Core Viewpoint - The article analyzes the performance and market capitalization trends of major lithium mining companies in China over the past few years, suggesting that the strong players are likely to remain dominant in the future [2]. Market Capitalization Trends - The article compares the market capitalization of several companies including Tianqi, Rongjie, Shengxin, Ganfeng, Yongxing, and Zhongmin from July 2020 to the present [3]. - Key market capitalization points are highlighted, with Zhongmin set as the baseline (A), showing that other companies have varying multiples of this baseline [9][12][16][19][23]. Production Capacity Changes - Tianqi's equity capacity increased from 70,000 tons to 95,000 tons, with future expectations around 100,000 tons [24]. - Rongjie expanded from 5,000 tons to 25,000 tons, with equity capacity projected to reach 10,000 to 20,000 tons [24]. - Shengxin's capacity grew from 40,000 tons to 137,000 tons, with equity capacity expected to reach 25,000 to 30,000 tons [25]. - Ganfeng's equity capacity rose from over 40,000 tons to 110,000 tons, with total capacity at 260,000 tons and future expectations of 150,000 tons in equity [26]. - Yongxing's capacity increased from 10,000 tons to 30,000 tons, with equity capacity projected to reach 50,000 tons [26]. - Zhongmin's capacity grew from 3,000 tons to 70,000 tons, with equity capacity expected to reach 100,000 tons [26]. Industry Outlook - The article emphasizes that the lithium mining sector is interconnected, and the focus should be on the future growth of equity production capacity, which is crucial for long-term value [26]. - It notes that many high-quality mines have already been acquired, making it challenging to significantly increase equity capacity [27].

法律意见书 广东连越律师事务所 关于融捷股份有限公司 2025 年第二次临时股东大会 法律意见书 致：融捷股份有限公司 广东连越律师事务所（以下简称"本所"）接受融捷股份有限公司（以下简称"融捷 股份"或"公司"）的委托，指派陈涵涵律师、卢润姿律师（以下简称"本所律师"）出席 并见证了公司 2025 年第二次临时股东大会（以下简称"本次股东大会"），并依据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、深 圳证券交易所相关规定及《融捷股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，对本次股东大会的召集、召开程序、出席人员资格、召集人资格、大会表 决程序、表决结果等事宜进行了审查，现发表法律意见如下： 一、关于本次股东大会的召集、召开程序 （一）公司已于 2025 年 7 月 12 日在中国证券监督管理委员会指定的信息披露媒体 上刊登了《融捷股份有限公司关于召开 2025 年第二次临时股东大会的通知》（以下简 称"《股东大会通知》"），以公告形式通知召开本次股东大会。 （一）出席会议的股 ...

融捷股份有限公司公告（2025） 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间：现场会议于 2025 年 7 月 28 日（星期一）下午 4:00 召开； 网络投票时间为：交易系统投票时间为 2025 年 7 月 28 日上午 9:15-9:25、 9:30-11:30，下午 1:00-3:00；互联网投票时间为 2025 年 7 月 28 日上午 9:15-下午 3:00 期间的任意时间。 证券代码：002192 证券简称：融捷股份 公告编号：2025-037 融捷股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、会议召开地点：广州市天河区珠江西路 5 号广州国际金融中心 45 层公司 会议室。 3、会议召开方式：现场会议与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、会议主持人：公司董事长吕向阳先生。 6、会议召集、召开的合规性：本次会议的召集、召开符合《公司法》《上 ...

Core Viewpoint - Recent projects in Guangzhou and Nanjing have commenced, with a total investment exceeding 3 billion yuan, focusing on electronic paper and automotive display sectors [1]. Group 1: Guangzhou Project - The Guangzhou Rongjie Display Technology flexible color display module manufacturing base phase one project has started construction [2]. - The project has a total investment of several hundred million yuan, covering an area of over 50,000 square meters, and will include modern factories, R&D centers, and supporting facilities [4]. - Upon reaching full production, the project is expected to produce tens of thousands of square meters of color electronic paper materials, 20 million flexible color electronic paper displays, and 1 billion electronic tags annually [4]. - The project is led by Guangzhou Rongjie Display Technology Co., Ltd., a subsidiary of Rongjie Group, which focuses on flexible electronic paper display materials and related technologies [4]. Group 2: Nanjing Project - The Ruihua automotive display cover and module project commenced on July 26 in Nanjing [5]. - This project has a total investment of approximately 3 billion yuan and covers about 180 acres, with the first phase utilizing around 78 acres [5]. - Once completed, the project is expected to produce approximately 3 million automotive display glass covers, 1 million automotive display modules, and 500,000 HUD display modules annually [5]. - The project is being developed by Guangdong Ruihua Optoelectronics Technology Co., Ltd., which specializes in automotive display components [6].

