证券日报网讯12月18日，科达制造（600499）在互动平台回答投资者提问时表示，公司前期勘测区域未 发现具备商业开采价值的锂矿资源，相关内容已于2023年年报中提及。 ...

格隆汇12月18日丨科达制造(600499.SH)在投资者互动平台表示，公司前期勘测区域未发现具备商业开 采价值的锂矿资源。 ...

为进一步凝聚战略共识、提升经营效能，助力公司战略目标高效落地，科达制造股份有限公司于2025年12月5日在安徽生产基地成功组织《赋能式经营体 系》专题培训。来自安徽科达机电、安徽科达洁能、科达液压等子公司的中高层管理人员齐聚一堂，共同学习先进经营理念，探讨业务高质量增长的新路 径。 培训以"赋能式经营体系"为核心议题，特别邀请丹研会联合创始人及首席专家韩烨担任讲师。韩烨老师曾长期任职丹纳赫集团从事管理工作，深耕战略规 划与部署、经营管理体系搭建、研发与供应链管理、投资并购后业务体系导入与整合等领域，成功助力数十家小巨人、专精特新企业导入企业经营系统， 实现运营效率显著跃升。 在培训过程中，韩烨老师引导学员深入剖析丹纳赫成功模式的底层逻辑，系统掌握赋能式经营体系的全景框架、实用工具及落地方法论。通过案例复盘、 小组研讨等互动形式，管理层从经营思维升级与业务增长突破维度全面审视当前业务现状，围绕研产供销全链条开展深度研讨，着力打通业务环节中的关 键堵点与协同难点，为实现业务高效协同与高质量增长筑牢基础。 参与培训的学员表示，本次培训内容兼具系统性与实操性，既深化了对先进经营体系的认知，更启发了对自身业务的战略性思 ...

Core Viewpoint - Keda Manufacturing's stock has shown significant volatility, with a year-to-date increase of 73.55% and a recent decline in trading performance, indicating potential market fluctuations and investor sentiment shifts [1]. Group 1: Stock Performance - As of December 18, Keda Manufacturing's stock price was 13.20 CNY per share, with a market capitalization of 25.316 billion CNY [1]. - The stock experienced a net outflow of 8.978 million CNY in principal funds, with large orders showing a buy of 13.4792 million CNY and a sell of 27.4574 million CNY [1]. - Over the past 60 days, the stock has increased by 17.02%, while it has decreased by 3.86% in the last 20 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Keda Manufacturing reported a revenue of 12.605 billion CNY, reflecting a year-on-year growth of 47.19% [2]. - The net profit attributable to shareholders for the same period was 1.149 billion CNY, marking a year-on-year increase of 63.49% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Keda Manufacturing was 56,400, a decrease of 5.51% from the previous period [2]. - The average number of circulating shares per shareholder increased by 5.83% to 34,018 shares [2]. - Keda Manufacturing has distributed a total of 3.864 billion CNY in dividends since its A-share listing, with 2.299 billion CNY distributed in the last three years [3].

Group 1 - The report highlights that the building materials industry has shown a strong performance since 2025, particularly in fiberglass, cement, and refractory materials, benefiting from significant price increases and improved supply-demand dynamics [1][12][14] - The consensus on "anti-involution" among companies has led to supply reductions or maintenance, while structural demand growth is observed in specific segments such as specialty electronic fabrics in fiberglass and overseas market expansion in cement [1][12] - The report anticipates that the building materials industry will continue to present structural opportunities in 2026, with specific focus on segments like float glass, tiles, pipes, and sanitary ware, which are still in the process of bottoming out [1][12] Group 2 - The report indicates that the cement industry is expected to see a profit recovery in 2025, with the profit turning point occurring before revenue, driven by capacity management and a decrease in coal prices [5][6][12] - The overseas market for cement is highlighted as a key growth area, with significant projects expected to contribute to earnings in 2026, such as Huaxin Cement's project in Malawi and West Cement's project in Uganda [5][6][12] - The fiberglass sector is projected to experience significant profit recovery, with multiple rounds of price increases and expanding demand from downstream applications, particularly in wind energy and electric vehicles [5][6][12] Group 3 - The report notes that the float glass sector continues to face challenges, with high inventory levels and weak demand leading to price pressures, while the industry is expected to undergo a reshuffling due to cost differentiation [6][12][25] - The report emphasizes the importance of focusing on leading companies in the building materials sector that possess strong brand competitiveness, scale advantages, and well-established distribution channels to capture dual benefits of market share growth and profit improvement [6][12][25] - Investment recommendations include focusing on leading companies in various segments such as waterproof materials, coatings, pipes, and tiles, as well as cement companies with strong cash flow and dividend commitments [6][12][25]

