长江商报奔腾新闻记者徐佳 被立案调查结果未明，诺德股份（600110）(600110.SH)重组折戟。 4月21日晚间，诺德股份披露重组进展。鉴于公司立案调查目前尚未结案，公司此前与交易对手方确定 的基准日已超过较长时间，交易方案的整体情况与实际情况已发生了一定的变化，公司决定终止重组事 项。 此前在2024年5月，诺德股份曾推出重组预案，公司拟通过发行股份的方式购买湖北诺德锂电材料有限 公司(简称"湖北诺德锂电")37.50%股权，并募集配套资金。交易完成后，诺德股份将持有湖北诺德锂电 100%股权。 同样在4月21日晚间，诺德股份发布年报及审计报告。其中，审计机构指出，由于截止审计报告出具 日，相关立案调查尚在进行中，其无法判断立案调查结果对财务报表整体的影响程度。 而诺德股份也对此进行说明，针对上述导致公司被出具非标准审计意见的事项，公司董事会高度重视， 将同管理层积极展开与监管部门的沟通，尽快解决上述事项带给公司的影响，维护公司和股东的合法权 益。 年报显示，2024年，诺德股份实现营业收入52.77亿元，同比增长15.44%；净利润和扣除非经常性损益 后的净利润(扣非净利润，下同)分别亏损3.52亿 ...

以3μm铜箔为例，公司率先攻克了3μm极薄锂电铜箔并实现其规模化量产，厚度仅为头发丝1/25，铜箔 通过技术创新减轻自身重量不仅可以有效减少电池的铜金属使用量，并可通过体积和重量的减少有效提 升锂电池的能量密度，显著缓解新能源汽车续航瓶颈并降低综合成本。目前，公司已经成为全球少数具 备量产极薄锂电铜箔能力的供应商。 2025年4月22日，诺德股份发布2025年一季度财报，报告显示，公司实现营收14.09亿元，同比增长 34.29%；归母净利润为-0.38亿元，同比减亏；在经历三年行业产能出清周期后，锂电铜箔行业供需格 局显著改善，主要企业盈利修复趋势显现。值得关注的是，诺德近期接连斩获中创新航、蜂巢能源及天 合储能等头部客户订单，标志着其高端化转型战略开始步入收获期。 一、供需重构叠加技术迭代 行业迎来价值重估 过去两年间，锂电铜箔行业经历深度调整周期。供给端，2020年启动的扩产潮在2022-2023年迎来产能 集中释放，据GGII统计数据显示，行业总产能两年间增长超120%，2025年预计出货量将突破105万吨。 需求端，新能源汽车补贴退坡导致动力电池增速放缓，动力电池装机量增速下滑，供需错配直接引发加 ...

Core Viewpoint - Nord Shares (诺德股份) has secured significant high-end copper foil orders, which are expected to enhance its core competitiveness and positively impact its financial performance in 2025 [1][2] Group 1: Recent Orders and Agreements - Nord Shares' subsidiary, Shenzhen Baijiada New Energy Materials Co., Ltd., signed a procurement contract with Jiangsu Trina Storage Co., Ltd. for 4.5-micron copper foil, valued at approximately 200 million RMB [1] - A strategic cooperation framework agreement was established with Honeycomb Energy Technology Co., Ltd., projecting a procurement volume of 50,500 tons of lithium battery copper foil over the next three years, estimated at around 5.05 billion RMB based on recent pricing [1] - Earlier in February, Baijiada reached a supply framework agreement with Zhongchuang Innovation Aviation for 45,000 tons of copper foil products, with a significant portion expected to be 4.5-micron electrolytic copper foil [1] Group 2: Market Position and Product Development - The company is focusing on technological innovation and has achieved mass production of ultra-thin lithium battery copper foil (3 to 5 microns), positioning itself among the few global suppliers capable of such production [2] - The product structure is being optimized towards high-end and diversified applications, with a consistent increase in orders for 4.5-micron products since Q1 2024, maintaining a leading gross margin in the industry [2] - High-end copper foil products command significantly higher processing fees compared to lower-end products, suggesting that companies with a higher proportion of high-end products, like Nord Shares, are likely to see improved profitability as market demand rises [2]

