Market Performance - The Sci-Tech Innovation Board (STAR Market) index rose by 1.35%, closing at 1470.41 points, with a total trading volume of 4.943 billion shares and a turnover of 240.198 billion yuan, resulting in a weighted average turnover rate of 2.62% [1] - Among the tradable stocks on the STAR Market, 404 stocks closed higher, with 13 stocks hitting the daily limit up, including Pinming Technology, Wanrun New Energy, and Fuke Environmental Protection [1] - The turnover rate distribution shows that 2 stocks had a turnover rate exceeding 20%, 21 stocks between 10% and 20%, and 69 stocks between 5% and 10% [1] Stock Highlights - The stock with the highest turnover rate was Zhongke Lanyun, which closed up by 8.51% with a turnover rate of 22.06% and a transaction amount of 1.515 billion yuan [3] - Fangyuan Co. closed up by 7.00% with a turnover rate of 21.12% and a transaction amount of 800 million yuan [3] - Other notable stocks with high turnover rates include Xingfu Electronics, Lianyun Technology, and Juhe Materials, with turnover rates of 19.17%, 18.30%, and 16.35% respectively [1][3] Sector Analysis - In terms of sector performance, the electronics sector had the highest number of stocks with a turnover rate exceeding 5%, totaling 43 stocks, followed by the power equipment and computer sectors with 14 and 10 stocks respectively [2] - Among the high turnover stocks, 37 experienced net inflows of main funds, with Dekeli, Jucheng Co., and Wanrun New Energy receiving the most significant net inflows of 154 million yuan, 140 million yuan, and 105 million yuan respectively [2] Leverage Fund Movements - A total of 61 stocks in the high turnover category received net purchases from leveraged funds, with notable increases in financing balances for Zhongxin International, Jinghe Integration, and Baiwei Storage, which saw increases of 971 million yuan, 396 million yuan, and 296 million yuan respectively [2]

Market Overview - As of September 29, the Shanghai Composite Index closed at 3862.53 points, up 34.43 points, with a gain of 0.90% [1] - The Shenzhen Component Index closed at 13479.43 points, up 270.43 points, with a gain of 2.05% [1] - The ChiNext Index closed at 3238.01 points, up 86.48 points, with a gain of 2.74% [1] Stock Performance - A total of 39 A-shares had a turnover rate exceeding 20% on this day, indicating significant trading activity [1] - Notable stocks with high turnover rates include: - C Haocreat (301668) with a turnover rate of 62.30% and a closing price of 58.78 yuan, down 3.73% [1] - C Jianfa Zhi (301584) with a turnover rate of 61.32% and a closing price of 34.12 yuan, up 13.73% [1] - Jin Hua New Materials (920015) with a turnover rate of 53.44% and a closing price of 53.00 yuan, down 3.58% [1] - Other stocks with notable turnover rates include: - C United Motion (301656) at 41.80% and a closing price of 32.77 yuan, up 3.87% [1] - Zhongdian Xinlong (002298) at 39.78% and a closing price of 11.99 yuan, down 6.77% [1] - Chuling Information (300250) at 35.58% and a closing price of 26.40 yuan, up 20.00% [1] Additional Notable Stocks - Huijin Co., Ltd. (300368) had a turnover rate of 33.76% and closed at 19.08 yuan, up 20.00% [1] - Li Hexing (301013) closed at 30.75 yuan with a turnover rate of 33.58%, up 5.56% [1] - Other stocks with significant trading activity include: - Weili Transmission (300904) at 31.67% and a closing price of 85.80 yuan, up 8.24% [1] - Huarun Technology (002453) at 31.36% and a closing price of 7.90 yuan, down 10.02% [1]

Financial Performance - In the first half of 2025, the company reported total revenue of 900 million yuan, a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders was -149 million yuan, with the same figure for net profit excluding non-recurring gains and losses [1] - The net cash flow from operating activities was -55.95 million yuan [1] - In 2024, the company achieved total revenue of 2.161 billion yuan, a year-on-year increase of 2.81% [2] - The net profit attributable to shareholders was -427 million yuan, an improvement from -455 million yuan in the previous year [2] - The net cash flow from operating activities was 739.14 million yuan, compared to -326 million yuan in the previous year [2] Capital Raising Activities - The company was listed on the Sci-Tech Innovation Board on August 6, 2021, issuing 80 million shares at a price of 4.58 yuan per share, raising a total of 366 million yuan [3] - The net amount raised after deducting issuance costs was 301 million yuan, which was 749 million yuan less than the planned amount of 1.05 billion yuan [3] - The funds raised were intended for the production of high-end ternary lithium battery precursors and lithium hydroxide [3] - The company issued convertible bonds totaling 642 million yuan, with a net amount raised of 638.37 million yuan after deducting related fees [4][5] - The total amount raised by the company since its listing is 1.008 billion yuan [5]

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]

融资融券数据显示，该股最新（9月25日）两融余额为1.35亿元，其中，融资余额为1.35亿元，较上一个 交易日减少637.69万元，降幅为4.52%；融券余额为2.63万元，较上一个交易日增加803.00元，增幅为 3.15%。近10日两融余额合计减少132.50万元，降幅为0.97%，其间融资余额下降0.96%，融券余额下降 44.78%。 8月28日公司发布的半年报数据显示，上半年公司共实现营业收入9.00亿元，同比下降13.48%，实现净 利润-1.49亿元，同比下降124.85%。（数据宝） （文章来源：证券时报网） 9月26日盘中科创板股芳源股份涨停，截至09:36，股价报6.71元，成交1.44亿元，换手率4.33%，振幅 10.73%。 科创板个股中，截至发稿上涨的共有174只，涨幅在5%以上的共有11只，涨幅较高的有芳源股份、品茗 科技、聚辰股份等，分别上涨20.04%、20.00%、7.44%，下跌的有402只，跌幅较大的有慧辰股份、合 合信息、宏力达，分别下跌8.26%、7.19%、5.96%。 资金面上，芳源股份上一交易日主力资金净流出369.62万元，近5日净流出2067.52万元。 ...