Financial Performance - The company's revenue for Q3 2024 was ¥5,097,539,230.04, a decrease of 54.28% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥101,403,717.11, down 66.56% year-over-year[2] - The basic earnings per share for Q3 2024 was ¥0.13, reflecting a decline of 67.50% compared to the previous year[2] - Total operating revenue for Q3 2024 was CNY 15,879,155,826, a decrease of 53.8% compared to CNY 34,328,268,260 in the same period last year[14] - Net profit for Q3 2024 was CNY 489,090,380.95, a significant decline of 68.3% from CNY 1,541,778,587.37 in Q3 2023[14] - Basic earnings per share for Q3 2024 were CNY 0.65, down from CNY 2.16 in the same quarter last year, representing a decline of 69.9%[15] - The total comprehensive income for Q3 2024 was CNY 495,036,566.06, a decrease from CNY 1,541,778,587.37 in Q3 2023[15] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥27,526,645,214.00, representing a 2.73% increase from the end of the previous year[2] - The company reported a total liability of CNY 16,004,062,849.35, an increase of 3.4% from CNY 15,478,861,790.09 year-over-year[15] - The company’s non-current assets totaled approximately ¥13.48 billion, an increase from ¥12.62 billion, reflecting a growth of about 6.9%[12] Cash Flow - The cash flow from operating activities showed a net outflow of ¥246,331,556.23, a decline of 124.62% compared to the same period last year[5] - Cash flow from operating activities was CNY 7,760,983,948.49, down from CNY 12,647,683,917.88 in the previous year, indicating a decrease of 38.5%[16] - The net cash flow from operating activities for Q3 2024 was -246,331,556.23 CNY, compared to 1,000,612,727.76 CNY in Q3 2023, indicating a significant decline[17] - The total cash and cash equivalents at the end of Q3 2024 stood at 585,795,974.53 CNY, down from 1,809,413,758.46 CNY at the end of Q3 2023[17] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 90.68% to ¥2,526,171,118.34 due to increased production and sales scale[5] - Short-term borrowings rose to approximately ¥1.72 billion from ¥900 million, indicating an increase of about 91.1%[12] - The company’s short-term borrowings increased by 90.96% to ¥1,719,061,599.23, indicating a rise in financing activities[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,736, with the top 10 shareholders holding a combined 44.27% of the shares[6] - The largest shareholder, Xiangtan Electric Chemical Group Co., Ltd., holds 10.11% of the shares, amounting to 76,566,514 shares, which are all pledged[6] - The company has a total of 623,911,330 shares, with 250,913,906 shares being subject to lock-up agreements[9] - The top 10 unrestricted shareholders include BYD Company Limited, holding 29,923,070 shares, which are all unrestricted[6] Strategic Initiatives - The company plans to invest in a copper smelting project with an annual capacity of 500,000 tons and additional projects for 300,000 tons of iron phosphate and high-energy density phosphate materials[10] - The company signed a strategic cooperation agreement with the Guizhou provincial government for the investment projects[10] - The company adjusted the stock incentive plan, reducing the grant price from ¥17.43 to ¥17.012 per share and the total number of shares granted from 15.15 million to 14.72 million[10] Research and Development - Research and development expenses for Q3 2024 were CNY 206,687,065.75, a decrease of 29.4% compared to CNY 293,017,284.80 in Q3 2023[14] - The company has no new product launches or technological developments reported in the current quarter[7] Market and Performance Guidance - There are no significant market expansion or acquisition strategies mentioned in the report[7] - The company has not indicated any changes in performance guidance for the upcoming quarters[7] - The report does not provide specific user data or performance metrics for the current quarter[7] - There are no updates on new strategies or initiatives beyond shareholder information and stock performance[7] Audit and Accounting Standards - The company did not undergo an audit for the Q3 2024 report[18] - The company is implementing new accounting standards starting from 2024, which may affect future financial reporting[18]

证券代码：301358 证券简称：湖南裕能 公告编号：2024-056 经各位董事审议表决，通过如下决议： 1、通过《2024 年第三季度报告》 具体内容详见公司同日刊载于巨潮资讯网的《2024 年第三季度报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 湖南裕能新能源电池材料股份有限公司 第二届董事会第九次会议决议公告 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 第九次会议于 2024 年 10 月 28 日以通讯表决的方式召开，会议通知于 2024 年 10 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 特此公告。 公司董事会审计委员会已审议通过了该议案。 2、通过《关于首次公开发行股票募集资金投资项目结项并将节余募集资金 永久补充流动资金的议案》 1 金投资项目结项并将节余募集资金永久补充流动资金的公告》。 表决结果：同意 ...

