证券代码：300477 证券简称：ST 合纵 公告编号：2025-057 合纵科技股份有限公司 第七届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、会议召开情况 合纵科技股份有限公司（以下简称"公司"）第七届董事会第七次会议于2025 年8月26日在公司会议室以现场结合通讯表决方式召开。会议的通知于2025年8 月15日以邮件、微信等方式送达给全体董事。公司现有董事九人，实际出席会议 并表决的董事九人。会议由刘泽刚董事长主持，监事会成员、董事会秘书及公司 其他高管列席了会议。会议的召开符合《公司法》和《公司章程》的有关规定。 二、会议表决情况 会议以通讯表决的方式通过了如下议案： 1、审议通过《关于公司2025年半年度报告及其摘要的议案》 公司根据2025年1-6月的财务状况和经营情况编制了《2025年半年度报告》 《2025年半年度报告摘要》。具体内容详见公司披露于巨潮资讯网的《2025年半 年度报告》及《2025年半年度报告摘要》。 本议案已经董事会审计委员会审议通过。 同意票数为9票；反对票数0票；弃权票数0票。 2、审 ...

合纵科技股份有限公司 2025 年半年度报告全文 合纵科技股份有限公司 2025 年半年度报告 2025 年 8 月 1 合纵科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人刘泽刚、主管会计工作负责人韦强及会计机构负责人(会计主 管人员)张晓杰声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中所涉及的公司战略规划及未来计划等前瞻性陈述，不构成 公司对投资者的实质承诺。投资者及相关人士均应当对此保持足够的风险认 识，并且应当理解计划、预测与承诺之间的差异。 本公司敬请投资者认真阅读本报告全文，并特别注意公司在经营中可能面 临的风险因素，公司主要存在的风险具体请见本报告"第三节 管理层讨论与 分析"之"十 公司面临的风险和应对措施"部分。敬请广大投资者关注，并 注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提 ...

Core Viewpoint - The demand for smart pole-mounted switches is primarily driven by the State Grid Corporation, which is a key player in China's distribution equipment market and has stringent quality and technology requirements for these products. The overall tender volume for smart pole-mounted switches is expected to increase from 63,800 units in 2018 to 232,200 units in 2024, despite fluctuations due to various external factors [1][12][13]. Overview - Smart pole-mounted switches, also known as integrated switches, are installed on overhead distribution lines and feature automation monitoring, remote control, protection, and communication capabilities. They are essential for enhancing the reliability of distribution lines and optimizing grid operation efficiency [2]. Market Policy - The smart pole-mounted switch falls under the category of "C38 Electrical Machinery and Equipment Manufacturing" in China's national economic industry classification. The development of this sector is supported by various government policies aimed at enhancing the safety and efficiency of the power system [5][7]. Industry Chain - The upstream materials for smart pole-mounted switches include switch bodies, insulation modules, current/voltage transformers, and other components, with direct materials accounting for over 90% of costs. The midstream involves manufacturing, while the downstream applications cover various sectors, including urban and rural power grids and renewable energy integration [8][9]. Development Status - The State Grid is the primary customer for smart pole-mounted switches, reflecting the market's development. The tender volume for these switches is expected to show a growth trend, with significant increases projected for 2024 [12][14]. Competitive Landscape - The smart pole-mounted switch industry has a competitive market structure, with numerous participants. In 2024, 255 companies won tenders from the State Grid, with a total bid amount of 9.46 billion yuan. Key players include Keda Intelligent Electric Technology Co., Shanghai Honglida Information Technology Co., and others [16][17]. Industry Representative Analysis - Shanghai Honglida Information Technology Co. reported a total revenue of 979 million yuan and a gross profit of 448 million yuan in 2024, indicating strong performance in the smart distribution network sector [20]. - Jinguang Electric Co. achieved a total revenue of 658 million yuan and a gross profit of 214 million yuan in 2024, focusing on the development of smart high-voltage switchgear and other related products [22]. Development Trends - Future advancements in integrated technology and AI algorithms are expected to enhance the performance and efficiency of smart pole-mounted switches, improving fault detection accuracy and response times. The integration of 5G technology will further optimize operational efficiency in power grid management [24].