Group 1: Government Policies and Initiatives - The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Implementing the Strategy to Enhance Free Trade Pilot Zones," providing systematic deployment for the construction of free trade pilot zones [4] - The People's Bank of China, along with financial regulatory authorities, released the "Action Plan for Further Enhancing Cross-Border Financial Service Facilitation in Shanghai," which includes 18 key measures to improve cross-border settlement efficiency and optimize financial services [4] - The Ministry of Industry and Information Technology announced plans to promote orderly opening in the telecommunications sector and support pilot projects for service industry expansion, aiming to enhance market vitality [4] Group 2: Company News and Performance - Several companies reported significant year-on-year profit increases for Q1, including: - Bubu Gao: Net profit of 119 million yuan, up 488.44% [8] - Dajin Heavy Industry: Net profit of 231 million yuan, up 335.91% [8] - Yalian Machinery: Net profit of 57.6 million yuan, up 1088.67% [8] - Antong Holdings: Net profit of 241 million yuan, up 371.53% [8] - Guoda Special Materials: Net profit of 74.25 million yuan, up 1488.76% [8] - Xiantan Co.: Net profit of 48.02 million yuan, up 583.83% [8] - Shenghong Technology: Net profit of 921 million yuan, up 339.22% [8] - CATL announced the launch of its second-generation supercharging battery, capable of charging for 5 minutes to achieve a range of over 520 kilometers, marking a significant advancement in lithium iron phosphate battery technology [8] - China Communications Construction Company plans to repurchase A-shares worth 500 million to 1 billion yuan, while its controlling shareholder plans to increase H-shares by 250 million to 500 million yuan [8] - Rock Shares announced a termination of its major asset restructuring plan due to ongoing investigations by the China Securities Regulatory Commission [12] Group 3: Market Insights and Recommendations - The Shanghai Stock Exchange held a meeting with private equity representatives, who expressed confidence in the potential for valuation recovery in Chinese assets, suggesting a long-term, rational investment approach [5] - Citic Securities highlighted the importance of service consumption in expanding domestic demand, recommending investments in sectors like hotels and scenic spots [13] - Huatai Securities suggested focusing on defensive assets and policy hedging, particularly in transportation, insurance, and communication services, which are expected to see increased dividend rates in 2024 [13]

Core Viewpoint - Nord New Materials Co., Ltd. reported significant challenges in its 2024 annual report, with a sharp decline in net profit despite revenue growth, indicating a tough market environment [1] Financial Performance - Revenue for 2024 reached ¥5,277,316,433.27, a 15.44% increase from ¥4,571,598,482.30 in 2023, driven primarily by increased product sales, particularly in the electronic information materials segment [2] - Net profit attributable to shareholders was -¥351,685,960.57, a drastic decline of 1387.59% compared to ¥27,313,484.06 in 2023, mainly due to intensified industry competition and rising copper prices [2] - The company's non-recurring net profit was -¥415,381,390.08, down 209.29% from -¥134,303,633.39 in 2023, indicating significant challenges in core business profitability [2] Earnings Per Share - Basic earnings per share for 2024 was -¥0.2029, a decrease of 1322.29% from ¥0.0166 in 2023, reflecting deteriorating profitability [3] - Non-recurring basic earnings per share was -¥0.2397, down 193.75% from -¥0.0816 in 2023, further indicating reduced shareholder returns [3] Expense Analysis - Sales expenses increased by 4.00% to ¥34,909,026.22 in 2024, primarily due to rising salary and office costs [4] - Management expenses surged by 50.64% to ¥212,870,793.81, driven by higher salary, leasing, and depreciation costs, raising concerns about operational efficiency [4] - Financial expenses rose by 33.75% to ¥271,165,094.68, indicating increased debt burden and financial pressure [4] - R&D expenses remained stable at ¥151,144,462.26, slightly down by 0.11%, highlighting the need for continued investment in technology to maintain competitiveness [4] Cash Flow Situation - Net cash flow from operating activities improved significantly to ¥616,482,488.16 from -¥1,071,445,866.82 in 2023, indicating better cash collection and reduced tax payments [5] - Net cash flow from investing activities was -¥747,714,844.77, an improvement of 33.81% from -¥1,129,615,603.51 in 2023, suggesting a strategic reduction in investments [5] - Net cash flow from financing activities decreased by 174.12% to -¥401,717,936.67, reflecting reduced financing and increased debt repayments [5] R&D Investment - Total R&D investment for 2024 was ¥255,524,628.33, accounting for 4.84% of revenue, with capitalized R&D making up 40.85% of the total [6] - The company aims to enhance product competitiveness through ongoing R&D in areas like ultra-thin lithium battery copper foil [6] Industry Competition Risks - The lithium battery copper foil market has seen rapid demand growth, leading to increased competition and potential overcapacity, with new entrants and existing companies expanding their operations [8] - The market faces significant pressure from product homogeneity and low margins, particularly in standard copper foil products [8] Technological Replacement Risks - The industry is shifting towards thinner copper foil, with risks of product replacement if the company fails to keep pace with technological advancements [9] Raw Material Price Volatility Risks - Fluctuations in copper prices significantly impact production costs, with rising prices potentially straining cash flow [10] Management Risks - As the lithium battery industry expands, the company faces heightened demands for effective management and resource integration [11] High Debt Ratio Risks - The capital-intensive nature of the electrolytic copper foil industry has led to a high debt ratio, increasing interest expenses and limiting financing options [12]

证券代码：600110 证券简称：诺德股份 公告编号：临 2025-017 诺德新材料股份有限公司 关于召开 2024 年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： (一) 股东大会类型和届次 2024 年年度股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 13 日 14 点 00 分 召开地点：深圳市福田区广夏路 1 号创智云中心 A1 栋 30 层诺德新材料股 份有限公司 1 号会议室 股东大会召开日期：2025年5月13日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 5 月 13 日 至 2025 年 5 月 13 日 采用上海证券交易所网络投票系统 ...

