Company and Industry Summary Company Overview - The company reported a total revenue of 3.064 billion, reflecting a year-over-year growth of 36.19% [1] Key Points - The half-year results for 2024 indicate a significant increase in revenue compared to the previous year, showcasing strong operational performance [1] Additional Important Information - The growth percentage highlights the company's robust market position and potential for future expansion [1]

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 8.06 yuan [3]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 1.67 billion yuan, up 36.19% year-on-year, and net profit of 124 million yuan, up 260.10% year-on-year [3]. - The lithium battery business experienced substantial growth, with revenue of 1.11 billion yuan, an increase of 15.13% year-on-year, driven by recovering downstream procurement and increased order volume [3]. - The LED business also showed strong performance, with revenue of 751 million yuan, up 24.70% year-on-year, benefiting from successful entry into major global customer supply chains [3]. - The metal logistics distribution business maintained a leading position, with revenue of 1.16 billion yuan, up 13.76% year-on-year, indicating a stable operational status [3]. Financial Performance Summary - Total revenue for 2023 is projected at 5,222 million yuan, with a growth rate of -16.9%. For 2024, revenue is expected to reach 6,741 million yuan, growing by 29.1% [4][10]. - The net profit attributable to shareholders is forecasted to be 141 million yuan in 2023, increasing to 429 million yuan in 2024, reflecting a growth rate of 204.9% [4][10]. - The company's gross profit margin is expected to improve from 12.80% in 2023 to 15.95% in 2024 [4][10]. Earnings Forecast - The company is expected to achieve revenues of 8,190 million yuan in 2025 and 9,544 million yuan in 2026, with corresponding net profits of 569 million yuan and 641 million yuan respectively [4][10]. - The projected PE ratios for 2024, 2025, and 2026 are 22, 16, and 14 respectively, indicating a favorable valuation trend [4][10].

Group 1: Financial Performance - In the first half of 2024, the company achieved total revenue of 306,481.60 thousand yuan, a year-on-year increase of 36.19% [1] - The net profit attributable to shareholders was 16,732.41 thousand yuan, reflecting a significant year-on-year growth of 301.74% [2] - In Q2 2024, revenue reached 1.636 billion yuan, with a quarter-on-quarter increase of 14.44% [2] - The net profit for Q2 was 9,666 thousand yuan, up 36.78% from Q1 [2] Group 2: Business Segments - The metal logistics segment showed steady growth with a year-on-year increase of 13.76% [2] - The LED business performed well, with Q2 revenue of approximately 402 million yuan, representing year-on-year and quarter-on-quarter growth of 78.51% and 15.55%, respectively [2] - The lithium battery segment generated approximately 609 million yuan in Q2, with a quarter-on-quarter increase of about 22.49% [2] Group 3: Production and Capacity - In the first half of 2024, lithium battery sales reached approximately 175 million units, with nearly 100 million units sold in Q2 [3] - The company plans to increase production capacity to around 70 million units by August and September 2024 [3] - Current inventory of lithium batteries is approximately 43 million units, which is considered low based on historical sales data [4] Group 4: Market and Strategic Insights - The company is actively monitoring price adjustments from overseas competitors, which have been generally accepted by international customers [3] - The Malaysian factory is expected to cover three application scenarios: power tools, electric motorcycles, and consumer energy storage products [4] - The company is positioned to benefit from the global supply chain shifts and trade policy changes, enhancing its competitive edge [4]

Investment Rating - The report maintains a "Buy" rating for the company [9] Core Insights - The company's H1 2024 revenue reached 3.06 billion yuan, a year-on-year increase of 36%, with a net profit attributable to shareholders of 167 million yuan, up 301% [19] - The Q2 2024 revenue was 1.64 billion yuan, a 30% increase year-on-year, with a net profit of 97 million yuan, up 78% [19] - The company has shown strong performance in metal logistics and LED business, with significant revenue growth and profitability [2][19] Financial Performance Summary - H1 2024 revenue from metal logistics was 1.16 billion yuan, up 14% year-on-year, contributing a profit of 75 million yuan [2] - H1 2024 revenue from LED business was 750 million yuan, a 79% increase year-on-year, contributing a profit of 30 million yuan [2] - The company expects to achieve a profit contribution of over 150 million yuan from metal logistics for the full year [2] - The lithium battery segment reported H1 revenue of 1.11 billion yuan, a 25% increase year-on-year, with a total shipment of 175 million units [8] Earnings Forecast and Valuation - The report revises the net profit forecast for 2024-2026 to 390 million, 480 million, and 560 million yuan respectively, reflecting year-on-year growth of 180%, 22%, and 17% [9] - The corresponding P/E ratios are projected to be 23x, 19x, and 16x for the years 2024, 2025, and 2026 [9]

