Core Viewpoint - The article discusses the potential of Xingyuan Material's IPO in Hong Kong as a stepping stone for its growth, focusing on solid-state battery technology and overseas expansion strategies [2][21]. Group 1: Company Overview - Xingyuan Material, a leading separator manufacturer for lithium batteries, has submitted a new IPO application to the Hong Kong Stock Exchange after its previous application expired [2]. - The company ranks second in China's battery separator market by shipment volume for 2024, with dry-process separators holding the top global position and wet-process separators ranked second [2][4]. Group 2: Financial Performance - The company's revenue for 2023 and 2024 is projected to be 2.982 billion yuan and 3.506 billion yuan, respectively, reflecting year-on-year growth of 4.62% and 17.52%. However, net profit is expected to decline to 576 million yuan and 364 million yuan, down 19.87% and 36.87% [5]. - The gross margin for the separator business has decreased from 30% in the first three quarters of 2024 to 21.3% in the same period of 2025, a drop of 8.7 percentage points, attributed to increased market competition [6]. Group 3: Market Dynamics - The battery separator industry in China is expected to grow at a compound annual growth rate (CAGR) of 63.8% from 2022 to 2024, outpacing the shipment growth of 35.8%, leading to oversupply and downward pressure on prices [6]. - Xingyuan Material's competitive advantage lies in its diverse customer base and its ability to maintain profitability despite industry challenges, unlike its main competitor, Enjie, which has reported losses [7][8]. Group 4: Overseas Expansion - The company plans to allocate 60% of its IPO proceeds to support overseas production capacity, with factories established in Malaysia, Sweden, and the United States, targeting a total planned capacity of over 2 billion square meters by 2026-2027 [4][9]. - The demand for energy storage batteries is expected to surge, with China's energy storage lithium battery shipments projected to reach 630 GWh in 2025, a year-on-year increase of 85% [11]. Group 5: Technological Advancements - Xingyuan Material is focusing on the development of solid-state electrolyte membranes, with plans to launch products in the second half of 2026, aligning with industry trends towards solid-state battery production [19][20]. - The company has completed pilot testing for solid-state battery separators and is conducting scale-up trials, aiming for integration with existing production processes [20]. Group 6: Strategic Positioning - The article emphasizes the importance of Xingyuan Material's IPO as a means to leverage international capital for expanding production capacity and advancing new technologies, positioning the company for future growth in a competitive market [21][22].

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Predictions - Global lithium battery production is expected to reach 2297 GWh by 2025, with a growth rate of 34.6% in 2026. The shipment growth rate for energy storage cells is projected to be as high as 70%, driven by both domestic and international demand [5]. - There is a notable supply gap in the effective production capacity of battery cells and various materials, making supply chain stability and efficiency crucial for capitalizing on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on two main topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, and B2B procurement matchmaking to connect top battery manufacturers and material suppliers [6]. Group 3: Key Topics and Speakers - The conference will feature discussions on lithium carbonate futures and options, market volatility responses from lithium battery companies, and the potential of global lithium resources in 2026 [7][8]. - Other topics include the strategic resource competition in nickel and cobalt supply, the development opportunities presented by solid-state batteries, and the current market trends for various battery materials [8][9].

化工板块午后持续强势，反映化工板块整体走势的化工ETF（516020）持续高位震荡，截至发稿，场内价格涨3.13%。 如何把握化工板块反弹机遇？借道化工ETF（516020）布局效率或更高。公开资料显示，化工ETF（516020）跟踪中证细分化工产业主题指数，成份股覆盖 AI算力、反内卷、机器人、新能源等热门主题。场外投资者亦可通过化工ETF联接基金（A类012537/C类012538）布局化工板块。 来源：沪深交易所等，截至2026.2.6。 注：投资者在申购或赎回基金份额时，申购赎回代理券商可按照不超过0.5%的标准收取佣金，其中包含证券交易所、登记机构等收取的相关费用。化工ETF 不收取销售服务费。 成份股方面，锂电、磷化工、氟化工等热门板块集体猛攻！截至发稿，恩捷股份涨停，宏达股份、多氟多双双大涨超8%，天赐材料、浙江龙盛涨超7%，星 源材质、华峰化学、荣盛石化等多股涨超5%。 | 分时 多日 | | 1分 5分 15分 30分 | ୧୦સ્ત્ર | 日 周月 更多 | | | F9 盘前盘后 叠加 九转 | | 画线 丁目 > 2 > | 4. TETF O | | | | --- | --- | ...

