| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-068 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于 2024 年限制性股票激励计划首次授予部分 第一个归属期归属结果的公告 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： 本次归属股票数量：98.42 万股。 本次归属股票来源：公司从二级市场回购的公司 A 股普通股股票。 一、本次限制性股票归属的决策程序及相关信息披露 （一）2024 年 4 月 24 日，公司召开第五届董事会第二十一次会议，会议审 议通过了《关于公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》 《关于公司<2024 年限制性股票激励计划实施考核管理办法>的议案》以及《关 于提请公司股东大会授权董事会办理 2024 年限制性股票激励计划相关事宜的议 案》等议案。董事会薪酬与考核委员会对相关事项发表了同意的意见，并同意将 上述议案提交公司董事会审议。 同日，公司召 ...

Core Viewpoint - The lithium battery copper foil industry is experiencing a rebirth driven by cost reduction and technological innovation after a challenging period of losses over the past two years [3][4]. Industry Overview - From 2014 to 2023, lithium battery copper foil sales surged from less than 50,000 tons to nearly 500,000 tons, with total industry capacity increasing by over 120% from 2022 to 2023 due to a production expansion initiated in 2020 [3][5]. - In 2023, China's lithium battery copper foil production capacity reached 950,000 tons, with a total electrolytic copper foil capacity of 1,563,000 tons per year [5]. Financial Performance - Major listed companies in the copper foil sector faced significant losses in 2024, with losses ranging from 84 million yuan to 352 million yuan [4][6]. - The overall product gross margin for the lithium battery copper foil sector plummeted from 20% in previous years to 4.84% in 2023, and further down to 0.14% in 2024 [6]. Recovery Signs - In Q1 2025, six out of the top ten listed companies in the copper foil sector reported positive net profit growth, indicating a potential turning point for the industry [7]. - Factors contributing to the recovery include cost reduction through optimized processes and an increase in the proportion of high-value-added products [4][7]. Market Dynamics - The market is transitioning towards thinner copper foils, with 6-micron copper foil currently being the mainstream product, while demand for even thinner products like 4.5-micron and 3-micron foils is increasing [4][11]. - The processing fee for lithium battery copper foil peaked in April 2022 but has since declined significantly, with expectations of stabilization in the near future [5][10]. Future Outlook - The industry anticipates a gradual improvement in supply-demand dynamics as low-end capacity is phased out and market consolidation occurs [6][10]. - The market for ultra-thin copper foils (less than 6 microns) is expected to grow, with projections indicating that their market share could rise from 15% to 30-40% by the end of 2025 [11][12].

证券代码：688388 证券简称：嘉元科技 公告编号：2025-067 转债代码：118000 转债简称：嘉元转债 广东嘉元科技股份有限公司 关于不向下修正"嘉元转债"转股价格的公告 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： 截至 2025 年 6 月 17 日，广东嘉元科技股份有限公司（以下简称"公司"） 股价已触发"嘉元转债"转股价格向下修正条款。 经公司第五届董事会第四十八次会议审议，公司董事会决定本次不向下 修正"嘉元转债"的转股价格，同时在未来一个月内（即本公告披露日至 2025 年 7 月 17 日）如再次触发可转换公司债券转股价格向下修正条款的，亦不提出 向下修正方案。在此期间之后（自 2025 年 7 月 18 日起重新计算），若再次触发 "嘉元转债"转股价格向下修正条款，届时公司董事会将再次召开会议决定是否 行使"嘉元转债"的转股价格向下修正权利。 2、因公司实施 2021 年度权益分派方案，自 2022 年 5 月 6 日起转股价格调 整为 78.03 元/股，具体内容详见公司于 ...

