融捷股份有限公司公告（2025） 证券代码：002192 证券简称：融捷股份 公告编号：2025-039 融捷股份有限公司 第八届董事会第二十七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 表决结果：6 票赞成，0 票反对，0 票弃权。 2、审议通过了《关于修订公司部分治理制度的议案》 董事会同意公司根据《公司法》《证券法》《上市公司治理准则》等相关法 律法规、规范性文件及证券交易所相关规则和《公司章程》的规定，对公司部分 治理制度相应条款进行修订。具体修订制度如下： 1、本次董事会由董事长吕向阳先生召集，会议通知于 2025 年 8 月 5 日以电 子邮件和手机短信的方式同时发出。 2、本次董事会于 2025 年 8 月 15 日在公司会议室以通讯方式召开并表决。 3、本次董事会应到董事 6 人，实际出席 6 人，代表有表决权董事的 100% 4、本次董事会由董事长吕向阳先生主持，全部高级管理人员列席了本次董 事会。 5、本次董事会的召集、召开符合有关法律法规和《融捷股份有限公司章程》 的规定。 二、董事会会议审议情 ...

融捷股份有限公司 2025 年半年度报告全文 融捷股份有限公司 2025 年半年度报告 【2025 年 08 月】 1 融捷股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人吕向阳、主管会计工作负责人冯志敏及会计机构负责人(会计主管人员)冯 志敏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 半年度报告涉及未来计划等前瞻性陈述，只是公司生产经营计划的预测，不构成公司 对投资者的实质性承诺，投资者及相关人士均应当对此保持足够的风险意识，并且应当理 解计划、预测与承诺之间的差异。 公司业务运营可能面临产业政策变化的风险、锂产品价格波动风险、委外选矿量对公 司经营成果影响的风险、少数客户及关联方依赖风险、锂矿外部环境和采选相关安全环保 风险、选矿扩能项目投产时间不确定性的风险等，详情请查阅"第三节 管理层讨论与分 析"之"十、公司面临的风险和应对措施"相关内容，请投资者注意阅读相关风险并谨慎 ...

Group 1 - The stock price of Rongjie Co., Ltd. on August 15 was 35.96 yuan, an increase of 1.01% from the previous trading day, with a peak of 36.18 yuan and a low of 35.40 yuan, and a trading volume of 300 million yuan [1] - Rongjie Co., Ltd. operates in the energy metals sector, focusing on lithium mining, lithium salt processing, and new energy materials, making it a key player in the domestic lithium resource industry chain with a comprehensive lithium industry layout [1] - On August 15, the net outflow of main funds from Rongjie Co., Ltd. was 19.5681 million yuan, accounting for 0.21% of the circulating market value, with a cumulative net outflow of 182 million yuan over the past five trading days, representing 1.95% of the circulating market value [1]

金融界消息 截至2025年8月15日收盘，融捷股份（002192）报收于35.96元，上涨1.01%，换手率 3.23%，成交量8.37万手，成交金额3.00亿元。 天眼查商业履历信息显示，融捷股份有限公司，成立于1998年，位于广州市，是一家以从事有色金属矿 采选业为主的企业。企业注册资本25965.5203万人民币，实缴资本6534.64万人民币。公司法定代表人为 吕向阳。 通过天眼查大数据分析，融捷股份有限公司共对外投资了16家企业，参与招投标项目4次，知识产权方 面有商标信息6条，专利信息5条，此外企业还拥有行政许可10个。 来源：金融界 资金流向方面，今日主力资金净流出1956.81万元，占比成交额6.51%。其中，超大单净流出1490.33万 元、占成交额4.96%，大单净流出466.48万元、占成交额1.55%，中单净流出流入543.87万元、占成交额 1.81%，小单净流入1412.94万元、占成交额4.7%。 融捷股份最新一期业绩显示，截至2025一季报，公司营业总收入9505.35万元、同比增长15.30%，归属 净利润2003.39万元，同比减少28.69%，扣非净利润1420.89万元 ...

