2025 年半年度业绩预告 （一）业绩预告期间 | 股票代码：603799 | 股票简称：华友钴业 公告编号：2025-076 | | --- | --- | | 转债代码：113641 | 转债简称：华友转债 | 浙江华友钴业股份有限公司 2025年半年度业绩预告 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： 本期业绩预告适用情形：实现盈利，且净利润与上年同期相比上升 50%以上。 经初步测算，浙江华友钴业股份有限公司（以下简称"公司"）预计 2025 年 半年度实现归属于母公司所有者的净利润 260,000.00 万元到 280,000.00 万元，同比 增加 55.62%到 67.59%；2025 年半年度实现归属于母公司所有者的扣除非经常性损 益的净利润 245,000.00 万元到 265,000.00 万元，同比增加 39.85%到 51.26%。 一、本期业绩预告情况 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年 ...

华友钴业（603799）公告，预计2025年半年度实现归属于母公司所有者的净利润26亿元到28亿元，同比 增加55.62%到67.59%。2025年半年度实现归属于母公司所有者的扣除非经常性损益的净利润24.5亿元到 26.5亿元，同比增加39.85%到51.26%。 ...

Investment Rating - The report maintains an "Accumulate" rating for the non-ferrous metals industry [2]. Core Views - The report highlights that the "anti-involution" policy is guiding a short-term strength in energy metals, while gold is under pressure due to rising U.S. Treasury yields and a stronger dollar [1]. - The report suggests that despite short-term fluctuations, the long-term bullish trend for gold remains intact due to central bank purchases and fiscal concerns [1]. - Industrial metals are experiencing mixed trends, with copper facing supply disruptions and aluminum entering a potential inventory accumulation phase [1]. Summary by Sections Weekly Data Tracking - The non-ferrous metals sector showed mixed performance this week, with varying price movements across different metals [10]. - The report notes that the overall non-ferrous metals index increased by 1.0%, with energy metals up by 1.0% and industrial metals up by 1.5% [16]. Industrial Metals - **Copper**: Global copper inventory increased slightly to 518,000 tons, with supply disruptions from MMG and Hudbay Minerals affecting logistics [1]. The copper price has seen fluctuations due to macroeconomic factors and demand-side pressures [1]. - **Aluminum**: The report indicates a potential inventory accumulation cycle, with production recovering in some regions while demand remains subdued [1]. Energy Metals - **Lithium**: The report notes a continued strength in lithium prices, driven by supply constraints and robust demand from electric vehicle sales [1]. The price of battery-grade lithium carbonate rose to 64,000 yuan/ton, reflecting a 1.5% increase [26]. - **Metal Silicon**: The report discusses a short-term upward trend in silicon prices due to production cuts and recovery expectations in polysilicon plants [1]. Key Stocks - The report recommends several stocks for investment, including Zijin Mining, Shandong Gold, and Luoyang Molybdenum, all rated as "Buy" [5]. Company Announcements - Zijin Mining announced an asset acquisition of the RG gold mine project, with a valuation of 1.2 billion yuan [34]. - Ganfeng Lithium completed the acquisition of Mali Lithium, enhancing its lithium resource integration strategy [34]. Price and Inventory Changes - The report provides detailed price movements for various metals, indicating that gold prices increased by 4.2% over the week, while copper prices saw a slight decline [21][23]. Market Trends - The report emphasizes the ongoing supply-demand dynamics in the non-ferrous metals market, with particular attention to the impact of macroeconomic indicators on metal prices [1].

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [4][106]. Core Views - The report highlights that copper prices are experiencing fluctuations due to the interplay of the 232 investigation and interest rate cut expectations, with recent price changes showing a mixed trend [5]. - The report emphasizes the importance of low inventory levels in supporting copper prices, while also noting the potential impact of the 232 copper import investigation and upcoming interest rate decisions by the Federal Reserve [5]. - The report suggests monitoring companies such as Zijin Mining, Luoyang Molybdenum, Jincheng Mining, and Western Mining for investment opportunities [5]. Summary by Sections 1. Industry Overview - The report provides insights into macroeconomic indicators, including U.S. employment data, which may influence market conditions [9]. - The non-ferrous metals sector's performance is analyzed, with the sector underperforming compared to the Shanghai Composite Index [11]. 2. Industrial Metals 2.1 Copper - Recent price movements show LME copper up by 0.25%, while SHFE copper is down by 0.24% [25]. - Inventory levels for copper have increased, indicating a potential shift in market dynamics [25]. 2.2 Aluminum - LME aluminum prices increased by 0.41%, with inventory levels also rising [35]. - The report notes a decrease in aluminum smelting profits, attributed to rising costs [35]. 2.3 Lead and Zinc - Lead prices have seen a slight increase, while zinc prices have decreased [48]. - Inventory levels for both metals are discussed, highlighting market supply conditions [48]. 2.4 Tin and Nickel - Tin prices have decreased slightly, while nickel prices have shown an upward trend [62]. - The report discusses profitability metrics for nickel producers in both domestic and international markets [62]. 3. Energy Metals 3.1 Lithium - Lithium prices have shown a slight rebound, with specific price changes noted for lithium carbonate and lithium spodumene [74]. - The report indicates that supply-side adjustments are anticipated, which may affect future pricing [74]. 3.2 Cobalt - Cobalt prices have increased domestically due to export bans from the Democratic Republic of Congo, which may create supply constraints [86]. - The report highlights the profitability of domestic cobalt refining operations [86].

