Core Viewpoint - The financial report for the first three quarters of 2025 shows significant growth in revenue and net profit for the company, indicating strong operational performance and profitability improvements [1][2]. Financial Performance - The company's revenue for the first three quarters reached 3.086 billion yuan, a year-on-year increase of 25.25% [1]. - The net profit attributable to shareholders was 132 million yuan, up 539.97% year-on-year [1]. - The non-recurring net profit was 84.04 million yuan, reflecting a substantial increase of 2352.28% compared to the previous year [1]. - Basic earnings per share stood at 0.08 yuan [1]. - The gross margin for the first three quarters was 14.97%, an increase of 1.49 percentage points year-on-year, while the net margin was 2.86%, up 3.25 percentage points [1]. Quarterly Insights - In Q3 2025, the gross margin was 14.38%, showing a year-on-year increase of 2.92 percentage points but a quarter-on-quarter decrease of 1.09 percentage points [1]. - The net margin for Q3 was 5.19%, which is an increase of 6.66 percentage points year-on-year and up 5.63 percentage points from the previous quarter [1]. Cost Structure - Total operating expenses for the period were 427 million yuan, an increase of 49.05 million yuan year-on-year [2]. - The expense ratio was 13.84%, down 1.50 percentage points from the previous year [2]. - Sales expenses decreased by 5.94%, while management expenses increased by 6.71% [2]. - R&D expenses decreased by 3.76%, and financial expenses rose by 36.81% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 85,700, a decrease of 17.04% from the end of the previous half [2]. - The average market value per shareholder increased from 100,700 yuan to 127,600 yuan, reflecting a growth of 26.71% [2]. Company Overview - The company, Hunan Kolyuan New Energy Co., Ltd., is based in Chenzhou, Hunan Province, and was established on January 24, 1998, with its listing date on September 18, 2003 [3]. - The main business involves battery and material production, focusing on nickel-hydride batteries and expanding into lithium battery upstream supply chains [3]. - Revenue composition includes: power batteries and electrode sheets (30.14%), consumer batteries (29.76%), nickel products (13.66%), trading income (9.26%), lithium battery materials (7.00%), energy storage products (6.31%), and others (3.87%) [3]. - The company is categorized under the electric power equipment-battery-lithium battery sector and is associated with various investment concepts [3].

Core Insights - Company reported significant growth in revenue and net profit for the first three quarters of 2025, driven by the nickel battery, consumer battery, and energy storage sectors [1] - The energy storage segment has become a key growth engine, with multiple projects underway and a strong market outlook supported by government policies [2][3] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 3.086 billion yuan, a year-on-year increase of 25.25% [1] - The net profit attributable to shareholders reached 132 million yuan, a substantial year-on-year growth of 539.97% [1] - The net profit after excluding non-recurring gains and losses was 84.0365 million yuan, reflecting a remarkable increase of 2352.28% year-on-year [1] Business Development - The energy storage segment has become a crucial driver of the company's performance, with two independent energy storage stations already connected to the grid and eight more projects under construction [2] - The company expects to initiate approximately 4 GWh of energy storage projects by the end of the year [2] - The advanced energy storage system base in Baoding, Hebei, achieved product shipments in the third quarter [2] Market Trends - The domestic energy storage market saw a new installed capacity of 31.77 GW/85.11 GWh in the first three quarters of 2025, representing a year-on-year growth of 19.3%/28.41% [2] - Government initiatives, such as the "New Energy Storage Scale Construction Special Action Plan (2025-2027)," aim for over 180 GW of installed capacity by 2027, providing strong support for industry growth [2] Project Pipeline - The company currently has over 30 independent energy storage projects in reserve, with a total scale exceeding 15 GWh, of which more than 6 GWh meet investment criteria [3] - Ten mixed energy storage projects from the company and its consortium members are included in the "Hebei Province Multi-Technology Route Independent Energy Storage Pilot Project List," totaling 5.2 GWh [3] Future Outlook - The company plans to leverage end-user demand to advance the application of nickel-hydrogen batteries in frequency modulation markets and enhance research and collaboration on solid-state battery components [3] - The company anticipates the implementation of solid-state and semi-solid-state batteries in energy storage scenarios between the end of 2025 and 2026 [3]

