证券代码：301358 证券简称：湖南裕能 公告编号：2025-029 湖南裕能新能源电池材料股份有限公司 2024 年年度权益分派实施公告 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、误导性陈述或重大遗漏。 湖南裕能新能源电池材料股份有限公司（以下简称"公司"或"本公司"） 2024 年年度权益分派方案已获 2025 年 4 月 18 日召开的 2024 年度股东大会审议 通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 1、公司 2024 年度股东大会审议通过的利润分配方案为：以公司现有总股本 757,253,070 股为基数，向全体股东每 10 股派发现金 1.57 元（含税），共计派发 现金红利 118,888,731.99 元（含税）。本次利润分配预案实施后，公司剩余未分 配利润结转至以后年度，本年度不送红股，不以资本公积转增股本。若在本次利 润分配预案披露之日起至实施权益分派股权登记日期间公司总股本发生变动的， 公司则以未来实施分配预案时股权登记日的总股本为基数，按照现金分红分配比 例不变的原则对现金分红总额进行相应调整。 本公司 2024 年 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a Q1 2025 revenue of 6.76 billion yuan, representing a year-on-year increase of 49.6% and a quarter-on-quarter increase of 0.6%. However, the net profit attributable to the parent company was 90 million yuan, a year-on-year decrease of 40.6% and a quarter-on-quarter decrease of 8.4% [2][4]. - The company achieved a shipment of approximately 223,000 tons of lithium iron phosphate materials, a year-on-year increase of 63.68%. The sales in the energy storage sector accounted for about 38%, and new product sales were approximately 82,000 tons, accounting for about 37% [8]. - The company is expected to maintain a rapid year-on-year growth rate throughout the year, with anticipated improvements in profitability due to price adjustments and structural changes in product offerings [8]. Summary by Sections Financial Performance - Q1 2025 revenue was 6.76 billion yuan, up 49.6% year-on-year and 0.6% quarter-on-quarter. The net profit attributable to the parent company was 90 million yuan, down 40.6% year-on-year and 8.4% quarter-on-quarter. The non-recurring net profit was 80 million yuan, down 44.1% year-on-year and 10.0% quarter-on-quarter [2][4]. - The estimated single-ton profit for Q1 2025 faced pressure due to rising costs of iron and phosphorus sources, as well as the decline in lithium carbonate prices [8]. Market Outlook - The company is expected to see continued growth in production and sales, with a projected net profit of approximately 1.5 billion yuan for 2025. The anticipated price increases from "processing fees + discount coefficient adjustments" are expected to further enhance profitability in Q2 [8]. - The company's integrated layout and new product iterations are expected to provide high elasticity in product unit profitability [8].

Investment Rating - The investment rating for Hunan YN is "Buy" (maintained) [1] Core Views - The company reported a significant decline in revenue for 2024, with a total revenue of 22.6 billion yuan, down 45.4% year-on-year, primarily due to the drop in lithium carbonate prices affecting the pricing of cathode materials [4] - The net profit attributable to the parent company for 2024 was 594 million yuan, a decrease of 62.45% year-on-year, with a non-recurring net profit of 570 million yuan, also down 62.44% [4] - In Q1 2025, the company achieved a revenue of 6.76 billion yuan, an increase of 49.6% year-on-year, driven by a 63.68% increase in phosphate cathode material sales [4] - The company maintained its leading market share in lithium iron phosphate, with a total sales volume of 711,000 tons in 2024, up 40.2% year-on-year [5] - The company is advancing its capacity construction and cost reduction initiatives, with projects in Guizhou and Spain, and is exploring markets in Southeast Asia and North America [6] Financial Summary - The projected revenues for 2025, 2026, and 2027 are 31.9 billion yuan, 39.65 billion yuan, and 45.22 billion yuan, respectively, with year-on-year growth rates of 41.2%, 24.3%, and 14.0% [8] - The net profit attributable to the parent company is expected to rise to 1.69 billion yuan in 2025, 2.27 billion yuan in 2026, and 2.59 billion yuan in 2027, reflecting year-on-year growth rates of 184.7%, 34.2%, and 14.2% [8] - The company's P/E ratios for 2025, 2026, and 2027 are projected to be 13.42x, 10.01x, and 8.76x, respectively [7][8]

