登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002812股票简称：恩捷股份公告编号：2025-197 云南恩捷新材料股份有限公司 关于筹划发行股份购买资产并募集配套资金事项的停牌进展公告 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"）正在筹划通过发行股份等方式购买资产并募集配套资 金事项，因有关事项尚存不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响，经向深 圳证券交易所申请，公司股票（证券简称：恩捷股份，证券代码：002812）自2025年12月1日开市时起 开始停牌，预计停牌时间不超过10个交易日。具体内容详见公司于2025年12月1日在指定信息披露媒体 《证券时报》《证券日报》《上海证券报》《中国证券报》和巨潮资讯网（www.cninfo.com.cn）刊登 的《关于筹划发行股份购买资产并募集配套资金事项的停牌公告》（公告编号：2025-196号）。 截至本公告披露之日，公司及有关各方正在积极推进本次交易的各项工作，相关各方正在就交易方案进 行协商、论证和确认。为了维护投资者利益，避免公司 ...

格隆汇12月4日｜恩捷股份公告，公司正在筹划通过发行股份等方式购买资产并募集配套资金事项，因 有关事项尚存不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响，经向深圳证券交易 所申请，公司股票自2025年12月1日开市时起开始停牌，预计停牌时间不超过10个交易日。截至本公告 披露之日，公司及有关各方正在积极推进本次交易的各项工作，相关各方正在就交易方案进行协商、论 证和确认。为了维护投资者利益，避免公司证券交易价格出现异常波动，根据深圳证券交易所的相关规 定，公司股票继续停牌。 ...

证券代码：002812 股票简称：恩捷股份 公告编号：2025-197 云南恩捷新材料股份有限公司 截至本公告披露之日，公司及有关各方正在积极推进本次交易的各项工作， 相关各方正在就交易方案进行协商、论证和确认。为了维护投资者利益，避免公 司证券交易价格出现异常波动，根据深圳证券交易所的相关规定，公司股票继续 停牌。 停牌期间，公司将根据本次交易相关事项的进展情况及时履行信息披露义务。 公司将严格按照法律法规、规范性文件的有关规定积极推进本次交易筹划事项的 各项工作，履行必要的审议程序，及时向深圳证券交易所提交和披露符合相关规 定的文件并申请股票复牌。公司所有信息均以在指定信息披露媒体披露的内容为 准。因本次交易最终能否实施尚存在较大不确定性，敬请广大投资者注意投资风 险。 特此公告。 云南恩捷新材料股份有限公司董事会 二零二五年十二月四日 关于筹划发行股份购买资产并募集配套资金事项的停牌进展公告 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"）正在筹划通过发行股份等 方式购买资产并募集配套资金事项，因有关事项尚存不确定性 ...

Core Viewpoint - Enjie Co., Ltd. is planning to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. and raise matching funds, indicating a strategic move to extend its upstream supply chain capabilities [2][5][6] Company Summary - Enjie Co., Ltd. is a leading manufacturer of lithium battery separators, holding the largest market share globally and excelling in production scale, cost control, and market expansion [5] - The company has established itself in the supply chains of renowned lithium battery manufacturers such as LGES, Panasonic, and CATL [5] Acquisition Details - The acquisition of Zhongke Hualian is aimed at enhancing industrial synergy and is currently in negotiation with all shareholders of Zhongke Hualian [6] - An intention agreement for the acquisition has been signed with the main counterparties [6] Financial Performance - In Q3 2025, Enjie Co., Ltd. reported revenue of 3.78 billion yuan, a quarter-on-quarter increase of 24.59%, and a net profit of 6.79 million yuan, marking a return to profitability [5] - The gross margin for the quarter was 16.46%, reflecting a quarter-on-quarter improvement of 2.37 percentage points [5] Market Conditions - The separator industry is facing intensified competition and overall profitability pressure [5] - Enjie Co., Ltd. is actively expanding its overseas market presence while consolidating its domestic market share [5] - The company anticipates a gradual recovery in separator product prices due to reduced new capacity additions in the industry compared to the previous year [6] - Demand for energy storage batteries remains strong, and the overall demand for downstream applications is expected to continue growing, leading to a potential balance in supply and demand [6]

