Market Overview - The Shanghai Composite Index is at 3832.05 points, above the six-month moving average, with a slight increase of 0.10% [1] - The total trading volume of A-shares today is 940.447 billion yuan [1] Stocks Performance - A total of 117 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Kaiwang Technology (9.08%) - Liwang Co., Ltd. (6.87%) - Shenghui Technology (6.51%) [1] - Other stocks that have just crossed the six-month moving average with smaller deviation rates include: - China Merchants Securities - Renxin New Materials - Jihigh Development [1] Detailed Stock Data - The top three stocks with the highest daily increase and their respective metrics are: - Kaiwang Technology: 9.71% increase, 7.19% turnover rate, latest price 38.42 yuan [1] - Liwang Co., Ltd.: 13.11% increase, 12.32% turnover rate, latest price 30.03 yuan [1] - Shenghui Technology: 9.64% increase, 9.67% turnover rate, latest price 7.51 yuan [1] - Additional stocks with notable performance include: - Yuejian Intelligent: 5.39% increase, 1.95% turnover rate, latest price 16.03 yuan [1] - Haixing Electric: 4.15% increase, 1.24% turnover rate, latest price 28.13 yuan [1] Additional Stocks with Minor Deviations - Stocks with minor deviations include: - Lingge Technology: 2.11% deviation [2] - Lixin Energy: 1.98% deviation [2] - Fengshan Group: 1.95% deviation [2]

Core Viewpoint - Solid-state battery concept stocks are experiencing significant gains, indicating a positive market sentiment towards the technology and its future applications in the automotive industry [1] Industry Summary - As of September 29, several solid-state battery stocks, including Wanrun New Energy, Fengshan Group, Shida Shenghua, Xiangtan Electric, and Wanxiang Qianchao, have reached their daily limit up, with Hunan Youneng rising over 18% and Haibo Sichuang increasing over 16% [1] - The solid-state battery technology is expected to see continuous breakthroughs starting from 2025, with multiple automotive companies planning to adopt all-solid-state batteries around 2027, accelerating the industry's commercialization process [1] - The establishment of pilot production lines and the restart of lithium battery expansion cycles are anticipated to improve the fundamentals of equipment companies, leading to a favorable outlook for the industry cycle and technological advancements [1]

固态电池概念29日盘中强势拉升，截至发稿，万润新能20%涨停，海博思创涨超17%续创新高，湖南裕 能涨超13%，丰山集团、天际股份、多氟多等均涨停，亿纬锂能涨约8%，宁德时代涨近4%。 消息面上，日前，清华大学化工系教授张强领衔的团队在锂电池聚合物电解质研究领域取得重要进展， 为开发实用化的高安全性、高能量密度固态锂电池提供了新思路与技术支撑。 得益于优化的界面性能，采用该电解质组装的富锂锰基聚合物电池表现出一系列优异的电化学性能。基 于该电解质构建的8.96Ah（安时）聚合物软包全电池在施加1MPa（兆帕）外压下，能量密度实现跨越 式提升，达到604Wh/kg，远超当下商业化电池。此外，该电池在满充状态下顺利通过针刺与120摄氏度 热箱（静置6小时）安全测试，未出现燃烧或爆炸现象，展现出优异的安全性能。未来，该研究成果有 望为成熟的固态电池产品研发提供重要技术参考。 中信建投证券指出，固态电池作为下一代高性能电池技术，凭借高能量密度、高安全性等显著优势，正 加速从实验室走向产业化。随着政策红利释放、市场需求升级和技术持续迭代，全球固态电池产业已从 实验室研发进展到商业化落地的关键阶段。中国在固态电池领域政策 ...

