Group 1 - The CINE2025 Solid-State Battery Exhibition and Industry Annual Conference will be held from November 6-8, 2025, at the Guangzhou Nansha International Convention and Exhibition Center, with over 200 exhibitors and 20,000 professional attendees expected [1] - The event will feature the 2025 Qidian Solid-State Battery Golden Award Ceremony and the SSBA Solid-State Battery Industry Alliance Council [1] - Key exhibitors include major companies such as CATL, BYD, and GAC, indicating strong industry participation [1] Group 2 - According to Qidian Research Institute SPIR data, China's lithium cobalt oxide cathode shipment volume reached 75,700 tons from January to August 2025, representing a year-on-year increase of 28.4% [2] - The growth in shipment volume is attributed to the "old-for-new" policy boosting consumer demand and stockpiling behavior among downstream customers due to export bans and fluctuating tariffs [2] - The competitive landscape for lithium cobalt oxide cathodes is stable, with the top five players holding a combined market share of 89.9%, including companies like Xiamen Tungsten and BASF Shanshan [2] Group 3 - The top five companies in China's lithium cobalt oxide cathode shipments for 2025 are Xiamen Tungsten, Bamo Technology, BASF Shanshan, MGL, and Keheng Co., with Xiamen Tungsten holding over 50% market share due to high-performance products [3]

证券代码：300340 证券简称：科恒股份 公告编号：2025-103 江门市科恒实业股份有限公司董事会 2025 年 10 月 16 日 江门市科恒实业股份有限公司（以下简称"公司"）分别于2025年3月26日召开 第六届董事会第十次会议，于2025年4月14日召开2025年第三次临时股东大会，审议 通过了《关于向金融机构申请综合授信额度的议案》，同意公司及子公司拟向金融 机构申请不超过人民币20亿元的综合授信额度（包含前期已申请且在有效期的额度）， 授信业务包括但不限于流动资金贷款、并购贷款、项目贷款、保函、信用证、票据 贴现等综合业务，具体授信业务品种、额度、业务期限和利率，以各方签署的合同 为准，有效期自本次股东会审议通过之日起至下一个年度股东会时止。授信期限内， 授信额度可循环使用，无需公司另行出具决议。以上综合授信额度不等于公司及子 公司的实际融资金额，实际融资金额应在综合授信额度内，以金融机构与公司及控 股子公司实际发生的融资金额为准，具体融资金额将视公司及控股子公司运营资金 的实际需求来合理确定。同时，授权总裁在上述授信额度内签署相关的合同、协议 等各项法律文件。具体内容详见公司2025年3月 ...

Market Overview - The battery sector experienced a decline of 0.53% on the previous trading day, with Defu Technology leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Gainers in the Battery Sector - Haike Xinao (301292) saw a closing price of 26.44, with a significant increase of 12.46% and a trading volume of 317,800 shares, amounting to 788 million yuan [1] - Jinyinhai (300619) closed at 37.67, up 12.35%, with a trading volume of 224,800 shares and a turnover of 810 million yuan [1] - Qiaocheng Ultrasonic (688392) closed at 103.40, rising by 11.97% with a trading volume of 72,800 shares, totaling 728 million yuan [1] Top Losers in the Battery Sector - Defu Technology (301511) closed at 32.27, down 5.95%, with a trading volume of 288,100 shares and a turnover of 928 million yuan [2] - Keda Li (002850) closed at 174.01, decreasing by 5.05%, with a trading volume of 87,900 shares and a turnover of 1.526 billion yuan [2] - Anfu Technology (603031) closed at 39.85, down 4.18%, with a trading volume of 71,500 shares and a turnover of 285 million yuan [2] Capital Flow in the Battery Sector - The battery sector experienced a net outflow of 3.121 billion yuan from institutional investors, while retail investors saw a net inflow of 3.336 billion yuan [2][3] - Notable net inflows from retail investors included Tianqi Materials (002709) with 2.12 billion yuan and Greenmei (002340) with 2.11 billion yuan [3] - Major net outflows from institutional investors included Shida Shenghua (603026) with 94.291 million yuan and Jinyinhai (300619) with 71.922 million yuan [3]

