| | | 广东嘉元科技股份有限公司 可转债转股结果暨股份变动公告 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： 转股情况：自 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，"嘉元转债" 共有人民币 21,000 元已转换为公司股票，转股数量为 500 股，占"嘉元转债" 转股前公司已发行股份总额的 0.0002%。自 2021 年 9 月 1 日至 2025 年 6 月 30 日，累计共有人民币 261,652,000 元已转换为公司股票，累计转股数量 3,323,375 股，占"嘉元转债"转股前公司已发行股份总额的 1.4395%。 未转股可转债情况：截至 2025 年 6 月 30 日，"嘉元转债"尚未转股的 可转债金额 978,348,000 元，占"嘉元转债"发行总量的 78.8990%。 一、可转债发行上市概况 经中国证券监督管理委员会证监许可〔2021〕180 号文同意注册，公司于 2021 年 2 月 23 日向不特定对象发行了 1,240 万张可转换公司债券，每张面 ...

Group 1 - The core viewpoint of the article highlights that Jia Yuan Technology has shown significant growth in revenue and profitability, with a projected revenue of 1.981 billion yuan in Q1 2025, representing a 113% increase year-on-year, and a net profit of 24.4564 million yuan, marking a turnaround from losses [1] - Jia Yuan Technology anticipates continued growth in profitability in the second half of this year, driven by an increase in high-value-added products, the introduction of overseas clients, and sales expansion [1] - The company’s copper foil products include lithium battery copper foil and electronic circuit copper foil, focusing on high-tech products such as ultra-high strength and special alloy copper foil, and is advancing domestic alternatives for high-end electronic circuit copper foil [1] Group 2 - Jia Yuan Technology has made breakthroughs in the research and development of copper foil for solid-state batteries, including high specific surface area copper foil and composite copper foil, and has begun supplying solid-state battery copper foil to five companies [1] - The company has developed relationships with top overseas battery enterprises, with product gross margins exceeding those in the domestic market, and is actively entering emerging overseas markets [1] - Jia Yuan Technology believes that its current stock price does not accurately reflect its long-term intrinsic value and will continue to strengthen its operational management to solidify its foundation for conversion [1]

Conference Announcement - The 2025 High-Performance New Energy Materials Industry Conference will be held on July 8-9, 2025, in Chengdu, Sichuan, focusing on new materials, new dynamics, and new ecology [1] Company Developments - Jia Yuan Technology has made commercial progress in solid-state battery copper foil, supplying products to five leading battery companies, which are also applicable in low-altitude economic scenarios like eVTOL testing [2] - Defu Technology has signed supply agreements for lithium battery copper foil products with two major companies in the photovoltaic and consumer battery sectors [3] - Tangshan Hengwang New Energy Materials has commenced trial production of a 200,000-ton lithium iron phosphate project, with a total investment of 5.5 billion yuan, expected to achieve mass production by October 2025 [5] - Zhenhua New Materials has achieved hundred-ton level shipments of solid electrolyte and modified ternary materials for high energy density applications, establishing cooperation with major downstream clients [7] Equipment Collaborations - Keheng Co., Ltd. has signed a strategic cooperation agreement with Beijing Pure Lithium New Energy Technology to build a full-chain strategic partnership involving solid-state lithium-ion battery production equipment and materials [9] Overseas Expansion - EVE Energy plans to invest up to 8.654 billion yuan in a new energy storage battery project in Kedah, Malaysia, to enhance its global strategy and meet rising market demand [11] - Xingyuan Materials has completed the first phase of its ASEAN base in Malaysia, with an annual production capacity of 2 billion square meters for lithium battery separators [13] - CATL has officially commenced construction of its joint venture factory in Indonesia, with an initial capacity of 6.9 GWh, expected to expand to 15 GWh by the end of 2026 [15] - Tesla's first lithium iron phosphate battery factory in North America is nearing completion in Sparks, Nevada, adjacent to its existing Gigafactory [17] - Nandu Power has secured a large order for a 1.4 GWh energy storage system for a major solar project in India, marking one of the largest single energy storage projects in the country [19]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-071 | | --- | --- | --- | | 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 为满足购买理财产品的需要，广东嘉元科技股份有限公司（以下简称"公司"） 将 在 中 国 农 业 银 行 股 份 有 限 公 司 梅 州 梅 县 支 行 开 立 的 账 户 （ 账 号 ： 44181001040014218）指定为公司 2021 年度向特定对象发行股票募集资金理财产 品专用结算账户，具体内容详见公司于 2023 年 3 月 14 日在上海证券交易所网站 （www.sse.com.cn）披露的《广东嘉元科技股份有限公司关于指定理财专用结算 账户并签订募集资金三方监管协议的公告》（公告编号：2023-022）。 关于注销部分理财产品专用结算账户的公告 二、募集资金理财产品专用结算账户的注销情况 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。 截至本公告披露日，公司在中国农业银行股份有限公司梅州梅县支行 ...

