Core Viewpoint - The stock price of Kolyuan has shown fluctuations, with a recent decline of 2.06% on January 28, 2025, and a total market capitalization of 11.892 billion yuan [1] Group 1: Stock Performance - Kolyuan's stock has increased by 3.63% since the beginning of the year, but has decreased by 3.64% over the last five trading days [2] - Over the past 20 days, the stock price has risen by 4.08%, while it has dropped by 4.42% in the last 60 days [2] Group 2: Company Overview - Kolyuan, established on January 24, 1998, and listed on September 18, 2003, is located in the Hunan Province and specializes in battery and material businesses [2] - The company focuses on the entire supply chain of nickel-hydrogen batteries, expanding into the rail transportation power market, and securing raw material supply for lithium batteries and energy storage [2] - The revenue composition includes: 30.14% from power batteries, 29.76% from consumer batteries, 13.66% from nickel products, 9.26% from trade income, 7.00% from lithium materials, 6.31% from energy storage products, and 3.87% from other sources [2] Group 3: Financial Performance - As of September 30, 2025, Kolyuan reported a revenue of 3.086 billion yuan, representing a year-on-year growth of 25.25% [3] - The net profit attributable to shareholders reached 132 million yuan, showing a significant increase of 539.97% year-on-year [3] Group 4: Shareholder Information - The number of shareholders as of September 30, 2025, is 85,700, a decrease of 17.04% from the previous period [3] - The average circulating shares per person increased by 20.54% to 19,427 shares [3] - Kolyuan has distributed a total of 89.3244 million yuan in dividends since its A-share listing, with 24.9831 million yuan distributed in the last three years [4] - Notable new institutional shareholders include Hong Kong Central Clearing Limited and Harvest CSI Rare Earth Industry ETF, holding 18.7572 million shares and 14.3275 million shares, respectively [4]

● 相关风险提示：该基金尚需取得中国证券投资基金业协会备案后方可实施。投资过程中可能存在因决 策或行业环境发生重大变化，导致投资项目不能实现预期收益、无法及时有效退出等风险。敬请广大投 资者注意投资风险。 一、投资设立基金概述 为满足公司战略发展需求及产业联动效应，进一步夯实储能领域的定位和布局，持续深化绿色、低碳、 可持续的能源体系转型，公司拟与管理人天津滨海新区新兴产业基金管理有限公司（以下简称"新兴基 管"）及其他合伙人天津滨海新能源投资管理有限公司（以下简称"滨海新能源"）、深圳市元科慧储投 资有限公司（以下简称"元科慧储"）共同投资设立储能基金并签订合伙协议，基金将主要对新型储能场 景及产业链上下游优质项目进行投资。基金目标总规模为人民币20亿元，初始规模5亿元，公司拟作为 有限合伙人认缴出资2.49亿元，持有合伙企业49.80%的份额比例。 天津滨海新区建设投资集团有限公司（以下简称"滨海建投"）系滨海新能源的控股公司，作为天津市国 资委全资企业，滨海建投拥有领先的资产实力，优质的资信水平，也沉淀了丰富的地方资源和产业储 备。公司与滨海建投共同发起设立储能基金，不仅可以助力储能上下游产业投资，打通 ...

Core Viewpoint - The establishment of a new energy storage fund by Kolyuan and its partners aims to invest in high-quality projects within the new energy storage sector, with a total target size of 2 billion yuan and an initial size of 500 million yuan [1][4]. Group 1: Fund Establishment and Objectives - The fund will focus on investing in new energy storage scenarios and the upstream and downstream industrial chain [1][4]. - The collaboration aims to integrate resources across the energy storage industry, facilitating a full-cycle development model from project development to asset management [2][5]. - Kolyuan has previously initiated a storage industry fund with a total scale of 1.402 billion yuan, which supports multiple independent energy storage projects [5]. Group 2: Strategic Partnerships and Resource Utilization - Tianjin Binhai New Energy Investment Management Co., Ltd. is a key player in this partnership, leveraging its strong asset base and local resources to enhance project development [1][4]. - The partnership will explore new collaborative development models in the energy storage sector, particularly in the Beijing-Tianjin-Hebei region, utilizing resources in wind and solar energy [2][5]. - Kolyuan aims to create a synergistic ecosystem that integrates resources, technology, projects, products, operations, and capital [3][6]. Group 3: Market Context and Future Prospects - The fund is positioned to optimize financing structures and reduce costs amid a rapidly growing demand for energy storage projects [2][5]. - Kolyuan emphasizes the importance of aligning with industry trends and addressing pain points through this fund, which reflects a deep integration of government, industry, academia, finance, and service sectors [3][6].

