广东嘉元科技股份有限公司 2025 年第三季度报告 证券代码：688388 证券简称：嘉元科技 广东嘉元科技股份有限公司 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、准确性和完整性依法承担法律责任。 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 | 2,577,204,143.31 | 34.48 | 6,54 ...

Core Viewpoint - 嘉元科技 has shown significant stock price appreciation and strong financial performance in recent periods, indicating a positive market sentiment and growth potential in the lithium battery sector [1][2]. Financial Performance - As of June 30, 嘉元科技 reported a revenue of 3.963 billion yuan, representing a year-on-year growth of 63.55% [2]. - The net profit attributable to shareholders for the same period was 36.754 million yuan, reflecting a substantial increase of 134.94% year-on-year [2]. - The company has distributed a total of 496 million yuan in dividends since its A-share listing, with 174 million yuan distributed in the last three years [3]. Stock Market Activity - 嘉元科技's stock price increased by 177.33% year-to-date, with a recent 5-day increase of 3.76%, a 20-day increase of 25.89%, and a 60-day increase of 89.47% [1]. - The stock reached a peak trading volume on September 10, with a net buying amount of 173 million yuan on the龙虎榜 [1]. Shareholder Information - As of June 30, 嘉元科技 had 17,900 shareholders, an increase of 9.71% from the previous period, with an average of 23,821 shares held per shareholder, down by 8.85% [2]. - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, which holds 10.009 million shares as a new shareholder [3]. Business Overview - 嘉元科技, established on September 29, 2001, and listed on July 22, 2019, specializes in the research, production, and sales of high-performance electrolytic copper foil [1]. - The revenue composition includes 83.77% from lithium battery copper foil, 12.64% from other sources, and 3.58% from standard copper foil [1][2].

Core Viewpoint - The performance of the Zhongzheng 2000 ETF Enhanced (159556) has shown a decline in opening price, reflecting market volatility and the performance of its underlying stocks [1] Group 1: Fund Performance - The Zhongzheng 2000 ETF Enhanced (159556) opened at 1.174 yuan, down 0.93% [1] - Since its establishment on December 27, 2023, the fund has achieved a return of 18.12% [1] - The fund's return over the past month is reported at 2.20% [1] Group 2: Top Holdings Performance - Major holdings include Huajian Group, which fell by 4.06%, and Dekeli, which decreased by 1.88% [1] - Other notable stock movements include Xuguang Electronics rising by 0.54%, and Beihua Co. declining by 0.46% [1] - The performance of Electric Wind Power dropped by 2.21%, while Xinke Materials increased by 0.51% [1] - Jiayuan Technology saw a decrease of 0.42%, while Hongjing Technology rose by 0.07% [1] - Yongding Co. and Furui Electronics increased by 1.07% and 1.45%, respectively [1] Group 3: Management Information - The fund is managed by Ping An Fund Management Co., Ltd., with Li Yan as the fund manager [1] - The performance benchmark for the fund is the Zhongzheng 2000 Index return [1]

Group 1 - The core point of the news is that 嘉元科技 (Jia Yuan Technology) experienced a stock decline of 5.06%, with a current share price of 39.77 yuan, a trading volume of 8.10 billion yuan, a turnover rate of 4.67%, and a total market capitalization of 169.52 billion yuan [1] - 嘉元科技, established on September 29, 2001, and listed on July 22, 2019, specializes in the research, production, and sales of high-performance electrolytic copper foil [1] - The revenue composition of 嘉元科技 includes 83.77% from lithium battery copper foil, 12.64% from other sources, and 3.58% from standard copper foil [1] Group 2 - 德邦基金 (Debang Fund) has one fund heavily invested in 嘉元科技, specifically 德邦乐享生活混合A (Debang Le Xiang Life Mixed A), which held 72,800 shares, accounting for 5.47% of the fund's net value, ranking as the seventh largest holding [2] - The fund 德邦乐享生活混合A was established on March 13, 2019, with a latest scale of 36.1571 million yuan, and has a year-to-date return of 5.99%, ranking 6600 out of 8226 in its category [2] - The fund manager 江杨磊 (Jiang Yanglei) has a tenure of 49 days with a total asset scale of 135 million yuan, while 汪宇 (Wang Yu) has a tenure of 46 days with a total asset scale of 49.9209 million yuan [2]

Core Viewpoint - The company, 嘉元科技, confirmed its indirect relationship with Oracle through its investment in 武汉恩达通科技有限公司, which is a major supplier to Oracle [1] Group 1 - 嘉元科技 has been asked about any direct or indirect cooperation with Oracle [1] - The company stated that its investment in 武汉恩达通科技有限公司 positions it as a key supplier to Oracle [1]