Core Viewpoint - The article highlights the advancements and strategic direction of Guangdong Jiayuan Technology Co., Ltd. in the high-end copper foil industry, emphasizing its focus on technology development and market expansion, particularly in the context of solid-state battery production and international market penetration [2][3][7]. Group 1: Company Overview - Guangdong Jiayuan Technology is located in the mountainous region of Meizhou, Guangdong, and specializes in the production of high-end copper foil for various applications, including batteries and electronics [1]. - The company has transitioned from relying on imported technology to developing its own core technologies in the copper foil sector, achieving significant milestones in producing ultra-thin copper foils [3][4]. Group 2: Product Development and Market Demand - Jiayuan Technology has successfully developed ultra-thin copper foils, with 6-micron copper foil becoming a mainstream product, and has achieved mass production of 5-micron and 4.5-micron variants [4]. - The company reported a 15.57% increase in copper foil production in 2024, reaching 67,000 tons, with a growing proportion of ultra-thin copper foils that command a 30% higher processing fee compared to standard products [5]. - The demand for copper foil is driven by the rapid growth of the new energy and storage industries, with the company focusing on product innovation to meet the specific needs of electric vehicles and energy storage systems [5][6]. Group 3: Financial Performance - Jiayuan Technology's revenue for 2024 was 6.522 billion yuan, a year-on-year increase of 31.27%, while the first quarter of 2025 saw revenue of 1.981 billion yuan, a remarkable 113% increase compared to the same period last year [3][5]. Group 4: Strategic Direction and Future Outlook - The company aims to increase its overseas revenue share to 30% within the next 3 to 5 years, with expectations of exporting over 10,000 tons of products by 2026 [7]. - Jiayuan Technology is committed to continuous innovation and collaboration with research institutions to develop advanced copper foil technologies, positioning itself for future growth in a competitive landscape [5][7].

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-066 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于"嘉元转债"预计满足转股价格修正条件的 提示性公告 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： 转股价格：41.88 元/股 转股期限：2021 年 9 月 1 日至 2027 年 2 月 22 日 根据《上海证券交易所上市公司自律监管指引第 12 号——可转换公司债 券》规定，本次触发转股价格修正条件的期间从 2025 年 5 月 27 日起算。截至 2025 年 6 月 10 日，公司股票已有 10 个交易日的收盘价低于当期转股价格（41.88 元/股）的 85%（即 35.60 元/股），预计触发转股价格向下修正条件。若未来触 发转股价格向下修正条款，公司董事会将召开会议决定是否行使"嘉元转债"转 股价格的向下修正权利。 一、可转债上市发行概况 经中国证券监督管理委员会（以下简称"中 ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-066 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于"嘉元转债"预计满足转股价格修正条件的 提示性公告 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： 转股价格：41.88 元/股 转股期限：2021 年 9 月 1 日至 2027 年 2 月 22 日 根据《上海证券交易所上市公司自律监管指引第 12 号——可转换公司债 券》规定，本次触发转股价格修正条件的期间从 2025 年 5 月 27 日起算。截至 2025 年 6 月 10 日，公司股票已有 10 个交易日的收盘价低于当期转股价格（41.88 元/股）的 85%（即 35.60 元/股），预计触发转股价格向下修正条件。若未来触 发转股价格向下修正条款，公司董事会将召开会议决定是否行使"嘉元转债"转 股价格的向下修正权利。 一、可转债上市发行概况 经中国证券监督管理委员会（以下简称"中 ...

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。 近日，国家知识产权局发布《关于第二十五届中国专利奖授奖的决定》(国知发运字〔2025〕20号)，广 东嘉元科技股份有限公司（以下简称"公司"）申报的"二次电池用低翘曲电解铜箔、制造方法"及"一种 普强型锂离子电池用极薄电解铜箔的制备方法"共两项发明专利荣获中国专利优秀奖。"一种普强型锂离 子电池用极薄电解铜箔的制备方法"还在2024年获得了广东省专利奖金奖，这是对公司研发创新和知识 产权工作的充分认可，同时也是公司在知识产权领域的新突破。相关专利信息情况如下： ■ 广东嘉元科技股份有限公司 董事会 2025年6月9日 本次获奖是对公司研发创新能力和知识产权管理水平的充分肯定，同时提升了公司在铜箔行业中的影响 力，对加速新材料领域的技术突破和新能源电池产业的进步具有推动作用。未来，公司将继续推动生产 技术研发创新和企业知识产权建设，加快研发成果转化，不断提高企业核心竞争力。 此次获奖事项不会对公司本年度财务状况产生重大影响，敬请广大投资者注意投资风险。 特此公告。 中国专利奖是 ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-065 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于自愿披露获得第二十五届中国专利优秀奖的公告 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。 近日，国家知识产权局发布《关于第二十五届中国专利奖授奖的决定》(国 知发运字〔2025〕20 号)，广东嘉元科技股份有限公司（以下简称"公司"）申 报的"二次电池用低翘曲电解铜箔、制造方法"及"一种普强型锂离子电池用极 薄电解铜箔的制备方法"共两项发明专利荣获中国专利优秀奖。"一种普强型锂 离子电池用极薄电解铜箔的制备方法"还在 2024 年获得了广东省专利奖金奖， 这是对公司研发创新和知识产权工作的充分认可，同时也是公司在知识产权领域 的新突破。相关专利信息情况如下： | 专利号 | 专利名称 | 专利权人 | | --- | --- | --- | | ZL202010364561.5 | 二次电池用低翘曲电解铜箔 ...