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights that the import volume of tin from Myanmar has remained below the warning line of 10,000 tons for several months, leading to expectations of tight supply which may support tin prices [10][21] - Nickel prices have increased week-on-week, driven by traders' replenishment needs, with LME nickel spot settlement price reported at $15,120 per ton, up 0.6% from June 27 [21] - Cobalt prices have also risen, with electrolytic cobalt priced at 251,800 yuan per ton, up 0.6% from June 27, although downstream demand has not shown significant improvement [25][32] - The report notes a decrease in antimony ingot prices and production, with domestic antimony ingot average price at 192,500 yuan per ton, down 2.53% from June 26 [33][36] - Lithium carbonate prices have increased slightly, with the average market price at 62,300 yuan per ton, up 1.81% from June 27, but the market is expected to maintain a low-level fluctuation pattern [41][46] Summary by Sections Nickel Industry - Nickel prices have risen due to replenishment demand from traders, with LME nickel total inventory decreasing by 0.89% [21] - Domestic production costs for nickel smelters have increased significantly due to high CIF prices of Philippine nickel ore [21] - The report indicates that the suspension of production lines by Qingshan Holding Group may further impact local nickel mining in Indonesia [13][24] Cobalt Industry - Cobalt prices have increased, supported by the extension of a temporary export ban by the Democratic Republic of Congo, which accounts for about 75% of global electric vehicle battery supply [25][32] - Despite the price increase, downstream demand remains weak, with most manufacturers maintaining a just-in-time purchasing strategy [25][32] Antimony Industry - Antimony ingot prices have decreased, with a significant drop in production expected in July due to ongoing supply tightness [33][36] - The report suggests that domestic raw material supply remains tight, which may support future antimony prices [36] Lithium Industry - Lithium carbonate prices have seen a slight increase, but the market is still characterized by oversupply, with inventory pressures not effectively alleviated [41][46] - The report anticipates that lithium prices will continue to fluctuate at low levels due to ongoing supply-demand imbalances [41][46] Tin Industry - The report indicates that the import volume of tin from Myanmar is below the warning line, leading to expectations of tight supply which may support tin prices [10][21] - The overall supply situation is expected to remain tight due to slow recovery in Myanmar's tin mining operations [10][16] Rare Earth Industry - Following the recent US-China trade negotiations, China has partially relaxed its export controls on rare earths, which may alleviate some supply pressures for Western companies [15][19] - The report notes that the rare earth market is experiencing price increases driven by demand from major manufacturers, although actual transaction volumes remain low [9][15]

Market Overview - The solid-state battery concept sector declined by 2.26%, ranking among the top declines in concept sectors as of July 4 [1] - Notable declines within the sector included companies such as Xinyu Ren, Jinhai Galaxy, and Huasheng Lithium Battery, while 24 stocks within the sector saw price increases, with Limin Co., Wanxiang Qianchao, and Binglun Environment leading with gains of 5.83%, 5.44%, and 5.40% respectively [1] Capital Flow - The solid-state battery concept sector experienced a net outflow of 3.77 billion yuan, with 165 stocks seeing net outflows, and 9 stocks having outflows exceeding 100 million yuan [1] - Guoxuan High-Tech led the net outflow with 239 million yuan, followed by Daoshi Technology, Dadongnan, and Huayou Cobalt with outflows of 217 million yuan, 196 million yuan, and 186 million yuan respectively [1][2] - Conversely, the stocks with the highest net inflows included Ningde Times, Weilan Lithium, and SAIC Group, with net inflows of 232 million yuan, 183 million yuan, and 133 million yuan respectively [1] Stock Performance - The top decliners in the solid-state battery sector included Guoxuan High-Tech (-1.73%), Daoshi Technology (-6.13%), and Huayou Cobalt (-2.00%) [2] - Other notable declines were seen in companies such as Star Source Material (-3.97%), Yiwai Lithium Energy (-4.72%), and Xiangtan Electrochemical (-4.63%) [2][3] - The overall trading activity indicated a significant turnover rate, with some stocks like Dada Technology reaching a turnover rate of 12.61% [2]

