| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-053 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于签订技术出口合作协议的公告 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。 重要内容提示： 近日，广东芳源新材料集团股份有限公司（以下简称"公司"）与某日本企 业、目标公司（基于双方保密约定，不便披露具体名称）以书面方式签订了合作 协议。公司计划通过技术输出以及参股的形式，以目标公司为项目实施主体，与 某日本企业合作在日本开发和生产 NCMA 系/NCA 系/NCM 系前驱体。公司将向 目标公司提供技术和工艺，并按照项目实施阶段分批次向目标公司收取共计 48 亿日元（按照 2025 年 9 月 25 日中国外汇交易中心受权公布的人民币汇率中间价 100 日元对人民币 4.7885 元计算，折合人民币约 22,984.80 万元）的技术服务费、 设计费用和运行技术使用费。 对上市公司当年业绩的影响 202 ...

Core Viewpoint - The company has signed a cooperation agreement with a Japanese enterprise and a target company to develop and produce NCMA/NCA/NCM precursors in Japan, indicating a strategic expansion into the Japanese market [1] Group 1: Cooperation Agreement - The company will provide technology and processes to the target company, which will act as the project implementation entity [1] - The total technical service fee, design fees, and operational technology usage fees to be charged to the target company will amount to 4.8 billion Japanese yen, approximately 229.8 million Chinese yuan [1] Group 2: Financial Implications - The fees will be collected in batches according to the project implementation stages, reflecting a structured financial approach to the partnership [1]

芳源股份公告，公司与某日本企业、目标公司签订合作协议，以技术输出及参股形式合作在日本开发和 生产NCMA系/NCA系/NCM系前驱体。公司将向目标公司提供技术和工艺，并按项目实施阶段分批次收 取共计48亿日元的技术服务费、设计费用和运行技术使用费。预计2025年内可收取12.4亿日元（折合人 民币约5,937.74万元）。此次合作预计将对公司当期及后续年度的营业收入和净利润产生积极影响。 ...

Summary of Key Points Core Viewpoint - On September 23, several A-share listed companies disclosed their shareholding changes, with notable increases in holdings by some companies and reductions by others [1]. Group 1: Companies Increasing Holdings - Baba Foods: Some directors and senior management plan to further increase their shareholdings [2]. - Huakai Yibai: Luo Chun plans to increase his shareholdings by no less than 20 million yuan within six months [2]. Group 2: Companies Decreasing Holdings - Yingfang Software: Good Hope Cape and its concerted actors plan to reduce their holdings by no more than 3% [2]. - Meili Technology: Shareholder Changjiang Capital plans to reduce holdings by no more than 2,110,746 shares [2]. - Zhongtian Rocket: Shareholders plan to reduce their holdings by no more than 3% [2]. - Fangyuan Co., Ltd.: Shareholder Zhongke Ziyun plans to reduce holdings by no more than 1% [2]. - Funeng Technology: Deputy General Manager Wang Zhigang plans to reduce holdings by no more than 100,000 shares [2]. - Chaoxun Communication: The company's management has completed their reduction plan [2]. - Zhongke Jiangnan: Shareholders holding more than 5% plan to reduce holdings by no more than 1.73% [2]. - Bozhong Precision: The controlling shareholder's concerted actors have cumulatively reduced 5,495,900 shares recently [2]. - Fulongma: Former supervisor Shen Jiaqing reduced holdings by 199,600 shares [2]. - Dongtianwei: Specific shareholder Xinyu Ruitian reduced holdings by 458,900 shares from September 19 to September 22 [2]. - ST Lutong: Senior management member Zhuang Xiaozheng plans to reduce holdings by no more than 671,700 shares [2]. - Lakala: Legend Holdings has cumulatively reduced its holdings by 8,078,100 shares recently [2]. - *ST Xingnong: Shareholder Li Weihong plans to reduce holdings by no more than 3% [2]. - Tianji Co., Ltd.: Some directors and senior management plan to reduce their holdings [2]. - Yashiguangdian: Shareholders plan to reduce holdings by a total of 2.46% [2]. - Zhejiang Zhengte: Supervisor Hou Xiaohua plans to reduce holdings by no more than 275,300 shares [2]. - Binglun Environment: Some directors and senior management plan to reduce their holdings [2]. - Zhejiang Lino: The actual controller and concerted actors plan to reduce holdings by no more than 3.25% [2]. - Zhejiang Shibao: The controlling shareholder Shibao Holdings has recently reduced 1.50% of its A-share holdings [2]. - Kuaijingtong: Due to a securities repurchase contract dispute, shareholders will passively reduce holdings by no more than 1% [2]. - Nanxing Co., Ltd.: Shareholders plan to reduce holdings by no more than 3.03% [2].

每经AI快讯，芳源股份9月23日晚间发布公告称，截至本公告披露日，股东广东中科白云新兴产业创业 投资基金有限公司持有广东芳源新材料集团股份有限公司股份2474万股（占公司总股本约5.1亿股的 4.85%），相关股份为公司首次公开发行前股份，已于2022年8月8日解除限售并上市流通。公司于近日 收到股东中科白云的通知，因基金资金安排需要，公司股东中科白云计划根据市场价格，通过集中竞价 交易方式减持其持有的公司股份合计不超过510万股，减持期间为自公司披露股份减持计划公告之日起3 个交易日后的3个月内。 每经头条（nbdtoutiao）——报价太低遭严防，投标企业还得"解释清楚"，一场国家组织的大型采购， 为何引发全行业关注 （记者 曾健辉） ...

