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 继续开展商品期货期权套期保值业务的核查意见 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》《上 海证券交易所科创板股票上市规则》及《上海证券交易所科创板上市公司自律监 管指引第 1 号——规范运作》等有关规定的要求，负责万润新能上市后的持续督 导工作，对公司继续开展商品期货期权套期保值业务事项进行了核查，具体情况 如下： 一、继续开展商品期货期权套期保值业务概述 （一）继续开展商品期货期权套期保值业务的目的 公司拟继续开展的商品期货期权套期保值业务的品种限于在场内及场外市 场交易的与公司生产经营有直接关系的锂盐品种。 （五）继续开展业务期限 自本次董事会审议通过之日起 12 个月内有效，如单笔交易的存续期超过了 授权期限，则授权期限自动顺延至该笔交易终止时止，但该笔交易额度纳入下一 个审批有效期计算。 公司主要从事锂离子动力电池和储能电池的正极材料及其前驱体的生产，涉 及主要原材料为碳酸锂等锂盐 ...

证券代码：688275 证券简称：万润新能 公告编号：2025-044 在股东大会完成董事会换届选举后，公司于 2025 年 12 月 1 日召开了第三届 董事会第一次会议，选举产生了第三届董事会董事长、董事会各专门委员会委员， 并聘任了公司新一届高级管理人员及证券事务代表。现将具体情况公告如下： 一、第三届董事会董事长选举情况 2025 年 12 月 1 日，公司召开第三届董事会第一次会议，审议通过了《关于 选举第三届董事会董事长的议案》，全体董事一致同意选举刘世琦先生为公司第 三届董事会董事长，任期自公司第三届董事会第一次会议审议通过之日起至第三 届董事会任期届满之日止。 刘世琦先生的个人简历，请详见公司于 2025 年 11 月 13 日在上海证券交易 所网站（www.sse.com.cn）披露的《关于董事会换届选举的公告》（公告编号： 2025-039）。 二、第三届董事会专门委员会委员选举情况 湖北万润新能源科技股份有限公司 关于选举董事长、董事会专门委员会委员及聘任 高级管理人员、证券事务代表的公告 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 ...

湖北万润新能源科技股份有限公司 关于高级管理人员薪酬方案的公告 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。 证券代码：688275 证券简称：万润新能 公告编号：2025-045 湖北万润新能源科技股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召开了第三届董事会薪酬与考核委员会第一次会议、第三届董事会第一次会议， 审议通过了《关于高级管理人员薪酬方案的议案》，现将方案内容公告如下： 为更好地实现公司战略发展目标，有效调动公司高级管理人员工作积极性和 创造性，吸引更多优秀人才，公司根据相关法律法规及《湖北万润新能源科技股 份有限公司章程》的有关规定，结合公司的实际经营运行情况与地区薪资水平， 经公司董事会薪酬与考核委员会审核，拟定高级管理人员薪酬方案如下： 湖北万润新能源科技股份有限公司董事会 2025 年 12 月 2 日 高级管理人员薪酬由固定薪资和浮动薪资两部分组成：其中固定薪资按协商 签署的薪资标准文件执行，按月发放；浮动薪资根据绩效指标完成情况计算，按 月发放，年终绩效奖金根据公司利润和业绩 ...

证券代码：688275 证券简称：万润新能 公告编号：2025-043 湖北万润新能源科技股份有限公司 关于继续开展商品期货期权套期保值业务的公告 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。 重要内容提示： 交易主要情况 | 交易目的 | □获取投资收益 | | | --- | --- | --- | | | ☑套期保值（合约类别：☑商品；□外汇；□其他：________） | | | | □其他：________ | | | 交易品种 | 与公司生产经营有直接关系的锂盐品种 | | | 交易金额 | 预计动用的交易保证金和权利金上限（单位：万元） 15,000.00 | | | | 预计任一交易日持有的最高合约价值（单位：万元） 150,000.00 | | | 资金来源 | ☑自有资金 □其他：___ | □借贷资金 | | 交易期限 | 2025年12月1日至2026年11月30日 | | 已履行的审议程序 2025 年 12 月 1 日，公司召开第三届董事会审计委员会第一次会议、第三 届董事会第一次会议，审议通过了 ...

