Core Viewpoint - The China Securities New Energy Index has experienced a decline in recent months, reflecting the overall performance of listed companies in the renewable energy sector [2]. Group 1: Index Performance - The China Securities New Energy Index fell by 1.29% to 1768.83 points, with a trading volume of 36.878 billion yuan [1]. - Over the past month, the index has decreased by 1.69%, by 10.68% over the last three months, and by 9.32% year-to-date [2]. Group 2: Index Composition - The index includes companies involved in renewable energy production, application, storage, and related equipment, with a base date of December 31, 2011, set at 1000.0 points [2]. - The top ten weighted companies in the index are: CATL (9.99%), Sungrow Power (5.53%), LONGi Green Energy (5.26%), China Nuclear Power (4.73%), Three Gorges Energy (3.69%), TBEA (3.52%), EVE Energy (3.15%), Huayou Cobalt (2.96%), Tongwei Co. (2.45%), and Ganfeng Lithium (2.13%) [2]. Group 3: Market and Sector Breakdown - The index's holdings are primarily listed on the Shenzhen Stock Exchange (58.70%), followed by the Shanghai Stock Exchange (40.87%) and the Beijing Stock Exchange (0.43%) [2]. - In terms of industry composition, the index is comprised of 73.71% in industrials, 14.26% in utilities, and 12.02% in materials [2]. Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3].

Core Viewpoint - The energy storage industry is transitioning from isolated breakthroughs to ecosystem collaboration, with leading companies forming strategic partnerships to accelerate commercialization and reshape competitive dynamics in the sector [1]. Joint Ventures: Deep Binding and Resource Sharing - China National Petroleum Corporation (CNPC) and CATL have established a joint venture for lithium-ion battery energy storage systems, with CNPC holding 60% and CATL 40% of the equity [2]. - Zhongxin Innovation and local state-owned enterprises have formed a joint venture in Hebei with a registered capital of 4 billion yuan, focusing on energy storage projects [3]. Strategic Cooperation: Technological Complementarity and Market Expansion - CRRC Zhuzhou Institute and CATL signed a framework cooperation agreement to collaborate on energy storage solutions and market development [4]. - Haibo Sichuang and CATL have entered a strategic partnership to promote high-quality development in the energy storage industry, focusing on technology and market synergy [5][6]. - Haibo Sichuang has also partnered with General Technology and its subsidiaries to enhance project management and technical innovation in the energy sector [7]. - Collaborations with Huachidong Energy and other firms aim to integrate electrochemical and flywheel energy storage technologies [8][9]. International Collaborations and Market Expansion - BYD Energy signed a storage order agreement with Grenergy for a total of 6.5 GWh for a project in Chile, marking a significant supply deal in Latin America [13]. - Dual cooperation agreements with international firms like Jindal Group from India and Interface from Malaysia signify strategic expansions into South Asia and Southeast Asia [12][11]. - Multiple partnerships during ESIE2025, including with Europower in Turkey, aim to enhance market presence in Europe and Asia [18]. Industry Trends and Future Outlook - The energy storage sector is witnessing a transformation characterized by deep collaborations among companies, moving from product-centric competition to ecosystem-based strategies [43]. - The total signed orders during ESIE2025 exceeded 20 GWh, indicating a robust growth trajectory and a collective exploration of new energy systems [43].

