重大资产重组，500亿锂电龙头今起停牌

Core Viewpoint - Enjie Co., Ltd. plans to acquire 100% equity of Qingdao Zhongke Hualian New Materials Co., Ltd. through a share issuance and raise matching funds, indicating a strategic move to enhance its market position and financial stability [1][4]. Group 1: Transaction Details - The transaction is currently in the planning stage, with preliminary agreements signed with major shareholders of Zhongke Hualian [4]. - Enjie Co. will suspend trading of its shares starting December 1, 2025, and is expected to disclose the transaction plan within 10 trading days [4]. - If the board meeting to review the transaction is not held within the specified timeframe, trading will resume on December 15, 2025, and the transaction planning will be terminated [4]. Group 2: Company Background - Zhongke Hualian, established in November 2011, specializes in the R&D, production, and sales of wet lithium-ion battery separator production equipment, providing comprehensive automation solutions [5]. - The company is recognized as a "little giant" enterprise and a national high-tech enterprise, previously listed on the New Third Board before delisting in April 2018 [5]. Group 3: Enjie Co. Overview - Enjie Co. is a leading player in the global lithium battery separator industry, with its main products categorized into membrane products, packaging printing, and packaging products [8]. - As of the end of 2024, Enjie Co. has maintained the largest market share in the lithium-ion battery separator market for seven consecutive years [8]. - The company’s major clients include prominent domestic and international lithium battery manufacturers such as CATL, BYD, and Panasonic [8]. Group 4: Financial Performance - Enjie Co. reported a revenue of 9.543 billion yuan for the first three quarters of 2025, a year-on-year increase of 27.85%, but faced a net loss of 86.32 million yuan, a decline of 119.46% compared to the previous year [8]. - The company's profitability has significantly decreased over the past two years, with net profits dropping by 36.84% in 2023 and 122.02% in 2024 [8]. Group 5: Market Analysis - Analysts suggest that the acquisition and fundraising could help Enjie Co. achieve asset integration and improve its balance sheet, addressing the urgent need for working capital [9]. - As of November 28, 2025, Enjie Co.'s stock price was 55.35 yuan per share, with a market capitalization of 54.4 billion yuan [9].