证券代码：002460 证券简称：赣锋锂业 编号：临2025-098 江西赣锋锂业集团股份有限公司 关于修订《公司章程》及修订、制定部分管理制度的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日召开第六届董事会第五次会议，审议通过了《关于修订< 公司章程> 的议案》《关于新增、修订公司部分管理制度的议案》。 现将具体情况公告如下： 一、修订《公司章程》情况 特此公告。 江西赣锋锂业集团股份有限公司 《 < 公 司 章 程 > 修 订 对 照 表 》 将 于 同 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）予以披露。上述事项尚需提交股东会审 议,并提请股东会授权公司管理层及相关人员办理上述涉及的章程备 案等相关事宜，上述变更最终以注册登记机关核准的内容为准。 二、公司管理制度修订和制定情况 为进一步完善公司治理结构，更好地促进公司规范运作，根据《中 华人民共和国》《中华人民共和国证券法》《上市公司独立董事管理 办法》《深圳证券交易所股票上市规则 ...

江西赣锋锂业集团股份有限公司 风险投资管理制度 第一章 总 则 第一条 为规范江西赣锋锂业集团股份有限公司（以下简称"公司"）及控股子 公司的风险投资及相关信息披露行为，强化风险控制，防范投资风险，保护投资者 的权益和公司利益，根据《证券法》、《深圳证券交易所股票上市规则》、《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》、《深圳证 券交易所上市公司自律监管指引第 7 号——交易与关联交易》、《香港联合交易所 有限公司证券上市规则》等法律、法规、规范性文件以及《公司章程》的有关规定， 结合公司实际情况，制定本制度。 第二条 本制度所称风险投资，包括证券投资、房地产投资、信托产品投资、期 货交易、衍生品交易以及深圳证券交易所认定的其他投资行为。 以下情形不属于本制度所称的风险投资： 1、作为公司及控股子公司主营业务的证券投资与衍生品交易行为； 2、固定收益类或者承诺保本的投资行为； 3、参与其他上市公司的配股或者行使优先认购权利； 4、购买其他上市公司股份超过总股本的 10%，且拟持有三年以上的证券投资； 5、公司首次公开发行股票并在上市前已进行的投资。 第二章 风险投资的原则 第三条 ...

江西赣锋锂业集团股份有限公司 募集资金管理办法 第一章 总则 第一条 江西赣锋锂业集团股份有限公司（以下简称"公司"或"本公司"）为加 强、规范公司募集资金的管理, 提高资金使用效率和效益, 本着对全体股 东负责的原则，根据中国证券监督管理委员会的有关规定以及深圳交易所 《上市公司募集资金监管规则》、《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》、《香港联合交易所有限公司证券 上市公司规则》(以下简称"《香港上市规则》")等法律法规以及《江西 赣锋锂业集团股份有限公司章程》，结合公司实际情况，制定本管理办法。 第二条 募集资金是指本公司依法定程序提出申请, 经中国证券监督管理委员会核 准, 以公开发行证券(包括首次公开发行股票、配股、增发、发行可转换公 司债券、分离交易的可转换公司债券、权证等)以及非公开发行股票向投资 者募集并用于特定用途的资金。募集的资金须经具有证券从业资格的会计师 事务所审验并出具验资报告。 第三条 公司董事应对募集资金的管理和使用勤勉尽责。在公开募集前, 应根据公 司发展战略、主营业务、市场形势和国家产业政策等因素, 对募集资金拟投 资项目可行性进行充分论证 ...