万润新能首次公开发行股票的发行费用为24,295.94万元，其中，保荐及承销费用21,200.00万元。 万润新能于2023年5月24日披露的2022年年度权益分派实施公告显示，本次利润分配及转增股本 以方案实施前的公司总股本85,215,178股为基数，每股派发现金红利3.52元（含税），以资本公积金向 全体股东每股转增0.48股，共计派发现金红利299,957,426.56元，转增40,903,285股，本次分配后总股 本为126,118,463股。本次权益分派股权登记日为2023年5月30日，除权除息日为2023年5月31日。 （责任编辑：徐自立） 万润新能于2022年9月29日在上交所科创板上市，公开发行2130.3795万股，发行价格299.88元/ 股，保荐机构为东海证券股份有限公司，保荐代表人为盛玉照、江成祺。 上市首日，万润新能盘中创下最高价259.99元，为该股上市以来最高价。 万润新能首次公开发行股票募集资金总额638,858.20万元，扣除发行费用后，募集资金净额为 614,562.26万元。该公司最终募集资金净额比原计划多48.84亿元。万润新能于2022年9月23日披露的 招股说明书 ...

Market Overview - The Shanghai Composite Index rose by 0.65%, surpassing the 3900-point mark, while the Shenzhen Component and ChiNext Index both increased by over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion yuan, an increase of 288.1 billion yuan compared to the previous trading day [1] Sector Performance - The consumer electronics sector saw significant gains, with nearly 20 stocks, including ZTE Corporation, Broadcom Integration, and Shifeng Culture, hitting the daily limit [1] - The commercial aerospace concept continued to perform strongly, with Aerospace Development achieving 8 limit-ups in 12 days, and stocks like Reco Defense and Tongyu Communication also hitting the limit [1] - The non-ferrous metals sector was active, with stocks such as Minfa Aluminum and Luoping Zinc Electric reaching the daily limit [1] - The photoresist concept experienced a rapid surge, with Huarong Chemical hitting a 20% limit-up [1] Declining Sectors - The battery sector experienced a pullback after an initial rise, with Wanrun New Energy dropping nearly 9% [1] - Sectors such as internet e-commerce, insurance, and batteries saw declines, contrasting with the strong performance of consumer electronics and non-ferrous metals [1]

Market Overview - On November 28, the Shanghai Composite Index rose by 0.34%, with the total margin financing balance reaching 24,735.77 billion yuan, an increase of 1.53 billion yuan from the previous trading day [1] - The margin financing balance in the Shanghai market was 12,548.36 billion yuan, up by 0.096 billion yuan; in the Shenzhen market, it was 12,112.14 billion yuan, increasing by 1.398 billion yuan; and in the Beijing Stock Exchange, it was 75.27 billion yuan, up by 0.039 billion yuan [1] Industry Analysis - Among the industries classified by Shenwan, 14 sectors saw an increase in financing balance, with the electronics sector leading with an increase of 1.526 billion yuan, followed by the communication and banking sectors with increases of 1.455 billion yuan and 0.384 billion yuan, respectively [1] Stock Performance - A total of 1,680 stocks experienced an increase in financing balance, accounting for 44.80% of the market, with 205 stocks showing an increase of over 5% [1] - The stock with the largest increase in financing balance was Xueqi Electric, which saw a balance of 65.03 million yuan, a surge of 89.81%, although its stock price fell by 7.38% on the same day [1] - Other notable stocks with significant increases in financing balance included Beikang Detection and Haixi Communication, with increases of 41.76% and 32.40%, respectively [1] Top Gainers and Losers - Among the top 20 stocks with the largest increase in financing balance, the average stock price rose by 3.17%, with Wanrun New Energy, Gogo Technology, and Hunan Yuno leading with increases of 16.88%, 14.24%, and 11.01%, respectively [2] - Conversely, stocks like Nantong Technology, Xueqi Electric, and Maide Medical saw declines of 15.46%, 7.38%, and 4.53%, respectively [2] Financing Balance Changes - The top 20 stocks with the largest increase in financing balance included: - Xueqi Electric: 65.03 million yuan, up 89.81%, down 7.38% [3] - Beikang Detection: 3.61 million yuan, up 41.76%, down 3.44% [3] - Haixi Communication: 89.04 million yuan, up 32.40%, down 3.95% [3] - In contrast, the top 20 stocks with the largest decrease in financing balance included: - Kaida Catalyst: 3.77 million yuan, down 17.14%, up 0.12% [5] - Nanwei Software: 316.37 million yuan, down 16.73%, up 9.98% [5] - Guangda Tongchuang: 90.81 million yuan, down 16.32%, down 1.06% [5]

