On April 3, 2025, Nanhu Power (stock code: 300068) announced the status of share pledges by its shareholder, Mr. Zhu Baoyi. According to the announcement, Mr. Zhu has pledged 10.18 million shares of the company, which represents 18.1148% of his total holdings and 1.1334% of the company’s total share capital. The pledge commenced on April 2, 2025, and is set to expire on April 2, 2026. The pledgee is CITIC Securities Co., Ltd., and the funds are intended to support the production and operations of a non-listed company.
Additionally, Mr. Zhu has released 18.40 million shares from pledge, which accounts for 32.7419% of his holdings and 2.0486% of the company’s total capital. This release took place on April 3, 2025, with Zhejiang Securities Co., Ltd. as the pledgee. As of the announcement date, the total number of shares pledged by Mr. Zhu and his concerted parties amounts to 23.61 million shares, making up 37.7902% of his holdings and 2.6288% of the total shares of the company. The announcement also stated that there are no frozen or auctioned shares, nor are there any risks of forced liquidation or transfer.
The company will closely monitor the progress of share pledges and their releases, ensuring that shareholders fulfill their information disclosure obligations in a timely manner. According to data from Tianyancha, Nanhu Power was established on December 8, 1997, with a registered capital of 898.04 million RMB. The legal representative is Mr. Zhu Baoyi, and the registered address is 72 Jingguan Avenue, Qingshan Lake Street, Lin’an District, Hangzhou, Zhejiang Province.
Nanhu Power specializes in the development and application of energy storage technology and products, serving clients in global new energy storage, industrial storage, and residential storage sectors. The company primarily offers lithium-based products, supplemented by lead-acid products, along with integrated systems and services. Currently, Mr. Zhu Baoyi serves as the chairman, with Qu Yi as the company secretary and a workforce of 5,161 employees. The actual controller is Zhou Qingzhi. The company has 43 affiliated enterprises, including Narada North America Corp, Nanhu International Holdings Ltd, Anhui Nanhu Huabo New Materials Technology Co., Ltd., Zhejiang Nanhu Hongxin Power Technology Co., Ltd., and Jiuquan Nanhu Power Co., Ltd..
In terms of performance, the company’s operating revenues from 2021 to 2023 were 11.848 billion RMB, 11.749 billion RMB, and 14.666 billion RMB, reflecting year-on-year growth rates of 15.48%, -0.84%, and 24.83%, respectively. The net profit attributable to the parent company was -1.370 billion RMB, 331 million RMB, and 35.976 million RMB, with year-on-year changes of -387.46%, 124.18%, and -89.19%. During the same period, the company’s debt-to-asset ratio was 70.09%, 68.53%, and 70.89%.
Regarding risks, Tianyancha indicates that the company has 1,095 risk alerts, while surrounding risks number 395, with 8 historical risks and 543 warning alerts.
