| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-091 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 第二届监事会第十九次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 珠海冠宇电池股份有限公司（以下简称"公司"）第二届监事会第十九次会 议于 2025 年 10 月 30 日以现场结合通讯方式召开。本次会议通知已于 2025 年 10 月 25 日发出。本次会议由监事会主席何锐先生召集并主持，应出席监事 3 人， 实际到会监事 3 人。本次会议的召集、召开程序符合《中华人民共和国公司法》 以及《珠海冠宇电池股份有限公司章程》的相关规定，会议决议合法、有效。 二、监事会会议审议情况 （一） 审议通过《关于〈2025 年第三季度报告〉的议案》 经审核，监事会认为：公司《2025 年第三季度报告》的编制和审议程序符 合相关法律、行政法规等的规定，报告内容真实、准确、完整地反映了公司 ...

| | 转债简称：冠宇转债 | | --- | --- | | 证券代码：688772 转债代码：118024 | 证券简称：珠海冠宇 公告编号：2025-093 | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 2025 年 4 月 13 日，公司召开第二届董事会第二十七次会议，审议通过了《关 于第二期以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金 及股票回购专项贷款以集中竞价交易方式回购公司股份。本次回购资金总额不低 于人民币 10,000 万元（含）且不超过人民币 20,000 万元（含），回购价格不超过 人民币 23 元/股（含）。回购期限为自董事会审议通过本次回购股份方案之日起不 超过 12 个月。本次回购的股份将用于可转换公司债券转股，或用于员工持股计划 /股权激励。具体内容详见公司于 2025 年 4 月 15 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于第二期以集中竞价交易方式回购公司股份方案的 公告》以及 2025 年 4 月 17 日披露的《关于第 ...

Financial Performance - Revenue for the third quarter reached CNY 4,223,558,713.91, an increase of 33.22% year-on-year[4] - Total profit for the third quarter was CNY 185,555,021.25, representing a significant increase of 109.34% compared to the same period last year[4] - Net profit attributable to shareholders for the third quarter was CNY 270,049,048.09, up 62.49% year-on-year[4] - The company reported a basic earnings per share of CNY 0.24, reflecting a 60.00% increase compared to the previous year[4] - The company experienced a significant increase in total profit for the year-to-date period, reaching CNY 119,085,882.37, a staggering 1,905.91% increase[4] - Total revenue for the first three quarters of 2025 reached ¥10,321,184,450.66, an increase of 21.2% compared to ¥8,517,475,269.75 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥311,061,798.43, compared to ¥157,620,337.80 in 2024, representing a significant increase of 97.2%[22] - Operating profit for the first three quarters of 2025 was ¥115,430,772.00, a substantial rise from ¥7,869,393.15 in the previous year[22] - Total revenue for the first three quarters of 2025 reached ¥9,047,657,732.60, an increase of 6.77% compared to ¥8,472,853,371.47 in the same period of 2024[24] - Total comprehensive income attributable to the parent company was ¥388,313,134.46, compared to ¥268,885,943.75 in the previous period, indicating a growth of 44.41%[23] Research and Development - Research and development expenses totaled CNY 500,483,730.55, accounting for 11.85% of revenue, a decrease of 0.42 percentage points[5] - Research and development expenses increased to ¥1,318,613,181.77 in 2025, compared to ¥1,053,169,501.27 in 2024, marking a growth of 25.3%[21] Assets and Liabilities - Total assets increased by 23.53% year-on-year, reaching CNY 25,883,635,478.34[5] - Total assets amounted to ¥25,883,635,478.34, up from ¥20,953,156,563.69 in the previous year, indicating a growth of 23.5%[18] - Total liabilities increased to ¥17,819,837,168.41 from ¥13,686,458,433.61, reflecting a rise of 30.5%[18] - The company reported a significant increase in fixed assets, totaling ¥9,159,067,616.70, up from ¥7,911,447,982.14, reflecting a growth of 15.8%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,690[11] - The largest shareholder, Zhuhai Pruida Investment Co., Ltd., holds 199,973,600 shares, accounting for 17.66% of total shares[11] Cash Flow and Financing Activities - The company's cash and cash equivalents as of September 30, 2025, amount to RMB 2,438,715,635.18[15] - Net cash flow from operating activities for the first three quarters of 2025 was ¥1,735,785,957.18, up from ¥1,658,419,673.63 in 2024, reflecting a growth of 4.67%[25] - The net cash flow from investing activities was -¥3,660,065,690.90 for the first three quarters of 2025, worsening from -¥3,071,832,646.00 in 2024[25] - The company absorbed investments totaling ¥841,564,568.50, significantly higher than ¥50,640,149.47 in the previous year[25] - The total cash inflow from financing activities was ¥3,457,092,264.94, slightly up from ¥3,284,582,316.14 in the previous year[25] - The company reported a decrease in cash outflow from financing activities to ¥2,100,351,089.28 from ¥2,787,223,086.04 in the previous year, reflecting a reduction of 24.66%[25] Share Repurchase - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million[13] - As of September 30, 2025, the company has repurchased a total of 3,634,391 shares, representing 0.32% of the total share capital[13] - The highest repurchase price was RMB 12.89 per share, while the lowest was RMB 11.92 per share[13] Accounts Receivable and Other Financials - Accounts receivable increased to RMB 4,345,624,492.94 from RMB 3,232,362,652.10 in the previous year[15] - The company’s trading financial assets rose significantly to RMB 977,315,958.90 from RMB 150,535,068.48[15] - The company’s prepayments increased to RMB 70,953,136.95 from RMB 42,147,756.85[15] - The total amount of other receivables decreased to RMB 119,409,504.88 from RMB 212,833,454.23[15]

Core Insights - The "Energy Saving and New Energy Vehicle Technology Roadmap 3.0" was officially released on October 23, proposing that solid-state batteries are expected to achieve small-scale applications by 2030 and large-scale global promotion by 2035 [1][2] - Solid-state batteries are transitioning from laboratory stages to mass production validation, with small batch vehicle trials anticipated by the end of 2025 and widespread vehicle trials expected in 2026-2027 [1][2] - Emerging application scenarios such as low-altitude, robotics, and AI are expected to open up market opportunities for solid-state batteries, accelerating industrialization [1][2] Technology Progress - On October 25, BAK Battery showcased in-situ curing technology at the 32nd China Society of Automotive Engineers Annual Conference, achieving an energy density of 390Wh/kg with a semi-solid battery that maintains liquid electrolyte content below 10% [2] - XINWANDA launched the "XIN·Bixiao" solid-state battery on October 23, featuring an energy density of 400Wh/kg (520Wh/kg for laboratory samples) and over 70% capacity retention at -30°C [2] - Zhuhai Guanyu successfully mass-produced a battery with 25% high-silicon anode, achieving a volumetric energy density of 900Wh/L [2] Strategic Collaborations - On October 16, Huasheng Lithium Battery signed a strategic cooperation agreement with Hive Energy, focusing on the cost reduction of sulfide solid-state electrolytes [2] - The collaboration aims to leverage Huasheng Lithium Battery's liquid-phase method to significantly reduce the cost of lithium sulfide raw materials, targeting a price reduction from over 10 million yuan per ton [2] Industry Dynamics - The solid-state battery index increased by 3.4% from October 20 to October 24, with a cumulative increase of 51.3% in 2025, compared to an 18.4% increase in the CSI 300 index during the same period [3] - Average gains for solid-state battery-related stocks were 3.8%, with significant increases in the current week, particularly in the current collector (+8.8%) and battery sectors (+6.1%) [3] - Top gainers included Zhuhai Guanyu (+23.1%), Defu Technology (+15.8%), and Penghui Energy (+14.2%) [4]

Summary of Key Points from Conference Call Records Industry Overview - **Lithium Battery Materials**: Continuous price increases are observed, with strong expectations for price hikes in lithium hexafluorophosphate, anode materials, and lithium iron phosphate. Cobalt prices have doubled, significantly enhancing the gross margins across the supply chain, benefiting companies like Fangyuan Co. and others [1][4][8]. - **Energy Storage and Wind Power**: The energy storage sector remains robust despite some adjustments due to funding issues. The wind power sector is expected to exceed installation forecasts, with improved bidding prices and profitability logic being validated [1][6][18]. Company Insights - **Zhuhai Guanyu**: The company is expected to see significant sales growth next year, with projections of 80 million to 100 billion units sold, primarily steel-shell batteries. The rise in cobalt prices and potential widespread application of silicon anodes will further enhance profitability [1][3][7]. - **Cobalt Price Impact**: The increase in cobalt prices positively affects various segments of the supply chain, including upstream companies like Luoyang Molybdenum and Huayou Cobalt, as well as downstream firms like XINWANDA and EVE Energy, leading to substantial profit improvements [1][8][9]. Market Dynamics - **Consumer Electronics Growth**: Key growth drivers in the consumer electronics sector include steel-shell batteries, silicon anode applications, and inventory gains from rising cobalt prices. These factors are expected to significantly expand the profit margins of companies like Zhuhai Guanyu and others [1][7][10]. - **Risks in Consumer Electronics**: The sector faces risks from a potential global demand collapse and dollar depreciation. However, the current phase of the consumer electronics cycle is not overly concerning, as major brands have effectively hedged against currency risks [10][11]. Future Outlook - **Lithium Battery Pricing Logic**: The lithium battery supply chain is witnessing a bullish price outlook, particularly for lithium carbonate, which is expected to rise if energy storage continues to exceed expectations [13][24]. - **Wind Power Installation Forecast**: The wind power sector anticipates optimistic installation volumes for 2026, with significant orders in hand for major manufacturers. The expected installation volume is projected to be no less than 120 GW, driven by strong demand [18][19]. Additional Considerations - **Robotics Sector**: Tesla plans to achieve an annual production capacity of 1 million Optimus robots by the end of 2026, with the third generation expected to launch in early 2026. This sector is seen as a potential growth area [2][22]. - **Market Trends in Robotics**: The robotics sector has experienced volatility but is at a critical juncture for development, with domestic companies expected to introduce new products [23]. Conclusion The lithium battery materials and energy sectors are poised for growth, driven by rising prices and strong demand. Companies like Zhuhai Guanyu are well-positioned to capitalize on these trends, while the wind power sector shows promising installation forecasts. The robotics industry is also on the verge of significant advancements, particularly with Tesla's initiatives.

