【私募调研记录】红筹投资调研利元亨

Group 1 - The core viewpoint of the news is that a well-known private equity firm, Shenzhen Red Chip Investment, has conducted research on a listed company, Liyuanheng, which specializes in all-solid-state battery solutions [1] - Liyuanheng covers a full range of equipment compatibility for sulfide, oxide, polymer, and halide systems, with core advantages including customized solutions, safety control for sulfides, full-process implementation capabilities, and modular single-machine equipment [1] - The company aims to enhance its multi-technology route compatibility, overcome large-scale production process bottlenecks, and form collaborative solutions across the industrial chain [1] Group 2 - Liyuanheng has secured orders from leading domestic automotive companies and has delivered front-end equipment to clients in the United States, while also advancing cooperation with customers in North America, Southeast Asia, and Europe [1] - As of May 31, 2025, Liyuanheng's total order backlog amounts to 4.921 billion yuan, with a diversified order structure driven by demand for new consumer lithium battery production lines, optimization of customer structure, and intelligent warehousing business [1]