Core Viewpoint - The company has clarified that it has not signed the rumored 600 million yuan order for European liquid-cooled energy storage cabinets, despite investor inquiries [1] Group 1 - An investor inquired about a rumored order worth 600 million yuan for European liquid-cooled energy storage cabinets [1] - The company responded on the interactive platform, confirming that the mentioned order has not been signed [1]

Core Insights - The lithium battery sector in the A-share market has shown strong performance, with several stocks experiencing significant gains, indicating positive market sentiment and potential investment opportunities [1] Group 1: Stock Performance - Aok股份 (Aok Co., Ltd.) saw an increase of 11.54%, with a total market capitalization of 86.78 billion and a year-to-date gain of 103.51% [2] - 泰和科技 (Taihe Technology) rose by 10.88%, with a market cap of 78.11 billion and a year-to-date increase of 126.81% [2] - 中利集团 (Zhongli Group) experienced a 10.03% rise, with a market cap of 115 billion and a year-to-date gain of 57.38% [2] - 康隆达 (Kanglongda) increased by 10.02%, with a market cap of 50.43 billion and a year-to-date gain of 121.67% [2] - 石大胜华 (Shida Shenghua) rose by 10.00%, with a market cap of 193 billion and a year-to-date increase of 137.34% [2] - 兆新股份 (Zhaoxin Co., Ltd.) increased by 9.97%, with a market cap of 79.16 billion and a year-to-date gain of 57.54% [2] - 诺德股份 (Nord Co., Ltd.) rose by 7.44%, with a market cap of 135 billion and a year-to-date increase of 95.00% [2] - 曼恩斯特 (Mannester) increased by 7.19%, with a market cap of 88.75 billion and a year-to-date gain of 13.82% [2] - 永太科技 (Yongtai Technology) rose by 6.47%, with a market cap of 247 billion and a year-to-date increase of 198.21% [2] - 壹连科技 (Yilian Technology) increased by 5.80%, with a market cap of 90.31 billion and a year-to-date gain of 6.07% [2] - 富祥药业 (Fuxiang Pharmaceutical) rose by 5.29%, with a market cap of 78.27 billion and a year-to-date increase of 74.22% [2] - 滨海能源 (Binhai Energy) increased by 5.04%, with a market cap of 29.17 billion and a year-to-date gain of 26.86% [2] Group 2: Market Indicators - The MACD golden cross signal has formed, indicating a positive trend in the stock prices of these companies, suggesting potential for further gains in the lithium battery sector [1]

Core Viewpoint - Zhaoxin Co., Ltd. has shown significant stock price growth this year, with a notable increase in trading activity and positive financial performance indicators [1][2][3]. Stock Performance - Zhaoxin's stock price has increased by 46.43% year-to-date, with a 13.89% rise in the last five trading days, 15.67% in the last 20 days, and 59.05% over the last 60 days [2]. - The stock reached a price of 3.69 CNY per share, with a market capitalization of 7.358 billion CNY [1]. Trading Activity - As of November 12, the net inflow of main funds was 9.3692 million CNY, with large orders accounting for 21.53% of total buying and 20.03% of total selling [1]. - Zhaoxin has appeared on the "Dragon and Tiger List" four times this year, with the most recent net purchase of 41.2747 million CNY on September 5 [2]. Financial Performance - For the period from January to September 2025, Zhaoxin reported revenue of 322 million CNY, reflecting a year-on-year growth of 34.45%, and a net profit attributable to shareholders of 4.9078 million CNY, up 105.50% year-on-year [3]. - The company has distributed a total of 310 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4]. Shareholder Information - As of October 31, the number of shareholders increased to 122,100, with an average of 15,981 circulating shares per person, a slight decrease of 0.82% [3]. - The top ten circulating shareholders saw a change, with one major fund exiting the list as of September 30, 2025 [4]. Business Overview - Zhaoxin Co., Ltd. specializes in the development, production, and sales of aerosol products, with its main revenue sources being fine chemical products (45.85%), photovoltaic power generation (26.14%), photovoltaic construction (23.74%), and new chemical materials (4.27%) [2]. - The company operates within the public utility sector, specifically in the electricity and photovoltaic power generation industry [2].

