国浩律师（上海）事务所 关 于 宁波容百新能源科技股份有限公司 2020 年限制性股票激励计划 回购注销部分限制性股票相关事项的 法律意见书 上海市北京西路 968 号嘉地中心 23-25 楼 邮编：200041 23-25th Floor, Garden Square, No. 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）和《科 创板上市公司自律监管指南第 4 号——股权激励信息披露》（以下简称"《监管 指南》"）等法律法规及规范性文件的相关规定，按照《律师事务所从事证券法 律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》的要求，按 照律师行业公认的业务标准、道德规范和勤勉尽责精神，就公司回购注销本次激 励计划部分第一类限制性股票（以下简称"本次回购注销"）的有关事项出具本 法律意见书。 2024 年 10 月 ...

证券代码：688005 证券简称：容百科技 公告编号：2024-069 宁波容百新能源科技股份有限公司 （一）信用减值损失 公司以预期信用损失为基础，参考历史信用损失经验，结合当前状况及对未 来经济状况的预测，以单项或组合的方式对应收账款及其他应收款等预期信用损 单位：人民币万元 项目 计提金额 备注 信用减值损失 1,062.42 应收账款坏账准备、其他 应收款坏账准备 资产减值损失 6,991.51 存货跌价准备、固定资产 减值准备、商誉减值准备 合计 8,053.93 失进行测试及估计。经测试，2024 年前三季度需计提信用减值损失金额共计人 民币 1,062.42 万元。 （二）资产减值损失 关于计提资产减值准备的公告 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、准确性和完整性依法承担法律责任。 宁波容百新能源科技股份有限公司（以下简称"公司"）根据《企业会计准 则》和相关会计政策，基于谨慎性原则，对合并报表范围内截至 2024 年 9 月 30 日的各项资产进行了充分分析和评估，并根据结果对其中存在减值迹象的资产相 应计提了减值准备，现将相关 ...

证券代码：688005 证券简称：容百科技 公告编号：2024-068 宁波容百新能源科技股份有限公司 关于变更公司类型并办理工商变更登记的公告 根据《中华人民共和国外商投资法》的规定和《国家市场监管总局关于贯彻 落实〈外商投资法〉做好外商投资企业登记注册工作的通知》（国市监注[2019]247 号）的要求，公司拟向市场监督管理部门申请办理工商变更登记，将公司企业类 型由"股份有限公司（中外合资、上市）"变更为"股份有限公司（外商投资、 上市）"，其他信息保持不变。公司董事会授权公司管理层向工商登记机关申请 办理后续工商变更相关事宜。上述变更内容最终以市场监督管理部门核准的内容 为准。 特此公告。 宁波容百新能源科技股份有限公司董事会 2024 年 10 月 30 日 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、准确性和完整性依法承担法律责任。 宁波容百新能源科技股份有限公司（以下简称"公司"）于2024年10月29日 召开第三届董事会第二次会议，审议通过了《关于变更公司类型并办理工商变更 登记的议案》，具体内容如下： 一、变更公司类型的相关情况 ...

公 司 研 究 2024 年 08 月 09 日 公司点评 买入/上调 容百科技(688005) 目标价: 昨收盘:22.20 容百科技 2024 年半年报业绩点评：Q2 业绩环比大幅改善，新业 务及海外布局持续推进 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|---------------------------------|------------------|----------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------|------- ...

电力设备 | 证券研究报告 — 调整盈利预测 2024 年 8 月 14 日 688005.SH 增持 原评级：增持 市场价格:人民币 22.00 板块评级:强于大市 股价表现 (%) 今年 1 3 12 (60%) (48%) (36%) (24%) (12%) 0% Aug-23Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Apr-24May-24Jun-24Jul-24Aug-24 容百科技 上证综指 至今 个月 个月 个月 绝对 (43.6) (3.3) (28.1) (59.3) 相对上证综指 (40.4) 0.2 (19.2) (49.2) | --- | --- | --- | |-------------------------------|------------|-----------| | | | | | 发行股数 ( 百万 ) | | 483.03 | | 流通股 ( 百万 ) | | 315.45 | | 总市值 ( 人民币 百万 ) | | 10,626.65 | | 3 个月日均交易额 ( 人民币 | 百万 ) | 167.26 | | 主要股东 | | ...

