格隆汇11月4日丨中科电气(300035.SZ)在互动平台表示，宁德时代是公司锂电负极业务的重要客户。目 前，公司财务状况良好，其中经营性现金流情况符合公司业务快速发展的阶段性特征，其影响随着业务 发展的不同阶段及公司收付票据金额的不同而有所改善。 ...

当前，锂电新一轮扩张周期正在到来，旺盛需求驱动下，锂电供应链格局正在加速重构。 此次引入地方国资和中创新航，标志着中科电气在负极材料领域的产业链协同与资本布局迎来重要升 级。在应对行业周期波动中，这种"国资+产业龙头+材料供应商"的深度绑定模式，正成为一种的常见 行业趋势。 01 从资本纽带到产业链协同 在此之前，中科电气已是中创新航的负极材料供应商之一，通过技术匹配和产能保障，成为中创新航稳 定的供应链伙伴。 10月30日，中科电气发布公告称，公司控股股东及实际控制人余新、李爱武夫妇及一致行动人等拟通过 协议转让方式，将所持5.001%股份（3427.82万股）转让给凯博（成都）新能源股权投资基金合伙企业 （有限合伙）。 凯博投资基金的主要出资方包括四川、成都国资平台及锂电池企业中创新航。本次标的股份协议转让价 格为23.34元/股，转让总价款（含税）共计约8亿元。 值得关注的是，成都产业投资集团有限公司作为凯博投资基金的重要出资方，已与中科电气签署《全面 深化战略合作协议》。 具体来看，双方将共同推进负极材料相关产业化项目的落地，包括但不限于共同谋划优先在四川省内建 设具有竞争力的负极材料生产基地，优先在 ...

Core Viewpoint - A new expansion cycle in the lithium battery industry is emerging, driven by strong demand, leading to a rapid restructuring of the lithium battery supply chain [3]. Group 1: Capital and Industry Chain Collaboration - Zhongke Electric has announced a share transfer of 5.001% to Kaibo (Chengdu) New Energy Equity Investment Fund, marking a significant upgrade in its capital layout and industry chain collaboration in the anode materials sector [3][4]. - The partnership with Chengdu Industrial Investment Group aims to establish competitive anode material production bases in Sichuan and enhance cooperation with leading new energy battery manufacturers [6][8]. - This collaboration is expected to strengthen Zhongke Electric's market competitiveness in anode materials and provide stable material supply support for its partner, Zhongchuang Innovation [6][9]. Group 2: Market Performance and Growth - Zhongke Electric's revenue for the first three quarters reached 5.904 billion yuan, a year-on-year increase of 52.03%, with net profit growing by 118.85% [11]. - The company ranks third in China's lithium battery anode shipment volume for the first nine months of 2025, indicating strong market presence [12]. - The average market price for lithium battery anode materials is around 32,000 yuan per ton, with potential price increases expected in the fourth quarter of 2025 due to sustained demand [15]. Group 3: Production Capacity and Strategic Expansion - Zhongke Electric's production capacity is strategically expanding both domestically and internationally, with plans to exceed 600,000 tons in total capacity by 2025 [16][18]. - The company has established multiple production bases in China and is investing in a 200,000-ton integrated anode material base in Oman to target European and African markets [18]. - The company is also advancing in new anode materials, with silicon-carbon anode pilot lines completed and hard carbon anodes entering mass production [18].

Core Insights - The lithium battery materials industry has shown significant improvement in the third quarter of 2025, with many companies turning losses into profits and a clear trend of recovery in the sector [1][3] Group 1: Performance of Positive Electrode Material Companies - Tianqi Lithium's revenue for the first three quarters was 7.397 billion yuan, down 26.5%, but it achieved a net profit of 180 million yuan, marking a turnaround [2] - Ganfeng Lithium reported a revenue of 14.625 billion yuan, a growth of 5.02%, with a net profit of 2.552 billion yuan, also a turnaround [2] - Huaneng Technology and other companies have seen significant profit increases, with Huaneng's revenue reaching 23.226 billion yuan, up 46.27%, and a net profit of 645 million yuan, up 31.51% [2][3] Group 2: Trends in Positive Electrode Materials - High-pressure compact lithium iron phosphate has become a focal point for companies, driven by strong demand in the energy storage sector and advancements in technology [3][4] - The price of battery-grade lithium carbonate has rebounded, maintaining a range of 80,300 to 81,700 yuan per ton, contributing to the positive performance of many positive electrode material companies [4] - Major companies like Longpan Technology have secured large orders from leading firms, enhancing their market position [4] Group 3: Performance of Negative Electrode Material Companies - The negative electrode materials sector has also seen a recovery, with a total shipment of 201.1 million tons in the first nine months of 2025, a year-on-year increase of 35.1% [7] - Shanshan Co. achieved a net profit of 33.14 million yuan in Q1, marking a successful turnaround, and its stock price has rebounded significantly [7][8] - Companies like BTR and Putailai are expanding their overseas business and solid-state battery technology, contributing to their recovery and growth [8]

公司引入以成都国资和中创新航为核心的战略投资者，交易总价约8亿元。 此举远非一次简单的股权转让。 在锂电行业经历两年深度调整、供需结构开始修复的上行窗口期，中科电气正试图通过资本 +产业+地方的铁三角联盟，为其在智能制造、全球化布 局以及下一代电池（钠电、固态电池）的赛道上，谋划一局更远大的先手棋。 这既是中科电气的关键一跃，也可能成为成都国资继海光信息百倍回报神话后，在新能源领域复刻耐心资本 +产业培育模式的又一经典案例。 非典型的 8亿引资 10月30日晚间，中科电气同步披露《关于引入战略投资者暨公司股东协议转让部分股份的权益变动提示性公告》以及《关于与成都产业投资集团有 限公司签署全面深化战略合作协议的公告》。 根据公告，中科电气控股股东暨实际控制人余新、李爱武夫妇及其一致行动人等，拟通过协议转让方式，向凯博（成都）新能源股权投资基金合伙企 业（有限合伙）（以下简称凯博投资基金）合计转让 34,278,187股，占公司总股本的5.001%。 倒计时16天 2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目 ...

