NO.2 东方锆业：董事长冯立明拟减持不超131.5万股 8月20日，东方锆业公告称，公司董事长兼总经理冯立明计划在本公告披露之日起十五个交易日后的3个 月内，以集中竞价/大宗交易方式减持公司股份不超过131.5万股，占公司总股本的0.17%。 每经记者｜朱成祥 每经编辑｜董兴生 丨 2025年8月21日 星期四 丨 NO.1 蔚蓝锂芯：子公司与台湾能元签署合作框架协议 8月20日，蔚蓝锂芯公告称，公司全资子公司马来西亚天鹏与台湾能元签署了《合作框架协议书》，双 方将进行特定产品开发合作、试产及验证、委托代工，并成立合资公司进行产品销售。该协议自双方签 署之日起生效，有效期间为三年，到期经双方书面同意后可展期。此次合作有利于提升公司在高端产品 领域的研发与制造能力，对公司锂电池业务持续发展将发挥积极作用。 点评：蔚蓝锂芯与台湾能元的合作框架协议，标志着双方在锂电池高端产品领域的深度合作。此举不仅 有助于蔚蓝锂芯提升研发与制造能力，也为其锂电池业务的持续发展注入新动力。在锂电市场需求日益 增长的背景下，此次合作有望加速蔚蓝锂芯在全球锂电池市场的竞争力提升，对其长远发展具有积极意 义。 免责声明：本文内容与数据仅 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target valuation of 21.00 - 24.00 CNY, while the current stock price is 18.05 CNY [3]. Core Insights - The company reported strong performance in the first half of 2025, achieving revenue of 3.727 billion CNY and a net profit of 330 million CNY, representing year-on-year growth of 21.59% and 99% respectively [7][11]. - The battery business has shown significant recovery, with a shipment of approximately 310 million units in the first half of 2025, and a 70% year-on-year increase in Q2 shipments [11][12]. - The company is expanding its market presence in new applications such as BBU modules and AI robotics, which are expected to enhance profitability [12][13]. Financial Data and Valuation - Revenue projections for the company are as follows: 5.222 billion CNY in 2023, 6.756 billion CNY in 2024, and an estimated 8.201 billion CNY in 2025, with respective year-on-year growth rates of -17%, 29%, and 21% [2][17]. - The company's gross profit margin is expected to improve, with estimates of 21% in 2025, up from 12.8% in 2023 [17]. - The return on equity (ROE) is projected to increase from 9.0% in the trailing twelve months to 16.0% by 2027 [3][21]. Business Analysis - The battery segment is expected to contribute significantly to profits, with estimated profits of over 1 billion CNY in Q2 2025, driven by increased production rates and price adjustments [11][12]. - The LED and metal logistics segments are also contributing positively, with the LED business alone contributing over 500 million CNY in Q2 2025 [12][13]. - The company is actively pursuing new customer segments in the electric tool market, with overseas customer contributions expected to exceed 50% [11][12].

8月20日，江苏蔚蓝锂芯集团股份有限公司（002245.SZ，下称"蔚蓝锂芯"）宣布，其位于马来西亚的全资子公司Tenpower Malaysia Sdn Bhd（下称"马来西亚 天鹏"）已于8月19日与台湾能元科技股份有限公司（E-One Moli Energy Corp.，下称"台湾能元"）签署为期三年的《合作框架协议书》。双方将以49:51的出 资比例成立合资公司，共同开发、委托代工并销售面向高端应用市场的超高功率圆柱形锂离子电池。 根据协议，台湾能元将负责提供新一代高功率电池的技术规格与品牌渠道；马来西亚天鹏则依托今年4月底刚刚投产的锂电池产线，承担原材料采购、试产 验证及批量代工任务。产品量产后，由合资公司统一接单并向终端客户交付，利润按双方投入的成本及开发贡献进行分成。 台湾能元深耕二次锂电池40余年，旗下MOLICEL®品牌1977年即投入商业化，是全球首家实现可充电锂电池量产的企业，产品已批量配套高阶超跑、 eVTOL（电动垂直起降飞行器）及LEO（近地轨道）航天器。蔚蓝锂芯表示，此次合作将使公司快速切入高端动力及储能赛道，提升马来西亚基地产能利 用率，并强化在全球高端圆柱电池市场的技术与客户 ...

蔚蓝锂芯（002245）(002245.SZ)发布公告，公司全资子公司Tenpower Malaysia Sdn Bhd(以下简称"马来 西亚天鹏"、"甲方")2025年8月19日与能元科技股份有限公司(英文名称：E-One Moli Energy Corp.，"乙 方")签署了《合作框架协议书》，双方发挥各自优势，进行特定产品开发合作、试产及验证、委托代 工，并成立合资公司进行产品销售。本协议自双方签署之日起开始生效，有效期间为三年，到期经双方 书面同意后可展期。 ...

智通财经APP讯， 蔚蓝锂芯(002245.SZ)发布公告，公司全资子公司Tenpower Malaysia Sdn Bhd(以下简 称"马来西亚天鹏"、"甲方")2025年8月19日与能元科技股份有限公司(英文名称：E-One Moli Energy Corp.，"乙方")签署了《合作框架协议书》，双方发挥各自优势，进行特定产品开发合作、试产及验 证、委托代工，并成立合资公司进行产品销售。本协议自双方签署之日起开始生效，有效期间为三年， 到期经双方书面同意后可展期。 ...