财务摘要 容百科技(688005) 报告日期：2024 年 08 月 12 日 24Q2 实现扭亏为盈，24Q3 排产有望逐季提升 ——2024 上半年业绩点评 投资事件 2024 年上半年，公司实现营业收入 68.88 亿元，同比下降 46.58%；归母净利润 1027.79 万元，同比下降 97.29%。其中第二季度，公司实现营业收入 31.96 亿 元，同比下降 29.39%；归母净利润 4,751.95 万元，环比扭亏为盈。 投资要点 ❑ 全球三元市占率保持第一，24Q3 排产有望继续提升 2024 年上半年，公司三元正极材料销量 5.3 万吨，同比增长近 17%，全球市占率 达 11%，维持全球第一；其中第二季度，公司三元正极材料销量 2.65 万吨，同比 增长 37.4%，远超行业增速。2024 年上半年，公司高镍三元正极材料国内市场份 额近 40%，同比增长 5 个百分点，龙头地位进一步巩固。三季度排产方面，7 月 份销量 1 万吨以上，公司预计 8 月和 9 月订单都有望保持在 1 万吨以上。 ❑ 海外客户占比大幅提升，韩国基地稳步推进 出货方面，2024 年上半年，公司海外客户销量占比 17 ...

Investment Rating - The report maintains a "Buy-B" rating for the company, indicating an expected investment return exceeding 15% over the next six months compared to the CSI 300 index [1][8]. Core Views - The company reported a revenue of 6.888 billion yuan for the first half of 2024, a year-on-year decrease of 46.58%, primarily due to declining raw material prices affecting product pricing [1]. - The net profit attributable to shareholders was 0.1 billion yuan, down 97.29% year-on-year, with a significant drop in key financial metrics [1]. - The company achieved a turnaround in Q2 2024, reporting a net profit of 0.48 billion yuan, compared to a loss in Q1 2024 [1]. - Strategic investments exceeding 90 million yuan were made in precursor materials, manganese iron lithium, and sodium batteries, with expectations for improved profitability in the second half of 2024 as production ramps up [1][3]. Financial Performance - For Q2 2024, the company achieved revenue of 3.196 billion yuan, a year-on-year decrease of 23.39% and a quarter-on-quarter decrease of 13.43% [1]. - The company's main product sales volume reached 54,900 tons in H1 2024, a year-on-year increase of 18.17%, maintaining a leading market share in high-nickel ternary materials [1][3]. - The company’s R&D expenses increased by 49.07% year-on-year to 179 million yuan, reflecting efforts to maintain technological leadership and expand the R&D team [1][3]. Global Expansion - In H1 2024, overseas customer sales accounted for 17% of total sales, a significant increase of 16 percentage points year-on-year [3]. - The company is expanding its production capacity in South Korea, with plans for a total of 100,000 tons/year for ternary materials and 20,000 tons/year for phosphates [3]. - The company has completed the acquisition of a factory in Poland and is progressing with site selection for a North American facility [3]. Profit Forecast - The profit forecast for 2024-2026 has been revised downwards, with expected net profits of 215 million yuan, 481 million yuan, and 730 million yuan respectively, reflecting ongoing investments in new business areas [2][4].

