证券代码：300457 证券简称：赢合科技 公告编号：2025-079 深圳市赢合科技股份有限公司 关于部分回购专户库存股注销完成暨股份变动的公告 本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、误导性陈述或者重大遗漏。 深圳市赢合科技股份有限公司（以下简称"公司"）分别于 2025 年 9 月 26 日召开的第五届董事会第二十二次会议及 2025 年 10 月 13 日召开的 2025 年第一 次临时股东会，审议通过了《关于注销部分回购专户库存股并减少注册资本的议 案》，同意公司将 2022 年回购计划存放于回购专用账户中的 3,916,285 股已回 购未使用股份按规定予以注销，占注销前公司总股本 649,095,713 股的 0.60%。 本次注销完成后，公司总股本变为 645,179,428 股，公司注册资本变为 645,179,428 元。本次实际回购注销金额为人民币 102,460,391.62 元。 根据相关法律法规和公司回购股份方案的相关规定，上市公司回购股份用于 员工持股计划或者股权激励的，若公司未能在披露回购结果暨股份变动公告后 36 个月内实施，则未使用的回购股 ...

内容概况：与全球市场相似，中国电动汽车产业的快速发展，提升了锂电池的下游需求，进而带动了锂 电池智能装备发展。数据显示，中国锂电池智能装备市场规模从2020年的275亿元增长至2022年的722亿 元。2023-2024年下游市场需求放缓，电动汽车电池及储能电池企业新项目建设减速，抑制了对锂电池 智能装备的短期需求，导致2024年市场规模下降至202亿元。2025年以来，受益于国际头部电池企业开 工率显著提升、扩产节奏逐渐恢复，中国锂电池智能装备行业迎来复苏契机，预计2025年中国锂电池智 能装备市场规模将达260亿元。 相关上市企业：先导智能（300450）、赢合科技（300457）、华自科技（300490）、杭可科技 （688006）、利元亨（688499）、科恒股份（300340）、璞泰来（603659）、星云股份（300648）、联 赢激光（688518）、海目星（688559）等。 相关企业：深圳市浩能科技有限公司、广东奥鸿智能装备有限公司等。 关键词：锂电池智能装备行业相关政策、锂电池智能装备行业产业链、动力锂电池出货量、消费锂电池 出货量、储能锂电池出货量、全球锂电池智能装备行业市场规模、中国锂 ...

证券日报网讯12月5日，赢合科技（300457）在互动平台回答投资者提问时表示，公司研发投入持续加 码，聚焦锂电设备核心工艺优化，涂布机、辊分一体机、卷绕机、超高速多工位切叠一体机等关键设备 在效率、自动化水平和工艺精度等方面实现突破，以技术硬实力强化品牌形象。在品牌推广方面，公司 积极亮相动力电池应用国际峰会、北美电池展、欧洲顶级电池技术盛会等行业活动，展示技术成果和解 决方案，持续提升公司在海内外的品牌知名度。 ...

截至2025年12月5日 14:12，中证电池主题指数(931719)上涨0.90%，成分股科士达(002518)上涨7.25%，孚能科技(688567)上涨4.55%，阿特斯(688472)上涨 3.51%，赢合科技(300457)上涨2.76%，阳光电源(300274)上涨2.68%。电池50ETF(159796)上涨1.05%，最新价报0.96元。拉长时间看，截至2025年12月4日， 电池50ETF近3月累计上涨24.80%。（以上所列股票仅为指数成份股，无特定推荐之意） 流动性方面，电池50ETF盘中换手2.53%，成交2.3亿元。拉长时间看，截至12月4日，电池50ETF近1月日均成交4.98亿元。 规模方面，电池50ETF近3月规模增长60.10亿元，实现显著增长。（数据来源：Wind） 华西证券指出，随着新能源大规模接入，配套电网建设需求大幅提升，同时对于电网协调运行能力要求提升，预计配网侧投资也将具备广阔空间，配电一二 次融合设备领先供应商将持续受益，同时，在AI拉动美国电力需求背景下，电力系统存在升级和扩建需求，相关电力设备需求也有望维持高景气，行业或 将加速发展。 【如何布局"景气上行+ ...

