证券代码：001301 证券简称：尚太科技 公告编号：2025-063 石家庄尚太科技股份有限公司 关于 2023 年限制性股票激励计划 部分限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、石家庄尚太科技股份有限公司（以下简称"公司"）本次回购注销的限 售性股票 50,000 股，涉及激励对象 5 名，约占公司股本总额 260,887,350 股的 0.0192%，占 2023 年限制性股票激励计划授予限制性股票数量 1,226,250 股（包 括首次授予和预留授予）的 4.0775%； 2、针对首次授予的尚未解除限售的限制性股票，本次回购注销的限制性股 票价格由 26.75 元/股调整为 25.95 元/股加上中国人民银行同期存款利息之和； 公司 2023 年限制性股票激励计划的预留授予部分限制性股票回购价格为 22.51 元/股加上中国人民银行同期存款利息之和。公司拟用于本次限制性股票回购的 资金总额 1,163,672.55 元，资金来源为自有资金； 3、截至本公告披露日，公司已在中国证券登记结算有限责任公司 ...

石家庄尚太科技股份有限公司 证券代码：001301 证券简称：尚太科技 公告编号：2025-064 一）公司未在下列期间内回购股份： 关于股份回购进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 石家庄尚太科技股份有限公司（ 以下简称（ 公司"）于2024年10月13日召开 了第二届董事会第十二次会议，并于2024年10月30日召开2024年第三次临时股东 大会，审议通过（ 关于以集中竞价交易方式回购公司股份方案的议案》，同意公 司使用自有资金或自筹资金以集中竞价交易方式回购公司部分已发行的人民币 普通股（ A股）股票，并在未来合适时机将回购股份用于实施员工持股计划及/或 股权激励。回购股份的实施期限为自公司股东大会审议通过本次回购方案之日起 12个月内，回购价格不超过人民币65.83元/股 含），拟用于回购股份的资金总 额为不低于5,000万元（ 含），不超过人民币10,000万元（ 含），具体回购资金总 额以实际使用的资金总额为准。具体内容详见公司分别于2024年10月15日及2024 年10月31日披露于巨潮资讯网（ www.cninfo. ...

Investment Rating - The report suggests a cautious outlook on the renewable energy manufacturing sector, with a focus on specific segments such as offshore wind, global energy storage, and power equipment [1][3]. Core Insights - The report indicates that the supply growth in the renewable energy sector has significantly slowed, with fixed asset growth expected to be in single digits for the next year. However, certain sectors are anticipated to see a recovery in return on equity (ROE) as demand increases and operating rates improve [1][2]. - The report highlights that leading companies in lithium batteries, wind energy, energy storage, and power equipment have shown substantial year-on-year growth in contract liabilities, indicating a marginal recovery in demand at the bottom of the industry cycle [1][2][3]. - The report emphasizes the importance of understanding the differences in supply and demand growth rates across various segments and the marginal changes in industry dynamics, recommending a focus on segments with a higher probability of profit improvement [1][3]. Supply Side Analysis - The supply growth rate for renewable energy has noticeably slowed, with projections for fixed asset growth in lithium batteries, photovoltaics, wind energy, energy storage, and ultra-high voltage equipment at 8%, 8%, 5%, -5%, and -6% respectively for the next year [2]. - The report notes that the capital expenditure and investment sentiment indicators have significantly declined due to a phase of supply-demand imbalance, leading to a substantial contraction in industry profitability [2]. Demand Side Analysis - The report presents strong year-on-year growth in contract liabilities for leading sectors: lithium battery leaders (80%), onshore wind (62%), offshore wind (35%), energy storage (over 60%), and power equipment (40% for exports, over 70% domestically excluding ultra-high voltage) [2][18]. - It highlights that the decline in contract liabilities for photovoltaics and lithium batteries (excluding CATL) is primarily due to falling prices in the supply chain, which has reduced the unit value of products [2]. Profitability Analysis - The energy storage sector has benefited from rapid revenue growth and stable gross margins, achieving a profit increase of 70%-100%. In contrast, the photovoltaic sector has faced significant profit declines due to large impairment provisions and competitive pressures [3][17]. - The profitability of wind energy and power equipment remains relatively stable, with net profit growth rates in Q1 ranging from 10% to 30% [3][17]. Investment Recommendations - The report advises focusing on segments with potential for marginal improvement in ROE, particularly offshore wind, global energy storage, power equipment (both ultra-high voltage and export), leading lithium battery companies, and onshore wind [3][11].

