截至2025年8月25日收盘，永杉锂业股价报10.52元，较前一交易日上涨0.86%，成交额2.44亿元。 永杉锂业主要从事锂盐产品的研发、生产和销售，业务涵盖锂资源开发及深加工，产品应用于锂电池、 新材料等领域。 消息面上，公司将于2025年9月10日召开第二次临时股东大会，审议取消监事会及变更注册资本等议 案。此外，公司上半年营业收入23.92亿元，同比下降28.63%，净亏损1.44亿元。 资金方面，8月25日主力资金净流入98.15万元，近五日主力资金净流出6656.04万元。 风险提示：市场有风险，投资需谨慎。 ...

锦州永杉锂业股份有限公司2025 年半年度报告 公司代码：603399 公司简称：永杉锂业 锦州永杉锂业股份有限公司 锦州永杉锂业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人杨希龙、主管会计工作负责人林宏志及会计机构负责人（会计主管人员）林宏 志声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相 ...

晨会纪要 晨会纪要 核心观点： 一、宏观经济组： 事件： 美国货币政策框架调整包括：一是删除零利率下限（ELB）是经济决定性特征的表 述；二是取消 2020 年平均通胀目标制（FAIT），即补偿策略，回归灵活通胀目标 制框架（FIT）；三是删除了此前"决策将依据就业低于最大水平的评估"的表述； 四是在广泛经济环境下，即就业与通胀目标无法兼顾时，应采取平衡策略推进双 重目标，即最大就业和物价稳定。 8 月 22 日（星期五）22 点，美联储主席鲍威尔在杰克逊霍尔央行年会上的讲话。 分析师：刘笑瑜 评论： 8 月 22 日，美联储主席鲍威尔在美国怀俄明州杰克逊霍尔央行年会上发表《货币 政策与美联储评估框架》（Monetary Policy and the Fed's Framework Review） 的演讲，这次讲话之所以备受市场关注，不仅是因为这是鲍威尔任期内最后一次 在全球央行年会上发表讲话，而且杰克逊霍尔央行年会通常是美联储发布新的货 币政策框架，并披露下一步行动线索的场所。 美联储主席鲍威尔在年会上，一是对于就业市场：鲍威尔认为虽然失业率未显著 上行，但贸易与移民政策变化使得就业供需共同走弱，特别是在劳 ...

Investment Rating - The industry is rated as "Recommended" [5] Core Insights - In Q2 2025, lithium sales volume increased by 2% year-on-year to 53,100 tons, while the average price decreased by 34% year-on-year to $8,384 per ton [1] - The company expects significant increases in lithium sales volume in the second half of 2025, with an updated annual sales guidance of approximately 20,000 tons LCE [11][12] Summary by Sections Lithium Business - Q2 2025 lithium sales volume was 53,100 tons, a 2% increase year-on-year but a 3% decrease quarter-on-quarter [1] - Average realized price for lithium was $8,384 per ton, down 34% year-on-year and 8% quarter-on-quarter [1] - Unit sales cost for lithium was $7,112 per ton, down 24% year-on-year and nearly flat quarter-on-quarter [1] - Unit gross profit for lithium was $1,272 per ton, down 62% year-on-year and 38% quarter-on-quarter [1] Specialty Plant Nutrition (SNP) - Q2 2025 SNP sales volume was 264,800 tons, a 1% decrease year-on-year and a 22% increase quarter-on-quarter [2] - Average realized price for SNP was $983 per ton, up 1% year-on-year and quarter-on-quarter [2] - Unit sales cost for SNP was $856 per ton, up 7% year-on-year and 6% quarter-on-quarter [2] - Unit gross profit for SNP was $127 per ton, down 28% year-on-year and 26% quarter-on-quarter [2] Iodine and Derivatives - Q2 2025 iodine and derivatives sales volume was 3,800 tons, a 7% decrease year-on-year and a 6% increase quarter-on-quarter [3] - Average realized price for iodine was $71,395 per ton, up 9% year-on-year and 1% quarter-on-quarter [3] - Unit sales cost for iodine was $33,724 per ton, up 11% year-on-year and 6% quarter-on-quarter [3] - Unit gross profit for iodine was $37,671 per ton, up 7% year-on-year but down 3% quarter-on-quarter [3] Potash - Q2 2025 potash sales volume was 85,300 tons, a 55% decrease year-on-year and a 15% decrease quarter-on-quarter [4] - Average realized price for potash was $474 per ton, up 23% year-on-year and 12% quarter-on-quarter [4] - Unit sales cost for potash was $433 per ton, up 25% year-on-year and 16% quarter-on-quarter [4] - Unit gross profit for potash was $41 per ton, up 1% year-on-year but down 15% quarter-on-quarter [4] Financial Performance - In Q2 2025, total revenue was $1.0427 billion, a 19% decrease year-on-year but a 1% increase quarter-on-quarter [6] - Sales cost was $789.1 million, down 13% year-on-year and up 8% quarter-on-quarter [6] - Gross profit was $253.6 million, down 34% year-on-year and 17% quarter-on-quarter [6] - Pre-tax profit was $147 million, down 49% year-on-year and 31% quarter-on-quarter [6][7] - Net income after tax was $88.4 million, down 59% year-on-year and 36% quarter-on-quarter [7]

