10月30日晚，格林美（002340）披露2025年三季报。公司前三季度实现营业收入274.98亿元，同比增长 10.55%；实现归母净利润11.09亿元，同比增长22.66%。其中，第三季度实现营业收入99.37亿元，同比 增长31.89%，实现归母净利润3.1亿元，同比增长52.99%。 今年前9月，格林美在关键金属资源循环利用、动力锂电池循环利用与新能源电池材料业务的持续发 力，关键金属循环回收增量、印尼镍资源全面达产、高端新能源材料市场持续突破，推动了公司业绩创 历史新高。 据悉，2025年9月，格林美印尼年产3万吨电积镍产线正式开通，标志着公司镍资源产业链的海外布局取 得又一重大战略突破，成为印尼首个镍资源到"MHP—硫酸镍晶体—电积镍—高镍三元前驱体"的镍资 源及下游全产业链基地；2025年7月，格林美全球首款且唯一实现产业化的超高镍9系四元核壳前驱体量 产发货，代表了锂电前驱体制造领域的全球最高技术成就，成功填补了全球超高镍9系四元核壳前驱体 领域产业化的空白。 2025年前三季度，格林美回收钨资源出货量达到5590吨(WC计)，同比增长22%；回收拆解的动力电池 达到36,643吨，同比增长5 ...

Core Viewpoint - The article discusses the strategic cooperation agreement signed between Xiamen Tungsten New Energy and Greeenme, aimed at enhancing their partnership in the supply chain of battery materials to meet the growing global demand for high-energy-density battery materials [1][4]. Group 1: Strategic Cooperation Agreement - On October 25, Xiamen Tungsten New Energy announced the signing of a strategic cooperation framework agreement with Greeenme [1]. - The agreement focuses on leveraging both companies' strengths in key metal resource recycling, raw material supply, technology research and development, and market expansion [1]. - The goal is to address global market challenges and enhance corporate efficiency through long-term stable cooperation [1]. Group 2: Product Supply Collaboration - Both companies agreed to establish a long-term partnership for the supply chain of battery materials used in various sectors, including consumer electronics, power, low-altitude aircraft, eVTOL, AI, and robotics [1]. - The materials involved include ternary materials for lithium batteries, lithium cobalt oxide, solid-state lithium battery materials, semi-solid lithium battery materials, and lithium-rich manganese-based products [1]. Group 3: Supply Volume and Forecast - From 2026 to 2028, Greeenme is expected to supply Xiamen Tungsten New Energy with 150,000 tons of various battery raw materials and products annually [4]. - This includes approximately 36,000 tons/year of cobalt chloride, 36,000 tons/year of nickel sulfate, 18,000 tons/year of cobalt oxide, 36,000 tons/year of ternary precursors, and 24,000 tons/year of lithium carbonate/lithium phosphate, all including recycled materials [4]. - The total supply over three years is projected to be 450,000 tons [4].