Core Viewpoint - The company, Haike Xinyuan (301292.SZ), has reported significant abnormal fluctuations in its stock trading, with no major changes expected in its operational situation or external business environment [1] Summary by Relevant Sections - **Stock Performance** - From October 30, 2025, to November 11, 2025, the company's stock price increased by a cumulative 107.49% over 9 consecutive trading days [1] - From September 29, 2025, to November 11, 2025, the stock price rose by a cumulative 214.68% over 26 consecutive trading days [1] - During the same periods, the ChiNext Composite Index experienced declines of -5.71% and -0.55%, respectively, indicating that the company's stock performance significantly outpaced the index [1]

Core Insights - Haike Xinyuan (301292.SZ) announced a strategic cooperation and raw material supply agreement with Kunlun New Materials on November 11, 2023, which is set to last from January 1, 2026, to December 31, 2028 [1] - Under this agreement, Kunlun New Materials is expected to purchase 596,200 tons of electrolyte solvent from Haike Xinyuan during the effective period [1] - The collaboration extends beyond existing solvent and additive products, indicating a mutual intent to jointly develop new products and applications [1]

Core Viewpoint - Haike Xinyuan (301292.SZ) has signed a strategic cooperation and raw material supply agreement with Kunlun New Material Co., Ltd. for the purchase of electrolyte solvents, indicating a significant partnership in the supply chain for the battery industry [1] Group 1 - The agreement was signed on November 10, 2025, and is effective from January 1, 2026, to December 31, 2028 [1] - Kunlun New Material is expected to supply approximately 596,200 tons of electrolyte solvent to Haike Xinyuan during the agreement period, with actual procurement quantities based on confirmed orders [1]

Core Viewpoint - Haike Xinyuan (301292.SZ) has signed a strategic cooperation and raw material supply agreement with Kunlun New Materials Co., Ltd. for the purchase of electrolyte solvents, indicating a significant partnership in the supply chain for the battery industry [1] Summary by Sections - **Agreement Details** - The agreement was signed on November 10, 2025, and is effective from January 1, 2026, to December 31, 2028 [1] - Kunlun New Materials is expected to supply approximately 596,200 tons of electrolyte solvents to Haike Xinyuan during the agreement period [1] - The actual procurement quantity will be based on orders confirmed by both parties [1]

Core Viewpoint - The company has signed a strategic cooperation and raw material supply agreement with Xianghe Kunlun New Energy Materials Co., Ltd., which is expected to enhance its supply chain and operational efficiency [1] Group 1 - The agreement was signed on November 10, 2025, and is valid from January 1, 2026, to December 31, 2028 [1] - During the agreement period, Kunlun New Materials is expected to purchase 596,200 tons of electrolyte solvent from the company [1]

证券代码：301292 证券简称：海科新源 公告编号：2025-069 山东海科新源材料科技股份有限公司 关于股票交易严重异常波动暨股票交易异常波动的公告 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。 一、股票交易严重异常波动及股票交易异常波动的具体情况 山东海科新源材料科技股份有限公司（以下简称"公司"）股票 于连续九个交易日（2025 年 10 月 30 日至 2025 年 11 月 11 日）收盘 价格涨幅偏离值累计超过 100%；公司股票连续 26 个交易日（2025 年 9 月 29 日至 2025 年 11 月 11 日）收盘价格涨幅偏离值累计超过 200%； 连续 10 个交易日内 3 次收盘价出现涨幅偏离值累计达 30%的同向异 常波动情形，触及《深圳证券交易所交易规则》规定的股票交易严重 异常波动情形。 公司股票连续 2 个交易日（2025 年 11 月 10 日、2025 年 11 月 11 日）内日收盘价格涨幅偏离值累计超过 30%，触及《深圳证券交易 所交易规则》规定的股票交易异常波动情形。 二、公司关注并核实情况的说明 5、公司控股 ...

