Group 1 - The company announced the convening of the 29th meeting of the sixth board of directors on December 16, 2025, to review the proposal regarding the completion of certain fundraising projects and the permanent allocation of surplus funds to working capital [1] - The completed fundraising project is the construction of a lithium-ion battery cathode material production line (Shawen Phase II), which has reached the predetermined usable status [1] - As of the announcement date, the total surplus fundraising amount from the initial public offering projects is 55.8293 million yuan, which the company plans to permanently allocate to working capital [1]

Group 1 - The company Zhuhai New Materials (688707.SH) announced the completion of the lithium-ion battery cathode material production line construction project (Shawen Phase II) [1] - To maximize the efficiency of raised funds and meet daily operational needs, the company plans to permanently supplement working capital with surplus raised funds amounting to 55.8293 million yuan [1] - The specific amount for the transfer of raised funds will be based on the balance of the fundraising account on the day of the transfer [1]

近日，据《财新》报道，中信建投（601066）证券原保荐代表人杜鹏飞因通过代持方式突击入股拟上市公司，解禁后减持套现 获利颇丰，目前已被公诉机关以涉嫌受贿罪起诉，建议量刑10至11年。 杜鹏飞的违规操作最终在审计监督中浮出水面。2024年，国家审计署在对中信集团体系开展常规审计时，敏锐发现了杜鹏飞突 击入股振华新材的异常线索。审计部门随即启动深入核查，确认其行为涉嫌违法犯罪后，将相关线索依法移送至齐齐哈尔市监 察委员会。 据悉，杜鹏飞因在振华新材(688707.SH)IPO项目中暗度陈仓，在担任该项目保荐代表人期间，以150万元资金通过代持形式突击 入股该公司，解禁后套现获利410.64万元。 资料显示，振华新材是一家主营锂电正极材料的供应商，主要客户涵盖宁德时代（300750）等头部动力电池企业，于2021年在 科创板成功上市。2019年8月，中信建投与振华新材正式签订上市辅导协议，杜鹏飞以辅导组组长、项目负责人和保荐代表人的 三重身份，全面主导该IPO项目的保荐工作。 2021年9月，振华新材以11.75元/股的发行价登陆科创板。上市后，公司股价在禁售期内一度冲高至80元，2022年9月首批限售股 解禁时 ...

Core Viewpoint - The case of Du Pengfei, a senior executive at CITIC Securities, marks a significant shift in the legal treatment of violations in the capital market, as the court recognized key personnel in state-owned securities firms as "state workers" under criminal law, leading to a harsher penalty for corruption [1][8]. Group 1: Case Background - Du Pengfei was sentenced to 10 years and 2 months in prison for accepting bribes related to the IPO of Zhenhua New Materials, where he profited 4.1064 million yuan through illegal shareholding practices [1][6]. - The case involved Du's role in the IPO process of Zhenhua New Materials, a supplier of lithium battery cathode materials, which successfully listed on the STAR Market in 2021 [2][3]. Group 2: Legal Implications - The court's ruling established that Du's actions constituted a severe violation of the Securities Law, as he engaged in indirect shareholding through a third party, which is explicitly prohibited [3][9]. - The court determined that Du's position and actions were linked to the management of state-owned assets, thus qualifying him as a "state worker" and subjecting him to stricter criminal liability [6][8]. Group 3: Industry Impact - This case sets a precedent in the capital market, indicating that similar violations by key personnel in state-owned enterprises will face more stringent legal consequences, moving beyond administrative penalties to criminal charges [8][9]. - The ruling is expected to reshape the risk perception among professionals in state-owned securities firms, emphasizing the importance of compliance with legal and regulatory standards [8][9].

Core Viewpoint - The case of a senior sponsor representative, Du Pengfei, facing severe legal consequences for "sudden shareholding" in the IPO project of Zhenhua New Materials has shocked the investment banking community, highlighting the stringent regulatory environment and the serious implications of corruption in the industry [1][2]. Group 1: Case Details - Du Pengfei, a senior executive at a leading brokerage, has been prosecuted for "bribery" related to his involvement in Zhenhua New Materials' IPO, with the prosecution suggesting a sentence of 10 to 11 years despite the involved amount being 4.1 million yuan, of which he personally received about 2 million yuan [1][2]. - The case is notable not only for its severity but also for the circumstances surrounding it, where the issuer, Zhenhua New Materials, actively sought Du's involvement after facing difficulties in fundraising [3][4]. - Zhenhua New Materials initially aimed to raise up to 800 million yuan but only managed to secure 513 million yuan due to insufficient participation from existing shareholders [3][4]. Group 2: Investment Dynamics - Du Pengfei was approached by Zhenhua New Materials to participate in a private placement through a familiar individual, Liu Fei, who ultimately invested 1.5 million yuan on Du's behalf, with the shares registered under an existing shareholder's name [5][6]. - The stock price of Zhenhua New Materials surged post-IPO, reaching a high of 80 yuan per share, leading to significant profits from the investment, totaling 4.1 million yuan, with Du receiving approximately 2 million yuan [6][7]. Group 3: Legal and Regulatory Implications - The prosecution's classification of Du's actions as "bribery" stems from the nature of his role as a sponsor representative, where leveraging his position for personal gain is deemed a violation of legal and ethical standards [7]. - The case reflects a growing trend of increased penalties for financial misconduct in the industry, moving from administrative sanctions to criminal accountability as part of a broader anti-corruption effort [7].

Core Viewpoint - The company, Zhenhua New Materials, has provided insights into its solid electrolyte products, highlighting their characteristics and production capabilities [2] Group 1: Product Characteristics - The solid electrolytes produced by the company are categorized into oxides, sulfides, and composite solid electrolytes [2] - These electrolytes exhibit small particle sizes (nanometer scale), good air stability, high ionic conductivity, and excellent dispersibility [2] Group 2: Production Capacity - Some of the company's products have achieved stable production at a ton-level scale [2] - The electrolyte pilot production line, expected to be approved by October 2025, will have an annual production capacity of 100 tons [2]

证券日报网讯12月10日，振华新材在互动平台回答投资者提问时表示，公司近年来营收下滑的核心原因 并非客户数量导致，而是行业"量价齐跌"与公司产品结构短期错配的双重压力所致。 ...

Core Viewpoint - The company has achieved stable preparation of solid electrolytes at a ton-level and is actively advancing product validation and the construction of a pilot line with an annual capacity of 100 tons [1] Group 1 - The company has successfully reached ton-level stable preparation of solid electrolytes [1] - The company is currently focusing on product validation efforts [1] - The company is in the process of building a pilot line with a target annual production capacity of 100 tons [1]

Group 1 - The company has achieved stable production of solid electrolytes at a ton-level scale and is actively advancing product validation work and the construction of a pilot line with an annual capacity of 100 tons [2]

Group 1 - The company has developed solid electrolytes that include oxide, sulfide, and composite solid electrolytes, characterized by small particle size (nanometer level), good air stability, high ionic conductivity, and excellent dispersibility [2] - Some products have achieved stable preparation at a ton-level scale [2] - The pilot production line for the electrolytes is expected to have an annual production capacity of 100 tons, approved in October 2025 [2]