证券代码：300014 证券简称：亿纬锂能 公告编号：2025-023 惠州亿纬锂能股份有限公司 第六届监事会第四十六次会议决议公告 一、逐项审议通过了《关于进一步明确公司向不特定对象发行可转换公司债券方 案的议案》 逐项审议通过了本次向不特定对象发行可转换公司债券（以下简称"可转债"） 的发行具体方案，主要内容如下： 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 惠州亿纬锂能股份有限公司（以下简称"公司""亿纬锂能"）第六届监事会第四 十六次会议于 2025 年 3 月 19 日在广东省惠州市仲恺高新区惠风七路 38 号亿纬锂能 零号会议室采用通讯表决的方式召开。本次会议的会议通知及相关资料于 2025 年 3 月 17 日以邮件方式送达各位监事，全体监事知悉本次会议的审议事项，并充分表达意见。 本次会议由监事会主席祝媛主持，应参加会议监事 3 名，实际参加监事 3 名。本 次会议的召开符合《公司章程》规定的法定人数。 会议的召集和召开符合《中华人民共和国公司法》和《公司章程》的有关规定。经 表决，形成以下决议： 本议案表决结果：3票同意，0票反对，0票弃权 ...

证券代码：300014 证券简称：亿纬锂能 公告编号：2025-022 惠州亿纬锂能股份有限公司 第六届董事会第四十八次会议决议公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 惠州亿纬锂能股份有限公司（以下简称"公司""亿纬锂能"）于 2025 年 3 月 19 日在广东省惠州市仲恺高新区惠风七路 38 号亿纬锂能零号会议室采用通讯表决的方 式召开第六届董事会第四十八次会议。本次会议由董事长刘金成先生主持，应参加会 议董事 7 名，实际参加 7 名。本次会议的召开符合《公司章程》规定的法定人数。 本次会议的会议通知及相关资料于 2025 年 3 月 17 日以邮件方式送达各位董事， 全体董事知悉本次会议的审议事项，并充分表达意见。公司监事会成员和高级管理人 员列席了本次会议。 会议的召集和召开符合《中华人民共和国公司法》和《公司章程》的有关规定。经 表决，形成以下决议： 一、逐项审议通过了《关于进一步明确公司向不特定对象发行可转换公司债券方 案的议案》 1、发行证券的种类 本次发行证券的种类为可转换为公司A股股票的可转换公司债券。该可转换公司 债券及未来转 ...

证券代码：300014 证券简称：亿纬锂能 公告编号：2025-021 惠州亿纬锂能股份有限公司 关于公司收到小鹏汇天供应商定点通知的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 近日，惠州亿纬锂能股份有限公司（以下简称"公司"）收到广东汇天航空航天科 技有限公司（以下简称"小鹏汇天"）的供应商定点开发通知书，公司将为小鹏汇天提 供下一代原理样机低压锂电池。 本次收到定点开发通知书，是对公司低压锂电池的研发技术、产品性能和供货资 格的全方位认可，是公司在低空经济领域市场开拓的又一重要成果。该项目的顺利实 施将有助于双方共筑低空经济新生态，共同推动低空经济产业高质量发展，并持续提 升公司在新能源行业的市场拓展力、综合实力和国际化水平。 项目的进展尚存在不确定性，实际供货量需以正式销售订单为准，对本年度经营 业绩的影响暂不确定。公司将根据该事项的进展情况及时履行进一步信息披露义务， 敬请广大投资者谨慎决策，注意投资风险。 特此公告。 惠州亿纬锂能股份有限公司董事会 2025 年 3 月 18 日 1 / 1 ...

