证券代码：002125 证券简称：湘潭电化 债券代码：127109 债券简称：电化转债 财信证券股份有限公司 关于湘潭电化科技股份有限公司 向不特定对象发行可转换公司债券 2025 年度第二次临时受托管理事务报告 债券受托管理人：财信证券股份有限公司 （湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层） 二〇二五年十月 1 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业 行为准则》《湘潭电化科技股份有限公司向不特定对象发行可转换公司债券之 受托管理协议》（以下简称"《受托管理协议》"）及其它相关信息披露文件 以及湘潭电化科技股份有限公司（以下简称"发行人"、"湘潭电化"或"公 司")出具的相关说明文件和提供的相关资料等，由受托管理人财信证券股份有 限公司（以下简称"财信证券"或"受托管理人"）编制。财信证券编制本报 告的内容及信息均来源于湘潭电化提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜作出独立判断，而不应将本报告中的任何内容据以作为财信证券所作的 承诺或声明。在任何情况下，未经财信证券书面许可，不得 ...

财信证券股份有限公司 关于湘潭电化科技股份有限公司 使用募集资金置换预先投入募投项目 及已支付发行费用的自筹资金的核查意见 财信证券股份有限公司（以下简称"保荐人"）作为湘潭电化科技股份有限 公司（以下简称"公司"）向不特定对象发行可转换公司债券的持续督导保荐人， 根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有关规 定，对公司使用募集资金置换预先投入募投项目及已支付发行费用的自筹资金的 事项进行了核查，具体情况如下： 根据《湘潭电化科技股份有限公司向不特定对象发行可转换公司债券募集说 明书》，并经公司第九届董事会第八次会议和第九届监事会第七次会议审议通过， 公司本次向不特定对象发行可转换公司债券的实际募集资金在扣除发行费用（不 含增值税）后将用于如下项目： 单位：元 1 | 序号 | 项目 | 总投资额 | 募集资金投资金额 | 扣除发行费用后募 集资金投资金额 | | --- | --- | --- | --- | --- | | 1 | 年产 3 万吨尖晶石型 锰酸锂电池材料项目 | 485,101,700.0 ...

目 录 一、以自筹资金预先投入募投项目及支付发行费用的鉴证报告…第 1—2 页 二、以自筹资金预先投入募投项目及支付发行费用的专项说明…第 3—4 页 三、附件………………………………………………………………第 5—8 页 （一）本所营业执照复印件……………………………………… 第 5 页 （二）本所执业证书复印件……………………………………… 第 6 页 （三）注册会计师执业资格证书复印件………………………第 7—8 页 关于湘潭电化科技股份有限公司 以自筹资金预先投入募投项目及支付发行费用的 鉴证报告 湘潭电化科技股份有限公司全体股东： 天健审〔2025〕2-504 号 我们鉴证了后附的湘潭电化科技股份有限公司（以下简称湘潭电化公司）管 理层编制的《以自筹资金预先投入募投项目及支付发行费用的专项说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供湘潭电化公司为以募集资金置换预先投入募投项目及支付 发行费用的自筹资金之目的使用，不得用作任何其他目的。 二、管理层的责任 湘潭电化公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司募集资金监管规则》（证监会公告〔2025〕10 号）和《深圳 ...