Core Viewpoint - The strategic cooperation between Keheng Co., Ltd. and Beijing Pure Lithium New Energy Technology Co., Ltd. aims to establish a comprehensive partnership in the production of all-solid-state lithium-ion battery equipment, cathode materials, and energy storage market promotion, with recent progress reported in their collaboration [1]. Group 1 - Keheng Co., Ltd. signed a strategic cooperation agreement with Beijing Pure Lithium New Energy Technology Co., Ltd. on June 2025, focusing on a full-chain strategic partnership [1]. - The recent development includes a purchase contract between Shenzhen Haoneng Technology Co., Ltd. (a wholly-owned subsidiary of Keheng) and Hukou Pure Lithium New Energy Co., Ltd. (a wholly-owned subsidiary of Beijing Pure Lithium) for the procurement of dual-layer high-speed extrusion coating machines and integrated roller cutting machines for cathodes and anodes [1]. - The company has indicated that changes in circumstances for either party may affect the execution of the contract, and the signing of the contract does not constitute any profit forecast commitment from the company [1].

近期，公司全资子公司深圳市浩能科技有限公司（以下简称"深圳浩能"） 与北京纯锂全资子公司湖口纯锂新能源有限公司（以下简称"湖口纯锂"）签署 了《设备购销合同》。经过友好协商，双方就湖口纯锂向深圳浩能采购正/负极 双层高速挤压涂布机和正/负极辊压分切一体机的事宜达成协议。 证券代码：300340 证券简称：科恒股份 公告编号：2025-102 江门市科恒实业股份有限公司 关于《战略合作协议》的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 2025 年 6 月，江门市科恒实业股份有限公司（以下简称"公司"）与北京 纯锂新能源科技有限公司（以下简称"北京纯锂"）签署了《战略合作协议》， 约定双方围绕"材料-装备-研发-产线"构建全链条战略合作关系，尤其是在全固 态锂离子电池生产设备(含定制化设备)、全固态锂离子电池正极材料、全固态电 池储能市场推广等多场景战略合作。具体内容详见公司于 2025 年 6 月 27 日披露 的《关于公司与北京纯锂新能源科技有限公司签署<战略合作协议>的公告》（公 告编号：2025-072）。现就该事项的相关进展情况进行披露如 ...

Core Viewpoint - The company, Jiangmen Keheng Industrial Co., Ltd., and its wholly-owned subsidiary, Shenzhen Haoneng Technology Co., Ltd., are involved in two ongoing lawsuits related to contract disputes with Hunan Lingpai Lithium Energy Co., Ltd. The total amount in dispute is approximately 44,589,805.56 yuan, with potential implications for the company's financial performance [1][8]. Summary of Major Litigation Matters - The company has received a court summons regarding two lawsuits, with the company and its subsidiary being defendants [3][6]. - The plaintiff, Hunan Lingpai Lithium Energy Co., Ltd., claims that the equipment delivered by the defendants was defective, leading to significant production losses and seeks compensation totaling 39,989,805.56 yuan for breach of contract [4][5]. - The plaintiff also requests additional compensation of 3,700,000 yuan for unauthorized changes to product specifications and 900,000 yuan for the defendants' actions that hindered equipment operation [5][6]. Financial Impact - The lawsuits may have uncertain impacts on the company's current and future profits, as the cases have not yet been heard in court [2][9]. - The company has previously filed a lawsuit against Hunan Lingpai for the recovery of 14,769,984.00 yuan in payments and 7,807,000.00 yuan in penalties due to contract breaches [8][9]. Additional Litigation Information - Since August 1, 2025, the company has reported two additional litigation matters involving approximately 31.10 million yuan, representing 0.58% of the company's latest audited net assets [7]. - The company has confirmed that there are no other undisclosed litigation matters as of the announcement date [7].

关于公司及全资子公司新增诉讼及前期诉讼、仲裁的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300340 证券简称：科恒股份 公告编号：2025-101 江门市科恒实业股份有限公司 4、对上市公司损益产生的影响及相关提示： 特别提示： 1、案件所处的诉讼阶段：已收到法院传票，等待开庭审理。 2025 年 7 月，江门市科恒实业股份有限公司（以下简称"公司"）全资子公司深圳浩能 科技有限公司（以下简称"深圳浩能"）就湖南领湃锂能有限公司（以下简称"湖南领湃"） 合同违约向深圳市坪山区人民法院提起诉讼，请求法院判决湖南领湃和湖南领湃科技集团股 份有限公司（以下简称"领湃科技"）偿还货款 14,769,984.00 元并支付违约金 7,807,000.00 元（暂计）。具体情况详见公司于 2025 年 7 月 29 日披露的《关于全资子公司涉及重大诉讼 的公告》（公告编号：2025-082）。本次诉讼系湖南领湃以深圳浩能交付的设备存在质量问 题等为由，向祁东县人民法院提起诉讼，请求法院判决深圳浩能和公司赔付违约金和其他损 失等。两起案件均系深圳 ...