统一社会信用代码：91210106MAC3LHQP22 类型：有限责任公司（法人独资） 住所：辽宁省沈阳市沈阳经济技术开发区开发大路82号 证券代码：300014 证券简称：亿纬锂能 公告编号：2025-020 惠州亿纬锂能股份有限公司 关于子公司沈阳亿纬完成工商变更登记的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 惠州亿纬锂能股份有限公司（以下简称"公司"）子公司沈阳亿纬锂能有限公司 （以下简称"沈阳亿纬"）因经营管理需要，对住所进行了变更，其他信息不变。 近日，沈阳亿纬已完成工商变更登记手续，并取得了沈阳市铁西区市场监督管理 局核发的《营业执照》。具体信息如下： 名称：沈阳亿纬锂能有限公司 惠州亿纬锂能股份有限公司董事会 2025 年 3 月 14 日 1 / 1 法定代表人：李沐芬 注册资本：30,000万元人民币 经营范围：一般项目：新兴能源技术研发，电池制造，电池销售，新材料技术研 发，合成材料制造（不含危险化学品），合成材料销售，新能源汽车废旧动力蓄电池回 收及梯次利用（不含危险废物经营），汽车零部件及配件制造，电子专用设备销售，电 力电子 ...

Summary of the Earnings Call for EVE Energy Co., Ltd. Industry and Company Overview - The call discusses EVE Energy Co., Ltd., a company in the lithium battery and energy storage industry, focusing on its performance and future prospects in the context of the current market dynamics [2][3]. Key Points and Arguments Strong Business Performance - EVE Energy's core business is performing strongly, particularly in the power battery segment, with a significant increase in the application of large cylindrical batteries [3]. - The company has made notable progress in its energy storage business, with expectations of positive contributions from overseas production capacity, especially in Malaysia [3][4]. Market Position and Growth - In 2024, EVE Energy's domestic power battery installation reached 18.68 GWh, a 65% year-on-year increase, ranking fifth in China and ninth globally with approximately 20 GWh installed [4][5]. - The company anticipates a further increase in market share, particularly in the commercial vehicle sector, due to new model launches and overseas shipments of large cylindrical batteries [4][5]. Response to Tariffs and Market Challenges - EVE Energy plans to mitigate the impact of U.S. tariffs by increasing overseas production capacity, particularly in Malaysia, which is expected to enhance international competitiveness [4][6]. - The anticipated tariff adjustments could lead to a 20%-30% growth in overseas market shipments, ensuring performance certainty [4][6]. Future Performance Expectations - The company expects to turn a profit in its power battery segment by 2025, with significant contributions from energy storage capacity in 2026 [7]. - EVE Energy's projected power battery installation for 2025 is 25 GWh, exceeding previous expectations, with a total shipment forecast of 110 GWh for 2025 and 144 GWh for 2026 [8][20]. New Customer Acquisition - EVE Energy has successfully acquired new customers, with first-quarter data outperforming peers, indicating a clear expectation for increased volume from new clients [8]. - Notable clients include Xiaopeng Motors, which has shown strong performance since Q4 of the previous year [8]. Energy Storage Business Impact - In 2024, energy storage shipments accounted for 50 GWh of a total 70 GWh, with expectations for continued growth in 2025 [12]. - The company focuses on high-end markets and high-cycle life products, avoiding price wars, which mitigates the impact of policy changes on its overall volume [12]. Emerging Market Opportunities - Demand in emerging markets such as Africa, the Middle East, Australia, and South America is rapidly increasing, with project totals exceeding 40 GWh expected to start deliveries by year-end [13]. - EVE Energy has secured numerous overseas customer orders, positioning itself well to meet demand despite U.S. tariff challenges [13]. Cost Control and Production Efficiency - The company aims to improve production capacity utilization, which is expected to enhance cost control and profitability [16]. - A conservative estimate suggests a potential profit of 0.01 to 0.015 CNY per share, translating to approximately 1 billion CNY in growth [10]. Technological Advancements - EVE Energy has established a clear technological roadmap, with large cylindrical batteries already receiving attention from international clients [17]. - The company is adapting to changing application scenarios, particularly in the PHEV market, which is expected to drive demand for high-performance battery products [17]. Investment and Market Outlook - Despite current market oversupply affecting investment returns, there is optimism for long-term growth as supply chain conditions stabilize [22]. - EVE Energy's valuation is considered low compared to leading companies in the lithium battery sector, indicating strong future growth potential [7][21]. Additional Important Insights - The company is not participating in the price war in the energy storage market, focusing instead on maintaining product quality and market position [12]. - The impact of ITC subsidies and tariff changes on profitability is being closely monitored, with strategies in place to adapt to potential increases in tariffs [14][15]. This summary encapsulates the key insights from the earnings call, highlighting EVE Energy's strategic positioning, market dynamics, and future growth prospects in the lithium battery and energy storage industry.

