Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,771,800,382.54, a decrease of 25.43% compared to CNY 5,057,894,510.44 in the same period last year[9] - The net profit attributable to shareholders for the same period was a loss of CNY 355,829,529.74, an improvement of 18.93% from a loss of CNY 438,901,866.58 in the previous year[9] - Basic and diluted earnings per share were both negative CNY 0.18, showing an improvement of 18.18% from negative CNY 0.22 in the previous year[9] - The operating profit for the current period was CNY -529,873,737.53, compared to CNY -499,748,139.23 in the previous year, reflecting a slight increase in losses[38] - Net profit for the current period was CNY -497,087,339.71, an improvement from CNY -595,650,959.44 year-over-year, showing a reduction in losses of approximately 16.5%[38] - The company reported other comprehensive income after tax of CNY -51,399,133.05, compared to CNY 48,918,207.88 in the previous year, indicating a significant shift in comprehensive income[38] - The total comprehensive income attributable to the parent company was -402,465,621.70 CNY, compared to -394,168,879.56 CNY in the same period last year, reflecting a decline[39] Cash Flow - The net cash flow from operating activities was negative CNY 1,571,355,929.64, a significant decline of 1,422.07% compared to a positive cash flow of CNY 118,855,695.01 in the same period last year[9] - Cash inflow from investment activities totaled 1,515,348,187.30 CNY, compared to 217,119,472.94 CNY in the same period last year[41] - The net cash flow from financing activities increased to 2,775,717,105.32 CNY, up from 1,573,640,963.14 CNY in the previous year[42] - The cash and cash equivalents at the end of the period amounted to 6,542,901,518.06 CNY, down from 8,921,539,762.30 CNY a year earlier[42] - The company received cash from sales of goods and services totaling 4,008,985,643.70 CNY, a decrease from 6,144,234,199.45 CNY in the previous year[40] - The company reported a cash outflow of 4,995,906,558.10 CNY for purchasing goods and services, slightly down from 5,051,349,156.51 CNY last year[40] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 104,528,756,661.41, an increase of 3.67% from CNY 100,832,297,997.29 at the end of the previous year[12] - The total liabilities increased to CNY 57,443,135,753.36 from CNY 53,244,401,050.02, marking an increase of about 4.1%[35] - Non-current liabilities totaled CNY 22,933,578,817.21, up from CNY 21,574,483,398.98, representing an increase of approximately 6.3%[35] - Current liabilities rose to RMB 34.51 billion, up from RMB 31.67 billion, indicating an increase of 8.9%[34] - The company’s capital reserve increased to CNY 10,375,934,191.41 from CNY 10,348,652,693.91, reflecting a growth of approximately 0.3%[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 295,547 for A-shares and 41 for H-shares[19] - The top shareholder, HKSCC NOMINEES LIMITED, holds 20.00% of shares, totaling 403,531,126[22] Operational Highlights - The company recognized government grants of CNY 106,501,158.94 related to its normal business operations, which positively impacted its financial performance[13] - The company reported a significant increase in receivables financing, which rose by 185.14% to CNY 2,451,506,947.42, attributed to an increase in bank acceptance bills received[16] - Prepayments increased by 128.10% to CNY 721,411,808.82, mainly due to higher advance payments for materials[16] - Contract liabilities rose by 57.03% to CNY 273,688,708.71, reflecting an increase in advance payments received[16] - Operating costs decreased by 30.96% to ¥3,283,201,058.12, primarily due to a decline in raw material prices[17] - Investment income fell by 102.55% to -¥6,595,895.20, attributed to a reduction in profits from joint ventures[17] - The company experienced a 38.93% increase in tax and additional charges to ¥25,572,629.34, due to increased taxable resource income[17] - Non-operating income rose by 45.69% to ¥1,344,580.45, driven by an increase in non-recurring income[17] - The company reported a 70.31% decrease in credit impairment losses to ¥2,249,462.13, reflecting a reduction in bad debt provisions[17] - The company recorded a 37.10% decrease in asset impairment losses to -¥66,172,722.22, mainly due to a reduction in inventory write-down provisions[17] Investment Activities - The company approved a joint investment of RMB 200 million with a professional investment institution in a limited partnership for acquiring equity in Lothan (Hangzhou) Investment Partnership[28] - The Mariana lithium salt lake project in Argentina officially commenced production on February 12, 2025, with an annual production capacity of 20,000 tons of lithium chloride planned for the first phase[28] - The company agreed to acquire 100% equity of Shenzhen Yichu Energy Technology Co., Ltd. from its subsidiary Ganfeng Lithium for RMB 200 million[29] - The company will maintain its capital contribution of RMB 450 million to Shenzhen Yichu and increase its paid-in capital by RMB 250 million, totaling RMB 450 million after the increase[30] Current Assets - As of March 31, 2025, the total current assets amounted to RMB 25.53 billion, an increase of 16.5% from RMB 22.00 billion at the beginning of the year[32] - The total non-current assets reached RMB 79.00 billion, slightly up from RMB 78.83 billion at the beginning of the year[33] - Total assets increased to RMB 104.53 billion from RMB 100.83 billion, reflecting a growth of 3.4%[34] - Cash and cash equivalents increased to RMB 7.04 billion from RMB 5.94 billion, representing a growth of 18.5%[32]

