Core Insights - The company reported a revenue of 27.498 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 10.55% [1] - The net profit attributable to shareholders of the listed company reached 1.109 billion yuan, showing a year-on-year increase of 22.66% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 0.821 billion yuan, reflecting a year-on-year growth of 2.65% [1]

Core Viewpoint - The company, Greeenmei, reported strong financial performance for the first three quarters of 2025, driven by growth in key metal resource recycling and battery materials, achieving record high revenues and profits [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 27.498 billion yuan, a year-on-year increase of 10.55%, and a net profit attributable to shareholders of 1.109 billion yuan, up 22.66% [1]. - In Q3 2025, the company recorded operating revenue of 9.937 billion yuan, a 31.89% increase year-on-year, and a net profit of 310 million yuan, reflecting a 52.99% growth [1]. Key Business Developments - The company has established itself as a leader in global key metal resource recycling, creating a comprehensive industrial chain from waste metal recovery to high-purity raw materials and end products, covering over 20 key metals [1]. - In the first three quarters of 2025, the company recycled over 6,000 tons of cobalt, significantly enhancing the stability of its global cobalt supply chain during the Democratic Republic of Congo's cobalt export ban [2]. - Nickel metal shipments from the company's Indonesian nickel resource project reached 79,916 tons, a 151% increase year-on-year, laying a solid foundation for achieving an annual output of 120,000 tons [2]. Product and Technology Advancements - The company reported a tungsten resource recovery shipment of 5,590 tons, a 22% increase year-on-year, and a 59% increase in the recovery of dismantled power batteries, totaling 36,643 tons [3]. - The company is actively promoting the recycling of power batteries and the development of solid-state battery materials, collaborating with a research team to tackle core technology challenges in solid-state battery production [3]. Global Expansion and Capital Strategy - To support its global development strategy, the company submitted an application for an H-share listing on the Hong Kong Stock Exchange in September 2025, aiming to raise funds for capacity construction and international marketing [3]. - The funds raised will be used for key metal resource capacity construction, overseas R&D innovation, digitalization, and working capital to enhance the company's global competitiveness [3].

Core Insights - Greenme released its third-quarter report, showing a revenue of 27,497,696,278.27 yuan for the first three quarters, representing a year-on-year increase of 10.55% [1] - The net profit attributable to shareholders of the listed company reached 1,108,747,393.08 yuan, marking a year-on-year increase of 22.66% [1] Shareholder Changes - Among the top ten circulating shareholders, new entrants include Industrial and Commercial Bank of China - GF Guozhen New Energy Vehicle Battery ETF and Bank of China - Huatai-PineBridge CSI Battery Theme ETF [1]

证券代码：002340 证券简称：格林美 公告编号：2025-115 格林美股份有限公司 关于更换会计师事务所的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、拟聘任的会计师事务所名称：致同会计师事务所（特殊普通合伙）（以 下简称"致同会计师事务所"） 2、原聘任的会计师事务所名称：中审亚太会计师事务所（特殊普通合伙） （以下简称"中审亚太会计师事务所"） 3、变更会计师事务所的原因：鉴于格林美股份有限公司（以下简称"公司"） 已向香港联交所递交境外上市股份（H 股）发行上市申请并刊发申请资料，且已 聘请致同（香港）会计师事务所有限公司为公司本次发行上市的审计机构，因此， 为保持公司审计机构的一致性，公司按照《国有企业、上市公司选聘会计师事务 所管理办法》《公司章程》等有关规定，经综合评估及审慎研究，拟聘任致同会 计师事务所为公司 2025 年度审计机构，聘期为一年。公司已就变更会计师事务 所的相关事宜与前后任会计师事务所进行了沟通，前后任会计师事务所已明确知 悉本次变更事项并确认无异议。 4、公司董事会审计委员会对本次变更会计师事务所事 ...