Core Viewpoint - The memorandum of understanding between Jin Jing New Energy and EVE Energy aims to enhance collaboration in battery recycling and sustainable practices, positioning both companies as leaders in the global renewable energy market [1][2] Group 1: Collaboration Areas - The companies will jointly build a low-cost and efficient recycling service network, integrating quality resources within the industry to develop a global battery recycling business [1] - They will expand the secondary material resource pool by leveraging existing resources and partnerships, aligning with global green supply chain management requirements [1] - The partnership will utilize digital technology for the lifecycle management and traceability of secondary materials [1] - Both companies will collaborate on battery recycling technologies, sharing or co-developing more efficient and environmentally friendly recycling methods [1] - They will work together on the development and application of cascade battery technology to support the electrification transformation in Hong Kong [1] Group 2: Strategic Implications - The collaboration is expected to optimize the battery recycling business and develop innovative cooperation models, aiming to create efficient and effective battery material recycling and green logistics solutions on a global scale [2] - This partnership aligns with the company's strategic development goals and reinforces its position as a leader in the global renewable energy market [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ENVISION GREENWISE HOLDINGS LIMITED 晉景新能控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1783） 自願性公告 有關 與惠州億緯鋰能股份有限公司 簽署合作諒解備忘錄之 業務更新資料 本公司從事逆向供應鏈管理及綠色能源解決方案業務。 億緯鋰能為一間在中華人民共和國成立的有限公司，其股份於深圳證券交易所上市（股票 代碼：300014）。億緯鋰能主要從事消費電池、動力電池及儲能電池的研發、生產及銷售。 億緯鋰能致力於「以全場景鋰電池方案，加速萬物互聯」，構建起從材料至系統的全體系 研發平台。 訂立備忘錄的理由及裨益 本公告乃由晉景新能控股有限公司（「本公司」）自願作出，以知會其股東及潛在投資者有 關本公司之最新發展。 諒解備忘錄 於2025年3月25日，本公司與惠州億緯鋰能股份有限公司（「億緯鋰能」）（統稱「雙方」）訂立 一份諒解備忘錄（「備忘錄」）。根據備 ...

Core Points - The European Commission has proposed to delay the implementation of the due diligence obligations for battery supply chains from August 18, 2025, to August 18, 2027, to provide companies and regulators more time to adapt to challenges such as supply chain adjustments and certification mechanisms [1][2] - The delay is primarily due to issues related to supply chains, certification, and regulatory coordination, influenced by geopolitical factors affecting the procurement of raw materials like cobalt, natural graphite, lithium, and nickel [2] - The postponement is seen as a short-term relief for battery companies, allowing them to improve supply chain management and participate in the development of certification systems, while also presenting long-term opportunities for sustainable supply chain construction and green technology innovation [3] Industry Insights - The delay in the implementation of the EU battery law is expected to provide a buffer period for battery companies, enabling them to enhance their supply chain management and engage in the certification system's development [3] - Chinese battery companies have shown strong performance in the European market, securing significant energy storage contracts, indicating robust market competitiveness [4] - Despite the delay, the European Commission emphasizes that the standards for carbon footprint and recycling remain unchanged, and companies must continue to focus on compliance and sustainability to maintain competitiveness in the market [5][6] Recommendations - Experts suggest establishing a comprehensive carbon accounting system and improving the database for battery material emission factors to ensure the integrity and transparency of carbon footprint data [7] - Companies are encouraged to actively participate in the formulation of domestic and international carbon footprint accounting standards to align with global standards and facilitate mutual recognition [7] - A complete supply chain traceability system should be constructed to ensure that the lifecycle information of each battery product is verifiable and accessible [7]

Core Viewpoint - Yihui Lithium Energy is restructuring its operations by dissolving its Beijing branch while establishing a new company in Beijing to enhance its capital strength and international competitiveness through an H-share listing in Hong Kong [4][9]. Group 1: Company Restructuring - On June 16, Yihui Lithium Energy announced the dissolution of its Beijing Technology Branch, authorizing management to handle the related matters [4]. - A new company, Beijing Yihui Lithium Energy Co., Ltd., was established on February 14, 2025, with a registered capital of 10 million RMB, fully owned by Yihui Lithium Energy [7][8]. Group 2: Financial Performance - For the year 2024, Yihui Lithium Energy reported a revenue of 48.615 billion RMB and a net profit attributable to shareholders of 4.076 billion RMB, with a year-on-year growth of 14.76% [9]. - The company achieved a net operating cash flow of 4.434 billion RMB and invested 3.060 billion RMB in R&D, marking a 6.58% increase from the previous year [9]. - The total shipment of power batteries reached 30.29 GWh, a year-on-year increase of 7.87%, while the shipment of energy storage batteries surged to 50.45 GWh, reflecting a 91.9% growth [9].

