固态电池：全面看好无负极路线！20260210 然而，无负极技术也面临一些挑战，如需要解决李志金和死锂的问题。这些问 题主要通过改进集流体结构、电解液优化以及构建人工 SEI 膜等方法来解决。 若改性集流体单价为 8 元/平方米，全国 100GWh 产能渗透率达 10%， 中一科技占据 50%市场份额，则该业务至少贡献 5 亿元以上业绩，对应 市值约 150 亿至 200 亿元。 当前锂电行业投资机会集中在电池和隔膜领域，推荐宁德时代和欣旺达， 隔膜行业长期性更好，预计 2026 年下半年将涨价，推荐恩捷、佛塑和 鑫源。 业正逐步将无负极技术整合到其固态电池产品中。 无负极电池与传统锂离子电池相比有哪些优势？ 无负极电池相较于传统锂离子电池具有以下几个显著优势： 摘要 无负极电池通过在集流体表面直接沉积和剥离锂离子，实现更高的能量 密度（650Wh/kg，1,300Wh/L）和更低的成本，优于传统锂离子电池。 宁德时代和比亚迪正积极推进无负极技术，宁德时代的自生成负极技术 显著提升了电池性能，比亚迪采用多孔海绵状结构增强集流体性能，并 逐步整合到固态电池产品中。 无负极技术面临锂枝晶和死锂问题，主要通过集流体 ...

Group 1 - Zhongyi Technology's stock increased by 5.15%, reaching 41.25 CNY per share, with a trading volume of 304 million CNY and a turnover rate of 3.36%, resulting in a total market capitalization of 9.621 billion CNY [1] - The company, established on September 13, 2007, and listed on April 21, 2022, is located in Yunmeng County, Hubei Province, and specializes in the research, production, and sales of high-performance electrolytic copper foil products [1] - The main business revenue composition includes lithium battery copper foil at 78.92%, electronic circuit copper foil at 20.67%, and other products at 0.41% [1] Group 2 - Fuyong Fund has a significant holding in Zhongyi Technology, with Fuyong Fuxin Mixed A Fund (004794) holding 23,800 shares, accounting for 6.37% of the fund's net value, making it the second-largest holding [2] - The fund has generated an estimated floating profit of approximately 48,100 CNY today [2] - Fuyong Fuxin Mixed A Fund was established on February 13, 2018, with a current scale of 1.1148 million CNY, and has achieved a year-to-date return of 13.69% [2]

（文章来源：证券日报） 证券日报网讯 2月2日，中一科技在互动平台回答投资者提问时表示，截至2026年1月30日，公司股东总 户数24388户。 ...

中一科技 2025 年产能利用率超 100%，出货 6.1 万吨，预计 2026 年 达 6.9 万吨，其中锂电铜箔 5.35 万吨，电子电路铜箔 1.42 万吨， 2025 年度盈利预估在 6,000 万至 8,000 万元之间。股票交易策略需关 注产能利用率与盈利预期。 公司与华中科技大学合作研发自生成负极技术，采用 3D 骨架结构，适 用于固态、半固态和液态电池，具备高能量密度、安全性好、循环寿命 长等优点，或将替代硅碳和锂金属负极。关注该技术对未来电池材料市 场的影响。 2026 年第一季度，中一科技加工费有所上涨，小客户及高端产品涨幅 较大，约 4,000-5,000 元，但整体涨幅不显著。加工费上涨直接影响公 司盈利能力，需关注后续涨价幅度和持续性。 2026 年第四季度，锂电铜箔出货 1.49 万吨，电子电路铜箔近 4,000 吨，总计约 1.9 万吨，利润约 3,000 万元。非经常性损益主要来自政府 补助及理财收益，存货减值和固定资产报废对利润有影响。关注非经常 性损益对公司利润的贡献。 Q&A 中一科技 20260129 摘要 请介绍一下中一科技的主营业务及其近期业绩情况。 中一科技主要从 ...

1月27日，中一科技发布2025年年度业绩预告，预计全年归属于上市公司股东的净利润为6000万元至 8000万元，较2024年的-8419.59万元实现扭亏为盈，同比增幅达171.26%至195.02%；扣除非经常性损益 后的净利润预计为2500万元至3500万元，同比增长119.15%至126.81%。此次业绩大幅改善，主要得益 于行业景气度回升带动铜箔加工费上涨、公司客户与产品结构优化推动销量及附加值提升，以及生产工 艺升级实现的提质降本多重因素共同作用。 中一科技拥有云梦、安陆两大电解铜箔生产基地，是业内知名的铜箔专业制造商、中国电子铜箔材料专 业十强企业，其产品主要应用于锂离子电池和印制电路板，广泛覆盖新能源汽车、储能设备、5G通讯 等多个高景气领域。 从业绩走势来看，公司2025年业绩呈现逐季改善的良好态势，进一步印证了其盈利能力的持续修复。数 据显示，2025年一季度公司归母净利润仍为-322.42万元，到上半年已实现盈利1531.31万元，前三季度 归母净利润达到3869.67万元，同比大幅上升156.51%，其中第三季度单季归母净利润2338.36万元，同 比增幅高达245.35%，凸显业绩增 ...

