Group 1: Production and Technology - Continuous production at Taihe Technology refers to automated, continuous input and output processes, offering advantages such as safety, lower investment, stable product quality, and reduced labor needs [1] - The annual production capacity of self-produced phosphorus trichloride is 240,000 tons, with significant technical advantages leading to lower production costs for downstream phosphorus-containing products [2] - Current projects for PEEK, PEN, and PPS are in the pilot testing stage, with PEEK samples already being sent out [2] Group 2: Research and Development - Taihe Technology has approximately 150 R&D personnel, excluding analysis, design, and engineering staff, with the lithium sulfide project team composed entirely of internally trained professionals [3] - The brain biofeedback device developed by Taihe Technology provides real-time feedback for meditation, enhancing user experience compared to existing products [2] Group 3: Incentive Mechanism - The incentive mechanism for executives includes performance indicators linked to business operations, with year-end bonuses based on the completion of these indicators [3] - Business personnel's compensation consists of a fixed salary plus year-end bonuses, determined by market development performance [3] Group 4: Future Growth Points - Future profit growth is expected to come from water treatment agents, electronic chemicals, new materials, battery materials (including sodium battery components and solid-state electrolyte raw materials), and ongoing and planned projects [4]

Investment Rating - The industry rating is "Outperform the Market" [3][50]. Core Insights - Breakthroughs in electrolyzer technology have been observed, and the hydrogen heavy-duty truck sector is gradually maturing. The newly awarded electrolyzer projects are still primarily alkaline, but both PEM and AEM electrolyzer technologies have made significant advancements. It is recommended to pay attention to companies at the forefront of electrolyzer technology [2][40]. - The midstream sector is accelerating the development of hydrogen transportation and utilization, promoting the construction of hydrogen refueling stations. Companies with hydrogen transportation capabilities are recommended for attention [2][40]. - Transportation applications are leading the gradual maturation of the hydrogen fuel cell industry ecosystem, with a recommendation to focus on hydrogen vehicle companies related to heavy-duty trucks [2][40]. Industry Performance - As of July 4, 2025, the hydrogen energy index closed at 2135.09 points, with a weekly change of 1.03% and a year-to-date change of 20.16%. The hydrogen energy index ranked 53rd among the Shenwan secondary industry rankings this week, showing a significant decline [8][14]. - The TTM price-to-earnings ratio of the hydrogen energy index is 24.66 times, and the MRQ price-to-book ratio is 1.60 times as of July 4, 2025 [11][13]. Company Dynamics - The top five companies in the hydrogen energy sector by weekly increase are Xuedilong (31.74%), Kaimeteqi (27.46%), Shengdexintai (22.40%), Zhongcai Technology (20.71%), and Huaguang Huaneng (20.06%). The top three companies by weekly decrease are Guangzhi Technology (-15.82%), Taihe Technology (-9.40%), and Xinxunda (-9.13%) [14][16]. - This week, there were 9 awarded projects in the hydrogen energy sector, with 3 electrolyzer bidding projects totaling 520 MW and a total hydrogen production capacity of 104,000 Nm³/h [17][18]. Industry Dynamics - Significant developments include the approval of the first cross-province green hydrogen pipeline in Inner Mongolia and the launch of hydrogen two-wheelers in Dongguan. These initiatives are part of broader efforts to promote hydrogen energy as a strategic industry [35][36]. - Internationally, Morocco's large-scale green hydrogen project is making progress, and Uzbekistan's Tashkent green hydrogen project has successfully achieved hydrogen production [36][37].