证券代码：301358 证券简称：湖南裕能 公告编号：2024-057 湖南裕能新能源电池材料股份有限公司 第二届监事会第九次会议决议公告 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 2、通过《关于首次公开发行股票募集资金投资项目结项并将节余募集资金 永久补充流动资金的议案》 监事会认为，公司将首次公开发行股票募集资金投资项目结项并将节余募集 资金永久补充流动资金，有利于提高公司资金使用效率，符合公司经营发展需要， 1 不存在变相改变募集资金投向和损害股东利益的情况，且决策程序符合相关法律 法规的规定，同意公司将首次公开发行股票募集资金投资项目结项并将节余募集 资金永久补充流动资金的事项。 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 第九次会议于 2024 年 10 月 28 日以通讯表决的方式召开，会议通知于 2024 年 10 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》和《公司章程》的规定。 二、监事会会议审议情况 经各位监 ...

证券代码：301358 证券简称：湖南裕能 公告编号：2024-059 湖南裕能新能源电池材料股份有限公司 关于首次公开发行股票募集资金投资项目结项并将 节余募集资金永久补充流动资金的公告 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 2024 年 10 月 28 日召开第二届董事会第九次会议、第二届监事会第九次会议，分别审议通过 了《关于首次公开发行股票募集资金投资项目结项并将节余募集资金永久补充流 动资金的议案》，鉴于公司首次公开发行股票募集资金投资项目（以下简称"募 投项目"）均已达到预计可使用状态，同意公司将首次公开发行股票募集资金投 资项目予以结项，并将节余募集资金 7,269.32 万元永久补充流动资金（含利息和 现金管理的净收入，具体金额以专户资金转出当日余额为准），同时注销相关募 集资金专户。本事项无需提交股东大会审议。具体内容公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意湖南裕能新能源电池材料股份有限 公司首次公开发行股票注册的批复》（证监许可〔2022〕23 ...

Summary of Conference Call Company and Industry Involved - The conference call primarily discusses the **energy storage and battery industry**, with a focus on **Yuneng (裕能)**, a leading company in this sector. Key Points and Arguments Industry Overview - The electronic industry is currently experiencing a **triple bottom**: valuation bottom, performance bottom, and cycle bottom, indicating a potential recovery phase ahead [1] - Market confidence in demand growth for the upcoming year is crucial for stock price recovery, with expectations of over **20% growth** in the industry [1] - The **temporary segment** of the industry is highlighted as having the highest growth certainty in both supply and demand [1] Company Performance - Yuneng's market share has increased from **32%** in 2022 to **34%** in the first half of 2023, indicating a strong upward trend [2] - The company is expected to achieve a shipment volume of over **1 million tons** in the upcoming year, supported by a robust order backlog [4] - Daily orders for Yuneng have surged to approximately **3,000 tons**, translating to an annualized shipment rate of **100,000 tons** [4] Supply and Demand Dynamics - The industry’s capacity utilization is currently around **60%**, with expectations to improve to **70%** as supply-demand dynamics stabilize [2] - New product launches, such as BYD's second-generation blade battery, are anticipated to support demand for fast-charging solutions [3] - The introduction of advanced manufacturing processes, such as **two-step processing**, is expected to enhance product quality and efficiency for Yuneng [3] Pricing Strategy - Yuneng is implementing a **price increase strategy** by prioritizing orders based on customer segments, which is seen as a form of indirect price increase [4] - The company is positioned to benefit from a potential industry-wide price recovery, driven by technological advancements and product differentiation [5] Financial Outlook - Yuneng's projected single-unit profit is expected to rise from approximately **1,500** to **2,000** per ton in the next year, potentially leading to a profit of around **2 billion** after accounting for various adjustments [6] - The company's current valuation is considered attractive, trading at around **14-15 times** earnings, making it a suitable investment opportunity [7] Other Important Insights - The industry is witnessing a **decrease in competition** as fewer companies can meet the stringent requirements for high-density products, consolidating market power among leading firms like Yuneng [6] - The demand for energy storage solutions is increasing, with higher efficiency and density requirements becoming critical metrics for success in the sector [6] This summary encapsulates the key insights from the conference call, highlighting the current state and future outlook of Yuneng and the broader energy storage industry.

证券时报e公司讯，湖南裕能(301358)10月21日晚间公告，近日，公司全资子公司贵州裕能新能源电池 材料有限公司下属控股子公司贵州裕能矿业有限公司（简称"贵州裕能矿业"）已完成打石场磷矿首采地 段探矿权转采矿权相关工作，并取得贵州省自然资源厅颁发的《采矿许可证》。 截止2024年5月30日，本次打石场磷矿勘查区范围内（首采地段）估算（估算标高+935m—+200m）磷 矿石总资源量3708.8万吨，其中探明资源量2186.0万吨，控制资源量1048.4万吨，推断资源量474.4万 吨。 ...

