万顺新材4080万元转让深圳宇锵51%股权聚焦电池铝箔高端化发展

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

万顺新材4080万元转让深圳宇锵51%股权聚焦电池铝箔高端化发展

2025-12-01 17:33:14 来源：北方有色网责任编辑：王欣悦

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2025年11月下旬，万顺新材发布重磅股权转让公告，其全资子公司江苏中基拟以4080万元对价，将持有的深圳宇锵51%股权转让给广西铝基产业投资基金合伙企业（以下简称“广西铝基基金”）及自然人李科。交易完成后，江苏中将彻底退出深圳宇锵股权结构，而万顺新材则通过这一精准资本运作，进一步聚焦电池铝箔主业的高端化升级路径。

交易核心要素：聚焦涂炭铝箔资产的战略剥离

此次交易的标的主体深圳宇锵，核心业务为涂炭铝箔的研发与生产。作为钠离子电池与高端锂电池的关键配套材料，涂炭铝箔通过在铝箔表面涂覆导电碳层，可显著优化电池低温性能、快充能力与循环寿命，宁德时代等头部电池企业的新一代产品中已显现其应用潜力。尽管该业务具备技术价值，但万顺新材仍选择出让控股权，核心逻辑在于契合公司2025年明确的战略重心——集中资源推进电池铝箔工艺升级与高附加值产品研发。

从交易对手方来看，广西铝基基金的参与为此次转让增添了产业协同属性。据公开信息显示，该基金是广西省级重点铝产业专项基金，总规模达40亿元，由南宁产投集团牵头设立，专注于铝精深加工、高端铝新材料等领域投资。其背后的广西铝产业集群2024年铝材产量达430.4万吨，占全国6.3%，产业根基深厚，这意味着深圳宇锵未来将获得更贴近铝产业核心区的资源支持。

行业背景：电池铝箔市场的结构性机遇与挑战

万顺新材的战略调整，与2025年电池铝箔行业的复杂格局高度相关。当前市场呈现“高端紧缺、低端过剩”的鲜明特征：一方面，新能源汽车与储能产业的爆发带动高性能电池箔需求持续增长，成为铝箔行业核心增长点；另一方面，传统铝箔产品受海外需求萎缩影响，价格承压明显，11月末12μm锂电铝箔均价已较前一日下跌20元/吨，反映出市场调整压力。

在此背景下，头部企业纷纷转向高端化突围。万顺新材自身已构建起完善的铝加工产能布局，其安徽中基基地规划电池铝箔产能17.2万吨，其中7.2万吨已投产，在建的10万吨项目预计2025年底完工，投产后将形成25.5万吨铝箔总产能。公司明确提出要扩大高附加值电池铝箔市场份额，而涂炭铝箔业务虽有前景，但需专业资源支撑，此次转让正是对“有所为有所不为”战略的践行。

战略价值：优化资源配置强化主业竞争力

此次4080万元的股权转让，对万顺新材而言绝非简单的资产处置，而是一次精准的资源重构。从短期来看，交易可快速回笼资金，优化资产负债结构，提升运营效率；从长期来看，将分散于涂炭铝箔的技术、管理资源集中到电池铝箔主业，与公司服务比亚迪、宁德时代等头部客户的战略相契合——万顺新材已向宁德时代供应锂电铝箔产品，其涂炭铝箔更具备支持10C快充的技术能力，与头部企业需求高度匹配。

行业分析指出，2025年是电池铝箔技术迭代的关键年，8μm超薄箔等新型产品将重塑行业价值体系。万顺新材剥离深圳宇锵股权后，可集中研发力量攻克这些高端技术，同时借助“铝板带-铝箔”一体化产业链优势，通过精益生产降低成本，应对当前铝箔加工费下行的行业挑战。这种聚焦战略，既符合广西铝基基金推动铝产业高端化的诉求，也为万顺新材在新能源铝箔赛道的竞争筑牢根基。

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万顺新材4080万元转让深圳宇锵51%股权 聚焦电池铝箔高端化发展

交易核心要素：聚焦涂炭铝箔资产的战略剥离

行业背景：电池铝箔市场的结构性机遇与挑战

战略价值：优化资源配置 强化主业竞争力

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万顺新材4080万元转让深圳宇锵51%股权聚焦电池铝箔高端化发展

战略价值：优化资源配置强化主业竞争力