珠海冠宇（688772）9月15日晚间发布关于诉讼进展的公告称，公司近日收到福建省高级人民法院关于 与宁德新能源科技有限公司（ATL）专利纠纷的一审判决，被判赔偿ATL990.29万元，负担案件受理费 5.26万元，并停止制造、销售涉诉专利相关型号的电芯。 珠海冠宇称，作为全球消费类聚合物软包锂离子电池主要供应商之一，公司自成立以来，密切关注锂离 子电池相关技术的发展，始终坚持自主创新和自主研发，2025年上半年，公司研发投入81,812.95万元， 占营业收入的13.42%，研发投入同比增加23.20%。截至2025年6月30日，公司拥有已授权有效国内专利 2,377项，其中发明专利725项，实用新型专利1,624项，外观设计专利28项，知识产权的累计申请数量近 6,000项。 9月5日，珠海冠宇发布投资者关系活动记录表公告称，目前，公司半固态电池已开始量产出货，并陆续 获得更多客户认可。与此同时，公司正积极与客户对接全固态电池的研发，以推动其未来量产与商业化 应用。 业绩方面，2025年上半年，公司实现营业总收入60.98亿元，同比增长14.03%；归母净利润1.17亿元， 同比增长14.77%；扣非净利 ...

责任编辑：小浪快报 9月16日，珠海冠宇盘中下跌2.03%，截至10:32，报22.22元/股，成交3.42亿元，换手率1.35%，总市值 251.55亿元。 资金流向方面，主力资金净流出5792.25万元，特大单买入1335.07万元，占比3.90%，卖出2613.35万 元，占比7.64%；大单买入7592.85万元，占比22.20%，卖出1.21亿元，占比35.40%。 珠海冠宇今年以来股价涨40.78%，近5个交易日跌2.84%，近20日涨30.86%，近60日涨54.41%。 资料显示，珠海冠宇电池股份有限公司位于广东省珠海市斗门区井岸镇珠峰大道209号(A厂房首层南 区),珠海市斗门区井岸镇顺宇路1号。，成立日期2007年5月11日，上市日期2021年10月15日，公司主营 业务涉及消费类电池的研发、生产及销售。主营业务收入构成为：消费类88.94%，动力及储能类 7.95%，其他(补充)3.11%。 珠海冠宇所属申万行业为：电力设备-电池-锂电池。所属概念板块包括：苹果产业链、增持回购、苹果 三星、锂电池、新能源车等。 截至6月30日，珠海冠宇股东户数2.14万，较上期增加17.19%；人均流通 ...

融资方面，珠海冠宇当日融资买入1.57亿元。当前融资余额5.39亿元，占流通市值的2.10%，融资余额 超过近一年90%分位水平，处于高位。 9月15日，珠海冠宇涨1.20%，成交额11.71亿元。两融数据显示，当日珠海冠宇获融资买入额1.57亿 元，融资偿还1.30亿元，融资净买入2722.65万元。截至9月15日，珠海冠宇融资融券余额合计5.42亿 元。 责任编辑：小浪快报 融券方面，珠海冠宇9月15日融券偿还3600.00股，融券卖出2.10万股，按当日收盘价计算，卖出金额 47.54万元；融券余量12.09万股，融券余额274.14万元，低于近一年40%分位水平，处于较低位。 资料显示，珠海冠宇电池股份有限公司位于广东省珠海市斗门区井岸镇珠峰大道209号(A厂房首层南 区),珠海市斗门区井岸镇顺宇路1号。，成立日期2007年5月11日，上市日期2021年10月15日，公司主营 业务涉及消费类电池的研发、生产及销售。主营业务收入构成为：消费类88.94%，动力及储能类 7.95%，其他(补充)3.11%。 截至6月30日，珠海冠宇股东户数2.14万，较上期增加17.19%；人均流通股52804股，较上期 ...

