证券代码：688499 证券简称：利元亨 公告编号：2025-062 基本情况 | 投资金额 | 不超过人民币 15,000 万元（含本数） | | --- | --- | | 投资种类 | 安全性高、流动性好、满足保本要求的低风险产品（包 | | | 括但不限于结构性存款、定期存款、大额存单、证券公 | | | 司固定收益凭证等） | | 资金来源 | 募集资金 | 已履行的审议程序 广东利元亨智能装备股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日召开第三届董事会第十六次会议，审议通过《关于使用部分暂时闲置募集资金 进行现金管理的议案》，同意公司在确保不影响募投项目正常实施及募集资金安 全的前提下，使用不超过人民币 15,000 万元（含本数）的可转债暂时闲置募集 资金进行现金管理，使用期限自董事会审议通过之日起 12 个月内有效。在不超 过上述额度及决议有效期内，资金可循环滚动使用。保荐人中信证券股份有限公 司已对本事项出具了明确无异议的核查意见。该事项无需提交股东会审议。 特别风险提示 公司本次使用部分暂时闲置募集资金进行现金管理，仅投资于安全性高、流 动性好、满足保本要求的低风险 ...

证券代码：688499 证券简称：利元亨 公告编号：2025-061 广东利元亨智能装备股份有限公司 关于使用部分闲置募集资金暂时补充流动资金的公告 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。 二、募集资金投资项目情况 根据《广东利元亨智能装备股份有限公司向不特定对象发行可转换公司债券募集 说明书》及《广东利元亨智能装备股份有限公司关于拟调整部分募集资金投资项目投 入募集资金金额的公告》（公告编号：2022-086），公司可转债募集资金投资项目的具 体情况如下表所示： 1 单位：万元人民币 | 序号 | 项目名称 | 投资总额 | 拟投入募集资金 | | --- | --- | --- | --- | | 1 | 锂电池前中段专机及整线成套装备 产业化项目 | 114,939.87 | 68,993.44 | | 2 | 补充流动资金 | 25,000.00 | 25,000.00 | | | 合计 | 139,939.87 | 93,993.44 | 截至2025年6月30日，公司可转债募集资金已使用50,757.2 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥895,155,716.45, representing a year-on-year increase of 90.63%[3] - The total profit for the third quarter was ¥29,795,846.24, with a year-to-date profit of ¥91,037,897.51[3] - The net profit attributable to shareholders for the third quarter was ¥14,082,663.13, while the year-to-date net profit was ¥47,492,854.07[3] - The net profit excluding non-recurring gains and losses for the first three quarters was ¥58,737,100[5] - The net profit for the first three quarters of 2025 is CNY 46,630,045.84, a significant recovery from a net loss of CNY 522,041,106.19 in the same period of 2024[28] - The net profit for the first three quarters of 2025 was ¥62,344,633.73, a significant recovery from a net loss of ¥407,634,598.99 in the first three quarters of 2024[38] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥571,389,636.64, showing a significant increase of 121.17%[3] - The net cash flow from operating activities improved to CNY 571,389,636.64 in 2025, compared to CNY 258,352,801.88 in 2024, indicating a year-over-year increase of about 121%[31] - The cash flow from operating activities for the first three quarters of 2025 was ¥2,335,087,238.74, slightly down from ¥2,349,714,898.69 in the same period of 2024[40] - The net cash flow from operating activities was $374.4 million, a significant increase from $162.3 million in the previous period, reflecting a growth of approximately 130.5%[41] Assets and Liabilities - The company's total assets as of the end of the reporting period were ¥8,127,816,485.17, reflecting a decrease of 7.57% compared to the end of the previous year[4] - Total assets as of September 30, 2025, were ¥8,127,816,485.17, down from ¥8,793,513,269.67 at the end of December 2024[24] - The company's total liabilities decreased from ¥6,822,393,491.02 at the end of 2024 to ¥5,365,317,153.24 by September 30, 2025[35] - Total liabilities decreased to ¥5,838,064,628.53 from ¥6,524,954,750.11, a reduction of approximately 10.52%[24] Research and Development - Research and development expenses totaled ¥96,708,112.99 for the third quarter, accounting for 10.80% of operating revenue, a decrease from 13.29% in the same period last year[4] - Research and development expenses for the first three quarters of 2025 were ¥252,964,246.68, down from ¥313,014,678.68 in 2024, indicating a decrease of about 19.1%[26] - Research and development expenses for the first three quarters of 2025 were ¥155,073,987.23, a decrease from ¥220,645,979.58 in the same period of 2024[37] Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,592[14] - The largest shareholder, Huizhou Liyuanheng Investment Co., Ltd., holds 56,381,965 shares, representing 33.42% of total shares[14] - The company has repurchased a total of 1,413,421 shares, accounting for 0.84% of the total share capital[16] - The employee stock ownership plan has purchased 213,460 shares at an average price of 26.34 RMB per share, totaling 5,622,304.51 RMB[18] - The company plans to use between 30 million and 40 million RMB for share repurchase, with a maximum price of 36.60 RMB per share[19] - The company has not identified any related party relationships among the top shareholders, except for the known relationship between Zhou Junxiong and Lu Jiahong[16] - The employee stock ownership plan has a lock-up period of 12 months, starting from the last transfer of shares to the plan[17] - The company has not reported any changes in the top 10 shareholders due to margin trading or securities lending[17] - The total number of shares held by the top 10 unrestricted shareholders is 66,000,000 shares[15] Operating Costs - Total operating costs decreased to ¥2,425,854,593.96 from ¥2,718,971,872.11, reflecting a reduction of approximately 10.79%[26] - The company incurred a total operating expense of CNY 1,483,067,283.96 in 2025, down from CNY 2,438,132,767.28 in 2024, showing a reduction of about 39%[31] - The company reported a significant reduction in sales expenses, which fell to ¥50,310,184.29 in the first three quarters of 2025 from ¥102,239,820.34 in the same period of 2024[37] Investment and Financing Activities - The investment activities resulted in a net cash outflow of CNY 42,552,843.62 in 2025, an improvement from a net outflow of CNY 85,707,917.62 in 2024[31] - The financing activities generated a net cash outflow of CNY 739,486,212.16 in 2025, compared to a net inflow of CNY 179,035,799.16 in 2024, indicating a shift in financing strategy[31] - Cash inflow from financing activities totaled $455.0 million, down from $866.1 million, a decrease of about 47.5%[41] - The net cash flow from financing activities was -$360.1 million, compared to a positive $23.2 million previously, indicating a significant decline[41] Other Financial Metrics - The weighted average return on equity increased to 0.60%, up by 17.75 basis points from the previous year[4] - The company reported a total comprehensive income of CNY 40,059,603.36 for the first three quarters of 2025, contrasting with a total comprehensive loss of CNY 521,455,242.89 in 2024[28] - Basic and diluted earnings per share for the current period are CNY 0.28, recovering from a loss of CNY 3.82 per share in the previous year[28] - The company reported a foreign exchange loss of CNY 17,030,082.24 affecting cash and cash equivalents in 2025, contrasting with a gain of CNY 3,430,550.20 in 2024[31] Announcement - The announcement was made by the board of directors of Guangdong Liyuanheng Intelligent Equipment Co., Ltd. on October 20, 2025[44]

