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：2025-138 云南恩捷新材料股份有限公司 关于召开2025年第七次临时股东会的通知 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"）第五届董事会第四十六次 会议于2025年8月18日召开，会议决议于2025年9月4日在公司全资子公司云南红 塔塑胶有限公司三楼会议室以现场投票和网络投票相结合的方式召开公司2025 年第七次临时股东会，现将本次股东会的有关事项公告如下： 一、召开会议的基本情况 1、股东会届次：公司2025年第七次临时股东会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：本次股东会会议的召集、召开符合相关法律、 行政法规、部门规章、规范性文件和《云南恩捷新材料股份有限公司章程》的规 定。 4、会议召开日期、时间： （1）现场会议召开时间：2025年9月4日（星期四）下午14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为2025年9月4日（星期四）上午9:15-9:25 ...

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（以下简称"公司"）已于 2025 年 8 月 8 日以 电子邮件等方式向公司全体监事发出了关于召开第五届监事会第三十八次会议 的通知（以下简称"本次会议"）。本次会议于 2025 年 8 月 18 日下午 14 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召开。应出席本次会议的 监事三名，实际出席监事三名，由监事会主席张涛先生主持。本次会议的召集和 召开符合《中华人民共和国公司法》（以下简称"《公司法》"）和《云南恩捷新 材料股份有限公司章程》（以下简称"《公司章程》"）的规定。 二、监事会会议审议情况 经全体与会监事认真审议，作出决议如下： （一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》 经审核，监事会认为：董事会编制和审核公司《2025 年半年度报告》及其 摘要的程序符合法律、行政法规和中国证券监督管理委员会的规定，报告内容真 实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或 者重大遗漏。 证券代码：002812 股票简称：恩捷股份 公告编号：2025-139 云南恩捷新材料股份有 ...

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。 ...

云南恩捷新材料股份有限公司 2025 年半年度报告全文 | 证券简称：恩捷股份 | 证券代码：002812 | 公告编号：2025-130 | | --- | --- | --- | | 债券简称：恩捷转债 | 债券代码：128095 | | 云南恩捷新材料股份有限公司 2025 年半年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人 Paul Xiaoming Lee、主管会计工作负责人李湘林及会计机构 负责人(会计主管人员)邓金焕声明：保证本半年度报告中财务报告的真实、 准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来发展规划等前瞻性陈述不构成公司对投资者的实质承 诺，敬请广大投资者理性投资，注意风险。 具体请见本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应 对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2025 年 8 月 1 云南恩捷新材料股份有限公司 2025 年半年度报告全文 2 ...

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。 ...