Group 1: New Listings and Market Performance - Xin Henghui successfully listed on the Shenzhen Stock Exchange on June 20, becoming the second new A-share listed company in Shandong this year and the first from Zibo [2][3] - As of June, there are 16 companies in Shandong awaiting IPO approval, with 13 updating their review status [4][6] - In June, 222 stocks from Shandong experienced an upward price trend, with Taihe Technology showing the highest increase of 76.05% [2][15][18] Group 2: Company Financials and Business Overview - Xin Henghui, established in 2017, specializes in chip packaging materials and reported revenues of 684 million yuan, 767 million yuan, and 842 million yuan for 2022 to 2024, reflecting a compound annual growth rate of 10.97% [2][3] - The company's net profits for the same period are projected to be 110 million yuan, 152 million yuan, and 186 million yuan, indicating strong operational performance [2] - The smart card business remains Xin Henghui's core revenue source, contributing 84.45%, 78.35%, and 69.28% to its main business income from 2022 to 2024 [2] Group 3: Market Capitalization and City Distribution - As of June 30, the total market capitalization of Shandong's 309 A-share listed companies reached 38,445.71 billion yuan, with Yantai, Qingdao, and Jinan holding the top three positions [10][13] - The market capitalization ranking among cities saw Yantai surpass Qingdao, with Yantai at 8,183.91 billion yuan and Qingdao at 8,040.13 billion yuan [13] - The top ten listed companies in Shandong have a combined market capitalization of 13,154.85 billion yuan, with seven companies exceeding 1,000 billion yuan [13][20]

Group 1: Company Overview - The main business of Taihe Technology is water treatment agents, with downstream applications in power, metallurgy, chemicals, oil extraction, and daily chemicals [1] - Major domestic competitors in the water treatment agent sector include Taihe Technology, Nantong Lianfan, and Qingshuiyuan [1] Group 2: Production and Supply Chain - The company has achieved full self-supply of phosphorus trichloride, with an annual production capacity of 240,000 tons [2] - Product pricing is determined by various factors, including raw material price fluctuations, market competition, and company strategy [2] Group 3: Export and Market Impact - The company exports primarily to Europe, America, the Middle East, and Asia-Pacific regions [2] - Most of Taihe Technology's products are included in the U.S. exemption list, minimizing the impact of new tariff policies on operations [2] Group 4: Research and Development - The company employs approximately 150 R&D personnel, excluding analysis, design, process, and engineering technicians [2] - The technology for R&D projects is sourced from in-house development [2] - The lithium sulfide process uses solid-phase methods, with current progress in the pilot testing stage [2]

证券代码：300801 证券简称：泰和科技 公告编号：2025-022 山东泰和科技股份有限公司 股票交易异常波动公告 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、股票交易异常波动情况 山东泰和科技股份有限公司（以下简称"公司"）股票交易价格于 2025 年 6 月 24 日、2025 年 6 月 25 日连续两个交易日内收盘价格涨幅偏离值累计超过 30%，根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动的 情况。 二、公司关注并核实情况说明 针对公司股票交易异常波动，公司董事会对公司、公司控股股东及实际控制 人就有关事项进行了核查，现将有关情况说明如下： 公司董事会确认，公司目前没有任何根据《深圳证券交易所创业板股票上市 规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意 向、协议等；董事会也未获悉公司有根据《深圳证券交易所创业板股票上市规则》 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了与公司相关且市场关注度较高的信息； 3、公司目前经营正常，近期公司经营情况及内外部经营环境未 ...

Core Viewpoint - Taihe Technology experienced a significant increase in stock price, reaching a daily limit up of 20% with a trading volume of 1.064 billion yuan and a turnover rate of 32.48% [2] Trading Activity - The stock was listed on the Shenzhen Stock Exchange due to its closing price increase of 20% [2] - The top five trading departments accounted for a total transaction amount of 212 million yuan, with buying and selling amounts both at 106 million yuan, resulting in a net buying of 598,600 yuan [2] - The largest buying department was Guosen Securities Beijing Branch, with a buying amount of 34.62 million yuan, while the largest selling department was Kaiyuan Securities Xi'an Taihua Road Branch, with a selling amount of 26.33 million yuan [2] Fund Flow - The stock saw a net outflow of 18.49 million yuan from main funds, with a large single net inflow of 62.72 million yuan and a large single net outflow of 81.20 million yuan [2] - Over the past five days, the net inflow of main funds was 99.08 million yuan [2]

