Core Viewpoint - 正力新能 has achieved a significant milestone by becoming the first company in the power battery industry to mass-produce and deliver certified power battery systems for electric aircraft, specifically the RX1E electric fixed-wing aircraft, in response to the growing demand for electric aviation and the low-altitude economy [2][4][5]. Group 1: Company Overview - 正力新能 was established in 2019 and has quickly positioned itself in the power battery industry, focusing on a "land, sea, and air" strategy to explore battery applications across various transportation modes [4][15]. - The company has a strong background in battery technology, having previously supplied batteries for hybrid vehicles, which has contributed to its rapid growth and market presence [11][13]. Group 2: Technological Advancements - The RX1E electric aircraft's power battery system is characterized by "three highs and one fast," indicating high safety, high energy density, high power, and fast charging capabilities, with an energy density exceeding 320Wh/kg [9][10]. - The aviation battery technology is more advanced than that of automotive batteries, with a required energy density of over 300Wh/kg and a peak power output greater than 12C [10]. Group 3: Market Opportunities - The low-altitude economy is projected to create a market scale in the trillions, providing new growth opportunities for power battery manufacturers as they seek to diversify beyond the increasingly competitive electric vehicle sector [4][5][15]. - The collaboration with zero-gravity aircraft industry and Liaoning General Aviation Research Institute highlights the growing interest and investment in electric aviation, with both companies developing fully domestically produced electric aircraft [5][6]. Group 4: Strategic Partnerships - 正力新能 has formed strategic partnerships with companies like zero-gravity aircraft industry and Liaoning General Aviation Research Institute to supply power battery systems for various types of electric aircraft, including fixed-wing and eVTOL [6][9]. - The partnerships are based on the reliability and safety of 正力新能's battery technology, which meets the stringent requirements for aviation applications [6][7]. Group 5: Regulatory and Certification Challenges - Achieving airworthiness certification for aviation batteries is a complex process that involves rigorous testing and compliance with national aviation regulations, which 正力新能 has successfully navigated [7][9]. - The company has established itself as a leader in the industry by being the first to obtain both product certification and the AS9100D aerospace quality management system certification [9]. Group 6: Future Outlook - 正力新能 aims to leverage its advancements in aviation battery technology to establish a competitive edge in the low-altitude economy, aligning with national policies promoting the development of this sector [15][16]. - The company is focused on achieving its vision of a "zero-carbon society" by contributing to the decarbonization of the aviation industry through its innovative battery solutions [16][17].

Group 1 - The core viewpoint is that southbound funds have become a crucial driving force in the Hong Kong stock market, with their influence expected to deepen due to unique investment opportunities and long-term policy support [1][2] - Southbound funds account for over one-third of the daily net inflow in the Hong Kong Stock Exchange's main board trading volume and hold nearly 15% of the free float market capitalization of Hong Kong stocks, both metrics having increased by over 30% since before 2024 [2] - Cumulative net inflow from southbound funds has reached $14 billion since 2025, surpassing the total for 2024, with daily inflows increasing by 84.6% year-on-year [2] Group 2 - Stocks included in the southbound trading scheme typically show strong performance prior to inclusion, with an average increase of 3.7% in the 30 days before inclusion, outperforming the Hang Seng Index by 5.2% [3] - In February, 26 out of 27 stocks included in the southbound scheme rose in the 30 days prior, with an average absolute return of 41% and a relative return of 19% compared to the Hang Seng Index [3] - Post-inclusion, stocks may experience short-term pressure, with an average relative return of -2.0% over 30 days, but still show a long-term excess return of 4.6% over 90 days [3] Group 3 - Morgan Stanley has developed a southbound stock selection model (MSSBT) that accurately predicts stocks to be included in the scheme, achieving an average hit rate of 85% across the last four semi-annual inclusion cycles, with a peak of 97% in August 2024 [4] - The simulated portfolio under equal-weight allocation shows an average absolute return of 10.1% in the 30 days prior to inclusion, outperforming the Hang Seng Index by 7.4% [4] - The model employs strict selection criteria, including market capitalization above 50 billion HKD and compliance with turnover rate standards, while excluding stocks with high ownership concentration [4] Group 4 - The latest forecast indicates that 19 stocks will be included in the southbound scheme in September, covering seven major sectors, with healthcare (6 stocks) and industrials (5 stocks) making up over 50% of the list [5][6] - The top five candidates by market capitalization include Cao Cao Inc (Industrials), Ying En Biological (Healthcare), Nanshan Aluminum International (Materials), Zhengli New Energy (Industrials), and Yunzhisheng (Information Technology) [6] Group 5 - The recommended strategy for maximizing returns involves entering positions one month prior to inclusion, diversifying risk through equal-weight allocation of selected stocks, and locking in short-term gains by selling on the official inclusion date [8]

