Core Viewpoint - The company has successfully implemented a share repurchase plan proposed by its actual controller, chairman, and general manager, Chen Xueming [1] Group 1: Share Repurchase Details - The total number of shares repurchased is 1.6174 million, which accounts for 0.77% of the total share capital [1] - The total amount spent on the repurchase is 30.0012 million yuan [1] - The repurchase price range was between 9.33 yuan per share and 39.47 yuan per share [1] Group 2: Purpose of Repurchase - The repurchased shares will be used for employee stock ownership plans or equity incentives [1]

Group 1 - The PVDF concept sector experienced a decline of 3.53%, ranking among the top declines in the concept sector, with stocks like Putailai and Duofluoride hitting the daily limit down [1] - Major stocks within the PVDF concept, such as Duofluoride and Putailai, saw significant drops, with Duofluoride down by 9.99% and Putailai also down by 9.99% [2][3] - The PVDF concept sector faced a net outflow of 2.148 billion yuan, with 14 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 30 million yuan, led by Duofluoride with a net outflow of 1.436 billion yuan [2] Group 2 - Other concept sectors showed varied performance, with the Xiaohongshu concept rising by 3.16% and the sodium-ion battery concept declining by 3.76% [2] - The top net inflow stocks included Dongyangguang, Jinming Precision Machinery, and Shengjingwei, with net inflows of 33.5148 million yuan, 4.946 million yuan, and 254,300 yuan respectively [2][3] - The trading volume for Duofluoride was notably high, with a turnover rate of 20.77% alongside a significant net outflow of 1.436 billion yuan [2]

Core Points - Shenzhen Xinxing announced that its wholly-owned subsidiary, Ganzhou Songhui Fluorine New Materials Co., Ltd., has completed the main construction and equipment installation of a project with an annual production capacity of 10,000 tons of boron trifluoride gas and 20,000 tons of boron trifluoride complex [2] Group 1 - The project has passed expert review and received approval for trial production [2] - The project is now ready for trial production [2]

Group 1 - Ningde Times announced an inquiry transfer price of 376.12 yuan per share, representing a 3.8% discount from the closing price [1] - The inquiry transfer shares have been fully subscribed, with 16 institutional investors as the preliminary transferees, totaling 45,632,363 shares [1] Group 2 - Trina Solar's subsidiary, Trina Energy Storage, signed sales contracts for a total of 2.66 GWh of energy storage products with clients in North America, Europe, and Latin America, including 1.08 GWh with North American clients [2] - The successful execution of these contracts is expected to positively impact the company's future operating performance [2] Group 3 - Tianpu Co. received a takeover offer report from Zhonghao Xinying, with a proposed acquisition price of 23.98 yuan per share [3] - After the completion of the share transfer and capital increase, Zhonghao Xinying and its concerted parties will control 68.29% of the company, triggering a mandatory takeover obligation [3] Group 4 - Shengke Communication's shareholder, the National Integrated Circuit Industry Investment Fund, reduced its stake by 2.49%, amounting to 10,189,100 shares [4] - The reduction plan has concluded as of November 17, 2025 [4] Group 5 - Kexin Information is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [5] - The company stated that all business activities are operating normally and will cooperate with the investigation [5] Group 6 - Hanjia Design's subsidiary chairman, Shen Gang, has been placed under investigation and detention, but the company's daily operations remain unaffected [6] - The management team continues to oversee normal business activities [6] Group 7 - Shengyi Electronics plans to raise no more than 2.6 billion yuan through a private placement to fund projects including an AI computing HDI production base and to supplement working capital [7] - The issuance will target up to 35 specific investors as defined by the China Securities Regulatory Commission [7] Group 8 - Shenzhen New Star's wholly-owned subsidiary has received approval for trial production of a boron trifluoride project, which will be used in lithium batteries and solid-state battery additives [9] - The project has completed construction and installation, and is now ready for trial production [9] Group 9 - Huaxia Happiness has been designated a temporary administrator for pre-restructuring by the Langfang Intermediate People's Court, pending a decision on its restructuring application [10] - The company is committed to maintaining normal operations regardless of the restructuring outcome [10] Group 10 - Tianfu Communication has set an inquiry transfer price of 140 yuan per share, reflecting a 7.2% discount from the closing price [11] - The transfer will not occur through centralized bidding and has a six-month transfer restriction for the transferee [11] Group 11 - Yinglian Co. signed a strategic procurement contract for over 50 million square meters of composite aluminum foil materials for quasi-solid-state and semi-solid-state batteries with a new energy technology company [12] - The contract is expected to positively influence the company's operations in 2026-2027 [12] Group 12 - Purun Co. plans to acquire a 31% stake in Noah Changtian for 144 million yuan, achieving indirect control over high-performance flash memory company SHM [13] - The acquisition will enhance Purun's position in the semiconductor industry [13] Group 13 - Alibaba Network reduced its stake in Aojie Technology by 423,920 shares, decreasing its holding from 15% to 13.99% [14] Group 14 - ST Zhongdi's stock will resume trading on November 18, 2025, after a review confirmed normal business operations following a significant price increase [15][16]