Company Overview - Guangdong Jiayuan Technology Co., Ltd. is a leading enterprise in the electrolytic copper foil industry, with a production capacity exceeding 110,000 tons per year by the end of 2024 [1] - The company has maintained stable long-term relationships with core customers, with sales to these customers accounting for 67.46%, 69.37%, and 65.81% of total sales from 2022 to 2024 [1][2] - Jiayuan Technology's main products include lithium battery copper foil and standard copper foil, with lithium battery copper foil accounting for over 90% of the revenue from copper foil business [1][13] Financial Performance - In 2024, Jiayuan Technology reported a copper foil production of 67,000 tons and sales of 67,700 tons, with total revenue of 6.522 billion yuan and a net loss of 246 million yuan [1][5] - The company's asset scale reached 13.045 billion yuan, with total debt of 4.786 billion yuan, resulting in an asset-liability ratio of 45.98% [5] - The company has experienced unstable profitability, with significant losses in 2024, although it turned a profit in the first quarter of 2025 [2][5] Industry Context - The electrolytic copper foil industry in China is experiencing overcapacity, leading to fierce competition and declining processing fees, which have resulted in widespread losses among listed companies in 2024 [2][13] - Despite the overcapacity, the demand for lithium battery copper foil is expected to grow due to the rapid development of the downstream market, particularly in the electric vehicle and energy storage sectors [13][14] - The industry is characterized by a high concentration of production capacity, with Jiayuan Technology being one of the top players alongside companies like Defu Technology and Nord New Materials [4][13] Research and Development - Jiayuan Technology has maintained a high level of R&D investment, with R&D expenses accounting for over 4% of revenue from 2022 to 2024 [1] - The company has achieved mass production of ultra-thin electrolytic copper foil products, including 5μm and 4.5μm thicknesses, and has developed the core technology for producing 3.5μm ultra-thin copper foil [1][2] Capital Structure - The company has a robust capital structure with accessible financing channels, having raised funds through convertible bonds and private placements in 2021 and 2022 [2] - By the end of 2024, Jiayuan Technology's debt capitalization ratio was 40.45%, indicating a relatively low level of debt compared to its total capital [2][5] Market Trends - The demand for lithium battery copper foil is expected to continue growing, driven by the expansion of the electric vehicle market and energy storage applications [13][14] - The overall market for electrolytic copper foil is anticipated to gradually stabilize as the supply-demand imbalance is addressed in the coming years [13]

Core Viewpoint - Guangdong Jiayuan Technology Co., Ltd. is a leading enterprise in the electrolytic copper foil industry, with significant scale advantages and stable customer relationships, but faces challenges due to industry overcapacity and fluctuating profitability [2][3][4]. Advantages - Jiayuan Technology is a top-tier player in the electrolytic copper foil industry, with production capacity exceeding 110,000 tons per year by the end of 2024, and production and sales have been growing, reaching 67,000 tons and 67,700 tons respectively in 2024 [2]. - The company maintains high R&D investment, with a focus on ultra-thin electrolytic copper foil products, achieving mass production of 5μm and 4.5μm products, and mastering the core technology for 3.5μm products [2]. - Jiayuan has established stable long-term relationships with key customers, with sales to major clients accounting for over 65% of total sales from 2022 to 2024 [2]. - The company has a robust capital structure and smooth financing channels, with a debt-to-asset ratio of 45.98% and a total debt capitalization ratio of 40.45% by the end of 2024 [2]. Concerns - The company's profitability has been unstable, with significant losses in 2024 due to declining processing fees for electrolytic copper foil; however, it turned a profit in Q1 2025, albeit at a low level [2][3]. - The electrolytic copper foil industry is experiencing overall overcapacity and intense competition, leading to a decline in processing fees and profitability across the sector [3]. - Jiayuan's diversification efforts into copper wire sales, photovoltaic energy storage, and new materials are still under observation, with only the copper wire business achieving a certain scale by the end of 2024 [3]. - The company's information disclosure and regulatory compliance have room for improvement, as it has faced multiple regulatory measures in recent years [3]. Industry Comparison - Compared to peer companies, Jiayuan Technology has higher product sales and revenue scale, but all companies in the comparison group reported losses in 2024; Jiayuan's debt ratios are lower, indicating stronger short-term solvency [4][6]. - In 2024, Jiayuan's copper foil production and sales reached 67,000 tons and 67,700 tons, ranking second among comparable companies [4]. - The company has a high customer concentration, with over 80% of sales coming from its top five customers in 2024, significantly higher than its peers [4][6]. Business Status - Jiayuan Technology is a significant player in the electrolytic copper foil industry, with a focus on R&D, manufacturing, and sales of various copper foil products, primarily lithium battery copper foil [14]. - The company has seen a recovery in the electrolytic copper foil market in Q1 2025, achieving a revenue of 1.981 billion yuan, a year-on-year increase of 113% [14][16]. - Jiayuan's copper foil products are primarily used in lithium-ion batteries, with over 90% of its copper foil business revenue coming from lithium battery copper foil from 2022 to 2024 [13][14]. Production Capacity - By the end of 2024, Jiayuan's total copper foil production capacity reached over 110,000 tons, with plans to expand to over 200,000 tons by 2029 [19][20]. - The company has multiple production bases across the country, with a significant portion of sales concentrated in East, South, and Southwest China, accounting for over 90% of copper foil sales in 2024 [18][19]. Customer Base - Jiayuan's largest customer is Ningde Times, accounting for over 60% of its copper foil sales, with total sales to this customer reaching 4.292 billion yuan in 2024 [21].