山东泰和科技股份有限公司 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、股票交易异常波动情况 证券代码：300801 证券简称：泰和科技 公告编号：2025-021 司股票的行为； 三、是否存在应披露而未披露信息的说明 公司董事会确认，公司目前没有任何根据《深圳证券交易所创业板股票上市 规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意 向、协议等；董事会也未获悉公司有根据《深圳证券交易所创业板股票上市规则》 等有关规定应予以披露而未披露的、对公司股票及其衍生品种交易价格产生较大 影响的信息；公司前期披露的信息不存在需要更正、补充之处。 四、风险提示 海证券报》、《证券日报》和巨潮资讯网（http://www.cninfo.com.cn）为公司指 定的信息披露媒体，公司所有信息披露均以上述媒体刊登的信息为准。 山东泰和科技股份有限公司（以下简称"公司"）股票交易价格于 2025 年 幅偏离值累计超过 30%，根据《深圳证券交易所交易规则》的有关规定，属于股 票交易异常波动的情况。 二、公司关注并核实情况说明 针对公司股票交易异常波动， ...

证券代码：300801 证券简称：泰和科技 公告编号：2025-021 山东泰和科技股份有限公司 股票交易异常波动公告 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、股票交易异常波动情况 山东泰和科技股份有限公司（以下简称"公司"）股票交易价格于 2025 年 6 月 19 日、2025 年 6 月 20 日、2025 年 6 月 23 日连续三个交易日内收盘价格涨 幅偏离值累计超过 30%，根据《深圳证券交易所交易规则》的有关规定，属于股 票交易异常波动的情况。 二、公司关注并核实情况说明 针对公司股票交易异常波动，公司董事会对公司、公司控股股东及实际控制 人就有关事项进行了核查，现将有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了与公司相关且市场关注度较高的信息； 3、公司目前经营正常，近期公司经营情况及内外部经营环境未发生重大变 化； 4、公司、控股股东和实际控制人不存在关于公司的应披露而未披露的重大 事项，或处于筹划阶段的重大事项； 5、公司控股股东、实际控制人在公司股票交易异常波动期间不存在 ...

Group 1 - Solid-state battery concept stocks continue to rise, with Taihe Technology (300801) increasing by over 10% [1] - Xiangtan Electric (002125) previously reached a trading limit, indicating strong market interest [1] - Guoxuan High-Tech (002074) saw an increase of over 7%, reflecting positive sentiment in the sector [1] Group 2 - Huazheng New Materials (603186) and Huayou Cobalt (603799) also experienced gains, suggesting a broader trend in the solid-state battery market [1]

证券代码：300801 证券简称：泰和科技 公告编号：2025-020 山东泰和科技股份有限公司 关于工商变更登记的进展公告 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。 山东泰和科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 30 日和 2025 年 5 月 16 日召开了第四届董事会第十二次会议和 2025 年第一次临时 股东会，审议通过了《关于修订<公司章程>并变更法定代表人的议案》。公司 已在《公司章程》修订生效后，将公司法定代表人由董事长程终发先生变更为总 经理姚娅女士。 截至本公告披露日，公司完成工商变更登记手续，并取得了由枣庄市行政审 批服务局核发的《营业执照》，具体工商登记信息如下： 统一社会信用代码：91370400786125648K 名称：山东泰和科技股份有限公司 类型：股份有限公司（上市、自然人投资或控股） 法定代表人：姚娅 注册资本：贰亿壹仟捌佰肆拾叁万元整 特此公告。 1 山东泰和科技股份有限公司董事会 2025 年 5 月 20 日 2 成立日期：2006 年 03 月 14 日 住所：山东省枣庄市市中区十里泉 ...