诺德新材料股份有限公司监事会对 《董事会关于 2024 年度非标准内部控制审计报告涉 及事项的专项说明》的意见 北京德皓国际会计师事务所(特殊普通合伙)（以下简称"德皓国际"）完成 了诺德新材料股份有限公司（以下简称"公司"）2024 年度内控审计工作，出具 了 带强调事项段的无保留意见审计报告 （审计报告编号： 德皓内字 [2025]00000066 号），对此，公司董事会出具了《董事会关于 2024 年度非标准 内部控制审计报告涉及事项的专项说明》（以下简称"《内控专项说明》"）。我们 在认真审阅了《内控专项说明》后，发表意见如下： 诺德新材料股份有限公司监事会 一、德皓国际出具的带强调事项段无保留意见的内部控制审计报告以及董事 会出具的《内控专项说明》，符合公司的实际情况，真实、准确。监事会对德皓 国际出具的带强调事项段无保留意见内部控制审计报告无异议，并同意《董事会 关于 2024 年度非标准内部控制审计报告涉及事项的专项说明》。 二、针对强调事项所涉及的立案调查事项，我们将持续督促公司董事、管理 层对所涉事项尽快采取有效措施，努力降低和消除相关事项对公司的不利影响。 公司将积极配合中国证监会的各项工 ...

证券代码：600110 证券简称：诺德股份 公告编号：临 2025-022 诺德新材料股份有限公司 第十届监事会第二十五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、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法律责任。 诺德新材料股份有限公司（以下简称"诺德股份"或"公司"）第十届监事 会第二十五次会议于 2025 年 4 月 21 日以现场表决方式召开，会议由监事会主席 赵周南先生主持，应出席监事 3 名，实际出席监事 3 名。会议的召开符合《中华 人民共和国公司法》及《诺德新材料股份有限公司公司章程》的有关规定，所做 决议合法有效。 会议审议并通过如下事项： 1、《公司 2024 年年度监事会工作报告》 本议案需提交公司 2024 年年度股东大会审议。 表决结果：3 票同意，0 票反对，0 票弃权。 2、《公司 2024 年年度报告及摘要》 监事会认为：公司《2024 年年度报告及摘要》的编制和审议程序符合法律、 法规的规定，其所包含的信息真实、准确、完整地反映出公司 2024 年度的主要 经营情况和财务状况，未发现所载资料存在虚假记载、误导性陈述或者重大遗 ...

诺德新材料股份有限公司监事会对 《董事会关于 2024 年度非标准审计意见涉及事项的 专项说明》的意见 2025 年 4 月 22 日 北京德皓国际会计师事务所(特殊普通合伙)（以下简称"德皓国际"）对诺 德新材料股份有限公司（以下简称"公司"）2024 年度财务报告出具了保留意见 审计报告（审计报告编号：德皓审字[2025]00000994 号），对此，公司董事会出 具了《董事会关于 2024 年度非标准审计意见涉及事项的专项说明》（以下简称 "《专项说明》"）。我们在认真审阅了《专项说明》后，发表意见如下： 一、德皓国际出具的保留意见审计报告以及董事会出具的《专项说明》，符 合公司的实际情况。监事会对德皓国际出具的保留意见审计报告无异议，并同意 《董事会关于 2024 年度非标准审计意见涉及事项的专项说明》。 二、针对审计报告保留意见涉及的事项，我们将持续督促公司董事、管理层 对所涉事项尽快采取有效措施，努力降低和消除相关事项对公司的不利影响。公 司将积极配合中国证监会的各项工作，争取尽快完成调查工作。作为公司监事， 我们将积极督促董事会及公司管理层采取有效措施解决相关事项，协助其开展相 关工作，切实维护 ...

证券代码：600110 证券简称：诺德股份 公告编号：临 2025-021 诺德新材料股份有限公司 第十届董事会第四十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 诺德新材料股份有限公司（以下简称"诺德股份"或"公司"）第十届董事 会第四十次会议于 2025 年 4 月 21 日以现场结合通讯方式召开，会议由董事长陈 立志先生主持，应出席董事 7 名，实际出席董事 7 名，公司监事、高管列席会议。 会议的召开符合《公司法》及《公司章程》的有关规定，所做决议合法有效。 会议审议并通过如下事项： 1、《公司 2024 年年度董事会工作报告》 本议案需提交公司 2024 年年度股东大会审议。 表决结果：7 票同意，0 票反对，0 票弃权。 2、《董事会独立董事 2024 年年度述职报告》 具体内容详见公司同日于上海证券交易所网站（http://www.sse.com.cn） 披露的《董事会独立董事 2024 年年度述职报告》。 公司独立董事将在公司 2024 年年度股东大会上述职。 表决结果：7 票同意，0 票反对 ...