点 击 蓝 字 关 注 我 们 目 录 行业信息 1、宁德时代召开超级科技日活动 三大电池产品重磅发布 2、华为智能充电网络战略与新品发布定档４月22日 将发布兆瓦超充 3、超 135 亿元 财政部下达 2025 年第一批节能减排补助资金预算 4、河北省委书记倪岳峰：培育壮大空天信息和卫星互联网、新能源和智能网联汽车、 机器人等产业 5、2025 上海车展首日：国产新能源车成焦点，海外品牌智能化加速 6、亿纬锂能 Q1 营收扣非净利双增，分别同增 37.34%与 16.60%，动力电池业务有望 持续向好 7、特朗普计划豁免部分汽车关税,但保留 25%整车关税 8、上海：继续组织汽车消费嘉年华 各项促消费活动将开展 9、赣锋锂业：与杭州市拱墅区人民政府及杭州市能源集团有限公司签订战略合作协议 10、星星充电发布"液冷超充 2.0"两兆瓦超充系统 11、华为牵手 11 家汽车品牌发布智能辅助驾驶安全倡议：营销透明、技术先行 12、上海首座兆瓦级超充站投运，可实现"充电五分钟，行驶百公里" 13、浙江绍兴智慧零碳供能服务区投运 政策言意 1、四川遂宁发布充电基础设施施配置标准 2、四川渠县：到 2030年，实现高速 ...

-广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业公告 4 月 26 日， 江西赣锋锂业集团股份有限公司 （简称： 赣锋锂业）发布公告称，公司与杭州市拱墅区人 民政府（简称：拱墅区政府）、杭州市能源集团有限公司（简称：杭州能源）分别签署《框架合作协议》 《战略合作协议》， 约定公司拟在杭州拱墅区 投资建设高比能固态电池研发及产业化基地 ， 围绕交通领 域电动化、新能源产业拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 《战略合作协议》表示，赣锋锂业、拱墅区政府、杭州能源三方将全面开展产业培育和长效发展合作，建 立共赢的长期紧密合作机制。三方在政企服务、产业创新、场地保障等方面进行深度合作。拱墅区政府创 造良好的营商环境，提供优质服务，支持赣锋锂业做大做强产业。赣锋锂业发挥自身的产业优势、品牌优 势，支持拱墅区域经济发展；杭州能源充分发挥新能源产业资源优势和场景应用，并做好场地空间的建设 和维护，支持赣锋锂业持续发展。 三方将共同推动赣锋锂业以新设主体形式落户拱墅区并建设高比能固态 电池研发及产业化基地。 《框架合作协议》表示，赣锋锂 ...

Investment Rating - Industry View for China Materials is rated as Attractive [6] - Industry View for China Cement is rated as In-Line [6] - Industry View for China Coal is rated as Cautious [9] Core Insights - The Trump administration has initiated a tariff probe on all US critical mineral imports, which may impact supply chains and pricing in the sector [6][20] - Baosteel is continuing its industry consolidation efforts, investing Rmb9 billion to acquire a 49% stake in Magang Limited [3][6] - Base metals have shown price increases, with Shanghai copper prices up 2.5% week-over-week (WoW) and aluminum prices up 1.3% WoW, while inventories for both metals have decreased [6][10] - Battery metals are under pressure, with prices for lithium hydroxide and lithium carbonate declining slightly, and stockpiling expected to continue [2][20] - Gold prices have increased by 2.8% WoW, attributed to Zijin Mining's acquisition of the Akyem Gold Project in Ghana, which has significant production potential [3][34] Summary by Sections Base Metals - Shanghai copper prices increased by 2.5% WoW to Rmb76,380/t, with inventories down 6.2% [10] - Shanghai aluminum prices rose by 1.3% WoW to Rmb19,830/t, with inventories down 7.4% [10] Battery Metals - Domestic industrial-grade lithium hydroxide prices decreased by 0.3% WoW to Rmb62,750/t, while battery-grade prices also fell by 0.3% to Rmb68,830/t [2][10] - Industrial-grade lithium carbonate prices dropped by 0.2% WoW to Rmb69,650/t, and battery-grade prices fell by 0.4% to Rmb71,450/t [2][10] - Mysteel anticipates continued stockpiling of lithium carbonate in April, with prices under pressure due to flat demand [20] Gold - Gold prices rose by 2.8% WoW to US$3,327/oz, following Zijin Mining's acquisition of the Akyem Gold Project [3][34] Steel - Shanghai HRC prices decreased by 1.8% WoW to Rmb3,220/t, while CRC prices fell by 1.3% to Rmb3,961/t [10] - Long steel inventories decreased by 6.4% WoW, while flat steel inventories fell by 2.0% WoW [10] Cement - Cement prices decreased by 0.7% WoW to Rmb389/t [4][10] Coal - Coal prices remained flat WoW at Rmb678/t, with Qinhuangdao inventory increasing by 11.2% to 6.85 million tons [4][10] - The NDRC has issued a plan to upgrade coal-fired power plants from 2025 to 2027 [28][29]