Group 1 - The core viewpoint of the article is that the Qianjiaying Coal Mine low-concentration gas utilization project is progressing as planned, with expected returns on investment being highlighted [2] - The joint venture between the company and Zhejiang Yiyang Energy is currently in the process of establishing the project, which has not yet entered the construction phase [2] - The project is anticipated to achieve a capital return rate of 17%, with the potential for the internal rate of return (IRR) to increase to between 20% and 30% when factoring in CCER carbon asset revenues [2]

Group 1 - The stock of Zhaoxin Co., Ltd. increased by 10.03%, closing at 3.73 yuan on November 10 [1] - A block trade occurred with a total volume of 700,000 shares and a transaction amount of 2.611 million yuan, with a premium rate of 0.00% [1] - The buyer was CITIC Securities Co., Ltd. from Quanzhou, while the seller was an institutional entity [1] Group 2 - Over the past three months, there has been one block trade for this stock, totaling 2.611 million yuan [1] - In the last five trading days, the stock has risen by 20.71%, with a net inflow of 245 million yuan from main funds [1]

Market Overview - The electricity sector increased by 0.27% compared to the previous trading day, with ShenNan Electric A leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Gainers in the Electricity Sector - ShenNan Electric A (code: 000037) closed at 9.98, up 10.03% with a trading volume of 230,000 shares and a transaction value of 226 million [1] - ZhaoXin Co., Ltd. (code: 002256) also rose by 10.03% to close at 3.73, with a trading volume of 1.285 million shares and a transaction value of 466 million [1] - MinDong Electric Power (code: 000993) increased by 10.00% to close at 15.29, with a trading volume of 677,000 shares and a transaction value of 983 million [1] Top Losers in the Electricity Sector - JingNeng Heat (code: 002893) fell by 5.78% to close at 11.89, with a trading volume of 264,500 shares and a transaction value of 316 million [2] - ST Lingda (code: 300125) decreased by 3.36% to close at 10.36, with a trading volume of 70,000 shares and a transaction value of 7.35 million [2] - XinZhu Co., Ltd. (code: 002480) dropped by 3.03% to close at 7.05, with a trading volume of 500,700 shares and a transaction value of 361 million [2] Capital Flow in the Electricity Sector - The electricity sector saw a net inflow of 578 million from main funds, while retail funds experienced a net outflow of 109 million [2] - Main funds showed significant net inflows in MinDong Electric Power (2.06 million) and ZhaoXin Co., Ltd. (1.42 million) [3] - ShenNan Electric A had a net inflow of 97.44 million from main funds, but retail funds showed a net outflow of 44.94 million [3]

Core Viewpoint - Zhaoxin Co., Ltd. has signed a strategic cooperation agreement with Zhejiang Yiyang Energy Technology Co., Ltd. to establish a joint venture focusing on the utilization of low-concentration coal mine gas, waste heat utilization, and carbon asset development, aligning with national energy policies [1][2] Group 1: Policy Alignment - The recent national energy policy emphasizes the transformation of low-concentration gas from waste emissions to energy resources, promoting a diversified energy supply system [1] - The policy encourages the integration of multiple energy sources, such as gas, photovoltaics, and energy storage, to enhance energy supply stability and resilience [1] - Low-concentration coal mine gas with a concentration of less than 8% is included in the CCER trading system, improving the market value mechanism [1] Group 2: Business Strategy - Zhaoxin's entry into low-concentration gas utilization aligns with the latest industrial policies and the "14th Five-Year Plan" for energy strategy, aiming to create a synergistic development model of resource recovery, new energy production, and carbon asset development [1][2] - The company will leverage Yiyang Energy's advanced heat storage oxidation technology for efficient and harmless treatment of low-concentration gas, converting waste into stable green energy supply [2] - The project will utilize a digital operation platform for the integrated management of gas oxidation, waste heat recovery, and energy generation, establishing a dynamic balance between resources and energy [2] Group 3: Economic and Environmental Impact - By capitalizing on CCER trading policy benefits, Zhaoxin aims to convert project emission reductions into tradable carbon assets, creating a closed-loop of environmental governance, energy production, and carbon asset appreciation [2] - This approach not only enhances project economics but also facilitates the transformation of mining areas into comprehensive energy service bases, aligning with national goals for low-carbon transition through market mechanisms [2]

