Core Viewpoint - The lithium battery equipment industry in China is experiencing a significant downturn, with revenue and profits declining sharply, leading to an industry-wide adjustment phase [3][4][11]. Group 1: Overall Performance - In 2024, the total revenue of 31 major listed companies in the lithium battery equipment sector reached approximately 55.074 billion, a year-on-year decrease of 21.5% [4][10]. - The overall net profit of these companies totaled 3.374 billion, representing a dramatic decline of 50.67% year-on-year, with the loss ratio expanding to 32.3% [4][10]. - The average gross margin fell from 32.63% in 2023 to 29.18% in 2024, while the average net margin dropped from 8.13% to 3.57%, nearing the breakeven point for manufacturing [4][10]. Group 2: Structural Differentiation - Leading companies are demonstrating resilience due to technological advantages and global expansion, while second-tier companies are struggling [6]. - For instance, Xian Dai Intelligent has increased its overseas revenue share to 23.88% through strategic partnerships with top clients like CATL and Tesla [6]. - In contrast, second-tier companies are resorting to price competition, while leading firms are focusing on technological upgrades and high-margin overseas orders [6]. Group 3: Future Breakthroughs - The industry is shifting towards a model that emphasizes "technology + globalization" for survival [7]. - Companies are increasing R&D investments, with some like Xian Dai Intelligent and Hai Mu Xing allocating over 10% of their revenue to R&D in 2024 [7]. - Domestic alternatives are becoming profitable, as seen with Manns Te's core coating products achieving a gross margin of 68.40% [7]. - The trend is moving from "exporting equipment" to "localized production" to avoid trade barriers, with companies establishing production bases in Europe [7]. Group 4: Profit Model Transformation - Lithium battery equipment companies are restructuring their business models to explore new growth avenues, transitioning from hardware sales to a model that combines "technology + services + ecosystem" [8]. - As equipment ages, companies are expected to enhance lifecycle management services, including consumable replacements and software upgrades, to generate recurring revenue [8].

主办单位： 高工钠电、高工产业研究院（GGII） 总冠名： 众钠能源 6月会议预告 2025高工钠电 产业峰会 会议时间： 6月9日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 2025高工固态电池 技术与应用峰会 主办单位： 高工锂电、高工储能、高工产业研究院（GGII） 总冠名： 利元亨 会议时间： 6月10日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 智能装备的进化，不仅是电池技术发展的需求引擎，更是技术落地的试验场。 随着主流体系电池安全性能要求的升级、能量密度的提升、快充能力的加强，甚至于新一代大圆柱电池、固态电池的产业化，对于智能装备都提出了更 高的需求。 5月15-17日， 嘉拓智能作为新能源智能装备的头部企业，携 干法电极工艺解决方案、 高可靠性的复合铝集流体、第二代热复合叠片 机 、 固态电 池装备技术 等多款产品和新工艺方案亮相 CIBF 2025 展会。 历经 20年的发展，嘉拓智能已经形成了深厚的品牌价值和雄厚的技术积淀。 目前嘉拓智能公司约有 3900+名员工，在江苏、江西、福建、广东、四川、香港和德国的法兰克福进行开发和生产，在日韩、北美及印度等地 ...

Core Insights - The company, Nakonor, is focusing on international expansion and enhancing its overseas market presence as part of its strategic direction [3] - Significant progress has been made in the dry electrode equipment sector, with a joint venture established to accelerate industrialization [4] - The company is deepening its research and development in solid-state battery equipment through a strategic partnership and the establishment of a joint laboratory [5] Group 1: International Expansion - Nakonor is prioritizing its international strategy and accelerating overseas market development, particularly in Europe, North America, and Southeast Asia [3] - The company aims to benefit from the rapid growth of the overseas lithium battery equipment market due to local production initiatives in the US and Europe [3] - Efforts are being made to establish overseas subsidiaries and enhance international competitiveness [3] Group 2: Dry Electrode Equipment - Nakonor has achieved significant breakthroughs in dry electrode equipment, including the establishment of a joint venture with Shenzhen Qingyan Electronics [4] - The newly launched dry electrode forming composite machine integrates electrode film forming and current collector composite processes, expediting industrialization [4] - The company plans to continue focusing on key technologies and innovations in the dry electrode equipment sector [4] Group 3: Solid-State Battery Equipment - The company has made important strides in solid-state battery equipment development, marked by a strategic cooperation agreement with the Sichuan New Energy Vehicle Innovation Center [5] - The joint laboratory project for solid-state battery production equipment has officially commenced, indicating a move into full implementation [5] - Nakonor intends to increase investment in solid-state battery production equipment R&D and explore potential resources across the industry chain [5]