股票代码：002245 股票简称：蔚蓝锂芯 编号：2024-045 江苏蔚蓝锂芯股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 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。 江苏蔚蓝锂芯股份有限公司（以下简称"公司"）于 2024 年 7 月 19 日召开 第六届董事会第十六次会议，会议审议通过了《关于使用部分闲置募集资金进行 现金管理的议案》，同意公司（含子公司）在不影响募集资金投资项目建设和正 常生产经营的前提下，使用不超过人民币 8 亿元的闲置募集资金进行现金管理， 投资安全性高、流动性好的保本型投资产品，在上述额度内可循环使用。并授权 公司管理层负责办理相关事宜，授权期限自股东大会审议通过之日起一年内有效， 具体情况公告如下： 一、募集资金的基本情况 经中国证券监督管理委员会《关于核准江苏蔚蓝锂芯股份有限公司非公开发 行股票的批复》（证监许可〔2022〕394 号）批准，公司向特定对象非公开发行 人民币普通股（A 股）股票 116,225,011 股，每股面值 1 元，每股发行价格为人 民币 21.51 元，募集资金总额 2,499,999 ...

Financial Performance - The company's operating revenue for the reporting period reached ¥3,064,816,004.66, representing a 36.19% increase compared to the same period last year[6]. - Net profit attributable to shareholders was ¥167,324,134.78, a significant increase of 301.74% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥124,196,121.95, reflecting a 260.10% increase compared to the previous year[6]. - The net cash flow from operating activities was ¥400,291,952.57, which is a remarkable increase of 476.24% year-on-year[6]. - The company reported a significant improvement in basic and diluted earnings per share, both reaching ¥0.1452, up 301.10% from the previous year[6]. - The weighted average return on equity increased to 2.56%, up from 0.65% in the previous year, indicating improved profitability[6]. - Operating profit reached 218.51 million yuan, reflecting a significant year-on-year growth of 512.30%[49]. - Net profit amounted to 195.95 million yuan, representing a year-on-year increase of 219.08%[49]. - The total comprehensive income for the first half of 2024 was ¥190,849,316.06, compared to ¥61,409,714.90 in the previous year, marking an increase of about 210%[135]. Revenue Breakdown - The lithium battery business generated approximately 1.11 billion in revenue, reflecting a significant year-on-year growth of 78.71%[61]. - The LED business generated approximately 751 million yuan in revenue, a growth of about 24.70% compared to the same period last year[53]. - Revenue from the lithium battery sector reached CNY 1,106,006,206.04, a significant increase of 78.71% compared to the previous year[83]. - The LED industry generated revenue of CNY 750,516,832.01, reflecting a growth of 24.70% year-on-year[83]. - The metal logistics sector contributed CNY 1,156,810,132.88 in revenue, with a year-on-year increase of 13.76%[83]. - Domestic sales accounted for 89.43% of total revenue, while overseas sales represented 10.57%, with overseas sales increasing by 90.32% year-on-year[83]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥10,382,893,427.10, a decrease of 5.70% from the end of the previous year[6]. - The net assets attributable to shareholders increased to ¥6,596,323,036.62, marking a 2.25% rise compared to the previous year[6]. - Total liabilities decreased to CNY 3,476,348,106.23 from CNY 4,227,023,236.87, a decrease of approximately 17.7%[123]. - The company's total equity increased to CNY 6,906,545,320.87 from CNY 6,783,618,001.23, an increase of about 1.8%[123]. Investment and R&D - The company continues to enhance its R&D capabilities, focusing on high-rate small power lithium batteries and solid-state battery technologies[9]. - The company is actively focusing on high-end product development and expanding overseas production capacity to enhance service quality for international clients[93]. - The company plans to continue its investment in research and development to maintain technological and product advancement in a competitive market[96]. - The company's investment amount for the reporting period reached ¥309,722,632.36, a significant increase of 182.74% compared to ¥109,542,303.75 in the same period last year[88]. Market Expansion - The company is actively expanding its market presence in emerging applications such as BBU backup power and AI robotics[10]. - The company is actively expanding its global marketing network, with new offices established in Taiwan, Malaysia, and India, and sales institutions in the US and Europe under development[50]. - The company plans to continue its global expansion strategy, leveraging its technological advancements and product advantages to penetrate new markets[60]. Financial Management - The financial expenses decreased by 12.13%, amounting to approximately 12.01 million, indicating improved financial management[54]. - The company reported a significant reduction in financial expenses, reporting a net financial cost of -¥1,966,812.57 compared to -¥19,760,996.86 in the previous year[140]. - The company has identified risks related to macroeconomic uncertainties and market competition, which could adversely affect operations if not managed properly[96]. Shareholder Returns - The company does not plan to distribute cash dividends or issue bonus shares[38]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[113]. Operational Efficiency - The company has committed to a "Quality Return Dual Improvement" action plan to enhance operational efficiency and product quality[110]. - The company reported a total operating cost of ¥2,604,250,860.00 against the total revenue, indicating a gross profit margin of approximately 15%[175].

