智通财经APP获悉，香港联交所最新资料显示，9月5日，厦门市产业投资有限公司减持中创新航 (03931)290.24万股，每股作价27.525港元，总金额约为7988.86万港元。减持后最新持股数目约为 5888.19万股，最新持股比例为7.73%。 ...

里昂发布研报称，预计中创新航(03931)2025至27年的盈利年复合增长率为76%。由于预期公司付运量增 加3%至5%，而销售均价将上升2%至5%。该行上调对其2025至27年各年盈测分别8%、10%及9%，并将 目标价由27港元调升至38港元，维持"跑赢大市"评级。 ...

智通财经APP获悉，里昂发布研报称，预计中创新航(03931)2025至27年的盈利年复合增长率为76%。由 于预期公司付运量增加3%至5%，而销售均价将上升2%至5%。该行上调对其2025至27年各年盈测分别 8%、10%及9%，并将目标价由27港元调升至38港元，维持"跑赢大市"评级。 ...

里昂发表研究报告指，日前参观了中创新航位于合肥的电池厂，公司管理层亦在电话会议中解答市场对 其业务和半固态电池的疑问。该行预计，中创新航2025至27年的盈利年复合增长率为76%。由于预期公 司付运量增加3%至5%，而销售均价将上升2%至5%，该行上调对其2025至27年各年盈测分别8%、10% 及9%，并将目标价由27港元上调至38港元，维持"跑赢大市"评级。 ...

Market Overview - The A-share market opened with mixed results, with the Shanghai Composite Index down 0.02%, the Shenzhen Component Index up 0.33%, and the ChiNext Index up 0.21% [4][5] - The overall market sentiment showed a decline in the ChiNext Index, which fell by 1% [2] Sector Performance - Precious metals sector led the gains with an increase of 2.13%, followed by other sectors such as small metals (+1.67%) and sodium-ion batteries (+1.40%) [6] - Solid-state battery concept stocks continued their strong performance, with companies like Fengyuan Co. and Hongxing Development achieving consecutive gains [3] Hong Kong Market - The Hong Kong market opened with the Hang Seng Index up 0.09% and the Hang Seng Tech Index up 0.11% [7][8] - Real estate stocks in Hong Kong saw significant increases, with Country Garden rising by 14.58% following policy adjustments aimed at optimizing the real estate market in Shenzhen [6]

Group 1 - The core viewpoint of the news highlights a positive opening for the battery sector in the Hong Kong stock market, with several companies experiencing significant gains [1] - China Innovation Aviation saw an increase of 7.31% in its stock price [1] - Tianqi Lithium and Ganfeng Lithium both rose by over 2% [1] - Contemporary Amperex Technology Co., Ltd. (CATL) opened slightly higher [1]

Core Insights - The report highlights breakthroughs in solid-state battery technology by leading companies such as EVE Energy, Putailai, and Xiamen Tungsten, benefiting from advancements in the energy storage sector [1][3] - A new supply-demand cycle is anticipated in the industry, emphasizing the importance of leading companies and flexible strategies [2] Group 1: Solid-State Battery Developments - EVE Energy's solid-state battery research institute in Chengdu has unveiled the "Longquan No. 2" all-solid-state battery, featuring a capacity of 10Ah and an energy density of 300Wh/kg, aimed at humanoid robots [1][3] - The Chengdu facility is being constructed in two phases, with the first phase expected to be completed by December 2025, achieving a manufacturing capacity of 60Ah batteries [3] - The solid-state battery industry aims to reach an energy density of 400Wh/kg and 1000Wh/L by 2025, accelerating the industrialization process [3] Group 2: Energy Storage Market Growth - Global energy storage battery shipments are projected to reach 258GWh in the first half of 2025, representing a year-on-year increase of 106% [1][4] - Chinese companies dominate the global energy cell shipment rankings, holding all top ten positions and accounting for 91.2% of the global market share [1][4] - Emerging overseas markets, such as Saudi Arabia, Australia, and Chile, have seen Chinese companies secure 199 new overseas energy storage orders, totaling over 160GWh, a year-on-year growth of 220.28% [4] Group 3: Photovoltaic and Silicon Industry Insights - The Chinese energy storage sector continues to gain global market share, with companies like CATL, Sungrow, EVE Energy, and others benefiting from this trend [4] - The Ministry of Industry and Information Technology has issued a plan to eliminate "involution" competition in the photovoltaic sector, promoting orderly development and capacity management [4][5] - China's polysilicon production reached 596,000 tons in the first half of 2025, with GCL-Poly's granular silicon cash cost dropping to 25.31 yuan/kg, potentially leading to profitability by August-September [5]

Core Insights - The solid-state battery industry is entering a critical phase of industrialization, driven by technological advancements and increasing market demand [5][6] - The electrolyte segment is highlighted as a key area for value creation, with significant market potential estimated at 240 billion [3] - Companies that successfully develop solid-state battery technologies are expected to see substantial market valuation increases [3][4] Material Sector - Eight battery manufacturers have established pilot lines with a capacity of 0.3 GWh, indicating progress in overcoming scientific challenges related to sulfide electrolytes [1] - The value of electrolytes for a 1 GWh solid-state battery is projected at 600 million, even after potential cost reductions [3] - Two main processes for sulfide electrolytes are recognized: wet method and gas-solid separation, with companies like Huasheng Lithium and Tianqi Materials leading in the wet method [3] Positive Signals in Cathode Materials - A significant development in cathode materials is indicated by Rongbai Technology's announcement of using lithium-rich manganese-based cathodes by the end of 2026, which could enhance voltage and reduce costs [4] - The combination of sulfide electrolytes and lithium-rich cathodes positions certain companies as strong candidates in the solid-state battery market [4] Equipment Sector - Equipment manufacturers are experiencing a premium due to the urgent demand for production expansion, particularly in fiberization equipment [5] - Companies like Macro Technology and Delong Laser are noted for their advanced capabilities in equipment for solid-state battery production [5] - The solid-state battery sector is expected to benefit significantly from policy support and technological advancements, leading to rapid market growth [5] Related Companies in the Solid-State Battery Sector - Key players in the solid-state battery industry include CATL, Ganfeng Lithium, Tianqi Lithium, and BYD, among others [6]

Group 1 - Xiamen Jinyuan Investment Group Co., Ltd. reduced its stake in Zhongchuang Innovation航 (03931) by 2.2783 million shares at an average price of 24.8569 HKD per share, totaling approximately 56.6315 million HKD [1] - After the reduction, the latest shareholding number is approximately 73.0585 million shares, representing a holding percentage of 11.94% [1]

Group 1 - Xiamen Jinyuan Investment Group Co., Ltd. reduced its stake in Zhongchuang Xinhang (03931) by 2.2783 million shares at an average price of HKD 24.8569 per share, totaling approximately HKD 56.6315 million [1] - After the reduction, the latest number of shares held by Xiamen Jinyuan is approximately 73.0585 million shares, representing a holding percentage of 11.94% [1]