证券代码：002340 证券简称：格林美 公告编号：2025-111 格林美股份有限公司 关于召开 2025 年第五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 年第五次临时股东会 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： （1）现场会议时间：2025 年 11 月 03 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 03 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 03 日 9:15 至 15:00 的任意时间。 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 10 月 ...

证券代码：002340 证券简称：格林美 公告编号：2025-106 格林美股份有限公司 第七届董事会第八次会议决议公告 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"）第七届董事会第八次会议通知已 于2025年10月10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13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。 会议由公司董事长许开华先生主持，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。 本议案尚需提交公司2025年第五次临时股东会审议。 （二）会议以6票同意、0票反对、0票弃权，审议通过了《关于全资下属公 司增资扩股后过渡期财务资助的议案》。 二、董事会会议审议情况 （一）会议以6票同意、0票反对、0票弃权，审议通过了《关于全资下属公 司增资扩股实施股权改组暨关联交易的议案》。 《关于全资下属公司增资扩股实施股权改组暨关联交易的公告》详见公 ...

Core Points - The establishment of the "GEM-ITB-CSU" laboratory in Bandung, Indonesia, symbolizes the spirit of unity, friendship, and cooperation between China and Indonesia, coinciding with the 70th anniversary of the Bandung Conference [2][6] - The laboratory, funded by the Chinese company Greenmei Group with an investment of $30 million, aims to advance research in metallurgy, new energy materials, and sustainable development [3][4] - Greenmei Group has set ambitious goals for the laboratory by 2030, including producing over 100 innovative results annually and applying for at least 500 global patents [4] Company Overview - Greenmei Group is a leading enterprise in the circular economy sector, having expanded its operations from recycling small batteries to various fields, including electronic waste and battery remanufacturing [5] - The company has established 16 recycling plants and new energy material bases across multiple countries, including China, South Korea, and Indonesia, and has invested $3.7 billion in Indonesia to develop a high-tech park for new energy materials [5] - The laboratory has already seen participation from over 30 engineering master's and doctoral students, with more than 150 core patents related to nickel ore and downstream new energy industries filed [5] Industry Impact - The laboratory serves as a platform for talent cultivation, aiming to train 100 engineers, 1,000 master's students, and 10,000 technical professionals to support Indonesia's "Golden 2045" vision [4] - The initiative aligns with the Belt and Road Initiative, promoting sustainable solutions and low-carbon transformation in collaboration with countries involved in the initiative [4][6]

Group 1 - The core point of the news is that Greeenmei's stock price dropped by 5.06% to 8.63 CNY per share, with a trading volume of 3.255 billion CNY and a turnover rate of 7.19%, resulting in a total market capitalization of 44.223 billion CNY [1] - Greeenmei Co., Ltd. is based in Shenzhen, Guangdong, and specializes in the recycling of waste cobalt and nickel resources, as well as electronic waste, with its main business revenue composition including ternary precursors (38.70%), nickel resources (15.73%), and cobalt recovery (6.74%) [1] - The company was established on December 28, 2001, and went public on January 22, 2010 [1] Group 2 - From the perspective of fund holdings, Huatai-PineBridge Fund has one fund heavily invested in Greeenmei, specifically the Rare Earth ETF (516780), which increased its holdings by 3.4792 million shares in the second quarter, now holding 8.6834 million shares, accounting for 4.93% of the fund's net value [2] - The Rare Earth ETF (516780) was established on February 26, 2021, with a current scale of 1.119 billion CNY and has achieved a year-to-date return of 89.34% [2] - The fund manager of the Rare Earth ETF is Tan Hongxiang, who has been in the position for 4 years and 220 days, with the best fund return during his tenure being 93.67% [3]

Core Insights - The China Securities Battery Theme Index has decreased by 1.63% as of October 14, 2025, with mixed performance among constituent stocks [1] - The Jiashi Battery ETF has seen a significant increase of 9.68% over the past month, ranking first among comparable funds [1] - The Jiashi Battery ETF has reached a new high in scale at 1.792 billion yuan and a record share of 2.196 billion [3] Market Performance - Jiashi Battery ETF recorded a turnover rate of 14.21% with a trading volume of 255 million yuan, indicating active market participation [3] - The ETF has experienced continuous net inflows over the past eight days, totaling 603 million yuan, with a single-day peak inflow of 281 million yuan [3] - The net asset value of the Jiashi Battery ETF has increased by 78.67% over the past six months, ranking 49th out of 3737 index equity funds [3] Industry Outlook - CITIC Construction Investment Research suggests a continued focus on the energy storage sector, highlighting a favorable lithium battery industry outlook due to multiple catalysts [3] - The domestic energy storage market is experiencing a turning point, driven by the expansion of renewable energy and new pricing policies [3] - The demand for lithium batteries is expected to grow significantly in 2026, with Q3 showing notable increases in production and sales [4] Key Stocks - The top ten weighted stocks in the China Securities Battery Theme Index account for 55.79% of the index, with significant players including Longi Green Energy, CATL, and Yiwei Lithium Energy [4] - Notable stock performances include Longi Green Energy up by 2.20% and CATL down by 1.30% [6]