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is positioned as a leading second-tier battery manufacturer with significant growth potential across four major segments: energy storage, commercial vehicle batteries, passenger vehicle batteries, and consumer batteries [8] - The company has achieved a strong foothold in the energy storage market, ranking second globally, and is expected to continue expanding its overseas production capacity [8] - The company’s revenue and profit forecasts for 2024-2026 are projected to grow, with net profits expected to reach 40.7 billion, 53.2 billion, and 75.1 billion yuan respectively [8] Summary by Sections Company Overview - The company has a rich history in the lithium battery industry, evolving through three main phases: focusing on lithium primary batteries, expanding into consumer lithium-ion batteries, and entering the power battery market [15][16] - The management team possesses deep technical backgrounds and strategic foresight, contributing to the company's competitive edge [19][20] Business Structure - The company has a balanced development across multiple business lines, with a compound annual growth rate (CAGR) of 54% in revenue over the past seven years [27][30] - The revenue from energy storage and power batteries is expected to exceed 370 billion yuan in 2024, driven by strong demand [30] Energy Storage Batteries - The company has rapidly ascended to the second position in global energy storage battery market share, with a projected shipment of 53 GWh in 2024, representing a 15.5% market share [42][45] - The global energy storage market is anticipated to grow significantly, with the company well-positioned to capitalize on this trend [42][44] Consumer Batteries - The company has a strong presence in the consumer battery market, with stable revenue growth and a focus on expanding overseas production capacity [30][32] - The company’s lithium primary batteries maintain a leading market share in China, contributing to consistent revenue growth [30][32]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is positioned as a leading second-tier battery manufacturer with significant growth potential across four major segments: energy storage, commercial vehicles, passenger vehicles, and consumer batteries [8] - The company has achieved a comprehensive battery technology reserve, ranking second globally in energy storage battery market share, and is expected to see substantial growth through new products and international expansion [8] - The company has a stable leading position in lithium primary batteries and is experiencing high demand in consumer cylindrical batteries, with a strong contribution from its investment in Smoore [8] Summary by Sections Company Overview - The company has a rich product line and has successfully navigated through various industry cycles, focusing on differentiated development strategies in large cylindrical and large iron-lithium batteries [15][16] - The management team has extensive experience in the lithium battery industry, with a strong emphasis on technological advancement and strategic foresight [19][20] Business Structure - The company has achieved a compound annual growth rate (CAGR) of 54% in revenue over the past seven years, driven by balanced growth across multiple business segments [29][30] - The revenue forecast for 2024 is projected at 47.57 billion yuan, with a significant contribution from energy storage and power batteries [1] Energy Storage Batteries - The company has rapidly ascended to the second position in the global energy storage battery market, with a market share of 15.5% in 2024, and is expected to maintain a growth rate of 45% in shipments [42][45] - The global energy storage market is anticipated to grow significantly, with the company well-positioned to capitalize on this trend through its new product offerings and overseas production capabilities [42][44] Consumer Batteries - The company is experiencing robust demand for its consumer cylindrical batteries, with a projected shipment of 1.1 billion units in 2024, reflecting a 70% year-on-year increase [30] - The company maintains a leading position in the lithium primary battery market, with stable revenue growth and high profit margins [30][32]

