证券代码：688772 证券简称：珠海冠宇 1 珠海冠宇电池股份有限公司 2025 年第二次临时股东大会会议资料 会议资料 二〇二五年十一月 2025 年第二次临时股东大会会议资料 目 录 | 珠海冠宇电池股份有限公司 2025 年第二次临时股东大会会议须知 2 | | | --- | --- | | 珠海冠宇电池股份有限公司 2025 年第二次临时股东大会会议议程 4 | | | 珠海冠宇电池股份有限公司 2025 年第二次临时股东大会会议议案 6 | | | 议案一：关于取消监事会、变更注册资本、修订《公司章程》并办理工商变更 | | | 登记的议案 6 | | | 议案二：关于修订《股东会议事规则》的议案 8 | | | 议案三：关于修订《董事会议事规则》的议案 9 | | | 议案四：关于修订《独立董事工作制度》的议案 10 | | | 议案五：关于修订《对外投资管理制度》的议案 11 | | | 议案六：关于修订《对外担保管理制度》的议案 12 | | | 议案七：关于修订《关联交易管理制度》的议案 13 | | | 议案八：关于修订《累积投票制实施细则》的议案 14 | | | 议案九：关于修订《 ...

Core Insights - Zhuhai Guanyu's stock price increased by 0.20% on November 12, with a trading volume of 485 million yuan, indicating active market participation [1] - The company reported a net financing outflow of 41.04 million yuan on the same day, with a total financing and margin balance of 482 million yuan [1] - For the period from January to September 2025, Zhuhai Guanyu achieved a revenue of 10.32 billion yuan, representing a year-on-year growth of 21.18%, and a net profit of 387 million yuan, up 44.37% year-on-year [2] Financing and Margin Data - On November 12, the financing buy amount was 35.55 million yuan, while the financing repayment was 76.59 million yuan, leading to a net financing buy of -41.04 million yuan [1] - The current financing balance stands at 480 million yuan, accounting for 1.66% of the market capitalization, which is above the 70th percentile of the past year [1] - The margin trading data shows a low short selling balance of 2.27 million yuan, indicating a lower level of short interest compared to the past year [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders increased by 1.17% to 21,700, with an average of 52,193 circulating shares per person, a decrease of 1.16% [2] - The company has distributed a total of 942 million yuan in dividends since its A-share listing, with 740 million yuan distributed over the past three years [3] - Notably, Hong Kong Central Clearing Limited has entered the top ten circulating shareholders with a holding of 37.39 million shares, while Invesco Great Wall Research Select Stock A has exited the list [3]

Core Insights - Zhuhai Guanyu's stock price increased by 0.43% on November 11, with a trading volume of 472 million yuan, indicating active market participation [1] - The company reported a significant year-on-year revenue growth of 21.18% for the first nine months of 2025, reaching 10.321 billion yuan, alongside a net profit increase of 44.37% to 387 million yuan [2] Financing and Margin Trading - On November 11, Zhuhai Guanyu had a financing buy amount of 78.83 million yuan, with a net financing purchase of 7.75 million yuan, indicating strong investor interest [1] - The total margin trading balance stood at 523 million yuan, representing 1.81% of the circulating market value, which is above the 80th percentile of the past year [1] - The company had a low short-selling balance of 2.26 million yuan, below the 30th percentile of the past year, suggesting limited bearish sentiment [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders increased by 1.17% to 21,700, while the average circulating shares per person decreased by 1.16% to 52,193 shares [2] - The company has distributed a total of 942 million yuan in dividends since its A-share listing, with 740 million yuan paid out in the last three years [3] - Hong Kong Central Clearing Limited emerged as a new major shareholder, holding 37.39 million shares, while Invesco Great Wall Research Select Stock A exited the top ten shareholders list [3]

Industry Overview - The lithium battery industry is transitioning from simple scale and price competition to a multi-dimensional competition focusing on technological innovation, globalization, integration, and capital strength [2] - Young leaders are emerging as key drivers of industry development and social progress, leveraging their insights and strategic execution capabilities [2] Company Achievements - **Dingsheng New Material**: Achieved a revenue of 19.604 billion yuan in the first three quarters of 2025, a year-on-year increase of 11.29%, and a net profit of 307 million yuan, up 36.61% [6][10] - **GEM Co., Ltd.**: Reported a revenue of 27.498 billion yuan in the first three quarters of 2025, a 10.55% increase, and a net profit of 1.109 billion yuan, up 22.66% [10] - **Tianqi Materials**: Generated a revenue of 10.843 billion yuan in the first three quarters of 2025, a 10.55% increase, with a net profit of 421 million yuan, up 24.33% [13] - **Xian Dao Intelligent**: Recorded a revenue of 10.439 billion yuan in the first three quarters of 2025, a 14.56% increase, and a net profit of 1.186 billion yuan, up 94.97% [16] - **Zhuhai Guanyu**: Achieved a revenue of 10.321 billion yuan in the first three quarters of 2025, a 21.18% increase, and a net profit of 387 million yuan, up 44.37% [20] - **Zhenyu Technology**: Reported a revenue of 6.593 billion yuan in the first three quarters of 2025, a 31.47% increase, and a net profit of 412 million yuan, up 138.93% [24] - **Zhongke Electric**: Generated a revenue of 5.904 billion yuan in the first three quarters of 2025, a 52.03% increase, with a net profit of 402 million yuan, up 118.85% [28] - **Tengyuan Cobalt**: Achieved a revenue of 5.752 billion yuan in the first three quarters of 2025, a 17.65% increase, and a net profit of 751 million yuan, up 21.65% [30] - **Shangtai Technology**: Reported a revenue of 5.506 billion yuan in the first three quarters of 2025, a 52.09% increase, with a net profit of 711 million yuan, up 23.08% [33] - **Zhengli New Energy**: Achieved a revenue of 3.172 billion yuan in the first half of 2025, a 71.94% increase, and a net profit of 220 million yuan, up 269.51% [36]

