Group 1 - The company, Ganfeng Lithium, announced that it does not have any overdue guarantees [2] - The company confirmed that it has not provided guarantees for its major shareholders, actual controllers, or their related parties [2]

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的內 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的 任 何 損 失 承 擔 任 何 責 任。 董事長 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B 條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 江西贛鋒鋰業集團股份有限公司 李良彬 中 國‧江 西 二 零 二 五 年 九 月 十 日 於本公告日 期，董 事會成員包括本公司執行董事李良彬先 生、王曉申先 生、沈海博先 生、黃婷女士及李承霖先 生；本公司非執行董事羅榮女 士； 以及本公司獨立非執行董事王金本先 生、黃浩鈞先 生、徐一新女士及徐 光華先 生。 证券代码：002460 证券简称：赣 ...

关于为控股子公司提供担保的进展公告 证券代码：002460 证券简称：赣锋锂业 编号：临2025-105 江西赣锋锂业集团股份有限公司 统一社会信用代码：91140212MAD7BM3L8J 2、公司向信达金融租赁股份有限公司（以下简称"信达金租"） 申请《不可撤销的保证函》（合同编号：XDZL-A-2025-119-QYBZ）。 约定公司为控股子公司深圳易储能源科技有限公司（以下简称"深圳 易储"）旗下全资子公司大同市新荣区合邦新能源有限公司（以下简 称"大同合邦"）在信达金租的融资租赁债务提供人民币 70,000 万 元的连带保证责任。 住所：山西省大同市新荣区长城西街文化商住楼二层四号 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 一、担保情况概述 1、江西赣锋锂业集团股份有限公司(以下简称"公司") 于 2025 年 3 月 28 日召开的第五届董事会第九十一次会议、于 2025 年 6 月 25 日召开 2024 年年度股东大会审议通过了《关于 2025 年度公司及 子公司对外担保额度预计的议案》，为满足公司及子公司的发展和生 产经营需要，同意公司向子 ...

Investment Rating - The industry rating is optimistic [2] Core Insights - Solid-state batteries are expected to achieve a technological breakthrough in electrolyte technology by 2027 and may reach industrialization by 2030, with sulfide solid-state batteries being the most emphasized route domestically and internationally [3][24] - The current focus is on sulfide electrolytes, while composite electrolytes are anticipated to be the best long-term solution [4][33] - High-nickel ternary materials and silicon-carbon anodes are expected to dominate in the short term, with lithium-rich manganese-based and lithium metal anodes being the long-term goals [5][56] - Nickel-coated or nickel-based current collectors are being developed to address corrosion issues, while porous copper foils are being explored for their lightweight and elastic properties [6] - Other materials such as single-walled carbon nanotubes and UV adhesives are also gaining attention for their potential in solid-state battery applications [7] Summary by Sections Solid-State Battery Overview - Solid-state batteries are considered the ultimate form of lithium batteries, balancing safety and energy density [16][18] - The timeline for achieving significant milestones includes 200-300 Wh/kg energy density by 2027 and 400 Wh/kg by 2030 [19][24] Electrolytes - Sulfide electrolytes are currently the focus, with challenges in cost reduction and production scalability [4][39] - The development of halide electrolytes is also being pursued to enhance electrochemical stability and compatibility with high-voltage cathodes [44] Cathode Materials - High-nickel ternary materials are expected to be the primary choice for solid-state batteries, with ongoing modifications to improve performance [45][50] - Lithium-rich manganese-based materials are being developed to enhance energy density and reduce costs [55] Anode Materials - CVD silicon-carbon anodes are emerging as a leading option due to their performance and cost advantages, with significant growth expected in the coming years [61] - Lithium metal anodes are viewed as the ultimate solution, with ongoing research to address associated challenges [64] Investment Recommendations - Focus on leading companies in various material segments, including sulfide electrolytes, high-nickel ternary cathodes, CVD silicon-carbon anodes, and nickel-based current collectors [8]

