Core Viewpoint - The solid-state battery concept stocks in the A-share market have collectively strengthened, driven by a surge in orders for solid-state battery production equipment, indicating a growing interest and investment in this technology [1][2]. Group 1: Market Performance - Lijia Technology saw a significant increase of 22.73%, with a total market capitalization of 2.617 billion [2]. - Zhongwei Co. rose by 11.89%, reaching a market cap of 40.7 billion [2]. - Hangke Technology and Ningxin New Materials both increased by over 10%, with market caps of 19.5 billion and 1.901 billion respectively [2]. - Other notable performers include Liwang Co. (up 9.79%), Wuhan Land Electric (up 8.83%), and Haibo Science and Technology (up 8.31%) [2]. Group 2: Industry Insights - Recent statistics indicate that the total new orders and backlog for leading equipment manufacturers in the solid-state battery sector have exceeded 30 billion, with a year-on-year growth rate of 70% to 80% [1]. - According to research from Caitong Securities, breakthroughs in solid-state battery technology are expected to accelerate, with several automotive companies planning to adopt full solid-state batteries around 2027, indicating a faster industrialization process [1]. - The ongoing establishment of pilot production lines and the restart of lithium battery expansion cycles are anticipated to improve the fundamentals of equipment manufacturers, suggesting a positive outlook for the industry [1].

（文章来源：证券日报） 证券日报网讯 9月1日晚间，长虹能源发布公告称，公司第三届董事会第四十二次会议审议通过了《关 于泰国投资建厂项目投资方案调整的议案》。 ...

证券代码：836239 证券简称：长虹能源 公告编号：2025-054 四川长虹新能源科技股份有限公司 人民币。 （二）是否构成重大资产重组 本次交易不构成重大资产重组。 根据《上市公司重大资产重组管理办法》相关规定，公司本次对外投资事项 不构成重大资产重组。 对外投资的进展公告 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、对外投资概述 （一）基本情况 四川长虹新能源科技股份有限公司（以下简称"公司"或"长虹能源"）于 2024 年 3 月 5 日召开第三届董事会第二十四次会议，审议通过《关于在泰国投 资建厂的议案》，同意在泰国进行高性能环保碱性电池项目建设投资，项目总投 资 24,600 万元，实现年产能约 7 亿只碱性电池制造能力。项目实施主体为拟成 立的长虹新能源（泰国）有限公司（以下简称"泰国孙公司"）。实施路径为：公 司与控股子公司浙江长虹飞狮电器工业有限公司（以下简称"长虹飞狮"）其余 2 名股东对长虹飞狮实施同比例增资，增资总额 15,000 万元，其中公司增资 10,525.50 ...

证券代码：836239 证券简称：长虹能源 公告编号：2025-053 四川长虹新能源科技股份有限公司 第三届董事会第四十二次会议决议公告 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 8 月 29 日 2.会议召开地点：公司会议室 5.会议主持人：董事长邵敏先生 6.会议列席人员：监事、高级管理人员 3.会议召开方式：通讯方式 4.发出董事会会议通知的时间和方式：2025 年 8 月 27 日以电子邮件方式发 出 7.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、议案审议程序等符合有关法律、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 会议应出席董事 9 人，出席和授权出席董事 9 人。 具体内容详见公司同日在北京证券交易所官方信息披露平台（www.bse.cn） 上披露的《对外投资的进展公告》（公告编号：2025-054）。 2.议案表决结果：同意 9 票；反对 0 票；弃权 0 ...