格隆汇1月27日丨科力远(600478.SH)公布，为满足公司战略发展需求及产业联动效应，进一步夯实储能 领域的定位和布局，持续深化绿色、低碳、可持续的能源体系转型，公司拟与管理人天津滨海新区新兴 产业基金管理有限公司及其他合伙人天津滨海新能源投资管理有限公司、深圳市元科慧储投资有限公司 共同投资设立储能基金并签订合伙协议，基金将主要对新型储能场景及产业链上下游优质项目进行投 资。基金目标总规模为人民币20亿元，初始规模5亿元，公司拟作为有限合伙人认缴出资2.49亿元，持 有合伙企业49.80%的份额比例。 天津滨海新区建设投资集团有限公司系滨海新能源的控股公司，作为天津市国资委全资企业，滨海建投 拥有领先的资产实力，优质的资信水平，也沉淀了丰富的地方资源和产业储备。公司与滨海建投共同发 起设立储能基金，不仅可以助力储能上下游产业投资，打通大储能生态链各环节，还将实现从项目开 发、投建、运营运维到资产化的全周期闭环，构建持续滚动升级模式。同时，结合滨海新能源在京津冀 地区的风电、光伏等资源，双方可进一步探索在新能源及储能等领域的资源协同与深度耦合，共同开拓 并创造新的业务增长空间。 ...

证券代码：600478 证券简称：科力远 公告编号：2026-009 湖南科力远新能源股份有限公司 关于参与投资设立储能基金暨签订合伙协议的公告 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： 投资标的名称:天津滨海新型储能发展股权投资基金合伙企业（有限合伙） （以下简称"储能基金"、"基金"或"合伙企业"，暂定名，最终名称以市场监 督管理机构登记核定为准） 投资金额:湖南科力远新能源有限公司（以下简称"公司"）拟出资人民币 2.49 亿元，担任有限合伙人。 本次交易不属于关联交易和重大资产重组事项。 相关风险提示：该基金尚需取得中国证券投资基金业协会备案后方可实施。 投资过程中可能存在因决策或行业环境发生重大变化，导致投资项目不能实现预期 收益、无法及时有效退出等风险。敬请广大投资者注意投资风险。 一、投资设立基金概述 为满足公司战略发展需求及产业联动效应，进一步夯实储能领域的定位和布局， 持续深化绿色、低碳、可持续的能源体系转型，公司拟与管理人天津滨海新区新兴 产业基金管理有限公司（以下简称"新兴基管 ...

格隆汇1月27日丨科力远(600478.SH)公布，为满足公司战略发展需求及产业联动效应，进一步夯实储能 领域的定位和布局，持续深化绿色、低碳、可持续的能源体系转型，公司拟与管理人天津滨海新区新兴 产业基金管理有限公司及其他合伙人天津滨海新能源投资管理有限公司、深圳市元科慧储投资有限公司 共同投资设立储能基金并签订合伙协议，基金将主要对新型储能场景及产业链上下游优质项目进行投 资。基金目标总规模为人民币20亿元，初始规模5亿元，公司拟作为有限合伙人认缴出资2.49亿元，持 有合伙企业49.80%的份额比例。 天津滨海新区建设投资集团有限公司系滨海新能源的控股公司，作为天津市国资委全资企业，滨海建投 拥有领先的资产实力，优质的资信水平，也沉淀了丰富的地方资源和产业储备。公司与滨海建投共同发 起设立储能基金，不仅可以助力储能上下游产业投资，打通大储能生态链各环节，还将实现从项目开 发、投建、运营运维到资产化的全周期闭环，构建持续滚动升级模式。同时，结合滨海新能源在京津冀 地区的风电、光伏等资源，双方可进一步探索在新能源及储能等领域的资源协同与深度耦合，共同开拓 并创造新的业务增长空间。 ...

据生意社监测，碳酸锂01月26日最新价格170000.00元/吨，最近5天上涨6.92%，10天上涨9.68%，15天 上涨21.43%，20天上涨31.78%，30天上涨44.39%，60天上涨83.26%。 相关生产商有：川能动力(000155)藏格矿业(000408)西藏矿业(000762)盐湖股份(000792)大中矿业 (001203)融捷股份(002192)盛新锂能(002240)赣锋锂业(002460)天齐锂业(002466)雅化集团(002497)中矿资 源(002738)永兴材料(002756)天华新能(300390)金银河(300619)宁德时代(300750)红星发展(600367)科力远 (600478)科达制造(600499)永杉锂业(603399)芳源股份(688148)等。 相关生产商有：川能动力(000155)藏格矿业(000408)西藏矿业(000762)盐湖股份(000792)大中矿业 (001203)融捷股份(002192)盛新锂能(002240)赣锋锂业(002460)天齐锂业(002466)雅化集团(002497)中矿资 源(002738)永兴材料(002756)天华 ...

