Group 1: Company Developments - The joint venture with Zhejiang Yancheng New Energy Commercial Vehicle Group is currently undergoing regulatory approval and has not yet completed business registration. The focus will be on new energy materials, particularly battery materials [2]. - The company is conducting research and innovation in the field of new energy materials, including solid-state battery applications [2]. Group 2: Market Management - The company is actively managing its market value by enhancing core business efficiency, optimizing industry layout, and maintaining stable cash dividends. The cash dividend payout ratio has increased from 20.12% to 31.97% over the past three years [3]. - Regular communication with institutional investors and minority shareholders is emphasized to clearly convey the company's strategic value and growth potential [3]. Group 3: Mining Operations - The mining operations at Jingxi Aitun Manganese Mine are still in the preparatory phase, while exploration work is ongoing at the Xiangtan Nanmuchong Manganese Mine [3]. Group 4: Product Applications - Some of the company's products are applicable in residential energy storage battery fields [4]. - The company is collaborating with solid-state battery enterprises on the application of lithium manganese oxide in semi-solid/solid-state battery fields, with expected breakthroughs around late 2026 or early 2027 [3].

Company Overview - Xiangtan Electric Chemical Co., Ltd. is located in Xiangtan City, Hunan Province, established on September 30, 2000, and listed on April 3, 2007. The company primarily engages in the production and sales of electrolytic manganese dioxide and electrolytic metal manganese, as well as urban sewage treatment [1][2]. Financial Performance - For the first half of 2025, Xiangtan Electric achieved operating revenue of 897 million yuan, representing a year-on-year growth of 4.79%. However, the net profit attributable to shareholders decreased by 18.21% to 126 million yuan [2]. - The company has cumulatively distributed 354 million yuan in dividends since its A-share listing, with 286 million yuan distributed over the past three years [3]. Stock Performance - As of September 19, the stock price of Xiangtan Electric was 14.19 yuan per share, with a market capitalization of 8.932 billion yuan. The stock has increased by 43.04% year-to-date but has seen a decline of 5.59% over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on June 25 [1]. Shareholder Information - As of September 10, the number of shareholders increased by 7.72% to 73,900, while the average circulating shares per person decreased by 7.17% to 8,523 shares [2]. - As of June 30, 2025, the sixth largest circulating shareholder is the Southern CSI 1000 ETF, holding 3.5119 million shares, an increase of 688,500 shares from the previous period [3].

Group 1 - The company Xiangtan Electric Chemical (002125.SZ) announced that its subsidiary Guangxi Lijin currently has an annual production capacity of 40,000 tons of lithium manganate, with a convertible bond project for an annual production of 30,000 tons of spinel-type lithium manganate battery materials having completed the first phase of 20,000 tons and is under construction [1] - Upon completion of the fundraising project, the company's lithium manganate annual production capacity will reach 50,000 tons [1] - The company currently has an annual production capacity of 122,000 tons of electrolytic manganese dioxide and 10,000 tons of manganese tetroxide [1]

Group 1 - The company, Xiangtan Electric Chemical Co., Ltd., will participate in the "2025 Hunan Listed Companies Investor Online Collective Reception Day and Semi-Annual Performance Briefing" to enhance interaction with investors [1] - The event will be held online on September 19, 2025, from 14:00 to 17:00, allowing investors to engage through the "P5W Roadshow" website or related platforms [1] - Company executives will discuss the company's semi-annual performance, governance, development strategy, operational status, and sustainable development during the event [1]

| 证券代码：002125 | 证券简称：湘潭电化 | 公告编号：2025-053 | | --- | --- | --- | | 债券代码：127109 | 债券简称：电化转债 | | 湘潭电化科技股份有限公司 关于参加 2025 年湖南辖区上市公司投资者网上集体接待日 暨半年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，湘潭电化科技股份有限公司（以下简称 "公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公 司联合举办的"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投资者 网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五） 14:00-17:00。届 时公司高管将在线就公司 2025 年半年度业绩、公司治理、发展战略、经营状况 和可 ...

