深耕精密镍基导体材料领域近二十年的江苏远航精密合金科技股份有限公司，是我国镍基新材料行业的 龙头企业。远航精密董事长、总经理周林峰在接受新京报贝壳财经记者专访时表示，"目前公司在产品 性能、生产效率及成本控制上具备显著优势，未来随着公司募投项目逐步投产，公司产能规模将进一步 扩大，持续释放增长潜力。" ...

Core Insights - Jiangsu Yuanhang Precision Alloy Technology Co., Ltd. is a leading enterprise in China's nickel-based new materials industry, specializing in precision nickel-based conductor materials for various applications [2][3]. Financial Performance - In the first three quarters of this year, the company achieved a record high revenue of 769 million yuan, representing a year-on-year growth of 26.71%. The net profit attributable to shareholders reached 40.99 million yuan, with a 7.81% increase after deducting non-recurring items [3]. Market Opportunities - The growth in demand for nickel-based conductor materials and precision structural components is driven by increased penetration of electric vehicles, rapid development of the energy storage market, and opportunities arising from the hydrogen energy industry [3][6]. Technological Advancements - The company has established significant technological advantages through collaborations with multiple battery manufacturers on next-generation battery technologies. This positions the company for long-term growth in the electric vehicle and energy storage battery markets [6][7]. R&D Investment - In the first three quarters, the company invested 27.32 million yuan in R&D, a 24.53% increase year-on-year. The company holds a total of 91 patents, including 14 invention patents, establishing a solid technological barrier [7]. Strategic Focus - The company aims to enhance its competitiveness across the entire industry chain, focusing on capital investment in established projects, improving production efficiency, and expanding core product capacity [6][8]. Market Positioning - Since its listing on the Beijing Stock Exchange in November 2022, the company has seen improvements in governance, brand influence, and fundraising efforts, which have positively impacted its market presence and operational quality [9][10]. Investor Relations - The company emphasizes stable and sustainable dividend policies, having implemented cash dividends consistently since its listing. The controlling shareholder plans to increase their stake in 2024, boosting investor confidence [10]. Future Outlook - The company is committed to a "vertical integration" strategy, focusing on capital investment and technological innovation to solidify its leading position in the precision nickel-based materials sector while actively expanding downstream applications [8][10].

Market Overview - The battery sector experienced a decline of 0.68% compared to the previous trading day, with Yuanhang Precision leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Notable gainers in the battery sector included: - Tianji Co., Ltd. (002759) with a closing price of 46.71, up 10.01% [1] - Shida Shenghua (603026) at 83.07, up 10.00% [1] - Tongguan Copper Foil (301217) at 33.48, up 7.79% [1] - Significant decliners included: - Yuanhang Precision (920914) at 29.98, down 5.99% [2] - Pylon Technologies (688063) at 65.23, down 5.93% [2] - EVE Energy (300014) at 80.02, down 4.75% [2] Capital Flow - The battery sector saw a net outflow of 2.208 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.463 billion yuan [2][3] - Key stocks with significant capital flow included: - Ningde Times (300750) with a net inflow of 838 million yuan from institutional investors [3] - Nord Shares (600110) with a net inflow of 26.66 million yuan [3] - Enjie Co., Ltd. (002812) with a net inflow of 178 million yuan from institutional investors [3]

Core Viewpoint - Jiangsu Yuanhang Precision Alloy Technology Co., Ltd. (Yuanhang Precision) is focused on enhancing its production efficiency and market influence through its fundraising projects, while maintaining strict inventory management to mitigate risks [1] Company Overview - Yuanhang Precision was established in 2006 and is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise and a high-tech enterprise [1] - The company specializes in the research, production, and sales of precision conductor materials for batteries, with applications in consumer electronics, new energy vehicles, energy storage, electric two-wheelers, power tools, aerospace, and metal commemorative coins [1] Financial Performance - As of the end of September, the company reported a revenue of 769 million yuan, representing a year-on-year increase of 26.71% [1] - The net profit attributable to shareholders decreased slightly by 2.68% to 40.99 million yuan due to share-based payment reasons [1] - The net profit excluding non-recurring gains and losses was 39.67 million yuan, showing a year-on-year growth of 7.81% [1]

