,000(60) 2025 202556202579202511212025618 20251231 197042018720201872720188620211210CALB (EUROPE), S. A. •202522024•20243•202432023 •2024220232023•202332022•20231•20231•202273•2022772020-20212022•20222•20214•20212 2005122007320012001 20054 19786201943202012220211210202216 202018820194201611201812014420181201152014420091020115200442009102000520028 19996 1989112021120249 20199202012201752019920155201742014720152 •202411•20245•20245•20244600537•20223•20221•20221 620146 19899202410202212202410202012022122019920201220179201992014720179 •2024419600537•2024130•2023217•202332•2022725•20221031 2014620116 1972112024527201342015220152202452024122005120127200272004121993720026 •202532726•202412•202411•20249•20243•20236•20225•20195•20167•20166 •201511•20153•201410 2021 1993720134 1969320211225 2017420174202380000142016122022700005020161202220005342003720174 •600525 •02352 •000026 19975199171994200072002720045 1970720211225 20128202512201711202480000372016820221000005020161120190029920145202376002932010201219942010 •688775 • • • 19947200312200812 1969620251010 20077+(ISCTE University Institute of Lisbon)(2008 – 2018)EDP(2007-2009)(2018-2024)(2008-2024)199020077 15 20026200732008 1982720249620193201662019220131120165200012201310 •20246•202311•202310•202110•20215 2018112022520067 19748201981320021002190 •20251 •2024CFO2023 •202320254A•2023•2017102016720147201620152013 2012201120112010 2010620209 1987320197152020915201972020920209202311202311202410 20116 19704 19841120151282019952022728 102011720194 •20235•20225•20223•20223•202110•202122020•202122016-2020 20116 19786 198211201871201886 20142201812012120141201010201112200922011122007120091 20037 19831020204202020425 15201552020420106201542008420105 20056200712 198410201512820211115 2016820188201382015920119201372010102011820097201010 2006720096 197710201882020211115 20188202111201172017112007420116 19829201512820211115 201972021102019120196200892018122007112008820068200710 201620166201512CA60FI20141 20066 16 2025111212 20251231 2022106C1 C.2.1 •••• 1 202510 10202510 10 (i)20259153.09D(ii) (1)(2)(3)(4)(5) 20251231C.1 202512313.10(1)(2)3.10A3.133.1320251231 C.2.1 96106 20251010 (i)(ii)(iii)ESGESGESG(iv)ESG(v)ESG 20251231 2025ESGESGESG 3.213.23 (i) (ii) (iii) (iv) 9 (1)(2)(3)(4)(5) 9/9202510105/69/9202510103/3 20251231 E.1.2(c)(ii) (i) (ii) (iii) (iv) (v) 2(1)(2) 2025101020251010 E.1.5202512311649 3,000,0013,500,00053,500,0014,000,00016,500,0017,000,000111,500,00112,000,0001 20242025123124,589