【DT新材料】 获悉，4月25日， 赣锋锂业 发布公告，公司与 杭州市拱墅区人民政府 （以下简称"拱墅区政府"）、 杭州市能源集团有限公司 （以下简 称"杭州能源"）分别签署《框架合作 协议》《战略合作协议》， 约定公司拟在杭州拱墅区 投资建设高比能固态电池研发及产业化基地 ，围绕交通领域 电动化、新能源产业拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 关于固态电池 ，此前4月10日，赣锋锂业发布关于公司固态电池项目研发进展的公告表示， 公司已形成固态电池全链路布局，在硫化物电解质及原材 料、氧化物电解质、金属锂负极、电芯、电池系统等固态电池关键环节具备了研发、生产能力，并加快推动固态电池商业化应用。 1、技术突破与产品矩阵双向发力 赣锋锂业同步推进 硅基 与 锂金属负极 双路线突破产业化门槛，以金属锂负极技术为核心，推动高比能电池量产进程。 400Wh/kg电池循环寿命芯突破 800次并完成工程验证，具备规模化应用潜力；全球首款500Wh/kg级10Ah产品实现小批量量产，树立锂金属电池产业化标杆。 同时硅基负极同步推进，硅基体系实现320-450Wh/kg产品梯度布局，其中320Wh/kg电 ...

02 赣锋锂业公告称，公司与杭州市拱墅区人民政府、杭州市能源集团有限公司分别签署《框架合作协议》《战略合作协议》，三方将开展产业培育和长 效发展合作，建立共赢的长期战略合作发展关系。公司拟在杭州拱墅区投资建设高比能固态电池研发及产业化基地，围绕交通领域电动化新能源产业 拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 03 鹏辉能源2025Q1营收16.9亿元 4月24日，鹏辉能源连续披露2024年及2025年一季度业绩情况，两段时期公司营收均实现增长。具体来看，2024年，鹏辉能源实现营收79.61亿 元，同比增长14.83%；净利润-2.52亿元；扣非净利润-3.22亿元。2025年一季度，鹏辉能源实现营收16.9亿元，同比增长5.83%；净利 润-4498.31万元；扣非净利润-8030.16万元。 ◆ 材料 ◆ GGII： 2024年中国锂电回收市场 ◆ 电池 ◆ 亿纬锂能2025Q1营业收入128亿元 01 亿纬锂能发布2025年第一季度报告， 公司Q1实现营业收入127.96亿元，同比增长37.34%； 扣非归母净利润8.17亿元，同比增长16.60%。 亿 纬锂能动力电池一季度出货达1 ...

一系列看似独立事件，形成的效应，乃至风暴正在对动储产业全球化趋势产业严重影响，甚至剧 烈冲击。 近日据多方外媒报道，韩国电动汽车 (EV) 电池制造商LG集团及其财团已正式撤回在印度尼西亚 建设电动汽车电池生态系统的计划投资。这一决定标志着该项目自2019年宣布以来，历经多年缓 慢进展后，最终未能落地。 据悉，该项目总投资额达77亿美元，原计划由LG Energy Solution （LG新能源） 、LG Chem （LG化学） 、LX International Corp （LX国际公司） 以及印度尼西亚国有企业共同推进，旨在 构建从原材料采购到电池生产的 "端到端价值链"。印尼作为全球最大的镍生产国，其丰富的镍资 源对电动汽车电池产业至关重要，因此该项目被视为LG集团在全球电池供应链布局中的关键一 环。 （消息来自 "环球网"） 事实上，这还只是动储产业全球化退潮的冰山一角。 据德国媒体4月中旬披露，由于国轩高科与市政府之间的法律纠纷，美国密歇根州梅科斯塔县计 划建设的电动汽车电池生产设施已停工。据了解，国轩计划在格林查特镇建设电池生产设施，该 项目预计投资约23.6亿美元，生产原定于2026年1月开始。 ...

