Core Viewpoint - The company Shenzhen New Star anticipates a net loss attributable to shareholders of the parent company for the fiscal year 2025, ranging from -69 million to -46 million yuan, indicating a reduction in losses compared to the previous year [1] Financial Performance - The expected net loss represents a decrease in losses by 222.17 million to 245.17 million yuan compared to the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be between -73.5 million and -50.5 million yuan [1] - The previous year's net loss attributable to shareholders was -291.17 million yuan [1] Operational Challenges - The anticipated losses are primarily due to the instability in the new production line and the compressed profit margins of lithium hexafluorophosphate products [1]

Market Performance - The metal new materials sector increased by 1.25% on January 28, with Galaxy Magnet leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Top Gainers - Galaxy Magnet (300127) closed at 36.68, up 7.88% with a trading volume of 307,500 shares and a transaction value of 1.089 billion [1] - Zhongke Magnet (301141) closed at 64.62, up 6.88% with a trading volume of 117,400 shares and a transaction value of 742 million [1] - Dadi Bear (688077) closed at 35.51, up 5.62% with a trading volume of 91,100 shares and a transaction value of 316 million [1] Sector Fund Flow - The metal new materials sector saw a net inflow of 204 million from institutional investors, while retail investors experienced a net outflow of 88.55 million [2] - The main stocks with significant net inflows included XinKe Materials (600255) with 70.33 million and Tianhe Magnetic Materials (603072) with 69.00 million [3] Notable Decliners - Longda Co. (688231) closed at 31.44, down 3.56% with a trading volume of 70,000 shares and a transaction value of 222 million [2] - Sry New Materials (688102) closed at 42.46, down 2.73% with a trading volume of 236,100 shares and a transaction value of 1.004 billion [2]

关于对外担保进展的公告 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： 担保对象及基本情况 | | 被担保人名称 | | 松岩新能源材料（全南）有限公司（以下 | | --- | --- | --- | --- | | | | 简称"松岩新能源"） | | | | 本次担保金额 | 万元 6,000.00 | | | 担保对象 | 实际为其提供的担保余额 | 7,279.48 万元 | | | | 是否在前期预计额度内 | □√是 □否 | □不适用 | | | 本次担保是否有反担保 | □是 □√否 | □不适用 | 累计担保情况（已发生） | 对外担保逾期的累计金额（万元） | 0.00 | | --- | --- | | 截至本公告日上市公司及其控股子公 | 104,597.64 | | 司对外担保余额（万元） | | | 对外担保余额占上市公司最近一期经 审计净资产的比例（%） | 60.44 | | 特别风险提示（如有请勾选） | □对外担保余额超过最近一期经审计净资产 100% | | | □√担保 ...

证券代码：603978 证券简称：深圳新星 公告编号：2026-002 深圳市新星轻合金材料股份有限公司 关于对外担保进展的公告 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： 担保对象及基本情况 | | 被担保人名称 | | 新星轻合金材料（洛阳）有限公司（以下 | | --- | --- | --- | --- | | | | 简称"洛阳新星"） | | | | 本次担保金额 | 5,000.00 | 万元 | | 担保对象 | 实际为其提供的担保余额 | 85,692.14 | 万元 | | | 是否在前期预计额度内 | □√是 | □否 □不适用 | | | 本次担保是否有反担保 | □是 | □√否 □不适用 | 被担保人类型 □√法人 □其他______________（请注明） 被担保人名称 新星轻合金材料（洛阳）有限公司 被担保人类型及上市 公司持股情况 □全资子公司 □√控股子公司 □参股公司 □其他______________（请注明） 主要股东及持股比例 公司持股 84.47%；洛阳工控新 ...

Core Viewpoint - The report highlights the continuous growth and optimization of the supply-demand structure in the Chinese electric vehicle (EV) industry, supported by favorable policies and strong market demand [2][3]. Industry Performance - In December, China's monthly production and sales of new energy vehicles reached 1.718 million and 1.71 million units, respectively, marking year-on-year increases of 12.3% and 7.2% [2][3]. - For the entire year of 2025, cumulative production and sales are projected to reach 16.626 million and 16.49 million units, reflecting year-on-year growth of 29% and 28.2% [2][3]. - New energy vehicle sales are expected to account for 47.9% of total new car sales in the market [2][3]. Supply and Demand Dynamics - The supply side is characterized by the continuous introduction of new products from battery and main engine manufacturers, with positive feedback from demand [2][3]. - The industry has experienced significant price declines, leading to reduced capital expenditures, while the supply-demand balance is improving [2][3]. - The industry is actively optimizing capacity and supply, aiming to stabilize prices and ensure profitability for enterprises [2][3]. Price Trends - The report indicates that the prices within the industry are at a bottom level and are beginning to stabilize and recover [2][3]. - Strong demand and tight supply for certain materials, such as lithium carbonate and lithium iron phosphate, are leading to price increases [2][3]. Investment Strategy - The report maintains a "recommended" rating for the new energy vehicle industry, emphasizing the selection of companies that are expected to deliver excess returns [3]. - Focus areas for investment include robotics, solid-state batteries, battery materials, and liquid cooling technologies [3][4]. Industry Dynamics - Recent price movements in the supply chain include lithium carbonate prices rising to 157,900 CNY/ton, an increase of 12.7% from the previous week [6]. - The Ministry of Industry and Information Technology plans to accelerate breakthroughs in solid-state battery technology by 2026 [7].