Market Overview - The battery sector experienced a decline of 4.33% on the previous trading day, with Yuanhang Precision leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the battery sector included: - Shida Shenghua (603026) with a closing price of 57.55, up 6.50% and a trading volume of 285,600 shares, totaling 1.664 billion yuan [1] - Jinyinhai (300619) closed at 68.66, up 5.89% with a trading volume of 936,000 shares, totaling 1.254 billion yuan [1] - Major decliners included: - Yuanhang Precision (920914) with a closing price of 66.62, down 9.29% and a trading volume of 52,800 shares, totaling 166 million yuan [2] - Keda Li (002850) closed at 161.01, down 7.47% with a trading volume of 93,600 shares, totaling 1.560 billion yuan [2] Capital Flow - The battery sector saw a net outflow of 8.429 billion yuan from institutional investors, while retail investors contributed a net inflow of 6.328 billion yuan [2][3] - Specific stocks with significant capital flow included: - Huazi Technology (300490) with a net inflow of 98.81 million yuan from institutional investors, while retail investors had a net outflow of 82.50 million yuan [3] - Pioneering Technology (688063) experienced a net inflow of 1.18 billion yuan from institutional investors, but a net outflow of 1.17 billion yuan from retail investors [3]

Investment Rating - The report maintains a "Buy" rating for the electric equipment and new energy industry [1] Core Insights - The lithium battery sector is experiencing a seasonal demand increase, with lithium carbonate and lithium hydroxide prices rising by 20% in September [1][6] - In August, domestic wholesale sales of new energy passenger vehicles reached 1.18 million units, reflecting a year-on-year increase of 22% and a month-on-month increase of 10% [1][4] - The report highlights the importance of solid-state battery technology and its potential breakthroughs in addressing interface issues, which are critical for commercialization [3][18] Summary by Sections Monthly Research Insights - The report discusses solutions to solid-solid interface issues in solid-state battery manufacturing, emphasizing the need for breakthroughs in physical, chemical, and mechanical dimensions [3][13] Industry Sentiment Tracking and Review - New energy vehicle sales in August showed strong growth, with China, Europe, and the US leading the market [4][22] - Domestic energy storage installations in August reached 12.6 GWh, a year-on-year increase of 58% [5][28] - The report forecasts a significant increase in lithium battery production in October, with year-on-year growth expected to be between 21% and 50% [5][34] Price and Volume Analysis - Lithium battery material prices are on the rise, with lithium carbonate and lithium hydroxide prices increasing by 20% in September [6][35] - The report notes that the lithium battery supply chain is entering a replenishment phase, with inventory levels rising [39] New Technology Developments - Solid-state batteries and composite current collectors are entering a critical engineering and industrialization phase, with significant orders expected for 2025 [6][44] - The report identifies key investment opportunities in solid-state battery technology, particularly in dry processing and isostatic pressing equipment [18][21] Investment Recommendations - The report recommends focusing on leading companies in the lithium battery sector and those involved in solid-state technology breakthroughs, such as CATL and EVE Energy [7][21]

江苏远航精密合金科技股份有限公司 关于 2023 年股票期权激励计划 首次授予部分第二个行权期行权结果公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、股票期权行权结果 （二）实际行权明细表 | 序号 | 姓名 | 职务 | 获授的股票 期权数量 | 本次可行 权数量 | 实际行 权数量 | 实际行权对应 股票数量占行 | | --- | --- | --- | --- | --- | --- | --- | | | | | （份） | （份） | （份） | 权后总股本的 | | | | | | | | 比例（%） | | 1 | 徐斐 | 董事、副总经 | 50,000 | 25,000 | 25,000 | 0.0250% | | | | 理、董事会秘书 | | | | | | 2 | 林黄琦 | 董事 | 10,000 | 5,000 | 5,000 | 0.0050% | | 3 | 林毅 | 副总经理 | 80,000 | 40,000 | 40,000 | 0.0400% | | ...