第一章 总则 第一条 为规范江西赣锋锂业集团股份有限公司(以下简称"公司")的对外投资 行为，加强公司对外投资管理，防范对外投资风险，保障对外投资安全，提高对外 投资效益，维护公司形象和投资者的利益，依照《中华人民共和国公司法》、《中 华人民共和国证券法》、《深圳证券交易所股票上市规则》等法律、法规、规范性 文件的相关规定，结合公司章程及公司的实际情况，制定本制度。 第二条 本制度所称对外投资是指公司为扩大生产经营规模或实施公司发展战 略，以获取长期收益为目的，将现金、实物、无形资产等可供支配的资源投向其他 组织或法人单位的行为。包括投资新建全资企业、与其他单位进行联营、合营、兼 并或进行股权收购、项目资本增减等。 江西赣锋锂业集团股份有限公司 对外投资管理制度 第三条 对外投资应遵循的基本原则： 1、遵守国家法律、法规，符合国家产业政策； 2、各投资项目的选择应符合公司发展战略； 3、规模适度，量力而行，不能影响公司主营业务的发展； 4、坚持效益优先的原则； 5、集体决策、审慎投资、控制风险。 第四条 根据国家对投资行为管理的有关要求，投资项目需要报政府部门审批 的，应履行必要的报批手续，保证公司各项投资行 ...

Group 1 - The top three companies with the highest short positions as of August 15 are WuXi AppTec (02359), CATL (03750), and COSCO Shipping Holdings (01919), with short ratios of 14.92%, 14.41%, and 13.40% respectively [1][2] - The companies with the largest absolute increase in short positions are Heng Rui Medicine (01276), Yao Cai Securities (01428), and Modern Animal Husbandry (01117), with increases of 2.49%, 1.34%, and 1.31% respectively [1][2] - The companies with the largest absolute decrease in short positions are Ganfeng Lithium (01772), WuXi AppTec (02359), and Fourth Paradigm (06682), with decreases of -2.98%, -2.67%, and -2.28% respectively [1][2] Group 2 - The top ten companies with the highest short ratios include Ping An Insurance (02318) at 12.46%, Green Leaf Pharmaceutical (02186) at 12.36%, and Vanke Enterprises (02202) at 12.13% [2] - The companies with the most significant increases in short ratios include Heng Rui Medicine (01276) from 0.51% to 2.99%, Yao Cai Securities (01428) from 3.47% to 4.81%, and Modern Animal Husbandry (01117) from 4.74% to 6.05% [2] - The companies with the most significant decreases in short ratios include Ganfeng Lithium (01772) from 13.32% to 10.34%, WuXi AppTec (02359) from 17.59% to 14.92%, and Fourth Paradigm (06682) from 2.74% to 0.46% [2][3]

Core Viewpoint - The lithium industry is experiencing significant performance divergence among companies, driven by low lithium carbonate prices, highlighting the importance of resource advantages and cost control capabilities for sustainable development [1][2]. Group 1: Performance Forecasts - Companies like Tianqi Lithium and Cangge Mining expect to achieve profitability in the first half of 2025, with Tianqi Lithium projecting a net profit of up to 155 million yuan, a 102.98% increase from the previous year [2]. - Zhongkuang Resources anticipates a net profit of 65 to 90 million yuan, representing a decline of approximately 80.97% to 86.26% compared to the previous year's 473 million yuan [2]. - Companies such as Ganfeng Lithium and Shengxin Lithium are expected to report losses, with Shengxin Lithium forecasting a loss of 720 to 850 million yuan, compared to a loss of 187 million yuan in the same period last year [2][3]. Group 2: Market Dynamics - The decline in lithium prices is cited as a primary reason for the performance downturn, with Ganfeng Lithium noting that the sales prices of lithium salts and battery products have continued to drop [3]. - The average price of battery-grade lithium carbonate was reported at 79,500 yuan per ton as of August 12, remaining below 100,000 yuan per ton [4]. - Analysts predict that the lithium market may achieve supply-demand balance next year, with potential price recovery, although the industry must first undergo a capacity clearing process [4]. Group 3: Strategic Adjustments - Companies are actively adjusting their operational strategies to cope with the downturn, focusing on cost reduction and efficiency improvements [6]. - Ganfeng Lithium is increasing production capacity through low-cost projects and technological advancements, while Tianqi Lithium is enhancing its internal control structure and management efficiency [6]. - Some companies are strategically increasing resource investments despite short-term cost pressures, positioning themselves for future price rebounds [7].