格隆汇9月23日丨芳源股份(688148.SH)公布，公司于近日收到股东中科白云的通知，因基金资金安排需 要，公司股东中科白云计划根据市场价格，通过集中竞价交易方式减持其持有的公司股份合计不超过 510万股（不超过公司总股本的1%），减持期间为自公司披露股份减持计划公告之日起3个交易日后的3 个月内。 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-052 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 减持计划的主要内容 公司于近日收到股东中科白云的通知，因基金资金安排需要，公司股东中科 白云计划根据市场价格，通过集中竞价交易方式减持其持有的公司股份合计不超 过 5,100,000 股（不超过公司总股本的 1%），减持期间为自公司披露股份减持计 划公告之日起 3 个交易日后的 3 个月内。 在减持总比例不超过公司总股本 1%的前提下，若减持期间公司发生派发红 利、送红股、转增股本、增发新股、配股等导致股份变动事项，减持股份数量将 进行相应调整。 | 股东名称 | 广东中科白云新兴产业创业投资基金有限公司 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 □是 | ...

芳源股份公告，中科白云持有公司股份2474万股，占4.85%，拟因基金资金安排，自披露后三个交易日 届满起至2025年12月26日，通过集中竞价减持不超过510万股，占公司总股本1%。此前2025年6月13日 至9月12日，中科白云已减持40万股，占0.08%，减持价格区间6-6.79元/股。 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-051 | | --- | --- | --- | | 转债代码：118020 | 债券简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于"芳源转债"2025 年付息公告 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。 重要内容提示： 广东芳源新材料集团股份有限公司（以下简称"公司"）于 2022 年 9 月 23 日向不特定对象发行的可转换公司债券（以下简称"芳源转债"或"可转债"） 将于 2025 年 9 月 23 日开始支付自 2024 年 9 月 23 日至 2025 年 9 月 22 日期间的 利息。根据《广东芳源新材料集团股份有限公司向不特定对象发行可转换公司债 券募集说明书》（以下简称《募集说明书》）有关条款的规定，现将有关事项公告 如下： 一、可转债发行上市概况 经中国证券监督管理委员会出具的《关于同意广东芳源新材料集团股份有限 公司向不特定对象发行可转换公司债券注册的批复》（证监许可〔2022〕1685 号） 同意注册， ...

Summary of Fangyuan Co., Ltd. Conference Call Company Overview - **Company**: Fangyuan Co., Ltd. - **Industry**: Battery materials, specifically focusing on nickel-cobalt-aluminum (NCA) and nickel-cobalt-manganese (NCM) precursor materials Key Points and Arguments Impact of IRA Legislation - The IRA legislation has severely impacted Fangyuan's collaboration with Tesla, leading to a drop in NCA material supply from nearly 20,000 tons to zero by the end of 2024 [2][3][6] Business Transformation - Fangyuan is diversifying its product line beyond NCA precursors to include NCM precursors, high-nickel binary materials, lithium carbonate, nickel sulfate, and cobalt sulfate to mitigate operational risks [2][3][6] - The company has implemented efficient nickel-lithium separation technology, achieving a recovery rate of 96%-98% for nickel-cobalt salt products, significantly above the industry average [2][8] Production and Capacity - Current production capacity includes 10,000 tons of lithium hydroxide and approximately 96,000 tons of precursors, with over 30,000 tons of precursor capacity currently operational [9] - Average capacity utilization in the first half of 2025 was around 50%, with expectations to exceed 60% in Q3 2025, indicating potential profitability improvements [9][6] Product Development and Market Demand - Monthly production of NC high-durability binary materials has increased from tens of tons to 700-800 tons, with significant orders from major clients [2][3] - Sulfuric cobalt production exceeds 1,000 tons per month, with rising orders from clients such as Bamo and Danshan [2][3] Financial Performance - Fangyuan reported a loss of approximately 148-149 million yuan in the first half of 2025, primarily due to challenges from the IRA legislation and fluctuating metal prices [3][6] - Despite anticipated growth in lithium hydroxide and high-nickel binary precursor sales, overall revenue is expected to see only slight increases due to last year's high-value orders serving as a baseline [12][10] Market Trends and Challenges - Downstream battery manufacturers prefer to synthesize NCA in-house to maintain control over technical details and processes, which affects direct procurement from suppliers like Fangyuan [4][17] - The company is exploring partnerships with mining companies to stabilize raw material supply and enhance its lithium carbonate business [26][30] Future Outlook - Fangyuan aims to expand its three-element precursor and related intermediate product lines while enhancing technical capabilities to meet market demands [6] - The company anticipates that Q3 2025 will mark a turning point, moving towards profitability as order volumes increase [6][12] Recovery and Recycling - Fangyuan's recovery technology for ternary materials is leading in the industry, with plans to increase the use of recycled materials to lower production costs [7][34] - The company expects to produce around 2,000 tons of sulfuric cobalt monthly using recycled materials, which will significantly enhance profitability [34] Financial Management - The company is facing financial pressures from depreciation and financial expenses, with total depreciation expected to reach 110-120 million yuan in 2025 [40][41] - Fangyuan is considering adjusting the conversion price of its convertible bonds to alleviate financial burdens [25] Conclusion - Fangyuan Co., Ltd. is navigating significant challenges due to regulatory impacts and market fluctuations but is actively transforming its business model and product offerings to enhance competitiveness and profitability in the evolving battery materials industry [2][6][12]