股票代码：002245 股票简称：蔚蓝锂芯 编号：2025-040 江苏蔚蓝锂芯集团股份有限公司 第七届董事会第一次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 江苏蔚蓝锂芯集团股份有限公司（以下简称"公司"）第七届董事会第一次 会议通知于 2025 年 5 月 23 日以书面方式送达参会人员。会议于 2025 年 5 月 29 日在公司会议室召开，本次会议采用现场结合通讯表决的方式。应出席董事 6 名，实际出席董事 6 名，其中董事 CHEN KAI 先生、独立董事潘东燕先生以通讯 方式表决。会议由董事长 CHEN KAI 先生主持，高级管理人员列席了会议。会议 的召集和召开符合《公司法》和公司章程的有关规定。会议形成如下决议： 一、以 6 票同意，0 票反对，0 票弃权审议通过了《关于选举董事长的议案》； 同意选举 CHEN KAI（陈锴）先生为公司董事长，任期同本届董事会。根据 公司章程，董事长为代表公司执行公司事务的董事，担任公司的法定代表人。 二、以 6 票同意，0 票反对，0 票弃权审议通过了《关于第七届董事会专门 委员 ...

Core Viewpoint - The company reported a significant increase in revenue and profit for 2024 and Q1 2025, driven by strong growth in lithium battery and LED businesses, with expectations for continued high growth in the coming years [1][2]. Financial Performance - For 2024, the company achieved revenue, net profit attributable to shareholders, and net profit excluding non-recurring items of 6.756 billion, 488 million, and 429 million yuan, respectively, representing year-on-year growth of +29.4%, +246.4%, and +285% [2]. - In Q1 2025, the company reported revenue, net profit attributable to shareholders, and net profit excluding non-recurring items of 1.728 billion, 142 million, and 148 million yuan, respectively, with year-on-year growth of +20.9%, +100.6%, and +204%, but a quarter-on-quarter decline of -9.9%, -31.2%, and -24.9% [2]. Lithium Battery Business - The lithium battery segment generated revenue of 2.587 billion yuan in 2024, a year-on-year increase of 58%, with a gross margin of 21.94%, up 13.5 percentage points [3]. - The company sold 442 million lithium batteries in 2024, marking a year-on-year growth of 100.7%, with expectations to reach 700 million units or more in 2025 due to recovery in the electric tool market and growth in capacity-type shipments [1][4]. Pricing and Cost Structure - The average selling price of lithium batteries decreased from approximately 7.43 yuan per unit in 2023 to around 5.85 yuan in 2024, while the profit per unit increased from 0.42 yuan to approximately 0.51 yuan [3]. - In Q1 2025, the average selling price was estimated at around 5.2 yuan per unit, slightly down by 0.2 yuan, attributed to shipment structure changes [4]. Production Capacity and International Expansion - The company's Malaysian factory commenced production in April 2024, expected to contribute over 200 million units this year, helping to mitigate tariff issues due to lower tariffs in Malaysia [5]. - The company anticipates continued growth in lithium battery shipments, with significant contributions from various sectors including electric tools and emerging applications like robotics and AI data centers [4]. Other Business Segments - The LED business is transitioning to high-value products such as miniLED and microLED, while the metal logistics business is maintaining stable growth, with expected contributions of over 150 million and 170 million yuan, respectively [6]. Profit Forecast - The company projects net profit attributable to shareholders for 2025, 2026, and 2027 to be 692 million, 859 million, and 1.09 billion yuan, with corresponding valuation multiples of 21, 17, and 13 times [7].

Group 1 - The AI era presents transformative opportunities for the renewable energy industry chain, with potential deep integration with AIDC, humanoid robots, and low-altitude economy, driving intelligent upgrades in society and expanding growth space in the industry [1][2] - Major AI companies are accelerating capital expenditures, leading to a significant upward shift in the renewable energy + AIDC sector, with technologies like HVDC and BBU enhancing data center efficiency and reliability [1][5] - The humanoid robot sector is at a critical transition from 0 to 1, with the potential for significant growth as companies in the electric vehicle supply chain, such as Tesla, expand into this field [1][21] Group 2 - The renewable energy + AIDC sector is experiencing a major opportunity due to AI's deepening integration, which is expected to optimize resource allocation and enhance decision-making quality [2][5] - Data centers are evolving into innovation centers, with AIDC investments serving as forward-looking indicators of growth, necessitating improvements in energy infrastructure to meet increasing power density demands [5][7] - UPS systems are currently the most widely used in data centers, with HVDC and Panama power systems representing the next evolutionary step in power supply solutions [9][11] Group 3 - The humanoid robot industry is in its early stages, with a projected market size of 10 trillion RMB by 2028, driven by advancements in technology and decreasing costs [14][19] - National policies are significantly supporting the humanoid robot sector, emphasizing its importance and promoting applications across various fields [19][20] - Tesla is a core driver of global humanoid robot development, with plans to produce thousands of units by 2025 and expand production significantly by 2026 [21][25] Group 4 - The low-altitude economy is expected to exceed a trillion RMB in scale, with eVTOL and drones as key components, driven by policy support and rapid advancements in certification processes [50][55] - The low-altitude economy's industrial chain is robust, with a focus on manufacturing and infrastructure, highlighting a dual transformation towards intelligence and low carbon [52][56] - Policies are crucial in the early stages of the low-altitude economy's development, with initiatives aimed at fostering technological breakthroughs and market cultivation [55][59] Group 5 - Key companies in the renewable energy + AIDC sector include Kehua Data, Hewei Electric, and others, while the humanoid robot sector features companies like Keda Li and Zhenyu Technology [2][63] - The low-altitude economy is represented by companies such as Yingboer and EHang, which are actively developing eVTOL products and related technologies [63][62]

Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - Domestic and international cloud service providers have significantly increased capital expenditures in Q1, indicating a rising investment sentiment in the domestic power grid [4] - The power equipment capacity can reach 3-5 times that of computing chips, with the supply and distribution market expected to reach 73 billion yuan by 2026 [4] - The AIDC power equipment sector has seen a general increase in stock prices, with lead-acid batteries, HVDC, and UPS showing the highest gains [4] - The industry is characterized by a long power transmission chain, with global giants like Eaton and Schneider having established strong product lines and solution capabilities, while domestic companies are gaining competitive advantages [4] - The year 2025 is anticipated to be a pivotal year for AIDC construction, with significant capital expenditures expected from major cloud providers [4] Summary by Sections AIDC Power Equipment - Major cloud companies like Tencent and Alibaba have ramped up their AI computing infrastructure investments, with Tencent's capital expenditure reaching 27.48 billion yuan, up 91% year-on-year, and Alibaba's at 24.612 billion yuan, up 121% [4][16] - The global data center's IT load is projected to grow significantly, with a compound annual growth rate (CAGR) of 48% from 2024 to 2026 [4] - The AIDC power equipment sector is expected to benefit from the increasing demand for power supply equipment, including transformers and UPS systems [4] Grid Industry - In March 2025, the national power engineering investment reached 56.9 billion yuan, a decrease of 5.7% year-on-year, while the grid engineering investment was 52 billion yuan, an increase of 18.4% year-on-year [30] - The National Grid's investment in ultra-high voltage equipment is expected to see significant growth in 2025, with a projected annual investment exceeding 650 billion yuan [4] - The bidding results for the National Grid's transmission and transformation equipment show a total bid amount of 17.636 billion yuan, an increase of 12.7% year-on-year [60]

Core Points - Jiangsu Azure Corporation is established as a joint-stock company in accordance with Chinese laws and regulations [1][2] - The company has a registered capital of RMB 1,152.046537 million [2] - The company aims to utilize advanced technology and management to achieve satisfactory economic benefits for itself and its shareholders [3][4] Company Structure - The company was initially established with a share capital of 45 million shares, all subscribed by the founders [1] - The company went public by issuing 15.2 million shares on June 5, 2008, and is listed on the Shenzhen Stock Exchange [2] - The company’s shares are issued in the form of stocks, with each share having a nominal value of RMB 1 [4][5] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including voting at shareholder meetings [9][10] - Shareholders are required to comply with laws and regulations, and they cannot withdraw their capital except as legally permitted [13][40] - The company has provisions for shareholders to propose agenda items for meetings and to request the convening of extraordinary shareholder meetings [58][18] Governance and Management - The company is governed by a board of directors, with the chairman serving as the legal representative [8][9] - The company has established an audit committee to oversee financial practices and ensure compliance with regulations [12][38] - The company’s governance structure includes provisions for the election and removal of directors, as well as the approval of significant corporate actions [46][82] Financial Management - The company can increase its capital through various methods, including issuing new shares and distributing bonus shares [23][24] - The company is restricted from repurchasing its own shares except under specific circumstances, such as capital reduction or employee stock ownership plans [25][26] - The company must disclose financial information and significant events to shareholders and regulatory bodies [11][11]

第一章 总则 第一条 为规范和完善江苏蔚蓝锂芯集团股份有限公司（以下简称"公司"） 董事及高级管理人员的产生，优化董事会及经营管理层的组成，完善公司法人治 理结构，根据《中华人民共和国公司法》（以下简称《公司法》）《上市公司独 立董事管理办法》《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》《上市公司治理准则》《公司章程》及其他有关法律、法规及规范 性文件的规定，特制定本规则。 第二条 董事会提名委员会是董事会设立的专门工作机构，对董事会负责并 报告工作，主要负责对公司董事和高级管理人员的人选、选择标准和程序进行选 择并提出建议。 第二章 人员组成 第三条 提名委员会成员由三名董事组成，其中独立董事占半数以上。 第四条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一提名，并由董事会选举产生。 第五条 提名委员会设召集人一名，由独立董事委员担任，负责主持提名委 员会工作。召集人由提名委员会全体委员过半数选举产生后，报请董事会任免。 第六条 提名委员会任期与每一届董事会任期一致，委员任期届满，连选可 以连任。委员在任职期间，如出现或发生有不再担任公司董事职务情形时，自动 ...