Group 1: Hong Kong Stocks - Chow Sang Sang (00116) surged over 18%, expecting a mid-term profit attributable to shareholders of approximately HKD 900 million to 920 million [1] - XPeng Motors (09868) rose over 4%, reporting a 125.3% year-on-year revenue growth in Q2, achieving a historical high for a single quarter [1] - Sunny Optical Technology (02382) increased over 6%, with a 52.56% year-on-year rise in mid-term profit attributable to shareholders for the six months ending June 30, 2025 [1] - China Gold International (02099) gained over 3%, reporting a turnaround to profitability in the first half of 2025, supported by a rich resource reserve and stable production [1] - Hansoh Pharmaceutical (03692) fell over 8%, announcing a 6.5% discount on a placement to raise nearly HKD 3.9 billion for innovative drug development [1] - Pop Mart (09992) rose over 6%, with adjusted net profit in the first half of 2025 increasing 3.6 times year-on-year [1] - Kunlun Energy (00135) dropped over 3%, reporting a 4.36% year-on-year decrease in mid-term profit attributable to shareholders for the first half of 2025 [1] Group 2: Other Stocks - Gilead Sciences (01672) fell over 8%, announcing a placement to raise a net amount of HKD 468 million, while its controlling shareholder cashed out nearly HKD 390 million [2] - Yixin Group (02858) rose over 1%, reporting a 28% year-on-year increase in adjusted net profit for the first half of 2025, with financial technology revenue soaring 124% [2] - Lithium stocks declined, with Ganfeng Lithium (01772) and Tianqi Lithium (09696) both dropping nearly 6%, amid inventory pressure in the lithium carbonate spot market [2] Group 3: US Stocks - Palo Alto Networks (PANW.US) rose 3.06%, exceeding expectations in Q4 earnings and providing optimistic guidance for future earnings [3] - BHP Group (BHP.US) increased 0.51%, reporting dividends exceeding expectations despite weak iron ore and coal prices [3] - NIO (NIO.US) rose 4.11%, with its L90 model delivering 6,400 units in 20 days since launch, with the factory operating at full capacity [3] - New Oriental (EDU.US) fell 2.79%, influenced by a drop in Oriental Selection's stock, while denying regulatory investigation rumors [3] - Viking Therapeutics (VKTX.US) plummeted 42.12% after reporting adverse side effects in its experimental obesity drug trials [4] - Arm (ARM.US) dropped 5.00%, as it hired Amazon's AI chip director to advance its chip development plans [4] - Home Depot (HD.US) rose 3.17%, reaching a new high since January, with Q2 net sales meeting market expectations [4] - Best Buy (BBY.US) increased 3.20%, launching a third-party online shopping platform to expand product variety [4] - Nexstar Media Group (NXST.US) rose 0.65%, announcing a $6.2 billion acquisition of Tegna [4] - Aurora Innovation (AUR.US) fell over 8%, closing down 7.14% after a short-seller report questioned its profit potential [5] - Boeing (BA.US) dropped 3.19%, with Airbus A320 deliveries expected to surpass Boeing's soon [5]

智通财经APP获悉，根据2025年8月19日披露数据，盈富基金（02800）、南京熊猫电子股份 （00553）、南方恆生科技（03033）港股通持股占比增加值最大，分别增加7.87%、3.96%、2.64%；京 城机电股份（00187）、东阳光药（06887）、福莱特玻璃（06865）港股通持股占比减少值最大，分别 减少-7.55%、-1.75%、-1.73%。 在最近有统计数据的5个交易日内，盈富基金（02800）、微盟集团（02013）、南方恆生科技（03033） 港股通持股占比增加值最大，分别增加6.15%、4.31%、3.70%；京城机电股份（00187）、东阳光药 （06887）、赣锋鋰业（01772）港股通持股占比减少值最大，分别减少-6.22%、-5.34%、-4.58%。 3、港股通5日占比增持榜（前10名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 盈富基金(02800) | +6.15% | 8.56% | | 微盟集团(02013) | +4.31% | 34.20% | | 南方恆生科技(03033) | +3.70% | 63.6 ...

