Group 1 - The stock price of Yema Battery closed at 25.20 yuan on August 27, 2025, down by 1.59 yuan, a decrease of 5.94% from the previous trading day [1] - The trading volume on that day was 164,670 hands, with a transaction amount of 438 million yuan [1] - Yema Battery operates in the battery manufacturing industry, focusing on the research, production, and sales of high-performance, environmentally friendly zinc-manganese batteries, primarily used in household appliances, electric toys, and medical devices [1] Group 2 - According to the company's semi-annual report for 2025, it achieved an operating revenue of 585 million yuan in the first half of the year, representing a year-on-year growth of 11.21% [1] - However, the net profit attributable to the parent company was 30.63 million yuan, a year-on-year decline of 55.13% [1] - The net cash flow from operating activities was 62.67 million yuan, showing a significant year-on-year increase of 111.88% [1] Group 3 - On August 27, the net outflow of main funds was 46.33 million yuan, with a cumulative net outflow of 84.65 million yuan over the past five days [1]

Core Viewpoint - Company held a conference call with 23 institutions to discuss its performance and future prospects, highlighting significant growth in various business segments [1][3] Financial Performance - For the first half of 2025, the company reported revenue of 26.985 billion yuan, a year-on-year increase of 12.82% [1] - Net profit attributable to shareholders was 856 million yuan, up 3.88% year-on-year [1] - Revenue breakdown by product category: - Consumer battery business: 13.890 billion yuan, up 5.22% [1] - Electric vehicle battery business: 7.604 billion yuan, up 22.63% [1] - Energy storage systems: 1.004 billion yuan, up 68.85% [1] - Other businesses: 4.486 billion yuan, up 14.39% [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.60 yuan per 10 shares, totaling approximately 110.297 million yuan [2] Product and Market Developments - The company achieved a 93.04% year-on-year increase in power battery shipments, totaling 16.08 GWh in the first half of 2025 [3] - The first generation of semi-solid batteries has been developed with an energy density exceeding 300 Wh/kg, and the second generation is in trial testing [3] - The company has submitted its A1 prospectus to the Hong Kong Stock Exchange, with the listing process subject to regulatory approvals [3] - New product launches include a fast-charging battery capable of charging in 5 minutes, with the world's first 1,400A fast-charging battery [3]

（文章来源：证券日报） 证券日报网讯德尔股份8月27日在互动平台回答投资者提问时表示，公司固态电池为氧化物电解质路 线，安全性高、耐高温性能好。安全性方面，公司固态电池不仅通过了针刺、加热和过充电等安全试 验，也通过了UN38.3标准认证，确认了公司固态电池在海运和空运运输过程中的稳定性和安全性。耐 高温性能而言，公司的固态电池依靠自然散热，即可在较高温度条件下连续正常工作。同时，公司固态 电池制备采用成熟的涂布工艺，流程简单、易于批量生产。 ...

Group 1 - The company is actively expanding its battery business related to drones and has provided battery products for clients such as DJI [2] - Currently, the revenue contribution from the drone battery business is very low [2]

证券研究报告 | 2025年08月27日 骆驼股份（601311.SH） 优于大市 出口放量叠加锂电盈利修复，净利润持续增长 海外与国内业务持续推进，公司业绩稳定增长。骆驼股份 25Q2 营收 38.6 亿 元，同比-5%，环比-7%，归母利润 2.95 亿元，同比+87%，环比+25%，扣非 1.99 亿元，同比+13.9%，环比-3%。25Q2 毛利率 15.0%，同比+0.5pct，环比 -0.8pct；整体来看，公司汽车低压铅酸电池产销量较上年上半年累计销售 1917 万 KVAH，同比+0.8%；汽车低压锂电池累计销售 22.9 万 KWH，同比+274%； 另外公司持续布局海外产能、加大渠道建设，整体出口业务同样贡献增量。 费用管控稳定，锂电毛利率持续修复。费用层面，25Q2 骆驼股份销售/管理/ 研发费用率分别为 4.3%/2.5%/1.9%，同比分别-0.1/-0.2/+0.1pct，环比分 别-0.1/+0.1/+0.2pct。盈利能力层面，25Q2 公司销售毛利率 15.0%，同比 +0.5pct，环比-0.8pct，公司盈利能力依旧稳健扎实。25H1 公司低压锂电毛 利率持续提升，25H ...