Group 1: Industry Overview - China has become the world's largest market for new energy vehicles, achieving breakthroughs in battery technology and smart driving, fostering competitive domestic brands [2] - The automotive supply chain is undergoing significant transformation, with upstream suppliers seeking new development opportunities and capital support [2][5] Group 2: Recent IPO Activity - Several automotive component companies are pursuing listings on the Hong Kong Stock Exchange, including Yushi Technology and Zijing Electronics, indicating a trend of companies moving to Hong Kong for capital [3][4] - Yushi Technology focuses on L4 autonomous driving technology, with a cumulative financing of over 1.7 billion yuan and a valuation of 7.3 billion yuan [3] - Zijing Electronics specializes in smart cockpit solutions, reporting revenues of approximately 214 million yuan, 549 million yuan, and 578 million yuan for 2022, 2023, and 2024 respectively [4] Group 3: Market Dynamics and Opportunities - The restructuring of the global automotive supply chain is providing new opportunities for component suppliers, who are increasingly involved in product design and development [5][6] - The Hong Kong market offers a more flexible listing environment for companies that are not yet profitable, allowing them to access capital more easily compared to the A-share market [6][7] Group 4: Policy Support and Market Conditions - Recent policy measures from the China Securities Regulatory Commission support leading domestic companies in listing in Hong Kong, optimizing the approval process and reducing inquiry times [6][7] - The introduction of the 18C chapter in the Hong Kong Stock Exchange allows specialized technology companies without revenue to list, broadening financing channels for emerging industries [7] Group 5: International Capital Attraction - Hong Kong's status as a global financial center attracts international investors, providing automotive component suppliers with access to a broader investor base [9][10] - The total amount raised from IPOs in Hong Kong has exceeded 77 billion HKD, reinforcing its position as a leading international financial hub [10] Group 6: Future Prospects and Challenges - The demand for new automotive components is expected to grow as the industry accelerates its electrification and intelligent transformation [12] - Companies must navigate challenges such as global economic uncertainty and competitive pressures while maintaining strong operational performance post-IPO [13][14]

Investment Rating - The report gives an "Overweight" rating for the solid-state battery industry, indicating that it is expected to outperform the overall market [3][4]. Core Insights - The solid-state battery industry is entering the early stages of industrialization, with significant technological changes in lithium metal anodes and dry processing equipment [3]. - There is a pressing demand for material and equipment innovation, with domestic solid-state battery production capacity planning to exceed 50GWh and a total investment of approximately 15 billion yuan planned for 2025 [4]. - Sulfide materials are becoming the mainstream technology route for solid-state batteries, with a notable increase in demand for sulfide electrolytes and dry processing equipment [4]. - Leading battery manufacturers are making breakthroughs in lithium metal preparation technology, enhancing energy density significantly [4]. Summary by Sections Industry Overview - The solid-state battery industry is expected to achieve product finalization by the end of 2025, with vehicle testing starting in 2026 and entering a cost-reduction phase in 2027 [4]. Technological Developments - The report highlights the high ionic conductivity of sulfide solid-state batteries, which is driving many manufacturers to focus on this technology route [4]. - Key innovations include the dry processing method, which is seen as crucial for mass production of solid-state batteries [4]. Investment Opportunities - The report suggests focusing on battery companies with strong R&D capabilities, solid-state material companies with high demand elasticity, and solid-state equipment companies [4]. - Recommended companies include CATL, Yiwei Lithium Energy, BYD, Guoxuan High-Tech, and others in the materials and equipment sectors [4][5].

