Core Points - The Shanghai Composite Index is at 3881.52 points, above the five-day moving average, with a slight increase of 0.16% [1] - The total trading volume of A-shares today is 20,744.93 billion yuan, with 378 A-shares breaking through the five-day moving average [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the five-day moving average are: - Mengguli (盟固利) with a deviation rate of 10.01% and a price increase of 14.25% [2] - Nuocheng Jianhua (诺诚健华) with a deviation rate of 9.72% and a price increase of 12.72% [2] - Zhaoxin Co. (兆新股份) with a deviation rate of 8.44% and a price increase of 10.10% [2] Trading Activity - The trading turnover rates for the top three stocks with the highest deviation rates are: - Mengguli (盟固利) at 24.56% [2] - Nuocheng Jianhua (诺诚健华) at 6.63% [2] - Zhaoxin Co. (兆新股份) at 10.18% [2] Additional Stocks - Other notable stocks with significant price increases and deviation rates include: - Anglikang (昂利康) with a 10.00% increase and an 8.04% deviation rate [2] - Toukeng Life (透景生命) with a 10.43% increase and an 8.01% deviation rate [2] - Huafu Fashion (华孚时尚) with a 10.06% increase and a 7.89% deviation rate [2]

Core Viewpoint - The company Mengguli (301487.SZ) plans to issue A-shares to specific investors, including its controlling shareholder Hengtong New Energy, aiming to raise up to 980 million yuan for projects including a lithium-ion battery cathode material project and to supplement working capital [1][2]. Group 1: Share Issuance Details - The share issuance will involve no more than 35 specific investors, with Hengtong New Energy participating in cash subscription for 200 million yuan [1][4]. - The total number of shares issued will not exceed 30% of the company's total share capital prior to the issuance [2]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance date [1]. Group 2: Fund Allocation - The total investment for the lithium-ion battery cathode material project is approximately 886.46 million yuan, with 860 million yuan expected to be raised from this issuance [3]. - An additional 120 million yuan will be allocated to supplement the company's working capital, bringing the total planned fundraising to 980 million yuan [2][3]. Group 3: Shareholder Structure - Hengtong New Energy currently holds 33.79% of the company's shares directly and controls an additional 2.87% indirectly, totaling 36.67% [4]. - The issuance will not change the controlling shareholder or actual controllers of the company, as Hengtong New Energy will remain the controlling shareholder post-issuance [4]. Group 4: Financial Performance - For the first half of 2025, the company reported revenue of 1.018 billion yuan, a year-on-year increase of 23.19%, while net profit attributable to shareholders decreased by 60.87% to 3.04 million yuan [17][18]. - The net profit after excluding non-recurring items fell by 70.57% to 1.84 million yuan [18].

Group 1 - The core point of the news is that Mengguli's stock price increased by 5.25% to 26.45 CNY per share, with a trading volume of 398 million CNY and a turnover rate of 5.73%, resulting in a total market capitalization of 12.157 billion CNY [1] - Mengguli, established on November 18, 2009, is located in Tianjin and specializes in the research, production, and sales of lithium battery cathode materials, with 99.80% of its revenue coming from lithium materials [1] - The company's main products include lithium cobalt oxide for consumer applications and ternary materials for power battery applications [1] Group 2 - Among Mengguli's top ten circulating shareholders, Huaxia Fund's Huaxia CSI 1000 ETF (159845) increased its holdings by 485,200 shares in Q2, now holding a total of 1.2498 million shares, representing 0.46% of circulating shares [2] - The Huaxia CSI 1000 ETF has a current scale of 38.227 billion CNY and has achieved a year-to-date return of 25.44%, ranking 1893 out of 4222 in its category [2] - The fund has a one-year return of 66.57%, ranking 1277 out of 3800, and a since inception return of 26.21% [2]

Group 1 - XianDao Intelligent has announced that there is uncertainty in the advancement of its solid-state battery-related business, as the global solid-state battery industry is still in the technology iteration and industrialization preparation stage, not yet entering large-scale production [1] - MengGuli has achieved batch supply of NCA products in the humanoid robot battery field in the first half of the year and is actively developing solid-state battery materials, indicating innovation strength in new energy battery technology [2] - Zhiyuan New Energy's controlling shareholder's concerted actor Wang Ran plans to reduce his stake in the company by no more than 3% within three months, which may impact market sentiment and the company's control structure [3] Group 2 - The solid-state battery sector is currently experiencing high market attention, but companies are advised to maintain a rational perspective on the actual industry situation and avoid blind speculation [1] - MengGuli's successful verification of its technology by leading enterprises lays a foundation for future development in the battery sector [2] - Investors should monitor the potential impacts of share reductions on the company's strategic direction and overall business development [3]

