Core Viewpoint - Zhongke Electric has shown a positive stock performance with a year-to-date increase of 5.31% and a significant revenue growth of 52.03% year-on-year for the first nine months of 2025 [1][2]. Group 1: Stock Performance - On January 15, Zhongke Electric's stock price increased by 2.00%, reaching 22.42 CNY per share, with a trading volume of 229 million CNY and a turnover rate of 1.76% [1]. - The company's total market capitalization is 15.367 billion CNY [1]. - The stock has experienced a 0.09% decline over the last five trading days, an 11.88% increase over the last 20 days, and a 9.38% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Zhongke Electric achieved a revenue of 5.904 billion CNY, representing a year-on-year growth of 52.03% [2]. - The net profit attributable to shareholders for the same period was 402 million CNY, reflecting a significant year-on-year increase of 118.85% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Zhongke Electric increased to 79,300, up by 12.77% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 11.32% to 7,354 shares [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 28.0514 million shares, an increase of 14.0421 million shares from the previous period [3].

二、股东股份累计质押基本情况 注：1、余强、李小浪为公司控股股东、实际控制人余新、李爱武的一致行动人； 证券代码：300035 证券简称：中科电气 公告编号：2026-007 湖南中科电气股份有限公司 关于控股股东暨实际控制人股份解除质押的公告 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。 湖南中科电气股份有限公司（以下简称"公司"）近日接到公司控股股东暨实际控 制人余新、李爱武夫妇之余新女士的通知，获悉其所持有本公司的股份全部解除质押， 具体事项如下： 一、本次解除质押基本情况 | 股东 | 是否为控股股东或 第一大股东及其一 | 本次解除质押 | 占其所持 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | 股份数量（股） | 股份比例 | 股本比例 | | | | | | 致行动人 | | | | | | | | 余新 | 是 | 20,000,000 | 24.81% | 2.92% | 2025-5-21 | 2026-1-13 ...

Core Insights - The graphite anode materials industry in China is supported by national policies aimed at promoting new materials and electric vehicles, which are key application areas for graphite anodes [1][4]. Policy Overview - Since 2016, several policies have been introduced to encourage the development of graphite anode materials, including the "Light Industry Development Plan (2016-2020)" and "Guiding Opinions on Promoting the Development of the Energy Electronics Industry" [4]. - Key policies include export controls on graphite anode materials and related equipment, effective from November 2025, requiring exporters to obtain licenses [9]. National Policy Highlights - The "Lithium Battery Industry Norms (2024 Edition)" sets performance standards for anode materials, including a carbon (graphite) capacity of ≥340mAh/g and silicon-carbon capacity of ≥480mAh/g [8]. - The "Industry Structure Adjustment Guidance Catalog (2024 Edition)" categorizes key components of electric vehicles, such as anode materials, as encouraged projects, indicating government support [6]. Provincial Policy Highlights - Various provinces have included graphite anode materials in their "14th Five-Year Plan," outlining development goals and directions to enhance the industry chain [11][14]. - For instance, Shanxi aims to develop sodium-ion and lithium-ion battery products, while Zhejiang focuses on high-energy-density lithium-ion batteries [12][13]. Industry Development Goals - Provinces are setting specific targets for the graphite anode materials industry, including building industrial bases, enhancing product capabilities, and improving intelligent production levels [14].

Core Viewpoint - The company emphasizes the significance of its Oman and Sichuan Luzhou projects in meeting the growing demand for lithium battery anode materials, which is crucial for enhancing its global market share and establishing a leading brand in the lithium-ion battery anode materials sector [2] Group 1 - The Oman and Sichuan Luzhou projects are aligned with the company's development strategy and long-term planning [2] - These projects are considered an important part of the company's capacity layout [2] - The company plans to implement these projects steadily through self-funding and self-raised funds, utilizing direct and indirect financing methods [2]