Conference Announcements - The 18th High-tech Lithium Battery Industry Summit will focus on the restructuring of the industry chain and the resonance of all-scenario applications, scheduled for July 8-9, 2025, in Chengdu, China [1] - The 2025 High-tech New Energy Materials Industry Conference will emphasize new materials, new dynamics, and new ecology [1] Company Developments - Farasis Energy has begun supplying its 4680 cylindrical batteries to BMW for their global electric vehicle platform, with the first batch shipped from their Wuxi Jiangyin super factory [1] - EVE Energy announced the cancellation of its subsidiary, Huizhou EVE Energy Co., Ltd. Beijing Technology Branch, during a board meeting [3] - Hunan Jiusen New Energy will unveil three research achievements, including semi-solid lithium metal anode batteries, at the Hunan Lithium Resource Innovation Application Conference on June 18 [6] - Ganfeng Lithium has established a new company, Shanghai Ganfeng Resource Recycling Technology Co., Ltd., focusing on resource recycling technology and sales [8] - Sanjing Electric and EVE Energy signed a strategic cooperation agreement for a 2GWh energy storage cell project, aiming to create comprehensive smart energy solutions [10] Material Developments - Fulim Precision has increased its registered capital from approximately 1.2 billion RMB to about 1.7 billion RMB, marking a 40% increase [12] - Dongfeng Motor's subsidiary, Ruipai New Energy, is accelerating the construction of a 50,000-ton lithium iron phosphate project, with the first production line expected to be operational by the end of June [14] Equipment Developments - Winbond Technology has successfully delivered core equipment for solid-state batteries to a leading domestic battery company, marking significant progress in collaborative innovation in solid-state battery manufacturing [17]

Group 1 - Company Xi Zhong Technology proposed to repurchase shares worth between 75 million and 150 million yuan using excess funds and self-owned funds [1] - Company Yongxi Electronics expects a revenue growth of 16.6% to 28.88% in the first half of the year, with projected revenue between 1.9 billion and 2.1 billion yuan [2] - Company Jingyi Equipment anticipates a revenue increase of 36.54% to 42.48%, with expected revenue between 690 million and 720 million yuan [2][3] Group 2 - Company Haipuri received approval from the European Medicines Agency (EMA) for a new production line for Enoxaparin Sodium injection, with an annual capacity of 330 million doses [4] - Company Inner Mongolia Xinhua plans to merge its wholly-owned subsidiaries to optimize resource allocation and improve operational efficiency [5] - Company Cloud Chemical intends to sign daily related transaction framework agreements with its controlling shareholder to reduce operational costs [7] Group 3 - Company China Software received approval from the China Securities Regulatory Commission for a specific stock issuance [8] - Company Wankong Intelligent's subsidiary won a bid for a project with the State Grid worth approximately 12.17 million yuan [9] - Company Lianlong obtained a patent for an anti-aging agent, which is expected to enhance its product offerings in polymer materials [11] Group 4 - Company Yunlu plans to increase its shares by 4 million to 12 million yuan through stock purchases by its executives [12] - Company Enhua Pharmaceutical's chairman increased his stake by 237,900 shares [14] - Company Daqin Railway announced the resignation of its general manager due to retirement [15] Group 5 - Company Hefei Urban Construction signed a land use rights transfer contract for an industrial site with an area of 78,561.78 square meters, with a payment of 103 million yuan due by July 13, 2025 [16] - Company Taiji Group received a government subsidy of 20 million yuan, representing 75.04% of its projected net profit for 2024 [17] - Company Guodian Nanrui elected a new chairman, Zheng Zongqiang, while he resigned from his previous roles [19] Group 6 - Company Xinhua Medical received a medical device registration certificate for a thromboelastography testing kit [20] - Company Baotailong's subsidiary obtained a mining license for a graphite mine with a production capacity of 2 million tons per year [21] - Company Zejing Pharmaceutical received approval for clinical trials of its innovative cancer treatment drugs [22] Group 7 - Company Aojing Medical's artificial bone repair material received registration approval in Vietnam [23] - Company Chengjian Development received a cash dividend of 90.2169 million yuan from Guoxin Securities [24] - Company Rili Technology proposed a share repurchase plan worth between 10 million and 20 million yuan [25] Group 8 - Company Deshi General Institute received approval to issue up to 1 billion yuan in technology innovation bonds [44] - Company Tongding Interconnect plans to bid for two procurement projects worth approximately 717 million yuan [46] - Company Bangji Technology plans to acquire multiple agricultural companies [46]