Core Viewpoint - The article discusses the launch of Beiterui's new solid-state battery material solutions, highlighting advancements in both semi-solid and all-solid battery technologies, which aim to enhance performance and safety in battery applications [1][2]. Group 1: Semi-Solid Battery Solutions - Beiterui introduced the "Beian FLEX series" semi-solid battery system, featuring high nickel cathode materials that reduce resistance by 6% compared to equivalent nickel content ternary materials [1]. - The silicon-based anode materials achieve a capacity of 2,300 mAh/g, indicating significant energy storage potential [1]. - The electrolyte combines polymer and oxide solutions, resulting in a 10% reduction in internal resistance at -10°C compared to liquid batteries, and an 80% improvement in puncture safety [1]. Group 2: All-Solid Battery Solutions - The "Beian GUARD series" all-solid battery system includes ultra-high nickel and lithium-rich manganese cathode materials to meet high energy density demands [2]. - The developed sulfide electrolyte materials exhibit an ionic conductivity exceeding 10 mS/cm, with particle size controlled below 500 nm for the electrode layer [2]. - Beiterui has also created the industry's first high-performance three-dimensional skeletal structure material compatible with all-solid battery lithium-carbon composite anodes, offering low volume expansion, long cycle life, and high output power density [2].

Core Viewpoint - The article highlights the launch of Beiterui's solid-state battery material solutions, marking a significant step in the next-generation battery technology field, focusing on high energy density and safety requirements in emerging sectors like electric vehicles and humanoid robots [1][3]. Group 1: Material Innovations - Beiterui has developed a comprehensive material layout for solid-state batteries, including high-nickel cathodes, silicon-based anodes, solid electrolytes, and lithium-carbon composite anodes, aimed at commercializing solid-state battery technology [1][2]. - The Beian FLEX series features high-nickel cathode materials that reduce resistance by 6% compared to equivalent nickel-content ternary materials, while the silicon-based anode achieves a capacity of 2300 mAh/g, enhancing both capacity and safety [2]. - The electrolyte combines polymer and oxide electrolytes, improving performance at low temperatures and enhancing safety by 80% in puncture tests [2]. Group 2: Strategic Positioning - Beiterui is transitioning from a single battery material supplier to a comprehensive battery material solution provider, focusing on innovation to promote the adoption of next-generation batteries, including lithium-ion, solid-state, and sodium-ion batteries [3][4]. - The company aims to become a key player in the solid-state battery industry by building a full-chain technical capability covering cathodes, anodes, and electrolytes, thus creating technological barriers in critical material areas [4]. Group 3: Market Outlook - Industry forecasts predict that global solid-state battery demand will reach 500 GWh by 2035, with a compound annual growth rate of 30%, presenting a significant market opportunity [4]. - Major clients such as CATL, BYD, and Panasonic are accelerating their solid-state battery strategies, and Beiterui's integrated production capabilities in cathodes, anodes, and electrolytes position it favorably in the market [4].

Group 1 - The company has confirmed that its CVD anode materials are ready for mass production, with existing customers already utilizing them. The variety of silicon-based products is tailored to customer application needs and cost considerations [2] - Despite the attention on domestic CVD anode materials, overall demand remains low due to high costs and unresolved issues [2] - The company is focused on biomass anode materials, which are low-cost and have low carbon emissions, aligning with future development trends. Current performance is satisfactory, but there may be niche demands requiring specialized designs where polymer materials have advantages [2] Group 2 - In the solid-state battery sector, the company has stated that its solid-state battery materials are ready for mass production, suitable for both digital and power battery needs. The actual production pace will depend on the validation cycles of downstream cell manufacturers and end vehicle companies [2] - The semi-solid battery system is expected to achieve large-scale application first, while the industry-wide mass production of all-solid-state batteries is generally projected for 2027. The company emphasizes its early layout and deep technical accumulation in core materials like sulfide solid electrolytes [2] - The third-generation deposited silicon-carbon products have entered mass production, with costs comparable to industry standards. The company's specialized graphite shows better compatibility with silicon, significantly enhancing performance while keeping costs manageable [3] Group 3 - The company plans to focus on new energy materials as its core, promoting positive electrode materials in the ternary field and expanding into overseas markets. It aims to transition into a battery materials system solution provider [3] - Both positive and negative electrode businesses are developing simultaneously, with plans to incorporate new materials like electrolytes and enhance ESG competitiveness through a closed-loop recycling system [3] - Although current anode prices are affected by industry overcapacity and technological iterations, the company remains optimistic about profit margins in overseas markets and the application of fast-charging technologies [3]