湖南中科电气股份有限公司 关于公司与子公司间提供担保的进展公告 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。 一、对外担保的审批情况 证券代码：300035 证券简称：中科电气 公告编号：2026-006 湖南中科电气股份有限公司（以下简称"公司"、"中科电气"）为更好地实施公 司发展战略，满足公司及下属子公司湖南中科星城石墨有限公司（以下简称"湖南中科 星城"）、贵州中科星城石墨有限公司（以下简称"贵州中科星城"）、贵安新区中科 星城石墨有限公司（以下简称"贵安新区中科星城"）、云南中科星城石墨有限公司（以 下简称"云南中科星城"）、中科星城（香港）控股有限公司（以下简称"中科星城（香 港）"）、中科星城苏哈尔新材料科技（自贸区）有限责任公司（以下简称"中科星城 苏哈尔"）日常经营和业务发展资金需要，提高融资效率、降低融资成本，在综合分析 公司及子公司的盈利能力、偿债能力和风险控制能力后，于 2025 年 8 月 27 日第六届董 事会第十四次会议及 2025 年 9 月 15 日 2025 年第三次临时股东会审议通过了《关于公 司与子公司间提供担保的议案 ...

Group 1 - The company, Zhongke Electric, clarified that its main business includes lithium battery anode materials and electromagnetic equipment, and it does not engage in the production of semi-solid batteries [1] - The company noted that graphite-based anode materials are applicable in both liquid and solid-state lithium-ion batteries, with varying requirements and usage methods depending on the battery technology and specifications [1] - The company is developing silicon-carbon anodes and lithium metal anodes for solid-state batteries, with the silicon-carbon anode materials having completed pilot production lines and products passing evaluations from multiple clients, preparing for mass production [1]

Core Viewpoint - The company, Zhongke Electric (300035), is collaborating with National University of Defense Technology to develop electric permanent magnet hybrid suspension magnets suitable for medium and low-speed magnetic levitation transportation systems, with no current involvement in ultra-high-speed magnetic levitation fields [1] Group 1 - The company is focused on continuous innovation and development in the breadth and depth of magnetic and electric technology [1] - The company will keep monitoring relevant technological developments in the magnetic and electric equipment sector [1]

Core Viewpoint - The company, Zhongke Electric (300035.SZ), has indicated a growth trend in the shipment volume of its energy storage anode materials compared to the same period last year [2] Group 1 - Investors inquired about the company's expected shipment volume in energy storage for 2025 [2] - The company confirmed that its energy storage anode materials product shipment volume is on an upward trajectory [2]

Group 1 - The core business of the company includes lithium battery anode business and electromagnetic equipment business [1] - The company has not yet ventured into commercial aerospace or robotics sectors [1]

Core Insights - The solid-state battery industry is experiencing renewed interest from investors due to clear profitability and order visibility in the supply chain, with a significant focus on achieving mass production by 2027 [2][3][6] - Major automotive companies are targeting 2027 for the application of solid-state batteries in vehicles, with many planning to complete product development or testing by 2026 [4][5] Industry Developments - Companies like Tian Shi Ke Feng have begun to engage with potential investors after overcoming initial funding challenges, with plans to expand production capacity significantly in 2026 [2] - The Ministry of Industry and Information Technology has identified solid-state batteries as a key area for development, aiming to establish 3-5 leading companies by 2027 [3] Technical Challenges - The path to mass production of solid-state batteries is fraught with challenges, including material technology discrepancies and shortages in core equipment [6][8] - The industry is divided on material technology routes, with significant competition between oxide and sulfide electrolytes, each having distinct advantages and challenges [10][12] Material Innovations - Solid-state batteries are recognized for their high energy density and intrinsic safety, making them suitable for various applications, although their cost-effectiveness in electric vehicles remains a concern [7][8] - The development of silicon-carbon and lithium metal anodes is ongoing, with companies reporting progress in small-scale trials [9][10] Equipment and Production - The lack of mature mass production equipment poses a significant barrier, with many companies resorting to self-developed solutions to meet production demands [14][19] - The production process for solid-state batteries requires high precision and specialized equipment, which increases costs and complicates the manufacturing process [20][21] Market Dynamics - The solid-state battery supply chain is characterized by a collaborative approach among suppliers and manufacturers, with a focus on meeting evolving technical requirements from cell manufacturers [23][24] - The competitive landscape is marked by a "race" among cell manufacturers to explore various material suppliers, emphasizing the need for continuous innovation and adaptation [24]