东方电热（300217.SZ）最新价 5.61 元，涨幅 7.06%。公司生产的预镀镍材料可应用于不同介质的圆柱 形电池，"年产 2 万吨预镀镍锂电池钢基带项目" 已投产并产出合格的预镀镍产品，成功切入锂电池材 料环节，伴随动力电池产能扩张，相关产品需求释放带动企业增长。 有色金属板块活跃，从资源布局到高端粉体材料、电池材料等环节，多股迎来上涨，题材产业链企业整 理： 博迁新材（605376.SS）斩获首板，最新价 48.72 元，涨幅 10.00%，于 10:31 封停。作为全球领先的高 端金属粉体材料生产商，公司核心产品涵盖纳米级、亚微米级镍粉及微米级、亚微米级铜粉等，其中镍 粉主要应用于 MLCC（片式多层陶瓷电容器）生产。技术层面，公司成功研发 60nm、80nm、120nm、 180nm 镍粉等新产品，且是我国第一部电容器电极镍粉行业标准的唯一起草和制定单位；大规模量产 的 80nm 镍粉粒径已达全球顶尖水准，技术壁垒为其在 MLCC 高端供应链中奠定优势，成为今日领涨 细分领域的核心力量。 道氏技术（300409.SZ）最新价 24.02 元，涨幅 8.84%。公司通过设立香港道氏和印尼子公司，布 ...

格隆汇9月3日丨东方电热(300217.SZ)在投资者互动平台表示，目前，公司预镀镍材料生产比较饱满， 每月大概2000吨左右，同时也在积极开拓更多新客户。设备方面，公司已与行业头部硅碳负极生产企业 签订了设备开发合同，共同开拓锂电池及固态电池市场，该设备预计将于今年第四季度交货。 ...

Core Insights - The company reported a revenue of 1.75 billion yuan and a net profit of 91.03 million yuan for the first half of 2025, showing resilience despite challenges in the photovoltaic industry [1] - Key segments such as home appliances and new energy vehicles experienced significant growth, with the home appliance segment achieving a revenue of 717 million yuan, up 14.08% year-on-year, and the new energy vehicle segment reaching 305 million yuan, up 61.02% year-on-year [1] - The company is expanding its global footprint by deepening partnerships with leading appliance manufacturers and targeting international clients [1] Business Performance - The company’s molten salt energy storage electric heater is the first commercial product of its kind in China, securing a significant market share and signing a nearly 100 million yuan development contract [2] - The pre-plated nickel materials business achieved a revenue of 94.07 million yuan, growing by 22.61% year-on-year, and has begun supplying well-known international cylindrical battery manufacturers [2] - The robotics sector is positioned for growth, with strategic partnerships aimed at developing advanced sensing technologies and thermal management systems [2] Strategic Outlook - The company is adopting a dual-driven model of "traditional business upgrade + emerging business breakthrough," with robotics expected to be a key growth engine over the next three years [3] - The alignment with national strategic directions and ongoing policy support positions the company favorably in the evolving market landscape [3] - The anticipated demand for flexible tactile sensors and electronic skin in the humanoid robotics sector is projected to reach 274 billion yuan by 2030, indicating a significant market opportunity for the company [2][3]

Core Viewpoint - Dongfang Electric Heating reported significant improvement in its financial performance for the first half of 2025, with a revenue of 1.75 billion yuan and a net profit of 91 million yuan, despite market challenges [1][2]. Group 1: Financial Performance - In Q2 2025, the company achieved a revenue of 1.067 billion yuan, representing a 56% increase from Q1's 684 million yuan [1]. - The net profit for Q2 increased by 2.76% compared to Q1, indicating a steady recovery in operational conditions [1]. Group 2: Traditional Business - The traditional business segment, particularly the home appliance components sector, generated a revenue of 716.64 million yuan, marking a year-on-year growth of 14.08% [1]. - The company has strengthened partnerships with leading home appliance manufacturers such as Gree, Midea, and Haier, while also expanding its client base to include overseas giants like LG and Samsung [1]. Group 3: Emerging Business Segments - The new energy vehicle components business saw a revenue of 304.54 million yuan, with a year-on-year growth of 61.02% and a net profit increase of 89.47% [2]. - The pre-plated nickel materials business also performed well, achieving a revenue of 94.07 million yuan, up 22.61% year-on-year [2]. - The company is actively expanding into the new energy equipment manufacturing sector, signing contracts worth nearly 100 million yuan for the development of molten salt energy storage heaters and collaborating with leading silicon-carbon anode manufacturers [2]. Group 4: Future Outlook - The company plans to focus on three main business directions: enhancing automotive thermal management product offerings, developing key products in the robotics components and materials sector, and leveraging existing technology to develop solid-state battery materials [3]. - Dongfang Electric Heating aims to optimize its business and profit structure over the next two years while solidifying its foundational business and aggressively pursuing new market opportunities [3].