证券代码：832522 证券简称：纳科诺尔 公告编号：2025-062 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 邢台纳科诺尔精轧科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 8 日（星期四）15:00-16:00 活动地点：中证网"中证路演中心"（https://www.cs.com.cn/roadshow/） 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者 上市公司接待人员：公司董事长付建新先生，公司副董事长、总经理付博昂 先生，公司财务总监蔡军志先生，公司董事会秘书吴民强先生，公司保荐代表人 沈昭先生 三、 投资者关系活动主要内容 本次投资者关系活动的主要问题及公司对问题的回复概要如下： 问题 1：目前除了业绩说明会，股东还有哪些方面或者方式可以对贵司进行 交流沟通？ 回答：尊敬的投 ...

-广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源： #鑫椤锂电 行业热点 锂电设备公司业绩盘点：行业阵痛期与加速出海 2024年锂电设备公司营业收入普遍下滑，部分出现亏损： 大多数公司2024年营业收入同比出现20%-50% 的降幅， 仅曼恩斯特、星云股份和纳科诺尔等少数公司保持正增长。 利润方面，大多数公司出于谨慎原则计提了较高减值，导致归母净利润同比降幅相较收入降幅扩大，海目 星、利元亨、金银河和星云股份等公司出现了亏损。业绩下滑反映了2024年国内锂电下游市场需求放缓， 客户设备验收节奏有所延迟的情况。2025年一季度行业出现分化，部分头部公司降幅收窄：大多数公司延 续下滑趋势，甚至出现了营收和利润同比降幅的进一步扩大；但部分头部公司业绩出现改善趋势，如先导 智能和杭可科技的收入和利润降幅均出现了环比改善。 业绩改善反映了2025年至今国内锂电下游需求逐渐 回暖以及海外需求的拓展加速。 比亚迪又一海外工厂动工！ 柬埔寨第一个新能源汽车生产基地—— 比亚迪柬埔寨乘用车工厂，于当地时间28日在西哈努克港经济特区 举行奠基仪式。 据了解工厂总投资额 ...

国泰海通晨报 3、基金评价，基金评价团队认为，《推动公募基金高质量发展行动方案》突出强化公募基金与投 资者的利益绑定，从管理费收取机制、考核、跟投产品要求等几个方面规范行业业态，突出高质 量发展，提升服务投资者的能力，突出发展壮大权益类基金的工作导向。 4、有色，有色团队认为，华友钴业多地产能稳步落地释放，钴价上扬有望助推 2025 年业绩。公 司发布未来三年股东分红回报规划，在满足现金分红的条件下，公司每连续三年以现金方式累计 分配的利润不少于该三年实现的年均可分配利润的 30%，并根据公司发展阶段设定每次最低分配 比例，有望充分保障股东权益。 5、电新，电新团队认为，外骨骼机器人是人类智能与外部机械动力装置融合典范，应用场景多 元。 近年来利好政策不断，多地已将外骨骼治疗纳入医保。当前多个国产品牌相继发布消费级 外骨骼产品，消费级外骨骼机器人市场将迎来快速发展。推荐标的祥鑫科技，科达利，亿纬锂能。 6、政策，政策团队认为，上海坚持以制度创新破局：围绕"政策供给—要素配置—生态培育"打 造新质生产力培育的制度保障体系，为现代化产业体系建设注入新动能、新优势。上海国际金融 中心和科创中心联动发展，实现"科技— ...

