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诺德股份紧急澄清：固态电池铜箔业务收入占比不足1%，五连板行情存过热风险

2025-06-24 09:42:56 来源：北方有色网责任编辑：韩泽楷

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铜箔龙头企业诺德股份（600110.SH）今日发布股票交易风险提示公告，针对近期被市场归类为“固态电池概念股”作出澄清：

公司铜箔业务应用于固态电池领域的收入占总营业收入不足1%，尚未形成规模效应，且市场竞争激烈，未来存在较大不确定性。

核心事实与市场动态

技术进展与商业化瓶颈
- 2025年，公司推出适配半固态/固态电池技术的双面镀镍铜箔，目前自主研发材料已向头部电池企业小批量送样测试。
- 尽管技术储备较早（2018年布局多孔铜箔，2024年推出耐高温/耐腐蚀铜箔），但实际收入贡献微乎其微，未达产业化规模。
股价异常波动
- 6月17日至23日，诺德股份股价连续五日涨停，累计涨幅达46.72%，远超同期电力设备行业指数（-1.32%）。
- 6月23日单日成交额达25.56亿元，主力资金净流出1.42亿元，市场交易过热迹象显著。
业绩压力与风险叠加
- 连续亏损：2024年净亏损3.52亿元，2025年一季度净亏损收窄至3767万元，但仍未扭亏。
- 立案调查悬而未决：2024年9月，公司及董事长等高管因涉嫌信息披露违规遭证监会立案，结论仍未公布。

行业与战略透视

产能与客户布局：诺德股份在青海湖北等地设有生产基地，客户覆盖宁德时代比亚迪LG新能源等头部厂商，2025年与中创新航签订4.5万吨铜箔保供协议。
技术转型方向：极薄铜箔（3-4.5微米）成为发力重点，已批量用于无人机等高端场景，并布局AI服务器人形机器人用高频高速铜箔。

机构观点与投资者警示

多家机构指出，固态电池产业化进程仍处早期，材料技术路线尚未统一，铜箔企业需长期投入。
公司重申：“当前股价涨幅脱离行业基本面，存在非理性炒作风险”。

背景提示：诺德股份主业为锂电铜箔，2024年该业务营收占比88.49%。全球铜供应趋紧背景下，其极薄铜箔技术虽具潜力，但固态电池领域短期难成业绩支柱。

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