Group 1 - The company Kolyuan (SH 600478) announced on October 28 that it expects to recognize an asset impairment provision that will reduce the net profit attributable to the parent company by approximately 36.91 million yuan for the first three quarters of 2025 [1] - The asset write-off is expected to further decrease the net profit attributable to the parent company by about 32.52 million yuan, leading to a total profit reduction of approximately 71.99 million yuan and a net profit reduction of about 69.44 million yuan [1] - The final financial data and accounting treatment will be subject to the results audited by the accounting firm [1] Group 2 - For the first half of 2025, Kolyuan's revenue composition is as follows: power batteries account for 30.14%, civilian batteries 29.76%, nickel products 13.66%, trading business 9.26%, lithium battery materials 7.0%, and energy storage revenue 6.31% [1] - As of the time of reporting, Kolyuan's market capitalization is 10.8 billion yuan [1]

Suspension and Resumption of Trading - Shiwai New Materials: The offer period for Zhi Yuan Heng Yue's acquisition has ended, and the stock is suspended for one day [1] - Zhongyuan Co., Ltd.: The actual controller is planning a change in company control, with a suspension period not exceeding three trading days [1] - Delong Huineng: The actual controller has changed to Ms. Sun Weijia, and the stock has resumed trading [1] Share Buyback - Haida Group: Plans to repurchase shares worth between 1 billion to 1.6 billion yuan, with a maximum repurchase price of 62.00 yuan per share [2] Investment Cooperation and Operational Status - Yunnan Energy Investment: Huaping Yuneng New Energy Co., Ltd. is investing in the Huaping West Wind Power Project with a capacity of 150 MW and a total investment of 780 million yuan; Honghe Yuneng Investment New Energy Development Co., Ltd. is investing in the Yongning Wind Power Project (Phase IV) with a capacity of 87.1 MW and a total investment of 453 million yuan; Yongsheng Yuneng New Energy Co., Ltd. is investing in the Aguzi Wind Power Project with a capacity of 100 MW and a total investment of 619 million yuan [3] - Xiasha Precision: Plans to raise no more than 800 million yuan through a private placement for the industrialization of core components of intelligent transmission systems, equipment development, technology research, and working capital [3] - Suzhou Tianmai: Plans to invest no more than 600 million yuan in the construction of an intelligent manufacturing base for thermal conductive products, which will add an annual production capacity of 18 million high-end uniform temperature plates [3] - Fulian Precision: Jiangxi Shenghua plans to invest in a new high-density lithium iron phosphate project with an annual production capacity of 350,000 tons in the Deyang-Abazhou Ecological Economic Industrial Park, with an estimated total investment of 4 billion yuan [3] - Renxin New Materials: Plans to invest in an integrated project for polystyrene new materials with a total investment of 3.8 billion yuan in cooperation with the Huizhou Daya Bay Economic and Technological Development Zone [3] - New World: Signed a cooperation agreement for GLP-1 class long-acting peptide innovative drugs [4] Performance Changes - Keli Yuan: Third-quarter net profit of 80.43 million yuan, a year-on-year increase of 2,836.88% [5] - Hailian Jinhui: Third-quarter net profit of 76.87 million yuan, a year-on-year increase of 1,000.56% [5] - Tianqiao Hoisting: Third-quarter net profit of 41.29 million yuan, a year-on-year increase of 618.70% [5] - Shengyi Electronics: Third-quarter net profit of 584 million yuan, a year-on-year increase of 545.95% [5] - Huasheng Tiancai: Third-quarter net profit of 219 million yuan, a year-on-year increase of 563.58% [5] - Boliang Optoelectronics: Third-quarter net profit of 11.53 million yuan, a year-on-year increase of 470.61% [5] - Geling Deep Vision: Third-quarter revenue of 51.76 million yuan, a year-on-year increase of 453.28% [5] - Jibite: Third-quarter net profit of 570 million yuan, a year-on-year increase of 307.70% [5] - Mingzhi Electric: Third-quarter net profit of 22.88 million yuan, a year-on-year increase of 215.97% [6] - Shengyi Technology: Third-quarter net profit of 1.017 billion yuan, a year-on-year increase of 131.18% [6] - Jingce Electronics: Third-quarter net profit of 72.42 million yuan, a year-on-year increase of 123.44% [6] - Feirongda: Third-quarter net profit of 120 million yuan, a year-on-year increase of 120.52% [6] - Xingqi Eye Medicine: Third-quarter net profit of 264 million yuan, a year-on-year increase of 117.45% [6] - State Grid Yingda: Third-quarter net profit of 1.086 billion yuan, a year-on-year increase of 102.49% [6] - Guanghong Technology: Third-quarter net profit of 99.61 million yuan, a year-on-year increase of 99.68% [6] - China Shipbuilding: Third-quarter net profit of 2.074 billion yuan, a year-on-year increase of 97.56% [6] - Huasheng Securities: Third-quarter net profit of 848 million yuan, a year-on-year increase of 97.61% [6] - Aofei Data: Third-quarter net profit of 57.55 million yuan, a year-on-year increase of 90.36% [6] - Giant Network: Third-quarter net profit of 640 million yuan, a year-on-year increase of 81.19% [6] - Tianneng Co., Ltd.: Third-quarter net profit of 491 million yuan, a year-on-year increase of 81.92% [6] - Yutong Bus: Third-quarter net profit of 1.357 billion yuan, a year-on-year increase of 78.98% [6] - Aerospace Intelligent Manufacturing: Third-quarter net profit of 259 million yuan, a year-on-year increase of 73.98% [6] - Jucheng Co., Ltd.: Third-quarter net profit of 115 million yuan, a year-on-year increase of 67.69% [6] - Longqi Technology: Third-quarter net profit of 152 million yuan, a year-on-year increase of 64.46% [6] - Zhaoyi Innovation: Third-quarter net profit of 508 million yuan, a year-on-year increase of 61.13% [6] - Sunshine Power: Third-quarter net profit of 4.147 billion yuan, a year-on-year increase of 57.04% [6] - Hudian Co., Ltd.: Third-quarter net profit of 1.035 billion yuan, a year-on-year increase of 46.25% [6] - South Grid Energy Storage: Third-quarter net profit of 601 million yuan, a year-on-year increase of 43.41% [6] - Jiangxi Copper: Third-quarter net profit of 1.849 billion yuan, a year-on-year increase of 35.20% [6] - Haowei Group: Third-quarter net profit of 1.182 billion yuan, a year-on-year increase of 17.26% [6]

