Group 1 - The graphite electrode concept increased by 2.28%, ranking 8th among concept sectors, with 18 stocks rising, including He Sheng Silicon Industry, which hit the daily limit, and Shangtai Technology, Suotong Development, and Baichuan Co., which rose by 8.08%, 7.82%, and 5.36% respectively [1] - The main capital inflow into the graphite electrode sector was 491 million yuan, with 11 stocks receiving net inflows, and 7 stocks seeing inflows exceeding 50 million yuan, led by He Sheng Silicon Industry with a net inflow of 363 million yuan [2][3] - The top stocks by net inflow ratio included He Sheng Silicon Industry at 24.70%, Suotong Development at 8.50%, and Xiangfenghua at 8.14% [3] Group 2 - The top gainers in the graphite electrode sector included He Sheng Silicon Industry with a daily increase of 10.01% and a turnover rate of 2.30%, followed by Suotong Development with a 7.82% increase and a turnover rate of 11.07% [3][4] - The stocks with the largest declines included Baotailong, which fell by 2.40%, and Fua'an Co. and Longjiang Transportation, which decreased by 1.73% and 1.62% respectively [1][4] - The overall performance of the graphite electrode sector reflects a positive trend in investor sentiment, as evidenced by the significant capital inflows and the number of stocks experiencing gains [2][3]

江苏百川高科新材料股份有限公司 关于公司合并报表范围内提供担保的进展公告 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。 证券代码:002455 证券简称:百川股份 公告编号:2025-083 债券代码:127075 债券简称:百川转 2 三、担保协议的主要内容 特别风险提示： 截至本公告日，公司除合并报表范围内母子孙公司之间互保外，未进行其他对外担保。无 逾期担保情况，无涉及诉讼的担保，未因担保被判决败诉而承担损失。 公司母子孙公司之间担保余额超过最近一期经审计净资产100%、有对资产负债率超过70% 的被担保对象进行担保，敬请投资者注意担保风险。 一、担保情况概述 （一）担保审议情况 江苏百川高科新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开的第七 届董事会第七次会议和 2025 年 9 月 12 日召开的 2025 年第三次临时股东会审议通过了《关于 公司合并报表范围内提供担保额度预计的议案》，鉴于公司 2024 年审议的担保额度有效期即 将届满，为满足并表范围内母子孙公司日常生产经营和业务发展资金需要，母子孙公司之间未 来 ...

Core Viewpoint - Baichuan Co., Ltd. indicated on November 4 that the company's product sales situation will be detailed in its regular reports [2] Group 1 - The company responded to investor inquiries on an interactive platform [2] - The company emphasized that details regarding product sales will be available in its periodic reports [2]

Core Viewpoint - The company has conducted research and developed products related to quasi-solid-state batteries, but has not yet invested in mass production. The technical team will continue to monitor market developments and will announce any future investment plans in a timely manner [2]. Group 1 - The company has engaged in relevant research and technology reserves for quasi-solid-state batteries [2]. - The company has developed related finished products but has not yet initiated mass production [2]. - The technical team will keep an eye on market trends for potential future investments [2].

Core Viewpoint - Baichuan Co., Ltd. reported a revenue of 1.367 billion yuan in Q3 2025, marking a year-on-year increase of 7.32%, with a total revenue of 4.277 billion yuan for the year-to-date, reflecting a growth of 9.40% [1] Group 1: Company Performance - The company is a leader in fine chemicals, new materials, and new energy, actively expanding its presence in the lithium battery materials sector [1] - Baichuan has established a complete lithium battery industry chain from upstream raw materials to downstream lithium-ion batteries [1] - The subsidiary Haiji New Energy is a key growth driver, focusing on the R&D, production, and sales of lithium-ion batteries and energy storage systems [1] Group 2: Technological Advancements - Haiji's quasi-solid-state battery has achieved significant upgrades in safety, lifespan, and temperature adaptability, with a thermal runaway threshold increased from 170°C to 230°C [2] - The quasi-solid-state battery can undergo over 10,000 cycles at 25°C, covering a lifespan of 10-15 years, thus reducing lifecycle costs [2] - The battery's energy density has improved by 25% compared to current liquid systems, with a mass energy density of ≥220Wh/kg and a volume energy density of ≥480Wh/L [2] Group 3: Market Outlook - The recent launch of the 135Ah 1C energy storage cell demonstrates robust charge and discharge performance, achieving energy efficiency of ≥95% [3] - Haiji New Energy's technological breakthroughs and multi-scenario applications are expected to create a differentiated competitive barrier [3] - The growth potential of the quasi-solid-state battery aligns with the scaling of the energy storage industry and emerging demands in low-altitude economy and high-end manufacturing [3]

