证券日报网讯12月30日，万顺新材（300057）在互动平台回答投资者提问时表示，公司复合铜箔产业化 进程推进中，厚度根据客户需求定制。 ...

摘要 新周期下，终端需求务实且有具体场景指向，订单落地性更强，锂电扩产更注重高质量、高稳定、场景适配性。 进入下半年，"缺芯"已成为电池行业常态，头部电池厂产能利用率已拉满近 90% 高位。扩产已成为行业共识，但扩产项目与新建产线的产能释放周 期不同，行业预测最快也要到明年二季度才能有效释放新增产能缓解缺芯问题。 高工锂电董事长张小飞博士在锂电年会上表示， 明年新增的有效产能将超过 700GWh 。 上一个周期内，由于锂电池技术路线趋于同质化，使行业形成了结构性产能过剩的问题。进入新周期，动力市场与储能市场对锂电池的性能及技术要求 在更新迭代，电池及产业链上下游如何协同技术创新，十分关键。 尤其是目前大圆柱电池、固态电池、钠电池等新电池技术产业化、商业化不断加速，对产线工艺、设备提出了更高要求。如固态电池对等静压机、叠片 机、干法工艺等的需求，大圆柱电池对极耳焊接的极高要求等。 新周期下，电池性能升级、多元化发展是带动全产业链自上而下、由内而外的全方位升级。高压实、固态电解质、钠离子正极、大圆柱等材料、结构革 新推动电池技术升级的同时，带动了装备的优化、优质产能、精益化、智能化制造的实现。 而应用场景的拓展， ...

Core Viewpoint - The lithium battery industry is expected to experience a new round of expansion driven by solid-state technology breakthroughs and increased capital expenditure from 2023 to 2025, leading to a potential reversal in supply-demand dynamics and price increases in certain segments [1][2]. Industry Cycle - The lithium battery midstream is entering a "recovery-prosperity" phase from 2024 to 2025, with revenue and inventory on the rise since the first quarter of 2024, indicating a recovery phase in the inventory cycle [1]. - The current inventory cycle is nested within a mid-cycle capacity expansion, with a second round of weak replenishment expected to last 1-2 years, potentially ending by late 2025 to 2026 [1]. Technological Developments - New technologies and scenarios are creating a second growth peak for lithium batteries, with solid-state batteries being a long-term strategic direction that will reshape the process and material systems [2]. - The establishment of pilot lines for solid-state batteries is expected to begin in 2025, transitioning towards mass production, with a clearer supply chain emerging [2]. - Composite copper foil is anticipated to achieve true industrialization, with production rhythms and penetration rates likely to exceed market expectations [2]. Market Dynamics - The industry is expected to favor differentiated leading players in niche segments, as they possess significant product and cost competitive advantages [2]. - Leading companies are likely to achieve full capacity utilization first, ensuring the most reliable performance and strongest elasticity [2]. - As the lithium battery supply-demand dynamics reach a new turning point in the second half of 2025, attention should be paid to high-demand segments such as lithium hexafluorophosphate, energy storage batteries, lithium iron phosphate, and dry-process separators [2].

证券日报网讯 12月17日，双星新材在互动平台回答投资者提问时表示，公司目前用于锂电池的产品主 要包括复合铜箔和复合铝箔两种集流体材料。复合铜箔项目已具备量产条件，而复合铝箔正处于研发验 证阶段。此外，公司还研发了载体铜箔产品，其性能和品质已基本满足客户在触控用柔性线路板方面的 使用要求。这些产品能够有效满足锂电池行业对先进集流体材料的需求，为公司后续在该领域的业务拓 展奠定了坚实的基础。 （编辑 任世碧） ...

双星新材（002585.SZ）12月17日在投资者互动平台表示，公司的复合铜箔项目已具备量产条件，复合 铝箔正处于研发验证阶段。随着工信部对动力电池上车安全新规定出台之后，整体推进加快。另外，公 司新研发的载体铜箔产品，其性能和品质已基本满足客户当前在触控用柔性线路板方面的使用要求。公 司在产品研发和技术应用方面取得了阶段性成果，产品能够有效满足特定应用场景的需求，为公司后续 在该领域的业务拓展奠定了坚实的基础。未来，公司将在立足现有项目中持续深挖潜力、提升效率，并 对相关产线精准市场对接，为客户提供定制化产品设计，以满足其多元化需求，增强自身产品的多功能 性、灵活性及广泛应用性，力求实现新能源材料业务的高质量增长。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：未来几年，铜箔技术迭代方面将会有很多惊喜的地 方，行业有望迎来发展的春天。公司是否有相关技术？ ...

格隆汇12月17日丨双星新材(002585.SZ)在投资者互动平台表示，公司目前用于锂电池的产品主要包括 复合铜箔和复合铝箔两种集流体材料。复合铜箔项目已具备量产条件，而复合铝箔正处于研发验证阶 段。此外，公司还研发了载体铜箔产品，其性能和品质已基本满足客户在触控用柔性线路板方面的使用 要求。这些产品能够有效满足锂电池行业对先进集流体材料的需求，为公司后续在该领域的业务拓展奠 定了坚实的基础。 ...