Core Viewpoint - The lithium mining sector is experiencing a significant rally, driven by rising lithium carbonate prices and strong market sentiment, particularly in the context of the electric vehicle industry and solid-state battery technology advancements [1][2][4][9]. Lithium Market Dynamics - On July 24, A-shares saw a notable increase, with lithium stocks like Tibet Mining and Yongshan Lithium hitting the daily limit, while others like Ganfeng Lithium and Rongjie shares also surged [1][3]. - The main contract for lithium carbonate futures rose by 7.83% to 77,120 yuan/ton, marking a significant rebound in prices, which have increased over 30% since late June [2][4]. - The average price for battery-grade lithium carbonate increased by 1,350 yuan/ton to 70,450 yuan/ton, while industrial-grade lithium carbonate also saw a similar rise [5]. Regulatory Environment - Recent regulatory actions in Yichun City require lithium mining companies to compile resource verification reports by September 30, raising concerns about potential production halts and contributing to price increases [6][7]. - Cangge Mining announced the suspension of its lithium resource development activities following a notice from local authorities, which could further impact supply dynamics [7]. Global Supply Trends - Prices for lithium spodumene from Australia and Zimbabwe have started to rebound after a period of stagnation, with Australian spodumene priced at $730/ton and Zimbabwean lithium priced at $657.5/ton, reflecting weekly increases of 7.7% and 7.3%, respectively [8]. Battery Industry Outlook - The Chinese automotive battery sector is projected to grow significantly, with a 47.3% year-on-year increase in cumulative battery installation from January to June, driven by the rising demand for electric vehicles [9]. - Solid-state battery technology is gaining traction, with companies like CATL and BYD making progress in development, indicating a potential shift in the battery landscape [10][11]. - The overall demand for lithium batteries is expected to maintain a rapid growth trajectory, supported by advancements in solid-state battery technology and increasing production capacities [10][11].

Group 1 - The core point of the announcement is that Zhang Changhong, one of the actual controllers of Rongjie Co., Ltd., has successfully completed the minimum amount of her shareholding increase plan, which was set at no less than RMB 10 million [1][2] - The shareholding increase plan was disclosed on April 11, 2025, with a timeframe of six months for execution, allowing for purchases through the Shenzhen Stock Exchange without a set price range [1][2] - As of July 16, 2025, Zhang Changhong has acquired a total of 331,400 shares, representing 0.13% of the company's total share capital, bringing her total holdings to 3,106,517 shares, or 1.20% of the total [2] Group 2 - The announcement confirms that the implementation period for the shareholding increase plan has not yet expired, and Zhang Changhong will consider further increases based on investment plans and market conditions [2] - The company assures that all information provided is true, accurate, and complete, with no misleading statements or significant omissions [1][3] - The company will continue to comply with legal and regulatory disclosure obligations regarding any future shareholding changes [2][3]

融捷股份有限公司公告（2025） 证券代码：002192 证券简称：融捷股份 公告编号：2025-036 融捷股份有限公司 关于实际控制人增持股份的进展公告 本公司实际控制人之一张长虹女士保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 近日，融捷股份有限公司（以下简称"公司"）收到实际控制人之一张长虹 女士出具的《关于增持股份金额达到增持计划最低金额的告知函》。现将有关情 况公告如下： 一、增持计划的基本情况 公司于 2025 年 4 月 11 日披露了《关于实际控制人计划增持公司股份的公告》， 张长虹女士计划自公告披露之日起 6 个月内，以自有资金与自筹资金通过深圳证 券交易所交易系统允许的方式增持公司股份，增持金额不低于人民币 1,000 万元。 本次增持不设置价格区间，张长虹女士将根据市场整体走势及对公司股份价值的 合理判断，在实施期限内择机实施增持计划。 关于增持计划的具体内容详见公司于 2025 年 4 月 11 日披露在《中国证券报》 《证券时报》和巨潮资讯网（www.cninfo.com.cn ...

Group 1 - The lithium mining sector experienced a significant surge, with Rongjie Co., Ltd. (002192) rising over 6% [1] - Other companies in the sector, including Tianqi Lithium Industries (002466), Ganfeng Lithium (002460), and Yongxing Materials (002756), also saw increases in their stock prices [1]

Group 1 - The China Rare Metals Theme Index (930632) increased by 0.66% as of July 14, 2025, with notable gains from companies such as San Chuan Wisdom (300066) up 13.45% and Rongjie Co., Ltd. (002192) hitting the daily limit [1] - The Rare Metals ETF (561800) experienced a three-day consecutive rise, with an early session increase of over 2%, and a cumulative increase of 5.55% over the past week as of July 11, 2025 [1][3] - The Rare Metals ETF has a one-year net value increase of 27.96% as of July 11, 2025, with the highest monthly return since inception being 24.02% [3] Group 2 - The top ten weighted stocks in the China Rare Metals Theme Index accounted for 54.07% of the index, including companies like Salt Lake Co. (000792) and Northern Rare Earth (600111) [3] - The market prices for various antimony ingots remained stable as of July 10, 2025, with 2 high bismuth antimony ingot priced at 181,500 CNY/ton [4] - MP Materials is expected to receive significant investment from the U.S. Department of Defense, which could catalyze price increases in the sector and improve the fundamentals in the third quarter [4]

Group 1 - The core point of the announcement is the progress of the shareholding increase plan by the controlling shareholder and actual controller of Rongjie Co., Ltd. [1] - The increase plan was announced on April 11 and 12, 2025, with a duration of six months, where Zhang Changhong plans to invest no less than RMB 10 million and Rongjie Group plans to invest no less than RMB 10 million [1][2] - As of July 11, 2025, the controlling shareholder and actual controller have cumulatively increased their shares by 2,401,449 shares, accounting for 0.92% of the total share capital [2] Group 2 - Rongjie Group has increased its shares by 2,085,549 shares, while Zhang Changhong has increased by 315,900 shares, with a total investment amounting to RMB 69.51 million, including fees [2] - Before the increase, the shareholding situation was as follows: Rongjie Group held 2,775,117 shares (1.07%), and after the increase, it holds 3,091,017 shares (1.19%) [2] - Rongjie Group has reached the minimum investment amount of its increase plan, while Zhang Changhong has not yet reached her minimum investment amount and will continue to implement the increase plan [2]