| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-017 | | --- | --- | --- | | 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 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 减持计划的实施结果情况 2024 年 12 月 5 日，公司在上海证券交易所（www.sse.com.cn）披露了《股 东减持股份计划公告》，股东浙银汇嘉、汇嘉股权拟通过集中竞价交易和大宗交 易方式减持其所持有的公司股份合计不超过 22,545,725 股,即不超过该公告披露 日公司总股本（1,127,286,261 股）的 2.00%。 2025 年 2 月 8 日，公司在上海证券交易所（www.sse.com.cn）披露了《关于 合计持股 5%以上股东权益变动触及 1%的提示性公告》，公司于 2025 年 2 月 7 日收到浙银汇嘉、汇嘉股权的《关于权益变动触及 1%的告知函》，2025 年 1 月 10 日至 ...

Core Viewpoint - Zhuhai Gree (688772.SH) announced a share reduction plan by its employee shareholding entities, which hold a total of 138,869,365 shares, accounting for 12.32% of the company's total share capital [1][2]. Group 1: Shareholding and Reduction Plan - The employee shareholding entities plan to reduce their holdings by up to 22,551,363 shares, representing no more than 2.00% of the company's total share capital, within three months after the announcement [1]. - The shareholding entities are controlled by the actual controller Xu Yanming, who has committed not to participate in this reduction plan [3]. Group 2: Company Background and Financials - Zhuhai Gree was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 15, 2021, with an initial public offering of 15,571,360 shares at a price of 14.43 yuan per share [3]. - The total amount raised from the initial public offering was 2.247 billion yuan, with a net amount of 2.104 billion yuan after deducting issuance costs [4]. - The final net amount raised was 1.145 billion yuan less than the original plan of 3.249 billion yuan, which was intended for various projects including a polymer lithium battery production base and a research center upgrade [5]. Group 3: Bond Issuance - On October 24, 2022, the company issued 3,089,043 convertible bonds with a total amount of 308.904 million yuan, which began trading on November 17, 2022 [6]. - The total fundraising from the two rounds of financing amounts to 5.336 billion yuan [7].

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-016 | | --- | --- | --- | | 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 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 大股东的基本情况 截至本公告披露日，珠海冠宇电池股份有限公司（以下简称"公司"）员工 持股主体（不含控股股东）合计持有公司股份 138,869,365 股（占公司总股本的 12.32%）。上述员工持股主体均为公司实际控制人徐延铭先生控制，系公司控股 股东珠海普瑞达投资有限公司（以下简称"普瑞达"）一致行动人，上述股份为 相关股东于公司首次公开发行前取得的股份，已于 2024 年 10 月 15 日解除限售 并上市流通。 员工持股主体基本信息如下：股东珠海普瑞达二号投资有限公司（以下简称 "普瑞达二号"）持有公司股份 64,235,943 股，占公司总股本的 5.70%；珠海普 宇投资合伙企业（有限合伙）（以下简称"普 ...

Investment Rating - The report does not explicitly state an investment rating for the battery industry or the specific company, Zhuhai Guanyu [13]. Core Insights - The company achieved stable growth in 2024, driven by market expansion, effective cost management, favorable currency exchange rates, and increased R&D investment [19]. - The automotive low-voltage lithium battery business is a core competitive area for the company, with recognition from major automotive manufacturers and expected growth in shipment volumes as new models are launched [19][20]. - The company is advancing its sodium-ion battery technology, which offers cost, safety, and performance advantages over lithium-ion batteries, and is expected to enter mass production soon [20]. - Progress in solid-state battery research is ongoing, with promising safety and lifecycle performance, aiming for industrial application in the future [21]. - The consumer electronics market is projected to recover in 2024, positively impacting the company's consumer battery business as demand increases [21]. Summary by Sections 1. Basic Research Information - The research focused on Zhuhai Guanyu in the battery industry, conducted on March 12, 2025, with participation from various investment institutions [13]. 2. Detailed Research Institutions - Notable participating institutions included Rongtong Fund, Jintong Capital, Yin Hua Fund, and others, indicating a diverse interest in the company's performance [14][16]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [18]. 4. Main Content Information - The company reported stable growth in 2024 due to market expansion, cost management, favorable exchange rates, and R&D investment [19]. - The automotive low-voltage lithium battery business is recognized by major car manufacturers, with expected growth in shipments [19][20]. - Sodium-ion battery technology is being developed with significant advantages over lithium-ion batteries, and mass production is anticipated [20]. - Solid-state battery research is progressing, with a focus on achieving industrial application [21]. - The consumer electronics market is expected to grow, benefiting the company's battery business [21].

