格隆汇12月4日｜恩捷股份公告，公司正在筹划通过发行股份等方式购买资产并募集配套资金事项，因 有关事项尚存不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响，经向深圳证券交易 所申请，公司股票自2025年12月1日开市时起开始停牌，预计停牌时间不超过10个交易日。截至本公告 披露之日，公司及有关各方正在积极推进本次交易的各项工作，相关各方正在就交易方案进行协商、论 证和确认。为了维护投资者利益，避免公司证券交易价格出现异常波动，根据深圳证券交易所的相关规 定，公司股票继续停牌。 ...

证券代码：002812 股票简称：恩捷股份 公告编号：2025-197 云南恩捷新材料股份有限公司 截至本公告披露之日，公司及有关各方正在积极推进本次交易的各项工作， 相关各方正在就交易方案进行协商、论证和确认。为了维护投资者利益，避免公 司证券交易价格出现异常波动，根据深圳证券交易所的相关规定，公司股票继续 停牌。 停牌期间，公司将根据本次交易相关事项的进展情况及时履行信息披露义务。 公司将严格按照法律法规、规范性文件的有关规定积极推进本次交易筹划事项的 各项工作，履行必要的审议程序，及时向深圳证券交易所提交和披露符合相关规 定的文件并申请股票复牌。公司所有信息均以在指定信息披露媒体披露的内容为 准。因本次交易最终能否实施尚存在较大不确定性，敬请广大投资者注意投资风 险。 特此公告。 云南恩捷新材料股份有限公司董事会 二零二五年十二月四日 关于筹划发行股份购买资产并募集配套资金事项的停牌进展公告 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"）正在筹划通过发行股份等 方式购买资产并募集配套资金事项，因有关事项尚存不确定性 ...

Core Viewpoint - Enjie Co., Ltd. is planning to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. and raise matching funds, indicating a strategic move to extend its upstream supply chain capabilities [2][5][6] Company Summary - Enjie Co., Ltd. is a leading manufacturer of lithium battery separators, holding the largest market share globally and excelling in production scale, cost control, and market expansion [5] - The company has established itself in the supply chains of renowned lithium battery manufacturers such as LGES, Panasonic, and CATL [5] Acquisition Details - The acquisition of Zhongke Hualian is aimed at enhancing industrial synergy and is currently in negotiation with all shareholders of Zhongke Hualian [6] - An intention agreement for the acquisition has been signed with the main counterparties [6] Financial Performance - In Q3 2025, Enjie Co., Ltd. reported revenue of 3.78 billion yuan, a quarter-on-quarter increase of 24.59%, and a net profit of 6.79 million yuan, marking a return to profitability [5] - The gross margin for the quarter was 16.46%, reflecting a quarter-on-quarter improvement of 2.37 percentage points [5] Market Conditions - The separator industry is facing intensified competition and overall profitability pressure [5] - Enjie Co., Ltd. is actively expanding its overseas market presence while consolidating its domestic market share [5] - The company anticipates a gradual recovery in separator product prices due to reduced new capacity additions in the industry compared to the previous year [6] - Demand for energy storage batteries remains strong, and the overall demand for downstream applications is expected to continue growing, leading to a potential balance in supply and demand [6]