Core Viewpoint - The development of aviation batteries is positioned as a higher technical challenge compared to automotive batteries, with advancements in aviation battery technology expected to benefit the automotive sector as well [1][2] Group 1: Company Insights - Zhengli New Energy is transitioning from automotive batteries to aviation batteries, emphasizing the need for advanced materials and higher safety standards in aviation applications [1] - The company held a press conference on August 18, 2025, to discuss the certification and mass production of aviation power battery systems [1] - The CEO, Chen Jicheng, highlighted that the experience gained from electric aircraft can enhance the development of batteries for electric vehicles and other high-end manufacturing sectors [1] Group 2: Industry Trends - The integration of aviation battery technology is expected to improve the safety and performance of automotive batteries, as both sectors share complementary safety principles [2] - The demand for high charging speeds in electric aviation is critical due to the high operational efficiency required for aircraft, which influences the design and innovation of battery materials and systems [2] - The development of electric aviation is closely linked to the rise of the low-altitude economy, with a focus on creating safe, efficient, and scalable power systems as a prerequisite for this economic model [2]

Group 1 - The core event is the mass delivery ceremony of the electric aviation energy system by Jiangsu Zhengli New Energy Battery Technology Co., Ltd., marking a significant step towards commercial operation in the electric aviation sector [1][2] - The delivered electric aviation energy system utilizes dual semi-solid technology, achieving high energy density over 320Wh/kg, fast charging to 80% in 15 minutes, and high discharge rates even at low battery levels [1] - The system has passed aviation safety standards and supports the commercial application of China's first dual-seat electric fixed-wing aircraft, RX1E, which has also received airworthiness certification from the Civil Aviation Administration of China [1] Group 2 - Jiangsu Zhengli New Energy Battery Technology Co., Ltd. is one of the first companies in China to develop and produce eVTOL batteries, having initiated the electric aviation energy system project in 2021 [2] - The company has established comprehensive capabilities in the development, design, and manufacturing of battery cells, BMS, and systems, and is the first in the industry to achieve AS9100D aerospace quality management certification [2] - The mass delivery signifies the transition of China's electric aviation energy system from the "technology validation" phase to a new stage of commercial operation [2]

Core Viewpoint - The breakthrough in aviation power battery technology by Zhengli New Energy marks a significant step towards the commercialization of electric aviation in China, with the successful certification of the RX1E electric fixed-wing aircraft's battery system [1][3][5] Group 1: Technological Breakthrough - Aviation power batteries have long faced the "unreachable triangle" of high energy density, high discharge rate, and high safety, which directly impacts the commercialization process [1][6] - Zhengli New Energy has achieved a key technological breakthrough through its "LISA-321" R&D strategy, launching the industry's first battery that integrates high safety, high energy density, high power, and fast charging capabilities [6][7] - The new battery can achieve an energy density exceeding 320Wh/kg, support 12C high discharge at 20% low battery, and charge 80% in 15 minutes, meeting ppb-level aviation safety standards [7] Group 2: Industry Impact - The successful certification of the RX1E electric fixed-wing aircraft's battery system signifies that Zhengli New Energy has met the stringent quality management requirements set by the Civil Aviation Administration of China, establishing a leading position in the industry [3][5] - This achievement enhances China's self-sufficiency in key components for electric aviation, breaking foreign technology monopolies and increasing China's influence in the global new energy aviation industry [5] - Zhengli New Energy's collaboration with domestic companies, such as Zero Gravity Aircraft Industry, aims to shift the industry from "catching up" to "leading," accelerating the development of China's low-altitude economy [7]

Group 1 - The core viewpoint of the articles highlights the significant developments and positive financial outlook for the company, Zhengli New Energy, particularly in the aviation battery sector and its recent profitability forecast [1][2][3] Group 2 - Zhengli New Energy's stock price experienced volatility, reaching a high of HKD 11.31 per share before settling at HKD 11.13, reflecting a slight decline of 0.27%. However, the stock has appreciated over 30% since its listing four months ago [1] - The company has received a type certificate from the Civil Aviation Administration of China for its aviation power battery system, which will be used in the RX1E, the country's first two-seat electric fixed-wing aircraft, marking a milestone for mass delivery [1] - The aviation power battery system utilizes dual semi-solid technology, enhancing safety, discharge capacity, flight duration, and lifespan, while successfully passing thermal runaway tests [1] - Zhengli New Energy's chairman emphasized the company's commitment to zero-carbon goals and its role in the transition to electric aviation [1] - The company has signed strategic cooperation agreements for battery systems with Zero Gravity Aircraft Industry and Liaoning General Aviation, indicating plans for deeper collaboration on eVTOL and the RX4E electric aircraft [1] - Zhengli New Energy has issued a positive profit forecast, expecting a net profit between RMB 198 million and RMB 243 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately RMB 130 million in the same period last year [2] - The expected profit increase of approximately RMB 328 million to RMB 373 million is attributed to expanded business operations, increased battery shipments, improved gross margins, and reduced operating expenses [2] - The company has achieved profitability in 2024, with revenues increasing from RMB 14.99 billion in 2021 to an expected RMB 51.30 billion in 2024, while net losses have decreased significantly over the years [2]