Core Viewpoint - The article discusses the recent developments in the lithium market, particularly focusing on the impact of mining permit expirations and potential supply disruptions on lithium carbonate prices [4][5]. Group 1: Market Developments - On August 11, energy metals surged, with lithium mining stocks leading the gains, including companies like Shengxin Lithium Energy, Tianqi Lithium, and Ganfeng Lithium hitting the daily limit [4]. - Ningde Times announced that it has suspended mining operations at its Yichun project due to the expiration of its mining permit on August 9, and is in the process of renewing the permit [4]. Group 2: Supply and Demand Dynamics - There are concerns regarding eight lithium mining companies in Jiangxi that need to complete their resource verification reports by the end of September, which has been affecting lithium carbonate price trends [4]. - Analysts believe that the suspension of operations could positively impact the supply-demand balance in the lithium carbonate industry, with estimates suggesting a potential monthly impact of 7,000 to 8,000 tons of lithium carbonate equivalent due to permit approval delays [4]. Group 3: Price Expectations - Despite the potential for price increases due to supply disruptions, some analysts argue that the overall market remains oversupplied, and a significant price reversal may take time [5]. - Historical data indicates that when the Yichun mining area was previously suspended in January 2025, lithium carbonate prices ranged between 75,000 to 80,000 yuan per ton, driven by strong demand expectations [4].

Core Insights - Recent announcements from numerous listed companies indicate that significant shareholders are planning substantial share buybacks, reflecting a positive sentiment towards the companies' future development and long-term investment value [1][2][4]. Group 1: Shareholder Buyback Plans - Huaxi Biological announced a plan for its controlling shareholder to buy back shares worth between 200 million and 300 million yuan within six months, utilizing self-owned or self-raised funds [2]. - Daodaoquan's controlling shareholder plans to increase its stake by 50 million to 100 million yuan, with funding sourced from self-owned funds and a special loan of up to 90 million yuan from a bank [2][4]. - Ailuo Energy's controlling shareholder has already bought back shares worth approximately 999.87 thousand yuan and intends to continue the buyback plan, with a total planned investment between 20 million and 30 million yuan [5]. Group 2: Market Reactions and Implications - The increase in share buybacks has led to some shareholders reaching the regulatory threshold for significant shareholding, which has drawn market attention [5][6]. - As of August 11, 699 listed companies or significant shareholders have received buyback loans totaling approximately 1,425.23 billion yuan, indicating a strong trend in leveraging loans for share repurchases [7]. - Shandong Gold's controlling shareholder has secured a loan commitment of up to 900 million yuan from a bank for share buybacks, with plans to invest between 500 million and 1 billion yuan over the next year [7].

Core Viewpoint - The lithium mining sector experienced significant gains on August 11, with various companies reaching their daily price limits, indicating strong market interest and potential investment opportunities in this sector [1]. Group 1: Market Performance - Lithium concept stocks surged, with companies like Shengxin Lithium Energy, Jiangte Motor, and Yongshan Lithium Industry hitting the daily limit, while others like Zhongmin Resources and Ganfeng Lithium rose by 7% [1]. - The futures prices for lithium carbonate saw substantial increases, with the main contract reaching a limit up [2]. Group 2: Company-Specific Developments - CATL's mining operations at the Jiangxiawo mine were halted on August 9, with no immediate plans for resumption. The company stated that the impact on overall operations would be minimal as they are in the process of renewing their mining permit [3][4]. - The Jiangxi Yichun Natural Resources Bureau has mandated eight lithium mining companies, including CATL's Yichun Times New Energy Mining Co., to complete resource verification reports by the end of September [4]. Group 3: Analyst Insights - According to Everbright Securities, the supply disruptions from CATL's mine shutdown are expected to elevate lithium prices in the short term. The report suggests focusing on companies with cost advantages and expansion potential in the resource sector [5].

