相比于其他负极材料企业，中科电气去年业绩还不错， 2024 年年报显示该公司营收约 55.8 亿元，同比增长约 13.7% ；净利润约 3 亿 元，同比增长约 626.5% 。 今年 Q1 公司营收则约 16 亿元，同比增长约 50% ；净利润约 1.3 亿元，同比增长约 465.8% 。 今年储能和两轮车大单不断，传导至上游材料环节，多家正极材料企业斩获项目，负极材料也开始有新消息出现。 起点锂电获悉，中科电气准备在中东建立大型锂电负极材料项目， 6 月 4 日该公司公告称计划通过子公司湖南中科星城的香港子公司中科香 港控股在阿曼布局， 建设年产 20 万吨负极材料基地，总投资不超过 80 亿元人民币。 项目分两期，每期产能规划 10 万吨 / 年，建设周期 预计各 36 个月。 不过该公司在进行该项目的同时，也计划延缓另一项目。 公告提到，为确保 出海项目 稳步、有序推进，已审议通过的摩洛哥负极材料项目 将 延缓建 设， 摩洛哥项目于 去年 4 月提出，计划投资 50 亿元人民币， 建设 年 产 10 万吨负极材料基地。 也就是说，目前仅有能力确保一个项目实施顺利，属于拆东墙补西墙。公司也表示： "资金来 ...

Core Viewpoint - The article discusses the recent developments in the lithium battery materials sector, particularly focusing on the strategic shift of Zhongke Electric towards establishing a large-scale anode material project in Oman while delaying another project in Morocco due to financial pressures and market conditions [1][2]. Group 1: Company Developments - Zhongke Electric plans to build a 200,000-ton annual capacity anode material base in Oman with a total investment of no more than 8 billion RMB, divided into two phases [1]. - The company has decided to delay the construction of a previously approved anode material project in Morocco, which was set to have a capacity of 100,000 tons and an investment of 5 billion RMB [2]. - The decision to shift focus from Morocco to Oman is attributed to the greater demand for energy transition in the Middle East, particularly in the energy storage sector, and the competitive landscape in Morocco [2]. Group 2: Financial Performance - In 2024, Zhongke Electric reported a revenue of approximately 5.58 billion RMB, a year-on-year increase of about 13.7%, and a net profit of around 300 million RMB, reflecting a significant year-on-year growth of approximately 626.5% [4]. - For Q1 2024, the company achieved a revenue of about 1.6 billion RMB, marking a year-on-year growth of approximately 50%, and a net profit of around 130 million RMB, with a year-on-year increase of about 465.8% [5]. - Despite a challenging market in 2023, Zhongke Electric managed to recover, indicating a strong performance in the latter half of the year, driven by high-performance product shipments and cost reductions [5]. Group 3: Market Dynamics - The article emphasizes that the solid-state battery technology has not yet reached mass production, meaning that the anode material market will not experience disruptive changes, with graphite anodes remaining dominant due to their low cost and mature technology [8]. - The U.S. has shown a need for Chinese-made anode materials despite trade tensions, as evidenced by the reduction of proposed tariffs on Chinese imports from 920% to 6.55% due to domestic production shortages in the U.S. [9][10]. - The competitive landscape for anode materials is expected to remain favorable for companies looking to expand internationally, while domestic price wars pose a significant challenge [10].