证券代码：301219 证券简称：腾远钴业 公告编号：2025-026 赣州腾远钴业新材料股份有限公司 （一）活动时间：2025 年 5 月 21 日（星期三）15：30-17：00 （二）活动方式：网络远程 （三）参与方式： 1、登录深圳证券交易所"互动易"平台（http://irm.cninfo.com.cn）， 进入"云访谈"栏目参与 2024 年度网上业绩说明会。 关于举办 2024 年年度网上业绩说明会及参加江西辖区上市公司 2025 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 赣州腾远钴业新材料股份有限公司（以下简称"公司"）《2024 年年度报告》 全文及摘要已于 2025 年 4 月 21 日在巨潮资讯网（www.cninfo.com.cn）披露。 为加强与投资者的互动交流，让广大投资者进一步了解公司情况，公司将于 2025 年 5 月 21 日（星期三）15：30-17：00 举办 2024 年度网上业绩说明会，并参加 江西辖区上市公司 2025 年投资者网上集体接待日活动，现将有关事项公告如下： 一、活 ...

赣州腾远钴业新材料股份有限公司 第四届董事会第一次会议决议公告 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。 一、董事会会议召开情况 证券代码：301219 证券简称：腾远钴业 公告编号：2025-024 赣州腾远钴业新材料股份有限公司（以下简称"公司"）第四届董事会第一 次会议（以下简称"会议"）于 2025 年 5 月 13 日在公司会议室以现场结合通讯表 决的方式召开。根据《公司章程》的规定"情况紧急，需要尽快召开董事会临 时会议的，可以随时发出会议通知，但召集人应当在会议上作出说明"，会议 通知于 2025 年 5 月 13 日召开的公司 2024 年年度股东大会换届选举第四届董事 会董事取得表决结果后，以现场通知、电话等形式送达至全体董事。经全体董 事共同推举，会议由董事罗洁女士主持，应出席董事 11 名，实际本人出席的董 事 11 人，其中王泰元先生、张守卫先生、赖丹女士、张济柳女士以通讯方式 出席会议，公司高级管理人员列席了会议。会议的召集和召开符合《公司法》 《证券法》等有关法律、法规和《公司章程》的规定，所作决议合法有效。 二、会议审议情况 ...

福建天衡联合（福州）律师事务所 关于赣州腾远钴业新材料股份有限公司 2024 年年度股东大会的 法律意见书 关于赣州腾远钴业新材料股份有限公司 2024 年年度股东大会的 法律意见书 〔2025〕天衡福顾字第 0037 号-02 号 致：赣州腾远钴业新材料股份有限公司 引 言 福建天衡联合（福州）律师事务所接受赣州腾远钴业新材料股份有限公司（以 下简称"公司"）的委托，指派本所律师参加公司 2024 年年度股东大会（以下简称 "本次会议"），并根据《中华人民共和国公司法》《中华人民共和国证券法》、中国 证券监督管理委员会《上市公司股东会规则》《深圳证券交易所创业板股票上市规 则》和《深圳证券交易所上市公司股东大会网络投票实施细则》等法律、法规和规 范性文件以及《赣州腾远钴业新材料股份有限公司章程》（以下简称《公司章程》） 的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，并基于律师 声明事项，就本次会议的相关事项出具本法律意见书。 - 1 - 法律意见书 律师声明事项 本所及本所律师依据《中华人民共和国证券法》《律师事务所从事证券法律业 务管理办法》和《律师事务所证券法律业务执业规则》等规定及本法 ...