Core Viewpoint - The Chinese automotive sector is experiencing a significant rally, with major stocks showing substantial gains, driven by favorable monetary policy and strong sales growth in the industry [2][3][8]. Group 1: Market Performance - On August 18, Hong Kong automotive stocks rose sharply, with Great Wall Motors up nearly 13%, NIO up nearly 8%, and Geely up nearly 5% [2]. - The A-share index rose over 1%, reaching a nearly 10-year high, with automotive companies continuing their upward trend from the previous week [2][3]. - Over 70% of the 101 Chinese automotive stocks tracked saw price increases, with an average gain of 3.6%, second only to the Shenzhen Composite Index [3]. Group 2: Monetary Policy Impact - The People's Bank of China (PBOC) has played a crucial role in supporting the stock market through liquidity injections, releasing a total of 1.2 trillion yuan in the past two weeks [2][8]. - The PBOC's emphasis on maintaining a moderately loose monetary policy for the second half of the year has provided reassurance to the market [8]. Group 3: Sales Growth - Data from the China Automotive Industry Association indicates that vehicle sales in the first seven months of the year reached 18.269 million units, a year-on-year increase of 12% [6]. - The automotive sales growth has exceeded the expected levels of 2% to 3%, contributing to the positive market sentiment [3][6]. Group 4: Stock Performance Highlights - Harmony Auto led the weekly gains with a 76% increase, followed by Ganfeng Lithium with a 21.05% rise [7][10]. - Other notable performers include Baideli Holdings, Hesai, Great Wall Motors, and Tianqi Lithium, all of which saw gains exceeding 10% [7]. - The dealer/retail sector outperformed with a remarkable 9.64% increase, attributed to the high growth in automotive sales this year [3]. Group 5: Individual Company Developments - Harmony Auto's surge is linked to BYD's strong overseas sales and its aggressive global expansion strategy, having opened 100 BYD stores in two years [9]. - Ganfeng Lithium received a significant investment from JPMorgan Chase, increasing its holdings and benefiting from the strong performance of lithium stocks due to supply disruptions [10]. - Hesai reported a 53.9% year-on-year revenue growth in Q2 and secured a partnership with Toyota for laser radar production [10][12]. - Great Wall Motors has commenced production at its factory in Brazil, with an annual capacity exceeding 30,000 vehicles [12].

Core Viewpoint - Solid-state batteries are the trend due to high safety and high energy density, focusing on sulfide routes with performance targets of 400Wh/kg and over 1000 cycles, aiming for small-scale production in 2027 and mass production by 2030 [2][8]. Group 1: Solid-State Battery Development - The transition to solid-state batteries is driven by the need for improved safety and energy density, as traditional lithium-ion batteries pose safety risks due to flammable organic electrolytes [8]. - Solid-state batteries eliminate liquid electrolytes, enhancing safety and space utilization, with energy densities potentially reaching 500Wh/kg [9][10]. Group 2: Sulfide Electrolyte Characteristics - Sulfide electrolytes are favored for their high ionic conductivity at room temperature, making them ideal solid-state electrolyte materials despite challenges like air stability and electrochemical window limitations [3][10][22]. - The main types of sulfide electrolytes include lithium sulfide-silver-germanium structures, which offer low cost, high conductivity, and good electrochemical stability [3][24]. Group 3: Competitive Landscape - The competitive landscape for lithium sulfide and sulfide electrolytes is diverse, with major players like Ganfeng Lithium and Tianqi Lithium leading, alongside emerging startups and semiconductor companies expanding into the sulfide supply chain [4][14]. - The competition is expected to intensify as battery manufacturers actively develop their own sulfide electrolytes, with the barrier to entry for lithium sulfide being higher than for sulfide electrolytes [4][14]. Group 4: Investment Opportunities - Investment opportunities are identified in companies with unique processes and outstanding product performance in lithium sulfide production, with potential for large-scale applications in the medium term [5]. - Key companies include Xiamen New Energy, Shanghai Xiba, and Rongbai Technology, each with distinct advantages in solid-state battery technology and production capabilities [5][20]. Group 5: Future Projections - By 2030, the market for sulfide solid-state batteries is projected to reach 117GWh, with a corresponding market value estimated between 117 billion to 175.5 billion yuan [20][21]. - The demand for lithium sulfide is expected to exceed 20,000 tons by 2030, driven by the anticipated production scale of solid-state batteries [21].