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 share issuance and fundraising, aiming to enhance its position in the lithium battery separator industry [1][4]. Group 1: Transaction Details - The transaction is currently in the planning stage, with a preliminary agreement signed with the 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 is not held and the plan disclosed by December 15, 2025, trading will resume, and the transaction 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 [4][5]. - The company is recognized as a "little giant" enterprise and a national high-tech enterprise, previously listed on the New Third Board until its delisting in April 2018 [4]. Group 3: Enjie Co. Overview - Enjie Co. is a leading global player in the lithium battery separator industry, with its main products categorized into membrane products, packaging printing, and packaging products [6]. - As of the end of 2024, Enjie Co. has maintained the top market share for seven consecutive years in the lithium-ion battery separator market [6]. - The company 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 863.23 million yuan, a decline of 119.46% year-on-year [7]. Group 4: Market Position and Challenges - Enjie Co.'s main clients include major domestic and international lithium battery manufacturers, with significant partnerships with companies like CATL and BYD [7]. - The separator industry has seen intensified competition, leading to a significant decline in Enjie Co.'s profitability over the past two years, with net profits dropping by 36.84% and 122.02% in 2023 and 2024, respectively [7]. - Analysts suggest that the acquisition and fundraising may help Enjie Co. consolidate assets and improve its balance sheet to address urgent working capital needs [7].