Group 1 - The solid-state battery concept stocks in the A-share market have become active again, with notable increases in share prices [1] - Tianji Co., Soft Control Co., and Fengyuan Co. reached the daily limit increase, while Yuchen Intelligent surged over 15% and Jinyinhai increased by over 10% [1] - Other companies such as Hongxing Development, Tianci Materials, Patel, Guanghua Technology, and Huasheng Lithium Battery also experienced price increases [1]

Group 1 - The stock of Yuchen Intelligent (688638) closed at 47.50 yuan on September 5, reaching the daily limit with a trading volume of 1.53 billion yuan and a turnover rate of 12.79% [1] - The stock's price increased by 15% on the same day, leading to its inclusion in the trading list [1] - The top five trading departments accounted for a total transaction of 89.39 million yuan, with a net buying amount of 30.22 million yuan [1][2] Group 2 - The main capital inflow for the stock was 34.27 million yuan throughout the day [2] - The largest buying department was Guotai Junan Securities Co., Ltd. with a purchase amount of 16.65 million yuan, followed by Kaiyuan Securities Co., Ltd. with 16.16 million yuan [2] - Two institutional proprietary seats were among the selling departments, with total sales of 13.46 million yuan [1][2]

Group 1 - The solid-state battery sector experienced a significant surge, with a remarkable increase of 7.11% on September 5, driven by investor interest following a statement from XianDao Intelligent about its advancements in solid-state battery technology [1] - Tianhong Lithium Battery saw its stock price soar to 36.51 yuan, marking a 29.98% increase, and its market capitalization rose to 2.491 billion yuan, reflecting strong investor confidence in the sector [1] - The overall net capital inflow into the solid-state battery sector reached 9.609 billion yuan, indicating a robust market sentiment and substantial investment interest [1] Group 2 - Solid-state batteries are recognized as a crucial development direction for next-generation battery technology, offering higher energy density and improved safety compared to traditional lithium batteries [2] - The increasing demands for range and safety in the electric vehicle industry have heightened market expectations for solid-state batteries, leading to significant investment in companies like XianDao Intelligent [2] - Despite the promising outlook, the solid-state battery industry is still in the early stages of research and development, facing challenges such as high costs and complex production processes [2]

Core Viewpoint - The A-share market experienced a significant upward trend on September 5, with the ChiNext Index leading the gains and the Shanghai Composite Index surpassing 3,800 points [1] Market Performance - The solid-state battery concept stocks saw a collective surge, with multiple stocks such as Jinyinhai, Yuchan Intelligent, Tianhua New Energy, Xian Dao Intelligent, and Liyuanheng hitting the 20% daily limit up [1] - Other stocks like Better Ray, Yiwei Lithium Energy, Xinwangda, Honggong Technology, and Haibo Sichuang rose over 10%, indicating strong investor interest in this sector [1] Industry Developments - The China Automotive Engineering Society is set to hold a review meeting for 10 solid-state battery group standards on September 10-11, 2025, in Beijing, which includes the assembly methods for solid-state battery materials [1] - Additionally, the initiation meeting for five standard projects, including the evaluation method for hydrogen sulfide generation in sulfide all-solid-state batteries, will also take place [1]

Group 1 - The A-share market showed significant differentiation, with solid-state batteries experiencing a strong rally, while the banking sector collectively retreated [1] - Companies such as Tianhong Lithium Battery and Tianji Co. achieved consecutive gains, while Sunshine Power reached a historical high with over a 10% increase [1] - The China Automotive Engineering Society will hold a review meeting for solid-state battery standards in September 2025, indicating ongoing developments in the sector [1] Group 2 - Guoxuan High-Tech announced that its first solid-state pilot line is now operational, with a yield rate of 90% for its solid-state batteries [2] - CATL disclosed that scientific issues in the solid-state battery industry have been largely resolved, with small-scale production expected by 2027 [2] - Equipment companies have seen a significant increase in order demand, with total new orders exceeding 30 billion yuan, reflecting a year-on-year growth of 70% to 80% [2] Group 3 - Institutional research reports are increasingly optimistic about solid-state batteries, highlighting their safety and energy density advantages in various applications [3] - The industry is expected to enter a mainline market phase as pilot lines are established by leading manufacturers by 2025, with production lines expected to break through in 2026 [3] - The acceleration of the industrialization process for solid-state batteries is anticipated, with several automakers planning to adopt them around 2027 [3]

