Core Viewpoint - TCL Technology focuses on the development of semiconductor displays and new energy photovoltaics, aiming for sustainable high-quality growth by enhancing supply chain resilience and efficiency [1] Group 1: Investment and Restructuring - TCL Technology, through its subsidiary TCL Xiamen Investment, has formed a joint investment group with New Yangzi Trading, New Yang Ship Investment, and China Orient Shenzhen to participate in the bankruptcy restructuring of Shanshan Group and its wholly-owned subsidiary Ningbo Pengze [1] - The joint investment group has been confirmed as the restructuring investor and signed a restructuring investment agreement on September 29, 2025 [1] - TCL Xiamen Investment's investment amount in this restructuring will not exceed RMB 500 million [1] Group 2: Share Acquisition - Upon completion of the restructuring, TCL Xiamen Investment will acquire 43,700,900 shares of Shanshan Co., representing 1.94% of the total share capital of Shanshan Co. [1] - The voting rights of these shares will be fully entrusted to the investment platform of the investors [1]

Group 1 - Investment Target: TCL Technology, through its subsidiary TCL Xiamen Investment, is participating in the restructuring of Shanshan Group by acquiring a portion of Shanshan Co., Ltd. (600884) shares [1] - Investment Amount: TCL Xiamen Investment will invest no more than 500 million RMB [1] - Acquisition Scale: The acquisition involves purchasing 43,700,900 shares of Shanshan Co., Ltd. at a price of 11.441411 RMB per share, representing 1.94% of the total share capital [1] Group 2 - Joint Investment Partners: TCL Xiamen Investment is collaborating with New Yangzi Trading, New Yangzi Shipping Investment, and China Orient Shenzhen Branch as part of a joint investment group [1] - Voting Rights Arrangement: The voting rights of the shares acquired by TCL Xiamen Investment will be fully entrusted to the investor holding platform [1] - Payment Method: The payment will be made in stages, including a performance deposit of approximately 100 million RMB, with the remaining amount to be paid based on the progress of the restructuring [1] Group 3 - Business Synergy: Shanshan Co., Ltd. is a major supplier for TCL Technology's semiconductor display business, and this investment is expected to enhance supply chain stability [1] - Main Risk: The restructuring plan requires approval from the creditors' meeting and the court, introducing uncertainty; the completion timeline is also uncertain [1]

Group 1 - As of September 30, the metal nickel concept increased by 3.25%, ranking fifth among concept sectors, with 30 stocks rising, including Shengtun Mining, Boqian New Materials, and China Metallurgical Group, which hit the daily limit [1] - Notable gainers in the nickel sector included Huayou Cobalt, which rose by 9.38%, Luoyang Molybdenum by 6.51%, and Shanshan Co. by 5.37% [1] - The stocks with the largest declines included Hailiang Co., YH Precision, and Xiamen Xinda, which fell by 1.89%, 1.26%, and 1.06% respectively [1] Group 2 - The metal nickel sector saw a net inflow of 1.093 billion yuan, with 15 stocks receiving net inflows, and 5 stocks exceeding 100 million yuan in net inflows [2] - Huayou Cobalt led the net inflow with 719 million yuan, followed by China Metallurgical Group with 438 million yuan, Shengtun Mining with 347 million yuan, and Luoyang Molybdenum with 240 million yuan [2] - The inflow ratios for China Metallurgical Group, Jinyuan Co., and China First Heavy Industries were 23.86%, 16.33%, and 7.79% respectively [3] Group 3 - The top performers in the nickel concept included Huayou Cobalt with a 9.38% increase and a turnover rate of 8.32%, and China Metallurgical Group with a 10.00% increase and a turnover rate of 2.74% [3] - Shengtun Mining and Luoyang Molybdenum also performed well, with increases of 10.02% and 6.51% respectively [3] - Stocks such as Hailiang Co. and Xiamen Xinda experienced declines, with Hailiang Co. down by 1.89% and Xiamen Xinda down by 1.06% [5]