Core Viewpoint - Multiple A-share companies have announced positive developments, particularly in the lithium battery and energy storage sectors, indicating potential growth opportunities in these industries [1][6]. Group 1: Company Announcements - Yongtai Technology's subsidiary in Inner Mongolia has received approval for a trial production plan for a lithium battery additive project with an annual capacity of 5,000 tons, which will double the company's VC (Vinyl Carbonate) production capacity to 10,000 tons per year [3][4]. - Trina Solar's subsidiary, Trina Storage, has signed contracts for a total of 2.66 GWh of energy storage products with clients in North America, Europe, and Latin America, which is expected to positively impact the company's future performance [6]. - Shenzhen New Star's subsidiary has received approval for trial production of a project that will produce 10,000 tons of boron trifluoride gas and 20,000 tons of boron trifluoride complexes, enhancing the company's product offerings and competitive edge [6][7]. - Yinglian Co. has signed a strategic procurement contract for over 50 million square meters of composite aluminum foil materials for quasi-solid-state batteries, indicating a strong collaboration in the battery materials supply chain [7]. Group 2: Market Trends - The price of Vinyl Carbonate (VC) has surged to 132,500 CNY per ton, reflecting a 23% increase from the previous day and a 102% increase from the previous week, driven by a supply-demand mismatch in the market [4]. - Related stocks, such as Yongtai Technology and Furui Shares, have seen significant price increases, with Furui Shares achieving a consecutive eight-day trading limit increase [4]. - Despite the positive market trends, Furui Shares has cautioned that its subsidiary's revenue from lithium battery additives is relatively small, accounting for only 4.38% of total revenue in the first three quarters of 2025, which may limit the overall impact on the company's performance [4].

Core Viewpoint - Shenzhen New Star (603978.SH) announced that its wholly-owned subsidiary, Ganzhou Songhui Fluorine New Materials Co., Ltd., has completed the main construction and equipment installation of a project with an annual production capacity of 10,000 tons of boron trifluoride gas and 20,000 tons of boron trifluoride complex, which is now ready for trial production [1] Group 1 - The project has received expert review approval for its trial production plan and conditions [1] - Boron trifluoride is primarily used in pharmaceuticals, semiconductors (special electronic gases), nuclear power radiation protection, lithium batteries, solid-state battery additives, and high-end chip etching [1] - Boron trifluoride is also a raw material for boron-10 isotopes, which are mainly used in nuclear reactor control agents and fast reactor control rods, as well as nuclear waste treatment [1]

Core Viewpoint - Shenzhen New Star (603978.SH) announced that its wholly-owned subsidiary, Ganzhou Songhui Fluorine New Materials Co., Ltd., has completed the main construction and equipment installation of a project with an annual production capacity of 10,000 tons of boron trifluoride gas and 20,000 tons of boron trifluoride complex, and is now ready for trial production [1] Company Summary - The project has passed expert review for trial production plans and conditions, receiving approval for trial production [1] - The main applications of boron trifluoride include pharmaceuticals, semiconductors (special electronic gases), nuclear power radiation protection, lithium batteries, solid-state battery additives, and high-end chip etching [1] - Boron trifluoride is also a raw material for boron-10 isotopes, which are primarily used in nuclear reactor control agents, fast reactor control rods, and nuclear waste treatment [1]