Group 1 - The overall performance of companies listed on the Beijing Stock Exchange (BSE) shows a significant recovery trend in 2025H1, with total revenue reaching 92.04 billion yuan, a year-on-year increase of 5.98%, and net profit attributable to shareholders of 6.608 billion yuan, up 11.45% year-on-year [10][12][17] - The gross profit margin for BSE companies in 2025H1 is 22.68%, a decrease of 0.98 percentage points, while the net profit margin is 7.18%, an increase of 0.35 percentage points [12][19] - Compared to the ChiNext and STAR Market, the recovery trend in revenue and net profit growth for BSE is stronger, with revenue growth rates of 11.20 percentage points, 4.43 percentage points, and 2.10 percentage points respectively, and net profit growth rates of 33.66 percentage points, 12.94 percentage points, and 10.45 percentage points respectively [17][18] Group 2 - In terms of industry performance, all five major sectors in BSE achieved year-on-year revenue growth in 2025H1, with the following growth rates: high-end equipment (3.88%), information technology (3.72%), chemical new materials (7.39%), consumer services (7.88%), and pharmaceutical biology (8.29%) [18][19] - The net profit growth rates for the information technology and chemical new materials sectors narrowed, with increases of 6.05 percentage points and 42.26 percentage points respectively [18] - The average revenue and net profit for the top 15 companies by revenue and net profit in BSE were 1.583 billion yuan and 101 million yuan, reflecting year-on-year growth of 10.44% and 12.80% respectively [23][24] Group 3 - The BSE 50 Index closed at 1,574.25 points with a TTM PE ratio of 76.91X, indicating a stable valuation center [34][36] - The average daily trading volume for BSE A-shares was 33.361 billion yuan, a decrease of 21.69% from the previous week, with a daily turnover rate of 6.83%, down 1.69 percentage points [33][35] - The report highlights the importance of focusing on technology growth, self-sufficiency, and specialized small giant companies in the BSE, while cautioning against high valuation non-tech companies that may face volatility risks [3][31]

Core Viewpoint - The companies listed on the Beijing Stock Exchange (BSE) demonstrated strong resilience and vitality in their 2025 semi-annual reports, with a significant number achieving substantial revenue and profit growth despite a complex market environment [1][2]. Revenue Performance - A total of 208 companies reported revenues exceeding 100 million yuan, with 17 companies surpassing 1 billion yuan, marking them as the "revenue leaders" of the BSE [2]. - Among these, Better Ray (贝特瑞) led with a revenue of 7.838 billion yuan, a year-on-year increase of 11.36%, and a net profit of 479 million yuan [2]. - Other notable companies in terms of revenue include Yinuowei (一诺威) at 3.550 billion yuan, Tongli Co. (同力股份) at 3.169 billion yuan, and Ying Tai Bio (颖泰生物) at 2.966 billion yuan [2]. Profitability - Out of 223 companies, 82.29% reported positive net profits, indicating a robust profitability landscape [3]. - Seven companies achieved net profits exceeding 100 million yuan, with Better Ray again leading at approximately 479 million yuan, followed by Development Technology (开发科技) at 395 million yuan [3]. - Jinbo Bio (锦波生物) reported a revenue of 859 million yuan, a 42.43% increase year-on-year, and a net profit of 392 million yuan, reflecting a 26.65% growth [3]. Profit Growth - Approximately 50% of companies, or 136 in total, reported year-on-year growth in net profits, with 27 companies doubling their profits [4]. - Shibibai (拾比佰) turned a profit with a net profit of 29.226 million yuan, attributed to increased sales driven by government policies and improved internal management [4]. - Chuangyuan Xinke (创远信科) achieved a revenue of 111 million yuan, a growth of 18.44%, and a net profit of 6.3153 million yuan, marking a significant increase of 354.24% [4]. Dividend Distribution - Over 20 companies announced interim dividend plans, reflecting a commitment to returning value to investors [6]. - Jinbo Bio plans to distribute a cash dividend of 10 yuan per 10 shares, totaling approximately 115 million yuan [6]. - Guoxin Technology (广信科技) proposed its first dividend since listing, with a plan to distribute 6.56 yuan per 10 shares, amounting to around 60 million yuan [6].

