Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,409,357,659.98, representing a year-over-year increase of 34.29% compared to CNY 1,049,451,204.12 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 37,672,258.10, which is an improvement of 60.09% from a loss of CNY 94,390,655.97 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.0219, showing a 59.44% improvement from CNY -0.0540 in the same period last year[4] - Total revenue for Q1 2025 reached CNY 1,409,357,659.98, an increase of 34.4% compared to CNY 1,049,451,204.12 in Q1 2024[24] - The net profit for Q1 2025 was -42,526,907.89 RMB, an improvement from -95,334,273.79 RMB in Q1 2024, indicating a reduction in losses by approximately 55.3%[25] - Operating profit for Q1 2025 was -36,035,010.46 RMB, compared to -93,797,581.59 RMB in the same period last year, reflecting a significant decrease in operating losses[25] - Total comprehensive income for Q1 2025 was 52,397,540.66 RMB, a recovery from -148,138,886.59 RMB in Q1 2024[26] Cash Flow and Assets - The cash flow from operating activities was CNY 131,498,074.87, down 29.65% from CNY 186,911,128.62 in the previous year[4] - Cash and cash equivalents decreased to CNY 2,422,415,806.16 from CNY 2,647,378,234.88, a decline of 8.5% year-over-year[20] - Total assets at the end of the reporting period were CNY 16,200,324,305.07, a slight increase of 0.37% from CNY 16,140,313,792.42 at the end of the previous year[5] - Total liabilities decreased marginally to CNY 8,906,344,839.81 from CNY 8,927,043,211.95[22] - The company reported a total equity of CNY 7,293,979,465.26, an increase from CNY 7,213,270,580.47[22] Research and Development - The company's R&D expenses increased by 90.32%, indicating a significant investment in new product development and technology[9] - Research and development expenses increased significantly to CNY 46,291,126.68, a rise of 90.3% compared to CNY 24,322,219.80 in Q1 2024[24] - The company is focusing on market expansion and new product development, as indicated by the significant increase in R&D spending[24] Investments and Agreements - The investment income surged by 635.95%, reflecting increased returns from long-term equity investments[9] - The company signed a supply framework agreement with Zhongchuang Xinhang Technology Group for 45,000 tons of copper foil products to be supplied by its subsidiary, Baijiada, in 2025[14] - Baijiada entered into a procurement contract with Jiangsu Trina Energy Storage Co., with a contract value of approximately RMB 200 million for 4.5-micron copper foil in 2025[17] - A strategic cooperation framework agreement was signed with Hive Energy Technology Co., with expectations to procure 50,000 tons of lithium battery copper foil over the next three years[19] - The company reported that the actual supply volume under the agreements will depend on formal sales orders, indicating potential variability in future revenues[14][17][19] - The company is focused on ensuring stable supply and fulfilling commitments to its partners, which may positively impact its 2025 operating performance[14][17][19] Shareholder Information - The top three shareholders hold a combined 29.85% of the company's shares, with Shenzhen Nord Industrial Management Co., Ltd. holding 12.57%[12] - The company has a total of 218,194,731 shares held by Shenzhen Nord Industrial Management Co., Ltd., which is the largest shareholder[12] - The company has 150,000,000 shares held by Shenzhen Nord Material Technology Co., Ltd., and another 150,000,000 shares held by Shenzhen Hongyuan New Materials Co., Ltd., both of which are subsidiaries of the largest shareholder[12] Other Financial Metrics - Total operating costs for Q1 2025 were CNY 1,461,382,823.73, up 26.1% from CNY 1,158,659,034.60 in Q1 2024[24] - Cash flow from investing activities resulted in a net outflow of -16,125,472.72 RMB in Q1 2025, an improvement from -203,530,336.97 RMB in Q1 2024[28] - Cash flow from financing activities showed a net outflow of -324,198,197.38 RMB in Q1 2025, compared to -59,738,667.51 RMB in Q1 2024, indicating increased cash outflows for financing[29] - The total revenue from sales of goods and services in Q1 2025 was 4,481,043,604.13 RMB, up from 3,810,733,608.56 RMB in Q1 2024, representing an increase of approximately 17.6%[27] - The cash and cash equivalents at the end of Q1 2025 were 2,167,108,410.30 RMB, down from 2,832,444,846.45 RMB at the end of Q1 2024[29] - The company reported a tax expense of 6,515,407.44 RMB in Q1 2025, compared to 1,275,276.69 RMB in Q1 2024, indicating a significant increase in tax liabilities[25] Corporate Governance - The company terminated a major asset restructuring plan that was previously approved by the board[16] - The company has appointed new representatives for ongoing supervision duties following changes in its underwriting team[15]

