NBSS(SH:600884) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-05 14:45Group 1 - The restructuring of Ningbo Shanshan Co., Ltd. has reached a conclusion after a two-year power struggle following the sudden death of founder Zheng Yonggang, with Ren Yuanlin expected to take control as the new actual controller [1][7][8] - The restructuring agreement involves a consortium of investors acquiring a 23.36% stake in Shanshan Co. for approximately 3.284 billion CNY, which will result in a change of control from the Shanshan Group to the new investors [5][2] - Shanshan Co. has shown strong financial performance in the first half of 2025, with revenue of 9.858 billion CNY, a year-on-year increase of 11.78%, and a net profit of 207 million CNY, reflecting a significant growth of 1079.59% [9][12] Group 2 - The lithium battery industry is experiencing a strong recovery, driven by global energy transition and electrification trends, which has positively impacted Shanshan Co.'s core business in anode materials [9][12] - Shanshan Co. is actively pursuing a global expansion strategy, including a 100,000-ton anode material project in Finland, which aims to enhance its competitiveness in the European market [11][12] - The company holds 359 authorized patents in the anode materials field, including 12 international patents, indicating a strong technological foundation and leadership in the industry [12][13]