Core Viewpoint - The solid-state battery sector in the A-share market is experiencing a significant surge, driven by advancements in technology and promising applications in electric vehicles and low-altitude economy sectors [1]. Group 1: Market Performance - Jiangte Electric and Fengshan Group reached their daily limit up, while Dongsheng Technology saw an increase of nearly 8% [1]. - Other companies such as Better Ray, Shangtai Technology, and Xingyuan Materials also experienced gains [1]. - The market capitalization and year-to-date performance of key companies in the sector are as follows: - Jiangte Electric: Market Cap 18.3 billion, YTD Gain 44.80% - Fengshan Group: Market Cap 2.857 billion, YTD Gain 91.15% - Dongsheng Technology: Market Cap 37.5 billion, YTD Gain 72.13% - Better Ray: Market Cap 35 billion, YTD Gain 61.11% - Shangtai Technology: Market Cap 21.4 billion, YTD Gain 21.64% [2]. Group 2: Technological Advancements - Chinese scientists have recently made significant progress in solid-state battery technology, overcoming critical challenges in all-solid-state lithium batteries [1]. - The performance of solid-state batteries has seen a leap forward, with the potential to double the range from 500 kilometers to over 1000 kilometers for a 100-kilogram battery [1].

Market Overview - On October 15, the non-metal materials sector increased by 0.5% compared to the previous trading day, with Suotong Development leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Suotong Development (603612) closed at 25.09, up 3.46% with a trading volume of 154,300 shares and a transaction value of 382 million [1] - Other notable stocks include: - Dongfang Shuosuo (920175) at 12.86, up 2.06% [1] - Bingyang Technology (920675) at 11.24, up 1.90% [1] - Changjiang Materials (001296) at 23.28, up 1.39% [1] - Tianma New Materials (920971) at 39.58, up 1.20% [1] - Lianrui New Materials (688300) at 56.90, up 0.99% [1] Capital Flow - The non-metal materials sector experienced a net outflow of 178 million from institutional investors, while retail investors saw a net inflow of 115 million [2] - The capital flow for individual stocks shows: - Kuncai Technology (603826) had a net inflow of 160.53 million from retail investors [3] - Lianrui New Materials (688300) had a net outflow of 46.39 million from institutional investors [3] - Suotong Development (603612) had a net outflow of 258.89 million from institutional investors [3]

Market Overview - The Shanghai Composite Index closed at 3865.23 points, with a decline of 0.62% [1] - The total trading volume of A-shares reached 25,965.85 billion yuan [1] Technical Analysis - A total of 114 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hongxing Co., Ltd. with a distance of -2.60% [1] - Huayi Technology with a distance of -2.54% [1] - Top Group with a distance of -2.48% [1] Individual Stock Performance - Hongxing Co., Ltd. (001209) saw a decline of 2.11% with a trading turnover of 4.66% [1] - Huayi Technology (688071) experienced a drop of 6.84% with a trading turnover of 5.55% [1] - Top Group (601689) fell by 6.13% with a trading turnover of 2.80% [1] - Other notable declines include: - Green Harmonic (688017) down 7.05% [1] - Fangzheng Electric (002196) down 1.99% [1] - Zhongyou Technology (688648) down 5.32% [1] Additional Stock Movements - Several stocks showed minor declines, including: - ST Huayi (600360) down 0.49% [2] - Olin Biotech (688319) down 7.06% [2] - Qinchuan IoT (688528) down 1.43% [2] - Stocks with slight increases include: - Gujing (000596) up 2.81% [2]

Core Viewpoint - The A-share market is experiencing a decline, with the Shanghai Composite Index down by 0.47% and a total trading volume of 2,104.034 billion yuan as of 14:01 [1]. Group 1: Market Performance - The Shanghai Composite Index is at 3,871.31 points, reflecting a decrease of 0.47% [1]. - A total of 91 A-shares have seen their 5-day moving averages cross below their 10-day moving averages, indicating potential bearish trends [1]. Group 2: Notable Stocks - Hongxing Co. (001209) has a 5-day moving average of 18.33 yuan, down 1.39% today, with a distance of -2.53% from its 10-day moving average [1]. - Huayi Technology (688071) shows a significant drop of 5.62%, with its 5-day moving average at 40.79 yuan, which is -2.43% lower than its 10-day moving average [1]. - Top Group (601689) has decreased by 5.54%, with a 5-day moving average of 73.56 yuan, -2.42% from its 10-day moving average [1].

Core Viewpoint - The stock of Suotong Development has experienced fluctuations, with a year-to-date increase of 87.96% but a recent decline in the last five and twenty trading days [1] Company Overview - Suotong Development Co., Ltd. is located in the Hengyuan Economic Development Zone, Linyi County, Shandong Province, established on August 27, 2003, and listed on July 18, 2017 [1] - The company's main business involves the research, production, and sales of prebaked anodes, with revenue composition as follows: prebaked anodes 90.75%, others 4.57%, negative materials 3.68%, and capacitors 0.99% [1] Financial Performance - For the first half of 2025, Suotong Development achieved operating revenue of 8.306 billion yuan, a year-on-year increase of 28.28%, and a net profit attributable to shareholders of 523 million yuan, a significant year-on-year increase of 1568.52% [2] - The company has distributed a total of 1.148 billion yuan in dividends since its A-share listing, with 629 million yuan distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders of Suotong Development was 55,500, an increase of 10.52% from the previous period, with an average of 8,980 circulating shares per person, a decrease of 9.52% [2] - The top ten circulating shareholders include notable entities such as Guotai Junan and Hong Kong Central Clearing Limited, with changes in their holdings noted [3]

