证券代码：300014 证券简称：亿纬锂能 公告编号：2024-070 惠州亿纬锂能股份有限公司 第六届董事会第三十五次会议决议公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 惠州亿纬锂能股份有限公司（以下简称"公司""亿纬锂能"）于 2024 年 6 月 27 日在广东省惠州市仲恺高新区惠风七路 38 号亿纬锂能零号会议室采用现场及通讯表 决的方式召开第六届董事会第三十五次会议。本次会议由董事长刘金成先生主持，应 参加会议董事 7 名，实际参加 7 名。本次会议的召开符合《公司章程》规定的法定人 数。 本次会议的会议通知及相关资料于 2024 年 6 月 24 日以邮件方式送达各位董事， 全体董事知悉本次会议的审议事项，并充分表达意见。公司监事会成员和高级管理人 员列席了本次会议。 会议的召集和召开符合《中华人民共和国公司法》和《公司章程》的有关规定。经 表决，形成以下决议： 一、审议通过了《关于开展套期保值业务的议案》 为增强公司动态化的市值管理，充分利用现有的资源，使公司的经济效益最大化， 进一步加大公司研发平台建设及研发投入，公司拟提请董事会授权公 ...

关于开展套期保值业务的可行性分析报告 一、 开展套期保值业务的背景 （一）商品套期保值业务 为有效规避和降低公司生产经营相关原材料价格波动风险，公司及子公司拟根据 生产经营计划择机开展商品期货套期保值业务，保证产品成本的相对稳定，降低价格 波动对生产经营的影响。 （二）外汇套期保值业务 公司及子公司进出口业务规模扩大，为有效规避和防范公司因进出口业务带来的 潜在汇率等风险，公司及子公司拟与银行等金融机构开展外汇套期保值业务，提高外 汇资金使用效率，合理降低财务费用，减少汇率波动的影响。 二、 套期保值业务基本情况 （一）商品套期保值 2023年8月24日，公司召开第六届董事会第十八次会议，审议通过了《关于开展商 品期货套期保值业务的议案》，同意公司及子公司开展最高保证金额度不超过人民币 2.5亿元或等值其他外币金额的商品期货套期保值业务，预计任一交易日持有的最高合 约价值不超过人民币25亿元或等值其他外币金额，商品期货套期保值品种限于与公司 及子公司的生产经营所需的镍、锂等原材料相关的期货品种。授权期限自董事会审议 通过之日（2023年8月24日）起十二个月内有效。额度在审批有效期内可循环滚动使用。 如单笔交 ...

中信证券股份有限公司 关于惠州亿纬锂能股份有限公司 开展套期保值业务的核查意见 中信证券股份有限公司（以下简称"中信证券"）作为惠州亿纬锂能股份有 限公司（以下简称"亿纬锂能""公司"）向特定对象发行 A 股股票的保荐机构， 根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等相关法律、法规和规范性文件的规定，对亿纬锂能拟开展套期保值业务事项进 行了审慎核查，发表如下核查意见： 一、开展套期保值业务的目的 （一）商品套期保值业务 为有效规避和降低公司生产经营相关原材料价格波动风险，公司及子公司拟 根据生产经营计划择机开展商品期货套期保值业务，保证产品成本的相对稳定， 降低价格波动对生产经营的影响。 （二）外汇套期保值业务 公司及子公司进出口业务规模扩大，为有效规避和防范公司因进出口业务带 来的潜在汇率等风险，公司及子公司拟与银行等金融机构开展外汇套期保值业务， 提高外汇资金使用效率，合理降低财务费用，减少汇率波动的影响。 二、套期保值业务基本情况 （一）商品套期保值 2023年8月24日，公司召开第六届董事会第 ...