Core Viewpoint - Zhengli New Energy has achieved a significant milestone by obtaining airworthiness certification for its aviation power battery system, enabling mass delivery and supporting the commercial operation of China's first electric fixed-wing aircraft, RX1E [1][7][21]. Group 1: Certification and Delivery - The aviation power battery system developed by Zhengli New Energy has successfully passed the rigorous airworthiness certification process by the Civil Aviation Administration of China (CAAC), marking a key advancement in the industry [1][7]. - The mass delivery of the aviation power battery system signifies Zhengli New Energy's commitment to the "zero-carbon journey" and its role in promoting electric aviation in China [3][21]. Group 2: Technological Innovations - Zhengli New Energy has introduced the second generation of its "three highs and one fast" aviation power battery, which features dual semi-solid technology, enhancing safety, discharge capacity, flight time, and lifespan [12][9]. - The company has achieved a breakthrough in addressing the "golden triangle" challenge of high energy density, high discharge rates, and high safety in aviation power batteries through its LISA-321 R&D strategy [12][13]. Group 3: Strategic Collaborations - Zhengli New Energy has signed strategic cooperation agreements with Zero Gravity Aircraft Industry and Liaoning General Aviation Research Institute to further develop battery systems for various electric aircraft models, including the RX4E [16][20]. - These collaborations aim to transition domestic enterprises from a "follower" to a "leader" position in the electric aviation sector, accelerating the development of China's low-altitude economy [16][21]. Group 4: Future Outlook - The company aims to leverage its advanced manufacturing capabilities to meet the growing demand in the general aviation market, positioning itself as a leader in the mass production of electric fixed-wing aircraft battery systems [21][23]. - Zhengli New Energy is committed to continuous innovation in battery technology and aims to contribute to the sustainable future of energy, focusing on electric aviation and other new electric aircraft applications [23].

格隆汇8月14日丨正力新能(03677.HK)宣布，董事会会议将于2025年8月28日（星期四）举行，以（其中 包括）审议及批准本集团截至2025年6月30日止六个月的中期业绩及其刊发，并考虑建议派付中期股息 （如有）。 ...

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，並明確表示概不會就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。 Jiangsu Zenergy Battery Technologies Group Co., Ltd. 中國常熟，2025年8月14日 截至本公告日期，本公司董事會包括：(i)執行董事曹芳女士、陳繼程先生及于哲 勛先生；(ii)非執行董事張力先生；及(iii)獨立非執行董事許志明先生、龔正良先 生及肖瑉女士。 董事會會議召開日期 江蘇正力新能電池技術股份有限公司（「本公司」，連同其附屬公司，「本集團」）董 事（「董事」）會（「董事會」）謹此宣布，董事會會議將於2025年8月28日（星期四） 舉行，以（其中包括）審議及批准本集團截至2025年6月30日止六個月之中期業績 及其刊發，並考慮建議派付中期股息（如有）。 承董事會命 江蘇正力新能電池技術股份有限公司 董事長兼執行董事 曹芳女士 江蘇正力新能電池技術股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3677） ...

Summary of Key Points Core Viewpoint - As of August 8, a total of 90 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders in the high-growth category [1]. 52-Week Highs - The top three stocks that achieved the highest growth rates are: - Fuyung (00352) with a growth rate of 147.42%, closing at 0.830 and reaching a high of 1.200 [1] - Maokai Kweichow (01716) with a growth rate of 44.33%, closing at 0.580 and reaching a high of 0.700 [1] - Biyang Green Group (01397) with a growth rate of 42.86%, closing at 0.900 and reaching a high of 1.100 [1] - Other notable stocks include: - Shaw Brothers Holdings (00953) at 37.61% growth [1] - Beihai Kangcheng-B (01228) at 32.43% growth [1] - Fubo Group (03738) at 22.32% growth [1] 52-Week Lows - The stocks that reached their 52-week lows include: - Kun Group (00924) with a decline of 7.89%, closing at 0.355 [3] - Huanshi Media (01003) with a decline of 7.46%, closing at 0.315 [3] - Jia Hong Logistics (02130) with a decline of 6.27%, closing at 2.990 [3] - Other significant declines include: - Dongyangguang Pharmaceutical (06887) at -6.09% [3] - Heng Tai Yu Group (08081) at -5.26% [3] - Macau Lijun (02913) at -4.41% [3]