Core Viewpoint - The article discusses the advancements in solid-state battery technology, particularly focusing on the collaboration between Jinyu New Energy and Yifei Laser in developing the "Wuji" solid-state lithium metal cylindrical battery, which has successfully been delivered to international clients, marking a significant step in the industrialization of solid-state batteries [2][3]. Group 1: Product Development and Features - The "Wuji" series includes multiple capacity models ranging from 8Ah to 52Ah, with cumulative delivery exceeding 10 million yuan by mid-September 2025 [3]. - The battery utilizes an oxide and polymer solid electrolyte combined with lithium metal, featuring a cylindrical structure with full-tab design, which enhances energy density, safety, temperature adaptability, and high-pressure resistance [3][4]. - This battery design is particularly beneficial for high-end industrial applications such as drones and electric aircraft, significantly expanding operational windows and reducing overall costs [3][5]. Group 2: Manufacturing Challenges and Innovations - The solid-state battery industry is entering a critical phase of overcoming challenges related to large-scale manufacturing, shifting focus from material competition to a comprehensive evaluation of manufacturing processes, cost control, and ultimate performance [5][6]. - The collaboration has introduced a cylindrical and winding process for solid-state lithium metal batteries, presenting a potential alternative to the mainstream soft-pack/square and stacking technology [5][6]. - The cylindrical design and high-speed winding process could offer significant advantages in production efficiency, yield control, and equipment costs, potentially leading to lower manufacturing costs for solid-state batteries [6][7]. Group 3: Technical Breakthroughs - Key breakthroughs include the development of a continuous production process for solid-state electrolytes, achieving high strength and reliability in manufacturing [12][13]. - Gradient composite interface technology has been implemented to address solid-solid interface contact issues, significantly reducing interface resistance and enhancing ionic transport efficiency [14]. - The introduction of self-limiting pressure control technology allows for stable contact between solid-state electrolytes and electrodes without external high pressure, contributing to the reliability and lightweight integration of the battery [16]. Group 4: Future Outlook - The successful delivery of the "Wuji" battery validates the feasibility of the cylindrical solid-state route, indicating that the challenges in this area are surmountable [8][9]. - The industry may see multiple technological paths developing concurrently, fostering competition and collaboration across different application scenarios, which could accelerate the arrival of the solid-state battery era [23][24].

Group 1 - The company has developed a robotic intelligent laser system that is applicable in various industrial manufacturing fields [2] - Key application areas for the robotic intelligent laser system include new energy batteries, perovskite solar cells, consumer electronics, and automotive components [2] - The company confirmed that its robotic intelligent laser system involves the use of technologies such as artificial intelligence (AI) and machine vision perception technology [2]

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 - Wuhan Yizhi Xincheng Technology Testing Co., Ltd., a subsidiary of Yifei Laser, has achieved a significant milestone by obtaining laboratory accreditation from the China National Accreditation Service for Conformity Assessment (CNAS) [1][2] - This accreditation enhances the credibility and quality of Yizhi Xincheng's testing services, aligning them with international standards and providing third-party authoritative certification recognized in 153 countries and regions globally [1][2] Group 1 - The CNAS accreditation signifies that Yizhi Xincheng's testing capabilities meet high standards of impartiality, independence, and confidentiality [1] - The laboratory is equipped with advanced verification testing equipment and a professional technical service team, offering a comprehensive testing service chain covering materials, devices, and systems [1][2] - The accredited testing projects focus on four key areas: micro-level length detection of materials, spectral transmittance ratio detection of quartz glass, laser beam width and radiation power detection, and airtightness testing [2] Group 2 - Yizhi Xincheng aims to support the innovation and development of strategic industries such as new energy batteries, optoelectronic materials, and laser equipment through high-quality testing technology [2] - The laboratory is one of the few third-party labs in the lithium battery equipment industry with CNAS accreditation, providing services not only for Yifei Laser's internal quality control but also for global enterprises in the new energy battery and high-end manufacturing sectors [2] - Yifei Laser is deepening its globalization strategy, with successful deliveries of fully automated energy storage container assembly lines and cell assembly lines to overseas clients, indicating steady growth in overseas orders [2]

Group 1 - The core achievement of the company is the successful launch of the industry's first 180ppm large cylindrical battery cover automatic assembly line, which significantly improves production efficiency and quality for the 46 series cylindrical battery cover assembly solutions [2][7] - The new assembly line incorporates a redesigned structure and layout, high-precision positioning systems, and full-process digital inspection, addressing long-standing challenges in mass production efficiency and quality control [2][7] - The successful implementation of this assembly line not only reduces production costs for battery covers but also supports the large-scale application and mass production of cylindrical batteries globally [7] Group 2 - In the structural component assembly field, the company has established a "structure-material-manufacturing-inspection" system-linked equipment system, along with a specialized team to collaborate with clients for rapid development and production [4] - The company offers comprehensive solutions for large cylindrical battery assembly, integrating the development and manufacturing of structural components and battery cells, addressing industry pain points such as weak continuous development and long supply cycles [5]

