固态电池相关收入不到1%，诺德股份却已走出七连板

Group 1 - The concept of "solid-state batteries" has recently ignited enthusiasm in the secondary market, leading to a significant rise in the stock price of Nord Shares, which achieved a seven-day consecutive limit-up, with a cumulative increase of 95.44% [1][2] - Despite the stock price surge, Nord Shares is facing continuous losses in its main business, with short-term liabilities rapidly increasing, raising doubts about its 5.2 billion yuan transformation bet [1][4] - The revenue from the solid-state battery business accounts for less than 1% of the company's total revenue, indicating that it has not yet formed a scale economic effect [2][4] Group 2 - As of June 8, Nord Shares' stock price reached 6.86 yuan, marking a year-to-date high, with a notable increase of 9.94% on that day [2] - The stock's rise is attributed to recent advancements in solid-state batteries reported by several automakers, including Changan Automobile and SAIC Motor, which triggered a speculative frenzy in the secondary market [2][3] - Despite clarifications from Nord Shares regarding the limited contribution of its solid-state battery-related revenue, the stock continued to experience consecutive limit-ups for three more trading days [2][3] Group 3 - The company has been facing multiple challenges, including declining processing fees for lithium battery copper foil, rising copper prices, and slowing growth in new energy vehicle sales, leading to a continuous decline in performance [4][5] - In 2024, Nord Shares reported revenue of 5.277 billion yuan, a year-on-year increase of 15.44%, but incurred a significant net loss of 352 million yuan, a staggering decline of 1387.59% [4] - The copper foil business accounted for 88.49% of the company's revenue in 2024, but the gross profit margin plummeted from 24.73% in 2021 to 3.86% in 2024, indicating a situation of increasing revenue without profit [4][5] Group 4 - To address the declining profitability of its copper foil business, Nord Shares is expanding into the photovoltaic energy storage sector, investing 5.2 billion yuan in a zero-carbon smart industrial park in Hubei [5][6] - The revenue from the power generation and energy storage business was only 10.53 million yuan in 2024, contributing minimally to overall performance [5] - The investment has led to a rapid increase in short-term liabilities, with non-current liabilities due within one year reaching 2.168 billion yuan, a year-on-year surge of 178.3% [6] Group 5 - The actual controller of Nord Shares is under regulatory investigation for failing to disclose related party transactions, marking the second time in a year that the controller has faced scrutiny from the China Securities Regulatory Commission [6]