Core Viewpoint - The company, as a leader in lithium battery cathode materials, is strategically positioned in the solid-state battery market, which is expected to positively impact its performance as applications mature [2]. Group 1: Solid-State Battery Advantages - Solid-state batteries offer high energy density and safety, making them suitable for various applications, including space [2]. - The company's solid-state dedicated ultra-high nickel multi-materials have performance metrics (cycle life, capacity) approaching those of liquid batteries, meeting the demand for over 400 Wh/kg energy density [2]. - The ultra-high capacity lithium-rich manganese-based materials can achieve energy densities of up to 500 Wh/kg, leading the industry in performance [2]. Group 2: Technological Development - The company has comprehensively laid out different technological routes for solid electrolytes, including sulfides, oxides, and halides [2]. - It has developed a novel chloroiodide composite sulfide electrolyte, which is currently undergoing mass validation with leading customers [2]. Group 3: Future Outlook - As the application scenarios for solid-state batteries continue to mature, the company anticipates a positive impact on its financial performance [2].

Group 1 - The core point of the article is that lithium iodide is a key raw material for the company's chlorine-iodine composite sulfide solid electrolyte, which is currently undergoing batch validation with leading customers [2] Group 2 - The company has confirmed that its electrolyte products are being validated in bulk by top-tier clients [2]

证券日报网讯1月16日，当升科技（300073）在互动平台回答投资者提问时表示，公司将严格按照相关 法律法规履行信息披露义务。 ...

证券日报网讯1月16日，当升科技（300073）在互动平台回答投资者提问时表示，公司会密切关注相关 政策动态，积极采取应对措施，保持公司经营平稳发展，目前公司生产经营一切正常，各项业务稳步推 进。 ...

Investment Rating - The industry investment rating is "Overweight," indicating that the industry index is expected to outperform the market index by more than 10% over the next six months [5]. Core Insights - In December 2025, the production and sales of new energy vehicles (NEVs) and batteries showed year-on-year growth but a month-on-month decline, primarily due to consumer hesitation during a subsidy policy gap [4]. - The penetration rate of NEVs reached 52.3% in December, a decrease of 0.9 percentage points month-on-month, while the annual penetration rate for 2025 was 47.9%, an increase of 7 percentage points year-on-year [4]. - The battery production and sales in December 2025 saw significant growth, with production at 201.7 GWh (up 14.4% month-on-month, 62.1% year-on-year) and sales at 199.3 GWh (up 11.1% month-on-month, 57.5% year-on-year) [4]. - The demand for power batteries is expected to weaken in the short term due to the traditional off-season for the NEV market and adjustments in the vehicle purchase tax [4]. - The solid-state battery industry is progressing towards commercialization, which will create incremental demand for materials and equipment in the industry chain [4]. Summary by Sections New Energy Vehicle Market - December 2025 saw NEV production and sales of 171.8 million and 171 million units, respectively, with year-on-year growth of 12.3% and 7.2%, but month-on-month declines of 8.6% and 6.2% [4]. - For the entire year of 2025, NEV production and sales reached 16.626 million and 16.49 million units, with year-on-year growth of 29% and 28.2% [4]. Battery Production and Sales - In December 2025, the production of power and energy storage batteries was 201.7 GWh, with a year-on-year increase of 62.1% [4]. - The sales of power batteries accounted for 72.1% of total sales, with a month-on-month increase of 7.3% and a year-on-year increase of 49.2% [4]. Export and Market Dynamics - Battery exports in December 2025 reached 32.6 GWh, with a year-on-year increase of 49.2% [4]. - The report anticipates stable demand in the energy storage market and potential short-term support for demand due to adjustments in export tax policies [4]. Investment Recommendations - The report suggests focusing on the recovery pace of the industry chain and prioritizing sectors benefiting from solid-state battery advancements, including core materials and equipment [4]. - Key stocks to watch include CATL, EVE Energy, and others listed in the report [4].