Shareholder Returns and Financial Management - The company repurchased a total of 13.5578 million shares in 2024, with a total payment of RMB 50.07566 million, excluding transaction fees [6]. - The total amount for cash dividends and share repurchases in 2024 is RMB 50.07566 million, with no cash dividends or stock bonuses planned for the year [6]. - The company plans to focus on maintaining shareholder value and rights through share repurchases rather than cash dividends [6]. - The company has proposed a share repurchase plan, indicating confidence in its stock value and commitment to shareholder returns [186]. Financial Performance - The company's operating revenue for 2024 reached approximately RMB 5.28 billion, representing a year-on-year increase of 15.44% compared to RMB 4.57 billion in 2023 [26]. - The net profit attributable to shareholders of the listed company for 2024 was approximately -RMB 351.69 million, a significant decline from a profit of RMB 27.31 million in 2023 [26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -RMB 415.38 million, compared to -RMB 134.30 million in 2023, indicating a 209.29% increase in losses [26]. - The net cash flow from operating activities improved to approximately RMB 616.48 million in 2024, a recovery of 157.54% from a negative cash flow of RMB -1.07 billion in 2023 [26]. - Total assets increased to approximately RMB 16.14 billion at the end of 2024, up 5.92% from RMB 15.24 billion at the end of 2023 [26]. - The net assets attributable to shareholders of the listed company decreased to approximately RMB 5.68 billion, down 7.11% from RMB 6.12 billion at the end of 2023 [26]. Audit and Compliance - The company received a qualified audit opinion from Beijing Dehao International Accounting Firm, indicating potential concerns regarding financial reporting [5]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report [4]. - The internal control audit report highlighted certain emphasized matters but did not issue a qualified opinion [9]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties [8]. - There are no violations of decision-making procedures for providing guarantees to external parties [8]. Market and Product Development - The company plans to focus on the development of high-performance copper foil products for lithium-ion batteries, which are essential for the growing electric vehicle market [25]. - The company is exploring market expansion opportunities in the renewable energy sector, particularly in photovoltaic and energy storage solutions [16]. - The company aims to enhance its research and development capabilities to innovate new products and technologies in the high-end copper foil segment [25]. - The company is considering strategic mergers and acquisitions to strengthen its market position and expand its product offerings [25]. - The company has achieved mass production of 3-micron ultra-thin lithium battery copper foil, which reduces copper usage by 33% compared to 6-micron products, effectively lowering material costs for clients amid rising copper prices [37]. - The company is developing high-temperature, long-life copper foil products for the energy storage sector, responding to the growing global demand for energy storage solutions [39]. Research and Development - The company has established a three-tier R&D system, collaborating with universities to optimize key technologies, such as the production of ultra-thin copper foil [40]. - The company has received multiple patents during the reporting period, maintaining its technological leadership in the ultra-thin copper foil sector [50]. - The company is engaged in research and development of new materials, including a three-layer structure material that integrates copper and polymer, which is expected to lower battery weight and costs [73]. - The company is focusing on the production of high-quality copper-clad laminates (CCL) for various applications in electronics, automotive, and aerospace industries [83]. Operational Efficiency and Management - The company has implemented an intelligent management system to enhance production efficiency and product quality, achieving standardized and automated production processes [44]. - The company has developed a comprehensive quality management system that monitors the entire lifecycle of copper foil production, ensuring high product quality and compliance with client standards [47]. - The company has implemented a structured procurement process, including monthly material demand planning and a tiered purchasing approach for small and large orders [87]. - The production model is based on sales-driven production, allowing for continuous manufacturing and reduced inventory risk [89]. Industry Challenges and Risks - The overall profitability of the lithium battery copper foil market has deteriorated due to supply-demand imbalances and price wars [34]. - The company is facing dual pressures from geopolitical conflicts and insufficient domestic demand, impacting its operational performance [34]. - The company is committed to implementing national and local policies to navigate the challenging business environment [34]. - The company faces risks from changes in industrial policies, particularly regarding the domestic new energy vehicle subsidy adjustments and import tariffs on copper foil [166]. - The company plans to mitigate macroeconomic risks by expanding into less affected markets and increasing R&D investment for high-performance copper foil products [168]. Governance and Compliance - The company adheres to strict compliance with corporate governance standards, ensuring dynamic supervision of raised funds and actively participating in the formulation of green production standards for the lithium battery copper foil industry [57]. - The company has established a dedicated team for investor relations to ensure timely and accurate communication with investors [183]. - The company has established an independent financial accounting department with a complete and standardized accounting system, ensuring financial independence from controlling shareholders [184]. - The company is actively enhancing its governance structure to ensure compliance with legal and regulatory requirements, improving transparency and accountability [182]. Management Changes and Executive Compensation - The company has undergone internal adjustments, with the current general manager set to resign in April 2024, while retaining the position of vice chairman [191]. - The total compensation for Chairman Chen Lizhi is CNY 1.96 million, while Vice Chairman Xu Songqing received CNY 1.49 million [188]. - The remuneration for directors, supervisors, and senior management is determined based on the company's economic performance and assessment targets, ensuring alignment with company goals [196]. - The performance assessment requirements for stock options have not been achieved, impacting multiple executives' potential gains [189].

