创业板向不特定对象发行可转换公司债券 网上发行中签率及优先配售结果公告 证券代码：300014 证券简称：亿纬锂能 公告编号：2025-030 惠州亿纬锂能股份有限公司 保荐人（主承销商）：中信证券股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示 惠州亿纬锂能股份有限公司（以下简称"亿纬锂能"、"发行人"、"公司" 或"本公司"）和中信证券股份有限公司（以下简称"中信证券"、"保荐人（主 承销商）"或"主承销商"）根据《中华人民共和国证券法》《证券发行与承销 管理办法》（证监会令〔第 208 号〕）《上市公司证券发行注册管理办法》（证 监会令〔第 206 号〕）《深圳证券交易所上市公司证券发行与承销业务实施细则》 （深证上〔2023〕101 号）《深圳证券交易所上市公司自律监管指引第 15 号— —可转换公司债券》（深证上〔2022〕731 号）和《深圳证券交易所创业板上市 公司自律监管指南第 1 号——业务办理（2024 年修订）》（深证上〔2024〕398 号）等相关规定组织实施向不特定对象发行可转换公司债券（以下简称"可转债" 或"亿纬 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the performance of the **electric power equipment industry** in the first quarter of 2025, highlighting strong growth driven by increased investments from the State Grid and the successful implementation of several ultra-high voltage (UHV) projects [2][26]. Key Insights and Arguments Wind Power Industry - The wind power supply chain showed ideal performance in Q1 2025, with significant improvements in the production of components and main units. Companies like Jinglei and Riyue are expected to double their performance, while Daqing Heavy Industry also reported substantial improvements [3][4]. - Offshore wind projects are gaining traction, with major contracts awarded to companies like Dajin Heavy Industry in Europe, while domestic projects are concentrated in Guangdong, Shandong, Zhejiang, and Jiangsu [4]. Lithium Battery Sector - After two years of decline, the lithium battery sector is witnessing a turnaround in profitability in Q1 2025. Leading companies such as CATL and Yiwei Lithium Energy reported strong earnings, with a year-on-year volume growth of 20%-30% [5]. - CATL is expected to achieve approximately 14 billion yuan in performance, while Yiwei Lithium Energy anticipates a 30% year-on-year growth in operational metrics [5]. Photovoltaic Sector - The photovoltaic sector faced overall pressure in Q1 2025, although some companies like Canadian Solar and East Hope performed well. Canadian Solar benefited from its U.S. component and energy storage business, while East Hope gained from increased battery contributions from Indonesia [6][22][23]. - Domestic distribution component prices rose to 0.75 yuan per watt, but concerns about demand and price declines in the second half of the year persist [6][21]. Energy Storage Sector - The energy storage sector performed exceptionally well in Q1 2025, particularly in large-scale storage. Companies like Sungrow, Dewei, and Shangen Electric are expected to see significant growth, with Sungrow projecting revenues of 2.4-2.5 billion yuan [7][15][16]. - The demand for energy storage PCS (Power Conversion System) surged, with a year-on-year increase in bidding exceeding 150% in January and February [16]. Electric Power Equipment Industry - The electric power equipment industry experienced a strong start in Q1 2025, with investment in grid projects exceeding 40 billion yuan, reflecting a year-on-year increase of over 30% [26]. - The tendering amount for transmission and transformation equipment from the State Grid exceeded 15 billion yuan, with a growth rate of over 20% [27]. - The demand for high-voltage equipment is particularly strong, benefiting leading companies like Pinggao, XJ Electric, and Western Electric [28]. Export Trends - The export of electric transformers continued to grow, maintaining a trend of over 40% year-on-year growth in January and February 2025 [29]. - The demand for AIDC (Artificial Intelligence Data Center) supporting electrical equipment is rapidly increasing, with major companies receiving large-scale orders [30]. Other Important Insights - The performance of leading companies in the battery material segment, particularly in positive and negative electrode materials, showed a year-on-year growth of approximately 40% [10]. - The impact of rising petroleum coke prices on Q1 performance was minimal, as the costs were largely absorbed by battery manufacturers [11]. - The photovoltaic industry is experiencing a mixed performance, with many companies still in a loss-making state, but some are beginning to recover due to price adjustments and demand fluctuations [22][23]. This summary encapsulates the key points discussed in the conference call, providing a comprehensive overview of the electric power equipment industry and its related sectors in Q1 2025.

