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]

特此公告。 广东芳源新材料集团股份有限公司董事会 2025 年 9 月 29 日 广东芳源新材料集团股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日召开第四届董事会第五次会议，审议通过了《关于签订技术出口合作协议的议 案》。公司与某日本企业、目标公司以书面方式签订了合作协议，公司计划通过 技术输出以及参股的形式，以目标公司为项目实施主体，与某日本企业合作在日 本开发和生产 NCMA 系/NCA 系/NCM 系前驱体。公司将向目标公司提供技术和 工艺，并按照项目实施阶段分批次向目标公司收取共计 48 亿日元的技术服务费、 设计费用和运行技术使用费。具体内容详见公司于 2025 年 9 月 26 日在上海证券 交易所网站（www.sse.com.cn）披露的《关于签订技术出口合作协议的公告》（公 告编号：2025-053）。 截至本公告披露日，该事项已通过商务主管部门备案，合作协议中约定的合 同生效条件已满足。公司将根据相关法律法规及时履行信息披露义务，敬请广大 投资者注意投资风险。 | 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-054 | | --- | --- ...

Group 1 - Fangyuan Co., Ltd. (688148) closed at 6.71 yuan on September 26, reaching the daily limit with a trading volume of 2.14 billion yuan and a turnover rate of 6.40% [2] - The stock was listed on the daily trading list due to a price increase of 15% at the close [2] - The top five trading departments accounted for a total transaction of 92.52 million yuan, with a net buying amount of 38.61 million yuan [2] Group 2 - The largest buying department was Kaiyuan Securities Co., Ltd. with a purchase amount of 21.14 million yuan, followed by Guotai Junan Securities with 13.17 million yuan [2] - The leading selling department was Huatai Securities with a selling amount of 9.04 million yuan [2] - The net inflow of main funds for the stock was 51.13 million yuan throughout the day [2]

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]

Core Points - The Shanghai Composite Index closed at 3828.11 points, below the five-day moving average, with a decline of 0.65% [1] - The total trading volume of A-shares reached 216.61 billion yuan [1] - A total of 654 A-shares have prices that surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the five-day moving average are: - Yicheng New Energy (300080) with a deviation rate of 15.08% and a daily increase of 20.10% [2] - Fangyuan Co., Ltd. (688148) with a deviation rate of 14.47% and a daily increase of 20.04% [2] - Weili Transmission (300904) with a deviation rate of 12.65% and a daily increase of 20.00% [2] Trading Activity - The trading turnover rates for the top three stocks with the highest deviation rates are: - Yicheng New Energy at 1.75% [2] - Fangyuan Co., Ltd. at 6.40% [2] - Weili Transmission at 18.91% [2] Additional Stocks - Other notable stocks with significant performance include: - Saiwei Microelectronics (688325) with a deviation rate of 11.34% and a daily increase of 17.99% [2] - Yaowang Technology (002291) with a deviation rate of 8.25% and a daily increase of 9.98% [2] - Dishing Power (603335) with a deviation rate of 7.47% and a daily increase of 10.09% [2]

Group 1 - Fangyuan Co., Ltd. experienced a 20% limit-up in stock price [1] - Penghui Energy saw an increase of over 9% in its stock price [1] - Other companies such as Wanrun New Energy, Huabao New Energy, Xinwanda, Tianhong Lithium Battery, and Zhongwei Co., Ltd. also experienced stock price increases [1]

Group 1 - The core point of the news is that Fangyuan Co., Ltd. experienced a significant stock price increase, reaching a limit up of 20.04% on September 26, with a trading volume of 1.44 billion yuan and a turnover rate of 4.33% [1] - Among the stocks listed on the Sci-Tech Innovation Board, 174 stocks were reported to be rising, with 11 stocks having an increase of over 5%, including Fangyuan Co., Ltd., which saw a notable rise [1] - Conversely, 402 stocks were reported to be declining, with significant drops observed in stocks such as Huichen Co., Ltd. and Hehe Information, which fell by 8.26% and 7.19% respectively [1] Group 2 - In terms of capital flow, Fangyuan Co., Ltd. saw a net outflow of 3.6962 million yuan on the previous trading day, with a total net outflow of 20.6752 million yuan over the past five days [2] - The latest margin trading data as of September 25 indicates that the total margin balance for the stock is 135 million yuan, with a decrease in financing balance by 6.3769 million yuan, representing a decline of 4.52% [2] - The company's semi-annual report released on August 28 shows that it achieved a revenue of 900 million yuan in the first half of the year, a year-on-year decrease of 13.48%, and a net profit of -149 million yuan, a year-on-year decline of 124.85% [2]

Group 1 - The lithium mining sector experienced significant fluctuations, with companies like Zhezhong Co., Ltd. hitting the daily limit up, and Fangyuan Co., Ltd. previously reaching a 20% limit up [1] - Other companies in the sector, such as Xinwangda, Zhongwei Co., Ltd., Huayou Cobalt, and Tibet Mining, also showed notable gains [1]

（文章来源：每日经济新闻） 每经AI快讯，9月26日，电池板块再度走强，芳源股份20%涨停，万润新能、金杨股份、中伟股份、鹏 辉能源跟涨。 ...

Group 1 - The battery sector has strengthened again, with Fangyuan Co., Ltd. hitting a 20% limit up [1] - Other companies such as Wanrun New Energy, Jinyang Co., Ltd., Zhongwei Co., Ltd., and Penghui Energy also experienced gains [1]