证券代码：300035 证券简称：中科电气 公告编号：2025-040 湖南中科电气股份有限公司 关于投资的产业基金延长存续期限的公告 2024年3月，经全体合伙人一致同意，决定再次延长产业基金存续期至2025年5月2 日，具体内容详见公司在中国证监会指定创业板信息披露网站披露的《关于投资的产业 基金延长存续期限的公告》（公告编号：2024-043）。 现因投资的部分项目未能完全退出，为保证产业基金的正常运作和项目的顺利退出， 实现最优的基金收益和合伙人权益，经产业基金全体合伙人一致同意，决定继续延长产 业基金存续期一年，即存续期延长至2026年5月2日。 近日，产业基金已完成合伙期限延期相关内容的工商备案工作，合伙合同主要修订 情况如下： 修订前：本合伙企业的合伙期限自2016年5月3日至2025年05月02日。 修订后：本合伙企业的合伙期限自2016年5月3日至2026年05月02日。 除以上条文变更外，合伙合同其他主要内容保持不变。 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、产业基金基本情况 湖南中科电气股份有限公司（以下简称"公司"）2016 ...

Industry Overview - Solid-state batteries are becoming the core direction of next-generation battery technology due to their high energy density, safety, and longevity [1] - The industry is experiencing a revolution driven by policy support and technological iteration, with global automakers and battery companies competing for positioning [1] Policy Support and Industry Events - In April 2025, the Ministry of Industry and Information Technology issued a plan to establish a "Standard System for All-Solid-State Batteries," with a prior investment of 6 billion in dedicated R&D funds [3] - A mid-term review of the project is expected by the end of 2025, focusing on manufacturing challenges, with a critical period for pilot production anticipated in 2025-2026 [3] - The 5th China International Solid-State Battery Technology Conference was held on June 19-20, 2025 [3] Technological Developments - The first "Lithium Sulfide and Sulfide Solid-State Battery Forum" will be held on June 25, focusing on material innovation and process optimization [4] - Solid-state batteries are accelerating from laboratory development to mass production, becoming core power sources in electric vehicles, energy storage systems, and humanoid robots [5] Investment Opportunities - The solid-state battery sector is poised for significant growth, with potential for stocks to increase by 10 to 20 times [6] - Five companies identified as key players in the solid-state battery market include: - Rongbai Technology: Focused on high-nickel ternary cathode materials, collaborating with leading battery companies [8] - Dingsheng Technology: Specializes in lithium-ion battery cathode materials, serving major clients like Samsung SDI and LG Chem [8] - Xiamen Tungsten: Engaged in lithium-ion battery cathode materials and actively developing solid-state battery materials [8] - Zhongke Electric: Focused on anode materials, particularly silicon-based anodes, with over 60% market share [8] - A company identified as Huawei's first solid-state battery partner, specializing in sulfide solid-state battery technology, expected to achieve mass production by 2025 [9]

Core Viewpoint - The lithium battery industry is increasingly focusing on overseas expansion as domestic competition intensifies and local market demands rise, with major players like CATL and EVE Energy accelerating their overseas production capacity [1][4]. Group 1: Industry Trends - The enthusiasm for overseas expansion in the lithium battery industry remains high despite ongoing market challenges, with numerous announcements of new factory projects [4]. - By June 2025, Zhongke Electric plans to invest up to 8 billion yuan in Oman for a lithium-ion battery anode materials integrated base with an annual capacity of 200,000 tons [4]. - Tianqi Materials announced an investment in Morocco for a project with an annual output of 150,000 tons of electrolyte products and key raw materials, with an estimated total investment of approximately 280 million USD [4]. - The penetration rate of new energy vehicles in China reached 38.9% in 2024, significantly higher than that of major automotive producing countries, indicating substantial overseas market potential [5]. Group 2: Profitability and Market Dynamics - The overseas market is still in a "blue ocean" phase, characterized by high demand and limited local supply, prompting companies to rapidly establish production bases [5]. - CATL's overseas gross profit margin is projected to be 29.45% in 2024, significantly higher than its domestic margin of 7.2% [5]. - EVE Energy and Guoxuan High-Tech also report higher overseas gross profit margins compared to their domestic operations, indicating a favorable trend for international business [5]. Group 3: Capacity Expansion and Operational Challenges - CATL's first overseas factory in Germany has achieved profitability and serves as a benchmark for the industry, encouraging more companies to pursue international expansion [8]. - EVE Energy's first overseas battery base in Malaysia commenced production in February 2024, while Envision AESC's super factory in France began operations in June 2024 [9]. - Dragon Power Technology's first phase of a lithium iron phosphate production project in Indonesia is set to start production in early 2025, with plans for a second phase already underway [10]. Group 4: Localization and Strategic Considerations - Despite positive signals for overseas expansion, the overall progress remains slow due to higher costs and longer return periods compared to domestic operations [15]. - Companies are increasingly seeking to understand local markets and establish stable customer relationships to support their overseas ventures [15]. - The challenges of local environmental regulations, labor policies, and talent acquisition are significant hurdles for companies establishing overseas operations [16].