贸易壁垒难阻中国锂电企业发展 美国国会众议院日前通过编号H.R.1166的《与依赖外国对手电池脱钩法》，禁止国土安 全部从六家中国公司购买电池，包括宁德时代、比亚迪、远景能源、亿纬锂能、海辰储能以 及国轩高科。这是继2024年初被纳入美国国防部采购限制名单后，上述企业再度遭遇美国政 府部门采购禁令。 中国锂电产品实力加重美焦虑 中国外交部发言人曾多次表示，中方一贯反对泛化"国家安全"概念，将经贸和科技问题 政治化，中方也将坚定维护中国企业的合法权益。 美本土产业链根基薄弱 "此类针对性政策试图打击中国优势新能源产业，违背国际自由贸易原则，让美国也会 承受相应损失。"张翔认为。 实际上，美国的电池产业链根基薄弱。从原材料层面来看，美国在锂、镍、钴等关键矿 物的开采及加工能力上存在明显不足，难以保障原材料的稳定且充足供应。在生产制造环 节，美国面临着技术依赖、成本居高不下等诸多难题。美国锂电池产业链整体成本偏高，而 其试图摆脱成熟供应链的举措，只会进一步抬高自身储能以及新能源汽车产品的成本。 近日福特首席执行官吉姆·法利在接受媒体采访时表示，中国在电动汽车电池技术方面 领先美国约10年。分析人士指出，当下，美国的 ...

Core Viewpoint - EVE Energy (300014.SZ) is strategically positioning itself in the humanoid robot market, leveraging its technological advancements to gain a competitive edge in the lithium battery sector as the demand for humanoid robots accelerates [1][3]. Industry Overview - The humanoid robot market is expected to see significant growth, with global shipments projected to exceed 10,000 units by 2025 and reach around 5 million units by 2030, leading to a market demand of approximately 750 billion yuan [4]. - The battery industry is poised for a new wave of explosive growth, driven by the unique and stringent performance requirements of humanoid robots, which necessitate high energy density, power, safety, and longevity [5][6]. Company Positioning - EVE Energy is one of only four companies globally identified as capable of supplying batteries for humanoid robots, alongside CATL, LG Energy Solution, and Samsung SDI [4]. - The company has engaged with leading humanoid robot clients and has already delivered samples and completed assembly for some products, indicating its active participation in the market [3][10]. Technological Advancements - EVE Energy is developing a comprehensive battery solution matrix that includes various battery types such as cylindrical lithium-ion batteries, solid-state batteries, and others, to meet the diverse needs of humanoid robots [7][8]. - The company plans to achieve breakthroughs in solid-state battery production by 2026 and aims to introduce high-energy solid-state batteries by 2028 [8]. Market Strategy - EVE Energy is expanding its battery applications across multiple sectors, including ground vehicles, low-altitude economic applications, and humanoid robots, showcasing a multidimensional growth strategy [10][11]. - The recent rebranding of its subsidiary to focus on intelligent robotics indicates the company's ambition to leverage its battery expertise in the robotics field, aligning with the broader growth of China's robotics industry [11].

