Group 1 - The core point of the announcement is the approval of an increase in the estimated daily related transactions for the year 2025 by the board of directors of Shanghai Xianhui Automation Technology Co., Ltd. [2][10] - The board meeting was held on September 26, 2025, with all seven directors present, and the resolution was deemed legal and effective [2][6]. - The estimated amount for the additional daily related transactions in 2025 is 35 million RMB, which is necessary for the company's normal production and operations [11][10]. Group 2 - The related transactions will be conducted based on fair and market-based pricing, ensuring that the company's independence and the interests of minority shareholders are not compromised [10][21]. - The transactions primarily involve purchasing products and selling raw materials to the related party, Albert Robotics (Changsha) Co., Ltd. [18][19]. - The company will sign specific agreements with the related party to ensure compliance with the terms and conditions of the transactions [20]. Group 3 - The related party, Albert Robotics (Changsha) Co., Ltd., was established on September 2, 2025, with a registered capital of 50 million RMB, and is primarily owned by related directors [15][16]. - The financial condition of the related party is reported to be good, indicating a strong ability to fulfill contractual obligations [16][17]. - The increase in related transactions is considered necessary for the company's operations and is expected to have no significant impact on its independence or business operations [21][24].

东兴证券股份有限公司 关于上海先惠自动化技术股份有限公司 增加 2025 年度日常关联交易预计的核查意见 东兴证券股份有限公司（以下简称"东兴证券"或"保荐机构"）作为上海 先惠自动化技术股份有限公司（以下简称"先惠技术"或"公司"）2022 年度 向特定对象发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理办法》、 《上海证券交易所科创板股票上市规则》、《上海证券交易所科创板上市公司自 律监管指引第 1 号——规范运作》等相关法律、法规和规范性文件的规定，对先 惠技术增加 2025 年度日常关联交易预计事项进行了审慎核查，核查情况及核查 意见如下： 一、 增加日常关联交易基本情况 （一）增加日常关联交易履行的审议程序 公司于 2025 年 9 月 26 日召开第四届董事会第三次会议，审议通过了《关于 增加公司 2025 年度日常关联交易预计的议案》。公司及子公司根据经营业务需 要，与关联方交易遵循公平、公允和市场化的原则，预计增加 2025 年日常关联 交易金额合计为 3,500 万元人民币。关联董事潘延庆先生、王颖琳女士回避表决， 出席会议的非关联董事一致同意该议案。 第四届董事会独立董事专门会议 ...

证券代码：688155 证券简称：先惠技术 公告编号：2025-057 上海先惠自动化技术股份有限公司 （二）本次增加日常关联交易预计金额和类别 关于增加 2025 年度日常关联交易预计的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 是否需要提交股东会审议：否 日常关联交易对上市公司的影响：本次预计增加的关联交易为上海先惠自 动化技术股份有限公司（以下简称"公司"）日常关联交易，属于公司日常经营活动 需要，符合公司实际经营情况，按照公平、公正、公开原则，以市场价格为依据， 不影响公司的独立性，不存在损害公司及股东利益的情形，公司不会因该关联交易 对关联人产生依赖。 一、 增加日常关联交易基本情况 （一）增加日常关联交易履行的审议程序 公司于 2025 年 9 月 26 日召开第四届董事会第三次会议，审议通过了《关于 增加公司 2025 年度日常关联交易预计的议案》。公司及子公司根据经营业务需要， 与关联方交易遵循公平、公允和市场化的原则，预计增加 2025 年日常关联交易金 额合计为 3,500 万 ...

本次会议的召集、召开程序符合《中华人民共和国公司法》《上市公司独立 董事管理办法》等法律法规、规范性文件及《上海先惠自动化技术股份有限公司 章程》《上海先惠自动化技术股份有限公司独立董事工作制度》等相关规定，会 议决议合法、有效。 二、独立董事专门会议审议情况 （一）《关于增加公司 2025 年度日常关联交易预计的议案》 上海先惠自动化技术股份有限公司 第四届董事会独立董事专门会议第一次会议决议 一、独立董事专门会议召开情况 上海先惠自动化技术股份有限公司（以下简称"公司"）第四届董事会独立 董事专门会议第一次会议于 2025 年 9 月 26 日以现场方式召开。本次会议应到独 立董事三人，实到独立董事三人，经全体独立董事推选，本次独立董事专门会议 由独立董事周昌生先生召集并主持会议。 2025 年 9 月 26 日 （本页无正文，为《上海先惠自动化技术股份有限公司第四届董事会独立 董事专门会议第一次会议决议》签字页） 戴勇斌（签字）：____________ 2025 年 9 月 26 日 经审查，我们认为：公司增加 2025 年度预计发生的日常关联交易为公司开 展日常生产经营所需，相关交易遵循协商一致、公 ...

二、董事会会议审议情况 经与会董事审议，以投票表决方式，一致通过如下议案： （一）审议《关于增加公司 2025 年度日常关联交易预计的议案》 公司 2025 年度预计新增的日常关联交易为公司开展日常生产经营所需，相关 交易遵循协商一致、公平交易的原则，根据市场价格确定交易价格，符合公司发 展需要，公司主营业务不会因上述交易而对关联方形成依赖，不会影响公司的独 立性，且不存在损害公司及其他股东特别是中小股东利益的情形。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的《上 海先惠自动化技术股份有限公司关于增加 2025 年度日常关联交易预计的公告》公 告编号：2025-057）。 证券代码：688155 证券简称：先惠技术 公告编号：2025-056 上海先惠自动化技术股份有限公司 第四届董事会第三次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 上海先惠自动化技术股份有限公司（以下简称"公司"）第四届董事会第三次 会议于 2025 年 9 月 26 日以 ...