Financial Performance - Q3 2025 revenue was CNY 505,446,037.37, a decrease of 4.20% year-over-year[5] - Net profit attributable to shareholders was CNY 31,461,849.39, down 65.14% compared to the same period last year[5] - Basic earnings per share decreased by 64.29% to CNY 0.0500[5] - Total operating revenue for the current period reached ¥1,402,293,845.46, an increase from ¥1,383,423,042.50 in the previous period, reflecting a growth of approximately 1.3%[20] - Operating profit decreased to ¥173,198,545.30 from ¥276,725,589.10, indicating a decline of approximately 37.5%[21] - Net profit for the current period was ¥150,342,308.33, down from ¥241,659,804.72, a decrease of around 37.8%[21] - Total comprehensive income amounted to CNY 150,285,644.98, a decrease from CNY 242,037,345.85 in the previous period[22] - Basic and diluted earnings per share were both CNY 0.25, down from CNY 0.39 in the previous period[22] Assets and Liabilities - Total assets increased by 5.62% to CNY 5,200,935,326.35 compared to the end of the previous year[5] - The total assets increased to ¥5,200,935,326.35 from ¥4,924,010,880.57, showing a growth of about 5.6%[18] - Total liabilities rose to ¥2,076,997,218.76 from ¥1,885,029,192.52, an increase of approximately 10.1%[18] - Non-current liabilities totaled ¥1,108,694,725.59, up from ¥814,655,661.47, reflecting a growth of about 36.1%[18] Cash Flow - Cash flow from operating activities decreased by 10.66% to CNY 210,964,472.53 year-to-date[5] - Net cash flow from operating activities was CNY 210,964,472.53, compared to CNY 236,131,429.14 in the previous period, reflecting a decrease of approximately 10.5%[24] - Cash inflow from operating activities totaled CNY 1,045,877,225.90, down from CNY 1,097,932,300.06, indicating a decline of about 4.7%[23] - Cash outflow from operating activities was CNY 834,912,753.37, compared to CNY 861,800,870.92 in the previous period, a decrease of approximately 3.1%[24] - Net cash flow from investing activities was negative at CNY -144,587,717.80, worsening from CNY -61,116,700.40 in the previous period[24] - Cash inflow from financing activities was CNY 979,148,321.64, an increase from CNY 888,520,000.00 in the previous period[24] - The company reported a net increase in cash and cash equivalents of CNY 221,239,586.71, compared to a decrease of CNY -172,117,468.18 in the previous period[24] - The ending balance of cash and cash equivalents was CNY 686,334,397.65, significantly higher than CNY 299,434,554.34 at the end of the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 75,172[12] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 29.54% of shares, totaling 185,928,027 shares[12] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to securities lending[12] - The company has not issued any preferred shares during the reporting period[13] Research and Development - Research and development expenses rose by 43.26% to CNY 66,946,729.13[10] - Research and development expenses increased to ¥66,946,729.13 from ¥46,730,439.18, representing a growth of about 43.2%[21] Investments - Investment income increased by 82.40% to CNY 56,196,588.44 year-over-year[10] - The company reported an investment income of ¥56,196,588.44, up from ¥30,809,317.13, indicating an increase of approximately 82.5%[21] - The company has approved a capital increase of RMB 477,637,140.50 to its subsidiary Guangxi Lijin New Materials Co., Ltd. for investment projects[13] - A joint venture, Hunan New Energy Materials Research Institute Co., Ltd., was established with a registered capital of RMB 40 million, with each party contributing RMB 10 million[14] Liquidity - Cash and cash equivalents increased to RMB 688,958,933.93 from RMB 487,719,347.22, representing a growth of approximately 41.2%[16] - The financial statements indicate a strong liquidity position with significant cash reserves[16] Audit Status - The financial report for the third quarter was not audited[26]

Group 1 - The metal nickel sector experienced a decline of 1.37%, ranking among the top losers in the market, with notable declines from companies such as Tongling Nonferrous Metals and Huayou Cobalt [1][2] - Among the companies in the nickel sector, Huayou Cobalt saw a significant net outflow of 1.235 billion yuan, leading the sector in capital outflow [2][3] - Conversely, Xiamen Xinda, Huanxin Environmental Protection, and Tianqi Co., Ltd. were among the few stocks that increased, with gains of 7.73%, 5.57%, and 1.54% respectively [1][4] Group 2 - The overall capital outflow from the metal nickel sector amounted to 3.444 billion yuan, with 30 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2][3] - The top three companies with the highest capital outflows included Huayou Cobalt (-1.235 billion yuan), Luoyang Molybdenum (-624 million yuan), and Tongling Nonferrous Metals (-516 million yuan) [2][3] - In contrast, the stocks with the highest net inflows included Xiamen Xinda (28.28 million yuan), Tianqi Co., Ltd. (23.44 million yuan), and Xiangtan Electrochemical (23.11 million yuan) [2][3][4]

