据证券之星公开数据整理，近期诺德股份（600110）发布2025年中报。截至本报告期末，公司营业总收 入30.16亿元，同比上升26.37%，归母净利润-7243.29万元，同比上升54.47%。按单季度数据看，第二季 度营业总收入16.06亿元，同比上升20.15%，第二季度归母净利润-3476.07万元，同比上升46.27%。本报 告期诺德股份短期债务压力上升，流动比率达0.87。 本次财报公布的各项数据指标表现尚佳。其中，毛利率9.62%，同比增75.24%，净利率-2.68%，同比增 61.31%，销售费用、管理费用、财务费用总计2.72亿元，三费占营收比9.03%，同比减6.4%，每股净资 产3.25元，同比减3.58%，每股经营性现金流0.29元，同比增469.76%，每股收益-0.04元，同比增53.79% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 23.86亿 | 30.16 Z | 26.37% | | 归母净利润(元) | -1.59 Z | -7243.29万 | 54.47% | | ...

Core Viewpoint - Nord Co., Ltd. has established itself as a leading supplier of lithium battery copper foil globally, despite facing a net loss in recent financial results, the company is focusing on high-value-added products and expects to improve profitability in the future [1][2]. Financial Performance - For the fiscal year 2024, the company reported a revenue of 5.277 billion yuan, an increase of 15.44% year-on-year; however, the net profit attributable to shareholders was a loss of 352 million yuan, a decrease of 1387.59% [1]. - In Q1 2025, the company achieved a revenue of 1.409 billion yuan, up 34.29% year-on-year, while the net profit attributable to shareholders was a loss of 37.67 million yuan, an improvement of 60.09% year-on-year [1]. Product Development and Innovation - The company emphasizes R&D innovation, focusing on developing thinner, higher tensile strength, and higher elongation lithium battery copper foil products, including ultra-thin copper foil below 4.5 microns and high-end electronic circuit copper foil products [2][3]. - The company has successfully achieved stable mass production of 3-micron lithium battery copper foil and has seen rapid adoption of its 4.5-micron products by customers [2]. Market Outlook - The demand for lithium battery copper foil is expected to grow significantly due to the rapid development of the new energy vehicle and energy storage sectors, with China's new energy vehicle sales projected to reach 16.497 million units by 2025, accounting for 73.6% of global sales [4]. - Global lithium battery shipments are forecasted to grow from 1,545.1 GWh in 2024 to 5,127.3 GWh by 2030, with a compound annual growth rate (CAGR) of approximately 22.4% [4]. Industry Trends - The demand for high-end PCB copper foil is anticipated to rise, driven by advancements in AI technology and the growth of consumer electronics and servers, with a projected CAGR of 10% for high-end PCB copper foil demand by 2030 [5]. - The company is strategically positioning itself to meet the high-end PCB copper foil market demand by establishing advanced production lines in Hubei Huangshi [5].