Market Overview - The battery sector increased by 2.45% compared to the previous trading day, with Jinfu Technology leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Top Gainers in the Battery Sector - Jinfu Technology (300128) closed at 7.36, up 20.07% with a trading volume of 1.7793 million shares and a transaction value of 1.251 billion [1] - Penghui Energy (300438) closed at 38.39, up 12.19% with a trading volume of 675,000 shares and a transaction value of 2.528 billion [1] - Zhuhai Guanyu (688772) closed at 27.59, up 10.23% with a trading volume of 565,200 shares and a transaction value of 1.492 billion [1] - Other notable gainers include Jia Yuan Technology (688388) up 8.30%, Zhongke Electric (300035) up 8.11%, and Tongguan Copper Foil (301217) up 6.96% [1] Market Capital Flow - The battery sector saw a net inflow of 2.082 billion from institutional investors, while retail investors experienced a net outflow of 1.929 billion [2][3] - The main stocks with significant net inflows include Yiyuan Lithium Energy (300014) with 317 million and Jinfu Technology (300128) with 264 million [3] Notable Decliners - Huazi Technology (300490) closed at 11.00, down 3.68% with a trading volume of 450,500 shares and a transaction value of 500 million [2] - Haike Sina (301292) closed at 26.00, down 3.63% with a trading volume of 175,000 shares and a transaction value of 459 million [2] - Other decliners include Tianli Lithium Energy (301152) down 2.93% and Binhai Energy (000695) down 2.85% [2]

Core Viewpoint - The company is focused on new technologies and product applications in the industry, emphasizing research and development innovation and product upgrades to enhance its core competitiveness [1] Group 1: Production Capacity - The company has planned a total production capacity of 35,000 tons for its electrolytic copper foil production line located in Longnan, Jiangxi [1] - Currently, the production capacity that has been put into operation exceeds 10,000 tons [1] Group 2: Product Applications - The production line primarily manufactures electronic circuit copper foil products, with high-end products applicable for AI server PCBs [1] - The company is also developing projects related to peelable ultra-thin copper foil for chip packaging [1] Group 3: Future Production Plans - The first production line for the ultra-thin copper foil is expected to begin trial production in the fourth quarter of 2025 [1] - By the end of 2026, the company aims to achieve an annual production capacity of 700,000 square meters [1]

Core Viewpoint - The company has developed a negative-free battery technology that eliminates the need for active materials in the anode during the battery manufacturing process, enhancing efficiency and performance [1] Group 1: Technology Overview - The negative-free technology operates by allowing lithium ions to move from the cathode to the surface of a current collector during charging, forming a metallic layer [1] - During discharging, this metallic layer dissolves back into the cathode, indicating a novel approach to battery design [1] Group 2: Material Innovation - The company has developed three-dimensional and porous copper foils that are essential for the application of the negative-free technology, as they provide the necessary lithium affinity [1]

Core Viewpoint - The company, Jia Yuan Technology, is focused on enhancing its product offerings in the high-end electronic circuit copper foil sector, aiming to improve product quality and market share through technological innovation [1] Industry Supply Chain Structure - As an electrolytic copper foil manufacturer, the company primarily supplies products to midstream manufacturers, who then process these products for end electronic device manufacturers [1] Product Development Strategy - The company is implementing a "produce one generation, reserve one generation, and pre-research one generation" technology strategy, achieving multiple breakthroughs in high-end electronic circuit copper foil [1] - The HVLP copper foil products are currently in the customer verification stage [1] Market Trends and Product Optimization - The company plans to continuously develop new products that align with market trends, enriching and optimizing its product structure [1] - There is a focus on gradually increasing the proportion of high-value-added products, such as high-end electronic circuit copper foil, to effectively enhance product quality [1]

Core Viewpoint - On October 22, 2023, a block trade of 80,000 shares of Jia Yuan Technology was executed at a price of 31.50 yuan, representing a discount of 19.33% compared to the closing price of 39.05 yuan on the same day [2] Trading Activity - The block trade amounted to 2.52 million yuan, with the buyer being CITIC Securities Co., Ltd. Fujian Branch and the seller being GF Securities Co., Ltd. Fuzhou Rujian West Road Securities Branch [2] - Over the past three months, Jia Yuan Technology has recorded a total of three block trades, with a cumulative transaction value of 7.197 million yuan [2] Stock Performance - The closing price of Jia Yuan Technology on October 22 was 39.05 yuan, down 0.81% from the previous day, with a turnover rate of 3.97% and a total trading volume of 656 million yuan [2] - The net inflow of main funds for the day was 3.8279 million yuan, and the stock has increased by 2.49% over the past five days, with a total net inflow of 94.951 million yuan during the same period [2] Margin Trading Data - The latest margin financing balance for Jia Yuan Technology is 949.7 million yuan, which has increased by 91.4406 million yuan over the past five days, reflecting a growth rate of 10.69% [2]