公告指出，公司营业收入同比增长主要受益于新能源汽车及储能市场需求增长，负极材料产销量大幅提升。而归属于上市公司股东的扣除非经常性损益的净 利润同比下降，主要是财务费用及少数股东损益增加所致。 2月26日，贝特瑞新材料集团股份有限公司（证券代码：未提供）发布2025年年度业绩快报公告。根据公告，2025年公司实现营业收入16,982,622,255.54元， 较上年同期增长19.29%。受益于新能源汽车及储能市场需求增长，公司锂离子电池负极材料的产销量较上年同期出现较大幅度增长，负极材料销量约60万 吨。 截至2025年末，公司总资产为35,924,270,689.32元，较期初增长7.73%；归属于上市公司股东的所有者权益为12,603,756,654.27元，较期初增长3.08%；归属 于上市公司股东的每股净资产为11.18元，较期初增长3.04%。股本保持不变，为1,127,338,649股。 | | | | 1 12.1 / U | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 变动比例% | | 营业收入 | 16,982,622,255.54 | 14 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 孔令仪）2月26日，贝特瑞发布2025年度业绩快报。报告期内，公司实现营 业收入169.83亿元，同比增长19.29%；利润总额为13.58亿元，同比增长18.78%。贝特瑞表示，公司营 收、利润总额均重回正增长区间，经营规模稳步回升。 贝特瑞表示，依托行业复苏契机，公司加快推进印尼、摩洛哥等海外产能布局，持续完善全球化产能布 局，为业务增长提供坚实支撑。报告期内，公司负极材料销量约60万吨，同比实现大幅增长。同时，公 司自主研发的CVD硅碳材料已获得全球多家主流动力电池客户的认证，并于2025年实现规模化量产出 货。 公开资料显示，贝特瑞目前已搭建起适配固态电池的完整材料矩阵，并正式推出贝安FLEX半固态、 GUARD全固态系列产品，涵盖高镍正极、硅基负极、固态电解质、锂碳复合负极等关键材料，形成固 态电池材料整体解决方案。 贝特瑞表示，公司正在持续深化技术研发与产业化协同。一方面紧密贴合下游应用场景需求，从材料端 开展研发，针对不同应用场景下的电芯性能要求，进行综合性能匹配与优化；另一方面持续强化产业化 配套能力，在技术成熟后快速实现产业化落地，切实 ...

证券日报网讯 2月26日，贝特瑞发布公告称，公司2025年实现营业收入16982622255.54元，同比增长 19.29%；归属于上市公司股东的净利润899297523.62元，同比下降3.32%。 （文章来源：证券日报） ...

2月26日，贝特瑞发布业绩快报，2025年度实现营业收入169.83亿元，同比上涨19.29%；净利润8.99亿 元，同比下降3.32%。 公告显示，报告期内，公司营业收入同比增长，主要受益于新能源汽车及储能市场需求增长，公司锂离 子电池负极材料的产销量较上年同期出现较大幅度增长，负极材料销量约60万吨；公司归属于上市公司 股东的扣除非经常性损益的净利润同比下降，主要是财务费用及少数股东损益增加所致。 （企业公告） ...

● 本报记者 张兴旺 作为全球锂电负极材料龙头企业，贝特瑞正站在技术迭代与产业升级的关键节点。日前，贝特瑞董事长 贺雪琴在接受中国证券报记者采访时表示，公司以"成为电池材料整体解决方案全球领先企业"为战略目 标，专注于锂离子电池材料，打造产业链生态，逐步实现全球化运营。坚持创新驱动，在巩固传统优势 的同时，前瞻布局硅基负极、固态电池材料以及材料回收等赛道，以硬核实力支撑电池材料产业高质量 发展。 以研发创新为引擎 贝特瑞深耕锂离子电池负极材料、正极材料及先进新材料的研发创新与产业化应用，凭借深厚的技术沉 淀与前瞻布局，构建了天然石墨负极、人造石墨负极、硅基负极、三元正极、固态电解质等产品矩阵， 产品覆盖动力电池、储能电池、消费类电池三大领域。 贺雪琴认为，贝特瑞的核心竞争力，源于对材料科学的长期深耕与对产业需求的深刻洞察。主要体现在 三个方面：一是前瞻性的技术创新体系，公司不仅关注当下量产技术，更布局未来5年-10年的技术路 线；二是深度的产业链协同能力，从客户与终端市场的需求出发，与上下游伙伴紧密合作，共同定义产 品，快速实现技术迭代和产业化；三是全球化的优质客户矩阵与产能布局，服务全球主流电池厂商，并 基 ...