Core Insights - The article highlights the upcoming 2025 Lithium Battery Industry Annual Conference and the Lithium Battery Golden Tripod Award Ceremony, emphasizing the theme "New Cycle, New Ecology, New Technology" [2] - It reports a significant increase in the shipment of lithium iron phosphate cathodes in China, reaching 2.575 million tons in the first three quarters of 2025, representing a year-on-year growth of 60.8% driven by the energy storage and power sectors [2] Industry Overview - The lithium iron phosphate cathode sector is characterized by intense competition, with a "one strong, many strong" competitive landscape, where Hunan Youneng leads significantly [3] - The top 10 companies in the lithium iron phosphate cathode market for January to September 2025 include Hunan Youneng, Wanrun New Energy, and YouShan Technology among others [5] Market Dynamics - The article outlines the global lithium battery cathode materials industry, including definitions, classifications, and a comparison of different cathode materials' performance [6] - It discusses the market scale and supply-demand dynamics, highlighting the driving factors for downstream demand such as new energy vehicles, energy storage, consumer electronics, and light electric vehicles [6]

Core Points - Wanrun New Energy (688275) closed at 91.55 yuan on November 28, with a significant increase of 16.88% and a trading volume of 1.412 billion yuan [2] - The stock was listed on the daily trading list due to its closing price increase of 15% [2] - The top five trading departments accounted for a total transaction of 586 million yuan, with a net selling of 19.44 million yuan [2] Trading Activity - The stock experienced a net inflow of 144 million yuan from main funds on the same day [3] - Over the past six months, the stock has appeared on the trading list six times, with an average price drop of 0.45% the next day and an average drop of 4.25% over the following five days [3] - The top buying departments included the Shanghai Stock Connect with a purchase amount of 144.07 million yuan, while the top selling department was also the Shanghai Stock Connect with a selling amount of 195.82 million yuan [3]

Group 1 - The main point of the article highlights the net inflow of main funds in the Shanghai and Shenzhen markets, amounting to 10.84 billion yuan, with the Sci-Tech Innovation Board seeing a net inflow of 320 million yuan [1] - A total of 250 stocks experienced net inflows, while 339 stocks saw net outflows, indicating a mixed sentiment in the market [1] - Among the stocks with significant net inflows, Jinghe Integrated led with a net inflow of 183 million yuan, followed by Wanrun New Energy and Jinpan Technology with inflows of 144 million yuan and 139 million yuan respectively [2] Group 2 - There are 52 stocks that have seen continuous net inflows for more than three trading days, with Sunshine Nuohe leading at eight consecutive days of inflow [2] - Conversely, 127 stocks have experienced continuous net outflows, with Zhimingda showing the longest streak at 19 consecutive days of outflow [2] - The top stocks by net inflow include Jinghe Integrated, Wanrun New Energy, and Jinpan Technology, with respective inflow rates of 8.41%, 10.21%, and 6.80% [2][3]