Investment Rating - The investment rating for Hunan YN is maintained as "Buy" [1] Core Views - The company reported a significant decline in revenue for 2024, with a total revenue of 22.6 billion yuan, down 45.4% year-on-year, primarily due to the drop in lithium carbonate prices affecting the pricing of cathode materials [4] - The net profit attributable to the parent company for 2024 was 594 million yuan, a decrease of 62.45% year-on-year, with a negative operating cash flow of 1.04 billion yuan due to increased inventory [4] - In Q1 2025, the company achieved a revenue of 6.76 billion yuan, up 49.6% year-on-year, driven by a 63.68% increase in phosphate cathode material sales [4] - The company has seen a steady increase in lithium iron phosphate sales, with a total of 711,000 tons sold in 2024, marking a 40.2% year-on-year increase, maintaining the industry's leading market share [5] - The company is advancing its capacity construction to reduce costs and enhance efficiency, with projects in Guizhou and Spain underway, and is exploring markets in Southeast Asia and North America [6] - The company’s technology and scale advantages are expected to drive future profitability, with projected net profits of 1.69 billion yuan, 2.27 billion yuan, and 2.59 billion yuan for 2025, 2026, and 2027 respectively [7] Financial Summary - For 2024, the company reported a revenue of 22.6 billion yuan and a net profit of 594 million yuan, with a gross margin of 7.8% [8] - The projected revenues for 2025, 2026, and 2027 are 31.9 billion yuan, 39.65 billion yuan, and 45.22 billion yuan respectively, with corresponding net profits of 1.69 billion yuan, 2.27 billion yuan, and 2.59 billion yuan [8] - The company’s P/E ratios for 2025, 2026, and 2027 are projected to be 13.42x, 10.01x, and 8.76x respectively, indicating a favorable valuation trend [8]

Core Viewpoint - The announcement details the public disclosure and verification of the list of incentive recipients for the 2024 restricted stock incentive plan by Hunan YN Energy Battery Materials Co., Ltd, ensuring compliance with relevant regulations and confirming that no objections were raised during the public notice period [1][2][3] Disclosure and Verification - The company published the list of proposed incentive recipients and their positions on April 29, 2025, on the designated information disclosure website and internally through its OA system, allowing for feedback from stakeholders [1][2] - The verification process included checking the identity documents, employment contracts, and positions held by the proposed incentive recipients [2] Supervisory Board's Verification Opinion - The supervisory board confirmed that all proposed incentive recipients meet the qualifications set forth in relevant laws, regulations, and the company's articles of association, ensuring their eligibility for the incentive plan [2][3] - Specific disqualifications were outlined, including being deemed inappropriate by the stock exchange or regulatory bodies within the last 12 months, or having legal restrictions on serving as company directors or senior management [2]

证券代码：301358 证券简称：湖南裕能 公告编号：2025-028 湖南裕能新能源电池材料股份有限公司 监事会关于 2024 年限制性股票激励计划 预留授予激励对象名单的公示情况说明及核查意见 本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。 湖南裕能新能源电池材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第二届董事会第十二次会议和第二届监事会第十二次会议审议通过了 《关于向激励对象授予预留限制性股票的议案》等相关议案，根据《上市公司股 权激励管理办法》（以下简称"《管理办法》"）《深圳证券交易所创业板股票上 市规则》（以下简称"《上市规则》"）《深圳证券交易所创业板上市公司自律监 管指南第 1 号——业务办理》（以下简称"《自律监管指南 1 号》"）和《公司章 程》等相关规定，公司对 2024 年限制性股票激励计划（以下简称"本次激励计 划"）预留授予激励对象的名单和职务在公司内部进行了公示，公司监事会结合 公示情况对激励对象人员名单进行了核查，相关情况如下： 一、公示情况及核查方式 1、公司对激励对象名单的公示情况 公司于 2 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report indicates that the company's Q1 single-ton profit has bottomed out, and price increases are expected to lead to a turning point [8] - The company is projected to maintain a shipment growth of 30-40% in 2025, with a significant increase in high-end product shipments [8] - The report anticipates an improvement in unit profitability due to price increases and cost control measures [8] Financial Forecasts - Total revenue is forecasted to be 41,358 million in 2023, with a decline of 3.35% year-on-year, followed by a significant recovery in 2024 with a projected revenue of 22,599 million, representing a 45.36% decline [1] - The net profit attributable to the parent company is expected to be 1,580.63 million in 2023, with a year-on-year decrease of 47.44%, but is projected to rebound to 1,544.16 million in 2025, reflecting a growth of 160.16% [1] - The earnings per share (EPS) is expected to be 2.09 in 2023, dropping to 0.78 in 2024, and recovering to 2.04 in 2025 [1] Market Data - The closing price of the stock is 30.92, with a market capitalization of 23,414.26 million [5] - The price-to-earnings (P/E) ratio is currently at 14.81, expected to drop to 7.75 by 2027 [1][5] Operational Insights - The company achieved a significant increase in shipments of iron-lithium products, with a total of 22.3 million tons shipped in Q1 2025, marking a 64% year-on-year increase [8] - The gross margin for Q1 2025 was reported at 5.5%, with expectations for further improvement in profitability in Q2 due to price adjustments [8]

