Core Viewpoint - The company Guoxuan High-Tech is expected to see a significant increase in net profit for the year, driven by the listing of its associate company Chery in Hong Kong and the booming demand in the new energy vehicle and energy storage markets [1][2]. Financial Performance - The net profit attributable to shareholders is projected to be between 2.5 billion and 3 billion yuan, representing a year-on-year growth of 107.16% to 148.59% compared to 1.207 billion yuan in the previous year [2]. - The net profit after deducting non-recurring gains is expected to reach between 350 million and 450 million yuan, an increase of 33.31% to 71.40% from 262.54 million yuan in the same period last year [2]. - The basic earnings per share are anticipated to be between 1.38 yuan and 1.66 yuan, doubling from 0.68 yuan per share in the previous year, indicating a significant improvement in shareholder returns [1][2]. Market and Product Development - The primary driver of the performance growth is the rapid increase in demand for new energy vehicles and energy storage solutions, with a notable rise in sales of the company's next-generation high-energy-density lithium iron phosphate batteries [3]. - The company is actively pursuing an internationalization strategy, enhancing collaboration with strategic customers while exploring new businesses, clients, and markets to optimize customer and product structures [3]. - Continuous release of quality production capacity is expected to support future bulk orders from strategic customers and further reduce unit costs, alongside the implementation of lean manufacturing principles to improve operational efficiency [3].

每经AI快讯，1月30日，国轩高科公告，预计2025年度净利润为25亿元至30亿元，同比增长107.16%至 148.59%。 每经AI快讯，1月30日，国轩高科公告，预计2025年度净利润为25亿元至30亿元，同比增长107.16%至 148.59%。 ...

Core Insights - The lithium battery core material shipment volume is expected to achieve year-on-year growth by 2025, with a clear concentration of leading companies in the industry [2] - The lithium material industry is entering a new phase of value competition by 2026, with a focus on technological innovation and supply chain resilience [7] Positive Electrode Materials - Lithium Iron Phosphate - In 2025, China's lithium iron phosphate positive electrode material shipment volume reached 3.944 million tons, a year-on-year increase of 62.5%, accounting for 79.1% of the total positive electrode material shipment volume [3] - The top ten companies in this segment include Hunan YN, Wanrun Energy, and Defang Nano, with Hunan YN leading with over 1 million tons and a market share of approximately 29.8%-30% [3] Positive Electrode Materials - NCM - In 2025, China's NCM material shipment volume reached 786,000 tons, a year-on-year increase of 22.2% [4] - The leading companies in this segment are Nantong Ruixiang, Tianjin Bamo, and Rongzhi Technology, with Nantong Ruixiang achieving nearly 200,000 tons in shipments [4] Negative Electrode Materials - In 2025, China's negative electrode material shipment volume reached 2.922 million tons, a year-on-year increase of 38.1% [5] - The top three companies, including Better Energy, Shanghai Shanshan, and Zhongke Xingcheng, collectively hold a market share of 50.9% [5] Electrolytes - In 2025, global lithium-ion battery electrolyte shipment volume grew by 44.5% to 2.402 million tons, with China's actual shipment volume reaching 2.235 million tons, accounting for 93.05% of the global market [6] - The leading companies in this segment include Tianci Materials and BYD, with Tianci Materials achieving a shipment volume of 720,000 tons and a market share of 32.2% [6] Separators - In 2025, China's lithium-ion battery separator total shipment volume reached 32.85 billion square meters, a year-on-year increase of 44.4% [7] - The top companies in this segment include Shanghai Enjie and Hebei Jinli, with Shanghai Enjie achieving nearly 10 billion square meters in shipments and a market share exceeding 30% [7] Industry Outlook for 2026 - By 2026, global lithium-ion battery shipment volume is expected to reach 3,016.3 GWh, with a year-on-year growth of approximately 30% [7] - The industry is anticipated to see intensified competition among leading companies and accelerated exit of weaker players, driven by the expansion of the energy storage market and growth in new energy vehicle exports [7]

Core Viewpoint - The company Guoxuan High-Tech expects a significant increase in net profit for the fiscal year 2025, driven by the growing demand in the electric vehicle and energy storage markets [1] Financial Performance - The projected net profit for 2025 is estimated to be between 2.5 billion to 3 billion yuan, representing a year-on-year growth of 107.16% to 148.59% compared to the previous year's profit of 1.207 billion yuan [1] - The increase in profit is attributed to a substantial rise in sales of the company's next-generation high-energy density lithium iron phosphate battery products [1] Non-Recurring Gains - The company reported a non-recurring gain of approximately 1.7 billion yuan from the fair value change of its early holdings in Chery Automobile, following its listing on the Hong Kong Stock Exchange [1]

国轩高科公告，预计2025年度净利润为25亿元-30亿元，同比增长107.16%-148.59%。公司业绩增长主要 得益于新能源汽车及储能市场需求的快速增长，新一代高能量密度磷酸铁锂电池产品销量大幅提升，同 时公司推进国际化战略，优化客户和产品结构，提升盈利能力。 ...

