科创50指数今日下跌0.89%，报收983.11点，科创板全日成交量28.50亿股，成交额949.02亿元，加权平 均换手率为1.59%。 证券时报·数据宝统计显示，今日可交易科创板股中，180只股收盘上涨，涨幅超过10%的有5只，其 中，上纬新材、豪森智能、秦川物联等3股涨停，涨幅在5%至10%的有5只，收盘下跌的有403只。 资金流向方面，高换手率个股中，有22股今日获主力资金净流入，净流入金额较多的有汇宇制药、晶品 特装、嘉元科技，净流入金额分别为5984.89万元、4027.63万元、3896.94万元，净流出金额较多的有C 屹唐、正帆科技、伟测科技，净流出金额分别为1.34亿元、6205.64万元、6124.28万元。 从杠杆资金动向看，高换手个股中，共28股近期获杠杆资金净买入，统计显示，截至7月8日，近5日融 资余额增加较多的有C屹唐、汇宇制药、荣昌生物等，分别增加2.08亿元、1.14亿元、6047.57万元；融 资余额减少金额较多的有广大特材、影石创新、德龙激光等，分别减少5506.50万元、3867.30万元、 1655.77万元。 7月9日科创板换手率居前个股 | 代码 | 简称 | 最 ...

Core Insights - The solid-state battery index decreased by 0.8% from June 30 to July 4, with a cumulative increase of 18.2% expected by 2025, outperforming the CSI 300 index which is projected to increase by 17.0% [1][4] - Among the solid-state battery-related stocks, the average decline was 1.3%, with only the current collectors segment showing an increase of 7.0% [1][4] Stock Performance - Top five gainers: Zhongyi Technology (+21.1%), Defu Technology (+21.0%), Honggong Technology (+21.0%), Yuanhang Precision (+12.2%), and Jiayuan Technology (+6.7%) [1][4] - Top five losers: Yinglian Co. (-17.7%), Nuode Co. (-12.9%), Tianji Co. (-11.3%), Jinlongyu (-9.2%), and Zhonglun New Materials (-8.5%) [1][4] Industry Developments - Shanghai Xiba plans to participate in the auction for Yuyuan Rare Earth's lithium sulfide business assets [2] - Several companies have secured orders for solid-state battery copper foil products, including Defu Technology with a significant order from a leading power battery customer [2] - Anwa Technology has successfully launched the first GWh-level solid-state battery production line, marking a significant advancement in solid-state battery development [2] - The industry is transitioning from laboratory stages to mass production validation, with expectations for small batch vehicle testing by the end of 2025 and widespread testing in 2026-2027 [2]

Market Overview - The Shanghai Composite Index fell by 0.13% on July 9, with 17 out of the 28 sectors rising, led by Media and Agriculture sectors, which increased by 1.35% and 0.65% respectively [1] - The Electric Equipment sector saw a slight increase of 0.17% [1] - The sectors with the largest declines were Non-ferrous Metals and Basic Chemicals, which dropped by 2.26% and 0.85% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.536 billion yuan, with only three sectors experiencing net inflows: Media (1.055 billion yuan), Retail (864 million yuan), and Construction Decoration (40.34 million yuan) [1] - The Electronic sector had the largest net outflow, totaling 7.789 billion yuan, followed by Non-ferrous Metals with 5.412 billion yuan [1] Electric Equipment Sector Performance - In the Electric Equipment sector, 358 stocks were tracked, with 99 stocks rising and 252 stocks declining; 5 stocks hit the daily limit up [2] - The top net inflow stock was Ningde Times, with a net inflow of 378 million yuan, followed by Tongguan Copper Foil and Kelu Electronics with inflows of 219 million yuan and 178 million yuan respectively [2] - The sector experienced a total net outflow of 4.576 billion yuan, with 11 stocks seeing outflows exceeding 100 million yuan; the largest outflows were from Rongfa Nuclear Power, Sunshine Power, and Nord Shares, with outflows of 327 million yuan, 250 million yuan, and 226 million yuan respectively [2][3] Top Gainers in Electric Equipment Sector - The top gainers in the Electric Equipment sector included: - Ningde Times: +2.84%, turnover rate 0.75%, main capital flow 377.94 million yuan - Tongguan Copper Foil: +20.02%, turnover rate 48.19%, main capital flow 218.52 million yuan - Kelu Electronics: +10.06%, turnover rate 7.49%, main capital flow 178.39 million yuan [2] Top Losers in Electric Equipment Sector - The top losers in the Electric Equipment sector included: - Rongfa Nuclear Power: +0.42%, turnover rate 33.08%, main capital flow -327.43 million yuan - Sunshine Power: -0.57%, turnover rate 3.01%, main capital flow -249.65 million yuan - Nord Shares: -4.98%, turnover rate 14.04%, main capital flow -226.20 million yuan [3]