上海荣正企业咨询服务（集团）股份有限公司 独立财务顾问报告 证券简称：湖南裕能 证券代码：301358 上海荣正企业咨询服务（集团）股份有限公司 关于 湖南裕能新能源电池材料股份有限公司 2024 年限制性股票激励计划 预留授予相关事项 之 独立财务顾问报告 | | | 2025 年 4 月 1 上海荣正企业咨询服务（集团）股份有限公司 独立财务顾问报告 $$-\gamma_{\mu}\gamma_{\nu}$$ | 湖南裕能、本公司、公 | 指 | 湖南裕能新能源电池材料股份有限公司（含子公司及分公 | | --- | --- | --- | | 司、上市公司 | | 司） | | 本激励计划、本计划、 | 指 | 年限制性股票激励计划（草案修订稿） 2024 | | 股权激励计划 | | | | 《激励计划》 | 指 | 《2024 年限制性股票激励计划（草案修订稿）》 | | 独立财务顾问、财务顾 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 问 | | | | 限制性股票、第二类限 | 指 | 符合本激励计划授予条件的激励对象，在满足相应归属条 | | 制性股票 | | 件后分次获得并 ...

证券代码：301358 证券简称：湖南裕能 公告编号：2025-025 监事会认为，董事会编制和审核 2025 年第一季度报告的程序符合相关规定， 报告内容真实、准确、完整地反映了公司的实际情况，不存在虚假记载、误导性 陈述或者重大遗漏。 具体内容详见公司同日刊载于巨潮资讯网的《2025 年第一季度报告》。 第二届监事会第十二次会议决议公告 本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。 一、监事会会议召开情况 湖南裕能新能源电池材料股份有限公司（以下简称"公司"）第二届监事会 第十二次会议于 2025 年 4 月 28 日以通讯表决的方式召开，会议通知于 2025 年 4 月 25 日以电话、微信等方式发出。本次会议应参加监事 3 人，实际参加监事 3 人。会议的召开符合《中华人民共和国公司法》（以下简称"《公司法》"）和 《公司章程》的规定。 二、监事会会议审议情况 经各位监事审议表决，通过如下决议： 1、通过《2025 年第一季度报告》 湖南裕能新能源电池材料股份有限公司 表决结果：同意 3 票，反对 0 票，弃权 0 票。 2、通过《关于向激励对象授予 ...

证券代码：301358 证券简称：湖南裕能 公告编号：2025-024 湖南裕能新能源电池材料股份有限公司 第二届董事会第十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 湖南裕能新能源电池材料股份有限公司（以下简称"公司"）第二届董事会 第十二次会议于 2025 年 4 月 28 日以通讯表决的方式召开，会议通知于 2025 年 4 月 25 日以电话、微信等方式发出。本次会议应参加董事 9 人，实际参加董事 9 人。会议的召开符合《中华人民共和国公司法》和《公司章程》的规定。 二、董事会会议审议情况 经各位董事审议表决，通过如下决议： 1、通过《2025 年第一季度报告》 具体内容详见公司同日刊载于巨潮资讯网的《2025 年第一季度报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 公司董事会审计委员会审议通过了该议案。 2、通过《关于向激励对象授予预留限制性股票的议案》 根据《上市公司股权激励管理办法》《2024 年限制性股票激励计划（草案 修订稿）》的有关规定以及公司 2023 年度股东大会的授权， ...