Summary of Lithium Battery Industry Conference Call Industry Overview - The lithium battery sector is experiencing moderate production levels, with a quarter-over-quarter growth of 10%-20% and a year-over-year growth of 30%-40% expected for Q2 2025. The industry is anticipated to maintain stable growth in the medium term [1][2] Key Companies and Performance CATL (宁德时代) - Q2 production is expected to be around 157 GWh, with confirmed revenue exceeding 140 GWh, representing a year-over-year growth of approximately 30%. The profit per watt-hour is about 0.09 CNY, with overall performance expectations between 15 billion to 16 billion CNY, maintaining an annual profit level of around 65 billion CNY [1][5] BYD (比亚迪) - Q2 sales are projected to be close to 1.2 million vehicles, with an export ratio exceeding 20%. The profit per vehicle is expected to exceed 9,000 CNY, with overall performance expectations between 11 billion to 12 billion CNY, reflecting a year-over-year and quarter-over-quarter growth of about 40%. The overseas sales target has been raised to 900,000 to 1 million vehicles, with monthly export volumes nearing 90,000 units [1][5] EVE Energy (亿纬锂能) - Q2 production is estimated at over 30 GWh, with confirmed revenue between 28 GWh and 30 GWh, showing a year-over-year growth of over 30%. The average profit per watt-hour is above 0.02 CNY, with operational profit expectations between 1 billion to 1.1 billion CNY, leading to total performance expectations of 1.3 billion to 1.4 billion CNY [1][5] Zhuhai Coslight (珠海冠宇) - Q2 profit contribution from consumer batteries is expected to exceed 200 million CNY, while losses in the power segment are around 60 million CNY, leading to overall profit expectations between 150 million to 200 million CNY [1][6] Keda (科达利) - Q2 revenue from structural components is expected to be between 3.5 billion to 3.6 billion CNY, with a year-over-year growth of 20% and a quarter-over-quarter growth close to 20% [1][6] Material Segment Performance - The battery segment is performing significantly better than the materials segment. The price increase expectations for materials have not been as strong as initially anticipated, leading to weaker price trends. However, companies with cobalt resources are benefiting from rising cobalt prices, with Huayou Cobalt (华友钴业) expected to achieve profits between 1.4 billion to 1.6 billion CNY in Q2 [3][4][9] Negative Material Companies - Negative material companies are performing well, with Putailai (璞泰来) expected to achieve profits exceeding 550 million CNY in Q2, while Zhongke Electric (中科电气) anticipates profits between 130 million to 150 million CNY [3][12] Future Outlook - The demand for lithium batteries is expected to grow between 25% to 30% in 2025, with leading companies' shipment targets slightly exceeding industry growth rates. Despite high market expectations, monthly production growth has been modest, with only single-digit increases observed in May and June [2] Additional Insights - The performance of ternary industry chain companies is strong, particularly for lithium cobalt oxide and metal cobalt-related enterprises. For instance, Huayou Cobalt's profits are bolstered by inventory gains from cobalt purchases [9] - The lithium carbonate segment is facing profitability challenges due to price declines, prompting companies to implement cost-reduction measures [13]