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-080 | | --- | --- | --- | | 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。 一、诉讼的基本情况 2022 年，珠海冠宇电池股份有限公司（以下简称"公司"）收到福建省福 州市中级人民法院送达的关于宁德新能源科技有限公司（以下与东莞新能源科技 有限公司合称或单独称为"ATL"）起诉公司的《民事起诉状》等相关材料。ATL 称公司产品涉嫌侵犯其 ZL201811108529.X 号专利。具体内容详见公司于 2022 年 7 月 12 日在上海证券交易所网站（www.sse.com.cn）披露的《关于公司涉及 诉讼的进展公告》。2023 年，ATL 变更诉讼请求，本案件移送至福建省高级人 民法院审理。 二、诉讼进展情况 近日，公司收到福建省高级人民法院出具的《民事判决书》（一审判决）。 案件所处的诉讼阶段：一审已判决，公司将提起上 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The low-altitude economy is gaining momentum with significant policy support and market developments, including the issuance of the first overseas pilot license for a manned aircraft by Xiaopeng Huaitian and a procurement agreement for 350 eVTOLs with Autocraft [17][25] - The average stock performance in the low-altitude economy sector increased by 2.3% from September 8 to September 12, with notable gains from companies like Wolong Electric Drive (+19.9%) and Changyuan Donggu (+18.4%) [4][10] Summary by Sections Industry Dynamics - On September 6, Wenchang City released a draft for the low-altitude economy industry development plan, focusing on aerospace equipment and general aviation, aiming to create a composite industry system integrating low-altitude economy, aerospace, and cultural tourism [22] - Sichuan Province announced a smart agriculture plan on September 9, targeting the establishment of 20 agricultural low-altitude demonstration sites by 2025 and 100 by 2028, with a goal of having over 15,000 agricultural drones [23] Individual Company Developments - Xiaopeng Huaitian's "Land Aircraft" received the first overseas pilot license for a Chinese enterprise, marking a breakthrough in the Middle East market for eVTOLs [25] - Ping An Property & Casualty disclosed that it has insured over 150,000 drones, providing risk coverage exceeding 90 billion yuan, and has established a new risk research institute for the low-altitude economy [26] - Chengdu Iron Tower proposed the creation of a "three-network" system for the low-altitude economy, covering eight application scenarios, leveraging its extensive site resources [27]

Group 1: Solid-State Battery Industry - The solid-state battery industrialization is progressing with support from policies, material advancements, and application developments. Key companies to watch include Xiamen Tungsten, Tianqi Lithium, and others in the supply chain [2][3] - Major developments include the mass production of semi-solid batteries by Zhuhai Guanyu and the upcoming solid-state battery projects by Yiyuan Lithium Energy and others [2] Group 2: Domestic Energy Storage Systems - The domestic energy storage system bidding capacity reached 47.2 GWh in August 2025, reflecting a year-on-year increase of 2158% and a month-on-month increase of 1142%. Cumulative bidding for the year reached 144.1 GWh, up approximately 216% year-on-year [3] - The high demand for energy storage systems indicates a strong need for new power systems in China, laying a foundation for stable market development in 2026-2027. Key companies include Sungrow Power, Yiyuan Lithium Energy, and others [3] Group 3: AIDC Power Equipment Sector - AIDC power equipment companies are expected to benefit from increased capital expenditures, with Alibaba reporting a capital expenditure of 38.7 billion yuan in Q2 2025, up 220% year-on-year [3][32] - The demand for data center construction remains strong, and companies like Jinpan Technology and New Special Electric are positioned to gain from this trend [3][32] Group 4: Power Grid Equipment Sector - Power grid equipment companies are experiencing steady growth, with major firms maintaining robust performance in the first half of 2025. A surge in high-voltage bidding is anticipated in the second half of the year [4][42] - Key companies to focus on include Guodian NARI, Siyi Electric, and others, as they expand their product offerings and international presence [4][42] Group 5: Wind Power Sector - Wind power companies are seeing simultaneous increases in volume and profit, with significant growth in both onshore and offshore projects expected in the latter half of 2025 [4][59] - Companies like Goldwind Technology and Dongfang Cable are recommended for investment as they are well-positioned to benefit from this growth [4][59] Group 6: Investment Recommendations - The report suggests monitoring the recovery of the power grid equipment sector, the progress of offshore wind projects, the advancement of solid-state battery industrialization, and the global demand for energy storage installations [4]

