Core Viewpoint - Desay Battery (000049.SZ) has stated that the company has not yet achieved mass production of solid-state battery products [1] Company Summary - Desay Battery is currently in the phase of developing solid-state battery technology but has not reached the stage of mass production [1]

Core Viewpoint - Desai Battery (000049.SZ) has stated that the company has not yet achieved mass production of solid-state battery products [1] Company Summary - Desai Battery is currently in the phase of developing solid-state battery technology but has not reached the stage of mass production [1]

Core Viewpoint - Desay Battery's stock has shown a significant increase in price this year, despite a recent decline, indicating potential volatility in the market [1][2]. Company Overview - Desay Battery Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 4, 1985, with its stock listed on March 20, 1995 [1]. - The company specializes in the production of power management systems and various types of lithium batteries [1]. Financial Performance - For the first half of 2025, Desay Battery reported a revenue of 9.762 billion yuan, representing a year-on-year growth of 9.32%, while the net profit attributable to shareholders decreased by 9.36% to 97.545 million yuan [2]. - The company has distributed a total of 1.484 billion yuan in dividends since its A-share listing, with 495 million yuan distributed over the past three years [3]. Shareholder Information - As of September 10, 2025, the number of shareholders increased to 71,100, a rise of 15.54%, while the average circulating shares per person decreased by 13.45% to 5,411 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the third-largest shareholder, increasing its holdings by 2.0681 million shares [3]. Stock Performance - As of September 18, 2025, Desay Battery's stock price was 27.46 yuan per share, with a year-to-date increase of 18.46% and a recent five-day increase of 6.93% [1]. - The stock experienced a net outflow of 41.2314 million yuan in principal funds, indicating selling pressure despite some buying activity [1].

Group 1 - The Tonghuashun Fruit Index concept rose by 2.32%, ranking second among concept sectors, with 14 stocks increasing in value [1][2] - Leading gainers included Zhongshi Technology, Changying Precision, and Lens Technology, which rose by 14.09%, 12.44%, and 5.94% respectively [1][2] - The stocks with the largest declines were Lingyi iTech, Pengding Holdings, and Luxshare Precision, which fell by 2.41%, 0.74%, and 0.73% respectively [1][2] Group 2 - The concept sectors with the highest daily gains included lithography machines at 3.30% and copper cable high-speed connections at 2.18% [2] - The Tonghuashun Fruit Index experienced a net outflow of 1.472 billion yuan, with 8 stocks seeing net inflows, and 5 stocks receiving over 30 million yuan in net inflows [2][3] - The top net inflow stock was Lens Technology, with a net inflow of 705 million yuan, followed by Wentai Technology and Dongshan Precision with net inflows of 244 million yuan and 212 million yuan respectively [2][3] Group 3 - In terms of net inflow ratios, Lens Technology, Wentai Technology, and Desay Battery led with net inflow rates of 13.50%, 11.95%, and 4.29% respectively [3] - The trading volume and turnover rates for the top stocks included Lens Technology with a turnover rate of 3.35% and Changying Precision with a turnover rate of 18.89% [3][4] - Stocks such as Lingyi iTech and Luxshare Precision had significant net outflows, with Lingyi iTech experiencing a net outflow of 689 million yuan and Luxshare Precision a net outflow of 1193 million yuan [4]

Core Viewpoint - The article highlights the rapid advancements and competitive landscape in the energy storage battery sector, focusing on new product releases and technological innovations from various manufacturers [2][5][8]. Group 1: Event Information - The "2025 Starting Point Household Storage/Industrial Storage/Portable Energy Storage Battery Technology Forum" will take place on September 26, 2025, in Shenzhen, with over 600 participants expected [1]. - The event aims to discuss new storage technologies and release a white paper on user-side energy storage [1]. Group 2: Product Releases - A number of battery manufacturers are intensifying their efforts in energy storage cells, including: - **XWANDA**: Launching 684Ah and 588Ah energy storage cells, with the former featuring a volume energy density of 440+ Wh/L and a lifespan exceeding 20 years [2]. - **Zhongchuang Innovation**: Introducing 500Ah+ and 600Ah+ cells, with the 600Ah+ cell having a cycle life of 15,000 times and a volume energy density of 430 Wh/L [3]. - **Desay Battery**: Presenting an 86Ah high-rate cell designed for data centers, capable of 10C discharge [3]. - **Tianneng Lithium Battery**: Announcing four new national standard lithium battery products [4]. - **Nandu Power Supply**: Launching a 392Ah energy storage battery with a cycle life of 15,000 times and energy efficiency exceeding 95% [5]. Group 3: Competitive Landscape - The competition among large-capacity energy storage cells is intensifying, with manufacturers adopting multiple strategies, including 300Ah+, 500Ah+, and 600Ah+ routes [5][6]. - The 600Ah+ technology route is led by **Sungrow Power Supply**, with participation from several other companies, while **Ningde Times** dominates the 500Ah+ segment [6]. - The article notes a trend where battery manufacturers are entering the downstream system integration market, increasing pressure on system integrators [8]. Group 4: Technical Insights - The article discusses the advantages and challenges of different battery designs, including square and cylindrical cells, with square cells currently being more prevalent [7]. - The article also mentions the potential risks associated with the winding process in cylindrical cells as capacity increases, which could lead to higher internal resistance and structural issues [7].