Group 1 - The core point of the news is the significant stock performance of Yuchen Intelligent on the STAR Market, with a notable increase in its stock price and trading volume [1] - As of September 5, Yuchen Intelligent's stock price reached 47.50 yuan, with a trading volume of 1.25 billion yuan and a turnover rate of 10.56% [1] - Among STAR Market stocks, 535 stocks were reported to be rising, with 11 stocks having an increase of over 10%, including Yuchen Intelligent, which rose by 20.01% [1] Group 2 - In terms of capital flow, Yuchen Intelligent experienced a net outflow of 2.11 million yuan in the previous trading day, with a total net outflow of 11.96 million yuan over the past five days [2] - The latest margin trading data shows that as of September 4, the margin balance for Yuchen Intelligent was 29.44 million yuan, with a decrease of 1.74 million yuan, representing a decline of 5.58% [2] - The company's semi-annual report released on August 28 indicated that it achieved an operating income of 312 million yuan in the first half of the year, a year-on-year increase of 7.05%, but reported a net loss of 54.89 million yuan, a year-on-year decline of 21.27% [2]

Group 1 - The solid-state battery sector in the A-share market continues to show strong performance, with several companies experiencing significant stock price increases [1] - Patel's stock surged over 24%, while other companies like Jinyinhe and Huasheng Lithium Battery hit the daily limit of 20% increase [1] - Other notable performers include Lijia Technology with an increase of over 18%, and XianDao Intelligent with a rise of over 17% [1] Group 2 - Patel's total market capitalization is approximately 2.02 billion, with a year-to-date increase of 138.26% [2] - Jinyinhe has a market cap of 5.77 billion, with a year-to-date increase of 79.24% [2] - XianDao Intelligent's market cap stands at 82.5 billion, with a remarkable year-to-date increase of 163.72% [2]

Group 1 - The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry 2025-2026," targeting an average growth rate of around 7% for the computer, communication, and other electronic equipment manufacturing industries from 2025 to 2026 [1] - The electronic information manufacturing industry, including lithium battery, photovoltaic, and component manufacturing, is expected to achieve an annual revenue growth rate of over 5% [1] - Major lithium battery equipment companies in the A-share market have shown signs of order recovery in the first half of the year, with leading companies like XianDao Intelligent, LiYuanHeng, and others reporting positive news regarding orders across key lithium battery production processes [1] Group 2 - Dongwu Securities research indicates that orders for CATL in 2025 are expected to return to the scale seen in 2020-2021, driven by domestic market demands for production line upgrades and expansions from leading battery companies [2] - The overseas market is experiencing a resurgence in demand for power batteries and energy storage installations, driven by energy transition policies, with overseas battery manufacturers restarting expansion efforts [3] - New entrants and automotive manufacturers are accelerating their layout in the battery industry, increasing the demand for complete line equipment, which is expected to enhance the value of equipment in 2025 [4] Group 3 - Related companies in the lithium battery equipment industry listed in Hong Kong include CATL, BYD, Zhongchuang Xinhang, and Ruipu Lanjun [5]

兴业证券股份有限公司 关于深圳市誉辰智能装备股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称： | 被保荐公司名称： | | --- | --- | | 兴业证券股份有限公司 | 深圳市誉辰智能装备股份有限公司 | | 保荐代表人姓名：尹涵 | 联系方式：13564617817 联系地址：上海市浦东新区长柳路 号丁 36 | | | 香国际商业中心东塔 10 层 | | 保荐代表人姓名：王海桑 | 联系方式：13501787067 36 | | | 联系地址：上海市浦东新区长柳路 号丁 | | | 香国际商业中心东塔 层 10 | 1 | 工作内容 | 督导情况 | | --- | --- | | 议，明确双方在持续督导期间的权利义务，并报上 | 务，并报上海证券交易所备案。 | | 海证券交易所备案。 | | | 3、通过日常沟通、定期回访、现场检查、尽职调 | 保荐机构通过日常沟通、定期或不定期回访、 | | | 现场检查等方式，了解誉辰智能经营情况，对 | | 查等方式开展持续督导工作。 | | | | 誉辰智能开展了持续督导工作。 | | 4、持续督导期间，按照有关规定对上市公司违法 ...

Group 1 - The stock price of Yuchen Intelligent as of August 27, 2025, closed at 38.10 yuan, down 4.70% from the previous trading day, with a trading volume of 0.38 billion yuan and a turnover rate of 3.63% [1] - Yuchen Intelligent's main business includes the research, production, and sales of lithium battery intelligent equipment, primarily applied in power batteries and energy storage batteries [1] - The company is associated with concepts such as batteries and solid-state batteries [1] Group 2 - Financial reports indicate that Yuchen Intelligent's net profit attributable to shareholders for the first half of the year was -54.89 million yuan, which is a larger loss compared to -45.27 million yuan in the same period last year [1] - In terms of capital flow, on August 27, the net inflow of main funds was 0.9329 million yuan, while the net outflow over the past five days was 7.8559 million yuan [1]