Core Viewpoint - The company, Jiemai Technology, highlighted its competitive advantages in the mid-to-high-end MLCC release films compared to domestic competitors, specifically focusing on its product offerings and the primary competition from Japanese and Korean firms [1]. Company Summary - Jiemai Technology's release film products include those used for ceramic capacitors (MLCC), optical material polarizers, and OCA release films [1]. - The main competitors in the market are primarily Japanese and Korean companies, indicating a strong international competitive landscape [1].

Core Viewpoint - The company has confirmed that its composite aluminum foil products are not currently used in a specific vehicle model, and the development of these products for semi-solid batteries is still ongoing [1] Group 1: Company Information - The company, Jie Mei Technology, has clarified on an investor interaction platform that its composite aluminum foil is not applied to the mentioned vehicle model [1] - The composite aluminum foil is still in the development phase for semi-solid batteries, indicating ongoing research and potential future applications [1] - The company is also collaborating with Qing Tao on developing composite aluminum foil systems for other non-automotive battery products [1]

1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Core View of the Report - Commercial space is experiencing intensive catalysts, and investment opportunities in the industry are worth attention [2]. 3. Summary According to Relevant Catalogs 3.1 Commercial Space Faces Intensive Catalysts, Focus on Industry Investment Opportunities - **Three - year Action Plan for Commercial Space**: On November 25, 2025, the National Space Administration issued the "Action Plan for Promoting the High - quality and Safe Development of Commercial Space (2025 - 2027)", aiming to achieve high - quality development of commercial space by 2027, with significant growth in industry scale and innovation [3]. - **Establishment of the Commercial Space Department**: The National Space Administration has recently established the Commercial Space Department, which will promote the high - quality development of China's commercial space industry and benefit the entire industrial chain [4]. - **Satellite Internet of Things Business Commercial Test**: The Ministry of Industry and Information Technology has launched a two - year commercial test of satellite Internet of Things business, marking the transition of China's satellite Internet industry to the commercial application exploration stage and bringing investment opportunities for the entire industrial chain [4]. - **Recommended Stocks**: In the rocket direction, recommended stocks include Chaojie Co., Ltd., Gaohua Technology, Zhongheng Design, etc.; in the satellite direction, recommended stocks include Shaanxi Huada, Shanghai Harbor, Shanghai Hanxun, etc. [4]. 3.2 Main Covered Company Earnings Forecast and Valuation - The report provides earnings forecasts, valuations, and ratings for 28 companies from 2024 to 2027, including China National Building Material Group Corporation, Conch Cement, and China State Construction Engineering Corporation. Most of the investment ratings are maintained [13]. 3.3 Weekly Market Review - **Industry Index Performance**: The building and building materials industries showed certain increases this week. The building index increased by 2.43%, and the building materials index increased by 2.21%. Among them, the garden engineering index had the highest increase of 8.40% in the building sub - sectors, and the ceramic index had the highest increase of 5.60% in the building materials sub - sectors [17][19][22]. - **Stock Performance**: In the building materials industry, Hainan Ruizhe had the highest weekly increase of 22.16%, and *ST Lifang had the highest weekly decrease of 30.00%. In the building industry, Guosheng Technology had the highest weekly increase of 57.69%, and *ST Dongyi had the highest weekly decrease of 22.36% [25]. - **Infrastructure Public REITs Performance**: The average weekly increase of infrastructure public REITs was - 0.13%, the average monthly increase was - 1.23%, the average increase since the beginning of the year was 9.67%, the average 250 - day increase was 14.38%, and the average increase since IPO was 13.06% [28]. 3.4 Aggregate Data Tracking - **Real Estate Data**: It includes new construction, construction, completion, and sales area cumulative year - on - year data, land transaction data, real estate transaction data, social financing data, and infrastructure investment growth data. For example, the cumulative year - on - year growth rate of national real estate new construction area continued to decline [31]. - **Eight Major Construction Central Enterprises' New Contract Signing**: The report shows the quarterly new contract signing amounts and year - on - year growth rates of eight major construction central enterprises from 2022Q1 to 2025Q3 [73]. - **Special Bond Issuance**: It includes monthly and cumulative new special bond issuance amounts and replacement special bond issuance amounts from 2022 to 2025 [75][77][79][81]. 3.5 High - frequency Data Tracking - **Cement Data**: It includes national PO42.5 cement average price, East China regional cement price trend, cement - coal price difference index, cement inventory ratio, and cement production monthly year - on - year growth rate [84][85][87][91]. - **Float Glass Data**: It includes glass spot price, glass futures price, and glass inventory [91][92][96]. - **Photovoltaic Glass Data**: It includes glass daily melting volume, soda ash price, 2mm photovoltaic glass price, and photovoltaic glass inventory [98][102][99][104]. - **Glass Fiber Data**: It includes the prices of various types of glass fiber yarns and glass fiber inventory [106][109][110][116]. - **Carbon Fiber Data**: It includes carbon fiber average price, carbon fiber raw silk price, carbon fiber production, carbon fiber inventory, carbon fiber operating rate, carbon fiber gross profit margin, carbon fiber cost, and carbon fiber gross profit [113][117][120][122][124][126][129]. - **Magnesia and Alumina Prices**: It includes the ex - factory tax - included price of large - crystal electro - fused magnesia and alumina price [126][130]. - **Upstream Raw Material Prices**: It includes asphalt price, waste paper price, PVC price, HDPE price, etc. [134][137][135][139]. - **Physical Workload Data**: It includes acrylic acid price, titanium dioxide price, high - machine rental rate, and asphalt average operating rate [141][143][144][146].