Group 1: Investor Relations Activity Overview - The investor relations activity took place on May 13, 2025, at the company's technology park in Shenzhen, Guangdong Province, with a total of 46 investors attending [3][4]. - Key attendees included representatives from various investment firms such as Bosera Fund, Shenwan Hongyuan, and CITIC Securities [3]. Group 2: New Product Launch - The company launched the "Beian FLEX" semi-solid and "GUARD" all-solid-state battery materials, providing solutions for next-generation battery technology with a focus on "high energy + high safety" [5]. - The high-nickel positive electrode material in the Beian FLEX series reduces resistance by 6% compared to equivalent nickel content ternary materials, while the silicon-based negative electrode can achieve a capacity of 2,300 mAh/g [5]. Group 3: Production and Market Insights - The company has the production technology for solid-state battery materials, with 2024 expected to be a representative year for semi-solid battery product shipments, while 2027 is anticipated for large-scale production of all-solid-state batteries [6]. - The company is strategically positioned in the solid-state battery materials market, leveraging its extensive R&D background and engineering capabilities [7][8]. Group 4: Cost and Production Challenges - The third-generation silicon-based materials are currently in mass production, with costs comparable to industry standards [9]. - The company faces challenges in scaling up the production of sulfide materials, which still have high production costs despite recent reductions [12]. Group 5: Future Growth and Strategic Planning - The company aims to transition from a material supplier to a provider of comprehensive battery material solutions, focusing on new technologies and products to enhance value for customers [15]. - The strategic focus on high-nickel materials and overseas market expansion is expected to drive growth, with a significant emphasis on developing a closed-loop recycling system for materials [16]. Group 6: Market Dynamics and Competitive Landscape - The company acknowledges the downward pressure on prices due to market oversupply and the need for technological breakthroughs to reduce costs [18]. - The competitive landscape in the negative electrode market is evolving, with the company emphasizing the importance of balancing cost and performance in new product developments [19].

Group 1 - The three major indices experienced fluctuations and increased, with the photovoltaic equipment sector leading the gains, particularly in silicon energy and solid-state battery concepts, as the China Securities New Energy Index rose by 1.27% [1] - The New Energy ETF (159875) increased by 1.15%, with constituent stocks such as Daqo New Energy rising over 16%, and Dongfang Risheng increasing over 15%, while Tongwei Co., Ltd. and GCL-Poly Energy Holdings Ltd. hit the daily limit [1] - The New Energy ETF closely tracks the China Securities New Energy Index, which selects listed companies involved in renewable energy production, application, storage, and interaction devices to reflect the overall performance of the new energy industry [1] Group 2 - Dongguan Securities emphasized that improving photoelectric conversion efficiency and reducing production costs are core to the photovoltaic industry's development, necessitating continuous new product launches in the photovoltaic equipment sector to meet technological advancements [2] - Industrialization of solid-state batteries is accelerating, with 2025 identified as a critical turning point, as companies across the supply chain are rapidly establishing production lines in preparation for mass production of solid-state battery models [2]

Group 1 - Solid-state battery technology is gaining momentum, with multiple companies in the battery supply chain set to announce advancements this week, including Guoxuan High-Tech, BTR, and Enjie [1] - The solid-state battery concept index rose by 2.38% to 1646.23 on May 12, with notable stock performances from companies like Longpan Technology and Wanxiang Qianchao [1] - BTR is scheduled to hold a launch event on May 13, where it is expected to unveil new products related to solid-state batteries, which may also be applicable in humanoid robots and aircraft [1] Group 2 - Guoxuan High-Tech will host the 2025 Global Technology Conference this week, focusing on solid-state batteries, and plans to release a new high-safety solid-state battery with an energy density of 300Wh/kg on May 17 [2] - The 17th Shenzhen International Battery Technology Exchange and Exhibition will take place from May 15 to 17, featuring over 3,000 exhibitors, including major players like CATL and BYD [2] Group 3 - Enjie will showcase its breakthroughs in solid-state product technology at the upcoming exhibition, with a focus on sulfide solid-state battery materials [3] - Enjie has established production lines for lithium sulfide and solid-state electrolytes, with plans for larger-scale production [3] Group 4 - The new national standard for electric vehicle battery safety, effective July 1, 2026, is expected to drive demand for safer solid-state batteries, marking a shift towards a "zero tolerance" approach to battery safety [4][5] - Major automotive brands are planning to mass-produce solid-state batteries by 2027, with companies like BYD and GAC setting timelines for implementation [5]

