Market Performance - The non-metal materials sector increased by 2.99% on September 11, with Lianrui New Materials leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - Lianrui New Materials (688300) closed at 55.04, up 6.34% with a trading volume of 73,300 shares and a turnover of 393 million yuan [1] - Quartz Co. (603688) closed at 38.79, up 4.27% with a trading volume of 173,400 shares and a turnover of 663 million yuan [1] - Strength Diamond (301071) closed at 30.49, up 2.73% with a trading volume of 60,900 shares and a turnover of 184 million yuan [1] - Other notable stocks include Suotong Development (603612) at 27.77, up 2.43%, and Qilu Huaxin (830832) at 8.91, up 1.25% [1] Capital Flow - The non-metal materials sector saw a net inflow of 25.82 million yuan from institutional investors, while retail investors experienced a net outflow of 72.27 million yuan [2][3] - The main capital inflow was observed in Quartz Co. with a net inflow of 35.55 million yuan from institutional investors [3] - Lianrui New Materials experienced a net outflow of 19.01 million yuan from institutional investors [3]

Group 1 - Ningxin New Materials (839719) experienced a decline of 9.22% today, with a turnover rate of 24.08% and a trading volume of 335 million yuan, showing a fluctuation of 7.82% [1] - Institutional investors net bought 1.1313 million yuan, while the total net buying from brokerage seats amounted to 6.7803 million yuan [1] - The stock was listed on the daily trading list due to its turnover rate reaching 24.08%, with the top five brokerage seats contributing a total transaction volume of 75.2885 million yuan, including 41.6001 million yuan in buying and 33.6884 million yuan in selling, resulting in a net buying of 7.9116 million yuan [1] Group 2 - Over the past six months, the stock has appeared on the trading list 14 times, with an average price drop of 0.89% the day after being listed and an average decline of 5.39% over the following five days [1] - Specific trading details show that the top buying brokerage was Guojin Securities with a purchase amount of 8.2303 million yuan, while the top selling brokerage was also Guojin Securities with a selling amount of 8.4938 million yuan [1]

Core Viewpoint - The Chinese solid-state battery industry is transitioning from laboratory validation to industrialization, with several companies achieving mass production or vehicle application in semi-solid-state batteries, while research and pilot testing for all-solid-state batteries are accelerating [1][5]. Industry Overview - The solid-state battery concept has gained traction, with the Wind Solid-State Battery Index rising over 11% since September. Notable stock performances include a 60% increase for Xian Dao Intelligent and over 30% for companies like Shanghai Xiba and Tian Ci Materials [2]. - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued a plan to support foundational research in solid-state batteries through key national R&D programs [2]. - Market data indicates that leading equipment companies have reported new signed and backlog orders exceeding 30 billion yuan, with year-on-year growth rates of 70% to 80% [2][3]. Technological Developments - The lithium battery industry is entering a structural recovery phase, with a surge in demand for new technologies such as solid-state batteries and high-voltage lithium iron phosphate [3]. - Major battery manufacturers are investing heavily in solid-state battery production, with CATL planning 10-15 GWh capacity by 2025 and BYD focusing on sulfide routes for new platforms by 2026 [3][4]. Vehicle Manufacturers' Progress - Dongfeng Motor has implemented semi-solid-state battery installations and is set to mass-produce solid-state batteries with energy densities of 350 Wh/kg [4]. - SAIC Motor's MG4 model has integrated semi-solid-state batteries, while GAC Group is developing solid-state batteries with energy densities exceeding 350 Wh/kg, expected to be installed in vehicles by 2026 [4]. Market Challenges - Concerns have been raised regarding the lack of ideal solid electrolyte materials, leading to significant uncertainties in technology routes. Many companies are opting for semi-solid-state batteries as a transitional solution, which may hinder the development of all-solid-state battery technologies [5]. - The industry faces challenges in collaboration and policy direction, with a need for enhanced foundational research and coordinated breakthroughs in key materials and processes to achieve high-quality development in the solid-state battery sector [5].

Core Viewpoint - Ningxin New Materials (839719) experienced significant trading activity on September 10, 2025, with a turnover rate of 24.08% and a transaction volume of 17.62 million shares, amounting to 335 million yuan [1][2]. Trading Activity Summary - The stock's closing price was 18.62 yuan on the day of the trading surge [1]. - The top buyer was Guojin Securities Co., Ltd. Shenzhen Branch, purchasing shares worth approximately 8.23 million yuan [2]. - The top seller was also Guojin Securities Co., Ltd. Shenzhen Branch, selling shares worth approximately 8.49 million yuan [2]. - Other notable buyers included: - GF Securities Co., Ltd. Foshan Zhencheng Nanzhuang Branch with purchases of approximately 5.97 million yuan [2]. - Institutional investors with purchases of approximately 5.92 million yuan [2]. - Other notable sellers included: - Dongfang Caifu Securities Co., Ltd. Lhasa East Ring Road Second Securities Branch with sales of approximately 6.62 million yuan [2]. - Institutional investors with sales of approximately 4.79 million yuan [2].