Group 1 - The lithium battery sector is experiencing a strong rally, with electrolyte and lithium iron phosphate leading the gains. Stocks such as Fangyuan Co. and Huasheng Lithium have hit the daily limit up, while Haike Xinyuan surged over 18% [1] - Domestic lithium carbonate futures contracts have seen a significant increase, with the main contract rising over 6% to exceed 86,000 yuan/ton. Since the beginning of Q4 this year, the main contract has accumulated a nearly 20% increase [1] - Citigroup's report indicates a strong potential demand for batteries in the coming years, predicting a 31% year-on-year growth in battery demand by 2026. The resumption of mining at Jiangxiawo is unlikely to change the destocking trend, with an expected reduction of approximately 15,000 tons of lithium inventory by November 2025 [1] Group 2 - Notable stock performances include Fangyuan Co. with a 20.02% increase, Huasheng Lithium at 20.00%, and Haike Xinyuan at 18.20%. Other companies like Yicheng New Energy and Qingshuiyuan also showed significant gains [1] - Year-to-date performance highlights include Huasheng Lithium with a 297.78% increase, Fangyuan Co. at 117.98%, and Haike Xinyuan at 283.33%, indicating strong market interest and investor confidence in these stocks [1]

Group 1 - The A-share market saw a strong performance in the power sector, with several stocks hitting the daily limit up [1] - ShenNan Electric A, ZhaoXin Co., and MinDong Power all reached the daily limit up, indicating significant investor interest [1] - MeiYan JiXiang increased by over 6%, while NanWang Storage gained over 5%, and HuaYin Power rose over 4% [1] Group 2 - ZhongMin Energy and HuaDian Energy both experienced gains of over 3%, reflecting a positive trend in the industry [1]

立足政策红利及产业痛点，兆新股份率先探索出差异化发展路径。以钱家营项目为载体，兆新股份创新 构建"资源高效回收+能源利用+环境价值变现"三维协同模式。依托蓄热氧化（RTO）核心技术，实现低 浓度瓦斯安全无害化处理与余热回收，高效盘活长期被闲置的煤矿伴生资源；通过市场化减排机制挖掘 环境价值，精准落地"市场化低碳转型"政策要求；借助数字化智能运维平台实现能源供给动态调度，推 动矿区从单一生产型向综合能源服务型基地转型，将国家战略转化为可复制、可推广的商业范式。 兆新股份相关负责人还表示，随着行业规模化发展与政策红利持续释放，公司将加速复制成熟技术与商 业模式，拟重点向山西、陕西、内蒙古等等煤炭主产区拓展，提前抢占市场高地。 作为A股深耕矿区低浓度瓦斯资源化利用的领军企业，兆新股份前三季度营收3.22亿元，同比增长 34.45%，归母净利润490.78万元，同比扭亏为盈。 兆新股份相关负责人表示，公司打造"处理服务费+发电／供热收入+CCER碳收益"多元收益闭环，以钱 家营项目为标杆，预计其资本金回报率可达17%，CCER可进一步提升全投资内部收益率（IRR）超过 3.5%，显著增强了项目的盈利韧性与抗风险能力。 ...