Core Viewpoint - Far East Smart Energy Co., Ltd. reported significant growth in contract orders for November 2025, with a total of 2.383 billion yuan, marking a year-on-year increase of 33.04% and a quarter-on-quarter increase of 124.38% [1] Group 1: Overall Performance - The company received contracts exceeding 10 million yuan totaling 2.383 billion yuan in November 2025, showing strong growth in all major business segments [1] - Year-on-year growth for the total contract orders was 33.04%, while quarter-on-quarter growth was 124.38% [1] Group 2: Business Segment Performance - In the smart cable network segment, contracts exceeding 10 million yuan amounted to 1.663 billion yuan, reflecting a year-on-year increase of 3.52% and a quarter-on-quarter increase of 93.44% [1] - In the smart battery segment, contracts exceeding 10 million yuan reached 552 million yuan, demonstrating a remarkable year-on-year increase of 975.06% and a quarter-on-quarter increase of 356.36% [1] - In the smart airport segment, contracts exceeding 10 million yuan totaled 168 million yuan, with a year-on-year increase of 26.13% and a quarter-on-quarter increase of 106.56% [1]

Core Viewpoint - The company is accelerating the mass production of multimode optical fibers (OM3/OM4/OM5) and advancing the implementation of cutting-edge technologies such as hollow-core fibers [1] Group 1: Company Developments - The company is focusing on the communication frontier field [1] - The implementation of the multimode optical fiber project is being expedited [1] - The company is promoting the application of advanced technologies [1]

Core Viewpoint - The company is accelerating the implementation and mass production of multimode optical fiber (OM3/OM4/OM5) projects in the communication frontier field, while also advancing the application of cutting-edge technologies such as hollow core fiber [1] Group 1 - The company is focusing on the communication frontier field [1] - The implementation of multimode optical fiber projects is being accelerated [1] - The company is promoting the application of hollow core fiber technology [1]

Core Insights - The article highlights recent developments in the energy storage sector, with four companies announcing new storage orders, indicating a growing trend in the industry [1]. Group 1: Company Announcements - EVE Energy signed a 1GWh energy storage order with China Gas, focusing on the integration of distributed energy solutions and low-carbon energy management [2][4]. - Far East Group disclosed a total of 3GWh energy storage system projects over three years, with a total order value of approximately 425 million yuan [7][8]. - Canadian Solar's subsidiary, Recurrent Energy, received development approval for a 500MW/1000MWh energy storage system in the UK, which will be one of the largest solar-storage hybrid plants in the country [10][11]. - Kunming University of Science and Technology and Zhejiang Taihu Energy Valley signed a strategic cooperation agreement to jointly develop a 3GWh energy storage system over three years [12]. Group 2: Project Details - The collaboration between EVE Energy and China Gas aims to develop energy storage systems and biomass energy coupling technologies, with plans to expand into overseas markets [4][6]. - Far East Group's energy storage orders include various projects across China, with a total of 11 significant orders disclosed this year, amounting to 1.367 billion yuan [8][9]. - The Tillbridge project by Recurrent Energy is expected to generate 857.6 GWh annually, serving around 300,000 households and reducing CO2 emissions by over 15 million tons throughout its lifecycle [11]. - The partnership between Kunming University and Zhejiang Taihu Energy Valley includes a procurement contract for 1GWh of aluminum-based lead-carbon batteries, with the first batch valued at approximately 10.59 million yuan [12][13].

长江商报消息 ●长江商报记者 张璐 远东股份（600869.SH）持续丰盈订单储备。 12月1日，远东股份发布公告，2025年11月份，公司收到子公司中标/签约千万元以上合同订单合计为 23.83亿元，同比增长33.04%。主要涉及国家和地方电网以及其他战略客户，包括智能缆网、锂电池和 智慧机场等业务。 结合以往公告来看，2025年1月至11月，远东股份收到子公司中标/签约千万元以上合同订单合计为 250.69亿元，同比增长8.09%，创历史新高。 饱满订单的背后，是公司在三大核心业务板块的深度耕耘与创新突破。在智能缆网领域，公司在稳固传 统市场份额的同时，全力攻坚高附加值赛道，AI融合线缆、机器人专用线缆等产品已实现批量供货。 在智能电池领域，公司聚焦高端、布局海外，储能端的大储、工商业和户储持续增长，同时加速固态/ 钠离子电池研发布局，为长期发展储备技术动能。 智慧机场业务则以基建资质与生态布局双轮驱动，远东股份旗下京航安手握13项民航"全壹级资质"，参 建了长沙黄花国际机场、香港国际机场、尼加拉瓜蓬塔韦特国际机场等海内外重点项目，业务覆盖14个 国家和地区。 远东股份表示，上述合同订单将对公司未来经营业 ...