亿纬锂能(300014.SZ)抢占人形机器人赛道先机，丰 富技术储备助力锂电池龙头获得卡位优势 "公司的产品有在人形机器人上应用吗？"在近期的互动平台上，这是电池企业需要解答的投资者问题之 一。市场关注的背后，全球人形机器人量产进程提速，动力电池正迎来新一轮机遇。 不过，也并非所有电池企业都能"分一杯羹"。中国能源报指出，随着人形机器人应用场景不断拓展，对 电池性能提出更高要求，锂电产业打开新增长点的同时，也面临着技术考验。这也意味着，头部电池企 业凭借在锂电池技术领域的领先优势，有望率先获益。 无独有偶，摩根士丹利在近期发布人形机器人百强榜单，梳理出人形机器人产业链中的大脑、身体以及 集成三大核心环节中的核心企业，电池部件中，国内仅有2家企业上榜，亿纬锂能（300014.SZ）便是其 中之一。 实际上，对于开头提到的问题，亿纬锂能在3月上旬曾在互动平台上有过透露——公司已接洽头部几家 人形机器人客户及车系客户需求，主要产品涵盖人形机器人、机器狗，其中部分客户已经完成样品交付 和组装。 为机器人供能，电池行业或迎新一轮爆发式增长 2025年有望迎来人形机器人商业化量产元年。中信证券预测，2025年全球范围内人 ...

Investment Rating - The report assigns an investment rating of "Buy" for the company's convertible bonds, suggesting a positive outlook for potential returns [4][13]. Core Insights - The report highlights that Yihui Lithium Energy has shown steady revenue growth, with a compound annual growth rate (CAGR) of 66.08% from 2019 to 2023, and a revenue of 48.784 billion yuan in 2023, representing a year-on-year increase of 34.38% [4][18]. - The company is recognized as a leader in lithium battery technology innovation, with a strong market position in consumer batteries, power batteries, and energy storage batteries [4][18]. - The convertible bond has a solid debt protection feature, with a current bond floor valuation of 101.21 yuan and a yield to maturity (YTM) of 2.61% [4][11]. Summary by Sections 1. Convertible Bond Basic Information - The total issuance scale of the Yihui convertible bond is 5 billion yuan, with net proceeds allocated to lithium iron phosphate energy storage and large cylindrical passenger vehicle power battery projects [4][10]. - The bond has a maturity of 6 years, with a face value of 100 yuan and a redemption price of 112% at maturity [4][11]. 2. Investment Subscription Recommendations - The expected listing price range for the convertible bond is between 117.35 and 130.74 yuan, with an anticipated subscription rate of 0.0206% [4][13]. - The report suggests active subscription due to the bond's favorable debt protection and moderate dilution impact on the company's total share capital [4][12]. 3. Fundamental Analysis of the Underlying Stock 3.1 Financial Data Analysis - Yihui Lithium Energy's revenue is primarily derived from lithium battery sales, with the proportion of sales from lithium-ion batteries increasing significantly over the years [4][23]. - The company has maintained a strong profit margin, with a net profit margin of 9.27% in 2023, despite a downward trend in sales and gross margins [4][26]. 3.2 Company Highlights - Yihui Lithium Energy is one of the few manufacturers with advanced production capabilities across various battery types, including lithium-ion, consumer, and energy storage batteries [4][33]. - The company has established strong customer relationships with notable clients such as Mercedes-Benz and State Grid, enhancing its competitive advantage in the market [4][33].

今年前两月安徽汽车新能源汽车总产量位列全国第一，新能车ETF(515700)近 3月涨幅居可比基金首位 截至2025年3月24日 14:00，中证新能源汽车产业指数(930997)下跌0.90%。成分股方面涨跌互现，尚太科技(001301)领涨3.17%，华友钴业(603799)上涨 1.65%，璞泰来(603659)上涨1.28%；法拉电子(600563)领跌8.69%，盟固利(301487)下跌6.02%，亿纬锂能(300014)下跌5.10%。新能车ETF(515700)下跌 1.04%，最新报价1.71元，盘中成交额已达5007.63万元，换手率2.06%。 拉长时间看，截至2025年3月21日，新能车ETF近3月累计上涨7.99%，涨幅排名可比基金1/2。 规模方面，新能车ETF最新规模达24.49亿元，位居可比基金1/2。 数据显示，杠杆资金持续布局中。新能车ETF最新融资买入额达879.11万元，最新融资余额达6095.09万元。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 002594 | 比亚迪 | 0.48% | 10.75 ...