Group 1 - Nickel prices have recently declined due to the Philippines' decision to remove the export ban on raw minerals, which has impacted market sentiment and led to a drop in prices [1] - The Philippines aims to promote domestic mining development by implementing a mineral export ban similar to Indonesia's, but the current weak demand in stainless steel and new energy sectors has dampened investment motivation [1][2] - Indonesia has become the largest producer of nickel globally, and its new nickel mining quota approval policy has slowed down the approval process, affecting market dynamics [2][3] Group 2 - Despite the recent drop in nickel prices, the supply of nickel ore remains tight due to seasonal weather impacts in both Indonesia and the Philippines, which has kept prices relatively high [3][4] - Domestic nickel iron smelting plants are experiencing losses, leading to reduced production and a decline in procurement demand [4][5] - The production of nickel intermediate products, particularly MHP, is expected to increase, which may lead to a further decline in cost levels in the industry [7][9] Group 3 - The demand for refined nickel has shown positive growth, particularly driven by the emerging need for pre-plated nickel materials in battery production, which is expected to create a significant supply-demand gap [13] - Traditional demand from stainless steel production is weakening, with notable reductions in output and a slower pace of inventory depletion [14][15] - The overall supply tightness in nickel ore and intermediate products is expected to provide cost support for nickel prices, although weak terminal demand may limit price increases [17]

Summary of Key Points from Conference Call Records Company Overview - **Company**: 九州通 (Jiuzhoutong) - **Industry**: Pharmaceutical and Healthcare Services Core Insights and Arguments 1. **Dividend Distribution**: 九州通 announced a cash dividend of 0.20 yuan per share for the year 2024, with a record date of June 16, 2025, and a payment date of June 17, 2025. The total distribution is based on the total share capital minus shares held in the repurchase account, resulting in a distribution of 2.00 yuan for every 10 shares held [1][2][3]. 2. **Investment in Innovation**: The company established a strategic fund, "Wuhan Jiuying Venture Capital Fund," with a scale of 500 million yuan, focusing on investments in innovative drugs and high-end generics. The fund aims to accelerate the introduction of valuable new products through various collaboration models [3][4]. 3. **Product Development**: 九州通's subsidiary, 湖北九康通生物医药有限公司, is developing an oral antiviral drug for COVID-19, SHEN211, which has been accepted for clinical trial registration. This drug is noted as the first non-peptide 3CL protease inhibitor in China [3]. 4. **Logistics Technology**: The company has developed a comprehensive range of robotic products for logistics operations, including various types of handling robots suitable for different storage conditions. These products are already in use at logistics centers for major clients [4]. 5. **AI and Cloud Collaboration**: 九州通 is collaborating with leading tech companies like Alibaba Cloud and Tencent Cloud to develop AI applications in healthcare, including smart logistics and diagnostic systems. The company is also working on AI-driven solutions for various business scenarios [5]. Additional Important Information 1. **Environmental Initiatives**: The company is advancing its logistics park's photovoltaic project, achieving a total installed capacity of 20.57 MW, generating over 13 million kWh of electricity, and reducing CO2 emissions by approximately 11,021 tons [5]. 2. **Market Position**: 九州通 is recognized as the largest private pharmaceutical commercial enterprise in China and the first to be rated as a 5A logistics enterprise, highlighting its leadership in the industry [2]. 3. **Future Prospects**: The company is actively pursuing opportunities in the fields of innovative drugs, AI applications, and logistics technology, positioning itself for growth in the evolving healthcare landscape [3][5]. Company Overview - **Company**: 冰轮环境 (Binglun Environment) - **Industry**: Environmental Control and Energy Solutions Core Insights and Arguments 1. **Project Wins**: 冰轮环境 announced winning two large cold chain projects with a total bid amount exceeding 190 million yuan, representing about 2.9% of the company's audited revenue for 2024 [6][7]. 2. **Product Offerings**: The company specializes in artificial environment control technologies and energy utilization, with key products including various types of compressors and industrial heat pumps [7]. 3. **Research and Development**: The company is engaged in developing solid oxide batteries and has been involved in projects related to controlled nuclear fusion, emphasizing its role in advanced technology sectors [7]. Additional Important Information 1. **Green Technology**: 冰轮环境's products have been recognized in the national green data center technology product directory, showcasing their application in major data centers across China [8]. 2. **Industry Applications**: The company's cooling solutions have been utilized in significant venues for the Beijing Winter Olympics, demonstrating their capability in high-profile projects [8]. 3. **Strategic Collaborations**: The company is exploring partnerships in the robotics field, particularly in logistics applications, indicating a focus on integrating advanced technologies into their service offerings [9]. Conclusion The conference call records highlight significant developments in both 九州通 and 冰轮环境, showcasing their strategic initiatives in innovation, technology, and market leadership within their respective industries.