Core Viewpoint - ST Yifei (688646.SH) is actively developing technologies and equipment applicable to solid-state battery manufacturing, indicating a strategic focus on this emerging market [1] Group 1: Equipment and Technology Development - The company has core equipment and related technologies, including battery cell assembly equipment, module PACK equipment, and smart logistics systems, that can be utilized in solid-state battery production [1] - ST Yifei has developed laser ultrafast processing equipment and laser groove processing equipment for the production of solid-state battery electrodes, with some products already sold and delivered [1] Group 2: Robotics Investment - The company has invested in establishing a humanoid robot company, with its joint venture, Wuyi Technology, holding a 29.75% stake, while ST Yifei directly holds 5% [1]

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。 武汉逸飞激光股份有限公司（以下简称"公司"）于 2025 年 9 月 10 日召开 股东大会审议通过《关于取消监事会并修订<公司章程>、办理工商变更登记的议 案》，根据修订后的《公司章程》规定，公司董事会设职工董事 1 名，由公司职 工通过职工代表大会民主选举产生。 为保证公司董事会的规范运作，公司于 2025 年 9 月 10 日召开职工代表大会 并做出决议，经民主表决一致同意选举冉昌林先生为公司第二届董事会职工董 事，任期至公司第二届董事会任期届满之日止。冉昌林先生此前担任公司第二届 董事会非职工代表董事，本次选举后其职务变更为职工董事，原非职工代表董事 职务相应终止。冉昌林先生的简历详见附件。 冉昌林先生符合《中华人民共和国公司法》《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》等法律法规及《公司章程》规定的有关董 事的任职资格，将按照相关法律法规的规定行使职权。冉昌林先生担任职工董事 后，公司第二届董事会中兼任公司高级管理人员以及由职工代表担任的董 ...

北京德恒（杭州）律师事务所 关于 武汉逸飞激光股份有限公司 2025 年第二次临时股东大会的 法律意见书 北京德恒（杭州）律师事务所 关于武汉逸飞激光股份有限公司 2025 年第二次临时股东大会的法律意见书 杭州市上城区新业路 200 号华峰国际商务大厦 10-11 楼 电话：0571-86508080 传真：0571-87357755 邮编：310016 北京德恒（杭州）律师事务所 关于武汉逸飞激光股份有限公司 2025年第二次临时股东大会的 致：武汉逸飞激光股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）《中华人民 共和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会关于 《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其 他有关规范性文件的要求，北京德恒（杭州）律师事务所（以下简称"本所"） 接受武汉逸飞激光股份有限公司（以下简称"逸飞激光"或"公司"）的委托， 指派律师参加逸飞激光 2025 年第二次临时股东大会（以下简称"本次股东大 会"），并出具《北京德恒（杭州）律师事务所关于武汉逸飞激光股份有限公 司 2025 年第二次临时股东大会的法律意见书》 ...

证券代码：688646 证券简称：ST 逸飞 公告编号：2025-067 武汉逸飞激光股份有限公司 2025年第二次临时股东大会决议公告 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。 本次会议由公司董事会召集，现场会议由公司董事长吴轩先生主持。本次会 议的表决方式是现场投票和网络投票相结合的方式，会议的召集、召开符合《中 华人民共和国公司法》《上市公司股东会规则》《上海证券交易所科创板股票上市 规则》等有关法律、行政法规、部门规章、规范性文件和《武汉逸飞激光股份有 限公司章程》的有关规定。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 9 月 10 日 （二） 股东大会召开的地点：湖北省鄂州市葛店开发区高新四路逸飞激光行政 楼 4 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 77 | | --- | --- | | 普通股股东人数 | 77 | | 2、 ...

Core Points - The announcement details the completion of a share reduction plan by Guangzhou Yipo New Energy Industry Equity Investment Partnership (Limited Partnership) regarding Wuhan Yifei Laser Co., Ltd. [1] Group 1: Shareholding Before Reduction - Before the reduction, Yipo New Energy held 4.53% of the total shares of Yifei Laser, amounting to 4,313,222 shares, which were acquired prior to the company's initial public offering and became tradable on July 29, 2024 [2] Group 2: Reduction Plan Details - On July 12, 2025, Yifei Laser announced that Yipo New Energy planned to reduce its holdings by up to 2,854,800 shares (3.00% of total shares) due to funding needs, through centralized bidding and block trading [3] - The reduction took place from August 4 to September 5, 2025, with 951,600 shares sold via centralized bidding and 1,903,200 shares through block trading, totaling 2,854,800 shares, which is 3.00% of the current total shares [3] - The reduction price ranged from 27.69 CNY to 33.35 CNY per share, resulting in a total amount of approximately 83.22 million CNY [3] Group 3: Post-Reduction Shareholding - After the completion of the reduction, Yipo New Energy's shareholding decreased to 1.53%, with a total of 1,458,422 shares remaining [3]