Core Viewpoint - Baichuan Co., Ltd. announced a share transfer agreement involving its controlling shareholder, Zheng Tiejiang, who will transfer 3.25 million shares, representing 0.55% of the company's total equity, to his son, Zheng Yuanbo, at a price of 6.8 yuan per share, totaling 22.1 million yuan [1] Company Summary - The share transfer will occur on October 30, 2025, and the transfer price reflects a significant transaction between family members [1] - As of the report, Baichuan Co., Ltd. has a market capitalization of 4.2 billion yuan [1] Industry Summary - For the first half of 2025, Baichuan Co., Ltd.'s revenue composition is as follows: fine chemicals account for 75.51%, new materials for 18.65%, and new energy for 5.84% [1]

Core Insights - Baichuan Co., Ltd. reported a revenue of 4.277 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 9.40% [1] - The net profit attributable to shareholders of the listed company was 4.8067 million yuan, showing a significant year-on-year decrease of 95.32% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -24.2299 million yuan, with basic earnings per share at 0.01 yuan [1]

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。 一、增资事项概述 （一）增资事项的基本情况 江苏百川高科新材料股份有限公司（以下简称"公司"）为满足子公司南通百川新材料有 限公司（以下简称"南通百川"）和宁夏百川新材料有限公司（以下简称"宁夏百川新材料"） 经营发展需求、优化资产负债结构，公司拟以债权转股权的方式向南通百川、宁夏百川新材料 进行增资。具体增资情况如下： 债券代码:127075 债券简称:百川转 2 证券代码:002455 证券简称:百川股份 公告编号:2025—080 江苏百川高科新材料股份有限公司 关于向子公司增资的公告 1、南通百川 公司第七届董事会第八次会议审议通过了《关于向子公司增资的议案》，会议表决结果为 7 票同意、0 票反对、0 票弃权。 本事项需提交公司股东会审议。 （三）本次增资事项不涉及关联交易，也不构成《上市公司重大资产重组管理办法》规定 的重大资产重组。 二、增资标的的基本情况 （一）南通百川 南通百川是公司的全资子公司，公司持有南通百川 100%的股权。公司拟将所持南通百川 9.62 亿元的债权向南通百川进行增资。本次 ...

| 证券代码：002455 | 证券简称：百川股份 | | 公告编号：2025-079 | | --- | --- | --- | --- | | 债券代码：127075 | 债券简称：百川转 | | | | | | 2 | | 江苏百川高科新材料股份有限公司 关于计提资产减值准备的公告 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。 一、计提资产减值准备情况概述 （一）计提资产减值准备的原因 江苏百川高科新材料股份有限公司（以下简称"公司"）为客观、真实反映公司资产价值、 财务状况及经营情况，根据《企业会计准则》及公司会计政策的有关规定，公司及下属子公司 对截至 2025 年 9 月 30 日的各类资产进行了全面检查和减值测试。根据测试结果，基于谨慎性 原则，公司对可能存在减值迹象的资产计提减值准备。 （二）本次计提资产减值准备的具体情况 1、存货跌价准备 报告期内，公司新材料、新能源板块主要产品价格在底部区间运行，公司在对存货进行全 面清查的基础上，基于谨慎性原则，对公司新材料、新能源板块相关产品计提存货跌价准备 2,466.53 万元。 （三）审批程序 ...

证券代码：002455 证券简称：百川股份 公告编号：2025-081 债券代码：127075 债券简称：百川转 2 江苏百川高科新材料股份有限公司 关于召开 2025 年第四次临时股东会的通知 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。 一、召开会议的基本情况 1、股东会届次：2025 年第四次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 17 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 17 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 17 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络 ...