Core Viewpoint - The company, HaiMuxing, has made significant advancements in the solid-state battery equipment sector, leading to a notable increase in its stock price by up to 16.55% on September 24, with a closing price of 45.49 yuan, reflecting a 12.91% rise [1] Group 1: Company Developments - HaiMuxing has successfully established a complete production process for lithium metal solid-state batteries, securing a 2GWh production equipment order valued at 400 million yuan, marking it as the first in the industry to achieve this milestone [1] - The company has also made progress in the sulfide all-solid-state battery route, achieving advancements in the preparation of all-solid-state electrodes and electrolytes, as well as in the assembly of bare battery cells [1] - HaiMuxing is the first company in the industry to pursue dual technology routes, namely "lithium metal anode + oxide electrolyte" and "silicon-carbon anode + sulfide electrolyte," supporting research, testing, mass production, and after-sales service for solid-state battery technologies [1]

Market Overview - The Shanghai Composite Index closed at 3848.69 points, above the five-day moving average, with an increase of 0.70% [1] - The total trading volume of A-shares reached 188.67 billion yuan [1] Stock Performance - A total of 1219 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] - Stocks with the highest deviation rates include: - Henghe Co., Ltd. with a deviation rate of 20.94% and a daily increase of 29.98% [1] - Shangwei New Materials with a deviation rate of 15.29% and a daily increase of 20.00% [1] - Xingfu Electronics with a deviation rate of 14.88% and a daily increase of 19.99% [1] - Other stocks with smaller deviation rates that just crossed the five-day moving average include Aotai Biological, Yongjin Co., Ltd., and Fuyuan Pharmaceutical [1] Detailed Stock Data - The following table summarizes key stocks that have broken through the five-day moving average: | Stock Code | Stock Name | Daily Change (%) | Turnover Rate (%) | Five-Day MA (yuan) | Latest Price (yuan) | Deviation Rate (%) | | --- | --- | --- | --- | --- | --- | --- | | 832145 | Henghe Co., Ltd. | 29.98 | 16.33 | 26.71 | 32.30 | 20.94 | | 688585 | Shangwei New Materials | 20.00 | 4.32 | 95.48 | 110.08 | 15.29 | | 688545 | Xingfu Electronics | 19.99 | 33.75 | 34.23 | 39.32 | 14.88 | | 300421 | Lixing Co., Ltd. | 19.24 | 28.95 | 16.37 | 18.72 | 14.36 | | 300379 | *ST Dongtong | 15.32 | 29.26 | 2.40 | 2.71 | 12.73 | | 300854 | Zhonglan Environmental Protection | 19.99 | 14.32 | 20.87 | 23.17 | 11.04 [1]

Group 1 - The core viewpoint of the news is that Haimeixing's stock price increased by 5.39% to 42.46 CNY per share, with a trading volume of 496 million CNY and a turnover rate of 4.79%, resulting in a total market capitalization of 10.52 billion CNY [1] - Haimeixing Laser Technology Group Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on April 3, 2008, with its listing date on September 9, 2020 [1] - The company's main business involves the research, design, production, and sales of laser and automation equipment across various industries, including consumer electronics, power batteries, and sheet metal processing [1] Group 2 - The revenue composition of Haimeixing's main business includes: 60.28% from laser and automation equipment for power batteries, 18.04% from 3C consumer electronics, 10.52% from sheet metal laser cutting equipment, 7.98% from the photovoltaic industry, and 3.17% from other industries [1] - Among Haimeixing's top ten circulating shareholders, Huaxia Fund's Huaxia CSI Robot ETF (562500) increased its holdings by 1.6939 million shares in the second quarter, holding a total of 4.415 million shares, which accounts for 1.78% of the circulating shares [2] - The Huaxia CSI Robot ETF (562500) was established on December 17, 2021, with a latest scale of 14.471 billion CNY and a year-to-date return of 37.67%, ranking 1200 out of 4220 in its category [2]

南方财经9月24日电，海目星（688559.SH）在2025年9月3日至9月18日的调研中表示，公司已签订4亿 元固态电池量产设备订单，成为全球首家实现氧化物+锂金属固态电池整线量产交付的设备厂商，并向 多家全球领先新能源企业交付硫化物固态电池前中段关键设备。 ...

