证券代码：688772 证券简称：珠海冠宇 珠海冠宇电池股份有限公司 2026 年第一次临时股东会 会议资料 二〇二六年四月 2026 年第一次临时股东会会议资料 目 录 | 珠海冠宇电池股份有限公司 年第一次临时股东会会议须知 2 2026 | | | | --- | --- | --- | | 珠海冠宇电池股份有限公司 年第一次临时股东会会议议程 4 | 2026 | | | 珠海冠宇电池股份有限公司 年第一次临时股东会会议议案 7 | 2026 | | | 议案一：关于公司符合向特定对象发行 股股票条件的议案 7 | A | | | 议案二：关于公司 2026 股股票方案的议案 8 | 年度向特定对象发行 | A | | 议案三：关于公司 2026 股股票预案的议案 12 | 年度向特定对象发行 | A | | 议案四：关于公司 股股票方案的论证分析报告的 2026 | 年度向特定对象发行 | A | | 议案 13 | | | | 议案五：关于公司 股股票募集资金使用可行性分 2026 | 年度向特定对象发行 | A | | 析报告的议案 14 | | | | 议案六：关于公司 股股票摊薄即期回报与填 ...

| 证券代码：688772 | 证券简称：珠海冠宇 公告编号：2026-023 | | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | 珠海冠宇电池股份有限公司 关于不向下修正"冠宇转债"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。 特别提示： 截至 2026 年 3 月 20 日，珠海冠宇电池股份有限公司（以下简称"公司"） 股价已触发"冠宇转债"转股价格向下修正条件。 经公司第二届董事会第三十九次会议审议，公司董事会决定本次不向下 修正"冠宇转债"转股价格，同时在未来两个月内（即 2026 年 3 月 21 日至 2026 年 5 月 20 日），如再次触发"冠宇转债"转股价格向下修正条件，亦不提出向 下修正方案。下一触发转股价格修正条件的期间从 2026 年 5 月 21 日重新起算， 若再次触发"冠宇转债"转股价格向下修正条件，届时公司董事会将再次召开会 议决定是否行使"冠宇转债"的转股价格向下修正权利。 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〔2 ...

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2026-024 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 关于召开2026年第一次临时股东会的通知 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） 股东会类型和届次 2026年第一次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东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 召开日期时间：2026 年 4 月 7 日 15 点 30 分 召开地点：珠海市斗门区井岸镇顺宇路 1 号行政楼 401 会议室 （七） 涉及公开征集股东投票权 不适用。 二、 会议审议事项 （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会网络投票系统 网络投票起止时间：自2026 年 4 月 7 日 至2026 年 4 月 7 日 股东会召开日期：202 ...

Investment Rating - The report maintains an "Accumulate" rating for the power equipment industry [1] Core Views - The energy storage lithium battery sector is experiencing an upward trend, while Europe and North America continue to face electricity shortages [1] - The report highlights the strong demand for energy storage and the ongoing positive outlook for the industry, driven by various government policies and market dynamics [3][7] Industry Trends - The report notes significant price increases in various segments, including lithium carbonate and battery materials, indicating a robust market environment [3] - The energy storage capacity in the U.S. is projected to grow significantly, with expectations of 51% year-on-year growth in 2026 [7] - The report emphasizes the importance of new energy policies in various regions, including the U.S. and Europe, which are expected to further stimulate demand for energy storage solutions [3][19] Company Performance - Notable companies such as CATL and Tianqi Lithium are highlighted for their strong financial performance, with CATL's net profit expected to reach 72.2 billion yuan in 2025, a year-on-year increase of 42.3% [3] - The report mentions several companies with significant growth potential, including Ningde Times, Sunshine Power, and others, which are positioned well in the energy storage and lithium battery markets [3][6] Investment Strategy - The report suggests a focus on leading companies in the energy storage and lithium battery sectors, recommending investments in firms like CATL, Yihua Lithium Energy, and others due to their strong growth prospects and market positions [3][6] - The report also indicates a favorable outlook for companies involved in the development of solid-state batteries and advanced energy storage technologies [3][4]