证券代码：002850 证券简称：科达利 公告编号：2025-060 债券代码：127066 债券简称：科利转债 深圳市科达利实业股份有限公司 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。 一、担保情况概述 深圳市科达利实业股份有限公司（以下简称"公司"或"深圳科达利"）经 第五届董事会第十三次（临时）会议审议通过了《关于为全资子公司提供担保的 议案》，同意公司为支持境外全资子公司 Kedali Hungary Kft.（科达利匈牙利有限 责任公司） （以下简称"匈牙利科达利"）生产经营需要，为匈牙利科达利购买铝 材向对应原材料供应商出具的银行付款保函提供担保，担保金额不超过 500 万欧 元（以当时汇率折合人民币约 4,000 万元），担保期限自董事会审议通过之日起 司提供担保的公告》（公告编号：2024-089）。 二、担保进展情况 单位：万欧元 | 担保方 | 被担保 担保方 | | | 被担保方最 | | 经审批可用 | 本次担保前 | | 本次担 | | 本次担 | 剩 | | --- | --- | --- | --- | --- | --- | ...

Core Insights - Jinzhai Guoxuan New Energy Co., Ltd. has undergone a business change, with CITIC Financial Assets (02799.HK) added as a shareholder [1] - The registered capital of the company has increased from 1 billion RMB to approximately 1.574 billion RMB [1] - The company was established in March 2023 and is involved in battery manufacturing, battery sales, and new energy equipment manufacturing [1] Company Information - Jinzhai Guoxuan New Energy Co., Ltd. is co-owned by Hefei Guoxuan High-Tech Power Energy Co., Ltd. and CITIC Financial Assets Management Co., Ltd. [1] - The legal representative of the company is Meng Lingkui [1]

Group 1 - The core viewpoint of the news is that Wanli Co., Ltd. experienced a 5% decline in stock price, reaching 11.02 yuan per share, with a total market capitalization of 1.689 billion yuan [1] - Wanli Co., Ltd. is primarily engaged in the research, production, and sales of lead-acid batteries, with 99.03% of its revenue coming from this segment [1] - The company is located in Chongqing, China, and was established on July 18, 1992, with its stock listed on March 24, 1994 [1] Group 2 - According to data, the Noan Multi-Strategy Mixed A Fund holds 989,900 shares of Wanli Co., representing 0.44% of the fund's net value, making it the seventh-largest holding [2] - The Noan Multi-Strategy Mixed A Fund has achieved a return of 66.58% year-to-date and 133.99% over the past year, ranking 172 out of 8194 and 58 out of 7963 respectively [2] - The fund managers, Kong Xianzheng and Wang Haichang, have had varying performance during their tenure, with Kong achieving a best return of 81.64% and Wang achieving a best return of 68.86% [2]

8月27日下午，宁德时代A股成交额达100亿元，现跌超3%。 ...

Core Viewpoint - The article highlights the significant developments in the sodium battery industry, emphasizing the upcoming GWH-level production and the establishment of new companies in the sector [3][5]. Company Developments - Zhongling New Energy Technology (Zhejiang) Co., Ltd. was established on August 25, with a registered capital of 1 billion yuan, focusing on battery manufacturing and sales [3]. - The company is jointly owned by Leap Motor (09863.HK) and Zhongchuang Xinhang (03931.HK), with the latter two holding 51% and 49% of the joint venture, respectively [4][5]. Financial Performance - Leap Motor reported a revenue of 24.25 billion yuan for the first half of 2025, marking a 174% year-on-year increase, with a gross margin of 14.1%, up 13% from the previous year [6]. - The company achieved a net profit for the first time in its history, becoming the second Chinese new car manufacturer to report a positive half-year profit [5][6]. - Leap Motor delivered 221,664 vehicles in the first half of 2025, a 155.7% increase compared to the same period in 2024, leading the sales among new energy vehicle brands in China [6].