近日据多方外媒报道，韩国电动汽车 (EV) 电池制造商LG集团及其财团已正式撤回在印度尼西亚 建设电动汽车电池生态系统的计划投资。这一决定标志着该项目自2019年宣布以来，历经多年缓 慢进展后，最终未能落地。 据悉，该项目总投资额达77亿美元，原计划由LG Energy Solution （LG新能源） 、LG Chem （LG化学） 、LX International Corp （LX国际公司） 以及印度尼西亚国有企业共同推进，旨在 构建从原材料采购到电池生产的 "端到端价值链"。印尼作为全球最大的镍生产国，其丰富的镍资 源对电动汽车电池产业至关重要，因此该项目被视为LG集团在全球电池供应链布局中的关键一 环。 （消息来自 "环球网"） 事实上，这还只是动储产业全球化退潮的冰山一角。 据德国媒体4月中旬披露，由于国轩高科与市政府之间的法律纠纷，美国密歇根州梅科斯塔县计 划建设的电动汽车电池生产设施已停工。据了解，国轩计划在格林查特镇建设电池生产设施，该 项目预计投资约23.6亿美元，生产原定于2026年1月开始。 更早些时候，据财新24年10月24日报道，其从多个市场人士处获悉，国内第七大动力电池企业蜂 巢 ...

1 、 《 国内第三款"少女针"获批 》摘要 ■ 继伊妍仕（进口）和塑妍（国产）获得批准后，四环医药旗下渼颜空间科技（吉林）也获批注射用 聚己内酯微球面部填充剂（"少女针"）。 ■ 羟基磷灰石材料早前在市场上以"打擦边球"的方式存在，而今年两款相关产品相继获得批准，标志 着这一材料从灰色地带迈向合规发展。 ■ 新材料如PDRN复合溶液和丝素蛋白凝胶也进入临床阶段，预计未来会成为国内医美市场的新兴竞 争者。 ■ 医美材料品类不断丰富，从传统的玻尿酸、肉毒素到新兴的PLA、PCL、羟基磷灰石、琼脂糖等， 国内注射医美市场正朝着多元化、精细化方向发展。 ■ 随着新材料的普及，消费者对医美效果的需求更加注重"自然"和"长效"，例如羟基磷灰石可维持1-2 年，比玻尿酸的短期效果更符合现代消费者的需求。 ■ 中游机构和企业应注重技术品牌化和场景化品牌输出，结合精准的产品定位和服务，逐步提升消费 者对品牌的信任和认知。 2、 《 固态电池量产"提前" 》摘要 ■ 上汽集团 近日透露，新一代固态电池将于2025年底在全新MG4车型上量产应用，并在2027年实现 全固态电池"光启电池"落地。 ■ 上汽发布的 智己L6 车型将搭 ...

中创新航与小鹏汇天深化战略合作 ◆ 电池 ◆ 比亚迪公布锌离子电池专利 01 近日，比亚迪股份有限公司申请的"锌离子电池负极集流体及其制备方法和应用"专利公布。具体 公开了一种锌离子电池负极集流体及其制备方法、锌离子电池负极片、锌离子电池和用电装置。 该锌离子电池负极集流体包括：导电基体；金属沉积层，位于所述导电基体的至少一侧表面上，包 括金属沉积材料，所述金属沉积材料包括金属氟化物和金属硫化物中的至少一种，所述金属沉积材 料中的金属包括铟、铋、锡、铜、镍中的至少一种。采用该锌离子电池负极集流体的锌离子电池具 有较高的循环稳定性和利用率。 宁德时代推出 587Ah大容量储能电芯 02 在近日举办的第十三届储能国际峰会暨展览会上，宁德时代展出了集成于新型储能系统"天恒"的 587Ah大容量电芯。据悉，宁德时代587Ah电芯在实现430Wh/L超高能量密度的同时，安全性能 可以做到比小电芯更优。同时，该电芯引入了仿生SEI膜技术可降低活性锂的消耗，可保证电池全 寿命周期的可吞吐电量较上一代提升48%。 03 4月11日，中创新航与广东汇天航空航天科技有限公司签署深化战略合作协议。此前，中创新航已 为陆地航母X3独 ...