Core Viewpoint - The lithium mining sector is experiencing a significant surge in stock prices, driven by supply constraints and rising lithium carbonate futures prices, which have increased over 36% since late June [1][2][5]. Industry Analysis - **Lithium Mining Sector**: Regulatory tightening is impacting some lithium mining companies, leading to increased expectations of supply contraction. Meanwhile, stabilizing overseas lithium prices are boosting industry confidence, benefiting listed companies from price increases due to supply reductions [5]. - **Lithium Battery Manufacturing Sector**: The continuous growth in new energy vehicle sales is driving demand for power batteries, with installed capacity increasing by 47.3% year-on-year in the first half of the year. The maturation of solid-state battery technologies presents new development opportunities for the industry [5]. - **Lithium Equipment Sector**: The traditional lithium battery industry is gradually recovering, and capacity expansion is underway. The changing requirements for equipment due to solid-state batteries are expected to create new growth opportunities for lithium equipment companies [5]. Key Companies - **Tianqi Lithium**: A leading global lithium producer, expected to turn a profit in the first half of 2025 with a net profit of 0-1.55 billion yuan, benefiting from shortened lithium pricing cycles and optimized inventory costs [6]. - **Ganfeng Lithium**: A leading lithium product company with deep involvement in solid-state battery technology, having completed relevant R&D and industrialization layouts [7]. - **CATL (Contemporary Amperex Technology Co., Limited)**: A leader in power batteries, actively developing solid-state battery technology, with energy density breakthroughs expected to exceed 500Wh/kg and small-scale production of solid-state batteries anticipated by 2027 [7]. - **Cangge Mining**: A salt lake lithium extraction company, expecting a net profit of 1.75-1.90 billion yuan in the first half of the year, representing a year-on-year growth of 34.93%-46.49% [8].

融捷股份有限公司公告（2025） 证券代码：002192 证券简称：融捷股份 公告编号：2025-038 融捷股份有限公司 关于控股股东完成增持计划的公告 本公司控股股东融捷投资控股集团有限公司保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 近日，融捷股份有限公司（以下简称"公司"）收到公司控股股东融捷投资 控股集团有限公司（以下简称"融捷集团"）出具的《关于完成增持计划的告知 函》，融捷集团于 2025 年 8 月 7 日完成增持计划，现将有关情况公告如下： 一、增持主体基本情况 公司于 2025 年 4 月 12 日披露了《关于控股股东计划增持公司股份的公告》， 融捷集团计划自 2025 年 4 月 12 日起 6 个月内，以自有资金和股票增持专项贷款 通过深圳证券交易所交易系统允许的方式增持公司股份，增持金额不低于人民币 6,000 万元，不超过人民币 12,000 万元。 二、增持计划实施情况 公司于 6 月 17 日、6 月 20 日、7 月 12 日分别披露了《关于控股股东增持股 份的进展公告》 ...

Core Viewpoint - The article analyzes the performance and market capitalization trends of major lithium mining companies in China over the past few years, suggesting that the strong players are likely to remain dominant in the future [2]. Market Capitalization Trends - The article compares the market capitalization of several companies including Tianqi, Rongjie, Shengxin, Ganfeng, Yongxing, and Zhongmin from July 2020 to the present [3]. - Key market capitalization points are highlighted, with Zhongmin set as the baseline (A), showing that other companies have varying multiples of this baseline [9][12][16][19][23]. Production Capacity Changes - Tianqi's equity capacity increased from 70,000 tons to 95,000 tons, with future expectations around 100,000 tons [24]. - Rongjie expanded from 5,000 tons to 25,000 tons, with equity capacity projected to reach 10,000 to 20,000 tons [24]. - Shengxin's capacity grew from 40,000 tons to 137,000 tons, with equity capacity expected to reach 25,000 to 30,000 tons [25]. - Ganfeng's equity capacity rose from over 40,000 tons to 110,000 tons, with total capacity at 260,000 tons and future expectations of 150,000 tons in equity [26]. - Yongxing's capacity increased from 10,000 tons to 30,000 tons, with equity capacity projected to reach 50,000 tons [26]. - Zhongmin's capacity grew from 3,000 tons to 70,000 tons, with equity capacity expected to reach 100,000 tons [26]. Industry Outlook - The article emphasizes that the lithium mining sector is interconnected, and the focus should be on the future growth of equity production capacity, which is crucial for long-term value [26]. - It notes that many high-quality mines have already been acquired, making it challenging to significantly increase equity capacity [27].