Core Viewpoint - Jiangsu Weilan Lithium Core Group Co., Ltd. has announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.65 RMB per 10 shares, totaling approximately 74.88 million RMB, with no stock dividends or capital reserve transfers planned for this year [1][2]. Summary by Sections 1. Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting held on April 2, 2025, with a cash dividend of 0.65 RMB per 10 shares based on the total share capital of 1,152,046,537 shares [1][2]. - The total cash distribution amounts to 74,883,024.91 RMB, with the remaining undistributed profits carried forward to the next year [1][2]. 2. Dividend Payment Details - The cash dividend will be distributed on May 20, 2025, to all shareholders registered by the close of trading on May 19, 2025 [2]. - Different tax rates apply for various categories of shareholders, with specific provisions for Hong Kong investors and domestic investors [1][2]. 3. Stock Option Adjustment - Following the profit distribution, the exercise price of unexercised stock options under the company's 2024 stock option incentive plan will be adjusted from 7.95 RMB per share [3]. 4. Consultation Information - The company has provided contact details for inquiries regarding the profit distribution plan, including a phone number and address for the board office [3]. 5. Documentation - The announcement and related documents will be available for review as per the company's standard practices [4].

股票代码：002245 股票简称：蔚蓝锂芯 编号：2025-034 江苏蔚蓝锂芯集团股份有限公司 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。 江苏蔚蓝锂芯集团股份有限公司（以下简称"公司"）第六届董事会第二十 三次会议通知于 2025 年 5 月 7 日以书面方式送达参会人员。会议于 2025 年 5 月 12 日在公司会议室召开，本次会议采用现场结合通讯表决的方式。应出席董 事 6 名，实际出席董事 6 名，其中独立董事潘东燕先生、何伟先生以通讯方式表 决。会议由董事长 CHEN KAI 先生主持，高级管理人员列席了会议。会议的召集 和召开符合《公司法》和公司章程的有关规定。会议形成如下决议： 一、以 6 票同意，0 票反对，0 票弃权审议通过了《关于董事会换届选举非 独立董事的议案》； 同意公司董事会换届选举并提名 CHEN KAI 先生、房红亮先生为公司第七届 董事会非独立董事候选人。 上述董事候选人中兼任公司高级管理人员的人数总计未超过公司董事总人 数的二分之一。 公司第七届董事会非独立董事选举将采用累积投票制。 上述非独立董事候选人简历见刊登于 ...

股票代码：002245 股票简称：蔚蓝锂芯 编号：2025-035 江苏蔚蓝锂芯集团股份有限公司 按照相关规定，上述独立董事候选人的任职资格需经深圳证券交易所审核无 异议后方可与其他非独立董事候选人一并提交公司股东会审议。经股东会审议通 过后，将与公司职工代表大会选举产生的 1 名职工代表董事共同组成公司第七届 董事会，公司第七届董事会非独立董事及独立董事分别采取累积投票制选举产生， 董事任期自公司股东会审议通过之日起三年。 三、其他说明 公司第七届董事会董事候选人中，兼任公司高级管理人员以及由职工代表担 任的董事人数总计未超过公司董事总数的二分之一。 为确保董事会的正常运行，在新一届董事会董事就任前，原董事仍将依照法 律、行政法规、部门规章、规范性文件和《公司章程》的规定，忠实、勤勉履行 董事职责，不得有任何损害公司和股东利益的行为。 关于董事会换届选举的公告 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。 江苏蔚蓝锂芯集团股份有限公司（以下简称"公司"）第六届董事会任期届 满，根据《公司法》、《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 ...

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。 股票代码：002245 股票简称：蔚蓝锂芯 编号：2025-036 江苏蔚蓝锂芯集团股份有限公司 关于召开2025年第三次临时股东会的通知 一、召开会议的基本情况 1、股东会届次：本次股东会为 2025 年第三次临时股东会。 2、股东会的召集人：本次股东会由公司董事会召集。公司于 2025 年 5 月 12 日召开第六届董事会第二十三次会议审议通过了《关于召开 2025 年第三次临 时股东会的议案》，同意召开本次股东会。 3、会议召开的合法、合规性：本次股东会会议召开符合有关法律、行政法 规、部门规章、规范性文件、深圳证券交易所业务规则和公司章程等相关规定。 4、会议召开的日期、时间： 本次股东会的现场会议召开时间为 2025 年 5 月 29 日下午 2:30。 网络投票时间为：2025 年 5 月 29 日，其中，通过交易系统进行网络投票的 具体时间为 2025 年 5 月 29 日上午 9:15-9:25，9:30—11:30 和下午 1:00-3:00； 通过互联网投票系统进行网络投票的具体时间为 202 ...