相关企业：浙江新时代中能科技股份有限公司、广东邦普循环科技有限公司 关键词：动力电池回收行业产业链、动力电池回收行业发展现状、动力电池回收行业发展趋势 一、动力电池回收行业定义及分类 内容概况：近年来，我国动力电池回收行业市场规模处于不断增长的态势。2023年，我国动力电池回收 行业市场规模达397亿元。2024年，我国动力电池回收行业市场规模约为485亿元。随着新能源汽车产业 的快速发展，退役动力电池数量增多，为回收行业带来了更多的资源，推动市场规模逐步扩大。在梯次 利用方面，技术研发取得了重要进展。企业能够对退役电池进行全面的检测、分类和重组，将性能较好 的退役电池应用于储能系统（如分布式储能、通信基站备用电源等）、低速电动车等领域。 相关上市企业：宁德时代（300750）、光华科技（002741）、格林美（002340）、豪鹏科技 （001283）、比亚迪（002594）、超越科技（301049）、中创新航（HK.03931）、亿纬锂能 （300014） 动力电池回收是指对使用过的动力电池（如锂离子电池、镍氢电池等）进行收集、拆解、处理和再利用 的一系列活动。其主要目的是减少环境污染、节约资源、降低对原 ...

Core Viewpoint - Company is advancing its battery technology with plans for mass production of second-generation semi-solid batteries with an energy density of 330Wh/kg and third-generation batteries reaching 400Wh/kg, while also exploring solid-state battery technologies with energy densities of 400-500Wh/kg [2] Group 1: Battery Technology Development - Company is developing multiple battery technologies including semi-solid, solid-state, lithium iron phosphate, high-voltage fast charging, and sodium-ion batteries [2] - The company’s products can support high-voltage fast charging, with SPS products achieving a full-system 6C fast charge [2] Group 2: Production Capacity and Profitability - Company has designed production capacities of 15GWh each for its Ganzhou and Guangzhou bases, with some production lines already operational and the rest expected to ramp up in the second half of the year [2] - The company anticipates a significant reduction in unit manufacturing costs as production capacity utilization increases in the second half of the year, leading to improved profitability [2] - Starting next year, as the utilization rate of new production bases increases, the company expects to see enhanced cost reduction effects and a significant improvement in gross margin [2] Group 3: Pricing and Cost Structure - The price of lithium carbonate has stabilized, and the company expects limited room for price reductions in downstream batteries [3] - The company anticipates a slight decrease in the overall average selling price of its products due to a shift in product mix towards lithium iron phosphate [3] - The company is implementing various cost reduction measures across manufacturing, management, and supply chain, which are expected to maintain a high gross margin [3] Group 4: Impact of Tariffs - Company indicated that the impact of U.S. tariffs on its exports and overseas market demand is minimal, with U.S. export revenue accounting for only about 5%-7% in the first quarter of 2024 and 2025 [3]

4 月 30 日，吉利汽车公告，公司附属公司 浙江吉润及关联方吉利汽车集团与浙江吉曜签订股权转让协议，分别出售吉利欣旺达 41.5% 和 28.5% 股权 ，对应代价为 4980 万元和 3420 万元人民币。 交易完成后，吉利汽车将不再持有吉利欣旺达任何权益。 实际上， 这是一笔 "左手倒右手"的交易，交易双方浙江吉曜、吉利汽车集团均由李书福最终控制。 此次 吉利汽车出售合资公司股权，只是 其电池业务战略整合的 一部分 。 4 月 23 日，吉利在 2025 上海车展宣布，已于近期完成对耀宁新能源、衢州极电、赣州耀能等旗下电池业务的战略整合，成立全新电池产 业集团——浙江吉曜通行能源科技有限公司，将原有的金砖电池、神盾短刀电池，统一整合为"神盾金砖电池"品牌。 公告指出，吉利汽车集团和浙江吉曜均由公司执行董事李书福（持股 41% ）及其关联人最终控制，因此此次交易构成关联交易。 此次交易完成后， 吉利欣旺达将由浙江吉曜持股 70% 、欣旺达子公司欣旺达动力持股 30% 。 至此，吉利汽车集团的电池业务整合又完成 了重要一步。 资料显示，吉利欣旺达成立于 2021 年 09 月 24 日，浙江吉润汽车有限公司 ...

