证券代码：002812 股票简称：恩捷股份 公告编号：2025-129 债券代码：128095 债券简称：恩捷转债 云南恩捷新材料股份有限公司 第五届董事会第四十六次会议决议公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 云南恩捷新材料股份有限公司（以下简称"公司"）第五届董事会第四十六次 会议（以下简称"本次会议"）于 2025 年 8 月 18 日上午 10 时在公司控股子公司 上海恩捷新材料科技有限公司三楼会议室以现场及通讯方式召开。本次会议由董 事长 Paul Xiaoming Lee 先生主持，会议通知已于 2025 年 8 月 8 日以电话、电子 邮件、书面等方式通知全体董事、监事及高级管理人员。本次会议应到董事九人， 实际出席会议的董事九人（其中董事翟俊、董事向明、独立董事李哲、独立董事 潘思明、独立董事张菁以通讯方式出席并表决）。公司监事、高级管理人员列席 了本次会议。本次会议的召集、召开符合《中华人民共和国公司法》及《云南恩 捷新材料股份有限公司章程》（以下简称"《公司章程》"）的有关规定。 二、董事会会议审议情况 经全 ...

格隆汇8月18日丨恩捷股份(002812.SZ)公布2025年半年度报告，上半年公司实现营业收入57.63亿元，同 比增长20.48%；归属于上市公司股东的净利润-9311.38万元，同比盈转亏；归属于上市公司股东的扣除 非经常性损益的净利润-9453.82万元；基本每股收益-0.1元。 ...

```markdown [Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides essential disclaimers, the report's structured table of contents, and definitions of key terms used throughout the document [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content - Company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[5](index=5&type=chunk) - Company's responsible person Paul Xiaoming Lee, head of accounting Li Xianglin, and head of accounting department Deng Jinhuan declare the financial report is true, accurate, and complete[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the structured table of contents of the report, providing quick navigation for investors - The report comprises nine main chapters, covering important notices, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, financial report, and other submitted data[8](index=8&type=chunk) [List of Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section provides a list of the company's reference documents for the reporting period, available at the company's securities department - Reference documents include financial statements signed and sealed by the legal representative, chief financial officer, and head of the accounting department[10](index=10&type=chunk) - Originals of all company documents and announcements publicly disclosed on the information disclosure platform designated by the China Securities Regulatory Commission during the reporting period[11](index=11&type=chunk) - Reference documents are available at the company's securities department[13](index=13&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, ensuring clear understanding of the content - "Enjie Shares," "the Company," or "Company" refers to Yunnan Energy New Material Co., Ltd[14](index=14&type=chunk) - Lithium battery separator is a key internal component of lithium batteries, primarily separating positive and negative electrodes to prevent short circuits[14](index=14&type=chunk) - Wet process and dry process are two main production technologies for lithium battery separators[15](index=15&type=chunk) [Part II Company Profile and Key Financial Indicators](index=7&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section introduces the company's basic information and presents its key accounting data and financial performance metrics for the reporting period [Company Profile](index=7&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) The company's stock abbreviation is Enjie Shares, stock code 002812, listed on the Shenzhen Stock Exchange, with Paul Xiaoming Lee as legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Enjie Shares | | Stock Code | 002812 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Yunnan Energy New Material Co., Ltd. | | Legal Representative | Paul Xiaoming Lee | | Board Secretary | Bai Yunfei | | Contact Number | 0877-8888661 | | Email | groupheadquarter@cxxcl.cn | [Other Information](index=7&type=section&id=%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, the company's contact information, information disclosure, and storage locations remained unchanged, while total share capital and registered capital changed due to equity incentive share repurchases and convertible bond conversions - Company's registered address, office address, website, and email remained unchanged during the reporting period[19](index=19&type=chunk) - The company's total share capital changed from **971,214,903 shares** to **969,507,839 shares**, then to **968,256,500 shares**, and finally to **968,150,717 shares**, with a corresponding reduction in registered capital[21](index=21&type=chunk)[23](index=23&type=chunk) - The aforementioned changes in share capital and registered capital have completed industrial and commercial change registration and filing procedures, and new business licenses have been obtained[22](index=22&type=chunk)[23](index=23&type=chunk) [Key Accounting Data and Financial Indicators](index=8&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first half of 2025, the company's operating revenue increased by 20.48%, but net profit attributable to shareholders decreased by 131.99%, and net cash flow from operating activities decreased by 86.46% H1 2025 Key Accounting Data and Financial Indicators | Indicator | Current Period (billion CNY) | Prior Year Period (billion CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 5.76 | 4.78 | 20.48% | | Net Profit Attributable to Shareholders of Listed Company | -0.09 | 0.29 | -131.99% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -0.09 | 0.26 | -136.43% | | Net Cash Flow from Operating Activities | 0.21 | 1.55 | -86.46% | | Basic Earnings Per Share (CNY/share) | -0.10 | 0.30 | -133.33% | | Diluted Earnings Per Share (CNY/share) | -0.09 | 0.31 | -128.22% | | Weighted Average Return on Net Assets | -0.38% | 1.15% | -1.53% | | **End of Current Period** | | | | | Total Assets | 48.24 | 47.20 | 2.20% | | Net Assets Attributable to Shareholders of Listed Company | 24.79 | 24.47 | 1.32% | [Accounting Data Differences Under Domestic and Overseas Accounting Standards](index=8&type=section&id=%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reported no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and