Market Overview - The US non-farm employment data has been significantly revised downwards, leading to sustained expectations for interest rate cuts. The Hong Kong stock market has risen again, with the Hang Seng Index breaking the 26,000 mark, reaching a nearly four-year high. The index closed up 1.01% or 262.13 points at 26,200.26, with a total turnover of HKD 288.21 billion [1] Blue Chip Performance - Lenovo Group (00992) led the blue-chip stocks, rising 4.63% to HKD 11.31, contributing 5.88 points to the Hang Seng Index. Huatai Securities expects Lenovo to benefit from strong demand for AI products in the second half of the year, maintaining a buy rating with a target price of HKD 16 [2] - Other notable blue-chip performances include JD Logistics (02618) up 4.45%, Sun Hung Kai Properties (00016) up 4.28%, while Xinyi Solar (00968) and Xiaomi Group-W (01810) saw declines of 2.77% and 2.22%, respectively [2] Sector Highlights - Large technology stocks performed well, with Bilibili rising over 7% and JD up over 3%. Cloud computing stocks also saw gains, with Kingsoft Cloud rising nearly 9% [3] - Oracle's cloud business showed strong performance, with cloud revenue growing 28% year-on-year and cloud infrastructure revenue increasing 55%. The company expects cloud infrastructure revenue to reach USD 18 billion in FY2026, a 77% increase from FY2025 [4] Real Estate Sector - Hong Kong real estate stocks generally rose, with Sun Hung Kai Properties up 4.28% and Hang Lung Properties (00101) up 2.79% [4] - The Hong Kong government is set to release its 2025 policy address, with expectations of further reductions in property stamp duties and measures to attract more mainland visitors [5] Lithium Sector - Lithium stocks faced significant declines, with Ganfeng Lithium (01772) down 7.02% and Tianqi Lithium (09696) down 7.97%. The price of lithium carbonate is expected to fall below RMB 70,000 per ton due to a resurgence of supply surplus [6][5] Popular Stocks - Yunfeng Financial (00376) surged 27.83% after receiving approval to upgrade its securities license to offer virtual asset trading services [7] - Yaojie Ankang-B (02617) reached a new high, rising 27.57% after being included in the Hong Kong Stock Connect list [8] - Longfor Group (03380) rose 9.47% after reaching a revised agreement with creditors regarding offshore debt restructuring [9] - Shandong Molong (00568) increased by 7.92% amid rising oil prices due to geopolitical tensions in the Middle East [10]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant disparities in market valuations between H-shares and A-shares [1][2][3] Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with an AH premium rate of 800.00%, followed by Hongye Futures (03678) at 227.63% and Andeli Juice (02218) at 219.28% [1][2] - Other notable mentions include Fudan Zhangjiang (01349) with a premium of 215.70% and Beijing Mechanical & Electrical (00187) at 214.38% [2] Group 2: Bottom AH Premium Rates - CATL (03750) has the lowest AH premium rate at -10.67%, followed by Hengrui Medicine (01276) at -1.72% and Zijin Mining (02899) at 4.00% [1][2] - Additional companies with low premium rates include China Merchants Bank (03968) at 5.29% and Midea Group (00300) at 6.40% [2] Group 3: Top Deviation Values - Zhaoyan New Drug (06127) shows the highest deviation value at 25.76%, followed by Ganfeng Lithium (01772) at 19.31% and Kaisheng New Energy (01108) at 18.78% [1][2] - Other companies with significant deviation values include Dongjiang Environmental (00895) at 16.43% and Tianqi Lithium (09696) at 16.34% [2] Group 4: Bottom Deviation Values - Fosun Pharma (02196) has the lowest deviation value at -21.97%, followed by Longyuan Power (00916) at -20.23% and Longpan Technology (02465) at -17.81% [1][3] - Additional companies with low deviation values include BYD Company (01211) at -15.75% and Jiangxi Copper (00358) at -15.61% [3]

Group 1 - Lithium stocks opened lower, with Ganfeng Lithium down 8.67% at HKD 33.3 and Tianqi Lithium down 7.88% at HKD 40 [1] - On September 10, the main contract for lithium carbonate on the Shanghai Futures Exchange opened with a drop of over 7%, currently reported at CNY 69,920 per ton [1] - Ningde Times' subsidiary, Yichun Times New Energy Mining Co., held a meeting on September 9 to advance the resumption of operations at the Jiangxiawo lithium mine, with progress on mining rights and permits faster than market expectations [1] Group 2 - Dongwu Futures indicated that the resumption of operations at Ningde Times' lithium mine will lead to a rebound in lithium mica supply, potentially causing a downward shift in lithium carbonate prices [1] - Everbright Futures noted that the announcement of the resumption meeting could weaken the impact of mining permit issues on other projects, suggesting a short-term price decline while monitoring actual resumption timelines [1]