Group 1 - The National Index for New Energy Vehicle Batteries (980032) has seen a strong increase of 2.02%, with key stocks such as CATL (300750) rising by 4.79% and Keda Li (002850) by 4.47% [1] - The Battery ETF (159755) has recorded a trading volume turnover of 4.27% and a transaction value of 146 million yuan, ranking first among comparable funds [1] - The latest scale of the Battery ETF has reached 3.389 billion yuan, marking a three-month high and also ranking first among comparable funds [1] Group 2 - The top ten weighted stocks in the National Index for New Energy Vehicle Batteries account for 65.51% of the index, with major companies including CATL (300750) and BYD (002594) [2] - In the first half of 2025, six major car manufacturers reported a total sales volume of 8.7929 million units, with wholesale sales of new energy passenger vehicles reaching 6.47 million units, a year-on-year increase of 38% [2] Group 3 - Solid-state batteries are recognized for their high energy density and safety, with applications expected to expand in various fields, including automotive and robotics [3] - The Battery ETF closely tracks the National Index for New Energy Vehicle Batteries, reflecting the market performance of listed companies in the new energy vehicle battery industry [3]

Core Viewpoint - The legal opinion letter confirms that the second extraordinary general meeting of shareholders of Zhejiang Huayou Cobalt Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legality and validity of the meeting and its resolutions [2][4][8]. Group 1: Meeting Procedures - The meeting was convened following the approval of the proposal to hold the second extraordinary general meeting by the company's sixth board of directors [5]. - The meeting notice was published on the Shanghai Stock Exchange website, detailing the time, location, convenor, voting methods, and agenda items, ensuring shareholders' rights to attend and vote [5][6]. - The actual time and location of the meeting matched the details provided in the notice, confirming compliance with legal and regulatory requirements [6][8]. Group 2: Attendance and Voting - A total of 2,797 shareholders attended the meeting, representing 556,613,350 shares, which is 33.1545% of the total shares with voting rights [6][7]. - The meeting included company directors, supervisors, senior management, and the witnessing lawyers, all of whom met the qualifications to attend [7]. - Voting was conducted through both on-site and online methods, with specific timeframes established for each [6][8]. Group 3: Voting Results - The voting results showed that 555,388,791 shares were in favor of the proposals, accounting for 99.7799% of the valid votes cast [8]. - The resolutions discussed at the meeting were classified as special resolutions, and the voting process adhered to the stipulated legal and regulatory frameworks [8]. - The legal opinion concludes that the voting procedures and results were legitimate and valid according to applicable laws and the company's governing documents [8][9].

Group 1 - The company announced the repurchase and cancellation of a total of 3,174,980 restricted shares due to various reasons including employee departures and unmet performance targets [1][2] - After the repurchase, the total number of shares will decrease from 1,701,522,003 to 1,698,347,023, and the registered capital will also reduce from RMB 1,701,522,003 to RMB 1,698,347,023 [2] - The company is notifying creditors that they have 45 days from the announcement date to claim debts or request guarantees due to the reduction in registered capital [2][3] Group 2 - Creditors must provide valid documentation to prove their claims, including contracts and agreements, and may submit claims via mail or email [3] - Specific requirements for corporate and individual creditors are outlined, including the need for identification and authorization documents when claims are submitted [3] - The company has provided contact information for creditors to submit their claims and inquiries [3]

关于回购注销部分限制性股票暨通知债权人的公告 | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2025-074 | | --- | --- | --- | | 转债代码：113641 | 转债简称：华友转债 | | 关于回购注销部分限制性股票暨通知债权人的公告 浙江华友钴业股份有限公司 关于回购注销部分限制性股票暨通知债权人的公告 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。 一、通知债权人的原由 浙江华友钴业股份有限公司（以下简称"公司"）于2025年7月2日召开2025年 第二次临时股东大会，审议通过了《关于变更注册资本并修订<公司章程>的议案》， 鉴于2023年限制性股票激励计划首次授予部分激励对象中，10人因不受个人控制 的岗位调动或公司裁员而离职、2人因退休而离职、59人因个人原因主动辞职、1 人因个人过错被公司解聘，同意对上述激励对象已获授但尚未解除限售的271,500 股限制性股票进行回购注销；此外，由于2023年限制性股票激励计划首次授予部 分第二个解除限售期公司层面业绩考核未达标，同意对该 ...