海上风电迎来密集开工，英联股份持续拓宽复合集流体合作版图 光伏：硅料价格继续下跌，成交价环比下降 2.6~2.7%。根据硅料分会报道， 随着 5、6 月下游排产开始下调，本周硅料价格继续下跌。n 型复投料成交价 格区间为 3.70-4.50 万元/吨，成交均价为 3.92 万元/吨，环比下降 2.73%；n 型颗粒硅成交价格区间为 3.60-3.80 万元/吨，成交均价为 3.70 万元/吨，环比 下降 2.63%；p 型多晶硅成交价格区间为 3.10-3.50 万元/吨，成交均价为 3.23 万元/吨，环比下降 2.12%。目前预计 5 月硅料排产在 10 万吨左右，关注后 续降排产情况。核心关注两大方向：1）供给侧偏刚性、后续需求复苏后价格 弹性更大的硅料和玻璃，核心关注协鑫科技、通威股份、福莱特等。2）新技 术背景下带来的中长期成长性机会，核心关注爱旭股份、聚和材料等。 风电&电网：海上风电迎来密集开工。包括华能山东半岛北 L 场址海上风电项 目、浙江舟山普陀 2#海上风电场项目开工、瑞安 2 号 600MW。风电板块， 关注海缆：东方电缆、中天科技、亨通光电、起帆电缆，桩基：天顺风能、海 力风电、大金 ...

电力设备 海上风电迎来密集开工，英联股份持续拓宽复合集流体合作版图 光伏：硅料价格继续下跌，成交价环比下降 2.6~2.7%。根据硅料分会报道， 随着 5、6 月下游排产开始下调，本周硅料价格继续下跌。n 型复投料成交价 格区间为 3.70-4.50 万元/吨，成交均价为 3.92 万元/吨，环比下降 2.73%；n 型颗粒硅成交价格区间为 3.60-3.80 万元/吨，成交均价为 3.70 万元/吨，环比 下降 2.63%；p 型多晶硅成交价格区间为 3.10-3.50 万元/吨，成交均价为 3.23 万元/吨，环比下降 2.12%。目前预计 5 月硅料排产在 10 万吨左右，关注后 续降排产情况。核心关注两大方向：1）供给侧偏刚性、后续需求复苏后价格 弹性更大的硅料和玻璃，核心关注协鑫科技、通威股份、福莱特等。2）新技 术背景下带来的中长期成长性机会，核心关注爱旭股份、聚和材料等。 风电&电网：海上风电迎来密集开工。包括华能山东半岛北 L 场址海上风电项 目、浙江舟山普陀 2#海上风电场项目开工、瑞安 2 号 600MW。风电板块， 关注海缆：东方电缆、中天科技、亨通光电、起帆电缆，桩基：天顺风能、海 力 ...

点击阅读原文，即可报名参会！ 太科技4月28日在电话会议上表示，2025年公司目前要重点推进的产能建设计划具体是在马来西亚建设年产5万吨锂电池负极材料项目（马来 西亚项目）和山西省晋中市昔阳县建设年产20万吨锂离子电池负极材料一体化项目（即山西四期），上述项目预计均将在2025年第三季度开 始建设。 鉴于当前形势，为进一步扩展海外客户和海外市场，公司将进一步努力，全力推进 马来西亚项目的建设，预计该项目有望在2026年上半年进 入投产状态。到2027年，公司人造石墨负极材料有效产能将超过50万吨。 （ 来源： 人民财讯） | 往 | 期 | 回 顾 | | --- | --- | --- | | 01 | ｜ | 七大电芯厂业绩PK！ | | 02 | ｜ | 注资20个亿！宁德时代新设子公司 | | 03 | ｜ | 巨头退场！松下宣布关闭光伏业务部门 | | | ｜ 举办 | 2025起点轻型动力电池及两轮车换电大会7月10-11日无锡 | | 04 | | | ...

