Core Viewpoint - The company has established advantages in the solid-state battery sector through its long-term focus on lithium battery front-end processing technology and innovative solutions in manufacturing [2] Group 1: Company Advantages - The company has completed a dual-line product layout for solid-state batteries, integrating dry and wet processes [2] - Innovations in new ceramic materials, twin-screw high-efficiency dispersion, thin coating, and double-layer co-coating technologies provide the company with a competitive edge [2] - The solid-state battery electrode manufacturing solution launched this year effectively combines dry electrode and solid electrolyte thin coating technologies, enhancing front-end process yield and product consistency [2] Group 2: Market Recognition - Several pieces of equipment have been successfully delivered and have received recognition from customers, indicating market acceptance of the company's innovations [2]

格隆汇11月25日丨曼恩斯特(301325.SZ)在互动平台表示，公司长期深耕于锂电池前段制程工艺，在固 态电池领域已初步完成干湿法双线产品布局，在新型陶瓷材料、双螺杆高效分散、薄涂及双层共涂等技 术均有创新优势。今年推出的固态电池极片制造解决方案，将干法电极与固态电解质薄涂技术创新融 合，可以有效控制前段制程良率以及提高产品一致性，目前多款设备已顺利交付并获得客户认可。 ...

Group 1 - The company has confirmed its involvement in the photovoltaic sector, specifically in perovskite technology, utilizing advanced coating technology for large-scale applications [2] - The company has established a comprehensive layout for solution film uniform coating and crystallization, which includes experimental and pilot production lines for both single-junction and tandem cells [2] - The company has received recognition from several leading clients and has delivered multiple GW-level coating systems [2]

曼恩斯特（301325.SZ）11月25日在投资者互动平台表示，公司长期深耕于锂电池前段制程工艺，在固 态电池领域已初步完成干湿法双线产品布局，在新型陶瓷材料、双螺杆高效分散、薄涂及双层共涂等技 术均有创新优势。今年推出的固态电池极片制造解决方案，将干法电极与固态电解质薄涂技术创新融 合，可以有效控制前段制程良率以及提高产品一致性，目前多款设备已顺利交付并获得客户认可。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵司是否有固态电池整线生产线，或是否有技术 储备可以制造？ ...

Core Viewpoint - The stock of Mannester has experienced a decline in price this year, with a notable drop in recent trading days, while the company continues to operate in the high-precision coating equipment sector, primarily focusing on energy systems and coating applications [1][2]. Group 1: Stock Performance - As of November 25, Mannester's stock price increased by 2.02% to 53.65 CNY per share, with a trading volume of 20.26 million CNY and a turnover rate of 0.66%, resulting in a total market capitalization of 7.72 billion CNY [1]. - Year-to-date, Mannester's stock price has decreased by 1.00%, with a 10.03% drop over the last five trading days, a 7.36% decline over the last 20 days, and an 18.88% decrease over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Mannester reported a revenue of 947 million CNY, reflecting a year-on-year decrease of 8.05%, and a net profit attributable to shareholders of -35.47 million CNY, which is a significant decline of 155.28% compared to the previous year [2]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, Mannester had 22,400 shareholders, a decrease of 9.22% from the previous period, with an average of 2,588 circulating shares per shareholder, which is an increase of 10.16% [2]. - The company has distributed a total of 89.81 million CNY in dividends since its A-share listing [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest with 1.25 million shares, an increase of 858,400 shares from the previous period [3].

Investment Rating - The report recommends focusing on solid-state battery equipment suppliers such as **XianDao Intelligent**, **LianYing Laser**, and **HangKe Technology**. It also suggests paying attention to companies involved in dry/wet electrode equipment and dry electrode & module PACK [2][8]. Core Insights - The front-end manufacturing process is crucial in lithium battery production, directly impacting battery performance and production line stability. The process includes the formation of positive and negative electrode sheets and solid electrolyte membranes, which are essential for energy density, rate performance, and cycle life [2][5][7]. - Solid-state batteries require the preparation of solid electrolyte membranes in addition to traditional electrode sheets, increasing the complexity and criticality of the manufacturing process [7][15]. - The solid-state battery front-end manufacturing process can be divided into dry and wet methods, with dry methods gradually becoming the mainstream due to their cost, process, and material compatibility advantages [2][12][15]. - Various dry film formation technologies exist, including fiberization, dry spray deposition, gas phase deposition, thermal extrusion, direct pressing, and 3D printing, each suitable for different applications [2][40]. Summary by Sections 1. Key Manufacturing Processes - The preparation of electrode sheets and electrolyte membranes is critical, directly influencing battery performance and mass production outcomes [5][11]. - The film formation process can be categorized into dry and wet methods, with dry methods being the future of high-performance solid-state batteries [11][12]. - Dry film formation paths are diverse, with fiberization seen as a promising route for future mass production [11][18]. 2. Market Potential - The market for front-end solid-state battery equipment is expected to reach **8 billion yuan** by 2029, driven by the anticipated increase in global solid-state battery capacity from **17 GWh** in 2024 to **200 GWh** in 2029 [8][9]. 3. Dry vs. Wet Process Advantages - Dry processes eliminate solvent use and drying steps, leading to lower energy consumption and manufacturing costs, while enhancing material utilization and environmental friendliness [15][18]. - Dry processes exhibit superior structural stability, allowing for higher packing densities and energy densities compared to wet processes [18][34]. 4. Solid Electrolyte Materials - Solid electrolyte materials are categorized into oxides, sulfides, polymers, and halides, with sulfides currently being the mainstream technology due to their high conductivity and processing performance [21][22]. 5. Future Developments - The evolution of solid-state batteries will involve the introduction of high-performance anodes and cathodes, with dry processes increasingly demonstrating compatibility advantages [26][30].