证券代码：301219 证券简称：腾远钴业 公告编号：2025-023 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开的时间： （1）现场召开时间：2025 年 5 月 13 日（星期二）下午 2 时 30 分； 赣州腾远钴业新材料股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无增加、变更、否决议案的情况； （2）网络投票时间：2025 年 5 月 13 日。其中，通过深圳证券交易所交易 系统进行网络投票的时间为：上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的时间为：9:15-15:00 期间的任意时 间。 2、现场会议召开地点：江西省赣州市赣县区赣州高新技术产业开发区稀金 大道 9 号腾远钴业办公楼会议室。 3、会议召开的方式：本次股东大会采取现场投票与网络投票相结合的方式。 4、会议的召集人：公司董事会。 5、现场会议的主持人：董事长罗洁女士。 6、会议的出席情况 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the energy metals sector, particularly lithium, nickel, and cobalt companies, highlighting their financial performance and market dynamics in 2024 and early 2025 [1][2][3]. Core Insights and Arguments - **Financial Performance**: In 2024, Tianqi Lithium and Ganfeng Lithium reported losses of 7.9 billion yuan and 2.1 billion yuan respectively, primarily due to declining lithium prices. The industry's profitability is increasingly reliant on non-energy metal businesses or hedging strategies [1][2]. - **Market Recovery Signs**: By Q1 2025, there are indications of improvement in energy metal companies' performance, with Tianqi Lithium returning to profitability, suggesting a potential recovery despite ongoing challenges in the lithium market [3]. - **Lithium Market Dynamics**: The lithium market is facing downward pressure, with prices challenging the critical support level of 70,000 yuan. Recent prices for battery-grade lithium carbonate have dipped below this threshold, impacting the entire supply chain [4][9]. - **Cost Reduction Limitations**: The industry has exhausted many cost-cutting measures, with limited new strategies emerging. Projects like the lithium sulfate plant in Zimbabwe are being approached cautiously due to low price levels affecting investment decisions [5][8]. - **Nickel Market Outlook**: Nickel companies are expected to see improved performance in Q2 2024, benefiting from rising prices that have not yet fully reflected in stock valuations [6][7]. - **Cobalt Export Regulations**: The Democratic Republic of Congo's (DRC) cobalt export control policies are under evaluation, with potential extensions of export bans if pricing expectations are not met. This could significantly impact market dynamics and stock prices [12][13][15]. Additional Important Insights - **Supply Chain Challenges**: The DRC's export controls and the exit of major players like Zijin Mining complicate the nickel supply chain, leading to procurement difficulties and increased costs [11]. - **Cobalt Inventory Concerns**: Current cobalt inventories are low, and the market is experiencing operational disruptions due to export bans, which could lead to price surges if supply constraints persist [14][15]. - **Rare Earth Export Restrictions**: New export bans on heavy rare earths are causing significant disruptions in the magnetic materials industry, with potential long-term impacts on production and supply chains [17][19]. - **Investment Opportunities**: Companies like Huayou Cobalt, Hanrui Cobalt, and others are expected to benefit from improved performance in the cobalt and nickel sectors, especially if they can effectively hedge against price declines [16][21]. Conclusion - The energy metals sector is navigating a challenging landscape characterized by price volatility, regulatory changes, and supply chain disruptions. However, there are signs of recovery and potential investment opportunities as companies adapt to these challenges and explore new strategies for profitability.

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown significant performance improvement, focusing on integrated industrial development. In 2024, the company achieved operating revenue of 6.542 billion yuan, a year-on-year increase of 18.02%, and a net profit attributable to shareholders of 685 million yuan, a substantial increase of 81.24% year-on-year [4][6] - The company is accelerating new technology development and continues to advance its integrated layout. It has established production capacities for 20,000 tons of ternary precursors and 10,000 tons of cobalt oxide, ensuring stable supply of cobalt sulfate solution, nickel sulfate solution, manganese sulfate solution, and cobalt chloride solution [5] Financial Performance Summary - In Q1 2025, the company reported operating revenue of 1.461 billion yuan, a year-on-year decrease of 3.59%, and a net profit of 123 million yuan, down 14.27% year-on-year. The net profit attributable to shareholders for Q4 2024 was 67.78 million yuan, a decline of 50.52% year-on-year [4][6] - The company forecasts net profits for 2025-2026 to be 875 million yuan, 1.082 billion yuan, and 1.326 billion yuan respectively, with corresponding P/E ratios of 15, 12, and 10 [6][8] - Key financial metrics for 2024 include a gross margin of 22.1%, a return on equity (ROE) of 7.8%, and earnings per share (EPS) of 2.33 yuan [8]

