Core Viewpoint - The company has completed the construction of its lithium sulfide production line and is currently ramping up capacity while focusing on self-supply and small-scale shipments to downstream customers [1] Group 1 - The lithium sulfide production line has reached a hundred-ton capacity and is in the process of scaling up production [1] - The company is actively monitoring industry technological developments and trends to steadily advance its all-solid-state battery materials expansion [1] - Small batch shipments of lithium sulfide are being sent to downstream customers for testing [1]

Core Viewpoint - The recent price recovery in the lithium battery separator market is seen as a direct signal of demand recovery, with minimal impact from raw material price fluctuations [3][4]. Group 1: Market Trends - After a prolonged price decline, the Chinese lithium battery separator market has reached a turning point, with noticeable price increases starting in August driven by market demand [4]. - Dry separators experienced a price increase of approximately 10% in early August, with a cumulative increase of over 30% for the year [4]. - Wet separator prices also rose, with increases reported between 5% and 10%, bringing the price of wet base film to 0.5 to 0.55 RMB per square meter and coated separator prices to 0.7 to 0.8 RMB [5]. Group 2: Demand Drivers - Demand growth is primarily driven by the automotive and energy storage sectors, with the domestic automotive market entering a traditional sales peak, and new energy vehicle penetration exceeding 60% [5]. - In the energy storage market, a structural shortage is forming due to a shift in battery production capacity towards next-generation technologies, leading to supply gaps for mainstream 314Ah cells and increasing prices for certain energy storage cells [6]. Group 3: Supply Dynamics - The separator industry's capacity utilization is rapidly increasing, with leading wet separator companies nearing full capacity, indicating a tight supply-demand balance [6]. - The capacity utilization rate for the wet separator industry exceeded 70% in the first half of the year, while many smaller companies are unable to release new supply due to ongoing losses in the separator business [6]. Group 4: Industry Cooperation - In response to intense price competition, the separator industry held a meeting in August to reach a consensus on self-discipline, agreeing to stabilize prices above cost lines and to release capacity based on a reasonable supply-demand ratio of 60% [7]. Group 5: Future Outlook - Leading separator companies are also exploring advanced technologies such as solid-state batteries, with companies like Enjie and Xingyuan Material making progress in this area [8]. - The recent stock price increases indicate that the value of new business ventures needs to resonate with the healthy operation of core businesses to translate into actual market benefits [8].

Market Overview - On September 10, the three major A-share indices rose collectively, with a total trading volume of 2 trillion yuan, a decrease of 148.1 billion yuan compared to the previous trading day [1] - The market saw strength in the oil extraction and communication services sectors, while the lithium mining and photovoltaic equipment sectors declined [1] Stock Performance - A total of 47 stocks hit the daily limit up, with 10 stocks achieving consecutive limit ups, and 22 stocks failed to close at the limit, resulting in a sealing rate of 68% (excluding ST and delisted stocks) [3] - Notable stocks included Tianpu Co., which achieved an 11-day limit up streak, and Shoukai Co., which reached a 6-day limit up streak in the robotics sector [4] Top Stocks on the Dragon and Tiger List - The top net selling stocks included Kosen Technology, Spring Xing Precision, and Yinglian Co., with net sales of 284 million yuan, 213 million yuan, and 144 million yuan respectively [5] - The top net buying stocks by institutions were Xiaocheng Technology, Tianji Co., and Zhejiang Rongtai, with net purchases of 353 million yuan, 159 million yuan, and 117 million yuan respectively [7] Sector Highlights - Xiaocheng Technology saw a slight increase of 0.22% with a turnover rate of 51.0% and a trading volume of 1.1916 million hands, totaling 3.209 billion yuan [20] - Zhejiang Rongtai's stock price reached a historical high with a 6.47% increase and a turnover rate of 14.2%, totaling 2.876 billion yuan [20] Company Developments - Enjie Co., a leader in solid-state battery separators, reported a revenue of 5.763 billion yuan for the first half of 2025, a year-on-year increase of 24.83%, and signed a global supply agreement with LGES for 3.55 billion square meters from 2025 to 2027 [17] - Spring Xing Precision is expanding its business into robotics and automation equipment, leveraging its experience in precision metal processing [16]