Core Insights - The company reported a third-quarter revenue of 895 million yuan, representing a year-on-year increase of 90.63% [1] - The net profit for the third quarter was 14.08 million yuan [1] - For the first three quarters, the total revenue reached 2.424 billion yuan, showing a year-on-year growth of 4.37% [1] - The net profit for the first three quarters amounted to 47.49 million yuan [1]

Core Viewpoint - 联芸科技 reported a revenue of 921 million yuan for the first three quarters, reflecting a year-on-year growth of 11.59% [1] - The net profit attributable to shareholders reached 90.06 million yuan, marking a year-on-year increase of 23.05% [1] - The net profit after deducting non-recurring gains and losses was 62.14 million yuan, showing a significant year-on-year growth of 141.76% [1] - The basic earnings per share stood at 0.20 yuan [1] Financial Performance - Revenue for the first three quarters: 921 million yuan, up 11.59% year-on-year [1] - Net profit attributable to shareholders: 90.06 million yuan, up 23.05% year-on-year [1] - Net profit after deducting non-recurring items: 62.14 million yuan, up 141.76% year-on-year [1] - Basic earnings per share: 0.20 yuan [1]

Group 1 - The core viewpoint of the article is that Lianyun Technology (688499.SH) reported a revenue of 921 million yuan for the first three quarters, reflecting a year-on-year growth of 11.59% [1] - The net profit attributable to shareholders of the listed company reached 90.06 million yuan, showing a year-on-year increase of 23.05% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 62.14 million yuan, which represents a significant year-on-year growth of 141.76% [1] - The basic earnings per share stood at 0.20 yuan [1]

证券代码：688499 证券简称：利元亨 公告编号：2025-060 广东利元亨智能装备股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025 年 10 月 24 日（星期五）16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 17 日（星期五）至 10 月 23 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （ir@liyuanheng.com）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 广东利元亨智能装备股份有限公司（以下简称"公司"）将于 2025 年 10 月 21 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2025 年第三季度经营成 ...