those under Chinese accounting standards - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and those under Chinese accounting standards during the reporting period[26](index=26&type=chunk) - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and those under Chinese accounting standards during the reporting period[27](index=27&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=9&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to CNY 1.42 million, primarily including non-current asset disposal gains, government grants, and fair value changes in financial assets H1 2025 Non-Recurring Gains and Losses | Item | Amount (million CNY) | Explanation | | :--- | :--- | :--- | | Non-current asset disposal gains and losses | 0.90 | | | Government grants included in current profit or loss | 21.16 | | | Fair value changes and disposal gains/losses from financial assets and liabilities held by non-financial enterprises | -11.87 | Bill financing fees | | Reversal of impairment provisions for individually assessed receivables | 1.71 | | | Other non-operating income and expenses apart from the above | -2.82 | | | Other profit/loss items meeting the definition of non-recurring gains and losses | 1.06 | | | Less: Income tax impact | 4.18 | | | Minority interest impact (after tax) | 4.54 | | | Total | 1.42 | | [Part III Management Discussion and Analysis](index=10&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the company's operations, financial performance, investment activities, and risk factors during the reporting period [Main Businesses Engaged in by the Company During the Reporting Period](index=10&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main businesses include film products, packaging and printing products, and packaging materials, with lithium battery separators as a core product maintaining global market leadership [Company's Main Businesses and Products](index=10&type=section&id=%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E4%BA%A7%E5%93%81) The company's main products include lithium battery separators, BOPP films, cigarette packaging, aseptic packaging, specialty paper, and holographic anti-counterfeiting electro-chemical aluminum, serving various industries - The company's main products are categorized into three types: film products (lithium battery separators, BOPP films); packaging and printing products (cigarette packaging and aseptic packaging); and packaging materials (specialty paper, holographic anti-counterfeiting electro-chemical aluminum, and other products)[32](index=32&type=chunk) - The company's wet-process lithium battery separator products primarily serve leading domestic lithium battery enterprises such as CATL, CALB, Gotion High-tech, and BYD, as well as international companies like Panasonic and LGES[33](index=33&type=chunk) [Industry Overview of Core Product: Lithium Battery Separator](index=10&type=section&id=%E6%A0%B8%E5%BF%83%E4%BA%A7%E5%93%81%E9%94%82%E7%94%B5%E6%B1%A0%E9%9A%94%E7%A6%BB%E8%86%9C%E6%89%80%E5%A4%84%E7%9A%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The lithium battery separator industry benefits from global carbon neutrality goals and new energy development, but faces intensified competition and price pressure due to concentrated capacity release - The global new energy vehicle and energy storage markets continue to grow, with global power battery installations increasing by **37.3%** and energy storage battery shipments by **106%** in the first half of 2025[34](index=34&type=chunk) - The lithium battery separator industry faces intense competition and declining product prices due to concentrated capacity release, yet the company maintains its leading position[34](index=34&type=chunk) - Technological innovation and product optimization are industry trends for separator enterprises, with increasing demand for high-value-added products such as coated separators, ultra-thin separators, fast-charging separators, and semi-solid electrolyte separators[37](index=37&type=chunk) [Industry Overview of Other Main Products](index=11&type=section&id=%E5%85%B6%E4%BB%96%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E6%89%80%E5%A4%84%E7%9A%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The BOPP film industry is mature and competitive, while the aseptic packaging market shows steady growth, and aluminum-plastic film gains advantages in soft-pack batteries - BOPP thin film industry is technologically mature with intense market competition[38](index=38&type=chunk) - Aseptic packaging market benefits from rising health consciousness and food safety concerns, with domestic manufacturers expected to expand into high-end markets[39](index=39&type=chunk) - Aluminum-plastic film is a critical packaging material for soft-pack batteries, offering significant advantages in consumer electronics and power battery applications, with increasing market competitiveness[40](index=40&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company leverages its global leadership in wet-process lithium-ion battery separator production and market share to establish significant advantages in cost control, product quality, R&D, talent, and customer resources - The company holds the global leading position in wet-process lithium-ion battery separator production scale and shipment volume, capable of fulfilling large-scale orders from globally renowned lithium battery clients[42](index=42&type=chunk) - Through continuous improvements in production equipment and processes, enhanced yield and qualification rates, and optimized auxiliary material recycling efficiency, the company has achieved industry-leading cost advantages[43](index=43&type=chunk) - The company possesses a comprehensive R&D team, holding **505 valid patent authorizations** (including **40 international patents**) as