Core Insights - Zhuhai Guanyu's stock price increased by 1.67% on November 6, with a trading volume of 549 million yuan, indicating positive market sentiment [1] - The company reported a significant year-on-year revenue growth of 21.18% for the first nine months of 2025, reaching 10.321 billion yuan, alongside a net profit increase of 44.37% to 387 million yuan [2] - The company has distributed a total of 942 million yuan in dividends since its A-share listing, with 740 million yuan distributed over the past three years [3] Financing and Trading Activity - On November 6, Zhuhai Guanyu had a financing buy amount of 42.62 million yuan, with a net financing outflow of 6.4972 million yuan, indicating a high level of trading activity [1] - The total financing and margin trading balance reached 540 million yuan, with the financing balance accounting for 1.77% of the circulating market value, which is above the 90th percentile of the past year [1] - The company had a low margin trading balance of 2.6361 million yuan, with a margin trading volume of 98,100 shares, indicating a lower level of short selling activity [1] Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders increased by 1.17% to 21,700, while the average number of circulating shares per person decreased by 1.16% to 52,193 shares [2] - Hong Kong Central Clearing Limited emerged as the sixth-largest circulating shareholder with 37.3863 million shares, marking its entry into the top shareholders list [3] - In contrast, Invesco Great Wall Research Select Stock A exited the top ten circulating shareholders list [3]

Core Insights - The major technology project "Precision Laser Welding Key Technology and Equipment for Large Cylindrical Battery Full Tab" was officially launched on August 29 in Wuhan, involving companies like Yifei Laser, Yiwei Lithium Energy, and Guoxuan High-Tech [1] - The large cylindrical battery exhibits excellent comprehensive performance and is applicable in various fields including new energy vehicles, two/three-wheelers, energy storage, power tools, and emerging sectors such as 3C consumer electronics, eVTOL, drones, electric ships, and robotics, indicating explosive market demand [1] Company Developments - Zhuhai Guanyu (688772.SH) confirmed on November 6 that the company has technological reserves for large cylindrical batteries and has already achieved mass production of semi-solid batteries, while all-solid batteries are under orderly development [1] - The company plans to actively explore corresponding technological paths based on market demand and will provide updates through future announcements [1]

Core Viewpoint - Zhuhai Guanyu (688772) has significant technological reserves in "large cylindrical" batteries, with mass production of semi-solid batteries already underway and solid-state batteries being developed in an orderly manner based on market demand [1] Group 1: Technology Development - The company has a technological reserve for "large cylindrical" batteries [1] - Mass production of semi-solid batteries has commenced [1] - Solid-state batteries are being developed systematically [1] Group 2: Production Capabilities - The company currently produces steel-shell battery cells, which are packaged by other manufacturers [1] - The company possesses complete and mature packaging capabilities [1] - In the first half of this year, the self-supply ratio of consumer battery cell PACK reached 44.43% [1]

Core Viewpoint - Zhuhai Guanyu (688772.SH) has announced its technological reserves for "large cylindrical" batteries, indicating a proactive approach to market demands and ongoing development in battery technology [1] Group 1: Battery Technology Development - The company has achieved mass production of semi-solid state batteries [1] - Full solid-state batteries are currently under orderly development [1] - The company will explore corresponding technological paths based on market demand [1]

Core Viewpoint - Zhuhai Guanyu (688772.SH) has announced its technological reserves for "large cylindrical" batteries, indicating a commitment to exploring various technological paths based on market demand [1] Group 1 - The company has achieved mass production of semi-solid state batteries [1] - The development of all-solid state batteries is progressing in an orderly manner [1] - The company will actively explore corresponding technological paths according to market demand and will provide updates through future announcements [1]

Core Insights - Zhuhai Guanyu's stock price has increased by 70.75% year-to-date, with a recent decline of 5.74% over the last five trading days [2] - The company reported a revenue of 10.321 billion yuan for the first nine months of 2025, representing a year-on-year growth of 21.18%, and a net profit of 387 million yuan, up 44.37% [2] Financial Performance - As of November 6, the stock price was 26.95 yuan per share, with a market capitalization of 30.509 billion yuan [1] - The company has distributed a total of 9.42 billion yuan in dividends since its A-share listing, with 7.40 billion yuan distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 21,700, with an average of 52,193 circulating shares per person, a decrease of 1.16% [2] - Hong Kong Central Clearing Limited is now the sixth-largest circulating shareholder, holding 37.3863 million shares as a new entrant [3]