Investment Rating - The report maintains a "Recommended" rating for the new energy vehicle industry [2][3]. Core Insights - The supply-demand structure is continuously optimizing, with many product prices on the rise. In February, China's new energy vehicle production and sales reached 694,000 and 765,000 units, respectively, down 21.8% and 14.2% year-on-year. Cumulatively, from January to February, production and sales totaled 1.735 million and 1.71 million units, down 8.8% and 6.9% year-on-year. New energy vehicles accounted for 41.2% of total new car sales. The supply side is seeing new products from battery and main engine manufacturers, with positive feedback from demand, leading to a continuous optimization of the supply-demand structure. Prices are stabilizing and rising, particularly for lithium carbonate and lithium iron phosphate, with strong demand and tight supply [3][4][5]. Summary by Sections 1. Market Tracking - The new energy vehicle index, lithium battery index, fuel cell index, charging pile index, and energy storage index had weekly changes of +0.91%, +5.37%, -0.79%, -2.15%, and +5.55%, respectively. Notable performers included Foshan Technology, Hunan Youneng, and Penghui Energy, with increases of 29.9%, 22.6%, and 22.0% [4][24]. 2. Lithium Battery Industry Chain Price Tracking - Since the beginning of the year, lithium carbonate prices have increased by 33.1%, driving up lithium iron phosphate by 27.3%. This week, lithium carbonate was priced at 159,100 CNY/ton, up 2.5% from last week. Other materials like nickel and cobalt also saw slight increases [29][30][32]. 3. Production and Sales Data Tracking - In February, the production and sales of new energy vehicles were 694,000 and 765,000 units, respectively, with year-on-year declines of 21.8% and 14.2%. Cumulatively, from January to February, production and sales reached 1.735 million and 1.71 million units, with new energy vehicles making up 41.2% of total new car sales [45][49]. 4. Industry Dynamics - The U.S. has decided not to impose tariffs on battery materials imported from China, which is expected to positively impact the industry. Additionally, significant developments in the new energy sector were highlighted, including NIO's record quarterly profit and Li Auto's substantial revenue growth [71][68][69]. 5. Key Company Announcements - Companies like Shenling Environment and Jiebang Technology have made significant announcements regarding investments and shareholder changes, indicating active engagement in the market [73][74][75]. 6. Industry Rating and Investment Strategy - The report suggests focusing on high-potential areas such as data center liquid cooling, solid-state batteries, battery materials, robotics, and autonomous driving, while maintaining a positive outlook on the new energy vehicle industry [3][4].

Investment Rating - The report maintains an "Overweight" rating for the power equipment industry [1] Core Views - The energy storage lithium battery sector is experiencing an upward trend, while Europe and North America continue to face electricity shortages [1] - The report highlights the strong demand for energy storage and the ongoing positive outlook for the sector, driven by various national policies and market dynamics [3][7] Industry Trends - Energy Storage: The 14th Five-Year Plan emphasizes the development of new energy storage and flexible power sources. In Germany, the EEG 2027 draft proposes to stop fixed feed-in tariffs for small photovoltaic installations [3] - Electric Vehicles: In February, electric vehicle sales in China reached 765,000 units, with exports increasing by 115% year-on-year. The domestic battery production was 142 GWh, showing a 41% year-on-year increase [3] - Market Prices: Lithium carbonate prices remain high, with battery prices adjusting accordingly. The report notes a significant increase in the prices of various battery materials [3] Company Performance - CATL reported a net profit of 72.2 billion yuan for 2025, a year-on-year increase of 42.3% [3] - Tianqi Lithium's performance is expected to improve significantly, with a projected increase in net profit due to rising lithium prices [3] - Other companies like Ganfeng Lithium and BYD are also highlighted for their strong growth potential in the electric vehicle and energy storage markets [3][4] Investment Strategy - The report suggests a strong push for energy storage, with expectations of over 60% growth in global installations in 2026. It emphasizes the importance of leading companies in the energy storage and lithium battery sectors [3][4] - Key investment recommendations include CATL, Sungrow Power, and other leading firms in the energy storage and electric vehicle supply chains [3][4]

Investment Rating - The report maintains a "Recommended" rating for the new energy vehicle industry [2][3]. Core Insights - The supply-demand structure is continuously optimizing, with many product prices on the rise. In February, China's new energy vehicle production and sales reached 694,000 and 765,000 units, respectively, down 21.8% and 14.2% year-on-year. Cumulatively, from January to February, production and sales totaled 1.735 million and 1.71 million units, down 8.8% and 6.9% year-on-year. New energy vehicles accounted for 41.2% of total new car sales. The supply side is seeing new products from battery and main engine manufacturers, with positive feedback on demand, leading to a continuous optimization of the supply-demand structure. Prices are stabilizing and rising, particularly for lithium carbonate and lithium iron phosphate, with strong demand and tight supply [3][4][5]. Summary by Sections 1. Market Tracking - The new energy vehicle index, lithium battery index, fuel cell index, charging pile index, and energy storage index had weekly changes of +0.91%, +5.37%, -0.79%, -2.15%, and +5.55%, respectively [4][21]. 2. Lithium Battery Industry Chain Price Tracking - Since the beginning of the year, lithium carbonate prices have increased by 33.1%, driving up lithium iron phosphate by 27.3%. The price of lithium hexafluorophosphate has decreased by 38.3%. This week, lithium carbonate was priced at 159,100 CNY/ton, up 2.5% from last week [29][30][32]. 3. Production and Sales Data Tracking - In February, China's new energy vehicle production and sales were 694,000 and 765,000 units, respectively, with year-on-year declines of 21.8% and 14.2%. Cumulatively, from January to February, production and sales reached 1.735 million and 1.71 million units, with new energy vehicles making up 41.2% of total new car sales [45][49]. 4. Industry Dynamics - The U.S. has decided not to impose tariffs on certain battery materials imported from China, which is expected to positively impact the industry [5][71].