数据显示，华夏基金旗下1只基金位居曼恩斯特十大流通股东。华夏中证1000ETF（159845）三季度增 持1900股，持有股数39.12万股，占流通股的比例为0.68%。根据测算，今日浮亏损失约113.44万元。连 续4天下跌期间浮亏损失270.29万元。 华夏中证1000ETF（159845）成立日期2021年3月18日，最新规模454.69亿。今年以来收益24.61%，同 类排名1924/4208；近一年收益18.86%，同类排名2161/3972；成立以来收益25.38%。 华夏中证1000ETF（159845）基金经理为赵宗庭。 截至发稿，赵宗庭累计任职时间8年221天，现任基金资产总规模3558.65亿元，任职期间最佳基金回报 121.58%， 任职期间最差基金回报-32.63%。 11月21日，曼恩斯特跌5.14%，截至发稿，报53.49元/股，成交8282.21万元，换手率2.62%，总市值 76.97亿元。曼恩斯特股价已经连续4天下跌，区间累计跌幅10.92%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、 ...

Core Viewpoint - Shenzhen has successfully nurtured 121 companies to go public within ten years, showcasing a robust innovation ecosystem that supports rapid growth in technology enterprises [1][3]. Group 1: Companies Achieving Rapid Growth - Among the 121 companies, 87 are listed on A-shares and 34 on Hong Kong stocks, indicating a strong performance in capital markets [1]. - Companies like Zhongke Feicai and Laplace have achieved significant milestones in the semiconductor sector, with Zhongke Feicai going public in just 8 years and becoming a key player in semiconductor quality control [3][4]. - In the smart hardware sector, companies such as Yingshi Innovation have redefined global consumer markets, with Yingshi becoming the global leader in panoramic cameras with a market share of 67.2% [4]. Group 2: Emerging Sectors and Innovations - The renewable energy sector is also thriving, with companies like Youyou Green Energy focusing on high-efficiency charging equipment for electric vehicles, contributing to the rapid development of the charging infrastructure [5]. - Shenzhen's companies are not only innovating in technology but also collectively enhancing the city's industrial structure towards high-tech and globally competitive sectors [5]. Group 3: Supportive Ecosystem for Startups - Shenzhen has established a comprehensive enterprise cultivation system, including various incubators and funding mechanisms, to support startups and scale-ups [7][8]. - The city has set up government investment funds that have mobilized nearly 500 billion yuan to support over 8,000 industry projects, resulting in a significant number of companies becoming specialized and innovative [8][9]. - The average time for startups to go public in Shenzhen is 13.35 years, which is faster than the national average, reflecting the city's efficient support for innovation and growth [9].

证券代码：301325 证券简称：曼恩斯特 公告编号：2025-069 深圳市曼恩斯特科技股份有限公司 2025 年第二次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、股东出席的总体情况 （一）会议召开情况 1、股东会的召集人：深圳市曼恩斯特科技股份有限公司（以下简称"公司"） 董事会 2、会议召开的合法、合规性：本次股东会的召开符合有关法律、行政法规、 部门规章、规范性文件和《深圳市曼恩斯特科技股份有限公司章程》的相关规定。 3、会议召开的日期、时间： （1）现场会议时间：2025 年 11 月 14 日 15:00 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系统 进行网络投票的具体时间为：2025 年 11 月 14 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深交所互联网投票系统投票的具体时间为：2025 年 11 月 14 日 9:15-15:00 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2025-068 一、与专业机构共同投资概述 为推进深圳市曼恩斯特科技股份有限公司（以下简称"公司"）整体战略实施， 加快围绕主营业务优化产业布局，进一步提升综合竞争力，公司全资子公司深圳 市曼恩斯特创投管理有限公司（以下简称"曼恩创投"）拟作为有限合伙人以自有 资金出资人民币 5,000 万元，与普通合伙人暨基金管理人贵欧私募基金管理（北 京）有限公司及其他有限合伙人天津贵欧投资产业基金合伙企业（有限合伙）共 同设立天津贵欧壹号股权投资基金合伙企业（有限合伙）（以下简称"标的基金"）， 标的基金注册资本为人民币 10,001 万元，曼恩创投持有标的基金的份额为 49.995% 。 具 体 内 容 详 见 公 司 于 2025 年 5 月 23 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于公司全资子公司与专业机构共同投资的公告》 （公告编号：2025-030）。 二、与专业机构共同投资的进展情况 深圳市曼恩斯特科技股份有限公司 公司全资子公司曼恩创投于近日收到基金管理人贵欧私募基金管理（北京） 有限公司通知，天津贵欧壹号股 ...