诺德新材料股份有限公司董事会 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 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），根据《公开发行证券的公司信息披露编报规则第 14 号— —非标准审计意见及其涉及事项的处理》《上海证券交易所股票上市规则》等相 关规定，公司就上述意见涉及事项说明如下： 一、强调事项的内容 德皓国际接受公司委托，根据中国注册会计师执业准则审计了公司 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并 及母公司现金流量表、合并及母公司股东权益变动表以及相关财务报表附注，并 出具了德皓审字[2025]00000994 号保留意见审计报告。 公司于 2024 年 9 月 6 日收到中国证券监督管理委员会（以下简称"中国证 监会"）送达的《立案告知书》（编号：证监立案字 0202024005 号、证监立案字 0202024006 号、证 ...

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。 为真实、准确地反映公司资产状况和经营成果，根据《企业会计准则》和公司会 计政策的相关规定进行充分评估和分析，对存在减值迹象的资产进行减值测试，基于 谨慎性原则，公司对 2024 年年度合并报表范围内的相关资产进行了减值测试并计提了 相应的资产减值准备，具体情况如下： 证券代码：600110 证券简称：诺德股份 公告编号：临 2025-019 诺德新材料股份有限公司 关于计提资产减值准备的公告 一、计提资产减值准备的情况概述 2024 年 1 月 1 日至 2024 年 12 月 31 日公司计提各类资产减值准备共计 85,625,905.87 元，具体如下： 单位：元 币别：人民币 | 序号 | 项目 | 金额 | 备注 | | --- | --- | --- | --- | | 1 | 信用减值准备 | -16,200,491.32 | 应收账款坏账损失 | | | | -305,635.57 | 其他应收款坏账损失 | | 2 | 资产减值准备 | 342,840.82 | ...

目录 CONTENTS 01 治企筑基 践行稳健务实发展 | 公司治理 | 17 | | --- | --- | | 投资者关系管理 | 20 | | 内控风控 | 22 | | 负责任商业 | 26 | 03 绿动未来 深耕可持续发展之路 | 环境合规管理 | 51 | | --- | --- | | 能源利用 | 55 | | 水资源利用 | 58 | | 污废处理 | 59 | | 应对气候变化 | 63 | | 循环经济 | 65 | 02 质领创新 开拓共创共享格局 | 创新驱动 | 33 | | --- | --- | | 数智建设 | 37 | | 产品和服务安全与质量 | 41 | | 供应商管理 | 45 | | 行业共建 | 47 | 04 人本为先 绘就和谐共享蓝图 | 员工雇佣 | 69 | | --- | --- | | 权益保障 | 73 | | 人才发展 | 75 | | 职业健康与安全生产 | 77 | | 社会公益 | 80 | | 关于本报告 | 01 | | --- | --- | | 董事长致辞 | 03 | | 关于我们 | 05 | | ESG 管理 | 11 | ...

证券代码：600110 证券简称：诺德股份 公告编号：临 2025-014 诺德新材料股份有限公司 关于终止重大资产重组事项的公告 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。 2025 年 4 月 21 日，诺德新材料股份有限公司（以下简称"公司"）召开第 十届董事会第四十次会议和第十届监事会第二十五次会议，审议通过了《关于终 止重大资产重组事项的议案》，同意公司终止本次重大资产重组事项。现将有关 事项公告如下： 一、本次交易基本情况 诺德新材料股份有限公司（以下简称"公司"）拟通过发行股份的方式购买湖 北诺德产业投资合伙企业（有限合伙）及湖北长江诺德产业投资管理合伙企业（有 限合伙）持有的湖北诺德锂电材料有限公司 37.50%股权，并募集配套资金（以 下简称"本次交易）。本次交易构成关联交易，构成重大资产重组，不会导致公 司实际控制人发生变更，不构成重组上市。 二、公司在推进本次交易期间所做的主要工作 三、终止本次交易的原因 自本次交易事项筹划以来，公司严格按照相关法律法规要求，积极组织相关 各方推进本次交易工作，公司聘 ...