Core Insights - Changhong Energy reported a revenue of 2.018 billion yuan for the first half of 2025, marking a year-on-year increase of 23.91% [2] - The company achieved a net profit attributable to shareholders of 111 million yuan, reflecting a growth of 28.79% compared to the previous year [2] - The net cash flow from operating activities reached 250 million yuan, up by 16.26% year-on-year [2] Company Overview - Changhong Energy is a national high-tech enterprise engaged in the research, manufacturing, and sales of a full range of alkaline batteries, cylindrical high-rate lithium batteries, and polymer lithium-ion batteries [2] - The company has made strategic acquisitions, including Changhong Sanjie in Jiangsu and Changhong Polymer Source in Shenzhen, establishing a three-in-one business structure encompassing alkaline batteries, high-rate lithium batteries, and polymer lithium batteries [2] Industry Context - The battery industry is undergoing significant transformation and development driven by global energy changes and technological advancements [2] - In the first half of the year, Changhong Energy's three major business segments showed positive trends, with the alkaline battery sector benefiting from strong brand reputation and market credibility [3] - The lithium battery segment experienced substantial growth in sales revenue and profit, particularly in high-rate lithium batteries, which are gaining market share in traditional applications such as power tools and garden tools [3] Strategic Positioning - The company's three business segments work synergistically, effectively diversifying market risks and leveraging advantages in different technological fields and market channels [3] - Changhong Energy is transitioning from a traditional battery manufacturer to a technology innovation-driven enterprise, showcasing significant results from this transformation [3] - The company is actively embracing change in the era of smart manufacturing, accelerating digital transformation across its business segments and continuously increasing production capacity [3]

Market Performance - The solid-state battery sector in the A-share market experienced a significant surge, with companies like XianDao Intelligent, Hangke Technology, and JieBang Technology hitting the 20% daily limit increase [1] - Other notable performers included HaiBo SiChuang nearing the limit, BeiTeRui rising by 17%, and NingDe Times increasing by over 11% [1] Company Financials - XianDao Intelligent reported a revenue of 6.61 billion yuan for the first half of 2025, marking a year-on-year growth of 14.92%, with a net profit of 740 million yuan, up 61.19% [1] - The operating cash flow for XianDao Intelligent reached 2.353 billion yuan, a substantial increase of 231.33% compared to the same period last year [1] - The lithium battery intelligent equipment segment generated 4.545 billion yuan in revenue, reflecting a year-on-year growth of 16.40% [1] Business Segments - Non-lithium business, particularly in photovoltaic intelligent equipment, achieved a revenue of 531 million yuan, up 32.04%, with its revenue share increasing to 8.04% [1] - XianDao Intelligent's overseas business continued to grow, with revenue reaching 1.154 billion yuan, a year-on-year increase of 5.42%, and a gross margin improvement to 40.27% [1] Stock Performance - XianDao Intelligent's stock rose by 20.01%, with a total market capitalization of 55.6 billion yuan and a year-to-date increase of 77.80% [2] - Other companies in the sector also saw significant stock price increases, with Hangke Technology and JieBang Technology both rising by 20% [2]

证券代码：836239 证券简称：长虹能源 公告编号：2025-052 四川长虹新能源科技股份有限公司 关于对四川长虹集团财务有限公司的风险持续评估报告 一、长虹财务公司基本情况 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。 根据《企业集团财务公司管理办法》等相关规定和要求，四川长虹新能源 科技股份有限公司（以下简称"公司"、"本公司"）通过查验四川长虹集团财务 有限公司（以下简称"长虹财务公司"）的《金融许可证》《企业法人营业执照》 等证件资料，取得并审阅长虹财务公司包括资产负债表、利润表、现金流量表 等在内的定期财务报表（未经审计），对其经营资质、业务和风险状况进行了评 估，现将有关风险评估情况报告如下： 长虹财务公司是经国家金融监督管理总局批准成立的非银行金融机构，法 定代表人：张晓龙，注册地址：绵阳高新区绵兴东路 35 号长虹商贸中心 2 层东 侧，统一社会信用代码：91510700076120682K。 长虹财务公司于 2013 年 8 月 23 日注册成立，注册资本金为 10 亿元人民币， ...

证券代码：836239 证券简称：长虹能源 公告编号：2025-049 四川长虹新能源科技股份有限公司 第三届监事会第二十七次会议决议公告 本公司及监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。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 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 8 月 28 日 2.会议召开地点：公司会议室 3.会议召开方式：通讯方式 4.发出监事会会议通知的时间和方式：2025 年 8 月 19 日以电子邮件方式发 出 5.会议主持人：监事会主席汤宇峰先生 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、议案审议程序等符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 二、议案审议情况 （一）审议通过《2025 年半年度报告及摘要》 1.议案内容： 根据《北京证券交易所股票上市规则》等有关要求，公司监事会对《2025 年半年度报告及摘要》进行了审核，并发表审核意见如下： （1）公司《2025 年 ...