近日，中国上市公司协会发布"2024年报业绩说明会最佳及优秀实践"评选结果，金博股份凭借规范化、创新化的 投资者沟通实践成功入选中国上市公司协会"上市公司2024年报业绩说明会优秀实践"名单。 上市公司2024年报业绩说明会 香实品 金博股份(688598) 2025 作为衡量国内上市公司治理与投资者关系管理水平的权威标杆，中国上市公司协会年报业绩说明会实践评选活动 旨在引导上市公司提升业绩说明会沟通实效与价值传递能力，积极传递公司价值，推动资本市场持续健康发展。 金博股份自上市以来，一直高度重视投资者关系管理，通过上交所E互动平台、上交所业绩说明会、投资者交流 会、股东会、投资者热线、邮箱及公众号等多样化渠道，全方位搭建与投资者的沟通桥梁。同时，公司积极参加 湖南辖区投资者网上集体接待日，开展"我是股东"走进沪市上市公司活动，通过线上线下联动的方式，全面传递 经营动态、战略布局与社会责任，高效回应市场关切，切实搭建起企业价值与市场认知之间的坚实纽带，助力营 造理性投资、价值投资、长期投资的良好市场氛围。 未来，金博股份将继续积极探索多元化的投资者沟通新模式，以投资者需求为导向，不断优化信息披露与价值传 递机 ...

湖南大学经济与贸易学院副院长曹二保教授向《证券日报》记者表示："当前欧盟汽车生产企业迫切需 要低成本、高可靠的汽车零部件供应商提供支持，以巩固其全球市场份额。中国汽车零部件企业已掌握 核心竞争力，乘势崛起正当其时。预计未来中国与欧盟的汽车产业链合作将愈加紧密。同时，我国也在 抓紧制定第七阶段机动车污染物排放标准，这对掌握先进技术和核心产品的中国汽车零部件企业而言， 正是脱颖而出的绝佳时机。" 11月29日至12月7日，Essen Motor Show(以下简称"德国埃森汽车展")在德国埃森国际展览中心举办。该 展会与美国SEMASHOW、日本TOKYO AUTO SALOON并称世界三大改装车展。湖南上市公司湖南金 博碳素股份有限公司(以下简称"金博股份")携旗下拳头产品碳陶刹车器亮相展会，获得欧洲汽车市场的 广泛关注。 《证券日报》记者了解到，2022年11月10日，欧盟委员会公布了"欧洲第七阶段排放标准"提案(以下简 称"欧7标准提案")。该提案对汽车刹车器颗粒物排放有明确规定：在欧盟注册的新生产汽车，其刹车器 颗粒物排放量应阶段性收紧，从7毫克/公里降至3毫克/公里。当前汽车普遍装备铸铁刹车器，颗粒物排 ...

Core Insights - Multiple listed companies are focusing on the silicon-carbon anode sector, with products entering small-scale testing and actively advancing pilot production [1] - The silicon-carbon anode material is expected to experience rapid growth, with a significant boom anticipated in 2026 [1] Company Developments - Jiangxi Hengda High-tech Co., Ltd. reported that its silicon-carbon anode project is progressing well, achieving small-scale supply, with a thousand-ton production line in installation and debugging [1] - Zhenjiang Dongfang Electric Heating Technology Co., Ltd. is manufacturing production equipment for silicon-carbon anodes [1] - Hunan Zhongke Electric Co., Ltd. is investing in the silicon-carbon anode sector, with existing products passing evaluations from multiple clients and set to enter mass production [1] - Shanghai Xiangfenghua Technology Co., Ltd. has delivered silicon-carbon anode products for testing to several battery manufacturers, planning small-scale trial production in 2025 [1] Industry Insights - Silicon-carbon anodes offer significant advantages, including a theoretical capacity over ten times that of traditional graphite, enhancing the endurance of electric vehicles and consumer electronics [2] - The main challenge for silicon-carbon anodes is their high cost, with premium products priced about eight times higher than traditional graphite [2] - Companies are focusing on reducing costs, particularly in the porous carbon segment, which constitutes 40% to 80% of the total cost [2] - The two main production pathways for porous carbon are high-priced resin and biomass materials, each with distinct advantages and disadvantages [2] - The industry anticipates that 2026 will be a pivotal year for technological breakthroughs in silicon-carbon anodes, with costs potentially becoming competitive with traditional graphite [3]

