宁波杉杉股份（600884）有限公司2025年上半年营收98.58亿元，同比增长11.78%；归母净利润2.07亿 元，同比大幅增长逾10倍。公司表示，云南一体化生产基地完成石墨化工艺升级，自主研发的厢式炉工 艺在石墨化加工中成本优势显著，其通过大箱体提升负极材料有效容积，实现了装炉量增加和单位成本 下降，进一步降低石墨化加工成本，提升产品整体盈利水平。 本报讯(记者毛艺融)在锂电产业链上，"反内卷"成为行业共识。行业人士认为，锂电行业新需求不断释 放，人工智能数据中心(AIDC)、海外市场、储能市场、商用车电动化等都在带来市场增量。 业内人士认为，"反内卷"正推动锂电行业由盲目扩产转向质量和效率竞争，具备成本优势与技术积累的 企业率先受益。 在需求拉动下，龙头企业产能偏紧、出现扩产需求，锂电行业显现出即将走出周期底部的向好迹象。多 家公司在半年报中提出要"减无序扩张、提良率、控账期"，行业盈利修复已率先体现在负极材料环节。 浙江华友钴业（603799）股份有限公司2025年上半年营收371.97亿元，同比增长23.78%；归母净利润 27.11亿元，同比增长62.26%。公司依托镍、钴产业链一体化和产品结构 ...

Core Viewpoint - The article highlights the significant growth and strategic advancements of Sanyuan Co., particularly in the fields of negative materials and polarizers, amidst a recovering market for new energy materials and consumer electronics [4][6][9]. Financial Performance - In the first half of 2025, Sanyuan Co. achieved an operating income of 9.858 billion yuan, representing a year-on-year increase of 11.78% [5]. - The net profit attributable to shareholders reached 207 million yuan, a substantial increase of 1079.59% compared to the previous year [5]. - The net profit after deducting non-recurring gains and losses was 169 million yuan, up 605.24% year-on-year [5]. - The net cash flow from operating activities was 1.463 billion yuan, reflecting a growth of 111.60% [5]. Business Segments Negative Materials - Sanyuan Co. maintained its leading position in the artificial graphite negative materials market, with a shipment volume accounting for 21% of the total industry output [6]. - The company has made rapid breakthroughs in fast-charging and 6C+ products, catering to the increasing demand for charging efficiency in smartphones and wearable devices [6]. - New generation artificial graphite and silicon-carbon composite negative materials are being introduced to mainstream customers, addressing the high energy density and fast charging needs in the electric vehicle sector [6]. - The rise of the energy storage market presents new opportunities for negative materials, with Sanyuan's long-life energy storage negative products entering mass production [6]. Polarizer Business - The polarizer segment showed resilience with both sales volume and average price increasing in the first half of 2025, despite challenges such as currency fluctuations and intensified competition [9]. - In the LCD sector, Sanyuan Co. successfully positioned itself in the high-end television market with ultra-low reflection and high-transmittance products [9]. - The company has transitioned to stable mass production of full-size OLED TV polarizers, significantly increasing shipment volume year-on-year [9]. Strategic Partnerships and Innovations - Sanyuan Co. signed a strategic cooperation agreement with Chuangneng New Energy Co., with a collaboration amount exceeding 10 billion yuan, focusing on the core areas of power batteries and energy storage batteries [7]. - The company achieved key R&D breakthroughs in the first half of 2025, including mass production control technology for large particle graphite and the synthesis of porous carbon in silicon-carbon materials [8]. - An international project in Finland for producing 100,000 tons of negative materials has completed environmental assessments and is ready to commence, enhancing Sanyuan's supply capabilities in the European market [8].

