证券代码：600478 证券简称：科力远 公告编号：2025-055 湖南科力远新能源股份有限公司 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。 2025年第二次临时股东大会决议公告 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 8 月 14 日 (二)股东大会召开的地点：深圳市南山区粤海街道科苑南路 3099 号中国储能大 厦 41F 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 1,103 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 498,998,186 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 29.9601 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长张聚东先生主持召开。本次会议采取现 场投票和网络投票相结合的方式表 ...

Group 1 - The core viewpoint of the news highlights the performance of Hunan Province's power generation in 2025, indicating a mixed trend with an overall increase in thermal power generation and a significant decline in hydropower generation [1] - In June 2025, Hunan Province's power generation reached 141.7 billion kilowatt-hours, representing a year-on-year growth of 5.9% [1] - In the first half of 2025, Hunan Province's total power generation was 428.4 billion kilowatt-hours, showing a year-on-year decrease of 1.7% [1] Group 2 - In the first half of 2025, thermal power generation was 488.9 billion kilowatt-hours, accounting for 59.1% of the total power generation, with a year-on-year increase of 14.2% [1] - Hydropower generation in the same period was 193.2 billion kilowatt-hours, making up 23.3% of the total, but experienced a year-on-year decline of 28.7% [1] - Wind power generation was 111.8 billion kilowatt-hours, representing 13.5% of the total, with a slight year-on-year decrease of 1.4% [1] - Solar power generation reached 33.73 billion kilowatt-hours, accounting for 4.1% of the total, and saw a significant year-on-year increase of 59.8% [1]

Core Viewpoint - The recent developments in the lithium mining sector, particularly the suspension of operations at Ningde Times' lithium mine in Yichun, are seen as a significant signal of supply contraction in the context of the "anti-involution" campaign initiated by the government [2][5][8]. Industry Summary - On August 7, a statement from the China Nonferrous Metals Industry Association highlighted the dangers of "involution" competition, which triggered a surge in market interest and speculation regarding lithium supply [2][3]. - Following the announcement of the suspension of operations at Ningde Times' Yichun lithium mine due to the expiration of its mining license, lithium carbonate futures experienced a dramatic price increase, with a rise of 18.5% from August 7 to August 12, reaching a price of 82,520 yuan per ton [3][5]. - The Yichun mining operations are critical, with eight involved mining companies accounting for approximately 20% of China's monthly lithium production, and the suspension is viewed as a major indicator of potential supply issues [4][11]. - The market is currently engaged in a tug-of-war between bullish and bearish sentiments, with investors closely monitoring the situation as they speculate on the future of lithium prices and supply dynamics [6][10]. - The deadline of September 30 for the submission of resource verification reports by the eight mining companies is seen as a pivotal point for the market, with potential implications for future lithium supply and pricing [8][11]. Company Summary - Ningde Times' lithium mine in Yichun has been a focal point of market speculation, with the company expressing optimism about the renewal of its mining license prior to the suspension [6][7]. - Other companies involved in lithium mining, such as Guoxuan High-Tech and Keli Yuan, have reported that their operations remain normal and their mining licenses are still valid [11]. - Analysts suggest that if Ningde Times' mine resumes operations after three months and other mines remain unaffected, the overall impact on lithium supply may be limited to a reduction of approximately 30,000 to 35,000 tons [11].