海目星：目前锂金属固态电池设备正在批量交付当中。 ...

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 Insights - The ultraviolet laser industry is experiencing rapid growth due to its precision and energy control characteristics, particularly in high-tech fields such as semiconductors, consumer electronics, and biomedical applications [1][9] - The market size of China's ultraviolet laser industry is projected to grow from 1.9 billion yuan in 2018 to 5.308 billion yuan in 2024, with a compound annual growth rate (CAGR) of 18.68% [1][9] - The demand for ultraviolet lasers is expected to expand further with the development of emerging technologies like 5G, artificial intelligence, and the Internet of Things [1][9] Industry Overview - Ultraviolet lasers are defined as lasers with output wavelengths ranging from 10 to 400 nm, suitable for research, industrial applications, and OEM system integration [3] - The ultraviolet laser industry is supported by various national policies aimed at promoting key technologies and encouraging the development of laser medical devices [5] Industry Chain - The ultraviolet laser industry chain consists of upstream raw materials (optical materials, optical components, mechanical parts, etc.), midstream production and manufacturing, and downstream applications in fields such as medical devices, semiconductor testing, and communications [6][7] Market Size and Growth - The Chinese optical chip market is also expanding, with its size projected to grow from 8.23 billion yuan in 2019 to 15.86 billion yuan in 2024, reflecting a CAGR of 14.02% [8] - The medical device market in China is expected to reach approximately 1.13 trillion yuan in 2024, growing by 9.09% year-on-year [8] Competitive Landscape - The global ultraviolet laser market is growing rapidly, with significant demand in Asia, particularly in Japan and South Korea, while Europe maintains stable demand and North America continues to see strong growth driven by technological innovation [10] - Key domestic companies in the ultraviolet laser sector include Inno Laser, Han's Laser, Raycus Laser, and Huagong Tech, which are increasing their R&D investments to enhance product performance and market share [10] Development Trends - The industry is focusing on high power, high repetition frequency, and high precision as key development trends [12][13][14] - High power ultraviolet lasers are increasingly demanded for precision manufacturing and aerospace applications, while high repetition frequency lasers are enhancing processing efficiency in semiconductor and OLED applications [12][13] - High precision remains a core pursuit, with advancements aimed at achieving sub-micron processing accuracy and low line width in applications such as PCB drilling and medical device micro-processing [14]

Group 1 - The company has approved a share repurchase plan with a total funding amount between RMB 18 million and RMB 36 million, with a maximum repurchase price of RMB 46.70 per share, and the repurchase period is set for up to 12 months [2][3] - The company has received a loan commitment letter from China Construction Bank for a maximum loan amount of RMB 20 million, specifically for the purpose of repurchasing shares [3][4] - The loan commitment does not guarantee the total amount of shares to be repurchased, as the actual number will depend on market conditions and the availability of funds [4] Group 2 - The company held its first extraordinary general meeting of 2025 on September 22, with all resolutions passed without any objections [8][11] - The meeting was conducted in compliance with the Company Law and the company's articles of association, with all board members and supervisors present [9][10] - Legal counsel confirmed that the meeting's procedures and resolutions were in accordance with relevant laws and regulations, deeming the resolutions valid [12]

Group 1 - The company, HaiMuxing, announced that it has received a commitment letter from China Construction Bank Shenzhen Branch, with a loan commitment amount not exceeding RMB 20 million [2] - The loan has a term of one year and is specifically intended for the purpose of repurchasing the company's shares [2] - The specific details regarding the stock repurchase loan will be formalized in a contract to be signed by both parties [2]

格隆汇9月22日丨海目星(688559.SH)公布，近日，公司取得中国建设银行股份有限公司深圳市分行出具 的《承诺函》，主要内容如下：1、贷款承诺额度：不超过人民币2000万元；2、贷款期限：1年期；3、 贷款用途：专项用于回购公司股份。 ...