证券代码：688778 证券简称：厦钨新能 公告编号：2025-035 厦门厦钨新能源材料股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有被否决议案：无 （五） 公司董事、监事和董事会秘书的出席情况 1、 公司在任董事9人，出席7人，董事曾新平先生、董事兼总经理姜龙先生因工 作原因未能出席会议； 2、 公司在任监事3人，出席1人，监事曾连秀女士、监事李温萍女士因工作原因 未能出席会议； 3、 公司董事会秘书和其他高管列席了本次会议。 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 26 日 （二） 股东大会召开的地点：安徽铜陵铜雀台金陵大酒店 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 85 | | --- | --- | | 普通股股东人数 | 85 | | 2、出席会议的股东所持有的表决权数量 | 287,950,262 | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6] Core Views - The company reported a total revenue of 13.3 billion yuan for 2024, a year-on-year decrease of 23.2%. The net profit attributable to shareholders was 490 million yuan, down 6.3% year-on-year, while the net profit excluding non-recurring items was 450 million yuan, a decline of 4.1% year-on-year [2][4] - In Q4 2024, the company achieved a revenue of 3.41 billion yuan, a year-on-year decrease of 18.5% and a quarter-on-quarter decrease of 4.7%. The net profit attributable to shareholders was 130 million yuan, an increase of 10.0% year-on-year but a decrease of 1.4% quarter-on-quarter [2][4] - For Q1 2025, the company reported a revenue of 2.98 billion yuan, down 9.8% year-on-year and 12.8% quarter-on-quarter. The net profit attributable to shareholders was 120 million yuan, an increase of 4.8% year-on-year but a decrease of 7.8% quarter-on-quarter [2][4] Summary by Sections Sales Performance - The company achieved a sales volume of 98,600 tons for positive materials in 2024, maintaining a growth trend. The sales of ternary materials (including lithium iron phosphate and others) reached 52,400 tons, a year-on-year increase of 40%, driven by the growth of high-end pure electric vehicles. The sales of lithium cobalt oxide were 46,200 tons, up 33.5% year-on-year, mainly benefiting from subsidy policies and demand from AI mobile applications [9] - In Q1 2025, the sales volume of positive materials was 24,800 tons, with lithium cobalt oxide sales at 12,300 tons, a year-on-year increase of 46.55%. Ternary positive sales were 10,900 tons, a year-on-year decrease of 31.53% due to a high base effect from the previous year [9] Profitability - The estimated profit per ton for the company in 2024 faced pressure due to a decline in processing fees for ternary positives and the impact of raw material price drops. The iron lithium business remained in a loss state, while hydrogen materials maintained stability with sales of hydrogen storage alloys at 3,900 tons, a year-on-year increase of 3.73% [9] - The company is expected to achieve a net profit of 740 million yuan in 2025, corresponding to a PE ratio of 28 times, and continues to be recommended [9]

Group 1 - The core point of the news is the announcement of the establishment of Fujian Provincial Industrial Holding Group Co., Ltd. (referred to as "Provincial Industrial Holding Group") by the Fujian Provincial State-owned Assets Supervision and Administration Commission, which will involve the injection of 80% equity of Fujian Metallurgy into the new group [1][2] - Multiple listed companies under Fujian Metallurgy, including Furuong Technology, Xiamen Tungsten, Xiamen Tungsten New Energy, and Sansteel Mingguang, have received notifications regarding this restructuring, indicating that the restructuring will not significantly impact their operations or the controlling shareholder's stake [1][2] - The total market capitalization of the four companies mentioned is approximately 72.786 billion yuan as of the market close on May 23 [2] Group 2 - Fujian Metallurgy was established in 1989 with a registered and paid-in capital of 8 billion yuan, with the Fujian Provincial Government holding an 80% stake [2] - Fujian Light Textile was established in 1997 with a registered and paid-in capital of 860 million yuan, fully owned by the Fujian Provincial Government [2] - The Fujian Provincial State-owned Assets Supervision and Administration Commission oversees 18 enterprises, including Fujian Provincial Highway Group and Fujian Provincial Investment Development Group [2][3]