南财智讯1月30日电，国轩高科发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为25 亿元—30亿元，同比预增107.16%—148.59%；预计2025年全年归属于上市公司股东的扣除非经常性损 益的净利润为3.5亿元—4.5亿元，同比预增33.31%—71.40%。业绩变动原因说明：1、公司2025年度业 绩与上年同期相比实现增长，受益于新能源汽车及储能市场需求的快速增长，公司新一代高能量密度磷 酸铁锂电池产品销量同比大幅提升。公司坚定推进国际化战略，在深化与战略客户合作的同时，积极开 拓新业务、新客户和新市场，客户结构和产品结构持续优化。同时，随着公司优质产能不断释放，规模 效益逐步显现，确保未来有能力交付更多战略客户的批量订单。公司深度贯彻落实精益制造理念，重视 管理提升，加强费用控制，本年度盈利能力有所提升。2、公司早期持有的奇瑞汽车（股票代码： HK.9973）股份因其港股上市，整体公允价值变动收益约17亿元，上述事项属于非经常性损益。 ...

证券代码：002074 证券简称：国轩高科 公告编号：2026-005 国轩高科股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 新业务、新客户和新市场，客户结构和产品结构持续优化。同时，随着公司优 质产能不断释放，规模效益逐步显现，确保未来有能力交付更多战略客户的批 量订单。公司深度贯彻落实精益制造理念，重视管理提升，加强费用控制，本 年度盈利能力有所提升。 2、预计的业绩： □ 扭亏为盈 ☑ 同向上升 □ 同向下降 | 项 目 | 本报告期 | | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利：250,000.00 | 万元 万元 -300,000.00 | 万元 盈利：120,679.01 | | | 比上年同期增长：107.16% | - 148.59% | | | 扣除非经常性损 益后的净利润 | 盈利：35,000.00 | 万元 万元 -45, ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002074 证券简称：国轩高科 公告编号：2026-004 国轩高科股份有限公司 关于第四期员工持股计划预留授予部分非交易过户完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 国轩高科股份有限公司（以下简称"公司"）分别于2024年4月30日、2024年5月21日召开第九届董事会第 七次会议和第九届监事会第七次会议及2023年年度股东大会，审议通过了《关于〈公司第四期员工持股 计划（草案）〉及其摘要的议案》及其他相关议案。2025年8月28日，公司第九届董事会第十三次会议 审议通过了《关于第四期员工持股计划预留份额调整暨分配的议案》，拟向不超过180名激励对象授予 不超过297.5万股预留份额。具体内容详见公司于巨潮资讯网（www.cninfo.com.cn）上披露的相关公 告。 根据中国证券监督管理委员会《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所上 市公司自律监管指引第1号一一主板上市公司规范运作》等法规规定，公司第四期员工持股计划预留授 予部分非交易过户现已办理完成 ...

