证券代码：835185 证券简称：贝特瑞 公告编号：2024-088 贝特瑞新材料集团股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日 召开第六届董事会第二十三次会议审议通过《关于调整第二期股权激励计划行权 价格的议案》。议案表决结果：同意 6 票，反对 0 票，弃权 0 票。董事贺雪琴、 黄友元和任建国 3 人系激励对象，涉及关联关系，回避表决。 二、第二期股权激励计划调整情况说明 （一）第二期股权激励计划概况 公司于 2021 年 4 月 6 日召开第五届董事会第三十一次会议审议通过《关于 制订<贝特瑞新材料集团股份有限公司第二期股权激励计划（草案）>的议案》， 并于 4 月 7 日披露了《贝特瑞新材料集团股份有限公司第二期股权激励计划（草 案）（更正后）》（公告编号：2021-052，以下简称"《激励计划》"），公司拟向激励 对象授予 2,500.00 万份股票期权，授予的股票期权的行权价格为 40.00 元/股，该 激励计划已经公司 2021 年第二次临时股东大会审议通过。 2021 年 6 月 17 日，公司完成了股票期权的第一批授予登记工作，向 305 名 激励对象授予了 2, ...

证券代码：835185 证券简称：贝特瑞 公告编号：2024-085 贝特瑞新材料集团股份有限公司 关于新增预计 2024 年日常性关联交易的公告 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、 日常性关联交易预计情况 （一） 预计情况 贝特瑞新材料集团股份有限公司（以下简称"公司"）于 2023 年 12 月 27 日召开第 六届董事会第十四次会议审议通过了《关于预计 2024 年度日常性关联交易的议案》，具 体内容详见公司在北京证券交易所信息披露平台（www.bse.cn）发布的《贝特瑞新材料 集团股份有限公司关于预计 2024 年日常性关联交易的公告》（公告编号：2023-097）， 该议案已经公司 2024 年 1 月 12 日召开的 2024 年第一次临时股东大会审议通过。 | | | 预计 2024 | （2024）年年初至 | 预计金额与上年实际 | | --- | --- | --- | --- | --- | | 关联交易类别 | 主要交易内容 | 年发生金额 | 披露日与关联方 ...

贝特瑞 证券代码 : 835185 贝特瑞新材料集团股份有限公司 2024 年第三季度报告 1 第一节 重要提示 公司董事、监事、高级管理人员保证本报告所载资料不存在虚假记载、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责任。 公司负责人贺雪琴、主管会计工作负责人黄友元及会计机构负责人（会计主管人员）刘志文保证季 度报告中财务报告的真实、准确、完整。 本季度报告未经会计师事务所审计。 本季度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人士均应 对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|-------|-------| | 事项 是或否 \n是否存在公司董事、监事、高级管理人员对季度报告内容存在异议或无法保证其真实、 准确、完整 | □是 | \n√否 | | 是否存在未出席董事会审议 ...

证券代码：835185 证券简称：贝特瑞 公告编号：2024-081 贝特瑞新材料集团股份有限公司 2024 年前三季度业绩预告公告 | --- | |----------------------------------------------------------------------| | | | 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。 | 特别提示：本公告所载 2024 年前三季度主要财务数据为初步核算数据，未 经会计师事务所审计，具体数据以公司 2024 年第三季度报告中披露的数据为准， 提请投资者注意投资风险。 一、本期业绩预告情况 （一）业绩预告期间 2024 年 1 月 1 日至 2024 年 9 月 30 日。 （二）业绩预告情况 预计的业绩：□亏损 □扭亏为盈 □同向上升 √同向下降 预计本报告期与上年同期相比将继续盈利的，应披露以下表格： | --- | --- | --- | --- | --- | |-------------------------- ...

Investment Rating - No rating is provided for the company [2] Core Views - The company maintains a leading position in the lithium battery anode sector, with global leadership in shipments [3] - The company has a complete industrial chain in natural graphite anode materials, ensuring stable supply and quality [3] - In the artificial graphite anode sector, the company has established an integrated industrial chain through self-construction and cooperation, reducing production costs through process innovation [3] - The company is one of the earliest domestic enterprises to mass-produce silicon-based anode materials, with leading shipment volumes in the industry [3] - The company's silicon-carbon anode materials have reached the fifth generation, with a specific capacity of over 2,000Ah/g, and silicon-oxygen anode materials have achieved a specific capacity of over 1,500Ah/g [3] - In H1 2024, the company's anode material production capacity reached 495,000 tons/year, generating revenue of 5.179 billion yuan, with shipments exceeding 200,000 tons, a year-on-year increase of 18.96% [3] - The company faces pressure in ternary cathode shipments due to slowing downstream demand [3] - The company focuses on the R&D and production of low-cobalt, high-energy-density, and cost-effective high-nickel ternary cathode materials [3] - In H1 2024, the company's cathode material production capacity reached 63,000 tons/year, generating revenue of 1.587 billion yuan, with shipments exceeding 9,000 tons, a year-on-year decrease of 50.30% [3] - The company is accelerating its global strategic layout, with projects in Indonesia and Morocco to enhance market share and competitiveness [3] - As of September 13, 2024, the company's market capitalization was 15.5 billion yuan, with a PE (TTM) of 11.9x [3] Financial Performance - In 2023, the company's operating revenue was 25.11944 billion yuan, a year-on-year decrease of 2.18% [2] - Net profit attributable to the parent company in 2023 was 1.65391 billion yuan, a year-on-year decrease of 28.42% [2] - The gross profit margin in 2023 was 17.66%, and ROE was 14.29% [2] - Earnings per share in 2023 were 1.5 yuan, with a P/E ratio of 15.30 [2] - In H1 2024, the company's operating revenue was 7.038 billion yuan, a year-on-year decrease of 47.57% [2] - Net profit attributable to the parent company in H1 2024 was 493 million yuan, a year-on-year decrease of 41.84% [2] - Net profit attributable to the parent company after deducting non-recurring gains and losses in H1 2024 was 534 million yuan, a year-on-year decrease of 24.76% [2] Market Data - As of September 13, 2024, the company's closing price was 13.89 yuan [1] - The total share capital is 1.11668 billion shares, with a circulating share capital of 1.09934 billion shares [1] - The net assets are 11.70753 billion yuan, and total assets are 30.69465 billion yuan [1] - The net assets per share are 10.48 yuan [1]

