格隆汇2月2日丨瑞浦兰钧(00666.HK)发布公告，预期公司截至2025年12月31日止年度将录得净利润介乎 约人民币6.30亿元至约人民币7.30亿元，而于截至2024年12月31日止年度净亏损约人民币13.53亿元，实 现扭亏为盈。这主要是以下因素的综合影响：(i)动力及储能电池产品出货量持续增加，带动收入持续增 长；及(ii)产能利用率提升与降本增效措施带动毛利显著提升。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 REPT BATTERO Energy Co., Ltd. 本公告乃由瑞浦蘭鈞能源股份有限公司（「本公司」，連同其附屬公司合稱為「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a) 條及內幕消息條文（定義見上市規則，即指香港法例第571章《證券及期貨條例》 第XIVA部）而作出。 正面盈利預告 本公司董事會（「董事會」）謹此知會，根據本集團未經審核綜合管理賬目及管 理層目前所得資料之初步評估，預期本公司截至二零二五年十二月三十一日 止年度（「本報告期」）將錄得淨利潤介乎約人民幣630百萬元至約人民幣730百萬 元，而於截至二零二四年十二月三十一日止年度淨虧損約人民幣1,353百萬元， 實現扭虧為盈。這主要是以下因素的綜合影響： (i) 動力及儲能電池產品出貨量持續增加，帶動收入持續增長；及 (ii) 產能利用率提升與降本增效措施帶動毛利顯著提升。 – 1 – 風險 ...

Core Viewpoint - The restructuring of the global semiconductor supply chain is accelerating, with domestic material companies pursuing mergers and acquisitions to achieve technological complementarity, customer sharing, and scale expansion, which has become an important path to enhance competitiveness [1]. Group 1: Company Announcements - Jiangfeng Electronics and Kaide Quartz announced a suspension of trading starting January 30 due to a planned acquisition [1][4]. - Jiangfeng Electronics intends to acquire control of Kaide Quartz through a cash transaction, which will make Kaide Quartz a subsidiary of Jiangfeng Electronics [3][7]. - The acquisition is expected to deepen the integration within the semiconductor materials and components sector [7]. Group 2: Company Profiles - Jiangfeng Electronics is a leading global supplier of sputtering targets, primarily used in the physical vapor deposition (PVD) process for semiconductor chip manufacturing [7]. - Kaide Quartz is a significant domestic supplier of quartz products, focusing on the research, production, and sales of quartz glass products used in the semiconductor and photovoltaic sectors [7][10]. - Kaide Quartz has established a business layout involving three subsidiaries, focusing on high-end quartz products and large-diameter quartz glass tubes [7]. Group 3: Financial and Market Context - Jiangfeng Electronics has shown significant growth in recent years, with plans to raise up to 1.948 billion yuan for projects including the production of electrostatic suction cups and a high-purity metal sputtering target production base in South Korea [8]. - Kaide Quartz, listed on the Beijing Stock Exchange in March 2022, is undergoing a transition towards high-end product structures, facing some pressure on profitability [10].

于2026年1月28日(交易时段后)，公司与目标公司、目标公司的核心团队股东及目标公司的其他股东订 立股东协议，藉以订明各方与目标公司有关的权利及责任。 公告称，目标公司所提供的第四代高压实磷酸铁锂与市场上第三代高压实磷酸铁锂成本持平且性能更 优，该产品已于公司商用车产品中体现较高的成本和质量优势，且在供应期间始终保持紧密协作。随着 公司于商用车领域市场扩张战略的持续推进，供应链的稳定保障愈显关键。公司通过股权投资与其绑 定，不仅加强了对上游的控制力，亦为下游客户与市场注入信心。目前，高压实磷酸铁锂面临产能紧缺 局面，公司此举亦属行业常态的战略应对。 目标公司不仅拥有行业领先的镍铁制备磷酸铁锂正极材料全套技术，更能与公司控股股东青山集团全球 领先的镍铁行业进行产业协同，实现资源保障和高效利用，长期而言具备进一步降低成本的潜力。目标 公司开发了"一步联合烧结法"减少了烧结次数，降低了碳排放;少量用硷，废水大幅减少，环境更加友 好。目标公司第四代高压实磷酸铁锂正极材料已量产一年，截至2025年11月，已量产15000吨。第五代 高压实磷酸铁锂正极材料产品已在用户测试中。 在储能或动力产品中，高能量密度与高动力学的 ...

公告称，目标公司所提供的第四代高压实磷酸铁锂与市场上第三代高压实磷酸铁锂成本持平且性能更 优，该产品已于公司商用车产品中体现较高的成本和质量优势，且在供应期间始终保持紧密协作。随着 公司于商用车领域市场扩张战略的持续推进，供应链的稳定保障愈显关键。公司通过股权投资与其绑 定，不仅加强了对上游的控制力，亦为下游客户与市场注入信心。目前，高压实磷酸铁锂面临产能紧缺 局面，公司此举亦属行业常态的战略应对。 目标公司不仅拥有行业领先的镍铁制备磷酸铁锂正极材料全套技术，更能与公司控股股东青山集团全球 领先的镍铁行业进行产业协同，实现资源保障和高效利用，长期而言具备进一步降低成本的潜力。目标 公司开发了"一步联合烧结法"减少了烧结次数，降低了碳排放;少量用硷，废水大幅减少，环境更加友 好。目标公司第四代高压实磷酸铁锂正极材料已量产一年，截至2025年11月，已量产15000吨。第五代 高压实磷酸铁锂正极材料产品已在用户测试中。 在储能或动力产品中，高能量密度与高动力学的磷酸铁锂均为核心材料。公司产品开发也需与具备持续 技术开发能力的企业紧密合作，以维持技术领先并确保保密性，股权合作为保护研发领先优势及促进深 度协同的有效 ...

