NUODE(SH:600110) Zheng Quan Shi Bao Wang·2025-07-15 02:56Core Viewpoint - The company expects to report a net loss of approximately 70 million yuan for the first half of 2025, which represents a year-on-year reduction in loss of about 56% compared to the same period last year [1] Financial Performance - The company reported a revenue of 5.277 billion yuan for 2024, a year-on-year increase of 15.44%, with a net loss of 352 million yuan [2] - In the first quarter of 2025, the company achieved a revenue of 1.409 billion yuan and a net loss of 38 million yuan [2] - The expected net loss for the first half of 2025 is approximately 82 million yuan when excluding non-recurring items [1] Market Conditions - The demand for power batteries is slowing due to domestic macroeconomic impacts and overseas trade conflicts, leading to a supply surplus in the lithium battery copper foil market [1] - The price of copper, a key raw material for copper foil production, has been on an upward trend in the first half of 2025, increasing production costs for the company [1] Product Development - The company focuses on developing high-value-added products such as ultra-thin lithium battery copper foil and high-temperature resistant copper foil, which have high technical barriers [3] - The company has successfully achieved stable mass production of 3-micron lithium battery copper foil and is gradually increasing the output of high-value-added products [3] Stock Performance - The company's stock price experienced a significant increase due to its classification as a "solid-state battery" concept, with a cumulative price increase of 100% over nine trading days [4] - The revenue from the copper foil business applied in the solid-state battery field accounts for less than 1% of total revenue, indicating limited contribution to overall performance [4]