Company Overview - Zhuhai Guanyu Battery Co., Ltd. is located in Zhuhai, Guangdong Province, and was established on May 11, 2007. The company went public on October 15, 2021. Its main business involves the research, production, and sales of consumer batteries, with revenue composition being 88.94% from consumer batteries, 7.95% from power and energy storage, and 3.11% from other sources [1]. Stock Performance - As of September 10, the stock price of Zhuhai Guanyu fell by 2.01% to 22.41 CNY per share, with a trading volume of 325 million CNY and a turnover rate of 1.27%. The total market capitalization is 25.37 billion CNY [1]. - Year-to-date, the stock price has increased by 41.99%, with a 3.18% rise over the last five trading days, 47.05% over the last 20 days, and 61.65% over the last 60 days [1]. Financial Performance - For the first half of 2025, Zhuhai Guanyu reported a revenue of 6.098 billion CNY, representing a year-on-year growth of 14.03%. The net profit attributable to shareholders was 117 million CNY, up by 14.77% year-on-year [2]. - The company has distributed a total of 942 million CNY in dividends since its A-share listing, with 740 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 17.19% to 21,400, while the average circulating shares per person decreased by 14.32% to 52,804 shares [2]. - Among the top ten circulating shareholders, Invesco Great Wall Research Selected Stock A (000688) is the sixth largest, holding 26.7966 million shares as a new shareholder [3]. Industry Context - Zhuhai Guanyu operates within the power equipment industry, specifically in the battery sector, focusing on lithium batteries. The company is associated with several concept sectors, including the Apple supply chain, lithium batteries, Apple Samsung, new energy vehicles, and share buybacks [1].

Core Insights - Zhuhai Guanyu has achieved large-scale production of semi-solid batteries and has successfully passed certifications from multiple clients, indicating strong market recognition in high-end battery technology [1] - The company has invested nearly 5 billion yuan in research and development over the past five years, focusing on solid-state batteries, stacking technology, and steel-shell batteries to build long-term technological barriers [1] - The company is recognized for its lithium metal anode technology, which is considered a core material for solid-state batteries, and has established a fully inert gas-protected experimental line for all-solid-state lithium batteries [1][3] - The launch of a 15,000mAh battery for mobile concept devices marks a significant breakthrough in high energy density battery technology [3] - The successful application of 100% silicon anode materials and high-performance electrolyte technology in client projects demonstrates the company's strong technical reserves and innovation capabilities [3] Industry Position - With ongoing mass production of semi-solid batteries and continuous breakthroughs in solid-state technology, Zhuhai Guanyu is positioned to maintain a leading role in the global new energy battery market [1] - The company aims to provide core power support for consumer electronics and new energy vehicles, further expanding its market share in the high-end battery sector [1]

近五年来，珠海冠宇累计研发投入近50亿元，重点布局固态电池、叠片工艺、钢壳电池等前沿技术领 域，致力于构建长期技术壁垒，为技术升级和战略转型提供有力支撑。特别是金属锂负极被公认为固态 电池的核心负极材料，冠宇在锂金属负极技术方面持续深耕布局，相关技术在行业内领先。 珠海冠宇还建成了全惰性气体保护环境的全固态锂电池实验线，标志着在全固态电池这一前沿技术领域 的自主研发能力迈上新台阶。随着半固态电池持续量产、客户合作全面展开以及全固态技术不断突破， 珠海冠宇将在全球新能源电池市场保持领先地位，为消费电子、新能源汽车等领域提供核心动力支持。 (文穗) 珠海冠宇(688772)公众号消息显示，近日珠海冠宇在固态电池技术领域实现重要进展，其推出的 15000mAh电池已首次应用于手机概念机，标志着公司在高能量密度电池技术方面取得实质性突破。此 外公司的100%硅负极材料及高动力电解质技术已在客户端成功应用。 珠海冠宇表示，在半固态电池方面公司已实现规模化量产，并顺利通过多家客户的认证，目前多个平台 项目正在稳步推进，表明公司在高端电池领域的技术实力已获得市场广泛认可。 ...

9月9日，珠海冠宇跌5.04%，截至发稿，报22.60元/股，成交10.06亿元，换手率3.81%，总市值255.85亿 元。 资料显示，珠海冠宇电池股份有限公司位于广东省珠海市斗门区井岸镇珠峰大道209号(A厂房首层南 区),珠海市斗门区井岸镇顺宇路1号。，成立日期2007年5月11日，上市日期2021年10月15日，公司主营 业务涉及消费类电池的研发、生产及销售。主营业务收入构成为：消费类88.94%，动力及储能类 7.95%，其他(补充)3.11%。 国联价值成长6个月持有混合A（009347）基金经理为骆尖、梁勤之。 截至发稿，骆尖累计任职时间4年278天，现任基金资产总规模9001.17万元，任职期间最佳基金回 报-9.38%， 任职期间最差基金回报-46.85%。 梁勤之累计任职时间315天，现任基金资产总规模3.53亿元，任职期间最佳基金回报54.25%， 任职期间 最差基金回报0%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从基 ...