Core Viewpoint - The solid-state battery concept is gaining traction, with significant stock price increases for companies like Wanrun New Energy, Tianji Co., Duofuduo, and Fengshan Group following recent advancements in lithium battery polymer electrolyte research led by Tsinghua University professor Zhang Qiang [1] Group 1: Industry Developments - Tsinghua University's research team has made important progress in the field of lithium battery polymer electrolytes, providing new ideas and technical support for the development of practical, high-safety, high-energy-density solid-state lithium batteries [1] - The team's findings have been published online in the journal "Nature," highlighting the significance of their research in the battery industry [1] Group 2: Technical Innovations - The research introduces a new design strategy called "rich anion solvation structure," leading to the successful development of a novel fluorinated polyether electrolyte [1] - This electrolyte enhances the physical contact and ionic conductivity at the solid-state interface through a thermally initiated in-situ polymerization technique, significantly improving the high-voltage performance and interface stability of lithium batteries [1]

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。 江苏丰山集团股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开 第四届董事会第十一次会议和第四届监事会第七次会议，于 2025 年 5 月 19 日召 开 2024 年年度股东大会审议通过了《关于 2025 年度公司使用闲置募集资金和自 有资金在非关联方机构进行现金管理的议案》，同意在确保不影响公司募投项目 建设、主营业务的正常开展、日常运营资金周转需要和资金安全的前提下，使用 不超过人民币 30,000 万元的公开发行可转换公司债券闲置募集资金进行现金管 理，用于投资安全性高、流动性好、发行主体有保本约定、单项产品期限最长不 超过十二个月的各种存款、理财产品或中国证监会认可的其他投资品种等（包括 但不限于结构性存款、定期存款、大额存单等产品）。现金管理额度自 2024 年 年度股东大会审议通过之日起 12 个月内有效，公司在上述额度内的资金可循环 滚动使用。具体内容详见公司于 2025 年 4 月 29 日在指定信息披露媒体披露的《关 于 2025 年度使用 ...

Group 1 - Solid-state battery concept stocks experienced a surge followed by a significant decline, indicating volatility in the market [1] - Tongding Interconnection approached a limit down, reflecting investor concerns and market sentiment [1] - Fengshan Group saw a drop of over 7%, highlighting the challenges faced by companies in the solid-state battery sector [1] Group 2 - Other companies such as Chuan Yi Technology, Debang Technology, and Tianli Lithium Energy also reported notable declines, suggesting a broader trend affecting the industry [1]

Core Viewpoint - Fengshan Group has entered a collaboration with Tsinghua University to develop sodium-ion battery electrolytes and solid-state lithium-ion battery electrolytes, which has led to a significant increase in its stock price and prompted major shareholders and executives to terminate their planned share reductions [1][2]. Group 1: Collaboration and Market Reaction - The company signed a technical development contract with Tsinghua University, focusing on sodium-ion battery electrolytes and solid-state lithium-ion battery electrolytes [1]. - Following the announcement, Fengshan Group's stock price surged and hit the daily limit on September 19, 2023 [1]. - On September 21, major shareholders and executives decided to terminate their previously announced share reduction plans, which were initiated in June [1]. Group 2: Share Reduction Details - Between August 12 and September 17, shareholders reduced their stakes: Gu Cuiyue by 23,050 shares (0.14% of total shares), Shan Yongxiang by 31,300 shares (0.19%), and Wu Hancun by 16,740 shares (0.10%) [2]. - The two executives, Shan Yongxiang and Wu Hancun, nearly completed their share reduction plans before the collaboration announcement [2]. Group 3: Business Focus and Financial Performance - Fengshan Group's main business remains in the production, research, and sales of pesticide raw materials and formulations [3]. - The company has faced declining performance since 2020, with consecutive losses expected in 2023 and 2024 due to industry challenges [3]. - In response to operational pressures, the company is pursuing a strategic transformation into the new energy electronic chemical industry [3]. Group 4: Development Challenges - The collaboration with Tsinghua University is in the early research and development stage, with a project timeline extending to December 31, 2028, and significant uncertainties regarding commercialization and technical feasibility [2][3]. - The company’s subsidiary, Jiangsu Fengshan Quannuo New Energy Technology Co., Ltd., is involved in the development of sodium-ion and lithium-ion battery electrolytes, but does not currently engage in solid-state battery electrolyte materials [3].

