| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-009 | | --- | --- | --- | | 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 关于召开 2025 年第一次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025 年第一次临时股东大会 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 3 月 5 日 股东大会召开日期：2025年3月5日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 至 2025 年 3 月 5 日 召开日期时间：2025 年 3 月 5 日 14 点 45 分 召开地点：广东省梅 ...

Financial Performance - In 2024, the company expects a net loss attributable to shareholders of between -265 million and -195 million CNY, compared to the previous year[2]. - The net profit excluding non-recurring gains and losses is projected to be between -330 million and -245 million CNY[2]. - The decline in profit is primarily due to intense competition in the lithium battery copper foil industry, leading to a significant drop in processing fees and product gross margins[2]. - The final impact of the projected losses will be confirmed in the audited annual report for 2024[2]. Credit and Impairment - The company has seen an increase in accounts receivable due to higher sales and a slight relaxation of credit policies for major customers, resulting in a notable increase in credit impairment losses compared to the previous year[2]. - The company has recognized impairment provisions for assets showing signs of impairment[2]. - Interest expenses have increased due to a rise in loans from financial institutions compared to the same period last year[2]. - The company's credit rating has been downgraded to A+ with a stable outlook[1]. - The credit rating for the "Jia Yuan Convertible Bonds" has also been downgraded to A+[1]. Operational Monitoring - The company will continue to monitor the situation and disclose any changes in its operational and financial status[3].

Core Viewpoint - 嘉元科技 expects a significant increase in revenue for 2024, projecting between 600 million to 700 million yuan, representing a year-on-year growth of 20.76% to 40.88% [1] Group 1: Financial Performance - The company anticipates an increase in revenue of 103.14 million to 203.14 million yuan compared to the previous year [1] - Sales of various copper foil products are expected to reach approximately 67,500 tons, marking a growth of 17.19% from 2023 [1] - The performance is impacted by increased competition in the lithium battery copper foil industry and rising credit impairment losses [1] Group 2: Market Expansion and Strategy - 嘉元科技 is actively exploring international markets while maintaining its domestic market position, aiming to enhance brand recognition [2] - The company has established partnerships with international battery manufacturers, laying the groundwork for expansion into European and other overseas markets [2] - 嘉元科技 plans to leverage its product advantages and comprehensive service capabilities to drive international sales and diversify its development [2] Group 3: Research and Development - The company is focusing on the development of advanced copper foil technologies, including composite, micro-hole, single crystal, and new special copper foils [3] - 嘉元科技's products are essential for various electronic components and semiconductor devices, meeting the demand for lightweight and thin electronic products [3] - Recent advancements include breakthroughs in high-performance electronic circuit copper foils, contributing to the domestic replacement process [3][4] Group 4: Industry Trends - The copper foil processing fees have reached a bottom, with some products experiencing a slight increase, indicating a stable pricing environment [5] - The lithium battery copper foil market is expected to consolidate around leading companies as competition intensifies [5]

Financial Projections - The company expects 2024 annual revenue to be between 600 million and 700 million yuan, an increase of 20.76% to 40.88% compared to the previous year[5]. - The projected net loss attributable to shareholders for 2024 is between 265 million and 195 million yuan, indicating a significant decline from a profit of 19.03 million yuan in the previous year[5][7]. - The projected net profit excluding non-recurring items for 2024 is expected to be between -330 million and -245 million yuan[5]. Sales Performance - The company sold approximately 67,500 tons of various copper foil products in the reporting period, representing a 17.19% increase compared to 2023[9]. Strategic Initiatives - The company plans to enhance R&D capabilities, focusing on high-end and customized copper foil products to meet evolving customer demands[9][10]. - The company aims to expand its market presence by increasing marketing efforts and exploring international markets to enhance brand recognition[10]. - The company will implement cost reduction and efficiency improvement measures, including optimizing material management and operational efficiency[10]. - The company is actively seeking investment opportunities in the new energy and advanced manufacturing sectors to strengthen its core business[11]. Market Challenges - The company faced pressure on profitability due to intensified competition in the lithium battery copper foil industry and a significant decline in processing fees[9]. - The performance forecast data has not been audited by a registered accountant, and investors are advised to be cautious[12][13].

