江 苏 世 纪 同 仁 律 师 事 务 所 关 于 江 苏 蔚 蓝 锂 芯 股 份 有 限 公 司 2024 年 股 票 期 权 激 励 计 划 （ 草 案 ） 的 关于江苏蔚蓝锂芯股份有限公司 2024 年股票期权激励计划（草案）的 法律意见书 法 律 意 见 书 南京市建邺区贤坤路江岛智立方 C 座 4 层 邮编： 2 10019 电话： + 8 6 2 5 - 83304480 传真： + 8 6 2 5 - 83329335 | 目录 | | --- | | 第一部分 | 前言（律师声明事项） | 1 | | --- | --- | --- | | 第二部分 | 正文 | 3 | | 一、 | 本次激励计划的主体资格 | 3 | | （一） | 蔚蓝锂芯为依法设立存续的上市公司 | 3 | | （二） | | 公司不存在《管理办法》第七条规定的不得实行股权激励的情形..3 | | 二、 | 本次激励计划的主要内容及合规性 | 4 | | （一） | 本次激励计划的目的 | 5 | | （二） | 激励对象的确定依据和范围 | 5 | | （三） | | 本次激励计划的激励工具、来源、数量和分配 5 | ...

证券简称：蔚蓝锂芯 证券代码：002245 江苏蔚蓝锂芯股份有限公司 2024 年股票期权激励计划 （草案）摘要 二〇二四年四月 江苏蔚蓝锂芯股份有限公司 2024 年股票期权激励计划（草案）摘要 声 明 本公司及全体董事、监事保证本激励计划及其摘要的内容真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈述 或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象自相关信息披 露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励计划所获 得的全部利益返还公司。 1 江苏蔚蓝锂芯股份有限公司 2024 年股票期权激励计划（草案）摘要 特别提示 一、江苏蔚蓝锂芯股份有限公司（以下简称"公司"）2024年股票期权激励计 划（以下简称"本激励计划"）系依据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司股权激励管理办法》和其他有关法律、法规、规范性文件 以及《江苏蔚蓝锂芯股份有限公司章程》制定。 二、本激励计划采取的激励工具为股票期权。股票来源为公司向激励对象定 向发行公司A股普通股股票。 三、本激励计划拟向激励对象授予 ...

证券研究报告 ＃industryId＃ 电气设备 ＃investSuggestion＃ | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|--------|---------------------|-------|-------| | 主要财务指标 \n＄ 会计年度 zycwzb\| 主要财务指标＄ | 2023 | 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) | | 5222 6737 7717 8813 | | | | 同比增长 | -16.9% | 29.0% | 14.6% | 14.2% | | 归母净利润 ( 百万元 ) | | 141 434 590 689 | | | | 同比增长 | -62.8% | 208.4% | 35.9% | 16.8% | | 毛利率 | 12.8% | 17.8% | 18.8% | 18.9% | | ROE | 2.2% | 6.3% | 8.0 ...

证券研究报告：电力设备 | 公司点评报告 2024 年 4 月 8 日 公司基本情况 总股本/流通股本（亿股）11.52 / 10.84 总市值/流通市值（亿元）100 / 94 52 周内最高/最低价 15.08 / 5.63 资产负债率(%) 38.4% 市盈率 71.11 第一大股东 绿伟有限公司 股票投资评级 增持|维持 个股表现 -63% -57% -51% -45% -39% -33% -27% -21% -15% -9% -3% 2023-04 2023-06 2023-08 2023-11 2024-01 2024-03 蔚蓝锂芯 电力设备 资料来源：聚源，中邮证券研究所 最新收盘价（元） 8.69 研究所 分析师:王磊 SAC 登记编号:S1340523010001 Email:wanglei03@cnpsec.com 分析师:虞洁攀 SAC 登记编号:S1340523050002 Email:yujiepan@cnpsec.com 蔚蓝锂芯(002245) 需求复苏进行时，eVTOL 等新应用积极开拓 ⚫ 投资要点 事件：蔚蓝锂芯披露 2023 年年报。 分业务板块来看， ⚫ 盈利预测与估 ...