Group 1 - The company, Xiangtan Electric Chemical (002125), reported that as of August 29, 2025, the number of shareholders is 68,557 [1]

Core Viewpoint - Xiangtan Electric Chemical (002125.SZ) reported a mixed performance in its 2025 mid-year financial results, with revenue growth but a decline in net profit and cash flow [1][2]. Financial Performance - The company's total revenue reached 897 million yuan, ranking 49th among disclosed peers, an increase of 41.03 million yuan or 4.79% year-on-year [1]. - The net profit attributable to shareholders was 126 million yuan, ranking 20th among peers, a decrease of 28.03 million yuan or 18.21% year-on-year [1]. - Net cash flow from operating activities was 103 million yuan, ranking 29th among peers, down by 66.61 million yuan or 39.35% year-on-year [1]. Financial Ratios - The latest debt-to-asset ratio stood at 41.23%, ranking 29th among peers, an increase of 4.23 percentage points from the previous quarter and 0.46 percentage points from the same period last year [1]. - The latest gross profit margin was 27.44%, ranking 12th among peers, an increase of 2.58 percentage points from the previous quarter but a decrease of 3.68 percentage points year-on-year [1]. - The latest return on equity (ROE) was 4.12%, ranking 16th among peers, down by 1.31 percentage points year-on-year [1]. Earnings Per Share and Turnover Ratios - The diluted earnings per share were 0.20 yuan, ranking 30th among peers, a decrease of 0.04 yuan or 16.67% year-on-year [2]. - The total asset turnover ratio was 0.18 times, ranking 56th among peers, remaining flat year-on-year but up by 1.73% compared to the same period last year [2]. - The inventory turnover ratio was 1.59 times, ranking 51st among peers, an increase of 0.10 times, marking three consecutive years of growth and a year-on-year increase of 7.05% [2]. Shareholder Structure - The number of shareholders was 77,800, with the top ten shareholders holding 303 million shares, accounting for 48.08% of the total share capital [2]. - The largest shareholder is Xiangtan Electric Chemical Group Co., Ltd., holding 29.5% of shares [2].

财信证券股份有限公司 关于湘潭电化科技股份有限公司 使用募集资金向控股子公司增资及通过控股子公司 向孙公司增资以实施募投项目的核查意见 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》《深圳证券交易所股票上市规则》《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向控股子公司增资及通过控股子公司向孙公司增资以 实施募投项目的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意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注册的批复》（证监许可〔2025〕908 号）同意，公司向 不特定对象发行面值总额 48,700.00 万元可转换公司债券，每张面值为人民币 100 元，发行数量 4,870,000 张，募集资金总额为人民币 487,000,000.00 元。扣除发行 相关费用（不含税）后的募集资金净额为人民币 479,637,140.50 元。上述募集资金 于 2025 年 6 ...

财信证券股份有限公司 关于湘潭电化科技股份有限公司 与关联方共同投资设立合资公司的核查意见 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》《深圳证券交易所股票上市规则》《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，对公司与关联方共同投资设立合资公司的事项进行了审慎核查，核查情况 如下： 一、关联交易概述 公司拟与湘潭电化产投控股集团有限公司（以下简称"电化产投"）、湖南 裕能新能源电池材料股份有限公司（以下简称"湖南裕能"）和浙江远程新能源 商用车集团有限公司（以下简称"浙江远程"）签订《合资合作协议》（以下简 称"本协议"），共同投资设立湖南省新能源材料研究院有限公司（暂定名，以 工商核准为准，以下简称"合资公司"）。合资公司注册资本为人民币 4,000 万元， 其中公司以现金出资 1,000 万元，占注册资本的 25%；其他三方各以现金出资 1,000 万元，均占注册资本的 25%。 根据《深圳证券交易所股票上市规则》相关规定，电化产 ...

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 年度第一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） 二〇二五年八月 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 ...