Core Viewpoint - Ganfeng Lithium has seen a significant stock price increase, with a 5.31% rise on September 8, reaching 46.98 CNY per share, and a total market capitalization of 966.47 billion CNY, reflecting a cumulative increase of 11.8% over three days [1] Company Overview - Ganfeng Lithium Industry Group Co., Ltd. is located in Xinyu City, Jiangxi Province, and was established on March 2, 2000. The company went public on August 10, 2010. Its main business involves the research, development, production, and sales of various lithium products [1] - The revenue composition of Ganfeng Lithium includes lithium series products (56.78%), lithium battery series products (35.52%), and other products (7.70%) [1] Shareholder Insights - E Fund's Hu Shen 300 ETF (510310) is among the top ten circulating shareholders of Ganfeng Lithium, having increased its holdings by 143.46 thousand shares in Q2, totaling 14.34 million shares, which represents 0.89% of the circulating shares. The estimated floating profit today is approximately 33.99 million CNY, with a total floating profit of 67.56 million CNY over the three-day increase [2] - The E Fund Hu Shen 300 ETF was established on March 6, 2013, with a current scale of 266.516 billion CNY. Year-to-date returns are 15.82%, ranking 2851 out of 4222 in its category, while the one-year return is 40.3%, ranking 2264 out of 3795 [2] Fund Management - The fund managers of E Fund Hu Shen 300 ETF are Yu Haiyan and Pang Yaping. Yu has a cumulative tenure of 14 years and 277 days, managing assets totaling 385.764 billion CNY, with the best fund return of 165.5% and the worst return of -83.57% during his tenure [3] - Pang has a cumulative tenure of 6 years and 327 days, managing assets of 314.865 billion CNY, with the best fund return of 69.91% and the worst return of -37.67% during his tenure [3] Fund Holdings - E Fund's Zhong Zheng New Energy ETF (516090) has also invested in Ganfeng Lithium, having reduced its holdings by 25.5 thousand shares in Q2, now holding 41.27 thousand shares, which accounts for 2.17% of the fund's net value. The estimated floating profit today is about 0.9781 million CNY, with a total floating profit of 1.9439 million CNY over the three-day increase [4] - The E Fund Zhong Zheng New Energy ETF was established on March 11, 2021, with a current scale of 643 million CNY. Year-to-date returns are 28.52%, ranking 1264 out of 4222, while the one-year return is 52.99%, ranking 1558 out of 3795 [4] Fund Management (Zhong Zheng New Energy ETF) - The fund manager of E Fund Zhong Zheng New Energy ETF is Zhang Zhan, who has a cumulative tenure of 5 years and 178 days, managing assets totaling 45.852 billion CNY, with the best fund return of 62.87% and the worst return of -54.7% during his tenure [5]

Core Viewpoint - The resumption of lithium mining by Ningde Times is expected to impact the supply of lithium mica and subsequently lead to a decrease in lithium carbonate prices, with market sentiment playing a significant role in this shift [1][2]. Group 1: Company Developments - On September 9, Yichun Times New Energy Mining Co., a subsidiary of Ningde Times, held a meeting to advance the resumption of operations at the Jiangxiawo lithium mine, with progress on mining rights and permits being faster than market expectations [1]. - The market is anticipating the resumption of operations at the Jiangxiawo lithium mine, which is expected to alleviate supply constraints and influence pricing dynamics in the lithium market [2]. Group 2: Market Implications - East Wu Futures indicated that the resumption of lithium mining by Ningde Times will lead to a rebound in lithium mica supply, which may cause the price of lithium carbonate to decline [2]. - According to Guangda Futures, the announcement of the resumption meeting by Ningde Times is likely to weaken the impact of mining permit issues on other projects, suggesting a potential short-term price drop for lithium carbonate [2].

Group 1 - Jiangsu Suqian Fengteng Yichu Energy Technology Co., Ltd. has been established with a registered capital of 200 million yuan [1] - The company is involved in solar power technology services, sales of offshore wind turbine units, and sales of onshore wind turbine units and components [1] - The company is wholly owned by Shenzhen Yichu Energy Technology Co., Ltd., which is a subsidiary of Ganfeng Lithium Co., Ltd. [1]