Core Viewpoint - The article discusses a collaboration agreement between Jiemai Technology and CATL for the joint development of lithium battery composite current collectors, highlighting the production capacity commitments for the coming years [5]. Group 1: Agreement Details - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology, has signed a cooperation development framework agreement with CATL for the joint design and development of lithium battery composite current collectors [5]. - The agreement includes customized development, sample delivery, and mass production supply based on CATL's requirements [5]. Group 2: Production Capacity Commitments - The agreement stipulates that during CATL's mass production phase, Rouzhen Technology will prioritize ensuring a production capacity of no less than 1 million m² in 2025, 5 million m² in 2026, and 30 million m² in 2027 [5]. Group 3: Company Background - CATL is a leading player in lithium battery research, production, and sales, with a strong focus on soft-pack and digital lithium batteries, widely used in consumer electronics, new energy vehicles, and energy storage [5].

Core Viewpoint - The article discusses the strategic partnership between Jiemai Technology and ATL, focusing on the development and production of lithium battery composite current collectors, which is expected to enhance both companies' competitive positions in the lithium battery industry [7][9]. Event Information - The 2025 Lithium Battery Industry Annual Conference and the Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Royal Hotel in Shenzhen, with an expected attendance of over 1,200 in-person participants and 30,000 online viewers [3][19]. Partnership Details - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology, signed a cooperation framework agreement with ATL to develop composite current collectors for lithium batteries, with production capacity commitments of 1 million m² in 2025, 5 million m² in 2026, and 30 million m² in 2027 [7][9]. - ATL, with a registered capital of $159.2 million, is a leading player in the lithium battery sector, focusing on R&D, production, and sales, particularly in soft-pack and digital lithium batteries [8]. Impact Analysis - The partnership is expected to significantly enhance the product competitiveness of both Jiemai Technology and Rouzhen Technology, leveraging their respective technological and resource advantages [9]. - The agreement is seen as a strategic move to boost the commercialization capabilities and market share of Rouzhen Technology's composite current collector products in mainstream lithium battery applications [9]. Production Capacity Expansion - Jiemai Technology plans to expand production lines for composite aluminum and copper foils in 2025, with a total of 11 customer agreements signed and a year-on-year order increase of over 40% [10].