根据市场公开信息及5月6日披露的机构调研信息，知名私募成泉资本近期对1家上市公司进行了调研， 相关名单如下： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 1）杭可科技 （北京成泉资本管理参与公司线上路演） 北京成泉资本管理有限公司（简称"成泉资本"）于2015年7月在北京注册成立，注册资本5000万元。 成 泉资本由资产管理行业名将、原中信证券执行总经理胡继光先生创立。胡继光先生历史投资业绩优秀， 具有28年证券、期货投资经验，经历了中国股市所有的牛熊市转换，见证了新中国资本市场的诞生与成 长。公司投研团队核心成员均来自国内最知名的大型证券公司和国内最具有影响力的研究机构，投资及 研究经验丰富、投资风格稳健、市场敏锐度极高、风险控制能力出色。团队核心成员共事多年、配合默 契，具有成熟的投资理念、共同的企业文化和强大的团队凝聚力。半数投研成员为公司创始合伙人，愿 景目标一致。 成泉资本拥有专业精深的投资研究能力、开放协作的企业文化、合作共赢的利益机制以 及完善的风险控制和基础设施，坚持以客户为中心，以客户资产保值增值为己任，致力于实 ...

Group 1 - The core viewpoint is that Hangke Technology is facing significant revenue and profit declines due to market demand slowdown, increased competition, extended acceptance cycles, and foreign exchange losses [1] - In 2024, Hangke Technology's revenue is projected to decrease by 24.18% and net profit by 59.67% [1] - In Q1 2025, the company anticipates a revenue decline of 23.07% and a net profit decline of 33.07% [1] Group 2 - The company is focusing on fulfilling existing orders and actively developing new technologies and products to meet market demands [1] - Over 30% of the company's revenue in 2024 is expected to come from exports, with growth in overseas orders, particularly from new customers in the automotive sector [1] - The company is expanding its presence in the solid-state battery sector and collaborating with various domestic and international battery firms to enhance R&D investment and optimize production processes [1]

2025年一季度，利元亨实现营业收入7.15亿元，归母净利润1282万元，在行业竞争加剧背景下成功实现 扭亏为盈。公司主动性经营战略调整实施有效，技术降本与运营提效双重发力，项目周期有效缩短，成 本管控强化，业务质量逐步提升。同时现金流指标的韧性进一步增强，为盈利能力的修复与巩固提供了 有力支撑。 全球布局完善，新兴领域积极探索 利元亨构建的"3+2+2"全球制造网络持续发挥效能。国内以惠州三大基地为核心，集成精密加工、整机 组装及系统调试能力；南通、宁德两大基地贴近产业集群，快速响应客户需求。海外波兰、加拿大两大 节点推进属地化装配调试，协同德国研发服务中心，形成全球化交付体系。旗下博罗基地在新能源储能 柜体设计、机器人本体结构件精密加工及关键零部件的整机组装与调试等方面的能力。 具身智能机器人、eVTOL等万亿级市场崛起，对电池性能提出更高要求，为利元亨的技术转化带来新 机遇。公司正积极探索相关设备及技术在这些领域的应用，提前布局未来增长赛道。 一季度，公司经营性现金流净额达1.18亿元，成功转正，保持平稳。这一积极变化主要得益于公司在成 本控制、资本运作策略上的系统性优化。 成本管控层面，全流程成本监控 ...

Group 1 - Hong Kong has become a hotspot for companies seeking secondary IPOs, driven by a combination of factors including innovative technologies and a favorable capital market environment [3][6][7] - Over 30 companies are reportedly planning or have confirmed their intention to pursue secondary listings in Hong Kong, indicating strong interest from the market [8][12] - Notable companies such as Midea Group and SF Holding have successfully raised significant capital through their IPOs in Hong Kong, with Midea raising over 30 billion HKD and SF Holding raising 5.831 billion HKD [10][12] Group 2 - The trend of secondary IPOs is expected to continue into 2024-2025, with a total of 71 new listings anticipated on the Hong Kong Stock Exchange [9] - Companies from various sectors, including renewable energy, biotechnology, and automotive parts, are actively pursuing listings to enhance their international presence and funding capabilities [14][15] - The performance of companies that have gone public in Hong Kong has been mixed, with some experiencing significant stock price increases, such as Jingwei Tian Di with a 542% rise, while others like Tianjin Jianda faced substantial declines [16][18] Group 3 - Secondary IPOs offer companies increased financing opportunities and potential for higher valuations, which can support their growth and competitiveness [21] - However, companies must also navigate risks associated with market conditions and their own financial health, as evidenced by the high rate of stock price declines among new listings [18][20] - The capital market remains a space for risk-takers, with the belief that companies will succeed driving their decisions to pursue secondary IPOs [22]