丨 2025年8月19日星期二丨 NO.1久吾高科：拟发行可转债募资不超5.04亿元 8月18日，久吾高科（300631）公告称，公司拟发行可转债募资不超过5.04亿元，扣除发行费用后用 于"班戈错盐湖年产2000吨氯化锂中试生产线BOT项目""特种无机膜组件及装置生产线项目""补充流动 资金"。 8月18日，蔚蓝锂芯公告称，公司控股子公司淮安澳洋顺昌光电技术有限公司拟在马来西亚进行LED项 目建设投资，项目总投资8388万美元，新建LED CSP项目(CSP意为芯片级封装)。项目全部建成达产 后，预计将形成700KK(1KK即1百万)芯片点测分选及CSP月产能。蔚蓝锂芯同日披露2025年半年报，公 司上半年实现归母净利润3.33亿元，同比增长99.09%。 点评：蔚蓝锂芯控股子公司在马来西亚投资建设LED CSP项目，表明蔚蓝锂芯积极拓展国际市场，希望 增强全球竞争力，这会对LED行业产生积极影响。 NO.3龙佰集团：公司上半年净利润13.85亿元同比下降19.53% 8月18日，龙佰集团（002601）公告称，公司2025年上半年实现营业收入133.31亿元，同比下降3.34%， 归母净利润为13.85亿 ...

8月18日，久吾高科公告称，公司拟发行可转债募资不超过5.04亿元，扣除发行费用后用于"班戈错盐湖 年产2000吨氯化锂中试生产线BOT项目""特种无机膜组件及装置生产线项目""补充流动资金"。 点评：久吾高科拟发行可转债募资，募投项目展现其在新能源和环保领域的战略布局。此举有望增强公 司竞争力，提升市场份额，对相关行业产生积极影响。 NO.2 蔚蓝锂芯：控股子公司拟以8388万美元在马来西亚投建LED项目 8月18日，蔚蓝锂芯公告称，公司控股子公司淮安澳洋顺昌光电技术有限公司拟在马来西亚进行LED项 目建设投资，项目总投资8388万美元，新建LED CSP项目（CSP意为芯片级封装）。项目全部建成达产 后，预计将形成700KK（1KK即1百万）芯片点测分选及CSP月产能。蔚蓝锂芯同日披露2025年半年 报，公司上半年实现归母净利润3.33亿元，同比增长99.09%。 点评：蔚蓝锂芯控股子公司在马来西亚投资建设LED CSP项目，表明蔚蓝锂芯积极拓展国际市场，希望 增强全球竞争力，这会对LED行业产生积极影响。 每经记者｜朱成祥 每经编辑｜文多 丨 2025年8月19日 星期二丨 NO.1 久吾高科：拟发行可 ...

Group 1: Company Performance and Recovery - The company has faced performance pressure in recent years but is expected to see significant recovery in 2024, with a focus on lithium battery, metal logistics, and LED businesses [4][6][7] - In H1 2024, the company's revenues from lithium batteries, metal logistics, and LED businesses were 1.11 billion, 1.16 billion, and 750 million yuan respectively, showing year-on-year growth of 79%, 14%, and 25% [4][6] - The company is a leading player in the small cylindrical battery market, with a focus on electric tools and a recovery in demand expected in 2024 [4][6] Group 2: Tool Battery Segment - The tool battery segment is returning to an upward cycle, with demand recovering after two years of decline, and exports of electric drills, chainsaws, and lawnmowers expected to grow by 32%, 29%, and 72% respectively in 2024 [2][8][10] - The company has seen a significant increase in sales volume and profit per unit, with sales of 1.75 billion units in H1 2024 and an expected profit of over 0.3 yuan per unit [2][18] - The U.S. is in a rate-cutting cycle, which is expected to sustain tool demand, with a projected double-digit growth in tool demand in 2025 [13][16] Group 3: Non-Tool Battery Segment - The company is expanding into new markets such as Battery Backup Units (BBU), which are expected to grow at a CAGR of 7-9% from 2024 to 2028 [3][26] - BBU batteries are anticipated to have significantly higher profitability compared to traditional cylindrical batteries, with potential for domestic substitution [3][34] - The company is actively exploring applications in smart mobility, low-altitude, and robotics, with projected battery revenues of 2.33 billion, 4.2 billion, and 4.2 billion yuan from 2024 to 2026 [3][26] Group 4: Metal Logistics and LED Business - The metal logistics business is expected to grow steadily, with projected revenues of 2.4 billion, 2.6 billion, and 2.7 billion yuan from 2024 to 2026 [4][6] - The LED business is experiencing a recovery in profitability, with revenues expected to reach 1.7 billion, 1.9 billion, and 2.1 billion yuan from 2024 to 2026, reflecting a significant improvement in market conditions [4][6]