Group 1 - Global Printing announced that shareholder Hong Kong Yuanshi International Co., Ltd. plans to reduce its stake by up to 3.2004 million shares, accounting for 1% of the total share capital, due to personal funding needs [1] - Sunflower intends to acquire 100% equity of Xi Pu Materials and 40% equity of Zhejiang Beid Pharmaceutical through a combination of share issuance and cash payment, with stock resuming trading on September 22, 2025 [1][2] - Crown Zhong Ecology is planning a change in control, leading to a temporary suspension of its stock and convertible bonds due to significant uncertainties [2] Group 2 - China Oil Engineering's wholly-owned subsidiary signed a $513 million EPC contract for an LNG pipeline project in the UAE, covering approximately 180.5 kilometers of natural gas pipeline with a 36-month construction period [3] - Shanxi Fenjiu announced that shareholder Huachuang Xinrui (Hong Kong) Co., Ltd. plans to reduce its stake by up to 16.2006 million shares, representing no more than 1.33% of the total share capital [4] - Brother Technology's subsidiary received a drug registration certificate for Iopamidol injection, which is included in the national medical insurance catalog [5] Group 3 - Lin Yang Energy is expected to win a bid for a metering equipment project from the State Grid, with an estimated total bid amount of approximately 142 million yuan [6] - Huahai Chengke received approval from the China Securities Regulatory Commission for issuing shares and convertible bonds to purchase assets and raise no more than 800 million yuan in matching funds [8] - Jindi Co. signed a framework agreement to acquire controlling interest in Unico Precision, which specializes in manufacturing gears and automotive parts [10] Group 4 - Ruifeng High Materials announced that its major shareholder plans to reduce its stake by up to 2.4 million shares, accounting for 0.9584% of the total share capital [12] - Changliang Technology's director plans to reduce his stake by 1.05 million shares, representing 0.129% of the total share capital [14] - Zhongjing Food's director plans to reduce his stake by up to 150,000 shares, accounting for 0.10% of the total share capital [16] Group 5 - Haitai Technology announced that two shareholders plan to reduce their stakes by a total of up to 2.53% of the total share capital [18] - Zhenlei Technology's chairman is under detention but the company states that control has not changed and operations remain normal [20] - Huakang Co. plans to distribute a cash dividend of 0.2 yuan per share, totaling approximately 60.61 million yuan [19]

Group 1 - The cobalt export ban in the Democratic Republic of Congo has led to significant impacts on the global cobalt market, with major producers suspending quotes and some halting production due to raw material shortages [1] - If the cobalt export ban is extended, a substantial increase in cobalt prices is expected in the short term [1] - Companies like Luoyang Molybdenum and Hanrui Cobalt are adopting strategies to manage market changes, focusing on resource release and controlling order intake [1] Group 2 - XINWANDA's wholly-owned subsidiary, Qianhai Hongsheng, plans to establish a private equity fund in collaboration with several investment institutions, with a total subscription amount of 30 million yuan, focusing on commercial energy storage projects in China [2] - This investment reflects the company's strategic positioning in the new energy sector and is expected to provide new growth opportunities and investment returns [2] Group 3 - Fengshan Group's collaboration with Tsinghua University on a technology development contract is primarily for research purposes, with significant uncertainty regarding the commercialization of results [3] - The contract does not impact the company's main business, and the current revenue from its sodium-ion and lithium-ion battery electrolyte products is limited due to intense market competition [3] - The company is cautiously expanding into the new energy sector while maintaining focus on its traditional business, with limited contributions from the new energy segment [3]

Group 1 - The cobalt export ban from the Democratic Republic of Congo has led to significant impacts on the global cobalt market, with major producers suspending quotes and some halting production due to raw material shortages [1] - If the cobalt export ban is extended, a substantial increase in cobalt prices is expected in the short term [1] - Companies like Luoyang Molybdenum and Hanrui Cobalt are adopting strategies to manage market changes, focusing on resource release and controlling order intake [1] Group 2 - Xiwanda's wholly-owned subsidiary, Qianhai Hongsheng, plans to establish a private equity fund in collaboration with several investment institutions, with a total subscription amount of 30 million yuan, focusing on commercial energy storage projects in China [2] - This investment reflects the company's strategic positioning in the new energy sector, potentially providing new growth opportunities and investment returns [2] Group 3 - Fengshan Group has signed a technology development contract with Tsinghua University, but the development is highly uncertain and unlikely to significantly impact the company's main business or 2025 performance [3] - The company is currently focused on traditional business areas while cautiously exploring the new energy sector, facing intense competition in the market [3]