Core Insights - The report highlights the continuous optimization of the supply-demand structure in the new energy vehicle (NEV) industry, supported by favorable policies and strong demand feedback, leading to a recovery in prices across the industry chain [3][4] - The report maintains a "recommended" rating for the NEV industry, emphasizing the potential for excess returns in sectors such as solid-state batteries, autonomous driving, and battery materials [4] - The lithium price has seen significant increases, with carbonate lithium and hydroxide lithium prices rising by 12.7% and 12.8% respectively, indicating a bullish trend in the industry [5][34] Market Tracking - In December, China's NEV production and sales reached 1.718 million and 1.71 million units respectively, marking year-on-year increases of 12.3% and 7.2% [3][49] - The NEV market accounted for 47.9% of total new car sales in 2025, reflecting a 7 percentage point increase from the previous year [3][49] - The report notes that the NEV index, lithium battery index, and charging pile index have shown positive growth, with respective weekly increases of 1.29%, 1.50%, and 3.16% [5][22] Lithium Battery Industry Price Tracking - The report details that lithium carbonate prices have increased to 157,900 CNY/ton, while lithium hydroxide prices reached 148,900 CNY/ton, both reflecting significant weekly increases [34][37] - The price of phosphoric iron lithium has risen to 52,400 CNY/ton, up 11.3% from the previous week, indicating strong demand in this segment [34][37] - The report also notes stable prices for aluminum-plastic films and separators, with no significant changes observed [37] Industry Dynamics - The report mentions that the Ministry of Industry and Information Technology aims to accelerate breakthroughs in solid-state battery technology and autonomous driving by 2026 [6][67] - Key developments include the launch of L3-level autonomous driving trials by BAIC New Energy and a partnership between Yuanrong Qixing and an international OEM for L3-level technology [6][67] - The report emphasizes the importance of enhancing the self-controllable capabilities of the supply chain and accelerating the development of key technologies in the NEV sector [67] Key Company Announcements - Haopeng Technology forecasts a revenue of 5.7 to 6 billion CNY for 2025, with a net profit increase of 113.69% to 141.09% [71] - The company plans to invest approximately 1.2 billion CNY in solid-state battery production, aiming to capitalize on the growth opportunities in the sector [72] - The report highlights a significant procurement agreement between Rongbai Technology and CATL for the supply of phosphoric iron lithium materials, valued at over 120 billion CNY [72]

（记者 曾健辉） 每经AI快讯，深圳新星1月16日晚间发布公告称，深圳市新星轻合金材料股份有限公司控股股东、实际 控制人陈学敏先生之一致行动人枝江市岩代投资有限公司持有公司股份数量约为2526万股，占公司总股 本比例为11.97%；本次股份解除质押后，岩代投资累计质押公司股份数量为0股，占其持股数量比例为 0%，占公司总股本的比例为0%。公司控股股东、实际控制人陈学敏先生及其一致行动人合计持有公司 股份数量约为7733万股，占公司总股本比例为36.63%；本次股份解除质押后，控股股东、实际控制人 陈学敏先生及其一致行动人累计质押公司股份数量2000万股，占其持股数量比例为25.86%，占公司总 股本的比例为9.47%。 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ ...

证券代码：603978 证券简称：深圳新星 公告编号：2026-001 深圳市新星轻合金材料股份有限公司 关于控股股东、实际控制人之一致行动人股份解除质 押的公告 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个别及连带责任。 重要内容提示： 公司于2026年1月16日接到控股股东、实际控制人陈学敏先生之一致行动人 岩代投资的通知，获悉其持有的公司股份办理了解除质押手续。具体事项如下： | 股东名称 | | 枝江市岩代投资有限公司 | | --- | --- | --- | | 本次解除质押股份（股） | 5,250,000 | | | 占其所持股份比例 | 20.78% | | | 占公司总股本比例 | 2.49% | | | 解除质押时间 | 年 2026 1 | 月 日 15 | | 持股数量（股） | 25,262,280 | | 一、本次股份解除质押的基本情况如下： | 持股比例 | 11.97% | | --- | --- | | 剩余被质押股份数量（股） | 0 | | 剩余被质押股份数量占其所持股份比例 | 0% | | ...

深圳市新星公告称，2026年1月15日，控股股东、实际控制人陈学敏之一致行动人岩代投资解除质押525 万股，占其所持股份20.78%，占公司总股本2.49%。岩代投资持有公司股份2526.23万股，占总股本 11.97%，本次解质后累计质押数量为0。截至公告披露日，陈学敏及其一致行动人合计持股7733.39万 股，占总股本36.63%，累计质押2000万股，占其持股25.86%，占公司总股本9.47%。本次解质股份后续 可能再质押。 ...

Core Viewpoint - Shenzhen New Star's stock price has experienced a decline of 4.64% year-to-date, with a notable drop of 2.07% on January 9, 2025, indicating potential concerns among investors regarding the company's performance and market conditions [1]. Financial Performance - For the period from January to September 2025, Shenzhen New Star achieved a revenue of 2.324 billion yuan, representing a year-on-year growth of 25.54% [2]. - The company reported a net profit attributable to shareholders of -61.83 million yuan, which reflects a year-on-year increase of 37.02% [2]. Stock Market Activity - As of January 9, 2025, Shenzhen New Star's stock was trading at 26.93 yuan per share, with a total market capitalization of 5.685 billion yuan [1]. - The stock experienced a trading volume of 272 million yuan on January 9, with a turnover rate of 4.69% [1]. - The stock has seen a net outflow of 37.77 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shenzhen New Star increased by 3.62% to 16,500 [2]. - The average number of circulating shares per shareholder decreased by 3.49% to 12,830 shares [2]. Dividend Information - Since its A-share listing, Shenzhen New Star has distributed a total of 42 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, the eighth largest circulating shareholder is the Dongfang Alpha Industry Pioneer Mixed Fund A, holding 1.6514 million shares as a new shareholder [3].