湖南科力远新能源股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600478 证券简称：科力远 公告编号：2025-084 重要内容提示： 会议问题征集：投资者可于 2025 年 11 月 05 日前通过互联网登录价值在线 （https://eseb.cn/1sIfATT10cg）或使用微信扫描下方小程序码，或通过公司 邮箱 corun@corun.com 向公司提问，公司将在说明会上对投资者普遍关注的问题 进行回答。 湖南科力远新能源股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 05 日 （星期 三） 15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行 交流。 一、 说明会类型 会议召开时间：2025 年 11 月 05 日（星期三）15:00-16 ...

证券代码：600478 证券简称：科力远 公告编号：2025-085 湖南科力远新能源股份有限公司 关于为子公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 被担保人名称：益阳科力远电池有限责任公司（以下简称"益阳电池"） 一、担保情况概述 公司全资孙公司益阳电池拟向长沙银行股份有限公司申请办理敞口授信业 务 8,000 万元，公司为其提供连带责任保证担保，最高担保金额为 8,000 万元， 授信品种：流贷等。保证期间为自主合同项下的各具体债务履行期限届满之日起 三年。 公司第八届董事会第十四次会议及 2024 年年度股东大会审议通过了《关于 2025 年度对外担保预计额度的议案》，同意公司为子公司、子公司为其他子公 司提供担保，担保范围包括但不限于向金融机构提供的融资类担保，以及因日常 经营发生的各项履约类担保，新增担保额度不超过 507,000 万元，有效期自公司 2024 年年度股东大会审议通过之日起至公司 2025 年年度股东大会召开之日止。 上述担保事项在公司 2024 年年度 ...