一、以 6 票同意，0 票反对，0 票弃权审议通过了公司《2024 年半年度报告》 及摘要； 公 司 《 2024 年 半 年 度 报 告 》 全 文 及摘要 详 见 巨 潮 资 讯 网 （http://www.cninfo.com.cn），《2024 年半年度报告摘要》还刊登于 2024 年 7 月 23 日的《证券时报》。 股票代码：002245 股票简称：蔚蓝锂芯 编号：2024-041 江苏蔚蓝锂芯股份有限公司 第六届董事会第十六次会议决议公告 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。 江苏蔚蓝锂芯股份有限公司（以下简称"公司"）第六届董事会第十六次会 议通知于 2024 年 7 月 8 日以书面方式送达参会人员。会议于 2024 年 7 月 19 日 在公司会议室召开，本次会议为定期会议，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，其中独立董事王亚雄先生以通讯方式表决。 会议由董事长 CHEN KAI 先生主持，监事和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： 二、以 ...

经审核，监事会认为董事会编制和审议江苏蔚蓝锂芯股份有限公司 2024 年 半年度报告的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准 确、完整地反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者 重大遗漏。 公司《 2024 年半年度报告》全文及摘要详见巨潮资讯网 （http://www.cninfo.com.cn），《2024 年半年度报告摘要》还刊登于 2024 年 7 月 23 日的《证券时报》。 二、会议以 3 票同意，0 票反对，0 票弃权审议通过了《关于募集资金 2024 年半年度存放与使用情况的专项报告》； 监事会对公司 2024 年半年度募集资金的存放与使用情况进行了检查，认为： 报告期内，公司未发生募集资金项目变更情况。公司对募集资金进行了专户存储， 不存在变相改变募集资金用途和损害股东利益的情况，不存在违规使用募集资金 的情形。 江苏蔚蓝锂芯股份有限公司（以下简称"公司"）第六届监事会第十四次会 议通知于 2024 年 7 月 8 日以书面方式送达参会人员。会议于 2024 年 7 月 19 日 在公司会议室召开，本次会议为定期会议，会议采用现场结合通讯表决的方式， ...

中信建投证券股份有限公司 关于江苏蔚蓝锂芯股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 一、募集资金的基本情况 经中国证券监督管理委员会《关于核准江苏蔚蓝锂芯股份有限公司非公开发 行股票的批复》（证监许可〔2022〕394 号）批准，公司向特定对象非公开发行 人民币普通股（A 股）股票 116,225,011 股，每股面值 1 元，每股发行价格为人 民币 21.51 元，募集资金总额 2,499,999,986.61 元，减除发行费用人民币 22,314,128.26 元（不含税）后，募集资金净额为 2,477,685,858.35 元。保荐人（主 承销商）中信建投证券股份有限公司已将扣除保荐费及承销费（含增值税）后的 募集资金 2,478,549,986.61 元划至公司指定账户。2022 年 6 月 29 日，经天健会 计师事务所（特殊普通合伙）进行验资，并由其出具天健验〔2022〕6-43 号《江 苏蔚蓝锂芯股份有限公司验资报告》。 根据《江苏蔚蓝锂芯股份有限公司 2021 年非公开发行 A 股股票预案》，以 及募集资金总额、发行费用情况，公司本次向特定对象发行股票募集资金扣除发 行费用后， ...

股票代码：002245 股票简称：蔚蓝锂芯 编号：2024-044 江苏蔚蓝锂芯股份有限公司 关于2024年半年度募集资金存放与使用情况的专项报告 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。 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 | 项 目 | | 序号 | 金 额 | | --- | --- | --- | --- | | 截至期末累计发生额 | 项目投入 | D1=B1+C1 | 167,778.23 | | | 利息收入净额 | D2=B2+C2 | 4,647.48 | | 应结余募集资金 | | E=A-D1+D2 | 84,637.84 | | 实际结余募集资金 | | F | 4,637.84 | | 差异[注] | | G=E-F | 80,000.00 | [注]差异系持有未到期的理财产品 二、募集资金存放和管理情况 (一) 募集资金管理情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权 益，本公司按照《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司监管指引第2号——上市公司募集资 ...