Group 1 - The core viewpoint is that Ruitian Investment has conducted research on Dongfang Electric Heating, highlighting its growth in pre-plated nickel materials and electric heating products for new energy vehicles [1] - Dongfang Electric Heating expects to exceed an order volume of 20,000 tons for pre-plated nickel materials this year [1] - The company has established traditional customer relationships with major players like BYD, Li Auto, NIO, and others, while also adding new clients such as XPeng, GAC, FAW, and Renault [1] Group 2 - The profitability of pre-plated nickel materials is strong, and the company plans to focus on the domestic market before considering capacity expansion and potential overseas production bases [1] - In the new energy equipment sector, the company anticipates continued revenue and profit confirmation from polysilicon equipment, while also transitioning to products like lava energy storage electric heaters, with order reserves exceeding 100 million [1] - The home appliance components business has resumed its supplier code with Samsung, receiving an initial order of 10 million, and has confirmed a base in Thailand, engaging with multiple clients [1]

2月28日，以"聚集新技术 探索新工艺"为主题的行业首届圆柱电池技术——2025起点锂电圆柱电池技术论坛暨圆柱电池20强排行榜发布会，在 深圳宝安登喜路国际酒店正式举办，现场超200+圆柱电芯及应用、300+电池材料设备配套企业齐聚盛会，携手共探新发展，共创新机遇。 大圆柱电池行业在中国蓬勃发展，逐渐从引领行业到引领全球的趋势发展。在此背景下，对结构件和原材料的要求越来越严格。 我们主要是做结构件的基材，是预镀镍材料，主要是做电池壳。 我先讲讲预镀镍工艺，从炼钢开始，然后是热轧、酸轧、退火、镀镍等。钢铁行业在中国、在世界是很成熟的技术，这里的参数有好几百项， 在这几百项当中，预镀镍产品只把控本工序指标，我们感觉很不够，所以参考行业的原则，就是"一贯制"，从炼钢炼铁开始就开始把控。最核 心的关键参数有32项，从炼钢的成分控制，到热轧的温度控制，以及退火和镀镍的核心参数。炼钢主要是夹杂物的控制，热轧主要是温度及性 能控制，酸轧主要是厚度均匀性控制，退火主要是综合性能及合金层控制，镀镍主要是镀层控制。 预镀镍的工艺，主要是脱脂清、电解、连续合金化化退火、连续立式镀镍、平整、分条和使用。电镀的清洗，20年前，它的清晰 ...