Investment Rating - The report assigns an "Outperform" rating to the company, indicating an expectation of better performance compared to the market index [13][18]. Core Insights - The company's performance in 2023 was under pressure, primarily due to a decline in lithium battery sales, but a recovery in demand is anticipated in 2024 [3][16][20]. - The LED business turned profitable in 2023, with revenue growth and improved gross margins, while the metal logistics business maintained good operational performance [4][29]. - The company is actively pursuing global expansion and exploring new application scenarios for its products, which may enhance future growth prospects [17][20]. Financial Summary - In 2023, the company reported total revenue of 52.22 billion yuan, a decrease of 16.92% year-on-year, and a net profit of 1.41 billion yuan, down 62.78% year-on-year [16][21]. - The gross margin for 2023 was 12.80%, reflecting a decline of 3.04 percentage points compared to the previous year [16][21]. - Revenue projections for 2024-2026 are optimistic, with expected revenues of 62.97 billion yuan, 69.45 billion yuan, and 78.71 billion yuan, respectively, indicating a recovery trend [21][23]. Business Segment Performance - Lithium battery revenue in 2023 was 1.638 billion yuan, down 35.93% year-on-year, with a gross margin of 8.43% [3][21]. - The LED business generated approximately 1.240 billion yuan in revenue, up 10.04% year-on-year, with a gross margin of 13.11% [4][21]. - The metal logistics segment achieved revenue of 2.302 billion yuan, a decline of 11.39% year-on-year, but maintained a stable gross margin of 15.53% [4][29]. Future Outlook - The company expects a gradual recovery in lithium battery demand, with projected sales of 3.80 billion units in 2024, increasing to 5.00 billion units by 2026 [20][21]. - Gross margins for the lithium battery segment are anticipated to improve to 13.00%, 15.00%, and 18.00% over the next three years [20][21]. - The report suggests a valuation range of 8.72 to 10.47 yuan per share based on a price-to-earnings ratio of 25-30 times for 2024 [18][22].

Financial Performance - The company's operating revenue for 2023 was CNY 5,221,855,310, a decrease of 16.92% compared to CNY 6,285,116,740 in 2022[19]. - The net profit attributable to shareholders for 2023 was CNY 140,817,473, down 62.78% from CNY 378,343,919 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 111,485,496, a decrease of 62.59% compared to CNY 298,019,820 in 2022[19]. - Basic earnings per share for 2023 were CNY 0.1222, a decline of 64.67% from CNY 0.3459 in the previous year[19]. - The total assets of Jiangsu Weilan Lithium Core Co., Ltd. at the end of 2023 were approximately CNY 11.01 billion, a decrease of 2.77% compared to the end of 2022[20]. - The net profit attributable to shareholders of the listed company for Q4 2023 was CNY 37.65 million, while the total revenue for the same quarter was CNY 1.53 billion[24]. - The company reported a net profit of CNY 61.51 million in Q3 2023, marking a significant recovery from a loss of CNY 12.55 million in Q1 2023[24]. - The cash flow from operating activities for the year was CNY 355.41 million, a notable improvement compared to a negative cash flow of CNY 30.43 million in the previous year[25]. - The company recorded a total of CNY 29.33 million in non-recurring gains and losses for 2023, down from CNY 80.32 million in 2022[26]. - The company achieved total operating revenue of approximately 5.22 billion yuan, a year-on-year decrease of 16.92%[46]. Business Segments - The company operates in three main business areas: lithium batteries, LED chips, and metal logistics, with a focus on high-end products and services[40]. - The lithium battery business reported a revenue of about 1.64 billion yuan, down 35.93% year-on-year, with a net loss of approximately 35 million yuan[48]. - The LED business turned profitable with total operating revenue of about 1.24 billion yuan, an increase of approximately 10.04% compared to the previous year[50]. - Metal logistics industry revenue decreased by 11.39% to ¥2,302,016,024.81, making up 44.08% of total revenue[51]. Research and Development - The company is actively engaged in research and development of new technologies and products in the lithium battery sector[18]. - The company maintains a strong focus on R&D, enhancing its technical capabilities in lithium battery technology, including NCM, NCA, and LFP systems[46]. - The company is committed to developing solid-state battery technologies and expanding its product offerings in the lithium battery sector[46]. - The company is investing 200 million yuan in R&D for new lithium battery technologies, aiming to enhance energy density by 15%[114]. Market Trends and Opportunities - The lithium battery industry is experiencing rapid growth, with the global power tool market expected to exceed USD 80 billion by 2026, driven by increasing demand for lithium batteries[31]. - The company is focusing on expanding its lithium-ion battery products into new applications such as BBU modules and AI robots, which are expected to support market growth[30]. - The global eVTOL market is expected to grow from $1.2 billion in 2023 to $23.4 billion by 2030, with a CAGR of 52%[35]. - The humanoid robot market is projected to grow from $2.1 billion in 2022 to $34.96 billion by 2030, with a CAGR of 42.1%[36]. Financial Management and Investments - The company raised a total of 250 million yuan through a non-public offering, with a net amount of 247.76 million yuan after deducting fees, and has utilized 62.07 million yuan of the raised funds by the end of 2023[80]. - The company has developed new technologies to improve LED chip performance, achieving over 3% increase in light efficiency through CSP technology[67]. - The company has not encountered any issues or other situations in the use and disclosure of raised funds[84]. - The company has not sold any significant assets during the reporting period[86]. Governance and Shareholder Engagement - The company has established a governance structure to effectively manage risks and ensure sustainable development[95]. - The company held an online communication session on May 8, 2023, discussing its operational status and development plans with institutional and individual investors[96]. - The company is committed to maintaining transparency and effective communication with its shareholders through regular meetings and updates[106]. - The annual shareholders' meeting on May 16, 2023, had a participation rate of 22.85%[105]. Environmental Responsibility - The company has complied with all relevant environmental protection laws and standards during its operations[141]. - The company has obtained all necessary environmental permits and completed environmental impact assessments for its projects[142]. - The company has implemented measures such as energy recovery from coating ovens and the use of vacuum pumps to effectively reduce carbon emissions[149]. - The company has developed emergency response plans for environmental incidents and conducts regular drills to ensure preparedness[147]. Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.0331 million[116]. - The company has implemented a performance-oriented compensation policy, linking employee salaries to individual performance[125]. - The total number of employees at the end of the reporting period was 3,093, with 1,690 in production, 138 in sales, and 942 in technical roles[124]. - The company conducted various training programs to enhance employee skills and meet professional development needs[126].