Core Viewpoint - The article highlights the significant achievements and growth of Far East Group in the battery and energy storage sector, showcasing their successful contracts and innovative product offerings in 2023 [2][3][4]. Group 1: Event Information - The 2025 (10th) Starting Point Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Royal Hotel in Shenzhen, with an expected attendance of over 1,200 in-person participants and 30,000 online viewers [2]. - The event is organized by Starting Point Lithium Battery, Starting Point Solid-State Battery, Starting Point Energy Storage, and Starting Point Research Institute (SPIR) [2]. Group 2: Far East Group's Achievements - On December 1, 2023, Far East Group announced that it secured contracts exceeding 100 million RMB, totaling 2.383 billion RMB in November, representing a year-on-year growth of 33.04% [2]. - From January to November 2023, the total contracts signed by the company amounted to 25.069 billion RMB, reflecting an 8.09% increase year-on-year [2]. Group 3: Smart Battery Business Growth - In November, the smart battery business achieved contracts worth 552 million RMB, marking a substantial year-on-year increase of 975.06% [3]. - The cumulative contracts for the smart battery sector from January to November reached 2.545 billion RMB, with a year-on-year growth of 7.46% [3]. Group 4: Major Projects and Collaborations - Far East Group's battery division successfully connected the largest single-unit scale string energy storage power station in China, a 200MW/800MWh project in Hebei, which includes 40 energy storage units [5]. - The company also signed a 140 million RMB order for European household storage and a 126 million RMB lithium battery project [6]. Group 5: Product Innovations - Far East Group's cylindrical battery products have received multiple international certifications, including CCC, UL, IEC, and UN38.3, ensuring high safety and performance standards [11]. - The 21700-6500mAh cylindrical battery features a high energy density of 310Wh/kg and a cycle life of 1,000 times, with operational temperature ranges from -40°C to 60°C [11]. - The company is accelerating the development of all-solid-state batteries and sodium batteries, focusing on high consistency, safety, and adaptability [13]. Group 6: Market Outlook - With the increasing demand for energy storage solutions, Far East Group is positioned to capitalize on the growing market, aiming to capture a significant share of the 180 million kilowatt market [14].

Group 1 - The company announced that its subsidiary has won contracts exceeding RMB 238,255.74 million in November 2025, which will positively impact future operating performance [2] - The contracts include orders from national and local power grids, positioning the company as a leader in smart cable networks, smart batteries, and smart airports [2] - The company emphasizes that the new contracts will not affect its business independence [2] Group 2 - The company provided a guarantee of RMB 34,650.00 million for its subsidiary, Yuanbo New Materials, to support its supply chain services [7] - The guarantee was approved by the company's board and is within the previously established limit for 2025 [8] - The total amount of guarantees provided by the company is RMB 1,101,004.03 million, with an actual guarantee balance of RMB 752,060.16 million, representing 257.51% and 175.90% of the net assets attributable to shareholders [15]

Group 1: BYD Performance - BYD announced a production of 474,200 new energy vehicles (NEVs) and sales of 480,200 NEVs in November 2025 [1] - Cumulative production for the year reached 4,117,600 units, representing a year-on-year increase of 7.29% [1] - Cumulative sales for the year totaled 4,182,000 units, with a year-on-year growth of 11.30% [1] - In November, BYD exported 131,900 NEVs and installed approximately 27.669 GWh of power batteries and energy storage batteries [1] Group 2: Investment Initiatives - Lushin Venture Capital plans to establish a 400 million yuan investment fund focusing on life sciences, advanced manufacturing, and AI [2] - Chint Electric's wholly-owned subsidiary intends to invest up to 201 million yuan in a green private equity investment fund with a total scale of 700 million yuan [8] Group 3: Corporate Actions - Qianwei Central Kitchen will conduct a shareholder reward activity, offering a product package worth 200 yuan to individual shareholders holding 100 shares or more [3] - Huaxia Happiness plans to use trust beneficiary rights to offset financial debts totaling up to 24 billion yuan as part of its debt restructuring plan [4] - Tailong Pharmaceutical's controlling shareholder is planning a share transfer, leading to a temporary suspension of the company's stock [5] - ST Xianhe has applied to revoke other risk warnings, pending approval from the Shenzhen Stock Exchange [6] - *ST Yuancheng's stock will be delisted due to a market value below 500 million yuan for 20 consecutive trading days [7] Group 4: Sales and Contracts - SAIC Group reported sales of 4,108,000 vehicles from January to November 2025, a year-on-year increase of 16.4% [10] - Geely Automobile's total sales in November reached 310,428 units, marking a 24% increase year-on-year [11] - Far East Holdings' subsidiaries secured contracts worth 2.383 billion yuan in November, positively impacting future earnings [18] - Samsung Medical's subsidiary signed a contract for an annual bidding project in Indonesia worth approximately 160 million yuan [19] - Zhongchao Holdings' subsidiaries recently won contracts totaling 1.318 billion yuan [20] - Changhua Group received a project development notice from a domestic automaker, with an expected total sales amount of approximately 732 million yuan [21]

