Financial Performance - Total revenue for 2024 was CNY 752,286.15 million, a decrease of 38.21% compared to the previous year[3] - Net profit attributable to the parent company was CNY -86,264.42 million, with a narrowed loss compared to CNY -150,362.98 million in the previous year[5] - Basic earnings per share were CNY -6.90, an improvement from CNY -11.93 in the previous year[3] Assets and Equity - Total assets at the end of 2024 were CNY 1,768,430.74 million, down 8.99% from the beginning of the year[6] - Equity attributable to the parent company decreased by 14.62% to CNY 562,286.26 million[6] Product Performance - Sales volume of the main product, lithium iron phosphate, increased by approximately 39.07% year-on-year despite a decline in sales price due to falling raw material costs[9] Operational Improvements - The company improved its inventory management, leading to a reduction in inventory impairment provisions[7] - The increase in production capacity utilization contributed to a decrease in asset impairment compared to the previous year[9] - The company is actively developing new products and expanding its sales market despite ongoing supply-demand imbalances in the lithium iron phosphate industry[7] Audit and Reporting - The financial data presented is preliminary and subject to final audit in the 2024 annual report[10]

东海证券股份有限公司 关于湖北万润新能源科技股份有限公司 核心技术人员离职的核查意见 （二）参与的研发项目和知识产权情况 截至本核查意见出具日，陈世涛先生在公司任职期间参与的研发项目工作， 已在离职前完成工作交接，其离职不会对项目的研发进程产生不利影响。陈世涛 先生在公司任职期间参与研发的知识产权均为职务成果，相关所有权均属于公司， 不存在涉及职务发明专利权纠纷的情形。 东海证券股份有限公司（以下简称"东海证券"或"保荐机构"）作为湖北 万润新能源科技股份有限公司（以下简称"万润新能"或"公司"）首次公开发 行股票并上市持续督导保荐机构，根据《证券发行上市保荐业务管理办法》及《上 海证券交易所科创板股票上市规则》等有关规定的要求，对万润新能核心技术人 员离职的事项进行了核查，具体情况如下： 一、核心技术人员离职的具体情况 为提升公司研发人员知识储备及技能水平，提高公司科研实力，公司近期与 原核心技术人员陈世涛先生签订《学历提升专项培训协议》，根据培训协议约定， 公司根据工作需要及陈世涛先生意愿，为其提供在"哈尔滨工业大学（威海）海 洋科学与技术学院博士学位（研究方向为锂离子电池正极材料）"全日制学历提 升专项 ...

证券代码：688275 证券简称：万润新能 公告编号：2025-003 一、核心技术人员离职的具体情况 为提升公司研发人员知识储备及技能水平，提高公司科研实力，公司近期与 原核心技术人员陈世涛先生签订《学历提升专项培训协议》，根据培训协议约定， 公司根据工作需要及陈世涛先生意愿，为其提供在"哈尔滨工业大学（威海）海 洋科学与技术学院博士学位（研究方向为锂离子电池正极材料）"全日制学历提 升专项培训，根据学校要求，陈世涛先生在全日制学习期间，需与公司解除劳动 关系，待陈世涛先生取得相关博士毕业证书后的 7 日内，将到公司报到并再次办 理入职手续，恢复与公司的劳动关系。基于此，陈世涛先生近日向公司申请辞去 公司职务，辞职后，在全日制学习期间，陈世涛先生将以技术顾问身份继续为公 司提供技术服务。陈世涛先生在公司任职期间恪尽职守、勤勉尽责，公司及董事 会对陈世涛先生任职期间为公司发展所做出的贡献表示衷心感谢。 （一）核心技术人员的具体情况 湖北万润新能源科技股份有限公司 关于核心技术人员离职的公告 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 ...