（记者 胡玲） 双星新材（002585.SZ）12月17日在投资者互动平台表示，公司目前用于锂电池的产品主要包括复合铜 箔和复合铝箔两种集流体材料。复合铜箔项目已具备量产条件，而复合铝箔正处于研发验证阶段。此 外，公司还研发了载体铜箔产品，其性能和品质已基本满足客户在触控用柔性线路板方面的使用要求。 这些产品能够有效满足锂电池行业对先进集流体材料的需求，为公司后续在该领域的业务拓展奠定了坚 实的基础。 每经AI快讯，有投资者在投资者互动平台提问：公司目前所有产品中，具体用于锂电池的有哪些？ ...

摘要 复合集流体已从实验室走向产业端，而英联复合集流体在固态电池领域的技术布局，将为行业高质量发展注入持久动力，成为推动固态电池从概念走向规 模化应用的关键力量。 "复合集流体的价值不止于替代传统材料，更在于成为固态电池规模化落地的关键支撑。英联正用结构重构破解安全痛点，以精密管控保障量产能力，靠 双极集流体+蒸镀锂布局下一代技术，打通从液态到固态的材料升级通道。" 2025高工锂电年会上，英联复合集流体研究院副院长步绍宁在"电池材料创新与应用"专场发表主题演讲，结合企业实战经验与行业趋势，系统阐述了复合 集流体的产业化突破与固态电池材料布局。 01结构重构：从本征上破解传统集流体痛点 随着动力电池新国标实施与快充技术普及，电池安全性能迎来更严苛考验，传统集流体的结构性缺陷愈发凸显。 步绍宁在演讲中直指核心问题："传统铝箔在热失控触发阶段易与正极释放的活性氧发生铝热反应，带来剧烈温升，这是导致电池起火爆炸的重要诱因。" 与此同时，传统铜箔的高密度特性制约能量密度提升，铜价波动也让电池成本控制面临持续压力。 复合集流体的"高分子基材+金属镀层"三明治结构，为解决这些痛点提供了革命性方案。 步绍宁详细解读了其创新 ...

Group 1: Company Overview and Business Focus - The company specializes in precision structural components and modules for consumer electronics and automotive parts, including in-vehicle central control screens and structural components for both traditional and new energy vehicles [1][2]. - The automotive parts business is a key focus area, with stable growth and an aim to increase market share [2]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of CNY 2.626 billion, a year-on-year increase of 1.11% [3]. - The net profit attributable to shareholders was a loss of CNY 73.0963 million, a decline of 155.17% year-on-year, while the net profit excluding non-recurring gains and losses was a loss of CNY 95.3541 million, reducing the loss by 29.30% [3]. Group 3: Key Drivers and Challenges - The improvement in gross margin is attributed to ongoing optimization of product structure and internal cost control measures [1]. - The main drivers for revenue growth in Q3 were stable performance in the consumer electronics sector and steady growth in the automotive parts sector [1][2]. Group 4: Research and Development - The company’s R&D investments are accounted for according to relevant accounting standards, impacting current profits based on applicable conditions [2]. - The company is actively engaged in the development of composite copper foil products, with some small orders already received and ongoing collaboration with leading enterprises [4]. Group 5: Future Outlook and Strategic Initiatives - The company plans to continue developing new products and businesses while enhancing operational management [3]. - There are no current plans for major asset restructuring or acquisitions, and the company is not at risk of being flagged for ST (special treatment) status [4].

Core Insights - The penetration rate of new energy vehicles has surpassed 50% for the first time, and the installed capacity of new energy storage has become the largest globally, driven by dual goals of carbon neutrality and industrial upgrades [1][2] - The rise of composite current collectors is attributed to the market's pursuit of battery safety and energy density, with a new sandwich structure that reduces costs and enhances performance [2][3] - The development of solid-state batteries is accelerating, with major companies like BYD and CATL planning to start mass production by 2027, while traditional metal current collectors struggle to meet the demands of solid-state technology [3][4] Industry Developments - The composite current collector's market is experiencing explosive growth, with China's new energy vehicle production and sales reaching 13.015 million and 12.943 million units respectively from January to October, a year-on-year increase of over 32% [2] - The new composite current collector can replace over 60% of metal with polymer materials, reducing battery weight and increasing energy density by 5%-10%, while also improving safety through a unique "fuse + circuit breaker" effect [2][6] - Companies are actively disclosing collaborations in the composite current collector field, with recent agreements between Jiemai Technology and CATL, as well as strategic procurement contracts by Yinglian Co., indicating a strong industry push [3][4] Technological Innovations - Sanfu New Materials has achieved a breakthrough with its 3D composite current collector, which utilizes a three-dimensional porous structure to enhance performance and safety, marking a significant advancement over traditional designs [4][5] - The 3D composite current collector is expected to address key challenges in solid-state batteries, such as interface impedance and uneven lithium deposition, offering substantial advantages in performance [5][6] - Despite the innovative potential of the 3D composite current collector, industry experts note that it still needs to undergo large-scale production and long-term reliability testing to validate its commercial viability [6]