of June 30, 2025, and actively developing technologies related to semi-solid and all-solid-state batteries[44](index=44&type=chunk) - The company has integrated into the supply chains of most mainstream global lithium battery manufacturers, establishing deep partnerships with leading domestic and international enterprises such as CATL, LGES, and Panasonic[45](index=45&type=chunk)[46](index=46&type=chunk) [Main Business Analysis](index=13&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's core lithium battery separator business accounts for 83.64% of total revenue, with a 24.83% year-over-year increase in revenue and sales, and 20.55% growth in overseas business - Lithium battery separator products accounted for **83.64%** of the company's total operating revenue, with a **24.83% year-over-year increase** in revenue and sales volume during the reporting period[47](index=47&type=chunk) - The company's overseas business revenue increased by **20.55% year-over-year**, with high demands for quality and stability from international clients positively impacting profitability[47](index=47&type=chunk) - The company launched high-safety base film X series, high-wettability base film I series, and second-generation 5μm high-strength base film, and possesses mass production capability for semi-solid battery separators, focusing on solid-state battery material R&D[49](index=49&type=chunk) - The company renewed a three-year supply agreement with LGES and signed a lithium battery separator procurement agreement with a globally renowned US automotive company for 2026-2030[50](index=50&type=chunk) [Year-over-Year Changes in Key Financial Data](index=14&type=section&id=%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%90%8C%E6%AF%94%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue increased by 20.48%, while operating costs rose by 28.85%, and net cash flow from operating activities significantly decreased by 86.46% Key Financial Data YoY Changes | Indicator | Current Period (billion CNY) | Prior Year Period (billion CNY) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 5.76 | 4.78 | 20.48% | Primarily due to increased sales volume in this period | | Operating Cost | 4.87 | 3.78 | 28.85% | Primarily due to increased sales volume and increased fixed costs from the Hungarian base's operation | | Selling Expenses | 0.07 | 0.04 | 84.93% | Primarily due to increased market expansion efforts and sales volume in this period | | Administrative Expenses | 0.37 | 0.28 | 33.00% | Primarily due to the company's strengthened talent team building and increased employee compensation | | Net Cash Flow from Operating Activities | 0.21 | 1.55 | -86.46% | Primarily due to decreased cash received from sales of goods and services in this period | | Asset Impairment Losses (losses indicated by "-") | -0.07 | -0.02 | 245.94% | Primarily due to the company's provision for inventory impairment based on prudence principle | [Operating Revenue Composition](index=14&type=section&id=%E8%90%A5%E4%B8%9A%E6%94%B6%E5%85%A5%E6%9E%84%E6%88%90) The company's total operating revenue increased by 20.48%, with manufacturing contributing 97.00% and lithium battery separators 83.64%, driven by strong growth in Southwest and North China regions Operating Revenue Composition (by Product) | Product | Current Period Amount (billion CNY) | Proportion of Operating Revenue | Prior Year Period Amount (billion CNY) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Lithium Battery Separator | 4.82 | 83.64% | 3.86 | 80.73% | 24.83% | | BOPP Film | 0.27 | 4.75% | 0.27 | 5.64% | 1.44% | | Aseptic Packaging | 0.45 | 7.82% | 0.40 | 8.41% | 12.04% | | Cigarette Packaging | 0.00 | 0.03% | 0.01 | 0.19% | -81.95% | | Specialty Paper | 0.02 | 0.37% | 0.05 | 1.07% | -58.66% | Operating Revenue Composition (by Region) | Region | Current Period Amount (billion CNY) | Proportion of Operating Revenue | Prior Year Period Amount (billion CNY) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Southwest Region | 1.41 | 24.44% | 0.98 | 20.54% | 43.37% | | East China Region | 1.27 | 22.04% | 1.01 | 21.05% | 26.12% | | Central South Region | 1.72 | 29.78% | 1.72 | 35.97% | -0.23% | | Overseas Region | 1.16 | 20.06% | 0.96 | 20.04% | 20.55% | | North China Region | 0.18 | 3.14% | 0.08 | 1.72% | 119.51% | [Non-Core Business Analysis](index=15&type=section&id=%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, non-core business negatively impacted total profit, with asset impairment losses accounting for 106.75% due to inventory provisions, and negative investment income from bill financing fees Impact of Non-Core Business on Total Profit | Item | Amount (million CNY) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -12.01 | 18.76% | Primarily due to bill financing fees | No | | Asset Impairment | -68.34 | 106.75% | Primarily due to the company's provision for inventory impairment based on prudence principle | No | [Asset and Liability Status Analysis](index=15&type=section&id=%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, total assets increased by 2.20%, and net assets attributable to shareholders increased by 1.32%, with significant shifts in fixed assets and construction in progress due to new production lines - As of the end of the reporting period, the company's total assets amounted to **CNY 48.24 billion**, representing a **2.20% increase** from the end of the previous year[24](index=24&type=chunk) - Fixed assets at the end of the period were **CNY 26.20 billion**, accounting for **54.32%** of total assets, an increase of **5.74%**, primarily due to the capitalization of newly completed production lines[62](index=62&type=chunk)[63](index=63&type=chunk) - Construction in progress at the end of the period was **CNY 3.32 billion**, accounting for **6.89%** of total assets, a decrease of **5.53%**, primarily