Core Viewpoint - The financial performance of Shengxin Lithium Energy (002240) for the first half of 2025 shows significant declines in revenue and profit, indicating serious operational challenges and increased costs [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 1.614 billion yuan, a decrease of 37.42% compared to 2.579 billion yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was -841 million yuan, down 349.88% from -187 million yuan in the previous year [1]. - Gross margin fell to -3.72%, a decrease of 235.27% year-on-year, while net margin dropped to -58.69%, down 525.65% [1]. - The total of selling, administrative, and financial expenses reached 396 million yuan, accounting for 24.54% of total revenue, an increase of 85.32% year-on-year [1]. - Earnings per share were -0.92 yuan, a decline of 360.00% from -0.20 yuan in the previous year [1]. Changes in Key Financial Metrics - Cash and cash equivalents increased by 71.78% due to reduced cash outflows for investments [3]. - Inventory decreased by 14.89% as the company increased provisions for inventory impairment [3]. - Short-term borrowings rose by 18.47% due to increased working capital loans [3]. - Operating income decreased by 37.42% due to lower sales volume and average selling prices of lithium salt products [3]. - Operating cash flow decreased by 56.7% as cash received from sales declined compared to the previous year [3]. Business Model and Historical Performance - The company's historical financial performance has been weak, with a median Return on Invested Capital (ROIC) of 2.52% over the past decade, indicating low investment returns [4]. - The company has reported losses in five out of its sixteen annual reports since going public, suggesting a challenging business model [4]. Capital Expenditure and Debt Situation - The company relies on capital expenditures for growth, necessitating careful evaluation of the profitability of these investments [5]. - The cash flow situation is concerning, with cash and cash equivalents covering only 41% of current liabilities [5]. - The interest-bearing debt ratio has reached 38.01%, indicating a significant level of leverage [5]. Mining Project Development - The company is actively developing the Muzhong lithium mine in Sichuan, which has a production capacity of 3 million tons per year and is expected to have low production costs due to its favorable resource endowment [6]. - The Muzhong mine has confirmed Li2O resources of 989,600 tons with an average grade of 1.62%, making it one of the highest-grade lithium mines in the region [6].

Core Viewpoint - Shengxin Lithium Energy (002240.SZ) reported its semi-annual results for 2025, highlighting significant institutional investor holdings and changes in public fund investments [1] Institutional Holdings - As of August 22, 2025, 15 institutional investors disclosed holdings in Shengxin Lithium Energy A-shares, totaling 272 million shares, which represents 29.74% of the company's total share capital [1] - The top ten institutional investors collectively hold 29.64% of the shares, with notable investors including Shenzhen Shengtun Group Co., Ltd., BYD Co., Ltd., and others [1] - Compared to the previous quarter, the combined holding percentage of the top ten institutions decreased by 0.10 percentage points [1] Public Fund Investments - Three public funds reduced their holdings compared to the previous quarter, with a total decrease of 0.11% [1] - Two new public funds disclosed their holdings during this period, namely Zhongyou Zhongzheng 500 Index Enhanced A and Huashan New Materials Theme Stock Initiation A [1] - One public fund, Chang'an Yusheng Mixed A, was not disclosed in this period, indicating a change in the public fund landscape [1]

Group 1 - The company plans to provide guarantees for its wholly-owned subsidiaries, Sichuan Zhiyuan Lithium Industry Co., Ltd. and Shengwei Zhiyuan International Co., Ltd., with a total guarantee amount not exceeding RMB 110 million [3][21] - Sichuan Zhiyuan Lithium Industry will receive a guarantee of up to RMB 30 million from China Everbright Bank, while Shengwei Zhiyuan International will receive a guarantee of up to RMB 350 million from China Construction Bank [2][19] - The company has a total guarantee balance of RMB 432.47 million as of the announcement date, which accounts for 35.96% of the audited net assets attributable to the parent company as of December 31, 2024 [22] Group 2 - Sichuan Zhiyuan Lithium Industry has an audited asset-liability ratio of less than 70%, while Shengwei Zhiyuan International has an asset-liability ratio exceeding 70% [4] - The company has provided a total guarantee of RMB 1.0369 billion for Sichuan Zhiyuan Lithium Industry and RMB 415.23 million for Shengwei Zhiyuan International prior to this announcement [4] - The guarantees are within the scope authorized by the company's annual general meeting and comply with relevant regulations [4][21] Group 3 - The guarantees are based on the good financial condition of the subsidiaries and are expected to have no adverse impact on the company's normal operations and business development [21] - The company has signed maximum guarantee contracts with both banks, which include provisions for joint liability guarantees and cover all debts owed by the subsidiaries [13][17] - There are no overdue guarantees or guarantees involved in litigation as of the announcement date [22]

盛新锂能(002240.SZ)发布2025年半年度报告，该公司营业收入为16.14亿元，同比减少37.42%。归属于 上市公司股东的净亏损为8.41亿元，同比扩大349.88%。归属于上市公司股东的扣除非经常性损益的净 亏损为8.94亿元，同比扩大216.26%。基本每股亏损为0.92元。 ...