证券代码：300035 证券简称：中科电气 公告编号：2025-039 湖南中科电气股份有限公司 2025 年第二次临时股东会决议公告 特别提示： 1、本次股东会无增加、变更、否决提案的情形； 2、本次股东会无涉及变更前次股东会决议的情形。 一、会议召开和出席情况 湖南中科电气股份有限公司（以下简称"公司"）2025 年第二次临时股东会于 2025 年 6 月 20 日（星期五）下午 2：30，在湖南省长沙市岳麓区梅溪湖街道泉水路 32 号亿 达中建智慧科技园 3 栋五楼会议室以现场投票和网络投票相结合的方式召开。本次股东 会由公司董事会召集，董事长余新女士主持，公司部分董事、高级管理人员及见证律师 等相关人士出席了本次会议。会议的召集、召开与表决程序符合《公司法》和《公司章 程》的规定。 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 出席现场会议及参加网络投票的股东、股东代表及股东代理人共 594 人，代表 596 名股东，代表公司有表决权的股份数为 165,409,937 股，占公司有表决权股份总数的 24.1324％。其中：出席现场会议的股东及股东代理人 3 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 北京市康达律师事务所 关于湖南中科电气股份有限公司 2025 年第二次临时股东会的法律意见书 康达股会字【2025】第 0292 号 致：湖南中科电气股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东 会规则》（以下简称"《规则》"）、《深圳证券交易所上市公司股东会网络投票实 施细则（2025 年修订）》（以下简称"《实施细则》"）、《湖南中科电气股份有限 公司章程》（以下简称"《公司章程》"）及湖南中科电气股份有限公司（以下简 ...

Core Viewpoint - Guian New Area is rapidly developing into a modern city with a focus on high-quality, green, and intensive growth, attracting major enterprises and establishing itself as a key player in the digital economy and advanced manufacturing sectors [1][4][7]. Industry and Company Summary - Guian New Area has attracted 26 Fortune Global 500 companies, 9 Chinese Fortune 500 companies, and 3 private Fortune 500 companies, indicating a strong industrial presence [5]. - The area has established 26 large-scale data centers, with a computing power exceeding 81 EFLOPS, of which over 98% is intelligent computing, making it one of the strongest regions in China for domestic intelligent computing capabilities [3][6]. - The region aims to become a national computing power guarantee base, a research and production base for new energy power batteries and materials, and an important industrial backup base [4]. - In 2024, the industrial output value of the new energy battery and materials industry is projected to reach 7.692 billion yuan, with a year-on-year growth of 43.2%, while the advanced equipment manufacturing industry is expected to achieve an industrial output value of 3.659 billion yuan, growing by 35% [7]. - The software and information technology service industry in Guian New Area is anticipated to generate revenue of 70.9 billion yuan in 2024, reflecting a growth of 28.5%, with the digital economy's added value accounting for 53.3% of GDP [12][14]. - The area has built a complete industrial chain from battery material research to vehicle manufacturing, with a current battery production capacity of 35 GWh [6]. - Guian New Area has developed a robust digital infrastructure, including the largest cloud data center in southern China, which serves various sectors including internet, government, and finance [8][10].

Core Viewpoint - The global expansion of Chinese lithium battery companies has entered a new phase characterized by "capacity landing" since 2025, focusing on establishing overseas production bases to drive a systematic global layout across the entire industry chain [1][7]. Group 1: Industry Trends - The trend of "capacity landing" is particularly evident in Southeast Asia, with Indonesia serving as a clear example, highlighted by the successful production of a 30,000-ton lithium iron phosphate (LFP) factory by Longpan Technology [1][2]. - Longpan's new five-year supply agreement worth over 5 billion RMB with battery manufacturer EVE Energy reflects the recognition of its established production capacity [2]. - The establishment of local production capabilities for key materials such as cathodes and separators in Southeast Asia marks the initial formation of industry collaboration [4]. Group 2: European Expansion - The lithium battery layout in Europe is accelerating, with companies like Tianci Materials planning to invest approximately 2 billion RMB in Morocco to build an integrated base for electrolyte and key raw materials [4][6]. - Hungary is emerging as a lithium battery industry hub, with companies like Tian Technology and Kunlun New Materials planning significant investments in production facilities [5]. Group 3: Market Dynamics - The shift from "announcement" to "landing" in 2025 is driven by the demand from downstream battery manufacturers, which are entering a capacity release phase [7]. - The competitive environment in the domestic market, particularly in the cathode materials sector, has led to a decline in average gross margins to around 3%, pushing companies to seek new profit growth points overseas [8]. Group 4: Strategic Collaborations - Wanhu Chemical's strategy in Europe illustrates a mature approach, transitioning from technical cooperation to becoming a core supplier for European battery manufacturers [9][10]. - The successful signing of new overseas orders by equipment manufacturers like Haimeixing Laser indicates a robust demand for established equipment in overseas battery factories, ensuring construction speed and production efficiency [11]. Group 5: Industry Ecosystem - A highly efficient lithium battery industry cluster is forming in regions like Southeast Asia and Hungary, characterized by close collaboration between battery manufacturers and local material suppliers [12]. - The comprehensive output of technology, standards, management, and ecosystem from Chinese enterprises signifies a shift in the global lithium battery landscape, moving beyond mere capital outflow and capacity replication [12].