due to a reduction in new production lines[63](index=63&type=chunk) [Significant Changes in Asset Composition](index=15&type=section&id=%E8%B5%84%E4%BA%A7%E6%9E%84%E6%88%90%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) At the end of the reporting period, fixed assets significantly increased by 5.74% of total assets due to new production line capitalization, while construction in progress decreased by 5.53% Significant Changes in Asset Composition | Item | End of Current Period Amount (billion CNY) | Proportion of Total Assets | End of Prior Year Amount (billion CNY) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Fixed Assets | 26.20 | 54.32% | 22.93 | 48.58% | 5.74% | Primarily due to completion and capitalization of new production lines | | Construction in Progress | 3.32 | 6.89% | 5.86 | 12.42% | -5.53% | Primarily due to reduction in new production lines | [Major Overseas Assets](index=16&type=section&id=%E4%B8%BB%E8%A6%81%E5%A2%83%E5%A4%96%E8%B5%84%E4%BA%A7%E6%83%85%E5%86%B5) The company had no significant overseas assets during the reporting period - The company had no significant overseas assets during the reporting period[64](index=64&type=chunk) [Assets and Liabilities Measured at Fair Value](index=16&type=section&id=%E4%BB%A5%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F%E7%9A%84%E8%B5%84%E4%BA%A7%E5%92%8C%E8%B4%9F%E5%80%BA) At the end of the reporting period, the company's financial assets measured at fair value, totaling CNY 528.40 million, primarily comprised other equity instrument investments and bank acceptance bills, with no fair value changes impacting profit or loss Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (million CNY) | Amount Purchased in Current Period (million CNY) | Amount Sold in Current Period (million CNY) | Ending Balance (million CNY) | | :--- | :--- | :--- | :--- | :--- | | 1. Other Equity Instrument Investments | 78.00 | 0.00 | 0.00 | 78.00 | | Bank Acceptance Bills | 408.09 | 450.40 | 408.09 | 450.40 | | Total Above | 486.09 | 450.40 | 408.09 | 528.40 | [Asset Rights Restriction as of the End of the Reporting Period](index=16&type=section&id=%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%B5%84%E4%BA%A7%E6%9D%83%E5%88%A9%E5%8F%97%E9%99%90%E6%83%85%E5%86%B5) As of the end of the reporting period, certain company assets, including CNY 878.08 million in monetary funds, CNY 1.39 billion in fixed assets, and CNY 129.03 million in intangible assets, were restricted as collateral for loans or government grants Asset Rights Restriction as of June 30, 2025 | Item | Book Balance (million CNY) | Book Value (million CNY) | Restriction Type | Restriction Details | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 878.08 | 878.08 | Pledge | Margin deposits, bank-supervised account deposits | | Fixed Assets | 1,574.62 | 1,394.71 | Mortgage | Mortgage for loans, mortgage for government grants | | Intangible Assets | 140.71 | 129.03 | Mortgage | Mortgage for loans | [Investment Status Analysis](index=17&type=section&id=%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's total investment decreased by 32.21% year-over-year, primarily due to reduced investment in construction in progress, while it continued to advance multiple industrialization projects - The investment amount for the reporting period was **CNY 1.61 billion**, a **32.21% decrease** compared to the prior year period[67](index=67&type=chunk) - Multiple lithium battery separator and aseptic packaging industrialization projects are underway, including the Yuxi Energy annual production of 1.6 billion square meters lithium battery separator project, the Hungary lithium battery separator project, and the Anhui Hongchuang annual production of 12 billion aseptic liquid beverage packaging boxes project[69](index=69&type=chunk)[71](index=71&type=chunk) - As of June 30, 2025, the overall utilization rate of raised funds was **97.93%**, with an unused balance of **CNY 423.68 million**[75](index=75&type=chunk) - The 'Jiangsu Ruijie Power Vehicle Lithium Battery Aluminum-Plastic Film Industrialization Project' is proposed to be terminated, with remaining raised funds permanently supplementing working capital to mitigate investment risks[85](index=85&type=chunk) [Overall Situation](index=17&type=section&id=%E6%80%BB%E4%BD%93%E6%83%85%E5%86%B5) During the reporting period, the company's total investment was CNY 1.61 billion, a 32.21% decrease compared to CNY 2.37 billion in the prior year period Investment Amount YoY Change | Indicator | Amount (billion CNY) | | :--- | :--- | | Investment Amount in Current Period | 1.61 | | Investment Amount in Prior Year Period | 2.37 | | Change Rate | -32.21% | [Significant Equity Investments Acquired During the Reporting Period](index=17&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%8E%B7%E5%8F%96%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company had no significant equity investments during the reporting period - The company had no securities investments during the reporting period[72](index=72&type=chunk) [Significant Non-Equity Investments Underway During the Reporting Period](index=17&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%AD%A3%E5%9C%A8%E8%BF%9B%E8%A1%8C%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E9%9D%9E%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company is undertaking several major non-equity investment projects, primarily focused on constructing lithium battery separator and aseptic packaging industrial bases, with Wuxi Energy Phase II and Hungary Lithium Battery Separator projects already completed Progress of Significant Non-Equity Investment Projects | Project Name | Investment Method | Industry Involved | Cumulative Actual Investment as of End of Reporting Period (billion CNY) | Project Progress | | :--- | :--- | :--- | :--- | :--- | | Wuxi