Group 1 - The stock price of Wanrun New Energy (688275.SH) fell by 2.71% to 46.61 yuan, currently in a state of breaking issue [1] - Wanrun New Energy was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 29, 2022, with an initial public offering (IPO) price of 299.88 yuan per share [1] - The company raised a total of 638.86 million yuan from its IPO, with a net amount of 614.56 million yuan after deducting issuance costs, exceeding the original fundraising plan by 4.88 billion yuan [1] Group 2 - The company announced a cash dividend of 3.52 yuan per share and a capital reserve transfer of 0.48 shares per share, totaling 299.96 million yuan in cash dividends and 40.90 million shares transferred [2] - The total share capital after the distribution will be 126.12 million shares [2] Group 3 - Wanrun New Energy's preliminary forecast for 2024 indicates a net loss attributable to shareholders of the parent company between 967 million yuan and 810 million yuan [4] - The company expects a net loss of 987 million yuan to 830 million yuan after excluding non-recurring gains and losses for 2024 [4] Group 4 - In 2023, Wanrun New Energy reported a revenue of 12.17 billion yuan, a year-on-year decrease of 1.44% [5] - The net loss attributable to shareholders was 1.50 billion yuan, compared to a profit of 959 million yuan in the previous year [5] - The net cash flow from operating activities was -1.56 billion yuan, an improvement from -2.55 billion yuan in the previous year [5]

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -967 million and -810 million CNY[4]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -987 million and -830 million CNY[4]. - In 2023, the company reported a total profit of -1,714.99 million CNY and a net profit attributable to shareholders of the parent company of -1,503.63 million CNY[6]. - The net profit after deducting non-recurring gains and losses for 2023 was -1,535.94 million CNY, with an earnings per share of -11.93 CNY[6]. Sales and Market Dynamics - The company experienced significant growth in sales volume of its main products, but faced a decline in sales prices due to market supply and demand dynamics[7]. - The decline in sales prices was offset by a decrease in inventory impairment provisions, leading to a narrowing of losses compared to the previous year[8]. Earnings Forecast and Audit - The financial data provided in the earnings forecast has not been audited by a registered accountant[5]. - The company emphasizes that the forecast data is based on preliminary calculations and the final audited financial report will provide accurate figures[10]. - There are currently no significant uncertainties affecting the accuracy of the earnings forecast[9]. - Investors are advised to pay attention to investment risks related to the preliminary nature of the forecast data[10].

湖北万润新能源科技股份有限公司 2024年第二次临时股东大会会议资料 证券代码：688275 证券简称：万润新能 湖北万润新能源科技股份有限公司 2024年第二次临时股东大会会议资料 2024 年 12 月 | 2024年第二次临时股东大会会议须知 | 1 | | --- | --- | | 2024年第二次临时股东大会会议议程 | 3 | | 2024年第二次临时股东大会会议议案 | 5 | | 议案一：关于转让全资子公司股权暨关联交易的议案 | 5 | | 议案二：关于预计2025年度日常关联交易的议案 | 6 | 湖北万润新能源科技股份有限公司 2024年第二次临时股东大会会议资料 湖北万润新能源科技股份有限公司 2024年第二次临时股东大会会议须知 为维护广大投资者的合法权益，保障湖北万润新能源科技股份有限公司（以下简称"公 司"）股东在本次股东大会期间依法行使权利，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证监会《上市公司股东大会规则》和《湖北万润新能源科技股份有限公司股东 大会议事规则》等有关规定，特制定本会议须知： 一、公司负责本次股东大会的议程安排和会务工作，为确认出席大会 ...