| 证券代码：688772 | 证券简称：珠海冠宇 公告编号：2025-015 | | --- | --- | | 债券代码：118024 | 债券简称：冠宇转债 | 珠海冠宇电池股份有限公司 关于诉讼进展暨终审裁定驳回原告起诉的公告 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： 案件所处的诉讼阶段：终审裁定；撤销一审判决，驳回东莞新能源科技 有限公司的起诉。 公司所处的当事人地位：二审上诉人、一审第一被告 是否对上市公司产生影响：截至本公告披露日，珠海冠宇电池股份有限 公司（以下简称"公司"）与宁德新能源科技有限公司、东莞新能源科技有限公 司（以下单独或合称"ATL"）之间的专利争议案件中已有 14 个 ATL 的专利被 国家知识产权局宣告或法院判决无效，已有 12 个案件被 ATL 主动撤诉，已有 2 个案件被法院驳回 ATL 的起诉。公司所研发生产的产品具有完全自主的知识产 权，本次诉讼进展不会对公司的日常经营产生负面影响，也不会对公司当期及未 来损益产生负面影响。 一、诉讼的基本情况 2022 年 ...

据珠海冠宇消息，近日，珠海冠宇集团旗下 浙江冠宇电池有限公司 （以下简称"冠宇动力"） 成功完成规模达9亿元的战略增资，注册资本增至约23亿元。 据悉，此次增资由珠海冠宇集团携手浙嘉产装高端装备产业基金、嘉兴鋆百基金、杭州昊跃基 金及海盐鋆昊臻选基金等专业外部投资机构共同参与，并已顺利完成工商变更登记。 增资完成后，浙江冠宇仍为珠海冠宇集团控股子公司。凭借此次资本注入，冠宇集团将进一步 优化资本构成，同时，为公司启停及无人机业务的全球化布局注入强劲动能，进一步夯实其在 新能源领域的核心竞争力。 从业务占比来看，冠宇集团动力及储能领域产品主要应用于汽车低压系统、行业无人机、储 能、通讯备电、电动摩托等。 珠海冠宇也将汽车低压锂电池定位为自身优势项目和差异化竞争的核心业务。据测算，全球启 停电池市场规模2024-2025年期间有望增长超500亿元，并且市场将以超过24%的复合年增长率 加速。未来若将12V启动电源全部换为锂电，相应的锂电池需求将超过75GWh。 在汽车低压电池领域 ，凭借卓越的技术实力和出色的产品表现，其2024上半年营业收入同比增 长730.35%，并成为动力类电池业务营收的主要来源之一，目前已 ...

关于控股子公司增资暨关联交易的进展公告 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。 | 证券代码：688772 证券简称：珠海冠宇 转债简称：冠宇转债 | 公告编号：2025-014 | | --- | --- | | 转债代码：118024 | | 珠海冠宇电池股份有限公司 公司名称：浙江冠宇电池有限公司 注册资本：228,422.4211（万元） 类型：其他有限责任公司 一、本次增资暨关联交易事项概述 为增强浙江冠宇电池有限公司（以下简称"浙江冠宇"）持续经营和发展能 力，补充其流动资金，珠海冠宇电池股份有限公司（以下简称"珠海冠宇"或"公 司"）分别于 2024 年 12 月 8 日、2024 年 12 月 13 日、2024 年 12 月 31 日，召开 公司第二届独立董事专门会议第三次会议、第二届董事会第二十四次会议、2024 年第二次临时股东大会审议通过《关于控股子公司增资暨关联交易的议案》，同 意公司和外部投资人（含其指定投资主体）以投前估值 307,530 万元对浙江冠宇 进行增资，各方合计增资金额不超 ...