化工板块午后持续强势，反映化工板块整体走势的化工ETF（516020）持续高位震荡，截至发稿，场内 价格涨3.13%。 成份股方面，锂电、磷化工、氟化工等热门板块集体猛攻！截至发稿，恩捷股份涨停，宏达股份、多氟 多双双大涨超8%，天赐材料、浙江龙盛涨超7%，星源材质、华峰化学、荣盛石化等多股涨超5%。 | 序号 代码 名称 | | 主力净流入额▼ | | --- | --- | --- | | 1 - 111111 | CI00500 基础化工(中信) | 195.99亿 | | 2 | CI00501 机械(中信) | 130.33亿 | | 3 | Cl00501 电力设备及新能源(中信) | 124.91亿 | | 4 | CI00500 有色金属(中信) | 2668.56 | | ਰ | CI00502 通信(中信) | 82.26亿 | 化工ETF联接A申购费率为：100万元以下，0.8%；100万元（含）-200万元，0.5%；200万元（含）以 上，每笔1000元。赎回费率为：7天以内，1.5%；7天（含）-180天，0.5%；180天（含）-以上，0%。 细分行业消息面上，一季度主流制冷剂长 ...

数据显示，广发基金旗下1只基金位居星源材质十大流通股东。广发国证新能源车电池ETF（159755） 三季度新进十大流通股东，持有股数1330.9万股，占流通股的比例为1.1%。根据测算，今日浮盈赚取约 971.56万元。 广发国证新能源车电池ETF（159755）成立日期2021年6月15日，最新规模140.86亿。今年以来亏损 2.62%，同类排名5395/5564；近一年收益60.98%，同类排名499/4288；成立以来收益4.12%。 广发国证新能源车电池ETF（159755）基金经理为罗国庆。 2月6日，星源材质涨5.37%，截至发稿，报14.32元/股，成交6.63亿元，换手率3.93%，总市值192.71亿 元。 资料显示，深圳市星源材质科技股份有限公司位于广东省深圳市光明区公明办事处田园路北,香港湾仔 皇后大道东248号大新金融中心40楼，成立日期2003年9月17日，上市日期2016年12月1日，公司主营业 务涉及锂离子电池隔膜研发、生产及销售。主营业务收入构成为：锂离子电池隔膜新能源材料 99.08%，其他0.92%。 从星源材质十大流通股东角度 截至发稿，罗国庆累计任职时间10年120天 ...

星源材质（300568.SZ）2月6日在投资者互动平台表示，公司与佛山仙湖实验室的合作聚焦于氢能源关 键膜材料的开发工作，合作内容主要围绕海水制氢场景下的膜材料技术研发及产业化应用，以及燃料电 池领域的相关技术探索。 每经AI快讯，有投资者在投资者互动平台提问：请问公司在2023年11月份和佛山仙湖实验室签署的战 略合作协议上在氢能源和燃料电池方面的合作目前有什么实质项目？ （记者 王晓波） ...