人民财讯8月20日电，蔚蓝锂芯（002245）8月20日晚间公告，公司全资子公司TenpowerMalaysia Sdn Bhd(简称"马来西亚天鹏")8月19日与能元科技股份有限公司(台湾公司，简称"台湾能元")签署了《合作 框架协议书》，双方将进行特定产品开发合作、试产及验证、委托代工，并成立合资公司进行产品销 售。 ...

股票代码：002245 股票简称：蔚蓝锂芯 编号：2025-063 江苏蔚蓝锂芯集团股份有限公司 关于子公司签署合作框架协议的公告 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。 风险提示： 1、本协议对公司当期业绩不产生重大影响。 2、本协议已生效，对双方具有法律约束力，为双方全面合作总纲，双方将 在本协议基础上开展合作。其它涉及具体操作协议以此精神为指导，就不同的合 作模式与内容，需经双方协商后另行签订。 3、双方合作涉及产品研发、客户及市场开拓进程等不可预计因素的影响， 提醒广大投资者注意风险。 一、协议签署情况 江苏蔚蓝锂芯集团股份有限公司（以下简称"公司"）全资子公司 Tenpower Malaysia Sdn Bhd（以下简称"马来西亚天鹏"、"甲方"）2025 年 8 月 19 日 与能元科技股份有限公司（台湾公司，英文名称：E-One Moli Energy Corp.， 以下简称"台湾能元"、"乙方"）签署了《合作框架协议书》，双方发挥各自 优势，进行特定产品开发合作、试产及验证、委托代工，并成立合资公司进行产 品销售。本协议自双方签署之日起 ...

蔚蓝锂芯公告，全资子公司Tenpower Malaysia Sdn Bhd 与能元科技股份有限公司签署了《合作框架协议 书》，双方将进行特定产品开发合作、试产及验证、委托代工，并成立合资公司进行产品销售。合资公 司由马来西亚天鹏出资49%，台湾能元出资51%。合作旨在提升公司在高端产品领域的研发与制造能 力，有利于马来西亚天鹏的产能利用率快速提升，对公司锂电池业务持续发展将发挥积极作用。 ...

Group 1 - The core viewpoint of the article highlights the significant developments in the lithium battery industry, including production increases and strategic partnerships among key players [2][3][4][5][6][7][9][11][13]. Group 2 - Blue Lithium's battery shipment volume reached approximately 310 million units in the first half of the year, with a target of over 50% growth for the full year [2]. - CATL established a new subsidiary in Xiamen with a registered capital of 2 billion yuan, focusing on battery manufacturing and sales [3]. - Tailan New Energy signed a contract for a solid-state battery production base in Hubei, marking a significant expansion of its manufacturing network [4]. - BYD launched a range of lithium batteries for electric two and three-wheelers, with prices ranging from 1,298 yuan to 6,998 yuan [6]. - A new project in Kashgar aims to produce 60 million cylindrical power batteries annually, with a total investment of 15 million yuan [7]. - Gree's partnership with China Huadian Group focuses on building low-carbon and zero-carbon industrial parks, promoting a "green + circular" cooperation model [9]. - A project in Hunan for producing 10,000 tons of porous carbon for silicon-carbon anode materials is under environmental assessment, with a total investment of 10 million yuan [11]. - Tianyuan Co. announced that its 900,000 tons/year phosphate mining project has entered trial production, which is expected to enhance future operational performance [13].

Core Insights - The report highlights the rapid growth in the AI and manufacturing sectors, with specific initiatives launched in Shanghai and Guangdong to promote technological advancements [5]. - The DRAM market has reached a historical quarterly high, indicating strong demand and growth potential in the semiconductor industry [7]. - Several companies have reported significant financial results, showcasing both growth and challenges within their respective sectors [9]. Domestic Financial Market - The report notes a mixed performance in the financial market, with major indices experiencing slight declines despite a high trading volume of 2.59 trillion yuan [11]. - AI hardware stocks remain strong, with Industrial Fulian hitting a record high, while other sectors like military and insurance are undergoing adjustments [11]. Industry Latest Developments - OCP has announced the establishment of a light exchange project, with related stocks including Saiwei Electronics and Lingyun Optics [7]. - The report mentions breakthroughs in manned lunar exploration, with companies like Tianyin Machinery and Aerospace Electronics being highlighted [7]. Company Focus - Weilan Lithium Chip reported a total revenue of 3.727 billion yuan and a net profit of 333 million yuan, marking a 99.09% year-on-year increase [9]. - Zhifei Biological experienced a significant revenue drop of 73.06%, resulting in a net loss of 597 million yuan [9]. - Aimeike achieved a revenue of 1.299 billion yuan with a net profit of 789 million yuan, proposing a dividend of 12 yuan per share [9]. - Shengquan Group reported a revenue of 5.351 billion yuan and a net profit increase of 51.19% [9].