12月11日，新宙邦（300037）(300037.SZ)发布公告称，为深入推进公司全球化发展战略，实现全球资 源本地化供应，提升国际品牌形象以及在全球市场的综合竞争实力，公司拟发行境外上市外资股(H股) 股票并申请在香港联合交易所有限公司主板挂牌上市，本次发行上市尚需提交公司股东会审议，并需取 得中国证券监督管理委员会、香港证券及期货事务监察委员会和香港联交所等相关政府机构、监管机构 备案、批准和/或核准。 电池化学品业务主要产品有锂离子电池化学品(包括锂离子电池电解液、添加剂、新型锂盐、碳酸酯溶 剂)、超级电容器化学品、一次锂电池化学品、钠离子电池化学品、固态电池化学材料等。下游市场包 括动力电池、储能电池和消费类电池，应用领域非常广泛，主要在电动汽车、电力系统、数据中心、轨 道交通、风电和光伏、笔记本电脑、平板、智能手机、智能穿戴设备、消费类无人机、机器人、智能电 器、电动工具以及各种便携式移动电子产品等终端领域。 三季报显示，2025年前三季度，新宙邦营业收入为66.16亿元，同比增长16.75%；归母净利润为7.48亿 元，同比增长6.64%；扣非归母净利润为7.15亿元，同比增长1.26%。 资料 ...

Core Viewpoint - The company, Xinzhou Bang, emphasizes its battery chemicals business as one of its three core operations, showcasing significant growth and a diverse application range in various industries [1] Group 1: Business Overview - The battery chemicals business includes products such as lithium-ion battery electrolytes, additives, new lithium salts, carbonate solvents, supercapacitor chemicals, primary lithium battery chemicals, sodium-ion battery chemicals, and solid-state battery materials [1] - The downstream markets for these products encompass power batteries, energy storage batteries, and consumer batteries, with applications in electric vehicles, power systems, data centers, rail transportation, wind and solar energy, laptops, tablets, smartphones, smart wearable devices, consumer drones, robots, smart appliances, electric tools, and various portable electronic products [1] Group 2: Financial Performance - In the first half of 2025, the battery chemicals business achieved operating revenue of 2.815 billion yuan, representing a year-on-year growth of 22.77%, accounting for 66.27% of the total operating revenue during the reporting period [1] Group 3: Competitive Advantages - The company possesses significant advantages in research and development innovation, quality control, integrated supply chain, customer structure, international layout, and brand value, positioning it as one of the major suppliers in the industry [1]

Group 1: Company Overview and Market Position - The company focuses on battery chemicals, including lithium-ion battery chemicals, supercapacitor chemicals, and sodium-ion battery chemicals, with significant market potential in power batteries, energy storage batteries, and consumer batteries [1] - As of December 2024, the company has established 10 production bases globally, enhancing customer service and loyalty [2] - The company emphasizes R&D innovation and collaboration to provide high-quality products and solutions, positioning itself competitively in the market [3] Group 2: Financial Performance and Stock Management - The company is currently executing a share repurchase plan, set to conclude by May 2025, with a maximum repurchase price of RMB 45 per share [9] - Concerns have been raised regarding the company's stock performance, with a noted lack of focus on capital market positioning compared to peers in the new energy sector [4] - The company has implemented a "market value management system" and conducted two rounds of stock repurchases to enhance shareholder value [10] Group 3: Future Growth and Industry Trends - The lithium battery business is expected to grow rapidly due to the continuous expansion of the supply chain and downstream applications [7] - The company aims to leverage opportunities in three key industries: new energy, electronic information and semiconductors, and fluorine chemicals, while addressing challenges such as market competition and raw material price fluctuations [12] - The company anticipates a growth forecast of approximately 20% to 30% for 2025, reflecting confidence in its operational stability and strategic initiatives [16] Group 4: Product Development and Technological Advancements - The company is exploring solid-state battery technologies, with small-scale supply already initiated, although market growth will take time [8] - The company is committed to increasing R&D investment and market development for high-value products, including solid-state battery materials and semiconductor chemicals [6] - The company has established strict management systems to mitigate bad debt risks, maintaining a low bad debt ratio [11]