来源：中国新闻网 为规范废旧动力电池回收利用，《办法》共7章27条，从区域中心建设、回收利用规范、鼓励支持措 施、监督检查、法律责任等方面为规范废旧动力电池回收利用活动提供制度支撑。 中新网成都5月7日电 (单鹏)《四川省新能源汽车废旧动力电池回收利用管理暂行办法》(以下简称《办 法》)政策吹风会7日在成都举行。会上透露，作为全国首个省级层面专门规范废旧动力电池回收利用工 作的规范性文件，《办法》将于今年6月1日起施行。 政策吹风会现场。 乔薇 摄 4月22日，四川省政府办公厅印发《办法》。在政策吹风会上，四川省经济和信息化厅党组成员、副厅 长、新闻发言人曾吉明表示，制定《办法》，是发展废旧动力电池循环利用产业的要求，也是规范废旧 动力电池回收利用活动的需要。 数据显示，截至2024年底，四川省新能源汽车保有量达140.2万辆，其中，成都作为全国汽车保有量第 一城，新能源汽车保有量已经达到93.25万辆。预计未来两至三年，四川省废旧动力电池将迎来第一轮 大规模"退役潮"，回收利用市场前景广阔。 但由于市场成本等原因，目前大量废旧动力电池流入小散乱的"小作坊"。此类"小作坊"不具备规范条 件，存在严重的安全隐患 ...

4月29日晚，孚能科技发布了2024年年度报告，报告期内，公司实现营收116.80亿元，实现归母净利润 为-3.32亿元。 孚能科技表示，公司本年度虽然营业收入同比有所下降，但归属于上市公司股东的净利润、归属于上市 公司股东的扣除非经常性损益的净利润的亏损均大幅收窄，主要包括了综合毛利率提升和推行降本增效 措施等原因。 随着广州工控逐步完成对孚能科技控股权的收购，公司表示，2025年公司将进一步利用广州工控的国资 背景和资源优势对公司的赋能作用，例如公司未来可积极融入广州乃至大湾区新能源汽车产业链、低空 经济产业链发展布局，加强和拓展与当地企业的业务合作，此外也有助于公司降低融资成本、优化公司 治理结构等，有利于公司长期稳健发展。 提前布局前沿技术 公司是全球三元软包动力电池的领军企业之一，是中国第一批实现量产三元软包动力电池的企业。公司 作为业内最早确立以软包动力电池结构为动力电池研发和产业化方向的企业之一，在市场方向把握和技 术路线判断方面体现出较强的前瞻性。 在前沿技术布局方面，2024年公司延续"投产一代、储备一代、开发一代"的技术研发思路，根据市场需 求适时将技术储备产业化，并储备了多项下一代动力电 ...

Group 1: CATL (宁德时代) - CATL is a global leader in the innovation of new energy technology, primarily engaged in the research, production, and sales of power batteries and energy storage batteries [1][2] - The company has maintained the number one global market share in power batteries for eight consecutive years, with a projected market share of 37.9% in 2024; it also ranks first in energy storage batteries for four years, with a projected market share of 37% in 2024 [1][2] - As of the end of 2024, CATL has established six R&D centers and thirteen battery manufacturing bases globally, serving 64 countries and regions, with over 1.7 million electric vehicles equipped with CATL batteries [1][2] Group 2: Financial Performance of CATL - CATL's revenue for 2022, 2023, and 2024 is projected to be RMB 328.59 billion, RMB 400.92 billion, and RMB 362.01 billion, respectively, with net profits of RMB 33.46 billion, RMB 47.34 billion, and RMB 55.30 billion [2] - In 2024, 30.5% of the company's revenue is expected to come from overseas markets [2] Group 3: Hengrui Medicine (恒瑞医药) - Hengrui Medicine, founded in the early 1970s, focuses on multiple therapeutic areas, including oncology, metabolism, cardiovascular diseases, immunology, and neuroscience, with over 110 commercialized drugs [3][4] - The company's revenue for 2022, 2023, and 2024 is projected to be RMB 21.27 billion, RMB 22.82 billion, and RMB 27.98 billion, respectively, with a compound annual growth rate exceeding 14%, significantly higher than the global pharmaceutical market's growth rate of about 4% [3][4] - Hengrui has established 14 global R&D centers and has initiated over 20 overseas clinical trials, with products commercialized in over 40 countries [4] Group 4: Strategic Initiatives of Hengrui Medicine - The company has a pipeline of over 90 candidate new molecular entity innovative drugs and has engaged in 14 licensing transactions with global partners since 2018, totaling approximately USD 14 billion [4] - Hengrui Medicine emphasizes a "dual-driven strategy" of "innovation + internationalization," positioning internationalization as a key focus for growth [4][5]

