Core Viewpoint - Keda Li announced on October 29 that its current capacity utilization rate has exceeded 70%, indicating strong operational performance and demand for its products [2] Group 1 - The company is actively aligning its production expansion with customer needs to ensure timely delivery and enhance customer experience [2] - Keda Li plans to continue increasing equipment investment to support its growth strategy [2]

Core Viewpoint - Company expresses optimism about long-term growth prospects in overseas markets, despite current small market size and the need for time to ramp up customer volume [2] Group 1: Overseas Market Development - Company acknowledges that the overseas market is currently small and requires time for customer volume to increase [2] - Company is proceeding with overseas projects according to established schedules, indicating a steady progress towards revenue growth [2] Group 2: Project Updates - The latest project developments include the equipment for the Hungary Phase III project being in the shipping and installation stage [2] - Preparatory work is ongoing for projects in the United States and Thailand [2] Group 3: Capacity and Localization - Company plans to further release production capacity based on customer demand to meet local needs [2]

Core Viewpoint - The company is focusing its strategy on the humanoid robot sector and is expanding its product offerings to build a diversified product matrix [2] Group 1: Company Strategy - The company is actively engaging with multiple high-quality domestic and international clients to accelerate the implementation of its robotics business [2] - The goal is to provide products and services in the robotics field that match the quality of its battery structural components business [2] - The company aims to become a significant core supplier in the robotics sector [2]

Core Viewpoint - The company, Keda Li, announced on October 29 that its lithium battery structural components are currently being exported normally [2] Group 1 - Keda Li has confirmed that its lithium battery structural components are actively being exported [2]

Group 1 - Solid-state battery technology is experiencing significant advancements, with Fangda Carbon New Material Co. announcing the successful production of oxide solid electrolytes and maintaining technical collaboration with industry leader CATL [3] - The Battery ETF (561910) has seen a substantial increase, rising by 3.18% with a trading volume exceeding 400 million, and has attracted a total of 1.967 billion in the last 20 trading days [1][4] - Major companies in the battery sector, such as Aters, Sungrow Power, and Penghui Energy, have reported significant stock price increases, indicating strong market interest [2][3] Group 2 - Sungrow Power's third-quarter report shows impressive financial performance, with revenue of 66.4 billion, a year-on-year increase of 33%, and a net profit of 11.88 billion, up 56.3% [3] - Recent macroeconomic planning emphasizes technology innovation as a driver for industrial upgrades, benefiting sectors like artificial intelligence, integrated circuits, and new energy [3] - The Battery ETF tracks the CS Battery Index, with approximately 40% weight in solid-state batteries and 60% in energy storage, providing comprehensive exposure to the industry [4]

Group 1 - The core point of the article is that Keda Li (SZ 002850) announced an investor meeting scheduled for October 28, 2025, where the company's president, Li Jianju, will participate and address investor inquiries [1] - For the first half of 2025, Keda Li's revenue composition shows that the metal structure manufacturing industry accounts for 99.87% of total revenue, while other businesses contribute only 0.13% [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

Group 1 - Keda Li's stock price increased by 5.01% to 185.72 CNY per share, with a trading volume of 707 million CNY and a turnover rate of 1.99%, resulting in a total market capitalization of 50.845 billion CNY [1] - Keda Li, established on September 20, 1996, and listed on March 2, 2017, specializes in the research and manufacturing of precision structural components, with lithium battery structural components accounting for 96.52% of its main business revenue [1] - The company is located in Shenzhen Bay Technology Eco-Park, Nanshan District, Shenzhen, Guangdong Province [1] Group 2 - Pengyang Fund holds Keda Li as its fourth-largest position in the Pengyang CSI 500 Quality Growth ETF (560500), with 56,900 shares, representing 2.12% of the fund's net value [2] - The Pengyang CSI 500 Quality Growth ETF has a total scale of 526 million CNY and has achieved a year-to-date return of 31.17%, ranking 1679 out of 4216 in its category [2] - The fund manager, Shi Hongjun, has been in position for 6 years and has achieved a best fund return of 109.28% during his tenure [3]

2025年10月29日，科达利(002850.SZ)发布2025年第三季报。截至2025年10月28日，共有197个机构投资 者披露持有科达利A股股份，合计持股量达5688.64万股，占科达利总股本的20.78%。其中，前十大机 构投资者包括香港中央结算有限公司、招商银行股份有限公司-泉果旭源三年持有期混合型证券投资基 金、瑞众人寿保险有限责任公司-自有资金、中国建设银行股份有限公司-华夏能源革新股票型证券投资 基金、中国农业银行股份有限公司-中证500交易型开放式指数证券投资基金、中国工商银行股份有限公 司-农银汇理新能源主题灵活配置混合型证券投资基金、中国工商银行股份有限公司-广发国证新能源车 电池交易型开放式指数证券投资基金、中国邮政储蓄银行股份有限公司-东方新能源汽车主题混合型证 券投资基金、嘉实新能源新材料股票A、国投瑞银新能源混合A，前十大机构投资者合计持股比例达 11.71%。相较于上一季度，前十大机构持股比例合计下跌了2.84个百分点。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.41%。 公募基金方面，本期较上一期持股增加的公募基金共计6 ...

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 11.85 billion, representing a year-on-year growth of 16.55% [2] - For Q3 2025, the revenue was 39.59 billion, showing a year-on-year increase of 25.81% and a quarter-on-quarter growth of 9.26% [2][3] Production Capacity and Plans - The current production capacity utilization rate exceeds 70%, with plans to increase equipment investment to meet customer demands [2][3] - The production schedule for Q4 and Q1 of the following year will be adjusted based on customer needs, with preparations ongoing [4] Product Supply and Market Trends - Revenue from AI glasses structural components is currently small but expected to grow significantly in the future [5] - The trend towards large battery cells has limited the application of steel shells, with aluminum shells remaining predominant [6] International Expansion - The overseas market is currently small, but the company is optimistic about long-term growth, with ongoing projects in Hungary, the USA, and Thailand [7] - The European factory complies with local low-carbon certification requirements [8] Tax and Financial Adjustments - The increase in Q3 tax expenses was due to tax payments made by the company and its subsidiaries [9] Future Outlook - The company anticipates strong growth potential driven by the accelerated release of energy storage product lines [9]

2025年10月29日，科达利(002850.SZ)发布2025年三季报。 公司最新毛利率为23.16%，较去年同期毛利率减少0.03个百分点。最新ROE为9.33%。 公司摊薄每股收益为4.34元。 公司最新总资产周转率为0.52次。最新存货周转率为9.97次。 公司股东户数为2.14万户，前十大股东持股数量为1.32亿股，占总股本比例为48.14%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 励建立 | 28.2 | | 2 | 励建炬 | 9.12 | | 3 | 香港中央结算有限公司 | 2.84 | | 4 | 招商银行股份有限公司-泉果旭源三年持有期混合型证券投资基金 | 2.44 | | 5 | 瑞众人寿保险有限责任公司-自有资金 | 1.23 | | 6 | 中国建设银行股份有限公司-华夏能源革新股票型证券投资基金 | 1.11 | | 7 | 中国农业银行股份有限公司-中证500交易型开放式指数证券投资基金 | 1.02 | | 8 | 中国工商银行股份有限公司-农银汇理新能源主题灵活配置混合型证券投资基金 | 0.91 ...