Market Overview - The Shanghai Composite Index is at 3701.99 points, with a change of +0.50% [1] - The total trading volume of A-shares is 103.51 billion yuan [1] Technical Analysis - 96 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dengyun Co., Ltd. (002715) with a distance of -1.02% [1] - United Chemical (301209) with a distance of -0.93% [1] - Guangsheng Nonferrous (600259) with a distance of -0.79% [1] Individual Stock Performance - Dengyun Co., Ltd. (002715) has decreased by 2.88% with a latest price of 16.87 yuan [1] - United Chemical (301209) has decreased by 0.17% with a latest price of 92.78 yuan [1] - Guangsheng Nonferrous (600259) has decreased by 0.81% with a latest price of 58.82 yuan [1] - Other notable stocks with declines include: - Guoneng Rixin (301162) down 2.29% [1] - Daqian Energy (688303) down 2.44% [1] - Yijiahe (603666) down 0.43% [1] Additional Stock Data - Stocks with minor declines include: - Ningbo Bank (002142) up 0.25% with a latest price of 28.25 yuan [2] - Huayang New Materials (600281) down 0.59% with a latest price of 6.75 yuan [2] - The overall trend indicates a cautious market sentiment with several stocks experiencing downward pressure [1][2]

证券代码：300477 证券简称：ST 合纵 公告编号：2025-056 合纵科技股份有限公司 关于公司股票被实施其他风险警示相关事项的进展 公告 本公司及董事会全体成员保证公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、被实施其他风险警示暨可能被实施退市风险警示的相关情况 合纵科技股份有限公司(以下简称"公司")2024 年度财务报告内部控制被 中兴财光华会计师事务所（特殊普通合伙）（以下简称"中兴财光华"）出具了 否定意见的审计报告。根据《深圳证券交易所创业板股票上市规则》第 9.4 条第 （四）项规定，公司出现"（四）最近一个会计年度财务报告内部控制被出具无 法表示意见或者否定意见的审计报告，或者未按照规定披露财务报告内部控制审 计报告"的情形，公司股票交易被深圳证券交易所实施其他风险警示；根据《深 圳证券交易所创业板股票上市规则》第 10.4.4 条第（五）项规定，上市公司出 现"首个会计年度财务报告内部控制被出具无法表示意见或者否定意见的审计报 告，或者未按照规定披露财务报告内部控制审计报告"的情形，上市公司应当立 即披露股票交易可能被实施退市风险警示的风险提示公告。具体内 ...

证券代码：300477 证券简称：ST 合纵 公告编号：2025-055 合纵科技股份有限公司 关于部分商业承兑汇票到期未兑付的公告 二、到期未兑付原因说明 受 2024 年度银行授信额度缩减等因素影响，公司及子公司面临阶段性现金 流压力，导致部分商业承兑汇票未能按期兑付。 三、公司拟采取的措施及风险提示 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、部分商业承兑汇票到期未兑付情况 2025 年 7 月 10 日上海票据交易所披露《持续逾期名单（截至 2025 年 6 月 30 日）》，合纵科技股份有限公司（以下简称"公司"）及子公司天津新能电力 科技有限公司（以下简称"天津新能"）被列入上述名单。经核实，截至 2025 年 6 月 30 日，公司及天津新能到期未兑付的商业承兑汇票余额共计 15,698.57 万 元。本次商业承兑汇票到期未兑付余额占公司最近一期经审计净资产的 14.00%。 截至本公告披露日，上述未兑付的余额已完成 335.97 万元的兑付。 序号 出票人 到期未兑付余额 （万元） 1 合纵科技股份有限公司 9,604.00 2 天津新 ...