证券代码：300014 证券简称：亿纬锂能 公告编号：2025-029 惠州亿纬锂能股份有限公司 创业板向不特定对象发行可转换公司债券 发行提示性公告 保荐人（主承销商）：中信证券股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示 惠州亿纬锂能股份有限公司（以下简称"亿纬锂能"、"发行人"或"公司"） 和中信证券股份有限公司（以下简称"中信证券"、"保荐人（主承销商）"或 "主承销商"）根据《中华人民共和国证券法》《证券发行与承销管理办法》（证 监会令〔第 208 号〕）《上市公司证券发行注册管理办法》（证监会令〔第 206 号〕）《深圳证券交易所上市公司证券发行与承销业务实施细则》（深证上〔2023〕 101 号）《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 （深证上〔2022〕731 号）和《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理（2024 年修订）》（深证上〔2024〕398 号）等相关规定组织 实施向不特定对象发行可转换公司债券（以下简称"可转债"或"亿纬转债"）。 本次向不特定对象发行的 ...

宁德时代40GWh锂电池项目落地山东东营 3月15日，宁德时代零碳城市战略合作暨东营宁德时代零碳产业园项目正式签约。根据协议，签约各方将围绕共建零碳城市、开拓零碳应用场 景、建设锂电池绿色智造基地以及产业新能源化等方面开展深入合作，共同建设全国首个高比例绿色能源供给的引领式、示范性零碳产业园， 一期在垦利区建设规模40GWh的锂电池绿色智造项目，并适时开展二期项目建设，打造锂电池全链条绿色产业集聚区。 早在2024年1月，东营就与宁德时代签署了战略合作协议，双方在储能锂电池PACK组装及系统集成制造、交通工具电动化、零碳产业园建设 等方面达成合作意向。其中，储能电池PACK项目落户仅3个月就完成各项手续审批，顺利开工建设，预计今年6月就可投产运行。 宁德时代洛阳基地三期、四期项目开工 亿纬锂能表示，此次收到定点开发通知书，是公司在低空经济领域市场开拓的又一重要成果，有助于与小鹏汇天共筑低空经济新生态，提升公 司在新能源行业的综合实力。不过，前述项目的进展尚存在不确定性，实际供货量需以正式销售订单为准，对本年度经营业绩的影响暂不确 定。 亿纬锂能拟募资50亿元 3月20日，亿纬锂能股份有限公司创业板向不特定对象 ...

Core Viewpoint - EVE Energy plans to issue convertible bonds to raise up to 5 billion yuan, primarily for two battery projects, aligning with national industrial policies and the company's strategic direction [1][2]. Group 1: Fundraising and Project Details - The company aims to raise no more than 5 billion yuan through the issuance of convertible bonds, with 3.1 billion yuan allocated to a cylindrical lithium iron phosphate energy storage battery project and 1.9 billion yuan for a large cylindrical passenger vehicle battery project [1][2]. - The cylindrical lithium iron phosphate energy storage battery project will be established in Qujing, Yunnan, with a total investment of 5.474 billion yuan and an annual production capacity of approximately 23 GWh [2]. - The large cylindrical passenger vehicle battery project will be set up in Chengdu, Sichuan, with a similar construction timeline and an annual production capacity of about 21 GWh [2]. Group 2: Strategic Direction and Market Position - EVE Energy emphasizes its vision of "filling the world with forward energy" and aims to enhance its global competitiveness through a comprehensive lithium battery solution [2][3]. - The company has established itself as a leading player in the lithium battery industry, mastering core technologies across consumer, power, and energy storage batteries [2][4]. - EVE Energy's strategic focus on the energy storage market positions it as a major participant, aiming to expand its production capacity to meet increasing downstream customer demand [3][5]. Group 3: Technological Advancements and Future Plans - The company has been committed to differentiated development, producing standardized cylindrical battery products adaptable to various electric vehicle types and applications [3][4]. - EVE Energy plans to enhance its core battery technology to support emerging industries like artificial intelligence and big data, while also expanding its overseas production bases [5]. - The company aims to continuously improve its governance structure and deliver long-term investment value to shareholders [5].