Core Viewpoint - The company is focusing on the development and commercialization of advanced battery materials, particularly in the context of the growing electric vehicle market and the transition to solid-state batteries. Research and Technology Development - In the first half of 2025, the company achieved a breakthrough in sales with over a thousand tons of patented technology applied in humanoid robot batteries, contributing to revenue and profit growth [2] - The company is pursuing multiple technological routes in the cathode materials sector, emphasizing high nickel and single crystal materials while also exploring medium nickel high voltage and polycrystalline materials [2] Competitive Strategy and Solid-State Battery Progress - The company is implementing a high-end and differentiated competition strategy for its ternary cathode materials, positioning itself in the leading tier of the small power sector [3] - Solid-state electrolyte products have completed technical standardization and passed pilot testing with leading solid-state battery companies, indicating potential applications across various fields [3] Product Matrix and Sodium Battery Development - In response to the changing market dynamics post the 50% penetration rate of electric vehicles, the company is advancing its cathode material R&D to create a diverse product matrix [4] - The sodium battery cathode materials are being developed using both layered oxide and polyanion dual technology routes, with the first generation showing significant performance advantages [4] Capacity Utilization and Client Relationships - The capacity utilization rates for ternary materials and lithium cobalt oxide were reported at 72.25% and 93.82% respectively, with no structural capacity bottlenecks identified [5] - The company is actively expanding production to address potential capacity shortages for next-generation materials, maintaining stable client concentration among its top five customers [5] Cost Control and Business Model Innovation - The company has established a raw material price monitoring mechanism and optimized procurement strategies to mitigate price volatility risks [6] - Strategic partnerships with upstream and downstream players are being pursued to enhance collaboration through capital cooperation [6] R&D Investment and Future Plans - R&D expenses in the first half of 2025 reached 47.57 million yuan, reflecting a year-on-year increase of 45.57%, with key technological breakthroughs achieved across multiple fields [7] - The company will continue to focus on the core business of new energy battery materials, promoting the iteration and industrialization of cathode materials, solid-state electrolytes, and lithium supplementation agents [7]

华泰联合证券有限责任公司 关于天津国安盟固利新材料科技股份有限公司 二、保荐人发现公司存在的问题及采取的措施 | 事项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 1.信息披露 | 无 | 不适用 | | 2.公司内部制度的建立和执行 | 无 | 不适用 | | 3."三会"运作 | 无 | 不适用 | | 4.控股股东及实际控制人变动 | 无 | 不适用 | | 5.募集资金存放及使用 | 无 | 不适用 | | 6.关联交易 | 无 | 不适用 | | 7.对外担保 | 无 | 不适用 | 2 2025 年半年度持续督导跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：盟固利 | | --- | --- | | 保荐代表人姓名：何森 | 联系电话：010-56839300 | | 保荐代表人姓名：刘天宇 | 联系电话：010-56839300 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次 ...

Group 1 - The company announced that in the first half of the year, it achieved bulk supply of NCA products for humanoid robot batteries [1] - The company is actively developing solid-state battery materials, including LATP solid electrolytes and high nickel/230 ultra-high nickel ternary materials, which have passed pilot testing certification from leading enterprises [1] - The company has also developed sodium-layered oxide and composite sodium iron phosphate products for applications in small power systems and energy storage [1]

Group 1: Research and Development Achievements - The company achieved a breakthrough sales volume of over 1,000 tons for NCA products in the first half of 2025, contributing positively to revenue and profit growth [3] - R&D expenses reached 47.57 million CNY in the first half of 2025, marking a year-on-year increase of 45.57% [10] - The company has developed LATP solid electrolyte materials with high ionic conductivity and controllable particle size, which are expected to be applied in various battery fields [5][6] Group 2: Market Position and Competitive Strategy - The company’s ternary cathode materials are primarily focused on high nickel and single crystal technology, with ongoing research in medium nickel high voltage and polycrystalline materials [4] - The company maintains a leading position in the small power sector and aims to innovate and iterate its third and fourth generation NCA products [5] - The first half of 2025 saw a capacity utilization rate of 72.25% for ternary materials and 93.82% for lithium cobalt oxide, indicating no structural capacity bottlenecks [8] Group 3: Product Development and Customer Engagement - The company is developing sodium-ion battery cathode materials, with the first generation product achieving energy density exceeding 180 Wh/kg [7] - The top five customers' concentration remained stable in the first half of 2025, with significant breakthroughs in new customer development [9] - The company plans to enhance its product matrix to meet diverse customer needs as the penetration rate of new energy vehicles exceeds 50% [7] Group 4: Supply Chain and Cost Management - The company has implemented a dynamic monitoring mechanism for raw material prices, ensuring sensitivity to market changes [9] - Strategies such as long-term contracts and supply chain finance have been employed to mitigate cost fluctuations, particularly for lithium carbonate [9] Group 5: Future Development Plans - The company will continue to focus on its core business of new energy battery materials, promoting the iteration and industrialization of cathode materials and solid electrolytes [10]

Core Viewpoint - The company is actively developing solid electrolyte products for potential applications in solid-state energy storage, alongside ongoing research in sodium-ion battery technology, indicating a strong commitment to advancing energy storage solutions [1] Group 1: Company Developments - The company has developed solid electrolyte products that are expected to be applicable in the solid-state energy storage sector [1] - The company is advancing research in sodium-ion battery technology, specifically focusing on composite sodium iron phosphate products that offer high capacity, long cycle life, and high safety advantages [1] - The performance of the developed products is at an advanced level within the industry, suggesting competitive positioning for future large-scale energy storage applications [1]

Core Viewpoint - The company aims to enhance its research and development of cathode materials for various types of new energy vehicles, focusing on product iteration to meet diverse customer needs [1] Group 1: Company Strategy - The company is committed to developing a product matrix that includes medium nickel high voltage, high nickel, and ultra-high nickel cathode materials [1] - The company plans to continuously promote the R&D of cathode materials to adapt to different levels of customer demands [1] Group 2: Industry Application - The cathode materials produced by the company can be applied in various new energy vehicles [1]