Summary of Conference Call Notes Industry Overview Humanoid Robot and EV Supply Chain - The conference focused on the China humanoid robot and EV supply chain sector, with meetings held from January 19-22, 2026, involving various companies in the robotics and automotive sectors [1] - Major component suppliers are preparing for the debut of Tesla's Optimus Gen 3 in the first half of 2026, with batch shipments expected in the second half of 2026 [1] - Suppliers for Unitree's humanoid robot anticipate significant year-over-year shipment growth in 2026, leading to over 100% growth in humanoid robot-related sales [1] - Key component manufacturers are increasing production capacity and expect cost reductions through mass production and product standardization [1] Auto/EV OEMs & Supply Chain Sales Trends and Cost Pressures - Weak auto and EV sales trends are continuing into January 2026, attributed to cuts in EV purchase tax subsidies and incomplete trade-in subsidies [2] - Chery plans to launch new models post-Lunar New Year in February 2026 [2] - BOM (bill of materials) costs for EV models are estimated to increase by approximately RMB4,500-5,000 due to rising prices of lithium carbonate, memory, copper, and aluminum [2] - Seyond expects price reductions in LiDAR, which may alleviate some cost pressures for OEMs [2] Battery Sector Growth and Cost Management - CALB and Gotion are targeting over 50% year-over-year shipment growth, aiming for 180 GWh and 150 GWh respectively in 2026, driven by ESS demand and electrification of commercial vehicles [3] - Both companies plan to expand their effective capacities to 200 GWh by 2026 [3] - Upstream cost pressures from lithium carbonate and LiPF6 are expected to be partially passed through to customers, with ESS customers more likely to accept price hikes than EV customers [3] Company-Specific Insights Wolong Electric - Anticipates humanoid robot-related revenue to double year-over-year in 2026, with a projected revenue of around RMB100 million from humanoid robots in 2025 [8] - The company is investing in a data collection center for humanoid robots, focusing on motion capture [8] ZD Leader - Expects humanoid robot-related revenue to increase from RMB50 million in 2025 to over RMB100 million in 2026, driven by orders from a leading local robot maker [9] - The average selling price of its planetary reducers is expected to decline in the long term [9] Changsheng Bearing - Currently, humanoid robot-related revenue accounts for less than 1% of total revenue, but significant growth is expected [10] - Management anticipates a 20% CAGR in the auto industry, supported by rising content value and market share gains [10] Precision Tsugami China - Achieved over 15,000 unit shipments of machine tools in 2025, with a revenue of over RMB5 billion [11] - Management expects over 10% year-over-year shipment growth in 2026, driven by demand from various sectors [11] Seyond - Projects over 1 million units of LiDAR shipments in 2026, with a focus on ADAS products [13] - Expects average selling prices to drop but gross profit margins to improve due to economies of scale [13] Inovance - Expects continued recovery in the factory automation sector, with strong demand from the battery and 3C sectors [14] - New businesses in robotics and industrial software are anticipated to drive long-term growth [15][16] Hengli Hydraulic - Aims for 20-30% revenue growth in 2026, with significant contributions from its partnership with Caterpillar [17] - Targets RMB300-500 million in sales from screw and linear guide business in 2026 [18] CALB - Targets over 180 GWh in battery shipments for 2026, with a focus on mid-to-high-end EV models [19] - Plans to increase production capacity to 200 GWh by 2026 and expects to pass through lithium carbonate price hikes to customers [20][21] JAC - Expects a net loss of RMB1.68 billion in 2025 but aims for 50,000 units shipment for its Maextro brand in 2026 [23] - The Maextro brand is expected to improve profitability in 2026 due to rising capacity utilization [23] Gotion Hi-Tech - Targets 150 GWh in battery shipments for 2026, with significant expansion in production capacity planned [27][28] Chery - Aims for 3 million units in volume sales for 2026, with a 50% penetration rate for EV sales [30] - Expects stable net profit per vehicle despite BOM cost increases [31] Bethel - Projects over 20% revenue growth in 2026, with a focus on new product introductions [32] - Anticipates relatively weak customer orders in the first quarter of 2026 [32] Conclusion - The conference highlighted significant growth opportunities in the humanoid robot and EV sectors, with various companies preparing for increased demand and addressing cost pressures through strategic planning and partnerships.

证券代码：002074 证券简称：国轩高科 公告编号：2026-004 国轩高科股份有限公司 关于第四期员工持股计划预留授予部分非交易过户 完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 国轩高科股份有限公司（以下简称"公司"）分别于 2024 年 4 月 30 日、2024 年 5 月 21 日召开第九届董事会第七次会议和第九届监事会第七次会议及 2023 年年度股东大会，审议通过了《关于<公司第四期员工持股计划（草案）>及其 摘要的议案》及其他相关议案。2025 年 8 月 28 日，公司第九届董事会第十三次 会议审议通过了《关于第四期员工持股计划预留份额调整暨分配的议案》，拟向 不超过 180 名激励对象授予不超过 297.5 万股预留份额。具体内容详见公司于巨 潮资讯网（www.cninfo.com.cn）上披露的相关公告。 根据中国证券监督管理委员会《关于上市公司实施员工持股计划试点的指导 意见》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运 作》等法规规定，公司第四期员工持股计划预留授予部分非交易过户现已办理完 成 ...