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - By 2035, new energy vehicles will become the mainstream of newly sold vehicles in China, with the net greenhouse gas emissions in the entire economic scope decreasing by 7%-10% from the peak, non-fossil energy consumption accounting for over 30% of the total energy consumption, and other goals to be achieved [1][109][118]. - The penetration rate of the Chinese new energy vehicle market exceeded 30% in 2023 and 50% in 2024. In 2025, high - competitiveness new car products are continuously launched, and price wars are gradually stopped. Overseas markets face trade protectionism in Europe and the United States, so attention should be paid to new growth points such as countries along the Belt and Road and the Middle East. The market share of independent brands continues to expand [3][120]. 3. Summary According to Relevant Catalogs 3.1 Financial Market Tracking - The one - week price changes of related sectors and listed companies are presented in charts. For example, BYD's one - week price decline was 1.65%, while Seres' was 9.48% [12][15]. 3.2产业链数据跟踪 3.2.1 China New Energy Vehicle Market Tracking - **Sales and Exports**: Data on China's new energy vehicle sales, penetration rate, domestic sales, exports, and sales of EV and PHV are presented in charts [16][21][23]. - **Inventory Changes**: Charts show the monthly new additions to new energy passenger vehicle channel inventory and manufacturer inventory [24][25]. - **Delivery Volumes of Chinese New Energy Vehicle Enterprises**: Monthly delivery volumes of enterprises such as Leapmotor, Li Auto, XPeng, NIO, etc., are presented in charts [27][28][32]. 3.2.2 Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: From January to July, global new energy vehicle sales reached 9.233 million, a year - on - year increase of 25.9%. Except for China, Europe and other regions also had significant growth, with year - on - year increases of 29.5% and 53.4% respectively [2]. - **European Market**: Data on European new energy vehicle sales, penetration rate, and sales of EV and PHV in countries like the UK, Germany, and France are presented in charts [44][50][55]. - **North American Market**: In August, US new energy vehicle sales and penetration rate reached record highs. Due to the expiration of the federal electric vehicle tax credit on September 30, high market enthusiasm is expected to continue in September, followed by a sharp decline. Data on North American new energy vehicle sales, penetration rate, and sales of EV and PHV are presented in charts [2][119]. - **Other Regions**: Data on new energy vehicle sales, penetration rate, and sales of EV and PHV in regions such as Japan, South Korea, and Thailand are presented in charts [62][70][72]. 3.2.3 Power Battery Industry Chain - Data on power battery installation volume, export volume, weekly average price of battery cells, material costs, and the operating rates and prices of various battery materials are presented in charts [79][81][85]. 3.2.4 Other Upstream Raw Materials - Data on the daily prices of rubber, glass, steel, and aluminum are presented in charts [102][103][104]. 3.3 Hot News Summaries 3.3.1 China: Policy Dynamics - By 2035, new energy vehicles will become the mainstream of newly sold vehicles in China. From 2026, export license management will be implemented for pure - electric passenger vehicles [109]. 3.3.2 China: Industry Dynamics - From September 1 - 21, new energy vehicle retail sales increased by 10% year - on - year, and cumulative retail sales since the beginning of the year increased by 24%. In the 38th week (September 15 - 21), new energy passenger vehicle retail sales were 299,000, a year - on - year increase of 5.9%, and cumulative retail sales since the beginning of the year were 8.214 million, a year - on - year increase of 23.0% [111][112][113]. 3.3.3 China: Enterprise Dynamics - Chery Automobile was listed on the Hong Kong Stock Exchange, raising HK$9.14 billion. Li Auto and Sunwoda Power jointly established a battery company [114]. 3.3.4 Overseas: Policy Dynamics - Australia announced a 2035 emission reduction target, aiming to reduce emissions by 62 - 70% compared to 2005. The US lowered the import tariff on EU cars to 15%, and Turkey imposed new tariffs on imported passenger cars [114][116][119]. 3.3.5 Overseas: Enterprise Dynamics - BYD's Brazilian factory obtained an international green certificate. Porsche adjusted its product strategy, slowing down electrification and lowering its 2025 performance expectations [117][118]. 3.4 Investment Advice - Pay attention to new growth points such as countries along the Belt and Road and the Middle East. Focus on enterprises with strong product capabilities, smooth overseas expansion, and stable supply [3][120].

