HUAYOU COBALT(SH:603799) Chang Jiang Shang Bao·2025-11-27 00:04Core Insights - Huayou Cobalt Industry has signed a 10-year supply agreement with EVE Energy, focusing on the European automotive market, which will involve supplying approximately 127,800 tons of ultra-high nickel ternary cathode materials [1][2][3] Group 1: Agreement Details - The supply agreement will see Huayou Cobalt's subsidiary, Chengdu Bamo Technology, deliver materials to EVE Energy's Hungarian factory from 2026 to 2035, with an estimated total transaction value of approximately 21.09 billion yuan based on current market prices [2][3] - The agreement is expected to enhance Huayou Cobalt's integration into the European electric vehicle supply chain and strengthen its competitive edge in the lithium battery materials sector [1][3] Group 2: Financial Performance - Huayou Cobalt's net profit for the first three quarters of 2025 reached over 4.2 billion yuan, marking a nearly 40% year-on-year increase [1][6] - The company's revenue from overseas markets has been increasing, with 65% of total revenue coming from international sources in the first half of 2025 [1][6] Group 3: Strategic Positioning - The company has developed a vertically integrated supply chain, enhancing resource security and reducing costs through industry chain synergy [1][5] - Huayou Cobalt has been actively investing in research and development, with R&D expenditures exceeding 1 billion yuan annually from 2022 to 2024, and a total of 1,488 patent applications filed as of mid-2025 [7]