设备是固态电池量产的关键，需解决固态电池电极与电解质界面接触、电极高效制备的难题，目前主要 路线为硫化物路线，配套的工艺设备都有所变化。 智通财经APP获悉，招商证券发布研报称，近两年全固态电池研发明显提速，国内头部企业已实现中试 线级别生产，硫化物路线成为主流技术方向。工信部2024年5月成立60亿元固态基金推动行业发展，宁 德时代(300750.SZ)等企业预计2027年前后实现小批量生产，上汽集团(6000104.SH)、比亚迪(002594.SZ) 等车企计划2026年开始装车。设备端干法电极、等静压等新工艺需求爆发，相关设备厂商已实现技术突 破。 招商证券主要观点如下： 近两年全固态电池研发加快，产品逐渐从实验室走向中试线，容量也提升到60-70Ah 头部电池厂也已实现中试线级别生产，车端预计26年将实现陆续装车。目前硫化物成为主要路线，对界 面接触要求更高，配套设备工艺变化主要体现在干法电极、叠片+软包、等静压、高压化成分容等方 面。部分设备企业已有所突破，有望助力固态电池规模化应用。 全固态电池研发加速 近两年，在政策的推动下，国内全固态电池研发逐渐从实验室走向中试线，整体开始加速。工信部202 ...

招商证券股份有限公司 关于浙江艾罗网络能源技术股份有限公司 首次公开发行部分限售股上市流通的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"或"保荐人"） 作为浙江艾罗网络能源技术股份有限公司（以下简称"艾罗能源"、"公司"）首 次公开发行股票并在科创板上市持续督导阶段的保荐人，根据《证券发行上市保 荐业务管理办法》《上海证券交易所科创板股票上市规则》等有关规定，对艾罗 能源首次公开发行部分限售股上市流通的事项进行了核查，核查情况及核查意见 如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2023 年 5 月 16 日印发的《关于同意浙江艾 罗网络能源技术股份有限公司首次公开发行股票注册的批复》 （证监许可〔2023〕 并于 2024 年 1 月 3 日在上海证券交易所科创板上市。公司首次公开发行股票前 总股本为 12,000 万股，首次公开发行股票后总股本为 16,000 万股，其中有限售 条件流通股 14,144.0591 万股，占公司总股本的 88.4004%，无限售条件流通股 首次公开发行网下配售的 13,440,591 股限售股已于 2024 年 7 月 3 日 ...

Core Viewpoint - The shareholders of Langkun Technology (301305.SZ) plan to reduce their holdings, with a total reduction of up to 4,218,116 shares, accounting for no more than 1.75% of the company's total share capital [1] Group 1: Shareholder Reduction Plan - The shareholders involved in the reduction include Shenzhen Huadi Guangda Equity Investment Fund, Guangdong Qiandeng Huadi Equity Investment Enterprise, Guangzhou Liumai Zijiang Equity Investment Partnership, and Guangzhou Zijiang Kaiyuan Equity Investment Partnership [1] - These shareholders collectively hold 13,539,470 shares, representing 5.61% of the total share capital of the company [1] Group 2: Company Background - Langkun Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on May 23, 2023, with an issuance of 60,892,700 shares at a price of 25.25 yuan per share [2] - The stock reached its highest price of 29.57 yuan on May 25, 2023, but is currently in a state of decline [2] Group 3: Fundraising Details - The total amount raised by Langkun Technology was 153,754.07 million yuan, with a net amount of 142,499.56 million yuan, exceeding the original plan by 30,269.62 million yuan [3] - The funds are intended for projects including organic waste resource processing and the establishment of a research and development center [3]

港股券商股涨势持续扩大，国泰君安国际大涨超150%，申万宏源香港涨超32%，招商证券涨近14%。 ...

Group 1 - The core viewpoint of the news highlights the significant rise in the Southern Securities ETF (512900) and the strong performance of the China Securities Company Index, indicating a bullish trend in the securities market [1] - The approval of Guotai Junan Securities (Hong Kong) to provide virtual asset trading services marks a pivotal moment for traditional Chinese financial institutions to engage in the virtual asset market [1] - Hong Kong is positioning itself as a global hub for virtual assets, leveraging its mature financial infrastructure and international regulatory framework, which is expected to accelerate the development of the virtual asset industry [1] Group 2 - The current regulatory environment encourages consolidation within the securities industry, with mergers and acquisitions seen as effective means for brokers to achieve external growth and enhance overall industry competitiveness [2] - The Southern Securities ETF closely tracks the China Securities Company Index, which categorizes companies into various industry levels, providing a comprehensive analysis tool for investors [2] - The top ten weighted stocks in the index include major players such as CITIC Securities, Dongfang Wealth, and Guotai Haitong, reflecting the concentration of market power within a few key firms [2]

Group 1 - Chinese brokerage stocks in Hong Kong continue to rise, with Hongye Futures (03678.HK) increasing by over 17% [1] - Guolian Minsheng (01456.HK) has seen a rise of over 10% [1] - Other firms such as China Merchants Securities (06099.HK) and CITIC Securities (06030.HK) also experienced gains [1]