证券日报网讯12月1日，赢合科技（300457）在互动平台回答投资者提问时表示，公司具有成熟国际项 目管理体系与全链条高效协同能力，实现从技术对接、方案适配到精准制造、跨国交付的全流程闭环， 确保各环节无缝衔接。在生产交付过程中，公司始终贯彻严苛的质量控制标准，有力保障产品与服务的 交付品质；同时积极对标并严格遵守海外政策法规，确保交付全程合规可靠。 ...

Group 1: Core Insights - The report emphasizes that the AI wave is initiating a new cycle in intelligent manufacturing, shifting the investment focus from cyclical fluctuations to "new hard-core" assets that can define the future and support the AI trend [8][9]. - Human-shaped robots are highlighted as the ultimate embodiment of AI intelligence, expected to revolutionize labor liberation and serve as a universal platform for AI interaction with the physical world [9][10]. - The report identifies solid-state batteries as a key technology that will unlock performance ceilings for human-shaped robots and electric vehicles due to their high energy density and safety [9][10]. Group 2: Human-Shaped Robots - The human-shaped robot industry is transitioning from concept validation to commercialization, with companies that have developed product capabilities in key components likely to experience significant valuation increases [13][17]. - The investment strategy focuses on essential hardware components rather than single manufacturers due to the uncertainty in design solutions, creating unique investment opportunities [25][28]. - Key companies to watch in this sector include Xinjie Electric, Huichuan Technology, and Weichuang Electric, which are positioned to benefit from the growth in human-shaped robots [17][30]. Group 3: AI Equipment and Materials - The demand for AI-related infrastructure is surging, leading to significant growth in high-performance servers, GPUs, and advanced PCB requirements [32][36]. - The PCB specialized equipment market is expected to grow from $3.306 billion in 2020 to $4.111 billion in 2024, with a CAGR of 5.60% in China [32][34]. - Key players in the equipment sector include Dazhu CNC and Chip Quik, which are well-positioned to capitalize on the increasing demand for advanced PCB manufacturing [36][40]. Group 4: Solid-State Batteries - The solid-state battery industry is accelerating towards commercialization, with major manufacturers like CATL and Zhongxin Innovation targeting 2027 for small-scale production [9][10]. - The global solid-state battery equipment market is projected to reach ¥107.94 billion by 2030, indicating a significant capital expenditure cycle ahead [9][10]. - Companies such as Lead Intelligent and Hai Moxing are recommended for their potential to benefit from this new capital expenditure cycle [9][10]. Group 5: Controlled Nuclear Fusion - Controlled nuclear fusion is transitioning from experimental phases to industrialization, with significant advancements in research and increased capital investment driving the industry forward [9][10]. - The report suggests focusing on companies involved in nuclear fusion projects, such as Hangyang Co. and Shanghai Electric, which are positioned to gain from this emerging sector [9][10]. - The demand for energy solutions is expected to grow, making nuclear fusion a critical area for investment as it promises to provide sustainable energy sources [9][10]. Group 6: Engineering Machinery - The domestic engineering machinery market is recovering, with excavator sales showing a positive trend, while overseas demand is also increasing due to factors like housing construction and manufacturing sector recovery [6][9]. - Major projects in China, such as the Yaxi Water Conservancy Project and the Xinjiang-Tibet Railway, are expected to boost domestic machinery demand [6][9]. - Key companies in this sector include Sany Heavy Industry, XCMG, and Zoomlion, which are anticipated to benefit from both domestic recovery and international expansion [6][9].

证券日报网讯赢合科技（300457）11月24日在互动平台回答投资者提问时表示，公司长期深耕锂电装备 制造领域，产品广泛应用于动力、储能及消费类电池等多个领域。公司核心设备性能领先，赋能国内外 头部客户电池生产，提升生产效率和产品一致性。并且，公司积极与客户联合研发，交付设备助力客户 新工艺验证，持续推进电池制造工艺与装备协同创新。 ...