蔚蓝锂芯（002245.SZ）2023 年年报点评 锂电池业务短期承压，LED 业务增速稳健 2024 年 04 月 03 日 | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|----------------------------------- ...

Investment Rating - The investment rating for the company is "Buy" [12][19]. Core Views - The company's 2023 revenue was 5.22 billion, a decrease of 16.92% year-on-year, with a net profit attributable to shareholders of 140.82 million, down 62.78% year-on-year. The fourth quarter of 2023 saw a revenue of 1.5 billion, an increase of 34% quarter-on-quarter [19]. - The company is actively expanding into emerging fields such as eVTOL and AI robotics, aiming to explore potential applications [11]. - The logistics segment for metals has shown stable growth, contributing 150 million in profit for 2023, with expectations for continued profit growth in 2024 [2]. - The LED segment is expected to achieve profitability in 2024, with a projected contribution of nearly 10 million in Q4 2023 [2]. Summary by Sections Financial Performance - The total revenue for 2023 was 5.22 billion, with a year-on-year decline of 16.92%. The net profit attributable to shareholders was 140.82 million, down 62.78% year-on-year. The gross margin for 2023 was 12.8%, a decrease of 3 percentage points [10][19]. - For 2024, the expected revenue is 6.396 billion, with a projected net profit of 327.16 million, reflecting a year-on-year increase of 132.33% [12][10]. Production and Sales - The company shipped 220 million lithium batteries in 2023, with an expected 30% quarter-on-quarter increase in Q4 shipments [11]. - The target for 2024 is to ship 400 million batteries, representing a year-on-year growth of over 80% [11]. Cash Flow and Capital Expenditure - The operating cash flow for 2023 was 551 million, an increase of 16.2% year-on-year. The company reduced capital expenditures significantly by 55% to 360 million [20][16]. Market Position and Strategy - The company maintains a competitive edge in the 3C market and is expanding its market share in high-growth sectors such as new energy vehicles and 5G communications [2]. - The company is focusing on improving its profitability through strategic investments in emerging technologies and sectors [11].

目 录 | 一、审计报告……………………………………………………… | 第 | 1—7 | | 页 | | --- | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 8—15 | | 页 | | （一）合并资产负债表…………………………………………… | | 第 | 8 | 页 | | （二）母公司资产负债表………………………………………… | | 第 | 9 | 页 | | （三）合并利润表…………………………………………………第 | | | 10 | 页 | | （四）母公司利润表………………………………………………第 | | | 11 | 页 | | （五）合并现金流量表……………………………………………第 | | | 12 | 页 | | （六）母公司现金流量表…………………………………………第 | | | 13 | 页 | | （七）合并所有者权益变动表……………………………………第 | | | 14 | 页 | | （八）母公司所有者权益变动表…………………………………第 | | | 15 | 页 | | 三、财务报表附注… ...

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 非公开发行股票持续督导保荐总结报告书 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为江苏蔚蓝锂芯股份有限公司（以下简称"蔚蓝锂芯"或"公司"）非公开发行 A 股股票的保荐人，履行持续督导职责期限至 2023 年 12 月 31 日。目前，蔚蓝 锂芯非公开发行 A 股股票项目持续督导期已经届满，中信建投证券根据《证券 发行上市保荐业务管理办法》《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》等法规和规范性文件的相关规定，出具本保荐总结报 告书。 一、保荐人及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐人及保荐代表人对其真实性、准确性、完整性承担法律 责任。 2、保荐人及保荐代表人自愿接受中国证券监督管理委员会（以下简称"中 国证监会"）对保荐总结报告书相关事项进行的任何质询和调查。 3、保荐人及保荐代表人自愿接受中国证监会按照《证券发行上市保荐业务 管理办法》的有关规定采取的监管措施。 二、保荐人基本情况 8、是否更换保荐人或其他情况：否 三、上 ...