近年来，国内汽车产业链上下游企业逐步在加大对新能源汽车领域的投入。年报显示，苏奥传感新能源 部件2024年收入同比增长102.84%，占公司总营收的比例超过15%。但以现有资源，苏奥传感要实现从 传统汽车零部件供应商向新能源赛道供应商转型将面临不少难题。例如，由于缺乏充足的客户资源导致 市场拓展进度较慢，从而失去更多市场机会。苏奥传感称，如果通过自身对外并购或者产业整合，或将 面临更多潜在的不可控风险。 苏奥传感介绍，公司的传感器、热管理系统、新能源结构件及链接件，无论在动力电池还是储能领域均 有应用。此次与中创新航合作，将有利于双方在各自领域协同发展，进一步打开新的增长空间；同时， 也将为苏奥传感培育"第二增长曲线"赢得战略缓冲期。 中创新航表示，此次合作是基于对苏奥传感主营业务内在价值及未来发展前景的信心，有利于落实发展 战略。中创新航将充分发挥自身在新能源及汽车产业链等方面的资源和优势，为苏奥传感业务发展赋 能，进一步提升双方公司价值。 企业通过并购重组等方式为产业发展积蓄创新要素，将推动现有产业升级。此次中创新航拟收购苏奥传 感控制权，则是顺应政策导向，为双方协同发展蓄力。 据了解，苏奥传感及中创新航 ...

Group 1 - Suoao Sensor announced that Zhongchuang Innovation will acquire control of the company, becoming its controlling shareholder and actual controller, with trading resuming on May 7 [2][3] - This acquisition represents a new case of a leading power battery company establishing an "A+H" platform, as Zhongchuang Innovation previously listed in Hong Kong and is now taking control of Suoao Sensor to access the A-share market [3] - The top three companies in the domestic power battery market are CATL, BYD, and Zhongchuang Innovation, and if the acquisition is completed, all three will have "A+H" platforms [5] Group 2 - Zhongchuang Innovation signed a package agreement on May 6 to acquire Suoao Sensor, which includes a share transfer agreement, a voting rights waiver agreement, and a conditional share subscription agreement [5][6] - Zhongchuang Innovation will acquire 11% of Suoao Sensor's shares from its current controlling shareholder, Li Hongqing, and will also receive voting rights for an additional 19.55% of shares for 60 months [6][7] - Following the issuance of up to 119 million A-shares at a price of 5.63 yuan per share, Zhongchuang Innovation will hold 22.61% of Suoao Sensor's shares, becoming the controlling shareholder [5][6] Group 3 - Zhongchuang Innovation aims to leverage its resources and advantages in the new energy and automotive supply chain to empower Suoao Sensor, which specializes in automotive components [8] - Suoao Sensor has established strategic partnerships with leading new energy vehicle manufacturers such as BYD, NIO, and Xpeng [8] - The AMB (Active Metal Bonding) copper-clad ceramic substrate project is set to commence production in 2024, with strategic cooperation established with a global caliper manufacturer [9] Group 4 - The total investment for the AMB copper-clad substrate project is approximately 862.06 million yuan, with the funds raised from Zhongchuang Innovation's share issuance expected to cover 672.69 million yuan of this amount [11] - The AMB copper-clad substrate is a high-performance electronic packaging material with significant demand in the new energy vehicle sector, particularly for the 800V high-voltage platform [11][12] - As of April 24, Suoao Sensor's stock price was 7.28 yuan per share, with a total market capitalization of 5.799 billion yuan [12] Group 5 - Zhongchuang Innovation and CATL are involved in multiple intellectual property lawsuits, with 11 significant lawsuits filed in the past five years, totaling 1.223 billion yuan in claims [13][14] - The lawsuits primarily involve claims of intellectual property infringement against CATL, with several cases ongoing in various stages of litigation [14] - As of March 31, 2025, CATL, BYD, and Zhongchuang Innovation held market shares of 42.38%, 24.52%, and 5.16% respectively in the domestic power battery market [15]

