Core Viewpoint - The company, Haiyue Energy Group Co., Ltd. (*ST Haiyue), is facing delisting from the Shanghai Stock Exchange due to financial difficulties and a significant decline in its business performance [1][4]. Group 1: Company Overview - Haiyue Energy Group was established in 1993 and listed on the Shanghai Stock Exchange in 2004, primarily engaged in oil trading, wholesale and retail of refined oil, lithium carbonate business, property leasing, and venture capital [4]. - For the fiscal year 2024, *ST Haiyue reported a revenue of 1.483 billion yuan and a net loss attributable to shareholders of 299.8 million yuan [4]. Group 2: Financial Performance - The company's bulk trading business has declined compared to the previous year, influenced by the overall downturn in the traditional energy sector and risk control measures [5]. - The market price of lithium carbonate has also decreased compared to the same period last year, leading the company to make provisions for inventory impairment related to lithium carbonate and other products [5]. - The company has recognized asset impairment losses on receivables based on a cautious approach, considering the end-of-period situation [5].

| 元用期货 | | | 碳 锌 8 详20250610:国内碳酸锂6月供给预期偏松,国内碳酸锂社会库存量环比增加 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 交易日期(日) | 2025-06-09 | 2025-06-06 | 2025-06-03 | 较昨日变化 | 近两周走势 | | | 近月合约 | 收盘价 | 60540.00 | 60820.00 | 59900.00 | -280.00 | | | | 连一合约 | 收盘价 | 60700.00 | 60440.00 | 59940.00 | 260.00 | | | | 连二合约 | 收盘价 | 60960.00 | 60920.00 | 59900.00 | 40.00 | | | | 连三合约 | 收盘价 | 60960.00 | 60920.00 | 59820.00 | 40.00 | | | | | 收盘价 | 60700.00 | 60440.00 | 59940.00 | 260.00 | | | 砖酸锂期货 | 活跃合约 | 成交量(手) ...

9月进行中期验收、验收指标较为严苛。工信部9月对六家单位进行中期审查，电芯尺寸要求60Ah级别，从至 少300支电芯中随机选取100支进行检测，验收指标和方式较为严苛，能量密度要求350Wh/kg+，叠加其他电 芯测试数据，各家性能要求或略有区别。此外，工信部项目或有淘汰机制，不排除有新中标单位进入。产业 链进展快于项目预期，头部厂商已建立超低露点车间，单次进行公斤级投料，单次生产电芯30-50支，其余电 池厂均在全力推进。 往期推荐 主机厂电芯采购：兼顾性能和成本 加入社群 添加半仙微信，备注"进群"，邀请你加入锂电行业社群，获得行业最新动态、行业干货 报告和精准人脉。 比亚迪出海：发力东南亚 CATL ： 储能市场增长高于动力 本公众号基于分享的目的转载，转载文章的版权归原作者或原公众号所有，如有涉及侵权请及时告知，我们将予以核实并删除 ...

本公众号基于分享的目的转载，转载文章的版权归原作者或原公众号所有，如有涉及侵权请及时告知，我们将予以核实并删除 往期推荐 主机厂电芯采购：兼顾性能和成本 比亚迪出海：发力东南亚 CATL ： 储能市场增长高于动力 加入社群 添加半仙微信，备注"进群"，邀请你加入锂电行业社群，获得行业最新动态、行业干货 报告和精准人脉。 ...

Group 1 - The green tax system in Qinghai Province is effectively guiding enterprises towards green transformation and upgrading, significantly benefiting the photovoltaic and lithium battery industries [1] - Qinghai Tianpu Weiye Environmental Technology Co., Ltd. has upgraded its wastewater treatment facilities and implemented a smart water management platform, resulting in a reduction of over 90,000 yuan in environmental protection tax since January 2023 [2] - The local tax authority is actively providing targeted tax incentives and support to promote the green, low-carbon, and intelligent transformation of county-level enterprises [2] Group 2 - The photovoltaic industry in Yushu Tibetan Autonomous Prefecture is leveraging abundant solar energy resources through a "self-generated, self-used, surplus electricity online" model, benefiting 56 villages and 8,663 households with an average annual income increase of over 3,000 yuan per household [3] - The local tax bureau is offering face-to-face policy consultation and support to enterprises in the photovoltaic sector, helping them navigate tax policies and improve operational efficiency [3] Group 3 - Qinghai Fudi Battery Co., Ltd. is increasing its export scale, with exports projected to account for 30% in February 2025 and nearly 40% in March 2025, primarily to Hungary for assembly into lithium-ion battery systems for Mercedes-Benz [4] - The local tax authority is enhancing the competitiveness of enterprises by optimizing service mechanisms and utilizing a "policy toolbox" to facilitate quick tax refunds and support for companies looking to expand internationally [4]

证 券 研 究 报 告 供给回归有序，需求韧性较好，静待周期复苏 2025下半年电新行业投资策略 | 证券分析师：马天一 | A0230525040004 | | --- | --- | | 李冲 | A0230524070001 | | 王艺儒 | A0230523110003 | | 刘宏达 | A0230524020002 | | 研究支持： | 曾子栋 A0230123070004 | 2025.06.09 投资要点 www.swsresearch.com 证券研究报告 2 • 锂电：锂电需求保持韧性，固态及重卡景气度提升。24年全球新能源车渗透率为19%，仍处于较低水平，我们预计25年全球 主要车企有望推出新平台新车型，同时电池成本下降下，未来全球新能源车渗透率有望稳步提升，叠加光储平价驱动储能在 全球范围内需求释放，预计25年动力+储能+消费电池出货达到1.6TWh，同比增长18%。锂电需求保持韧性下，固态电池推 广日趋加快，电动重卡等新场景加速电动化。25年以来，固态上中下游纷纷发布相关固态电池产品及验证进度，目前半固态 电池有望逐步进入大批量量产，全固态电池产品正密集下游测试，固态锂电设备及电 ...