Core Viewpoint - Enjie Co., a leading lithium battery separator manufacturer, is making a strategic acquisition of Qingdao Zhongke Hualian New Materials Co., a wet-process separator equipment supplier, amidst industry challenges and its own financial losses [1][3]. Group 1: Financial Performance and Market Conditions - Enjie Co. reported a revenue increase of 27.85% year-on-year to 9.543 billion yuan for Q3 2025, but faced a net loss of 86 million yuan, a 119.5% decline compared to the previous year [1]. - The average price of mainstream wet-process 7μm separators fell to 0.74 yuan/square meter in the first half of 2025, a 25% year-on-year decrease, indicating intense price competition in the industry [1]. - Enjie Co.'s net profit margin was only 0.95%, significantly lower than competitors like Cangzhou Mingzhu (8.34%) and Zhongcai Technology (6.58%) [2]. Group 2: Strategic Acquisition and Industry Integration - The acquisition of Zhongke Hualian represents a vertical integration strategy, allowing Enjie Co. to combine separator manufacturing with equipment supply, enhancing operational synergy [3]. - Zhongke Hualian has established production bases with a total capacity of approximately 2 billion square meters, with additional facilities under construction that could bring total capacity to 5 billion square meters [4]. - This acquisition will enable Enjie Co. to reduce equipment procurement costs, optimize production processes, and gain significant market share in the lithium battery separator industry [5]. Group 3: Future Outlook and Market Positioning - Enjie Co. believes the industry is at a critical turning point from oversupply to supply-demand balance, with new capacity additions expected to be lower than the previous year [6][7]. - The company is experiencing a stable increase in demand and order volume, indicating a recovery in the market [7]. - Enjie Co. is also expanding its global footprint with projects in Hungary and the U.S., and is preparing for next-generation battery technologies, positioning itself to navigate the industry's downturn [7][8].

Core Viewpoint - Enjie Co., Ltd. plans to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. through share issuance and raise supporting funds, with stock suspension starting from December 1 [1] Group 1: Company Overview - Enjie Co., Ltd. is a leading lithium battery separator manufacturer [1] - Qingdao Zhongke Hualian was established on November 11, 2011, and specializes in the R&D, production, and sales of various new materials, including wet-process PE separators, BOPET, PI separators, proton exchange membranes, and high-strength fibers [2] - The company provides comprehensive solutions for automated production lines, including equipment installation, debugging, technical training, after-sales maintenance, and technical guidance [2] Group 2: Transaction Details - The transaction is currently in the planning stage, with preliminary agreements signed with major shareholders of Zhongke Hualian [2] - Enjie is expected to disclose the transaction plan within 10 trading days, by December 15, in accordance with relevant disclosure requirements [3] - If the company fails to hold a board meeting and disclose the transaction plan by the deadline, its stock will resume trading on December 15 and the planning will be terminated [3]

Core Viewpoint - Enjie Co., Ltd. is planning to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. and raise supporting funds, indicating a strategic move to extend its upstream presence in the lithium battery separator industry [1] Company Summary - Enjie Co., Ltd. is a leading company in the lithium battery separator sector and is currently in discussions with shareholders of Zhongke Hualian [1] - The company reported a strong order backlog and high capacity utilization, with stable growth in downstream customer demand and orders [1] - Enjie anticipates a further increase in shipment volume by 2025, driven by robust demand in the energy storage sector [1] Industry Summary - The separator product price is expected to gradually recover positively in the future [1] - On the supply side, new capacity additions in the industry this year are lower than last year, indicating an improvement in supply conditions [1] - The separator industry faces challenges with long expansion cycles and heavy asset investments, making capacity expansion difficult and less motivated [1] - Overall, the downstream demand is on an upward trend [1]

Core Viewpoint - The lithium battery separator industry is experiencing a significant price increase, with a leading company announcing a 30% price hike for its wet-process separator products due to rising raw material costs and changes in market supply and demand dynamics [3][4]. Group 1: Price Adjustments and Market Dynamics - A recent price adjustment notice indicates that several top separator manufacturers are raising prices, following a previous price increase initiated by another company [3][4]. - The wet-process separator industry is currently in a second round of price increases, driven by strong terminal demand and manufacturers preparing raw material inventories for next year's needs [3][4]. - The overall capacity utilization rate in the wet-process separator industry has exceeded 90%, indicating robust production levels [3][4]. Group 2: Future Demand and Supply Outlook - The demand for wet-process separators is expected to increase further as battery manufacturers transition from dry to wet processes by 2026, likely leading to significant supply orders from battery manufacturers [3][4]. - The separator price is projected to stabilize at a reasonable level by the third quarter of 2025, with future price increases driven by a reversal in supply-demand structure and a slowdown in new capacity expansion [4]. - The industry is expected to see improved profitability as supply constraints and increasing demand balance out, with a focus on cautious capacity expansion among leading companies [4].

