凌云工业股份有限公司 关于控股股东发行可交换公司债券事宜获得 中国兵器工业集团有限公司批复的公告 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。 证券代码：600480 证券简称：凌云股份 编号：2025-076 凌云集团本次可交换公司债券发行尚需向上海证券交易所提交申请，最终 发行方案将根据发行时的市场状况确定。公司将严格按照相关监管规定，密切 关注凌云集团本次可交换公司债券发行进展，并依法履行信息披露义务。 特此公告。 凌云工业股份有限公司董事会 2025 年 12 月 17 日 近日，凌云工业股份有限公司（以下简称"公司"）收到控股股东北方凌 云工业集团有限公司（以下简称"凌云集团"）转来的中国兵器工业集团有限 公司（以下简称"兵器集团"）《关于北方凌云工业集团有限公司以所持凌云 工业股份有限公司 A 股股票为标的非公开发行可交换公司债券的批复》（兵器 改革字〔2025〕444 号），兵器集团同意凌云集团以所持公司 A 股股票为标的 非公开发行不超过 5 亿元（不含 5 亿元）可交换公司债券的方案。 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8 层、9 层、11 层 8/9/11F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 法律意见书 北京市康达律师事务所 关于凌云工业股份有限公司 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于凌云工业股份有限公司 2025 年第二次临时股东会的法律意见书 康达股会字 2025 第 0521 号 二〇二五年十二月 1 2025 年第二次临时股东会的法律意见书 康达股会字 2025 第 0521 号 致：凌云工业股份有限公司 北京市康达律师事务所（以下简称"本所"）接受凌云工业股份有限公司（以 下简称"公司"）的委托，指派本所律师出席公司 2025 年 ...

证券代码：600480 证券简称：凌云股份 公告编号：2025-075 凌云工业股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： 2、 公司董事会秘书列席了本次会议；公司高管列席了本次会议。 二、 议案审议情况 一、 会议召开和出席情况 （一）股东会召开的时间：2025 年 12 月 16 日 （二）股东会召开的地点：河北省涿州市松林店镇 凌云工业股份有限公司 会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 580 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 473,271,955 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 38.7178 | （四）表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长罗开全主持，以现场投票及网络投票 方式进行表决。会议的召开符合《公 ...

Core Insights - The news highlights a significant breakthrough in the commercialization of L3-level autonomous driving in China, with the Ministry of Industry and Information Technology officially granting the first conditional licenses for L3 autonomous vehicles [1][3]. Group 1: Market Activity - Several companies in the autonomous driving sector saw their stock prices surge, with Hanxin Technology reaching a 30% limit up, and other companies like Wanjie Technology and Zhejiang Shibao also hitting their daily limits [1]. - The market enthusiasm is driven by the recent regulatory approval for L3-level autonomous vehicles, indicating a shift from testing to commercial application [1]. Group 2: Regulatory Developments - The Ministry of Industry and Information Technology has approved two models for L3-level autonomous driving, which will operate in designated areas of Beijing and Chongqing, marking a critical step towards commercial deployment [1][3]. - The L3-level autonomous driving classification allows vehicles to take over driving tasks under specific conditions, although drivers must remain alert and ready to take control [1][2]. Group 3: Industry Competition - Major automotive companies are competing to establish timelines for mass production of L3 vehicles, with many setting 2025-2026 as a crucial period for development [3][4]. - Companies like GAC Group and Huawei are actively testing their L3 technologies in major cities, preparing for commercial launch [4]. Group 4: Policy and Infrastructure - The recent policy changes have facilitated the expansion of testing areas for autonomous vehicles, with cities like Shanghai and Beijing designating extensive road networks for trials [3]. - The ethical guidelines released by the Ministry of Science and Technology further clarify responsibility in case of accidents, which is essential for the industry's growth [3]. Group 5: Investment Opportunities - The news lists several companies involved in the autonomous driving sector, providing insights into their market capitalization and stock performance, indicating potential investment opportunities [6].

Core Insights - The article emphasizes the critical role of battery cell shells as protective structures for internal electrochemical materials, highlighting their importance in safety, sealing, heat dissipation, and resistance to internal expansion [1][2] - The market for battery cell shells is projected to reach approximately 28.1 billion yuan in 2024 and is expected to grow to 37.4 billion yuan by 2025, driven by the demand from electric vehicles, energy storage, and consumer electronics [1][7] Industry Overview - Battery cell shells serve as the "armor" for cells, protecting key components like the anode, cathode, separator, and electrolyte from physical damage and environmental factors [2][4] - The industry chain is tightly interconnected, with upstream materials primarily consisting of aluminum, steel, and emerging composite materials, while leading manufacturers like Keda Li and Zhenyu Technology dominate the midstream production [4][5] Market Dynamics - The demand for battery cell shells is characterized by a dominant focus on power batteries, a rapidly growing energy storage sector, and stable support from consumer electronics [5][6] - In 2025, the domestic power battery installation volume is expected to reach 578.0 GWh, marking a significant year-on-year increase of 42.4%, with lithium iron phosphate batteries accounting for over 80% of this growth [5][6] Competitive Landscape - The Chinese battery cell shell industry is highly concentrated, with the top five companies holding over 42% market share. Keda Li and Zhenyu Technology form the first tier, closely linked with major battery manufacturers like CATL and BYD [8][10] - The second tier includes companies like Sileck and Lingyun, which focus on specific technologies and partnerships to expand their market presence [8][10] Development Trends - The industry is expected to evolve towards extreme safety, material innovation (such as composite materials), and higher integration with battery systems, with a shift from precision manufacturing to providing integrated solutions [11][14] - The introduction of stringent safety standards, such as GB 38031-2025, is driving fundamental changes in materials and design, pushing for innovations in composite materials that enhance safety and reduce weight [11][12][13]