Core Viewpoint - Enjie Co., a leading lithium battery separator manufacturer, is making a strategic acquisition of Qingdao Zhongke Hualian New Materials Co., a wet-process separator equipment supplier, amidst industry challenges and its own financial losses [1][3]. Group 1: Financial Performance and Market Conditions - Enjie Co. reported a revenue increase of 27.85% year-on-year to 9.543 billion yuan for Q3 2025, but faced a net loss of 86 million yuan, a 119.5% decline compared to the previous year [1]. - The average price of mainstream wet-process 7μm separators fell to 0.74 yuan/square meter in the first half of 2025, a 25% year-on-year decrease, indicating intense price competition in the industry [1]. - Enjie Co.'s net profit margin was only 0.95%, significantly lower than competitors like Cangzhou Mingzhu (8.34%) and Zhongcai Technology (6.58%) [2]. Group 2: Strategic Acquisition and Industry Integration - The acquisition of Zhongke Hualian represents a vertical integration strategy, allowing Enjie Co. to combine separator manufacturing with equipment supply, enhancing operational synergy [3]. - Zhongke Hualian has established production bases with a total capacity of approximately 2 billion square meters, with additional facilities under construction that could bring total capacity to 5 billion square meters [4]. - This acquisition will enable Enjie Co. to reduce equipment procurement costs, optimize production processes, and gain significant market share in the lithium battery separator industry [5]. Group 3: Future Outlook and Market Positioning - Enjie Co. believes the industry is at a critical turning point from oversupply to supply-demand balance, with new capacity additions expected to be lower than the previous year [6][7]. - The company is experiencing a stable increase in demand and order volume, indicating a recovery in the market [7]. - Enjie Co. is also expanding its global footprint with projects in Hungary and the U.S., and is preparing for next-generation battery technologies, positioning itself to navigate the industry's downturn [7][8].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业公告 锂电隔膜龙头恩捷股份日前晚间公告称， 公司拟以发行股份等方式，购买青岛中科华联新材料股份有 限公司（简称"中科华联"）100%股权并募集配套资金。公司股票自12月1日开市时起停牌。 中科华联 成立于2011年11月11日，主营业务包括 湿法PE隔膜、BOPET、PI隔膜、质子交换膜、高 强纤维等新材料整套生产装备的研发、生产和销售，提供整条自动化生产线解决方案，涵盖后续的设备 安装、调试、技术培训及售后维护、技术指导等全方位服务。 本次交易事项尚处于筹划阶段， 初步确定的交易对方为中科华联的全部股东。 公司与本次交易的部分 主要交易对方已签署了《关于收购青岛中科华联新材料股份有限公司股份之意向协议》，初步达成购买 资产的意向。 恩捷股份 预计在不超过10个交易日的时间内披露本次交易方案，即在12月15日前按照《公开发行证 券的公司信息披露内容与格式准则第26号——上市公司重大资产重组》的要求披露相关信息。若公司 未能在上述期限内召开董事会审议并披露交易方案，公司股票最晚将于12月15日开市起复牌并终 ...

Core Viewpoint - Enjie Co., Ltd. is planning to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. and raise supporting funds, indicating a strategic move to extend its upstream presence in the lithium battery separator industry [1] Company Summary - Enjie Co., Ltd. is a leading company in the lithium battery separator sector and is currently in discussions with shareholders of Zhongke Hualian [1] - The company reported a strong order backlog and high capacity utilization, with stable growth in downstream customer demand and orders [1] - Enjie anticipates a further increase in shipment volume by 2025, driven by robust demand in the energy storage sector [1] Industry Summary - The separator product price is expected to gradually recover positively in the future [1] - On the supply side, new capacity additions in the industry this year are lower than last year, indicating an improvement in supply conditions [1] - The separator industry faces challenges with long expansion cycles and heavy asset investments, making capacity expansion difficult and less motivated [1] - Overall, the downstream demand is on an upward trend [1]