登录新浪财经APP 搜索【信披】查看更多考评等级 您好，感谢您的关注和建议，公司将严格按照相关法律法规履行信息披露义务。谢谢。查看更多董秘问 答>> 你好，董秘，请问贵司上个月为什么没有回购股票，因为因为贵司的竞争对手连拿了两个大单没有信心 么，固态电池的高镍和富锂锰业务会不会也被抢过去？可以披露今年订单么和业绩预增么，谢谢 董秘回答(当升科技SZ300073)： 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 投资者提问： ...

格隆汇1月16日丨当升科技(300073.SZ)在互动平台表示，公司与芬兰Donut Lab暂无合作关系。公司始终 对全球固态电池技术发展保持关注，并与国内外多家固态电池领先企业保持着密切的沟通与合作。公司 芬兰工厂正在稳步建设中，预计2026年下半年建成投产。 ...

人民财讯1月15日电，据"常州发布"，1月15日，当升科技（300073）固态电解质材料项目签约落户常州 金坛。为抢抓全球固态电池产业发展战略机遇，深化产业战略布局，当升科技在金坛经开区投资建设固 态电解质材料项目，建设年产3000吨级固态电解质材料生产线。该项目全部建成达产后，预计可实现年 产值约50亿元。 ...

Core Viewpoint - Solid-state batteries are highly compatible with satellite applications due to their lack of liquid electrolytes, low gas evolution risk, radiation resistance, and temperature tolerance, making them a promising investment direction for the industry [1][6]. Group 1: Performance and Compatibility - Solid-state batteries exhibit superior performance characteristics suitable for satellite environments, where traditional liquid lithium-ion batteries face significant risks such as electrolyte evaporation and thermal runaway [2]. - The inherent safety of solid-state electrolytes, which do not contain flammable or volatile components, enhances their stability in vacuum conditions, making them more suitable for long-term space missions [2]. Group 2: Industry Development and Testing - Solid-state batteries have progressed from laboratory validation to engineering and in-orbit verification stages in the satellite sector, with successful tests conducted by JAXA and Hitachi Shipbuilding [4]. - A solid-state lithium-ion battery was launched to the International Space Station in February 2022, demonstrating successful charge and discharge operations over 434 days with no significant capacity degradation [4]. Group 3: Policy Support and Market Outlook - The solid-state battery industry is receiving significant policy support, with multiple initiatives introduced since 2025 to promote its development [5]. - As pilot tests advance, the mass production timeline for solid-state batteries is expected to accelerate, indicating a strong growth trajectory for this technology [5]. Group 4: Investment Recommendations - Companies such as CATL, EVE Energy, and others are recommended for investment due to their involvement in solid-state battery technology, which is anticipated to see increased penetration in the aerospace sector [6].

Investment Rating - The industry investment rating is "Outperform" [11] Core Viewpoints - Solid-state batteries are expected to become a key energy storage technology in the aerospace sector due to their lack of liquid electrolytes, low gas release risk, radiation resistance, and temperature tolerance, making them highly compatible with satellite applications [1][3] - The penetration rate of solid-state batteries in the aerospace field is anticipated to increase as industrialization progresses, with ongoing engineering and in-orbit validation [1][3] - The report maintains a strong outlook for solid-state battery production acceleration, highlighting it as a high-certainty investment direction [3] Summary by Sections Industry Overview - Solid-state batteries have transitioned from laboratory validation to engineering and in-orbit verification in the satellite sector, with successful demonstrations of charging and discharging capabilities in space [5] - NASA is advancing solid-state battery projects aimed at developing technologies suitable for space exploration and manned missions, indicating strong institutional support for this technology [5] Market Potential - The report emphasizes that solid-state batteries offer advantages in energy density and safety, positioning them as a significant upgrade direction for lithium-ion battery technology, supported by multiple national policies since 2025 [5] - The report recommends specific companies such as CATL, Yiwei Lithium Energy, and others as key players in the solid-state battery market, suggesting a focus on companies that are initiating small-scale production and advancing solid-state technology [3]