Company Overview - The company's vision is to become a one-stop service provider for electronic component packaging materials and processes, aiming to lead in electronic-grade film materials, electronic chemicals, and new energy-related materials [2]. - The company has developed a complete production technology for thin carrier tape, breaking the market monopoly held by foreign companies, and has achieved a leading global market share in paper carrier tape [2][3]. Product and Market Strategy - The company has established a comprehensive product line to meet the overall packaging service needs of electronic components, integrating core elements of the supply chain to reduce costs and improve profit margins [3]. - The company is expanding its product range into electronic-grade film materials, enhancing its competitiveness in the electronic component production process and new energy materials [2][4]. Competitive Advantages - **Customer Base**: The company has a strong overlap between its paper carrier tape customers and its release film customers, providing a solid foundation for new product testing and supply [4]. - **First-Mover Advantage**: The company is one of the earliest domestic producers of release films for MLCC applications, having established stable supply relationships with major clients [4]. - **Technical Expertise**: The company possesses extensive experience in precision coating technology and has introduced advanced production lines from Korea and Japan, enhancing its production capabilities [4][6]. Financial and Investment Insights - The company maintains a healthy debt ratio and has sufficient bank credit lines, planning to conduct refinancing in line with future expansion needs [5]. - The acquisition of Flexible Technology, a leader in composite current collectors, is aimed at enhancing the company's capabilities in ultra-thin BOPET film products and expanding its product range in the new energy materials sector [6][7]. Product Details - Flexible Technology specializes in polymer-metal composite film materials, which can replace traditional aluminum and copper foils in lithium-ion batteries, improving energy density and safety [7]. - The product offerings include composite aluminum foils, composite copper foils, and high-end ultra-thin copper foils, targeting various applications in consumer and power batteries [7]. Communication and Compliance - The company conducted a thorough communication session with investors, adhering to regulations to prevent the disclosure of any undisclosed significant information [8].

| 证券代码：002859 | 证券简称：洁美科技 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：128137 | 债券简称：洁美转债 | | 浙江洁美电子科技股份有限公司 二、本次股东股份解除质押基本情况 | 股东 | 是否为控股 股东或第一 | 本次解除质 | 占其所 | 占公司 总股本 | 起始日 | 解除日 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | 押股份数量 | 持股份 | | | | 质权人 | | | 一致行动人 | （股） | 比例 | 比例 | | | | | 浙江 | 是 | 23,500,000 | 11.67% | 5.45% | 2024-11-28 | 2025-11-27 | 中信证券股份有限公司 | | 元龙 | | | | | | | | 三、股东股份累计质押情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | - ...

浙江洁美电子科技股份有限公司 关于公司实际控制人部分股份质押的公告 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。 浙江洁美电子科技股份有限公司（以下简称"洁美科技"或"公司"）于今日接到公司实际控制人方隽云通 知，获悉实际控制人方隽云对其所持有的公司部分股份进行了质押，具体事项如下： 一、本次股东股份质押基本情况 ■ 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002859 证券简称：洁美科技 公告编号：2025-087 债券代码：128137 债券简称：洁美转债 三、资金偿还能力及相关安排 公司实际控制人方隽云资信状况良好，具备相应的资金偿还能力。公司实际控制人方隽云本次质押风险 在可控范围之内，质押的股份目前无平仓风险，也不会导致其控制权发生变更。后续如出现平仓风险， 公司实际控制人方隽云将采取包括但不限于提前还款、补充质押等措施应对上述风险。 公司实际控制人未来股份变动如达到《证券法》《上市公司收购管理办法》等规定的相关情形的，将严 格遵守权益披露的相关规定，及时履行信息披露义务。 四、备查文件 1、方隽云质押登记证明文件； 2、中国证 ...

Core Viewpoint - The announcement from Jiemai Technology indicates that the actual controller, Fang Junyun, has pledged 15,000,000 shares of the company [1] Group 1 - Jiemai Technology received notification from its actual controller regarding the pledge of shares [1] - The number of shares pledged by the actual controller is 15,000,000 [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。 证券代码：002859 证券简称：洁美科技 公告编号：2025-087 债券代码：128137 债券简称：洁美转债 浙江洁美电子科技股份有限公司 关于公司实际控制人部分股份质押的公告 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | | | | | 本次质押 | 本次质押 | 占其所 | 占公司 | 已质押 | | | | | | 股东 | 持股数量 | 持股 | 前质押股 | 后质押股 | 持股份 | 总股本 | 股份限 | 占已质 | 未质押股 | 占未质 | | | 名称 | （股） | 比例 | 份数量 | 份数量 | 比例 | | | | 份限售和 | 押股份 | | | | | | （股） | （股） | ...