Investment Rating - The report recommends focusing on solid-state battery equipment suppliers such as **XianDao Intelligent**, **LianYing Laser**, and **HangKe Technology**. It also suggests paying attention to companies involved in dry/wet electrode equipment and dry electrode & module PACK [2][8]. Core Insights - The front-end manufacturing process is crucial in lithium battery production, directly impacting battery performance and production line stability. The process includes the formation of positive and negative electrode sheets and solid electrolyte membranes, which are essential for energy density, rate performance, and cycle life [2][5][7]. - Solid-state batteries require the preparation of solid electrolyte membranes in addition to traditional electrode sheets, increasing the complexity and criticality of the manufacturing process [7][15]. - The solid-state battery front-end manufacturing process can be divided into dry and wet methods, with dry methods gradually becoming the mainstream due to their cost, process, and material compatibility advantages [2][12][15]. - Various dry film formation technologies exist, including fiberization, dry spray deposition, gas phase deposition, thermal extrusion, direct pressing, and 3D printing, each suitable for different applications [2][40]. Summary by Sections 1. Key Manufacturing Processes - The preparation of electrode sheets and electrolyte membranes is critical, directly influencing battery performance and mass production outcomes [5][11]. - The film formation process can be categorized into dry and wet methods, with dry methods being the future of high-performance solid-state batteries [11][12]. - Dry film formation paths are diverse, with fiberization seen as a promising route for future mass production [11][18]. 2. Market Potential - The market for front-end solid-state battery equipment is expected to reach **8 billion yuan** by 2029, driven by the anticipated increase in global solid-state battery capacity from **17 GWh** in 2024 to **200 GWh** in 2029 [8][9]. 3. Dry vs. Wet Process Advantages - Dry processes eliminate solvent use and drying steps, leading to lower energy consumption and manufacturing costs, while enhancing material utilization and environmental friendliness [15][18]. - Dry processes exhibit superior structural stability, allowing for higher packing densities and energy densities compared to wet processes [18][34]. 4. Solid Electrolyte Materials - Solid electrolyte materials are categorized into oxides, sulfides, polymers, and halides, with sulfides currently being the mainstream technology due to their high conductivity and processing performance [21][22]. 5. Future Developments - The evolution of solid-state batteries will involve the introduction of high-performance anodes and cathodes, with dry processes increasingly demonstrating compatibility advantages [26][30].

Market Overview - On November 21, the Shanghai State-Owned Enterprise Reform sector fell by 2.97% compared to the previous trading day, with Tibet City Investment leading the decline [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Shanghai Mechanical and Electrical (600835) saw a closing price of 28.29, with an increase of 4.89% and a trading volume of 427,300 shares, amounting to a transaction value of 1.207 billion [1] - Tibet City Investment (600773) experienced a significant drop of 10.02%, closing at 12.93, with a trading volume of 473,100 shares [2] - Hydrogen Alkali Chemical (600618) and Data Port (603881) also faced declines of 9.53% and 7.83%, respectively [2] Capital Flow - The Shanghai State-Owned Enterprise Reform sector saw a net outflow of 2.59 billion yuan from institutional investors, while retail investors had a net inflow of 2.12 billion yuan [2] - The main capital flow data indicates that Shanghai Mechanical and Electrical had a net inflow of 1.20 billion yuan from institutional investors, while retail investors had a net outflow of 43.99 million yuan [3]

11月21日，赢合科技跌5.04%，截至发稿，报26.92元/股，成交2.77亿元，换手率1.59%，总市值174.74 亿元。 资料显示，深圳市赢合科技股份有限公司位于广东省深圳市南山区前海深港合作区前海大道前海嘉里中 心T2-2501，成立日期2006年6月26日，上市日期2015年5月14日，公司主营业务涉及锂电池专用生产设 备的研发、设计、制造、销售与服务。主营业务收入构成为：锂电池专用生产设备65.66%，其他(补 充)34.34%。 从基金十大重仓股角度 富荣福鑫混合A（004794）基金经理为姜帆、王梓。 截至发稿，姜帆累计任职时间1年154天，现任基金资产总规模1835.24万元，任职期间最佳基金回报 56.08%， 任职期间最差基金回报8.86%。 王梓累计任职时间57天，现任基金资产总规模129.11万元，任职期间最佳基金回报10.84%， 任职期间 最差基金回报10.82%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显 ...