证券代码：600478 证券简称：科力远 公告编号：2025-083 湖南科力远新能源股份有限公司 关于计提资产减值准备及资产核销的公告 为了更加真实、准确和公允地反映湖南科力远新能源股份有限公司（以下简 称"公司"）2025 年前三季度的资产和财务状况，根据《企业会计准则》和公 司会计政策相关规定，基于谨慎性原则，公司对相关资产进行检查和减值测试， 当期计提资产减值准备 39,467,202.64 元；对部分资产进行核销，发生资产报废 损失 32,522,722.76 元。 二、资产核销的基本情况 为进一步提升公司资产运营效率,提高资产整体质量水平，结合实际情况， 公司子公司湘南 Corun Energy 株式会社（以下简称"湘南工厂"）对其固定资 产及无形资产进行了全面核查及盘点清理。 部分资产由于达到或超过规定使用年限、技术进步、技术改造等原因已丧失 其使用功能，或使用效率低下，运转维护费用过高，湘南工厂拟将该部分固定资 产及无形资产进行报废处置。经公司财务及相关部门盘点清查，截至 2025 年 9 月 30 日，本次拟报废资产账面原值 107,513,906.69 元，报废净值 8,424,000.1 ...

证券代码：600478 证券简称：科力远 公告编号：2025-082 湖南科力远新能源股份有限公司 第八届监事会第十三次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、监事会会议召开情况 湖南科力远新能源股份有限公司（以下简称"科力远"或"公司"）第八届 监事会第十三次会议于 2025 年 10 月 28 日以通讯方式召开。本次会议通知和材 料于 2025 年 10 月 21 日以电子邮件形式发出。会议应出席监事 3 人，实际出席 监事 3 人，会议由监事会主席殷志锋召集并主持，本次会议的召集、召开符合《中 华人民共和国公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事的认真研究讨论，会议审议通过了以下议案： 1、关于公司 2025 年第三季度报告的议案 表决结果：3 票赞成，0 票弃权，0 票反对。 监事会全体成员对公司 2025 年第三季度报告提出以下审核意见： 1）公司 2025 年第三季度报告的编制和审议程序符合法律、法规、公司章程 和公司内部管理制度的各项规定； 2）公司 ...

1、关于公司 2025 年第三季度报告的议案 表决结果：7 票赞成，0 票弃权，0 票反对。 湖南科力远新能源股份有限公司 第八届董事会第二十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 湖南科力远新能源股份有限公司（以下简称"科力远"或"公司"）第八届董事 会第二十二次会议于 2025 年 10 月 28 日以通讯方式召开。本次会议通知和材料于 2025 年 10 月 21 日以电子邮件形式发出。会议应出席董事 7 人，实际出席董事 7 人， 会议由董事长张聚东先生召集并主持，本次会议的召集、召开符合《中华人民共和 国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事的认真研究讨论，会议审议并通过了以下议案： 证券代码：600478 证券简称：科力远 公告编号：2025-081 具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn）以及公 司指定披露的媒体上的《关于计提资产减值准备及资产核销的公告》 特此公告。 湖南科力远新能源股份有 ...

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter and the first three quarters of the year, indicating strong business performance [1] Financial Performance - Q3 revenue reached 1.265 billion, representing a year-on-year growth of 28.31% [1] - Q3 net profit was 80.43 million, showing a remarkable year-on-year increase of 2836.88% [1] - Revenue for the first three quarters totaled 3.086 billion, with a year-on-year growth of 25.25% [1] - Net profit for the first three quarters was 132 million, reflecting a year-on-year increase of 539.97% [1] Business Segments - The substantial growth in performance is attributed to increased business volume in the traditional nickel battery sector and consumer battery segment [1] - Revenue from the energy storage business has improved, contributing positively to overall financial results [1] - Enhanced profitability from joint ventures has led to increased investment income [1] - The current period also benefited from government relocation gains [1]