证券研究报告·公司点评报告·电池 贝特瑞（835185） 2024 年中报业绩点评：负极盈利稳健，业绩 符合预期 2024 年 09 月 02 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|---------|---------|-------|-------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 25679 | 25119 | 13708 | 15821 | 18308 | | 同比（ % ） | 144.76 | (2.18) | (45.43) | 15.41 | 15.72 | | 归母净利润（百万元） | 2311 | 1654 | 1207 | 1612 | 2013 | | 同比（ % ） | 60.35 | (28.42) | (27.04) | 33.60 | 24.84 | | EPS- 最新摊薄（元 / 股） | 2.07 | 1.48 | ...

开 源 证 券 证 券 研 究 报 告 隐证券 北交所信息更新 北 交 所 研 究 贝特瑞（835185.BJ） 2024 年 09 月 12 日 2024H1 负极材料出货量+19%，海外生产基地布局逐步落地 ——北交所信息更新 投资评级：增持（维持） 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 | --- | --- | |-------------------------|-------------| | 日期 | 2024/9/11 | | 当前股价 ( 元 ) | 13.86 | | 一年最高最低 ( 元 ) | 28.50/13.45 | | 总市值 ( 亿元 ) | 154.77 | | 流通市值 ( 亿元 ) | 152.37 | | 总股本 ( 亿股 ) | 11.17 | | 流通股本 ( 亿股 ) | 10.99 | | 近 3 个月换手率 (%) | 7.56 | 北交所研究团队 相关研究报告 《负极材料第一，硅碳负极产能 5000 吨/年，海外生产基地建设稳步推进— 北交所公司深度报告》-2024.7.29 2024H1 营收 70 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance met expectations, with silicon-based products leading the industry. The negative electrode shipment volume remains the highest in the industry, and gross margin has improved year-on-year. The company is also accelerating product research and development, with silicon-based negative electrode products ahead of peers [1][2]. Financial Performance - For the first half of 2024, the company reported operating revenue of 7.038 billion yuan, a year-on-year decrease of 47.57%. The net profit attributable to the parent company was 493 million yuan, down 41.84% year-on-year. The company achieved a negative electrode revenue of 5.179 billion yuan, with a shipment volume exceeding 200,000 tons, representing an 18.96% year-on-year increase [1][2]. - The company’s total assets are projected to grow from 29.385 billion yuan in 2023 to 40.297 billion yuan by 2026, with current assets increasing from 13.866 billion yuan to 26.781 billion yuan over the same period [2][3]. Profitability Metrics - The gross margin is expected to decline from -28.4% in 2023 to -27.4% in 2024, before improving to 30.7% in 2025 and 8.6% in 2026. The net profit margin is projected to be -2.2% in 2023, -9.9% in 2024, and then recover to 17.1% in 2025 and 14.9% in 2026 [3][2]. Market Position - The company is one of the earliest producers of silicon-based negative materials in China, with a production capacity of 49.5 thousand tons per year for negative materials as of the report date. The company is also focusing on cost reduction and efficiency improvements through various initiatives [1][2].

股 票 研 究 公 司 更 新 报 告 证 券 研 究 报 告 投资要点： | --- | --- | --- | --- | --- | --- | |--------------------------------------|--------|--------|--------|--------|--------| | [Table_Finance] 财务摘要（百万元） | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入 | 25,679 | 25,119 | 15,805 | 21,285 | 24,385 | | (+/-)% | 144.8% | -2.2% | -37.1% | 34.7% | 14.6% | | 净利润（归母） | 2,311 | 1,654 | 1,209 | 1,578 | 2,026 | | (+/-)% | 60.3% | -28.4% | -26.9% | 30.6% | 28.4% | | 每股净收益（元） | 2.07 | 1.48 | 1.08 | 1.41 | 1.81 | | 净资产收益率 (%) | 23.4% ...

硅 产品价格下降盈利承压 全球化战略布局稳步推进 基础数据： 截至 2024 年 9 月 5 日 事件：公司发布2024年半年度报告。2024H1，公司实现营业收入70.38 当前股价 15.00 元 亿元，同比下降47.57%；归母净利润4.93亿元，同比下降41.84%；扣 投资评级 买入 非归母净利润5.34亿元，同比下降24.76%；实现整体毛利率21.26%， 评级变动 维持 总股本 11.17 亿股 较2023年上升了0.27Pct，较2023H1上升了3.60Pct。 流通股本 10.99 亿股 总市值 168 亿元 事件点评： 流动市值 165 亿元 相对市场表现： ◆负极材料量增价减利升，全球化战略布局稳步推进。2024H1，公司 实现负极收入51.79亿元，出货量超过20万吨，同比增长18.96%，产品 均价在2.50万元/吨左右，较2023年产品均价下降超20%；负极材料毛 利率为26.17%，较2023H1增加了4.99Pct。负极材料毛利率改善主要系 公司持续推动降本提效、精益管理；公司云南贝特瑞石墨化产线、山 西瑞君石墨化产线正式投产，公司石墨化自有率提升至50%。截至6月 分析师 ...