Core Viewpoint - The article discusses the impact of the "anti-involution" signal on the lithium mining industry, particularly focusing on the suspension of operations at Ningde Times' lithium mine in Yichun, which has led to significant fluctuations in lithium carbonate futures prices [3][10]. Group 1: Market Reactions - Following the announcement of the "anti-involution" signal, the market reacted swiftly, with lithium carbonate futures rising by 5.36% on August 7 and nearly hitting the limit up with a 7.73% increase on August 8 [5]. - By August 12, the main futures contract for lithium carbonate closed at 82,520 yuan/ton, marking an 18.5% increase over four trading days [5][11]. - The market sentiment was further fueled by the confirmation of the suspension of mining operations at Ningde Times' Yichun project due to the expiration of its mining license [5][8]. Group 2: Industry Context - The initial trigger for this market movement was a notification from the Yichun Natural Resources Bureau on July 7, requiring eight lithium mining companies to complete resource verification reports by September 30 [6][7]. - The eight mining companies include several publicly listed firms, with Ningde Times' situation being viewed as a critical factor in the ongoing market dynamics [8][9]. Group 3: Future Outlook - The core point of contention in the market will be whether the eight involved mining companies can submit their resource reports on time and the subsequent review process [13]. - If Ningde Times' mine resumes operations after three months and the other seven mines remain unaffected, the total impact on lithium supply could be limited to approximately 30,000 to 35,000 tons [14]. - Conversely, if all eight mines face shutdowns due to license issues, the monthly output could decrease by 15,000 to 16,000 tons, significantly affecting the market supply and potentially driving prices above 100,000 yuan/ton [15].

Group 1 - The core issue of the lithium market is the "anti-involution" competition, which has led to significant supply concerns following the expiration of mining licenses for key lithium mines, particularly the one operated by CATL in Yichun, Jiangxi [1][2] - The carbon lithium futures contract saw a substantial price increase, rising 18.5% from August 7 to August 12, with a closing price of 82,520 yuan/ton on August 12 [1][2] - The Yichun mining operations are critical, as they account for approximately 20% of China's monthly lithium production, with a production scale of 4,390 million tons/year [2][6] Group 2 - The market is currently in a state of intense competition, with investors closely monitoring the situation at the Yichun lithium mine, leading to speculative trading and significant price volatility [3][4] - The upcoming deadline of September 30 for the eight involved lithium mining companies to submit resource reports is seen as a pivotal point for future supply and pricing dynamics in the lithium market [5][6] - Companies like Guoxuan High-Tech and Keli Yuan have confirmed that their operations in Yichun are ongoing and that their mining licenses remain valid, indicating that not all players are affected by the regulatory changes [6]

Summary of Key Points Core Viewpoint - The company, Hunan Keli Yuan New Energy Co., Ltd., is providing a guarantee of 30 million RMB for its wholly-owned subsidiary, Guangdong Keli Yuan Supply Chain Co., Ltd., to secure a bank credit facility from Industrial Bank Co., Ltd. Guangzhou Branch [1][5]. Group 1: Guarantee Details - The guarantee amount provided by the company for Guangdong Supply Chain is 30 million RMB, with a current balance of 0 RMB prior to this guarantee [1]. - The guarantee does not have any counter-guarantee [1]. - The company has no overdue guarantees [1]. Group 2: Financial and Operational Context - The company aims to expand financing channels to meet business development needs [1]. - The guarantee is part of a broader approval for a maximum guarantee limit of 507 million RMB for the fiscal year 2025, which includes guarantees for subsidiaries and other operational guarantees [2]. Group 3: Subsidiary Information - Guangdong Keli Yuan Supply Chain was established on June 20, 2024, with a registered capital of 10 million RMB and operates in various sectors including supply chain management and sales of electronic components [3][4]. - The company is wholly owned by Hunan Keli Yuan New Energy Co., Ltd. [4]. Group 4: Guarantee Agreement - The guarantee is a joint liability guarantee with a validity period of three years from the date of the main contract's debt performance [5]. - The guarantee covers all debts arising from the main contract, including principal, interest, penalties, and costs incurred by the creditor [5]. Group 5: Risk and Control - The company maintains control over the subsidiary's operations and credit status, ensuring that the guarantee risk is manageable and will not adversely affect shareholder interests [6]. - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 453.656 million RMB, which exceeds 100% of the latest audited net assets [7].