Core Viewpoint - Desay Battery has shown a mixed performance in stock price and financial results, with a notable increase in revenue but a decline in net profit, indicating potential challenges ahead for the company [1][2]. Financial Performance - As of August 29, 2025, Desay Battery reported a revenue of 9.762 billion yuan for the first half of 2025, representing a year-on-year growth of 9.32% [2]. - The net profit attributable to shareholders for the same period was 97.545 million yuan, which reflects a year-on-year decrease of 9.36% [2]. Stock Market Activity - On September 12, 2025, Desay Battery's stock price increased by 2.02%, reaching 26.20 yuan per share, with a trading volume of 260 million yuan and a turnover rate of 2.63% [1]. - The company's total market capitalization stood at 10.078 billion yuan [1]. - Year-to-date, the stock price has risen by 13.03%, with a slight decline of 0.27% over the last five trading days [1]. Shareholder Information - As of August 29, 2025, the number of shareholders increased to 61,500, up by 3.29% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 3.19% to 6,252 shares [2]. Dividend Distribution - Desay Battery has cumulatively distributed 1.484 billion yuan in dividends since its A-share listing, with 495 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 2.0681 million shares, and several ETFs that have also increased their positions [3].

Group 1 - The core viewpoint is that Hunan Desay Energy Storage is currently operating at a loss, despite reaching full production capacity [2] - Desay Battery (000049.SZ) indicated on the investor interaction platform that it is still in a loss-making state [2] - The company reported a net loss of 177 million yuan in the first half of 2025 [2]

Core Viewpoint - Desay Battery (000049.SZ) is currently not engaged in the consumer cell business, focusing instead on consumer lithium battery power management systems and packaging integration [1] Group 1 - The company primarily operates in the consumer battery sector through power management systems and packaging integration [1] - There is no current involvement in the consumer cell business by the company [1]

Core Viewpoint - Desay Battery's stock has experienced fluctuations, with a recent decline of 2.02% and a year-to-date increase of 11.04%, indicating a mixed performance in the market [1][2]. Financial Performance - For the first half of 2025, Desay Battery reported a revenue of 9.762 billion yuan, reflecting a year-on-year growth of 9.32%. However, the net profit attributable to shareholders decreased by 9.36% to 97.545 million yuan [2]. - Cumulatively, since its A-share listing, Desay Battery has distributed a total of 1.484 billion yuan in dividends, with 495 million yuan distributed over the past three years [3]. Shareholder and Market Activity - As of August 29, 2025, the number of shareholders increased to 61,500, with an average of 6,252 circulating shares per person, a decrease of 3.19% [2]. - The major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 2.0681 million shares, and several ETFs that have also increased their positions [3]. Stock Performance Metrics - As of September 8, 2025, Desay Battery's stock price was 25.74 yuan per share, with a market capitalization of 9.901 billion yuan. The stock has seen a trading volume of 333 million yuan and a turnover rate of 3.34% [1]. - The stock has shown significant gains over various periods: 5.36% over the last 5 trading days, 7.97% over the last 20 days, and 22.11% over the last 60 days [1]. Business Overview - Desay Battery, established in 1985 and listed in 1995, specializes in the production of power management systems and various lithium batteries. Its revenue composition includes 31.93% from smartphones, 19.92% from power tools and smart home products, and 15.47% from laptops and tablets [1]. - The company operates within the electric equipment industry, specifically in the battery and lithium battery sectors, and is involved in concepts such as solid-state batteries, energy storage, and new energy vehicles [1].

Group 1 - The core point of the article is that Desay Battery (000049) has confirmed it is not currently engaged in the consumer battery business [1] Group 2 - The company responded to investor inquiries on September 4 through an interactive platform [1]