Group 1 - The battery ETF fund recorded a trading volume of 2.18 million yuan during the day, with an average daily trading volume of 8.43 million yuan over the past year [3] - The fund's scale increased by 10.34 million yuan in the past six months, indicating significant growth [3] - The fund's share increased by 19.5 million units in the past month, ranking first among comparable funds [3] - The index tracked by the fund, the CSI Battery Theme Index, is currently at a historical low valuation with a price-to-book ratio (PB) of 2.97, which is lower than 83.97% of the time over the past five years, highlighting its attractive valuation [3] Group 2 - According to Industrial Securities, 2025 is expected to be a critical turning point for the industrialization of solid-state batteries, with companies across the supply chain accelerating the construction of production lines in preparation for mass production of solid-state battery vehicles [4] - The industrialization of solid-state batteries is anticipated to accelerate in the next 2-3 years, with a focus on sulfide electrolytes as the main electrolyte, paired with high-nickel ternary cathodes and silicon-carbon anodes [4] - Investors without stock accounts can access battery industry investment opportunities through the battery ETF linked fund (016567) [4]

FANGDA PARTNERS http://www.fangdalaw.com 中国深圳市福田区中心四路 1 号 电子邮件 E-mail: email@fangdalaw.com 嘉里建设广场 T1 座 9 楼 电 话 Tel.: 86-755-8159-3999 邮政编码：518048 传 真 Fax: 86-755-8159-3900 9/F, Tower One, Kerry Plaza 1 Zhong Xin Si Road Futian District Shenzhen 518048, China 上海市方达（深圳）律师事务所 关于贝特瑞新材料集团股份有限公司 2024 年年度股东会的 法律意见书 致：贝特瑞新材料集团股份有限公司 上海市方达（深圳）律师事务所（以下简称"本所"）是具有中华人民共和国 境内法律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席贝 特瑞新材料集团股份有限公司（以下简称"公司"）2024 年年度股东会（以下简 称"本次股东会"），并就本次股东会的召集和召开程序、参与表决和召集会议人 员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《 ...

证券代码：835185 证券简称：贝特瑞 公告编号：2025-035 贝特瑞新材料集团股份有限公司 2024 年年度股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 5 月 8 日 2.会议召开地点：广东省深圳市光明区凤凰街道光源四路贝特瑞新能源科技 大厦会议室 3.会议召开方式：现场投票和网络投票相结合 4.会议召集人：董事会 5.会议主持人：董事长贺雪琴 6.召开情况合法、合规、合章程性说明： 本次股东会的召集、召开、议案审议程序等方面符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 19 人，持有表决权的股份总数 770,817,926 股，占公司有表决权股份总数的 68.9425%。 其中通过网络投票参与本次股东会的股东共 8 人，持有表决权的股份总数 4,865,510 股，占公司有表决权股份总数的 0.4352%。通过现场投票参与 ...

Core Points - The North Exchange saw 265 listed companies report a total revenue of approximately 180.84 billion yuan in the previous year, with an average revenue of 6.82 million yuan per company [2][3] - Over 80% of the companies reported profits, with more than 100 companies achieving both revenue and profit growth [2][3] - The top three companies by revenue were Better Ray (142.37 billion yuan), Yinuowei (68.57 billion yuan), and Tongli Co. (61.45 billion yuan) [4][6] Revenue and Profit Analysis - Better Ray was the only company with revenue exceeding 10 billion yuan, but it experienced a decline in both revenue (down 43.32%) and net profit (down 43.76%) [4][6] - A total of 31 companies reported revenues exceeding 10 billion yuan, with 29 companies achieving net profits over 100 million yuan [4][6] - Companies such as Yinuowei and Tongli Co. reported revenue growth of 8.92% and 4.85%, respectively, while some companies faced declines [4][6] Dividend and Shareholder Returns - Over 90% of profitable companies announced dividend plans, with total dividends amounting to 5.968 billion yuan, representing 43% of net profits [2][10] - Several companies proposed significant dividend payouts, with Better Ray planning to distribute over 400 million yuan [11][12] - Companies also introduced share bonus plans, with some proposing high ratios of share distribution alongside cash dividends [12][13] R&D Investment - The total R&D investment by North Exchange companies exceeded 9.1 billion yuan, with over 60% of companies increasing their R&D spending [9]