募集资金管理办法 深圳市新星轻合金材料股份有限公司 募集资金管理办法 为规范深圳市新星轻合金材料股份有限公司（以下简称"公司"）募集资金 的存放、使用和管理，保证募集资金的安全，最大限度地保障投资者的合法权益， 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司募集资金监管规则》、《上 海证券交易所股票上市规则》、《上海证券交易所上市公司自律监管指引第1号 —规范运作》等法律法规和规范性文件的规定，结合公司实际情况，特制定本办 法。 第一章 总 则 第一条 本办法所称募集资金，是指公司通过发行股票或者其他具有股权性 质的证券，向投资者募集并用于特定用途的资金，但不包括公司为实施股权激励 计划募集的资金。本办法所称超募资金是指实际募集资金净额超过计划募集资金 金额的部分。 第二条 发行股票、可转换债券或其他证券的募集资金到位后，公司应及时 办理验资手续，由会计师事务所出具验资报告。 第三条 募集资金只能用于公司在发行申请文件中承诺的募集资金投资项目 （以下简称"募投项目"）。公司变更募投项目必须经过股东会批准，并履行信 息披露义务和其他相关法 ...

第一章总则 董事和高级管理人员薪酬管理制度 深圳市新星轻合金材料股份有限公司 董事和高级管理人员薪酬管理制度 第二章 管理机构 第四条 公司董事会薪酬与考核委员会负责制定董事、高级管理人员的考核 标准并进行考核，制定、审查董事、高级管理人员的薪酬决定机制、决策流程、 支付与止付追索安排等薪酬政策与方案，并就下列事项向董事会提出建议： （一）董事、高级管理人员的薪酬； （二）制定或者变更股权激励计划、员工持股计划，激励对象获授权益、行 使权益条件的成就； 第一条 为进一步规范深圳市新星轻合金材料股份有限公司（以下简称"公 司"）董事和高级管理人员薪酬的管理，建立科学有效的激励与约束机制，充分 调动公司董事和高级管理人员的工作积极性和创造性，促进公司的持续健康发展， 根据《中华人民共和国公司法》《上市公司治理准则》等有关法律、法规、规范 性文件及《深圳市新星轻合金材料股份有限公司章程》（以下简称《公司章程》） 等有关规定，结合公司实际情况，制定本制度。 第二条 适用本制度的董事、高级管理人员包括：公司董事、总经理、副总 经理、财务总监、董事会秘书以及《公司章程》规定的其他人员。 第三条 公司董事和高级管理人员的薪 ...

关联交易决策制度 深圳市新星轻合金材料股份有限公司 关联交易决策制度 第一章 总则 第一条 为保证深圳市新星轻合金材料股份有限公司（以下简称"公司"）与关 联方之间的关联交易符合公平、公正、公开的原则，确保公司的关联交易行为不损 害公司和非关联股东的合法权益，根据《中华人民共和国公司法》《中华人民共和 国证券法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管 指引第5号—交易与关联交易》《企业会计准则第36号—关联方披露》等有关法律、 法规、规范性文件及公司章程的有关规定，制定本制度。 第二条 公司与关联方之间的关联交易行为除遵守有关法律、法规、规范性文件 和《公司章程》的规定外，还需遵守本制度的有关规定。 第二章 关联方和关联关系 第三条 公司关联方包括关联法人（或其他组织）和关联自然人。 第四条 具有以下情形之一的法人（或其他组织），为公司的关联法人（或其他 组织）： （一）直接或间接地控制公司的法人（或其他组织）； （二）由前项所述法人（或其他组织）直接或间接控制的除公司、控股子公司 及控制的其他主体以外的法人（或其他组织）； （三）由本制度第五条所列公司的关联自然人直接或间接控制的，或 ...