Investment Rating - The report maintains a "Buy" rating for Zhuhai Guanyu (688772) [2][12] Core Views - The company is expected to achieve steady growth in 2024, with projected total revenue of 11.545 billion yuan, a year-on-year increase of 0.87%, and a net profit attributable to shareholders of 434 million yuan, a year-on-year increase of 26.22% [6][7] - The company has effectively expanded its market share, reduced costs through refined management, and increased foreign exchange gains due to the rising USD/RMB exchange rate [7] - The rise of AI is expected to stimulate demand in the consumer electronics sector, with the company increasing its supply ratio in consumer PACK business [8][11] Company Overview - Latest closing price: 17.07 yuan - Total shares: 1.128 billion; Total market capitalization: 19.2 billion yuan - 52-week high/low: 19.22/11.64 yuan - Debt-to-asset ratio: 66.4%; P/E ratio: 55.06 [4] Financial Performance - For 2024, the company anticipates total revenue of 11.545 billion yuan, with a growth rate of 0.87% [16] - The net profit attributable to shareholders is projected to be 434 million yuan, reflecting a growth rate of 26.22% [16] - The company expects to achieve net profits of 4.3 billion yuan, 9.0 billion yuan, and 13.9 billion yuan for 2024, 2025, and 2026 respectively [12] Market Trends - The global notebook market is projected to grow by 5% in 2024, with the company increasing its sales volume of lithium batteries for laptops by 10.51% in the first half of 2024 [8] - The smartphone market is also expected to grow, with a projected increase of 7.1% in global smartphone shipments in 2024, leading to a 13.09% increase in the company's smartphone battery sales [8]

Investment Rating - The report maintains a "Buy" rating for Zhuhai Guanyu (688772) [2][12] Core Views - The company is expected to achieve steady growth in 2024, with projected total revenue of 11.545 billion yuan, a year-on-year increase of 0.87%, and a net profit attributable to shareholders of 434 million yuan, a year-on-year increase of 26.22% [6][7] - The company has effectively expanded its market share, reduced costs through refined management, and increased foreign exchange gains due to the rising USD/RMB exchange rate [7] - The rise of AI is expected to stimulate demand in the consumer electronics sector, with the company increasing its supply ratio in consumer PACK business [8][11] Company Overview - Latest closing price: 17.07 yuan - Total shares: 1.128 billion - Total market capitalization: 19.2 billion yuan - 52-week high/low: 19.22/11.64 yuan - Debt-to-asset ratio: 66.4% - Price-to-earnings ratio: 55.06 [4] Financial Performance - For 2024, the company anticipates total revenue of 11.545 billion yuan, with a growth rate of 0.87% [16] - The net profit attributable to shareholders is projected to be 434 million yuan, reflecting a growth rate of 26.22% [16] - The company expects to achieve net profits of 4.3 billion yuan, 9.0 billion yuan, and 13.9 billion yuan for the years 2024, 2025, and 2026 respectively [12] Market Trends - The global notebook market is projected to grow by 5% in 2024, with the company increasing its sales volume of lithium batteries for notebooks by 10.51% in the first half of 2024 [8] - The smartphone market is also expected to grow, with a projected increase of 7.1% in global smartphone shipments in 2024, leading to a 13.09% increase in the company's smartphone battery sales [8]

Investment Rating - The investment rating for Zhuhai Guanyu (688772) is "Buy" (maintained) [1] Core Views - Q4 performance met market expectations with 2024 revenue projected at 11.5 billion yuan, a year-on-year increase of 0.9%, and net profit attributable to shareholders expected to reach 434 million yuan, a year-on-year increase of 26% [1] - The company is expected to benefit from new product launches in the mobile sector, with a projected shipment of 3.8 billion units in 2024, representing a 15% year-on-year increase [1] - The company is positioned as a global leader in consumer lithium batteries, with the potential for a second growth curve through its energy storage battery business [1] Financial Summary - Total revenue for 2022 was 10.974 billion yuan, with a projected increase to 11.545 billion yuan in 2024 and 14.695 billion yuan in 2025, reflecting a growth rate of 27.28% [1] - Net profit attributable to shareholders was 90.95 million yuan in 2022, expected to rise to 434.42 million yuan in 2024 and 843.75 million yuan in 2025, indicating a significant growth trajectory [1] - The latest diluted EPS is projected to be 0.39 yuan in 2024 and 0.75 yuan in 2025, with corresponding P/E ratios of 46.77 and 24.08 [1]