该综合体建筑面积约为20万平方米，引进超230个店铺并配备超2000个停车位，带来"购物盒子"+"主题街区"+"购 物盒子"+"停车楼"的沉浸式购物体验。 国庆黄金周期间，长沙杉杉奥莱准备了一系列精彩活动。9月29日至10月5日，每日19时30分将在33里巷中庭推 出"超月想象音乐会"。 40余个品牌首进湖南奥莱 长沙杉杉奥特莱斯整体设计融入了岳麓山、浏阳河、橘子洲、长沙城等"山水洲城"的湖南本地文化元素灵感，营 造出兼具国际风尚与湖湘韵味融合的体验。 "感觉很好逛，款式好看，折扣也不错。"长沙市民李女士分享了自己的"首逛"体验，认为这家综合体打破了对奥 特莱斯既有的"过季款式"印象。 与传统购物中心不同，奥特莱斯业态的核心魅力在于"名品+折扣"的独特模式。而此次开业，长沙杉杉奥莱共计引 进了超230个国际国内知名品牌，涵盖了奢侈品、国际名品、潮流服饰、精品男女装、运动户外及儿童配套等多个 品类。其中，有40余个品牌为首次进入湖南奥莱，超过30个品牌开出旗舰店规模门店。 长沙晚报掌上长沙9月28日讯（全媒体记者 刘捷萍）记者9月27日获悉，国内首个融合"会展经济+奥莱业态"的商 业综合体长沙杉杉奥特莱斯，9月 ...

来源：市场资讯 （来源：石墨邦） 日前，上海杉杉科技与全球领先的矿物产品供应商益瑞石公司 (Imerys) 建立战略合作伙伴关系。双方将在欧洲携手建立高性能负极材料的本土化供应链， 共同为欧洲大陆未来电动汽车 (EV) 和储能发展贡献力量。 市场需求的有力支撑 此次合作双方将通过稳定高效的生产规模及强有力的供应保障体系，全力满足欧洲电动汽车和储能领域在能源转型下快速增长的市场需求。 Frank Wittchen 益瑞石石墨和碳公司总经理 "杉杉是全球排名第一的人造石墨负极生产商。与杉杉这样实力强劲、经验丰富的中国石墨行业领导者建立战略合作伙伴关系，对于构建欧洲电池价值链 至关重要。这将提供必要的工业规模和供应安全保障，以支持欧洲能源转型的庞大市场需求。" 丁晓阳 上海杉杉新材料科技有限公司执行总经理 打造富有韧性的欧洲供应链 杉杉与Imerys将着力构建安全、可持续且具有竞争力的区域性人造石墨负极材料供应体系，通过技术创新与本地化生产，更高效、更可持续地服务欧洲及 全球市场。 规模化的创新研发 通过结合杉杉全球领先的负极技术与Imerys深厚的材料科学实力，双方正在共同开发一系列负极石墨产品，旨在优化产品性能 ...