受惠于新能源汽车出货量上升、能源存储高速发展及其他终端使用需求攀升，中国电池隔膜市场近年保持稳定增长态势。2020年至2024年，中国电池隔膜 出货量由36亿平方米增加至约233亿平方米，复合年增长率为59.5%。2024年，本集团在全球电池隔膜市场排名第二，占14.4%的市场份额。 受惠于新能源汽车出货量上升、能源存储高速发展及其他终端使用需求攀升，中国电池隔膜市场近年保持稳定增长态势。2020年至2024年，中国电池隔膜 出货量由36亿平方米增加至约233亿平方米，复合年增长率为59.5%。2024年，本集团在全球电池隔膜市场排名第二，占14.4%的市场份额。 作为锂离子电池产业的早期进入者，公司现已建设成全球锂离子电池隔膜市场的一家备受认可的供货商。公司是少数拥有独立设备研究及设计能力的公司 之一，地位独特，并且具备专有的微孔制备技术，已藉此建立具有竞争力的电池隔膜生产线。公司在电池隔膜众多关键性能指针上都表现卓越，包括厚 度、孔隙率、热收缩、透气性和穿刺强度。公司凭借专业技术和对品质的承诺，为世界领先的锂离子电池制造商提供服务，例如LG新能源、三星SDI、远 景动力、村田、SK On、SAFT、宁德时 ...

来源|贝多商业&贝多财经 1月30日，深圳市星源材质科技股份有限公司（下称"星源材质"，SZ:300568）再度递交招股书，报考在港交所主板上市。据贝多商业&贝多财经了解，星源 材质曾于2025年7月递表，此次是"失效"后的一次更新。 2022年、2023年、2024年度和2025年前九个月（前三季度），星源材质的营收分别约为28.67亿元、29.82亿元、35.06亿元和29.32亿元，净利润分别约为7.48 亿元、5.94亿元、3.71亿元和1.41亿元。 | | | 截至12月31日止年度 | | 截至9月30日止九 | | | --- | --- | --- | --- | --- | --- | | | 2022年 | 2023年 | 2024年 | 2024年 | | | | 人民幣千元 | 人民幣于元 | 人民幣十元 | 人民幣千元 | 人 | | | | | | (未經審核) | | | 收益 | 2,866,718 | 2,981,863 | 3,506,153 | 2,577,816 | 2 | | 銷售成本 | (1,581,850) | (1,691,456) | (2,521,858 ...

Core Viewpoint - The lithium battery industry is expected to experience a significant growth wave in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological iterations, leading to a spiral growth pattern of "increased volume and price + technological leap" [3]. Group 1: Market Predictions - By 2025, global lithium battery production is projected to reach 2297 GWh, with a growth rate of 34.6% in 2026. The shipment growth rate for energy storage cells is anticipated to reach 70%, driven by both domestic and international demand [5]. - There is a notable supply gap in the effective production capacity of battery cells and various materials, making supply chain stability and efficiency crucial for capitalizing on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Key Materials and Application Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on two main topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, and B2B procurement matchmaking to connect top battery manufacturers and material suppliers [6]. Group 3: Key Topics and Participants - The conference will feature specialized sessions on lithium carbonate futures, market volatility responses from lithium battery companies, and the potential of global lithium resources in 2026 [7][8]. - Notable participants include leading battery companies like CATL and BYD, as well as material suppliers covering the entire supply chain, including positive and negative materials, electrolytes, and separators [6].

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle starting in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Predictions - Global lithium battery production is expected to reach 2297 GWh by 2025, with a growth rate of 34.6% in 2026. The shipment growth rate for energy storage cells is projected to be as high as 70%, driven by dual domestic and international demand [5]. - There exists a notable supply gap in battery cells and various materials, necessitating a focus on ensuring a stable and efficient supply chain to capitalize on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on two main topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, and B2B procurement matchmaking to connect top battery manufacturers and material suppliers [6]. Group 3: Key Topics and Participants - The conference will feature specialized sessions on lithium carbonate futures, market volatility responses from lithium battery companies, and the potential of global lithium resources [7][8]. - Notable participants include leading battery companies like CATL and BYD, as well as material suppliers covering the entire supply chain, including cathode materials, anode materials, electrolytes, and separators [6]. Group 4: Industry Trends and Strategic Insights - The lithium battery industry is expected to play a crucial role in energy transition and carbon neutrality goals as it enters a new planning phase [6]. - The summit aims to provide authoritative data releases, benchmark company rankings, and deep industry connections to facilitate high-quality development in the lithium battery sector [6].