| 成交量 | 成交金 | 成交价 | 相对当日收 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 盘折溢价 | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | （%） | | | | 12.00 | 346.56 | 28.88 | 0.14 | 中信建投证券股份有限公司 | 中信建投证券股份有限公司 | | | | | | 长沙市芙蓉中路证券营业部 | 长沙市芙蓉中路证券营业部 | （文章来源：证券时报网） 金博股份11月25日大宗交易平台出现一笔成交，成交量12.00万股，成交金额346.56万元，大宗交易成交 价为28.88元，相对今日收盘价溢价0.14%。该笔交易的买方营业部为中信建投证券股份有限公司长沙市 芙蓉中路证券营业部，卖方营业部为中信建投证券股份有限公司长沙市芙蓉中路证券营业部。 两融数据显示，该股最新融资余额为5.94亿元，近5日减少898.16万元，降幅为1.49%。（数据宝） 11月25日金博股份大宗交易一览 证券时报·数据宝统计显示，金博股份今日收盘价为28.84元，上涨0.14%，日换手 ...

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 反崇垫五日思 025-11-25 | 金博股份 | 688598 | 28.88 346.56 | 12 | 我想要曾是多年度 | 甜點點點 | ко | 11月25日，金博股份大宗交易成交12万股，成交额346.56万元，占当日总成交额的3.87%，成交价28.88 元，较市场收盘价28.84元溢价0.14%。 ...

Core Insights - Jinbo Carbon Co., Ltd. has received recognition from clients in the photovoltaic, hydrogen energy, and automotive sectors for its products, processes, and technologies [1] - The company was awarded the "Value Partner Award" by Tongwei Co., Ltd. during the 8th China International Photovoltaic and Energy Storage Industry Conference, highlighting its comprehensive strength and innovative value in the photovoltaic materials sector [1] Group 1 - On November 20, Jinbo's subsidiary, Hunan Jinbo Hydrogen Energy Technology Co., Ltd., signed a strategic cooperation framework agreement with Zhejiang Fengyuan Hydrogen Energy Technology Co., Ltd. to collaborate on key materials for fuel cells, product validation, and domestic application [2] - Fengyuan Hydrogen Energy, established in May 2018, holds over 150 patents related to fuel cells, including more than 100 invention patents, and provides hydrogen energy solutions for vehicles and power stations [2] Group 2 - From November 19 to November 21, a team of experts from Mercedes-Benz Group AMG conducted a comprehensive audit of Jinbo, focusing on production process compliance, product quality control, supply chain management, and after-sales service standards [2] - The AMG experts visited Jinbo's research institute and evaluated the company's performance in quality control, technology application, and order delivery, providing positive feedback and recognition [2][4]

Group 1 - The core point of the news is that Jinbo Co., Ltd. experienced a 5.02% decline in stock price, closing at 30.30 yuan per share, with a total market capitalization of 6.289 billion yuan [1] - Jinbo Co., Ltd. was established on June 6, 2005, and went public on May 18, 2020. The company specializes in the research, production, and sales of advanced carbon-based composite materials and products [1] - The main revenue composition of Jinbo Co., Ltd. includes products for the lithium battery sector at 48.39%, photovoltaic and semiconductor sectors at 26.09%, transportation sector at 24.88%, and other supplementary products at 0.65% [1] Group 2 - Among the top ten circulating shareholders of Jinbo Co., Ltd., a fund under Invesco Great Wall is notable. The Invesco Great Wall New Energy Industry Stock A (011328) reduced its holdings by 3,308 shares in the third quarter, now holding 4.1106 million shares, which is 2.01% of the circulating shares [2] - The Invesco Great Wall New Energy Industry Stock A (011328) was established on February 22, 2021, with a latest scale of 2.468 billion yuan. Year-to-date returns are 33.18%, ranking 1468 out of 4212 in its category, while the one-year return is 31.54%, ranking 1295 out of 3956 [2]

