Xin Lang Cai Jing·2025-12-28 23:33Core Viewpoint - Company Xiwanda (300207.SZ) is expanding its partnerships in the lithium-ion battery sector by signing a strategic cooperation framework agreement with Zhongwei New Materials Co., Ltd. to focus on solid-state battery materials development and industrialization [1][2]. Group 1: Strategic Cooperation - Xiwanda's subsidiary, Xiwanda Power Technology Co., Ltd., will collaborate with Zhongwei New Materials to develop a series of solid-state battery materials, aiming for industrialization [2]. - The partnership will focus on three main areas: developing high energy density, high safety, and long cycle life solid-state battery cathode precursor materials; co-developing solid-state battery cathode materials and batteries for commercial applications; and exploring industrial cooperation models for solid-state battery materials [2][3]. Group 2: Financial Performance - Xiwanda has invested approximately 11.985 billion yuan in R&D over the past four years, with annual R&D expenses of 2.742 billion yuan, 2.711 billion yuan, 3.330 billion yuan, and 3.202 billion yuan respectively [6]. - The company's total assets have grown from 42.63 billion yuan at the end of 2021 to 100.4 billion yuan by the end of September 2025 [5]. - In the first three quarters of 2025, Xiwanda achieved a revenue of 43.534 billion yuan, a year-on-year increase of 13.73%, and a net profit attributable to shareholders of 1.405 billion yuan, up 15.94% year-on-year [5]. Group 3: Market Position - Xiwanda is recognized as a leading player in the global lithium-ion battery sector, ranking among the top ten in global power battery installations and top ten in global energy storage cell shipments [2]. - The company has established a diversified business model with five major segments: consumer products, power technology, energy technology, smart hardware, and innovation & ecology [5]. Group 4: Legal Matters - Xiwanda Power is currently involved in a lawsuit amounting to 2.314 billion yuan initiated by Weir Electric Vehicle Technology Co., Ltd. over alleged quality issues with battery cells delivered between June 2021 and December 2023 [3][4].