近期政策利好与全球资金回流推动IPO活跃，涵盖科技、消费等多领域。 监管优化及中概股回归趋势进一步提振市场，投资者关注新股表现及长期市场稳定性。 "果链巨头蓝思科技赴港上市" "遇见小面冲击港交所中式面馆第一股" "赛力斯、宁德时代谋划A+H二次上市" 香港股市回暖，约150家企业排队等待上市，市场信心回升。 "'卡牌界泡泡玛特'卡游二次冲击港股IPO" "手握'零食很忙'和'赵一鸣零食'的鸣鸣很忙正式向港交所递交上市申请" ...... 今年一季度，港股新增51家上市申请，其中近四分之一为A股上市公司。截至2025年4月30日，剔除失效、撤回、被拒绝和被发回的拟上市公司后，还有 149家公司（来自全球）在港交所排队IPO，内地企业超100家。 除了已上市的企业，排队等候的A股公司也不在少数。截至2025年3月底，已有10多家A股上市公司递表申请在香港上市，包括蓝思科技、江波龙、先导智 能等。此外，赛力斯、兆威机电、三只松鼠等也已公告拟在香港上市。 特别值得关注的是，宁德时代作为全球动力电池龙头，已经于4月10日通过港交所上市聆讯。根据路透社报道，宁德时代计划最早5月6日起启动簿记建 档，募资金额高达50亿美 ...

Group 1 - The Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange have launched a "Special Line for Science and Technology Companies" to facilitate the listing of specialized technology and biotechnology companies, allowing them to submit applications confidentially [1] - This initiative aims to strengthen Hong Kong's position as a preferred listing platform for emerging and innovative companies, enhancing market vitality and supporting the development of innovative enterprises [1] Group 2 - Contemporary Amperex Technology Co., Limited (CATL) has passed the listing hearing at the Hong Kong Stock Exchange, planning to list on the main board, marking a significant step in its internationalization strategy [2] - CATL has maintained the top global market share in power batteries for eight consecutive years, with projected market shares of 37.9% in 2024 [2] - The company's revenues for 2022, 2023, and 2024 are reported at 328.6 billion yuan, 400.9 billion yuan, and 362 billion yuan respectively, with profits of 33.5 billion yuan, 47.3 billion yuan, and 55.3 billion yuan [2] Group 3 - Swire Pacific Limited plans to spin off its indirect non-wholly owned subsidiary TCPCL for an independent listing on the Stock Exchange of Thailand, having received confirmation for the spin-off [3] - TCPCL operates in 63 out of 77 provinces in Thailand and Laos, focusing on the preparation, packaging, distribution, and sale of non-alcoholic beverages under trademarks owned by Coca-Cola [3] - This move indicates Swire Pacific's strategy to optimize its business structure and enhance market competitiveness, potentially providing new investment opportunities [3] Group 4 - Shandong Molong's stock price surged over 188% on May 6, with a peak increase exceeding 200%, following the announcement of the removal of risk warnings on its A-shares [4] - The company has been included in the Hong Kong Stock Connect program, effective from May 6, 2025, which may enhance its market visibility and trading volume [4] Group 5 - Nanshan Aluminum International reported a decline in overseas alumina prices in Q1 2025, with an average price of approximately $518 per ton, which is a 40.88% increase year-on-year but a 2.98% decrease compared to the average price in 2024 [5] - The alumina market is experiencing a price adjustment phase due to a supply-demand imbalance, necessitating close monitoring of market dynamics by Nanshan Aluminum [5] Group 6 - The Hang Seng Index closed at 22,662.71, with a daily increase of 0.70%, while the Hang Seng Tech Index and the National Enterprises Index saw minor fluctuations of 0.09% and 0.37% respectively [6]