Core Viewpoint - The lithium battery industry is experiencing a strong rebound in the first half of 2025, driven by the dual forces of global energy transition and electrification, with the anode material sector showing significant recovery and concentration improvement [1][2]. Industry Overview - The lithium battery industry has entered a new phase of "recovery and prosperity" in 2025, with a collaborative growth across the entire supply chain, moving away from the low point of 2024 [2][5]. - The demand for lithium battery core materials is witnessing a "volume and price increase" window, driven by the booming markets for electric vehicles and energy storage [3][4]. Market Dynamics - In the first half of 2025, global demand for anode materials continued to grow, with market prices stabilizing and structural optimization occurring within the sector [5]. - The market concentration is increasing, with leading companies leveraging their technological and production advantages to squeeze out smaller competitors [5][12]. Company Performance - Shanshan Co., Ltd. reported impressive financial results for the first half of 2025, achieving revenue of 9.858 billion yuan, a year-on-year increase of 11.78%, and a net profit attributable to shareholders of 207 million yuan, a staggering increase of 1079.59% [1][6]. - The company's anode business has become the core engine driving performance growth, while its polarizer business remains stable, supporting overall positive trends [6][8]. Competitive Advantages - Shanshan holds a leading market share of 21% in the artificial graphite anode materials sector, indicating strong competitive positioning [6]. - The company has successfully introduced new products such as fast-charging anodes and silicon-based anodes, enhancing its technological leadership [6][13]. - Strategic partnerships with major battery manufacturers like CATL and BYD have solidified Shanshan's customer base, ensuring stable sales and facilitating participation in technological advancements [7][10]. Policy Environment - The Chinese government has introduced multiple supportive policies for the lithium battery and energy storage industries, creating a favorable development environment for anode material companies [10][11]. - These policies are expected to stimulate demand for anode materials, further benefiting leading companies like Shanshan [10][11]. Global Expansion - Shanshan is actively pursuing global expansion, with a 100,000-ton anode material production project in Finland progressing well, aimed at serving the European electric vehicle and energy storage markets [11][12]. - The company has also signed strategic cooperation agreements to enhance its global supply chain and respond quickly to market demands [11][12]. Future Outlook - The lithium battery industry's high growth potential is expected to continue, with increasing demand for anode materials driven by the rising penetration of electric vehicles and ongoing energy storage installations [12][13]. - Shanshan's comprehensive advantages in technology, production capacity, customer relationships, and supply chain stability position it well to capitalize on the ongoing industry recovery [12][13].

Core Viewpoint - Ningbo Shanshan Co., Ltd. announced the lifting of the freeze on shares held by its controlling shareholder, Shanshan Group, and its concerted actor, Ningbo Pengze Trading Co., Ltd. [1][2] Group 1: Shareholder Information - The shares of 19,936,330 held by Pengze Trading were previously frozen by the Ningbo Intermediate People's Court but have now been released due to the withdrawal of the related case [1] - After the lifting of the freeze, Pengze Trading has a total of 53,544,756 shares frozen, which accounts for 26.09% of its total holdings and 2.38% of the company's total share capital [1] Group 2: Legal Proceedings - The Ningbo District Court has ruled for a substantive merger reorganization of Shanshan Group and Pengze Trading, appointing specific law and accounting firms as managers [2] - Together, Shanshan Group and Pengze Trading hold 525,561,456 shares, representing 23.36% of the company's total share capital [2] - The total number of shares that have been judicially frozen or marked amounts to 525,561,392, with 1,286,442,142 shares still under a pending freeze [2]

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-068 宁波杉杉股份有限公司 关于控股股东一致行动人部分股份解除轮候冻结的公告 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。 发布了《杉杉股份关于控股股东部分股份被冻结的公告》（临 2025-017），其中 公告了公司控股股东杉杉集团有限公司（下称"杉杉集团"）一致行动人宁波朋 泽贸易有限公司（下称"朋泽贸易"）所持公司 19,936,330 股股份被浙江省宁波 市中级人民法院轮候冻结的事项。 近日，公司获悉上述被轮候冻结的股份，因相关案件撤诉，已被解除轮候冻 结，现将有关事项公告如下： 一、本次股东股份解除轮候冻结的基本情况 股东名称 朋泽贸易 本次解除轮候冻结股份（股） 19,936,330 占其所持股份比例（%） 9.71 占公司总股本比例（%） 0.89 解除轮候冻结时间 2025 年 8 月 25 日 持股数量（股） 205,264,756 持股比例（%） 9.13 剩余被冻结/标记股份数量（股） 205,264,756 二、其他相关说明 浙江省宁 ...

高端产品持续突破 偏光片业务方面，公司继续稳居全球龙头地位。根据 CINNO Research 数据，2025 年上半年公司大尺寸 LCD 偏光片出货面积份额约 34%，LCD 电视用、显示器用偏光片市场份额均排名 上半年，偏光片行业需求温和增长，部分原材料因汇率波动成本上升，公司主动优化产品结构，高端化战略成效显著。同时，通过战略收购 SP 业务，公司进一步提升了在高端偏光片市场的竞 报告期内，公司偏光片销量稳健增长，产品均价同比提升，市占率持续保持全球领先。OLED偏光片、车载用偏光片等高附加值产品实现稳定出货，OLED TV偏光片出货量同比大幅提升。 公司在LCD偏光片领域保持稳定出货，并聚焦大尺寸、高端化产品的迭代升级。在OLED偏光片领域，产品覆盖大尺寸和中小尺寸两种应用场景，实现从技术突破到规模化供应的跨越。其中，OL 目前，公司在韩国、中国、日本、美国等全球多个国家已获得1000多项LCD 和OLED偏光片相关专利，其中已授权专利1832项（含境外专利1453项），包括发明专利1741项，实用新型专利87 通过严格的供应商认证，公司与京东方、华星光电、LG显示等全球领先的面板制造商构建起长期良好 ...