广东嘉元科技股份有限公司 第五届董事会2025年第一次独立董事专门会议决议 广东嘉元科技股份有限公司（以下简称"公司"）第五届董事会 2025 年第一次独立董事专门会议于 2025 年 1 月 2 日在公司会议室以 通讯方式召开。本次会议通知于 2024年 12月 27 日发出,与会的各 位独立董事已知悉与所议事项相关的必要信息。本次会议由全体独立 董事共同推举的廖朝理先生召集和主持,会议应出席独立董事3名, 实际出席独立董事3名。本次会议的召集、召开和表决程序符合《上 海证券交易所科创板股票上市规则》《上市公司独立董事管理办法》 等相关法律法规及规范性文件和《广东嘉元科技股份有限公司章程》 (以下简称"《公司章程》"》《广东嘉元科技股份有限公司独立董事工 作制度》的有关规定,会议及其决议合法有效。 表决结果:同意３票，反对０票，弃权０票。 （以下无正文） and and the subject of the state of the subject of the subject of the subject of the subject of the subject of the subject of th ...

（一）审议通过《关于退出合伙企业暨关联交易的议案》 （1）监事会认为：经审议，因深圳春阳旭阳创业投资合伙企业（有限合伙） （以下简称"合伙企业"）完成对广西睿奕新能源股份有限公司的投资，本次公 司退出合伙企业暨关联交易事项有利于回笼资金，进一步聚焦主营业务，提高资 产运营效率，定价遵循公平、公正、公开的原则，符合公司及股东的利益，不存 在损害公司及其股东特别是中小股东利益的情形。监事会同意本次完成项目投资 并退出合伙企业暨关联交易事项。 | 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-004 | | --- | --- | --- | | 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 第五届监事会第二十五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在虚假记载、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、监事会会议召开情况 广东嘉元科技股份有限公司（以下简称"公司"）第五届监事会第二十五次 会议（以下简称"会议"）于2024年1月2日以现场结合通讯表决方式召开。本次 会议通知于2024年12月27 ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-003 | | --- | --- | --- | | 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 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 2024 年 10 月 1 日至 2024 年 12 月 31 日期间，"嘉元转 债"共有人民币 9,000 元已转换为公司股票，转股数量为 214 股，占"嘉元转 债"转股前公司已发行股份总额的 0.0001%。自 2021 年 9 月 1 日至 2024 年 12 月 31 日，累计共有人民币 261,615,000 元已转换为公司股票，累计转股数量 3,322,493 股，占"嘉元转债"转股前公司已发行股份总额的 1.4391%。 5、因公司实施 2023 年度权益分派方案，自 2024 年 7 月 3 日起转股价格由 50.48 元/股调整为 50.47 元/股，具体内容详见公司于 2024 年 6 ...

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 2024 年 12 月 31 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三十七次会议审议，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 2025 年 1 月 2 日至 2025 年 2 月 1 日），若再次触发"嘉元转债"转股价格向下修正条款，亦不提出向下 修正方案。 一、可转换公司债券上市发行概况 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，每张面值 100 元， 发行总额 124,000.00 万元。本次发行的可转换公司债券的期限为自发行之日起 六年，即自 2021 年 2 月 23 日至 2027 年 2 月 22 日。 | 证券代码：688388 | 证券简称：嘉元 ...

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company is the third-largest copper foil supplier in China, with a significant focus on lithium battery applications [2][4] - The company has entered into a long-term procurement contract for 70,000 tons of electrolytic copper, amounting to approximately 5.066 billion [41] - The procurement strategy has shifted from "sales-based procurement" to a more stable long-term contract model, reducing sensitivity to market price fluctuations [8][42] - The company’s production capacity is expected to support the increased procurement volume, with a total copper foil capacity exceeding 100,000 tons per year [13][19] Summary by Sections Company Overview - The company primarily processes copper into copper foil, which is a critical component in lithium batteries, accounting for about 9% of battery costs [18][45] - The company’s main products include high-performance lithium battery copper foil and standard copper foil for PCB applications [43] Market Dynamics - The copper market is influenced by global economic conditions, with recent price fluctuations reflecting supply and demand dynamics [9][22] - The company’s revenue is heavily reliant on its relationship with CATL, which accounts for nearly 70% of its income [25] Production and Capacity - The company has reported a production volume of approximately 58,000 tons of copper foil in 2023, with a forecast of 25,000 tons for the first half of 2024 [19] - The company’s production loss rate during processing is between 0.1% and 0.3%, indicating efficient conversion of raw materials to finished products [7] Financial Performance - The company has faced challenges with profitability, as indicated by a significant drop in gross margins, with the latest figures showing a gross margin of only 2% for the first three quarters of 2024 [58] - The report highlights concerns about overcapacity in the copper foil industry, with predictions of further increases in excess capacity by 2025 [33][56] Future Outlook - The company’s large-scale procurement may signal a strategic bet on current copper prices being at a low point, while also indicating anticipated growth in product demand [46] - The lithium battery market is projected to grow significantly, with expected shipments reaching 1,456 GWh by 2025, which aligns with the company’s procurement strategy [53]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2024-105 | | --- | --- | --- | | 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 2024 年 12 月 11 日起算。截至 2024年12月24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"中国证监会" ...