Core Viewpoint - Enjie Co., Ltd. plans to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. through a combination of issuing shares and raising supporting funds, marking a significant strategic move to extend its upstream supply chain in the lithium battery separator industry [1] Group 1: Acquisition Details - The acquisition involves signing a letter of intent with all shareholders of Zhongke Hualian, which was established in 2011 and specializes in the research, production, and sales of complete sets of wet lithium battery separator equipment [1] - Zhongke Hualian provides integrated solutions for lithium battery separator production, covering the entire chain from equipment installation to after-sales service [1] Group 2: Strategic Importance - As the leading company in the global lithium battery separator market, Enjie's acquisition is a key strategic initiative to enhance its core competitiveness in the new energy materials equipment sector [1] - The integration of Zhongke Hualian's technological expertise and industrial resources in wet separator equipment is expected to improve production efficiency and technological iteration capabilities [1] Group 3: Market Position - Enjie’s customer base includes major domestic and international battery manufacturers such as CATL and LGES, and this upstream extension is anticipated to further solidify its leading position in the global lithium materials market [1]

Core Viewpoint - Enjie Co., Ltd. is planning a significant acquisition to enhance its market competitiveness by purchasing 100% of Qingdao Zhongke Hualian New Materials Co., Ltd. and raising matching funds [1][4] Group 1: Acquisition Details - The acquisition aims to integrate upstream production equipment for lithium-ion battery separators, which may strengthen Enjie's supply chain security and cost control capabilities [6][4] - Zhongke Hualian specializes in the research, production, and sales of wet-process lithium-ion battery separator production equipment, which aligns with Enjie's core business [1][4] - The acquisition is seen as a strategic move to solidify Enjie's competitive edge in the lithium battery separator market [6][4] Group 2: Financial Performance - Enjie reported a loss of 5.56 billion yuan in 2024 and a further loss of 860 million yuan in the first three quarters of 2025, indicating ongoing financial pressure [1][8] - The company's revenue for 2023 was 120.42 billion yuan, a decrease of 4.36% year-on-year, with a net profit decline of 36.84% [8][10] - As of September 2025, Enjie had interest-bearing liabilities of 156 billion yuan, which is 6.37 times its cash reserves [2][10] Group 3: Market Position and Stock Performance - Enjie has maintained its position as the leading player in the lithium battery separator industry for seven consecutive years, with products supplied to major battery manufacturers like CATL and BYD [1][6] - Despite financial challenges, Enjie's stock price has seen significant fluctuations, rising from 25.87 yuan per share in June 2025 to 66.36 yuan by November 20, 2025 [10][11] - The market anticipates that the acquisition will optimize Enjie's supply chain and improve profitability, although uncertainties remain regarding the successful execution of these plans [11][12]

盘后公告：领益智造等四家上市公司集中发布重大事项公告 对于A股投资者来说，盘后公告从来都是不容错过的"信息富矿"——毕竟这些非交易时段披露的重大事项，往往藏着影响公司股价的关键信号，要么是资产 重组的重磅利好，要么是业务突破的实质进展，甚至可能是改变公司发展轨迹的重要决策。2025年11月底到12月初，A股市场就迎来了一波"公告密集潮"， 领益智造、嘉戎技术、恩捷股份、恒瑞医药四家各领域龙头公司集中发声，分别抛出了资产收购调整、重大资产重组、新药临床获批等关键信息，每一条都 值得投资者仔细琢磨。而这背后，离不开2025年新实施的信息披露新规保驾护航，让公告披露更规范、信息传递更及时。 一、政策护航：2025年信披新规落地，公告披露更规范透明 这四家公司能集中、清晰地披露重大事项，离不开2025年实施的信息披露新规的规范。2025年2月28日，证监会审议通过了新修订的《上市公司信息披露管 理办法》（证监会令第226号），并于7月1日正式施行 。新规明确要求，上市公司披露的信息必须"真实、准确、完整、简明清晰、通俗易懂"，不得有虚假 记载或误导性陈述，而且重大事件要"立即披露"，说明事件起因、状态和影响，让投资者 ...