格隆汇8月22日丨盛新锂能(002240.SZ)公布半年度报告，2025年上半年，锂盐行业受周期下行的持续影响，产品价格低位运行，根据上海有色网的数据，电池级碳酸锂的价格从年初的7.5万 ...

盛新锂能披露半年报，公司上半年实现营业收入16.14亿元，同比下降37.42%；归属于上市公司股东的 净利润亏损8.41亿元，上年同期亏损1.87亿元。 ...

盛新锂能集团股份有限公司 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 2025 年半年度财务报告 2025 年 8 月 1 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 编制单位：盛新锂能集团股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 3,085,065,154.94 | 1,795,958,165.73 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 16,611,828.77 | 23,815,875.13 | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 390,590,115.92 | 289,688,746.94 | | 应收款项融资 | 231,240,692.51 | 106,434,211.84 | | 预付款项 | 500,382,015.01 | 701,609,734.30 | | 应收保费 | | | | 应收分保账款 | | ...

证券代码：002240 证券简称：盛新锂能 公告编号：2025-053 盛新锂能集团股份有限公司 关于举行2025年半年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 盛新锂能集团股份有限公司（以下简称"公司"）于2025年8月23日在巨潮 资讯网（www.cninfo.com.cn）披露《2025年半年度报告》。 为便于广大投资者进一步了解公司2025年半年度经营情况，公司定于2025 年9月2日（星期二）15:00至17:00时举行2025年半年度网上业绩说明会。本次业 绩说明会将采用网络远程的方式举行，投资者可通过微信扫描以下小程序码或 登录"https://eseb.cn/1qPMUe35MB2"，进入"盛新锂能2025年半年度网上业绩 说明会"界面即可参与交流。为广泛听取投资者的意见和建议，提前向投资者 征集问题，公司将在2025年半年度网上业绩说明会上对投资者关注的问题进行 回答。 特此公告。 盛新锂能集团股份有限公司 董事会 二○二五年八月二十二日 出席本次业绩说明会的人员有：公司董事兼总经理邓伟军先生、财务总监 王琪先生 ...

盛新锂能集团股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | | | 占用方与上市公 | 上市公司核算 | 2025 年期初占 | 2025 年 1-6 | 月占 | 2025 年 1-6 | 月 | 2025 年 1-6 | 月 | 2025 年 | 6 月 30 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 司的关联关系 | 的会计科目 | 用资金余额 | 用累计发生金额 | | 占用资金的利 | | 偿还累计发生 | | 日占用资金余 | | 占用形成原因 | 占用性质 | | | | | | | （不含利息） | | 息（如有） | | 金额 | | 额 | | | | | 控股股东、实际控制 | | | | | | | | | | | | | | | | 人及其附属企业 | | | | | | | | | | | | | | | | 小计 | | | | | | | | | ...

证券代码：002240 证券简称：盛新锂能 公告编号：2025-051 盛新锂能集团股份有限公司 第八届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 盛新锂能集团股份有限公司（以下简称"公司"）第八届监事会第十六次会 议通知于 2025 年 8 月 12 日以电子邮件等方式送达全体监事。本次会议于 2025 年 8 月 22 日在四川省成都市武侯区桂溪街道锦云西一巷成都交易所大厦 14 楼公 司会议室以现场与通讯表决相结合方式召开。会议应出席监事 3 人，实际出席监 事 3 人。本次会议的召集、召开符合《公司法》和《公司章程》的规定。 本次会议以记名投票表决方式审议并通过了如下议案： 以 3 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于<2025 年半 年度报告>及摘要的议案》。 经审议，监事会认为：公司董事会编制和审核公司《2025 年半年度报告》 的程序符合法律、行政法规和中国证监会的规定。公司《2025 年半年度报告》 内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性 陈述或者重大遗漏。 《 ...