证券代码：688499 证券简称：利元亨 公告编号：2025-059 广东利元亨智能装备股份有限公司 2025 年 6 月 19 日，公司已将上述用于暂时补充流动资金的募集资金 1,300 万元提前归还至募集资金专用账户，并及时将募集资金归还情况通知保荐机构和 保荐代表人。具体内容详见公司于 2025 年 6 月 20 日在上海证券交易所网站 （www.sse.com.cn）披露的《广东利元亨智能装备股份有限公司关于提前归还部 分暂时补充流动资金的募集资金的公告》（公告编号：2025-041）。 2025 年 7 月 17 日，公司已将上述用于暂时补充流动资金的募集资金 5,400 万元提前归还至募集资金专用账户，并及时将募集资金归还情况通知保荐机构和 保荐代表人。具体内容详见公司于 2025 年 7 月 18 日在上海证券交易所网站 （www.sse.com.cn）披露的《广东利元亨智能装备股份有限公司关于提前归还部 分暂时补充流动资金的募集资金的公告》（公告编号：2025-045）。 2025 年 10 月 15 日，公司已将上述剩余用于暂时补充流动资金的募集资金 38,300 万元归还至募集资金专用账户 ...

Investment Rating - The report maintains an "Overweight" rating for the lithium battery industry, expecting the industry index to outperform the market index by over 10% in the next six months [5]. Core Insights - In September 2025, the production and sales of new energy vehicles (NEVs) reached historical highs, with production and sales of 1.617 million and 1.604 million units respectively, representing year-on-year growth of 23.7% and 24.6%, and month-on-month growth of 16.25% and 14.98% [4]. - The penetration rate of NEVs in September was 49.7%, up 0.9 percentage points month-on-month, while the year-to-date penetration rate was 46.1% [4]. - Battery sales also saw significant growth, with total battery production reaching 151.2 GWh in September, a month-on-month increase of 8.3% and a year-on-year increase of 35.4% [4]. - The report highlights strong demand for energy storage in both domestic and international markets, with leading battery companies operating at full capacity [4]. Summary by Sections New Energy Vehicle Market - In September 2025, NEV sales reached 1.604 million units, with pure electric vehicle sales at 1.058 million units, showing a year-on-year increase of 36.4% [4]. - Year-to-date NEV sales totaled 11.224 million units, with pure electric vehicles accounting for 7.22 million units, reflecting a year-on-year growth of 44.7% [4]. Battery Production and Sales - In September, the total battery sales were 146.5 GWh, with power batteries accounting for 110.5 GWh, representing 75.5% of total sales [4]. - The report notes that the export of batteries in September was 26.7 GWh, with power batteries making up 17.6 GWh of that total [4]. Investment Recommendations - The report suggests focusing on leading companies in the lithium battery supply chain, particularly those with technological and production advantages in solid-state electrolytes and new materials [4]. - Key companies to watch include CATL, EVE Energy, and others that are actively developing solid-state battery technologies [4].

Core Viewpoint - China's export control on lithium batteries and key materials is set to take effect on November 8, 2025, targeting products with energy density ≥300Wh/kg, which includes critical production technologies and materials [1][12]. Industry Impact - The announcement has led to significant market reactions, with major companies like CATL and Yiwei Lithium Energy experiencing stock declines of 6.82% and 10.96% respectively on October 10 [3]. - The Shenwan Battery Index fell over 4% after three consecutive trading days of decline following the announcement [3]. Company Responses - Companies like Siengda Intelligent and Liyuanheng stated that the new policy's impact on their overall business is minimal, as their overseas orders primarily come from domestic battery manufacturers, which are not subject to the new controls [5][6]. - Rongbai Technology emphasized that the policy is a regulation rather than a prohibition, and it mainly affects products related to semi-solid and solid-state batteries, which do not significantly impact their supply [6][11]. - Companies such as Dingsheng Technology noted that their exports mainly consist of multi-element positive materials, which are not included in the control scope [7]. Market Dynamics - The Chinese lithium battery industry is projected to produce 1170 GWh in 2024, with a total industry output value exceeding 1.2 trillion yuan, reflecting a 24% year-on-year growth [9]. - China supplies approximately 90% of the global lithium battery market, making exports a crucial part of capacity digestion [9]. Long-term Outlook - The export control is expected to reshape the global lithium battery industry landscape, shifting focus from capacity to high-end technology [11]. - The policy may lead to increased emphasis on the domestic market and accelerate the application of high-end battery technologies within China [12].