证券代码：300014 证券简称：亿纬锂能 公告编号：2024-071 惠州亿纬锂能股份有限公司 第六届监事会第三十三次会议决议公告 公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本次会议由监事会主席祝媛主持，应参加会议监事 3 名，实际参加监事 3 名。本 次会议的召开符合《公司章程》规定的法定人数。 会议的召集和召开符合《中华人民共和国公司法》和《公司章程》的有关规定。经 表决，形成以下决议： 一、 审议通过了《关于开展套期保值业务的议案》 经审核，全体监事认为：公司及子公司开展套期保值业务是为了充分运用套期保 值工具有效规避和防范汇率波动、原材料价格波动带来的风险，且公司已制定《套期 保值业务管理制度》，完善了相关内控制度，公司采取的针对性风险控制措施是可行 的，不存在损害公司和全体股东利益的情形。我们同意公司及子公司在保证正常生产 经营的前提下，继续开展套期保值业务。 本议案表决结果：3 票同意，0 票反对，0 票弃权，获得通过。 经审核，监事会认为：本次减持事项是为了增强公司动态化的市值管理，进一步 加大公司研发平台建设及研发投入，相关决策程序符合《 ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 54.74 RMB, based on its leading position in the energy storage and consumer battery sectors, strong R&D capabilities, and comprehensive industry chain layout [2][3]. Core Insights - The company is a leading platform enterprise in the lithium battery sector, having developed over 23 years from consumer batteries to power and energy storage batteries. In 2023, the revenue from power, storage, and consumer batteries was 240 billion, 163 billion, and 84 billion RMB, respectively, with year-on-year growth rates of +31%, +73%, and -2% [1][9]. - The supply-side landscape is improving, with industry utilization rates expected to rise. The demand growth rate for the power and storage battery industry is projected to be nearly 30% in 2024, maintaining high demand and a healthy inventory cycle [1][17]. - The company has seen significant growth in energy storage battery shipments, with 2023 and Q1 2024 shipments reaching 26 GWh and 7 GWh, respectively, representing year-on-year increases of +121% and +113% [2][19]. - The company is benefiting from the increasing concentration in the industry, with a shift from price competition to quality competition, which is expected to enhance profitability through increased overseas and system sales [2][19]. - The company is also experiencing a recovery in revenue from small cylindrical batteries, driven by an upturn in the power tool industry, with expectations for significant revenue growth in 2024 [2][19]. Summary by Sections 1. Power and Storage Battery Supply and Demand Optimization - The company has a 23-year history as a leading lithium battery enterprise, with significant revenue growth in power and storage batteries [1][9]. - The power battery segment includes various types of batteries used in new energy vehicles and commercial vehicles, while the storage battery segment covers a wide range of applications [9][10]. 2. Energy Storage Battery: Continuous Growth Benefiting from Industry Concentration - The company has achieved a global second position in energy storage battery shipments, with a notable improvement in profitability [2][19]. - The industry is shifting towards quality competition, benefiting leading companies like this one [2][19]. 3. Power Battery: Steady Market Share Growth and Leading Progress in Large Cylindrical Batteries - The company has seen a steady increase in market share, particularly in the commercial vehicle sector, with significant customer validation expected in 2024 [2][19]. 4. Consumer Battery: Multiple Segment Champions Benefiting from Upturn - The small cylindrical battery segment is expected to see substantial revenue growth in 2024, contributing to profitability recovery [2][19]. 5. Gradual Realization of Industry Chain Layout, Strengthening Competitive Advantage - The company has been actively involved in various financing activities to support its projects in cylindrical LFP batteries and large cylindrical power battery projects [2][19]. 6. Profit Forecast and Investment Recommendations - The company is projected to achieve net profits of 49 billion, 60 billion, and 75 billion RMB from 2024 to 2026, with year-on-year growth rates of +20%, +23%, and +25% [2][4].