证券代码：301292 证券简称：海科新源 公告编号：2025-068 山东海科新源材料科技股份有限公司 关于签署战略合作协议的公告 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。 一、协议的基本情况 山东海科新源材料科技股份有限公司（以下简称"海科新源"或 "公司"）与香河昆仑新能源材料股份有限公司（以下简称"昆仑新 材"）于 2025 年 11 月 10 日签署《战略合作暨原材料供货协议》（以 下简称"本协议"）。协议约定，在本协议有效期内【自 2026 年 01 月 01 日至 2028 年 12 月 31 日止】，昆仑新材向海科新源购买电解液 溶剂预计 596,200 吨。产品的实际采购数量以经双方确认的订单为准。 本协议的签署无需提交董事会或股东会审议。 本协议的签署不构成关联交易，也不构成《上市公司重大资产重 组管理办法》规定的重大资产重组。 二、合作对方介绍 经营范围：许可项目：危险化学品经营。（依法须经批准的项目， 经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准 文件或许可证件为准）一般项目：电子专用材料制造；电子专用材料 销售； ...

证券日报网讯海科新源11月11日在互动平台回答投资者提问时表示，截至2025年10月31日股东人数为 23342户。 （文章来源：证券日报） ...

证券日报网讯海科新源11月11日在互动平台回答投资者提问时表示，今年前三季度公司实现营业收入 36.53亿元，同比增长43.17%。第三季度的营业收入达到13.37亿元，同比增加80.43%，归母净利润亏损 同比缩小40.06%，公司经营业绩持续转好。未来，公司将进一步加大技术研发与产品升级力度，深化 固态电池配套材料、新型添加剂等前沿技术的应用研究，强化技术壁垒；同时积极推进产能优化与降本 增效，加速全球化市场拓展和客户结构升级，全面提升盈利能力和经营业绩。 （文章来源：证券日报） ...

Core Viewpoint - The lithium battery energy storage sector is experiencing a significant surge driven by policy support, market demand, and rising prices, indicating the onset of a new super cycle in the industry [1][5][24]. Policy Support - The National Development and Reform Commission and the National Energy Administration have issued guidelines to promote renewable energy consumption, aiming for an average of 200GW by 2030, which enhances the profitability of energy storage projects [3]. - Energy storage projects can now earn stable income by providing peak shaving services to the grid, increasing internal rates of return (IRR) from 5%-6% to 8%-10%, with some regions even reaching 12% [3][4]. - The cancellation of mandatory energy storage requirements has led to a 212% year-on-year increase in domestic energy storage bidding volumes [4]. Demand Explosion - The domestic market has seen a doubling of registered energy storage projects to 1125GWh in the first three quarters of 2025, indicating a shift from being an accessory to renewable energy to a primary focus [6]. - Overseas orders for Chinese energy storage companies surged by 246% year-on-year, with significant demand from the U.S. and Europe due to AI data centers and carbon neutrality goals [6][7]. Price Increases in Materials - The price of lithium hexafluorophosphate (6F) has increased by 50% from its bottom price of 45,000 yuan/ton, driven by rising demand and limited production capacity [16]. - Prices for battery-grade lithium carbonate and other additives have also seen significant increases, with VC prices rising by 50% since September [12][17]. - The supply-demand dynamics in the materials sector are expected to continue driving price increases, with structural shortages in key components like cathodes and separators [19][23]. Key Companies and Investment Opportunities - Companies involved in energy storage systems and power conversion systems (PCS) are positioned to benefit from the surge in global orders, with notable players including Sungrow Power and Huaneng Renewables [21]. - Leading battery cell manufacturers like CATL and EVE Energy are expected to see stable demand growth, with their production capacities fully utilized [22]. - Material producers such as Tianji and Huasheng Lithium are highlighted for their strong profit potential due to rising prices and demand [23]. Summary - The lithium battery energy storage sector is at the beginning of a super cycle, driven by favorable policies, robust demand, and rising material prices, with significant opportunities across the entire supply chain [24][25].