【DT新材料】 获悉 ，12月2日，一份调价通知书在锂电行业引发关注。调价通知书显示，某隔膜行业一梯队企业宣布对其湿法隔膜产品售价进行调整，上调幅度 湿法隔膜行业一梯队和二梯队的湿法隔膜厂商产能利用率均保持满产状态，湿法隔膜行业整体产能利用率已经达到90%以上水平， 原因是一方面受到四季度终端 需求旺盛的影响，另外在持续涨价的背景下，下游厂商也适当进行原料备货以应对明年的需求。同时，2026年下游电池厂有望进一步"干法转湿法"，进一步拉动 湿法隔膜的需求，随着年底上下游针对2026年的供应进行年底商议，"大概率将会出现电池厂的大额保供订单"。 从目前的供求关系来看， 2025年第三季度的隔膜价格是确定性的底部，涨价是大势所趋 。未来隔膜产品价格将有望回归合理区间，行业利润得到修复。明年隔 膜提价的动力仍然是供需结构反转，新增扩产上量放缓，行业格局进一步优化。 锂电隔膜龙头企业 恩捷股份 11月20日接待易方达基金等调研时展望， 从供给端看，今年行业新增产能低于去年，在今年能够形成的有效产能也减少，供给存在 改善，扩产意愿上，隔膜行业的扩产周期较长，且资产投入重，当下的利润水平下，回收周期过长，行业扩产难度不低 ...

作为全球锂电隔膜市场占有率第一的企业，恩捷股份此次收购是其产业链上游延伸的关键战略举措。通 过整合中科华联在湿法隔膜设备领域的技术积累与产业资源，恩捷股份将进一步完善新能源材料产业链 布局，强化在新能源材料装备领域的核心竞争力，同时发挥设备研发与隔膜生产的协同效应，提升生产 效率与技术迭代能力。 目前，恩捷股份的客户群体已覆盖宁德时代、LGES等国内外头部电池厂商，此次产业链向上延伸有望 进一步巩固其在全球锂电材料市场的领先地位。 11月30日晚间，锂电隔膜行业龙头恩捷股份披露重大资产重组预案，公司计划通过发行股份及募集配套 资金相结合的方式，收购青岛中科华联新材料股份有限公司100%股权，目前已与标的公司全部股东签 署意向协议。 据悉，中科华联成立于2011年，是湿法锂电池隔膜成套设备领域的核心企业，专注于全流程自动化生产 线的研发、生产与销售，同时覆盖设备安装、调试及售后全链条服务，为锂电池隔膜生产企业提供一体 化解决方案。 ...

Core Viewpoint - Enjie Co., Ltd. is planning a significant acquisition to enhance its market competitiveness by purchasing 100% of Qingdao Zhongke Hualian New Materials Co., Ltd. and raising matching funds [1][4] Group 1: Acquisition Details - The acquisition aims to integrate upstream production equipment for lithium-ion battery separators, which may strengthen Enjie's supply chain security and cost control capabilities [6][4] - Zhongke Hualian specializes in the research, production, and sales of wet-process lithium-ion battery separator production equipment, which aligns with Enjie's core business [1][4] - The acquisition is seen as a strategic move to solidify Enjie's competitive edge in the lithium battery separator market [6][4] Group 2: Financial Performance - Enjie reported a loss of 5.56 billion yuan in 2024 and a further loss of 860 million yuan in the first three quarters of 2025, indicating ongoing financial pressure [1][8] - The company's revenue for 2023 was 120.42 billion yuan, a decrease of 4.36% year-on-year, with a net profit decline of 36.84% [8][10] - As of September 2025, Enjie had interest-bearing liabilities of 156 billion yuan, which is 6.37 times its cash reserves [2][10] Group 3: Market Position and Stock Performance - Enjie has maintained its position as the leading player in the lithium battery separator industry for seven consecutive years, with products supplied to major battery manufacturers like CATL and BYD [1][6] - Despite financial challenges, Enjie's stock price has seen significant fluctuations, rising from 25.87 yuan per share in June 2025 to 66.36 yuan by November 20, 2025 [10][11] - The market anticipates that the acquisition will optimize Enjie's supply chain and improve profitability, although uncertainties remain regarding the successful execution of these plans [11][12]