Core Viewpoint - The company, Jia Yuan Technology, has announced its plans for solid-state battery copper foil production, projecting an output of approximately 100 tons by 2025, which will represent about 0.1% of its total output [1] Group 1: Product Development - The company has developed high specific surface area copper foil and double-sided nickel-plated copper foil for semi/full solid-state batteries [1] - Some of these products have already achieved mass and small batch supply [1] - The company has sent samples of its copper foil products for solid-state batteries to multiple enterprises for testing and has obtained preliminary results [1] Group 2: Strategic Partnerships - In addition to mass supply and sample testing, the company has established strategic agreements with several clients to jointly develop next-generation copper foil products for solid-state batteries [1]

Group 1 - PCB concept stocks are experiencing a strong afternoon rally, with Zhongyi Technology (301150) hitting the 20% daily limit up [1] - Copper Crown Copper Foil (301217) has risen over 10%, while Chuan Yi Technology (002866) and Dawei Shares (002213) previously reached their daily limit up [1] - Shen Nan Circuit (002916) and Jia Yuan Technology are among the top gainers in this sector [1] Group 2 - Dark pool funds are flowing into these stocks, indicating increased investor interest [1]

| | | 广东嘉元科技股份有限公司 可转债转股结果暨股份变动公告 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： 转股情况：自 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，"嘉元转债" 共有人民币 21,000 元已转换为公司股票，转股数量为 500 股，占"嘉元转债" 转股前公司已发行股份总额的 0.0002%。自 2021 年 9 月 1 日至 2025 年 6 月 30 日，累计共有人民币 261,652,000 元已转换为公司股票，累计转股数量 3,323,375 股，占"嘉元转债"转股前公司已发行股份总额的 1.4395%。 未转股可转债情况：截至 2025 年 6 月 30 日，"嘉元转债"尚未转股的 可转债金额 978,348,000 元，占"嘉元转债"发行总量的 78.8990%。 一、可转债发行上市概况 经中国证券监督管理委员会证监许可〔2021〕180 号文同意注册，公司于 2021 年 2 月 23 日向不特定对象发行了 1,240 万张可转换公司债券，每张面 ...

Group 1 - The core viewpoint of the article highlights that Jia Yuan Technology has shown significant growth in revenue and profitability, with a projected revenue of 1.981 billion yuan in Q1 2025, representing a 113% increase year-on-year, and a net profit of 24.4564 million yuan, marking a turnaround from losses [1] - Jia Yuan Technology anticipates continued growth in profitability in the second half of this year, driven by an increase in high-value-added products, the introduction of overseas clients, and sales expansion [1] - The company’s copper foil products include lithium battery copper foil and electronic circuit copper foil, focusing on high-tech products such as ultra-high strength and special alloy copper foil, and is advancing domestic alternatives for high-end electronic circuit copper foil [1] Group 2 - Jia Yuan Technology has made breakthroughs in the research and development of copper foil for solid-state batteries, including high specific surface area copper foil and composite copper foil, and has begun supplying solid-state battery copper foil to five companies [1] - The company has developed relationships with top overseas battery enterprises, with product gross margins exceeding those in the domestic market, and is actively entering emerging overseas markets [1] - Jia Yuan Technology believes that its current stock price does not accurately reflect its long-term intrinsic value and will continue to strengthen its operational management to solidify its foundation for conversion [1]