Group 1 - Dongfang Caifu announced that shareholders plan to transfer a total of 237.8 million shares at a price of 24.40 yuan per share, with 32 institutional investors participating in the bidding [1] - Laofengxiang's subsidiary plans to invest 24 million USD to acquire a 20% stake in Maybach Luxury Goods Asia Pacific, becoming the second-largest shareholder [1] - Saito Bio's subsidiary received a CEP certificate for Dexamethasone Sodium Phosphate, allowing it to sell in international markets [2] Group 2 - Jianglong Shipbuilding is expected to win a bid for a 600-ton fishery enforcement vessel project worth 72.99 million yuan, accounting for 4.22% of its audited revenue for 2024 [3] - Shikong Technology is planning to acquire control of Shenzhen Jiahe Jinwei Electronic Technology Co., Ltd., with stock trading suspended for up to 5 trading days [4] - Mould Technology's controlling shareholder plans to reduce its stake by up to 1% due to funding needs [5] Group 3 - Guokong Electronics expects a net profit increase of 64.72% to 80.17% for the first three quarters of 2025, with projected revenue of 340 million to 370 million yuan [7] - Beimo High-Tech anticipates a net profit increase of 50% to 60% for the same period, with a projected net profit of 125 million to 133 million yuan [8] - ST Haofeng's controlling shareholder has transferred 15.0046% of shares to Zhixin Network at a price of 6 yuan per share, totaling 331 million yuan [9] Group 4 - ST Changyuan's major shareholder plans to reduce its stake by up to 3% within 90 days due to risk management [11] - Runze Technology's shareholder plans to reduce its stake by up to 1% due to personal funding needs [12] - Limin Co. expects a net profit increase of 649.71% to 669.25% for the first three quarters of 2025, with a projected net profit of 384 million to 394 million yuan [14] Group 5 - Kanda New Materials received a government subsidy of 10.05 million yuan, accounting for 4.08% of its latest audited net profit [15] - Keheng Co.'s shareholder plans to reduce its stake by up to 1% due to personal funding needs [16] - New Hope reported a September sales revenue of 1.746 billion yuan from 1.3942 million pigs sold, with a year-on-year decline of 23.82% [18] Group 6 - Wan'an Technology plans to invest 150 million yuan to establish a joint venture in Wuhan for automotive chassis systems [19] - Wan'an Technology also intends to acquire a 40% stake in Fuao Wan'an for 26.22 million yuan, aiming for full ownership [19] - Kuai Ke Electronics' controlling shareholder plans to transfer 4% of the company's shares through an inquiry [20] Group 7 - Changan Automobile's joint venture Avita Technology has completed payment of 3.45 billion yuan for a 10% stake in Huawei's Yiwang [21]

Economic Information - The margin trading ratio for SMIC (688981) has been adjusted from 0.70 to 0.00, and for BAWI Storage (688525) from 0.50 to 0.00 due to their static P/E ratios exceeding 300 [2] - The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration have announced adjustments to the technical requirements for new energy vehicles eligible for vehicle purchase tax exemptions for 2026-2027, increasing the minimum electric range for plug-in hybrid vehicles from 43 km to 100 km [2] Company Alerts - Dongfang Fortune's initial pricing for its inquiry transfer is set at 24.40 CNY per share, representing an 8.8% discount from the previous closing price [4] - New Yisheng's initial pricing for its inquiry transfer is set at 328 CNY per share, representing a 6.6% discount from the previous closing price [7] Overseas Alerts - The three major U.S. stock indices closed lower, with the Dow Jones down 0.52%, Nasdaq down 0.08%, and S&P 500 down 0.28%. Popular tech stocks showed mixed performance, with Oracle up over 3% and Meta up over 2%, while Apple and Google fell over 1% [5] - COMEX gold futures fell by 1.95% to 3991.1 USD per ounce, and COMEX silver futures fell by 2.73% to 47.655 USD per ounce [7]

Core Points - Mr. Wang Guojiang holds 23,743,769 shares of Keheng Co., Ltd. (300340.SZ), representing 8.61% of the total share capital [1] - He plans to reduce his holdings by up to 2,758,934 shares, which is approximately 1% of the total share capital, within three months after the disclosure of this reduction plan [1] - The number of shares to be reduced will be adjusted accordingly if there are any changes in share capital, such as stock dividends, capital reserve transfers, or buybacks during the reduction period [1]