一、合同签署情况 证券代码：600110 证券简称：诺德股份 公告编号：临 2025-020 诺德新材料股份有限公司 关于全资孙公司与江苏天合储能有限公司签订 2025年度销售合同的公告 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。 重要内容提示： 本协议自双方签章之日起生效，在本协议执行过程中，存在法律、法规、 政策、履约能力、技术、市场等方面不确定性或风险，同时还可能面临外部宏观 环境发生重大变化、突发意外事件，以及其他不可抗力因素影响所带来的风险等。 本协议为公司日常经营协议，本协议的顺利履行将对公司 2025 年经营业 绩产生积极的影响。 近日，诺德新材料股份有限公司（以下简称"公司"）全资孙公司深圳百嘉 达新能源材料有限公司（以下简称"百嘉达"）与江苏天合储能有限公司（以下 简称"天合储能"）签订了《采购合同》，合同约定 2025 年天合储能向百嘉达 采购 4.5 微米铜箔，合同金额约 2 亿元人民币。 公司与天合储能不存在关联关系，本协议的签订不涉及关联交易。本协议的 签署为公司的日常经营活动行为，无须提交公司董 ...

证券代码：600110 证券简称：诺德股份 公告编号：临 2025-015 诺德新材料股份有限公司 | 13 | 募集资金管理办法 | 修订 | | --- | --- | --- | | 14 | 内幕信息及知情人管理制度 | 修订 | | 15 | 投资者关系管理制度 | 修订 | | 16 | 信息披露暂缓与豁免业务内部管理制度 | 修订 | | 17 | 信息披露制度 | 修订 | | 18 | 信息披露重大差错责任追究管理办法 | 修订 | | 19 | 舆情管理制度 | 修订 | | 20 | 重大事项内部报告制度 | 修订 | | 21 | 子公司管理办法 | 修订 | | 22 | 总经理工作细则 | 修订 | | 23 | 监事会议事规则 | 废止 | 修订后的上述制度全文详见上海证券交易所网站（http://www.sse.com.cn）。 其中修订后的《募集资金管理办法》、《会计师事务所选聘制度》、《对外担保 管理制度》、《对外投资管理制度》、《公司章程》、《股东会议事规则》、《董 事会议事规则》、《独立董事制度》尚需提交公司 2024 年度股东大会审议通过 后方可生效。 三、其他事项说 ...

诺德新材料股份有限公司董事会 2025 年 4 月 22 日 — 1 — 诺德新材料股份有限公司董事会 对独立董事独立性情况的专项意见 根据《上市公司独立董事管理办法》《上海证券交易所股票上市规则》等要 求，诺德新材料股份有限公司（以下简称"公司"）董事会就公司在任独立董事 蔡明星先生、肖晓兰女士及李炬先生的独立性情况进行评估并出具如下专项意见： 经核查以上三位独立董事的任职经历、签署的相关自查文件及公司股东名册 等材料，包括公司在内，上述人员兼任独立董事的境内上市公司数量未超过 3 家，未在公司担任除独立董事以外的任何职务，也未在公司主要股东公司担任任 何职务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其进行独立客 观判断的关系，不存在影响独立董事独立性的情况，符合《上市公司独立董事管 理办法》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》中对独 立董事独立性的相关要求。 ...

诺德新材料股份有限公司 关于公司 2025 年年度套期保值业务的公告 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。 重要内容提示： ● 交易目的、交易品种、交易工具、交易场所：根据诺德新材料股份有限 公司（以下简称"公司"）生产经营和发展需要，更好地规避和防范相关业务的 汇率风险，充分利用衍生品市场功能对冲原材料大幅波动风险。增强财务稳定， 锁定经营利润，提升企业经营水平，保障企业健康持续运行，公司（含控股子公 司）拟对相关项目涉及的有色金属铜、外汇在伦敦金属交易所、上海期货交易所、 新加坡证券交易所、香港交易及结算有限公司及金融机构开展套期保值业务。交 易品种限于铜、公司生产经营所使用的主要结算货币相同的币种，主要币种包括 美元等。 ● 交易金额：（1）有色金属套期保值业务：采销及生产业务开展保值总持 仓合约价值不超过人民币 31.5 亿或等值外币金额。保证金不超过人民币 6.3 亿 元或等值外币金额；（2）外汇套期保值业务：根据公司经营及业务需求情况， 该业务持仓合约价值不超过 10 亿元人民币或等值外币金额。保证金不超 ...