Group 1 - On September 10, a total of 32 stocks were involved with institutional investors, with 15 showing net buying and 17 showing net selling [1] - The top three stocks with the highest net buying by institutions were Xiaocheng Technology (3.53 billion), Tianji Co., Ltd. (1.6 billion), and Zhejiang Rongtai (1.17 billion) [1] - The top three stocks with the highest net selling by institutions were Dongshan Precision (2.67 billion), Siquan New Materials (556.4 million), and Enjie Co., Ltd. (433.3 million) [1] Group 2 - The stock *ST Yushun increased by 5.00% with a trading volume of 1279.78 million [3] - The stock Xizhuang Co., Ltd. decreased by 2.67% with a trading volume of 1188.64 million [3] - The stock *ST Yatai increased by 4.98% with a trading volume of 146.55 million [3] Group 3 - The stock Chunxing Precision decreased by 3213.42 million [4] - The stock Songlin Technology decreased by 7.38% with a trading volume of 3284.92 million [4] - The stock Enjie Co., Ltd. increased by 10.00% with a trading volume of 4333.10 million [4]

具体来看，今日上榜的营业部中，共有4家机构专用席位现身，即买三、买五、卖二、卖三、卖四、卖 五，合计买入金额1.88亿元，卖出金额2.31亿元，合计净卖出4333.10万元，深股通为第一大买入营业部 及第一大卖出营业部，买入金额为2.51亿元，卖出金额为1.47亿元，合计净买入1.04亿元。 资金流向方面，今日该股主力资金净流入3.76亿元，其中，特大单净流入3.49亿元，大单资金净流入 2677.87万元。近5日主力资金净流入4.75亿元。 融资融券数据显示，该股最新（9月9日）两融余额为11.28亿元，其中，融资余额为11.26亿元，融券余 额为216.61万元。近5日融资余额合计增加8887.45万元，增幅为8.57%，融券余额合计增加52.73万元， 增幅32.18%。（数据宝） 恩捷股份今日涨停，全天换手率7.95%，成交额26.44亿元，振幅12.33%。龙虎榜数据显示，机构净卖出 4333.10万元，深股通净买入1.04亿元，营业部席位合计净买入1.76亿元。 深交所公开信息显示，当日该股因日涨幅偏离值达9.71%上榜，机构专用席位净卖出4333.10万元，深股 通净买入1.04亿元。 证券时报 ...

| 序号 | | 交易营业部名称 | | 买入金额(万) | 占总成交比例 | | --- | --- | --- | --- | --- | --- | | 1 | 深股通专用 | | 720次 46.67% 2 | 25129.77 | 9.51% | | 2 | 机构专用 | east money.com | 1711次 42.31% | 7617.41 | 2.88% | | 3 | 机构专用 | | 1711次 42.31% | 4947.57 | 1.87% | | 4 | 机构专用 | | 1711次 42.31% | 3928.87 | 1.49% | | 5 | 机构专用 | | 1711次 42.31% | 2283.78 | 0.86% | | | | (买入前5名与卖出前5名)总合计: | | 61483.92 | 23.26% | | 序号 | 交易营业部名称 | | 买入金额(万) | 占总成交比例 | | --- | --- | --- | --- | --- | | 1 | 深股通专用 | 720次 46.67% 2 | 25129.77 | 9.51% | | 2 | 中信证 ...

Market Overview - The Shanghai Composite Index rose by 0.13% on September 10, with 13 industries experiencing gains, led by the communication and electronics sectors, which increased by 3.49% and 1.78% respectively [1] - The power equipment industry had the largest decline, falling by 1.18% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 5.62 billion yuan, with 9 industries seeing net inflows [1] - The communication industry had the highest net inflow of funds, totaling 9.07 billion yuan, while the electronics sector followed with a net inflow of 7.51 billion yuan [1] - The power equipment industry led the net outflow, with a total of 10.10 billion yuan, followed by the non-ferrous metals industry with a net outflow of 3.78 billion yuan [1] Power Equipment Industry Performance - Within the power equipment sector, there are 362 stocks, with 94 stocks rising and 263 stocks declining [2] - The top three stocks with the highest net inflow in the power equipment industry were: - XianDao Intelligent (6.93 billion yuan) - Enjie Co., Ltd. (3.76 billion yuan) - DaoShi Technology (3.10 billion yuan) [2] - The stocks with the largest net outflow included: - Ningde Times (-9.27 billion yuan) - Tongwei Co., Ltd. (-6.00 billion yuan) - Wolong Electric Drive (-5.56 billion yuan) [2][3] Power Equipment Industry Stock Performance - The top gainers in the power equipment sector included: - XianDao Intelligent: +4.55% - Enjie Co., Ltd.: +10.00% - DaoShi Technology: +6.87% [2] - The top decliners in the sector included: - Ningde Times: -1.24% - Tongwei Co., Ltd.: -6.00% - Wolong Electric Drive: -2.10% [3]

