JIANGSU FENGSHAN GROUP CO.(SH:603810) Xin Lang Cai Jing·2025-09-22 13:21Core Viewpoint - Fengshan Group has entered a collaboration with Tsinghua University to develop sodium-ion battery electrolytes and solid-state lithium-ion battery electrolytes, which has led to a significant increase in its stock price and prompted major shareholders and executives to terminate their planned share reductions [1][2]. Group 1: Collaboration and Market Reaction - The company signed a technical development contract with Tsinghua University, focusing on sodium-ion battery electrolytes and solid-state lithium-ion battery electrolytes [1]. - Following the announcement, Fengshan Group's stock price surged and hit the daily limit on September 19, 2023 [1]. - On September 21, major shareholders and executives decided to terminate their previously announced share reduction plans, which were initiated in June [1]. Group 2: Share Reduction Details - Between August 12 and September 17, shareholders reduced their stakes: Gu Cuiyue by 23,050 shares (0.14% of total shares), Shan Yongxiang by 31,300 shares (0.19%), and Wu Hancun by 16,740 shares (0.10%) [2]. - The two executives, Shan Yongxiang and Wu Hancun, nearly completed their share reduction plans before the collaboration announcement [2]. Group 3: Business Focus and Financial Performance - Fengshan Group's main business remains in the production, research, and sales of pesticide raw materials and formulations [3]. - The company has faced declining performance since 2020, with consecutive losses expected in 2023 and 2024 due to industry challenges [3]. - In response to operational pressures, the company is pursuing a strategic transformation into the new energy electronic chemical industry [3]. Group 4: Development Challenges - The collaboration with Tsinghua University is in the early research and development stage, with a project timeline extending to December 31, 2028, and significant uncertainties regarding commercialization and technical feasibility [2][3]. - The company’s subsidiary, Jiangsu Fengshan Quannuo New Energy Technology Co., Ltd., is involved in the development of sodium-ion and lithium-ion battery electrolytes, but does not currently engage in solid-state battery electrolyte materials [3].