Core Insights - The ultrafiltration membrane industry is experiencing significant growth driven by increasing water quality demands and environmental awareness, with the market size in China projected to reach 6.8 billion yuan in 2024, representing a year-on-year growth of 9.68% [1][12]. Industry Overview - Ultrafiltration membranes are polymer separation membranes with a pore size typically ranging from 0.001 to 0.1 microns, capable of retaining particles larger than 10 nanometers while allowing water and small solutes to pass through [1][4]. - The industry has evolved through three main stages: initial exploration in the 1970s-80s, industrial breakthroughs in the 1990s-early 2000s, and rapid growth from the early 21st century to present [4][5]. Market Dynamics - The demand for ultrafiltration membranes is increasing in municipal water supply, wastewater treatment, and seawater desalination, as well as in the food and beverage and biopharmaceutical sectors [1][12]. - The urban sewage treatment capacity in China reached 234 million cubic meters per day in 2023, a year-on-year increase of 4.80%, highlighting the growing need for effective wastewater treatment solutions [10]. Industry Chain - The ultrafiltration membrane industry supply chain includes upstream raw materials (organic and inorganic materials), midstream manufacturing, and downstream applications in various sectors such as wastewater treatment, municipal water purification, and food and beverage [8]. Key Players - Major companies in the ultrafiltration membrane sector include Hainan Lifespan, Le Pure Biotechnology, and Beijing Sino, which are leveraging technological advancements to enhance their market positions [14][16]. - Hainan Lifespan has established itself as a leader with a production capacity of 30 million square meters annually, accounting for nearly half of global production [14][16]. Development Trends - The industry is witnessing technological innovations, such as Le Pure's Extreme™ PVDF membrane, which achieves a 99.9999% microbial retention rate, and advancements in membrane materials that enhance performance and sustainability [20][21]. - Market demand is shifting towards industrial wastewater treatment, municipal water supply improvements, and home water purification systems, with increasing consumer preferences for selective filtration products [21][22]. - Chinese ultrafiltration membrane companies are expanding globally, with initiatives to establish overseas production bases and participate in international standard-setting, enhancing their competitive edge [23].

Investment Rating - The report maintains a "Recommendation" rating for the electric vehicle industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [18]. Core Insights - In May 2025, new energy vehicle deliveries from various manufacturers totaled 311,797 units, representing a year-on-year increase of 53% and a month-on-month increase of 41%. Zeekr led the sales with 46,538 units, showing a year-on-year increase of 150% and a month-on-month increase of 239% [5]. - Cumulative deliveries of new energy vehicles from domestic manufacturers reached 1,143,627 units by May 2025, reflecting a year-on-year increase of 327% [5]. - The report highlights that battery components are the most valuable parts of electric vehicles, suggesting a focus on upstream supply chains due to stable delivery growth from new energy vehicle manufacturers [5]. Summary by Sections Industry Basic Data - The electric vehicle industry comprises 300 listed companies with a total market capitalization of 48,588.68 billion and a circulating market capitalization of 42,362.62 billion [2]. Relative Index Performance - The absolute performance of the industry over the past month is 2.5%, with a 6-month performance of -8.5% and a 12-month performance of 3.3%. The relative performance shows a 0.6% increase over the past month, a -6.5% decrease over 6 months, and a -3.5% decrease over 12 months [3]. Delivery Performance - The report details the delivery performance of various new energy vehicle manufacturers in May 2025, with significant year-on-year growth for brands like Xiaopeng (230%), Li Auto (17%), and others, indicating a robust market demand [5].