湖南科力远新能源股份有限公司 对外投资管理制度 第一章 总则 第一条 为了加强湖南科力远新能源股份有限公司（以下简称"公司"）对外投资活动 的内部控制，规范对外投资行为，防范对外投资风险，保障对外投资安全，提高对外投资效 益，根据《中华人民共和国公司法》、《上海证券交易所股票上市规则》以及《湖南科力远新 能源股份有限公司章程》（以下简称"《公司章程》"）等相关规定，制定本制度。 第二条 本制度所称对外投资是指公司为实现战略目标，扩大生产经营规模或实施新 技术、新产品，以获取投资收益或战略布局为目的，将现金、实物、无形资产、品牌、渠道 资源等可供支配的资源投向其他组织或个人的行为。它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、转让、项目资本增减等投出的在一年内不能随时变 现或不准备随时变现的各种长期投资以及公司购入的能随时变现且持有时间不超过一年（含 一年）的各种短期投资，包括各种股票、债券、基金等。 第三条 公司所有投资行为必须符合国家有关法规及产业政策，符合公司长远发展计 划和发展战略，有利于拓展主营业务，扩大再生产，有利于公司的可持续发展，有预期的投 资回报，有利于提高公司的整体 ...

每经AI快讯，11月18日，科力远公告，公司为鄂尔多斯市鸾星新能源科技有限公司在中信银行贷款本 金5.25亿元及相关的利息及实现债权费用等提供担保。 ...

Core Points - The company Kolyuan (SH 600478) announced that as of the date of the announcement, the total external guarantees provided by the company and its subsidiaries amount to approximately 5.662 billion yuan, with guarantees to subsidiaries totaling about 4.48 billion yuan, representing 206.08% and 163.06% of the company's latest audited net assets respectively [1][1][1] Financial Performance - For the first half of 2025, the revenue composition of Kolyuan is as follows: power batteries account for 30.14%, consumer batteries for 29.76%, nickel products for 13.66%, trading business for 9.26%, lithium battery materials for 7.0%, and energy storage revenue for 6.31% [1][1][1] Market Valuation - As of the report, Kolyuan's market capitalization stands at 12.8 billion yuan [1][1][1]

证券代码：600478 证券简称：科力远 公告编号：2025-086 湖南科力远新能源股份有限公司 关于为储能电站项目公司提供担保的公告 对外担保逾期的累计数量：无 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个别及连带责任。 公司及子公司对外担保总额超过最近一期经审计净资产 100%，且本次被 担保人资产负债率超过 70%，敬请投资者注意相关风险。 重要内容提示： 被担保人名称：鄂尔多斯市鸾星新能源科技有限公司（以下简称"鄂尔多 斯鸾星"）。 本次担保金额及已实际为其提供的担保余额： 鄂尔多斯鸾星与中信银行股份有限公司保定分行（以下简称"中信银行"） 签订《固定资产贷款合同》（以下简称"主合同"），贷款金额为 105,000 万元， 贷款期限自 2025 年 11 月 17 日至 2035 年 11 月 16 日。湖南科力远新能源股份有 限公司（以下简称"公司"）与中信银行签订《差额补足协议》，为鄂尔多斯鸾 星在主合同项下对中信银行未能履行的还款义务的 50%承担连带保证责任及差额 补足义务，即为贷款本金 52,500 万元及相关的 ...

Core Viewpoint - The stock of Kolyuan experienced a decline of 2.06% on November 10, with a trading volume of 4.93 billion yuan and a market capitalization of 12.691 billion yuan, despite a significant year-to-date increase of 84.50% [1] Company Overview - Kolyuan New Energy Co., Ltd. is located in Hunan Province and was established on January 24, 1998, with its stock listed on September 18, 2003. The company focuses on battery and material businesses, particularly in the nickel-hydride battery sector, and is expanding into lithium battery upstream supply chains [2] - The revenue composition of Kolyuan includes: 30.14% from power batteries and pole pieces, 29.76% from consumer batteries, 13.66% from nickel products, 9.26% from trade income, 7.00% from lithium materials, 6.31% from energy storage products, and 3.87% from other sources [2] Financial Performance - For the period from January to September 2025, Kolyuan achieved a revenue of 3.086 billion yuan, representing a year-on-year growth of 25.25%. The net profit attributable to shareholders reached 132 million yuan, marking a substantial increase of 539.97% [2] Shareholder Information - As of September 30, 2025, Kolyuan had 85,700 shareholders, a decrease of 17.04% from the previous period. The average number of circulating shares per shareholder increased by 20.54% to 19,427 shares [2] - The company has distributed a total of 89.324 million yuan in dividends since its A-share listing, with 24.983 million yuan distributed over the past three years [3] - Notable institutional shareholders include Hong Kong Central Clearing Limited and Harvest CSI Rare Earth Industry ETF, both of which are new entrants among the top ten circulating shareholders [3]