Market Overview - The battery sector experienced a decline of 2.31% on the previous trading day, with Naconor leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the battery sector included: - Fangyuan Co., Ltd. (688148) with a closing price of 6.71, up 20.04% [1] - Huazi Technology (300490) at 12.56, up 15.44% [1] - Tianji Co., Ltd. (002759) at 16.30, up 9.99% [1] - Conversely, Naconor (832522) saw a significant decline of 7.66%, closing at 65.71 [2] - Other notable decliners included Honggong Technology (301662) down 7.47% and Kuoguli (301487) down 6.91% [2] Trading Volume and Capital Flow - The battery sector saw a net outflow of 4.296 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.169 billion yuan [2][3] - The trading volume for Fangyuan Co., Ltd. reached 326,400 shares, with a transaction value of 214 million yuan [1] - Huazi Technology had a trading volume of 1,035,900 shares, with a transaction value of 1.273 billion yuan [1] Capital Inflow Analysis - Tianji Co., Ltd. (002759) had a net inflow of 478 million yuan from institutional investors, representing 30.17% of its total trading [3] - Shanshan Co., Ltd. (600884) saw a net inflow of 256 million yuan, accounting for 12.87% [3] - Conversely, Naconor experienced a net outflow of 740 million yuan from institutional investors [3]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2024 年 12 月 24 日，宁波杉杉股份有限公司（下称"公司"）控股股东杉杉 集团有限公司（下称"杉杉集团"）所持公司 287,012,036 股股份（两次轮候冻 结）被宁波高新技术产业开发区人民法院轮候冻结。2025 年 9 月 16 日，上述被 轮候冻结的股份中有 287,012,036 股已被解除轮候冻结。具体详见公司于 2024 年 12 月 26 日、2025 年 9 月 19 日在上海证券交易所网站发布的相关公告。 公司于近日获悉，上述股份中剩余被轮候冻结的 287,012,036 股股份亦已被 解除轮候冻结，现将有关事项公告如下： 证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-072 宁波杉杉股份有限公司 关于控股股东部分股份解除轮候冻结的公告 浙江省宁波市鄞州区人民法院已于 2025 年 3 月 20 日裁定杉杉集团及其下属 全资子公司宁波朋泽贸易有限公司（下称"朋泽贸易"）进行实质合并重整，并 指定北京市中伦（上海）律师事务所、浙江甬 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600884 证券简称：杉杉股份（维权） 公告编号：临2025-071 宁波杉杉股份有限公司 关于间接控股股东部分股份被司法拍卖的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次被司法拍卖的股份为宁波杉杉股份有限公司（下称"公司"）间接控股股东杉杉控股有限公司（下 称"杉杉控股"）持有的公司无限售流通股4,260,200股，占其持有公司股份总数的11.50%，占公司总股本 的0.19%。目前上述股份处于冻结状态。 ● 本次被司法拍卖的股份已完成竞拍，后续尚涉及缴款、股权变更过户等环节，其最终结果尚存在不确 定性，最终成交以上海市浦东新区人民法院出具的拍卖成交裁定为准。公司将持续关注上述事项的进 展，严格按照相关法律、法规及规范性文件的要求及时履行信息披露义务，敬请广大投资者理性投资， 注意投资风险。 前期，公司披露了杉杉控股持有的公司4,260,200股无限售流通股已被上海市浦东新区人民法院裁定拍 卖、变卖，并将于2025年9月20日 ...

关于间接控股股东部分股份被司法拍卖的进展公告 证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-071 宁波杉杉股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次被司法拍卖的股份为宁波杉杉股份有限公司（下称"公司"）间接控 股股东杉杉控股有限公司（下称"杉杉控股"）持有的公司无限售流通股 4,260,200 股，占其持有公司股份总数的 11.50%，占公司总股本的 0.19%。目前 上述股份处于冻结状态。 本次被司法拍卖的股份已完成竞拍，后续尚涉及缴款、股权变更过户等 环节，其最终结果尚存在不确定性，最终成交以上海市浦东新区人民法院出具的 拍卖成交裁定为准。公司将持续关注上述事项的进展，严格按照相关法律、法规 及规范性文件的要求及时履行信息披露义务，敬请广大投资者理性投资，注意投 资风险。 前期，公司披露了杉杉控股持有的公司 4,260,200 股无限售流通股已被上海 市浦东新区人民法院裁定拍卖、变卖，并将于 2025 年 9 月 20 日 10 时起至 2025 年 9 月 ...