Core Viewpoint - The recent suspension of lithium mining operations in Yichun has raised market concerns, particularly regarding the supply chain and potential impacts on lithium prices and availability [2][3]. Group 1: Event Background - On July 7, Yichun Natural Resources Bureau announced issues with mining rights for eight lithium resource mines, indicating potential delays in reclassification from "ceramic clay" to "lithium mine" [2]. - The mining license for Ningde Times' Jiangxiawo mine is set to expire on August 9, 2025, with other mines' licenses expiring as late as 2027 [2]. - Following the announcement, Ningde Times confirmed the suspension of operations at Jiangxiawo mine, which has a mining capacity of 45 million tons, translating to approximately 100,000 tons of lithium carbonate, accounting for about 10% of domestic demand [2]. Group 2: Supply and Demand Analysis - The suspension of Jiangxiawo mine will reduce monthly supply by 0.9 million tons, coinciding with a period when downstream markets are entering a replenishment phase, shifting the supply-demand balance from surplus to shortage [3]. - In August, demand for lithium carbonate is expected to increase by 6%, driven by strong energy storage orders, while supply is anticipated to remain stable or slightly decrease due to the mine's suspension [9]. Group 3: Market Impact Assessment - The current suspension differs from the 2024 production cuts due to heightened market sentiment and increased funding attention, with many investors referencing the price surge in polysilicon [5]. - The new Mineral Resources Law, effective July 1, has classified lithium as an independent mineral, leading to expectations of a chain reaction affecting other mines as their licenses expire [7]. - Compared to the 2024 suspension, current inventory levels are higher by 20,000 tons, indicating a different preparedness level in the downstream market [8]. Group 4: Long-term Supply Outlook - Despite short-term supply disruptions, the long-term outlook suggests a continued oversupply in the lithium market from 2025 to 2028, driven by significant planned production capacity and declining costs [20]. - The potential for increased lithium supply remains, with the market expected to see a rise in imports from South America and stable production from spodumene [17]. Group 5: Price Forecast - The recent supply disruptions and recovering demand are expected to lead to a price increase for lithium carbonate, with projections suggesting a price range of 84,000 to 90,000 yuan per ton [23]. - Market sentiment is bullish, with expectations for lithium prices to rise above 100,000 yuan per ton, although caution is advised due to potential supply increases from other regions [25].

（文章来源：证券日报） 证券日报网讯 8月11日晚间，科力远发布公告称，截至本公告披露日，含本次担保，公司及其控股子公 司对外担保总额为453，656万元（已签署担保协议且尚在担保期限内的担保），公司对控股子公司提供 的担保总额为408，856万元，上述数额分别占公司最近一期经审计归母净资产的165.11%、148.80%。 截至目前，公司无逾期担保事项，也没有为股东及其关联单位提供担保等事项。 ...

Group 1 - The company Kolyuan (SH 600478) announced that as of the disclosure date, the total amount of external guarantees provided by the company and its subsidiaries is approximately 4.537 billion yuan, with guarantees to subsidiaries amounting to about 4.089 billion yuan, representing 165.11% and 148.8% of the company's most recent audited net assets, respectively [2] - For the year 2024, the revenue composition of Kolyuan is as follows: power batteries account for 28.78%, civilian batteries account for 27.76%, trading business accounts for 12.89%, nickel products account for 12.71%, and lithium battery materials account for 12.22% [2]

证券代码：600478 证券简称：科力远 公告编号：2025-054 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：广东科力远供应链有限公司（以下简称"广东供应链"） 本次担保金额及已实际为其提供的担保余额：公司本次为广东供应链提供的 担保金额为 3,000 万元。截至本公告披露日，公司为广东供应链提供的担保余额 为 0 万元（未包含本次担保余额）。 特别风险提示：公司及子公司对外担保总额超过最近一期经审计净资产 100%， 且被担保人资产负债率超过 70%，敬请投资者注意相关风险。 一、担保情况概述 统一社会信用代码：91440111MADMU26M8U 成立时间：2024 年 06 月 20 日 公司类型：有限责任公司 住所：广州市白云区白云大道北 298 号 1 栋 213 室 法定代表人：薛永忠 为进一步拓宽融资渠道，获取资金满足公司业务发展的需要，湖南科力远 新能源股份有限公司(以下简称"公司"或"本公司")拟为全资子公司 ...