Core Viewpoint - The stock price of Kolyuan has increased significantly this year, with a notable rise in recent trading days, indicating strong market interest and performance in the battery and materials sector [2][3]. Group 1: Stock Performance - Kolyuan's stock price has risen by 94.43% year-to-date, with an 8.51% increase in the last five trading days, a 21.30% increase over the last 20 days, and a 40.38% increase over the last 60 days [2]. - As of November 6, the stock was trading at 8.03 CNY per share, with a market capitalization of 13.374 billion CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Kolyuan reported a revenue of 3.086 billion CNY, reflecting a year-on-year growth of 25.25%. The net profit attributable to shareholders was 132 million CNY, showing a remarkable increase of 539.97% [3]. - Cumulative cash dividends since the company's A-share listing amount to 89.324 million CNY, with 24.983 million CNY distributed over the last three years [4]. Group 3: Business Overview - Kolyuan, established in 1998 and listed in 2003, operates in the battery and materials sector, focusing on nickel-hydride batteries and expanding into lithium battery supply chains [2]. - The company's revenue composition includes 30.14% from power batteries, 29.76% from consumer batteries, 13.66% from nickel products, and 7.00% from lithium materials, among others [2]. - Kolyuan is categorized under the electric equipment and battery industry, with involvement in various concepts such as supercapacitors, energy storage, solid-state batteries, hydrogen energy, and battery recycling [2]. Group 4: Shareholder Information - As of September 30, 2025, Kolyuan had 85,700 shareholders, a decrease of 17.04% from the previous period, with an average of 19,427 circulating shares per shareholder, an increase of 20.54% [3]. - Notable new institutional shareholders include Hong Kong Central Clearing Limited and the Harvest CSI Rare Earth Industry ETF, holding 18.7572 million shares and 14.3275 million shares, respectively [4].

Group 1 - The stock of Kolyuan increased by 3.69% on November 5, closing at 7.87 yuan, with a significant block trade of 2.0597 million shares totaling 14.0883 million yuan [1] - The first transaction occurred at a price of 6.84 yuan for 2.0597 million shares, resulting in a premium rate of -13.09%, with the buyer being Guojin Securities and the seller being Shenwan Hongyuan Securities [1] - Over the past three months, Kolyuan has recorded three block trades with a total transaction value of 25.5912 million yuan, and in the last five trading days, the stock has risen by 10.38% despite a net outflow of 152 million yuan from main funds [1]

Core Insights - In the past 10 days (from October 22 to November 4), 747 companies were investigated by institutions, with securities companies conducting the most research at 710 firms, followed by fund companies at 635 firms [1] - Overseas institutions conducted research on 293 listed companies, with 11 companies receiving more than 15 investigations each [1] - Among the companies investigated by overseas institutions, Luxshare Precision had the largest net profit, followed by China General Nuclear Power, SF Holding, China National Nuclear Power, and Mindray Medical [1] - Eleven companies, including Boteng Co., Ltd., Chutian Technology, and SIRUI, reported a turnaround in performance [1] - Sixteen companies, such as Chuangjiang New Material and Sanyou Medical, saw their net profit increase by over 100% year-on-year [1] Company Performance - Chuangjiang New Material reported a net profit of 3.55 billion yuan, with a year-on-year increase of 2089.49% [3] - Sanyou Medical had a net profit of 0.62 billion yuan, reflecting a year-on-year increase of 623.19% [3] - Keli Yuan achieved a net profit of 1.32 billion yuan, with a year-on-year increase of 539.97% [3] - Diya Co., Ltd. reported a net profit of 1.03 billion yuan, with a year-on-year increase of 407.97% [3] - Duofluoride reported a net profit of 0.78 billion yuan, with a year-on-year increase of 407.74% [3] - Shenghong Technology had a net profit of 32.45 billion yuan, with a year-on-year increase of 324.38% [3] - New Yiqi reported a net profit of 63.27 million yuan, with a year-on-year increase of 284.38% [3] - Weicai Technology achieved a net profit of 2.02 billion yuan, with a year-on-year increase of 226.41% [3] - Chengdu Xian Dao reported a net profit of 0.93 billion yuan, with a year-on-year increase of 208.34% [3] - Narui Radar had a net profit of 0.73 billion yuan, with a year-on-year increase of 181.28% [3] - Runfeng Co., Ltd. reported a net profit of 8.90 million yuan, with a year-on-year increase of 160.49% [3] - Shanghai Jahwa reported a net profit of 4.05 billion yuan, with a year-on-year increase of 149.12% [3] - Dazhu CNC reported a net profit of 4.92 billion yuan, with a year-on-year increase of 142.19% [3] - Jizhi Co., Ltd. had a net profit of 0.32 billion yuan, with a year-on-year increase of 133.25% [3] - Tailin Micro reported a net profit of 1.40 billion yuan, with a year-on-year increase of 117.35% [3] - Yiyuan Communication had a net profit of 7.33 million yuan, with a year-on-year increase of 105.65% [3]