格隆汇1月28日丨瑞浦兰钧(00666.HK)宣布，于2026年1月28日，公司与目标公司、卖方嘉兴松禾雪湖新 能源产业创业投资合夥企业、目标公司福安国隆纳米材料有限公司的创始人、目标公司的员工持股平台 及目标公司的其他股东订立投资协议。根据投资协议，公司同意(i)以代价人民币1,000万元向卖方购买 其持有的全部目标公司股权(对应目标公司注册资本人民币277.7778万元)及(ii)以代价人民币4,000万元认 购目标公司注册资本人民币1,111.1111万元。于收购目标公司股权及向目标公司增资完成后，公司将持 有目标公司合共10.8696%股权，目标公司不会成为公司的附属公司，其财务报表将不会综合并入集团 财务报表。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 REPT BATTERO Energy Co., Ltd. 瑞 浦 蘭 鈞 能 源 股 份 有 限 公 司 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：0666） 關連交易 收購目標公司股權及向目標公司增資 投資協議 董事會欣然宣佈，於2026年1月28日（交易時段後），本公司與目標公司、賣 方、目標公司的創始人、目標公司的員工持股平台及目標公司的其他股東訂 立投資協議。根據投資協議，本公司同意(i)以代價人民幣1,000萬元向賣方購 買其持有的全部目標公司股權（對應目標公司註冊資本人民幣277.7778萬元） 及(ii)以代價人民幣4,000萬元認購目標公司註冊資本人民幣1,111.1111萬元。 於收購目標公司股權及向目標公司增資完成後，本公司將持有目標公司合共 10.8696%股權，目標公司不會成為本公司的附屬公司，其財務報表將不會綜 合併入本集 ...

Core Viewpoint - The launch of the Chongqing project by Ruipu Lanjun and Saike Technology marks a significant strategic expansion in the southwest region, aligning with national "14th Five-Year" planning and aiming to enhance the production capacity and technological capabilities of the companies involved [3][4]. Group 1: Project Overview - The Chongqing Fuling project is a key initiative for Saike Technology, aimed at expanding production capacity and upgrading technological capabilities in line with national strategies [3][4]. - The project is strategically located in the core area of the Chengdu-Chongqing economic circle, benefiting from significant geographical advantages and a strong industrial foundation [4]. - The first phase of the project will establish an intelligent and green production base for 12 GWh of energy storage and power lithium batteries, compatible with advanced products like the independently developed "WenDing battery" [4][5]. Group 2: Industry Impact - The project is expected to fill the demand gap for high-performance and high-safety power battery systems among mainstream automotive manufacturers in the southwest region [4][5]. - Upon reaching full production, the project will provide stable, reliable, and customized energy solutions to SAIC and several leading automotive companies [5]. - The Chongqing project is positioned as a crucial step in achieving the national "dual carbon" goals and will contribute to the establishment of a billion-level industrial ecosystem for new energy vehicle power batteries [5].

Core Insights - The core prediction for the Chinese lithium battery industry in 2026 indicates a total shipment volume exceeding 2.3 TWh, with a year-on-year growth of nearly 30% [1][2]. - The energy storage lithium battery shipments are expected to surpass 850 GWh, with a growth rate exceeding 35%, while power batteries (including those for passenger and commercial vehicles) will exceed 1.3 TWh, growing over 20% [1][2]. Industry Trends - The independent energy storage market in China is experiencing unexpected growth, supported by capacity price subsidy policies, which have improved the internal rate of return (IRR) for energy storage stations to between 6-12% [3]. - The demand for energy storage is driven by increased needs in Europe and the U.S., particularly in data centers [3]. Market Dynamics - The concentration of orders among leading companies has led to capacity shortages for major manufacturers, while smaller companies face idle capacity, highlighting a core contradiction in supply and demand [2][8]. - The "anti-involution" policy is effectively guiding industry expansion towards leading firms with technological and scale advantages, moving away from blind expansion [2][8]. Supply Chain and Pricing - The lithium battery supply chain is expected to see a collective price increase of over 10% due to tight supply and rising upstream material costs [11][12]. - The price of battery-grade lithium carbonate is projected to stabilize above 120,000 yuan/ton, with potential peaks exceeding 150,000 yuan/ton [11][12]. Production Capacity - The lithium battery industry is entering a third round of expansion, with new effective production capacity expected to exceed 700 GWh in 2026, primarily concentrated among top manufacturers [9]. - The demand for lithium battery equipment is anticipated to grow significantly, with market demand exceeding 65 billion yuan [9]. Emerging Technologies - Solid-state battery shipments are projected to exceed 15 GWh, driven by advancements in core materials and processes, although mass production remains a challenge [14]. - Sodium-ion battery shipments are expected to double to over 10 GWh, with the NFPP route dominating the market due to its cost-effectiveness and performance advantages [16][17]. IPO Trends - 2026 is expected to see a surge in IPO applications from lithium battery industry players, particularly in materials, equipment, and energy storage integration sectors [15]. - Companies with strong technological advantages and binding relationships with major clients are likely to accelerate their IPO processes [15].

| 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00666 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 934,422,124 | RMB | | | 1 RMB | | 934,422,124 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 934,422,124 | RMB | | | 1 RMB | | 934,422,124 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | - | ...