Core Viewpoint - Enjie Co., Ltd. is a leading global lithium battery separator manufacturer, showcasing strong technological and scale advantages, but faces challenges in profitability despite significant revenue growth in its core business [1][2]. Group 1: Business Performance - In Q3 2025, Enjie reported revenue of 9.543 billion yuan, ranking 10th among 44 companies in the industry, surpassing the industry average of 6.52 billion yuan and median of 4.845 billion yuan, but significantly lower than the top two competitors, Zhongwei Co. (33.297 billion yuan) and Gree (27.498 billion yuan) [2]. - The main business segment, lithium battery separators, generated 4.82 billion yuan, accounting for 83.64% of total revenue [2]. - The net profit for the same period was -113 million yuan, placing the company 30th in the industry, well below the top performers, with the industry average net profit at 198 million yuan [2]. Group 2: Financial Ratios - As of Q3 2025, Enjie's debt-to-asset ratio was 44.78%, an increase from 42.78% year-on-year, but still below the industry average of 51.96% [3]. - The gross profit margin for the same period was 15.90%, down from 20.96% year-on-year, yet higher than the industry average of 10.89% [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 22.09% to 123,100, while the average number of circulating A-shares held per shareholder decreased by 18.81% to 6,565.83 shares [5]. - The top ten circulating shareholders included notable entities such as Quan Guo Xu Yuan and Hong Kong Central Clearing Limited, with varying changes in shareholding [5]. Group 4: Strategic Developments - Enjie is actively expanding into solid-state battery technology, with ongoing projects in Yunnan and Changsha for solid electrolyte and lithium sulfide, respectively [6]. - The company reported a revenue of 5.76 billion yuan in the first half of 2025, reflecting a year-on-year growth of 20.5%, with membrane business revenue accounting for 88.39% of total revenue [6].

Core Viewpoint - Solid-state battery technology is developing rapidly, but full commercialization will still require time according to the chairman of Enjie Co., Ltd. [2][8] Group 1: Solid-State Battery Development - Enjie Co., Ltd. is a leading A-share lithium battery separator company, focusing on high-purity lithium sulfide, sulfide solid electrolytes, and sulfide solid electrolyte membrane products [2][6] - The research team from Tsinghua University and Tianjin University published findings in "Nature" that address the "fast charging" challenge of solid-state batteries [2] - Enjie has established a pilot line for high-purity lithium sulfide and has begun production of solid electrolytes at a 10-ton scale [7] Group 2: Market and Financial Performance - Enjie Co., Ltd. reported a significant change in its financial performance in Q3 2025, with a net profit attributable to shareholders of 6.79 million yuan, marking a turnaround from previous losses [13][16] - The company's revenue for Q3 2025 was 3.78 billion yuan, a year-on-year increase of 40.98%, aligning with the overall growth of the lithium battery separator industry [16] - The company is experiencing high capacity utilization and expects the separator and lithium battery industry to maintain a high growth trajectory in the coming years [15][16] Group 3: Industry Outlook - Full solid-state batteries are still in the early stages of industrial development, with rapid technological advancements but a significant distance to full commercialization [8][9] - The company anticipates that solid-state batteries will find applications in deep space, deep sea, and deep earth, coexisting with existing liquid and semi-solid batteries [9]

Core Viewpoint - The company, Enjie Co., Ltd. (002812.SZ), announced its advancements in the semi-solid and all-solid-state battery separator business, highlighting its production capabilities and market expansion efforts [1] Group 1: Semi-Solid Battery Separator Business - The company's subsidiary, Jiangsu Sanhe Battery Materials Technology Co., Ltd., has the capability for mass production of semi-solid battery separators and is actively exploring market opportunities [1] Group 2: All-Solid-State Battery Materials - The company's other subsidiary, Hunan Enjie Frontier New Materials Technology Co., Ltd., focuses on the research and development of high-purity lithium sulfide, sulfide solid electrolytes, and sulfide solid electrolyte films [1] - The pilot line for high-purity lithium sulfide has been established, and a 10-ton production line for solid electrolytes has been put into operation, demonstrating shipping capabilities [1] Group 3: Production Capacity and Market Position - The company maintains a leading position in production capacity utilization within the industry, continuously enhancing its market share [1] - With recent strengthening in downstream demand, the company's production capacity utilization rate is currently high [1]

Group 1: Company Overview and Production Capacity - Yunnan Enjie New Materials Co., Ltd. is one of the earliest companies in China's lithium battery industry to establish overseas production capacity, starting with a project in Hungary in 2020, which has a capacity of 400 million square meters and is currently in production [2] - The company announced a project in the United States in January 2024, aiming for a coating film capacity of 700 million square meters, which is progressing well [2] - The company has operational overseas bases, providing a significant first-mover advantage in the global market [2] Group 2: Research and Development - The company has long-term investments in semi-solid and solid-state battery materials, with its subsidiary Jiangsu Sanhe Battery Materials Technology Co., Ltd. capable of mass production of semi-solid battery separators [3] - Hunan Enjie Frontier New Materials Technology Co., Ltd., another subsidiary, focuses on high-purity lithium sulfide and solid-state electrolyte products, with a pilot line for high-purity lithium sulfide already established and a 10-ton production line for solid-state electrolytes in operation [3] Group 3: Financial Performance and Market Trends - The company's third-quarter gross margin improved slightly, attributed to increased shipment volumes and reduced depreciation impacts [4] - The overall industry demand is strong, and product prices are influenced by supply and demand dynamics as well as product performance [4] - The company is committed to enhancing product performance and structure to improve gross margins [4] Group 4: Product Specifications and Market Position - The company's wet-process base film products primarily consist of 7um and 9um variants, with specific revenue proportions available in financial disclosures [4] - The industry has experienced a slowdown in new capacity additions due to previous oversupply, which is expected to improve the supply-demand balance in the future [5] - The company maintains a leading capacity utilization rate and aims to provide high-quality separator products to global customers [5] Group 5: Industry Outlook and Strategic Goals - The company is focused on high-quality development and aims to achieve competitive advantages through high technology, quality, and efficiency [5] - It emphasizes collaboration with upstream and downstream partners to foster innovation and ensure the healthy development of the new energy supply chain [5]

Group 1 - The core viewpoint of the article is that Enjie Co., Ltd. reported a significant increase in revenue for the first three quarters of 2025, but also faced a net loss attributed to shareholders [1] - The company achieved an operating income of 9.543 billion yuan, representing a year-on-year growth of 27.85% [1] - The net loss attributable to shareholders was 86.32 million yuan, indicating financial challenges despite revenue growth [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 84.37 million yuan [1]

Group 1: Guizhou Moutai - Guizhou Moutai reported a net profit of 646.27 billion yuan for the first three quarters of 2025, an increase of 6.25% year-on-year [1][2] - The company's revenue for the first three quarters reached 1,284.54 billion yuan, reflecting a growth of 6.36% compared to the previous year [1][2] Group 2: Midea Group - Midea Group achieved a net profit of 378.83 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 19.51% [3][4] - The company's revenue for the same period was 3,630.57 billion yuan, up 13.82% year-on-year [3][4] Group 3: Mindray Medical - Mindray Medical reported a net profit of 75.7 billion yuan for the first three quarters of 2025, a decline of 28.83% year-on-year [5][6] - The company's revenue for the first three quarters was 258.34 billion yuan, down 12.38% compared to the previous year [5][6] Group 4: SanHuan Group - SanHuan Group's net profit for the first three quarters of 2025 was 19.59 billion yuan, reflecting a growth of 22.16% year-on-year [7][8] - The company's revenue for the same period reached 65.08 billion yuan, an increase of 20.96% year-on-year [7][8] Group 5: Longyuan Power - Longyuan Power reported a net profit of 43.93 billion yuan for the first three quarters of 2025, a decrease of 21.02% year-on-year [9][10] - The company's revenue for the same period was 222.21 billion yuan, down 17.29% compared to the previous year [9][10] Group 6: China Nuclear Power - China Nuclear Power's net profit for the first three quarters of 2025 was 80.02 billion yuan, a decline of 10.42% year-on-year [12][13] - The company's revenue for the same period reached 616.35 billion yuan, an increase of 8.16% year-on-year [12][13] Group 7: Fenjie Media - Fenjie Media reported a net profit of 42.40 billion yuan for the first three quarters of 2025, an increase of 6.87% year-on-year [14][15] - The company's revenue for the same period was 96.07 billion yuan, reflecting a growth of 3.73% year-on-year [14][15] Group 8: Tianfu Communication - Tianfu Communication achieved a net profit of 14.65 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 50.07% [17][18] - The company's revenue for the same period was 39.18 billion yuan, up 63.63% year-on-year [17][18] Group 9: Lingyi Technology - Lingyi Technology reported a net profit of 19.41 billion yuan for the first three quarters of 2025, reflecting a growth of 37.66% year-on-year [19][20] - The company's revenue for the same period reached 375.90 billion yuan, an increase of 19.25% year-on-year [19][20] Group 10: Rongsheng Petrochemical - Rongsheng Petrochemical's net profit for the first three quarters of 2025 was 8.88 billion yuan, a growth of 1.34% year-on-year [21] - The company's revenue for the same period was 2,278.15 billion yuan, down 7.09% compared to the previous year [21] Group 11: ShenNan Circuit - ShenNan Circuit reported a net profit of 23.26 billion yuan for the first three quarters of 2025, an increase of 56.30% year-on-year [22] - The company's revenue for the same period was 167.54 billion yuan, reflecting a growth of 28.39% year-on-year [22] Group 12: Jiangbolong - Jiangbolong achieved a net profit of 7.13 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 27.95% [23] - The company's revenue for the same period reached 167.34 billion yuan, up 26.12% year-on-year [23] Group 13: New Yisheng - New Yisheng reported a net profit of 63.27 billion yuan for the first three quarters of 2025, reflecting a growth of 284.37% year-on-year [24] - The company's revenue for the same period was 165.05 billion yuan, an increase of 221.70% year-on-year [24] Group 14: China Merchants Bank - China Merchants Bank achieved a net profit of 1,137.72 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 0.52% [25] - The company's revenue for the same period was 2,514.2 billion yuan, down 0.51% compared to the previous year [25] Group 15: Zhongwei Company - Zhongwei Company reported a net profit of 12.11 billion yuan for the first three quarters of 2025, a growth of approximately 32.66% year-on-year [26] - The company's revenue for the same period reached 80.63 billion yuan, an increase of approximately 46.40% year-on-year [26] Group 16: Microchip Biotech - Microchip Biotech's non-public offering was approved, aiming to raise up to 9.5 billion yuan for innovative drug research and development [27] Group 17: Longyuan Power's Fundraising - Longyuan Power plans to raise up to 50 billion yuan through a private placement to invest in renewable energy projects [28] Group 18: North University Pharmaceutical - North University Pharmaceutical's chairman was detained for investigation, but the company's operations remain normal [29] Group 19: Deyang Shares - Deyang Shares reported a net profit of 23.47 billion yuan for the first three quarters of 2025, a growth of 4.79% year-on-year [30] Group 20: Xiechuang Data - Xiechuang Data achieved a net profit of 6.98 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 25.30% [31] Group 21: Zhifei Biological - Zhifei Biological reported a net loss of 12.06 billion yuan for the first three quarters of 2025, primarily due to lower sales and increased provisions [32] Group 22: Softcom Power - Softcom Power achieved a net profit of 9.89 billion yuan for the first three quarters of 2025, reflecting a growth of 30.21% year-on-year [33] Group 23: Magmi Technology - Magmi Technology reported a net profit of 2.13 billion yuan for the first three quarters of 2025, a decline of 48.29% year-on-year [34] Group 24: Huali Group - Huali Group's net profit for the first three quarters of 2025 was 24.35 billion yuan, a decrease of 14.34% year-on-year [35]

关于拟变更公司名称并修订《公司章程》及办理工商变更登记的公告 证券代码：002812 股票简称：恩捷股份 公告编号：2025-181 债券代码：128095 债券简称：恩捷转债 云南恩捷新材料股份有限公司 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日 召开第五届董事会第四十八次会议，审议通过了《关于拟变更公司名称并修订< 公司章程>及办理工商变更登记的议案》，本议案尚须提交公司 2025 年第八次临 时股东会审议。现将具体情况公告如下： 1、本次拟变更的公司名称尚需向市场监督管理部门办理变更登记，最终以 市场监督管理部门核准为准。 2、公司中文证券简称"恩捷股份"、英文证券简称"ENERGY TECHNOLOGY" 和证券代码"002812"不变；公司可转换公司债券简称"恩捷转债"及债券代码 "128095"不变。 为使公司名称与公司业务板块集团化运作的发展战略相匹配，拟变更公司名 称为"云南恩捷新材料（集团）股份有限公司"，英文名称相应变更为"Yunnan Energy New M ...

云南恩捷新材料股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料股份有限公司（以下简称"公司"）为真实、准确、客观反映 公司的财务状况和经营成果，根据《企业会计准则》等相关规定，本着谨慎性原 则，对合并财务报表范围内的各项需要计提减值的资产进行了评估和分析，对预 计存在较大可能发生减值损失的相关资产计提减值准备。公司根据《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南第 1 号——业务办 理》等相关规定，现将具体情况公告如下： 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 债券代码：128095 债券简称：恩捷转债 证券代码：002812 股票简称：恩捷股份 公告编号：2025-183 注：数值若出现总数与各分项数值之和尾数不符，为四舍五入原因所致。 | 证券代码：002812 | 股票简称：恩捷股份 | 公告编号：2025-183 | | --- | --- | --- | | 债券代码：128095 | 债券简称：恩捷转债 | | （三）公司对本次 ...

证券代码：002812 股票简称：恩捷股份 公告编号：2025-182 债券代码：128095 债券简称：恩捷转债 一、召开会议的基本情况 1、股东会届次：2025年第八次临时股东会 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《云南恩捷新材料 股份有限公司章程》的有关规定。 4、会议时间： 云南恩捷新材料股份有限公司 关于召开2025年第八次临时股东会的通知 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料股份有限公司（以下简称"公司"）第五届董事会第四十八次 会议于2025年10月29日召开，会议决议于2025年11月17日在公司全资子公司云南 红塔塑胶有限公司三楼会议室以现场投票和网络投票相结合的方式召开公司 2025年第八次临时股东会，现将本次股东会的有关事项公告如下： （1）现场会议时间：2025年11月17日 14:00 （2）网络投票时间：通过深圳证券交易所系统进行 ...

证券代码：002812 股票简称：恩捷股份 公告编号：2025-179 债券代码：128095 债券简称：恩捷转债 第五届董事会第四十八次会议决议公告 云南恩捷新材料股份有限公司 二、董事会会议审议情况 经全体董事表决，形成决议如下： （一）审议通过《关于公司<2025 年第三季度报告>的议案》 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 云南恩捷新材料股份有限公司（以下简称"公司"）第五届董事会第四十八次 会议（以下简称"本次会议"）于 2025 年 10 月 29 日上午 10 时在公司控股子公司 上海恩捷新材料科技有限公司三楼会议室以现场及通讯方式召开。本次会议由董 事长 Paul Xiaoming Lee 先生主持，会议通知已于 2025 年 10 月 25 日以电话、电 子邮件、书面等方式通知全体董事及高级管理人员。本次会议应到董事九人，实 际出席会议的董事九人（其中董事翟俊、董事向明、独立董事李哲、独立董事潘 思明、独立董事张菁以通讯方式出席并表决）。公司高级管理人员列席了本次会 议。本次会议的召集、召开符合《中华人民共和国公司 ...