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 27.32 CNY, compared to the current price of 22.77 CNY [1]. Core Insights - The company reported a revenue of 6.888 billion CNY for H1 2024, a decrease of 46.58% year-on-year, with a net profit of 0.1 billion CNY, down 97.29% year-on-year. However, Q2 2024 showed a net profit of 0.48 billion CNY, a significant increase of 227.6% quarter-on-quarter [1]. - The company achieved a sales volume of 54,900 tons in H1 2024, an increase of 18.17% year-on-year, maintaining a global market share of 20% and a domestic market share of 39% in high-nickel ternary cathode materials [1]. - The company is expanding its international market presence, with significant progress in capacity construction in Korea, North America, and Europe [1]. - Research and development expenses increased by 49.07% to 179 million CNY, focusing on upgrading key materials for lithium iron phosphate and ternary batteries [1]. Financial Summary - Total revenue for 2023 is projected at 22.657 billion CNY, with a year-on-year decline of 24.8%. For 2024, revenue is expected to drop to 15.285 billion CNY, a decrease of 32.5% [2]. - The net profit for 2023 is estimated at 581 million CNY, with a significant decline of 57.1%. The forecast for 2024 is a net profit of 207 million CNY, down 64.3% [2]. - The earnings per share (EPS) for 2023 is projected at 1.20 CNY, with a forecast of 0.43 CNY for 2024 [2]. - The price-to-earnings (P/E) ratio is expected to be 53 for 2024, decreasing to 21 in 2025 and 17 in 2026 [2].

[Table_Rank] 投资评级：买入（维持） 报告日期： 2024-08-06 | --- | --- | |---------------------------------|-------------| | [Table_BaseData] 收盘价（元） | 22.90 | | 近 12 个月最高 / 最低（元） | 57.53/20.57 | | 总股本（百万股） | 483 | | 流通股本（百万股） | 315 | | 流通股比例（ % ） | 65.22 | | 总市值（亿元） | 111 | | 流通市值（亿元） | 72 | [公司价格与沪深 Table_Chart] 300 走势比较 -71% -50% -30% -9% 12% 8/23 11/23 2/24 5/24 容百科技 沪深300 [Table_Author] 分析师：张志邦 执业证书号：S0010523120004 邮箱：zhangzhibang@hazq.com 分析师：牛义杰 执业证书号：S0010524050005 邮箱：niuyj@hazq.com [Table_CompanyReport] 相关报告 1、《容百科技 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][16]. Core Views - The company reported a significant decline in net profit for H1 2024, achieving a net profit of 0.10 billion yuan, down 97% year-on-year, with revenue of 68.88 billion yuan, down 47% year-on-year. The gross margin was 7.79%, a decrease of 0.11 percentage points year-on-year [2][12]. - In Q2 2024, the company achieved revenue of 31.96 billion yuan, down 29% year-on-year and down 13% quarter-on-quarter, with a net profit of 0.48 billion yuan, down 30% year-on-year but turning profitable quarter-on-quarter. The gross margin improved to 10.84%, up 4.46 percentage points year-on-year and up 5.69 percentage points quarter-on-quarter [2][12]. - The company continues to lead in the ternary cathode market with a global market share of 11% and a domestic high-nickel ternary market share of nearly 40%, showing a year-on-year increase of 5 percentage points [2][11]. Summary by Sections Financial Performance - In H1 2024, the company achieved a net profit of 0.10 billion yuan, down 97% year-on-year, and revenue of 68.88 billion yuan, down 47% year-on-year. The gross margin was 7.79% [2][12]. - For Q2 2024, revenue was 31.96 billion yuan, down 29% year-on-year and down 13% quarter-on-quarter, with a net profit of 0.48 billion yuan, down 30% year-on-year but turning profitable quarter-on-quarter. The gross margin was 10.84% [2][12]. Market Position - The company maintained its leading position in the global ternary cathode market with a market share of 11% in H1 2024, achieving a sales volume of 53,000 tons, up 17% year-on-year [2][11]. - The company has a nearly 40% market share in the domestic high-nickel ternary market, reflecting a year-on-year increase of 5 percentage points [2][11]. International Expansion - The company is making steady progress in its overseas operations, with the first phase of a 20,000-ton ternary cathode project in South Korea completed and production ramping up. The second phase of a 40,000-ton project is expected to be completed by the end of 2024 [2][11]. - In Europe, the company has acquired a Polish factory from Johnson Matthey and is starting a 20,000-ton cathode project. In North America, the company has registered its subsidiary and is progressing with site selection for its factory [2][11]. Future Outlook - The company expects continued growth in sales volume due to recovering demand and ongoing customer development both domestically and internationally [2][11]. - The company has signed memorandums of cooperation with global battery companies, indicating strong future sales potential [2][11].