Energy New Material Industrial Base Phase II Project | Self-built | Lithium Battery Separator | 2.41 | 100.00% | | Hungary Lithium Battery Separator | Self-built | Lithium Battery Separator | 3.16 | 100.00% | | Chongqing Energy High-Performance Lithium-Ion Battery Microporous Separator Project (Phase II) | Self-built | Lithium Battery Separator | 1.89 | 95.00% | | Jiangsu Energy Power Vehicle Lithium Battery Separator Industrialization Project | Self-built | Lithium Battery Separator | 3.55 | 95.23% | | Jiangsu Ruijie Power Vehicle Lithium Battery Aluminum-Plastic Film Industrialization Project | Self-built | Aluminum-Plastic Film | 0.57 | 62.68% | | Yuxi Energy Annual Production of 1.6 Billion Square Meters Lithium Battery Separator Production Line Construction Project | Self-built | Lithium Battery Separator | 1.76 | 57.00% | [Financial Asset Investments](index=18&type=section&id=%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7%E6%8A%95%E8%B5%84) The company had no securities or derivative investments during the reporting period - The company had no securities investments during the reporting period[72](index=72&type=chunk) - The company had no derivative investments during the reporting period[73](index=73&type=chunk) [Use of Raised Funds](index=19&type=section&id=%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E6%83%85%E5%86%B5) The company raised funds through IPO, convertible bonds, and private placements, with an overall utilization rate of 97.93% as of the reporting period end, while some projects were terminated or delayed due to market changes Overall Use of Raised Funds | Fundraising Year | Fundraising Method | Total Raised Capital (billion CNY) | Net Raised Capital (billion CNY) | Cumulative Used Raised Capital (billion CNY) | Proportion of Raised Capital Used at End of Reporting Period | | :--- | :--- | :--- | :--- | :--- | :--- | | 2016 | Initial Public Offering | 0.78 | 0.75 | 0.66 | 88.01% | | 2020 | Issuance of Convertible Bonds to Unspecified Objects | 1.60 | 1.59 | 1.59 | 100.00% | | 2020 | Private Placement of Shares | 5.00 | 4.98 | 5.04 | 101.09% | | 2023 | Private Placement of Shares | 7.50 | 7.45 | 7.18 | 96.38% | | Total | -- | 14.88 | 14.77 | 14.46 | 97.93% | - The 'New Annual Production of 13,000 Tons High-Grade Environmentally Friendly Specialty Paper Expansion Project' and 'R&D Center Construction Project' were changed to the 'Energy Technology Research Institute Project' and put into use in 2023[77](index=77&type=chunk) - The 'Jiangsu Ruijie Power Vehicle Lithium Battery Aluminum-Plastic Film Industrialization Project' is proposed to be terminated, and the remaining raised funds will be permanently used to supplement working capital; this matter still requires shareholder meeting approval[85](index=85&type=chunk) - The 'Energy Technology Research Institute Project' did not meet the planned progress, primarily due to changes in the lithium battery separator market and cautious procurement of experimental equipment, and the project has been extended to December 31, 2026[91](index=91&type=chunk) [Disposal of Significant Assets and Equity](index=25&type=section&id=%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not engage in any significant asset or equity disposal during the reporting period - The company did not sell significant assets during the reporting period[92](index=92&type=chunk) - The company did not sell significant equity during the reporting period[93](index=93&type=chunk) [Analysis of Major Holding and Associate Companies](index=26&type=section&id=%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Major subsidiaries Shanghai Energy and Hongchuang Packaging both saw revenue growth, with Shanghai Energy's lithium battery separator business growing by 23.88% but incurring a net loss, while Hongchuang Packaging's aseptic packaging business achieved a net profit of CNY 42 million Key Holding and Associate Companies | Company Name | Company Type | Main Business | Operating Revenue (billion CNY) | Operating Profit (billion CNY) | Net Profit (billion CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Energy | Subsidiary | Lithium Battery Separator | 5.00 | -0.26 | -0.28 | | Hongchuang Packaging | Subsidiary | Aseptic Packaging | 0.46 | 0.07 | 0.06 | - Shanghai Energy achieved operating revenue of **CNY 5.00 billion** from January to June 2025, a **23.88% year-over-year increase**, with a net loss attributable to owners of the parent company of **CNY 231 million**[95](index=95&type=chunk) - Hongchuang Packaging achieved operating revenue of **CNY 457 million** from January to June 2025, a **12.25% year-over-year increase**, with a net profit of **CNY 42 million**[96](index=96&type=chunk) - During the reporting period, the company invested in and established HONGCHUANG PACKAGING MALAYSIA SDN. BHD. and Yuxi Energy Frontier New Material Technology Co., Ltd[95](index=95&type=chunk) [Structured Entities Controlled by the Company](index=26&type=section&id=%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company had no controlled structured entities during the reporting period - The company had no controlled structured entities during the reporting period[97](index=97&type=chunk) [Risks Faced by the Company and Countermeasures](index=26&type=section&id=%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces various risks, including policy adjustments, market competition, raw material price fluctuations, project implementation, technology loss, and management challenges, which it addresses through diversification, innovation, and global expansion - Risk: Lithium battery separator business is subject to national policy adjustments, which may adversely affect the company's operating performance[97](index=97&type=chunk) - Response: Actively invest in R&D for new separator applications, explore