Group 1 - CATL's Luoyang base project phase one has been fully operational, achieving a cumulative output value exceeding 5 billion yuan, with an annual capacity of 30GWh [2] - The Luoyang base has all production lines in operation, with over 95% of production equipment connected to the network, producing one cell every second and one battery pack every 2.5 minutes [2] - CATL is also progressing with the construction of phase two of the Luoyang base, which is set to start in May 2024 [2] Group 2 - CATL has become the first company to pass the new national standard for power batteries, receiving two GB 38031-2025 safety requirement testing reports [3][4] - The new standard will officially be implemented on July 1, 2026 [4] Group 3 - Chuangneng New Energy and Huachuang New Materials have signed a strategic cooperation agreement for a lithium battery copper foil project, with Huachuang supplying 150,000 tons of raw materials over the next five years [5] - Ganfeng Lithium has signed a strategic cooperation agreement with Shenzhen Tianbangda Technology for over 5GWh of battery management systems (BMS) in 2025 [6] Group 4 - Funeng Technology reported a net loss reduction of 1.538 billion yuan in 2024, with total revenue of 11.68 billion yuan and ranking third in national power battery export volume [7] - Ruipu Lanjun has signed a strategic cooperation agreement with Yufeng Future for eVTOL aircraft energy solutions, providing customized high-nickel battery solutions [8] Group 5 - Guoxuan High-Tech has commenced construction of the largest battery manufacturing base in western China, with a project area of approximately 158,000 square meters [9] - Zhuhai Guanyu's quasi-solid-state battery project has passed expert acceptance, achieving key technological breakthroughs [10] Group 6 - XWANDA reported a 21.23% increase in net profit for Q1 2025, with total revenue of 12.289 billion yuan [11] - A 5.8 billion yuan cylindrical battery project has been signed in Sichuan, focusing on lithium-ion battery production lines [12] Group 7 - SK On has been selected as the battery supplier for the US electric vehicle startup Slate, with a contract to supply 20GWh of batteries from 2026 to 2031 [13][14] - Samsung SDI plans to promote its latest ESS battery products at an upcoming battery exhibition in Europe [15] Group 8 - A major negative electrode material base has been initiated in Ningxia, with a total investment of 31 billion yuan, including projects for lithium iron phosphate and artificial graphite [17] - Zhenhua New Materials has postponed the implementation of its positive electrode material production line project [18] Group 9 - A 100,000-ton lithium iron phosphate project has received environmental approval, with plans to be operational by June 2026 [20][21] - LG Energy has announced plans to build a battery recycling plant in partnership with Derichebourg, with a processing capacity of over 20,000 tons [33] Group 10 - BYD reported a revenue of approximately 170.4 billion yuan in Q1 2025, with a net profit increase of 100.38% [37] - The company aims to sell 5.5 million vehicles in 2025, with significant growth expected in overseas markets [37]