Core Insights - Xianhui Technology (SH 688155) announced its third board meeting for the fourth session on September 26, 2025, discussing the proposal to increase the estimated daily related transactions for 2025 [1] Company Summary - For the fiscal year 2024, Xianhui Technology's revenue composition is as follows: precision structural components for new energy power batteries account for 61.3%, intelligent automation equipment accounts for 37.43%, and other businesses account for 1.27% [1] - As of the report, Xianhui Technology has a market capitalization of 9.1 billion yuan [1]

（文章来源：证券日报） 证券日报网讯 9月23日晚间，先惠技术发布公告称，2025年半年度利润分配方案为每股现金红利0.3元 （含税），股权登记日为2025年9月29日，除权（息）日为2025年9月30日。 ...

证券代码：688155 证券简称：先惠技术 公告编号：2025-055 上海先惠自动化技术股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 本次利润分配方案经上海先惠自动化技术股份有限公司（以下简称"公司"） 2025 年 9 月 15 日的2025年第四次临时股东会审议通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/9/29 | 2025/9/30 | 2025/9/30 | 一、 通过分配方案的股东会届次和日期 本次利润分配以方案实施前的公司总股本125,479,333股为基数，每股派发现 金红利0.30元（含税），共计派发现金红利37,643,799.90元。 ...

Investment Rating - The report maintains a "Recommendation" rating for the lithium battery equipment industry [2] Core Viewpoints - The lithium battery equipment sector is experiencing a recovery in demand, driven by both traditional lithium battery needs and new solid-state battery technologies, leading to a significant rebound in stock prices [5][10] - The overall revenue for the lithium battery equipment sector in Q2 2025 reached 12.347 billion, marking a year-on-year increase of 9.93%, while net profit attributable to shareholders was 434 million, a decrease of 12.76% [14][19] - The report highlights a fundamental turning point in the industry, with new orders beginning to recover after a downturn [9][14] Summary by Sections 1. Overview of Lithium Battery Equipment Mid-Year Report 2025 - The report analyzes the operational performance of 13 key listed companies in the lithium battery equipment sector, confirming a turning point in the fundamentals and a recovery in new orders [9] 2. Market Performance - The lithium battery equipment index has outperformed the broader market, with a year-to-date increase of 130.14% compared to a 17.84% rise in the CSI 300 index [10] - The sector's performance is attributed to fundamental changes, advancements in solid-state battery technology, and favorable policy expectations [10] 3. Mid-Year Report Summary - The lithium battery equipment sector achieved a total revenue of 21.476 billion in H1 2025, a slight decrease of 0.35% year-on-year, while net profit was 920 million, down 37.20% [14][16] - The report notes that the revenue growth in Q2 2025 ended a four-quarter decline, indicating a recovery in the revenue stream [14][19] 4. Future Outlook - The solid-state battery industry is approaching commercialization, with significant implications for equipment demand and value [5][43] - The report anticipates that the global market for semi-solid battery equipment could reach 62.44 billion by 2030, with a CAGR of 59% from 2024 to 2030 [5] - The solid-state battery market is projected to reach 45.50 billion by 2030, with a CAGR of 159% from 2024 to 2030 [5] 5. Investment Recommendations - The report suggests focusing on companies involved in the "selling shovel" logic, particularly those engaged in the upstream dry process equipment [5] - Key companies to watch include Naconoer, Xinyuren, Honggong Technology, and Mannester for their potential in the new technology segment [5] - The report also highlights leading companies with established relationships with major battery manufacturers, such as Xian Dao Intelligent, Yinghe Technology, Liyuanheng, and Hangke Technology [5]

Core Viewpoint - The solid-state battery industry is advancing with significant developments in both domestic and international markets, but challenges remain in mass production and commercialization due to material stability, process maturity, and cost competitiveness [2][4][11]. Group 1: Domestic Developments - EVE Energy's "Longquan No. 2" solid-state battery line has successfully produced a 10Ah cell with an energy density of 300Wh/kg and a volume energy density of 700Wh/L, targeting high-end applications like humanoid robots and AI [4][5]. - Guoxuan High-Tech's "Jinshi Battery" is in trial production with a yield rate of 90%, achieving an energy density of 350Wh/kg, enabling a single charge range of up to 1000 kilometers [7]. - Honeycomb Energy plans to start mass production of its first-generation semi-solid-state battery by November, aiming to supply BMW's next-generation MINI models [3][8]. Group 2: International Innovations - QuantumScape demonstrated its solid-state lithium-metal battery in an electric motorcycle at the Munich Auto Show, achieving an energy density of 844Wh/L and fast charging capabilities [11]. - Rimac showcased a next-generation solid-state battery that can charge from 10% to 80% in just 6.5 minutes, even in low temperatures, while being significantly lighter than current mainstream batteries [12]. - Mercedes-Benz's solid-state battery in the EQS test vehicle achieved a real-world range of 1205 kilometers, surpassing the lithium-ion version's range of approximately 774 kilometers [14]. Group 3: Equipment and Manufacturing Advances - Various companies are developing flexible production equipment that can accommodate both solid-state and liquid batteries, enhancing production efficiency and reducing costs [16][18][26]. - Li Yuan Heng has delivered its first complete line for sulfide solid-state batteries, marking a significant breakthrough in solid-state battery manufacturing [21]. - Nako Nor's dry film forming technology significantly reduces energy consumption and costs while improving the density of battery electrodes [25][26].