Group 1 - The core point of the article is that Greeenmei (SZ 002340) announced the convening of its 9th meeting of the 7th Board of Directors on October 30, 2025, via communication voting, which included the proposal for the 6th temporary shareholders' meeting in 2025 [1] - For the first half of 2025, Greeenmei's revenue composition was as follows: 58.23% from new energy battery materials, 36.83% from key metal resource recycling, and 4.94% from power lithium battery recycling [1] - As of the time of reporting, Greeenmei's market capitalization was 44 billion yuan [1]

Core Insights - The rare earth permanent magnet sector saw a slight increase of 0.43% as of the market close on October 30, ranking 8th among concept sectors [1] - Within this sector, 30 stocks experienced gains, with notable increases from Jiuling Technology (up 9.85%), Keheng Co., Ltd. (up 6.89%), and Zhongke Magnetic (up 5.71%) [1] - Conversely, stocks such as Fangbang Co., Ltd. (down 5.68%), Wanlang Magnetic Plastic (down 5.32%), and Gangyan Nake (down 3.49%) faced significant declines [1] Market Performance - The rare earth permanent magnet sector had a net outflow of 160 million yuan in principal funds today, with 26 stocks receiving net inflows [2] - China Aluminum led the net inflow with 168 million yuan, followed by Zhongkuang Resources (130 million yuan), Jinli Permanent Magnet (127 million yuan), and Antai Technology (90.3 million yuan) [2] Fund Flow Ratios - New Fengguang, Keheng Co., Ltd., and Wolong New Energy had the highest net inflow ratios at 15.33%, 11.29%, and 10.51% respectively [3] - The top stocks in the rare earth permanent magnet sector based on net inflow include: - China Aluminum: 4.04% increase, 4.18% turnover rate, 168.41 million yuan net inflow [3] - Zhongkuang Resources: 5.68% increase, 6.37% turnover rate, 129.55 million yuan net inflow [3] - Jinli Permanent Magnet: 4.81% increase, 11.01% turnover rate, 126.72 million yuan net inflow [3] Declining Stocks - Stocks such as Fangbang Co., Ltd. and Wanlang Magnetic experienced the largest declines, with Fangbang down 5.68% and Wanlang down 5.32% [5] - Other notable declines included Zhongke Magnetic (down 1.35%) and Baogang Co., Ltd. (down 1.79%) [5][6]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter and the first three quarters of 2025, driven by its key metal resource recycling and new energy battery materials business [1] Financial Performance - The company's third-quarter revenue reached 9.937 billion yuan, representing a year-on-year increase of 31.89% [1] - Net profit for the third quarter was 310 million yuan, showing a year-on-year growth of 52.99% [1] - For the first three quarters of 2025, total revenue was 27.498 billion yuan, up 10.55% year-on-year [1] - Net profit for the first three quarters was 1.109 billion yuan, reflecting a year-on-year increase of 22.66% [1] Business Drivers - Key metal resource recycling, power lithium battery recycling, and new energy battery materials have been crucial in driving the company's performance growth [1] - The increase in key metal recycling and the full production capacity of Indonesian nickel resources have significantly contributed to the company's historical performance highs [1] - The high-end new energy materials market continues to show breakthroughs, further supporting the company's growth trajectory [1]

证券代码：002340 证券简称：格林美 公告编号：2025-116 （1）现场会议时间：2025 年 11 月 21 日 10:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 21 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的 具体时间为 2025 年 11 月 21 日 9:15 至 15:00 的任意时间。 格林美股份有限公司 关于召开 2025 年第六次临时股东会的通知 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。 一、召开会议的基本情况 1、股东会届次：2025 年第六次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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管指引第 1 号——主板上市公司规范运作》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 11 月 ...

证券代码：002340 证券简称：格林美 公告编号：2025-113 格林美股份有限公司 第七届董事会第九次会议决议公告 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。 一、董事会会议召开情况 格林美股份有限公司（以下简称"公司"）第七届董事会第九次会议通知已于 2025年10月27日，分别以书面、传真或电子邮件等方式向公司全体董事发出，会 议于2025年10月30日以通讯表决方式召开。本次会议应参加会议的董事6人，实 际参加会议的董事6人。出席会议的人数超过董事总数的二分之一，表决有效。 会议召开的时间、地点及方式均符合《中华人民共和国公司法》及《公司章程》 的有关规定。 二、董事会会议审议情况 （http://www.cninfo.com.cn）。 本议案已经公司审计委员会审议通过。 本议案尚需提交公司2025年第六次临时股东会审议。 （一）会议以6票同意、0票反对、0票弃权，审议通过了《2025年第三季度 报告》。 《2025年第三季度报告》详见公司指定信息披露媒体《中国证券报》《证券 时报》《上海证券报》《证券日报》和巨潮资讯网（http://www. ...