Mergers and Acquisitions - Chongqing Water announced the acquisition of 100% equity of Chongqing Yujing Water Co., Ltd. for 354 million yuan, which does not constitute a major asset restructuring [1] - Wanlong Magnetic Plastic plans to acquire 100% equity of Taizhou Tianen Electronics Co., Ltd. for 236 million yuan, focusing on the development, production, and sales of glass products for home appliance components [2] - Tailin Micro is planning to purchase all or part of the equity of Shanghai Panqi Microelectronics Co., Ltd. through a combination of issuing shares and cash, with the transaction expected not to constitute a major asset restructuring [3] Performance Disclosure - Jiu Gui Jiu reported a 43.54% decrease in revenue to 561 million yuan and a 92.6% drop in net profit to 8.955 million yuan for the first half of 2025, citing ongoing adjustments in the liquor industry [4] - Ping An Bank's revenue for the first half of 2025 was 69.385 billion yuan, down 10%, with a net profit of 24.87 billion yuan, a decrease of 3.9% [5] - Ganfeng Lithium reported a revenue of 8.376 billion yuan, down 12.65%, and a net loss of 531 million yuan for the first half of 2025, impacted by price declines in the lithium market [6] - China CNR Corporation achieved a revenue of 119.758 billion yuan, up 32.99%, and a net profit of 7.246 billion yuan, an increase of 72.48% [7] Shareholding Changes - Xin Qiang Lian's controlling shareholders plan to reduce their holdings by up to 2.3385 million shares and 4.677 million shares, respectively [8] - Changjiang Electric Power's controlling shareholder plans to increase its stake in the company by 4 billion to 8 billion yuan over the next 12 months [10]

22日，赣锋锂业发布2025年半年度财报： 赣锋锂业2025年上半年营收同比下降12.65%，净利润为-5.31亿元，同比改善30.13%。锂化合物业务占营业收入56.78%，同比下降27.16%，主要受锂价 下跌影响。锂电池业务营收同比增长9.89%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 8,376,096,469.08 | 9,588,814,082.87 | -12.65% | | 归属于上市公司股东的净利 | -531.239.266.40 | -760,376,878.19 | 30.13% | | 润(元) | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | -912.845.436.11 | -160,391,102.36 | -469.14% | | (元) | | | | | 经营活动产生的现金流量净 | 300.344.610.17 | 3,942.499.110.27 | -92.38% | | 额(元) | | | | | 基本每股收益(元/股) | -0.27 ...

格隆汇8月22日丨盛新锂能(002240.SZ)公布半年度报告，2025年上半年，锂盐行业受周期下行的持续影响，产品价格低位运行，根据上海有色网的数据，电池级碳酸锂的价格从年初的7.5万 ...

人民财讯8月22日电，赣锋锂业（002460）8月22日晚间披露2025年半年报，公司上半年实现营业收入 83.76亿元，同比下降12.65%；归母净利润为亏损5.31亿元，上年同期亏损7.6亿元。报告期内，全球锂 盐行业经历深度调整，受供需格局转变、锂产品市场波动的影响，锂盐及锂电池产品销售价格下跌，公 司经营业绩同比有所下降。 ...

2025H1 利润同比+32.87%，看好公司长期成长，维持"买入"评级 2025H1，公司实现营收34.23 亿元，同比-13.04%；实现归母净利润1.36 亿元，同比+32.87%。其中， 2025Q2 单季度，公司实现营收18.86 亿元，同比-9.50%，环比+22.70%；实现归母净利润0.53 亿元，同 比-38.90%，环比-35.36%。我们看好公司长期成长空间，结合上半年锂盐价格和业绩情况，我们下调公 司2025-2027年盈利预测，预计公司2025-2027 年归母净利润分别为5.80（-2.23）、8.70（-2.68）、 12.02(-4.07)亿元，EPS 分别为0.50（-0.20）、0.75（-0.24）、1.04(-0.36)元，当前股价对应2025-2027 年 PE 为27.8、18.5、13.4 倍。我们看好公司作为国内民爆和锂行业领军企业之一，未来随锂盐价格回暖、 锂精矿自给率提升、民爆海外市场持续开拓等，业绩存在较大向上弹性，维持"买入"评级。 2025H1，公司民爆业务实现营业收入14.65 亿元，同比+3.7%；实现归母净利润2.53 亿，同比+2.4%。 20 ...

Investment Rating - The report maintains a "Recommended" rating for the company [3][6]. Core Views - The company reported a revenue of 3.423 billion yuan in the first half of 2025, a year-on-year decrease of 13.04%, while the net profit attributable to shareholders was 136 million yuan, an increase of 32.87% year-on-year [1]. - The lithium business faced challenges due to falling prices, with revenue declining by 26.28% to 1.764 billion yuan, resulting in a net loss of 127 million yuan [2]. - The company is expanding its self-owned mining capacity, with the Zimbabwe Kamativi lithium mine expected to produce 280,000 tons of lithium concentrate in 2025, significantly reducing lithium salt costs [3]. - The company is also increasing its lithium salt production capacity, with a total expected capacity of 130,000 tons by the end of 2025 [3]. - The overseas mining service business is seen as a new growth point, with a 25.06% year-on-year increase in revenue from blasting and mining services [3]. Summary by Sections Financial Performance - In the first half of 2025, the company achieved a revenue of 3.423 billion yuan, down 13.04% year-on-year, and a net profit of 136 million yuan, up 32.87% year-on-year [1]. - The second quarter of 2025 saw a revenue of 1.886 billion yuan, a decrease of 9.5% year-on-year but an increase of 22.7% quarter-on-quarter [1]. Business Segments - Lithium Business: Revenue decreased by 26.28% to 1.764 billion yuan, with a net loss of 127 million yuan due to falling lithium prices [2]. - Explosives Business: Revenue increased by 3.7% to 1.465 billion yuan, with a net profit of 253 million yuan, supported by export growth and increased market share in the Sichuan region [2]. Future Outlook - The company expects to achieve net profits of 610 million yuan, 950 million yuan, and 1.39 billion yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 27, 17, and 12 times based on the closing price on August 20 [3][5].