new commercial markets, and strategically diversify product lines to mitigate operational risks[97](index=97&type=chunk) - Risk: Increasing competition in the lithium-ion battery separator industry may negatively impact the company's performance[97](index=97&type=chunk) - Response: Continuously reduce costs and increase efficiency through technological innovation to improve product quality and lower production costs; strengthen R&D to develop high-value-added new products; expand domestic and international markets to build a diversified customer base[98](index=98&type=chunk) - Risk: Fluctuations in major raw material prices may affect the company's gross profit margin[99](index=99&type=chunk) - Response: Establish long-term stable cooperative relationships with key suppliers, build a strategic procurement system to enhance bargaining power, and reduce raw material cost proportion through technological innovation and process improvement[99](index=99&type=chunk) - Risk: Construction projects require substantial capital, and failure to secure timely funding may adversely affect future production, operations, and profitability[99](index=99&type=chunk) - Response: Utilize diversified financing methods such as equity financing and bank loans, and strengthen cooperation with financial institutions to ensure funding for project construction[99](index=99&type=chunk) - Risk: Loss of technical secrets and key personnel may adversely affect the company's production and operations[99](index=99&type=chunk) - Response: Implement equity incentives for core employees to align company and employee interests; intensify efforts to attract and cultivate key technical talent[100](index=100&type=chunk) - Risk: Technological advancements and product substitution, such as breakthroughs in emerging battery technologies like all-solid-state batteries, may impact market demand for lithium battery separators[100](index=100&type=chunk) - Response: Maintain continuous R&D investment and technological accumulation, monitor market trends, actively develop new functional film products and technologies, and strengthen strategic cooperation with leading domestic and international lithium battery manufacturers[101](index=101&type=chunk) - Risk: Exchange rate fluctuations may impact the company's operating performance[101](index=101&type=chunk) - Response: Closely monitor exchange rates, adjust product prices promptly, strengthen cost control, and appropriately engage in foreign exchange derivative transactions for hedging purposes[101](index=101&type=chunk) - Risk: Changes in the international operating and trade environment may adversely affect the company's market share and performance[101](index=101&type=chunk) - Response: Closely monitor policies in Europe and America, continuously focus on product R&D and technological improvement, intensify domestic and international market expansion, and advance global capacity layout[102](index=102&type=chunk) - Risk: Management challenges arising from expanding business scale require higher management capabilities[103](index=103&type=chunk) - Response: Continuously improve the management system, establish an effective incentive mechanism, attract and cultivate talent, and strengthen training for employees and managers at all levels[103](index=103&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=28&type=section&id=%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has established a Market Value Management System to achieve dynamic balance between market value and intrinsic value through strategic development, improved governance, and capital market tools, but did not disclose a valuation enhancement plan - The company has established a 'Market Value Management System' to achieve dynamic balance between market value and intrinsic value through sound development strategies, improved corporate governance, enhanced operational management, fostered core competitiveness, and capital market tools[104](index=104&type=chunk) - The company will leverage M&A, equity incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, and other legal and compliant methods to enhance its investment value[104](index=104&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[104](index=104&type=chunk) ["Dual Enhancement of Quality and Returns" Action Plan Implementation Status](index=28&type=section&id=%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company actively implements its "Dual Enhancement of Quality and Returns" action plan, focusing on core business, innovation, competitive advantage, global expansion, governance, investor returns, and information disclosure - The company has formulated and actively implemented the 'Dual Enhancement of Quality and Returns' action plan, focusing on core business, innovation-driven development, strengthening competitive advantages, global expansion, solidifying governance, prioritizing investor returns, and improving information disclosure[105](index=105&type=chunk) - During the reporting period, the company's lithium battery separator products maintained a leading market share, with significant year-over-year growth in sales volume and operating revenue, and substantial growth in overseas business revenue[106](index=106&type=chunk) - The company continuously engages in new product R&D, launching several separator products with superior performance and enhanced safety[106](index=106&type=chunk) - The company strengthened communication with investors through various channels to proactively convey its long-term investment value and address investor expectations and suggestions[106](index=106&type=chunk) [Part IV Corporate Governance, Environment, and Society](index=29&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details changes in the company's governance structure, including personnel adjustments, and outlines