Core Viewpoint - The 2025 Summit on Lightweight Power Battery Technology aims to focus on lightweight battery technology and expand emerging application markets, highlighting the rapid growth of the lightweight power and small-scale energy storage markets driven by policy support, demand for instant delivery, and technological upgrades [1][3]. Event Background and Highlights - The event will feature the authoritative release of the Lightweight Power Battery and Two-Wheeled Vehicle Battery TOP Rankings, covering the top 20 lightweight power battery shipments in China and key segments in small-scale energy storage, drones, electric tools, and two-wheeled vehicles [3]. - The global two-wheeled vehicle battery swap market is experiencing rapid growth, with Chinese companies poised to capitalize on new opportunities due to industry chain integration advantages [3]. - The industry is facing challenges such as battery safety, market penetration, and cost optimization, which need urgent solutions [3]. - Companies are accelerating the development of high-safety, high-rate, high-energy density, long-cycle life, low-cost batteries with specialized performance advantages [3]. - AI technology is driving the research and optimization of new battery technologies and processes, significantly improving research efficiency [3]. Event Details - The 2025 Summit on Lightweight Power Battery Technology will take place on July 10-11, 2025, in Wuxi, Jiangsu, with an expected attendance of over 500 participants [4]. - The agenda includes specialized sessions on high-rate and fast-charging battery technologies, lightweight electric vehicle battery technologies, and small-scale energy storage battery technologies [5][7]. Participating Companies - Notable participating companies include Yadea, New Day, Aima, Niu Technologies, and various battery manufacturers such as CATL, BYD, and EVE Energy, as well as equipment and material suppliers [8]. Registration Information - The registration fee for the event is 2888 yuan per person, which includes a conference ticket, lunch, and a copy of the 2025 China Lightweight Power Battery Industry White Paper [9].

Core Viewpoint - The company reported strong financial performance in Q1 2025, with significant revenue and net profit growth, driven by the production ramp-up of its new integrated anode material project [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 1.628 billion yuan, representing a year-on-year increase of 89% and a quarter-on-quarter increase of 1.14% [1]. - The net profit attributable to shareholders was 239 million yuan, showing a year-on-year increase of 60.87% but a quarter-on-quarter decrease of 8.16% [1]. - The non-recurring net profit was 247 million yuan, with a year-on-year increase of 72.6% and a quarter-on-quarter increase of 4.17% [1]. Sales and Production - The estimated sales volume for Q1 2025 was between 69,000 to 70,000 tons, with a slight quarter-on-quarter increase attributed to the new production project [2]. - The average selling price for anode products was estimated at 23,000 to 24,000 yuan per ton, remaining stable compared to the previous quarter [2]. - The net profit per ton was stable at approximately 3,300 to 3,700 yuan [2]. Cost and Pricing Impact - The increase in petroleum coke prices is expected to impact profitability in Q2 2025, with a projected cost increase of approximately 1,176 yuan per ton due to higher prices [3]. - As of April 27, 2024, petroleum coke prices had decreased to 4,500 yuan per ton, down 23% from late February [3]. Capacity Expansion and Incentives - The company plans to construct a 200,000-ton integrated anode material project in Shanxi and a 50,000-ton project in Malaysia, both expected to start construction in Q3 2025 and reach production by 2026 [4]. - By 2027, the effective production capacity for artificial graphite anode materials is projected to exceed 500,000 tons [4]. - A stock incentive plan was announced in August 2024, with performance targets set for annual net profit or sales volume growth of no less than 25% from 2024 to 2026, reflecting confidence in future growth [4]. Investment Rating - The company maintains a "buy" rating, with projected net profits of 1.016 billion, 1.324 billion, and 1.500 billion yuan for 2025 to 2027, respectively [5]. - The target price for 2025 is set at 62.24 yuan, based on a reasonable PE ratio of 16 times [5].

石家庄尚太科技股份有限公司 投资者关系活动记录表 编号：2025-003 | | □特定对象调研 □分析师会议 | | | | | --- | --- | --- | --- | --- | | 投资者关 | □媒体采访 □业绩说明会 | | | | | 系活动类 | □新闻发布会 □路演活动 | | | | | 别 | □现场参观 | | | | | | 其他（电话会议） | |  | | | 活动参与 | 电话会议 人 122 | | | | | 人员 | | | | | | 上市公司 | 董事、副总经理、董事会秘书 李龙侠 | | | | | 接待人员 | | | | | | 时间 | 2025 年 4 日 20:00 | 月 | | 28 | | 地点 | 公司北苏总部二楼会议室 | | | | | 形式 | 线上电话会议 | | | | | | 一、公司 2025 年第一季度经营情况介绍 | | | | | | （一）2025 年第一季度情况 | | | | | | 2025 年第一季度，公司北苏二期项目陆续投产，订单饱满保证 | | | | | | 了新增产能的充分释放，新增产能快速转化为销售订 ...