Investment Rating - Investment Rating: Buy (Maintained) [1] Core Views - The company reported significant performance improvement, achieving a revenue of 6.542 billion yuan in 2024, representing a year-on-year growth of 18.02%, and a net profit attributable to shareholders of 685 million yuan, which increased by 81.24% year-on-year [4][6] - In Q1 2025, the company generated a revenue of 1.461 billion yuan, a decrease of 3.59% year-on-year, and a net profit of 123 million yuan, down 14.27% year-on-year [4] - The company is accelerating new technology development and continues to promote integrated layout, with significant production capacity achieved in various cobalt-related products [5] Financial Performance Summary - 2024 Revenue: 6.542 billion yuan, 2025E Revenue: 7.461 billion yuan, 2026E Revenue: 8.394 billion yuan, 2027E Revenue: 9.044 billion yuan [8] - 2024 Net Profit: 685 million yuan, 2025E Net Profit: 875 million yuan, 2026E Net Profit: 1.082 billion yuan, 2027E Net Profit: 1.326 billion yuan [8] - Gross Margin: 22.1% in 2024, expected to rise to 24.8% by 2026 [8] - P/E Ratio: 19.40 in 2024, decreasing to 10.05 by 2027 [8] - ROE: 7.8% in 2024, projected to reach 10.9% by 2027 [8]

➢ 钴：产能扩张产销增加，毛利率逆势提升。1）量：24 年钴产品产量 2.1 万 吨，同比+31.5%，销量 1.9 万吨，同比+22.8%，主要由于国内钴产能扩张；2） 库存：截至 24 年底，钴产品库存 2199 吨，同比增加 1397 吨；3）价：24 年国 内金属钴均价 18.4 万元/吨，同比-27.8%，其中 24Q4 均价 16.3 万元/吨，环 比-4.1%；25Q1 钴均价 17.2 万元/吨，环比+5.5%；4）利：尽管钴价下跌，24 年钴产品毛利率 7.6%，同比+4.1pct，我们预计主要由于公司在钴价低迷时主动 调整产品结构，增加氯化钴和电钴产量。 腾远钴业（301219.SZ）2024 年年报及 2025 年一季报点评 业绩高增长，期待铜钴同步扩产 2025 年 04 月 24 日 ➢ 事件：公司发布 2024 年年报及 2025 年一季报。1）业绩：2024 年公司实 现营收 65.4 亿元，同比+18.0%，归母净利 6.9 亿元，同比+81.2%，扣非归母 净利 6.7 亿元，同比+83.4%；单季度看，24Q4 实现营收 16.5 亿元，同比+5.2%， 环比-2.0%，归 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected relative increase of over 15% compared to the benchmark index [6][8]. Core Views - The company has demonstrated significant revenue growth, with a 2024 revenue of 6.54 billion yuan, up 18% year-on-year, and a net profit of 690 million yuan, up 81.2% year-on-year [3]. - The copper and cobalt production capacities are expected to expand simultaneously, which is anticipated to sustain high growth in performance [5][6]. Financial Performance Summary - **2024 Performance**: - Revenue: 6.54 billion yuan, +18.0% YoY - Net Profit: 690 million yuan, +81.2% YoY - Q4 2024 Revenue: 1.65 billion yuan, +5.2% YoY, -2.0% QoQ - Q1 2025 Revenue: 1.46 billion yuan, -3.6% YoY, -11.6% QoQ [3][4]. - **Copper Segment**: - 2024 copper production: 55,000 tons, +9.8% YoY - 2024 copper sales price: 63,000 yuan/ton, +10.5% YoY - 2024 copper product gross margin: 33.6%, +3.1 percentage points YoY [4]. - **Cobalt Segment**: - 2024 cobalt production: 21,000 tons, +31.5% YoY - 2024 cobalt sales price: 184,000 yuan/ton, -27.8% YoY - 2024 cobalt product gross margin: 7.6%, +4.1 percentage points YoY [5]. Future Projections - The company projects net profits of 910 million yuan in 2025, 1.12 billion yuan in 2026, and 1.43 billion yuan in 2027, with corresponding PE ratios of 15, 12, and 9 [6][7]. - Revenue is expected to grow to 9.11 billion yuan in 2025, reflecting a growth rate of 39.3% [7][12]. Investment Recommendations - The report suggests that the ongoing expansion in copper production and the anticipated increase in cobalt prices due to supply constraints in the Democratic Republic of Congo will positively impact the company's profitability [6][5].