Summary of Key Points Core Viewpoint - In the past month, 64 companies listed on the Beijing Stock Exchange (BSE) have been investigated by institutions, with Audiwei being the most notable, receiving attention from 65 institutions [1]. Group 1: Institutional Research - A total of 64 companies on the BSE were subject to institutional research, with the types of institutions including 64 brokerages, 48 funds, 42 private equity firms, 25 insurance companies, and 5 overseas institutions [1]. - Audiwei led the attention with 65 participating institutions, followed by Haidaer (64), Yuanhang Precision (59), and Tongli Co. (55) [1]. - The companies investigated belong to 18 different industries, with a concentration in machinery equipment (14 companies), basic chemicals (8 companies), and electronics (8 companies) [1]. Group 2: Market Performance - The average stock price of the companies that received institutional research fell by 4.98% over the past month, with 17 companies experiencing price increases [2]. - The top gainers included Better Ray (41.71%), Kaita Co. (40.13%), and Jiezong Technology (21.49%) [2]. - The average market capitalization of all companies on the BSE is 3.197 billion yuan, while the average market capitalization of the companies that were researched is 4.547 billion yuan [2]. Group 3: Trading Activity - The average daily turnover rate for the researched companies was 6.19%, with the highest turnover rates recorded for Gaisi Food (20.12%), Wuhan Land Electric (15.55%), and Jiyang Precision (12.57%) [2].

Summary of Key Points Core Viewpoint - In the past month, 62 companies listed on the Beijing Stock Exchange (BSE) have been investigated by institutions, with Audiwei being the most notable, attracting 65 participating institutions [1]. Group 1: Institutional Research - A total of 62 BSE companies were subject to institutional research, with 65 institutions participating in the research of Audiwei, making it the most focused company [1]. - The types of institutions conducting research include 62 brokerages, 48 funds, 42 private equity firms, 24 insurance companies, and 5 overseas institutions [1]. - The companies receiving institutional research belong to 17 different industries, with a concentration in machinery equipment (14 companies), basic chemicals (8 companies), and electronics (8 companies) [1]. - Far航精密 had the highest frequency of institutional research, receiving 3 investigations, while Audiwei, 海达尔, and 同力股份 were each investigated 2 times [1]. Group 2: Market Performance - The average stock price of the companies that received institutional research declined by 1.80% over the past month, with 21 companies experiencing price increases [2]. - The top gainers included 开特股份 (up 53.42%), 贝特瑞 (up 36.79%), and 德瑞锂电 (up 15.11%) [2]. - The average daily turnover rate for the researched companies was 6.26%, with the highest turnover rates recorded for 盖世食品 (20.64%), 武汉蓝电 (15.96%), and 吉冈精密 (12.82%) [2]. - As of September 22, the average market capitalization of all BSE companies was 3.294 billion yuan, while the average market capitalization of the researched companies was 4.679 billion yuan [2]. Group 3: Company-Specific Data - Audiwei (832491) had 65 institutions participating in its research, with a closing price of 34.06 yuan and a price increase of 6.27% [2]. - 海达尔 (836699) had 64 institutions involved, closing at 65.62 yuan with a 6.70% increase [2]. - 远航精密 (833914) was researched by 59 institutions, with a closing price of 37.31 yuan and a 4.95% increase [2]. - 同力股份 (834599) had 55 institutions participating, closing at 19.74 yuan with a decline of 22.59% [2]. - Other notable companies include 贝特瑞 (15 institutions, 31.42 yuan, up 36.79%) and 开特股份 (25 institutions, 46.15 yuan, up 53.42%) [2][3].

证券代码：833914 证券简称：远航精密 公告编号：2025-157 江苏远航精密合金科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □新闻发布会 □分析师会议 □路演活动 □其他 （投资者线上交流会） 二、 投资者关系活动情况 活动时间：2025 年 9 月 15 日至 2025 年 9 月 16 日 活动地点：江苏远航精密合金科技股份有限公司会议室 参会单位及人员：天风证券、浙商证券、国寿安保基金、富安达基金、兴业 基金 □媒体采访 √现场参观 通与交流。本次投资者关系活动的主要问题及公司对问题的回复情况如下： 问题 1：公司的销售模式是怎样的？ 回答：公司采取直销模式对外销售产品。公司销售镍带、箔产品时，采用 "镍价+加工费"的定价模式，销售人员与客户就规格、数量等确定后，客户 直接向公司下达订单，销售价格以市场上公开的镍价为基础，根据产品规格、 加工工序和工艺的难易程度并合理考虑利润空间加成一定比例 ...