广东嘉元科技股份有限公司（以下简称"公司"）于 2022 年 2 月 8 日召开了 第四届董事会第二十六次会议，审议通过了《关于对外投资暨设立全资子公司的 议案》，拟由公司投资设立全资子公司广东嘉元供应链管理有限公司（以下简称 "嘉元供应链"），具体内容详见公司于 2022 年 2 月 9 日在上海证券交易所网站 (www.sse.com.cn)披露的《广东嘉元科技股份有限公司关于对外投资暨设立全资 子公司的公告》(公告编号：2022-011)。公司于 2022 年 3 月 3 日在上海证券交 易所网站(www.sse.com.cn)披露了《广东嘉元科技股份有限公司关于全资子公司 取得营业执照的公告》(公告编号：2022-020)，嘉元供应链取得了由梅州市梅县 区市场监督管理局核发的《营业执照》，完成了工商注册登记手续。 二、对外投资进展情况 | | | 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 关于对外投资的进展公告 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。 一、对外投资情况概述 三、注 ...

广东嘉元科技股份有限公司 2025 年主体信用评级报告 普策信评【2025】0012 号 广州普策信用评价有限公司 Philomax Credit Rating Co., Ltd | 评级主体 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 公司名称 广东嘉元科技股份有限公司 | | 评级类型 | 委托评级 | | | | | 所属行业 | 电子专用材料制造 | 主体信用等级 | A+ | | | | | 评级方法 | 晋荣- 一般工商企业主体通用信用评级方法及 | 债项信用等级 | = | | | | | 及模型 | 模型(2024-05) (版本号: PJFFMX-GSTY- | 评级展望 | 稳定 | | | | | 202405) | | 评级日期 | 2025/6/20 | | | | | 公司简介 | | 公司合并口径 | 2022 | 2023 | 2024 | 2025. 3 | | 东嘉元科技股份有限公司(简称"嘉元科技"或"公 | | 营业收入(亿元) | 46. 41 | 49. 69 | 65. 22 | 19.8 ...

广东嘉元科技股份有限公司 向不特定对象发行可转换公司债券 2025 年信用评级报告 普策信评【2025】0015 号 广州普策信用评价有限公司 Philomax Credit Rating Co., Ltd 广东嘉元科技股份有限公司向不特定对象发行可转换公司债券 2025 年信用评级报告 嘉元科技是电解铜箔行业头部企业，具备一定的规模优势。嘉元科技是国内电解铜箔行业第一梯队 企业，截至 2024 年末电解铜箔产能超过 11 万吨/年，近年来电解铜箔产、销量均保持增长，在 2024 年 分别达到 6.70 万吨、6.77 万吨。 公司保持较高的研发投入，核心产品具备较强的竞争力。公司 5μm、4.5μm 极薄电解铜箔已实现批 量生产销售，并掌握了 3.5μm 极薄电解铜箔的生产工艺核心技术、具备量产能力，具备很强的市场竞争 力。2022～2024 年，公司研发投入持续增长、占营业收入比例保持在 4%以上。 | 评级主体 评级结果 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 公司名称 | 广东嘉元科技股份有限公司 | 评级类型 | | 委 ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-070 | | --- | --- | --- | | 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 关于对外投资的进展公告 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。 公司于 2025 年 6 月 26 日收到梅州市梅县区市场监督管理局出具的《登记通 知书》，上述注销登记手续已办理完毕。 根据《上海证券交易所科创板股票上市规则》和《广东嘉元科技股份有限公 司章程》等相关规定，本次终止对外投资暨注销全资子公司事项无需提交董事会、 股东大会批准。本次注销事项不涉及关联交易，亦不构成《上市公司重大资产重 组管理办法》规定的重大资产重组。 三、注销全资子公司对公司的影响 本次注销完成后，嘉元供应链将不再纳入公司合并报表范围，经公司财务部 门初步测算，本次注销预计不会对公司合并报表财务数据产生实质性的影响，最 终以经审计数据为准。 本次注销全资子公司不会影响公司的现有业务及生产运营，不存在损害上市 公司和股东利益的情 ...