Core Viewpoint - Kolyuan's stock price has increased by 84.50% this year, with significant recent gains, indicating strong market performance and investor interest [2]. Company Overview - Kolyuan, established on January 24, 1998, and listed on September 18, 2003, is located in Hunan Province and specializes in battery and material businesses, focusing on nickel-hydride batteries and expanding into lithium battery supply chains [2]. - The company's revenue composition includes: 30.14% from power batteries and electrode sheets, 29.76% from consumer batteries, 13.66% from nickel products, 9.26% from trade income, 7.00% from lithium materials, 6.31% from energy storage products, and 3.87% from other sources [2]. Stock Performance - As of November 4, Kolyuan's stock price was 7.62 CNY per share, with a market capitalization of 12.691 billion CNY [1]. - The stock has seen a 17.59% increase over the last five and twenty trading days, and a 35.11% increase over the last sixty days [2]. Financial Performance - For the period from January to September 2025, Kolyuan reported a revenue of 3.086 billion CNY, reflecting a year-on-year growth of 25.25%, and a net profit attributable to shareholders of 132 million CNY, marking a significant increase of 539.97% [3]. - Cumulatively, Kolyuan has distributed 89.324 million CNY in dividends since its A-share listing, with 24.983 million CNY distributed over the last three years [4]. Shareholder Information - As of September 30, 2025, Kolyuan had 85,700 shareholders, a decrease of 17.04% from the previous period, with an average of 19,427 circulating shares per shareholder, an increase of 20.54% [3]. - Notable new institutional shareholders include Hong Kong Central Clearing Limited and Harvest CSI Rare Earth Industry ETF, holding 18.7572 million shares and 14.3275 million shares, respectively [4].

Core Viewpoint - 科力远 is a leading player in the nickel-hydrogen battery industry, holding unique core technology for large-scale production and a complete industrial chain for nickel-hydrogen batteries [1] Group 1: Business Performance - In Q3 2025, 科力远 reported revenue of 3.086 billion yuan, ranking 19th out of 31 in the industry, significantly lower than the top player 宁德时代 with 283.072 billion yuan and second-ranked 亿纬锂能 with 45.002 billion yuan [2] - The net profit for the same period was 88.31 million yuan, placing the company 16th in the industry, again far behind 宁德时代's 52.297 billion yuan and 亿纬锂能's 2.977 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, 科力远's debt-to-asset ratio was 70.56%, an increase from 65.77% year-on-year and above the industry average of 48.67% [3] - The gross profit margin for Q3 2025 was 14.97%, up from 13.49% year-on-year but still below the industry average of 17.44% [3] Group 3: Executive Compensation - The chairman, 张聚东, received a salary of 1.2368 million yuan in 2024, an increase of 306,100 yuan from 2023 [4] - The general manager, 潘立贤, earned 1.2751 million yuan in 2024, up by 42,900 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 17.04% to 85,700, while the average number of circulating A-shares held per shareholder increased by 20.54% to 19,400 [5] - Among the top ten circulating shareholders, 香港中央结算有限公司 entered as the eighth largest with 18.7572 million shares, and 嘉实中证稀土产业ETF became the ninth largest with 14.3275 million shares [5]