Core Viewpoint - Xiangtan Electric Chemical's stock has shown a significant increase in price and trading activity, indicating positive market sentiment and potential investment opportunities [1][2]. Group 1: Stock Performance - As of October 28, Xiangtan Electric Chemical's stock price rose by 2.04% to 14.51 CNY per share, with a trading volume of 1.49 billion CNY and a turnover rate of 1.65%, resulting in a total market capitalization of 91.34 billion CNY [1]. - Year-to-date, the stock price has increased by 46.27%, with a slight rise of 0.48% over the last five trading days, 2.54% over the last twenty days, and 3.72% over the last sixty days [1]. Group 2: Financial Performance - For the first half of 2025, Xiangtan Electric Chemical reported a revenue of 897 million CNY, representing a year-on-year growth of 4.79%. However, the net profit attributable to shareholders decreased by 18.21% to 126 million CNY [2]. Group 3: Shareholder Information - As of October 20, the number of shareholders increased to 70,800, up by 2.08%, while the average circulating shares per person decreased by 2.04% to 8,885 shares [2]. - Since its A-share listing, the company has distributed a total of 354 million CNY in dividends, with 286 million CNY distributed over the past three years [3]. Group 4: Major Shareholders - As of June 30, 2025, the Southern CSI 1000 ETF ranked as the sixth largest circulating shareholder, holding 3.51 million shares, an increase of 688,500 shares from the previous period [3].

| 证券代码：002125 | 证券简称：湘潭电化 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：127109 | 债券简称：电化转债 | | 2、本次国有股权无偿划转是在同一实际控制人控制的不同主体之间进行， 符合《上市公司收购管理办法》规定的免于发出要约的情形。 3、本次国有股权无偿划转不会导致公司控股股东和实际控制人发生变化， 公司控股股东仍为湘潭电化集团有限公司，公司实际控制人仍为湘潭市人民政 府国有资产监督管理委员会。 一、本次国有股权无偿划转的基本情况 湘潭电化科技股份有限公司（以下简称"公司"或"本公司"）于近日收到 湘潭产业投资发展集团有限公司（以下简称"产投集团"）出具的《关于无偿划 转湘潭振湘国有资产经营投资有限公司股权相关事项的告知函》以及湘潭市人民 政府国有资产监督管理委员会（以下简称"湘潭市国资委"）出具的《关于同意 无偿划转湘潭振湘国有资产经营投资有限公司股权相关事项的批复》（潭国资 〔2025〕82 号），产投集团将其持有的湘潭振湘国有资产经营投资有限公司（以 下简称"振湘国投"）100%股权无偿划转至湘潭电化产投控股集团有限公司（以 ...

Core Viewpoint - The announcement indicates a non-compensatory transfer of 100% equity of the indirect controlling shareholder of Xiangtan Electric Chemical Industry Group Co., Ltd. to Xiangtan Electric Chemical Industry Investment Holding Group Co., Ltd. This transfer does not change the controlling shareholder or the actual controller of the company [1] Group 1 - The transfer of state-owned equity is conducted between different entities under the same actual controller, complying with the regulations of the "Measures for the Administration of the Acquisition of Listed Companies" regarding exemptions from making offers [1] - The controlling shareholder remains Xiangtan Electric Group Co., Ltd., and the actual controller continues to be the State-owned Assets Supervision and Administration Commission of Xiangtan Municipal People's Government [1]

（文章来源：证券日报） 证券日报网讯湘潭电化10月22日在互动平台回答投资者提问时表示，截至2025年10月20日，公司股东人 数为70840户。 ...

Core Viewpoint - The solid-state battery concept is gaining momentum, with several stocks, including Haike New Energy and Kewell, rising over 10% following Chery Automobile's announcement of technological breakthroughs in the solid-state battery industry chain [1] Group 1: Market Reaction - Solid-state battery stocks experienced significant gains, with Haike New Energy, Kewell, Huasheng Lithium Battery, and Zhuhai Guanyu all rising over 10% [1] - Other companies such as Boliview, Xiangtan Electric, Guoxuan High-Tech, and Zhongke Electric also showed notable increases in stock prices [1] Group 2: Technological Advancements - On October 18, Chery Automobile announced at the 2025 Chery Global Innovation Conference that it has achieved a full industry chain technology breakthrough in solid-state batteries [1] - Chery showcased the Rhino S all-solid-state battery module, which is expected to enhance the range of electric vehicles to 1200-1300 kilometers after installation [1]