截至发稿，杉杉股份市值为262亿元。 每经AI快讯，杉杉股份（SH 600884，收盘价：11.66元）9月2日晚间发布公告称，2025 年 2 月 19 日， 宁波杉杉股份有限公司发布了《杉杉股份关于控股股东部分股份被冻结的公告》，其中公告了公司控股 股东杉杉集团有限公司（下称"杉杉集团"）一致行动人宁波朋泽贸易有限公司所持公司19,936,330股股 份被浙江省宁波市中级人民法院轮候冻结的事项。近日，公司获悉上述被轮候冻结的股份，因相关案件 撤诉，已被解除轮候冻结。 2024年1至12月份，杉杉股份的营业收入构成为：偏光片占比55.26%，负极材料占比43.88%，其他业务 占比0.86%。 （记者 曾健辉） 每经头条（nbdtoutiao）——人口流失、土地闲置的城市要不要撤并？专访国家发改委专家高国力：未 来不排除，目前没到这阶段 ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-068 宁波杉杉股份有限公司 关于控股股东一致行动人部分股份解除轮候冻结的公告 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 2 月 19 日，宁波杉杉股份有限公司（下称"公司"或"杉杉股份"） 发布了《杉杉股份关于控股股东部分股份被冻结的公告》（临 2025-017），其中 公告了公司控股股东杉杉集团有限公司（下称"杉杉集团"）一致行动人宁波朋 泽贸易有限公司（下称"朋泽贸易"）所持公司 19,936,330 股股份被浙江省宁波 市中级人民法院轮候冻结的事项。 近日，公司获悉上述被轮候冻结的股份，因相关案件撤诉，已被解除轮候冻 结，现将有关事项公告如下： 注："剩余被冻结/标记股份数量"未包含轮候冻结数量。本次解除轮候冻结后，朋泽 贸易累计被轮候冻结数量为 53,544,756 股，占其持有公司股份总数的 26.09%，占公司总股 本的 2.38%。 二、其他相关说明 1 股东名称 朋泽贸易 本次解除轮候冻结股份（股） 19,936,330 ...

Core Viewpoint - Ningbo Shanshan Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2025, driven by the growing demand for lithium batteries in the electric vehicle and energy storage markets [1] Group 1: Financial Performance - The company achieved an operating income of 9.858 billion yuan, representing a year-on-year growth of 11.78% [1] - The net profit attributable to shareholders reached 207 million yuan, showing a remarkable year-on-year increase of 1079.59% [1] Group 2: Market Dynamics - The demand for lithium batteries continues to grow rapidly, which has positively impacted the overall demand for anode materials [1] - As a leading player in the anode materials industry, the company has benefited significantly from this trend [1] Group 3: Strategic Positioning - The company has established deep partnerships with top global battery manufacturers to meet increasing customer demand [1] - Leveraging its technological advantages, the company maintains a leading market share in fast-charging products, with new silicon-carbon products and hard carbon anode materials achieving mass supply [1]

Core Viewpoint - The article highlights the financial performance and growth prospects of several companies in the display technology and materials sector, emphasizing their revenue growth and profitability despite challenges in the market. Group 1: Company Performance - Shanshan Co., Ltd. achieved a revenue of 9.858 billion yuan, a year-on-year increase of 11.78%, and a net profit of 207 million yuan, a significant increase of 1,079.59% [2][3] - Huaxing Yunchuang reported a revenue of 915 million yuan, up 9.27% year-on-year, with a net profit of 78.52 million yuan, reflecting a growth of 152.40% [6][7] - Jingzhida's revenue reached 444 million yuan, marking a 22.68% increase, while its net profit was 31 million yuan, down 19.94% [9][10] - Kaisheng Technology recorded a revenue of 2.765 billion yuan, a 24.70% increase, and a net profit of 51.51 million yuan, up 23.70% [12][13] Group 2: Business Segments and Innovations - Shanshan Co., Ltd. focuses on lithium battery anode materials and polarizer business, with stable shipments of high-value products like OLED polarizers [4][5] - Huaxing Yunchuang specializes in testing equipment and solutions for LCD and OLED displays, benefiting from a mild recovery in the consumer electronics industry [6][8] - Jingzhida is engaged in semiconductor testing equipment, with significant growth in its semiconductor business, which saw a revenue increase of 376.52% [9][10][11] - Kaisheng Technology's display materials business is showing positive trends, with key projects in large-size displays and flexible glass materials [12][13]