江苏鼎胜新能源材料股份有限公司 2025 年第三季度报告 证券代码：603876 证券简称：鼎胜新材 江苏鼎胜新能源材料股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 6,289,936,076.84 | 2.58 | 1 ...

Group 1 - The core point of the article highlights that Ding Sheng New Materials has reported a total external guarantee balance of approximately 2.939 billion yuan, which accounts for 44.06% of the company's latest audited net assets [1][1][1] - For the year 2024, the revenue composition of Ding Sheng New Materials is primarily from non-ferrous metal aluminum rolling, which constitutes 95.57% of total revenue, while other businesses account for 4.43% [1][1][1] - As of the report date, the market capitalization of Ding Sheng New Materials stands at 10.1 billion yuan [1][1][1]

证券代码：603876 证券简称：鼎胜新材 公告编号：2025-089 担保对象及基本情况 担 保 对 象一 被担保人名称 欧洲新能源铝质轻合金材料有限责 任公司（以下简称"欧洲轻合金"） 本次担保金额 157.73 万欧元 实际为其提供的担保余额 0.00 万元 是否在前期预计额度内 是 □否 □不适用：_________ 本次担保是否有反担保 □是 否 □不适用：_________ 担 保 对 象二 被担保人名称 Slim Aluminium S.p.A.（以下简称 "Slim 铝业"） 本次担保金额 37,000.00 万元 实际为其提供的担保余额 34,114.66 万元 是否在前期预计额度内 是 □否 □不适用：_________ 累计担保情况 | 截至本公告日上市公司及其控股 | 293,857.04 | | --- | --- | | 对外担保逾期的累计金额（万元） 子公司对外担保总额（万元） | 0.00 | 江苏鼎胜新能源材料股份有限公司 关于为境外控股子公司提供担保的公告 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 ...

Core Viewpoint - The company, Ding Sheng New Materials (603876.SH), has not yet initiated research and development in aluminum-ion battery materials as of the current date [1] Company Summary - Ding Sheng New Materials has confirmed through its investor interaction platform that it has not started any R&D activities related to aluminum-ion battery materials [1]

人民财讯10月21日电，鼎胜新材（603876）10月21日在互动平台称，截至目前，公司未开展铝离子电池 材料方面的研发。 ...

10月13日，鼎胜新材跌5.22%，截至发稿，报10.71元/股，成交5389.63万元，换手率0.54%，总市值 99.52亿元。 资料显示，江苏鼎胜新能源材料股份有限公司位于江苏镇江京口经济开发区，成立日期2003年8月12 日，上市日期2018年4月18日，公司主营业务涉及铝板带箔的研发、生产与销售业务。主营业务收入构 成为：铝箔产品85.57%，铝板带12.80%，其他1.64%。 从基金十大重仓股角度 数据显示，中加基金旗下1只基金重仓鼎胜新材。中加量化研选混合A（014691）二季度持有股数9.53万 股，占基金净值比例为2.8%，位居第二大重仓股。根据测算，今日浮亏损失约5.62万元。 中加量化研选混合A（014691）成立日期2022年4月11日，最新规模1997.36万。今年以来收益30.35%， 同类排名3175/8234；近一年收益38.58%，同类排名1915/8083；成立以来收益23.81%。 中加量化研选混合A（014691）基金经理为钟伟。 截至发稿，钟伟累计任职时间11年344天，现任基金资产总规模3.27亿元，任职期间最佳基金回报 23.97%， 任职期间最差基金回报0.3 ...