Core Viewpoint - Jinbo Co., Ltd. has experienced a stock price decline of 2.02% on November 17, with a current price of 31.45 CNY per share, despite a year-to-date increase of 49.34% [1] Financial Performance - For the period from January to September 2025, Jinbo Co., Ltd. achieved a revenue of 618 million CNY, representing a year-on-year growth of 40.34%. However, the net profit attributable to shareholders was -276 million CNY, a decrease of 88.84% compared to the previous year [2] - Cumulative cash dividends since the A-share listing amount to 104 million CNY, with 23.52 million CNY distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 7.13% to 14,300, while the average circulating shares per person decreased by 6.66% to 14,262 shares [2] - The top ten circulating shareholders include notable entities such as Invesco Great Wall New Energy Industry Fund and Hong Kong Central Clearing Limited, with some shareholders reducing their holdings [3] Business Overview - Jinbo Co., Ltd. specializes in the research, production, and sales of advanced carbon-based composite materials, with its main revenue sources being lithium battery products (48.39%), photovoltaic and semiconductor products (26.09%), and transportation products (24.88%) [1] - The company is categorized under the power equipment industry, specifically in photovoltaic equipment and materials, and is associated with concepts such as silicon carbide and third-generation semiconductors [1]

Core Insights - The company reported a revenue of 618 million yuan for the first three quarters of 2025, representing a year-on-year growth of 40.34% [1] - The net profit attributable to shareholders was -276 million yuan, indicating a loss [1] - In Q3 2025, the company achieved a revenue of 207 million yuan, showing a significant year-on-year increase of 113.14%, but a quarter-on-quarter decline of 17.39% [1] Financial Performance - The company maintained a high R&D expenditure of 36 million yuan in Q3 2025, while other expenses related to sales, management, and finance remained stable [2] - The gross profit margin for Q3 2025 was -6.8%, reflecting the impact of reduced revenue from the photovoltaic sector and decreased operating rates [2] - The company recognized an asset impairment loss of 3.8 million yuan [2] Strategic Focus - The company is deeply engaged in the advanced carbon-based materials sector, focusing on the industrialization platform strategy and expanding applications in transportation and lithium battery fields [2] - To address intense market competition, the company is implementing quality improvement, cost reduction, and efficiency enhancement measures, while maintaining a high proportion of R&D investment [2] - The company is actively adjusting its market focus to enhance the market expansion of new business areas and diversify its advanced carbon-based material products [2] Future Outlook - The ongoing recovery in silicon wafer prices and profitability is expected to improve the company's thermal field profits as the photovoltaic sector continues to evolve [2] - The company is committed to ongoing innovation in new products and technologies, particularly in promoting carbon-ceramic brake discs, lithium battery thermal field components, and porous carbon products [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company has reported a clear bottom in profitability and is awaiting the ramp-up of new business [5] - In the first three quarters of 2025, the company achieved revenue of 618 million yuan, a year-on-year increase of 40.34%, while the net profit attributable to the parent company was -276 million yuan [5][6] - In Q3 2025, the company recorded revenue of 207 million yuan, representing a year-on-year growth of 113.14%, but a quarter-on-quarter decline of 17.39%, with a net profit of -108 million yuan [5][6] Summary by Sections Company Overview - The company focuses on advanced carbon-based materials and aims to expand applications in transportation and lithium batteries, driving overall revenue growth [12] - New business segments in lithium batteries and transportation are expected to maintain high growth, although revenue from the photovoltaic sector has decreased [12] Financial Performance - The company reported a gross margin of -6.8% in Q3 2025 due to a competitive market environment and operational challenges [12] - R&D expenses for Q3 2025 were 36 million yuan, while other expenses remained stable [12] - The company recognized asset impairment losses of 38 million yuan [12] Future Outlook - The ongoing progress in photovoltaic industry restructuring is expected to restore profits in the silicon wafer segment [12] - The company is actively promoting new products and technologies, focusing on carbon-ceramic brake discs, lithium battery thermal components, and porous carbon, with potential for future volume growth [12]