Financial Performance - The company reported a revenue of 333.18 million yuan in 2024, a decrease of 0.46% compared to 334.71 million yuan in 2023 [2] - The net profit attributable to shareholders was -187.81 million yuan, a significant decline of 2,584.86% from 7.56 million yuan in the previous year [2] - The net profit after deducting non-recurring gains and losses was -183.01 million yuan, down 3,385.76% from 5.57 million yuan in 2023 [2] - The net cash flow from operating activities was -115.09 million yuan, worsening by 259.54% from -32.01 million yuan in the previous year [2] Earnings Per Share - Basic and diluted earnings per share were both -2.43 yuan, a decrease of 2,530.00% from 0.10 yuan in 2023 [2] Asset and Equity Position - Total assets at the end of 2024 were 853.31 million yuan, a decrease of 17.12% from 1,029.58 million yuan at the end of 2023 [2] - The net assets attributable to shareholders were 661.04 million yuan, down 22.44% from 852.25 million yuan in the previous year [2] Recent Quarterly Performance - In the first quarter of 2025, the company achieved a revenue of 21.18 million yuan, an increase of 4.48% year-on-year [1] - The net profit attributable to shareholders for the first quarter was -29.64 million yuan, slightly improved from -30.29 million yuan in the same period last year [1] - The net cash flow from operating activities for the first quarter was -39.92 million yuan, an improvement from -56.70 million yuan in the previous year [1] Initial Public Offering - The company was listed on the Shenzhen Stock Exchange's ChiNext on January 7, 2022, with a total share capital of 58 million shares [3] - The public offering included 19.35 million shares, accounting for 25.02% of the total share capital post-issuance, at a price of 30.28 yuan per share [3] - The total funds raised amounted to 585.92 million yuan, with a net amount of 515.54 million yuan after deducting issuance costs [3]

Group 1 - The core point of the announcement is that Chuangjin Hexin Fund Management Co., Ltd. has collaborated with China Merchants Securities Co., Ltd. to offer a fee rate discount for the Chuangjin Hexin Dividend Selection Quantitative Stock Mixed Securities Investment Fund starting from June 25, 2025 [1][2] - The applicable fund for the fee rate discount is the Chuangjin Hexin Dividend Selection Quantitative Stock Mixed Securities Investment Fund [1] - The fee rate discount will be available from the date of the announcement until the end date specified by China Merchants Securities [1] Group 2 - Investors can enjoy a front-end subscription fee rate discount when purchasing or making regular investment in the fund through China Merchants Securities, with specific details to be determined by China Merchants Securities [1] - The interpretation rights of the fee rate discount activity belong to China Merchants Securities, which also reserves the right to change the content of the discount activity without further announcement [1] - Investors are encouraged to consult the customer service hotline or official website of China Merchants Securities for more details regarding the fee rate discount activity [1]

Core Views - The adjustment of core technical personnel at Nanjing Guobo Electronics Co., Ltd. is aimed at enhancing the company's research and development capabilities and aligning with future technological directions [1][3]. Group 1: Core Technical Personnel Adjustment - The company has recognized Mr. Yu Yuanwei as a new core technical personnel, who has extensive experience in the field and holds a doctoral degree [1][2]. - Mr. Shen Ya is no longer recognized as core technical personnel but will continue to work at the company, having held various significant positions [2][3]. - The company has established confidentiality agreements with both Mr. Yu and Mr. Shen to protect its technical and commercial secrets [2]. Group 2: Impact on the Company - The adjustment of core technical personnel is not expected to adversely affect the company's operational capabilities, research strength, or core competitiveness [3][4]. - The company has maintained a steady growth in the number of R&D personnel over the past three years, with numbers increasing from 292 in 2022 to 413 in 2024, representing a rise from 16.61% to 23.43% of the total workforce [3][4]. Group 3: Measures Taken by the Company - The company has completed the adjustment of core technical personnel and is progressing with its R&D projects in an orderly manner [4]. - The existing R&D team possesses rich experience in the integrated circuit industry, ensuring stability and capability in technological innovation [4]. Group 4: Sponsor Institution's Review - The sponsor institution believes that the current R&D team and core technical personnel can support the ongoing development of core technologies, and the personnel adjustments will not have a significant negative impact on the company's business development or product innovation [4].

创板上市公司自律监管指引第 1 号——规范运作》、 《上海证券交易所上市公司自 招商证券股份有限公司 关于昆山国力电子科技股份有限公司 差异化分红事项的核查意见 招商证券股份有限公司（以下简称"招商证券"、"保荐人"）作为昆山国力 电子科技股份有限公司（以下简称"国力股份"、"公司"）持续督导的保荐人， 根据《中华人民共和国公司法》、 《中华人民共和国证券法》、 《上海证券交易所科 律监管指引第 7 号——回购股份》等相关法律法规、规范性文件及上海证券交易 所日常监管要求，对国力股份差异化分红事项进行了核查，核查情况如下： 一、本次差异化分红的原因 以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金和回购 专项贷款以集中竞价交易方式回购公司股份，用于员工持股计划和/或股权激励。 具体内容详见公司分别于2025年3月26日、2025年4月3日在上海证券交易所网站 披露的《昆山国力电子科技股份有限公司关于以集中竞价交易方式回购股份的预 案》（公告编号：2025-004）、《昆山国力电子科技股份有限公司关于以集中竞 价交易方式回购股份的回购报告书》（公告编号：2025-009）。 本次回购股份方案仍在 ...