Core Insights - Hangzhou has achieved the top position in the "2025 China Private Enterprises 500 Strong" rankings across five categories, including manufacturing, services, R&D investment, and invention patents [1][3]. Group 1: Rankings Overview - Hangzhou leads the nation in the number of companies listed in the "2025 China Private Enterprises 500 Strong" across all five categories [1]. - The threshold for inclusion in the "2025 Private Enterprises R&D Investment 500" list was set at 465 million yuan, with 36 companies from Hangzhou making the list, representing 7.20% of the national total and 37.89% of Zhejiang province [1][3]. - For the "2025 Private Enterprises Invention Patents 500" list, the entry requirement was 187 patents, with 42 companies from Hangzhou included, accounting for 8.40% of the national total and 36.52% of Zhejiang province [1][3]. Group 2: Notable Companies - Key companies from Hangzhou that made it to the "2025 Private Enterprises R&D Investment 500" list include Alibaba (China) Co., Ltd., Zhejiang Geely Holding Group Co., Ltd., and Ant Technology Group Co., Ltd. [3][4]. - The "2025 Private Enterprises Invention Patents 500" list features companies such as Alibaba (China) Co., Ltd., Ant Technology Group Co., Ltd., and Zhejiang Dahua Technology Co., Ltd. [7][9].

Core Viewpoint - The article reviews the performance of battery aluminum foil companies in the first half of 2025 and forecasts the industry's future, highlighting challenges such as high concentration in demand and declining processing fees impacting profitability [2][12][29]. Production and Supply - The total production of battery aluminum foil from January to August 2025 reached 317,000 tons, marking a 37% year-on-year increase [3]. - The expected total production for the year is close to 500,000 tons, with effective domestic production capacity at 869,000 tons, where Ding Sheng New Materials holds a 32% market share [5][7]. - The industry shows signs of idle capacity, particularly among newer entrants, while leading players maintain higher utilization rates [9][10]. Financial Performance - Key companies' financial results for the first half of 2025 show varied performance, with Ding Sheng New Materials reporting a revenue of 13.314 billion and a net profit of 188 million, reflecting a 2% increase [11]. - Other companies like Wan Shun New Materials and Jin Yu Co. faced significant declines in revenue and profits, indicating a challenging environment for battery aluminum foil manufacturers [12][14]. Market Dynamics - The demand for battery aluminum foil is highly concentrated, with two major battery cell manufacturers accounting for over 50% of total procurement, leading to increased bargaining power and pressure on profit margins for aluminum foil companies [11]. - The processing fee structure for battery aluminum foil is primarily determined by the price of electrolytic aluminum and the processing fee, with the latter being the main area for price negotiation [16][17]. Future Outlook - The forecast for 2026 anticipates a domestic demand for battery aluminum foil between 650,000 to 700,000 tons, while effective production capacity is expected to reach 921,000 tons [18][19]. - The article suggests that the industry may not see a significant recovery in processing fees in the near term, as the supply-demand balance is expected to stabilize over time [22][29]. - The competitive landscape indicates that while some smaller players may exit the market due to declining processing fees, larger companies with substantial resources are likely to remain resilient [24][27].

Group 1 - The industrial metal sector increased by 0.43% on September 26, with Jingyi Co., Ltd. leading the gains at 10% [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] - Key stocks in the industrial metal sector showed significant price movements, with Jingyi Co., Ltd. closing at 14.85 and a trading volume of 285,000 shares, resulting in a transaction value of 409 million yuan [1] Group 2 - The industrial metal sector experienced a net outflow of 293 million yuan from institutional investors, while retail investors saw a net outflow of 60.1 million yuan [2] - The sector attracted a net inflow of 354 million yuan from speculative funds [2] - Specific stocks like Luoyang Aluminum and Baiyin Nonferrous Metals had notable net inflows from institutional investors, while others like Lida New Materials faced significant outflows from retail investors [3]

Group 1 - The Eurasian Economic Commission has announced a five-year anti-dumping duty on aluminum foil originating from China, effective from September 25, 2025 [1] - The specific anti-dumping rates are set at 19.52% for Xiamen Shashun Aluminum Foil Co., Ltd., 17.16% for Shanghai Shenhuo Aluminum Foil Co., Ltd., and 20.24% for Jiangsu Dingsheng New Energy Materials Co., Ltd. and other Chinese producers [1] - The announcement also includes a recommendation to approve the price commitment proposed by Xiamen Shashun Aluminum Foil Co., Ltd. [1]