Conference Announcement - The 2025 High-Performance New Energy Materials Industry Conference will be held on July 8-9, 2025, in Chengdu, Sichuan, focusing on new materials, new dynamics, and new ecology [1] Company Developments - Jia Yuan Technology has made commercial progress in solid-state battery copper foil, supplying products to five leading battery companies, which are also applicable in low-altitude economic scenarios like eVTOL testing [2] - Defu Technology has signed supply agreements for lithium battery copper foil products with two major companies in the photovoltaic and consumer battery sectors [3] - Tangshan Hengwang New Energy Materials has commenced trial production of a 200,000-ton lithium iron phosphate project, with a total investment of 5.5 billion yuan, expected to achieve mass production by October 2025 [5] - Zhenhua New Materials has achieved hundred-ton level shipments of solid electrolyte and modified ternary materials for high energy density applications, establishing cooperation with major downstream clients [7] Equipment Collaborations - Keheng Co., Ltd. has signed a strategic cooperation agreement with Beijing Pure Lithium New Energy Technology to build a full-chain strategic partnership involving solid-state lithium-ion battery production equipment and materials [9] Overseas Expansion - EVE Energy plans to invest up to 8.654 billion yuan in a new energy storage battery project in Kedah, Malaysia, to enhance its global strategy and meet rising market demand [11] - Xingyuan Materials has completed the first phase of its ASEAN base in Malaysia, with an annual production capacity of 2 billion square meters for lithium battery separators [13] - CATL has officially commenced construction of its joint venture factory in Indonesia, with an initial capacity of 6.9 GWh, expected to expand to 15 GWh by the end of 2026 [15] - Tesla's first lithium iron phosphate battery factory in North America is nearing completion in Sparks, Nevada, adjacent to its existing Gigafactory [17] - Nandu Power has secured a large order for a 1.4 GWh energy storage system for a major solar project in India, marking one of the largest single energy storage projects in the country [19]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-071 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 为满足购买理财产品的需要，广东嘉元科技股份有限公司（以下简称"公司"） 将 在 中 国 农 业 银 行 股 份 有 限 公 司 梅 州 梅 县 支 行 开 立 的 账 户 （ 账 号 ： 44181001040014218）指定为公司 2021 年度向特定对象发行股票募集资金理财产 品专用结算账户，具体内容详见公司于 2023 年 3 月 14 日在上海证券交易所网站 （www.sse.com.cn）披露的《广东嘉元科技股份有限公司关于指定理财专用结算 账户并签订募集资金三方监管协议的公告》（公告编号：2023-022）。 关于注销部分理财产品专用结算账户的公告 二、募集资金理财产品专用结算账户的注销情况 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。 截至本公告披露日，公司在中国农业银行股份有限公司梅州梅县支行 ...

Company Overview - Guangdong Jiayuan Technology Co., Ltd. is a leading enterprise in the electrolytic copper foil industry, with a production capacity exceeding 110,000 tons per year by the end of 2024 [1] - The company has maintained stable long-term relationships with core customers, with sales to these customers accounting for 67.46%, 69.37%, and 65.81% of total sales from 2022 to 2024 [1][2] - Jiayuan Technology's main products include lithium battery copper foil and standard copper foil, with lithium battery copper foil accounting for over 90% of the revenue from copper foil business [1][13] Financial Performance - In 2024, Jiayuan Technology reported a copper foil production of 67,000 tons and sales of 67,700 tons, with total revenue of 6.522 billion yuan and a net loss of 246 million yuan [1][5] - The company's asset scale reached 13.045 billion yuan, with total debt of 4.786 billion yuan, resulting in an asset-liability ratio of 45.98% [5] - The company has experienced unstable profitability, with significant losses in 2024, although it turned a profit in the first quarter of 2025 [2][5] Industry Context - The electrolytic copper foil industry in China is experiencing overcapacity, leading to fierce competition and declining processing fees, which have resulted in widespread losses among listed companies in 2024 [2][13] - Despite the overcapacity, the demand for lithium battery copper foil is expected to grow due to the rapid development of the downstream market, particularly in the electric vehicle and energy storage sectors [13][14] - The industry is characterized by a high concentration of production capacity, with Jiayuan Technology being one of the top players alongside companies like Defu Technology and Nord New Materials [4][13] Research and Development - Jiayuan Technology has maintained a high level of R&D investment, with R&D expenses accounting for over 4% of revenue from 2022 to 2024 [1] - The company has achieved mass production of ultra-thin electrolytic copper foil products, including 5μm and 4.5μm thicknesses, and has developed the core technology for producing 3.5μm ultra-thin copper foil [1][2] Capital Structure - The company has a robust capital structure with accessible financing channels, having raised funds through convertible bonds and private placements in 2021 and 2022 [2] - By the end of 2024, Jiayuan Technology's debt capitalization ratio was 40.45%, indicating a relatively low level of debt compared to its total capital [2][5] Market Trends - The demand for lithium battery copper foil is expected to continue growing, driven by the expansion of the electric vehicle market and energy storage applications [13][14] - The overall market for electrolytic copper foil is anticipated to gradually stabilize as the supply-demand imbalance is addressed in the coming years [13]