Investment Rating - The report gives the company a "Buy" rating with a target price of 54.74 RMB, based on a 23X PE multiple for 2024 [2][3] Core Views - The company is a leading platform-type lithium battery enterprise with over 23 years of development history, transitioning from consumer batteries to power and energy storage batteries [1] - In 2023, the company's revenue from power/energy storage/consumer batteries was 24/16.3/8.4 billion RMB, with year-on-year growth of +31%/+73%/-2% respectively [1] - The energy storage battery sector is expected to benefit from industry consolidation, with the company's market share rising to second globally in Q1 2024 [2] - The company's power battery market share has steadily increased, reaching 2.3% globally in 2023 and ranking eighth [2] - The company is expected to achieve net profits of 4.9/6/7.5 billion RMB in 2024-2026, with year-on-year growth of +20%/+23%/+25% [2] Business Segments Power Batteries - The company's power battery revenue in 2023 was 23.98 billion RMB, a 31.4% increase year-on-year, with a gross margin of 14.37% [9] - The company's power battery market share in commercial vehicles has grown significantly, with a 13.9% share in the domestic market in the first five months of 2024 [52] - The company has made breakthroughs in large cylindrical batteries, with mass production and vehicle installation of its 46-series ternary batteries expected in 2024 [2] Energy Storage Batteries - The company's energy storage battery revenue in 2023 was 16.34 billion RMB, a 73.2% increase year-on-year, with a gross margin of 17.03% [9] - In Q1 2024, the company ranked second globally in energy storage battery shipments, with a market share of over 30% in small-scale energy storage [36] - The company's flagship products, such as the LF560K and Mr. series, have achieved industry-leading performance in system efficiency (95%) and cycle life (12,000 cycles) [2] Consumer Batteries - The company's consumer battery revenue in 2023 was 8.36 billion RMB, a slight decline of 1.8% year-on-year, with a gross margin of 23.73% [9] - The small cylindrical battery market is expected to recover in 2024, driven by the rebound in the electric tool industry and the lithium-ion trend in two-wheeled vehicles [2] - The company is a leader in lithium primary batteries, with a market share of over 30% in the global smart meter market [28] Industry Trends - The global demand for power and energy storage batteries is expected to grow significantly, with projected shipments of 1,360/1,723/2,139 GWh in 2024-2026, representing year-on-year growth of +28%/+27%/+24% [20] - The energy storage industry is shifting from low-price competition to quality competition, with longer lifespan and higher safety becoming key competitive factors [39] - The electric vehicle market is expected to maintain strong growth, with global power battery demand projected to reach 1,094/1,352/1,618 GWh in 2024-2026, driven by domestic and international markets [19] Financial Performance - The company's revenue grew from 4.35 billion RMB in 2018 to 48.78 billion RMB in 2023, with a CAGR of 62% [10] - The company's net profit grew from 570 million RMB in 2018 to 4.05 billion RMB in 2023, with a CAGR of 48% [10] - The company's gross margin stabilized at 17% in 2023, with a slight increase to 17.6% in Q1 2024 [11] - The company's operating expenses have been declining, with the three major expense ratios (sales, management, and R&D) decreasing from 14.3% in 2018 to 10.1% in 2023 [11]

证券代码：300014 证券简称：亿纬锂能 公告编号：2024-069 惠州亿纬锂能股份有限公司 关于子公司与 Powin 签订谅解备忘录的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 本谅解备忘录是基于双方合作意愿的意向性约定，具体事项将由双方签订的最 终合作协议约定，尚具有不确定性； 本谅解备忘录的签订对公司本年度及未来各会计年度财务状况的具体影响存 在不确定性； 最近三年披露的框架协议的情况详见公告中的"五、重大风险提示"。 敬请广大投资者注意投资风险。 3、本谅解备忘录期限为自主供应协议生效日起3年。 一、谅解备忘录签订情况 2024年6月19日，惠州亿纬锂能股份有限公司（以下简称"公司"）子公司武汉亿 纬储能有限公司（以下简称"亿纬储能"）与POWIN, LLC.（以下简称"Powin"）签 署《Powin / EVE Memorandum of Understanding For Supply of Battery Packs and Next Generation Cells》（《Powin/EVE电池组和下一代电池供应谅解备忘 ...