Investment Rating - The report gives an "Outperform" rating for the company [1][4][124]. Core Views - The actual controllers of the company have shown strong confidence in its long-term development by planning to increase their shareholding by an amount not less than 8.61 million yuan and not exceeding 17.21 million yuan within the next 12 months [3][4]. - The company has been deeply engaged in the lithium iron phosphate industry for many years and currently ranks among the top three globally in terms of shipment volume [4][7]. - The company is actively collaborating with leading clients and expanding its integrated layout and overseas production capacity, which will support long-term growth [5][4]. Summary by Sections Company Overview - The company was founded in 2003 and has focused on lithium iron phosphate and other cathode materials since its establishment in 2010. It has established partnerships with major battery manufacturers like BYD and CATL [4][7]. Financial Performance - The company achieved revenue of 12.35 billion yuan in 2022, with a compound annual growth rate (CAGR) of 324% from 2020 to 2022. The sales volume of lithium iron phosphate reached 92,200 tons in 2022, with a CAGR of 121% during the same period [16][17]. - In 2023, the company faced challenges due to a significant decline in lithium carbonate prices, leading to a revenue drop of 51% year-on-year in the first three quarters [17]. Market Position - The company ranks third in the global lithium iron phosphate market as of the first three quarters of 2024, with a market share of 24% [39]. - The company has a strong focus on high-performance products and has maintained stable supply capabilities, which has led to rapid sales growth alongside its clients [5][4]. Future Outlook - The company is expected to achieve a net profit of -6.47 billion yuan in 2024, followed by a recovery to 4.04 billion yuan in 2025 and 8.13 billion yuan in 2026. The earnings per share (EPS) are projected to be -5.13, 3.21, and 6.44 yuan for the respective years [5][124]. - The report estimates that the company's stock has a reasonable value range of 67.4 to 70.4 yuan, indicating a potential upside of 25% to 31% compared to its current price [5][124].

证券代码：688275 证券简称：万润新能 公告编号：2024-058 湖北万润新能源科技股份有限公司 关于转让全资子公司股权暨关联交易的公告 本公司董事会、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： 湖北万润新能源科技股份有限公司（以下简称"公司"）及其全资子公 司深圳市万润矿业有限公司（以下简称"万润矿业"）与深圳市中渚矿业投资合 伙企业（有限合伙）（以下简称"深圳中渚"）于 2024 年 12 月 14 日签订《股 权转让合同》，公司拟将其持有的万润矿业 100%的股权以人民币 31,500.00 万元 的交易对价转让给深圳中渚。本次交易完成后，公司不再持有万润矿业的股权。 深圳中渚、万润矿业向公司承诺，于交割完成后，万润矿业就其截止交割完成日 持有采矿权、探矿权的锂矿所产出的锂矿产品（包括但不限于锂辉石、锂云母、 盐湖卤水锂矿等形式），应当优先向公司进行供给，且在同等商业条件下给予价 格优惠； 因公司控股股东、实际控制人刘世琦、李菲分别持有湖北万润工贸发展 有限公司（以下简称"万润工贸"）97.95%、2.0 ...

Core Viewpoint - Wanrun New Energy (688275) is optimizing its asset allocation by transferring 100% of its subsidiary Wanrun Mining to Shenzhen Zhongzhu Mining Investment Partnership for 315 million yuan, which is recognized as a related party transaction due to ownership connections [1][2]. Group 1: Transaction Details - The transfer price for Wanrun Mining's 100% equity is set at 315 million yuan, with an assessed value of 282 million yuan, reflecting a 4.33% increase in value [2]. - Wanrun Mining's registered capital is 398 million yuan, with a paid-in capital of 310 million yuan, and an outstanding unpaid amount of 88 million yuan to be settled by Shenzhen Zhongzhu post-transaction [1][2]. - After the transaction, Wanrun Mining will no longer be included in Wanrun New Energy's consolidated financial statements [2]. Group 2: Financial Performance - In the first three quarters of the year, Wanrun New Energy reported revenues of 4.852 billion yuan, a year-on-year decline of 51.48%, and a net loss of 598 million yuan, an improvement from a loss of 949 million yuan in the same period last year [3]. - The significant losses were attributed to volatile prices of lithium carbonate and a greater decline in the selling price of its main product, lithium iron phosphate, compared to the reduction in unit costs, which negatively impacted gross margins [3]. - The company anticipates a gradual recovery in profitability as the demand in the new energy vehicle and energy storage sectors increases, with expectations for improved sales in the fourth quarter [3].