Core Viewpoint - Zhongke Electric is a leading enterprise in the domestic electromagnetic industry, focusing on industrial magnetic application technology with a strong technical foundation and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Zhongke Electric reported revenue of 5.904 billion yuan, ranking 18th in the industry out of 44 companies, with the industry leader, Zhongwei Co., achieving 33.297 billion yuan [2] - The net profit for the same period was 521 million yuan, ranking 10th in the industry, with the top performer, Putailai, reporting 1.872 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongke Electric's debt-to-asset ratio was 60.16%, up from 54.78% year-on-year, exceeding the industry average of 51.96% [3] - The gross profit margin was 18.48%, slightly down from 19.41% year-on-year, but still above the industry average [3] Group 3: Executive Compensation - The chairman, Yu Xin, received a salary of 824,800 yuan in 2024, an increase of 214,000 yuan from 2023 [4] - The general manager, Pi Tao, earned 2.0428 million yuan in 2024, up by 988,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.77% to 79,300, with an average holding of 7,354.46 shares, down by 11.32% [5] - The largest shareholder, Hong Kong Central Clearing Limited, increased its holdings by 14.0421 million shares [5] Group 5: Business Highlights - In the first half of 2025, the shipment of negative electrode materials reached 157,000 tons, a year-on-year increase of 70.47%, generating revenue of 3.45 billion yuan, up 65.79% [5][6] - The company is advancing the construction of an integrated project for negative electrode materials to enhance self-sufficiency in graphitization and improve automation levels [6] - Zhongke Electric plans to build the world's largest lithium-ion battery negative electrode material integrated production base in Oman [6]

Core Insights - Haike Xinyuan's stock price increased by over 10%, reaching a new high, indicating strong market performance [1] - Tianji Co., Ltd. hit the daily limit, reflecting positive investor sentiment [1] - Other companies such as Zhongke Electric, Penghui Energy, Huasheng Lithium Battery, Enjie Co., Ltd., and Xingyuan Materials also experienced significant gains [1] Company Performance - Haike Xinyuan's stock performance is highlighted by a notable increase of over 10% [1] - Tianji Co., Ltd. achieved a daily limit increase, showcasing robust trading activity [1] - Zhongke Electric, Penghui Energy, Huasheng Lithium Battery, Enjie Co., Ltd., and Xingyuan Materials all followed suit with substantial stock price increases [1] Industry Trends - The overall trend in the market shows a positive movement in the lithium battery and energy sectors, as indicated by the performance of multiple companies [1] - The surge in stock prices across these companies suggests a growing investor confidence in the industry [1]

每经AI快讯，10月31日，电池板块板块盘初拉升，海科新源涨超15%创新高，天际股份涨停，中科电 气、鹏辉能源、华盛锂电、恩捷股份、星源材质跟涨。 ...

Group 1 - The core point of the news is that Hunan Zhongke Electric Co., Ltd. is introducing strategic investors and transferring shares to optimize its equity structure and support long-term development [1][2] - The controlling shareholders, Yu Xin and Li Aiwu, along with their associates, plan to transfer approximately 34.28 million shares, representing 5.001% of the total share capital, to Kaibo (Chengdu) New Energy Equity Investment Fund [1] - After the transfer, the shareholding of the controlling shareholders will decrease to 12.93%, but they will remain the controlling shareholders of Zhongke Electric [1] Group 2 - Zhongke Electric's collaboration with Chengdu Industrial Investment Group will focus on the anode materials business, leveraging resources, capital, management, and talent from both parties [2] - The partnership aims to enhance production capacity, upgrade production lines, and improve material industry layout, positioning Zhongke Electric as a global leader in anode materials [2] - The market for anode materials is expected to see strong demand driven by energy storage and new energy vehicles, with a new growth cycle anticipated to begin by 2025 [2]

Core Viewpoint - The company has signed a comprehensive strategic cooperation agreement with Chengdu Industrial Investment Group to enhance its position in the anode materials business and aims to become a global leader in this sector [1] Group 1: Strategic Cooperation - The agreement focuses on collaboration in the fields of lithium-ion batteries, sodium-ion batteries, and solid-state batteries [1] - The parties plan to prioritize the establishment of key core material R&D centers in Chengdu or Sichuan Province, gradually building pilot lines and mass production lines [1] Group 2: Chengdu Industrial Investment Group's Role - Chengdu Industrial Investment Group is a state-controlled platform in Chengdu, possessing strong advantages in capital, resources, and industrial layout [1] - The group has made significant investments in the new energy lithium battery industry, including investments in leading companies such as Zhongchuang Innovation, Hive Energy, Bamo Technology, and Defang Nano [1] - In 2022, the group participated in the company's stock issuance to specific investors through its wholly-owned subsidiary, indirectly holding 2.68% of the company's shares [1] Group 3: Strategic Investor Introduction - The recent introduction of strategic investor Kaibo (Chengdu) New Energy Equity Investment Fund Partnership is linked to the share transfer agreement involving Chengdu Industrial Investment Group [1] - Chengdu Industrial Investment Group is a key partner in the Kaibo Chengdu Fund, reflecting its recognition of the company's development prospects and investment value [1]