Financial Data and Key Metrics Changes - The company has introduced new battery technologies that enhance performance metrics such as energy density and charging speed, indicating a focus on innovation and market competitiveness [2][4][8]. Business Line Data and Key Metrics Changes - The SPC battery capacitor demonstrates a 10C instantaneous discharge capability and a lifespan exceeding 8 years, showcasing its reliability in various applications [5]. - The Omnicell battery features a fast charging capability, achieving 80% charge in just 9 minutes at 25°C, and a low-temperature performance that allows charging from 10% to 80% in 25 minutes at -30°C [2][8]. - The new energy storage technology includes a 95.5% energy efficiency in the Mr. Giant 5 MWh system, which is a 1% improvement over similar systems in the industry [3]. Market Data and Key Metrics Changes - The company is addressing the growing demand for electric vehicle batteries, with a projected market need of 30 billion for eVTOL applications, emphasizing the importance of high power output and energy density [4][14]. - The introduction of solid-state batteries aims to meet the increasing market demand for safer and more efficient energy storage solutions [14]. Company Strategy and Development Direction - The company is focused on driving smart living through innovative battery solutions that support smart transportation and urban infrastructure [5]. - Future technology developments include solid-state batteries and eVTOL applications, indicating a strategic shift towards high-performance and sustainable energy solutions [4][14]. Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of fast charging and low-temperature performance in addressing market needs, which are critical for expanding the electric vehicle market [7][8]. - The company is committed to developing zero-carbon energy storage systems, reflecting a strategic alignment with global sustainability trends [3][14]. Other Important Information - The company has successfully developed a wide-temperature range button battery for tire pressure sensors, marking a significant achievement in extreme condition applications [6]. - The introduction of advanced thermal management technologies aims to enhance battery safety and performance, particularly in high-demand scenarios [3]. Q&A Session Summary Question: What are the key challenges in developing the new cylindrical battery? - The challenges include achieving high winding efficiency for long electrode strips and ensuring the quality of connections for fast charging capabilities [7]. Question: How does the company plan to address the growing demand for eVTOL? - The company is focusing on high power output and energy density while ensuring safety and cost-effectiveness to meet the projected demand [14].

截至本公告日，EBIL 收到该笔现金分红款 95,076,000.00 港币。公司对思摩尔国际 的长期股权投资按权益法核算，该笔分红款对公司 2024 年度合并报表净利润无影响。 具体会计处理以年度审计确认结果为准，敬请广大投资者注意投资风险。 证券代码：300014 证券简称：亿纬锂能 公告编号：2024-068 惠州亿纬锂能股份有限公司 关于孙公司 EBIL 收到参股公司思摩尔国际现金分红的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 惠州亿纬锂能股份有限公司（以下简称"公司"）的间接参股公司思摩尔国际控股 有限公司（以下简称"思摩尔国际"）于 2024 年 5 月 24 日举行股东周年大会，审议通 过了"宣派截至 2023 年 12 月 31 日止年度之末期股息每股 5 港仙"的议案。公司全资 孙公司 EVE BATTERY INVESTMENT LTD.（以下简称"EBIL"）持有思摩尔国际股份 1,901,520,000 股，预计可获得现金红利 95,076,000.00 港币。 特此公告。 惠州亿纬锂能股份有限公司董事会 2024 年 6 月 ...

证券代码：300014 证券简称：亿纬锂能 公告编号：2024-066 惠州亿纬锂能股份有限公司 关于控股股东部分股份解除质押及质押的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 | 股东 | 是否为控 股股东或 第一大股 | 本次质押数 | 占其所 持股份 | 占公司总 | 是否是 | 是否为补 | 质权人 | 质押开始日 | 质押到期日 | | 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 东及其一 | 量（股） | 比例 | 股本比例 | 限售股 | 充质押 | | | | | | | | 致行动人 | | | | | | | | | | | | 亿纬 | 是 | 30,000,000 | 4.58% | 1.47% | 否 | 否 | 云南国际信托有 限公司 | 2024年6月11日 | 主合同项下债权诉 讼时效届满之日 | | 偿还债务 | | 控股 | | 21,500,000 | 3.28% | 1.05% | 否 ...