Group 1: ETF Performance and Liquidity - The rare earth ETF managed by Jiashi has a turnover rate of 4.05% and a transaction volume of 369 million yuan [3] - The latest scale of the Jiashi rare earth ETF reached 8.907 billion yuan, marking a new high since its establishment and ranking first among comparable funds [3] - In the past two weeks, the Jiashi rare earth ETF saw a significant increase of 248 million shares [3] - The latest net inflow of funds into the Jiashi rare earth ETF is 613 million yuan [3] - As of October 13, the Jiashi rare earth ETF has achieved a net value increase of 106.16% over the past year, ranking 4th out of 3066 index equity funds, placing it in the top 0.13% [3] - Since its inception, the Jiashi rare earth ETF recorded a highest monthly return of 41.25%, with the longest consecutive monthly increase lasting 4 months and a maximum increase of 83.89% [3] Group 2: Industry Insights and Demand Trends - The demand for rare earth elements is expected to benefit from the growth of industries such as new energy vehicles, wind power, and energy-saving motors, aligning with low-carbon and environmental policies [4] - The traditional peak demand season has arrived, and the supply-demand dynamics are likely to remain favorable, with rare earth prices expected to steadily improve [4] - It is anticipated that the performance of the rare earth industry chain will improve quarter by quarter in the third and fourth quarters of this year, with a continued recommendation for strategic allocation in the rare earth industry chain [4] Group 3: Key Stocks in the Rare Earth Sector - The top ten weighted stocks in the China Rare Earth Industry Index account for 61.96% of the index, including Northern Rare Earth, Wolong Electric Drive, Lingyi Technology, China Rare Earth, Shenghe Resources, Gree Environmental, Goldwind Technology, Baotou Steel, Xiamen Tungsten, and China Aluminum [3] - Notable stock performances include Northern Rare Earth with a 2.72% increase and China Aluminum with a 4.08% increase [6]

Market Overview - The battery sector experienced a decline of 0.53% on the previous trading day, with Defu Technology leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Gainers in the Battery Sector - Haike Xinao (301292) saw a closing price of 26.44, with a significant increase of 12.46% and a trading volume of 317,800 shares, amounting to 788 million yuan [1] - Jinyinhai (300619) closed at 37.67, up 12.35%, with a trading volume of 224,800 shares and a turnover of 810 million yuan [1] - Qiaocheng Ultrasonic (688392) closed at 103.40, rising by 11.97% with a trading volume of 72,800 shares, totaling 728 million yuan [1] Top Losers in the Battery Sector - Defu Technology (301511) closed at 32.27, down 5.95%, with a trading volume of 288,100 shares and a turnover of 928 million yuan [2] - Keda Li (002850) closed at 174.01, decreasing by 5.05%, with a trading volume of 87,900 shares and a turnover of 1.526 billion yuan [2] - Anfu Technology (603031) closed at 39.85, down 4.18%, with a trading volume of 71,500 shares and a turnover of 285 million yuan [2] Capital Flow in the Battery Sector - The battery sector experienced a net outflow of 3.121 billion yuan from institutional investors, while retail investors saw a net inflow of 3.336 billion yuan [2][3] - Notable net inflows from retail investors included Tianqi Materials (002709) with 2.12 billion yuan and Greenmei (002340) with 2.11 billion yuan [3] - Major net outflows from institutional investors included Shida Shenghua (603026) with 94.291 million yuan and Jinyinhai (300619) with 71.922 million yuan [3]