证券代码：688778 证券简称：厦钨新能 公告编号：2025-034 厦门厦钨新能源材料股份有限公司 上述事项对公司经营活动不构成重要影响，公司控股股东持股比例及最终实 际控制人亦不会因此发生实质性变化。 公司将根据该事项后续进展情况，按照相关规定及时履行信息披露义务。 特此公告。 厦门厦钨新能源材料股份有限公司 董 事 会 2025 年 5 月 24 日 关于间接控股股东重组的提示性公告 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。 厦门厦钨新能源材料股份有限公司（以下简称"公司"）于 2025 年 5 月 23 日收到公司间接控股股东福建省冶金（控股）有限责任公司（以下简称"福建冶 金"）通知，根据《福建省人民政府国有资产监督管理委员会关于重组组建福建 省工业控股集团有限公司的通知》（闽国资改革〔2025〕53 号），拟组建福建 省工业控股集团有限公司（以下简称"省工控集团"）作为省管企业，将福建省 人民政府国有资产监督管理委员会直接持有的福建冶金 80%股权注入省工控集 团，福建冶金作为省工控集团的子企业。 ...

Group 1 - The China Automotive Engineering Society released the "Full Solid-State Battery Determination Method" standard, clarifying the definition of solid-state batteries and addressing industry ambiguities and testing method deficiencies [1] - Solid-state batteries offer advantages such as higher safety, energy density, cycle life, mechanical strength, wider temperature adaptability, and material selection, with high safety and capacity being core benefits [1] - Beneficiary companies in the materials sector include CATL, BYD, Yiwei Lithium Energy, Penghui Energy, Tiannai Technology, Xiamen Tungsten, and others [1] Group 2 - The industrialization of solid-state batteries is accelerating, with a focus on the sulfide route in the materials sector and key incremental developments in the equipment sector related to "dry," "press," and "stack" processes [2] - In the front-end segment, dry electrode equipment and solid electrolyte dry film forming equipment are expected to gradually replace traditional wet equipment [2] - The solid-state battery production process requires significantly higher pressure during formation, leading to increased demand for high-pressure formation equipment [2]

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88% year-on-year, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with various automakers planning to launch competitively priced electric vehicles in the coming years [6][37] - The report discusses the implications of carbon emission regulations, noting that a shift to a three-year average assessment period for emissions targets could alleviate pressure on automakers and allow for better planning and execution of new model launches [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88% year-on-year, with a penetration rate of 17.1% [15] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23] New Model Launches - Stellantis plans to introduce multiple new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] Carbon Emission Regulations - The European Parliament has approved a revision of carbon emission regulations, shifting to a three-year average assessment, which is seen as beneficial for the industry [53] - Stellantis believes that relaxing the assessment timeline can prevent panic pricing strategies in late 2025 [54] - BMW is confident in meeting the revised emission targets, having already exceeded previous goals [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

Core Viewpoint - The company is preparing for its 2024 annual shareholders' meeting, focusing on various proposals including dividend plans and acquisitions, while also addressing the challenges and opportunities in the new energy materials sector. Group 1: Meeting Details - The annual shareholders' meeting is scheduled for May 26, 2025, at 14:30 in Tongling, Anhui [2][5] - The meeting will include the election of vote counters and the announcement of the number of shareholders present [3][5] - Various reports will be reviewed, including the board of directors' work report and the financial budget for 2025 [3][4] Group 2: Proposals and Resolutions - Proposals include a three-year dividend return plan for 2025-2027 and the acquisition of business assets from Xiamen Tungsten Co., Ltd. [1][4] - The company will also consider acquiring a 47% stake in Ganzhou Haopeng Technology Co., Ltd. [1][4] - The proposals have been pre-approved by the board and will be presented for shareholder voting [4][5] Group 3: Business Performance - The company reported a revenue of 13.297 billion yuan in 2024, a year-on-year decrease [12] - Sales of new energy materials reached 102,400 tons, with significant recovery in the 3C consumer market [12] - The company maintained its leading position in the cobalt lithium market, achieving a production of 93,900 tons in 2024, a year-on-year increase [12][14] Group 4: Industry Trends - The new energy materials industry is facing challenges such as trade protectionism and declining raw material prices, impacting profit margins [12] - The demand for cobalt lithium is driven by the rise of AI technology in consumer electronics, leading to increased production [12][21] - The electric vehicle market is transitioning from policy-driven to market-driven, with a growing demand for high-performance battery materials [21][22] Group 5: Future Plans - The company aims to enhance its R&D capabilities in advanced materials, including solid-state batteries and sodium-ion batteries [16][22] - Plans include expanding production capacity in France for battery materials and increasing market share in the hydrogen energy sector [17][24] - The company is committed to digital transformation and improving operational efficiency through management innovations [18][25]