Financial Performance - The company's operating revenue for the third quarter reached ¥9,936,957,661.81, an increase of 31.89% compared to the same period last year[5] - Net profit attributable to shareholders was ¥309,644,817.94, reflecting a growth of 52.99% year-on-year[5] - The basic earnings per share increased by 50.00% to ¥0.06, while diluted earnings per share also rose by 50.00% to ¥0.06[5] - For the first three quarters of 2025, the company reported a total revenue of 27.498 billion RMB, reflecting a year-on-year growth of 10.55%, and a net profit of 1.109 billion RMB, which is a 22.66% increase[12] - Net profit for the current period was ¥1,313,130,620.98, representing a 23.6% increase from ¥1,062,051,823.41 in the previous period[41] - Earnings per share (EPS) for the current period was ¥0.22, compared to ¥0.18 in the previous period, indicating a growth of 22.2%[42] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥72,263,521,948.65, representing an 8.18% increase from the end of the previous year[5] - Total liabilities rose to ¥46,938,957,348.75, compared to ¥43,296,921,373.26 in the previous period, reflecting an increase of 6.1%[38] - Total equity increased to ¥25,324,564,599.90 from ¥23,499,803,083.93, showing a growth of 7.8%[38] - Current assets totaled approximately ¥28.36 billion, up from ¥25.82 billion at the start of the period, indicating strong liquidity[35] Investment and Income - The company reported a significant increase in investment income of ¥3,840,000,000, marking a growth of 9,468.11% due to the sale of ECOPRO MAT shares[8] - The company reported investment income of ¥388,126,178.94, significantly higher than ¥4,056,454.96 in the previous period[41] - The company recorded non-operating income of ¥198,395,722.05 for the reporting period, down from ¥288,018,326.04 in the previous year[7] Production and Operations - The company’s nickel metal shipments from its Indonesian project reached 35,939 tons in Q3 2025, with a total of 79,916 tons for the first three quarters, marking a 151% year-on-year increase[15] - The company self-produced 6,534 tons of cobalt metal in Q3 2025, effectively countering a six-month cobalt embargo from the Democratic Republic of Congo[15] - The company recycled 36,643 tons of power batteries in the first three quarters of 2025, representing a 59% year-on-year growth[17] - The company’s tungsten resource recovery shipments reached 5,590 tons in the first three quarters of 2025, a year-on-year increase of 22%[17] - The company’s nickel-cobalt precursor shipments exceeded 120,000 tons in the first three quarters of 2025, with cathode materials shipped reaching over 17,000 tons[17] Strategic Initiatives - The company launched a new 30,000-ton nickel electroplating production line in Indonesia in September 2025, marking a strategic breakthrough in its overseas nickel resource layout[18] - A strategic collaboration was formed with Professor Sun Xueliang's team to advance solid-state battery technology, aiming to enhance safety and energy density for global competitiveness[25] - The company signed a framework agreement with Indonesia's sovereign wealth fund Danantara for a green nickel resource project, targeting a capacity of 66,000 tons of nickel metal[26][27] - Strategic cooperation agreements were signed with Weilan Lithium and Xiamen Tungsten to supply 150,000 tons of battery materials annually from 2026 to 2028, totaling 450,000 tons over three years[28] - The company established a joint innovation laboratory for low-carbon recycling of power batteries in Wuhan with 12 key industry partners, focusing on digital recycling and high-value material development[23] Research and Development - Research and development expenses increased to ¥840,748,120.51, up from ¥782,776,129.73, marking a growth of 7.4%[41] - The company achieved mass production and delivery of the world's first ultra-high nickel 9-series quaternary core-shell precursor in July 2025, filling a significant gap in the global market[20] Cash Flow and Expenditures - Cash inflow from operating activities totaled ¥32,591,976,070.87, an increase from ¥30,227,410,078.99 in the previous period[44] - Cash inflow from investment activities totaled $2.08 billion, significantly up from $375 million in the prior period[45] - Cash outflow for capital expenditures was $9.46 billion, compared to $8.74 billion last year, indicating a 8.2% increase[45] - Net cash flow from financing activities was $5.46 billion, up 23.6% from $4.41 billion in the previous period[45] - The total cash and cash equivalents at the end of the period stood at $4.70 billion, a decrease from $3.25 billion year-over-year[45] Other Information - The company has not undergone an audit for the third quarter financial report[46] - The new accounting standards will be implemented starting in 2025, affecting the financial statements[46] - The company’s board of directors issued a statement on October 30, 2025, regarding financial performance[47]