Group 1 - The core viewpoint of the article highlights that Lingyun Co., Ltd. (600480) is focusing on the development of force sensors towards low cost, high precision, and intelligence [1] - The industry is experiencing a common trend of cost reduction due to technological advancements and the expansion of industrial scale [1] - The company is committed to continuous cost optimization through modular design and automated production methods [1]

凌云工业股份有限公司 2025年第二次临时股东会 凌 云 工 业 股 份 有 限 公 司 600480 2025 年第二次临时股东会 会议资料 二零二五年十二月 三、现场会议地点：凌云工业股份有限公司会议室 四、会议主持：董事长罗开全 五、参会人员：股东及股东代表、董事、高级管理人员、公 司聘请的律师 凌云工业股份有限公司 2025年第二次临时股东会 2025 年第二次临时股东会议程 一、现场会议时间：2025年12月16日14:00 二、网络投票时间：采用上海证券交易所网络投票系统，通 过交易系统投票平台的投票时间为股东会召开当日的交易时间 段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东会召开当日的 9:15-15:00。 六、会议议程： （一）主持人宣布会议开始 （二）介绍参加会议的股东及股东代表、董事、高管人员、 律师 （三）审议会议议题 1. 关于聘任 2025 年度审计机构的议案； 2. 关于 2026 年度日常关联交易预计情况的议案； 3. 关于部分募投项目结项及结项剩余资金永久性补充流动 资金的议案。 （四）会议进行投票表决 1. ...

Core Viewpoint - Lingyun Co., Ltd. has shown a significant increase in stock price and trading activity, indicating positive market sentiment and potential growth in the automotive parts sector [1][2]. Financial Performance - For the period from January to September 2025, Lingyun Co., Ltd. achieved a revenue of 14.07 billion, representing a year-on-year growth of 5.41%. The net profit attributable to shareholders was 588 million, reflecting a year-on-year increase of 17.47% [2]. Stock Performance - As of December 4, Lingyun's stock price increased by 51.91% year-to-date, with a recent 5-day increase of 4.66%. However, the stock has seen a decline of 7.26% over the past 20 days and 9.55% over the past 60 days [1]. - The stock's trading volume on December 4 reached 1.56 billion, with a turnover rate of 1.08% and a total market capitalization of 14.83 billion [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 20.56% to 55,900, while the average circulating shares per person decreased by 17.05% to 21,547 shares [2]. - The company has distributed a total of 1.689 billion in dividends since its A-share listing, with 837 million distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included notable funds, with the fourth largest being Yongying Advanced Manufacturing Mixed Fund, holding 23.14 million shares, a decrease of 3.46 million shares from the previous period [3].

Core Viewpoint - Lingyun Industrial Co., Ltd. announced an internal restructuring of its subsidiaries, merging Shanghai Yada Plastic Products Co., Ltd. with Beijing Jingran Lingyun Gas Equipment Co., Ltd. to enhance operational efficiency and reduce costs [1][3] Summary by Sections Merger Details - The merger will see Shanghai Yada Plastic as the surviving entity, inheriting all assets, liabilities, and rights of Beijing Jingran, which will lose its independent legal status [1] - Shanghai Yada Plastic was established in 1993 with a registered capital of 100 million yuan, focusing on municipal pipeline products, and reported total assets of 2.78 billion yuan and a net profit of 2.30 million yuan for 2024 [1] - Beijing Jingran, founded in 2016 with a registered capital of 50 million yuan, specializes in municipal pipeline ball valve products, with total assets of 1.29 billion yuan and a net profit of 3.22 million yuan for 2024 [2] Shareholding Structure - The direct shareholders of Shanghai Yada Plastic include Lingyun Co. (30%), Australia George Fischer Industrial Pipeline Systems Co., Ltd. (30%), and a subsidiary of Lingyun Co. (40%) [2] - Beijing Jingran is equally owned by Lingyun Co. and Switzerland George Fischer Industrial Pipeline Systems Co., Ltd. [2] - The merger does not change the ultimate control or equity structure, as both companies are ultimately held by the same shareholders in equal proportions [2] Purpose of the Merger - The merger aims to leverage the advantages of Shanghai's municipal pipeline product development and manufacturing, streamline management, and reduce operational costs to promote high-quality development [3] - The company views this merger as an internal restructuring of controlled assets and liabilities, which will not materially affect the overall economic benefits reflected in the consolidated financial statements [3]

Core Points - Lingyun Co., Ltd. announced the completion of its lightweight components research and production project for electric vehicles, which has reached the predetermined usable status [1] - The company plans to conclude this project and allocate the remaining raised funds of 10.1218 million yuan to permanently supplement its working capital for daily operations [1]