Core Insights - The core value of current collector coating materials lies in improving electrode interface performance, addressing traditional issues such as weak adhesion, high resistance, and corrosion susceptibility, making them essential for high energy density batteries [1][2] Industry Overview - Current collector coating materials are functional materials applied to the surfaces of battery current collectors, composed of carbon-based materials, conductive polymers, and other components, enhancing interface performance [2][4] - The market for current collector coating materials in China is projected to reach 7.18 billion yuan by 2025, with a year-on-year growth rate exceeding 38%, and is expected to further increase to 9.91 billion yuan in 2026 [1][6] Market Drivers - The demand for current collector coating materials is primarily driven by the rapid expansion of the lithium battery industry and the explosive growth of the new energy vehicle and energy storage markets [1][6] - The Chinese lithium battery industry is experiencing significant growth, with shipments expected to rise from 142.7 GWh in 2020 to 1,888.6 GWh in 2025, reflecting a compound annual growth rate of 69.4% [10] Policy Support - The Chinese government has introduced multiple policies to support the development of the energy electronics industry, emphasizing innovation, safety standards, and environmental requirements, which collectively promote the growth of the current collector coating materials sector [5][11] Industry Trends - The current collector coating materials industry is expected to evolve towards high-end technology, integrated industry structures, and diversified applications, with a focus on domestic substitution of core materials and expanding application scenarios [1][12] - Future technological advancements will include multi-functional composite coatings and low-VOCs green processes, enhancing performance for high energy density battery systems [13] - The industry is likely to see consolidation, with leading companies extending their value chains and focusing on domestic production of critical materials [14] - Application scenarios are expanding from power batteries and energy storage to consumer electronics and hydrogen energy storage, driving demand for customized products [15]

Core Viewpoint - The performance forecasts of A-share listed companies in the non-ferrous metal industry show a positive trend, with 62.16% of the 37 companies expecting better results in 2025, driven by rising metal prices and improved demand in the downstream market [1][2]. Group 1: Company Performance - Among the 37 listed companies, 23 are optimistic about their performance, with 15 expecting profit increases, 5 turning losses into profits, and 3 showing slight growth [2]. - China Rare Earth (000831) anticipates a net profit of approximately 143 million to 185 million yuan for 2025, marking a turnaround from losses, aided by a favorable market and strategic adjustments [2]. - Xianglu Tungsten Industry (002842) projects a net profit of 125 million to 180 million yuan for 2025, reflecting a year-on-year growth of 239.66% to 301.11%, driven by rising tungsten prices and improved market conditions [3]. - Zhongyi Technology (301150) expects a net profit of 60 million to 80 million yuan for 2025, representing a growth of 171.26% to 195.02%, due to increased processing fees for copper foil products and a focus on high-value products [8]. Group 2: Market Trends and Risks - The rise in product prices has led to significant stock price increases for related companies, prompting some to issue risk warnings [4]. - Silver futures and spot prices reached historical highs on January 26, leading to substantial gains for silver-related stocks, with Silver Nonferrous (601212) experiencing a cumulative stock price increase of 61.16% over five trading days [5]. - The increase in upstream metal prices has negatively impacted some downstream companies, such as Laimu Co. (603633), which faces rising production costs due to high raw material prices and tightening pricing strategies from automakers [6][7].

Core Viewpoint - Zhongyi Technology (301150) expects a net profit attributable to shareholders of 60 million to 80 million yuan for 2025, marking a turnaround from losses to profits [1] Group 1: Financial Performance - The company anticipates a significant improvement in profitability, with a projected net profit range of 60 million to 80 million yuan for 2025, compared to previous losses [1] - The recovery in industry conditions has led to an increase in the average processing fee for copper foil products, contributing to the company's financial turnaround [1] Group 2: Market Strategy - The company has actively developed new customers and optimized its customer structure, resulting in steady growth in product sales [1] - Continuous optimization of product structure has led to an increased sales proportion of high value-added products, enhancing the company's profitability [1] Group 3: Innovation and Efficiency - The company adheres to a philosophy of technological innovation, continuously optimizing production processes to improve quality and reduce costs, which positively impacts net profit [1]

Core Viewpoint - Zhongyi Technology (301150.SZ) expects a net profit attributable to shareholders of 60 million to 80 million yuan for 2025, marking a turnaround from losses, with a net profit excluding non-recurring gains and losses projected at 25 million to 35 million yuan, also indicating a return to profitability [1] Group 1: Financial Performance - The company anticipates a significant improvement in profitability, with a net profit forecast of 60 million to 80 million yuan for 2025, compared to previous losses [1] - The net profit excluding non-recurring items is expected to be between 25 million and 35 million yuan, indicating a positive shift in financial health [1] Group 2: Market and Product Strategy - The recovery in industry conditions has led to an increase in average processing fees for copper foil products, contributing to the company's improved financial outlook [1] - The company has actively developed new customers and optimized its customer structure, resulting in steady growth in product sales [1] - There is a continuous effort to optimize product structure, increasing the sales proportion of high value-added products, which has significantly enhanced the company's profitability [1] Group 3: Innovation and Cost Management - The company adheres to a philosophy of technological innovation, continuously optimizing production processes to improve quality and reduce costs, positively impacting net profit [1]

南财智讯1月26日电，中一科技发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 6000万元—8000万元，预计同比扭亏；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2500万元—3500万元，同比预增119.15%—126.81%。业绩变动原因说明：报告期内，得益于行业 景气度的回升，铜箔产品平均加工费价格有所上涨，公司把握市场机遇，积极开发新客户、优化客户结 构，产品销量实现稳步增长；同时，公司持续优化产品结构，提升高附加值产品销售占比，推动公司盈 利能力显著提高，实现扭亏为盈；此外，公司始终坚持技术创新理念，持续优化生产工艺，推进提质降 本等相关工作，对公司净利润产生积极影响。 ...