Core Viewpoint - The strategic cooperation between Suotong Development and Sinopec aims to enhance the long-term partnership in the petroleum coke sector, focusing on technological research and resource supply for prebaked anode materials, which are crucial for the aluminum industry [1][5]. Group 1: Strategic Cooperation - Suotong Development and Sinopec have signed an agreement to deepen their long-term strategic cooperation, leveraging their respective strengths in the supply chain [1]. - The collaboration will focus on the research and development of specialized petroleum coke for prebaked anodes, resource assurance, and industry chain synergy [1][2]. Group 2: Importance of Petroleum Coke - Petroleum coke is a key material in the production of prebaked anodes, with its purity and composition directly affecting the performance of the final product and the efficiency of the aluminum industry [1][3]. - The demand for high-quality, specialized petroleum coke is increasing due to the "carbon peak and carbon neutrality" goals, highlighting its strategic importance and high value in the industry [1][3]. Group 3: Innovation and Research Support - The cooperation aims to establish a joint innovation platform to enhance research support for carbon materials used in prebaked anodes, aligning with the industry's needs under the dual carbon goals [2]. - The partnership will facilitate the development of high-performance prebaked anodes, expanding market opportunities in high-tech applications such as aerospace and high-purity aluminum [2][4]. Group 4: Resource Security and Industry Impact - The strategic relationship will provide long-term stability in resource supply, mitigating risks associated with market fluctuations in raw materials [3]. - The collaboration is expected to transform the petroleum coke industry from a resource-driven model to a technology-driven one, enhancing resource utilization efficiency and industry value [5].

索通发展股份有限公司 2025 年第四次临时股东会会议资料 索通发展股份有限公司 2025 年第四次临时股东会 会议资料 2025 年 10 月 1 索通发展股份有限公司 2025 年第四次临时股东会会议资料 目录 一、2025 年第四次临时股东会参会须知 二、2025 年第四次临时股东会基本情况及会议议程 三、2025 年第四次临时股东会会议议案 1.关于取消监事会、修订《公司章程》及办理工商变更登记手续的议案 2.关于修订公司部分治理制度的议案 2 索通发展股份有限公司 2025 年第四次临时股东会会议资料 索通发展股份有限公司 2025 年第四次临时股东会参会须知 为了维护全体股东的合法权益，确保现场股东会的正常秩序和议事效率，保 证现场会议的顺利进行，根据《公司法》《上市公司股东会规则》等有关法律法规 和《公司章程》的规定，现就索通发展股份有限公司 2025 年第四次临时股东会参 会须知明确如下： 一、为确认出席会议的股东及股东代表或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、股东及股东代表应于会议开始前十分钟入场；中途入场者，应经过会议 工作 ...

Market Overview - The non-metal materials sector experienced a decline of 1.58% on October 10, with Quartz Co. leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers in the non-metal materials sector included: - Dongfang Huishang: closed at 12.50, up 2.12% with a trading volume of 105,100 shares [1] - Qilu Huaxin: closed at 8.24, up 1.85% with a trading volume of 22,700 shares [1] - Lianrui New Materials: closed at 63.40, up 1.28% with a trading volume of 66,900 shares [1] - Significant decliners included: - Quartz Co.: closed at 41.00, down 5.36% with a trading volume of 215,700 shares [2] - Power Diamond: closed at 34.92, down 1.74% with a trading volume of 291,400 shares [2] Capital Flow - The non-metal materials sector saw a net outflow of 215 million yuan from institutional investors, while retail investors contributed a net inflow of 133 million yuan [2][3] - The capital flow for key stocks showed: - Lianrui New Materials: net inflow of 1.7753 million yuan from institutional investors [3] - Quartz Co.: net outflow of 13.17 million yuan from institutional investors [3] - Longgao Co.: net outflow of 4.3353 million yuan from institutional investors [3]

Core Insights - The non-metal materials sector experienced a significant increase of 3.15% on October 9, with LiLiang Diamond leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Sector Performance - LiLiang Diamond (301071) saw a closing price of 35.54, with a remarkable increase of 12.29% and a trading volume of 210,400 shares, resulting in a transaction value of 725 million [1] - Other notable performers included: - Quartz Co. (603688) with a closing price of 43.32, up 7.02%, and a transaction value of 1.358 billion [1] - Ningxin New Materials (920719) closed at 15.75, up 3.35%, with a transaction value of 100 million [1] - Tianma New Materials (920971) closed at 40.13, up 3.24%, with a transaction value of 154 million [1] Capital Flow - The non-metal materials sector saw a net inflow of 55.19 million from institutional investors, while retail investors contributed a net inflow of 45.80 million [2] - Notably, the sector experienced a net outflow of 101 million from speculative funds [2] Individual Stock Capital Flow - LiLiang Diamond had a net inflow of 71.17 million from institutional investors, while it faced a net outflow of 65.17 million from retail investors [3] - Quartz Co. experienced a net inflow of 45.90 million from institutional investors, but a net outflow of 80.30 million from speculative funds [3] - Longgao Co. (605086) had a net outflow of 2.06 million from institutional investors, while retail investors contributed a net inflow of 1.90 million [3]

Core Viewpoint - The stock of Suotong Development (603612.SH) experienced a decline of 4.92%, reaching a price of 25.29 yuan, following an announcement regarding a planned share reduction by a major shareholder [1] Company Summary - As of the announcement date, the shareholder Ningbo Ningju Asset Management Center (Limited Partnership) - Ningju Yingshanhong No. 3 holds 27.1 million shares, representing 5.44% of the company [1] - The shareholder plans to reduce its holdings by up to 4.98 million shares, which is no more than 1% of the company's total share capital, between October 30, 2025, and January 29, 2026 [1] - The reduction will be executed through centralized bidding, with the selling price determined by market conditions [1]