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【私募调研记录】睿郡资产调研盈康生命、海通发展等3只个股(附名单)
Zheng Quan Zhi Xing· 2025-08-27 00:07
根据市场公开信息及8月26日披露的机构调研信息,知名私募睿郡资产近期对3家上市公司进行了调研, 相关名单如下: 1)盈康生命 (上海睿郡资产管理有限公司参与公司电话会议) 调研纪要:公司二季度盈利主要原因是市场商务环境的改善以及产品产能利用率的提升。上半年,除部 分特殊型号产品的前驱体外购以外,其余前驱体均由子公司生产供应。关于固态电池方面,公司与中科 大马教授团队仍在紧密合作研发,双方尝试使用高镍材料与卤化物电池进行匹配。磷酸铁锂产品以动力 电池领域为主要应用方向,同时已在储能领域开展技术布局。对于可转债转股事宜,董事会将根据实际 情况决策,目前公司偿债能力良好。 机构简介: 上海睿郡资产管理有限公司由两家知名基金管理公司高管联合创业,坚持在主动管理领域的核心竞争 力,并敏锐把握各类金融创新机会,追求控制回撤风险下的较高收益,帮助客户在财富长跑中胜出。 以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。 2)海通发展 (睿郡资产参与公司路演活动&2025年干散货航运市场研讨论坛暨海通发展高管交流活 动) 调研纪要:海通发展2025年上半 ...
2025年H1三元前驱体市场盘点:国内产量40.5万吨,同比下滑7.3%
鑫椤锂电· 2025-07-15 02:22
Core Viewpoint - The article discusses the current state and future outlook of the ternary precursor market in China and globally, highlighting a decline in production and the competitive landscape influenced by demand for high-nickel materials and the supply chain dynamics led by major companies like CATL [2][6]. Group 1: Production Data - In the first half of 2025, China's ternary precursor production was 405,000 tons, a year-on-year decrease of 7.3%, while global production was 463,000 tons, down 6.8% [2]. - The demand for medium-nickel high-voltage materials is primarily driven by the domestic market, significantly influenced by the supply chain of CATL [4]. Group 2: Market Competition - Domestic companies hold a global market share of 87.6%, showing a slight year-on-year decline due to increased precursor capacity in South Korea [6]. - Companies like Hunan Bangpu and Lanzhou Jintong have seen significant order increases due to the growing demand from CATL, with strong growth in the first half of the year [6]. Group 3: Future Outlook - The focus for terminal demand in the second half of the year will remain on medium-nickel high-voltage and high-nickel materials, with expectations for production and sales growth from relevant companies [7]. - New precursor capacities, particularly in South Korea, are anticipated to come online in the second half of the year, with LG Chem's announcement of mass production of non-precursor cathodes also being noteworthy for future market penetration [7].
2025年H1三元材料市场盘点:国内产量32.1万吨,同比增长7.3%
鑫椤锂电· 2025-07-12 01:03
Core Viewpoint - The ternary material market in 2025 exhibits a notable "strong internal, weak external" characteristic, with domestic production increasing while global production declines [2]. Group 1: Production Data - In the first half of 2025, China's ternary material production reached 321,000 tons, a year-on-year increase of 7.3%, while global production was 455,000 tons, reflecting a year-on-year decline of 4.5% [3]. - The domestic market penetration rate for medium-nickel high-voltage materials has reached 35%, driven by popular models from manufacturers like Wanjie, Ideal, and Xiaomi, as well as new project sample testing demands [5]. Group 2: Market Competition - The concentration of the domestic ternary material market (CR3) has risen to 53.9%, an increase of 6 percentage points from 47.9% in 2024 [7]. - Nantong Ruixiang has seen over 60% year-on-year growth in production and sales, becoming the top player in the industry, while companies like Rongbai Technology and Tianjin Bamo follow closely due to high-nickel order demands [7]. - In the global context, domestic ternary material companies have surpassed a 70% market share for the first time, reaching 70.5%, with seven out of the top ten global companies being Chinese [7]. Group 3: Future Outlook - The medium-nickel high-voltage segment is expected to remain a strong driver for market growth, with demand expectations remaining high [9]. - In the high-nickel segment, overseas orders are primarily captured by companies like CATL and LGES, leading suppliers to focus more on the actual landing of terminal demand [9]. - Emerging markets such as humanoid robots and low-altitude applications are gaining traction, which may become new growth points for ternary materials [9].
当升科技2024年营收75.93亿元,加速布局固态电池与资源整合
Ju Chao Zi Xun· 2025-04-01 07:43
Core Viewpoint - The company is experiencing significant challenges in the lithium battery cathode materials industry due to slower-than-expected growth in the overseas electric vehicle market and intensified competition in both domestic and international markets [1][3]. Financial Performance - In 2024, the company reported operating revenue of 7.593 billion yuan, a decrease of 49.8% compared to 2023 [3]. - The net profit attributable to shareholders was 471.83 million yuan, down 75.48% year-on-year [3]. - The net profit excluding non-recurring gains and losses was 272.69 million yuan, reflecting an 86.23% decline from the previous year [1][3]. - Cash flow from operating activities increased by 30.74% to 1.598 billion yuan [1]. Strategic Focus - The company is committed to a strategic approach of "increasing volume domestically while expanding externally, optimizing resource capacity, and achieving breakthroughs in cobalt, manganese, and sodium solid materials" [1]. - The focus is on enhancing quality and efficiency in core business areas, including technological innovation, customer development, and sustainable practices [1]. Product Development - The company maintains an innovation-driven development philosophy, continuously creating new materials, technologies, and battery routes [2]. - A comprehensive product layout has been established in high nickel, medium nickel high voltage, lithium cobalt oxide, lithium iron phosphate (manganese), and next-generation battery materials [3]. Market Expansion - The company is accelerating the marketization of next-generation battery materials, leading the industry in the commercialization of solid-state lithium battery materials [4]. - During the reporting period, nearly 1,000 tons of solid-state lithium battery materials were shipped, representing several-fold growth year-on-year [4]. - Collaborations with key customers in various applications, including drones and eVTOL low-altitude aircraft, have resulted in significant orders [4].