Core Insights - The article highlights the acceleration of electrification across various sectors in China, with a penetration rate surpassing 50%, driving a new industrial cycle in the lithium battery industry [3] - It emphasizes the collaborative development of power and energy storage industries, which are crucial for achieving regional energy transition and carbon neutrality goals [3] - Structural adjustments within the lithium battery supply chain are noted, with core material prices rebounding and a stabilization in cell prices, leading to an optimization of supply and demand [3] - The article discusses the rapid application of new materials and processes, enhancing battery performance and driving the development of new battery systems [3] Industry Background - The 18th High-tech Lithium Battery Industry Summit will take place on June 25-26, 2025, in Changzhou, focusing on the restructuring of the industry chain and the resonance of all-scenario applications [2] - Changzhou is positioned as a leading base for the new energy industry, leveraging its strong foundation and potential for significant breakthroughs [4] Summit Highlights - The summit is recognized as a premier annual event in the new energy sector, attracting over 300 influential companies and more than 1,000 executives from the lithium battery supply chain [6] - It will feature technical exchanges and new product showcases, along with the release of the first half of the year’s industry development report by GGII [6] Key Agenda - The agenda includes discussions on global electrification trends, product development strategies, and competitive dynamics in battery technology and pricing [8] - Specific sessions will address battery applications in various sectors, including electric vehicles, marine electrification, and the emerging opportunities in the cylindrical battery market [8]

会议预告 第十八届高工锂电产业峰会 —— 产业链格局重整 全场景应用共振 ● 高工锂电年度品牌会议，新能源领域顶级行业峰会 ● 300+细分领域重量级企业，1000+企业锂电产业链高层汇聚 ● 产业链上下游企业现场技术交流、新产品展示 ● 高工产业研究院（GGII）上半年产业发展报告发布 ● 高工全媒体平台传播曝光，30万线上粉丝实时互动 日程规划 主办单位： 高工锂电、高工产业研究（GGII） 峰会 时间： 2025年6月25-26日 峰会地点： 常州·金坛万豪酒店 峰会背景 ● 全场景电动化加速推进。 中国电动化渗透率突破50%临界点，带动产业链上下游开启新的产业 周期。同时，电力市场、船舶、商用车、人形机器人、eVTOL等赛道的发展成为锂电出货增长新 的驱动力。 ● 动力与 储能 产业协同融合发展 ， 电动化趋势下，将带动以动力电池为核心的新能源制造业规 模化发展，而储能的发展，则关系到区域性能源转型与碳中和目标实现，二者协同融合，将成为国 内各区域未来几年重点发展的方向，常州金坛作为率先发展新能源的区域，一定要率先抢占高地。 ● 锂电产业链结构性调整。 核心材料价格触底反弹，电芯价格趋向稳定，产业链供 ...

Core Insights - The article highlights the acceleration of electrification across various sectors in China, with the penetration rate surpassing 50%, leading to a new industrial cycle in the lithium battery supply chain [3] - It emphasizes the collaborative development of power and energy storage industries, which are crucial for achieving regional energy transition and carbon neutrality goals [3] - Structural adjustments within the lithium battery supply chain are noted, with core material prices rebounding and a stabilization in cell prices, indicating an optimization of supply and demand [3] - The article discusses the rapid application of new materials and processes, driving differentiation in power and energy storage batteries, and the role of AI in developing new battery materials [3] Industry Development - Changzhou is positioned to enter a new phase in the renewable energy industry, leveraging its strong foundation and potential for significant breakthroughs [4] - The upcoming summit is expected to gather over 300 influential companies and 1,000 industry leaders for technical exchanges and product showcases [6] - The summit will feature a comprehensive agenda focusing on global electrification trends, battery technology, and market opportunities across various applications [8]

分析来看，绵阳锂电产业发展迅速的背后，是招商政策、交通优势、资源优势、产业配套等因素的吸引，为绵阳地区引进了大量的锂电项目。 目前，落地的相关项目已经度过建设周期，进入产能产品加速"兑现阶段"。 据起点锂电观察，在电池端，除了早前 长虹杰创项目， 绵阳地区还在近几年引进了三大项目。 其一是 锂源新能源 年产1200万支锂离子储能电芯项目。 6月3日，该项目正式获得 盐亭县生态环境局环评批复， 公示期为2025年6月4日 －2025年6月10日。 2025一季度，四川绵阳锂电产业实现开门红， 锂离子电池产量同比增长96.5%，是推动其 生产总值增长的主要动力之一。 据环评资料显示， 年产1200万支锂离子储能电芯项目 位于四川盐亭经济开发区西陵大道众一机电产业园，由绵阳锂源新能源有限公司进行 建设。 该公司 成立于2020年，是绵阳众拓威科技有限公司的子公司，经营范围涵盖锂离子电芯、锂离子蓄电池、动力电池、储能电池、充电桩、电 池材料、移动电源、动力电池管理系统（BMS）及电源管理系统的技术研发、生产、销售等。 项目拟投资5000万元，将在原有厂房内，购置全自动搅拌机、全自动涂布机、全自动卷耳机、全自动装配线、 ...