Core Viewpoint - The article discusses the transformation of the lithium battery industry towards a new phase characterized by "capacity landing" since 2025, emphasizing the establishment of localized production capabilities in Southeast Asia and Europe, driven by the demand from downstream battery manufacturers [3][10][15]. Group 1: Industry Trends - The globalization of Chinese lithium battery companies has entered a new stage focused on establishing overseas production bases, particularly in Southeast Asia, with Indonesia serving as a key example [3]. - Dragon Power Technology's lithium iron phosphate (LFP) factory in Indonesia, with a capacity of 30,000 tons, has successfully commenced production, marking a significant milestone in localizing supply chains [3][4]. - The establishment of long-term supply agreements, such as the five-year contract worth over 5 billion RMB with Yiwei Lithium Energy, highlights the recognition of the value of localized production [4]. Group 2: Regional Developments - In Malaysia, Yiwei Lithium Energy's first overseas factory began production in January, and another project by Xingyuan Material is set to launch in June, indicating a trend of local production capabilities for key lithium battery materials [7]. - European expansion is also accelerating, with companies like Tianci Materials planning a 2 billion RMB investment in Morocco for an integrated base producing 150,000 tons of electrolyte and key raw materials [9]. - Hungary is emerging as a lithium battery industry hub, with significant investments from membrane manufacturers and other key players [8]. Group 3: Market Dynamics - The shift from "announcement" to "landing" in 2025 is driven by the need for efficient local supply chains to support the new capacities being released by battery manufacturers like CATL and Yiwei Lithium Energy [10]. - The competitive environment in the domestic market, particularly in the cathode materials sector, has led to a decline in average gross margins, pushing companies to seek new profit growth points overseas [11][12]. - Companies like Wanhua Chemical are strategically positioning themselves in Europe, transitioning from technology partners to core suppliers in the supply chain [13]. Group 4: Ecosystem Development - The integration of equipment suppliers, such as Haimeixing Laser, into the global supply chain is crucial for ensuring the efficiency and consistency of overseas production [14]. - The formation of efficient lithium battery industry clusters in regions like Southeast Asia and Hungary allows for rapid response to supply needs and fosters innovation through close collaboration [15]. - The article concludes that the globalization of the lithium battery industry is evolving beyond mere capital outflow and capacity replication to encompass comprehensive technology, standards, management, and ecosystem exports [15].

为寻求业绩新增长点，海外市场已经成为锂电企业竞相 "落子"的重心。 电解液龙头天赐材料 6 月 11 日晚间发布公告，公司及全资孙公司 Tinci Materials Jorf Lasfar SAS 与摩洛哥王国签署了投资协议，拟通 过项目公司在摩洛哥投资建设电解液与原材料一体化生产的综合基地。 据介绍，此次签约的项目位于 Jorf Lasfar 的工业园区内，规划年产 15 万吨电解液产品及其关键原材料， 总投资额预计为 25.76 亿摩洛 哥迪拉姆（约 20.3 亿人民币） 。 摩洛哥将根据适用条例为本项目提供必要支持及在本项目符合相关条件的情况下提供相应补贴。 天赐材料表示，此次投资协议的签署旨在通过与摩洛哥建立长期、稳定的战略合作关系，充分整合优势资源，进一步完善公司海外布局。 实际上，早在 2023 年 6 月 27 日，天赐材料公告，拟通过全资子公司新加坡天赐投资设立摩洛哥管理公司，并由其投资设立全资摩洛哥实 体公司，专注于锂离子电池材料的生产与销售。 今年 5 月 13 日，天赐材料在互动平台再次确认，正积极推进美国及摩洛哥的本土化产能建设，加速电解液及六氟磷酸锂的海外市场开拓。 天赐材料认为， ...