证券代码：300014 证券简称：亿纬锂能 公告编号：2025-019 惠州亿纬锂能股份有限公司 关于子公司完成工商变更登记的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 统一社会信用代码：91441300566696617E 类型：有限责任公司（非自然人投资或控股的法人独资） 住所：惠州市仲恺高新区和畅东六路3号厂房 法定代表人：刘金成 惠州亿纬锂能股份有限公司子公司惠州金源智能机器人有限公司因经营管理需要， 对名称和经营范围进行了变更，其他信息不变。具体情况如下： | 变更事项 名称 | 变更前 惠州金源精密自动化设备有限公司 | 变更后 惠州金源智能机器人有限公司 | | --- | --- | --- | | | | 一般项目：智能机器人的研发；智能机器人 销售；服务消费机器人销售；服务消费机器 | | | | 人制造；特殊作业机器人制造；人工智能行 | | | 一般项目：机械设备研发；机械设备销 | 业应用系统集成服务；人工智能硬件销售； | | | 售；机械设备租赁；工业设计服务；工 | 人工智能基础软件开发；人工智能理论与算 | | | 业 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its investment potential [4][56]. Core Viewpoints - The company is considered a high-quality asset capable of growing through cycles, with strong financial and operational performance [2][4]. - The company is expanding its production capacity for cylindrical batteries, which is expected to create a differentiated competitive advantage [3][40]. - The overseas energy storage market is anticipated to maintain high growth, while the consumer battery segment is showing upward trends in demand [4][45]. Summary by Sections Financial and Operational Stability - The company has a solid financial and operational foundation, with its consumer battery segment leading in several niche markets. The energy storage battery segment is now the primary revenue source, surpassing consumer batteries [2][10]. - The gross margin for energy storage batteries is in the top tier, while the consumer battery segment maintains a leading industry margin of over 30% [14][18]. - The company has a strong cash flow situation, with cash and cash equivalents significantly increasing, and a collection rate of over 70% of revenue [24][27]. Expansion and Competitive Advantage - The company is actively expanding its production capacity for large cylindrical batteries, with significant projects underway, including a 23GWh lithium iron phosphate energy storage battery project and a 21GWh passenger vehicle battery project [3][35]. - The company has received strong demand signals, with over 286GWh of future orders for large cylindrical batteries, indicating a robust order book and market confidence [38][39]. Market Growth and Demand - The energy storage business is expected to see high growth due to favorable economic conditions, with a projected shipment of 20.95GWh in the first half of 2024, representing a year-on-year increase of 133.18% [45]. - The consumer battery segment is also experiencing a recovery in demand, driven by the growth of the IoT industry and the introduction of new products [50]. Investment Forecast - Revenue projections for 2024, 2025, and 2026 are estimated at 454.99 billion, 530.11 billion, and 679.72 billion yuan, respectively, with corresponding net profits of 37.91 billion, 52.01 billion, and 82.99 billion yuan [4][56]. - The expected earnings per share (EPS) for the same years are 1.85, 2.54, and 4.06 yuan, with a price-to-earnings (PE) ratio of 24.07, 17.54, and 10.99 [56][58].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its investment potential [4]. Core Viewpoints - The company is considered a high-quality asset capable of growing through cycles, with strong financial and operational performance [2]. - The company is expanding its production capacity for large cylindrical batteries, which is expected to create a differentiated competitive advantage [3]. - The overseas energy storage market is anticipated to maintain high growth, while the consumer battery segment is also showing upward trends [4]. Summary by Sections Financial and Operational Stability - The company has a strong financial and operational foundation, with its consumer battery segment leading in several niche markets. The energy storage battery segment is now the primary revenue source, surpassing consumer batteries. The gross margin for energy storage batteries is among the top tier, while consumer battery margins are industry-leading [2][14]. - The company has a low sales expense ratio compared to industry leaders and demonstrates strong financial management capabilities. R&D investment is prioritized, with a research expense ratio higher than that of leading competitors [18]. Expansion and Competitive Advantage - In a period of industry overcapacity, the company is actively issuing convertible bonds to fund new projects, particularly focusing on large cylindrical battery projects. The expected capacity release for these projects is concentrated around 2026-2027, with significant customer interest already secured [3][35]. - The company has received over 286 GWh of intent demand for its large cylindrical batteries, indicating strong future order certainty [38]. Growth in Energy Storage and Consumer Batteries - The energy storage business is expected to see high growth due to the advantages of cost-effectiveness as interest rates decline in major economies. The company has secured multiple supply agreements, positioning it well for future demand [45]. - The consumer battery segment is also experiencing a recovery in demand, with production capacity expected to increase following the launch of the Malaysia facility [50]. Investment Forecast - Revenue projections for the company are set at 454.99 billion, 530.11 billion, and 679.72 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 37.91 billion, 52.01 billion, and 82.99 billion yuan. The expected EPS is 1.85, 2.54, and 4.06 yuan for the same years [4][56].