转自：中国证券报·中证网 中证报中证网讯（记者 武卫红）1月30日晚，利元亨发布2025年年度业绩预盈公告，公司预计2025年实 现归属于母公司所有者的净利润为4700万元至5600万元，实现扭亏为盈；扣除非经常性损益后的净利润 预计为2900万元至3460万元。2024年，公司归属于母公司所有者的净利润为-10.44亿元，扣除非经常性 损益后的净利润为-10.42亿元。 利元亨还表示，未来将坚持以技术为根基，通过工艺创新、产品可靠性与前瞻性研发，与客户及合作伙 伴共同推进制造业向高端化、智能化、绿色化迈进。 利元亨董事长周俊雄在新年致辞中回顾2025年时表示，公司以"极致智造"为目标，深化高端装备的研发 与交付体系重构，在固态电池产线、AI服务器智能产线、人形机器人核心部件等领域取得关键技术突 破，并承担国家级智能制造系统解决方案项目，获得广东省科技进步一等奖等多项荣誉。 周俊雄表示，2026年公司将围绕三大战略方向推进工作：一是把握新能源产能扩张机遇，深化全球运营 布局，重点突破动力储能领域的大规模、高安全电池产线解决方案；二是针对AI硬件爆发窗口，聚焦 智能穿戴设备等前沿需求，提供高精度制造支持，帮助客 ...

Company and Industry Summary Company Overview - The company is focused on providing complete solutions for solid-state battery equipment, including hardware and software, to enhance competitiveness in the rapidly evolving solid-state battery industry [2][6][11]. Key Collaborations - The company has partnered with Zhongyuan Special Steel and Kuntai to promote solid-state battery production lines, offering comprehensive solutions that include market promotion, process optimization, and after-sales service [2][3]. - A strategic cooperation agreement was signed with Printers, a leader in high-pressure technology, to develop and promote solid-state battery production lines [3][9]. Financial Performance - In 2025, the company has secured new orders exceeding 4 billion yuan, nearly doubling year-on-year, primarily from major clients in the consumer sector (Company A) and leading players in the power sector such as BYD and Guoxuan [2][11]. - The company anticipates new orders in 2026 to approach 10 billion yuan, driven by expanding consumer concepts, collaborations with leading power battery clients, and the implementation of solid-state battery production lines [2][13]. Market Dynamics - The company is actively expanding into markets in South Asia, Japan, India, South Korea, and Europe, with significant orders already signed in Poland and other European countries [13]. - The solid-state battery industry is experiencing a revival, with major investments from leading clients in both consumer and power lithium battery sectors [11][12]. Product Development and Technology - The company is not abandoning any of the four main solid-state battery technology routes (sulfide, halide, oxide, and polymer) but is developing a common technology platform in collaboration with electronics companies and universities [2][8]. - The company is also exploring new business directions, including robotics and AR glasses, leveraging automation capabilities to create automated production lines [4][23]. Order and Revenue Projections - The company aims for a stock incentive target of at least 3 billion yuan in 2025, 3.6 billion yuan in 2026, and 4.4 billion yuan in 2027, maintaining a growth rate of 20% annually [4][14]. - The gross margin for consumer lithium batteries is expected to remain above 30%, while the power lithium battery sector faces lower margins due to competition but has shown improvement through operational adjustments [12]. Strategic Goals - The company is focused on enhancing customer and order quality to ensure profitability and mitigate project risks [4][14]. - Plans for localizing production and establishing subsidiaries are in consideration, contingent on market feedback and performance [31]. Challenges and Considerations - The company acknowledges the need for time to stabilize profitability and address issues from previous expansion phases, with a gradual improvement in net profit expected [12]. - There are ongoing discussions about potential joint ventures with Quinters, but these are contingent on market performance and initial project outcomes [28]. Conclusion - The company is well-positioned in the solid-state battery equipment market, with strong partnerships, a robust order pipeline, and a clear strategy for growth and technological advancement. The focus on customer quality and market expansion will be critical for achieving its ambitious financial targets in the coming years [2][13][30].

Core Viewpoint - The company has successfully delivered its first solid-state battery production line, which is currently undergoing equipment debugging and process validation at customer sites [1] Group 1: Company Developments - The first solid-state battery production line has been delivered and is in the process of equipment debugging and process validation [1] - The company is actively engaging in advanced fields such as all-solid-state batteries and has communicated with over 30 clients regarding solid-state battery technology and business [1] Group 2: Market Engagement - The company has successfully delivered solid-state battery front-end equipment to customers in the United States and is advancing equipment validation work for clients both domestically and internationally [1]

Robotics - Xinbo Co., Ltd. expects to deliver samples of magnesium-aluminum alloy structural components for robots to key customers by the end of November [1] Storage Chips - Xiechuang Data has achieved mass shipments of various types of storage products [1] - Shanghai Beiling reports stable sales prices for its storage chips [1] - Chengdu Huamei's storage chip business includes NOR Flash, EEPROM, and SRAM [1] - Aerospace Intelligent Equipment's aerospace-grade storage chips and MCU chips can be applied in civilian fields [1] Solid-State Batteries - Liyuanheng has begun delivering products from its first solid-state battery production line [1] Controlled Nuclear Fusion - Zhongtai Co., Ltd. has applied its cryogenic technology and equipment to domestic and international controlled nuclear fusion projects [1] - Jinhong Gas has successfully introduced some products into the controlled nuclear fusion-related business [1] - Jiuli Special Materials is actively participating in controlled nuclear fusion projects, focusing on the research and production of key materials, including PF conduits [1] Others - Dongfang Electric Heating expects to deliver silicon-carbon anode equipment by mid-November, with hopes for significant volume production next year [1]

利元亨在互动平台表示，公司首条固态电池产线已陆续交货，正处于客户现场的设备调试与工艺验证阶 段。同时，公司始终紧跟电池技术前沿，积极布局全固态电池等先进领域，已经与30多家客户交流固态 电池技术和业务。海外市场，公司已实现向美国客户交付固态电池前段装备，并正推进国内外等地客户 的设备验证工作。 ...

Group 1 - The company has successfully delivered its first solid-state battery production line and is currently in the equipment debugging and process validation phase at customer sites [1] - The company is actively engaging in advanced fields such as all-solid-state batteries and has communicated with over 30 clients regarding solid-state battery technology and business [1] - The company has achieved delivery of solid-state battery front-end equipment to customers in the United States and is advancing equipment validation work for clients both domestically and internationally [1]