its environmental and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=29&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, Yu Xue resigned as Board Secretary but remained Deputy General Manager, with Bai Yunfei appointed as the new Board Secretary, and Li Jian resigned as CFO, with Li Xianglin appointed as the new CFO Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Yu Xue | Board Secretary, Deputy General Manager | Dismissal | May 13, 2025 | Resigned as Board Secretary due to work adjustment, but remains Deputy General Manager | | Bai Yunfei | Board Secretary | Appointment | May 13, 2025 | Work transfer | | Li Jian | Chief Financial Officer | Dismissal | April 28, 2025 | Personal reasons | | Li Xianglin | Chief Financial Officer | Appointment | April 28, 2025 | Work transfer | [Profit Distribution and Capital Reserve to Share Capital Conversion in Current Reporting Period](index=29&type=section&id=%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[109](index=109&type=chunk) [Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=29&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **China Industrials** sector, focusing on various companies within the electric components and battery supply chain industries. Core Insights and Arguments 1. **Company Ratings and Market Performance**: - **Hongfa (600885.SS)**: Rated as "Buy" with a market cap of 37.807 billion RMB, current share price at 25.90 RMB, and a price target of 36.50 RMB indicating a potential upside of 41% [3][5] - **Putailai (603659.SS)**: Also rated "Buy", market cap of 38.591 billion RMB, current share price at 18.05 RMB, with a price target of 24.00 RMB, suggesting a 33% upside [3][6] - **Yunnan Energy (002812.SZ)**: Rated "Neutral", market cap of 28.307 billion RMB, current share price at 31.72 RMB, with a price target of 33.00 RMB, indicating only a 4% upside [3][6] 2. **Profitability Metrics**: - **Hongfa**: Projected net profit for 2025E is 1,921 million RMB, with a consensus of 1,893 million RMB, showing a 1% difference [3] - **Putailai**: Expected net profit for 2025E is 2,420 million RMB, with a consensus of 2,431 million RMB, indicating a 0% difference [3] - **CSSC (600150.SS)**: Projected net profit for 2025E is 7,305 million RMB, with a consensus of 7,173 million RMB, showing a 2% difference [3][7] 3. **Valuation Metrics**: - **P/BV Ratios**: Hongfa has a P/BV of 3.3x for 2025E, while CSSC has a P/BV of 3.0x, indicating relative valuation differences within the sector [3][5] - **ROE**: Hongfa's ROE is projected at 18% for 2025E, while CSSC's is at 14% [3][7] 4. **Comparative Analysis**: - The report includes a comparative analysis of various companies in the electric components and battery supply chain sectors, highlighting differences in P/E ratios, market caps, and growth projections [5][6][7]. 5. **Market Trends**: - The battery supply chain is experiencing limited pricing opportunities, with production schedules closely correlated with battery index performance [8][9]. Other Important but Potentially Overlooked Content - The report emphasizes the importance of understanding the macroeconomic environment and its impact on the industrial sector, particularly in the context of supply chain dynamics and pricing pressures [8][9]. - Analysts from UBS Securities Asia Limited are involved in the research, indicating a potential conflict of interest due to business relationships with covered companies [4]. This summary encapsulates the key points discussed in the conference call, providing insights into the performance and outlook of companies within the China Industrials sector.

Core Viewpoint - Globalization is no longer a choice for companies but a consensus for industrial development and the ultimate direction, especially in the current highly competitive environment [2]. Group 1: Globalization Progress in China's Lithium Battery Industry - The 24潮产业研究院 (TTIR) analyzed 13 leading companies in China's lithium battery industry, showing that their total overseas revenue increased from 39.156 billion yuan in 2020 to 228.740 billion yuan in 2024, a growth of 484.18% [3][5]. - However, in 2024, the overseas revenue of these companies decreased by 7.14% year-on-year, and the proportion of overseas revenue to total revenue only increased by 6.48 percentage points over five years [5]. Group 2: Company-Specific Performance - Companies like 阳光电源, 中伟股份, 恩捷股份, and 科达利 have shown strong growth in overseas revenue from 2020 to 2024, with 中伟股份 maintaining over 30% growth for four consecutive years [5]. - Conversely, companies such as 天齐锂业, 贝特瑞, 格林美, 宁德时代, and 华友钴业 experienced negative growth in 2024, with 天齐锂业 facing the most significant decline of 81.13% [5][7]. Group 3: Investment and Capacity Planning - As of now, major companies like 宁德时代, 华友钴业, and others have planned or established significant overseas operations, with total investment budgets nearing 370 billion yuan [9]. - 宁德时代 is leading in overseas investment, planning to build five factories with a total investment budget of approximately 178.948 billion yuan [9]. Group 4: Challenges in Globalization - The globalization process is facing challenges, including project delays and terminations due to changing market conditions and legal disputes, as seen with 国轩高科 and other companies [10][12]. - The global lithium battery industry is experiencing a downturn, affecting the globalization efforts of Chinese companies, with many projects being postponed or canceled [12][13]. Group 5: Future Outlook - The future of globalization in the lithium battery sector is uncertain, with potential for more projects to be delayed or terminated due to ongoing global economic and policy fluctuations [14][15]. - Companies must balance their investment strategies with the need for financial health to survive in a competitive landscape [15].