Industry Overview - Graphite is a crucial anode material in lithium-ion batteries, characterized by high-temperature resistance, corrosion resistance, electrical conductivity, and thermal conductivity [1] - Graphite anode materials are categorized into natural and synthetic types, each with distinct performance, cost, and application scenarios [1][2] Production and Supply Chain - The upstream supply chain includes raw material suppliers like natural graphite mines and carbon materials for synthetic graphite, while the midstream consists of manufacturers of graphite anode materials, and the downstream includes various battery producers [5][8] - China's natural graphite production reached 91 million tons in 2023, with a projected increase to approximately 95 million tons in 2024 [15] Market Trends - The market share of synthetic graphite anode materials has been increasing, with over 90% of the total anode material shipments being synthetic by mid-2025 [25] - The total output of graphite anode materials in China is expected to exceed 200 million tons by 2024, with a growth rate of 26% [24] Competitive Landscape - Leading companies in the graphite anode materials sector include BETTERI, Sanyuan, and others, with BETTERI's revenue from graphite-related business exceeding 10 billion yuan [29] - The industry is concentrated in regions like Guangdong, Shanghai, and Zhejiang, with many representative companies located in Guangdong [30] Future Outlook - The demand for graphite anode materials is anticipated to surge, particularly driven by the growth in electric vehicle batteries and energy storage systems, with projections indicating that shipments could exceed 5 million tons by 2030 [36][37] - The industry is expected to see further innovation and consolidation, with leading firms investing in high-end synthetic graphite and other advanced materials [34]

证券日报网12月5日讯科达制造（600499）在12月5日回答调研者提问时表示，在产能设施整体规划方 面，蓝科锂业目前暂无产能拓展计划；但其在回收率等关键指标上仍有提升潜力，后续将重点围绕产品 质量精进与生产效率优化推进相关工作。 ...

Core Viewpoint - The company, Keda Manufacturing (600499), reported strong revenue growth in its consumables segment during the first three quarters of the year, with an increasing share from the ceramic machinery business and sustained growth in the ink business [1] Group 1 - The consumables revenue achieved good growth in the first three quarters of the year [1] - The ceramic machinery business segment is gradually increasing its share of total revenue [1] - The ink business continues to maintain a good growth rate [1] Group 2 - Future growth is expected as the Turkish production base, KAMI ink factory, ramps up its production capacity [1] - Continuous expansion of service outlets and marketing networks is anticipated to support the steady development of the consumables business, including the ink segment [1]

证券日报网12月5日讯科达制造（600499）在12月5日回答调研者提问时表示，目前，公司仍有南美秘鲁 玻璃项目正在建设中，预计于明年投产。此外，公司现金流及融资结构的优化，为公司在平衡经营拓展 以及负债率方面提供了更为灵活的施展空间。后续，公司将持续关注各地区城镇化进程中的建材产品需 求，结合现有销售渠道的可复用性、品牌属性的赋能效果等，积极寻求产能布局的机会。 ...

证券日报网12月5日讯 科达制造（600499）在12月5日回答调研者提问时表示，公司始终高度重视股东 回报，并致力于与股东共享发展成果。2024年度，公司现金分红比例约37%，叠加当期股份回购金额 后，两者合计比例达61.99%。未来，公司将继续秉持稳健、可持续的分红政策，综合考虑经营情况、 战略规划以及海外建材业务资本开支需求等，在优先保障经营发展的情况下，争取实现分红比例的稳健 提升，力求为股东创造长期、稳定的投资回报。 ...