Group 1: Overview of Cobalt Tetroxide - Cobalt Tetroxide, with the chemical formula Co3O4, is a mixed valence compound containing both divalent and trivalent cobalt, with a theoretical cobalt content of 73.43% and oxygen content of 26.57% [1][2] - It is a crucial raw material for producing lithium cobalt oxide, which is the most commercially viable lithium-ion battery cathode material and has been widely used in high-end consumer electronics due to its high volumetric energy density and excellent packing density [1][2] Group 2: Market Dynamics - In 2024, China's apparent demand for Cobalt Tetroxide is projected to reach 91,000 tons, representing a year-on-year increase of 24% [1][13] - The production of Cobalt Tetroxide in China is expected to be 94,000 tons in 2024, with a growth rate exceeding 20% compared to the previous year [1][10] - The main production regions for Cobalt Tetroxide in China include Hunan, Zhejiang, Fujian, and Hebei, accounting for 82% of total production [1][12] Group 3: Supply and Demand - The supply of Cobalt Tetroxide is expected to increase significantly in 2024, driven by stable demand from major manufacturers and a recovery in the consumer electronics market [1][10] - The first quarter of 2024 saw increased orders for Cobalt Tetroxide due to low inventory levels and pre-holiday stocking, leading to a notable rise in production [1][10] - The demand for Cobalt Tetroxide is closely linked to the performance of lithium cobalt oxide manufacturers, with a notable increase in demand observed in the third quarter of 2024 [1][10] Group 4: Trade and Export - In 2024, China's Cobalt Tetroxide exports are expected to reach 3,509.5 tons, marking a year-on-year increase of 15.1%, while the export value is projected to be $6,385.4 million, down 17.9% [1][16] - South Korea is the largest destination for China's Cobalt Tetroxide exports, accounting for 61.4% of total exports, followed by Spain and Belgium [1][17] Group 5: Industry Structure - The domestic market for Cobalt Tetroxide is characterized by high concentration, with major players including Zhongwei Co., Huayou Cobalt, and Greeenme, which together hold over 50% of the market share [1][20] - Zhongwei Co. is recognized as the largest supplier of Cobalt Tetroxide globally [1][20] Group 6: Cobalt Tetroxide Applications - Cobalt Tetroxide is primarily used to produce lithium cobalt oxide, which is a key component in lithium-ion batteries, and its quality significantly impacts the performance and cost of the final product [1][28] - The production of lithium-ion batteries in China is expected to continue its growth trend, with total production reaching 1,170 GWh in 2024, a 24% increase year-on-year [1][30]

Group 1 - The company has received a negative audit opinion on its internal control for the 2024 financial report from Zhongxing Caiguanghua Accounting Firm, leading to a risk warning on its stock trading [1][2] - According to the Shenzhen Stock Exchange rules, the company is at risk of being delisted due to the negative audit opinion on its internal control [1][2] - The company is required to disclose potential delisting risk warnings immediately following the issuance of the negative audit opinion [1] Group 2 - The company's board is taking the negative audit opinion seriously and is implementing measures to address the issues raised [2] - Measures include strengthening internal control systems, enhancing communication between financial and operational staff, and improving the quality of financial reporting [2][3] - The company will conduct regular training for all employees to ensure compliance with laws and regulations, thereby fostering a strong internal control culture [3]

证券代码：300477 证券简称：ST 合纵 公告编号：2025-053 合纵科技股份有限公司 关于转让浙江盈联科技有限公司股权的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 重要提示 1、由于合纵科技股份有限公司（以下简称"公司"）的控股公司天津市茂联科技 有限公司（以下简称"天津茂联"）持有的浙江盈联科技有限公司（以下简称"浙江 盈联"）100%股权存在冻结、质押担保情形，如未能及时解除上述情形，可能导致本 次交易无法正常进行，本次交易事项最终能否成功实施尚存在不确定性。敬请广大投 资者谨慎决策，注意投资风险。 2、本次交易对方永康森韬科技有限公司（以下简称"森韬科技"）及其实际控制 人的资产与信用状况良好，具备履约能力，公司将及时督促交易对方按合同约定支付 股权转让款。虽然交易各方就本次交易方案进行了充分沟通并达成一致，但若各方未 能按照合同约定及时履行相应的权利义务，或者发生一些不可抗力，将可能带来交易 方案无法顺利实施的风险，公司将按照相关法律法规要求及时履行信息披露义务。 一、交易概述 1、天津茂联持有浙江盈联100.00%股权。为进一步优 ...

证券代码：300477 证券简称：ST 合纵 公告编号：2025-052 合纵科技股份有限公司 第七届董事会第六次会议决议公告 审议通过《关于转让浙江盈联科技有限公司股权的议案》 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 合纵科技股份有限公司（以下简称"公司"）第七届董事会第六次会议于2025 年7月2日在公司会议室以通讯表决方式召开。会议的通知于2025年6月29日以邮 件、微信等方式送达给全体董事。公司应出席会议董事九人，实际出席会议并表 决的董事九人。会议由董事长刘泽刚主持，监事会成员、董事会秘书及公司其他 高管列席了会议。会议的召开符合《公司法》和《公司章程》的有关规定。 为进一步优化公司资产结构，化解公司经营风险，结合自身战略规划和业务 发展情况，控股公司天津市茂联科技有限公司（以下简称"天津茂联"）以 55,089,748.54元人民币的对价将其持有的浙江盈联科技有限公司（以下简称"浙 江盈联"）100.00%的股权转让给永康森韬科技有限公司。本次交易完成后，天 津茂联不再持有浙江盈联股权，浙江盈联不再纳入天津茂联及上市公司的合并报 表范围 ...