Core Viewpoint - The article highlights the rapid advancements and developments in the solid-state battery sector by various listed companies, indicating a strong push towards commercialization and increased energy density in battery technology [2][3][4][5]. Group 1: Company Developments - Penghui Energy has improved the energy density of its solid-state batteries from 280Wh/kg to 320Wh/kg and is on track to complete its pilot production line by September 2025, targeting applications in electric vehicles and consumer electronics [2]. - Guoxuan High-Tech has achieved a 90% yield rate for its solid-state battery pilot line and is designing a 2GWh production line, with energy density reaching 350Wh/kg and a range of 1000 kilometers on a single charge [2]. - Del Technology has established a sample production line in Shanghai and aims to develop a third-generation solid-state battery with an energy density exceeding 400Wh/kg [3]. - Enjie Co. is focusing on high-purity lithium sulfide and solid electrolyte materials, with pilot lines established but no significant revenue generated yet [4]. - Taihe Technology is in the pilot stage for several solid-state battery projects, including lithium sulfide and solid electrolytes [4]. - Daoshih Technology has formed a strategic partnership with Zhuhai Guanyu to collaborate on lithium-ion and solid-state battery materials, enhancing production capabilities [4]. Group 2: Industry Trends and Market Outlook - The solid-state battery industry is expected to see significant advancements, with pilot lines launching in 2025-2026 and small-scale production by 2027, followed by broader applications in high-value sectors by 2030 [5]. - The market for solid-state batteries is projected to grow from approximately 7GWh in 2024 to over 65GWh by 2030, driven by the conclusion of key projects and increasing demand [5]. - The shift towards sulfide-based solid electrolytes is noted as a major trend in material development for solid-state batteries, moving away from earlier diverse approaches [5].

证券代码：002812 股票简称：恩捷股份 公告编号：2025-128 交流。 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料股份有限公司（以下简称"公司"）将于 2025 年 8 月 19 日 （星期二）15:30-16:30 在全景网"投资者关系互动平台"（http://ir.p5w.net）以网 络文字互动的方式召开 2025 年半年度业绩说明会，公司将在本次说明会上对投 资者普遍关注的问题在信息披露允许的范围内进行回答。 一、会议召开时间和方式 字互动 二、会议出席人员 公司董事长 Paul Xiaoming Lee 先生、副董事长兼总经理李晓华先生、副总 经理禹雪女士、董事会秘书白云飞先生、财务总监李湘林先生、独立董事张菁女 士。 三、投资者参与方式 债券代码：128095 债券简称：恩捷转债 云南恩捷新材料股份有限公司 证券代码：002812 股票简称：恩捷股份 公告编号：2025-128 债券代码：128095 债券简称：恩捷转债 四、投资者问题征集及方式 为充分尊重投资者、提升公司与投资者之间的交流效率及针对性，现就公司 和建议，提问通 ...

证券日报网讯8月13日晚间，恩捷股份（002812）发布公告称，公司将于2025年8月19日15：30—16：30 召开2025年半年度业绩说明会。 ...

债券代码：128095 债券简称：恩捷转债 证券代码：002812 股票简称：恩捷股份 公告编号：2025-128 云南恩捷新材料股份有限公司 关于召开2025年半年度业绩说明会的公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料股份有限公司（以下简称"公司"）将于 2025 年 8 月 19 日 （星期二）15:30-16:30 在全景网"投资者关系互动平台"（http://ir.p5w.net）以网 络文字互动的方式召开 2025 年半年度业绩说明会，公司将在本次说明会上对投 资者普遍关注的问题在信息披露允许的范围内进行回答。 一、会议召开时间和方式 1、会议召开时间：2025 年 8 月 19 日（星期二）15:30-16:30 1、点击网络直播链接 http://ir.p5w.net 参与本次业绩说明会； 2、扫描以下二维码，进入"恩捷股份 2025 年半年度业绩说明会"界面参与 交流。 证券代码：002812 股票简称：恩捷股份 公告编号：2025-128 债券代码：128095 债券简称：恩捷转债 四、投资者问题征集及方式 2、会议召开方 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问硫化锂产量生产线的增产、扩展建设周期一般要 多久？生产难度大不大、技术壁垒高不高？ 恩捷股份（002812.SZ）8月13日在投资者互动平台表示，公司目前硫化锂的百吨级产线已经搭建完成， 正在产能爬坡中，相关产线的扩产会根据下游需求合理安排，公司会密切关注下游需求变化情况，以合 理布局产能，满足客户需要。在技术和生产方面，公司会依托材料龙头优势、人才优势、技术优势和创 新机制，持续保持技术创新和产业化优势。 ...