Core Viewpoint - Hunan Keli Yuan New Energy Co., Ltd. (Keli Yuan) expects a significant increase in net profit for 2025, projecting a growth of 1156.74% to 1542.15% compared to the previous year, indicating a fundamental improvement in its main business profitability and quality [1] Group 1: Financial Performance - Keli Yuan anticipates a net profit attributable to shareholders of between 0.75 billion to 0.98 billion yuan for 2025, reflecting a substantial year-on-year increase [1] - The company’s profitability is expected to improve significantly due to its strategic investments in the energy storage sector [1] Group 2: Business Strategy - Keli Yuan is leveraging a large energy storage ecological innovation consortium model to invest in independent energy storage stations, creating dual revenue streams from energy storage cabinet sales and station operation dividends [1] - The company is focusing on enhancing its core competitiveness through innovation in overall solutions, project acquisition, resource integration, and technological advancements [1] Group 3: Industry Position and Innovations - Keli Yuan has established a full industry chain integration from lithium carbonate mining to terminal energy storage, which enhances its resilience against raw material price fluctuations and ensures product competitiveness [2] - The company is accelerating the development of key components for solid-state batteries and plans to implement solid and semi-solid batteries in energy storage applications by 2026 [2] - Keli Yuan's integrated system from mining to energy storage products and station operation addresses industry challenges related to raw material price volatility and ensures stable supply and cost advantages for downstream energy storage systems [2]

【头条要闻】 贵金属惊天逆转！黄金白银刷新历史新高后巨震，全球资金在躲什么？ 黄金与白银在刷新历史高点后大幅回调，现货白银在创下117.74美元/盎司的历史新高后一路回调，此前 一度涨近14%。现货黄金一度向下跌破5000美元/盎司，此前曾上涨2.5%，盘中最高突破5110美元/盎 司。 大有期货表示，贵金属市场延续强势，主要受到多重因素共同驱动，短期需警惕技术性回调风险，长期 前景仍与全球宏观政策及去美元化趋势紧密相连。申万宏源证券认为，短期来看，金价因地缘因素快速 走高，该因素缓和后并未明显回落，反而创新高，反映出短期较强的势头。中长期视角来看，黄金已逐 渐从"避险资产"转型为"全球资产配置核心工具"，央行购金、去美元化、美债信用风险三重逻辑未变， 中长期配置价值仍存。 证券时报头条评论：以差异化披露推动"龙虎榜"高质量发展 据新华社报道，印度东部西孟加拉邦近期出现尼帕病毒感染病例，目前已报告5例确诊病例，其中一名 患者病情危重。泰国、尼泊尔等国已在机场和边境口岸加强防疫检测。 报道称，近100人被要求居家隔离，感染者正在该邦首府加尔各答及周边医院接受治疗，其中一名患者 病情危重。据世界卫生组织（WHO） ...

Core Viewpoint - The company, Hunan Keli Yuan New Energy Co., Ltd., anticipates significant growth in net profit for the year 2025, with projections indicating an increase of 72.76% to 102.20% compared to the previous year [2][4]. Financial Performance Forecast - The company expects to achieve a net profit attributable to shareholders ranging from 135 million to 158 million yuan for the year 2025, which represents an increase of 56.85 million to 79.85 million yuan compared to the previous year [4]. - After excluding non-recurring gains and losses, the projected net profit is estimated to be between 75 million and 98 million yuan, reflecting a substantial growth of 1,156.74% to 1,542.15% year-on-year [2][4]. Previous Year Performance - In the previous year, the total profit was 46.80 million yuan [6]. - The net profit attributable to shareholders was 78.14 million yuan [7]. - The net profit after excluding non-recurring gains and losses was 5.97 million yuan [8]. Reasons for Profit Increase - The increase in profit is attributed to steady growth in core business operations, particularly in the nickel battery sector, where sales volume has risen significantly due to increased demand from key customers [10]. - The consumer battery segment has also seen revenue growth, contributing to higher profit margins, especially with an increased stake in a subsidiary [10]. - The emerging energy storage business has become a new profit driver, with the company capitalizing on market opportunities and increasing strategic investments in this area [11]. - Investment income has also risen due to growth in revenue and net profit from associated enterprises [11].