1 1、证号：C5200002024096110157515 2、采矿权人：贵州裕能矿业有限公司 3、矿山名称：贵州裕能矿业有限公司福泉打石场磷矿 4、经济类型：其他有限责任公司 5、开采矿种：磷矿 6、开采方式：地下开采 7、生产规模：250 万吨/年 8、矿区面积：0.2398 平方公里 证券代码：301358 证券简称：湖南裕能 公告编号：2024-055 湖南裕能新能源电池材料股份有限公司 关于子公司取得采矿许可证的公告 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"）全资子公司贵 州裕能新能源电池材料有限公司下属控股子公司贵州裕能矿业有限公司（以下简 称"贵州裕能矿业"）2023 年竞得贵州省福泉市打石场磷矿探矿权（以下简称 "打石场磷矿探矿权"）和贵州省福泉市道坪镇黄家坡磷矿探矿权。2024 年 4 月，贵州裕能矿业取得福泉黄家坡磷矿采矿许可证。详细内容参见公司分别于 2023 年 11 月 29 日、2024 年 4 月 25 日刊登在巨潮资讯网上的《关于子公司签署 探矿权出让合同的公告》（公 ...

Investment Rating - The investment rating for Hunan Youneng is "Buy" (maintained) [1] Core Views - Hunan Youneng is expected to maintain high growth in shipments for 2024-2025, driven by strong demand in lithium iron phosphate (LiFePO4) batteries, particularly from overseas energy storage and domestic automotive consumption policies [3] - The company is approaching a profitability inflection point, with expectations of a recovery in profits as lithium carbonate prices stabilize and high-end product ratios increase [3] - The company is leveraging its technological advantages in high-density LiFePO4 batteries, which are expected to enhance its market leadership [3] - Management efficiency and an increasing degree of integration are expected to solidify cost advantages for the company [3][4] Financial Forecasts and Valuation - Total revenue is projected to decline from 41,358 million RMB in 2023 to 23,545 million RMB in 2024, before recovering to 29,523 million RMB in 2025 and 38,380 million RMB in 2026 [2][9] - Net profit attributable to shareholders is expected to decrease to 951.48 million RMB in 2024, followed by a significant increase to 2,201.60 million RMB in 2025 and 3,507.32 million RMB in 2026 [2][9] - The earnings per share (EPS) is forecasted to drop to 1.26 RMB in 2024, then rise to 2.91 RMB in 2025 and 4.63 RMB in 2026 [2][9] - The price-to-earnings (P/E) ratio is expected to be 25.95 for 2024, 11.22 for 2025, and 7.04 for 2026 [2][9] - The target price for 2025 is set at 52 RMB, based on a P/E of 18x [4] Market Data - The closing price is 32.61 RMB, with a one-year low of 22.28 RMB and a high of 44.71 RMB [6] - The market capitalization is approximately 24,694.02 million RMB [6] Basic Data - The book value per share is 15.05 RMB, with a debt-to-asset ratio of 57.56% [7]

证券代码：301358 证券简称：湖南裕能 湖南裕能新能源电池材料股份有限公司 投资者关系活动记录表 编号：2024-033 | --- | --- | --- | |------------------------------|----------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------| | 投资者关系活 动类别 | ☑ 特定对象调研 □ 媒体采访 □ □ 新闻发布会 ☑ 现场参观 | □ 分析师会议 业绩说明会 □ 路演活动 | | 参与单位名称 | □ 其他（请文字说明其他活动内容） | 兴全基金、华夏基金、汇添富基金、易方达基金、东吴证券、广发 证券、财通证券等机构投资者及个人投资者共 75 名。 | | | | | | 时间 | 2024 年 10 月 17 日 | | | 地点 | | 公司子 ...

证券代码：301358 证券简称：湖南裕能 湖南裕能新能源电池材料股份有限公司 投资者关系活动记录表 编号：2024-032 | --- | --- | --- | --- | --- | |---------------------|------------------------------------------------------------|--------------------------------------------------|-------|-------------------------------------------------------------------------------------------------------------------| | 投资者关系活 动类别 | □ 特定对象调研 □ □ 媒体采访 □ □ 新闻发布会 □ □ 现场参观 | 分析师会议 业绩说明会 路演活动 | | | | 参与单位名称 | ☑ 其他（电话会议） 富国基金、中泰证券 | | | | | | | | | | | 时间 | 2024 年 10 月 14 日 | | ...