德宏股份发布2026年度日常关联交易预计公告，储能业务发展受关注

2026年4月13日，浙江德宏汽车电子电器股份有限公司（603701，以下简称“德宏股份”或“公司”）发布了关于2026年度预计日常关联交易的公告。本次公告内容详细披露了公司及下属子公司与浙江全维度能源科技有限公司及其子公司之间的日常关联交易安排，并对相关交易金额、交易对象、定价政策及其对公司业务的影响进行了系统说明。

一、公告要点与董事会审议情况

• 2026年4月9日，公司第六届董事会第二次会议通过了《关于2026年度预计日常关联交易的议案》，该议案无关联董事参与，尚需提交股东大会审议。
• 公告明确指出，本次预计新增关联交易遵循自愿、平等、公平和市场化原则，不存在损害公司和股东利益的情形，对公司独立性和持续经营能力无重大影响，不会导致对关联方的业务依赖。
• 预计日常关联交易金额仅为授权额度，并不代表实际会发生等额收入或支出。

二、2025年度及2026年度日常关联交易明细

• 2025年5-12月实际发生金额：
  • 向全维度公司采购原材料、商品和劳务：实际发生421.16万元，预计1000万元。
  • 向全维度公司销售产品、商品和劳务：实际发生3628.15万元，预计7000万元。
  • 合计实际发生4049.31万元，预计8000万元。
• 2026年1-2月实际发生金额：
  • 销售产品、商品和劳务：1053.55万元。
• 2026年度股东会周期内预计金额（2026年5月至2027年5月）：
  • 采购原材料、商品和劳务：1000万元。
  • 销售产品、商品和劳务：3亿元（30,000万元），较去年同期大幅提升。
  • 合计3.1亿元（31,000万元），较去年同期有显著增长，主要因公司业务发展计划调整。

三、关联方详细介绍与交易背景

浙江全维度能源科技有限公司成立于2021年8月25日，注册资本1325.3333万元人民币，经营范围涵盖技术服务、软件开发、电池及配件销售、光伏及储能技术服务等。

• 德宏股份持有全维度公司17%股权，全维度公司持有德宏股份子公司镇能科技40%股权。
• 2025年6月，全维度公司出让了深圳市微安新能源科技有限公司全部股权，但在未来12个月内仍将其视为关联方管理和披露。

四、定价政策与履约能力分析

• 日常交易均以自愿、平等、互惠互利、公平公允为原则。
• 销售产品时采用成本加成定价，且加成比例不低于非关联方同类交易均值；采购原材料时原则上不高于市场同类交易均价。
• 全维度公司依法存续，非失信被执行人。实际交易将签订正式合同并严格履约。

五、对公司及股东的影响（投资者需关注）

• 本次大幅提升的关联交易金额，特别是销售收入的大幅增长，反映出公司储能及相关业务拓展的积极进展，或将对公司未来业绩带来积极影响，有望成为影响公司估值及股价的重要因素。
• 关联交易的规范化执行，防范了潜在的利益输送和公司独立性风险，符合公司长期健康发展的要求。
• 公司明确表示不会对主营业务产生依赖，管理层对风险把控较为严谨。

六、后续程序与投资者提示

• 本次预计关联交易事项尚需提交2025年年度股东大会审议，投资者需持续关注相关会议的进展及表决结果。
• 公告中提及的所有金额均为预计授权额度，实际发生金额将受市场需求及公司战略调整等多重因素影响。

投资者重点关注

• 公司2026年与全维度公司关联交易规模大幅扩张，尤其是销售收入部分，若顺利实现将显著增厚公司业绩，或为公司股价带来积极催化。
• 储能业务作为未来新能源领域的重要赛道，德宏股份持续加码相关布局，后续业绩兑现及市场反馈值得重点关注。
• 上述关联交易的执行情况及相关方履约能力亦为投资风险的重要考量。

免责声明： 本报道内容均基于公司公告及公开信息整理，仅供投资者参考，不构成任何投资建议。投资有风险，请投资者充分考虑自身风险承受能力，理性决策。

English Version

Dehong Electronics Releases 2026 Related-Party Transaction Forecast, Energy Storage Business in Focus

On April 13, 2026, Zhejiang Dehong Automotive Electronics Co., Ltd. (603701, “Dehong Electronics” or the “Company”) announced its forecast for routine related-party transactions for 2026. The announcement provides detailed disclosure of routine transactions between the company and Zhejiang Quanweidu Energy Technology Co., Ltd. and its subsidiaries, including transaction amounts, counterparty information, pricing policies, and the impact on the company’s business.

Main Points & Board Review

• On April 9, 2026, the company’s sixth board of directors approved the proposal for 2026 related-party transactions. No interested directors participated. The proposal is subject to shareholder approval.
• All such transactions will adhere to the principles of voluntariness, equality, fairness, and market orientation. The company states there is no harm to the interests of the company or shareholders, no impact on independence or ongoing operations, nor will it create dependency on related parties.
• The disclosed transaction amounts are authorized limits, not actual or guaranteed amounts.

2025 and 2026 Transaction Details

• Actuals for May-Dec 2025:
  • Purchases from Quanweidu: RMB 4.21 million (actual) vs. RMB 10 million (forecast).
  • Sales to Quanweidu: RMB 36.28 million (actual) vs. RMB 70 million (forecast).
  • Total: RMB 40.49 million (actual) vs. RMB 80 million (forecast).
• Actuals for Jan-Feb 2026:
  • Sales: RMB 10.54 million.
• 2026 Shareholder Meeting Cycle Forecast (May 2026 – May 2027):
  • Purchases: RMB 10 million.
  • Sales: RMB 300 million, a substantial increase over the prior year.
  • Total: RMB 310 million, with growth mainly from business development plans.

Related Party Details & Transaction Background

Zhejiang Quanweidu Energy Technology Co., Ltd. was established in August 2021 with a registered capital of RMB 13.25 million. Its business covers technical services, software development, battery sales and leasing, PV and energy storage services, and more.

• Dehong holds a 17% stake in Quanweidu, which in turn holds 40% of Dehong’s subsidiary Zheneng Technology.
• Quanweidu divested its entire stake in Shenzhen Weian New Energy in June 2025, but the latter will still be treated as a related party for disclosure purposes for 12 months.

Pricing Policy & Performance Ability

• All transactions are based on fairness, mutual benefit, and market pricing.
• Sales use a cost-plus method, with markups not less than those applied to third parties. Purchases are not to exceed average market prices.
• Quanweidu is a legally operating company, not a dishonest entity. Formal contracts will govern actual transactions.

Impact on Company & Shareholders (Investor Focus)

• The significant increase in sales-related transactions, if realized, could boost company performance and may drive company valuation and share price higher.
• Standardized related-party transactions reduce risks of interest transfer and ensure operational independence.
• Management asserts there is no business dependency on related parties, indicating prudent risk control.

Next Steps & Investor Reminders

• The transaction forecast is subject to approval at the 2025 shareholder meeting. Investors should watch for updates and voting results.
• All amounts are forecasts; actual results will depend on market demand and strategic adjustments.

Key Investor Takeaways

• The sharp expansion of related-party transactions, particularly sales, could significantly improve company performance and act as a catalyst for the share price.
• Energy storage is a key sector in the new energy market, and Dehong’s ongoing investments and strategy warrant close monitoring for delivery and market response.
• Execution of these transactions and counterparty performance remain important risks to watch.

Disclaimer: This article is compiled from company disclosures and public information and is for reference only. It does not constitute investment advice. Investors should consider their own risk tolerance and make prudent decisions.

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