Core Insights - The non-metal materials sector experienced a decline of 1.0% on September 10, with Ningxin New Materials leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Sector Performance - Key stocks in the non-metal materials sector showed mixed performance, with notable declines in several companies: - Ningxin New Materials fell by 9.22% to a closing price of 18.62 [2] - Other significant declines included: - Dongfang Carbon fell by 6.93% to 13.16 - Changjiang Materials fell by 3.45% to 24.60 - Tianma New Materials fell by 3.39% to 38.74 - Suotong Development fell by 2.13% to 27.11 [2] Capital Flow Analysis - The non-metal materials sector saw a net outflow of 88.68 million yuan from main funds, while retail investors contributed a net inflow of 88.43 million yuan [2][3] - Individual stock capital flows indicated: - Lianrui New Materials had a main fund net inflow of 8.65 million yuan but a retail net outflow of 12.85 million yuan [3] - Suotong Development experienced a significant main fund net outflow of 50.61 million yuan, with retail investors contributing a net inflow of 52.67 million yuan [3]

Core Viewpoint - Ningxin New Materials (839719) experienced a significant increase of 6.99% in stock price, with a turnover rate of 33.85% and a total transaction amount of 5.21 billion yuan, indicating high trading activity and interest in the stock [2] Trading Activity - The stock was listed on the龙虎榜 due to its turnover rate reaching 33.85%, with institutional investors net selling 3.98 million yuan [2] - The top five trading departments accounted for a total transaction amount of 1.10 billion yuan, with a net buying amount of 20.89 million yuan [2] - Specific trading details show that one institutional seat was involved, with a buying amount of 5.21 million yuan and a selling amount of 9.19 million yuan, resulting in a net sell of 3.98 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the龙虎榜 13 times, with an average price drop of 0.19% the day after being listed and an average decline of 2.64% over the following five days [2]

Core Viewpoint - Ningxin New Materials (839719) experienced significant trading activity on September 9, 2025, with a turnover rate of 33.85% and a transaction volume of 24.7761 million shares, amounting to 521 million yuan [1][2]. Group 1: Trading Activity - The stock reached a turnover rate of 33.85% on the trading day [1]. - The total transaction volume was 24.7761 million shares, with a total transaction value of 521 million yuan [1]. - The leading buyer was Huaxi Securities Co., Ltd. Beijing Guangqu Road Securities Business Department, purchasing 16.1304 million yuan worth of shares [2]. Group 2: Buyer and Seller Details - The top three buying entities included: - Huaxi Securities Co., Ltd. Beijing Guangqu Road Securities Business Department: 16.1304 million yuan [2]. - Guojin Securities Co., Ltd. Shenzhen Branch: 12.1193 million yuan [2]. - Dongfang Caifu Securities Co., Ltd. Lhasa East Ring Road Second Securities Business Department: 9.9375 million yuan [2]. - The leading seller was an institutional entity, selling shares worth 9.1923 million yuan [2].

方正证券承销保荐有限责任公司 关于江西宁新新材料股份有限公司的 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》 等有关法律法规、规范性文件等的规定，方正证券承销保荐有限责任公司（以下 简称"保荐机构"）作为江西宁新新材料股份有限公司（以下简称"公司"、"上 市公司"、"宁新新材"）的保荐机构，负责宁新新材的持续督导工作，并出具 2025 年半年度持续督导跟踪报告。 一、持续督导工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露 | 保荐机构及时审阅公司信息披露文件。 | | 审阅情况 | | | 2、督导公司建立 健全并有效执行 | 保荐机构督导公司建立健全规则制度，并有效执行规则制度。 | | 规则制度 | | | 3、募集资金使用 | 保荐机构查阅公司募集资金使用台账、募集资金专户银行对账单、了解 募投项目实施进度并实地查看募投项目进展情况、及时审阅募集资金信 | | 监督情况 | | | | 息披露相关文件等。 | | 4、督导公司规范 | 保荐机构通过日常沟通、访谈、查阅资料、现场核查及培训等方式，督 | | ...

Core Viewpoint - Ningxin New Materials (839719) experienced a 1.51% increase in stock price today, with a turnover rate of 36.59% and a transaction volume of 543 million yuan, indicating significant trading activity and interest from institutional investors [2] Trading Activity - The stock was listed on the Longhu list due to its turnover rate reaching 36.59%, with institutional investors net buying 2.69 million yuan [2] - The top five trading departments accounted for a total transaction volume of 100 million yuan, with a net buying amount of 6.30 million yuan after accounting for both buying and selling activities [2] - Among the trading departments, one institutional specialized seat was noted, with a buying amount of 12.46 million yuan and a selling amount of 9.77 million yuan, resulting in a net buy of 2.69 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the Longhu list 12 times, with an average price increase of 0.25% the day after being listed and an average decline of 3.34% over the following five days [2]

Group 1 - The core viewpoint of the article highlights the current state and future trends of the non-metallic mineral products industry in China, as reported by Zhiyan Consulting [1] - As of January to July 2025, the number of enterprises in the non-metallic mineral mining and selection industry is 4,002, which represents a decrease of 41 compared to the same period last year, reflecting a year-on-year decline of 1.01% [1] - The proportion of non-metallic mineral mining and selection enterprises in the total industrial enterprises is 0.77% [1] Group 2 - The report indicates that the threshold for large-scale industrial enterprises has been raised from an annual main business income of 5 million to 20 million yuan since 2011 [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1] - The consulting firm emphasizes its commitment to delivering quality services and market insights to empower investment decisions [1]