Group 1 - Songyan Power recently completed nearly 300 million yuan in Pre-B round financing, led by Fangguo Capital, with participation from various institutions including Xiangfeng Investment and CCTV Media Fund [1] - The humanoid robot sector saw significant stock price increases from October 20 to October 24, with Dayang Electric rising by 29.09%, and several other companies like Jinfeng Technology and Zhuhai Guanyu also experiencing over 20% gains [1][2] Group 2 - Songyan Power's N2 robot won second place in the world's first humanoid robot half marathon held in Beijing in April, leading to accelerated commercialization and over 2,500 orders for the N2 robot [4] - On October 22, Songyan Power launched its first small humanoid robot, "Bumi Xiaobumi," priced under 10,000 yuan, which received over 300 online orders within a day of its launch [4] - The company is preparing for future product deliveries by establishing a sizable production line in the Yangtze River Delta and focusing on cost reduction through the use of composite materials and in-house development of key components [4] - The founder of Songyan Power anticipates that price reductions in humanoid robots will become a trend, particularly for applications in entertainment and education, which will expand the consumer market and reduce supply chain costs [4][5]

Core Viewpoint - Zhuhai Guanyu announced the approval of a plan to use up to 400 million yuan of temporarily idle raised funds for cash management, which includes various investment directions such as time deposits, notice deposits, large certificates of deposit, and structured deposits, with a validity period of 12 months [1] Group 1 - The company will utilize the idle funds for cash management without affecting the normal progress of fundraising projects and its production operations [1]

珠海冠宇电池股份有限公司（以下简称"公司"）第二届监事会第十八次会 议于 2025 年 10 月 24 日以现场结合通讯方式召开。本次会议通知已于 2025 年 10 月 17 日发出。本次会议由监事会主席何锐先生召集并主持，应出席监事 3 人， 实际到会监事 3 人。本次会议的召集、召开程序符合《中华人民共和国公司法》 以及《珠海冠宇电池股份有限公司章程》的相关规定，会议决议合法、有效。 二、监事会会议审议情况 | 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-088 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 第二届监事会第十八次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 表决结果：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的公司《关 于使用部分闲置募集资金进行现金管理的公告》。 特此公告。 珠 ...

使用部分闲置募集资金进行现金管理的核查意见 招商证券股份有限公司 关于珠海冠宇电池股份有限公司 （二）现金管理额度及期限 招商证券股份有限公司（以下简称"主承销商"或"保荐机构"）作为珠海 冠宇电池股份有限公司（以下简称"珠海冠宇"或"公司"）首次公开发行股票 并在科创板上市和向不特定对象发行可转换公司债券的保荐机构，根据《上市公 司募集资金监管规则》《上海证券交易所科创板上市公司自律监管指引第 1 号— —规范运作》等相关法律法规及规范性文件，对珠海冠宇本次使用部分闲置募集 资金进行现金管理事项进行了审慎核查，核查情况及核查意见如下： 根据公司当前的募集资金使用状况、募集资金投资项目建设进度并考虑保持 充足的流动性，公司拟使用不超过人民币 4 亿元（单日最高余额，含本数）暂时 闲置募集资金进行现金管理，该额度自公司董事会审议通过之日起 12 个月内可 循环滚动使用。 （三）资金来源 本次现金管理的资金来源系公司部分暂时闲置的募集资金。 截至 2025 年 9 月 30 日，公司 2021 年首次公开发行股票募集资金使用情况 如下： | 发行名称 | 2021 | 年首次公开发行股票 | | | | | -- ...

| 证券代码：688772 | 证券简称：珠海冠宇 公告编号：2025-089 | | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | （一）现金管理目的 为了提高募集资金使用效率，珠海冠宇电池股份有限公司（以下简称"公 司"）在确保不影响募集资金投资项目建设、不改变募集资金使用用途、不影响 公司正常运营及确保资金安全并有效控制风险的前提下，利用公司暂时闲置募集 资金进行现金管理，以更好地实现公司募集资金的保值增值，增加公司收益，维 护公司全体股东的利益。 珠海冠宇电池股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 现金管理产品种类：安全性高、流动性好、满足保本要求的低风险产品， 包括但不限于定期存款、通知存款、大额存单、结构性存款、证券公司保本型收 益凭证及国债逆回购等。 现金管理额度及期限：不超过人民币 4 亿元（单日最高余额，含本数）， 该额度自公司董事会审议通过之日起 12 个月内可循环滚动使用。 已履行的审议程序 ...