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2026-022 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 关于"冠宇转债"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。 （www.sse.com.cn）披露的《关于本次限制性股票归属登记完成后调整可转债转 股价格暨转股停牌的公告》。 因公司实施 2023 年年度权益分派，自 2024 年 7 月 29 日起公司可转债的转 股价格调整为人民币 23.25 元/股，具体内容详见公司于 2024 年 7 月 23 日在上海 证券交易所网站（www.sse.com.cn）披露的《关于实施 2023 年年度权益分派调 整可转债转股价格的公告》。 因公司完成了 2023 年限制性股票激励计划首次授予部分第二个归属期的归 属登记手续，自 2025 年 5 月 27 日起公司可转债的转股价格调整为人民币 23.19 元/股，具体内容详见公司于 ...

Investment Rating - The investment rating for Zhuhai Guanyu is "Buy" [6] Core Insights - The company plans to raise up to RMB 3.3 billion through a private placement, with RMB 2.2 billion allocated for the construction of smartphone steel-shell lithium battery production lines, RMB 400 million for smart wearable steel-shell lithium battery projects, and RMB 700 million for working capital and loan repayment. This expansion is expected to drive future performance growth [1][6] - In 2025, the company achieved a revenue of RMB 14.4 billion, a year-on-year increase of 24.74%, and a net profit attributable to shareholders of RMB 472 million, up 9.70% year-on-year. However, the non-recurring net profit decreased by 10.38% year-on-year [2] - The company has successfully completed the design and development of consumer-grade steel-shell batteries and has achieved mass production. The steel-shell batteries offer higher flexibility in design compared to traditional polymer soft-pack batteries, potentially increasing their application in consumer electronics [3] Financial Summary - Revenue projections for 2025-2027 are as follows: RMB 14.4 billion in 2025, RMB 18 billion in 2026, and RMB 21.8 billion in 2027, with growth rates of 24.7%, 24.8%, and 21.3% respectively [4] - Net profit projections for the same period are RMB 472 million in 2025, RMB 1.06 billion in 2026, and RMB 1.63 billion in 2027, with growth rates of 9.7%, 123.9%, and 54.2% respectively [4] - The earnings per share (EPS) are projected to be RMB 0.42 in 2025, RMB 0.93 in 2026, and RMB 1.44 in 2027 [4]

Core Viewpoint - The rapid development of AI technology is driving strong demand for smart consumer products, creating new opportunities for companies in the related supply chain. Zhuhai Guanyu, a leading 3C lithium battery manufacturer, has announced an expansion plan to capitalize on industry growth [2][11]. Group 1: Expansion Plans and Financials - Zhuhai Guanyu plans to raise up to 3.3 billion yuan through a private placement of A-shares, primarily to fund two major capacity expansion projects and supplement working capital [2][3]. - The total investment for the two projects is approximately 355.62 million yuan, with 220 million yuan allocated to the smartphone steel-shell lithium battery project and 40 million yuan to the smart wearable steel-shell lithium battery project [3][4]. - In 2025, Zhuhai Guanyu achieved total revenue of 14.397 billion yuan, a year-on-year increase of 24.74%, and a net profit of 472 million yuan, up 9.70% year-on-year [9]. Group 2: Market Position and Product Differentiation - Zhuhai Guanyu is positioned as a leading player in the consumer lithium battery market, with a strong focus on smartphone and wearable device batteries, leveraging its expertise in stacking technology for steel-shell batteries [4][6]. - The company has established partnerships with major global brands in the computer and smartphone sectors, enhancing its competitive edge in customer resources [7]. - The expansion into steel-shell lithium batteries differentiates Zhuhai Guanyu from its existing polymer soft-pack battery offerings, addressing the demand for high energy density and precision in smart devices [6][11]. Group 3: Future Growth and Industry Outlook - The company anticipates continued growth in 2026, with projected revenue for January-February expected to be between 2.206 billion and 2.347 billion yuan, representing a year-on-year increase of 45% to 54% [10]. - The rapid advancement of AI technology is expected to sustain the demand for smart consumer products, providing a broad market space for the 3C lithium battery industry [11].