Group 1 - The U.S. Department of Commerce has imposed anti-dumping tariffs exceeding 160% on Chinese graphite, with specific companies facing a 93.5% tariff, while others face rates of 102.72% plus additional countervailing duties [1][3] - The tariffs are justified by claims of "unfair subsidies" and "low-price dumping," which are viewed skeptically even within the U.S. [3] - The initial push for these tariffs came from a temporary alliance of U.S. active anode material producers, who had originally sought a 920% tariff [5] Group 2 - The U.S. is heavily reliant on Chinese imports for graphite, with 59% of natural graphite and 68% of synthetic graphite sourced from China, indicating a significant dependency [9] - The imposition of tariffs is expected to increase the cost of electric vehicle batteries, with estimates suggesting an additional $7 per kilowatt-hour due to the tariffs [11] - The conflicting actions of the U.S. government, with tariffs being imposed while President Trump expresses a desire for cooperation with China, highlight internal divisions within U.S. policy [13][15] Group 3 - The tariffs are seen as a strategic move to test China's response and potentially use them as leverage in upcoming negotiations [17] - The internal conflict between hawkish and pragmatic factions in the U.S. government is evident, with hawks pushing for tariffs while pragmatists recognize the risks of dependency on Chinese graphite [19] - China's response to U.S. tariffs may include accelerating its global expansion in graphite production, with companies like Sanyuan and BTR establishing operations in countries like Finland and Indonesia [20] Group 4 - The global demand for graphite is projected to quadruple by 2040, emphasizing China's dominant position in the market, which cannot be easily undermined by tariffs [22] - The U.S. risks losing out on opportunities for green transition by pursuing protectionist measures, which could lead to higher costs for its own industries [22] - The Chinese government has indicated that it will respond to U.S. tariffs with countermeasures, emphasizing the importance of mutual respect in trade relations [24][26]

企查查APP显示，近日，贝特瑞绿色能源（云南）有限公司成立，注册资本2000万元，经营范围包含： 太阳能发电技术服务；储能技术服务；集中式快速充电站；电动汽车充电基础设施运营等。企查查股权 穿透显示，该公司由贝特瑞全资持股。 ...

天眼查显示，近日，贝特瑞绿色能源（云南）有限公司成立，法定代表人为蒋洪福，注册资本2000万人 民币，由贝特瑞新材料集团股份有限公司全资持股。 序号股东名称持股比例1贝特瑞新材料集团股份有限公司100% 经营范围含许可项目：发电业务、输电业务、供（配）电业务；建设工程施工；输电、供电、受电电力 设施的安装、维修和试验。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项 目以相关部门批准文件或许可证件为准）风力发电技术服务；太阳能发电技术服务；储能技术服务；集 中式快速充电站；电动汽车充电基础设施运营；工程管理服务；工程技术服务（规划管理、勘察、设 计、监理除外）；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；新兴能源技术研 发；工程和技术研究和试验发展；风力发电机组及零部件销售；光伏发电设备租赁；光伏设备及元器件 销售；发电技术服务；机械电气设备销售；智能输配电及控制设备销售；机动车充电销售；合同能源管 理；新能源原动设备销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 企业名称贝特瑞绿色能源（云南）有限公司法定代表人蒋洪福注册资本2000万人民币国标行业电力、热 ...

Group 1: Photovoltaic Industry - The photovoltaic industry is experiencing a clear upward trend due to supply-side clearing and demand-side support, with expectations of profitability recovery in 2026 as inefficient companies exit the market and leading firms enhance efficiency through technological upgrades [1][14] - In 2025, China's photovoltaic industry saw a significant increase in installed capacity, reaching 315.07 GW, with a year-on-year growth rate of 13.67%, despite a slowdown in the second half of the year [14][16] - The introduction of policies aimed at preventing "involution" in the industry has led to a recovery in prices, with polysilicon prices rising over 50% from June to November 2025, indicating a shift towards a more rational pricing environment [22][29] Group 2: Wind Power Industry - The wind power industry is expected to benefit from a favorable supply-demand structure, with significant growth anticipated in offshore wind projects and exports, particularly in 2025 [1][3] - The domestic wind power market is projected to continue its growth trajectory, with offshore wind becoming a key focus area, supported by increasing demand for domestic and international markets [1][3] - Investment recommendations include focusing on leading manufacturers in the wind turbine sector and companies involved in high-barrier components such as submarine cables, which are expected to see increased demand [3][3] Group 3: New Energy Vehicles - The new energy vehicle sector in China is projected to achieve sales of 16.49 million units in 2025, reflecting a year-on-year growth of 28.2%, driven by stable market demand and improved product structures [2][3] - The industry is witnessing a recovery in profitability as supply-side chaos is effectively managed, with significant price increases in key materials like lithium hexafluorophosphate and vinyl carbonate [2][3] - The transition to a high-quality development phase is expected in 2026, supported by technological innovations and enhanced supply chain capabilities [2][3] Group 4: Lithium Battery Industry - The lithium battery industry is experiencing a recovery in profitability as inefficient production capacity is eliminated, with key materials seeing price increases and demand from new energy vehicles and energy storage continuing to rise [8][8] - Recommendations include focusing on leading companies in the battery and structural components sectors, which are expected to benefit from the industry's recovery [8][8] - The commercialization of solid-state batteries is accelerating, with several companies making significant progress in this area [8][8]

Core Viewpoint - The major shareholder, Betterray New Materials Group Co., Ltd., has reduced its stake in Fangyuan Co., Ltd. by selling 5,800 shares, bringing its ownership below 5% [1] Group 1 - Betterray's shareholding decreased from 25,514,408 shares to 25,508,608 shares [1] - The ownership percentage fell from 5.0011% to 5.0000%, effectively 4.99999% [1] - This reduction does not trigger a mandatory takeover bid and will not change the company's controlling shareholder or actual controller [1] Group 2 - As of the announcement date, Betterray is still within the implementation period of its reduction plan [1]