Group 1: SAIC Motor Corporation - In November, SAIC Motor's total vehicle sales reached 460,800 units, a year-on-year decrease of 3.75% [1] - New energy vehicle sales were 209,400 units, showing a year-on-year increase of 19.75% [1] - Cumulative vehicle sales from January to November reached 4,108,100 units, a year-on-year increase of 16.38% [1] - SAIC's subsidiary plans to establish a private equity fund focused on the smart electric vehicle industry with an initial subscription size of 1.09 billion yuan [1] Group 2: Top Group - Top Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2] - The company is in discussions with relevant intermediaries regarding the specifics of the H-share listing [2] Group 3: Ningbo Fuda - Ningbo Fuda's subsidiary intends to publicly sell 100% equity of its subsidiary, Hekou Yingzhou Cement Company, with an assessed value of 1.5752 million yuan [4] Group 4: Fuguang Co., Ltd. - Fuguang Co., Ltd. plans to sell a 25% stake in its associate company, Xiaotunpai, for 67.2636 million yuan [5] Group 5: Puluo Pharmaceutical - Puluo Pharmaceutical's subsidiary received a drug registration certificate for Amoxicillin and Clavulanate Potassium Tablets, used for various infections [6][7] Group 6: Fosun Pharma - Fosun Pharma's subsidiary received approval to conduct Phase I clinical trials for a dual-specific antibody injection for treating advanced solid tumors [8] Group 7: Far East Group - Far East Group's subsidiaries won contracts totaling 2.383 billion yuan in November [9] Group 8: Samsung Medical - Samsung Medical's subsidiary is expected to win a procurement project from the State Grid worth approximately 124 million yuan [10] Group 9: Changhua Group - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over five years [12] Group 10: Xinbang Intelligent - Xinbang Intelligent's application for issuing shares to acquire Wuxi Yindichip Microelectronics has been accepted by the Shenzhen Stock Exchange [14] Group 11: Jinjing Development - Jinjing Development's subsidiary won a residential and commercial land bid in Tianjin for 474 million yuan [16] Group 12: Guohong Holdings - Guohong Holdings signed an investment framework agreement to develop a strategic emerging industry park in Tanzhou Town [17] Group 13: Hanma Technology - Hanma Technology reported a 149.94% year-on-year increase in truck sales in November, totaling 2,002 units [22] Group 14: Yufeng Group - Yufeng Group decided to terminate its plan to issue A-shares due to the expiration of authorization and market conditions [24] Group 15: Zhenhua Electric - Zhenhua Electric's subsidiary plans to invest up to 201 million yuan in a private equity fund focused on specific industries, including new energy [28] Group 16: Fuao Co., Ltd. - Fuao Co., Ltd. completed the transfer of 40% equity in Fuao Wan'an for 26.222 million yuan [29] Group 17: Baotailong - Baotailong plans to acquire an additional 2.83% stake in its subsidiary, totaling 15 million yuan [31] Group 18: Zhongchao Holdings - Zhongchao Holdings' subsidiaries won projects totaling 1.318 billion yuan [32] Group 19: Annie Co., Ltd. - Annie Co., Ltd. announced a potential change in control, leading to a temporary suspension of its stock [34] Group 20: Ganfeng Lithium - Ganfeng Lithium's subsidiary plans to issue $100 million in exchangeable notes [38]

Core Viewpoint - Far East Holdings (600869) reported significant growth in contract orders, indicating strong business performance and market demand [1] Group 1: Contract Orders Overview - In November 2025, the company received contracts exceeding 10 million RMB totaling 2.383 billion RMB, representing a year-on-year increase of 33.04% and a quarter-on-quarter increase of 124.38% [1] - From January to November, the total contracts exceeding 10 million RMB reached 25.069 billion RMB, marking an 8.09% year-on-year growth and setting a historical high [1] Group 2: Business Segment Performance - The smart cable network business secured contracts totaling 20.286 billion RMB from January to November, reflecting an 11.18% year-on-year increase; in November alone, contracts amounted to 1.663 billion RMB, up 3.52% year-on-year and 93.44% quarter-on-quarter [1] - The smart battery business achieved contracts totaling 2.545 billion RMB from January to November, with a year-on-year growth of 7.46%; November contracts reached 552 million RMB, showing a remarkable year-on-year increase of 975.06% and a quarter-on-quarter increase of 356.36% [1] - The smart airport business recorded contracts totaling 2.238 billion RMB from January to November; in November, contracts were 168 million RMB, reflecting a year-on-year increase of 26.13% and a quarter-on-quarter increase of 106.56% [1]