Group 1 - The solid-state battery sector is experiencing a rebound, with Enjie Co., Ltd. hitting the daily limit increase. The company announced that its lithium sulfide production line has been completed and is currently ramping up capacity [1] - According to Shenwan Electric New Energy, the price of separators has started to rise, indicating a bottoming cycle. Recent industry feedback shows that the delivery cycle for wet-process separators is tight, leading to a slight price increase. Additionally, dry-process separators have seen a 10% price increase in early August, with an overall increase exceeding 30% this year [1] - The leading companies in the separator market are nearing the end of their capacity expansion, with continuous demand growth and a bottoming price expected to lead to a turning point in the cycle by 2026. The head companies are currently operating at full capacity, with strong price support intentions [1] Group 2 - As of September 10, 2025, the CSI sub-sector chemical industry theme index (000813) showed mixed performance among its constituent stocks, with Enjie Co., Ltd. leading with a 10% increase, followed by Hongda Co., Ltd. with a 2.55% rise, and Xin Fengming with a 1.44% increase [1] - The largest chemical ETF (159870) closely tracks the CSI sub-sector chemical industry theme index, which consists of seven sub-indices reflecting the overall performance of listed companies in related sub-industries [2]

截至发稿，许荣漫累计任职时间4年171天，现任基金资产总规模273.61亿元，任职期间最佳基金回报 52.81%， 任职期间最差基金回报-58.4%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，招商基金旗下1只基金重仓恩捷股份。招商华证价值优选50指数发起式A（022840）二季度 持有股数8600股，占基金净值比例为1.98%，位居第六大重仓股。根据测算，今日浮盈赚取约1.77万 元。连续5天上涨期间浮盈赚取6.04万元。 招商华证价值优选50指数发起式A（022840）成立日期2025年1月16日，最新规模1259.97万。成立以来 收益16.6%。 招商华证价值优选50指数发起式A（022840）基金经理为许荣漫。 9月10日，恩捷股份涨5.2%，截至发稿，报41.66元/股，成交16.67亿元，换手率5.14%，总市值403.33亿 元。恩捷股份股价已经连续5天上涨，区间累计涨幅21.55%。 资料显示，云南恩捷新材料股份有限公 ...

恩捷股份今年以来股价涨26.29%，近5个交易日涨23.43%，近20日涨27.12%，近60日涨52.45%。 资料显示，云南恩捷新材料股份有限公司位于云南省玉溪市高新区抚仙路125号，成立日期2006年4月5 日，上市日期2016年9月14日，公司主营业务涉及提供各类包装印刷产品、包装制品及服务;锂电池隔离 膜、铝塑膜、水处理膜等业务。主营业务收入构成为：锂电池隔离膜83.64%，无菌包装7.82%，BOPP 薄膜4.75%，其他(补充)3.00%，其他产品0.40%，特种纸0.37%，烟标0.03%。 9月10日，恩捷股份盘中上涨2.02%，截至09:58，报40.40元/股，成交6.84亿元，换手率2.12%，总市值 391.13亿元。 资金流向方面，主力资金净流出291.80万元，特大单买入6377.43万元，占比9.33%，卖出6029.15万元， 占比8.82%；大单买入1.83亿元，占比26.74%，卖出1.89亿元，占比27.68%。 恩捷股份所属申万行业为：电力设备-电池-电池化学品。所属概念板块包括：铝塑膜、烟标、固态电 池、宁德时代概念、锂电池等。 机构持仓方面，截止2025年6月30 ...