厦门厦钨新能源材料股份有限公司 2024 年年度股东大会会议材料 厦门厦钨新能源材料股份有限公司 2024 年年度股东大会会议材料 | 目 录 | | | --- | --- | | 2024 年年度股东大会议程 | 3 | | 关于召开 2024 年年度股东大会的通知 4 | | | 议案一：2024 年度董事会工作报告 | 11 | | 议案二：2024 年度监事会工作报告 | 21 | | 议案三：2024 年度财务决算及 2025 年度财务预算的报告 | 28 | | 议案四：2024 年年度报告及其摘要 | 33 | | 议案五：2024 年度利润分配及资本公积金转增股本方案 | 34 | | 议案六：关于为子公司提供担保的议案 35 | | | 议案七：关于为下属参股子公司提供担保的议案 | 36 | | 议案八：关于聘请公司 2025 年度审计机构的议案 | 37 | | 议案九：关于董事、监事薪酬的议案 38 | | | 议案十：关于 2025 年中期分红安排的议案 40 | | | 议案十一：关于公司《未来三年（2025-2027 年）股东分红回报规划》的议案 | .. 41 | | 议案十 ...

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Insights - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88%, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with Stellantis and Renault planning to launch multiple affordable B-segment electric vehicles by the end of 2024 [6][37] - The report discusses the impact of carbon emission regulations, noting that the EU has revised its assessment method to consider a three-year average from 2025 to 2027, which may alleviate immediate pressure on automakers [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88%, with a penetration rate of 17.1% in Europe. The Renault 5 model was the best-selling B-segment electric vehicle [15][18] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23][25] - Chinese automakers are increasing PHEV exports to mitigate the impact of tariffs, with BYD's sales in Europe rising by 124% [5][32] New Model Launches - Stellantis plans to launch several new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] - BMW is set to begin production of the iX3 by the end of 2025, with a series of NEUE KLASSE models to follow [46] Carbon Emission Regulations - The EU's revised carbon emission assessment method is expected to provide automakers with more time to meet targets, with a focus on increasing BEV penetration rates [53] - Stellantis believes that the revised timeline will prevent panic pricing in Q4 2025 [54] - Renault emphasizes the importance of reducing costs to maintain competitiveness in the electric vehicle market [55] - Volkswagen anticipates continued pressure in 2025, despite the regulatory changes [57] - BMW expresses confidence in meeting carbon emission targets due to its current BEV penetration rate [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

证券代码：688778 证券简称：厦钨新能 公告编号：2025-033 （以下简称 "宁波海诚"）持有公司股份 30,920,634 股，占公司总股本比例的 7.35%，其中 年度利润分配及资本公积金转增股本方案》获得 8,834,467 股，前述股份均已于 ? 减持计划的实施结果情况 股 5%以上股东股份减持计划公告》（公告编号：2025-006）。因自身资金需求， 股东宁波海诚拟通过大宗交易或集中竞价的方式减持公司股份合计不超过 日至 2025 年 5 月 16 日。 自 2025 年 2 月 17 日至 2025 年 3 月 4 日期间，其通过集中竞价交易方式减持了 公司股份 1,493,123 股，占公司总股本的 0.35%。具体内容详见公司 2025 年 3 月 7 日披露的《厦门厦钨新能源材料股份有限公司关于持股 5%以上股东权益变 动触及 1%的提示性公告》（公告编号：2025-011）。 厦门厦钨新能源材料股份有限公司 关于持股 5%以上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 ...