Market Overview - The A-share market experienced an overall decline on October 13, with the Shanghai Composite Index closing at 3889.5 points, down 0.19%, the Shenzhen Component Index at 13231.47 points, down 0.93%, and the ChiNext Index at 3078.76 points, down 1.11% [1] - Total trading volume in the A-share market was 23745.34 billion, a decrease of 1599.58 billion compared to the previous trading day [1] Capital Flow - The A-share market saw a net outflow of main funds amounting to 398.64 billion, with an opening net outflow of 240.33 billion and a tail-end net inflow of 40.31 billion [2] - The CSI 300 index recorded a net outflow of 100.45 billion, while the ChiNext and STAR Market saw net outflows of 157.96 billion and 39.57 billion, respectively [4] Sector Performance - Among the 16 sectors, the electronics industry led with a net inflow of 158.99 billion, followed by non-ferrous metals with 125.83 billion [6][7] - The automotive sector experienced the largest net outflow of 72.77 billion, followed by pharmaceuticals with 24.57 billion and food and beverage with 23.07 billion [7] Individual Stock Highlights - Baogang Co. saw the highest net inflow of main funds at 14.37 billion [8] - Institutions showed significant interest in stocks like Canxin Technology, which had a net institutional buy of 203.48 million, and Duofluoride with 176.91 million [10][11] Institutional Focus - Recent institutional ratings highlighted stocks such as Huaguang Co. with a target price of 48.45, indicating a potential upside of 33.69%, and Changshu Automotive with a target price of 26.60, suggesting a 46.23% upside [12]

Core Insights - The metal cobalt sector experienced a rise of 2.91%, ranking 7th among concept sectors in terms of growth, with notable stocks such as China Ruilin, Beikong Technology, and Huahong Technology hitting the daily limit up [1][2] - Major gainers included Dadi Bear, Ganfeng Lithium, and Huayou Cobalt, which increased by 11.01%, 9.10%, and 8.68% respectively, while the biggest losers were Jinling Mining, Hailiang Co., and Tianqi Co., which fell by 3.08%, 2.52%, and 2.32% respectively [1][2] Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a rise of 6.92%, and Military Equipment Restructuring Concept with an increase of 3.51% [2] - The metal cobalt sector's performance was supported by a net inflow of 0.54 billion yuan from main funds, with 16 stocks receiving net inflows, and 8 stocks exceeding 0.1 billion yuan in net inflows [2][3] Fund Flow Analysis - Leading stocks in terms of net fund inflow ratio included Beikong Technology, Huahong Technology, and China Ruilin, with net inflow ratios of 22.70%, 19.57%, and 14.01% respectively [3][4] - Huayou Cobalt topped the net inflow list with 5.84 billion yuan, followed by Huahong Technology, China Metallurgical Group, and Green Beauty with net inflows of 2.51 billion yuan, 2.16 billion yuan, and 2.12 billion yuan respectively [2][3] Stock Performance - Notable stock performances included Huayou Cobalt with an increase of 8.68% and a turnover rate of 7.94%, and Huahong Technology with a rise of 10.00% and a turnover rate of 13.82% [3][4] - The stocks with the largest declines included Jinling Mining, which fell by 3.08%, and Hailiang Co., which decreased by 2.52% [1][4]

Investment Rating - Industry rating: Recommended [4] Core Insights - The Democratic Republic of Congo (DRC) government has issued conditions for obtaining and distributing cobalt export quotas, effective from October 16, 2025 [1][2] - The DRC is expected to contribute 76% of global cobalt production in 2024, with a projected reduction in export supply over the next two years [10][11] - The report highlights potential supply shortages in the cobalt market due to various companies facing operational challenges [8][10] Summary by Sections Export Quota Details - The basic export quotas for cobalt in 2025 are set at 3,625 tons for October, and 7,250 tons for both November and December [2] - Quotas are allocated based on historical export volumes from January 1, 2022, to December 31, 2024, with specific exclusions for certain companies [2][3] Company-Specific Quotas - Key companies and their basic export quotas for Q4 2025 include: - Luoyang Molybdenum: 6,650 tons - Glencore: 3,925 tons - Eurasian Resources: 2,125 tons - Gecamines: 1,475 tons [6][16] - The 2026 quotas for these companies are projected to be significantly higher, indicating a potential increase in production capacity [7] Supply and Demand Dynamics - The report anticipates a supply gap of approximately 25,500 tons in 2027, driven by increasing global demand for cobalt, particularly in electric vehicles [12][13] - The DRC's export supply is expected to decrease significantly, with a projected reduction of 12,340 tons over the next two years [11][12] Investment Recommendations - The report recommends focusing on companies such as: - Luoyang Molybdenum, which will hold a significant share of the DRC's export quotas - Huayou Cobalt, with substantial production capacity in Indonesia - Other companies like Likin Resources and Greeenmei, which are expanding their nickel and cobalt production capabilities [15]